now, why is cavanaugh a good choice? he's been with jpmorgan a long time. he was the cfo.d, young -- i believe he's in his 40s. liz: but he's also now maybe seasoned in a different way having gone to the carlyle group. >> and who knows what happens over there. [laughter] he's the co-president, so he's going to get a little more management experience at a big private equity firm. and, you know, he's at least as good or how can i put this, as seasoned as anybody at jpmorgan. and he's liked. it's interesting, one guy i talked to about cavanaugh, he said one of the negatives on him is he's kind of a nice guy. and i said, well, why is that a negative? liz: only on wall street. [laughter] >> he said, well, you know, you've got to be kind of a tough -- i would use if we weren't on tv another word that begins with a p -- to go out there and get deals, to be tough on your staff and to be hard driving. so that's where we are right now. cavanaugh, apparently, is still on the short list of potential successors but as you know, nothing's going to happen for another five years. now i wa

. >>> joining me is terrorism analyst and fbi profiler clint van zandt and jim cavanaugh, retired atfpecial agent in charge. clint, we have surprising enemies out there. suspects at least in this case, but there they are, coming from the soviet union and all over the soviet union, nobody thought of them as particularly involved in what looked to be a mid-east conflict in an islamic state. >> we have the boston marathoners, when you look at their background. it's ripe breeding ground taking place. there are 90,000 tweets a day concerning isis, individuals talking back and forth. whatever latitude we give the nsa, how do you monitor 90,000 tweets between people talking about isis? you know, if we say 80% of them have nothing to do with active terrorism, that's still a lot of people talking back and forth on the internet and these three guys so brazen, even though jim cavanaugh and i would go up to the door and talk to them, they are so brazen or stupid or confident that they continued with their actions and we've seen in new york and other places what a lone wolf with an ax or rifle can

joining me now is former atf special agent jim cavanaugh. and back with me defense attorney brian weiss. jim cavanaugh, it doesn't seem as though the police have indicated in that gun fight that turned fatal who fired the first shot. and does -- will that matter in the investigation? >> i don't think so lawrence. certainly defense attorneys will race that issue and try to make him a self-defense candidate, but the shooting happened at ms. myers' home after this road rage incident. and if you look at the facts and listen to the police commanders they clearly believe she was the victim. she left the home, dropped the daughter off, picked the son up and left to go to try to find the car. but only for five minutes. so it's quite possible that she thought that eric was involved because she knew him and he didn't have a vehicle. so she might have said let's drive around and see if that car is around the block at eric's house. they were only gone five minutes when they drive by possibly eric and another sees them follow them home and the shooting h

reporter: dozens of gunshots marked what would beginning of man's deadly assault on the city, first at cavanaugh and then at a synagogue. >> we are devastated. our thought goes to the whole of the jewish community today. they belong in denmark. >> reporter: the two attacks launched a massive manhunt for this suspect caught on surveillance cameras hours before the second attack carrying a machine gun. police caught him over night, killing him now. they confirm he was 22 years old, had a violent criminal record and a history with gangses. his rampage started saturday afternoon when gunshots shattered glass during a free speech debate organized by controversial cartoonist lars vilks. you can here the gunshots approaching. i could hear the shouts. >> reporter: vilks survived but one man died and three others hurt. by nightfall, panic and evacuations as shots rang out again, this time outside a copenhagen synagogue. a 37-year-old jewish man gunned down working security for a bat mitzvah. the gunman ran away but later authorities exchanged fire with him. >> woke up at the shooting and looked out the w

people were lined up at cavanaugh liquors for their chance of winning. the jackpot rose to 394 more by the time the numbers were drawn. here they are. check your ticket numbers, the numbers are 5, 10, 21, 34, and 58. the power ball is 33. good luck. >>> the stage is set for music's biggest night. the 57th annual grammy awards air tomorrow night on channel 5. >> grammy nominees are stirring up trouble at clyde davis' pregrammy party. azalea says she would be honored to win any of her four nominations. >> a grammy is a grammy baby. >> reporter: singer wrong writer brandy clark is taking the stage with dwight yokum. >> i'm definitely the underdog in may category. that is okay. i would rather be the underdog and surprise a few people than be expected and not. >> reporter: clark's competition includes superstar miranda lambert. the world will be watching the grammy stage sunday night and a stellar performance can make a career. last yearlings sam smith was seated in the way back just watching the show. now he is tied for the most nominations. >> it is an unhu

. >> cavanaugh built the web site for water company, earth inspired products or eip. >> what was originally a tiny start-up oermgs making nothing was eventually a successful online business. >> so successful, online orders began pouring in. >> i was his customer sales rep. >> gina watson worked for water fall manufacturer in florida. >> anytime he needed a real fancy custom job done or, you know, quote request for one, we'd work together on it, so i got to know him throughout the years. >> tell me what you thought of him. what was he like. >> well, personally, very nice guy. generous, not easy to anger and professionally, very good with customers. knew his stuff. >> joseph also knew how to spot talent and he believed he'd found it in welder chase merritt. >> joseph owned his own business. and i owned mine. i manufactured custom indoor water falls and he bought the wat water falls from me. >> i understand you'll have a designated switch. >> we anticipate a million and a half in sales for 2010. >> while they met through business, the two quickly became close friends. >> we talked constantly.

crowds lined up in cavanaugh liquor trying to get their hands on a ticket.his is the fifth largest prize in u.s. history. the odds of winning really very good. 175 million to 1. i know. it's depressing. pull out the tickets. here are the winning numbers. 11 13 25 39 54 and the power ball is 19. at least we won the weather lottery for the next week. we are back to see what spring looks like. abc 7 is here because i haven't heard screaming and squealing. we have not won the office pool. >> nothing that you want to hear. a friend is saying their kitty ate their ticket. could have been the winner. a dynamite of a day and feels like spring. well into the 60s across the area. normal highs upper 50s to lower 60s. enjoying the warmth and more on the way. we are calling it a fling with spring. the west coast will warm over the next couple of days and seth up for record warmth around here. ahead to the holiday weekend, it is looking nice. a beautiful view and the forecast calls for the warmth through the weekend with record highs possible. this is beach weather. you m

joining me on the phone to talk about this is law enforcement analyst jim cavanaugh, former hostage negotiator't have to see the video to understand the brutality. the pilot was in a cage. he was brned alive in the isis video. it was a well orchestrated video highly produced. what was isis trying to get out of this? >> well i think that that's a great point, betty, because i think we have to look at isis not only as terrorists but we have to look at them as criminals. in law enforcement we always looked at them both ways as terrorists and criminals to see when's inside their mind. you know i watched a lot of the video. it is horrific and barbaric and you're trying to always get a -- you know a slice of who they are. i mean they're so sociopathic killers now that killing is not even a chore to them. inside their organization they would get no credibility or graf gravitas for just killing because they kill all the time for little reason. that's the slaughter, you know syrian soldiers or you know foreigners who come to fight with them. they slaughter them all the time betty. but what also strikes

you might be familiar with cavanaugh liquors in san lorenzo.hey have sold five winning tickets over the years. we expect to see quite a long line. the odds are only one in 175 million. >> don't crush our dreams. >> reporter: us in the newsroom have put together a little pot here. 60, $70 here. if you guys want, i can save us some money. we can probably get about 20 bags of these. have a little party. it's going to be the same thing. corn nuts. >> the trouble is he'll eat half the corn nuts before he makes it back to the newsroom. i know bob redell well. >> we promised, we have this group thing going on at the station, that if somehow we defy the odds of one and 175 million, we'll all be back to work the next day, right? >> and i'll buy you all the corn nuts you could ever want. >> and i promise to fulfill the order of buying these tickets. >> something in your eye there, buddy. go buy them right now. and we'll be back tomorrow morning, just in case. >> 6:00, the machines don't start until 6:00. give me 45 minutes. >> thanks, bob. >> all right,

. >>> and msnbc retired special agent jim cavanaugh joins me. we became familiar with this during the bush administration where there are reports that there are supposed individuals plotting against the united states and the isis is trying to get them to come there to their caliphate and when they stay home they are more dangerous. and how do you determine who want to do something ugly but isn't organized or funded or equipped to do anything really? >> well what you do joy, is what the special agents and the nypd did in this case for 18 months, they talked to them and listened to them and monitoring their websites and got their criminal intent and disposition and outlined the conspiracy. i looked over the complaint and it is detailed in what they were planning to do. and conspiracies are a powerful federal statute and we use it in bombing conspiracies like this case. and in a conspiracy the group gets together to plan something. that is talk. it takes overt acts. you have to do something in furtherance of the conspiracy to make the conspiracy co

i want to go right now the jim cavanaugh. former atf special agent.ned from the paris shoots that investigators can use right now in denmark. >> we've learned they have got to leverage the technology and information the citizens can provide. and they have got to do this thing to try to locate this one againm gunman or two. you had a great discussion mikey kay. and returning fighters have syria. clinton and you also talked about how the guy might have escaped. you see what happens with the terrorist and we can -- this would be a major league category for the commanders that this obviously would look at heart to be a terrorist radical al qaeda virus style crime or crimes because of the targeting. the person who had denigrated the prophet before had been a target. this is the cartoonist and in their minds he's been a target. and of course the jewish targeted the synagogue. and what happens often is terrorists are criminals as well. they think like criminals and act like criminals. and criminals often see opportunity. so when this is an announced. for exa

recently is through the process but the dodd/frank legislation in itself is 48 pages long but the page cavanaugh of the regulations required has mushroomed to more than 50,000 pages so far in the over 50 million self-regulatory text to say the fact they are new end day implementation process with that response to look at their regulations. >> we will be taken extensive public comments. sort to reduce the burden on community banks so to look for ways we can reduce the burden of regulation some twofold intent to expand your review. >> the federal reserve has a provision responsibilities of monetary policy then it is that supervises the operation for the federal reserve the has a great deal of authority and several of us with the regulatory oversight that has been criticized but even recently >> in the aftermath of the hearings held here with the allegations raised about the new york fed is a an internal review that is in a process. put the question we think is important to raise their, let me step back rehab process for supervising the largest banks that is led by the board. the reserve banks that

joining us now, our "closing bell" exchange karen cavanaugh, mark spellman from alpine funds, eric ristman from russell investments, ron wiener from rdm financial group and our very own rick santelli. okay. let's kick off then with -- let's go to karen first. karen, what is this for? is this all about greece do you really think? >> no. i think we worry a lot about greece and it's a throwback to 2011 where we were worried about contagion, but right now greece is a small part of the eurozone economy. it's not really about greece. there are a lot of other worries investors are worried about. we're in the middle of a sustainable economic expansion. it's driven by accommodative federal policy central banks around the world are accommodative. liquidity isn't drying up anytime soon. earnings are coming in better than ever. corporate earnings we have about three-quarters of them reporting so far. we have growth of over 4%. and it's just normal volatility. that's part of getting back to normal. markets are volatile. >> i find it interesting, ron, given that backdrop that was just laid out and korch

. >> i'm not sure any of the people there, bill winters, cavanaugh, frank or charlie sharp who is now at visa were really he irs apparent. i think it's a sign that he is a good leader. i think it's also a sign that he is running a giant company and hiring the best people. like, if you look at infantry the business units at jp morgan right now, anyone who is running one of the major businesses there is essentially running the equivalent of a fortune 100 company anyway. the investment banks is the biggest of the country. their retail cars and branches are the biggest in the country. gordon smith or daniel pinto, they are effectively ceos, the biggest of their kind anyway. it's the curse of size and success. you want to hire the best but these people end up getting noticed by people outside the company. who is not going to try and pick them up? >> suzy to duff's point, some companies have historically been known for, a, hiring the best and the brightest and for being ink baiters of future ceoss. jack's general electric has been one of them. many executives have left there to go and run c

scott cavanaugh of first national. we've got eric stein of eaton vance. christine short from he is estimize. we've steve liesman and rick santelli in chicago. steve liesman, 257,000 jobs created. the unemployment rate dipped -- goes up to 5.7%. regale us here. >> there's a lot to regale you with, bill, because i think the big story is not so much the 257,000, it's the prior revisions adding 147,000 jobs to december and november which were all part of a broader annual benchmark revision that really upped the trajectory of job growth to now an additional 15,000 per month. i don't have a chart but it looks like job trajectory is going straight up in terms of monthly growth and so what has happened, bill is that our sense of the underlying strength of the job market took a major step forward, and there's another detail in there which is that the household survey showed 700,000 people coming back into the workforce which is why the unemployment rate rose. if there's a good reason for the unemployment rate to rise it's that. it's that a strong job market is att