>> i don't think another aig will happen. >> we are not going to see another aig crisis. >> no.think we have been in this position for over two years. i don't think you will see a bank failure that we've seen. i don't think you will see a security industries failure like bear or lehman. >> you give a thumbs up to the regulators. >> i give a thumbs up to the regulators forgetting the job done, but i give them a thumbs down for being afraid to tell the public. i've criticized many people in washington at all levels. why don't you talk about how much progress you have made since 2008? their answer is, we are not sure something cannot go wrong. i say, shame on you. ecause you should be sure. i am sure. >> when we come back, bob benmosche's villa splendid lives up to its name. >> there are not many views like this in the world. >> and he gets personal about his fight with cancer. >> with this illness, i have nine months to a year to live. >> how are you, bob? >> hi, betty. >> great to meet you. thank you so much for having me here. show me around your beautiful villa. in 2001, when b

he is saying the government took over aig because it wanted to use aig as the vehicle to bail out thest of the system and in that case aig shareholders suffered more than everybody else. liz claman broke the story, greenberg was flying down to d.c. on tuesday. on monday night because he was going to be called as a government witness, that was your story. liz: the justice department sent to us. >> we knew as you first reported he was being told by the justice department that he was likely to be called to testify wednesday or thursday. liz: and it became friday. liz: the minute we reported that, 38 minutes after we reported that they took greenberg off the witness list. why is this? sources are telling us the government began to rethink its strategy, cross examination strategy on the greenberg because what would greenberg have told them? he would have emphatically told the government, this would have made his case, he could have got money from china or elsewhere to basically get money to aig. they did not have to be wiped out, they did not have to go into bankruptcy court, the head illi

the government did not bail out the aig shareholders. government through aig bailed out the other large banks because the government's real goal was to prevent a banking panic. they did achieve that, although it was expensive, under the boies/greenberg complaint, that would have been even more expensive. liz: wonderful to have both of you, professor john coffee of columbia and doug burns, former federal prosecutor. and by the way, we hear perhaps the government will rest itself case on friday. closing bell ringing in 45 minutes. solar city dominating -- have you thought about putting solar panels on your house and just lease it, no upended because of worries about a national security risk. we're going to tell you exactly what's at stake. stay tuned. ♪ ♪ she's still the one for you. and cialis for daily use helps you be ready anytime the moment is right. cialis is also the only daily ed tablet approved to treat symptoms of bph, like needing to go frequently. tell your doctor about all your medical conditions and medicines, and ask if your

how about steve miller at aig?ding of the fact that is on america's income statements we will talk to him. all that is coming up. how about our twitter question for the day? tiffany says their decorations up. >> is that a big box retail? >> i don't think so. >> that's a different stratum. >> there are bells ringing. they are testing the balloons on the macy's day parade. let's get to most of wall street racing for what will likely be a disappointing bonus season. year-end payouts could fall as ers and 10% for tradin hedge funds. investment bankers and employees at some private equity firms should see bonuses rise 10-15%. john paulson is posting a 40% loss in his has fund in october adding to declines this year. drop let the advantage fund down 20% in 2014 and his $20 billion farm out some of the biggest inclines this year. launching a is digital platform. it has digital versions of all of his albums including his latest. the singer has long refused to let downloads on his music. >> you are a cam follower for years

aig was bailed out by the government. however the government took equity in aig and imposed a very heavy interest rate of 12% on them and then, bailed out goldman saks and morgan stanley stanley and other banks at a much better rate. >> i think it may mean hank greenberg may actually win this. this may set precedent in the future. that is most important. however the judge rules on this will be in the record books because right now there are no opinions. there is no background. there is nothing to go by. whatever the judge says could set precedent for future. liz: aig of course was the company that insured a lot of toxic debt. let's just remind people of that. problem, how do you feel about this? again the law is the law. the law states that the government can not seize equity in any company. it cangy a deal. it can give a bailout but at fair terms. >> right. well, i say let's put greenberg on the stand and let's find out. when we go back to 2009 and we look just how close we came to a catastrophic situation what most peop

of aig and lost a lot of money in the bailout is to testify. and i also want to mention too that there are some questions about some people say he was lucky that his company got bailed out. others are saying, no, there was a real problem with the actual structure of the bailout that it was unfair and could be likened to a seizure of a publicly traded company under onerous conditions. we are watching it closely. fox business can report that hank greenberg will be called to the witness stand either thursday or friday in his and stars case against the government. president obama weighing in on who just and how to -- to try to work on some major trade issues. earlier today the president called for the federal communications commission. and this is significant. the president called on the fcc to implement strong rules to protect the so-called net neutrality rule. this is this notion that all international traffic should be treated equally. no bigger intet could pay up for faster speeds. for more on what this means we'll bring in rich edson. this is

and the government rests its case in the ep he can aig financial crisis battle. this is insurance giant hank greenberg, the man at the center waits as his side launches the final rebuttal in the 40 billion lawsuit he filed. charlie gasparino in what's next in this historic case. let's start the "countdown." good afternoon, everybody. the dow just turned negative. it's been positive much of the session. we're watching that. we need to tell you that less than 100 hours until black friday and the stand off at the west coast ports where dockworkers unload a lot of stuff you want to buy for the holidays remains unresolved. the slow down is causing everything from electronics to christmas trees stuck on trucks waiting to arrive in the united states. this is a story that fox business has been trying to flag you guys on from the beginning because it's extremely important for retailers whose stocks you might own. here with me now, fox business reporter dan springer. dan, neither side in this labor dispute is budging, but could the slow down lead to a full stoppage or full

liz: hank greenberg will take the stand this week against aig. it is fox businesses exclusive with the timing and that much more with our panel straight ahead. ♪ (receptionist) gunderman group. gunderman group is growing. getting in a groove. growth is gratifying. goal is to grow. gotta get greater growth. i just talked to ups. they got expert advise, special discounts, new technologies. like smart pick ups. they'll only show up when you print a label and it's automatic. we save time and money. time? money? time and money. awesome. awesome! awesome! awesome! awesome! (all) awesome! i love logistics. how couin jellyfish, protein impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefull

aig more positive, erin. >> yeah.t out of aig a couple years ago and i think they have really started to finally turn around. and with this beat, i would take a good look at them. >> aig once again. >> yeah. >> ben? this goes back to the midterm elections i think not earnings specifically but a backdrop of fundamentals, are they good or not. sprint's cutting jobs. does the average person understand or believe conditions are improving for them? >> they don't. i was covering midterms in north carolina and virginia recently and talking about the fact they don't feel comfortable with the job prospectives, wages not going up and gets to the backdrop of the election and top line numbers look pretty good. unemployment numbers look pretty good and the other data and doesn't feel very good for voters and republicans will win a lot of close senate races and why the obama administration will take another big loss in the midterms despite what looks pretty good and aig i have to stop and wonder at the fact of doing as well as they

the best as i can tell, it is aig -- it partially used aig as a conduit to stabilize the global banking system, because a lot of money went through that so they sent aig and them to do that. there is a major lawsuit, as you know, going on by hank greenberg, who was a great aigiot and who was head of until shortly before all of this, who thinks that the government violated the constitution and basically misappropriated $40 billion, and he is suing for that. he is going against two other countries with similar actions and i think he might have a chance here. -- the humaninutes is that we have left, let's go to you and your legacy here. minutes that we have left, let's go to you and your legacy here. is to sign to the education committee. there was a vacancy there. i am happy for that because obviously affects everyone and it is important. because just a few years we had gone to the volunteer army and had trouble recruiting people, and i felt, would not it be a good idea if we had student loan forgiveness in exchange for people serving in the armed forces or the reserves? the discretionat

sprint, aig, and urban life reported financial results. sprint will cut 2000 jobs because it is losing more customers than projected. callers have hung up on sprint in each of the past 10 quarters. aig's profit climb to 1% of $2 billion, eating estimates. it is the first earnings report under the executive. and herbalife on life support after reporting a profit that missed estimates. earnings will be lower this year than first

government saying taxpayer dollars didn't have to be used to bail out aig, will he stand a chance? pulled from the witness list? a story fox business broke last week. we'll be talking about that. now, here's a question for you and your viewers, melissa. if you were to side with a billionaire on investing in solar, would you side with warren buffett or elon musk? we also have solar city's ceo, elon musk is the chairman, and we've got the ceo of the company that has become number one for solar. go on facebook.com/lizclaman about whether you'd go with buffett or elon. back to you. melissa: hmm, liz, thank you so much. steven spielberg finding trouble, why the legendary phonemaker should phone home or at least his accountant. >>> plus, it's enough to make you grab your pocket protector in horror. google glass may end up in the nerd hall of shame right next to the segway. you can never have too much "money." ♪ ♪ how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we unders

and they are watching earnings from aig, herbalife and others.elly o'donnell has this report. >> reporter: making a final sprint, today president to unbarely aboarded her connecticut party and campaigned for connecticut's governor. >> i can't vote in california but i'll tell you who i vote for. >> reporter: trying to save senate. today hillary clinton returned to new hampshire to help democrat jean that hoo-- >> and democratic senator joni ernst is said to be out in the lead. and pat roberts, the one republican senator most on says is hard to get in touch with. >> orman can even switch sides. four to five months as hon by and we are in the same old partisan politics. i'll be able to change our allegiances and work with the other side. >> today his mom mark ed this a he looked for new ideas. >> reporter: but in conservative kansas, roberts vulnerability as a long-term incumbent could cause the republicans a big side. and some of that story could have landed you. >> taking these stories, i take it to her and know i have been fighting this. >>> he m

we know that the window was narrowing on the timing of the former aig appearance. plus, what the government's tactics might be, it's a fox business exclusive that has the financial world riveted. we took the lead reporting that first ebola case in new york city. dr. craig spencer, he's the doctor that returned from west africa and tested positive for ebola, he's been declared virus-free. he left the new york city hospital today. we've got more details. and valentine's day is huge business in the u.s., but china's anti-romance day is much bigger. single's day celebrates bachelorhood in china. it's the invention of a single company, alibaba. we'll tell you how much singles spent and popular stocks aside from alibaba. it's the last hour of trading. we're going to make you money. let's start the countdown. ♪ good afternoon, everybody. we begin with an american icon revealing its new model figure. americans, of course, are obsessed with weight loss and it seems that ford motor company is no different. today, it has revealed a slimmer model of its hottest one, shifts 700

there is a major lawsuit as you know going on by hank greenberg ho was head of aig until shortly before all of this. they misappropriated $40 billion that he is suing for. he is one against two other countries in a similar actions. he might have a chance here. >> let me go from the big issues you and your legacy here. when you look back across your career, what you proudest of having been involved with? >> one is a small one. i was assigned to the education committee. there was a vacancy there. i was happy for that. that is something that affects everyone and it's important. i put in a bill because we had just few years before going to the volunteer army we had trouble recruiting people. i thought what if we gave the student loan forgiveness in exchange for people being in the armed forces or the reserves. if they needed someone, they could offer that as an incentive. i introduced in the subcommittee and everybody in voted against it. they did not say it was a bad idea. they said where an education committee in this has to do with armed services. t's the national congress. we are suppos

grenberg claims he and aig people were forced to take unfavorable bailouts during the financial crisisearn about a key development that could change the outcome. whether speed should have its privileges. today, president obama weighing on the hotly debated topic and it's causing from cable providers

lehman didn't get it, aig did. what does solvent mean? the testimony is gobbly gook.int tim geithner calls it a fog, a diagnostic fog. then the fed has no constraints on it. that is a bug issue now. >> david boyce arguing that the possibility you get a surprise win on a $25 billion case against the government. is it actually on the cards? >> it's a big number. the legal standard for that is high. i don't think there is any doubt he established how capricious the fed was. >> i remember they didn't know what was happening at aig. it came to them late. they were trying to figure it out on the fly and they were clueless. >> they didn't know if it was solvent or not. yet they gave them the emergency loan. that's fine. we got through the crisis. they have consistently tried to say we acted on principle. that is clearly not holding water. i think this trial has done a lot to eliminate those chaotic days. >> good to see you. thank you very much, jim stewart from "the new york times." >>> when we come back, the ceo of hain celestial will join us live for an exclusive interview

they wouldn't take his calls and his solutions on how to save aig at the time of the financial crisis. but the call logs showed they took goldman sachs calls. its the fed, treasury, could be a lot of weaving in here. >> yeah, the and big thing (?) is that when you hear this kind of criticism against these kinds of institutions, from democrats and republicans, particularly tea party republicans, it could mean that there could be legislation that brings the hammer down on the regulators as well as the institutions. liz: yeah. i thought the president had specific regulations when it came to the new york fed too because of this. but we'll watch this story develop. peter, thank you very much. peter barnes in washington, dc. we're 50 minutes away from the closing bell. record territory once again. some deliver and railroad stocks hitting all-time highs today like federal express, union pacific, csx, and land star in part because of an assist from china when it announced 40 based rate interest cut. ours are at barely zero. charles payne has some actionable intelligence you can't miss. want t

among those new directors, is the current nonexecutive chairman of aig, steve miller.? >> yes ca, i can. >> how did this come together? judging from last week, the two sides were far apart. how did they come together? ultimately, both sides concluded it would be far better to come to a consensual settlement, rather than carrying on a proxy battle. which is both expensive, and distracting to the company. therefore, the two sides were able to come to an agreement that includes four new directors. >> does it include anything else? >> that's the principle thing. there is a standstill, and other things that go along with it. the main thing that third point wanted was to have fresh blood come on the board with new ideas for how to improve the return on assets of this very fine company. i'm looking forward to that challenge. >> what will be your first order of business? >> the first order of business will be to become familiar with the assets of the company. it is a very complex company, all over the globe. it is not public information, as to exactly how they make their money

. >> did i say aig? a significant market to us. we were founded here in shanghai in 1919. we have a 100 year history and china. and coming to china to the summit is a very significant event. in terms of our business year, our business era strong. -- here is strong. you saw the half-year figures indicating continued strength in our chinese business at the half-year, we had 50% growth. over the same. last year. bash over the same it. bang at last year. same.na, -- over the bang last year. gapprotection gap here, the between what people should have a do have, is close to $20 trillion. the emerging middle class, all of these point to the greatest place and the greatest opportunity for us to do business. >> with the slowing pace of growth can you keep up the growth and new business that you saw in china in the first half of 58%. what kind of growth are you expecting for the full-year? on a look at things long-term basis, and the fact is that i mentioned demographics and the emerging middle class, all of these

you have a play on aig. what are we seeing? aig reports earnings after the close.tivity of the last five days or so. it is heavily biased to the call side. the market is implying a 2% move. it is a big hedge fund name. this could be people with good intelligence to have followed this closely. implied volatility relatively low. and they want to position long directionally, out to january with stocks around $53. they are bidding up to $60 strike call. some players see a fairly significant upside in aig ever the short term. >> up from 4% this year. we also have alibaba reporting as well. is going to be the first time in six weeks since they've gone public. we will get a snapshot of what is going on behind china's largest e-commerce company. are you expecting a strong result? high on the street price target of $125. a lot of moving parts. we want to be a little cautious on earnings. if you look at six of the ipgest internet related years including facebook and twitter, on their first earnings as a public company they traded down 13.8% on average. the worst was twitter,

we're aig. and we're here... to help communities recover and rebuild...ds, their schools, their buildings, their offices. we're a leading global insurance company based right here in america. for everything from loss prevention to cybersecurity. we're here to stand behind our commitments that we've made to our clients, our customers. we're aig. we're here to help take on the risk... for people, for companies, and the world. to help you realize a better tomorrow. feet...tiptoeing. better things than the pain, stiffness, and joint damage of moderate to severe rheumatoid arthritis. before you and your rheumatologist decide on a biologic, ask if xeljanz is right for you. xeljanz (tofacitinib) is a small pill, not an injection or infusion, for adults with moderate to severe ra for whom methotrexate did not work well. xeljanz can relieve ra symptoms, and help stop further joint damage. xeljanz can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections and cancers have happened in patients taking xeljanz. don't start

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arguments at the moment but aig was based in london and the london way of taking over.hink it's partly because the regulations and if you just tear up the rules there's more capital. >> why is there more political pressure on the banks? >> i think they are scared of the banks. >> a member of their out and said they owned the -- [inaudible] but here is putting it too strongly. it's more complicated than that but there is such a thing as they buy centered strategy and it's easy to prevent things from happening. >> it's not not true. >> at the same in england. it's hard to see the connections. >> money hasn't taken on politics in quite the same way but there's also the 800-pound gorilla problem because our banks are so huge. i think they are five times the size of the gdp and i find it very easy when they don't own the politicians which they sometimes do, they find it very easy to bully and blackmail them. certainly any time anyone talks about anything like creditor changing the rules they have essentially put this puppy on their lap called the u.k. economy and they have t

aig is declaring a quarterly dividend program in aig and germany is up by 0.6%. >>> her ba life's third quarter profits plunged as they wrote down the value of its venezuela assets. shares fell 13% in after hours trade. in germany, they're losing another 12.73%. >>> now, we've been talking about dunkin donuts, new specialty menu that includes a snicker doodle and a sugar cookie latte. we want to know from you, what holiday food would you like to see made into a hot drink? how about a nice hot caramelized buttered rum? that sounds very appealing, even though it's very early in the morning. and john tweeted in saying anything cranberry with a brussel sprout garnish. i'm not sure i agree with that one, john. if you want to join the conversation, get in touch with us, "worldwide exchange"@cnbc.com or@krnsor @c. >> i don't usually count calories. but the sugar latte contains 450. if anything, i would go with the snicker doodle. >> i don't care about calories. >> you don't have to worry. >> why not. >> anyway, voters across the u.s. in washington, d.c. for a preview after the break. >>> no do

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as apartly used aig conduit for sending money to save lives. it couldn't look good politically to send money to deutsche bank or something, so and then it to aig deutsche bank. there is a middle -- major lawsuits going on by a great patriot, who is head of aig until shortly before all this governmentthe misappropriated $40 billion, and he has one against two other countries with similar actions, and i think he might have a chance here. let me juste -- >> go to the big issues. when you look back across your career, what are the pieces of legislation you are proud of having been involved in? >> there are a couple of them. one is a small one. i sighed to the education committee. vacancy, and i was happy about that because education affects everyone and is important. we hadn a bill because just gone to the voluntary army and had trouble recruiting people, and i thought, wouldn't it be a good idea if we gave student loan forgiveness in exchange for people serving in the armed forces or the reserves ? someone, they could offer that as an inducement.

if aig changes she'll be the first to let you know. >> okay. 50s.n we'll be going i wish the 50s would come back. >> we'll miss the 50s. from hash tag brrr to maybe hash tag dunk. the young athletic sixers -- >> absolutely. they are trying to get their first win of the season. orlando in town. we'll talk about it plus hear from the new starting quarterback mr. mark sanchez, number three is ready to go. we'll talk about it coming up in sports. >> i'd like to think i've grown and i know i have just watching film. things come faster comes easier. you know, you hear a lot of people say the game slows down. i think you just tend to speed up. you tend to relax a little bit, and i really enjoy playing in the system. >> all right. let's go to the sixers they host orlando tonight. at the well both teams looking for their first win of the season. close score throughout most of the game in this one. here we go. sixers defense was playing really tight. but i guess we don't have that video any way nerlins noel had to leave the game because he had an ankle injury

. >>> aig reported a rise in profits. that's where we begin tonight's market focus. the insurance giant's results were helped by strength in its life insurance business. the company will also up its share repurchase program by $1.5 billion. after hours shares were initially higher during the regular trading day the stock was slightly higher closing at $53.80. the opposite story for sprint. it lost more money than analysts expected and revenue missed estimates. the company also announced that it will slash 2,000 jobs as part of an effort to cut spending. that sent shares lower right after the report. before the close shares popped 4 1/2% to $6.20. >>> herbalife followed suit with disappointing after the hours results. they posted sales and earnings that came in below expectations. it offered a sales outlook that was well below wall street forecasts. shares were sharply lower initially after hours. during the regular session shares rose 6 1/2% to 65.90. >>> the maker of arm & hammer baking soda and other products said new product introductions helped boost results but

. >> chris is aig okay, okay all these totals are higher than average inform physical the average isnly 22-inches of course but at least it is less than last year. last year over 67-inches of sn snow. >> it's all relative. >> the sheer volume and number of storms we had last year was i think what got a lot of people down. >> i'm okay with this. >> this year when it snows, it's going to snow a lot. i expect less events but real barnburner snowfall. >> okay. >> we're going to be looking for snow am this winter so you can sign up now to be an "eyewitness weather" watcher. go to cbs-3.com/watchers and of course we'll be right back with beasley and sports right after >> after monday night's win over carolina, the eagles have a short week to prepare for road trip to lambeau field. mark sanchez will get his second start behind center coming into the game with a 97.7 passer rating in the seven quarters he's played he has thrown over 500 yards and four touchdowns. in order to pick apart the packers defense they'll have to adapt. >> we have a piercing running game and those guys can hit it and

. >> chris is aig okay, okay all these totals are higher than average inform physical the average is22-inches of course but at least it is less than last year. last year over 67-inches of sn snow. >> it's all relative. >> the sheer volume and number of storms we had last year was i think what got a lot of people down. >> i'm okay with this. >> this year when it snows, it's going to snow a lot. i expect less events but real barnburner snowfall. >> okay. >> we're going to be looking for snow am this winter so you can sign up now to be an "eyewitness weather" watcher. go to cbs-3.com/watchers and of course we'll be right back with beasley and spo ( siren wails ) ( pop music playing ) ♪ when you're ready ♪ ready, ready, ready ♪ come and get it ♪ get it, get it ♪ when you're ready, come and get it ♪ ♪ na na na na ♪ na na na na na na na ♪ ♪ when you're ready, come and get it ♪ ♪ na na na na... female announcer: it's a great big world and it can all be yours. here and only here. ♪ come and get it. >> after monday night's win over carolina, the eagles have a short week to prepare for road tr

down to earnings right now from aig and herbalife. me is outspoken investor marc faber.ok at the market,

going on at the mall, aig unit was based in london. the. >> why has more political pressure been brought on the banks of? >> i think they are scared of the banks. >> a member of the audience just said they -- here, it's putting it too strongly, it's more competent than that but there is such a thing as a by center strategy. it's easy to prevent things from happening. >> it's not not true. >> the same in england. it's hard to see the connection. >> money hasn't taken over politics in quite the same way, but there's also the 800-pound gorilla problem because our banks are so huge. i think there are five times the size of gdp and did you find it very easy when they don't own the politicians, which sometimes they do, they find it very easy to bully and blackmail them. anytime in talks about anything like credit for changing the rules, they have basically put this puppy on the lab called the uk economy and they have to resolve out. what were you saying about tightening credit rules? [laughter] this is such a nice puppy. it would be terrible

incident likely occurred in 2010 when hsbc was advising uk insurer prudential on the acquisition of aig's asian life insurance business. a senior trader reportedly alerted a trader that the new york hedge fund lewis bacon. shares of hsbc basically flat on the day. >> now, flaws in wells fargo's living wills, but the bank plans has drawn less criticism than those of other banks. large financial firms, they must submit living wills to detail how they went into bankruptcy without triggering the need for a costly bailout. the fed and the fdic says wells fargo's 2014 plan was an improvement from last year, but ill still has improvement to go. wells fargo, slightly higher in german trade. >>> now, cnbcs has learned which companies anthony noto may have been referring to this week. he has held talk wes shots, a selfie app backed by justin bieber. twitter mash attracted to shots because of its millions of users, two-thirds of which are under the age of 24. >> i'm under 24. >> oh, of course, sorry. >> it's the sounding, isn't it? like the whole life of selfies. >> the selfie craze, exactly. >> wha

cyberedge from aig is more than insurance.s proactive technology and specialists to help keep you ahead of the curve. claims specialists and advisors to protect you as cyber risks evolve. cyberedge -- to help you change the internet of risk into the internet of opportunity. >>> little after 10:30 in the east. 7:30 in the west. thanks for being here on a saturday. >> i'm victor blackwell. good to have you. >> we will persevere. those are words in response to yesterday's spaceshiptwo disaster over the mojave disaster. one pilot is dead. another seriously injured after parachuting to the ground. it is still unclear exactly what happened but eye witnesses say the space plane started to break apart moments after it detached from the mother ship. branson is still due to visit the crash site today as he joins his colleagues ow out there. >> joining us to talk more about the disaster, leroy chow a the former nasa astronaut logged more than 229 days in space. i want to ask you specifically about what might have happened here. we're not

they include steve miller, the therman of aig, as well as chairman, ceo, and president of foster wheelerrom 2001-2011. the dow has already been investing various units in part because of the pressure and just yesterday, agreed to selling a unit for $1.22 billion and also announced more measures to improve shareholder returns amid the pressure. it looks like that was not enough, and loeb is not taking the latest measures. >> julie hyman with breaking news at this hour. thank you. all week, we have been examining the theme of risk in the economy. today's focus is stopping the next generation of cyberattacks. security platforms provides real-time -- the chief operating officer joins me now from washington. welcome to "bottom line" and thank you for your time today. >> thank you for having me. >> in terms of real-time, does it mean just that? that the second this is happening, protocols are in place to put up a defense against this? >> real-time to me means you respond fast enough that you are detecting compromises and you can go from an alert that matters to a six. before people broke into

cyberedge from aig is more than insurance. and specialists to help keep you ahead of the curve. claims specialists and advisors to protect you as cyber risks evolve. cyberedge -- to help you change the internet of risk into the internet of opportunity. i found a better deal on prescriptions. we found lower co-pays... ...and a free wellness visit. new plan...same doctor. i'm happy. it's medicare open enrollment. have you compared plans yet? it's easy at medicare.gov. or you can call 1-800-medicare. medicare open enrollment. you'll never know unless you go. i did it. you can too. ♪ >>> welcome back. i'm fredericka whitfield. federal officials are investigating the spaceship accident. the space plane broke apart and fell just 2:00 after the launch over the mojave in california. one poilt is dead and another seriously injured. a new fuel mixture in the test flight is being investigated and a florida band member being found guilty in a hazing case. a student died after being hazed on a bus in 2011. he could be sentenced to more tha

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there is a major lawsuit as you greenberg on by hank aig untilad of shortly before all of this. they misappropriated $40 billion that he is suing for. he is one against two other countries in a similar actions. he might have a chance here. issuesme go from the big you and your legacy here. when you look back across your career, what you proudest of having been involved with? one is a small one. i was assigned to the education committee. there was a vacancy there. i was happy for that. that is something that affects everyone and it's important. bill because we had just few years before going to the volunteer army we had trouble recruiting people. i thought what if we gave the student loan forgiveness in exchange for people being in the armed forces or the reserves. if they needed someone, they could offer that as an incentive. i introduced in the subcommittee againstybody in voted it. they did not say it was a bad idea. where an education committee in this has to do with armed services. it's the national congress. we are supposed to be working on national issues. so i introduced

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aig knew what they were doing. fixdick fuld knew what they were doing before he didn't. i have been hearing this forever. you know what you're doing until you know what you're doing. we should point out and let viewer know they are rolling the dice. they maybe best at it but they're doing it with derivatives. doing it with credit default swaps. gerri: quick last word here, michael, quick last word and we have to go. >> quick last word there, they're not necessarily rolling the dice but for folks uncomfortable with der i haverifftives they may want to consider other options. >> everybody, when you play with derivatives rolls the dice. doesn't mean you shouldn't do it but you're rolling the dice. gerri: michael, charlie, thanks for coming on. spirited debate. we appreciate your time. michael thanks for details from your report. >> sure thing. gerri: appreciate your time. your voice is important to us, that's why during the show we want you to facebook me, tweet me @gerriwillisfbn send me an email at gerriwillis.com. at the bottom of the hour i will read your tweets and ema

. >> if aig you feel like you're in outerspace. >> reporter: meet kerry. >> i'll take you to our floatwo. >> reporter: she's the owner of healthy and floats or girard avenue in northern liberties. >> this is our tank. you'll see we have a shower as well. everyone showers before they get in the tank. >> reporter: she opened in march. she has two float tanks in high demand. >> we get customers from maryland, delaware, all over pa. >> reporter: relaxation fad that was hot in the '70's and '80s is making aggressive come back in the northeast. >> if you're a football player or if you're a ballerina it doesn't matter what your size is. you're going to float. >> reporter: two year old mark donahue a recent direct system university graduate and an avid floater. >> the spine lengthen out and you always come out and you feel kind of nice and loose. >> reporter: donahue was a college soccer player and says floating has helped his muscles and mind overcome stress. >> it totally helped me recover. any time we a two a day session or something like that and i can get up and float the neck day i would

we know that the window was narrowing on the timing of the former aig appearance.at the government's tactics might be, it's a fox business exclusive that has the financial world riveted. we took the lead reporting that first ebola case in new york city. dr. craig spencer, he's the doctor that returned from west africa and tested positive for ebola, he's been declared virus-free. he left the new york city hospital today. we've got more details.