>> coming up, bob simon goes swimming with sharks. >> are you clear with everything i've said so far, bob? >> yeah, how do i get out? >> that's next when 60 minutes on cnbc returns. [ indistinct shouting ] ♪ [ 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. ♪ time to have new experiences with a familiar keyboard. to update our status without opening an app. to have all our messages in one place. to browse... and share... faster than ever. ♪ it's time to do everything better than before. the new blackberry q10. it's time. i got my mom wrapped around my little finger. do you? yeah, i do. huh. i said i want honey nut cheerios uh huh. and she just totally caved. it's all about psychology buzz. psychology? as long as i don't tell him the cereal is healthy -- he can't get enough. sad, really. i kind of feel bad that i tricked him. but...it was easy. surprise... uh, ha ha ha. â

i'm bob simon. we'll be back next week with another edition of "60 minutes." captioning funded by cbs, and ford-- built for the road ahead. i'm the next american success story. working for a company where over seventy-five percent of store management started as hourly associates. there's opportunity here. i can use walmart's education benefits to get a degree, maybe work in it, or be an engineer, helping walmart conserve energy. even today, when our store does well, i earn quarterly bonuses. when people look at me, i hope they see someone working their way up. vo: opportunity, that's the real walmart. f-f-f-f-f-f-f. lac-lac-lac. he's an actor who's known for his voice. but his accident took that away. thankfully, he's got aflac. they're gonna give him cash to help pay his bills so he can just focus on getting better. we're taking it one day at a time. one day at a time. [ male announcer ] see how the duck's lessons are going at aflac.com [ male announcer ] introducing the first ever in-dash navigation system in america powered by your smart phone. the chevrole

in this edition, scott pelley reports on hard times in a small midwestern town, and later, bob simon's story on a yonkers, new york, bakery that became a role model for social activism and small business success. we begin with the plight of wilmington, ohio. when president spoke of "the winter of our hardship" in his inaugural address of 2009, no one understood it better than the people in wilmington. they were in the grip of a brutal series of layoffs at dhl, the air shipping company, at a time when claims for unemployment benefits in the u.s. were the highest in nearly 30 years. in december 2008, just before all the speeches and parties of inauguration day, scott pelley headed to ohio to find out what questions the families in wilmington were asking. >> are we going to lose our home? you know, are we going to be able to pay our property taxes? what are we're gonna do for insurance? what are we're gonna do for food? you know, and these are questions that you'd never think that you'd ask yourself, you know. and now they're discussions in the home. >> bear hug, big. >> [grunting] i love

. >> i'm bob simon. >> i'm lara logan. >> i'm scott pelley. those stories tonight on "60 minutes." "i'm part of an american success story," "that starts with one of the world's most advanced distribution systems," "and one of the most efficient trucking networks," "with safe, experienced drivers." "we work directly with manufacturers," "eliminating costly markups," "and buy directly from local farmers in every region of the country." "when you see our low prices, remember the wheels turning behind the scenes, delivering for millions of americans, everyday. "dedication: that's the real walmart" i don'without goingcisions to angie's list first. with angie's list, i know who to call, and i know the results will be fantastic! find out why more than two million members count on angie's list. angie's list -- reviews you can trust. it can only be called black silk. from folgers. a taste you can enjoy fresh brewed one cup at a time or on the go. black silk from folgers. my name is chandra and this is my aha moment. the first call that i had on crisis line was a person who was suicidal. we

. >> i'm bob simon. >> i'm lara logan. >> i'm charlie rose. >> i'm scott pelley. those stories tonight on "60 minutes." geico's defensive driver,ke 13. good student and multi-policy discounts could save you hundreds of dollus. engineer: uh geico's discounts could save you hundreds of "doll-ars." it sounds like you're saying "dollus." dollus. engineeif you could accentuate the "r" sound of "dollars." are...are... are... engineer: are... arrrrrr. arrrrr. someone bring me an eye patch, i feel like a bloomin' pirate. geico. fifteen minutes could save you fifteen percent or more on car insurance. honestly, i feel like i nailed that. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated, professional financial consultants. it's guidance on your terms,

the people i'm looking at is kris chris -- chris christie, the inside story of the rise to power by bob angle and michael simon, a fun read so far, and takes you back into christie's political assent in nirnlings. before he was the u.s. attorney, he was a freeholder. he was involved in a lot of county politics, and so it takes us behind the story, behind the politician on the magazine covers with president obama in new jersey, and it asks, who is chris christie, told by people who know new jersey politics, a fun read, i recommend it because christie, i think, is a likely contender, and you got to know where he came from and what politics mean ahead of the election. second book on the list by a colleague, kevin d. williamson, wrote a book called "the end is near, and it's going to be awesome: how going broke leaves america richer, happier, and more secure." one reason the book is fun because the fiscal cliffs earlier was a big story covered at "national review," but later this year, there's the debt limit be the story that consumes congress, and williamson looks at the debt from a politi

ingle and michael simon. it's a fun read so far and it takes you back to the chris christie political ascent in new jersey. before he became u.s. attorney he was a moore's county freeholder involved in a lot of county politics and so it takes us behind the story, behind a politician we see on the magazine covers with president obama new jersey and it really asks who is chris christie? as told by people who know new jersey politics. it's a fun read so far and i would recommend it. chris christie is a likely contender need you have to know where he came from and what his politics mean ahead of the election. the second book on my list is by a colleague kevin d. williamson who wrote in a book called the end is there and it's going to be awesome, how growing broker will weave america richer happier and more secure. one reason i think is because a lot of fun is the fiscal cliff early in 23 -- was a big stir recovered and "national review" but later this year we will have a story that consumes congress and ted willi

simon and bob joining me from the new york stock exchange. apple reportedly looking for fresh talent to develop the any iwatch. the new hires are not from within. some say it's an indication that they are having trouble solving engineering issues. >> you listen to an aible sider, it will be like a slap bracelet that goes around. if they can pull that off, amazing, but disappointing if it's not until the end of next year. >> having trouble getting excited. the only thing that interests me is the biometrix part which has personal information and that could be used as an ultimate personal identifier. you know it's bob pisani because the biometrix say so. everything else i don't get excited about. maybe i'm missing something. >> we'll wait and see what it looks like. tesla motors has a market cap 150 billion compared to oracle's 148 billion. the tech company of the future or not? >> they have been firing on all cylinders, excuse the pun, but they will sell 25,000 electric cars. proven they can sell them. keep bringing the battery costs down. i th

bob pisani is here with me. steady as she goes essentially. >> and who would have thought the move in the markets would have been from bernanke's written testimony but not the q&a. everyone was quiet and thinking that the republicans might come out swinging. didn't really half. take a look at dow jones industrial average. as simon said, steady as she goes here. not a lot of volatility. all the movement came in the bond market as they released mr. bernanke's testimony, the written testimony at 8:30 a.m., almost a ten basis point drop in the yield and that's quite significant and that's what people felt mr. bernanke wanted to accomplish. the delivering alpha conference coming on all day today. jim chanos, noted short seller, put up caterpillar as a new short. caterpillar dropped on the news. that was 45 minutes ago and leon cooperman came out with some picks of his own including some quality growth stocks. there's caterpillar dropping and put up lee cooperments, express scripts and qualcomm and then he had growth

thanks, simon. let's get to bob pisani. >> look at the dow. i don't know what's going on but every day for seven or eight days we close within a couple points of 1550 and we're doing it again. this number is like either side of that is where we've been for seven, eight, i think this is the ninth trading session. complete turmoil in potash stocks. you can see what's happened to these potash prices. they have simply collapsed, the stock prices. let me show you what's going on. i don't think it's too strong a word to call it a cartel here. 80% of the supply is controlled by the top six producers, okay? the top four producers belong to two marketing organizations, call it whatever you want, that negotiate prices and contracts. you might say to yourself isn't it -- isn't that price fixing? and isn't it illegal in some countries? and it sounds that way to me and should be but it turns out it's hard to enforce national laws on price fixing and things like that in international markets. you can't do it. take a look at, for example, some other ones. yo

. >> thank you very much, simon. let's get to bob pisani who is watching what's moving at the big board. >> not a lot of energy in the dow, but great relief down here on the floor because the industrial numbers for the big companies came in a little bit above expectations and that was a relief after google and microsoft. not surprisingly, industrials are leading. that makes a lot of sense because they're the ones that matter. health care, energy, and materials, today they're the one that is matter, on the upside. of the big companies, four big ones we talked about, three of them industrials. one of them a consumer company, all beat here. take a look, general electric, five-year high. our old company doing very well today. ingersoll rand doing well. honeywell set a historic high. whirlpool, that's got to be close to a historic high if it isn't. so the important thing that's going on here is we're seeing nice momentum overcoming disappointment of google and microsoft last night. now, here is where we are in the earning

. >> what happened to the apple crate that simon hobbs usually stands on? i'm missing that. >> i don't know what you're talking about. >> bob pisani, welcome back. >> ooh, now you're just being tough over there. >> oh, no, no. >> good to be back. >> by the way, the dow is on a mini-winning streak. >> yeah. >> how are we looking at the close? >> looking good. we're heading into earnings season. the s&p 500 is 1.5% from historic high. banks, which i care about, thank you, jpmorgan, wells fargo, holding up well. the important thing is, i want to hear what they have to say about the steepening of the yield curve on friday. look at the numbers, up nicely. a new high for wells fargo. us bancorp, regions pnc, new highs. no sign that everybody is running for the hills into the earnings season. one of the reasons rear weak is semiconductors are weak. that's why the nasdaq has had trouble. intel had trouble. a downgrade, some comments from citigroup. some of the hardware stocks haven't been doing much. another weak group, no traction or turnaround in emerging markets

simone veann and cnn kmen dater dino badala and the man who almost needs no introduction mayor marion barry. we'll talk with you a lot especially the part where we talk about what happens next. how do you rehabilitate yourself? let's get into this now. i'll start with you, doctor. why do sex and politics seem to go hand in hand, doctor? >> well, they do, don. the type of personality that is drawn to being a politician means you are obviously drawn also into power. there is a big connection between power and risk taking. the more powerful you feel the more risks you take the more risks you take the more powerful you feel. but also what we know is we're looking at particularly weiner i've been covering a lot for cnn this week, is that there is a big difference between somebody who feels entitled and somebody who has a sexual compulsion. now of course we all relate to stress in very different ways and politicians can relate to stress in very different ways. we're thinking president obama is able to deal with it a in a healthy way, weiner not so much. so he is craving that attention to de

thank you, simon, very much for that. let's bring in bob with a look at what's moving down here at the big board. doesn't seem like much. >> although i would say 3-2 declining advancing stocks and cyclical leading over defensive names. not by much. take a look at the major indices. dow utility up 1.25%. why? we're in the middle of a heat wave. have you walked outside? we're going to approach 100 degrees in new york and the utilities are up on that. the midwest also has quite a heat wave. look at the utility stocks. con-ed said they're prepared for power outages in new york city. they're all up 1 to 2% today. economically sensitive, they're all doing well and very impressed with the bank earnings so far, three in a row right now. wells fargo and citigroup better than expected and not, not selling on the earnings news as they often have done when the quarters began when bank earnings began in prior quarters, so a little different this team. these stocks are near new highs. for example, wells fargo, that's sitting at a new h

simon hobbs, thank you very much, sir. again, what the ecb is doing feeding into some of the stronger dollar strength we have been seeing. we'll get more from bob on that soon. >> yes, we will. in the meantime, iac's second quarter coming in better than expected. here with us is the ceo greg glatt along with julia boorstin. good morning to both of you. >> good morning. >> good morning. >> greg, revenue looked pretty good here, 17% growth. eps was in line. stocks not looking too favorably on it. were there -- was there hair on the quarter as far as you were concerned? >> no. i think, look, i'm actually not sure what the stock is doing right now, but we had a great quarter. revenue growth rates increased across virtually all our businesses. we told people we thought revenue growth rates would increase second half over first half. we feel positive about 2014. really momentum is good across all our businesses, and we feel great about it. >> revenue over at match.com up 9% in the quarter, but everybody, greg, wants to know abou

. , which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. wi drive a ford fusion. who is healthier, you or your car? i would say my car. probably the car. cause as you get older you start breaking down. i love my car. i want to take care of it. i have a bad wheel - i must say. my car is running quite well. keep your car healthy with the works. $29.95 or less after $10 mail-in rebate at your participating ford dealer. so you gotta take care of yourself? yes you do. you gotta take care of your baby? oh yeah! >>> let's brings in the close now, just about a minute to go, simon, and it's been an interesting trading session. >> oh, wow, it certainly is. dat that coming out of europe is phenomenal. hold tight, we're lifting is how jpmorgan put it in a not