Quism. All that and more over the next hour but first lets get headlines from su keenan. Bill rhodes is pimco bonds 4. 2 billion. This number extends a record streak of withdrawals. The redemption that the fund with 239 billion in assets. The federal Aviation Administration is is considering a drone exemption for movie and films. They said several aerial photo and companies have asked for regulatory exemption that would allow drone usage. Krispy kreme cut its yearly rains forecast. Shares are falling. Back to you. Thank you. At itsosted businesses Worldwide DevelopersConference Today in San Francisco. Apple did not come out with any new machines but it did promote a new operating system for its Mac Computers and iphone. Yosemite andoduced a new mobile software called ios 8. It has great user features. Incredible developer features so you can expand your yourience and build apps couldnt do before. With more, lets go to cory johnson. He has been at the conference all day. Thank you for being with me. What did you take away from these new software introductions . What is the strategy behind this move . It looks to be improvements of what they do. Apple is fundamentally known for taking difficult things and making them simple. They have often succeeded at that. Has gotten more involved, the capability of the phone becomes so great, the complexity has shown up in the software and user experience. It is constant refining purposes. Stripping out some of those the hair out of this and making it more accessible. It is what we see from tried to give developers and the operation a different look as well as to create some platforms for developing devices for the home and devices to manage health. None of this is groundbreaking. It is going to be about the execution so he cannot fairly evaluate an event like this. We have seen apple try things in the cloud for years, a great failure. I think you will see a lot of press about this event today saying that they have this new great solution. There isnt a Single Person here that believes because all their prior efforts have run into big problems. Progressbout apples in making all of its devices play with each other nicely, seamlessly without any problems and maybe even having them play with android phones . That is going to be really key. We have seen spectacular growth for the iphone is in some places like the u. S. The most popular phone. The ipad as well. We have seen so much from these devices. The operability has not been great. The ability to take a picture on your phone and see is what your favorite pages on your ipad, that is one of the things they were showing off. There are family plans we can manage all the devices in a family as big as six as long as they have the same credit card. Trying to manage some of that operability might tighten the ecosystem. I understand that you have a special guest for us. Indeed. He has been following outdoor for quite a while. This is a very different Developers Conference . I wouldnt say it is. It is on par. A lot of people came in today expecting hardware, but they dont typically do that. They really focused on the software and they did some cool things. You mentioned the continuity where you can write an email on your iphone and then realize there is more you want to do so you sit down at your mac and continue composing the email. In theory, it is seamless. You have been covering apple for so long. Of all the Cloud Computing efforts they have had. People such as steve jobs have been ripped apart. Icloud, and and now none of them have been resounding successes. This is not the cloud. The continuity is not the cloud. I give them a way better than even odds to get that to work right. What they are doing with the cloud, whole filesystem we will see how that does. I think one of the other huge things that mostly to probably do not realize is the extensibility. They talked a lot about that and a lot of it was about the tools that developers would use and like a good mac conference, people jumped up and cheered when they hear about some plugin that you can add to your phone. That is just it. Oute has been so sandbox meaning that every app lives in its own space and apps cannot really talk to each other. If you have their web browser, up until now a developer cannot write something that added functionality to safari. You just lift it with whatever they put in. Extensibility means that they allow plugins so you can have things like a translator plugin inside safari. You can have all kinds of things inside safari. Maybe web plugins in mail. Their plugins where you can have a new keyboard that is just right there in all your apps. Previously, that was something apple did not allow. With a catchup game android but i think it is huge. If you look at the history of the mac and apple developments, i mentioned the stuff and i dont want to denigrate what they are doing, but i feel like a lot of this is looking back and fixing old problems. More than apple has been doing for a long time. I think so. Ios 7 was a totally new game for them. A new look. I think ios 8 is a renewed focus on ipad that ios 7 didnt do. You can fault them for going back and fixing stuff but we can also credit them for taking a look and saying, hey, here we go. This is the stuff our customers need. My favorite example was steve jobs demonstrating a new feature that would underline a misspelled word. The mac faithful crowd, your readers and the like would jump up and cheer at something that was already available in windows but they didnt know it. Factook talked about the that so many people in this competent never been here before. Did you get a sense writing that is a very different kind of crowd . It feels like the same crowd. And coming your for the past 10 years. They cannot fit all the people that want to be there. There is a natural churn. It is the luck of the draw of who comes in but it is always the same type of people the developers. Thank you very much. Thank you, cory johnson. Up, a sharp knife, powerful arms, and a strong constitution. What does it take to be a master butcher and why is demand for food and good being kosher growing . It is mystery guest monday. Time for the first clue. My mystery guest captured the worlds attention with just one shot. The Food Industry has always been looking for growth. Tyson food has set its sights on wilshire brands so what segment of the food business averages more than 10 growth over the last five years . The kosher food business. Is worth 12. 5 billion dollars each year and lets find out what makes it kosher. Albert is here. He has a gourmet in french steakhouse. Good to have you with us. Lets talk about the kosher food business. 12. 5 billion dollars, 10 growth over the last five years. What is it that makes food kosher . The quantity of the food and being it the food that is kosher there hase people hte been a demand over the past couple of years because people wanted to have kosher steaks at a fine cuisine. That is when i opened the reserve cut. What makes food kosher . There talking about industry itself there was a stamp of approval that has to be made. I am wondering how you can define that. What makes the food kosher is when the way beef is slau ghtered. It is supervised by rabbis. There is a certain way where kosher food is done. Ofyou come from a line master butchers. You and your families emigrated from damascus in syria. I come from a long line of master butchers. My family has been butchers for the past 400 years in damascus, syria. We owned and operated when the countrys most successful and respected butcher shops in syria. Moved and i started to go to high school. After graduating high school, i decided to open my own kosher butcher shop with my family. How has that been progressing . It turned out the nominal. I saw high demand for closure that people wanted. It was not being met. Did you have to study in order to become a kosher butcher . I work at a kosher butcher shop five years. With the help of my family, our family trade. What kinds of physical skills . You have to be good with a knife, able to haul meat, and withstand cold temperature. You have to be trained on how to hold a knife. How to trim the meat and look at the piece of meat and know the quality. Why did you decide to open up a restaurant in addition to selling meat to customers . Cut,ter the prime our butcher shop, i saw there kosherh demand on steakhouses and dining. There wasnt any that was using the finest quality kosher meat. We use the finest quality kosher standardshigh wherever thing is kosher from the stake to the wine. We age the meat for 36 days, that is what brings is up another not. Tch. What about the market . Isnt only people that one kosher food or people that want food that can be tracked along the supply chain . Where does all the food come from . The market has been more over more and the past five years. Over 25 of our customers at the reareve cut, ou a re nonkosher. It is highquality and healthy. Does it cost more yes. Iservising the way the meat being cut, supervising the cooking, everything is supervised from the minute you thaw it to when it is on the table. Do you want to open more restaurants . More butcher shops . Have your own line of meat . I dont have anything to share. Are you the chef at the restaurant or are you just supervising . I am the owner and operator. Thank you for being with us. He is the owner of reserved cut kosher steakhouse. It is mystery guest monday. My mystery guest is not your typical Sports Illustrated cover girl. Details ahead. This is taking stock. States that study it is projected to surpass 103 billion by 2018. A Company Called tutor doctor has said its up up the benefit. Over the past five years, the company is expanded from two countries to 15 and over 15,000 tutors. Tutor doctors Vice President of International Franchise development joins us here. Thank you for being here. How do you describe tutor doctor. It offer supplementary education services. Onetoone and at home with fully Personalized Program for each student where we tutor them work at thely and rhythm of the student which is not exactly the same as the rhythm of the class because some students can fall behind were some students are too sharp and they go head of the class and they get unmotivated. Where do the tutors get their training . We have an orientation program. Online training were troopers learn how to discover the learning style of each student and then how to work based on the specific needs. They become like many project managers and we work not only on the flavor of the homework of the day as most independent tutors work, but we plan on short, medium, and long term plans to take the students of the ultimate goal. How do you best the credentials of each of these individual tutors . How do you know that their academic rituals or the teaching ability is accurate . We have a very demanding process. Given online filter so we checked the applications online. We actually have a facetoface interview. Most of the independent tutors independent but with us, we train them on how to interview, what questions to ask. We checked the academic credentials and referrals and we get a mandatory background check. Those that have adopted this model, where do they come from . What industries and backgrounds . Most people would think they come from education. 83 of our franchisees do not come from education. They are people that want to be financially independent. They want to own their own business. They decided to join the tutor doctor as they dont need to have education background. What kind of territory would you get as a franchisee . Could you buy a geographical region . How do you know what is the best fit . We have geographical territories which have 100,000 in population. It in 15 countries. In developing countries, we may have different territory structure but that is mostly the way we upgrade. Theou describe how you vet various tutors. What about the actual tutoring sessions . Are they one to one in person or of those also online . About 92 of our service is actually face to face at the home of the student. It is important to mention that not only with children, we also teach adults and seniors. Very few companies focus on seniors. 92 is at home and the other 8 we tap into our virtual network. Can you describe the different demands for each of the Different Levels and what you are seeing in terms of what is the most popular subjects . Isit is about 85 schoolaged children and a 15 gets distributed between adults and seniors. About 85 , about 42 comes from Elementary School kids. Elementary school children. Is this designed to pass a certain test or is it to demonstrate certain types of proficiency so that they can then enter more fastpaced or more rigorous educational institutions . We work on the different objectives of each student. Sometimes we need to reveal confidence with the student. Sometimes we need to help the student not build the school year. We teach all subjects and all ages so we are going to do a consultation to cover what the student needs. We are going to the sign design a Custom Program for each student. It could be just passing the next exam. What is the cost . Typically in the United States, we charge about 55 an hour which is Premium Service at a premium price. We work on packages of hours based on the students needs. Sometimes we work at two months at 48 hours depending on the student needs. You mention you have 15,000 tutors that are part of the whole franchise business of this. Are you seeing any turnover . On many of those people leave on a regular basis to be supplemented by new tutors . We have a very good interview process so we try to seek tutors that would actually enjoy or are looking to help people. But we have a turnover, with our type of interview, we have lower turnover. Want to thank you very much for joining me. Is 26 minutes past the hour, time for on the markets. S p 500 gained about one point. S p 500 at 26 and the nasdaq falls five points. Andwon americas got talent 20s in 2007 and now is a 21 million deal. This is taking stock for monday, june 2, 2014. The s p 500 index closes at another record today rising about one point. It was not without some drama however. The institute of supply management had to issue two corrections after outside economist caught a mistake in its manufacturing data for the month of may. That economist, kenneth kim, is joining us now. Great to have you with us. Explain what is this particular number all about and what did you find when you did a little digging . Is a widely followed manufacturing survey. On theides data performance of manufacturing for a given month. Saw the original print, i thought that was shockingly weak because the consensus was looking for about 55. 5. I went on to the website and started putting in the data as i usually do into my worksheet. The numbers that i was inputting off their website was not adding up to what the report and figures were. I did double checking, triple checking to make sure that i was right, but i still thought we havent seen an error like this before in the past from the ism. I thought i was in error and there was something wrong with my spreadsheet. As i kept checking the data, the numbers still do not add up. After inputting all the unadjusted figures, i thought i would try something and i would use the judgment factors for the previous month for april as opposed to may which they shouldve been using. Spitd, the april factors out incorrect data that the ism reported and that served as a check that the ism used the incorrect adjustment factors in reporting the original pictures figures. If this can happen with the current data, does this send you back to Previous Data to do even more investigating . Unadjusted data, they do not change unless you receive more information. The ism does not revise of those unadjusted figures. The initial report stands as it is. Published itdy back in january for the full year. These are not concurrent. It does not change each month. They stay static for the 12 months of the year. These numbers will not change if done correctly. After doing it correctly, it seems as though at least from perspective, manufacturing is doing better than previously estimated. It does. The new orders and production indexes moved higher. Production moving above 60. We have had some weakness in employment, but in terms of looking at the data, the new orders i consider as the leading index for economy. I would pay more heat to have the new orders index behaves for a month on top of the other indexes. Can you come up with any idea why it took two corrections to fix the original ism report number . The first correction i guess both corrections i would say it was due to haste in trying to get the corrected date a out. They failed to double and triple check the data. I would say in a moment of haste, that is why they had to make two corrections. Thank you very much. Kenneth kim, joining us from stone and mccarthy. He caught todays error in the isms first report. And other report alleging that billionaire investor carl icahn, Phil Mickelson, and las vegas gambler Billy Walters are under investigation by u. S. Authorities for insider trading. The reports have sparked action from the legal and sports world. We have the former Security ExchangeCommission Enforcement attorney. I am glad to have you here. Do you think you can make this up or is this something that can only come from the government . How did this happen . How do you describe this . Validation or clarification that carl icahn has been circled any subpoena or any other breach by the sec. We started investigations and we always started from the bottom and work to the top. Didnt start by looking at an article in the newspaper . Maybe some cases. Where there is smoke, there is fire and you need to Pay Attention to it. That, you read a story in the newspaper about a potential or investigation that there are no named individuals and there was another story that says the Ongoing Investigation has been compromised by the leak of the information that may have been an investigation in the first place. People in the government recognize that. It is very damaging to anybody in the world, let alone a public figure, the government may be looking at your dirty laundry. They are trying to