what we have a commerce department, agricultural subsidies? real living in a nation that is 70 percent socialist. there are serious issues where we can really use free marketeers. that's why i say your sucking up to liberals. less to say that things liberals would like. >> my question has to do with rriage and the fact that you just think it should be more difficult for people to get divorced. @% an independent woman who is put myself through college and also as someone who is about my own home with my own money, going through a divorce, and this is the most difficult thing never had to do. why you think should be more difficult for someone to get divorced. >> well, i don't know your personal circumstances. i might also don't like anecdotal examples, but when you buy a refrigerator to break a contract to return your refrigerator more difficult in those states that to break a marriage contract. >> it's very difficult. it's been a year. >> should be easier to get rid of a mechanical device. >> it's been a year in the still very difficult. >> i d

it is the dominant medium by which we conduct commerce. what we need to do is get serious about freeh comments, open commerce, on the internet. as the same kind of level of a problem that we have always considered security on high seas. gerri: thank you for coming on today. we appreciate your time. it is a fascinating topic, and clearly we are not paying enough attention to. thank you so much. >> thank you for having me. gerri: when we come back, those free trades you hear advertised -- turns out they are not so free. next, the details on the new report showing just how much money we are losing on the big bailout. @@ the. gerri: a fox business alert for you now. a number of banks, including citigroup, bank offamerica, jpmorgan, are reportedly holding more than $200 million in insurance money targeting struggling homeowners hit by hurricane sandy. many of those victims are using their homes as collateral on their mortgages and a process to protect homeowners from contractors trying to take advantage of them. new york governor andrew cou

it is the dominant medium by which we conduct commerce. what we need to do is get serious about freeh comments, open commerce, on the internet. as the same kind of level of a prlem that we have always considered security on high seas. gerri: thank you for coming on today. we appreciate your time. it is a fascinating topic, and clearly we are not paying enough attention to. thank you so much. >> thank you for having me. gerri: when we come back, those free trades you hear advertised -- turns out they are not so free. next, the detailsn the new report showing just how much money we are losing on the big bailout. the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! aveling is easy with the vture card because you can fly any airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, yoguys! and with double miles you can actually use, you never miss the fun. beard gring contest ango! ♪ i win! what's in wallet? it's

and the commerce advisory committee. and of course all of you who i hope are not just only san francisco giant fans but fans of home-made beer here in san francisco. and it's my great honor to introduce entrepreneurial spirit. mr. gregor was born and raised in the united kingdom. he then moved to singapore at the age of nine. he's lived in amazing cities around the world. so he brings with him an international spirit. but also a passion for san francisco. he and his partner, tony foglio are known for building up the best brands and keeping them both emerging but honoring their roots. so i can't think of a better tenant and partner for this historic pier 48 than anchor brewers and distillers. join me in welcoming keith gregor. [applause] >> thank you. is everyone warm enough? this is great weather for making beer. anchor is one of america's oldest breweries. with origins back to the gold rush. by 1896 the famous brand emer emerged. a real san francisco icon and only 118 years old at the moment. not that many years pass ea

congress's power to regulate interstate commerce, but that clause has been so blown out of proportion, megyn, by presidents and congressing and supreme courts that congress can now legislate anything it wants, even something that moves from one state to the another. and even something that isn't commercial in nature simply because in some theoretical way, its movement or not movement might have some effect on interstate commercial. >> yes, we saw this in the leadup to the health care debate where the president said the commerce clause allowed it and a different court rejected, but he based that argument on an ages old case you learned about in law school or some guy growing wheat in his back yard and not contributing to anybody would affect interstate commerce. and that will never leave the yards and the guns never leave the states. you tell me, judge, why would the states trying to tee up, what they're trying to say, tee up the challenge going to the supreme court in light of pretty clear precedence that the federal law will prevail? >> that's a great question. i think there's probab

we have asked as at city to step up with the chamber of commerce. they will be meeting with us to make an announcement on how the private sector will join san francisco government to host summer jobs for as many youth as we can. when we get our youth interested in making some money for themselves, we will be that much more responsible for their lives in the summer rather than hanging around and getting into trouble. that leads to partnership and education. there was a dispute with i said, school board, while you are being cut, these millions of dollars from the state and you're asking the city to step up on a rainy day fund, i would like you to consider not sitting on your vacant property. i do not know if you remember when occupy san francisco was here. i suggested this spot for 16th and mission street. that was one of their sites. how could you sit on a site for a decade that is right across from a bart station, walgreen's, in the middle of a community that has been demanding more economic recovery? how could the school district's sit on it? i sai

. >> sean: and also the president of the national black chamber of commerce is here with some very strong words about the obama administration's economic policy. this an interview that will this an interview that will have a lototototot look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsen with spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation.

but second, adding the financial component, making transactions which we have built into the mobile commerce platform with the hierarchical structure from the top down, enabling the city to actually manage all of their own financial transactions. from ticketing, reservations, permitting, just about every component you can think of, of interacting with the city as a business itself, which most people -- which is kind of a big differentiation factor in developing this. so, as far as creating access to the public, using the open data sets, and creating exposure to neighborhoods that you probably traditionally didn't even think were there, we realized there were 1200 different facilities all through the park -- all through the city as we were going out to explore. and upon our own discovery, and i being a local native, i didn't know about 800 of them. so, as we move forward into the future, taking this, working with some other departments like san francisco arts, we're creating access for people, creating efficiency with the government being able to manage transactions, creating a platform for p

the rosetta, is -- the arizona commerce authority will continue to lead our job attraction efforts. companies such as silicon valley bank have chosen to expand or relocate to arizona due in part to the good work of the aca. [applause]halfway through this fiscal year, the commerce authority has already helped deliver more than 680 million dollars in capital investments, and 6000 jobs. [applause]while we lower the barriers to business while keeping regulations lane and taxes competitive -- lean and taxes competitive, it is clear we have another problem, our own sales tax system. sales tax is the most critical source of revenue for core state programs. our sales tax code is also one of the most complicated in the nation. it is an accountant's stream, but a business owner's nightmare. -- dream, but a business owner's nightmare. so many twists and turns it that we make difficult for businesses to simply pay what they know. --we. -- what they owe. complaints can be nearly impossible. -- compliance can be nearly impossible. brenda serves customers all over the valley. she deals with a diff

contributions of chinese americans and we have the support of many local organizations, the chinese chamber of commerce, the chinese consolidated benevolent associations and many other national organizations and national leaders that joined asking the post office to consider doing that. we see the stamp as an important part of the american cultural heritage; chinese-americans are a big part of it. this is a special year, our twentieth year. i would like to introduce our mayor, ed lee, this is his press conference. mayor lee has been to many, many if not all of the -- in san francisco. in as many capacities as a public official in san francisco. mayor lee? >> thank you caludine for your work. from the first time when you were in dc getting us excited about our national stamp; really our national culture could be reflected for everybody in america. this is a wonderful opportunity yet again and i know this is the sixth stamp? sixth in the second series. i'm glad to be joined the board president david chiu, our new supervisor norman yee district 7, and rod sengera postmaster general for the san francisco b

the commerce department reporting retail sales edged up a tenth of a percent following a half percent gain in december. ashley: i left the earrings at home. joe is in the pits of the cme and market panel today, david, partners, ceo and charlie smith, for pick group capital, and joe at the cme, before we get to the stocks for earnings, after a 6% runup in january, this market, as i said to liz earlier, seems to be just moving sideways waiting for the an fit pated correction. is that how you characterize it? >> i think that's how it's been trading, and, i mean, here's one thing that's been holding back the pull back, a retail community that's not been participating in this market at the level we would say they are overly bullish and ripe for a pull back. this is institutionally supported, and until we start seeing that retail flow come in, i'm going to continue to see this grind and bullish trend in tact. liz: applied materials numbers, stock is moving higher. >> moving higher, but, you know, it's a miss on earnings per share, six cents, and they were expecting 22 cents on what's net sa

. >> sean: and also the president of the national black chamber of commerce is here with some very strong words about the obama administration's economic policy. this an interview that will have a lot of people talking. let not your heart be troubled. that and more straight ahead. textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. did you know not all fiber is the same? citrucel is different- it's the only fiber for regularity that won't cause excess gas. it's gentle and clinically proven to help restore and maintain regularity. look for citrucel today. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor

he has worked at commerce at the justice department and at the state and federal level. today, he is the special inspector general for afghanistan's restructure. we are entering our 12th year in that conflict. i wish that i can report that reconstruction is complete. unfortunately, we do know compared to ten years ago, there has been a great of deal in afghanistan's society and its quality of government. we're all very well aware the reconstruction program has not always gone desired as expected. we have military units continuing to rotate into afghanistan today. we still have many tens of thousands of troops on the ground and we have what is expected to be now, a more rapid troop drawdown from afghanistan over the next two years. then i think any of our military planners and reconstruction officials had hoped for or expected. he's recently turned from a trip in afghanistan and published the first quarterly report of 2013. we look forward to hearing what he has been finding in afghanistan and what his views are on the future of the reconstruction program in afghanistan.

i'd go across the board so much, i'd go commerce, labor, education, interior, energy. are you kidding me? i would slash everything. i would take out at least a quarter. at least a quarter. i don't care, sequester, i don't even know what it means. what i know is let's get rid of these goofy departments that are bankrupting america. what's your take on that? >> well, got to disagree with you. >> oh. [ laughter ] >> i think that there's certainly a time and place for cuts. as you say earlier, it's usually when the economy is working a little bit better than it is now. i think if you look back historically, the best time for cuts is back to trend growth, which is 3%, not the 2% economy that we're in now. i'll tell you, i just came last week from the world economic forum, one of the big conversation threads there was that we don't want to be europe. europe has gone too far with austerity. and you might say well that's a liberal point of view. but i'll tell you, the american enterprise institute came out with a report this week saying we should take lessons from overseas. we

documents from bank of america and also in another case trying to attack critics of the chamber of commerce the chamber is also a client of hunt and williams so those are were potentially illegal and they were certainly the various deeds be. thought out at least in their initial conspiracy stage among the cyber security firms and a cut out for what were their clients for being bank of america and the chamber of commerce all definitely he's just the latest in a long line of people being attacked obama said he doesn't want to look backward to prosecute bush criminals but he's certainly looking backward to dredge up arcane piece of legislation to prosecute whistleblowers thank you so much for coming on would definitely be to pay attention this case christians storch who what why not work. this month marks the seventy first anniversary of a very dark chapter in american history page in our history books that is too often glossed over i'm talking about the forced internment of one hundred twenty thousand japanese people during world war two this tragic march shouldn't be discussed without giving

committee and the senator who chairs the commerce committee senator rockefeller from west virginia is not a big fan of these because he gets a lot of support from public employee unions and the public employee unions are the ones that do the federal screening right now and so for obvious reasons they would be in favor of it's contracting the screening because some of their workers will be out of a job leave as well obviously that's a lot of money and they say that people don't like people touching allowance money is our mistake about money and just the second transportation policy analyst at the reason foundation and thanks very much for having me on and that's the defendant as for this week but be sure to tune in next week we're working on a whole new lineup of stories for you first up the immigration debate has been on the minds of nearly all americans since the two thousand and twelve election.

. >> they are working hard to use this as a twitter commerce. there are going to be several ways for you to purchase items for now, just be the steps. here is how it works american express will sync wine their credit card and they will offer a product and give special addresses if you use that and you say that you want to purchase that item. you will purchase the confirmation tweet if that is confirmed? it will keep shipped with free day shipping. this could be fast and easy. and if this takes off there could be newf commercial levels of twitter for e commerce. >> it has been nice spring- like. but that is going to change with another nice day for tomorrow. not quite as warm. the beef bridge toll plaza mostly clear skies. turning it around there is that fog that is going to press into the bay. moderate sea breeze. cooling things off. we ran in the 60s but just fifties' forties right now. for tomorrow, a cloudy start. those clouds will keep temperatures cool. also cooler with readings in the low mid '60s. monday, increasing clouds to the gulf of

committee and the senator who chairs the commerce committee senator rockets.

cam has elad the department of commerce -- has lead the department of commerce in terms of cyber security. i want to thank him for that. sadr security is one of the most crucial issues facing both our nation's security and economy -- cyber security is one of the most crucial issues facing both our nation's security and economy. protecting our businesses and are an infrastructure attacks is crucial in ensuring our economy can continue to grow. the president has made clear to all of us in his cabinet that we must use our existing authority to move forward and make progress in this area. the commerce department's national institute of standards and technology has promoted voluntary best practices in cyber security among u.s. technology companies. even as we work to reduce risk, almost also protect the innovation and prosperity that flows from the internet from a commerce from all of the new technologies, improving the lives of millions of americans. in sum, we must curtail risks while continuing to foster growth and innovation. that is a complex challenge for leaders and experts in the field

. >>> the secretary of general of the international chamber of commerce in paris. a first on cnbc at clesk cet, 10:00 london time. >>> then a call on comcast shares after the now 100% owner of this company, they've announced they're buying the rest of nbcuniversal in a $16 billion deal. and i still want to say, i feel very comfortable about this. i feel very -- i'm sure you feel happy. good for everybody. >> they like us. >> g.e. stock was up -- >> i didn't like that g.e. stock was up, then i saw the reaction of comcast, all right, they're up, too. >> you, me, fantastic. we're very happy, brian. >> have to say that -- are you pained to say that i should say? >> i don't know. i'm paid, though. don't know if i'm paid to say that, but i am paid. right. have i done enough on that now? >> yes. >>> societe generale swung to a loss on the back of eurozone weakness and one of charges. coming in below expectations, the bank racked up a quarterly net loss of 476 million euros. on top of that, france's number-two listed bank had goodwill writedowns of $292 million mostly on n

we have all kinds of committees at the commerce that decide on policies. my mother-in-law came to the united states at 11 years of age to join her mother who had another family and my father-in- law came at about the same to join an entrepreneur. they took the risk to come here. she was one of the smartest people i have ever known with four years of education. this country has attracted people like that forever. if you turn them away, you'll wish you did not. i will say one thing -- you can look in the newspaper today and tomorrow and probably sunday and you'll find out that the chamber and a couple of other unions have come to an agreement on most of this. it does not surprise me. union numbers have gone down. they have an idea that they have people who work here that might have a chance to make their business grow. if they do not get them, here is what happens -- if you do not get work on the high end and you do not get workers on the low end, you send your work to where the workers are. this is not compensated. we have got to responsibly develop our ext

what we have a commerce department, agricultural subsidies? real living in a nation that is 70 percent socialist. there are serious issues where we can really use free marketeers. that's why i say your sucking up to liberals. less to say that things liberals would like. >> my question has to do with marriage and the fact that you just think it should be more difficult for people to get divorced. @% an independent woman who is put myself through college and also as someone who is about my own home with my own money, going through a divorce, and this is the most difficult thing never had to do. why you think shoud be more difficult for someone to get divorced. >> well, i don't know your personal circumstances. i might also don't like anecdotal examples, but when you buy a refrigerator to break a contract to return your refrigerator more difficult in those states that to break a marriage contract. >> it's very difficult. it's been a year. >> should be easier to get rid of a mechanical device. >> it's been a year in the still very difficult. >> i

and, of course, he had a governor who is now our ambassador to -- our secretary of commerce who is now our ambassador to beijing. if you believe the chinese, he is the most popular ambassador of any in china today. so popular that some members of the government thinks he is too popular. the chinese government think he is too popular. and he is a good friend of terry's and also of mine. so i would hope to see more of that going forward. >> at the time of the formation of the euro, the three tier euro was considered but not adopted. an unfortunate results of this has been that the mediterranean countries so largely dependent on tourism have become -- well, they're really not competitive. is it time to reconsider the 3-tier euro when that an important effect would be a very substantial devaluation of the mediterranean countries and that should result in their growth, economic growth simply from increased tourism. sfax -- >> i think historically when i talk about latin america and at the asian financial crisis, correa as an example, is that one of the great things they have is the ability

parade will start at 10:45 will head south on commerce street. acceleration -- insideebration begins the stadium. they are expecting a huge turnout. >> we will see you shortly. you can turn to abc seven tomorrow with complete coverage -- all of the that that. we have live coverage as that happens and we will be live in baltimore tomorrow morning. >> we have a warning that every needs to see, if your children are teenagers. the advent of smart phones and technology led to a surge in the way young people me up. sometimes to have sex. there is a danger that has proven deadly. >> it was my baby. my baby. >> melinda lee is grieving the loss of her granddaughter. head andhot in the stop indie at a bus northwest d.c.. they told police that her on a called tagged.te one of hundreds of hook-up or sites.g notley told police he did sext her but wanted to have with her. to meet him for the of theime the night twenty fourth. >> she probably realized she made a mistake. >> there are other reports of teens' engaging through these sites. kids were raped after me

we don't talk about the data to and ideas and commerce. so the cross border data flow is a gigantic issue in the future. it implicates savers security and amount of money. i think those are the areas that are under in terms of canada and the u.s. and how we approach the world together but that is where the future is. >> the point is we are here to talk about the significance of a border at time when borders are becoming less and less significant, and not just that can't and u.s. border but the border is generally in part because of the freedom by which data flows and that is the currency of commerce, information, knowledge and experience that is a matter of where you are on the planet that you are engaged in that global commerce. so, for the two countries it isn't so much a matter of how do we diversified our trade away from the u.s.. i don't think any business people get up in the morning thinking that way. it's more of a question on how we take advantage of the fact that there is explosive economic growth occurring particularly in asia a

you're talking to the chamber of commerce and they say, how do we fix this? do they have to do any sort of pr fixing come monday morning? >> yeah, there's no question about that, that's a short run, short term problem. long term, because of the two things i just said, they're going to be fine. and don, i just thought about something here, there's a song by journey where they talk about san francisco and it says, when the lights go down in the city. this is so ironic, san francisco here in new orleans and, of course, the lights went down in this city. the crescent city, not the city, but the crescent city. i don't know what that means, but it's interesting. >> it certainly would be a good night to be down in new orleans. there is no other city in the united states, i've been to almost every city in the u.s., there's no other city in the u.s. that's like new orleans. it's like a european city. >> i've been here for three super bowls. this reminds me, in 1986, the bears super bowl. you had this talk with people in the french quarter, and what have you -- >> can

was acting director of the successor office and the commerce department. during his consulting days he worked with tom in a variety of business centers. this was the key architect of the bell system breakup and telecommunications deregulation following a highly successful career as a consulting economist. he returned to his all modern where he is not a centennial prof. of public policy and a senior fellow at the stanford institute for economic policy research. following these three presentations we will hear from global entrepreneur t om's partner. the concluding presentation will be from a professor at george mason in and one of america's post prolific scholars of telecommunications policy. he was tom's colleague during the latter years when tom was a visiting professor at george mason and an active participant in the information economy project. further information about our speakers is in the programs. [applause]>> thank you. thank you very much. it is an honor to be on this panel with my old colleagues and friends. it is a little odd to be on a panel i

. $4 billion to $5 billion of the department of congress -- commerce is noaa which provides all of our weather information, virtually all of it, has the satellite in the sky, tracking what is going on to some extent in the oceans too. what do you do to that 4 to $5 billion? i know now because of the work we do in the book publishing industry the department of commerce is over there in a china trying to make sure the chinese government understands when we sell books, when we bring books to china, they will do everything they can to make sure they are not being sold or pirated or copied or sold somewhere else. the department of energy, that was one of the three. the department of energy regulates oil and gas drilling. if you eliminate that department, what happens? the department of education funds 12% of the u.s. k-12 educational system. the department of education, what happens? those were the questions that should have been asked of rick perry because those are the questions that might break through the differences people have, the federal government is too big, eliminate the departme

they are -- toyota, unitedhealth group, cq roll call, the hill, the us chamber of commerce, ford motor company, the national beer wholesalers association, the american petroleum institute, microsoft, and the newspaper association of america. thank you. thanks also to ted benson of cq roll call for providing the cover art for our program, and of course the mandarin oriental hotel and its great staff. we have a terrific program tonight, and when it is over cq roll call will keep the fun going with a fabulous after party. the band suspicious package will keep us going into the night. in six years from now, the washington press club foundation will celebrate its 100th anniversary. it began life as the women's national press club. the courageous women who came together in 1919 fox to -- fought to establish their place as professional reporters in a mail-dominated business. tonight we honor their courage and try to live up to their legacy in the 21st century. our mission is to carry forward our founding goal of equality, scholarship, and excellence in journalism. in keeping with that mission

chamber of commerce. [applause] it was in 1997 that tom donohue became president and ceo of the u.s. chamber, and he has built the chamber into an unparalleled lobbying and political powerhouse. has quadrupled the chambers' budget and added hundreds of thousands of new members during his tenure, policy experts and legal advocates have helped influence regulatory agencies and politics and in the court of public opinion and governments around the world. one of his credibility is is the neck to identify key issues will ahead of the curve. he has aggressively against american jobs and growth agenda, a plan that -- advance the american jobs and growth agenda, a plan that includes rebuilding infrastructure, combating an avalanche of new regulations, protecting intellectual poverty, and reforming entitlements and tax system. under his leadership, the chamber has emerged as a major political force. as part of this bipartisan effort, millions of advocates as well as the chamber's federation of the state and local