i'm scott cohn in the newsroom with still more breaking news on the 25th anniversary day.emember the lawsuit that was filed in federal court in texas demanding that the recalled vehicles be parked now, that gm put out a notice saying that e the -- you shouldn't drive the vehicles? well, the federal judge in this case, judge ramos, according to dow jones, has denied that request, so the cars will keep on driving, as you take a look at shares of general motors, which have trimmed their losses on the day, near unchanged -- well, we'll continue with the "halftime report" after a break. cars are driven by people. they're why we innovate. they're who we protect. they're why we make life less complicated. it's about people. we are volvo of sweden. [ telephone rings ] [ shirley ] edward jones. this is shirley speaking. how may i help you? oh hey, neill, how are you? how was the trip? [ male announcer ] with nearly 7 million investors... [ shirley ] he's right here. hold on one sec. [ male announcer ] ...you'd expect us to have a highly skilled call center. kevin, neill holley's on

scott cohn, nightly business report, boston. >> they don't say boston strong for nothing. >> no, they't. >> that's it for us tonight. >> have a great evening, everybody, and we hope to see you back here tonight. >> welcome to "film school shorts," a showcase of the most exciting new talent from across the country. experience the future of film, next on "film school shorts." >> "film school shorts" is made possible by a grant from maurice kanbar, celebrating the vitality and power of the moving image. and by the members of kqed. [ slow klezmer music plays ]

scott cohn, nightly business report, boston. >> they don't say boston strong for nothing. >> no, they't. >> that's it for us tonight. >> have a great evening, everybody, and we hope to see you back here tonight. [quirky instrumental music] ♪ >> morning, tim. >> we've got disco balls this year, all the beer you can drink, two glasses of white wine, a band, and all for a tenner.

let's go live to boston where scott cohn is standing by. scott? >> reporter: exciting, melissa, but still a bit tense, nobody is exhali exhaling, because remember it was at this point last year,in, everything right, the elite runners had passed and, of course, terror struck. so they are keeping an eye -- a close eye on things with a quite enhanced security over a year ago. we do have a winners in the elite division. the first american male to win the race in 31 years. kafazigi, and the woman of kenya who sets a course record here. one of the things that they're doing a lot of, and they started doing this ahead of last year's race, was an enhanced effort by the boston police to do social media, to communicate via twitter. they're doing it today with big crowds at the finish line on boylston street. they tweeted a short time ago, that boylston street had reached capacity. the checkpoints were full, and they were suggesting other areas. this was part of the legacy of ed davis, who was the police chief last year, has since retired, now a private consu

scott cohn, nightly business report. >>> and on this day 60 years ago, jackie robinson broke the color barrier to play in the major leagues, today, ball players across the leagues will celebrate the someday by wearing the number 42. and the memorabilia still strong, a bat robinson used in 1956, sold at auction for more than $158,000. last night i asked my son, mackie, who his favorites were. he said derek jeter, and jackie robinson. >> how did he come up with that? >> the movie last year was a real hit and resonated with a lot of young kids, the last person to wear number 42 in the majors, mariano rivera. it will never be worn again. >> thank you for joining us, i'm susie gharib. >> and i'm tyler mathisen, thank you, have a great evening. we'll see you back here tomorrow evening. >>> tonight on "spark!," we step away from museums and galleries and into the urban landscape to discover artists whose work emanates from life on the street. in our first story, the gift of grafitti artist david cho, once a self-described husler and thief, he's now searching for a new direction, using art to

scott cohn has been digging in and joins us with more. >> if you're going to get mad at something, get mad at the numbers, the cost of health care. anytime you start talking about health care dollars, the amounts do boggle the mind. one in three americans receives benefits at a cost of around $900 billion. $77 billion dos to doctors and other providers, some are better at navigating the system than others. a handful are better. one -- in 2012, more than any individual doctor in the country. he's already on the fed's radar screen. he was ordered at one point to rural nearly $9 million in a billing dispute. he's also gotten his attention to robert menendez, who's acknowledged make inquiries about ambiguousities in the law. melgen's attorney says he always billed in conformity with the rules, the vast majority is the cost of the drugs. and dlismt melgen stands by his record of improving the vision and quality of life from patients around the world. he's not the only doctor. a florida cardiologist took in $18 million and a new jersey pathologist 12 million, clinical labs collected even mor

jim fork and risch fisherman, sue, scott cohn is here, basically on day one and several others.ch is a wonderful way to remember this day, and even more wonderful, kelly, is that the bar is open now. we can go there. >> the party will continue, shall we say, after the close here, and here comes -- here comes mark hoffman, president of the network. joining us here on set, good to be in the studio. >> so great. that was great. >> great to see you, mark. welcome. my god. >> that was just great, just great. >> the last time they let someone do it that way. >> that's what we understand. so nice of the new york stock exchange to let us close the market on our 25th anniversary from cnbc, and we had 500-plus employees here, and what a thrill. what a thrill. >> how many pounds of confetti as well? >> last time i saw you carrying a gavel that big you were running after me. >> please sign your contract, please sign your contract. >> so nice to be surrounded by so many people who have been here 25 years. >> that's what we did. we had on the podium with me was pat philly who is the chairman

senior correspondent scott cohn is here with the story. >> and what it can take to unravel that.o file electronically, but someone else has already filed in your name. >> identity thieves can target anyone, something i saw firsthand last year when two people attempted to get a fraudulent tax refund using my personal information. >> that's right. attorney general eric holder had his identity stolen last year. the crooks didn't get very far in his case, but the two men from georgia pleaded guilty to stealing at least ten identities. and collecting thousands of dollars in illicit refunds. if you have a local crackhead, get them to sign up for an electronic signing number, it's easy says one e-mail. another defendant responds, i just got to find a crackhead, now that won't be so far. one warns the more technologically plugged in you are, the more vulnerable are. >> having the technology, you know is like driving a ferrari going the wrong way down the freeway. you know, if you don't know how to handle and maintain the vehicle you're riding in, it's going to cause you abaccident one da

on this patriot's day, scott cohn is along the route. >> reporter: if there was any concern people would stay away, don't worry. on the contrary, the crowds are large. that's creating some issues of its own. we'll have that story when "power lunch" continues. lunch". drivers, tgo!our marks. it's chaos out there. but the m-class sees in your blind spot... pulls you back into your lane... even brakes all by itself. it's almost like it couldn't crash... even if it tried. the 2014 m-class. see your authorized dealer for exceptional offers through mercedes-benz financial services. >>> the supreme court waded into argentina's legal fight with bond investors today. kate kelly joins us with more. >> reporter: tyler, thanks so much. i'm standing in front of the supreme court. as you mentioned, where just a couple hours the nine justices heard arguments from both sides in this case. somewhat no tore yoius in the hedge fund area, there's a very long and financial terms sordid back story to this case involving argentina's default in 2001 on its debt. it was the largest in fwlobl history at the time,

up next, scott cohn looks back on 1989 and the launch of cnbc.n, how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going to have to rethink this thing. it's hard to imagine how much we'll need for a retirement that could last 30 years or more. so maybe we need to approach things differently, if we want to be ready for a longer retirement. ♪ >>> if you haven't thought about your taxes until now, you may already have waited too long. >> u.s. airways and america west have sealed the deal. the new company will be called u.s. airways. >> you look good, dude. there are some memories from the last 25 years. that was me. my hair was a little shorter and scott, his hair was a little longer. scott is a cnbc original for 25 years. this was his very first day that we showed you airing on day one about how to avoid being audited by the irs. nothing has changed. >> how to file for an inco

scott cohn with the latest. >>> we're finally heading into spring, but it's not just the weather looking steve liesman with details on the economy, whether it's seeing a spring snapback and what that could mean for the markets. welcome back. the drop in the ten-year means there's something out there, there is something lurking within the economy that suggests it might not be as good, or getting as good as we think. >> there is definitely a smell that's created by the ten-year that is not pleasant. it's not quite rancid. but the other smells are decidedly springlike, okay? we had an effervescent return -- i'm searching, struggling for metaphors, spring flowers, like a hyacinth kind of smell from claims, a variety of smells coming from the other data. the retail sales data, it's like taboo perfume. if you're a stock guy. no, they're taking the opposite. i want to put numbers to what joe was talking when. joe was talking earlier about the snapback. here's what the street is looking for according to the exclusive cnbc wrap it up debate, 160, 170 or so, lackluster. but then a rebound in the s

scott cohn joins us with more.hat hits me, that's a lot of people -- for me it would be trying to pass. anyway. >> yeah. it is a lot of people. it's also a lot of spectators. to give you a sense of how big an undertaking it is, 36,000 runners, as you said, that's the largest field since 1996. a million spectators expected to line the route, which goes through eight communities over the 26.2 mile marathon route. extra security is visible. you can see more cameras. you can see more security. we asked some runners about that at the annual pasta dinner, pre-race pasta dinner about whether they are concerned. most are here for more than just a race. they're here for a mission. they say they feel very secure. >> everybody being very helpful. all the bag checks. all the dogs walking around. they're taking extra precautions. >> they want to make sure nothing is going to happen again. ed davis, the former police chief, now private consultant. he said they are not taking any chances this year. i think we can go to former chi

>> scott cohn, just celebrated 25 years on cnbc, started when he was 5. for a quick market flash. >> check out the cool sector. ubs downgrading walter energy, alpha natural resources, to sell from neutral, citing lower commodity prices in the coal sector. ubs lowering the price target on alpha and arch coal from $3 to $5, and from $5 to $8 on walter. kayla. >> thank you so much, seema. >>> coming up, what is the most important social network for teens in this country? the answer is important to your portfolio, and it's up next. it might surprise you. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. could save you fifteen percent or more on car insurance.s everybody knows that. well, did you know bad news doesn't al

>> thank you, scott cohn.heck in with you, the 118th boston marathon on patriots day. >>> now we turn to the markets with futures higher, keep in mind european stocks are closed today. the currency market, though, one of the few that is up and running at this hour. the u.s. dollar is actually starting the week on a high note thanks to better u.s. economic data. recently we got japan's record trade deficit and ukrainian tensions all playing into the trade this morning. with us, dan katsip and michael gerka joining us. dan, the u.s. dollar stronger, treasury yields rising, is this the new pair dime where the dollar strengthens on the back of a stronger u.s. economy? because it is not always like that. >> i think that's heart. i think the dollar will do reasonably well because yields are gradually moving higher. fx is mostly policy diversions and the fed is getting closer to the exit as other strl banks are staying on hold or moving closer to further easing. >> well, it's unusual, michael, maybe you can address t

scott cohn has details on that. >> let's be clear. not sure if there's a fund, but there will be a process and for that gm has tapped ken feinberg, really the dean of these kinds of things going back to agent orange. interviewing him primarily about the one fund in boston which has been an enormous success, and you'll hear more about that during the coverage of the boston marathon on monday. we also had to ask him about this gm issue, the next big assignment and here's what he told us. >> i'm assuming, and it's early, i'm just assuming that based on initial conversations with the company that they are asking for me to help develop some sort of program that might be used to compensate eligible claimants. now who is eligible, whether there will be a fund, how much money, what is the definition of how you're going to calculate the damages or what proof will be required. all that remains to be seen. >> anyone who can sort that out it is ken bine fearing who has a lot of experience with this type of thing. he said it will be several weeks

scott cohn has been covering the story for us all day., runners are still crossing the finish line, right? >> reporter: yes, they are, michelle. in a lot of ways, you know, this was a day that boston has been looking for the better part of the last year, to take the city back in the words of the mayor. they planned intensely for this race for the last six months with a greatly enhanced security effort. some of it visible, some of it invisible. and the economic benefit here, $175 million, that's a record. of course, the city would give it all back in a heartbeat. >> -- today's about the spirit of this race. you know, the spirit of so many people running for some different things. we have 90 different countries represented in this race today. it's just incredible the outpouring. >> reporter: there was a moment of silence at the beginning of the race early this morning. but other than that, they tried to make it a race that was as normal as possible. roughly 1 million spectators along the 26-mile marathon route. and again, they wanted to mak

a story today has many wondering just that and scott cohn joins us with the head-shaking details. >>ot of cases doctors have been at the forefront of this, kelly. we do know the numbers involved in health care and health care entitlements are huge. a $900 billion budget, $77 billion paid to providers last year and some got a whole lot more than others. this is new data released by the department of health and human services, numbers the agency had kept under wraps for decades. so meet america's top medicare dock tor, salomon melden of south florida who collected nearly $21 million of taxpayer dollars. he's been under federal investigation over his billing. his offices this south florida raided more than once. his attorney says his client always build in accordance with medicare standards and blasted the feds for release the unfiltered data, others including the american medical association have raised similar concerns, but as we found out two years ago in our cnbc documentary "health care hustle" medicare fraud is rampant, $4.3 billion recovered last year alone. the administration sa

i also want to thank some of my repeat cosponsors supervisors cohn and scott wiener. i know this is only an urging resolution but i think it's important that this body take a real critical action and making sure that our state representative understand how important it is to us and that we are going to continue to be watching and be actively engaged in the fight to make sure that folks from our especially disadvantaged community, the ones that we talk about the most have a real shot at attended these universities. the rest i submit. >> thank you. supervisor campos. >>supervisor david campos: thank you. i want to thank supervisor breed and her staff for the resolution that they have introduced on affirmative action in prop 209. i'm very proud to be a cosponsor. what i want to say is this, that i think that what's happening around this issue is very unfortunate. what we have seen is that some individuals have tried to use this issue as a way of dividing communities. those of us that have benefited from affirmative action and i would not be here were it not for affirmati