if you're the ftc, what do can you need before you issue a subpoena, because none has been issued yetody. >> well, the ftc has issued a civil investigative demand which is equivalent to a subpoena. and herbalife's cooperating with that. i don't think, though, investors should rely too much on these rumors of sec or justice department investigations. until those things are confirmed, i wouldn't put a lot of credence in them. liz: well, what we did, professor, is that we confirmed they hadn't received a subpoena from the federal, from the fbi or, of course, the department of justice. hence, the stock coming back today. but none theless, the questions of whether this is a pyramid scheme continue to swirl around herbalife. this is a company that's been around for four decades. define a pyramid scheme and explain to us, could you really survive for that long if you were a fake operation? >> well, a pyramid scheme involves multiple layers of distribution where you, the company itself you have one set of distributers who are independent contractors, they in turn have sets of distributers and

the ftc called it deceptive.consumer reports says it happens more often than you might expect. >> it violates the law. but regulators can't monster everything. >> it's up to shoppers to read fine print. they see terms like satisfaction guaranteed. ftc says companies should only say that if willing to provide full refunds or state limb dayings. if you return some items will cost you 0% restocking fee. and mish lynn's 30 days means you can return the tires for a new set of tires not a refund. and about going out of business sales, don't assume everything is a deal. >> you can find things cheaper at stores not going out of business. >> be wary of free. it can be a powerful come on you often have to buy something to get something elts, free. so be a keptic or ready to pay a high price for a bargain. >> we contacted nissan the spokesperson said the ad is saying quote, nissan takes commitments seriously. the company has been and remains xited to complying with the law. >> michael, thank you. >> officials at fort hood,

can you convince me the ftc can even be a functioning body in the citizens united era?s my question. given the jurisprudence, the direction it's headed, given that the court has never upheld the restriction except for disclosure, can the ftc do anything functional in that constitutional environment? >> i think that it could. i think that the commission has -- if you look back a few years the commission did a much better job working together across party lines to try and find consensus, tray and find areas where we could come up with majority votes and write meaningful regulations. i think that disclosure as you pointed out is an important area the court has endorsed wholeheartedly and we could do more to bolster our disclosure rules to make sure that we do have the kind of robust disclosure that will keep people informed. >> federal elections commissioner ellen weintraub, thank you for coming on. >> thank you. >> have you heard the big announcement today about who is going to he replace david letterman. well, not me. him. stephen colbert. guess who is not happy about it

and an ftc official today in a call with the press was really trying to explain and didn't do a greatomplaints and lawsuits, even, on what could be the standard for what is reasonable or not. >> ifill: so it is up to them to determine the standard. and do they have any-- immediate enforcement power. it sounds like it might take awhile even if they were to decide that someone was in violation. >> that's right. and that's really difficult for if you are a start-up company to have to go through that process to actually file a complaint which is extension-- expensive or a consume tore file a complaint which is expensive. and then to wait for the fcc to actually deliberate on a complaint and review it, and then actually have an actionable item from that. that could take quite a long time and that could mean the difference between the death of a company or the survival of a company in a consumeary experience. >> woodruff: . >> ifill: give me an example when you talk about a start-up company that could be adversely affected by this, what are you talking about. >> sure, so for example say you

norm i don't have a very good answer to how we can resurrect the ftc. i think right now for those of us who believe in disclosure along with 85 plus% of the american people and eight of the nine supreme court justices united we have to pursue these other areas. i focus on 501(c)4's because they have been in the news lately but you also have also 501(c) organization, fives and sixes and they resent represent some of the secret money flowing into these campaigns. i mention there are $300 million of secret money flowing into these campaigns and in fact justice roberts cited that figure using the mccutcheon case. 256 million of that tragic million is from 501(c)4's. that is what the irs review is getting at but the d.i.s.c.l.o.s.e. act gets it everywhere. so that is why it's the simplest cleanest way to deal with us because it addresses frankly the broad range of issues that eight of the nine supreme court justices discussed in citizens united. yes. >> thank you congressman van hollen. what impact if any do you envision your legislation having on the learne

the sec and ftc are heavy with lawyers, which are great, but both entities, all the regulators couldbetter to persuade people who really know how a trading floor operates, how to libor market is planned, if those people would feel a sense of vocation to jump the fence and explain this stuff, it would be a step in the right direction. >> thank you for joining us, congressman james himes of connecticut. >> when we come back, buckle up and get ready for a little "market makers" special. --when wee speaking to come back. ♪ >> you are watching a special edition of "market makers." schatzker with stephanie ruhle and michael lewis. maybe you know him from "moneyball." andnew book is "flash boys" it is becoming a sensation. a former world canada bank trader noticed that something was wrong with the way the u.s. stock markets were functioning. his mission to figure out what was not right and what needed to led to theix it creation of iex. also with us is a hedge fund manager who also notice the exact same kind of market quirks as brad, but his solution led him down a totally different path. h

yelp denies this the ftc is out there investigating it because some people have complained. what does this mean in yelp? would you invest in yelp if. >> no the market is showing that. it is down to 100 to where it is now. down 30%. this company hasn't ever turned a profit. it doesn't have positive earnings. even if it does down the road, it is highly speculative. that is the problem with a mid-cap growth stock that this is. they have a business problem and need to handle it. melissa: a bizarre business problem. who believes what you read on yelp anyway. >> oh, a lot of people do. melissa: really? of. internet take with a grain of salt. seems like it impacts business, charlie. i don't know why. >> i will say this i'm not saying yelp committed fraud. but the business model is losing money. it is not profitable. if they are extorting, you know, advertising for ratings, they're going to get crushed by the ftc. that stock should go down by half. if that is what they did. i'm not saying they did it. sounds like you have people saying that. melissa: there are a lot of people saying

think that may be largely due to the conditions that were placed on the aol/time warner merger by the ftc back when that occurred. our big concern is that that has been very advantageous for us and we think it's been advantageous for time warner. we're hopeful that when this merger occurs, that there's a condition placed that the conditions will continue to be enforced and monitored because it's helpful for us to provide a competitive service in buildings where the bigger providers are. >> thank you. i was thinking when mr. cohen was referring to small businesses, you probably consider yourself not a huge business there, mr. bosworth. >> no, we're not. >> there's a lot of independent contractors that are the focus of this hearing as well. do you want to respond? >> yes, thank you. we've raised $30 million from individuals, a little bit over that, and one of our only remedies right now is to go out and try to raise another $30 million to litigate, and that just shouldn't be the avenue in order to provide consumers with a choice, and i have heard litigation mentioned a bunch and i have hear

those go to the ftc. it is time to narrow their focus. >> host: you represent nashville. there are several bills dealing with song writers, and radio issue, what is your philosophy? >> guest: individuals that create content need to be compensated just like individuals who create a widget or software program or app. it is about how lowing the creators to benefit from their concepts >> host: do you here from people in nashville about the radio issues? >> guest: to quote a country song: once a day, all day long, every day. >> host: we have been talking about whether it is time to revamp the 1996 telecom act. where do you draw the line saying we are going to start and how do you make sure if you do it is adjusted to evolving technology? >> guest: you don't want a telecom act that is focused on the technology. you want the focused to be shifted to the light use. the light touch of the 1996 telecom act served us well because it allowed invasion to take place in the spectrum of internet and broadband and that is what you want. with the con vergeance of voice and data technology

it has received no, no subpoena, unlike the civil ftc issue that happened in, i guess about mid-marchitself, they know of no investigation by the department of justice or the fbi. david: meanwhile, look what happened in the markets. another down day. they hope people would go in do bargain hunting. didn't happen. maybe happened with individual stocks we'll talk about. as far as nasdaq, russell 2000, small and medium-sized stocks, high beta stocks getting it on the chin. front page headlines before we dig deep in

get ready for the ftc to issue new rules on what is called net neutrality.down to how fast you get content. the rules would blow neutrality out of the water. it would allow internet service providers to charge for preferential treatment. >>> parents, listen up. 800,000 infant video monitors are being recalled. it can pose a burn hazard to consumers. >>> weddings are booming again. weddings are up 10% from last year and 75% from 2012. if you're wondering about the best gift, 55% of couples say cash. cash is still king. >>> star wars 7 will cost around $200 million to produce. the most expensive so far in that series. casting is almost complete. the movie opens in december, 2015. >>> just ahead, the best athletes ever back making waves in his sport. >>> and we'll have all your other sports highlights. "early today" will be right back. ♪ ♪ new hershey's spreads. bring the delicious taste of hershey's chocolate to anything - everything - you can imagine. explore the endless possibilities of the delicious chocolate taste that only hershey's can deliver. with new

the ftc -- >> right. whoa, whoa. >> the ftc. i apologize. ftc is looking in to many complaints, thousands of complaints, about negative reviews that yelp -- that services on yelp claim were generated not from real people. >> okay. suntrust is saying the ftc has received 2,046 complaints and wondered if it's different from the better business bureau. i'm referencing them because they say it's time to buy. it's a very hot button issue. yes, full disclosure, i own a piece of an inn and restaurant, yelp is very powerful. i've not experienced this notion that if you put an ad in the reviews get better, if you don't, the reviews get worse. that's one of the charges. >> there's basically this charge it's almost as if you have to pay protection money. >> right. and stoppleman has repeated, the ceo, said this is ridiculous. i got to tell you that i under a business can be hurt very badly by reviews, very badly. far worse than better business bureau. it's instant word-of-mouth and it spreads like wildfire, i always felt yelp would be vulnerable to thi

this comes on the heels of the ftc investigation.mpany having a lot of scrutiny right now. >> a lot of scrutiny, and all the added scrutiny we are talking about is not good news for the stock. we saw headlines starting to come out. we first reported in "the financial times" and the stock plunged and ended up wishing lower by 14%. there's a lot of concern here, even though at this point, these are just probes. we do not know what the outcome will be, whether there is indeed wrongdoing at the company, but even the fact that bill ackman or anyone else who has been pushing for an investigation for the company has been successful even to this extent is seen as bad news. >> in after hours, it looks like ,he company -- there we go intraday chart. >> some investors may have known before the announcement. we are talking about the headlines, the time the headline hit. >> it has taken a bit of a turn lower in after-hours trading, but significant now that they have three different government bodies that are investigating herbalife, so we will co

those go to the ftc. so it's time to narrow their focus and get them back to their core mission. >> host: you represent nashville -- >> guest: yes. >> host: -- the nashville area. there's several bills floating around in congress now dealing with songwriters, with copyright, with radio issues. >> guest: yeah. >> host: what's your philosophy? >> guest: individuals that create content need to be compensated for that contempt. contempt. just as individuals who create a widget or a new software program or an app that you load on your iphone need to be compensated for that creation. it's all about protecting innovators and allowing the creators of this nation to benefit from the ideas and the concepts they bring to the marketplace. >> host: do you hear from your constituents back in nashville about those radio issues? >> guest: to quote a country song, once a day, every day, all day long. >> host: marsha blackburn, one of the things we've been talking with members of congress about on "the communicators" is wh

. >> tesla is getting support from the ftc officials in its effort to maintain its direct sales modelbypasses dealers and sells cars directly to consumers and a lot of people love it. it's currently that model is banned in five states but three top ftc officials say the laws are bad policy and are outdated. those views come from policy planning director -- here we go again, andrew gavel. bureau of competition director, of course, you know who i'm talking about, debra feinstein. you know, the bureau of economics record, martin gainer, those are the three in the ftc i thought might, then, you know, the others. the officials made their statement in a blog post and emphasized their views were of their own and not those of the commission. >> they're not the commission's. you can't say these are three commissioners saying this. >> none of them owns a tesla vehicle. no one's ever heard of any of the three and dealers have argued the existence is good are for consumers. >> they have now. now everyone knows. >> our viewers are wealthier for knowing those three games. >> now everyone knows beca

gonzalez needed dialysis two times a week but since he had no insurance, no outpatient ftc facility would treat him. he had to fly home to mexico for care. it's called repatriation. with drug violence in his home town it would certainly be a death sentence. that's when a team of law students with the university of miami health rights clinic heard about the case and stepped in. the director of the health rights clinic knew that this 2010 policy allows undocumented immigrants like gonzalez to get dialysis treatment for up to 12 months at a time but the students say they ran into a wall of bureaucracy. >> all of the actors pretty much didn't understand fully what was going on. >> it took almost three weeks of working around the clock according to the students to finally get gonzalez approved for dialysis at an outpatient clinic. >> we think that people may be dying every day as a result of lack of understanding of availability of care. i have every reason to believe that there are probably many states where this is a very big problem. >> reporter: we asked a spokes woman for florida departme

yepp itself -- yelp had its own story with the ftc looking to complaints from small business owners.to look at the story. david: yet by the slimmest margin, we might just eke out a gain on the dow jones industrial average at least. the bells are ringing on wall street. all in the red right now. we don't know how it will settle. the dow fought back very successfully ending the day basically flat. the nasdaq came back even though down 1%. it was well over 1 1/2% at one point in today's trading. there has been a little bit of a come back. as i mentioned to liz, some may have to do with had whisper number, 250,000 job gain as opposed to 200,000 tomorrow. anybody's guess how it will end up. that is what is happening. there are good rumors circulating in the market. liz: time for the front-page headlines today. labor department says initial jobless claims. unemployment benefits increased 16,000 last week to seasonally

doesn't fda, ftc and other federal agencies, could they control prices somehow?ey have input? >> i'd like to believe we live in a free market. this is one area where i think government intervention is somewhat needed in terms of assessing whether this deal would significantly affect folks like you and i in terms of not only paying increased prices. then what happens sometimes when you're a monopoly in the space, eric, and you decide basically where to set prices, your drug development, research and development arm within the company starts to slow down. you're the 10,000 pound gorilla in the space. >> that could set back new drugs? is that possible? >> i think what happens is you're the main player. there's no competition you're viewing to compete with. you start to slow down in terms of new drug development. we all know there's a lot of spaces, whether it be diabetes or cancer that we need innovation to protect health and longevity. >> finally, do you think this deal will go through? >> i think discussions are happening. do i think it goes through? i think this

the ftc can blatantly shoot down an untruthful ad.t hope that by the fact of the matter that you're talking about it, advertisers are going to notice? >> we're going to pass the fcc, which has this duty already, to start the conversation, the dialogue with all the stakeholders, the advertising companies, the companies that are producing the product, as well as a mental health associations. and let's look at the relationship between photoshopped images that are unrealistic and the growing up demic of eating disorders that is especially impacting the -- >> the self-confidence of young people as well. congresswoman, thank you for your time. >> thank you. >>> fourth-graders selling pot? a shocking story coming out of colorado where elementary students are selling and buying pot. that's coming up next. >>> say good-bye to sweatpants and curlers. should the parents have a dress code? >> i don't like the saggy pants, i don't like all the belly showing, all that. i think that parents should be a role model and an example to dress appropriate.

but the ftc says banning auto makers is bad policy. >>> we're hearing the latest star wars movie will$175-$200 million. that would make it the most expensive star wars movie. episode 7 is currently under production. it is still untitled. >>> a northern california teenager killed in an atv crash but how lessons learned from his tragedy helped save the lives of others. >> history in the making. the move one college football team will make this morning that could change sports forever. ♪ ♪ [ barks ] whoo! mmm! ♪ ♪ oh, yeah [ whistling ] [ male announcer ] discover your new orleans. start exploring at followyournola.com. [ woman ] and i love new orleans! start exploring at followyournola.com. thank you! thank you! dedicated bankers born to go the extra mile. you've been such a big help. it's what i like to do. so you can choose a bank where helping people comes first. chase. so you can. >>> sonoma county supervisor da rio testified at his trial that he was hoping to have sex with his neighbor when he went to her house at dawn. he was testifying in his own defense yesterday and denied he e

. >> mary, do you think the recent faa or ftc and faa says it's cool to leave your electronic devicesn in the airplane mode, could that explain the pilot's actions or like jim most leave them off? >> well, i think it depends. it goes nation by nation. united states is kind at the forefront of that. so, i think that on any aircraft where it's banned and i don't know if they were still banned on malaysian air or not, but, you know, it's pretty, as a flight attendant makes its rounds it's pretty obvious who is and isn't using them. giving the number of tsa calls and arrests for cell phone incidents in the u.s. it draws attention. so more than likely if they told them to turn off the cell phones they turned off their cell phones. if there wasn't some alert to turn them back on, it's late at night, people are sleeping but you expect some to go through. when we worked on the 9/11 cases it was remarkable out of 243 people on the airplanes there were probably a dozen or so phone calls at least at a minimum. some of them came on air phones but people, if they know there's something wrong forge

course, there have been reports out there that new york's attorney general had been investigating, the ftcits own investigation, and all of that culminated with reports late last week that the fbi had been investigating herbalife but had had yet to turn up anything. in fact, herbalive had said at that time it was unaware of any sort of fbi investigation. but what i can tell you now from my sources is that the illinois attorney general has, in fact, opened an investigation into herbalive. and shares are reacting. they are still in positive territory, but they are down certainly from the highest levels of the day. sarah, i'll send it back to you. >> yeah, you can see the reaction immediately, scott, with herbalife. all of the regulatory interests. >>> well, the $58 million sendoff here. plus, are hedge funds to blame for the tech wreck? and putin and snowden chatting about russian surveillance? all of those stories in our "power rundown" coming up next. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and

it has received no, no subpoena, unlike the civil ftc issue that happened in, i guess about mid-march. so fox business is learning from the company itself, they know of no investigation by the department of justice or the fbi. david: meanwhile, look what happened in the markets. another down day. they hope people would go in do bargain hunting. didn't happen. maybe happened with individual stocks we'll talk about. as far as nasdaq, russell 2000, small and medium-sized stocks, high beta stocks getting it on the chin. front page headlines before we dig deep into the market. surprising jump in wholesale prices. inflation. producer price index went up .5%. this is the largest gain in the ppi since june of last year. liz: u.s. consumer confidence rose to a nine-month high in early april. thomson reuters university of michigan confidence reading increased to level of 83.6. up from 82 from the month before. david: chinese economy making slowing down a bit. passenger sales rising at slower pace, compared with the 11% annual gain reported at the beginning of the year. liz: europe's biggest aut

story with the ftc looking to complaints from small business owners. [closing bell ringing] i will continue to look at the story. david: yet by the slimmest margin, we might just eke out a gain on the dow jones industrial average at least. the bells are ringing on wall street. all in the red right now. we don't know how it will settle. the dow fought back very successfully ending the day basically flat. the nasdaq came back even though down 1%. it was well over 1 1/2% at one point in today's trading. there has been a little bit of a come back. as i mentioned to liz, some may have to do with had whisper number, 250,000 job gain as opposed to 200,000 tomorrow. anybody's guess how it will end up. that is what is happening. there are good rumors circulating in the market. liz: time for the front-page headlines today. labor department says initial jobless claims. unemployment benefits increased 16,000 last week to seasonally adjusted 326,000. the numbers coming out one day as david mentioned before tomorrow's big march jobs report. david: a private report t

privacy issues go to the ftc. it is time to get them back to their core machine. tonight, on "the communicators." on c-span2. during this month, c-span will present our winning entries in this year's student cam documentary competition. schoolcourages middle and high school students to be critical on issues. what is the was, most important issue the congress should consider in 2014. nina nandin, and hannah hood want to make mental illness a top priority. >> dear congress -- we attend an arts school in phoenix arizona. years, we have encountered a number of friends that have mental illnesses. throughout those years, we have seen how a lack of support for treatment can result in devastating results. emotional distress for those individuals and their families. >> my name is felix schmidt. have skipped so by polo -- schizo bi polar disorder. paydayafter five minutes or so of talking as bi polar. i was treated for two weeks. i went from doctor to doctor, looking for someone who would listen. it may over a year to find a doctor who did listen. >> looking deeper into the

but the stock falling after that information was posted on the ftc website yesterday. guys, i know i've talked to small business owner who say this is so unfair, i have a competitor in town, i think they're the ones who are giving me these negative reviews. and there was a harvard business review that showed that your sales could actually be affected by your rating on yelp. >> yeah. >> so i'm so conflicted on this. there's part of me that likes the idea of anonymity online and that allows the free flow of information. and then there's part of me that realizes the damage that can do and to the extent that people can be anonymous, how dangerous that is. i don't know where i truly want to stand on this. i kind of want to stand with the folks on the other side of the review. >> i think because it affects the business directly like that, that's not good news. >> anonymous, anonymity and the internet is a pretty hideous combination. >> all the time. >> but we have the whole universe covered. the people that hate you and people that hate -- the they're haters. they have that

think that may be largely due to the conditions that were placed on the aol/time warner merger by the ftc back when that occurred. our big concern is that that has been very advantageous for us and we think it's been advantageous for time warner. we're hopeful that when this merger occurs, that there's a condition placed that the conditions will continue to be enforced and monitored because it's helpful for us to provide a competitive service in buildings where the bigger providers are. >> thank you. i was thinking when mr. cohen was referring to small businesses, you probably consider yourself not a huge business there, mr. bosworth. >> no, we're not. >> there's a lot of independent contractors that are the focus of this hearing as well. do you want to respond? >> yes, thank you. we've raised $30 million from individuals, a little bit over that, and one of our only remedies right now is to go out and try to raise another $30 million to litigate, and that just shouldn't be the avenue in order to provide consumers with a choice, and i have heard litigation mentioned a bunch and i have hear

it's like ralph nader investigating the ftc years ago. there is someone asleep on the sofa. in his inbox is 10 feet of papers telling him about -- all public -- telling him about the corporation's condition. it's apparent he's never read them. if he had read them, he would have taken action. of course you would have a case, i would think. >> but that is our complaint. >> but you want to go beyond that? >> no. our complaint is they have the information in step one. they didn't do anything. step one, they did not -- >> not just information. remember, i carefully said all this was publicly available information. you want to say it also applies when it's not publicly available information. am i right or wrong? >> you are correct. i would like to say that, but i would like to point out our complaint alleges a large amount of information that is, one, public, two, false information promulgated by the petitioners, the falsity of which perhaps could have been undertaken by -- discovered by considerable investigation. and instead of conducting a reasonable investigation that a truste

stuart: the ftc says tesla should be able to sell its cars directly to consumers. is that the deal?is now the fcc blog is essentially saying it does stifle competition to buy cars from dealers, we shot on the internet, even hail taxes so that is how we get service directly. stuart: it is below 200. we have a press conference. >> elon musk in washington d.c. with the q&a possibly about spacex about this reusable rocket they successfully launched two days ago. stuart: they will ask him about tesla so watch that stock. wait for it. more varney next. i've always had to keep my eye on her... but i didn't always watch out for myself. with so much noise about health care, i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile, not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still gonna give me a heart attack. innovations that work for you. that's health in numbers. unitedhealthcare. stuart: it is time for the highlight reel of the week. roll it please. would you sell for $100 millio

. << the ftc won him eight. as a powerful source phone with last little touches.won't find a better design and reform in this. he is chasing our attention lacher with high and design of the fish daisy on the company has annual version, age. to get some routes and make everything snapping but or release * is the larger track and ship age she screamed. , the better phones if a big stretch to gauge your hand print reynold pests that swept up to a less grand tell wants sleep. the voice recognition different historic this good this stage is a is trying a sainsbury and a separate case, data via protectionist and in georgia sfo like tom whether miss calls. there are some of the is the ledger due matrix a major change was a focus of the union stepped a picture. << even higher are blessed to get an upgrade in now takes up their entire time before all. the tehran 14 v is easier. << this up and read a portion of which features that are more and useful and women the. really my only gripe with his fathers as a heavy at will the slippery butcher and followed the style and also

. >> free speech versus anonymity and additionally the ftc said yesterday, and complaints about yell. the stock is down 5%. stuart: our next guest is running justfabin, the biggest subscription ecommerce company in the world. shoe isdazzled.com. a stylist do their shoe shopping for the mom line. in los angeles, let me csi, amir mail have got this right. i pay you a subscription, $40 a month. i think that is correct and then you send me suggestions on what shoes to buy and i am supposed to buy one pair of shoes a month. >> each month i will send suggestions on what items you like, shoes, handbags and apparel and you have the choice to buy an item or this is not what i want to or not be charged. in a frequent basis. stuart: when you don't have a human being suggest shoes and handbags for me do you? it is an algorithm, isn't it? >> we now have 2 million members. it will be impossible to have a unique stylist for every member. this is where fashion needs technology. being an ally company we have the best stylist on staff and an incredible program that combined these two groups together to

the ftc never addressed it properly and part of the reason is they make money and the exchanges makehe problem is correct lid stated by michael lewis isn't this is a systemic problem, not affecting investors on a day-to-day base assist but it causes seriously problems which we could see another flash crash and undermining credibility of the markets. >> interesting, but liz is shaking her head. go. >> the spc wanted electronic trading, remember. i know you've covered this, too. there was a lot of could restitution between brokes to rig prices and crumbs going on in the market. wait, we want the middle guys to get out of this and then want to move to electronic trading. i like how one analyst said it is closing at highs. and michael lewis is talking his book and high frequency is helping everybody. i'm not saying it doesn't happen with insider trading. but remember, it was the fcc who wanted the move to electronic trading. >> earlier today charles payne was pounding at the table. one last chance to say something especially. >> quickly, to peggy-back, electronic trading when i came in t

provides dropbox to free stories using the ftc.ey goes partly to building the instruct as it expands its global operation. now these large fund-raisers have allowed high-tech companies like ware and and dropbox to put off ipos before i say square isn't ready. unlike the drop box is ready to move forward until next year. pretty amazing across the board, ross. >> unbelievable. hampton, thank you for that. >> you got it. >>> time when htc posted a wider than expected loss of the first quarter. the firm hit by a slow down in sales. htc posted more than 60 million loss in the january to march period. >>> meanwhile, movie aud yechbss marvelled at "captain america" this weekend with an estimated 96.2 million dollars. the best opening for a film in april and one of the highest outside of the traditionally lucrative summit or holiday seasons. the sequel known as captain america and samuel l. jackson has received pretty good review. they also took in $157 million in overseas market including $39 million in china. >>> and one of the legendary

i look at the ftc data. positioning back to october 23 levels. that's surely an argument for it, too, surely. >> that's an important argument. obviously people have been excited about the long dollar trade in various waves. and now the excitement has faded in the background. i think those are typically times where it is a good entry point and we want to get into those trades. >> stay with us. first i'll give you a look at what's on today's agenda in the united states. no major economic data today. just a pair of fed officials, the fed president, narayana kocherlakota talking today. >>> "the wall street journal" reports that move is unlikely, citi can hit its 2015 goal for return on common tangible equity. equity owned by shareholders is often used to compare banks against one another. the figure is also important for ceo mike corbett who promised investors he would ramp up profitability back in 2012. city also agreed monday to pay $1.1 billion to settle claims stemming from mortgage securities it sold before the financial crisis. citigroup shares

those go to the ftc. it is time to narrow their focus and get them back to their core mission. >> the telecommunications issues members of congress are considering in this session, monday on c-span 2. "prime minister's questions" will not be seen tonight. members are in recess and will return to the house of commons tomorrow. argan gelman and a team of journalists recently won a pullet surprise for their reporting on the edward snowden leaks. they had to do with the nsa surveillance programs which collected metadata on surveillance programs. mr. gelman is now with time magazine and took part in a discussion hosted by the washington post. they spoke for about two hours. >> we are proud of the recognition and of the coverage. we recognize that there are sharp divisions of opinion about the source of the documents that form the basis of our coverage, edward snowden, and also about our role here at the controversy has been intense at times, and i expect we will explore that today. in the u.s. edition of "the

that goes to the ftc. is time to narrow their focus and get them back to their core mission. >> the telecommunications issues that congress is considering the session. tonight at 8:00 on c-span2. for over 35 years, c-span brings public affairs of and from washington directly to you. putting you in the room at congressional hearings, white house events, briefings, and conferences. and offering complete gavel-to-gavel coverage of the u.s. house. all of the public service of private industry. we are c-span, created by the cable tv industry 35 years ago and brought to it as a public service by your local cable or satellite provider. it's funin hd, like facebook, and follow us on twitter. >> politico is reporting that was hit with a 20 count federal indictment today. those allegations against him are related to his ownership of a restaurant in manhattan. 2006 and ownsi in this place until he was elected to the house. he is in federal custody. theu.s. attorney for eastern district of new york had these remarks e

of course he lieu off my question but then five years later the ftc levied something close to 200 $80 million worth of fines on the specialist firms for front running the tape. i was wondering if you could address the questions of conservatconservat ives projecting -- i think the country would be surprised another nation is run by cocaine snorting frat boys. it's really a crime if myers coker isn't turned into a major movie. >> host: shone we have a lot of callers on the line. let's leave it there. thank you. >> guest: so, can i run in one particular direction with this? it would be great if it could be made into movie a movie but i don't have control of that. the thing that, the one worried that i have for the story i just told is that it has clearly caused an uproar. more of an uproar than anything i've written in my life. it reminds me of closely in a sphere with money ball which disrupted the world of baseball. you have an entrepreneur rethinking that environment in this case you have disrupted entrepreneurs introducing reform through the market and wall street which is a much big

we don't want them offering privacy and data security issues those go to the ftc so it's time to narrow the focus and get back to the mission. >> members are considering this session tonight on the communicators at eight eastern on c-span2. >>> a discussion with a team of journalists from the "washington post" and london guardian newspapers that recently won a pulitzer prize for the reporting on the links give you two weeks in the nsa data on american phone records. in the presentation came during a panel hosted by the "washington post" looking at the nsa surveillance and recent revelations. this is about two hours. >> we are proud of the recognition and especially proud of the coverage. we also recognize of course that there are sharp divisions and opinions about the source of the documents that form the basis of the coverage from edward snowden and also about the controversy that has been intense at times and i expect we will explore all of that here today. awarded the pulitzer along with the addition of the guardian of great britain, the pulitzer board and raised the idea that it ser

viewer writes -- the ftc, one of the goals is to move -- promote diversity and programming and content. this is all making sure it is going to work the latest poster. guest: the house is about to come in for the morning session. can you make it quick? caller: a concern for political activists anti-democratic situation for the big telecoms to charge more to discriminate and especially a concern now since there is an industry insider at the head of the fcc. there is a problem with the classification of the as a telecommunications service. will have kate answer your. talking about the classification. but is definitely something public interest groups are pushing for. they are saying, why would you not reclassify this? if you reclassify this under title ii, basic infrastructure elements we rely on, then we can do a lot more. a lot more room to regulate and intervened. that is true. i think wheeler would not take on a huge battle if he wanted to be classified this. this is something that has been contested in the past. this would be an easy win down the road if it succeeded, but in terms of

i want to thank the ftc, too, for making sure that false claims aren't made. but this is so important, so appreciated, and then we'll have to figure out where it leaves us, but it certainly has of informed us. thank you. >> i would agree with every word of that. so this is a question to you, dr. molfese and dr. shenton, and it dovetails into what the gentleman from mississippi was talking about as well. but are the symptoms of a concussion or tbi uniform enough so that it's possible for early detection or developing a checklist for a coach or a parent to be used, you know, by nonmedical? we'll start with you, doctor. >> no. >> well, that was easy. [laughter] >> the symptoms overlap with depression and ptsd, and that's been a real problem. in fact, there was a paper published in the new england journal of medicine that said when you remove the effects of depression and you remove the effects of ptsd, mild tbi doesn't exist. and that's a real disservice. and it used to be that people would claim that when people came in complaining that they still had symptoms f

experimentation was a useful strategy for boosting manufacturing but new experiments like the shanghai ftcare centered on promotion of service which are porous and more difficult to contain. moreover the size and complexity of china's economy and its interdependence with the global economy make managing external dynamic for more complicate than in dong era. this provides backdrop for the challenges facing chinese economic policymakers. top communist leaders have governed for 30 years with two overarching goals. first to preserve communist party legitimacy. the second to enhance the country's wealth and pow are which xi zhengping branded the china dream. reform is essential means to both of these ends fueling china's economic rise which in turn sustains the party's legitimacy. but implementation of reform remains with challenges. leaders must balance multiple objectives in addition to gdp growth. clean air, clean government, greater equality and other goals demanded by the chinese people. moreover as mentioned earlier, leaders will have to break through vested interests to deliver on reform

the ftc has monitored these web sites and is working with them as necessary to modify their claims onir sites. and in some cases, insure that the necessary disclosures are clear and prominent. commission staff continues to survey the marketplace for concussion reduction claims and alert advertisers who are making potentially problematic claims of our concerns and of the need for appropriate substantiation for such claims. commission staff also investigated concussion reduction claims made by three major manufacturers of football helmets; riddell sports incorporated, schutz and zenith llc. if these matters -- in these matters, the staff determined to close these matters without taking formal action by which time all three companies had discontinued the potentially deceptive claims or had agreed to do so. those cases are discussed in greater detail in the commission's written testimony. the commission plans to continue monitoring the market for products making these claims to insure that advertisers do not mislead consumers about the products' capabilities or the science underlying them

we're working our way through ftc. everything is on track. this is about running for the long term.y in october. this is a great wonderful set. it compliments the flip side of the same coin for ibs. >>eer tabl bowel. >>eer tabl bowel syndrome. we have one for constipation. to find a drug with patent protection until the late 2020s. a file going into the fda, unencumbered that we can buy and have global rights to. it fits strategically. the metrics were really, really strong. >> we were talking off camera about what valeant is doing right now. when you look at that, does it make sense to you? do you think this is particularly the hostile nature of it? does that make sense to you too? >> i have deep respect for valeant. i sold bausch & lomb to valeant. their position in ophthalmology and aesthetics is like buying park place and boardwalk on the monopoly board. they're the best. >> could you ever see yourself teaming up with carl to go after another company and effectively allow carl to trade ahead of that? >> i admit that's probably a loophole that may get closed. >> you say may get c

it's reignited the debate, the s.e.c., the ftc, and fbi, looking into the practice, so all of the heavy-ritterst, it's a hard complex. they're talking mill milliseconds. the measures of time, it's almost like i feel like i'm carl sagan talking about the universe, because i don't understand them. they're so infinitesimal and so much money being moved around, but the bottom line, the american public has to have confidence in the stock market to build business. that's what the stock market is supposed to be, designed to be. anything that removes that confidence, thomas, i believe is a dangerous thing. >> cnbc's brian sullivan, thanks. are we going to see any throw-downs today on cnbc? >> you know what? actually, there's a guy on my show at 2:00 that wrote a paper on the value of milliseconds. >> yeah. >> i'm looking forward to interviewing the guy, because i don't understand it either. it's like "animal house" where they're talking about the universe being the size of somebody's fingernail. yeah, my brain is on fire already. >> i love the movie. anyway, we'll see you today at 2:00. >>> up next, l

those go to the ftc. it is time to narrow their focus and get them back to their true mission. communicators"the ," at 8:00 eastern on c-span 2. "washington journal" continues. is frankning me now buckley, professor of law at george mason university and the author of the book "the once and future king." thanks for joining us this morning. >guest: thank you for having me. host: what made you decide to write this book? guest: i came here from canada and i expected to find a country that was different from my former country. instead, i found one that had a fair bit of monarchy built into it, curiously. it is a country which was founded by very smart, eminent, wise people, and what they wanted most of all was a country that would not be ruled by one man alone. increasingly that is what we are moving to. host: i will read a quotation and you can break it down for us. host: break that down for us. guest: what i didn't say was george bush or obama. this is not really a partisan point. it is a constitutional point. we have slipped off separation of powers. when americans think of their