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tv   Risk and Reward With Deidre Bolton  FOX Business  October 21, 2015 5:00pm-6:01pm EDT

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>> right, right. david: might have to change the name to marty mcstocks if he invested in these. 41,000, 46,000%. the lowest was nine thousand%. >> there you go. we don't have the hoverboard or automatic tie sneakers. the technology is there. david: risk and reward starts right now. -- "risk & reward." deirdre: two exclusive conversations coming your way. almost 40% stock price at its worst for pharmaceutical company valley ant. one research company accuses it of fraud. the stock is listed on new york stock exchange. we'll ask the nasdaq president how the exchange would handle the same case. sony paying $8 million to settle a lawsuit brought by employees for identity theft after a hack attack last year. sony's ceo and president joins me exclusively later in the hour. welcome to "risk & reward," i'm deirdre bolton. from the rose garden at the white house, vice president joe biden surprises everyone and
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says he is not running. >> as my family and i have worked through the grieving process, i've said all along what i've said time and again to others. that it may very well be that process bip the time we get through it, closes the window on mounting a realistic campaign for president. that might close. i have concluded it has closed. deirdre: republican conference chairman, senator john thune with me now. senator, thanks so much for the time. it would have been, as you well know, biden's third run but declined but he also said i will not be silenced and laid out more or less a to-do list. so is he really out? >> i think he is, and i think as
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he correctly pointed out the window is starting to close. and i respect his decision. i think, deirdre, it doesn't really change the contours of the race on the democratic side. i think it was hillary's to lose. i still think it is hillary's to lose. i'm look competitive campaign where i hope we can have a great contrast of ideas. i'm looking forward to electing republican president that will work with us to help solve problems we've been putting off way too long. deirdre: democratic strategists tell us they see this potential weakness just that reason you mentioned there, this idea that the conversations get a little bit, well, less interesting but i want to ask you about something else because senate democrats are blocking a republican-backed bill that would crack down on so-called sanctuary cities by threatening to withhold funds to local governments that do not cooperate with federal immigration officials. one senator goes as far to blame donald trump. >> the republican leading in the
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polls actually launched his presidential candidacy by attacking immigrants, saying, and i quote, they're bringing drugs, they're bringing crime, they're rapists. please. please. spare me that anti-immigrant rhetoric has made its way to the senate floor courtesy of donald trump and some republicans eager to capitalize on this rhetoric for their own political gain. deirdre: so, senator, what is the next best step? i mean the u.s. senate is going to take up some of donald trump's policies? >> no, that is not it at all, deirdre. this is a very common-sense approach to trying to protect american families and communities. it really, it has been around for a long time but of course the kate steinle incident last summer i think shown a light on this problem and that is that there are 340 local jurisdictions -- deirdre: senator, i don't mean to cut you off, to bring everybody who doesn't remember
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this beautiful young girl who everybody said was helpful to this community, was this model citizen was murdered by someone who turned out to be an illegal immigrant and broken u.s. laws numerous times. >> right. seven convictions of felonies and deported five different times. kept coming in. what is happening you have a lot of local communities that are discouraged or don't work with federal immigration officials. as a consequence of that, we have about a thousand alien criminals that are hitting the streets every single month. so kate steinle is not an isolated incident. there are examples of this that are happening all the time. it is making our streets less safe, more dangerous, for families in this country. has nothing to do with donald trump. it has everything to do with sound policy that protects people in this country from people who have committed crimes and are in the country illegally. deirdre: so senator thune, the best thing that can happen on capitol hill is what? >> well, the best thing that can happen is we persuade a few
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democrats this is really something they ought to be for and i hope the american people will make that abundantly clear to them. we failed on procedural vote yesterday. we had two democrats voted with us. we need six in order to get requisite number of votes to even get on the bill. this was a motion to proceed to the bill. we didn't even get on it. we didn't have vote on policy itself. this was simply opportunity for us to debate it. they blocked that procedurally. this is, just politics of obstruction on the part of the democrats in the senate and they need to come to their senses and realize that they need to work with us on something that really is a common sense policy so i hope the american people will engage in the debate and make that very clear to democrats in the senate. deirdre: senator thune, we wanted to hear your voice on the subject. thank you so much for the time. glad to have you. >> thank you, deirdre. deirdre: senator john thune, likewise, from capitol hill. vice president joe biden may not be running for president, but his speech, listen here, could have been mistaken for a campaign launch.
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>> but while i will not be a candidate, i will not be silent. the middle class will never have a fighting chance in this country, as long as just 700 families, the wealthiest families control the process. we need to commit to 16 years of free public education for all our children. we need as the president proposed to triple the child care tax credit by limiting the deductions in the tax code to 28% of income. we need a moon shot in this country to cure cancer. we need to keep moving forward in the arc of this nation towards justice. deirdre: our political panel with me now, democratic strategist simon rosenberg. republican strategist, lisa booth. >> hi, deirdre. deirdre: what do you think, i will start with you, simon. does biden's speech sound like a campaign pitch? is he trying to help hillary? what is going on here? >> look this guy has been in the business for a long time. i mean he was elected to the senate when he was 30 years old.
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in many ways this is the closing of a very long and very successful political career. i'm sure this is really tough decision for him. very view vice presidents served two terms don't go on to run for the presidency. i think he wanted to make it clear there are things he would still be fighting for and passionate about. while he wasn't running, he wasn't going away. deirdre: lisa, what is your take? what does this mean as far as presidential race goes? >> i think it means that hillary clinton is going to be the crowned democrat nominee. with joe biden not running she doesn't face any opposition. bernie sanders will hit a sealing with his support. ultimately hillary clinton will be the nominee. i think what we heard today, which i think will be problematic for democrats and republicans should do, should be pointing out, some of the economic policies he mentioned, some economic policies we've heard bernie sanders and hillary clinton mention in the democrat debate we simply can't afford. "wall street journal" estimated
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that bernie sanders policy proposes will cost this country $18 trillion, more than doubling our national debt. hillary clinton's policies put forward this country, $510 billion next 10 years. middle-class families he wants to talk wanting to help they are worse under p.m. since he took office. republicans have the opportunity to capitalize off some of these economic failures we've seen under joe biden and hillary clinton would just continue. deirdre: all right, now, speaking of voters choices, another hillary calling republicans the enemy. vice president joe biden again saying, they are not the enemy. >> you've all made a few people upset over your political careers. which enemy are you most proud of? >> in addition to the nra, health insurance companies, the drug companies, the iranians. [laughing] probably the republicans. [cheers and applause]
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>> i don't believe like some do that it is naive to talk to republicans. i don't think we should look at republicans as our enemies. they are are our opposition. they're not our enemies. deirdre: lisa, you said that joe biden is correct to point out what should be a spirit of togetherness. is it just easier for him because he was on the fence more than she was? >> no, i mean i think this just comes down to why joe biden is just more likeable than hillary clinton. i mean the likability factor is something that hillary clinton has long struggled with. if you remember during the 2008 debate i believe it was an abc debate in new hampshire, something the moderator questioned her on. this comes down to the difference in likability between the two candidates. i also think that hillary clinton attacking the nra, attacking gun owners, which columbia university found is one in every three americans, could come become to bite her. let's face it she has gone to the left on almost every issue
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to try to get out in front of bernie sanders on some of these leftist policies. i think that will come back to really hurt her in the general election. deirdre: simon, as far as your take, what about any wildcards? what about former new york city mayor michael bloomberg? some in the business community putting his name forward even though he has been clear saying i will never do it? >> i don't think there is any room for third party candidate at this point in the race. i think that if you, hillary, i just want to agree with my colleague here, hillary is in very commanding position now. she was already gaining ground. benghazi committee blew up in front of our eyes. she, sanders is starting to fade. she is going to be, in a week from now, she will be the strongest candidate in either of the two parties in terms of them winning the nomination. i think the democratic party will unify. i think pretty quickly around her, bringing unified party to the fore next year. it will make the democratic party very strong going into all important election next year.
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the contrast to that is very divided republican party, right? >> let's be clear about something. hillary clinton is in good position for her primary but not in good position for her general election. she continues to bleed support among essentially every demographic. she is facing federal investigation by the fbi. and quite frankly the benghazi committee has not 'em employeded by any means because the -- imploded. what the house is doing is body of congress is investigative body, getting to the bottom of the fact we lost four americans, simon. quite frankly i find it despicable that democrats don't have the same desire to get to the bottom of what happened because we know for a fact that the state department knew that something like this could have happened. there was an attack prior to that september 11th, 2012 attack and state department did nothing under hillary clinton's watch. >> george bush did nothing to stop 9/11. we could have the debates forever. politics of benghazi committee blown up for the republican.
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>> democrats are only one -- >> you have interrupted me twice. you interrupted me twice. the point, a week from now i come back on the show i promise you hillary will be far ahead of many of her republican competitors. >> in primarily election. >> no, no. in the general election. deirdre: more than a year to go for the big one. simon we'll talking to you then numerous times. >> i will be happy to get back interrupted many times. >> democrats only ones making it political for benghazi committee. >> thank you so much. deirdre: ferrari shares up on first day of new york stock exchange, at one point about the 17% above the ipo. and did nasdaq miss out? the president will be joining me exclusively on that topic, numerous others later in the show. sony paying the price, coughing up over $8 million to settle hacking damages with its employees. the ceo joining me later. it is an interview you do not want to miss. first though, sources telling fox business that foreign telecom companies may have breached hillary clinton's
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personal email. we'll tell you more about that. the congressman who says if she wins the election, he will have her impeached. stay with us. you both have a
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switch to liberty mutual and you could save up to $509 call today at see car insurance in a whole new light. liberty mutual insurance. deirdre: justice department officials telling fox business that foreign telecom companies may have breached hillary clinton's personal emails and personal server while she was overseas as secretary of state. liz macdonald broke the story. she is with me now with these exclusive details. first of all this is great reporting. working on it for a long time. what do you learn? reporter: here is the fear and this is the line of investigation that they are, we're hearing that they're pursuing. in talking to people close to the matter at the justice department, there is fear when
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hillary clinton was using her personal devices overseas, that if she was emailing off of that personal device into her home server which did not have security safeguards they should have, that these emails first are picked up by a foreign telecom. in other words that the country she is visiting. the telecom routes it book to her home server. the people close to the matter are looking into whether or not the emails that were hacked by the foreign telecom worker. china is high on the list. deirdre: i was going to ask you, which countries seem to have at least these vulnerabilities? reporter. right. so here is the thing. cyber researchers are saying there is gap from march 2009 to june of 2009. that three month gap pertains to home server not having layer of security called a digital transcript. that authenticates you are
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hillary clinton and person you're emailing to is a real person. so it is a way of web legitimacy. now justice department officials used term, reckless, stunning, unbelievable in discussing this controversy and they also said this debate what was classified and unclassified in terms of her emails, all of her emails are considered classified because she is secretary of state and a former first lady. deirdre: oh, emac, thank you very much. tomorrow we'll get a lot more about benghazi. thank you very much, elizabeth macdonald joining me there. our next guest says hillary clinton's tech mistakes put the nation at risk. he says if she wins the presidential election he will move to have her impeached. republican alabama congressman mo brooks is with me now. congressman, glad to have you here. she hasn't even been nominated of course by the party. we assume she is the front-runner. she looks like the front-runner. what would you do -- let's say she wins.
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you would move right away? >> actually the information you have is totally erroneous. i never said i would impeach hillary clinton or move to impeach hillary clinton. if you look at all my comments as oppose news media which puts out headlines and sense saying alizeing often in error as they try to grab attention you see those kind of things are different from my actual remarks. what i have said, what hillary clinton has done with respect to classified documents, top secret documents, secret documents is very serious and in fact, those kinds of acts on hillary clinton's part constitute the kinds of high crimes and misdemeanors that could subject her to impeachment come january of 2017 if she was to be elected president and sworn into office. i did that in order to emphasize the serious of the matter, when someone mishandles classified documents it can put americans at risk. however, having used that example that caused a lot of news people in the news media
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that i will file articles of i will peach impeachment which i would never do. deirdre: it is your language, what you she committed would be impeachable offense i take your point. >> it is impeachable offense. it is high crime and misdemeanor. look it up in the united states code. there are statutes designed to protect the classified documents understanding that national security issues are in place. quite clear at this point on evidence already come forth in the pu clinton mishandled classified documents which means she violated those federal statutes and i'm a from a community with redstone arsenal which deals in a lot of classified information. everyone i talked to associated with redstone arsenal, on government side or private contractor side, if they had done what hillary clinton had been done, would have been fired probably on the spot and subject to criminal prosecution. good example on double-standard side, look what was done to general petraeus for a much lesser offense.
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deirdre: let me ask you, switching gears but staying within the realm of politics, congressman paul ryan requires full support of republicans to run for speaker. you met with him today but as member of freedom caucus what was your takeaway with your time to him? >> the freedom caucus as preface requires 80% vote before the caucus agrees on anything. we like daniel webster, former speaker of the house of state of florida and job he did with the state of florida. the freedom caucus reached the 80% threshold vote level and endorsed daniel webster based on his experience as house speaker. if we want to consider other candidates for house speaker who don't have the kind of experience that daniel webster offers, good experience i might add if you asked people who served in the florida house of representatives or who are familiar with the up tick and reputation of the florida legislature after daniel webster instituted process changes that made the whole legislature work
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a whole lot better, we like daniel webster and it will be difficult to now get an 80% vote to flip from daniel webster to paul ryan, particularly since paul ryan said he is not sure he wants the job. deirdre: congressman, taking that as a no. thank you for your time. >> thank you. deirdre: congressman mo brooks from capitol hill. when we come back, new developments with the cia director personal email hack. wikileaks releasing some of his personal emails. my next guest says this hurts national security. we'll show you the emails. you can judge for yourself. sony, speaking of hacks, paying up big time for the hack attack. sony will pay $8 million to settle with its employees. the ceo and president joining me exclusive think hour. ♪
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>> as we've been reporting the cia director's personal e-mail account was hacked by a teen. wikileaks tweeted this, the anti-secrecy organization. we have obtained the content of john brennan e-mail account and will be releasing it shortly. peter barnes, i understand there are six e-mails out there, personal or draft versions, but there is advice and policy position mentioned. peter: and wh wikileaks have those, teens claimed they broke into the private aol report. nothing on the wicky -- wiki are from 2007-2008 when
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brennan was working at a private consultant's firm and starting to sign onto the obama campaign as a security advisor. there is a draft of a position paper from july of 2007, intelligence to meet the challenges of the 21st century and then there is this paper from november 2007 on the conundrum of iran, but it turns out this one had actually been previously released and published. earlier this week, the hacker published 2600 e-mail contacts from brennan claiming they were obtained from the hack. and brennan used this private e-mail for a range of communications from pottery barn in communicating-- purchases to communicating with top intelligence officials privately. deirdre: wow, the last one is the issue of peter barnes, and
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they'll release these, and to what will this affect national security. we don't care about pottery barn, but security we care about. >> it's a nuisance attack, the reality in 2015. that's our federal government and the governments in general the world over, they just lack both the adaptive neness 0 and e the-- there's an old social dictum. the old general isn't doing anything he wouldn't do in public. we need to adapt that,s cia president, the guy down the street. don't put anything in the account or anything in the message that you don't want the public to see, because it will come out. deirdre: that's good advice, as
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you say. that's traditional and needs to be reheeded. >> a little reticence wouldn't be bad for our society. deirdre: it's hard for the selfie generation. for every selfie pic, somebody should have to read ten books. and this is the known trip abroad sense the civil bar basically started and that was the strongest ally, russian leader vladimir putin, rather. so, this shows numerous concerning, including money and pledges of support between the two countries. how do you see this developing? and please give us some sort of ray of light here. >> well, the ray of light, i'm not sure i can do that. deirdre, this is a huge propaganda win for putin and for president assad. the first time we know of that
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assad has left the country in over four years. he may have made some secret trips to tehran, but nonetheless, this is the loudest secret trip in history, i think. putin is sending the message, i'm the new go-to guy for the middle east, you want to deal in the middle east, you deal with me and sending the message, unlike the united states, we don't turn away from our allies, we stand by them with military might if necessary and the whole narrative in the russian media which i love, it's hilarious, putin is defending civilization and taking on the islamic state while the united states and the west does nothing. a huge propaganda win for putin and again, we don't know how to respo respond. deirdre: well, we have he a-- we've seen that clear and front. thank you for your time. >> thank you, deirdre. deirdre: and the north korea hack attack, more than $8 million to settle with employees.
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the ceo and president joining knee exclusively later in the show. first donald trump telling fox business that he's getting out of stocks. we'll ask the nasdaq president what she thinks. she's with us next. >> i sold it in january and the reason i did is i have so little confidence in our government. that's why i sold it. >> because you don't have confidence in the government? >> because i don't have confidence in our government, the people running our government. i don't have confidence in them and that's why i sold the stock. so what's your news? i got a job!
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>> car sharing service, uber, five years old, valued at $50 billion. the ceo says it's not close to bringing the company public. he said, we're in junior high. someone is telling us we need to go to the prom, but it's a little early. give us a few years, give us a little time. with me now is someone who knows all about taking the company public. the president of the nasdaq and great to see you. >> thanks so much for having me. deirdre: uber ceo told the conference, times have changed, there's a lot of money in the private market, some companies don't need to go public. how did that change your strategy for nasdaq's listing business? >> sure, when we look at the relationship with companies, we want to make sure that they feel comfortable with us as a partner and as a private company and as well as a public
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company. there are many companies staying private longer when they come to the market, they're ready to be a public company, the scrutiny as well as being a public company. we have something called the nasdaq private market and we help companies do private liquidity events and manage their equity tables until they're ready to go public. deirdre: and it's on board, and some say that facebook mark zuckerberg to push it to be public. and once it's public, is it misery loves company? do you think that the process has discouraged some founders from going public? do you think that the younger generation of founders feel disillusioned? >> i think it's different. i think they realize there's a lot of responsibilities with being a public company. once you sell to other shareholders, you're inviting them in to be your owners.
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once they're your owners you have a responsibility to make sure you're disclosing the information that you need to know and that you're doing disclosures on a basis and make sure they feel confidence in your company. that causes a lot of process and change. i say going from a private company to a public company going from a country road to a four-lane highway. you can do it when you have your lerner's permit or once you have your driver's license with hours behind you. and companies would stay private longer and when they're public they have that driver's license. deirdre: and in the private market you're preparing them they're not getting on a four lane highway on a moped. >> that's right. deirdre: speaking of integrity, whether you're doing business privately or publicly, integrity is a big issue. we've been talking about hacking. dow jones got hacked. how does the nasdaq protect itself? how many times a day does your
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security team tell you we're fending off the attempts? >> we're constantly vigilent within nasdaq and it starts at the top and goes down to the organization. so it's not just your i.t. team that has to be vigilent around i.t. security. the entire company needs to be educated and aware of the risks that could come into the company, but, of course, our information security team is incredibly vigilent. we have vigilance and we lever the community around us, and when they work with infrastructure players, and key peers that are on a similar risk. and we lever the best technology available to make sure that our systems are secure. we're not only doing that for oursel our community of issuers. so we launched a program called point that looks at corporate threats that are here today, as well as that could come down in the future, and in the light of information security months, our first module of that is
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going to be around information security. deirdre: do you see as time goes on, now versus a year ago. do you see more threats visible? >> i think certainly you're seeing more things go on in the marketplace and i think the key is to stay completely vigilent and use every technology available to you. there are a lot of great technologies out there. so our view is that's the best way to protect yourself. deirdre: your new service part of that. some question the integrity, and real estate mogul donald trump saying he sold most of his stocks. >> i sold it in january. the reason i did, i have so little confidence in our government, that's why i sold it. >> because you don't have confidence in the government? >> because i don't have confidence in the government, the people that are running our government, i don't have confidence in them and that's why i sold the stock. deirdre: do you make a connection between our government and the stock market? >> i think everything is interrelated so, the government sets the tone and sets
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regulation, also sets the financial direction of an economy. but then the companies themselves, obviously, need to be able to maneuver and navigate through that environment and be successful. so i think it's a combination of a lot of stuff. deirdre: speaking of politics, as a business person, what's the number one piece of advice you would give to the next president, whether it's trump or someone else? >> i would love to have the opportunity to do that, but i would say when i look what really drives our company forward, it's entrepreneurship and small businesses. and it's critical that the government, no matter who the administration is, continue to support and promote small businesses and that's not just one policy, that includes tax policy, employment policies, the regulatory environment they have to navigate through as well as the jobs act that allows them to navigate through the private market and facilitate them going public. there are a lot of things that promotes entrepreneurship. deirdre: i hope you have that chance.
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dana freeman, the president of nasdaq joining us there. when we come back, billionaire presidential candidate donald trump you just heard it, telling fox business that he sold his stock. and first though, sony president talking to me exclusively about the $8 million hack settlement. how much it hurt their business and his way forward for the future.
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>> sony announcing today, we'll settle a lawsuit for identity theft with its employees. $8 million, the amount of information that was stolen from sony. the largest amount from any corporation. the president and ceo talked to me about that famous hack and the future of the company. >> you have this big job, sony
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logging unprofitable for a decade, some people call it a lost decade and now, under the restructuring plan sony may eke out a profit for the first time in ten years. does it seem attainable to you from where you stand today? >> well, i became ceo three and a half years ago and we've taken aggressive steps to restructure the organization and get out profitable businesses and turn the businesses around category by category. as a matter of fact, for example, the tv business we were unprofitable for the last ten years we were able to turn around the last fiscal year so a lot of restructuring and things that we put in place the last three years have really started to bear fruit and i think the sony organization just overall is headed in the right direction. deirdre: i know your mission is to overhaul this into a more profitable company. is it fair to say that movies, and all of these are at the top
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of the resource of the food chain? tv's will be spun out or sold off when you can cut them or rr reorganize them? >> so, let me address the second point first. we're not selling off our tv business or smartphone business. our tv business is a fully owned subsidiary. we were able to turn the tv business around the last fiscal year. we're well on our way to doing restructuring, turning the smartphone business to profitable this fiscal year and next fiscal year and beyond. as you mentioned, the growth areas by sony are driven by our entertainment businesses, and our video game business so that point that you mentioned is absolutely the important pillars, if you will, for sony's growth going forward. deirdre: okay. speaking of the gaming and i know you have particular area of expertise in this. how do you think sony is going
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to compete with nintendo, xbox, and this holiday seen? >> i think the playstation four console vis-a-vis the competitors, in japan and elsewhere, we're confident about being able to keep our leadership position with playstation 4 in all those territories and we have a lot of great games that are coming up between now and the end of the year a certainly beyond that, which promises very well forward the console. not to mention the fact that we're talking our foray into virtual reality with places in vr coming out next year. deirdre: i heard you talk about virtual reality. do you see any kind of application for this technology, whether it's in gaming, but i'm more interested in beyond. when you see some of the products that you're pitched, you have a large vision. do you see where the average person is going to be using these not just gamers? >> i think, first of all, you know, because it's coming from
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our playstation business, the video game applications are going to be first and foremost, but at the same time, there are other image related applications or entertainment content. a lot of discussions are happening with folks at sony pictures for motion picture content and if you look at other business applications, whether it's in, for example, the manufacturing field or other consumer applications, there are a lot of different areas in which the application or the technology can be used broadly. we want to make sure that we first start out with video game content and move on to movie and television content first. deirdre: the nsa director spoke out recently and said that sony did a great job handling the now infamous hack. did you ever find out if there was a disgruntled employee involved with that? >> i think that based on all the reports that we've gotten from the fbi and other authorities that, you know,
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this was not something that was perpetrated by a disgruntled employee and that in fact, it was actually an attack from a nation state and that's the information that we've gotten and i think that's the information the members of the media had as well. incidents like these are issues, unfortunately, that's a part of life, part of business going forward and whether it's sony, whether it's, you know, anybody else, it's not a question of if, but it's more a question of when. so rather than trying to stay this is never going to happen again, it's more making sure that these incidents happen, that we're able to deal with it in a proactive and a quick manner. >> before we let you go. the one surprise, the biggest element that has made you readjust in these past three years, what is it? >> you know, i think that, you know, one of the things that really inspires me is the fact that, you know, sony is a worldwide organization with more than 140,000 employees. now, we've been able to really rally around the cause of restructuring the organization
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to make it more profitable and more stronger position going forward. in the past three and a half years, it's been just a great journey in making sure that we undertake that path. deirdre: sony president and ceo joining me there. when we come back, billionaire presidential candidate donald trump told us that he sold his stock months ago. our experts tell us whether you should. you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light. liberty mutual insurance. hi, tom. hey, how's the college visit?
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>> i sold it in january and the reason i did is i have so little confidence in our government. that's why i sold it. >> because you don't have confidence in the government? >> because i don't have confidence in our government, the people running our government. i don't have confidence in them and that's why i sold the stock. deirdre: donald trump says he
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sold all his stocks because he doesn't have confidence in the government. capital managing bob rice with me now. is it smart to be all in or all out anything to begin with? >> no. not for the average investor. you don't want to make the sudden market moves in or out on a whim like that. so you want to try and find strategies that allow you to be in the market, but, look, he's got a point. the market is fully valued. there's down side risk, how can you be invested and-- >> let's say i do want to take out some of my money from the stock market. the bond market looks horrible about you-- but i want to do something, what do i do. >> mutual funds, long-short strategies. it's been around for years and it's time tested and the nice thing about this, it allows you to be in the market, in the
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stock market, if it goes up with shock absorbers, essentially, if it goes down. and you can have your cake and eat it, too. deirdre: an it costs about $1200 to be in it, that's your sort of entry point. >> this is the nice thing about it, you get access to great long-short managers, real experts and get it in in mutual funds, low denomination, liquidity. deirdre: when you have your money somewhere, td ameritrade, wherever it is time to eliminate margin debt. what is it? and why do people need to get rid of it. >> this is step one, if you want to derisk yourself. step one, if you have margin debt and you might because your stockbroker will say, hey, you can borrow against this, take out a student loan debt, take out a margin loan.
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you're borrowing against your stocks, that's dangerous, because if it starts to fall, the velocity of your losses increases rapidly and what it's likely to get stopped off. deirdre: if your broker is saying a way for your money to work harder for you. >> you've heard this guy talking, haven't you. deirdre: and we're glad you're on our side, joining me there. and when we come back, donald trump telling fox business he sold his stocks in january. you told us whether or not you're following his advice. we're going to show you some of the best responses we've gotten coming up. we ship everythi and everything we ship
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jeb bush:believes thatnt, wamerica's leadership and presence in the world is not a force for good. america has led the world and it is a more peaceful world when we're engaged the right way. we do not have to be the world's policeman. we have to be the world's leader. we have to stand for the values of freedom. who's going to take care of the christians that are being eliminated in the middle east? but for the united states, who? who's going to stand up for the dissidents inside of iran that are brutalized each and every day? but for the united states, who? who's going to take care of israel and support them - our greatest ally in the middle east? but for the united states, no one - no one is capable of doing this. the united states has the capability of doing this, and it's in our economic and national security interest that we do it. i will be that kind of president and i hope you want that kind of president
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for our country going forward. announcer: right to rise usa is responsible for the content of this message. >> khloe kardashian and lamar odom calling off their divorce proceedings after lamar's hospitalization. kardashian and odam split up in
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2014. the pro basketball player collapsed a week ago and fell into a coma a week ago in a las vegas brothel. he was transferred from a las vegas to a hospital in l.a. >> big news from the rose garden. the decision was made, and it was joe biden, he did it with flare. >> i've said time and again to others, that it may very well be that that process, by the time we get through it, closes the window on mounting a realistic campaign for president. unfortunately, i believe we're out of time. the time necessary to mount a winning campaign for the nomination. charles: that was the more subtle part of it. you just heard it, of course,

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