the sec weighed in on comcast sec's merger. the problem here is a budgetary problem. a second probably see as one solid trust issues are taken care of that of the federal trade commission, the question is what is the sec during the second duplicative review? we see some bad things happening. there's no bad actors. what the sec is any position to do is give competitors who complain the loudest and economists have a fancy word for this. the word we use here is rent seeking. as honesty to fess up that power with millions or billions of dollars to special interests, you're going to get hordes of hours of obvious walking the halls looking for handouts. that is not a good society. we are not in favor of more anticompetitive mergers going through. any anticompetitive merger should be out by the antitrust agencies. the final point is the sec does have the special scales and expertise in assessing these mergers. we don't think they shouldn't have a seat at the table. they just shouldn't have a supplemental foe. >> did you want to add something? >> other than the fact of the fo

the commissioner of the sec last year gave a very -- used his time to get a big speech to the sec in support of this role. we have seen over half a million americans and american investors going to the sec requesting that they make this role. i think that it is really -- it is the appropriate role of the sec and it is for for american investors to know how their money is being spent in politics. mine, america should be place where everyone has an equal chance the and an equal say. right now investors have no chance to say anything about the political spending of their corporations might be involved in. because they just don't know about it. and that's something the sec has the power and responsibility to rectify. >> i think had is the sort of thing that would probably be the purview of the electoral commission. not doing any of the things -- >> still doling out fines from 1984 presidential election, i think. >> right. yeah. literally, i think. recently. >> john glenn was fined. >> as you noted earlier, for example, the sec wouldn't touch privately held companies. if the issue, and i

forget sec filings. twitter feeds and corporate facebook posts may soon be home to valuable information that you can mine for your investments. that story next. you need to hear this if you own even a single stock. ♪ . [ male announcer ] his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense from td ameritrade. what's the "new" in the new new york?. a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, n

liz: it is in both the sec. the takeovers. >> reporter: you may now be under investigation now, but when you start seeing this thing sort of move out of the immediate vicinity of sketch years and to be more deals, i am telling you, kpmg will be under investigation because of their lack of compliance. looks like to just the supposed to be able to do this with impunity, and it looks like you will be on just a couple of instances. liz: we will continue following this story in the next hour as well. you will hear again from nathan talk, and we will be giving a more permission of the story. thank you very much. anytime you have almost stuffed with cash. >> reporter: you would think there would learn. it happens all the time. liz: 27 mess before the closing bell. still in record territory. the nation's newest and one of its biggest casinos opens today. it is already maryland's biggest taxpayer. a gambling tax. the only one no one really mines we had their lives after the break. once you get all that money back from yo

up next, omg, sec. regulators say it's totally okay to make market moving material announcements on social media. good idea or rotfl disaster ris sults. we will tell you what it is when street signs returns. cook what , and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. >> we told you two of the four dow stocks that are higher. look at defense contractors. most of them are catching a bid. you also have lmt, gd and a

could a settlement between the sec mean that steve:is getting off scot-free? said judge has approved $602 million settlement for one of the insider trading disputes but there is a catch conditioned on the future appeals court decision on the settlement with citigroup. joining me now for a fox business exclusive to break it down and for our viewers it is about the settlement doesn't that mean if it is approved he is off the hook? >> stephen:isn't but sec capital could be for a potentially huge liability exposure with the matthew trades it is a corporate settlement between the second sacu going into historic magnitude the largest of its kind but there is a huge catch because it is a 32 page opinion the judge said we have to see a conditional settlement to see what happens and it is critical with the second court of appeals decision that could have a huge impact on the settlement cheryl: that means the case is effectively over that means i am breathing a sigh of relief because that can get behind us. because they were giving those tips directly to him. >> but not

later that year, he got an sec subpoena. at that moment in time he faced a crossroads because he knew that he had engaged in insider trading with mr. london. so he either could have concealed and covered up at that time and revealed and have been responsible. mr. shaw before the sec began its investigation, before the department of justice or the fbi even you into his name or had them on his radar, voluntarily came forward to the government, fully, completely and truthfully cooperated with them and engaged with the fbi at its direction in and undercover investigation that led to the tapes that you've seen in the criminal complaint. liz: let's get to herbalife first. that was before he had his account frozen of the he started trading herbalife on tips that mr. london of kpmg was giving him. we have quotes from the wiretaps. london responded this is involving non-public information in advance of herbalife ex. they, meaning, herbalife, beat their numbers and they're raising their guidance. that is the what london told your clie

the sec commissioner daniel gallagher telling reuters his agency is looking into the bogus tweet with the commodities and futures trading official telling fox business it is'' mac standard operating procedure to look into any major market moves that would affect the index affected by today's event or any like its. taking a broader look dupont started the morning with news a profit doubled and that agricultural division showing double-digit growth and catholics adding 2 million subscribers in the last three months. not flex has more subscriptions than hbo and a profit of $0.31 per share. it is up 134% year-to-date after the about apple reported the first decline in earnings in a decade but it beats the reduced expectations and profits of $10.9 per share and issuing a general cautious outlook. goldas down losing $12.40 an ounce and that 10 year yields 1.seven o%. the action in the markets today the wilshire 5,000 posted a gain of $200 billion in market cap. joining us now with the outlook for equities is rbc capital market, george, good to have you with us and said weisberg. this loaded

they were discovered and sentenced, but today the region is dealing with our sec again, albeit for a completely different reason. >> some 160 men who died of arsenic poisoning live buried in cemeteries. most were killed by their wives in the years following world war i. women known as angel makers got our senate from pesticides, usually from flypaper. the merger international attention. two women were executed and numerous others sentenced to life in prison. today are sick is once again making headlines in the same region. nicolette lives here, but until recently, she had no idea that her drinking water contains levels of arsenic which far exceed those considered safe. each leader contains 15 micrograms of the poison -- each liter. >> we did not know there was our sec in the water. i think most people still are not aware of it. to date, nothing has been done about it. we simply have not been informed. >> but thanks to the european union, that might be about to change. at the beginning of this year, it threatened hungary with sanctions after issuing warnings about the poor water quali

each leader contains 15 micrograms of the poison -- each liter. >> we did not know there was our sec in the water. i think most people still are not aware of it. to date, nothing has been done abt it. we simply have not been informed. >> but thanks to the european union, that might be about to change. at the beginning of this year, it threatened hungary with sanctions after issuing warnings about the poor water quality in the region for over a decade. now with the help of the national army, filtration systems are quickly being assembled in this factory building. they are to provide the worst- affected villages with cleaner water. >> we have the situation completely under control. the government has contracted to produce these systems. they put 19 million euros at our disposal. by the middle of the year, we will be setting up 200 such containers in the affected villages. >> in the long run, the communities could eliminate the need for filtration systems by digging deeper wells, but many lack the money. is wle tn hopes that something will change soon. the mayor is waiting for the promi

. >> sec should right now be issuing -- lessen, you have two minutes. where is the sec, david? >> as for any potential news he here. i do have the new york times, herbalife poised to disclose on tuesday that kpmg will have to resign as the company's auditor follying the firing of the senior partner. the new york times citing a person briefed on the matter. so that would be one reason why you might halt the smyres that's a good reason. >> disclosing late monday it fired the partner based in los angeles and i'm reading here from a new york times story that just hit providing inside information to an unnamed individual who then traded in shares of several west coast companies. as a result of having fired that partner, herbalife may have to disclose on tuesday. kpmg will have to resign as the company's auditor. it could be as simple as that. >> that's horrendous. that's horrendous. >> that would be helpful for those short the stock. let's wait and see what the news is, but that is what "the new york times." herb greenberg is with us. if that is the news it would validate a lot of t

that was when the sec came out and finally did the right thing. that was a good thing. >> the terrible thing, the worst idea that i have ever heard. we had your girl who said the same thing. dude, we're totally missing earnings. >> companies can and are using and can use social media and twitter to say here is our press release. if you read the sec advisory on this in the press release, they make it very clear that personal website pages and personal social media sites of individuals are not the proper use of dissemination. that's where this will still become a problem. i don't want to be on facebook. i started hating my friends. i got to sign up because god forbid a company releases material information. >> when they put it on facebook, they should also have an sec filing and a proper press release. it should be a proper way to put out a press release. you will see companies going overboard. has there ever been a serious -- at loost there have been offenses. are they going to nab somebody for that? the answer is no. >> i did miss you. >> i missed

shibani: the sec is embracing social media. here is what they decided overnight about the whole use of platforms like facebook and twitter. it is completely suitable unless the access is restricted or investors don't know that where they need to turn to get the latest news. since december, the sec has been reviewing the whole concept of how executives and companies use these platforms. overall, analysts are pretty happy about this news. regulation needs to be applied to social media which is what we thought all along. other channels of disseminating information need to be looked at. the practice of disclosing stuff to overseas blogs and media outlets in african and western european markets, which are efforts to craft stock moves in our view, will also be reviewed. it is required without regard to global location. this is about getting information no matter where you sit around the globe. this is not just about social media. dennis: thank you very much, shibani joshi. cheryl: the obama administration pushing lenders to make it e

the sec clearly investigated, deposed him, and from what i understand, he took the fifth. we should point out, sac capital , i ran this by them and they deny none of it. ten years late. liz: i don't know anything. i don't mean to be mean. liz: is she in are from? i don't know her to be in author. qaeda know where they got that from. i'm just telling you. it. liz: she is now. >> alloys thought she was a -- she was a mother. she raised the kids. what a great thing. liz: tell me about it. i think advisers, he has no sort of filter. >> it was like, the segment was titled i'm sleeping with my ex well dating yours. doesn't go on tv. that was the last time. liz: thank you. charlie gasparino. had here back then. >> is worth billions now. liz: that's amazing. much more with mike hall, we talked about the bag of money. i wish i had not go with a bag of money. invest in one stock. he has the one for you. stay tuned. ♪ ♪ ♪ [ male announcer ] help brazil reduce its overall reliance on foreign imports with the launch of the country's largest petrochemical operation. ♪ when emers

melissa: they will come get you now. >> call for an sec investigation. there you go. melissa: dennis kneale, thank you, sir. as we do every 15 minutes let's check the markets. teddy weisberg from seaport securities on the floor of the new york stock exchange. what do you think of this market today? >> they're trying hard to knock them down but we're very slowly climbing out of the hole that developed early this morning. not a lot of volume. for a market up almost 3 1/2 months in relative straight line, if this is any example of the kind of selloffs we're going to get, it's not what the bears are hoping for and what they would like to see. melissa: you know, we're going into the weekend here. we want to prepare our viewers for how they will trade next week and what is going on. what is the number one thing you're looking ahead to next week, teddy? >> earnings. earnings. earnings. i mean it is all about earnings. the expectations have been pretty well-guided lower. so far we haven't been overwhelmed or really underwhelmed. pretty much coming in as expected. but as we ge

the fed contacting the sec and cfdc regarding any trading that might have surrounded it. yields were headed higher. it was about a basis point or two. then you can see that its floundered early this morning. what's actually in the minutes? what's about that? many noted the meeting took place before that weak jobs report came out. >> we have been on this story for a long time. >> and the tapering is going to be seen as the move. >> right, right. >> but the weird part. >> we have also talked to other fed officials who say that they are not changing that forecast. if you get another. >> let's hope we aren't in some ways or another. >> we give an entrepreneur 60 seconds in the hole that venture capital will give him maybe millions. it is all coming up. plus the big paradox in the housing market and the answer to this question. what's the next big threat to a recovery. all that and more after we return from this short break. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that h

sec does have a role but i think the fbi will be taking a lead. >> one of the things that really jumped out at me after the fact and this brought home to me very vividly how dangerous that could be. >> i think part of the responsibility of the company once they allow the corporate executives to use their facebook pages and twitter accounts provided the shareholders to detect any apparent hacking and disseminate a correction to it. with the lance to use these outlets to disseminate . >> first, what is phishing? >> if i wanted to know what your facebook log-in is, i would send you an e-mail to a dumby site and say please log in here and as soon as you put in that combination i would know your user name and password. if someone were to wear a uniform from your power company. which means we shouldn't hold twitter akounltable. i was saying last night that i can't remember all of my passwords and log ins. but you better use different log ins and passwords for different accounts. the phishers will use that same one over and over again. >> they are phishing for your information. and one two thr

not really the sec. cftc has taken the lead here and they are still having a difficult time trying to show intent. this is a key thing. when people want corzine's scalp i tweet this out and people kill me, screaming at me, why isn't this guy in jail? look at this way, corzine's defense he put on a trade on italian spanish bonds. we point out that the trade turned out to be very profitable. people got worried about the trade in the market and they pulled out their money from, they pulled out their lines of credit. every brokerage firm needs lines of credit to survive, from mf global. the ensuing madness where mf global, maybe didn't have enough staff on board, caused them, it caused money, customer money to be somehow comingled with the firm money. it is hard to prove, that a, that trade was done with malice. which it wasn't. it turned out to be right ultimately. b, that he really was directing people to misuse customer money. it is, when you break it down, i'm telling you, i'm no fan of jon corzine polit

that's why her tenure at the sec, a disaster. she will be comfortable. as i said, soft landing. >> in broader american politics, if you're trying to understand the enthusiasm for people like elizabeth warren, ed marquee has taken a hard issue. this is why. there's a hunger for an emerging, progressive attitude towards these things that is much sharper elbow than we've been getting. >> simplicity and clarity of purpose. >> and the public interest is invaluable. eliot spitzer, thank you for being here. good to see you. >> thank you. >>> more to report on the arkansas oil spill. on the special election in south carolina and on that insane situation in texas involving the murder of the assistant district attorney and attorney. lots ahead. stay with us. >> announcer: an important free offer for men with balding or thinning hair. >> i'm happy with e way i look now. >> with his hair now, it's just this new-found confidence and there's a glow aboutim you just can't match. >> announcer: men, no diet, no exercise program, no new set of clothes can ever improve you

steve cohen's sec capital scandal inspires a new drama. has he been convicted by hollywood? do you ever have too much "money"? ♪ muck. ♪ ♪ melissa: a new report alleges tens of millions dollars in cia ghost money has been paid to afghan president hamid karzai's office. "the new york times" says that it's all the name of influencing him and gaining access to his inner circle. and get this, the paper says our tax dollars were stuffed into suitcases, backpacks, each plastic bags, being dropped off at karzai's office. it begs t question, was this a good or a bad investment for the u.s.? joining me is fox news middle east analyst washington leader if o race. welcome back to the show. i have so many questions. >> thank you. melissa: let's start with what did we think we were getting -- first of all, do you believe the story? let's start there? >> well, if the statement has been made, it is believable, it should be investigated. but this is a story that's now in the media and has not been denied by the persons or entities that have been part of it. but in the state of war in

we have former sec chair harvey pitt to weigh in next. adam: as we do every day at this time we look where oil is trading. still trading below 88 bucks a barrel. i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. i'm really gd that girl stayed at home. vo: expedia helps 30 million travelera month find what they're looking for. one traveler at a time. expedia. find yours. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platformrom charles schwab... tdd#: 1-800-345-25 gives me tools that help mfind opportunities more easily. tdd#: 1-0-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-5-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6

that's why her tenure at the sec, a disaster. she will be comfortable. as i said, soft landing. >> in broader american politics, if you're trying to understand the enthusiasm for people like elizabeth warren, ed marquee has taken a hard issue. this is why. there's a hunger for an emerging, progressive attitude towards these things that is much sharper elbow than we've been getting. >> simplicity and clarity of purpose. >> and the public interest is invaluable. eliot spitzer, thank you for being here. good to see you. >> thank you. >>> more to report on the arkansas oil spill. on the special election in south carolina and on that insane situation in texas involving the murder of the assistant district attorney and attorney. lots ahead. stay with us. you hardly know i exist. that's too bad. 'cuz if my pressure relief valve gets stuck... [ booooooom! ] ...we hot water heaters can transform into rocket propelled wrecking balls. and if you got the wrong home insurance coverage, it's your bank account that might explode. so get allstate. [ dennis ] good hands.

steve cohen's sec capital scandal inspires a new drama. has he been convicted by hollywood? do you ever have too much "money"? ♪ muck. ♪ ♪ girl vo: i'm pretty conservative. very logical thinker. (laughs) i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. (screams) i'm really glad that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking for. one traveler at a time. expedia. find yours. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. a brand new start. your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated suppo

longer term, i would like to be helpful to congress and to the sec. i have been in touch with people in congress, and i hope to be helpful to them. in terms of my longer term plans, have not figured it out yet. a lot of people said, you have burned your bridges on wall street, you will never work there again. but i think the point i make to but i think the point i make to people is that that is not what i hear from the public in terms of this idea of returning to fiduciary standards. the big players in the market are not hedge funds. hedge funds -- those investors account for five percent. the big players are teachers pension funds and sovereign wealth funds and mutual funds who hold people's 401-k's and donations and retirement savings. i would like to be part of the solution in terms of bringing a greater fiduciary standard back o markets. >> earlier in your talk you mentioned merrill lynch and lehman brothers and bear stearns as being three firms that were overleveraged and operating in the dark. and they kind of disappeared. could you give us your

investors who lost money in the bernie madoff scam cannot sue the sec. investors argued the securities and exchange commission "....failed to adequately investigate bernard madoff despite nurmerous warnings." a second u.s. circuit court ruled: the sec's inaction in the scandal is protected by federal law. the madoff ponzi scheme cost investors $17 billion dollars. there will be no golden parachute to rescue former jc penney ceo ron johnson. johnson, who came from apple, was dismissed this week from jcp due to poor performance. johnson had a deal with penney to be paid mostly in stock when he became ceo in 2011. he owns 900,000 shares of penney stock.. but it only has value if penney stock climbs above $29 dollars. the stock closed last at $14. hedge fund manager bill ackman who has a major stake in jcp gave the stock a bit of a lift yesterday when he told reporters he's standing by the retailer. investors rolled out the welcome mat for taylor morrison this week. shares of the homebuilder opened up 6.1% yesterday, from its ipo price of 22 dollars and clos

can travel thrust wall up into the sec there are into the attic and fir actually travels faster in these structure. >>reporter: is that what you think happened. >> absolutely n.this particular structure is old. older. again we don't know where the fire load was on the second floor. >> this is very historic building. housed in the bott]m floor for 101 years an just closed this past february the cycle shop. we spoke with the own an he was out of town but he said the last bike had been pick up just this morning. he bill itself as oldest continuing running bike shop in the u.s. opened at the corner of south first and margaret in 1912. bike store. repair shop and museum in all one. back live now firefighters tell me no surrounding buildings have been evacuated and this fire is now under control. but there is still smoke come from the top floor and still worried about the building collapsing and that is why people really should avoid the entire area for several more hours. right now south first is close from east reid to virginia. live in san jose tonight, abc 7 news. the. >> boston bombing l

can travel thrust wall up into the sec there are into the attic and fir actually travels faster in these structure. >>reporter: is that what you think happened. >> absolutely n.this particular structure is old. older. again we don't know where the fire load was on the second floor. >> this is very historic building. housed in the bott]m floor for 101 years an just closed this past february the cycle shop. we spoke with the own an he was out of town but he said the last bike had been pick up just this morning. he bill itself as oldest continuing running bike shop in the.s openedhe crorne of south first and margaret in 1912. bike store. repair shop and museum in all one. back live now firefighters tell me no surrounding buildings have been evacuated and this fire is now under control. but there is still smoke come from the top floor and still worried about the building collapsing and that is why people really should avoid the entire area for several more hours. right now south first is close from east reid to virginia. live in san jose tonight, abc 7 news. the. >> boston bombing lates. 11

and 8k filed with the sec is seen by far less people. how is it that social media disclosure is somehow more limited or more exploited than sec? liz: there is a danger that one piece of information is on one website. you know that people are naturally they will not go hunting for everything. read hastings at netflix got tripped up by this. he disclose on his personal facebook page 1 billion plus hours used on netflix. that is really amazing stuff. if pushed this new sec world. dennis: thank you very much. elizabeth macdonald. cheryl: the dreamliner on its way back into the sky. one airline beginning test flights on sunday. we will have details coming up in the west coast minute. dennis: michael pinto is joining us next. ♪ copd makes it hard to breathe... but with advair, i'm breathing better. so now i can help make this a great block party. ♪ [ male announce ] advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilato

longer term, i would like to be helpful to congress and to the sec. i have been in touch with people in congress, and i hope to be helpful to them. in terms of my longer term plans, have not figured it out yet. a lot of people said, you have burned your bridges on wall street, you will never work there again. but i think the point i make to people is that that is not what i hear from the public in terms of this idea of returning to fiduciary standards. the big players in the market are not hedge funds. hedge funds -- those investors account for five percent. the big players are teachers pension pants and sovereign wealth funds and mutual funds to hold 401(k)'s and donations and retirement savings. i would like to be part of the solution in terms of bringing a greater fiduciary standard back to markets. >> earlier in your talk you mentioned merrill lynch and lehman brothers and bear stearns as being three firms that were overleveraged and operating in the dark. and they kind of disappeared. could you give us your thoughts on why lehman was allowed to b

the sec said he is a former president and chief operating office at home depot. they said he purchased 25,000 shares. he declines to comment. to resolve allegations that it bribes government officials in argentina. in argentina to obtain improper. took place over a period of about five years. ralph lauren disclosed the incidents itself and part of the reason it decided not to prosecute in this case. the company did all the right things in this case and they say they are thrilled with the outcome. and there are new faces dealing with those issues today. former federal prosecutor have been named co--directors of, that's the first time they have had co-. >> apple has lost its cool factor. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. (announcer) scottrade knows our and invest their own way. with scottrade's smart

can travel thrust wall up into the sec there are into the attic and fir actually travels faster in these structure. >>reporter: is that what you think happened. >> absolutely n.this particular structure is old. older. again we don't know where the fire load was on the second floor. >> this is very historic building. housed in the bott]m floor for 101 years an just closed this past february the cycle shop. we spoke with the own an he was out of town but he said the last bike had been pick up just this morning. he bill itself as oldest continuing running bike shop in the u.s. opened at the corner of south first and margaret in 1912. bike store. repair shop and museum in all one. back live now firefighters tell me no surrounding buildings have been evacuated and this fire is now under control. but there is still smoke come from the top floor and still worried about the building collapsing and that is why people really should avoid the entire area for several more hours. right now south first is close from east reid to virginia. live in san jose tonight, abc 7 news. the. >> boston bombing l

the sec a great place to invest. more competitive, trying now wages, cheap energy for the first time. advanced manufacturing. that is why we have been building new plants. as we like to say to my training gap, hoping that this program will help us and our customers for software build some of that training. liz: the announcement, it will become official at 4:00 p.m. eastern. siemens is going to train for free thousands and thousands of veterans press some other higher-paying jobs and programs. thank you so much. very patriotic in good job. we appreciate it. thank you so much. we will see you next time. the closing bell ringing in about seven and a half minutes. live here. more from the milken conference. the brilliant minds out here. two media giants, direct tv chairman and ceo in a fox business exclusive. and willis to the media ceo, did not miss those big interviews. plus, after the break, last chance to make money. on track for yet another record high. you will be right back live from beverly hills and the milken i

instead of going to sec filings and taking a lot of time to do that, any type of investor, a regular investor with two taps see the history and see warren buffett for example, has wells fargo for about five years. he consistently been buying. so that is the type of information that we provide you just used the word history. wall street is about looking forward. the edge goes to people that look forward. isn't this a lagging indicator? how does it help me if i know what he bought yesterday? >> we are really focus on the long-term investment. when you look at the people we choose to be in our app, these billionaires are financially billionaires that have been very consistent through the last decade maybe, investing and picking for the long term investments. so it is very rich when you have the quality information because you don't have the bias what is happening today. they don't think in today. liz: in essence you're aggregating, you're putting together all the sec filings that these guys are required to put in and letting the average individual for free, look at it and you make it in

they would look at the sec website. they all go to facebook. >> can you tweet, this would be an upside surprise? can you tweet that? is that okay? >> no. i'm sure we'll be wrestling with that question for the next two years. >> how about buy my stock, is bms. that's what it stands for. vodafone down 2.5%. yesterday we discussed this strange story and we were somewhat skeptical. in britain the uk laws even when the ft or any reputable news organization comes out with a story, the companies are forced to actually say something one way or the other, so we did get that, 8k from verizon yesterday saying we're not talking to at&t. we're not talking about buying voted phone. we're not doing that. that does not mean that verizon and they said this is fine and they're want interested in continuing or trying to see if we can have a negotiating parter? to buy wireless it sdvsht already own. certainly the timing for that might be appropriate given how cheap money is. if you were to do a deal they would have to raise perhaps as much

is the sec going to step in and do something? that is questionable considering the sec just made it okay for companies to release their earnings on twitter. so they have already tried to jump ahead. neil: i did not know that. the sec says is looking into this, you're right. it did announce that you could treat them. how many characters? >> 144. neil: that's right. the whole quarter and that number. issue number two. walmart, hooking up with a man of steel. the exclusive place to go if you want your earliest about superman movie tickets this summer. at think this is stupid. i do not think it is any real alleged. >> it has been an edge for people in the music industry. what we thought were is done, starting to revive themselves. neil: walmart first. >> absolutely. i did not cut to last superman. a better shot of me bumping into that the walmart counted and actually going to the movie theater. neil: what do you make of this? i know what time warner or warner brothers to get out of this, but i'm not quite sure what wall markets out o

the sec filed civil charges. it is perfunctory often in insider trading cases that the sec gets directly involved. we should point out why this is serious and discuss who it is serious for in a second, it is serious because the justice department is investigating. this is part of the wide-ranging investigations to insider trading and when someone, when the justice department investigates you go to jail. sec run out of business or gets fined. that is why this is big. melissa: good point. >> we should point out who they're investigating. i've been in contact with sources close to kpmg. they are telling me kpmg, the entity, of itself is not being investigated by the fbi and the justice department, is not. who is being investigated? the partner himself, mr. london is being investigated. his activities are being investigated. kpmg in of itself i understand, may change in a few minutes, i will come back and change it but i generally know how this stuff works, kpmg is not being investigated. why are they being investiga

sec says you companies can use twitter. tracy: right, right. ashley: emac, thanks so much. >> sure, delighted. ashley: good stuff. tracy: now we have this, the fa at chief is taking heat on capitol hill why flight delays. why he said they are just unavoidable. that's next. ashley: apple shares on a wild ride after less than stellar results. one investor tells us why he is still buying the stock. he says come on, it is still a good deal. he will be coming up. time to check how oil, gold and other metals are trading. the dow is essentially flat on the day. oil is up, as you can see 2 1/2%. 91.41 a barrel. big day for the oil sector. metals as well recovering after getting hammered earlier on in the week all showing green arrows. we'll be right back. ♪ hey everybody, hi mom... streaming live with a tour of my new place... knowing you can still reach out. ... and now you've seen it. that's powerful. verizon. get mom a lucid 2 by lg for free. why are 8 million people why are 8 million people sleeping better tonight? they went to a sleep number sto

he has information on a key figure of that sec case against s ac and how he is stumping his attorney. why does this matter? charlie gasparino will tell you. stay tune to. ♪ ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ >> i and dennis neil with your fox business briefs predicted -- disappointing jobs report today sparking a sell-off is down 92 points. it has been worst faa is delaying plans to close 149 federal contract air traffic towers until june 15th. last month it said it would start phasing out the towers starting sunday as part of the required budget cuts of $637 million of sequestration and. and consumer borrowing rose with a jump of student loans and auto loans the fed says consumer cr

the sec said beg elman a chief operating officer at home depot gleaned information about the pending merger from a member of the group and purchased 25,000 shares, about to make nearly $15,000 in illegal trading profits. begle begelman's attorney had no comment. they say they bribed officials in argentina. the u.s. government allege they were paid by a ralph lauren subsidiary to obtain dleerns of merchandise and sometimes to avoid customs inspection altogether. the government noted ralph lauren disclosed the incidents, itself and said that was a part of the reason it decided not to prosecutor. the attorney says the company did all the right things in this case and is thrilled with the outcome. >>> there are new faces at the sec. they announced that acting director george kennelos and andrew zerney have been maimed in charge of the code enforcement. >> many thanks, eamon javers, we appreciate it. >>> now, the faa unnecessarily furloughing air traffic controllers and stalling out flights. this isn't all politics. there is a much better way to handle this. we will ask a top airline pilo

contacted them about the early release and officials at the sec appreciate that. tracy: i bet they do. thank you. that's great. you have a great weekend, sir. all right, it's time for stocks now. nicole, what's the latest on starbucks? don't tell me, they closed down, can't buy any more coffee. nicole: if starbucks closed down, i closed down. i want to talk about prices of coffee, tracy. what we're seeing is the war in the grocery store. what we have seen his the actually lowered their prices by 6% and that was in february. starbucks is lowering their ground coffee by the bag in the grocery store by about 10%. 12 ounces will be $8.99 instead of $9.99. obviously a competitive game. if you want to buy a cup of coffee at starbucks, that will be the same. i'm just talking but if you are shopping in the grocery stores, it could be a little cheaper. tracy: it is not often a pass on savings to us customers. i think it is a feather in their cap. we will see you in two minutes. dennis: it is a bold statement, the worst compan company in amet consumerist.com 2013 list is ou

. >> decirlee a su hijo que sec oma toda la comidad puede ser contraproducente. >> ya regresamos @x . >> (♪ ♪ ). seguramente cuandoi usted era niño le obligan a comerser toda la comida ante del postre, un estudio dice que los menore stiene más probabilidad de aumentar de peso con eso, así no engordan de niños pero después si cuando grande. >> una broma que se ha hecho popular en internet, es sumamente peligrosa, el desafrio de la canela, es inhalar la canela pero puede causar ahogos, incluso el colapso de los pulmones. >> si le gusto el día de hoy tiene suerte porque estará más lindo mañana estamos con guillermo quiroz con más información . >> feliz inciio de semana, se ve como la capa mariángela es alejada al interior de pacifico, todavía la dirección del viento del norte hacía la región así vemos como se aleja el sistema en la imagen sme ve como vma< saliendo la capa, en esta imagen se puede ver toda california, salvo ese oleaje, así que el panorama es estupendo las temperaturas continúan pero ese viento que viene de oeste, despejado mañana martes, miércoles

there are more disclosures about north korea in sec filings. a jump of 29% for the first quarter of this year versus a juor beating expectations. that is the nail of the game right now, guys. tracy: do you think we're numb to it, liz? >> numb to it? when you talk to the guys on wall street, they are serious, this is according to one analyst who is not being global in perspective. he is just saying this may be an event that we will have to live with as ireland did, northern ireland, with bombings. it is not saying that is something that is great. he is not applauding it. of course he is not saying i know or have any inside information. tracy: of course. >> i didn't mean to say applauding it, that he has information as if he knows better. this is the reality of the marketplace, what the general public will have it deal with and of course the markets as well. tracy: interesting, especially based on the way the markets reacted today.with s bottom line. adam: thanks. joining us with more on the story about terrorism is terrorism expert michael kushn

. >> just a quick update on what the sec is learning. >> that might be a little bit of an encounseloring sign here. but they are still gathering string over here. we know that the fbi is investigating as well. monitoring this situation. we also know that there is going to be a hearing on cyber security later in the afternoon. we expect some questions to be raised by members of congress about this event there. but broader questions also on cyber security and the protection of the nation's infrastructure here. this event is putting a lot of focus on cyber security and how it can move things in markets and physical space. >> you are absolutely right. jake, you're getting angry and feel as though they have been wronged. do you have a case? >> i have been hearing from investors who have been hurt by this latest twitter crash. people who had stop loss orders that were executed. people that were on margin. we're looking at individual cases against their firms. also considering a class action because people had mutual funds that may have had the same losses. we're looking at individual and class

we know that the sec is letting customers do this. reed hastings at netflix put on his own facebook page information. tracy: 20 different places for people to check. that does not necessarily mean that all 20 places have the same information. liz: t. go to the government website. ashley: interesting. thank you. tracy: coming up, exchange fees. another airline dropping something that many flyers will miss. ashley: it is time to check the ten and 30 year treasuries on this friday. we will be right back. ♪ friday night, buddy. you are gogonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. ♪ >> i am lori blackman with your fox business brief. president obama is preparing for his trip to central america next week. today's meeting at the white house will include procter and gamble ceo and ceo of -- confidence pushing shares of jcpenney's higher. suba

the audit was required network settlement with the sec. sans heading into at&t park and some before to downsize the that they bring into the stadium. scott rates has details. >> if major-league baseball decides to change this you will only be allowed to bring in a backpack the size of a lap top back. i have fans and ask them what it all the changes. >> i think it's kind of ridiculous. >> why is that. >> i think security is a of which about have to worry. >> you have families that have babies that carry their stuff that they need. you know what i mean? if they will put a restriction on it did not make it so small that kids cannot have their saxon there. >> right now they're almost during a strip search now they're checking your bags. they need to change something. >> i want my bag to be as big as i wanted to be. >> reporting at at&t park scott rates kron 4 news. we back at the kron 4 morning news continues. we will see how much more it cost to go to the prom. but first a live look from dallas tx as we follow the dedication of president ogeo

you can do it through an sec rule. the faster way is for shareholders to go to their companies and say stop what you are doing. are different gradations along the spectrum the first thing is disclose. these shareholders should be going to the boards saying we want to know what we you are doing in politics. >> bill: i have been involved in california in a couple of battles like that, and actually went to shareholder meetings and at one time made a pitch -- but as a radical oren grade to shareholders, you can also get voted down. >> look, it's very hard to win many of these shareholder resolutions. there is a whole separate complicated issues of why shareholders -- who owns the shares? pension funds, endowments those groups do not even embrace the more -- you use the word radical, progressive way -- you know, out of the box ideas for what should be done at the corporate level. having said that this idea is main stream, sensible is a disclosure issue and so this one i think will get a lot of traction and should be success