And pete. Changes for joining us. Now the mystery is solved. We were saying to ourselves last week, two companies are raising out with curved phones and you have to ask yourself, why . Who needs a curved phone . That may not be what they are really after, right . It may be kind of a moment about trying to differentiate a little bit. There is this dual motivation here with trying to pack more pixels and more information into a small, pocketfriendly, purse heavy friendly package. One way to make the screen bigger without making it bigger. Melissa do you agree with that . Yeah, although i think curved screens are stepping stone toward fully bendable gadgets. They do have some benefits. Melissa like what . Maybe if curved holding to your face more easily, but other than that why do you care it being more curved. Lg tout that is. Melissa do you buy it . No because people dont use it as a phone that much anymore. I think benefit is more visual. Less reflect tivity on screens curved and colors pop better and get better picture. Melissa patent filing by samsung looks like a device that looks like a tablet computer with a screen that folds in half. If you have the ipad, fold it in half, i could fit it in smaller purse. All kinds of things like that. How far away are we from that. That is definite application. Can you also make the electronicses fold along wit. Melissa what is the answer . That is a few years ought too. Theyre getting smaller absolutely. Moores law and path will continue on but you have to make the electronics foldable and flexible along with the display. Melissa talk about how you get there. Start with the screen. In order for the screen to fold and bend and not rigid thing were familiar with, it has to be plastic and endure more intense heat . Has to hold up to the heat. Have to get all the electronicses cooled. Do things with polymers and ipads and polymer sensor technologies. Things are getting thinner with the new ipad air. There is no Polymer Technology that could lead the way but you have to embed the electronics in it. Melissa pete is the next big thing . Is this war were heading . Is this not the direction . Would it not shatter. One of the big problems with the glass screen, everybody drops their iphone, ipad, and their Everything Else the screen cracks. Next mediumsized thing. Melissa that is only medium, bending your phone in half and jamming it in your pocket is medium . I question how much benefit there is. Even if there is, for example, if you had a pencilsized device you could roll out the screen that would be amazing, that brings wit the issue of durability. What if this thing were scrunchedup by your kid or fold ited over too far and what happens at the seam if you told it over 180 degrees like piece of paper. Melissa right. Would it still retain the perfect image if you folded it out again. That is the big question. Melissa what is your guess on those things. Probably not so much. As they perfected technology it is inevitable in the far future. What is more interesting going on with smartphones, what apple is doing with 64 bit processing and fingerprint readers is far more melissa nobody case about that. That is not as exciting as phone that could bend and move. Some people say it could be be within the year. Sound to me for all the reasons you talked about before. You bring up interesting thing about rigidity. You could have it in the ipad and could survive drops. That flexibility has a lot of side benefits. Melissa scratches. Another huge issue this is one of the other big things came out somebody coming out with a scratch resistant technology, lg. The new selfhealing phone that promises to remove scratches like wolverine. Heals itself. Do you believe that. Sound like a lot of work with Polymer Technology. Not lot of people give credit to people doing work in Materials Science on this stuff. Melissa yeah. Not just chips and electronics but it is the materials. It is the chemistry. Melissa thats a huge deal for me it is the first thing that happens the screen gets scratched. Affects the picture. Totally irritating. Makes you feel like the phone is not that great. At the same time makes you upgrade. If you have a screen that heals itself i dont know. Durability and improves lifetime. Melissa lifetime is no good. You dont want phones to have a long life if youre planning on selling them in manufacturing. Planned obsolescence. Healing from a scratch is one thing. If it heals after i put it in the Swimming Pool or washing machine that would be much more practical measure. Melissa maybe thats next. Also there is patent out there for a company developing a wearable device for the head that can play music and take phone calls while singhed with a smartphone sinked with. What do you think about that, wearable, bendable device for the head, can play music and take phone calls . Part after longterm trend migrating from a handheld device to something always on you, persistent, go everywhere, with you constantly computing. Melissa so it is end of, what i see when i walk around this building and walk around the streets, everybody is holding their phone in front of them, typing and looking at it and holding this rigid device in their hand. Youre saying were going away from that . Have it on the hand or wrist. Would just add, exactly the benefits of bendable screens are actually going to be i think fully realized in Wearable Technology like thing you said on your head. Apply it to certain types of clothing or example, no one wants to walk around with a tv on their jacket but you know you could have indicators on a wrist device dont consume very much power and are very flexible. Melissa sounds like it could be lighter. Bendable screen. Think about it, for the screen if you getronics small enough which is possible, if you wrap it around your arm and disappear not using it and have it appear when a phone call comes in. Melissa disappear and reappear. Whole another level i love it. Oh, i cant wait. Thanks, guys, appreciate it. Good stuff. Up next the phone buses for fat cats on wall street are drying up pretty fast. At what point does it not pay to work on wall street . Well tell you how low its going to go and whether it is even still worth it. Enough of the damn media telling you what they think about the health care fiasco. Well go straight to the source. Are they buying in . Dont move. More money coming up. Er ] it s more than just a new car. More than a new interior lighting system. It is more than a hot stone massage. And more than your favorite scent infused into the cabin. It is a completely new era of innovation. And the highest expression of mercedesbenz. Introducing the 2014 sclass. The best or nothing. You really love, what would you do . [ woman ] id be a writer. [ man ] id be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] id be an architect. What if i told you someone could pay you and what if that person were you . When you think about it, isnt that what retirement should be, paying ourselves to do what we love . Customer erin swensons ordebut they didnt fit. Line customers not happy, im not happy. Sales go down, im not happy. Merch comes back, im not happy. Use ups. They make returns easy. Unhappy customer becomes happy customer. Then, repeat customer. Easy returns, im happy. Repeat customers, im happy. Sales go up, im happy. I ordered another pair. Im happy. both im happy. Im happy. Happy. Happy. Happy. Happy. Happy happy. I love logistics. train horn vo wherever our trains go, the economy comes to life. Norfolk southern. One line, infinite possibilities. Melissa when comes to work on wall street some are wondering is it even worth it . D. C. Bonuses always been of course the biggest draw. Those arent looking so money these days. Enormous government fines are taking a toll. New york post false overall bonuses are falling as much as 20 . Food news for the not good news for potential fat cats. We have the author of buy side, exposes wall street excesses. Excellent book there. Money guru and Fox News Contributor scott martin as well. This is time of the year. Everybody starts obsessing about it. Bonus time, calculating. To have one of the first headlines come out to say down 20 . Based on new york comptroller who would know because he is collecting tax revenue. He is saying looks profits are way down. He thinks profits for big banks this year will be 15 billion, versus 24 billion last year. It will cut into bonus, right . Probably. We still have the Fourth Quarter you know, but obviously everyone is looking at fixed income because of quantity quantity, just everyone. Melissa what is that like, bonuses down 20 . If youre a trader and youre wrapped up in that lifestyle . Most of the people that i still talk to have ad justed their expectation as little bit. Still the best game in town. If youre five foot 10 and cant shoot a jump shot and cant run a 4. 440, still one. Getter games in town. Melissa scott, is still that the case. I dont know im 62, and cant shoot a jump shot. I dont know what we do about that. Most attorneys are right. I think adjustment has been made. This is something that just happened yesterday. This has been going on really since the quote, unquote economic recovery started. That is the other issue. The banks have been vilified the whole time. They have been in the regulatory crosshairs that it is just now coming out by the way you shouldnt work there. Reality is this. He is correct still a great job to have but maybe different than the job there five, 10 years ago. Melissa on comparative basis, were talking about a lot of money. Average salary according to the new york comptroller, bonus, 360,000. 360,700. I can barely say it base it is so much money. At the same time though, like you said this is going on year after year after year. When you talk to traders on wall street, bankers on wall street, they havent gotten bonus they were expecting since 2007. So it is 20 below an already low base. Are they expected to work less . Are they still spending all of their time there, all their weekends, constantly on call . At some point it is not worth it anymore . At what point is it not worth it anymore . There comes a point, when you say to yourself, is this worth it . And you know, when i was in my late 20s, i was at a firm called the galleon group. It was a rough place to work but i said you can say whatever you want to me. You can do whatever you want to me if youre going to pay me enough. Melissa what is enough . I think were getting close to the point where enough, if you look at types of business, there is no volatility in the market right now. Right. Melissa if youre a beta trader, you did not make a lot of money this year. That is what the bonus is based on. All the extra excesses you wrote about in great detail in the book, a lot of those have gone away. Clamped down on the strip clubs. Free cocaine, Everything Else you might be able to get. Thats gone. Right. Melissa all of sudden, compensation is lot lower than it was used to be. Is the work, that much less too . No. Melissa no. It has gotten so much more competitive. Melissa yes. When i was there in late 90s and 2000s, over 50 of the people on wall street were there just for the money. All of sudden a new generation of kids who followed the market in high school and actually love wall street and love finance came into the market. Melissa love wall street. Said i will do it for half the price. Melissa scott, do you see that, ill do it for half the price . I know a lost Investment Bankers have gotten pretty bitter and disappointed at this point and said, boy i spent a lot of time away from my family. I moved all over the place. I went to london and back. I expected to hit my number now and dont look like it will happen anytime soon. Seniors at banks not getting what they thought. Are we on the verge of an exodus . I think people youre speaking about melissa, maybe caught a bad part of the cycle to be honest with you. The truth is, i would argue some. Stuff went on in the, in the early 2000s, whether it was the free cocaine or the strip clubs or whatever people did, was probably unsustainable. You know what i mean . That stuff had to go away. Now it is probably washed out too much but, something he said is right as well, which is the job isnt that great when you start out doing it, whether investment banking, hedge fund trading. Certainly not like being on the Miami DolphinsFootball Team but it is not a lot of fun. That is something too you have to kind of cut through that think ends up weeding out those who are dedicated and those who arent. Melissa those that are really smart. A lot of kids from top institutions would automatically come to wall street and work for goldman. Theyre not doing that any longer. Theyre going to california. Theyre going to Tech Startups the money is online and internet, in your own business and in your own thing. There is a sea change on wall street. You can feel it. Tell me im wrong. No. Youre definitely right. The fat has been cut and weeded there are either sort of grandfathered into what it used to be like and what other wave are they going to ride right now. Im 44 years old. I left wall street, what skillset do i have . You know what i mean . Melissa scott, do you have another skillset if this whole thing false apart . What about you . Are you going to be tv anchor. You are pretty good on tv. Thanks. I get a lot of practice in front of a mirror. I can hit fastballs. That is it. Melissa, the point is, the government as well teamed up with a lost big banks and brokerages, collectively that looked like wall street with a few companies. These firms, melissa, werent careful who they got in bed with, look what happened after they got bailed out. Now they have been vilified and taken down. Melissa absolutely. You guys are both money. Thank you so much. Thank you. Melissa up next, there may be a little agreement over the obamacare debate. Both sides say it wont work if young people dont sign up. So are they, or is it going on lifesupport . Well hear from the millenials themselves. Plus, high times are leading to high profits, as more states make marijuana legal to, the bud business is growing like, well a weed. Would you take a toke if your state allowed it . It is todays moneytalker. Do you ever have too much money . 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Catherine temp is from campus rye for. Matt welch from reason. Com. Thanks for joining us. Charlie, let me start with you. Have you shopped for a plan . What are you doing . I have luxury staying on my parents plan for a couple years. I see all across the country, colleagues and friends of mine, 26, 27, 2forced on exchanges and they voted for obama enthusiastically. Getting somebody to vote for something and get them to sign up and pay money are two different things, theyre saying why should i pay more for the Health Insurance. Count me out until somebody makes me pay or pay the fine. Exactly what people have been saying for last two years in critique of the bill. You will supreme premiums skyrocket especially for young people. Melissa numbers out from the wall street journal preliminarily. 40 of the people signed up over 50 a 5. They said 24 were under 34. Im surprised the number is even that large. Of the catherine, have you shopped online for insurance. Have you bought any . No, i have not. Working at Leadership Institute campus reform, talking to a lot of young people theyre not signing up either. A lot are angry when the president switched from saying if you like your plan to can keep it, just kidding no you cant, a lot of plans were outlawed are the cheap bear bones plans that make the most sense for young people like me. For example, Community Colleges in new jersey used to offer plans to students. Now they cant offer them anymore. Even students who can afford obamacare there trying to go on to the website, oops, just kidding that doesnt work either. So myself and a lot of other young people are really frustrated, really almost offended the president is expecting us to pay for all this, when you know youth unemployment is so high and were least able to do so. Melissa matt, you see in the media everywhere, Mainstream Media or anyone else saying young people are not out there buying insurance. We want to bring actual people on to ask them what they have been doing. Do you think this represents the larger phenomenon and what does it mean . If nobody, if nobody signs up, who is young and healthy, who pays for all of these very expensive people who have, i mean i was reading a story about somebody with cancer treatment. He spends about 6,000 a month outofpocket on treatment. You know, went online for hours and hours and hours in a row to sign up because obviously theyre unemployed. They desperately need insurance. Those people are getting on. So who will pay for that . Well, that is attacks payers are going to pay for it is the short answer to it. Obamacare is predicated on the notion there will be wealth transfer from younger people to from older people. Young people healthy dont need insurance will spend money on that money will allow insurance rates over all to not be that high. That is the theory. If you asked a obamacare rollout officials in may and june of this year what does failure look like, and they put it pretty simply. Failure looks like the first day that is rolled out, website down work and young people dont show up. That is exactly what happened. Why would you show up . People who signed up right now are people absolutely postively need health care that doesnt describe your average 27yearold, 28yearold, 22yearold at all. It is older people who need Health Insurance. Theyre