aig is up 10% since the election. a name he don't push hard on.lson was behind that activist movement. >> in the spring carl talked about a reckoning for the market. he also said he didn't know the timing of it. all the fears he talked about then has not gone away and seems to be -- a lot of his fears seems to have been assuaged. the points he made in the spring or still foin cuss. >> apple celebrates the iphone 10th anniversary. if you bought the stock when the phone debuted you would be up a whopping 800%. is there still room to run? guy adami tested out one of the hottest fitness trends out there. so how did he do and can you profit? that's when "fast money" returns. >>> welcome back to "fast money". we aren't the only ones celebrating a milestone this week. today marks the 10th birthday for the iphone. josh lipton is in san francisco with more. >> reporter: that's right. on january 9th, 2007, steve jobs took the stage at mac world to introduce what would become his company as flagship product. >> three things. a wide screen ipod with touch con

he represents the aig district of tennessee. >> congressman, what did you do before you came to congress? >> i had been a practicing lawyer. and was honored to serve as the united states attorney for the western district of tennessee for a few years, couple of years during president bush's tenure. and i've enjoyed the practice of law. i enjoyed representing the people of west tennessee as the united states attorney, as the chief law enforcement officer for the district. >> tell our viewers what is, what was operation tennessee waltz an your role in it. >> it was in the early 2000s in the mid 2000s in the tennessee legislature. it was a level of corruption. among state legislators and so, the u.s. attorney's office and the fbi before i became united states attorney, developed an undercover operation, tennessee waltz, where a fictional company was created. they would quote unquote lobby the tennessee legislature. of course, they were bribing those members who had been b engaged in other activity that they should not have been eng e engaged in. so, i prosecuted those cases after they were i

january 9tac hedumbbell c lice aig o a suspect caesar's casino wi not face authorit robberswere holding up threr men.ived one ofhot officer. that's when the second officerrned fire killing 2ar-old jerome of cam to fillnole in montgomery chetuatte reyes has story. >> under bright crews m a a pick upzes >>dn disel25 f and deetinkhole or r 1water, 60 residents had both restored. came in and appliances. >> as for sinkhole -- >> i rea it can happen anywhere. it's scary. >> it's left residents with quite a story to tell. >> you hear about this on the news all the time. you never think it will be on t. >> residents have their heat and arend boi jean news." >> mayor jim kenneawn on will not be able to tow cars from private lots or driveways unless ticketed by a city agency first. university city police and septa will coordinate with philadelphia police on ticketing and towing. >>> still to comehe tonig have a 609 phone number, the state is dialing up that is. and remember mary tyler moore and take a leap in time to when she helped save wly? h today thefoup? as" >> a tru populature t of 80. she

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aig, you get point. so test.hen you have this out of the money call that's still out of the money. fits near the money at some point prior to earnings, it would have happened in a few weeks. you may want to think about a higher strike call and turning it into a spread. >> up next, final call. y , , ey bluno okots .me ♪ helec g he l. letseate r althe mp >>> welcome back. time to take your tweets. we have one from expense here asks, calls on disney. >> i love trades where you're selling premium and gdx, they're high enough that you can tell that but i wouldn't want to do it much higher than the 21 level. disney only if you tone stock. >> final call time. kick it off. >> carnival cruise. >> call spread risk carnival. >> qqq, i prefer long have a g. "mad money" starts right now. >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money.

but if aig is the insurer and they can't make good on the contract, then the government has, to quote, -- quote, has to -- bail them out and we have the mess we had. >> host: that what you should watch "the big short." we are for those who are either listening on the radio or watching on c-span, recognize we're less than 24 hours since the presidential election. so i'm going to ask you to put on your kind of prognosticator hat and give you the allowance that we -- none of us know what's going to happen. but if you were to take a look at wall street as it's configured now, including what is good about it and what is bad, what do you see the new administration coming in affecting the environment that you have been talking about? >> guest: well, fine. first i'm happy you asked me -- didn't ask me to predict what the markets. >> host: shorted the dow. >> guest: the first thing yesterday. well, thick that there's a -- i think there are number of thing that i see here. part of it is going to -- obviously depend upon who donald trump chooses as his advisers. i am not sitting here today feeli

haven't mentioned aig this morning, jim.y do a big deal with berkshire, we did mention, we saw warren buffett, reinsurance deal paid $9.8 billion to essentially take a lot of risk off their old policies. >> which is what i was most worried about. that stock should be up more than that. this is actually quite a good thing. >> it improves their ability, obviously to write new policies and give them new capacity in terms of reserves because it's a business that they're no longer sort of emphasizing. the older business that they were riding. now they sort of know it's contained. >> yes, that means book value can be more of a reason why you want to buy it. it's not an expensive stock if you knew that these some legacy is insured. i'm surprised -- look, always the question was with this company just so you know is it going to cost them too much money to get that reinsurance? obviously peter hancock must think they finally got to a level they can live with that amount of money. >> largest deal ever done of course when work u dealin

. >>> developing right now in orlando police work aig round the clock to track down the man they say murdered one of their own. mark keith lloyd killed master sergeant debra clayton. orange county sheriff deputy norman lewis died in a traffic crash during the scramble to find lloyd. this morning's chain of deadly events began when police say lloyd shot and killed clayton outside of a wal*mart mart. the officer approached lloyd who police say had been on the run for several weeks for the murder of his pregnant ex girl friend. >>> also in florida the suspect in the fort lauderdale airport mass shooting made this first corners. santiago told a federal judge today he does understand the charges against him and that he could face the death penalty. prosecutors accuse the iraq war veteran of opening fire at the baggage claim filling five people and wounding even more. in delaware county, a struggling family is hoping for answers after a building contractor took off with their life savings. he was supposed to build a new addition for their special needs children. three years have come and g

if you take aig and citigroup and wachovia and washington mutual and freddie mac and fannie mae, thelders of those companies lost hundreds and hundreds of billions of dollars. citigroup did not go under, but when the stock holders lose 90% of their value, it really does not make much difference if you have $1000 invested and you end up with $100 or not. so there in my view, there has been no moral hazard created for stockholders by the fact that the government came in and rescued those institutions. the moral hazard exists i think with the top executives who walked away with hundreds of millions of dollars and really did not pay the price for their failure. we had bigger and bigger financial institutions that had all kinds of activities where their problems became other people's problems. and then we had improper incentives, we had people running the huge institutions whose upside was lots of money and lots of glory, and the downside was still a lot of money and no glory. thomas: one of the points my teacher makes, when you're in a world that is a flat and technically interconnected,

les at fitch, and aig is also out on valentine's day, february 14 with its latest figures. the u.s.ncy warning smart phone makers to step up battery safety. this is because of samsung's overheating note 7. it says it will conduct a review into battery technology, and pointing to flawed industry standards. million saying the 1.9 note 7 funds recalled in the , a 97 percent response rate among users. the consumer protection agency saying it will continue its investigation. american bank regulators the finding $65 million for improper foreclosures in the aftermath of the 2008 financial crisis. company is of the said to be paying that fine. facing accusations of filing fraudulent documents and signing ofobo foreclosure papers. a mixed bag, essentially higher, but giving up earlier gains. ♪ in hong kong,a.m. nine 20 9 a.m. tuesday evening an washington, d.c., and these are the first word headlines, donald trump laying out incentives he will offer carmakers to attract new plans to the u.s.. taxessaid he would reduce and regulation, the three companies have not built factories in the u.s. s

this is aig 30 to 40 minutes ago. it is a mielgd mild start to the day. we're in the mid to upperer 40s. if you're waiting that bus stop, still patchy fog. temperatures in the mid-40s and by the afternoon, mid-50s at the but stop. today's going to be a dry day throughout the afternoon. temperatures around the mid to low 50s. so right around the middle of day and into the afternoon, that's when we expect rain to move in. for inauguration day we have rain in the forecast. until then we'll be dry. we're dry saturday. sunday looks like a chance of showers returns and that could lead into monday. let's look at the roadways and melis melis melissa. >>> brand new problem left side blocked by a crash there. still have inbound before dour house with a crash in the left lane. 66 this is what i needed. you can still see that fog and from 35 to the beltway you're on time at 11 minutes. >>> a prince george's county police officer turns in one of his own. after the akiezed officer admitted to taking pictures up women's curts. how police cracked a decade old kidnapping

aig -- well, you get it.re making all-time highs in terms of market capital. >>> up next, believe it or not, biotech has been the best performing industry group this year. granted, the year is one week old. if you missed the move, we have the stock you can buy. we'll tell you what it is when "options action" returns. ♪ guyhey nicole, happening here? this is my new alert system for whenever anything happens in the market. kid's a natural. but thinkorswim already lets you create custom alerts for all the things that are important to you. shhh. alerts on anything at all? not only that, you can act on that opportunity with just one tap right from the alert. wow, i guess we don't need the kid anymore. custom alerts on thinkorswim. only at td ameritrade. c'mohappy birthday! i survived a heart attack. i'm doing all i can to keep from having another one. and i'm taking brilinta. for people who've been hospitalized for a heart attack. i take brilinta with a baby aspirin. no more than one hundred milligrams as it affec

rr gdwa rl spatn gerio o ns w a stua hasfear ans o scer - esoof ed 1wa n me aig bbntil he discoverneodhr ectners. inhe, re inng sie onstp eang s eouy econ th o ierctf e op. twh ts ys t ectn fo e resul were announced, and all kinds of people are in this painting. people from all walks of life. people who are excited, people who are confused, people who wondered what's happened and people who wonder what's going to happen are all there. actually he painted this painting about the same time in this very room, some of the least successful debates in the history of our country were being held, and, of course, we paid the price for not being able to find solutions. one of my favorite statues in the building is in a room that i have here in the capitol right now. i had it in the whip's office when i was the whip in the house, and it's one of my favorites because nobody knows who it is and i don't mean nobody here can guess who it is. i mean, nobody knows who it is and nobody has known who it was since about 1930. couldn't have been in the capitol building more than 100 years before people be

it was five times the number of poland's than derivatives and that is what is going on >> but if aig has leverage but they cannot make good on the contract then they have to beat bailed out. >> that is why you should watch the big short. for those of us listening on the radio to recognize a year less than 24 hours away from the presidential election. i will ask you to put on your prognosticator hat with the allowance that none of us really know what will happen. and what is good about it that you see in the nude ministration with that environment you are talking about quick. >>. >> you shorted. >> but there are a number of things that i see. and that depends on donald tromping and it said not feeling good about that personally precisely because one of his economic advisers had the op-ed piece in the wall street journal in the last few weeks about a topic that i feel very strongly about which i disagree and what is that for those that were investing. some players sodom of st. in to be held to a statement of fiduciary this the clients. but there are those sitter held legally to the sta

what we are seeing in the silicon valley is most of the new-hires are aigs or white men. if you stem the visa program you might open up opportunity to woinl and minorities that are americans. we need to make sure we are using our workforce in the best possible way and putting our workforce first. >> you have got millions of skilled workers part world able to do this work. are you going to tell americans you can't buy product from these people. wouldn't you rather have them here? the reality isn't going away saying let's put up a border to make sure americans get the job. you can't ignore it. charles: if there are these caps the where the silicon valley would chip in and help train some americans. i had engineer after engineer, retired and currently working americans saying that they feel like they were discriminated against in their own country by these companies, and these companies could be doing so much more to help prepare native born rather than bringing all these folks who stay here and take jobs. >> i love the idea of silicon valley training workers. but the proble

how that shapes up will be aig issue.ative secretary of state, tillerson might he is an oilman and he has not been in favor of sanctions as a businessman. we will have to see when he gets into office and he has sanctions as a tool, how he will use that. donald trump has also been critical of the fact that u.s. companies cannot invest in iran while foreign companies are able to including russian companies. there are a lot of moving parts on his policy about that. the prevailing wisdom from analysts now is that donald trump will not be favorable to that deal and he will not encourage investment. there is a lot you can do without trashing the deal that would also make it harder for companies to invest in iran. that will be a hurdle going forward and we will have to see deals with that policy this year. rishaad: tell us about the companies interested in iran and the challenges for its industry. >> the 29th companies as you mentioned. we see a lot of the same names we have seen signing preliminary contracts with iran. there, s

creating this market that allows these farmers to become more prosperous and buy more product from aigce, other policies. building that marketplace from the bottom up and coming in on the ground floor so you get that brand identity, awareness, and , using things like mobile phones to pay bills on time. carol: micro insurance has worked in other parts of the developing world. >> there are simply some development challenges in sub-saharan africa that are unique to the region. because you don't have the stability of governments, you don't have the weather data or the risks to build an insurance policy on. satellite technology and geo-mapping is helping a lot in that area. you have not had these larger networks that these farmers can plug into. aiver: how the pursuit of good night sleep gave rise to the looking. carol: this is bloomberg. ♪ oliver: welcome back to "bloomberg businessweek". i am oliver renick. carol: i am carol massar. you can listen to us on radio on sirius xm 119, 99.1 in washington, d.c. in london, and in asia on the bloomberg radio plus app. section, the features the unl

aig boswell has more on the questions and the answers. >> pretty clear about what took place here. >>eporter: pompeo, president-elect donald trump's pick called meddling from russia is important. >> my obligation to to tell every lawmaker the facts. >> he told the intelligence committee, he would give mr. trump, his unbiased assessment of politics. pompeo also weighed in on the use of torture. >> if you were ordered by the president, to restart the cia's use of enhanced interrogation techniques that fall outside of the army field manual, would you comply? >> senator, absolutely not. >> at his confirmation hearing, to be defense secretary, retired james madaus also talked about this. saying his key aliances are under attack. >> we recognize the reality of what we deal with, with mr. putin. and we recognize that he is trying to break the north

aig rolehere, of course. such a prominent part of the government, meeting briefly with the incoming president, shaking some hands there in the capitol rotunda before he entered the stage. and of course, also our new senator, kamala harris, weighing in on this occasion. she was here, but she says she has a little hint of skepticism moving forward. >> i feel very strongly that this is going to be one of those moments in time where we're going to each be challenged to stand up and speak up when we see something happening that is wrong and unfair. >> hillary clinton, of course, former president bill clinton was here and the former first lady hillary clinton, such a bitter campaign for the last 18 months, but she was here along with the other former presidents in jimmy carter, george w. bush. george h.w. still recovering in houston. so we saw a lot of familiar faces here, and of course, all the supporters and demonstrators and protesters here on the national mall. now, let's send it back to the bay area where ther

scene, aig fast-forward for media. barryebb caught up with diller.s subject to a day or two being a negative drag, then you have a very lousy business. that it all today's ridiculous silliness. >> there have been merger you hear any of the deals been redirected. >> that would never happen. , if you areeholder on a special committee. to get by, forng anything but a bargain sale price. if you're another company when i can sell it for anything but a premium. >> how would you try to turn around paramount? how can it be done? >> make better home movies. the movie industry is the simplest business, compared to what is going on here. narrative story on a big screen is very simple. you have a story and tell it, people like it or not. there is no attack involved, -- tech involved. , a lot of techy companies are making huge strides in this space. do you think companies need to own the content? why is that? >> no, if you own content you want to distribute it everywhere. if you are engaged in distribution, like apple, like amazon, they are essentially distributo

we're send aig team of anchors and reporters down to the nation's capital. our live coverage from washington, d.c. starts wednesday on nbc10 news at 4:00 p.m. >> today president-elect donald trump called on americans to honor martin luther king junior and what the civil rights leader stood for. mr. trump and martin luther king the iii had a meeting today at trump tower. voting rights was the main topic. king also said he hopes americans can come together on issues like fighting poverty in the midst of national wealth. the meeting comes in an aftermath between trump and civil rights leader congressman john lewis. trump tweeted lee witness is all talk after lewis. implofg the audience to fight for justice. >> stand up. speaking up. when you see something that is not right, not fair, not just, give them all obligation to do something to say something and not -- >> lewis says he will not attend the inauguration. >> insurance for everybody, those are the exact words from president-elect donald trump in an interview with the "the washington post," mr. trump promis

del dot report aig few flooded out roads up and down the state. this storm could be effecting your neighborhood through the night. what can you expect over the next few hours? >> glenn just mentioned that this rain is coming down hour after hour after hour. we're going to time out this rain for you starting at 5:00 p.m. notice we're seeing those heavy pockets of rain moving through berks county, bucks county, mont as well and as glenn mentioned we're already seeing a sleet of wintry change. also we're seeing a changeover later this evening at around 6:30 prm and seeing heavier pockets of down pours between the hours of 6:30 and 7:30 p.m. along the jersey shore. that conditions will not improve at least for the next several hours because by 8:00 p.m. we're still seeing some yellows and oranges and still seeing that sleet that wintry changeover for the lehigh valley. notice the greens to the south. everything moving northward so we'll see an yichl proechlt there. temperatures in the 30s and 40s. keep in mind we do have real strong easterly winds. co

it's put aig tremendous burden on families, on businesses. step one is to repeal the taxes and mandates at the very heart of obamacare. what the president-elect has made clear is that he also wants the congress at the same time to pass a replacement bill that will lower the cost of health insurance and literally make health insurance affordable for every american. >> what does insurance for everybody mean? >> i think it means making insurance affordable for everyone, but also allowing for the kind of reforms in medicaid on a state by state basis that will ensure -- make sure we have health care coverage for the most vulnerable in our society. >> so, making it affordable and you said the most vulnerable, but not making -- i'm guessing you're not talking about a mandate because that would be anathema to what you were talking about. when he says insurance for everybody, that sort of sends a signal that people are not going to lose the health insurance that they have. >> well, our commitment is to an orderly transition out of obamacare. we don't

the first guy to walk out of was aig baptist church six foot one tall man in braces who put his arms around me and said my father and it up loving you. ended up loving you. listen to another person's respective. -- persons perspective. did.is what the senate so that is why i thought the place was so incredible. i could give you 100 examples of things that happened that you would have never thought about. -- think we need to [indiscernible] wise judgment, voting against doing that. it would be a very, very bad thing to do. a very bad thing to do. the worst thing people want from sure i've met not the standard, but i've tried, is transparency. there has never been a time that have not left open what i do. i think the thing people most want is the knowledge that their elected officials are being transparent. this is who i am. reward, at least in my state, reward that. for example, when i ran the second time in -- that's not true, in 1984, the third time. i had missed 18% of the moats -- but i didn't miss a single book that affected the outcome. but my opponent was a good friend of mine

rest of this evening, we're talking about these pop-up snow bursts and they could provide a quick coat aig cross the area? in just a matter of minutes. few more scattered snow showers just a brief burst of heavy snow reducing visibility on area roads for the ride home. light accumulation is possible especially on those grassy surfaces right now temperatures cold enough for snow. i got a tweet it's 32 degrees. it's 34. how can we get snow? the snow coming down so hard that's pulling down that colder air across the region so through the 7:00 o'clock hour, we do anticipate a few more scatter the snow showers and then skies will slowly clear with temperatures falling through the 30s and the 40s into the 20s overnight tonight. so it's ba tock that much colder air we have another clipper coming tomorrow morning and a colder pattern in the seven day forecast. we'll be back with that with your seven day in just a few minutes. >> all right, kathy. thanks. remember you can always get up to the minute weather and live looks at ultimate doppler head to fox29.com. >>> happening right now, a mother's pa

chargers moving to la and sandy aig ain't happy about it.he mayor had to say about the organization plus the flyers back in action trying to themselves off the mat. see if they can put another losing streak behind them next in sports. ♪ >>> the flyers, they don't get things together real quick play off hopes will be dashed. they've lost seven out of their last eight games with vancouver coming to town. steve mason he got lit up in this one. let up four goals pulled for michael in the third period. flyers down by one right here trying to push this thing to overtime. look at this goal by brayden schenn, dives and he gets it in somehow and that take it to overtime. which would eventually take it to shootout claude giroux on his birthday playing hero. gets the goal right there. the b day boy putting the flyers up in the chute out. canuck nugget one last shot. take out of city mason paid off. flyers win five-four breaking two-game losing streak. to college hoops lasalle taking on rhode island. great defense. look at this. get that out of here. do

report roar walk aig round on opening day the concept is actually really simple.want to give back. and much of the crowd seemed to embrace it immediately. >> i just think it's a great way to get soup, get something you need and get lunch but also support a great cause at the same time. >> cool new restaurant doing something great for the community. why wouldn't you want to support that? >> reporter: if things going to according to projections the rooster soup company should provide money for 20,000 plus feels annually to the broad street mission plus additional necessities. that's their mission. but in order to be successful, their focused on just being a great restaurant and the rest will take care of itself. >> maybe you don't care about the mission its and that's fine too. maybe you're looking for eggs an cup of coffee or maybe you need to have lunch with a colleague at work or meet your kid and go for happy hour with your friends and that is why we're here all these things are normal and natural and do you them every day any way. so why not do something for so

the way we participated in consultations there are global engagement centers, cult aigs held with civil society organizations broadly, lots and lots of consultations on many issues. talk a little bit about what happens then to the ability to integrate civil society into policy-making processes and where you believe human right belongs at all at the nsc? >> the problem with human rights is tends to be in practice a country issue. it tends to be actions taken, abuses taken by national governments. . . >> this came up when the jimmy carter administration or president carter was preoccupied with human right during the campaign and the special up is in the white house on that subject. but discovered that he had essentially two different powers is towards every country. the one of the secretary of state and the human rights on his own staff then after a while, the human rights person left in the position with downgraded. but that brings me to this final point about this coordination i've been talking about throughout which is if you're not careful, any administration faces the danger of havin

they might come down some but there are stocks like aig, for example, other insurance companies, blackstoneanother financial, they haven't moved very much. and i think they're attractive rate here. >> what about the overall market? would you use the word attractive right now given sort of where we are? >> well, you know, that's a tricky word. we're near an all-time high on the dow of course. the -- you know, the s&p is very high. but do we think that the market can go higher? if the economy moves up and earnings grow, which they should with lower tax rates, definitely, around higher gdp consumer spending. i think we can pick our spots right hire. we're getting an opportunity to find attractive names in this market. >> carrie, it's good to talk to you today. see you back on the set sometime soon. >> you bet. >> all right, carrie firestone. >>> a quick clarification for you. while selling sky bridge capital, he is stepping down from his role as co-managing partner and will no longer be affiliated with the firm or salt conference, spun out as a standalone entity. that will be run by kelly o'co

ryanair,ups like aig, but last year, we saw a big expansion in capacity on the back of these low oilcularly across the north atlantic, which ordinarily would have been quite short. seasonal operations were extended, oil aircrafts were kept in service. given the difficulty in ratcheting fares up in line with rising oil prices, the north atlantic was already evidencing capacity last year. so with higher costs and competitive pricing, it's not accommodation for those in the weaker financial position. are clearly going to see some pain this year. it's interesting that we have talks going on at the moment surrounding alitalia. we'll figure out how they will deal with that. when we start seeing, if we do start seeing, airlines going out of business, how do the others react? is this a buying opportunity? people have talked about picking up a few more businesses around europe. is this an impetus to consolidation, or does the capacities and we disappear? >> i think it's largely an opportunity for consolidation. when we look at alitalia as a case in point, they lost what they did two or three

in addition, there was an update at aig to outperform at credit suisse. oliver: thank you so much.irst word news. courtney collins is in the newsroom. courtney collins five people are dead and eight others wounded after a lone suspect opened fire at the fort lauderdale international airport in florida. investigators say the shooter is in custody. the motive is unclear. the violence occurred at the terminal baggage area. receivingobama is updates, and president-elect donald trump says the us twitter he is monitoring the situation and has spoken with gov. rick scott, who has traveled to the scene. congress has tallied the electoral college votes, and donald trump has been elected president of the united states. mike pence has been elected vice president. democrats raise numerous objections as the voice -- most were counted, but did not have the votes to sustain them. trump won, even though hillary clinton received 2.9 million more votes. french presidential candidate marine le pen says the u.k. economy is weathering brexit and thinks france should also be the european union. she says

attorney or aig approval. so these are things that are built into the policy that are going to affect a more rigorous analysis of how we're handling these cases. and i actually think it's a good thing. it's something that we have required for the most part during my tenure as u.s. attorney, requires our ausas to really focus on the conduct of the people involved in the case, and to be clear as they approach their supervisors about how they're going to reach a disposition, and be clear about the reasons for the settlement, or disposition. >> that's what i really hate when ausa is really focused. but the practical problem, and something to keep in mind is, i find in dealing with justice, if you have to get someone to write a memo to get approval to get what your client wants, you're in a lot of trouble. here's a place, particularly whether you're representing the company, but also particularly the individuals, you can really help your client by preparing the memo. by saying, here's all the reasons i think you sh

he represents the aig district of tennessee. >> congressman, what did you do before you came to congress? >> i had been a practicing lawyer. and was honored to serve as the united states attorney for the western district of tennessee for a few years, couple of years during president bush's tenure. and i've enjoyed the practice of law.

. >>> aig has struck a reinsurance agreement with a unit of berkshire hathaway..8 billion in return for 80% coverage of future accident-related claims stemming from incidents in 2015 and before. >>> when we return this morning, we're going to head back to new york and check in with jim cramer. in the meantime, take a look at the futures. gains have built through the morning with dow futures now indicated to up by just over 55 points. s&p futures up by 8 1/2. the nasdaq up by 19 1/2. stay tuned. you're watching this special edition of "squawk box" on cnbc. our coverage of the inauguration is just getting started today right here on cnbc, all morning. d >>> let's get down to the new york stock exchange and jim cramer joins us now. jim, you are not one to hide your emotions or your feelings. and it's kind of cool today, isn't it? >> peaceful transition. >> yeah. >> and democracy. what happens even when you have people who are polar opposites, a peaceful transition i think makes people feel optimistic that something can happen. i know all the tenor of your show this

but the only thing in our way is a mute mountain so we crumble mountains, we crack rock without need aig pipe, just give me one word, one sentence can make the ground move like a tsunami. you can hear the words crack in the concrete, cracking like the blacks of rebels from the past, cracking like the blast that malcolm x.'s wrk. believing earthquake will would cause prekugs, the future, the future belonged to those who prepare for it today. so today i have a dream but my dream wasn't heard. today i have a dream, but my dream was deferred. today i had a dream about a king but the king wasn't heard, the legends are angry, the world is violent while we stay -- for every action there's an equal opposite reaction. if the action is division then the reaction is multiple i have indication. now this is just law. voices react to vibrations. vibrations react to earthquake so if sound is vibration, our verbs are its earthquakes so let's break the grounds our fallen heros are trapped underneath. leaders from being slaves, react. let's speak with talk like an earthquake, be like a rock and watch this

i know i'm moonlighting as aig a traffic report reporter but this 2017 hybrid which is the first thetty awesome on the road, right? igt now, this one, this i8 i combination of electric and gas is only going to set me back 140 now. obviously on my fox5 salary itli won't be a problem. we'll start out here with this bmw. this is the i3 completely anletn electric vehicle.electricle this one we have to give tohaveo tucktory. i know he's not there with youeu but he drives an electric car.ca not ar bmw electric car but i b think if anyone had to have to v the fully electric luxury luxury vehicle this would be for him, right. ri >> okay. >> save the environment. sav >> tucker barnes.>> tuc >> let's go over this way aovers little bit. we have not just bmw luxury hybrids and luxury vehicless but also porsches.posches. this one here i think i'mis o going to give to holly. hol okay, holly. holly. >> yes. >> very nice. >> this is not 2017 porsche p cayenne suv. a plug in here but now io know when you go to whole wol foods or you're driving around n and even at the fox5 parkingarkg lot we have plu

. >> aig plunging. at one point, they were down 70%. >> they face the hammer of a credit rating... >> narrator: the entire global financial system-- and the american economy-- were at stake. >> ...the risks of a recession rising. now some say they see one lurking right around the corner. >> this is defcon 4, whatever. this was the complete nightmare. by wednesday, you basically had a complete shutdown of the world capital market. it's just... no, this is absolute terror. >> narrator: the situation was so dire that candidate barack obama was receiving regular updates from president george w. bush's secretary of the treasury, hank paulson. >> secretary paulson and the administration are calling then-candidate obama, and they're saying, "look, we think the world is close to coming to an end, and we really need your support." >> narrator: for years, paulson had been the c.e.o. of wall street giant goldman sachs. now he said the government needed to act to save the wall street banks. paulson traveled to capi

mon does in the look like a bige aig deal.t flakes for the month of januaryy so maybe we'll get some here inr the month -- the rental of theaf month. that's a weather update.at i'm going climbing.clim back to you.you >> take your time, tuck.uc >> more bad news for that limo driver who's vehicle was set ono fire by protesters on o inauguration day.. the insurance won't likely covev the damage here.dama her the president of the nationwidee chauffeured services in in alexandria says replacing the t car could cost tens of thousando of dollars.olla insurance would cover vandalismm but may not cover his situationn because the car was damaged inei what's considered a riot. riot good news here, a gofundme pageg has been set up to help the company. so far people have donated moroe than $13,000.13,0 >> in maryland, the frederickck county pub lib schools systemtem updated ed social media afterer employee was fired aboutiredbo bantering a student about theent word tomorrow on social medialdi employees will receive mandatory training sessi

.>> aig >> send them any time of the toe day. 9:56 right now.. 10a is coming up next.up n it's coffee have the new n dunkin' donuts mug for up grabsr right now head to fox5.com/contests or you can go to our faconebteoostk page whics facebook j fox5 dcly end the mug contest we pick one lucky winnen by random drawing to give the ge mug away today. get the teen in before bor 11:00 o'clock today.od. the conclusion of good day at a 10a which starts right after this. ♪♪ z290ez zi0z ♪♪ >>> the hottest stories at 10a. madonna saidest st what? justis is another super star and whatna in the world is going on withg w brad pitt's love life. life >> inauguration weekend, thehe fashion winners and losers, pauu wharton is here for very special good day d.c. fashion police. pl >>> plus a week of love in the loft. loft meet the lucky c.ouple who willl get married this friday in the loft. loft >> and tucker continues to track what could be a wild weathereaer day. the 10a starts now. now ♪♪ >> there's some songs i thinkhi will be relevant for about 50 years. >> oh yeah.>> >> at least. that's one of them

we had to sit through another ao song of her walk aig round it was just so bad.s ju so i said to myself find f empathy right now and i did.rin now, she claimed she started tot feel bad for her because it was a train wreck of a performance p but she said this i foundound interesting.e i do understand our egos ofurgo course want to blame of one bute itself for mistake but i'm little its literal alaris sorryy al reaction saying dick clarkk a productions did this on purposer and for ratings much the truth e of the matter is mariah didn'tnt do a sun check and she said it there. ther she did whatever you would like to call a dance rehearsal holding her gold microphone andn she stood to the side of thehe stage while she had a stand in n do he s and she said also one of theone things is, the monitors wereor w still going.oi so she said that she couldshc actually hear the monitors.ly ha by the wayr before i walked upe here i watch video of adele having a very similar situationn where pa went out.ent out. >> i remember. i r >> i posted on my facebook.ook >> that was at an awards show.hw >> that's

which they would have gone fund it weren't for the bailouts, particularly aig bailout, had a backdoor mechanism that bailed out goldman, wonder what they would have said then. i think these guys are talking out of both sides of their mouth. banking reform is key here. we'll get rid of parts of dodd-frank. better figure out what they do with big banks and small number of them holding a lot of assets. that is risk -- neil: what about his role and some democrats are saying, you're a scoundrel, you profited from the meltdown and you were throwing old ladies out of their homes? >> he wasn't. he made a smart business move which a lot of liberals on wall street did too, by the way. they went in, bought distressed assets. the bought a bank, took it off the government's hands. yes there was foreclosure process that occurred, guess what? people took out loans they couldn't afford. neil: he was honoring the federal laws at the time, especially if they were federally underwritten loans, but he is coming across as somewhat who fairly or not and legally or not profited off of a crisis. >> this will

santiago confessed officials looking at possibility of terrorism and mental illness turns out santiago aigsng to control his mind, and force him to watch terror propaganda, new security footage tmz shows seconds before and after santiago opened fire in the baggage claim area, of the airport, about those fort lauderdale, this runs 10 seconds we warn you images are is disturbing. flight operations returning to near normal at airport confronting task force of reuniting passengers with more than 23,000 bags abandoned during that attack on friday. well, 1300 families had to evacuate their homes in south reno neighborhood after a river went over the banks, the region expecting even more rain today, the storms are responsible for at least 4 deaths across the states of nevada and california. crews worked through tonight helping drivers stranded by rising waters, we should say millions are digging out from winter storm that struck the country over weekend snow from mississippi to maine, according to the national weather service, snow and ice covered the ground in 49 states, only the state of florida

tequila heads up it will get aig little loud. >> look at the sizzle.ttle bit of chicken stock.ck. >> ooh. o >> you portion everything out st you know exactly -- >> exactly how much we'll make here. have a litt have a little bit left over.le bit le >> spice with the green pepper. >> hal mean nass, spicedpice tomatoes balance out on the the swtnesess. >> i have to point out theut t decant. that is a work of art.art >> it is. >> what exactly is the purposetp of a dee candor.eeando >> the air rates the wine anye a time you order a bottle we'lltle bring this to you and serve it i table size it makes it a fun interactive experience just like eating bake can wrapped shim and can be much this a simple dish if you have extra tequila. >> no shortage of butter.ut >> adds to the flavor.to t fla what kind of wine would you paio with this particular dish?rt >> for this you'll want seafooda a white wine.whit wine. balance out the heatness guacamole something to balanceae out that spice because the hal lean nass you get a nice kickeik there. >> the cool thing about co

f is there a common thread now i'w just look aig head to the nexttn four years as to how once peoplley realize the power they havy do they learn, do they change,ha is there any common thread over the years? yrs >> yeah, i think there is. i thi i mean, the weight of that office, the decisions that comet out of there, i think hits h people like a ton of bricks.rick did it kennedy.it knedy i think it who dealt with, you know, somews early rocky times if you think back. , and it will be the people who surround president trump who help him and he has to listen to and get descending views on thee big decisions of the day.decisif i think it will be interesting to hear this inauguration speech, steve, and what the, stw message is especially, you know, all the controversy that reallyy is unique to this inaugurationin so far. >> well, we'll all be listeningg together on friday.toer o brett, i know we'll be talkingwt more about this incomingincomg administration many more times over the next fourtion years.urs in the meantime the book is outo now "three days in january".ua" brett, always good t