the burger patty is seasoned with coffee dry rub and then topped with a sunny side up egg and swiss cheese. leon: that's the kind of stuff you started to see when the roman empire fell. you knew had gone way too far. alison: gluttony? leon: of course there's only like 25 calories in that thing. alison: you're not thinking about calories if you eat that. you can have one of those beers with it. leon: your stomach will explode. alison: let's check in with doug today regardless of what you're eating. leon: we're tracking a few showers. take a quick look at that. showers are diminishing. you see them mainly west of the metro area. zoom in for a quick second here. a few more from bluemont south to warrenton. won't cause much of a disruption and won't have much if any, effect at the ballgame tonight. while we're dealing with temperatures in the 70's and parts of the country are dealing with winter weather, real deal. let's go back to arlington at the netherlands pavilion steve rudin spent all the day saying it's curleon? there you go. steve: hey. few drops out here right now. not going to amount

many swiss really, really want to get your hands on the apple watch they will have to go to france or germany. that is hilarious. we own apple here. you can't sell your watch. >>> you maybe punching your pillow right now in frustration but saturday was the official international pillow fight day. yes, there's such a thing. >> for the first time, thousands celebrated the event in two greek cities including athens. it raised awareness there for abused women and children with the motto pillow fight, don't fight. another held in bucharest square and if you get tired at this one you can take a nap. >>> coming up, the hunt for a missing college freshman. she disappeared more than a month ago. and now police led to a pond in virginia and a new twist involving her step father. >>> and a new role for former commissioner bud selig. what he is doing now and what he is telling abc news about baseball's biggest controversies. you are watching "world news now." ♪ >> announcer: "world news now" weather brought to you by easy off oven cleaner. d to do now is just put our platter in the oven which w

swiss-designed precision brought to your kitchen. celebrate one year of vertuoline with $100 dollars off. it's the best price we've ever engineered. ♪ ♪ >> vicious unprovoked attack on homeless man. tonight san francisco police are asking for your help. >> beating caught on surveillance camera as you can plainly see. officers hope someone recognizes the man seen hitting the victim right on the head. good evening oechl. >> happened last night did near lark and aguirre street. >> we have the story and reaction from the people who know the victim. katie that is brutal to watch. >> it really is. hard to watch i think dan and amma. people who know the victim say he's roger regular on the corner where attacked. police work in the area also know the victim they say he's a nice guy. neighbors though to not recognize the attacker but police hoping you might. >> this video kleevrl show as man walking on lark street and he reaches a homeless man sitting against a wall. >> he pull out a blunt metal object and almost like a baseball swing swi

smoke in the cockpit was the problem on swiss air flight 111 after it took off from new york's jfk airport in 1998. >> swissair 111. >> reporter: it crashed off nova scotia killing all 129 people on board. after investigators traced the fire back to the entertainment system and the flammable insulation, had all mylar replaced. brought down four planes after fighting their way into the cockpit using box cutters. >> america 11 are you trying to call? >> everything will be okay. if you try to make any moves, you will injure yourself and the airplane. just stay quiet. >> reporter: the 9/11 terror attack led to reinforced cockpit doors on all commercial airplanes. the doors so strong they can resist bullets, even sh raprapnel from a hand grenade. the ax isn't either but after flight 370 mysteriously disappeared in 2014 investigators wonder if the flight might have been doomed by a crew member. some took issue with those new cockpit doors. >> one either had to be incapacitated or locked out. that's one of the concerns we had after 9/11. don't lock those doors so that you can't get in from the ou

it's a swiss style mashed potato. >> is it predominantly butter or predominantly potato? >> is there a head in there somewhere? >> yes, of course. >> that's happiness right there. >> my father used to say -- used to say, i am a man of simple needs. and i notice that the chef. a nice fire, some birds. >> we can spend the whole week with paul, and we'll be hunting, we'll be cooking, we'll be eating, drinking, and talking. and that's beautiful. >> life is good. >> it is for me a dream to spend this time with a legend. but i'm thrilled that bocuse seems too genuinely delighted. >> you see, it's the one behind you? >> in lyon and all across france he's monsieur paul, the great chef, a public figure, a hero, an institution, always treated with the greatest deference. here it appears he's free to enjoy the simple things with friends and local farmers who talk to him like anybody else. it's a pretty damn magical thing to see. you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what

it's gone from being a blip on the radar to being the third largest world market for swiss watches. >> it seems as though the communist party is not allowing their party officials to go to casinos. it's a blow for macau as well. rather than necessarily the actual demand drying it up there's a barrier put across these customers coming to these kind of events. >> even before we saw the results of the chinese government anti-graph measures we've seen a slight change in trend for demand with less con speck wous wealth. customers looking at products, not being quite so flashy or ostentatious. it's something that we've noticed over the last couple of careers. careers. >> you would imagine that the market corrupts watches or jewelry, this has been taken out, but may go beyond that. just ordinary spending. actually being hit because of these, the clampdown on corruption. >> it could well be. i mean we're seeing to the chinese consumer has learned a lot in the last ten years about how to get the best deal. fewer mainland chinese shoppers are crossing the border into hong kong, which has had a

andy swiss reporting. >>> jamie's with us now. samsung on the front today? >> it's all about phones yes. and apple as well. we'll start with samsung. it has been the world's top mobile phone maker for about four years, since 2011 now it is struggling to stay at the top of a very competitive market. big day for the electronic giant from south korea. and it is all about these things, which are about to appear on the screen behind me flp they are. the samsung s6. the s6 edge as well. the new flagship devices which will go on sale today in 20 countries around the world. that includes the u.s. here in the uk as well. they've received pretty good reviews from the critics, especially the s6 edge. it's got a different screen it curves down ton sides. some say it's the best phone the company has ever made. will they actually be a hit? they could be the best-selling galaxy phones ever. sales of some $50 million. they'll have to be if they want to catch up with apple because apple sold 74 million iphones in the last three months and that was driven by demand for the ip

that swiss franc strength is ripping apart the swiss economy right now. for the next couple of months, things are going to get difficult for the people of switzerland. olivia: this is at a record high. we've seen economic news surprise on the upside. where are we on corporate earnings? >> a big luxury player had earnings out overnight. you translate those sales back to euros, you get a little more bank. i think that will play out over the next three months we compare that order of euro strength last year to witness this year. going forward, that's going to be the story. forget the translation. people want to see real bottom line growth want to strip out the effect of the euro and demand. how you going to get that pick up in europe? the bar is very low. the consumer in europe still looks very weak. tom: thank you so much from london. we will continue this discussion throughout the week. let's look at the effects here on oil. it's gone modest in anxious stability. attention is turning to demand dynamics. there is a deck called a speculation. the price compo

tom: it's not swiss like. michael: no, it's not. brendan: but this is somewhat subjective according to their internal models. michael: it is somewhat dependent on the risk-weighted assets. all the banks have got to where they needed to be. it's how much capital they can return out. robert: today's consumer index report takes exception to being very positive about the consumer. i think they are still being very cautious. tom: what is brian monahan's biggest headache? michael: mortgages. tom: compelling -- compare that to wells fargo. michael: not comparable. it's not merely the problems and -- merely that problems and lawsuits. olivia: how far along is brian moynihan in paying off the task for countrywide? michael: i think he is mostly there. that was the biggest piece of it. there will probably be some residuals. robert: he really stepped into a big mess. tom: what can be done? robert: everyone was frantic to get assets, and he bought countrywide. that was a big burden. tom: frantic is not good management. robert: it is not. we are

this is one of the tea leaves of europe showing a stronger swiss franc. we've got a host of people to talk to about this. this is the greece germany yield. i know we talked about greece, up we go. we are getting back quickly. brendan: what is driving the markets right now? i would argue we are in a pattern where every day greece is slightly worse off. i can't figure out which piece of news -- there is a lot of news and none of it is good. tom: we come down and we come back. it's will be an important agenda item ross all markets and all countries this week. greece is not just about greece. we need jon ferro. i look at the markets this morning. what's the why this morning? we try to get the finance ministers. guest: i listened to one man and that was the deputy prime minister of greece. he was looking at the endgame which could be a new set of elections. they are promising not to renege on their offices. you give them another decision to make. if they do come back and say we will make concessions. they want to stay in europe or it we could get closer to the

swiss yields and in other countries throughout the eurozone, as well. that sets up the relative value trade for u.s. treasuries. tom: what that means is that dividend growth is that much more valuable if the terminal rates stay low. michael: one of the metrics i track is the spread between the 10-year treasury yield and the dividend yield and, right now, it is near parity. that is impressive. some people would argue you have a better credit rating on the s&p 500. of course, it is apples and oranges. olivia: do you agree with bill gross? michael: he also talks about the timing of the trade, which is key. fundamentally, yes that looks pretty obvious. olivia: i want to look at the chart you sent us about global central banks. the green arrow to the right -- central balance sheets have tapered off in the last couple years. what are the consequences of this for your investments? michael: that green arrow assumes that the bank of england , the bank of japan, the ecb, and the nr fed -- and the fed that green arrow takes what they pledged to do. in u.s. dollars

tom: are they trying to be more of a swiss bank this morning? hans: they want to be swiss bank on private wealth management. they want to have a big investment bank. they want to keep some of the retail. they will trim the number of offices from 730 down to 530. they want to keep that for deposits so they can run a healthy investment bank. they will have less on commodities and fixed income and more on servicing corporate needs. they will still have an investment bank. the investment bank will look different. olivia: that is what we heard from jamie dimon. my question is about timing very why now? the investment did it well. this would have been a record. every revenue if you take out the fines? hans: i think this was eventually completed they have talked about this. they finally completed it. i think it's interesting when he said they had a healthy debate with their supervisory board. this was a real robust debate. i asked if they went with the less drastic or big approach. they are hyping off 200 billion and access -- assets. you were here whe

stores and reorganizing corporate offices and revamping its technology following the purchase of a swiss drugstore chain. ali baba founder, jack ma. is expanding into the health care market, moving its online pharmacy business into a publicly traded affiliate. today's deal years the company to move into prescription drug sales if it is permitted by the chinese government. and other chinese tech company is doing expanding of its own -- they have launched a new service that lets chinese consumers by foreign products that might not be available on the domestic market by expanding deliveries expediting deliveries through china's free trade zone. the service gives international suppliers a chance to sell to china without having to establish a formal presence -- formal presence there. they have seen their value soar like other chinese internet companies. some relations have lived -- have risen 220 times the reported profit. compare that with 156 -- the price to earnings ratio of u.s. tech stocks when the nasdaq peaked in 2000, the year of the. -- year of the dot com bubble. my guest has been i

stores revamping its technology following it's purchase of the swiss drugstore change. >> alibaba founder is expanding further into china's healthcare market. they are moving the pharmacy business into a publicly traded area. they are currently limited to selling over the counter medicines but today's deal prepares the company to move into prescription drug sales in and when permitted by the government. >> the on line retailer j.d..com has launched gd worldwide that let's consumers buy foreign products that may not be available on the current market by expedited deliveries. the new service gives international suppliers a chance to sell to china without establishing a formal presence there. they've seen the value sore much like other companies leading the country's market surge. some company evaluations have risen to 2 to fimes their reported profits. compare that number with 156 of u.s. tech stocks when the nasdaq peeked in 2,000. what should we make of these numbers? are we seeing a bubble in the making in china. have you been in china for many years, what do you think we're seeing now?

we would like to thank the swiss government for its generous support in hosting this negotiation. and on behalf of me personally and everybody, we thank all of the media around the world for having followed our work and somehow also having worked with us over this difficult, but intense and positive week. thank you. >> good evening to all of you. let me also join in thanking both the swiss government and the distinguished members of the press and media for actually trying to work with us over the last several weeks, and trying to help us in getting the world to know what was going on. as our tradition has been, i will read the same statement that m mrs.ogherini read out to you in farsi. you do not need an interpretation. it will be the same statement. [speaking farsi] [speaking farsi] [speaking farsi] cory: i'm talking to her cook at the white house. we have a response from israel already. peter: that's right, we've already heard criticism from benjamin netanyahu, and not a total surprise. he of course, has been critical of these negotiations and the emerging agreement when he cam

later this year, swiss luxury watchmaker tag heuer will start selling its own smart watch developed in partnership with google and intel. this watch will sell for about $1400, more expensive than apple sport. its battery lasts about 40 hours versus apple's 18-hour battery life. let's head back to san francisco where the bloomberg businessweek design conference is underway. cory johnson is standing by. cory: yes, i am. robert brunner is here from a firm called ammunition. this place is running thick with designers. some people might say we're up to our arms in designers. the notion of the importance of design in business -- i wonder if you can talk about that. where business is being led by design as opposed to putting design on top of what is already being done. robert: the old model was designed by something that happened in the process. there were requirements that went in and stuff went out. it was manufactured. today, it is more design is the topic of conversation from the very beginning as to what some they should be to how it is made and how people use it. all of those things. al

basically the swiss model and loads of doctors began prescribing heroin. that loophole was shut down by harry ansley state-by-state or when the last places to shut it down with california because it was popular. the mayor stands in front of the clinic and says you will not shut this down. the story of why was shut down in california turns out the local chinese drug gangs were really annoyed that a nevada drug addicts had to come and buy drugs from them but in california they could go to the doctor and get them. so they bribed the federal narcotics agents to introduce the drug war. they paid them to crack down. at the birth of the drug war armed criminal gangs are paying for it to be introduced or that tells you something about who benefits from the war on drugs. and you are totally right that dynamic is insane in mexico. i remember the guy who went to texas and have been unfortunate jack-in-the-box incident you know rosalia surprise somebody by saying of all the people i met for the book he was the one i felt the most sorry for beauty grew up in laredo on

i am also a swiss citizen in switzerland legalize heroin. this is really shocking because switzerland is really a right-wing country. when i was talking to someone about the war on drugs. he said i know we should do about the war on drugs. we should -- is that we are book is about? if you are a heroin addict you go to a doctor in the doctor will refer to the clinic and did not clinic you can go wherever you want to go and they will give you heroin. they will give you of whatever doesn't care when you asked for and you can't take it out with you but you can be given at there. one was unexpected. so they could carry on for as long as they want with a heroin and she's like yeah but the fascinating thing is almost everyone because their life stabilizes with the chaos of street is having to scramble for street use and all the prostitution most of them start to get their life together. they get jobs and they choose to reduce the heroin because their reality gets better. they choose to stay in reality longer and 70% of swiss people voted to keep th

and, you know, 70% of swiss people voted to keep that policy twice partly because there's so much less street crime. street prostitution ended. there's much less mugging much less violence. so yeah, should we get to the next? great, thank you. can we take a woman? do you mind -- sorry, i promise we'll come to you. thank you. hello. >> [inaudible] so i work for a provider agency that does community-based alternatives for kids in juvenile detention. we use a wrap around advocacy approach which is all about connection, so you're helping to impose peace is why i'm hear -- here today. it really resonated with us. last week i was in pennsylvania in harrisburg talking to a legislator that clearly was like, you know, people are addicts, they make those choices, we have to punish them. is so what is a narrative we can use those of us who are experienced that tell us what you're saying in your week that we could use for naysayers who are in positions of authority and power to actually make those changes? if it's fluffy or, you know feel good or you want to hug a thug kind of thing which i think

the journalists the swiss government, the international community, the ngo community and industry came together to create code of conduct or private security providers and are critical of the. i would like you to itemize sort of what problems you have with this document and the associations that have been created to enforce and create standards and guidelines. >> that's great. so the international code of conduct is something i was involved in. i think it's a great start. i don't think it's regulation. basically the way it works it's a club at if you're a company that you want to be seen as a great a company, best-of-breed, you would sign up and you have to be vetted and get a certificate, certificate of health and healthy they would introduce your teacher clients. at the end of the day there's no coercion. the worst of the international code to do is take you out of the club and that doesn't really come to me that's not regulation that's not the worst of enough. i think it's a magnificent beginning and it could be a future framework but it's not like the laws of armed conflict. >> i'm

the swiss government the international committee the in joke energy and came together strict code of conduct for privacy providers and you're critical of the. i would like you to item i sort of what problems you have with this document and the association for the been created to enforce it. >> so the international code of conduct is something i was involved in in early, similar to the montreux document. i think it's a great start. i don't think it's regulation but basically the weight in works is a club. if you're a company and you want to be seen as a great a company best of breed them you up and you would have to be vetted and to get a certificate, a certificate of health and hopefully they were entered issue or teacher clients. at the end of david snow coercion. the worst the international code to do is kick you out of the club. that doesn't really come to me that's not regulation. that's not course of enough. i think it's a magnificent beginning and it could be a future framework but it's not sort of like the rome statute and law of armed conflict. >> i'm dan whitman with the ame

the swiss government international community the ngo community and industry came together to create code of conduct for private security providers and you are critical and i would like you to itemize what problems you have with this document and the associations creating standards and guidelines? >> the international code of conduct for something i was involved in with the montreux document. i think it's a great start. i don't think its regulation. basically the way it works, it's a club and if you are a company and you want to be seen as a grade a company best of breed you up and you would have to be vetted and you get a certificate of health. hopefully they would introduce your get you clients but at the end of the day there is no coercion. the worst international code could do is to kick you out of the club and to me that's not regulation. so i think it's a magnificent beginning and it could be a future framework but it's not like laws of armed conflict. >> i am dan whitman with american university. you mentioned multilateral organizations and countries like nigeria don't think i've h

his mother is black, his father swiss. their marriage once illegal during apartheid. >> i don't care, i don't care! i want a white man. crazy, my mom, crazy, you know and my dad was like, you know how the swiss love chocolate, solo he was... >> reporter: the racial tensions of south africa infuse him with humor, so do his soweto roots where he was raised by his grandmother francis. s she told us he was always getting into trouble. >> such a beautiful love and bond for each other. we just have this thing. ever since she hit me. >> reporter: 13 years ago his agent says that noah walked into her office as a teenager with big dreams. >> he was full of pimples. i said to him, what must i do about these pimples, darling? i think probably his first comedy routine was inspired by me. >> you can call it that. >> reporter: noah's irreverent style of humor caught up with him after he was named the new host of "the daily show." a handful of his tweets have been criticized as anti-semitic and sexist. but he's always shown scant p regar

his mother a black, his father a swiss, their marriage once illegal during a partied. >> i don't care, i don't care. come tell me. i want your white man. crazy mama, crazy. my dad, you know how the swiss love chocolates, so he was -- >> reporter: the racial tensions of africa infused his humor. so do his roots where he was raised by his grandmother frances. she told us he was always getting into trouble. >> and her and i, man, ah, we have such a beautiful bond and love for each other. we have this thing ever since she hit me. >> come and full of life. come and catch me. beat me again. i didn't even feel it, you know. and then what do you do? you must laugh really. that's trevor. >> reporter: 13 years aeld his ss ago his agent said that noah walked into her office as a teenager with big dreams. >> he was full of pimples and said what to do with these pimples, darling. i think i was his first comedy routine. >> reporter: noah's irreverent style of humor caught up with him when he was called the head of the new "daily show." a handful of tweets have been criticized as anti-semitic and se

. >> scott meyer is ceo of a swiss company that caters to the elite. >> all of this wood train was selected by the customer. >> really? >> and it comes from the same tree and it is microsliced and they will pick their trees. >> i had trees come out of the bottom of the amazon 100 years old and if you run out of wood in the middle of the job. >> that's it. >> you are done. >> you to start over. >> there are master craftsmen, most of the special trimmings are done on sight, there is even a selection of fine leather for the upholstery. >> all of these are hand stitched. >> if you feel it, it is very soft. >> project manager richard by field oversees it all. >> anything goes, at any price. >> there is nothing we can't do. >> nothing you can't do. >> nothing. >> as long as you are willing to cut the check we can do anything you want. >> the sky is the limit? >> the sky is the limit. >> and the sky is where the wealthiest have set their sights for decades. >> today with almost 2000, billionaires the world over, why fly commercial? >> but don't take our word for it. >> what is your favorite thing

when asked why they're so happy, swiss people couldn't answer because their hands were counting money and their mouths were full of chocolate. [ laughter ] >> that makes you happy. >> it does make you happy. >>> and there was an emotional reunion between a retired police officer and a newborn he found behind say dumpster 25 years ago. robert barton grew up and recently called police to catch up with his hero. >> if he didn't find me i want to meet the man who found me first. >> we spoke four hours, right? >> martin says he forgives the birth mother who left him in 1989 and would like to meet her. california adopted the safe sur is render laws at places like firestations. >> the police officer said he always wondered what happened to that little boy and how he was doing. to see him grow up and be such a good kid made him feel good. >> and people always want to know their parents. >> that is true. >>> that does it for us. be sure to tune into the cbs evening news with scott pelley. you can watch our digital network by logging into cbsnews.com. we'll see you tomorrow. >> it was a great s

wv the point of snow in the swiss alps. great for snowboarders and skiers. they got so used to that summer weather. in fact, it felt like the middle of august and july in london. >> there you go. the skiers can enjoy that last burst. >> i will head straight from london to the mountains because i love snowboarding so much. >> i don't mind skiing myself. thanks so much. >>> well, it was a double surprise for the friends and family of one florida couple. >> oh! oh, my gosh. >> oh, that's crazy. >> you're kidding me! >> coming up, the big reveal that shocked their loved ones. bring us your baffling. bring us your audacious. we want your sticky notes, sketchbooks, and scribbles. let's pin 'em to the wall. kick 'em around. kick 'em around, see what happens. because we're in the how-do-i-get-this-startup- off-the-ground business. the taking-your-business- global-business. we're in the problem-solving business. 400,000 people - ready to help you solve problems while they're still called opportunities. from figuring it out to getting it done, we're here to help. man

is dad is a white swiss-german. mixed unions weren't allowed under the old apartheid policy. >> so they had me which was illegal so i was born a crime. [ laughter ] >> reporter: it's far from criminal, but within 24 hours of being named noah was in hot water over old tweets. some jews were upset over tweets like south africa cans know how to recycle like israel know house to be peaceful. and his weight jokes didn't go over big in some circles. noah responded to the backlash, where else on twitter, to reduce my views to a handful of jokes that didn't land is not a true reflection of my character nor my evolution as a comedian. he's joked about americans. >> don't know much about africa as a whole. most don't know much about anything. >> reporter: and when he did three segments on "the daily show" recently laughter was underwhelming. reaction to word that he'd been named host ranged from trevor noah kind of smokin' hot to excellent dimples, to so they couldn't find an american to do the job, that's friday sad. and acc

. >> so you have a knife in your pocket people carry swiss army knife, that's a reason to stop somebody? >> no let's assume -- >> along with the other reasons. >> let's say they didn't see it ahead of time. it's in a crime-ridden area. >> known to police. >> it would have been a constitutional stop. >> let's make something clear. everybody is talking about probable cause. you don't need probable cause to make a stop. you need reasonable suspicion. you need probable cause to make an arrest. >> what is reasonable suspicion? let's back up. >> reasonable suspicion means like a drug-prone location known narcotics dealer. >> you look like you're doing something. >> and the police officers need to articulate this when they make stops. >> you know i was talking to laverne morris actor. he grew up on the south side of chicago. i was talking about, what did your mom tell you? a lot of these incidents we've been talking about in which these young men in most cases are running. he said to me you know what when i grew up i was taught to run away from police. that my likelihood of survival was better

though it's hard to tell given what a pontiff wears or it's the vatican swiss guards vertical stripes that make the pope look bigger. he got advice from a spaghetti-eating father dolan. >> holy father, you said you always listen to your cardinals listen to me. get a new doctor. >> the italian press agency reports doctors want the pope to east pasta just two days per week and is it okay for him to eat pizza delivered to his popemobile this after francis said he missed stepping out unrecognized to get pizza. >> this is a pope who has been immortalized in cake immortalized in chocolate? who knew chocolate could look so slimming? the pope is said to suffer from lower back pain and sciatica conditions worsened by weight. the vatican had no comment. unofficially we hear that the pope's doctors denied talking to the press. still, size doesn't stop the pontiff from being a nun-magnet. they are going to eat him alive, commented the cardinal. a weight loss clinic director once held a five-pound model of fat to make a point about pasta. >> do you like it enough to wear it? >> this pope could wea

. >> det ready for a swiss kick in the fannie, fannie and freddie could get more taxpayer -- they are backing loans with as little as 3% down. isn't that what started the last crisis. you argue they are bound to be repeat ?d. >> here we go again. there is a risk that fannie mae or freddie mac could have the need to draw on a credit line they have with the treasury department. diferdifference this time it is by design, part of a do-or-die gamble by officials too compel congress to act. neil: what do they have now? since the crisis, they were left out of dodd-frank the law. how have fannie and freddie fared since? >> remarkably. there is a combination of things. their natural ability to make profits, 5 trillion, book a business tweets to their guarantee fees or insurance premiums it bears out to big numbers, they made about 132 billion in 2013, they paid back full amount that government lent them they are up about 40 billion from amount they borrowed. a remarkable turn but you can't have that luck forever their earnings are moderateing, the big deal, of this new chattedder newer -- chat

>> the same tax that republicans are trying to put into swiss cheese tax holes for businesses. it's not for the real people. neil: maybe you'll answer this. who pays for this? >> we pay for it. the small business owner. the average americans. we pay for it. money has to come from somewhere. doesn't fall out of trees. what happens with this entitlement programs, the deficit accelerates we're diverting necessary for ourselves the private sector that would get this economy going. all this rah-rah about this recovery, you know what, it's not a recovery. i wouldn't be surprised to see us slip back into a recession because of what's going on. neil: you have to start saying, we will also comprise on the credits we like. and the things we give to oil companies and banks. >> that's how we get the complicated tax code to begin with. look profits are high. people's productivity have never been higher. their prosperity is not gaining. profit is at record highs. neil: are you saying this recovery -- >> the company has paid several federal income tax. neil: you know what's amazing to me all

craig smith thank you for coming, swiss america trading chair, good to see you. >> thank you, david. david: what the tech? nasa says we could be making new out-of-this-world friends sooner than you think. >>> the media mogul, i love that picture what many are calling a media bundle. can stuff like this help rand paul? >> before we go through a litany of things you say i've changed on why don't you ask me a question have i changed my opinion. that would be a better way to approach an interview. no, no you editorialized. good. very good. you see something moving off the shelves and your first thought is to investigate the company. you are type e*. yes, investment opportunities can be anywhere... or not. but you know the difference. e*trade's bar code scanner. shorten the distance between intuition and action. e*trade opportunity is everywhere. ónóv . >> and you once offered to drastically -- >> wait, wait before we go -- before we go there [ inaudible ] >> now you want to increase it. i wonder if you mellowed out. >> why don't you let me explain instead of talking over me okay? david

if you think about the entire swiss watch market is $30 billion. that's how much apple made just on the ipad in 2014. it's not big enough for apple. what is big enough is when they get through this devition when they get ax ses to the payment market and if consumers adopt this as a payment device it's a very big market for apple and apple needs a big market in order to move their top line growth. >> as a committed nonwatch guy, i have a question for the two gentlemen which is what about the battery life? the very thought of having to charge your watch, there's a contradiction there. the whole idea of a watch is you forget about it. you don't think about it unless you need to take -- >> exactly. >> are people going to air about charging the phone? charging the watch? >> right on. i think you have to understand that apple is trying to be amazing right now. apple doesn't have to be amazing. apple is amazing. every device is amazing. apple needs to be useful. when they launched the ipod they launched a new way of managing your music and your library an