stock saga.... after mounting accusations... the government steps in to investigate herbalife. in today's cover story... how president obama's latest "pay proposal" is shaking up washington. and.... steer clear of theaters...our critic has an alternative to going to the movies this weekend. plus...a "lightbulb moment" for local governments .... a look at how these lighting structures are having a bright effect. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning! it's march 13th. i'm angela miles. in today's first look: hanging in the balance.the market muddled around yesterday with no major data to key off. the dow fell 11 points the nasdaq up 16 and the s&p at the

flat line.gold gave traders some excitment rising $20 and oil dropped $1.92. pfizer is among the stocks to watch today after losing a patent ruling for its number one selling arthritis drug celebrex.gm is out with a recomendation that drivers use just one key and the fob to avoid an ignition switch issue.the ignition is under recall. gm is offering free loaner cars. president is urging congers to pass an aid package for ukraine while warning russian president vldamir putin of the high cost of invading the nation. todd horwitz of average joe options joins us on the show now. good morning bub. >>good morning angie. >>are we in for a market meltdown or a holding pattern? >>it's a great question and i think the market's actually going to make an extremely large move here. i tend to think to the downside. as you know i

like to be dr. doom. but if it went to the upside it wouldn't be surprising. what we're seeing here is real severe consolidation or congestion and the market's gonna break out pretty big one way or the other. i do think it's to the downside but if it went to the upside i think a lot of it will have to do with the fed meeting next wednesday. >>copper choppercopper is at a 4 year low. is this all because of china? >>i think it has a lot to do with china but i think you have to take a look at what's going on in the u.s. we're not building, we're not producing, we're not doing anything which would mean that there's not a big need for copper which means there's a lot of supply---which means prices are going down.i think in that lies the problem of the economy which is why i think we go lower. >>good to have you on the show this morning. we'll see if that turns out. >>thank you. chuck coppola picks it up from here with the search for malaysian airlines flight 370. chuck? a chinese satellite is said to

have spotted three floating objects relatively near malasia airlines flight 370's original flight path. the objects are not small--two of them are more than roughly 40-feet by 60-feet. and the third object is even larger. a chinese government agency calls it "a suspected crash area at sea."but the satellite images do not confirm the objects as pieces of the airliner, missing with 230- people aboard since saturday. the missing malaysian flight along with political crisis overseas are creating a cloudy forecast for the airline industry. the international airline industry group predicts air carriers will still reach a record profit this year. but not as high as thought. the number is expected to drop from $19 billion to $18 billion. among the issues: higher fuel costs, venuh-zuela's decision to block airlines from taking profits out of the country, and the ukranian crisis. the airline industry group predicts due to unrest oil will average $108 per barrel. tesla gets a jab from new jersey. the garden state is banning direct sales of it's

electric cars to consumers effective april first.tesla accuses governor chris christie of "going back on his word" to delay anti- tesla regulation.christies office accuses tesla of attempting to bypass the legislature.tuesday, new jersey motor vehicle officials approved legislation that prohibts car companies from direct sales.tesla sells directly to customers versus car companies that have dealerships. arizona and texas also ban direct sales of tesla vehicles. the ftc sees a need to weed out any improper business dealings by herbalife. the stock wilted 7% yesterday after the company revealed receiving a "civil investigative demand" from the ftc. and welcomes the inquiry given the tremendous amount of misinformaiotn in the marketplace. herbalife which markets energy snacks and vitamin supplements-- has been under attack by hedge fund investor bill ackman who calls herbalife's business a pyramid scam. brian bolan predicts herbalife stock won't fall or rise much more than 10% from current level.. in our cover story---millions of americans who work overtime but are not compensated for it are expected to get a boost from the white house, today...an

executive order directing the labor department to overhaul overtime pay grades.but early on, there are signs of significant push-back from business. by executive order, president obama plans to direct labor secretary thomas perez to revise overtime regulations --- specifically expanding the number of salaried employees who qualify for extra pay for working more than 40-hours a week. "as a result of the recession, a lot of employers cut back and are making their employees work

longer hours but those people don't receive overtime." right now, businesses aren't required to pay overtime if certain salaried employees make more than 24-thousand dollars a year. the obama administration wants to raise that threshold to about 50-thousand a year. it would expand overtime pay to as many as ten million people, according to the economic policy institute. "i can name a number of clients who'll push back. they've already budgeted for aca and now, to have to pay time-and-a- half // it'll essentially destroy their margins." expanding overtime won't just happen with the stroke of a presidential pen; there will be a public comment period. already, push-back has begun. "if you don't have a job, ot doesn't matter. it's one more example of how obama is not

helping expand employment." and the u-s chamber of commerce released this statement: "changing the rules for overtime eligibility will make employees more expensive and...will fall most harshly on small and medium sized businesses." "while i suspect it will receive pro and con comments, it will pass just as the last revision to overtime passed by george w. bush." it's expected that labor department revisions would restrict how businesses classify employees as executive, administrative or professional" to avoid paying them overtime. the situation is quite different on wall street...where bonuses are robust. the average payout to people in the securities industry soared 15% last year to $164-thousand dollars. that is the third biggest bonus on record.the other two stand out

years according to new york state officials were 2006 and 2007. an ex goldman sachs trader is coughing up a fat fine. fabrice tourre will pay 650 thousand dollars in fines, and give back a 175 thousand dollar bonus from goldman. tourre, who became infamous for nicknaming himself "fabulous fab" --- was found guilty in august of lying to investors leading up to the financial crisis, and selling securities he knew would fail. more ceos are quitting the c- suite. evidence from outplacement firm challenger gray and christmas finds 112 ceos left their roles in february. that's a slight increase from the same time last year.john challenger says improvements in the economy are putting pressure on those at the very top. "there's a lot of pressure on ceos right now, as the economy continues to slowly improve, companies are moving towards looking for ceos not who can manage during tough times and

eek out a profit, but instead ones who can capture the potential growth that should be available in the next several years." the flood of ceo exits were lead by healthcare, tech, government and financial services.challenger adds that more companies are hiring external candidates, rather than promoting from within, as more high quality applicants are available in the labor market. well one, extremely powerful executive has just shocked hollwood with news of her departure. anne sweeney, president of disney abc television group says she will step down by next year.it's a gutsy move. considered by many one of the most powerful women in hollywood -- sweeney plans to go from the corporate boardroom to behind the camera, as a tv director. effective immediately.. kodak is naming a new leader. jeffrey j. clarke is taking the top job.he replaces antonio perez who has been kodak's ceo since 2005.perez said last july he would leave the company within a year. clarke comes from an investment

firm specializing in technology companies. now on to two stocks that are prompting a "swift exit." shares of fannie mae and freddie mac continued a dramatic slide lower yesterday as the senate banking committee discusses dividing the two names from the mortgage market altogether. the proposal -- out this week -- still requires approval, but it's looking more likely the nation's mortgage system, is shifting to at least partial private control. the government bailed out fannie and freddie during the housing crisis. despite controversy--.two firms are taking a shot at creating high-frequency trading for bitcoins. the wall street journal reports perseus telecom and atlas ats launched the bitcoin exchange wednesday. the digital currency platform is available in new york, hong kong and singapore.mt gox - the world's largest bitcoin exchange based in tokyo received bankruptcy protection this week after it suddenly collapsed. a craving for tech ipos is

fueling high hopes for the upcoming candy crush ipo. dublin based "king" , the maker of the candy crush saga... says the ipo could be worth as much as 7.6 billion dollars.it expects to sell 22 million shares priced between 21 and 24 dollars. according to king's ipo filing, candy crush has 93 million daily users, and accounted for about three quarters of king's 4th quarter revenue. the ipo is scheduled to price-in march 25th. target is getting a mark down by a retail consulting group. but the stock is not selling off.. shares rallied to $61.10 yesterday.even after kantar retail reported that targets customer traffic in january in stores and online hit its lowest point in 3 years. much of that is viewed as fallout from the the massive security breach during holidays. gen xers were especially reluctant to shop at target. the retailer is working on re-building its image by making security enhancements. a solar panel maker is moving into best buy stores. it's happening in five states, and best buy will get a cut of its sales. representatives will be in about 60 stores and will be on hand to help shoppers.solar city has a similar deal with home depot, and says it is a success. solar city shares shot up 7% yesterday. google may have something in store. crain's new york reports.the search engine company plans to open its first us shop.the google store may locate in new york's soho neighborhood near a shop around the corner--- known as the apple store.its suggested google would sell google glass and chrome laptops.google has no comment.

still to come: glazed goodness! why doughnuts are causing a stir on wall street. plus.... we'll shed some light on the new discreet ways you're being watched... and next the film "fan's can't wait to see. after all they did pay to get into the box office. we are back with that next, in movies and money..

independent films are screening this week at south by southwest in austin texas. we tracked down our film critic erik childress who is there hanging out with some cool people and also in his hotel room right now. good morning to you erik. >>good morning. >>give us some of the highlights from south by southwest. >>it's nice to be down here in austin and see a film from chicago making some waves out here.it's a film called animals and it was co-written and

starring an actor from chicago named david dastmalchian has won one of the grand jury prizes here a couple of days ago. it's nice to see that in a field with so many big films like seth rogen's neighbors and the veronica mars movie that's coming out this weekend. >>what do you think about the veronica mars situation? the fans love it. through crowdfunding and kickstarter they poured in some $5.7 million just to get it on the silver screen. >>well i don't think it's gonna make that $5.7 million back at least in the theaters. maybe when it hits video it will pick up pace. but it's only gonna be playing in a handful of theaters after all the expense and time that went into crowdfunding this thing. we're gonna see it mostly on on-demand. so that means people who have cable service and amazon and itunes can watch it at home and don't have to hunt the film down in the theaters. >>at the box office last weekend, 300:rise of an empire came in at number 1 with $45 million, mr. peabody and sherman at $32 million, non-stop at $15 million, the lego movie at $10 million, son of god coming in at $10 million. but analysts are really down on this mr. peabody movie. they're

saying that dreamworks could take an $84 million write down. what do you think? >>the panic derives from the fact that this was a very expensively budgeted film--$145 million not counting marketing costs. the $32 million opening is okay. it did a lot better overseas where it's now $100 million worldwide. this is a film that's going to need about $350 million just to break even. the dreamworks stock might be down now but they have a savior on the way this summer with how to train your dragon 2 which i think could be the number 1 film of the summer. >>opening this weekend we have 2 filmsneed for speed by disney and tyler perry's the single moms club. what do you think about tyler perry's movie? >>i don't think about tyler perry movies. they don't let us see them so i don't have to think about them and i don't

have to rush out and go see them. between those two movies opening this weekend i think it's a good time for the veronica mars fans to stay in and find where they can see it online through on-demand, amazon, or itunes. stay home and watch veronica mars and forget the movie theaters this weekend. >>thank you erik. enjoy south by southwest. >>thank you. coming up... shedding new light on what's happening behind the scenes at on city streets, parking lots and airports. and later in chart talk.. does krispy kreme have the recipe for stock success? stay with us! ♪ ♪ ♪

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new led light fixtures are popping up in airports, parking lots and highways that don't just give off light - they are part of wireless networks that use cameras and sensors that help municipal governments better manage things like traffic, public safety, energy and more. jesse foote is a

lighting industry analyst at global research and consultant firm navigant. data- gathering light fixtures, how big of an industry will this be? > >well bill, at navigant research we're projecting this portion of the market to grow quite quickly. our current projections is 17% growth per year bringing it up to $5.3 billion by 2020. > >who are buying these systems? is it usually port authorities and municipal governments? > >those and sometimes utilities. sometimes commercial businesses that are site lighting--lighting their walkways and their parks. > >i mentioned some uses-- airports and parking lots--but what other applications might there be for this kind of data gathering light? > >really anywhere--once you have a network of lighting that provides both power and communications adding additional sensors is relatively cheap and can bring a whole host of information. so things like

air quality sensors--if a city has a whole network of those to provide real time information to residents on air quality, on traffic patterns--a whole range of possibilities there. > >i know the director of cyber security research at indiana university-- the word he used for the potential of misusing this data--he said it's terrifying. i guess it's important that these systems be maintained as pretty secure. > >absolutely. i don't claim to be a cyber security expert myself but i have talked to a number of them and the consensus seems to be that if those concerns are taken into account upfront rather than tacked on in the middle or the end of a project then the systems can be quite secure and those concerns can be addressed. > >jesse foote from navigant-- thanks so much. > >thank you bill. bill -- here's a tip for your trips to starbucks. the coffee

chain has a new app coming out next wednesday. and with a swipe of a smartphones customers can pay for coffee plus tip.according to starbucks the tipping option on the app was requested by customers. just ahead--dough is rising in more than one way at krispy kreme. and that's giving trader something to chew on- that's next in chart talk.

trader matt cavanaugh of cmz trading joins us for chart talk this morning. i think i'm going to become very hungry during this hit because we're talking about krispy kreme donuts. good

morning. >>good morning. >>profits tripled. the stock was up some 11% after the close. but is it too late to buy the stock? >>i don't know. i think the jury's still out on this one. they really had a nice comeback. they announced that they're repurchasing more shares. so it looks like all things are firing for krispy kreme. they kind of had trouble at the $20 range but now they're above that. so it will be interesting to see if they'll stay up above $20 or if they sell back off but i think it looks like they're going in the right direction. >>what about plug? earnings are out this morning. it's been such a hot topic all of this week. is this stock too hot to handle? >>this is one of those things where there's a lot of exciting stuff going on in the

technology. obviously they signed a big deal with walmart that people are really excited about. but the problem with this company is that right now for every $1 in product and service they are actually losing $1.87. so if you're going to play this one, this is going to be one of those speculative plays. be prepared to lose money on it. this was a stock that has been 12 cents, it's been $11, back around $7. so it's flying all over the place. there's people that think it could go to the moon and also some people that don't think it's worth anything so speculative money only. >>would you buy it and if so what level? >>i don't really know enough about the company and enough about what's going on. i think the technology's great. there's some good things going on. but for me it would be one of those trade things. if i see a move one way or the other and think that it's overdone one way or the other the maybe i would do it for just a trade. but for a long term play i really have no idea. >>thank you for coming on the show this morning matt. >>thank you. coming up tomorrow...traders unplugged. the guys will be here with the great debate on stocks to buy..and more. from all of us at first business..enjoy your thursday.

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