>> charlie: welcome to the program. tonight, mark leibovich, this town, two parties in a funeral plus plenty of valet parking in america's guilded capital. this "new york times" magazine reporter talks about the culture of washington. >> it was intended to be married to a culture. that sounds a little bit pat. i think ultimately people have focused on the takedown elements, right? who really comes off worse: the tidbits. i mean, you know how books are marketed and sort of talkd about these days. i think there is a larger point here which is that washington has become extremely self-satisfied at a time when the rest of the country has been extremely dissatisfied with it. it's also become an extremely wealthy community. >> charlie: we conclude this evening with josh sapan, the president and ceo of a.m.c. networks. think about walking dead, mad men and breaking bad. those are all his programs. >> on the dramatic content side i think it's probably fair to say that the sopranos was maybe the first show that put everybody's h

. >> charlie: steven cook, thank you. pleasure. >> thank you, charlie. charlie: back in a moment. stay with us. we'll talk about the federal reserve the federal reserve has been at the center of the economic recovery since the financial crisis. spansive programs that include three rounds of bond-buying also known as quantitative easing, have pushd the limits of monetary policy. the chairman ben bernanke made waves on june 19 during a quarterly news conference. he said that if the economy continues to improve, the fed will gradually roll back 85 million dollars in the u.s. government securities it purchases each month. >> if the incoming data are broadly consistent with this forecast, the committee currently anticipates that it would be appropriately to moderate the monthly pace of purchases. ' if the subsequent data remained broadly aligned with our current expectations for the economy we would continue to reduce the pace of purchases in measured steps through the first half of next year ending purchases around mid year. >> charlie: these remarks startled financial markets althoug

so i understand, charlie. we're going to shave pointsd off of our operational effectiveness to be a bit more transparent to the american people so they understand what it is we're doing on their behalf, and then allow you us to go and do it in the first place. >> rose: understanding how we make decisions in a democracy, and understanding how that kind of decision might be made if left to the people, would you be comfortable with their decision? >> look, charlie, i've said this since i entered federal service, and certainly my last 10 years in the national security agency and the central intelligence agency, and i actually said this in testimony in front of congress after 9/11. i said tell me the box. give me the box you will allow me to operate in. i'm going to play to the very edges of that box. i'm going to be very aggressive. i used the phrase, "i'll get chalk dust on my cleats i'll be so close to the out-of-bounds markers," but you, the american people, through your elected representatives, give me the fie

. >> host: stanley crouch, who was charlie parker? >> guest: well, he was what is called a genius or the word genius is used for the use he does for describing the person. that's just an advertising word now. but charlie parker was what the word genius means. but he, he not only was a remarkable technician of his instrument, but he embodied what the power of jazz really is, which is the ability to be able to play and to hear. and much of his early life was learning how to hear. so that he -- because he had, because a jazz musician actually has the hear the entire context in which he or she is improvising and make a, and react at digital speed to the sound that's going on around them. so charlie parker became one of the most masterful expoints of that -- expoints of that ability. it's not magic, but people don't usually know that that's what a person has to do. you know? >> host: is all jazz improvised? >> guest: no. but the majority of it is. now, there are some people who have written what they call through-composed pieces in which e

charlie how do you react to it i'm sorry i go ahead charlie jump in i just i just i just don't totally buy that argument i don't think that the peace treaty between israel and egypt has anything to do with social conditions domestically i think that you know one thing that we haven't fully done is we haven't leveraged our rate now that the aid going to the state of israel is defensive in its actually a lot of it's to benefit the united states it's buying maybe loans to the israelis but it's forcing them to buy from u.s. companies so i don't know how does israel sort of be the interest of the american. any sort of how does it do for the way that it's a huge law it's it was a huge liability go ahead charlie you go ahead let finish your point remember israel has legitimate defense of needs against people on their border but you know one thing the united states isn't doing i don't think or we could do better is to leverage the aid we're giving to countries especially to egypt where we were we say you know we try and move countries towards a democratic model where you're saying that amount

charlie how do you react to it i'm sorry i go ahead charlie jump in i just i just i just don't totally buy that argument i don't think that the peace treaty between israel and egypt has anything to do with social conditions domestically i think that you know one thing that we haven't fully done is we haven't leveraged now that the aid going to the state of israel is defensive in its actually a lot of it's to benefit the united states it's buying maybe loans to the israelis but it's forcing them to buy from u.s. companies so i don't know how does israel sort of be the interest of the american really around finally any sort of how does it do for the other way for it's the united states it was a huge liability go ahead charlie you go ahead let's finish your point. remember israel has legitimate defense of needs against people on their border but you know one thing the united states isn't doing i don't think or we could do better is to leverage the gate we're giving to countries especially to egypt where we were we say you know we try and move countries towards a democratic model where you

>> then to charlie's point -- >> because it's as inherently flawed. >> to charlie's point, when you have a f rogue people, that means those people aren't being supervi superviseed. >> and they're not -- >> charles -- >> here's what worries me. they lied every step of the way. they said only a few conservative groups. turned out to be hundreds. only a few groups, no, no, we're not accidentally releasing information. lo and behold, we found out 100,000 social security numbers were leased. i'm telling you where there's aif pattern there's a way to say, you're obviously not up to the job you're presently doing. rein them in. >> to daigen's point -- >> why aren't -- >> they don't know who they are yet. exponentially harder. they're going to build an army of these guy we're talking about an agency morphing into the east german police. >> you know the real dty secret? we have half of this country that pays no net federal income tax. not a dime. >> then they need the irs to get blood out of that -- >> what adam forgets is, listen, if you cut their budget, maybe they wouldn't have tim to go after

charlie how do you react to it going on sorry i go ahead charlie jump in i just i just i just don't totally buy that argument i don't think that the peace treaty between israel and egypt has anything to do with social conditions domestically i think that you know one thing that we haven't fully done is we haven't leveraged now that the aid going to the state of israel is defensive in its actually a lot of it's to benefit the united states it's buying maybe loans to the israelis but it's forcing them to buy from u.s. companies so it's sort of the how does israel sort of be the interest of the american. and he sort of how does it do for the other way that it's a huge law it's it was a huge liability go ahead charlie you go ahead let's finish your point remember israel has legitimate defense of needs against people on their border but you know one thing the united states isn't doing i don't think or we could do better is to leverage the aid we're giving to countries especially to egypt where we were we say you know we try and move countries towards a democratic model where you're saying that a

charlie how do you react to it going on sorry i go ahead charlie jump in i just i just i just don't totally buy that argument i don't think that the peace treaty between israel and egypt has anything to do with social conditions domestically i think that you know one thing that we haven't fully done is we haven't leveraged now that the aid going to the state of israel is defensive in its actually a lot of it's to benefit the united states it's buying maybe loans to the israelis but it's forcing them to buy from u.s. companies so i don't know how does israel serve the interests of the american. any sort of how does it use or the other way around it's a huge law it's it was a huge liability go ahead charlie you go ahead let's finish your point. remember israel has legitimate defensive need against people on their border but you know one thing the united states isn't doing i don't think or we could do better is to leverage the aid we're giving to countries especially to egypt where we were we say you know we try and move countries towards a democratic model where you played on a mound with isr

charlie how do you react to it i'm sorry i go ahead charlie jump in i just i just i just don't totally buy that argument i don't think that the peace treaty between israel and egypt has anything to do with social conditions domestically i think that you know one thing that we haven't fully done is we haven't leveraged now that the aid going to the state of israel is defensive in its actually a lot of it's to benefit the united states it's buying maybe loans to the israelis but it's forcing them to buy from u.s. companies so i don't know how does israel sort of the interests of the american who are finally any sort of how does this or the other way that it's a united states it was a huge liability go ahead charlie you go ahead let's finish your point remember israel has legitimate defense of needs against people on their border but you know one thing the united states isn't doing i don't think or we could do better is to leverage the aid we're giving to countries especially to egypt where we were we say you know we try and move countries towards a democratic model where you're playing o

charlie: the articles came out last week. clearly there are weeks in this, because i can't understand how anybody can figure this out. you have "the times" and the hearing. i will say this, goldman sachs waited way too long to respond, they waited aaweek, and in this environment when you are the vampire squid,,people remember that. that is why this thing's front page of "the new york times." if this was wells fargo, it would not be front page. goldman sachs manipulating the price of aluminum through warehousing. they don't control the flow in. you want to park your stuff in there, why park it there? not like goldman is putting a gun to their head. i can understand that bottleneck. anyway, "new york times" versus goldman sachs, watch for corrections. we think there is about five corrections. liz: they are to their credit just about on the second page. charlie: reporter i believe a pulitzer prize-winning. liz: thank you for the fair and balanced report. apple facing the fight of truth when he earnings come out after the bell, c

>> then to charlie's point -- >> because it's as inherently flawed. >> to charlie's point, when you have a few rogue people, that means those people aren't being supervi superviseed. >> and they're not- >> charles -- >> here's what worries me they lied every step of the way. they said only a few conservative groups. turned out to be hundreds. only a few groups, no, no, we're not accidentall releasing information. lo and behold, we fod out 100,000 social security numbers were released. i'm telling you where there's aif pattern there's a way to say, you're obviously not up to the job you're presently doing. rein them in. >> to daigen'soint -- >> why aren't -- >>they don't know who they are t. >> exponentially harder. they're going to build an army of these guys? we're talking about an agency morphing into the east german police. >> you know the real dirty secret? we have half of this country that pays no net federal income tax. not a dime. >> then they need the irs to get blood out of that -- >> what adam forgs is, listen, if you cut their budget, maybe they wouldn't have time to go after

thank you, bo. >> all right, charlie. adam: charlie gasparino, on top of it. think one of the quotes from that discussion, perhaps people turning on sac was a couple of crepitations. lori: great to hear both side of the story and personal information about steve cohen. although the breaking news that the lawmakers refused to comment whether or not an indictment would follow with -- adam: keep watching charlie. keep watching gasparino. he will get it for. sac not only shocker on wall street. facebook wowing investors after reporting its quarterly results. zynga, they work with facebook and zynga reports after the bell. we'll have a analyst's take just ahead. adam: look what is happening with the 10-year treasury. you see right here that the yield is going up. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because

charlie and norah? >> don dahler, thanks. >>> the president said, quote, i know this case has elicited strong passions, and in the wake of the verdict, i know those passions may be running even higher, but we are a nation of laws and a jury has spoken. >> george zimmerman face as new set of problems as he moves onto the next chapter of his life. the case first received national attention when mark strassmann reported it right here on "cbs this morning" in march of last year. he joins us now from sanford, florida. mark, good morning. >> reporter: good morning, norah. there have been all sorts of perceptions of him from that f t a vigilante to a victim who stood his ground. not everyone is eager to have him back. zimmerman has his freedom back. his gps ankle monitor is off and he can travel any america but he'll never have the life he left before he killed trayvon martin. attorney mark o'mara defended zimmerman. he said the crime watch volunteer will have to look over his shoulder for the rest of his life

>> then to charlie's point -- >> because it's as inherently flawed. >> to charlie's point, when you have a few rogue people, that means those people aren't being supervi superviseed. >> and they're not -- >> charles -- >> here's what worries me. they lied every step of the way. they said only a few conservative groups. turned out to be hundreds. only a few groups, no, no, we're not accidentally releasing information. lo and behold, we found out 100,000 social security numbers were released. i'm telling you where there's aif pattern there's a way to say, you're obviously not up to the job you're presently doing. rein them in. >> to daigen's point -- >> why aren't -- >> they don't know who they are yet. >> exponentially harder. they're going to build an army of these guys? we're talking about an agency morphing into the east german police. >> you know the real dirty secret? we have half of this country that pays no net federal income tax. not a dime. >> then they need the irs to get blood out of that -- >> what adam forgets is, listen, if you cut their budget, maybe they wouldn't have time

charlie, norah? >> don thank you. i hope don doesn't get a ticket for driving and talking at the same time. >> i hope so too, and i >>> high pressure holding on, going toably lots of sunshine to the bay area today. going to start to get hot in spots inland again as we'll see plenty of sun in the valleys looking toward mount diablo going to see sunshine and temperatures soaring there this afternoon. but there is a thick fog settling in inside the bay and along the coastline. a little damp approaching the beaches. but high pressure remains in place for now. plan on 90s in the valleys, 70s and 80s inside the bay. 60s at the coast. next couple of days we begin to cool down. >>> recovering from a heart attack raises me questions for women. that includes when is it safe to resume sexual activity and are doctors doing enough to provide answers? a top cardiologist will join us to talk about one of our favorite subjects. join us ahead to talk about one of our favorite subjects. >> you mean hearts? >> absolute

. >> and so if you step back, charlie, there was a concept my friend atalked about before and i think with you, which is that it is the concept of positive and negative freedom, freedom from and freedom to, so what we see in the arab spring so far is all the freedom from, i want to be free from you, i want you out of my life, but the freedom to, if you construct that freedom to do what, there is no agreement. some people want to be free to be more sectarian, some people want to be free to be more islamist, and some people want to be free to be more democratic and real citizens. and what is missing in the arab world today is he common vision of what to be free to be, to do. >> rose: we continue and also have a return to our conversation with irish novelist colin mccann he talked about ireland writing and new novel, transatlantic. >> and this is the beauty of fiction, not that, you know, the history is fantastic and sociology is fantastic and all of these things together i will never prioritize one or privilege one over the other, but fiction can get into the small moments, where whatev

right, charlie? >> charlie goes me no speak english. >> he's saying nothing. >> that's right. >> we do charlie. all that mattered in 1979 music to our ears. turn it up in the control room. you know what we mean? the answer is next on "cbs this morning." "cbs this morning." thn this morning's "eye opener" at 8:00 is sponsored by choice hotels. the official hotel for summer. book at choicehotels.com. mom, frank ate the bones. you ate the bones. nobody ate any bones. well he's breathing on me. [ male announcer ] it's kfc original recipe without the bones white or dark meat boneless and skinless try a 10 piece mixed bucket for just $14.99. wherever your summer takes you... twist the ride. with twizzlers. the twist you can't resist. if you're seeing spots before your eyes... it's time... for aveeno® positively radiant® face moisturizer. [ female announcer ] only aveeno® has an active naturals total soy formula that instantly brightens skin. and helps reduce the look of brown spots in just 4 weeks. for

good morning, charlie. the perceived wisdom is the royal birth could be any day now. the country is doing what william and kate are doing and frankly what we're doing, waiting. for all the talk about how this royal baby will be different from all the other royal babies this royal father to be could be found in familiar regal surroundings waiting for the big day. on the polo pitch. the sport of kings is still apparently the sport of kings in waiting. prince william spent part of the weekend charging around on a pony. although with more modern transport at the ready should the most important all calls come. >> he played great polo. yeah, i should think it's brilliant. i believe he had a helicopter on standby. >> other people were on standby too. the world's paparazzi have they places staked out at the hospital where kate is scheduled to give birth any day now. this of course won't just be any royal baby. it will be born to the royal glamour couple and is the first baby that will be in line to the throne wheth

many thanks to charlie and dagen. dagen. what is hotter than the temps this man is about to be the millionth customer. dagen. what is hotter than the temps would you mind if i go ahead of you? instead we had someone go ahead of him and win fiy thousand dollars. ngratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore, you need an ally. ally bank. your money needs an ally. [growl] we used to live with a bear. we'd always have to go everywhere with it. get in the front. we drive. it was so embarrasing that we just wanted to say, well, go away. shoo bear. but we can't really tell bears what to do. moooooommmmmm!!! then one day, it was just gone. mom! [annouer] you are how you slp. tempur-pedic. >> the very bust fund to buy right now, adam. >> van guards market traded fund, charles. i am a fan of spreading out your investments in mature economies. >> ben, what do you

charlie, why can't we use this to help revitalize detroit? >> well, i'm so glad that jimmy's there and is making certain that the investment that his dad made in this country, it is still paying off, and it's paying off in my congressional district and districts around the country, but believe me, you can't compare what we had with detroit. first of all, these things on jack's idea and what president clinton signed into law, it means that the city, state and the federal government put in and show a plan, an investment plan as to what you intend to do. what the city intends to do, what the state intends to do and what the federal government, one-third and any political subdivision can cancel out the other two. what is happening in detroit is too much has happened too soon and there's no anchors there for an empowerment zone. the whole concept of an empowerment zone is to target areas where you have the talent but you don't have the investment. >> right. >> and you get the tax incentives not only for capital investment, but you also give it to

thank you. >> thank you, charlie, always good to see you. >> rose: good night. >> funding for charlie rose has been provided by its coca-cola company, supporting this program since 2002. >> an american express. a decisional funding provided by these funders. >> and by bloomberg, a provider of multimedia news and information services worldwide. >>> earnings kick off alcoa starts the season with a beat. the ceo is with us too discuss his outlook, the slumping stock price, and what the fed's next move could mean for his company. >>> back to business, congress rolls up its sleeves and gets to work. but will it be able to get anything done on student loans, immigration, the farm bill? >> and less is more. why street funds might be all it takes to keep your portfolio well diversified. we have all that and more tonight on nightlybu

what is the proper way, charlie? you know warren buffett. >> but i don't know how to eat bonbons or how he knows. >>> a new bank rate survey finds 26% of americans prefer to save cash over other long-term investments compared to 23% who choose real estate. >> 16% picked gold and other precious metals. only 14% favor the stocks, and 8% go with bonds. jim ellis is the assistant managing editor at bloomberg business week and join us at the table. good to see you again. >> good morning. >> are you surprised the number was so low with the people who were investing in stocks? >> i was surprised in the sense that we've had such low rates on cash in the last four years that you would think that most people would say i've got to get higher rates, but so many people were shocked by the crash, they are sort of shell-shocked. they don't want to take any risk. and in the long haul, that's going to hurt. >> because once you've been burned, isn't it hard to jump back in? >> it's hard to jump back in, but so many people are now faci

many thanks to charlie and dagen. what is hotter than the temps >> the very bust fund to buy right now, adam. >> van guards market traded fund, charles. i am a fan of spreading out your investmen in mature economies. >> ben, what do you like? >> fidelity emerging markets. they are hit hard and poised for a come back as the general economy comes back. >> are you okay? >> if they think it is over by the short. >> you think it is ver. >> i believe so. i think rates will go higher. nfan the cost of freedom continues. ♪ >> a battle erupt nothing dc over keeping america from becoming a full- blown welfare state. republicans are trying to turn back time and overhaul the food stamp program. recent reports showing that more than two and half million who get it are young, single childless and healthy adults that are not working. some say we need to scrap this cornerstone of welfare before we go down the weareitate town. we'll go in focus with steve, rich, morgan, and rick and

charlie day joins us next. come on back, everybody. [ cheers and applause ] ♪ don't scratch it kid. [ crunch ] ♪ get low now! ♪ whoo-hoo-hoo! [ siren chirps ] [ crunch ] ♪ put your back in it [ wolf howls ] whoo! ♪ [ tires screech ] [ crunch ] ♪ aaaaah! ♪ [ tires screech ] ♪ a person like you will scan a pack of bud light and enter a code for a chance to win monster dna headphones, and tickets to unbelievable music experiences. bud light music first. here we go. [ male announcer ] men -- you've tortured your face enough. end the face torture. new dove men + care face lotion hydrates skin to keep it looking good. take better care of your face with dove men + care. ♪ 'cause germs don't stick on me ♪ [ female announcer ] band-aid brand has quiltvent technology with air channels to let boo boos breathe. [ giggles ] [ female announcer ] quiltvent technology, only from band-aid brand. use with neosporin first aid antibiotic. ♪ [ cheers and applause ] >> jimmy: you know our next guest as one of t

thank you. >> thank you, charlie, always good to see you. >> rose: good night. >> funding for charlie rose has been provided by its coca-cola company, supporting this program since 2002. >> an american express. a decisional funding provided by these funders. >> and by bloomberg, a provider of multimedia news and information services worldwide.

many thanks to charlie and dagen. what is hotter than the temps outside in what about the three funds to buy right now. >> the very bust fund to buy right now, adam. >> van guards market traded fund, charles. i am a fan of spreading out your investments in mature economies. >> ben, what do you like? >> fidelity emerging markets. they are hit hard and poised for a come back as the general economy comes back. >> are you okay? >> if they think it is over by the short. >> you think it is over. >> i believe so. i think rates will go higher. nfantastic. the cost of freedom continues. ♪ >> a battle erupt nothing dc over keeping america from becoming a full- blown welfare state. republicans are trying to turn back time and overhaul the food stamp program. recent reports showing that more than two and half million who get it are young, single childless and healthy adults that are not working. some say we need to scrap this cornerstone of welfare before we go down the welfareitate town. we'll go in focus with steve, rich, mor

thank you. >> thank you, charlie, always good to see you. >> rose: good night. >> funding for charlie rose has been provided by its coca-cola company, supporting this program since 2002. >> an american express. a decisional funding provided by these funders. >> and by bloomberg, a provider of multimedia news and information services worldwide. >> announcer: the following kqed production was produced in high definition. ♪ >> must have soup! >> the pancake is to die for! [ laughs ] >> it was a gut-bomb, but i liked it. >> good. i actually fantasize, in private moments, about the food i had. >> i didn't like it. >> you didn't like it? oh, okay. >> dining here makes me feel rich. >> and what about dessert? pecan pie, sweet potato pie.

. >> good morning, charlie. still a dangerous situation in arizona. >> the firestorm that killed 19 firefighters continues to grow. last night the people of prescott, arizona, grieved the loss of hometown heroes. >> it is 0% contained. john blackstone standing by in congress, arizona. good morning. >> reporter: good morning charlie and norah. good morning to our viewers in the west. we learned this morning pentagon ordered two especially equipped aircraft to come in and fight this blaze. it's destroyed 8,400 acres and homes. >> the blaze destroyed hundreds of houses and took the lives of 19 firefighters. monday a somber procession played out as the bodies of the granite mountain hot shots were transported to the medical examiner's office in phoenix where they were remembered one by one. >> cbs news learned 21-year-old was the lone surviving member of the team. he was moving the truck when the blaze took a fatal turn. >> he feels terribly and we all feel terribly. unfortunately we have very few words that express

charlie: that is the irony here. former head ofywide with those loans they were trying to sell, it is an irony with the financial crisis coming down to is a mid-level investment banker at goldman sachs who can make the case this is probably him right now, sorry for that. in a ent iis cing wn to mideveluy, puing t me rlly b-mas toake lkikee kn the ckag of nds wasellg was ckagg mogage putng th in bonds and selling them to investors who knew those bonds are problematic as he put in one of his infamous e-mails, sending e-mails to his girlfriend from his goldman sachs account when everything blows up the only one standing will be the fabulous fab. they believe what he did was purposely put out bad investments and they were destined to fail. as you point out goldman settled a civil charges. there was the deception or something along those lines, he refused to settle, that is why he is going to court over this. it was interesting. one of the better class action lawyers out there. he won a huge settlement for shareholders of

thank you. >> thank you, charlie, always good to see you. >> rose: good night. >> funding for charlie rose has been provided by its coca-cola company, supporting this program since 2002. >> an american express. a decisional funding provided by these funders. >> and by bloomberg, a provider of multimedia news and information services worldwide. >> funding for this program is >> funding for this program is provided by subaru.or: at s female announcer: at subaru, we build vehicles like the rugged outback, with symmetrical all-wheel drive standard and plenty of cargo space for those who pack even more adventure into life. subaru, a proud sponsor of "globe trekker." >> just south of the caucasus mountains are 2 countries where many cultures have clashed for thousands and thousands of years. for the traveler, the borders are opening up again. georgia, the birthplace of stalin, and armenia, the first christian country in the whole world. they've got a saying here-- the visitor is a gift from god. well, i don't know about that, but i'm here to check that hospitality out. formerly part of the

thank you. >> thank you, charlie, always good to see you. >> rose: good night. >> funding for charlie rose has been provided by its coca-cola company, supporting this program since 2002. >> an american express. a decisional funding provided by these funders. >> and by bloomberg, a provider of multimedia news and information services worldwide. >> this is "bbc world news." funding of this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, giving all profits to charity and pursuing the common good for over 30 years, and union bank. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help meet your growth what can we do for you? >> and now "bbc world news." hello. our top stories, a timetable to transition, he egypt's interim president announces a roadmap for new elections. but they are rejected by the muslim brotherhood saying it takes egypt back to square one. more protests are expected today. cairo, muslim brotherhood supporters say there can

charlie: these are active traders. this is a family fun. it is a very big family am a very powerful family, so the way this thing got leaked out is very, very suspicious in my view. bill ackman is telling the sec to look into it. if he doesn't invest more than 5%, he does not have to disclose. you don't know that unless it is leaked to you. they leaked this out right after herbalife earnings. shares were still up. if it is coordinated, like-minded people, having to file. laying out the suspicious stuff and the way this thing got leaked, to raise my eyebrows, i sent it out immediately something looks really fishy here. i personally think they will kick the tires on this thing. bill ackman is asking them to do so. liz: okay. charlie: you'r you are missing e dirty stuff here. liz: i got it all. bill ackman made a big investment in a chemical company today and he is more of an activist investor on that one. dow chemical ceo comments exclusively on that and so much more for fox business today. we have got about 70 minutes left before the closing

>> charlie, you'll have a lot of money coming in from another best seller. how about letting the state run it for you? >> listen, they're obviously responding to a real problem. people retire broke. i mean, that is an issue. here is the problem with this plan. they're essentially forcing them to save as part of a system that is essentially a ponzi scheme. it's legal, but the state pension fund systems are under water, too much money goes out, not enough goes in. they're forcing people to be part of a ponzi scheme that probably can't repay them when they retire. >> gary k., here's the part that really scared me. not only do they say you'll get your money back but with interest. they're guaranteeing us a profit. >> how do they know that? >> that's what i'm asking gary k., the money man. >> yeah, gary k. last time i looked i heard california is in debt to the tune of $800 billion so let's trust these people. if you notice anything the last few months on a broader scale, there's been trial balloons about taking all of our retirement money, giving it to the gover

>> charlie, you'll have a lot of money coming in from another best seller. how about letting the state run it for you? >> listen, they're obviously responding to a real problem. people retire broke. i mean, that is an issue. here is e problem with this plan. they're essentially forcing them to save as part of a system that is essentially a ponzi scheme. it's legal, but the state pension fund systems are under water, too much money goes out, not enough goes in. they're forcing people to be part of a ponzi scheme that probably can't repay them when they retire. >> gary k., here's theart that really scared me. not only do they say you'll get your money back but with interest. they're guanteeing us a profit. >> how do they know that? >> that's what i'm asking gary k., the money man. >> yeah, gary k. last time i looked i heard california is in debt to the tune of $800 billion so let's trust these people. if you notice anything the last few months on a broader scale, there's been trial balloons about taking all of our retirement money, giving it to the gornment, l

>> dogs are the new children, charlie. i get more dogs than i can tell you. >> what's the typical question? >> this weekend, cbs exclusive, this sunday's first question is about a woman whose next-door neighbor leaves her dog on a long chain all day long every day. >> we have it. it says he is skinny, has matted hair, never goes on walks. we feel terrible every time we see him but don't know what to say. is there a way to improve dog's life without ruining our relationship with the neighbor? >> and i say just the way you would not go up to your neighbors while their kids are scarfing down a happy meal and say those kids need to be eating better, i don't think you're going to get very far with the neighbors by giving them lectures about how they should take care of the pets. the you're worried about the dog, why not pitch in? say i'm going to take a walk around the block. i'm going to start exercising a little after dinner. would you mind if i bring spot with me? who's going to say no? maybe they'll take your lead. >> phili

>> charlie, you'll have a lot of money coming in from another best seller. how about letting the state run it for you? >> listen, they're obviously responding to a real problem. pele retire broke. i mean, that is an issue. here is the problem with this plan. they're essentially forcing them to save as part of a system that is essentially a ponzi scheme. it's legal, but the state pensn fund systems are uer water, too much money goes out, not enough goes in. they're forcing people to be part of a ponzi scheme that probably can't repay them when they retire. >> gary k., here's the part that really scared me. not only do they say y'll get your money back but with interest. they're guaranteeing us a profit. >> how do they know tha >> that's what i'm asking gary k., the mney man. >> yeah, gary k. last time i looked i heard california is in debt to the tune of $800 billio so let's trust these people. if you notice anything the last few months on a broader scale, there's been trial balloons about taking all of our retirement money, giving it to the government, letti

. >> good morning, charlie. there's a royal baby but we're still waiting on a name. >> we are, indeed. england is celebrating the royal baby this morning. those are the cannons of the 41 gun salute in london's green park about an hour ago. >> the tower of london 62 rounds fired to declare the birth british style. elizabeth palmer outside st. mary's. elizabeth, good morning. >> reporter: good morning. the duchess and brand-new baby the little prince are still inside the maternity wing of the paddington hospital. prince william is there, too. he spent the whole night there bonding with his little family. the palace issued a statement saying the royal couple want to thank the hospital staff for the care they received. the statement also reiterated that all three of them are doing exceptionally well. the news was proclaimed on the steps of the hospital. and spread like wildfire word of mouth on social media, beamed from the top of london's telecom fire and even fountains in trafalgar square ran baby blue. it started

let's lay it out like this, charlie. google wants to get in a business where they're creating a separate network over the internet and that even if you don't have cable in your house that you could perhaps buy cable programming, not cable, from google. google is going out to people and trying to cut deals over and over. intel doing the same thing where they would be a so-called over-the-top deliverer meaning not through a cable but came over the web. apple's plan, i think, is less ambitious is to -- we're going to -- we're going to put a new navigation on what you already have and who owns -- if you think of your television set in the living room, it's so full of great things, especially if it's -- if it's hooked to the web, the content choices are almost infinite. you can't find anything. you have to go up to it and hit it with a stick and hope something great pops up and apple and google both say "we're good at servicing great things. we'll help you find wonderful stuff." >> rose: reed hastings is by anybody's estimate

just ahead, charlie gasparino was with him this morning on what he told charlie about his chances of winning. lori: that will be good. in the meantime, violence erupting in egypt. dozens of supporters were killed, hundreds more injured as chaos rules in cairo. a live report from the front lines. let's get you updated on the market. time for stocks, as we do every 15 m

wildlife officials found charlie, malnourished, clinging to a tree. yesterday he underwent surgery, is now in a cast. charlie will be treated by a group called the bear league until he can be released. >> dozens of people packed the lawn at the griffin observatory to wave to space today because they were taking a snapshot of earth. it was snapped while orbiting saturn. it's up like -- unlikely anybody would be seen. >> the world's largest comic back and convention is underway in san diego. more than 100,000 people are expected. many wearing costumes of their favorite superheroes or tv characters. there's some big news. man of steel director zach snyder said his next superman movie will include batman, and fans of "response upon a time" will see a familiar disney character, the little mermaid. >> listeners enjoyed a trip down memory lane in berkeley today. at kre. ben torres explained why radios still tract his -- attract listeners. >> people who love radio really love radio, and it's not just the old-timers. there are several generations here, and the