John bolton, former ambassador to the united nations. Is america in equipped to respond to yet another Global Challenge . I think we had some of the capabilities but not all. Someone who spent a fair amount of time dealing with issues of biological and chemical warfare, the risk of an adversary trying to attack us with one of these elements is something we have thought about and prepared for. What we see here though is something different. This is not a National Security challenge, is a Health Challenge and the president has responded correctly from a humanitarian point of view. Whether using the u. S. Military in this effort is another question but i think it is something the United States should do. Stuart only america can do this. Only america can do this. Certainly the military has enormous transport and other capacities. It has been involved in disaste it may be involved here but it is not clear what the president wants to do in the obama outbreak in so many other areas and we need more clarity on that. The situation in west africa is likely much more severe and dangerous than the media have been reporting. Governments are clearly covering up how serious the issue is and something people of the United States need to understand better. Stuart is a crisis of a different kind, different nature. It is not ukraine, it is not isis, not a military fight. Is the threat of a flag in golf and the continent, that is the threat. Which makes it a financial threat, humanitarian disaster and i keep coming back to it. Only america can deal with this. We are the only ones who got a lift capacity to get people in place. Whether we need to get in place and if so, what kind and under what circumstances. We have the who and the europeans who ought to be concerned since west africa is closer to them than us. What i find difficult to understand is why the president s first recourse was to the military. May be completely understandable because they have the logistics Operational Capability but i would like to see more. My point is i think it is important for the president to address the nation on the nature of the risk and particularly what steps were taken in the United States problem spreading here. Stuart john bolton, former ambassador to the united nations, thanks for joining us. Dr. Mark siegel joins us next hour, he will address the issue of what happens if ebola goes airborne. Cant it, will it . The answer to that important question top of the hour, noon today. Should the government get more involved in your private retirement money. Mutualfund pioneer john vogel is testifying before the Senate Finance committee on that subject today. Peter barnes joins us now. Here is my understanding, he wants the Federal Reserve how i can invest my 401 k , my private money in my ira, is that what he is asking for. Is joining the parade of critics including president obama who want to limit retirement plans for wealthy individuals. Here is what he says in a testimony to the senate, quote nick is not clear Public Policy should continue to encourage Retirement Savings for our wealthiest citizens, to prepare for retirement without needed tax incentives and along with this is the gao is giving the Senate Finance committee some statistics on i r as with high balances. In 2011 the latest year it has full data about 7,000 people had i are as worth 5 million and 300 people had i are as worth 25 million. President obama criticized the ability of wealthier people to sock away this kind of money on a taxdeferred basis proposing capping these balances at about 3 million. So stuart he wants to exercise some control over who can accumulate how much in the 401 k . He is not saying you cannot put it into that stock or bond, saying more control over who gets the money in that tax deferred account. More control over how much on a tax of vantage basis. Stuart i thought janet yellen was going to tell me i cant invest in microsoft but i digress. Thank you very much. Charles, you just heard the real story spelled out. What do you make of it . Charles there might be more to it. He gave out, he wrote a big piece and gave the big presentation to the industry and he did talk about the need for federal body to approve products for retirement investing. It would be ostensibly called the federal Retirement Savings board and they would rule out certain highcost products, they would wow products with high turnover, a share everybody into mutualfund its, low turnover. Stuart john bogle is the vanguard guy. Charles the father of mutualfund. Ets had been noon to mutualfund is. People are investing less. In his heart of hearts, i met him before and im sure you have, he is a good guy but he is talking his book and people already are reluctant to invest. This is one of the most amazing stock market rallies with the thinnest participation you can imagine and so we are afraid of wall street. How many people will feel better than the federal government, the same federal government is going to be 44 trillion short in 75 years with social see dirty and medicare that they should be overlooking, they should be the overlords of how we put our retirement many are you nuts . We are going to start beginning of the backyard. Stuart in no way do you want to discourage anybody from putting money very long term into the stock market. Dont do that. Charles any idea of limiting how much you have in retirement, of the president s notion is the government cant have access to it, the people who earn it shouldnt have access. Stuart un die like this on this one. We are not done with this story by any means, judge Andrew Napolitano gearing up to respond to the proposal, he is here at 11 30. Lou dobbs joins us in the next hour. No shortage of strong opinions today. Look at the big board. Down 13 points, the dow holding 17,000, pretty much the same story with the s p 500, we got a loss of 0. 5 gain of 0. 5 . The price of gold away for three sessions, down to 1233 and another buck today, gold really down while i was away. The ten year treasury, look at that. 2. 57 . When i went away last wednesday, at that point we were 245 we were 251 and now we are 257 so yield going up. Prices going down while i was away. Tech stocks took a hit yesterday especially social media stocks. Look at the now, facebook, twitter, yelled, linkedin. Suite of the month, rebounding slightly, two of them are down blues in a are pretty much down to the level they established yesterday. Now it looks like teslas new battery factory in nevada will not create as many jobs as originally claimed. Tesla doesnt have to create the jobs itself. Details on that coming up, to as a down 253. We are a couple days away, two days to be precise from the scots vote on independence. Take a look at the latest poll. 47 in favor of staying with the u. K. That is a no vote. 47 . The poll shows only 40 saying yes, we want independence. The polls have been all over the place. Nile gardener with the Heritage Foundation in washington. Welcome to the program. I say a vote for independence if scotland achieve some degree of independence from this vote, i say money would flow out of the new be unstable europe, would come here it to america. You are not buying that . To become independent, considerable turmoil to the Financial Markets in london and across europe as well. That will impact the United States. Money will flow out of scotland and back in england and to the United States, that is inevitable. Number of english banks have indicated they are going to withdraw money out of scotland. And financial rollercoaster rides in coming days if problem of votes, i dont think scotland is going to leave Great Britain. What the polls have said. That is a huge leap in the dark. Stuart when push comes to shove i agree with you. I dont think we will jump into the sea independence. That wont happened and if it did, this would be uniformly bad for scotland, and bad for europe. Some issues to be resolved. How did they divide up the oil revenues, what happens to the nukes, outside glaspell. There is a whole field of uncertainty if they vote for independence and i personally hope they do not and i am pretty sure you are in the same camp. Yes. I agree. Scottish vote for independence would be extremely bad for Great Britain. The breakup in effect of Great Britain would be very bad for a special relationship, spots played an Important Role in terms of advancing that alliance over the course of many decades and played an Important Role in the past in terms of projection of british power internationally and Great Britain, David Cameron the Prime Minister said britain is a family, very successful family, sometimes disagreements but a family always sticks together. I do think an independent vote is bad for scotland and britain and the United States. Stuart can you explain why we have come to this point . In the 1950s the Scottish National party got 1 2 of the vote, that is it. It was a fringe party, totally fringe. Now it is front and center and may achieve its goals. How did we come to this point . What is the problem for the scotts versus the english and the rest of britain . Great question. It really makes no sense. Scotland has gained increasing political influence in westminster over recent decades and for brown, the recent Prime Minister, was scottish and scotland has had increasing power over the euros so this makes no sense. A lot of stocks have disillusion with the dominance of the labor party in scotland. That is a factor. Labor, reputation for mismanagement and not doing a particularly good job in scotlands a lot of voters shifted toward Scottish Nationalists who have become more and more outspoken in terms of their combination of westminster. I also think David Cameron, the Prime Minister, made a bad calculation in agreeing to hold this referendum opening a huge can of worms and helping to create in addition directly a deeply divided situation. I think it is a political mistake by David Cameron to agree to a referendum. Who wants to be the Prime Minister that sees the break above Great Britain . David cameron could be in that position this friday. Hopefully not. Stuart hopefully not bleach independents, the vote loses by five points. Lets hope we are both right. Thanks for joining us, we will see you friday morning. Today marks a significant milestone for the technology industry. September 16th, 1985, steve jobs forced out of apple. John sculley took over. Fastforward 12 years, comes full circle, september 16th, 1997, steve jobs returns, interim ceo. He will eventually turn the company into the great innovators that it is today which leads us to this. The apple watch, we talked to the ceo of a conventional watchmaker. He has to be worried about competition. Theres also a way to get rid of that annoying you 2 album that you dont want. We are talking about it next. [ breathing deeply ] [ inhales deeply ] [ sighs ] [ inhales ] [ male announcer ] at cvs health, we took a deep breath. [ inhales, exhales ] [ male announcer ] and made the decision to quit selling cigarettes in our cvs pharmacies. Now we invite smokers to quit, too, with our comprehensive program. We just want to help everyone, everywhere, breathe a little easier. Introducing cvs health. Because health is everything. Watch this. Sam always gives you the good news in person, bad news in email. Good news fedex has flat rate shipping. Its called fedex one rate. And its affordable. Sounds great. [ cell phone typing ] [ typing continues ] [ whoosh ] [ cell phones buzz, chirp ] and we have to work the weekend. Great. More good news its friday woo [ male announcer ] ship a pak via Fedex Express saver® for as low as 7. 50. [ male announcer ] ship a pak via Fedex Express saver® i take prilosec otc each morning for my frequent heartburn. Because it gives me zero heartburn. Annc prilosec otc the number one doctor recommend frequent heartburn medicine for nine straight years. One pill each morning 24 hours zero heartburn. Stuart technically is this is still somersets technically is this could still be the summer doldrums. We are down nine points, the dow holding above 17,000. The big i phone launch event, apple gave to every itunes customer a free copy of you 2 ands new album. Problem is not everybody wanted it but it showed up on the iphones anyway. No way to delete it and from your account until today. Apple launched a website that lets you delete with ease. Good publicity for you 2, 33 Million People listened to the new album. More on apple, Nicole Petallides at stock exchange, watch this. Delays on the i phone 6 lunch in china . Nicole what we are looking at is apple down 6 right now. The concern is why is there a delay . Why are people in china getting the apple iphone september 19th to everybody else . Maybe, just maybe apple could not reach a deal or agreement with the ministry of industry and information technology. That is one part of the speculation and people in china may not get the i phone vi until the new year. That is not good news considering apples products have been growing in china, 30 yearoveryear a newly, accounts for 15 of the revenue. Not good news for apple so we will see what is profittaking a worried about this china story. Stuart china dropped to 100. More on apple. Cant do a financial show without talking about apple. The new smart what comes out next year. Apple saying it will give the traditional watch business a run for its money. We are joined by steve balked, ceo of shine boy, an american watchmaker. Your watches are in the same range as youre smart watch. You got to be a little concerned about the competition. Not at all, not at all. I think it is fantastic. The industry today is difficult to measure but it is a 50 billion industry. Stuart worldwide. Absolutely. 25 billion come from switzerland, swiss exports, wonderful watches with swiss movements. Anytime somebody expands the market as we expect apple will do we think this is a great opportunity for more people. Stuart you are going to expand your market, you have got to expand into the wearable computing arena. Many ways to look at this, you look at are watches, what are watches stand for is timeless products. All of our products are timeless. Shino shinolastands for Leather Goods that are timeless, rogers, to a degree the we stand behind our watches. Stuart a nice commercial for an old product. How do you respond to the new wave of brand new products . What are you going to do . Continue doing what we do very well. Stuart one whats new are you going to do . This is brand new. What is new about this watch and everything we do, a lifetime warranty. We dont have to change our technology. Of the one i you going to mention my heart beat with your new watches . You will find your heart be measured somewhere else. Stuart these youngsters, lots of them in the studio, dont wear conventional watches. A wearable computer from iwatch. What you will find increasingly is people will wear these watches and soon make decisions do they want to Wear Technology on their bodies or will they convert more people to wearing watches on their wrists and this is the type of watch we bet you Stuart Charles payne is sitting next to you. I have 45. Charles i have a lot of watches, 35, 40. Of very great watch, a swiss movement, imported. Stuart will you buy and i watch . Charles i probably will not. A similar situation, to the same point, this is a small segment of the industry, may be the millennials you are talking about might wear that apple watch monday through friday they want a swatch on that date frieder said day. Will reintroduce just like it save the luxury watch this is a lot of watchmakers think this will reintroduce the wrist watch to a group of people. You may wear it as well. Stuart it is entirely possible. Stuart we welcome you on the show. Go get them if you can. Thanks very much. You have seen them before, yes you have, those popular did jab digital greeting cards. That company is expanding, betting on santa. The ceo is up next. Opportunities arent always obvious. Sometimes they just drop in. Cme group can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader possibilities. Cme group how the world advances. Hey, jennar fuzz mike trooawwwwww scram g. Im crust mike jubby roll bond chow gonna lean up an kiss bet. Peas charty get town down. [laughter] borf a liver tute face stummy wag pow pam shabeeps stella nerf berms. Saxanay nay . Badumps a head. Temexiss gurrin. Juppa left. Fluppa jown brone a brood. What . Catch up on what everyones talking about with the x1 entertainment operating system. Preloaded with the latest episodes of the top 100 shows. Only from xfinity. Stuart here is a big name that you know. Macys. They will offer same day delivery service. Six dollar a share at macys. Of a fraction. And original new show called transparent. The stock is barely moving. A Digital Entertainment company. Make those personal view cards like this. Celebrate good times both go, on both go. Stuart you guys, you find makebelieve labs. Are you guys going to mess around with santa . All those three yearolds think that you are the creation of santa. No. Not at all. We offer the ability to have a live video chat with santa at the north pole. Stuart they dont have to stand in those lines anymore. Exactly. Stuart this is a financial program. Jib jab