but it's not really the s.e.c. it's a broader question and the great institution here and listing the xaenls in this country because it starts with the listing standards of the exchanges. so they need to bring in more -- oh, you're looking like you're -- >> i agreement agreeing. finish your point. >> so i think there's more to it. >> don't you think the standards have been raised as a result of some of the research and the reporting done by you, others and some of the issues that have been raised over the years? don't you think the new york stock exchange and nasdaq are vetting companies in ways that they never had in the past? >> well, vetting -- what is vetting? going out and doing serious research on the ground or you meet the listing requirements? that's what it amounts to. >> i think herb is right in theory but i don't think the s.e.c. or cftc gets another budget dollar and not in this climate or in general to do anything beyond what they're doing and as the market globalizes and good in general we see the prob

the s.e.c. has taken little action to remove these unnecessary and outdated regulations and to make appropriate changes to help investors. so we have h.r. 4569 before us and it seeks to do what? it removes some of the outdated and unnecessary red tape and allows for the small companies' investors to benefit from a more streamline and efficient and public disclosure regime. specifically, the legislation would direct the s.e.c. to simplify public companies disclosure regime for issuers and investors by permitting the issuers to submit a summary page of annual reports on form 10-k with cross-references to the contents of the report. it's that simple. because the typical 10-k filed by issuers are hundreds of pages long and written in legallies, they do find it difficult to digest the truly important information about the company in the report. so permitting issuers to submit a summary page would allow companies to disclose pertinent information without exposing them to liability. so this summary page

while that bill has not yet been voted on and the s.e.c. still works on final crowdfunding rules, many states are not waiting. fourteen states and the district of columbia have allowed companies raising money in their own borders to use crowdfunding an exemption allowed under federal law. at least 12 others are considering joining them. but for many entreprenuers, including artur maklyrevesky, crowdfunding remains out of reach, more than two-and-a-half years after jobs act was signed into law. when companies like facebook, >> sreenivasan: should small investors be allowed to fund start up businesses, or is it too risky? take our poll at newshour.pbs.org. investigators are calling the recent cyber attack on sony pictures unprecedented, well- planned and possibly the most destructive corporate security breach reported on u.s. soil. sony happens to be releasing a comedy movie called the interview which depicts a plot to assassinate kim jong un, pointing to north korea's possible involvement in the attack. there's also speculation that china aid

they claim the s.e.c. title. will bama be a number one seed? will it be oregon? don forget, the selection show, sunday at 12:30 on espn. buck eye lgs, horn frogs, bears, all very impressive. but were they impressive enough to get in? who's in? find out sunday afternoon on espn. >>> how do you feel about the way this team is playing and where they are as you guys move forward into the next stage and the next challenge? >> i love this team. i take this team anywhere, any place. calloh, hello james. hi santa, i've been on the nice list for seven straight years! and he's only eight. he's gooood. i guess i can throw in another video game, then. you can put that in my new ford fusion. i'm sending over the specs. you want active park assist? i can't parallel park! that makes two of you. oh. plus with great gas mileage it can get me where i need to go. and i gotta go to the barber shop to get a fresh new lineup. lineup? oh, you know... the accuweather forecasting alter. >> thank youing melissa. let's go to the "action news" big board and once again keep strak of the weath

the s.e.c. investigation is a cloud over the company. it's been out there for a long time and it's a question about some of the company structures that were used, and in some cases, alleged to have inflated as el value asset values. i think in terms of the underlying company, this is the small market cap company. so i talk about this all the time. they're growing their top line. they have just begun to really get into a number of cities. this is a company that needs to show it's profitable. it needs to show that there's actually a real distribution model for these vehicles. but it's a very exciting time to be investing in this kind of technology, in a place that we all know is not only the largest market, it's the largest market by far with a government that's totally incentive sized soci edy to make sure this has happened. >> but to emerge in the china market, would you rather -- would you prefer to invest in the manufacturer that sells the vehicles as opposed to leases its vehicles in a car-sharing program? >> well, i think in this cas

the s.e.c. ing delays in getting ns toumts. the s.e.c. is examining the deal to see whether it's in the public interest. time warner cable withheld more than 7,000 documents due to an inappropriate claim of attorney-client privilege. comcast is the parent company of cnbc. take a look at how sharts are responding today. we're looking at comcast shares up about 0.5% in frankfurt. time warner cable down about 0.2% in today's trade. our next guest says the telecom and media sector could jurchd underperform with the potential entry of comcast. let's discuss more on what that means, broader implications in those two sectors with daniel ives. thank you for joining us this morning, daniel. we know m&a has been a central theme so far this year. in fact, 96 deals worth thon more than $5 billion have been completed over the past 12 months. before we get into your sector pick, do you think this trend will continue in 2015? >> oh, yeah. i think you'll see a surge in m&a. and i think part of it is the bipolar

broad hill financial is still in talks over a possible settlement with the s.e.c. comcast chief final officers say it will return capital to jefferson in 2015. it will happen after the purchase of time warner cable closes and he is optimistic the deal will wrap up by the first quarter of 2015. the c.f.o. also mentioned that cord cutting helps the broadband business. one of bernie madoff's longest serving employees was sentenced to 10 years behind bars for his role in the morning $17 billion fraud that was less than half the term sought by prosecutors. he is the first of five former madoff aides to be sentenced in the coming days. to our lead, new details surrounding sony pictures massive cyber attack, hackers claiming to be behind the attack are releasing new data and demanding that sony not air the seth rogen comedy attempting to assassinate kim jong-un. they named sony pictures film head and the studio's tv director as the next possible targets. it's the first time hackers have demanded that the studio halt the release of the sbuff which has drawn scorn from the n

cuban was cleared of all charges, but it propelled him to the forefront of all s.e.c. and he's been vocal about the ineptitude of the s.e.c.. essentially said the s.e.c. lies, they're in for wins. and that there is a lack of awareness at the agency. so there could be some very choice words between 2450es two men. of course tune into cnbc for all the highlights as they happen. and of course later on on the "closing bell," i'll have an exclusive interview with mark cuban. tyler, over to you. >> thank you very much for that. it will be lively. in the meantime, lockheed martin shares are up today, up 36% on the year. that's despite reports of new challenges for the f-35 fighter jet. jane wells has more live from l.a.. >> the f-35 is supposed to be the best fighter jet ever and it is critical to lockheed martin's future. certainly the most expensive. but as it goes through testing and training, it's running in on some problems in the desert heat at luke air force base in arizona. there is no shade for the fuel trucks and the fuel at times gets too hot for the plane. because

einhorn's green light capital also was a holder of this stock as of the last reporting period from the s.e.c. filings. we'll see if they are still in the stock or not. no disclosure yet but jenna partners filed this with the s.e.c. saying they have sold their entire stake. >> dom chu, thanks for that flash. b.k., i was thinking these activists have been a little quiet around this massive price decline. >> right. i think now i wouldn't be surprised to see this thing pop on friday when it opens up. you have this big overhang over it, whether there's a couple other people getting out, it wouldn't surprise me at all to see it pop. i think taking civeo, they're a smaller stock but they make the man camps and they're exposed to western canada. when i look around and try to extrapolate that, i look at canadian pacific, canadian national. these guys have really benefited from building these machine camps, from transporting the oil. i'd be very careful of those names going into 2015. >> yeah. the ripple effect from those lower oil prices. three big moves in 2014, amazon, tesla, and biotech. but will

the s.e.c. ve turned alibaba away? >> yes. >> they should not have been allowed to list in the u.s.? >> no. this is just my opinion, but if you're hosted and based in a communist country where the only rule of law is what the communist party says it is, how can you enforce any type of law at all? >> it's an interesting point. i don't know if cuban is who -- by the way, i respect him greatly and always love to listen to. there's always been a lot of concern, if you will, in these variable interest entities. so-called vie structure, which you need to do basically because the communist party and chinese government regulations restrict foreign ownership in the sector. what you end up with is the rights to the revenue of the underlying businesses through contracts, but there's always been a question as to whether that's going to be long-term enforceable. that's why when we talked to jack ma, i asked and he makes point of saying, you have to trust me. that's true, there is that larger issue there. agai

company's parent mcgraw-hill is still in talks with the s.e.c. which is investigating whether the firm changed reading criteria to improve business back in 201. shares fell to 91.80. >>> verizon says its subscriber account is growing again but it said promotional offers will pressure its margins and earnings. shares fell initially on that news that came out after the markets closed. during the regular season shares rose a fraction to $48.90. >>> and from the "you think we might learn" department easy terms for home buyers that helped lead to the crash last decade. but now regulators are once again tweaking the standards to boost home ownership. as diana olick explains it's about creating savings and an alternative investment to stocks. >> reporter: can't afford a down payment for a home? well it's about to get easier with new loans from government-backed fannie mae and freddie mac requiring just 3% down. >> i think there's a big problem with this because we've lived through it already. >> reporter: government is pushing home ownership again claimi

later in the day we will have mary jo white head of the s.e.c. e has not talked about the insider trading decision that came out yesterday from the appellate court and what that means for future prosecutions. then as the day progresses, we've got lloyd blankfine. we're going to have him weigh in. mary barra of gm headquarters. she's been in and out of headlines throughout the year. and then we'll be talking to hedge manager ray dalio about what's going on in the markets and of course culture. and later in the afternoon, we're going to have a rare interview with ken chanault. perhaps we'll talk more about the future of payments, apple pay, and what all of that means. and then at the very end we have a special treat. we're going to talk to adam silver, the commissioner to the nba who also hasn't had a quiet year in his job. including an op-ed he put out in "the times" just a month ago calling for the potential of gambling on potential sports teams. we'll do that all throughout the day and bring it to you on cnbc as well. >> so you're perfectly conte

there was lots of things that the white house said don't you like that we're saving funding for the s.e.c. gwen: we'll be watching that, some closer than others. you have your cot set up on capitol hill. thank you, everybody. before we leave you tonight, we wanted to take a moment to acknowledge the passing of an outstanding journalist and hero of mine. "washington post" photographer michel du cille, a three-time pulitzer prize-winner, died of a heart attack while on assignment in liberia. michel was known for his stunning work, but also for the humanity he brought to the stories he told through his camera. he was also a generous teacher, never hesitating to reach out, embrace and share knowledge. he was 58 years old. we have to go now, but as always, the conversation continues online the "washington week" webcast extra streams live at 8:30 p.m. eastern, and you can find it all week long at pbs.org/washingtonweek. where, among other things, we'll talk about how the "new york times" got an early jump on that senate intelligence committee report. how did they, mark, i'll ask you then. keep

he is getting into the shark tank. an s.e.c. hater, mark cuban shares the stage with cox at the market council event, this happened in las vegas. cuban talking about why alibaba should not have gone public in the united states. melissa lee was the moderator. >> there is no point in s.e.c. enforced -- it's the biggest ipo in history and -- >> can i push back on you, mark? you bought into this pipg? yes. >> you're saying the s.e.c. should have turned it away, yet you are there as a shareholder giving your money to alalibaba. >> because i think the s.e.c. is worthless in the first place when it comes to enforcement. seriously. i've come to grow and like chris. i didn't expect to have that and i respect him. >> c-o-x. >> yes. >> cuban talking about not letting alibaba listen to the u.s. senate around the difference between china and the government and the ability to enforce insider trading rules. of course, mr. cuban -- back and forth. >> still mama.com. >> don't cross him. >> continues. >> i wonder if there's any -- is there any sit

it is also important to note that legislation include suggestions made by the s.e.c. re importantly it includes greater investment in america's small businesses. i want to thank congresswoman maloney for help on this bill, ask my colleagues for their support and, mr. speaker, i reserve the balance of my time. the speaker pro tempore: the gentleman from missouri reserves the balance of his time. the gentlewoman from wisconsin is recognized. ms. moore: thank you, mr. speaker. i yield myself such time as i may consume. the speaker pro tempore: the gentlewoman from wisconsin is recognized. ms. moore: thank you, mr. speaker. this bill, as has been indicated, is a bipartisan bill. we support the bill. i have no requests for time and therefore i would urge my colleagues to support the bill and i yield back the balance of my time. the speaker pro tempore: the gentlewoman from wisconsin yields back the balance of her time. the gentleman from missouri is recognized. mr. luetkemeyer: i have no other speakers, mr. speaker, and i reserve the balance of my time. i'm ready to close i

at the s.e.c. it was a very long time ago. hase manhattan bank before he became president of the new york fed on his way to becoming chairman of the fed. so i think if you look back, you'll find that many of the strong supporters of regulation are people who have seen up close what it is that is being regulated. and so i am troubled by this tendency to use litmus tests based on background for making decisions. >> i don't want to cut you off. a quick answer, i really want your opinion in terms of where the democratic party, what the smartest thing in your view is to do. should the democratic party become more populist than president obama has already taken it? ie, the elizabeth warren path? just hillary clinton move in that direction or does the country given this last election want us to move maybe to be a less populist country? what do you think? >> joe, my last column made the point that democrats are pointing out correctly many areas of market failure that republicans are pointing out with some valid i did some areas of publ

cuban has been calling for reform of the s.e.c. which prosecutes such cases. >>> now, sticking with tech, the mega tech stocks leading the declines in the market early this week but some staged somewhat of a comeback. the nasdaq was able to eek out a gain yesterday despite losses on the s&p 500 and the dow. will the volatility continue? let's bring in santos rowl. thank you for getting up early with us. the volatility that we saw not just in the new tech names like twitter and alibaba, but even old tech, microsoft, yahoo! intel selling off earlier this week, did that come in as a surprise to you and is that a concern that this is the start of a sell-off? >> no. good morning. thanks for having me. i don't think this sell-off was as big as it's made out to be. i think all the stocks that you mentioned are still doing very well. they're slightly off their peaks, but still outperforming the overall market. so i think just to make that statement would be -- would not be fair. overall, i think we've been in a risk on environment whethn th

the s.e.c. objects that argument saying obscenity implies sexual or torrid in nature. the team has been under increasing pressure from various groups and some lawmakers, including the incoming senate minority leader, to change that name. >> a young man with a name fit for a king in trouble with the law. we'll explain. and spending a billion dollars of your money to not find out how the environment affects children. the grapevine is next. ♪ [ female announcer ] you've tried to forget your hepatitis c. but you shouldn't forget this. hepatitis c is a serious disease. left untreated, it can lead to liver damage and potentially liver cancer. but you haven't been forgotten. there's never been a better time to rethink your hep c. go to hepchope.com to register for more information. then talk to your doctor about scientific advances that may help you move on from hepatitis c. then talk to your doctor about scientific advances when electricity is generated here's awith natural gasu: instead of today's most used source, how much are co2 emissions reduced? up to 30%? 45%? 60%? the

as part of the dodd-frank bill, the s.e.c. s trading commission imposed new regulations on companies that deal extensively in derivative products. as a result of that action, credit default swaps now clear through exchanges or clearing houses, but they're still exempt from insurance regulatory oversight. [ticking] coming up, the harsh reality of state finances. the state's a deadbeat. >> yeah, i mean, the state of illinois is known as a deadbeat state. you know, this is a reputation that has taken us years to earn, and we've reached, you know, the heights of, i think, becoming the worst in the country. >> it's the day of reckoning when 60 minutes on cnbc returns. people with type 2 diabetes come from all walks of life. if you have high blood sugar, ask your doctor about farxiga. it's a different kind of medicine that works by removing some sugar from your body. along with diet and exercise, farxiga helps lower blood sugar in adults with type 2 diabetes. with one pill a day, farxiga helps lower your a1c. and, although it's not a

they got more money for the s.e.c., more money for the commodity futures trading commission, but theyd to take this in return, rolling back a provision of dodd/frank that would have prevented banks like jpmorgan from making derivatives trades, risky trades, with taxpayer-backed money. that's been rolled back now. it's a huge win for the banks, a huge win for the banks and really something that liberal democrats are very unhappy about, carol. >> now remember, jpmorgan chase, also, they just recently settled the biggest settlement ever with the american government, $13 billion for the mess that was the mortgage fraud that happened before the financial crisis. admitting the role, really, in what happened that brought the world economy to the brink, and now succeeding in rolling back some of these dodd/frank regulations. >> so, dana, in lawmakers' minds, how is this good for taxpayers? >> reporter: well, you know, as i said, what those who supported this large compromise measure would say is that, you know, you don't always get what you want. for example, on this issue of dodd/frank or of

you can see the s.e.c. championship right here on cbs starting today at 4:00 p.m. for your weekend. >>> up next prince william and wife kate have never visited new york city before. so where are they going after arriving tomorrow? brooklyn and a few other spots as well. you're watching "cbs this morning saturday." >>> this portion sponsored by usaa, proudly serving the financial needs of current and former military members and their families. thank you for being my hero and my dad. military families are uniquely thankful for many things the legacy of usaa auto insurance could be one of them. if you're a current or former military member or their family, get an auto insurance quote and see why 92% of our members plan to stay for life. you've tried to forget your hepatitis c. it's slow moving, you tell yourself. i have time. after all there may be no symptoms for years. no wonder you try to push it to the back of your mind and forget it. but here's something you shouldn't forget. hepatitis c is a serious disease. if left untreated, it could lead to liver damage and p

the criminalson tooird locked april spot in the playoffs after cruising past missouri in the s.e.c. labama's third conference crown under head coach nick saban. ohio state moved up the rankings to fourth after dismantling wisconsin 59-0 in the big ten title game. the buckeyes have won 11 games in a row and keep on winning despite having lost two star quarterbacks to injury this season. and the other semifinal number two oregon at third ranked florida state in the rose bowl. the ducks won their fourth pac-12 championship in six years avenging their only regular season loss to arizona. oregon's high-powered offense is led by the heisman trophy frontrunner, quarterback marcus mariott a. the ducks were behind just once at halftime and never in the fourth quarter. the florida state seminoles are now the only undefeated team in major college football. the defending national champs just keep on winning. extending their streak to 29 straight games after beating georgia tech in the acc championship. they have struggled at times, trailing in the first half in had ten games this season, but it'

then there was the s.e.c. where there was an attempt to make sure that legislation would have affected the investors by making sure we prevented the security exchange with the fiduciary standard of care for brokers. we also prevented the treasury from -- a rider that would have prevented the treasury or stopped the treasury from designated certain insurance companies as too big to fail. it's not like beeper asleep at the -- it's not like we were asleep at the switch here. it is not like we were saying wall street, our dear friends. these were hard fights. so what did we do? this is the appropriations committee. we would have preferred to do individual bills, open in debate. but guess what? it wasn't meant to be. we had to fund it. we had to do it all, 11 committees with the homeland security on a continuing resolution. and we worked, we debated, we argued, we fought. we won some and we lost some. one we did lose. this is the subject of great controversy and debate here. but i want everybody to know it was one o

here is what cuban said moments ago about the s.e.c.nt chair mary shapiro. >> it's just arrogance. mary shapiro didn't give a [ bleep ]. it's not like she's saying here we go, here is the strategy, here's the steps we're taking to make the markets more efficient, capital formation better, more trust in the markets. there is none of that. >> there you go. strong words from mark cuban. i don't know what they were because they were bleeped out, but we get the idea. melissa lee will have a live interview with mark coming up and she will ask him i'm told what was under the bleep. >> maybe she'll even have her own little bleep machine so he can do it live for us. >> maybe she'll need to be neve >>> a big economic rebound under way this cleveland. what is really giving cleveland the boost sf. >> and one of america's greatest business people will join us, lynn tilton will tell was she thinks we need to do to get the whole country rocking. take a closer look at your fidelity green line and you'll see just how much it has to offer, especially if

and uopá they wanted, like cuts in the epa, $60 million worth, democrats got more enforcement by the s.e.c of bank but was also lost new bank regulations in this. and this could be a big one, reduced retiree pension benefits for 1.5 million people. a lot of tug-of-war behind the scenes. bottom line, there is a budget in place. the exception, the department of homeland security, they're in charge of immigration, republicans do not like what the president changes are and they want to hold on to that and deal with it at beginning of next year. that budget would go through the end of february. >> a big exception. see how it plays out. tracie potts, thank you. >>> 5:44. christina joins us, very busy, preparing for the impending storm as well. you've got to get out the door and want to know the temperatures. >> you probably do. 54 in san jose. we have a couple of areas where you get pockets of cold air especially the foothills. we are looking good for a dry day, before the changes come in rapidly, my friends. a big storm system on the way to the bay area. i've had a lot of questions about this.

these are multibillion dollar investments. >> it's the president telling the s.e.c. what to do. >> this. >> here is the internet, right? there are some concerns people have about how the internet will be treated in the future, you know? is there going be blocking inspect paid prioritization. and the president articulated that we need to guard against these things. we all got that. what has created the noise, the president said to joe's point, he wants to put the internet into regulations that were written in 1934. these regulations were written for the black rotary dial telephone. at&t, the monopoly. we're going to take this dynamic echo system and shove it into this regime. this regime says we're going to formulate prices. these services will now be subject to taxes they're not normally subject to. this will increase the average internet bill for a family by $19 a month. we have said our objective is to increase penetration. increasing the price of it is not exactly a formula for increasing penetration. >> no, $19 is straight on taxes? >> taxes and universal service

the s.e.c. pausing its review of the comcast/time warner cable deal until january 12th. stopping with the clock on that, the agency citing delays in getting documents from time warner cable. the s.e.c. must decide on whether that merger is in the public industry and full disclosure, comcast is the parent company of nbc universal. they do believe the transition will close in early 2015. >> this pushes it up by i think late march. so that is -- there's three months in a rt yeaher, right? wool see. let's check on the markets this morning. new highs yesterday just under 18,000. were indicated to add to those gains again today. there are the futures. let's take a quick look at whether we will do 18,000 today. that doesn't -- fair value is down slightly. i was just looking, fair value for -- >> no, that is what i wanted to see, as well. we closed yesterday just surround it, right? >> yeah. >> 17,950 something on the dow. so that was a little bit weird. in europe, we'll take a quick look. europe probabl

that would be made by the justice department but with the s.e.c.'s input. white will be grappling what's next with her own civil case against s.e.c. founder steve cohen and insider trading cases they may be working on. >> we are awaiting the first trade on lendingclub. the indication is it is opening higher than that $15 price. indication $23 to $25 range. bob pisani says demand is holding up the first trade. we'll continue to follow that for you. we'll be speaking here first to the lending club ceo soon as the stock starts trading. >>> here are the top stories we are watching. 10:35 on wall street. urban out fitters the biggest gainer rising 10%. the apparel retailer issuing an upbeat sales outlook for holiday quarter. business inventories rose 0.2% in october in line with forecast. average 30-year fixed mortgage rate rose slightly last week standing at 3.93%. that is according to freddie mac. >> watching the dow closely. almost wipes out the losses from yesterday. maybe another eight points to completely undo what the bears did yesterday. s&p up 27. crude

the s.e.c. been thinking about for a long tile. >> the ten-day rule that investors have ten days. and you think that number is going to come down. that could impact how powerful it is. >> i would have thought it would come down. it's taking a long time for the s.e.c. to make that decision. ten days seems like an eternity in this environment. >> and what should it be? >> that i don't know. if i was the commissioner, maybe i'd know that. >> the activists will tell you that shareholders and investors have been the beneficiaries of their work. and that the ability of an activist to create a toe hold, gain a position, and have those 12 days to do it is meaningful. and therefore investors would lose. >> well, that's -- >> if i was bill ackman, that's what i would tell you right now. >> i've not heard him say it live. and i understand the argument, but you have to believe the outcome to support that argument. you have to believe that shareholders necessarily gain on all that. >> last question. spinoffs.

the tide rolled just as we expected and now we're headed to the fcs championship and then the s.e.c. isn't it? >>> i'm charlie rose with garrell king and norah o'donnell. president obama holds white house meetings today about ferguson, missouri. officials say he wants to bring community and police closer together. the officer who kill and unarmed teenager and will not face state charges resigned this weekend. darren wilson said his employment puts colleagues and residents at risk. >>> in the meantime st. louis police want an apology from the nfl and the st. louis rams. these players entered the field yesterday with their hands up. that's a familiar pose for ferguson protesters. please called this movie tasteful offensive, and inflammatory. >>> another 1.2 are expected to shop. that's down from last year. forecasters say the shoppers who are logging on will spend more. they sayon line sales could reach $2.6 billion and that's up from almost $2.3 billion last year. toys are on many shoppers' lists this morning but how can parents be sure they're safe? a new first of its kind report fro

the s.e.c. is expected to make a final decision around net nigh ralty very soon. help us understand how that could impact your business. >> of course. as the founder of a start up, we are extremely concerned about, you know, this debate on net neutral till. why? because we believe that the -- of the future are being created right now and all the traffic should be treated equally so what can be rewarded by the market can be the innovation. and all these start ups like watch up are creating. all the traffic should be treated equally so there could be a great level of competition. >> how big of a threat is this to your business? >> i think it rather as an opportunity. if you look at what tom wheeler, the fcc chairman announced a little over a month ago, it's actually a pretty good proposal. what he has in mind is to give act tess to digital video providers to give them access to cable. very much like what some cable companies are having access, of course, to internet to make sure to better distranscript programs on digital. we believe digital video providers, as well,

the s.e.c. can be. there you have another dispute. we'll see how this ends up. remember cbs just crushed time warner cable in its last big dispute. >> does that mean this cowboys/bears game which is an nfl network, do we get that game? that's a good game. that's the first thursday night game worth watching. >> it will be fun to see romo. >> i hope his back is feeling better. when we met him he did that charm offensive. i no longer hate tony romo. >> even though you want to. >> i want to so bad. he's too great a guy. loves the show. >>> the world's eyes on cape canaveral this morning. we are still waiting for the launch of orion spacecraft. 9:44 eastern is when they would scrub it if they have to. we'll bring you that launch if in fact it happens. taking a look at the premarket. greenline do for you? y just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you wa

what you don't see is a decision being made we're not going to enforce the s.e.c. laws in the united states. that would be rewriting the law which is a president or the executive can't do. >> i agree with that and i would add to it that our constitution does confer discretion on the executive to exercise discretion on individual cases. when you do what the president has done here, you cross the line from permissive action under the executive's rights under article 2 entrenches on this congress's authority to saw what the law is. >> thank you. my time is up. >> chair recognizes the gentleman from michigan for his questions. >> thank you. attorney hanicappe, you've talked about prosecutorial discretion and whether it can really encompass a program that allows people to come forward and affirmatively apply for protection. do you consider this a form of prosecutorial discretion, ma'am? >> yes, congressman. basically prosecutorial discretion in the immigration context, there are over 20 different types of discretion. here what the administration has done has simply ident

what you don't see is a decision being made we're not going to enforce the s.e.c. laws in the united states. that would be rewriting the law which is a president or the executive can't do. >> i agree with that and i would add to it that our constitution does confer discretion on the executive to exercise discretion on individual cases. when you do what the president has done here, you cross the line from permissive action under the executive's rights under article 2 entrenches on this congress's authority to saw what the law is. >> thank you. my time is up. >> chair recognizes the gentleman from michigan for his questions. >> thank you. attorney hanicappe, you've talked about prosecutorial discretion and whether it can really encompass a program that allows people to come forward and affirmatively apply for protection. do you consider this a form of prosecutorial discretion, ma'am? >> yes, congressman. basically prosecutorial discretion in the immigration context, there are over 20 different types of discretion. here what the administration has done has simply ident

the stock moved lower at the end of regular trading on a bloomberg report that the s.e.c. eking to possibly suspend the s&p bond ratings unit from rating commercial mortgage-backed securities. again, they did receive the company s&p financial a wells notice earlier this summer regarding possible ratings and disclosures made about different cmbs deals in 2011 but still again a bloomberg report saying that s&p may, again, the government may look to suspend s&p from rating commercial mortgage-ratings backed securities and the shares down as much as 4% in regular trading and 2% to close the day out. back over to you. >> a space to watch. thank you. >>> the age-old question, which gives you better returns, stocks or owning a home? some of the best brains in the money business are taking that issue on. we'll find out if they agree with "shark tank's" kevin o'leary saying homes are terrible investments. he is here next. >>> plus, high-end car sales are booming. priced under $50,000 seen modest gains, though s. that more proof of the growing wealth gap? stick around. >>> there are

numerous troubling riders that affected the affordable care act, traveled to cuba, and the ability of the s.e.c. to police our markets. unfortunately several problems remain in the bill. the bill would essentially repeal an important provision of dodd-frank to prevent banks from engaging in risky swaps activities backed by their depositors and ultimately by the federal government. the protections of dodd-frank were put in place to prevent a return to the risky transactions that led to the 2008 meltdown. we should not backtrack on those important reforms. i'm also very concerned about the cuts made to the i.r.s. which will force the agency to operate at levels below that of sequestration. this would cause a serious strain on the agency. there are several riders attached to the district of columbia section of the bill. something that happens every year. republicans have again limited the district's ability to use their own dollars to provide abortion services. this bill also seeks to stop the district from implementing a recent ballot initiative that legalizes the recreational use of marijuana. t

and three, revisiting oil accounting practices so that the s.e.c. s fully informed about oils that are on tap to bolster u.s. markets. america is one of the first in line to win the unconventional oil lottery. but despite newfound energy resources at home, the u.s. exists in an increasing lly interdependent world. as such, if we minimize consequences, america will be better positioned to charter a path others can follow. two questions require attention. first, to policymakers and the public have sufficient information about america's oil? unfortunately, they do not. ironically, there is more detailed open-source data about opec crudes than the oils in the balkan, permian, and eagleford. in seeking to obtain and verify these needed oil data, we have encountered several obstacles from data inconsistencies to withheld data to government limitations on expanding oil reporting. i'd be happy to elaborate on any of these issues. the overarching concern, however, is oil markets can not function efficiently without transparent, high-quality information. quest

numerous troubling riders that affected the affordable care act, traveled to cuba, and the ability of the s.e.c. to police our markets. unfortunately several problems remain in the bill. the bill would essentially repeal an important provision of dodd-frank to prevent banks from engaging in risky swaps activities backed by their depositors and ultimately by the federal government. the protections of dodd-frank were put in place to prevent a return to the risky transactions that led to the 2008 meltdown. we should not backtrack on those important reforms. i'm also very concerned about the cuts made to the i.r.s. which will force the agency to operate at levels below that of sequestration. this would cause a serious strain on the agency. there are several riders attached to the district of columbia section of the bill. something that happens every year. republicans have again limited the district's ability to use their own dollars to provide abortion services. this bill also seeks to stop the district from implementing a recent ballot initiative that legalizes the recreational use of marijuana. t