To the big story. Two stories corporation your privacy on the internet. Facebook is facing a class action lawsuit, accused of reading private data and handing it over. And the Justice Department spending half a Million Dollars on an enhanced Linkedin Profile that will give them access to profiles of all 250 million linkedin users. You have no expectation of privacy online. Well, maybe you should, but you dont. Its gone. But you should surely expect the companies who have access to your private information to keep it secure. Bill harris is here. Hes a former paypal ceo and he knows a few things about the internet and security and privacy, dont you . Yes. Yes, you do. Theres a distinction. Facebook reads your posts, gathers the information, sells it. Yes. Stuart theres a lawsuit about that. Yes. Stuart i say that your privacy in that sense has gone. Youve lost it, its not there anymore, but we should expect privacy of our personal information. My mothers maiden name, for example, my Social Security number. That i demand to be secure. Agreed, 100 . Stuart what are you going to tell us . The facebook, i dont know all the details all that. But from what i know i think the facebook activity is simply wrong. They should not do that. Okay . On the other hand, the government, the Justice Department, having enhanced access to Linkedin Profiles, perfectly okay. Stuart because they bought it, half a Million Dollars . No, not only because they bought it because that information is what linkedin is about. You put your information on linkedin in order for other recruiters, other companies, other people to find out about you. The information youre putting on linkedin is meant to be public and other companies who are recruiting are buying the same access to the same data. Stuart liz . Facebook in its terms of service explicitly says we may enable access to Public Information, your Public Information that has been shared with our users. So they do disclose in the terms of service what they plan to do with the information. And they also say, hey, you choose to be on a public site. Your information is likely public. Now, they say theyll strip out personally identifiable information and keep that secure, but as to the link, this is whats at issue with the lawsuit. If you like a website and send that website in a link, you send that link along, they essentially, the lawsuit says theyre scanning that information and selling it to advertisers. Stuart liz has made the point, bill, in the fine print youre accepting the terms and conditions of going on facebook and theyre allowed to read your posts and you say they shouldnt . Yeah, they shouldnt and its not right. Stuart if the lawsuit succeeds and theyre stopped from posting the information, they dont make money. No, they do. They dont have to inappropriately use truly private information in order to do so. Theres plenty of information that they have about people that can be legitimately used to target advertising, to do all sorts of things to the benefit not only of them, but of facebook users. Stuart well, i use gmail and occasionally fly to australia or new zealand and i put that in my messages, and i get ads, fly to downunder. I dont think thats right. Stuart youre a puritan. I would like to be one, yes. Stuart and ive got to get busy headlines for us on a friday morning. The white house says obamacare, they said that obamacare would reduce emergency room visits. However, according to a study from oregon when people were given free state sponsored care, visits to the e. R. Increased by 40 , more on that later. To asia, the amount of money placed in macao is about now seven times the amount placed on the table in vegas. The gas of duck dynasty launching its own line of guns, nine shotguns, one automatic handgun. General mills says its stopped using genetically modified organisms in cheerios, only in the original not the honey nut. A drop in the shares, apple shares were down and the same day of the down market, twitter went up. Were calling these the two horse race stocks were following carefully and well follow them for you when the market opens in a minute. [ me announcer ] this is the story of the dusty basement at 06 35th street the old dining table at5th and hoffman. Nd the little room above the strip ll f roble avenue. This magicic momt it is the story of where every great idea begins. And of those o believed they had the power to do more. Dell is honored to be part of some of the worldgreat stories. That began much the same w ours did. In a little dorm room 2713. This magic moment this magic moment so i can rch ally bank 24 7, but there ar24 7. Branches . Im sorry, im just really reluctant to t new things. Really . Whats wrong with trying new things . Look mommys new vacuum cat screech you feel tha in your muscles . I do. Drink water. Its a long story. Well, not having branches lets us give you great rates and service. Id like that. A new way to bank. A better way to save. Ally bank. Your money needs an ally. Through the hazy day of winter hear the Salvation Army band a hazy shade of winter. Is that the name of the song . Its the bangles, im told. Were indeed getting a blast of winter and that wont stop the markets from opening in about ten seconds, but maybe reduced Trading Volume. Scott shellady, i know a lot of us are laughing at us freezing yankees here, but i want you to tell me about the natural as prices. I think theyre going up due to the storm. Theyve gone up here and i think its more of a buy the rumor and the fact that weve seen nat gas prices. But inventory coming out soon and ultimately we cant be surprised by cold and blustery weather in january, can we . I just figure that those people laughing at us because were freezing are going to be paying higher home heating bills, theyre getting a blast, too. Thank you, scott. The opening bell has rung, were up, a modest bounceback. Look at apple and i think its up a little and wells fargo downgraded it. Its dead flat to 50 cents lower. One of our viewers in this program, im sorry, a varney regular on the show thinks that stock, apple is going to hit a thousand a share. Okay. Former paypal ceo bill harris is with us. Im not asking you for a comment on the stock price, im asking you for a comment on apple, the king of cool. Is it . Yes, the stuff they do is and remains fantastic. They have taken so much of the tech that we do out in Silicon Valley, put it into something that anyone can use, anyone can anyone loves to use and changed the way we live. Stuart still . Still. Do they have that kind of product in the pipeline . I guess we dont know that. We dont know and im sure they do not have something as revolutionary as the ipad or the iphone in the pipeline, but still, theyre doing great work. They will continue to do great work and you know, how can you actually expect a company to innovate so radically, so frequently. Stuart true. Are they simply going to be reduced to a position of milking the steve jobs legacy . I dont think so. Stuart Ford Motor Company came out with sales figures, up a little bit. The stock is dead flat. You want to make a comment on apple. More than four dozen on wall street have a buy on apple. It seems to be a thin basis of estimates and analysis when you read what wells fargo is saying. Tim cook is saying hes going to create new markets and that sounds pretty exciting. New markets, meaning new products. Stuart that means new products. Im interested in apple selling iphones to potentially 7 million in china. Thats big. Stuart and twitter, thats another horse race, were following it carefully. Look at this, 68. 70 per share as we speak and it was up yesterday in an otherwise down market and theres an analyst who says the companys in a good position to make money on video ads. What do you say about twitter . Again, im not asking for a stock recommendation, im asking you about the company. The Company Twitter is a rocketship. Its a rocket ship not because its something new and spectacular and overnight success, its a rocket ship because its fundamental to the way people are starting to use connectivity. And thats the question the big question of course, can they monetize . I think absolutely they will be able to monetize and i believe very much in video advertising. Well, you like that company, dont you . I love that. Again, im not talking about the stock, youre not a financial analyst in that sense. Normally i wouldnt talk about stocks. I happen to believe that twitter is probably overvalued. I think as a company and longterm prospects, wow, super. Youd have it in your portfolio as you look toward the future. Absolutely. And i know youve got a whopping big portfolio. The former ceo of paypal and o out and youve got one portfolio. And a Charles Payne pick, just bought its rival for a billion dollars. Its not a rival, but a complimentary company. And charles is going to take a victory lap. Nicole the stock prices, plea please. Nicole rightfully so. Fireeye, two of the most respected ceos in Cyber Security and you have the two companies now coming together for a billion dollars and fireeye is jumping. Sometimes the acquirer moves to the downside, but not in this case, fireeye is jumping 26 . Stuart thank you, nicole. Bill harris, you know about security, the cofounder of paypal, im not asking for a comment on the two companies, but security in general. This now is front and center. I put it to you, there is no way any Security Company can absolutely, totally guarantee the security of my personal information which i put online. Yes, thats right. Stuart you cant, can you . You cannot. Ill go further, you cannot guarantee anything with security. If you put something in fort knox, theres a way to get it out. Enough guns or people. That allies to the tech world. Stuart its an endless game. Endless game. Stuart between the hacker and the company thats protecting your secure information . Its an endless game. The good news, for the most part the good guys are winning and continue to win that game. Stuart the nsa is looking to create or buy a quantum computer. I think they should. Stuart which means they could break anybodys code anywhere, anytime like that. It doesnt necessarily mean that. It doesnt . Do you know anything about Quantum Computers . Yes. Im in deep water here, explain. Well, the mechanics is simply its not simply, its whht happens at the subatomic level. It sounds bizarre, but a particular particle can hold many different values whereas traditional computing, if a gate, you know, where you would store a 1 or a 0, can only hold a 1 or a 0 at a time. With the quantum computing, it holds many numbers at much and can operate so much more quickly, its a radically more powerful way to compute. Stuart if im trying to interpret all of this. My privacy is gone, its shot. No. Stuart it is, its shot. The information which i post online, my decision to fly qantas to australia, for example, and the security of my personal information, phone number, address, that kind of stuff can be hacked very, very easily. I have no privacy and ive got very little security. Well, so, you have very little privacy, you have pretty good security, depending what youre talki by the way, the quantum computer has nothing to do with that, its just a faster computer. At banks and Financial Institutions, all of the security at paypal are very good. Thats a separate question whether your information posted all over the place is increasingly available to anyone. Hacking or no hacking. Stuart thats true. My post, i post on the internet, no privacy. Gone. Stuart my personal information, secure to a degree. Secure to a degree. Stuart but never, ever totally secure. Thats correct. Stuart you want to tell me about bitcoin . Bitcoin, one of the things Silicon Valley has gone yeahyeah for bitcoin for a series of reasons. I think its hogwash. What is it . Its a pseudo currency, a currency you can use instead of u. S. Cash. Great. Im all for pseudo currencies, there are many pseudo currencies, but the point is what do you need it for . What utility does it give you . What can you do with a bit coin that you cant do with a dollar . Nothing. Stuart i can hide it from the authorities. You can hide dollars if you want to, get cash and stick it under your mattress. So theres no utility, theres no special utility and in fact, i tell you what, dollars under your mattress is even harder for the authorities to find than bitcoin. They can still find it. Stuart would you suppress bitcoin and drive it out . No, i wouldnt, i think its fine. I dont think its anything special. A, its going to be a medium of exchange because the dollar is already there and the euro is there and they work fine and second, i see its just silliness to say that bitcoin is worth 100, 1,000, its silliness, its not worth anything. Its worth what its worth as a medium of exchange. Stuart anytime you want to be our guest on a snowy friday morning come on board. Bill harris, thank you very much indeed. Thank you. Stuart i want to go back to nicole fast. Yahoo above 40 a share right now . Yeah, its looking pretty good here this morning. A couple of analysts, steeple nicholas and Merrill Lynch talking about yahoo and the 44 price target, this is on a higher valuation for alibaba. Stuart ah. Nicole weve seen this before where they realize its worth a little more. Stuart and look at the big board, were back up just a little bit. 56 points higher right now, right around 16,500. Before we leave the stage, you like stocks at the moment at 16,500 on the dow . Yes, i like stocks within the context of disciplined diversification. Stuart disciplined we could spend ten minutes on that weve gotten seconds. Disciplined diversification, thats all you need to know. Stuart thank you for being here from your sick bed. Sure, glad to be here. Stuart and Cyber Security, the huge issue every day it seems theres another hack. Will any company guarantee your security online . Were going to find out after this. Who can it be knocking at my door go away, dont come down here no more can you see that its late at night, very tired, and im not feeling right all i wish is to be alone stay away, dont you invade my home but your erectile dysfunction it could ba question of blood flow. 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Were up four bucks, struggling back to 1,229 an ounce. The price of oil took a huge hit the other day, down a little bit today. 95 a barrel. Two major Internet Security breaches made news this week. Hackers exposed the users names and phone numbers of millions of snap chat users. And the socalled Syrian Electronic Army a hacker group supposedly with ties to the assad regime claims to have attacked microsofts video chat service skype. With that news, can you buy absolute security for your private information . We have David Kennedy with us, the ceo of the trusted sec company. His company is hired to hack into Computer Systems to find security flaws. Welcome back to the program, good to see you again. Thanks for having me. We just had bill harris on the show, cofounder of paypal, knows a thing or two about security and he said, look, you cannot have absolute security. You simply cannot guarantee it. Would you agree with that . I agree with that statement. A lot of things security has tried to do, the type of hacking we see today. The truth of the matter is, theres nothing that you can assure 100 security, its not possible at the time. Stuart the value of a company like yours is probably going to go up when youve got all of these lawsuits against websites which have lost private information so the value of your company is going up, isnt it . It has. In fact, we had a record year last year and its only what were only three or four days into the new year and securitydriven topics are dominating the news. Its going to continue to expand. Security itself is going to continue it expand and its interesting because the Security Industry is trying to find itself and depend these attacks. You are one of the attackers. Okay, you work for the website and you deliberately attack that website to show the flaws in the security system. So youre actually on both sides of the fence, arent you . Thats right. We do things for big corporations, hacking into corporations and try to deal in elec