of thomson reuters. reuters is the largest international news agency in the world. we have more than 2,900 full-time journalists in 2300 bureaus around the world reporting in 20 languages. globally our addians includes more than 1,700 text, media and 600 tv clients over 35 million visitors to reuters websites each month, and more than 400,000 financial professionals subscribe to thompson reuters desktop products. on april 10th, the labor department notified our washington bureau chiefs and other news organizations about major changes they planned for the operation of lockups then covered the changes in detail so i won't repeat those. needily to say, we were taken aback by the change. dramatic and without advance notice and no real explanation of the rationale and walt consultation with the news organizations. i want to be clear on two points. we believe lockups are extremely useful in presenting accurate and athortive sensitive data and provide journal ichts time to better understand the information befo

again, according to reuters. unnamed sources.we'll be watching will weekend. >> still to come, we'll be speaking to the u.s. winner of the ernst & young entrepreneur award. >>> earlier we asked whether you agree with the stop merkel stretrend that emernlged on twitter. and we got spain must not want germany's financial help anymore. perhaps it's a fine line to draw. if you want to join the conversation here, here are your thoughts. get in touch with us. you can contact us by e-mail or tweet us. >> always love to hear from you. ceo of glencore say companies need to bring up the cash. and he would have on to leave if voters to decided votes down his strategy. sovereign wealth fund has boosted its stake. over 10% in the mining group and that includes options. >> and the fed has voted to advance the skaultd basel iii capital rules for banks. reports saying than the 19 biggest u.s. banks could gas a 50 to $60 billion shortfall under the new rule which is require them to have a rnlg later buffer on hand around 7% of their assets. the r

clay got up and said to reuter, whispered to reuter, actually, he's all yours now.s lost to history what happened when outer and dulles -- outer and dulles were alone. but dulles never said another bad word about the airlift. >> what actually was available when we talk about the possibility of this? feeding two million people, providing heat? on a good day in the summer, berlin is not terribly warm. so there was very little fuel to do this. did they have any sense how long an airlift would go on? >> it's an interesting question. one of the reasons the military was against it was that it meant taking every plane we had and many that american airlines had. but our military planes were all in the pacific. and the generals and commanders did not want to strip everything on what they considered this fool's mission. saw that what was available in the beginning were the 37 planes, dc-3s could carry three tons, dc-4s could carry ten tons, and at the end of the airlift we were landing the major cargo being coal, the second being flour and then down the line, we were landing

they came up with a unique approach to reuter there is not one that can meet all the needs required for the 10,000 lives, so they have a lot of funds -- alotted funds so we can contract to provide a level of service to the population, so they have done a lot. they made contributions to our capital project. good eveninthere's a lot of thiy have done. >> i am going to call a few more names. [list of names] next speaker. good >> my name is his stylgise. i've brought a map. if we lose st. luke's and thrilled another hospital downtown -- and killed another hospital downtown, we will be more unrepresented i. i am in district 11, only 10 minutes from st. luke's hospital, both cathedral hill is about 20- to 30 minutes in a perfect trafford, which is rarely the case. it does not have a fully equipped er. every emergency visit must be referred to another hospital in the system company so someone who is referred after a 10 minute drive must get back on the road for another half-hour to reuter this means care could come later. this is not good for the health of the south and southeast neighborhoods

there was a recommendation downtown would require additional servers to reuter when the downtown plan was adopted, the expectation was that it would serve as a commercial with office uses, and that has not entirely been the case. in 2001 they conducted a study, and that established an impact on the transit system. an update broaden the application to some other commercial users along with citywide superio. many of the changes in the ordinance are consistent with what is being proposed with an important distinction it is not propose to apply for residential, sir to give you a little more of an idea of the changes under consideration today, some of the land use definitions have been changed to provide greater consistency. the majority of impact fees are in the planning code, so there was not always a comprehensive tie back to the planning code, so in terms of specific changes, one is to provide ammonification that so find child care facilities here are your -- that defines a child care facilities. goothe of state also changes the definition of an abandoned use. it currently it applies i

our general orders needed to be updated to reuter those sgt -- to be updated. those sergeant's assisted with direction and making sure things were done in a timely fashion. i do not think he will be coming back to the unit, and the other sergeant went to a patrol functions. >> thank you. thank you very much. inspector beaumont item 3b. >> review of recent activities, the statistical report, and companion reports for april 1, 2012 through april 30, 2012 and january 1, 2011 through january 30, 2011. >> good evening, members of the commission and members of the audience. first i will talk about recent activities, specifically about complaints activity that occurred on april 30 that is in your package. from april 1 we received 17 less cases and opened in april, but looking at those that were open during those years, there was only a five-cases giffords. -- difference. they closed 76 cases. april 30 they had 344 pending cases. today they have 340 pending cases compared to 460 on may 15 last year, so pending cases is dropping. a gooit is certainly smaller thn last ye

you and i reporting what david cammeron's folks said to reuters.the comment shortly after the british prime minister david cammeron and russian leader made it clear he doesn't want assad to remain in power. all hopes that the russian president had backed off that appear now dashed. backed him into a corner there has been a diplomatic effort by the u.s. and by the u.k. to put the russian president under increasing publish to withdrawal his support from president assad of syria. president putin himself now it appears backing away from that and saying what he has essentially said all along that syrian people have to be the ones to decide their own political future. and, of course, it all comes down to action anyway. not words. and the action has to ultimately happen here at the united nations. first security council resolution would be the way to begin to pressure president assad to step down and to start organizing a transition to some sort of democracy. but if the russian president is backing away from what prime minister david cammeron reported, th

we're taking care of everything. >> while officials sound positive, reuters reported a day earlier that many muslims were attempting to flee by boat to bangladesh, but they were refused permission to land. >>> turning now to afghanistan, a conference to discuss reconstruction assistance to the war-torn country will take place in tokyo next month. it will be at least the second conference on support for afghan in less than one month. calls are growing for participating nations to hammer out details of their contributions ahead of the meeting. from kabul, nhk world's hideki yui reports. >> reporter: foreign ministers and other representatives from 14 countries neighboring afghanistan met in kabul on thursday. they discussed ways to deepen cooperation and improve security in afghanistan. japan was present as observer. it will host an international conference on aid for afghanistan in tokyo in july. a japanese senior vice foreign minister asked participating nations to present specific terms of financial aid when they meet in tokyo. u.n. secretary-general ban ki-moon is also expected to att

reuters, ipsa poll has it tight at 45-44%. recommend centered voters.itics average of polls you is a little bit tighter today. this takes the ample of recent polls 45.7 to 44.9. that is where we are. the panel, charles lane, opinion writer for post. jeff zelney national political correspondent for "new york times." syndicated columnist, charles krauthammer. chuck, the line the president used about this is all baked in the cake. the republicans ordered a steak dinner an walked away on the bill. does it sell? >> i'm confuseed whether they ate the steak before they left or not. you wasn't entirely clear. i don't think it sells so much anymore. actually, there is plenty of truth to what he said. the real truth is the recession what blew a hole in the federal budget. i think after three years in office, people are looking for more of an explanation how we get out of this than how we got into it. that seems i think to be what a lot of people including a lot of democrats are concerned about in terms of the campaign message. the lack of something positiv positi

the reuters investigation alleges chesapeake worked with a rival to split land before a public auction to avoid driving up prices. ecana's u.s. traded shares fell on the reports as well down more than 4%. all five of the most actively traded exchange traded funds were down with the stiffest selling in the financial sector fund down 2.1%. and that's tonight's market focus. >> tom: more now on the impact of one of today's supreme court rulings in the stock market. the high court effectively upheld it's controversial ruling allowing corporations to spend freely on political issues and candidates. that brings us to tonight's word on the street: contribution. joe deaux is a reporter at thestreet.com. joe, we mentioned earlier the amount of money that is likely to be raised and spent by corporations this election cycle. are they taking sides with these campaign contributions? >> the idea after citizens united went through is that they were going to take sides and they were going to have this massive-- but what investors are starting to realize is that board members don't like to align themse

before she joined the national journal, she worked as reuters' washington-based news editor. she joined reuters in 1998 and she has had the opportunity in 2006 to spend a lot of time doing pentagon coverage, including her trips with robert gates, donald rumsfeld and war policy visits herself. so it's with great pleasure i introduce kristin roberts. >> thank you very much. so i've got an excellent panel here that truly deserves no introduction but i'm going to give you an introduction anyway. dr. alice rivlin, cochair of the bipartisan policy center's tax reduction tax force, widely recognized as one of the most foremost experts on the issues we're talking about today. senator bob packwood, chairman of senate finance committee, he was one of the architects of the 1986 reform. congressman bill thomas, another chairman, chairman of the ways and means committee. widely seen as one of the smartest and toughest guys to ever walk the halls of congress, one of the main proponents of the tax cut bills of the last decade. and we've got robert greenstein, founder and president of the ce

reuters reports u.s. airways may team up major private equity firm t.p.g. capital to bid for american. a global maker of mining equipment didn't help the mood of the market today. joy global said it expects revenue to remain flat and order growth to slow down as customers deal with a drop in demand for commodities. shares fell to a 52-week low on that forecast, shedding 5% as volume quadrupled. the company warned new orders were down 19% in the second quarter, pushing the firm to cut its earnings outlook for the year. in our exchange traded fund market flash, a mixed finish this last trading day of may. the two gainers, the financial sector e.t.f. up nine-tenths of a percent. and the emerging market's fund up less than a half percent. and that's tonight's "market focus." >> tom: the prospect of lower gas prices has more americans thinking about vacations this summer. more than half the customers surveyed by online travel company orbitz say pump prices will affect their travel plans this summer. it could even determine how far they drive. we continue our loo

reuters reporting that will be held at 11 gmt, which is abouis eastern time.ed to pressure germany to dampen its pro austerity stance. >> head of oecd says there's no reason spain should be paying 7% interest on its debt and troubled the two troubled countries have work order labor market flexibility, they've increased retire chlt ament age taking the right steps toward reducing debt burdens.they've ie and taking the right steps toward reducing debt burdens.ma increased retirement age and taking the right steps toward reducing debt burdens. >> u.s. futures slightly in the red. may ism services in-ddex out at 10:00 a.m. richard fisher is in scotland. st. louis fed president james bullard will talk about the after math of the housing bubble. and charles evans speaking to the nyu at 7:15 p.m. ben bernanke speaking on thursday. and again looking down about a couple of points across the board for u.s. futures. paul, good morning. fwifb all the headlines these where are you telling america's political elite to put their money? >> good morning. so this is a record ti

who are the only ones that can digest toxic assets these are the questions we have to ask after a reuters report we read will tell you about it let's get to today's capital account. so you know we were hoping the hearing of j.p. morgan c.e.o. went a little something like this. there were twenty seven might be sixty three goes up a lot you know with all the organized crime. is what i'm telling you what i'm exposing. for you grace and everybody this is my. that was from the famous the laci hearings of the one nine hundred sixty s. which were touted as a major breakthrough in intelligence about the mob well that wasn't what we got with jamie dimon today you know what can i say a girl can dream that's not what we saw but first let's back up to quickly recap on how we got here. it's been a little more than a month since the beast revealed its true nature publicly. j.p. morgan's now infamous london whale weighing in with at least a two billion dollar loss. before disappearing back into the vast murky waters of the largest bank in the united states only to rear its head again in the form of p.r.

there's no news in this reuters story.-20 official, a finance ministry official or officials commenting on central banks and i'm told by central bankers we don't talk to senior g-28s. >> what you're told is the idea of central banks coordinating to step in with additional quantitative easing that is not on the table in. >> i don't think that's on the table. i think individual countries will take individual decisions, the bank of england did and the fed is likely to do something next week but that's individual. the idea of coordinated quantitative easing, we have done coordinated liquidity. >> steve, thank you so much for that. steve i'm sure you'll be back, we'll be talking to you all day. our guest host is one of the most celebrated executives in the past two decades, american business icon known best for saving ibm in the early 1990s but he's been with american express, mckinsey, rjr. joining us is lou gerstner, former ibm chairman and ceo. great to have you with us. >> good morning. >> on a crazy morning and i'm curious

we've not heard anything from the federal reserve yet, melissa. >> let's be clear, steve, the reuters carl citing many sources for this. >> g-20 sources which typically, melissa, they involve finance officials or their leaders, not the central bankers who, as i understand it, bernanke is not going to be in cabo at the g-20 meeting. >> we've seen what so many finance official assistant types, how it's unfolded in the european crisis. lots of conflicting headlines out of that, steve. thanks so much. i want to get the traders' take on this. joe, this comes as so many firms on the street are having this conversation that you had this morning. what is the exposure going into the weekend, to what is going to go on in greece? >> you're trying to protect yourself against potentially what could happen in greece. what could happen in europe. the situation. i think it's an unknown and i don't think central bank coordination should come as a surprise to anyone. i think all hands are on deck. when you look forward to the next week, an fomc meeting, a big meeting next friday in rome. hosting hollan

reuters citing who two eu officials and one german source. but a spanish government spokesman says she was not aware. a conference call of eurozone finance ministers is planned for tomorrow. china's top five banks are breaking ranks with monetary policy today. the companies deciding not to pass on a cut in the official deposit rate. instead the banks are taking advantage of relaxed interest rate controls to keep savings rates unchanged. and in the u.s., the fed wants banks to set aside more money to cushion against unexpected losses. central bank proposing rules requiring all banks hold at least 7% of hair assets in capital reserves. that's up from a minimum of 2% currently required. it's in the line with basel iii standards. this is for all the banks out there and that comes as a surprise to some of the smaller banks. but the 19 larger are at least 50 billion short of meeting the new capital requirements. >> in corporate buzz, it's the story that keeps on giving. chesapeake ceo will be facing disgruntled shareholders at the annual meeting to

welcome to superderivatives. >>> earlier this morning, we told you about the reuters poll that showed of facebook users are spending less time on the site than they did 6 months ago. what are you doing with all of that extra time not on facebook? we're asking you to send us a tweet at cnbcsquawkst. 33% is, i would argue, statistically significant. >> this is what i would regard as just being a terrible second quarter for facebook. i just really believe that. >> the other stat is that 44% have a less favorable view of facebook after the ipo and actually did damage to the reputation. >> negative advertisement. isn't that interesting. typically, these ipos used to be the great way to get your name around in late 1999, 2000. i think you think it's still too early to buy web van. >> i'm holding back. >> e-toys. is it time to step up? >> actually, i've really gone all in in pets.com. >> wow, four out of five have never bought anything because of an ad. on facebook. interesting. >> do you know that there's a study that came out, l.a. times mentioned it that coupons, coupons come in the mail

after they go to the committee that will go to the full board to reuter the board is expected to take some action on this. there is a 30-day waiting period before that can go into effect, and we are expecting them to go through the process in winter of 2013, and if it is implemented, it will no longer be collected, so i am available for questions, and this just gives the information as well. >> thank you very much. >> thank you for that excellent presentation triggered -- excellent presentation triggered quite a lot to address. i want to address the discussion at the end of this, but i have some questions i would like to address up front. we do not necessarily need policy credits to apply to residential because this does not apply. it says under affordable housing you said at 20 units or less it does not apply. if they were in excess of 20 units, would it apply? >> the sustainability program goes to apply to residential uses. however, it contains a program that would allow for reduce sed fee. it simply does not apply to residential at all. >> i got it. that kind of alleviates quite a

. >>> reuters is reporting a hall of famer may have used inside information to make money on the buyout of a medical device company. murray has not been charged with any crimes. his lawyers say the accusations are old news. >>> jerry sandusky's fate will soon in b in the hands of a jury. sandusky's lawyers had said he would be called to testify, with you they changed their minds this afternoon. >>> a showdown is unfolding between washington republicans and the president of the united states. a attorney general eric holder is held in contempt of congress. the controversy revolves a around the failed sting operation that let illegal guns over the u-mexico border. >> reporter: a house panel has voted to hold the u attorney general in contempt of congress. republican chairman darrell iset held the vote after attorney general eric holder did not turn over subpoenaed documents into operation fast and furious, a botched mexican gun running scheme. >> it could end abruptly if the documents are produced. >> reporter: the attorney general met with them monday but could not reach a deal. >> the pr

new reuters poll shows a majority of americans oppose president obama's health care law. although they support most of its provisions, such as letting parents keep their children on their policies until age 26. but 61% say they are against the individual mandate which forces americans to purchase medical insurance. the supreme court is expected to rule on the law as early as today. >> if the court strikes down the mandate or, indeed, the whole bill, i imagithink it will be a political disaster for the administration. >> the supreme court finds itself in the middle of a storm, a political storm, in the presidential election that's coming up business it's the president's signature achievemented. and this is about health care which touches all of us. >> the hot button campaign issue of immigration is also on the supreme court docket this week. we will r. expecting that decision to be handed down maybe as early as today. angie, back to you. >> thanks. >>> coming up on 5:35 now. a marine from laurel maryland was killed in afghanistan over the weekend. lance corporal eugene mil

according to reuters. that chart, bri, interesting to look at from the stock pop.tock up 20% plus year to date and year to year basis, down 30%. i'm interested to see the premium is in this stock and the founder, the father of the former presidential candidate jon huntsman. >> look at the stock move. brian, thank you very much. >>> we have bad new tons bacon front. smithfield foods shares roasted. down over 6%. 49 cents share last quarter and then shy of the forecast. smithfield said it was hurt by lower than expected margins in the pork business. smithfield disappointing. but do not worry, america. there's pork news to cheer about today. burger king betting big on bacon. jane wells is back and ready to taste test bk's new bacon sundae. take it away, jane. >> brian, this hasn't worked out like i thought it would. we'll taste test it in a second. this is part of the menu expansion preparing to go public. if your two favorites are ice cream and bacon, why keep it apart? it's 510 calories, 61 grams of sugar, 18 grams of fat. compared to toer phenom of the year, the ja

. >>> a source tells reuters that strauss-kahn and his wife have separated. after making headlines in new york. >>> and starting tomorrow some of the world's most spectacular diamonds will be on display in buckingham palace in london as part of queen elizabeth's diamond jubilee celebration. they're displaying the priceless and historic jewels until october. >>> and now here is an early look at how wall street's going to kick off the day. the dow opens at 12,602 after losing 24. the s&p was down 2. the nasdaq fell 25. >>> taking a look at overseas trading this morning, in tokyo the nikkei spike 132 points, while in hong kong the hang seng skyrocketed 416. >>> progress on europe's debt crisis could help stocks recover some of thursday's losses. asian markets rally this morning after eurozone leaders agreed to take emergency action to bring down italy's and spain's borrowing costs. the group also agreed on new bank supervision and okayed bailout funding for its struggling banks. >>> earlier the supreme court's health care ruling pushed hospital stocks sharply hi

if o, you could be not alone.from "facebook alone.according to a new poll by reuters (roy-ters) and ard of facebook uuers are feelinn pretty "meh" about the social network these days.. ann the number is growing. 3 3 &p maryland's newest casino is up and running. running. the sloo machines began ringing for the public aa 10 o'clock last night... at the new maryland llve casino. it's the nnwest aadition to the arundel mills mall. cellbrity chef bobby flay was also on hand ... opening his own estaurant inside the 5-hundred million dollar oc sot from 5 oc only thing you won't gamble on. oo. in addition to bobby's favorite phillips seafood also has a location in the new casino. 3 a sttnning scene out of chhna this week. a toddler slips.... and balcony... by his head..(áááaa libááá))a eighbor from downstairs... comes to the &pfeet until help couud arrive. little boo is doing okay this morning. 3 single men searching for love. love.((single men, reveal yours) yourself!))coming up... a wild new game show from the producees of american idol... the ego-crushing way this show tries toomake a lov

reuters is reporting exxonmobil plans to build a multi-billion dollar chemical plant in texas. the proposed plant would produce 1.5 million tons annually a key material used in the production of plastics. while the company previously said it had no plans to extend the chemical production in the u.s., reuters reports the natural-gas used in chemical production may have prompted the change. other countries including dow and royal dutch shell have also announced plans to expand chemical production in the u.s. former senator and presidential candidate john edwards has evaded conviction and a highly publicized trial for allegations of campaign fraud. on thursday, north carolina jury found edwards not guilty on one count and failed to reach a verdict on five others, prompting the judge to declare a mistrial. edward was accused of funneling campaign donations to cover up an extramarital affair that led to his fathering of an out-of- wedlock child. prosecutors say edwards used donor funds to hide his lover and her baby in order to protect his campaign, but defense attorneys say edwards

unnamed sources tell reuters the official has been arrested. we don't know if he's in custody.t actually even know if he's still alive. reuters reports the spy was an aid to a vice minister at the highest level of government in beijing. he had been working for the cia for years. he studied espionage in china and the u.s. for probably just as many years if not more. he's "outfront" tonight. gordon, great to see you. this is amazing because it's something apparently that has come to the president of china, hu jintao, is upset about this, aware of this. i mean, this was a guy who was a deputy for one of his key vice ministers. how important of a spy was this for the u.s.? >> you know, very important. the reason we know that was it is guy got caught. he gave us so much information. so many chinese rings were compromised. agents were taken off the line. so essentially they knew they had a mole high up in beijing and that's the reason why we know this guy was significant. >> and so what sorts of -- kinds of information would he have known? he was in a security part of the government.

unnamed sources tell reuters the official has been arrested. we don't know if he's in custody.e don't actually even know if he's still alive. reuters reports the spy was an aid to a vice minister at the highest level of government in beijing. he had been working for the cia for years. he studied espionage in china and the u.s. for probably just as many years if not moe. he's "outfront" tonight. gordon, great to see you. this is amazing because it's something apparently that has come to the president of china, hu jintao, is upset about this, aware of this. i mean, this was a guy who was a deputy for one of his key vice ministers. how important of a spy was this for the u.s.? >> you know, very important. the reason we know that was it is guy got caught. he gave us so much information. so many chinese rings were compromised. agents were taken off the line. so essentially they knew they had a mole high up in beijing and that's the reason why we know this guy was significant. >> and so what sorts of -- kinds of information would he have known? he was in a security part of the govern

reuters reports hundreds have tried to flee myanmar since the violence erupted. many headed by boat for bangladesh but they are apparently being turned away. >> translator: yesterday we sent them back, they were saying please kill us and throw our bodies into the river, just don't send us back. >> one man who made it on to bangladesh soil revealed the extent of the violence back home. >> translator: they killed three or four people in front of me. i was scared they'd kill me too. so i decided to flee to bangladesh. this is a muslim country. so i hope they would give us shelter. >> most live in the western province of rakhine, they are denied citizenship and they follow islam unlike those who are buddhist. the united nations estimate more than 200,000 living in bangladesh. rakhinians also suffer persecution, the president sein declared a state of emergency in rakhine, secretary of state clinton is calling for reconciliation. >> the violence has clouded optimism over progress in myanmar and its economic potential. even so, many international companies have taken st