and bank of america made the correction. >> weeks went by. they received another bill, again, they sent proof of payment and again, irs responded by sending them another bill. this pattern would be repeated a third time but that time, the irs threatened to put a lien on their home. bank of america told the couple $5,000 owd is sitting in a holding akt waiting for the irs to claim it. >> saying yes. we can see the money, too. but irs can't take the money and bank of america says they can't take it back. we're here, holding the bag. is that crazy? >> irs tells the couple it can't help them suggesting they contact taxpayer advocate service. kim stewart is executive director. >> where there are lots of systems in place sometimes systems don't work well. and we're interest to help you navigate when they don't do what they're designed to do. >> last year the service handled 299,000 cases and says 81% received a sort of relief they may ask for something outside of the law. we will not be able to aift them with that because we operate the confines of

and bank of america made the correction. >> weeks went by. ey received another bill, again, they sent proof of payment and again, irs responded by sending them another bill. this pattern would be repeated a third time but that time, the irs threatened to put a lien on their home. bank of america told the couple $5,000 owd is sitting in a holding akt waiting for the irs to claim it. >> saying yes. we can see the money, too. but irs can't take the money and bank of america says they can't take it back. we're here, holding the bag. is that crazy? >> irs tells the couple it can't help them suggesting they contact taxpayer advocate service. kim stewart is executive director. >> where there are lots of systems in place sometimes systems don't work well. and we're interest to help you navigate when they don't do what they're designed to do. >> last year the service handled 299,000 cases and says 81% received a sort of relief they may ask for something outside of the law. we will not be able to aift them with that because we operate the confines of th

bank of america leading the way. ceutical sector, merck down on the bottom and of the trading today, and down 43.15. kind of gripping all the action. let's head down to the floor the new york stock exchange. lauren: let's talk about monster beverage. this stock is down, by volume the leading maker of the caffeinated energy drink here in the u.s. and the city attorney in san francisco suing the company saying the marketing teenagers despite the health risk by sponsoring youth tournament and things like that. monster beverage is saying the city attorney has no place to get involved in things like this. the other stuff we're talking about is what you were just talking about, merck. the number one loser in the dow jones industrial. the fda approving a cholesterol-lowering pill by merck. the brand name for it. thank you. ashley: thank you very much, appreciate that. tracy: stocks trading at all-time highs, a do-it-yourself approach to investing. apparently there is a twist. gerri willis is here with the details. >> they're

a major lawsuit against bank of america and wells fargo. $26 billion mortgage settlement. eric snyderman will disclose full details and an hour. the 3d printer maker will be replacing matrix. tennessee coming in at number one. the top ten list of states to retire in. cost of living, taxes, crime rate and whether as important reasons. that is the latest from the fox business network. giving you the power to prosper. ♪ i don't want to pour over pie charts all day. i want to travel, and i want the income to do it. ishares incomes etfs. low cost and diversified. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. dennis: today's media than it is about the future of reality television. from an american family to today's doug dynasty. thank you for being with us, jason. every time i think that the

since two thousand and two is she has defended some of the biggest names in banking including morgan stanley and bank of america to her connections with these big banks matter well in two thousand and ten white bro in a motion some have looked to assign blame for every aspect of the financial crisis even where there is no evidence of misconduct this sounds like a get tough sheriff to keep wall street in line but that's not all she told the huffington post last year and the financial crisis was so expensive and so many people were injured that it's ones and seem to think that there must have been massive wrongdoing from the top on down criminal cases must be built on compelling evidence not just positions and evidence of broad based misconduct that would rise to that level it doesn't exist. this is the person who will be in charge of overseeing and best a geisha of securities fraud and fraud related to the financial crisis and the letter to the senate banking committee that as these see occupy the as the see also raise the issue that a former as the c. chairman had to recuse himself from many cases that involve

investors recognized the deal was good for both sides and bank of america gained more than 5% leadingow winners and mbi arose more than 45%. all of the major banks rallied today in a range from about half a percent to more than 2%. >> and speaking of banks, new acquisitions today against two of the nation's biggest for ignoring last year's 49-state settlement to help struggling borrowers by dragging their feet on hundreds of new financing requests. >> bank loans still carried on bank's books are haunting the housing recovery. diana olick explains. >> in new york today state new york stock exchange eric schneiderman accused two of the nation's largest bank, wells fargo and bank of america of reneging on a deal to help millions of troubled borrowers. >> this enforcement action which is the first taken under the settlement is based on 339 individual complaints from new yorkers against these two banks in just the last six months. >> the charges stem from the $25 billion settlement that came out of so-called robe owe signing foreclosure abuses. it directs the banks to modify loan, forgive

bank of america, they are leading the rally. company announced it reached a settlement with bond insurance company mbia. right now b of a is higher by 5g deal, at one point shares were halted as the markets were trading. bank of america, though, big mover. bmc software has agreed to be sold in a $6.ed billion deal, the investor group led by bain capital and golden gate capital. and take a look at bmc, 45.44. but certainly a stock to watch, kind of a mini merger monday i guess we could call it. i'm not going to call it that because i'm going to get to the floor show at the new york stock exchange, the cme group and, of course, the nymex. ben willis, our good friend, standing by at the new york stock exchange. let's talk about b of a and bia. it was a really kind of interesting deal. they're avoiding litigation, at the same time taking a 5% stake in mbia, ben. did you view this as a market positive or lack of better news elsewhere today? >> truthly, cheryl truthfully, i think we're witnessing investors few and far between. we're sw

money we had a financial crisis then he was stuck with the legacy assets and is blown and the bank of america moynihan comes in and they thought he was of a lark -- lousy ceo i was critical be was good as a lawyer dealing with the legal issues and basically putting a cap exactly on how much money they have to pay you have merrill lynch that is poised one of the great firms around in terms of the brokerage dealer was small investors you could leverage that and now that is what people are saying looking a bank of america i hear people talking about that over the next over 18 months liz: dick bovet says despite the run-up still more opportunity. >> he loves the banks and he touted citigroup but that said i have known him all long time and generally he does pretty good. but if you do believe the fed will keep printing for a while then the financial stocks has to go up. liz: charlie gasparino. get more on the twitter ipo. >> tried to book them ahead of twitter. liz: they have been on many times. thank you very much. this week we heard from some of the biggest names plus the best and the brightest

mike opened a merrill edge investment account and linked it to his bank of america bank account to helpme for the here and now. that's the wonder of streamlined connections. that's merrill edge and bank of america. yeah? then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. silence. are you in good hands? for aveeno® positively radiant face moisturizer. [ female announcer ] aveeno® with soy helps reduce the look of brown spots in 4 weeks. for healthy radiant skin. aveeno®. naturally beautiful results. >>> too many good b list celebrities to choose from. all right. give it to us. >> yeah. we have great ones. i want to start with our favorites here. kelsey ray. my adopted dad. his words, not mine. bill cosby. matt murray, just hanging with ron swanson. >> nice. >> we have one of our own clayton collins, throwback from 2007. >> did she write a song about him when they broke up after that dance? >> yeah. don't you think it's a pretty good sophie? >> i'm not going to say that word. >> and then the last one, thi

of this today. we had banks looking very strong as well. bank of america, citigroup, goldman sachs, wells fargo, those names are all moving higher. analysts that we spoke with say there is no fundamental reason for today's move other than good old fashioned momentum. we are not going to say it was our interview.

melissa: bank of america and wells fargo under fire from new york attorney general eric schneiderman.ocess loan modification requests in a timely manner and racked up hundreds of abuse, violating last year's national mortgage settlement. insiders say he is just really pressuring the banks to write down principle which they don't want to do. it all comes down to the power of money. i talked to fox business' dennis neil and doug burns, a former federal prosecutor on what b-of-a and wells can do when they're accused of completely ignoring the timeline they were charged to follow. >> you have to make the first distinction which this is notlas wrongdoing. it ace lawsuit saying you have not complied with this national mortgage settlement. apparently there was something like over 300 different rules havingr to do with things like missing documents, giving fair notice, not doing what is dual tracking, modifying the terms of a mortgage while simultaneously foreclosing. here comes the procedural wrinkle that is interesting real quick. in p the settlement itself you have to refer it to those mon

the suit claims the man bank of america should have done more because bank of america knew he was mentally. the lawsuit claims he gave luxury cars to two people he barely knew, including a $460,000 bam guinea. mercy -- lamb lamb begin -- lamborghini. a home contractor got that car and $600,000 in cash for work he never finished. he gave bank checks to complete strangers. blank checks. the brother is suing the bank and others for millions. we reached out to bank of america and haven't gotten a response. trial attorney david stone is here and live in "studio b." this guy clearly needed a little help. but is the bank supposed to help? >> the issue here, shepard, is going to be did the bank have a duty. for example, if you were drowning and i walked by, i would have no obligation to save you because i do not have a duty to you. i might save you because i like you but i wouldn't have a legal obligation. similarly, banks normally would not have an obligation to stop their customers from engaging in transactions. if, however, those banks had prior knowledge that those customers were mentally inco

lynch three billion dollars for insurance claims on bad mortgages that countrywide wrote but bank of america now owns both country why they want to settle the brother against brother sued bank of america is buying stock in m.b.i.a. and giving them one point seven billion dollars they're just one big happy family. give us more money and that's the message the ses the chairwoman delivered to the house appropriations committee today we talk a lot about mary jo white here and today is going to be no different we have a special profile of her later in the show she's been up to a lot recently taking on jobs act implementation in mind in money market reform so it stands to reason that as he she will need a bigger budget right all right let's get to what's in your time and jurist. they'll lead.

mike opened a merrill edge investment account and linked it to his bank of america bank account to help plenty of time for the here and now. that's the wonder of streamlined connections. that's merrill edge and bank of america. >>> the agenda has been held hostage by some of these so-called scandals. from guns to immigration, taxes, jobs, there is plenty that still needs doing in washington. perhaps the issue held the longest time in captivity is wall street reform. that's not because of any run-of-the-mill scandal. but finally, now there is a bipartisan group of senators trying to change this situation. led by sherrod brown and david vitter, they want to institute, wait for it. capital requirements. some of you remember those. one thing both senators insist, the requirements could actually prevent the next bailout. joining us is senator brown from the great state of ohio. you're not the only one who has been calling for this as a reform. you're in some pretty good company. take a look at this. >> down the roerkd three to five years from now. we should be thinking that way. we need to i

mike opened a merrill edge investment account and linked it to his bank of america bank account to helpup plenty of time for the here and now. that's the wonder of streamlined connections. that's merrill edge and bank of america. >>> of course as we gather tonight to present this award, our thoughts and prayers remain with the wonderful people of oklahoma. they have suffered mightily this week. and while the road ahead will be long, their country will be with them every single step of the way. eventually life will go on. and new memories will be made and new laughter will come, new songs will be sung. >> and music does heal the soul. that was the president last night at the white house reflecting on the lives lost in the tragic oklahoma tornado. it was during a night dedicated to music legend carol king. president obama honored king with the prize for popular songs for her five decades as an award winning singer/songwriter. billy joel, gloria estefan who sang "it's too late" and james taylor sang "up on the roof." the entertainment was so good no one wanted the president to interrupt. >

in the finance and insurance industry during his time in congress he received donations from bank of america corp the federal pac which by the way is headquartered in this district washington mutual pac countrywide financial gold and goldman sachs as well as market jacobson the co-founder problem and tory by his own words was a minute he didn't understand a focal point of the agency he's expected to head fannie and freddie issued two point six trillion dollars of mortgage backed securities as of two thousand and eleven which are derivatives and here is what he had to say about derivatives in two thousand and eleven. a lot of these arguments that i'm hearing today the same arguments that i heard about the rivets were allowed in north thing about derivatives i'm not sure i'm still not sure. do. not a trivial concern we hope you got a quick learner and addition we have this to say about bain capital can somebody explain to me we're soon to you're going to you know. i just. assume every bank. i mean i just don't have enough knowledge in this area. but will he understand enough to oversee the ban

mike opened a merrill edge investment account and linked it to his bank of america bank account to helpree up plenty of time for the here and now. that's the wonder of streamlined connections. that's merrill edge and bank of america. what that's great. it won't take long, will it? nah. okay. this, won't take long will it? no, not at all. how many of these can we do on our budget? more than you think. didn't take very long, did it? summer's here, so are the savings. that's nice. post it. already did. more saving. more doing. that's the power of the home depot. get memorial day savings, like 4 bags of miracle-gro® garden soil for just $10. [ female announcer ] from meeting customer needs... to meeting patient needs... ♪ wireless is limitless. >> investigators today are trying to find answers to what led to a gruesome attack in london. two men allegedly killed an active british soldier. there's one of them standing in front of the camera after driving their car into him and then stabbing the soldier with several large knifes or machetes. after that attack, one of the men approached the cro

now own country why they want to settle the brother against brother sued bank of america is buying stock in m.b.i.a. and giving them one point seven billion dollars there just one big happy family home gift of more money and that's the message that as these the chairwoman delivered to the house appropriations committee today we talk a lot about mary jo white here and today is going to be no different and we have a special profile of her later in the show she's been up to a lot recently taking on jobs act implementation in marinette money market reform so it stands to reason that as the she will need a bigger budget right all right let's get to what's in your prime interest. last friday the bureau of labor statistics release of monthly unemployed numbers which beat expectations one hundred sixty five thousand jobs were added to the economy and the unemployment rate.

mbia has been seeking damages from bank of america for failing to buy back ineligible loans the bank erica is down at a session low, but it's flat. mbia up 45%. >>> and we've had numbers out of hsbc today. they report a near dublg of first kwafrt either pretax profit. $8.4 billion just ahead of forecasts. the banking giants results were boosted by results in embarrassment charges in key markets in the uk and hong kong. they made hsbc the lead gainers. now up over 3%. at the same time, commerzbank had a net loss in the first quarter. the first still beat a reuters forecast looking for a wider 125 million euro loss. the german lender warned that full results could be undermined by pressure on revenues and a slight uptick in loan loss provisions. commerzbank up 1 is.2%. >>> societe generale has pledged to cut an additional 900 million euros in costs. falling shy of forecasts. since lender says the savings plan will help reach its return on equity targets of 10% by 2015. socgen up nearly 5%. >>> to the banking sector, cort has seen the results, rushed out and is now joining us. nice to se

bank of america, regents financial, morgan stanley among the ones he likes. guy adami -- >> u.s. orp. do i have to pick one of his? he's dressed in black for a reason. >> you're not picking one of his. >> no. doc's point, 52-week high. he's correct except the s&p is now effectively at an all-time high. so 52-week high is not that great, i guess. you look at u.s. bancorp, which is a bank that's on a four or five-year high. i get there's no beta in usb. but if you want somewhere where i think you're going to be safe and i think you're going to get some appreciation, u.s. bancorp is where to be. >> mike kuo, what did you see in the options pits in terms of momentum for some of these banks that are at multiyear highs at this point? >> it's really interesting. we continue to see people pretty bullish. and i think dick pretty much hit the most important point. it used to be we thought some of these banks were reasonable values at some multiple of book value and now of course many of them are trading at a discount and even those that are trading pretty much spot on like jpmorgan still ha

filing a lawsuit in federal court against wells fargo and bank of america for repeated violations of e massive 49-state bank settlement. we have told you a lot about the systematic abuses by banks including homeowners being wrongfully foreclosed upon. the practices were so widespread that 49 attorneys general joined a suit against the banks that led to a $26 billion settlement. in the grand scheme of things, that money is a cost of doing business for the banks. the settlement also set basic standards for the banks to meet to reform business practices going forward. lo and behold, these banks have flagrantly violated the agreement. according to the attorney general. anyone who has been following the banks over the last six years should not be surprised by that news. the big question is what will finally make them stop. joining me tonight in his first interview since initiating this enforcement action is eric schneiderman. new york attorney general. great to have you here. >> good to be here. >> so the banks engage in all these practices. there is this settlement. and part of the settle

mike opened a merrill edge investment account and linked it to his bank of america bank account to helpf time for the here and now. that's the wonder of streamlined connections. that's merrill edge and bank of america. this tree has deep roots, strong limbs... things are perched and not pinned. nicely done. the boys love it. they are up there day and night. well that might be because you overlooked one thing... what? it looks into your neighbor's window. ohhh boy. hel-lo, mrs. kozlowski. boys? i'm gonna get the hose. [ dennis ] home insurance with do-it-yourself tips? that's allstate home insurance. great protection plus helpful advice to make life better. talk to an allstate agent... [ doorbell rings ] and let the good life in. >>> well, it's time for your sports. more on a friday. with that, richard lui is leer. >> nothing mellow about carmelo anthony. the knicks rack up the points. indiana leads the series, 3-2. game six on saturday. >>> experience gives youth their walking painers. the spurs outshoot my golden state warriors. the spurs to the western conference fwinls the win. >>> d

closer to home, protesters are at the ready for today's bank of america shareholder meeting. police blocked off streets a day early as protestors began to arrive in charlotte, north carolina, near the bank's headquarters. they are demonstrating over foreclosures and the banks' financing of the coal industry. bank ceo brian moynihan will be speaking with sharehoulders about mortgage lawsuits as well as the future of the financial firm. bank of america shares are up around 7% this week. the debate over the keystone xl pipeline is not over. bloomberg reports brigham mccown, former pipeline safety regulator, calls this "the decade of pipelines." mccown says the debate will continue, and more u.s. companies will likely support the plan. the government is still undecided on the deveopment of the keystone xl, which would transport oil from canada to the gulf of mexico. enviormentalists argue the pipeline could make climate conditions worse. more americans may notice the effects of sequestration budget cuts when they go on vacation this summer. from north carolina to hawaii, national

according to the lawsuit, bank of america and wells fargo failed to respond in a timely manner to customers who needed loan modifications, increasing odds of foreclosure. the banks signed a $25-billion national mortgage settlement deal last year aimed at assisting struggling homeowners. the ag says there are 339 complaints. both banks are addressing the issue. shares of bank of america jumped 3% and mbia stock surged 45% after bac agreed to pay $1.7 billion for mbia's losses from countrywide. may 21st marks a critical day for jamie dimon. shareholders will vote on whether to strip jamie dimon of his chairman title. dimon has held both chairman and ceo titles since 2006. due to the bank's massive trading debacle last year, some parties have pushed for an independent chairman. jp morgan said it endorses dimon. billionaire warren buffett also offered his support for dimon this week. health insurance company cigna is setting up health exchanges in 5 states ahead of the requirements under health care reform. starting october 1st, cigna will sell health insurance in arizona, colorado, florida, te

banks. against the backdrop of angry protesters, bank of america's ceo brian moynihan told shareholders in charlotte, north carolina, the bank has turned a corner and is on the path to higher earnings. a few dozen demonstrators showed up outside the meeting. "bank of america funds coal to $3 billion a year, and i needed to speak out." "i'm hopeful, because there were so many speaking eloquently about the issue, that we were heard." protests were subdued compared to last year's volatile scene that ended with arrests. then there's jamie dimon, ceo of jp morgan chase, who will fight to keep his postion as chairman at an upcoming shareholder meeting. investors and regulators are criticizing his handling of a $6-billion loss. now the state of california has just filed a lawsuit against jp morgan alleging unlawful debt collection involing robo- signing. the sec is banning a former star on wall street from working with clients. philip falcone, who ran harbinger capital, is agreeing to a 2-year ban from doing business as an investment adviser. he will also pay an $18-million fine. however, he will not admit

bank of america. an extraordinary stock picker. it's a bottoms up analysis. then he does the macro over. >> thanks for spending time with us. brian shapiro, specialized performance advisory group. coming up on this special edition of the half, we're going to talk some tech. going until particulogle in par. have shares gone too far too fast? the najarian brothers are going to debate it. later, dr. doom himself. nouriel roubini will be here. he's got a bold call you do want to hear. it is an exclusive interview. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. >>> welcome back to a special edition of "halftime." live from las vegas, the belagio hotel. google at all time highs. the question now, can the good times continue. or is a pullback in the cards? th

. >> when you start getting some settlements in these private suits against bank of america. lawsuits and you want to buy bank of america. >> groupon will report this week. groupon says it was a groupon and -- never mind. adt. morgan stanley, sell the hold. >> morgan stanley has targeted the stock. they have been the main reason why they went down. they reiterated that they hated. i had the ceo on tonight and it has been a complete bow wow, and i think he will set us straight tonight. morgan stanley, thank you for this charitable trust and he had been relentlessly hating it. there you go. >> and speaking of relentlessly hated and suddenly people don't like his company and you know what? we'll flush it out. what am i going to say? thank you, buddy. >> when we come back, simon will tell us what's coming up on the 10:00. >> looking to pick up that relentless theme again. we'll talk about all of the things we learned about the fifth largest company in the world, it is berkshire hathaway and warren buffett and we will also talk television with the ceo at cbs corporation and he'll b

the new york state attorney general is planning to slap a lawsuit against bank of america and wells fargo over their recent mortgage practices. diana olick has the latest story. >> new york attorney general eric sneiderman said wells fargo and bank of america were in, quote, flagrant violation of the $25 billion mortgage servicing settlement. you'll remember this was the deal signed in early 2012. the result of so-called robo signing foreclosure paperwork abuses. now, the settlement signed by the nation's five largest banks including b of a and wells directs them to modify loans, forgive mortgage principal and improve significantly the way they treat or service their customers. specifically the banks must respond to customer applications quickly. sneiderman says that last part is not happening. >> this enforcement action, which is the first taken under the settlement, is based on 339 individual complaints from new yorkers against these two banks in just the last six months. >> ag sneiderman will be a guest on squawk box tomorrow at 8:00 eastern. the lawsuit comes as agencies are starting

mike opened a merrill edge investment account and linked it to his bank of america bank account to help time for the here and now. that's the wonder of streamlined connections. that's merrill edge and bank of america. starts with ground beef, onions and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. made with care, for you or your family. glass on floors. daily chores. for the little mishaps you feel use neosporin to help you heal. it kills germs so you heal four days faster. neosporin. use with band-aid brand bandages. 501(c)3 . >>> three sensational controversies, a 37 attempted repeals of the national health care law and $200 billion in deficit savings. it's friday, may 17th and this is "now." >>> what a week for congressional republicans. as the administration puts out fires at the irs and the department of justice, republicans continue to pour lighter flute on the scandalous week by bringing in their all-time favorite bogey man -- obama care. last night not 37th

economist with bank of america merrill lynch. >> i think both of those are pretty powerful forces in terms of gauging the improving sentiment in the u.s. economy. the data shows that the economy is continuing to heal and at a faster pace than what we had been initially expecting at bank of america. >> reporter: and that's reflected in the stock market. here's an intriguing number. the dow is up for the 20th consecutive tuesday. in fact more than two-thirds of its 17.5% gain this year has come on tuesdays. >> o'donnell: anthony, how much of the healing do you think is left for the housing market? we're up to 200 levels but remember the market didn't peak until 2006. from those levels we're actually still down about 28%. >> o'donnell: anthony mason, thank you. as anthony mentionedded, one place the housing market is booming is san francisco. john blackstone tells us bidding wars are underway and the combatants are armed with cash. >> so this wall has got to go. >> reporter: in oakland, california, sara mertz and her real estate agent patrick leaper are finally on the verge of closing a

of this today. we had banks looking very strong as well. bank of americacitigroup, goldman sachs, wells fargo, those names are all moving higher. analysts that we spoke with say there is no fundamental reason for today's move other than good old fashioned momentum. we are not going to say it was our interview. the market is too huge for that. let's get to our traders. let's find out, to what do we attribute such a strong game? the high is about 99 points to the upside. john. >> i think this kind of contributes to what we were thinking about last week. coming into this week, earning season is winding down. what was going to drive this market -- it is a headline market. no real headlines that are happening today, investors do not see the reason to hit the sell button. it tends to move higher and higher. it starts picking up steam. little by little, we are up 100 points. this is the same psyche we have seen over the last three or four months. i cannot pick out or anticipate a headline that will really derailed this market right now. we still talk about europe

mike opened a merrill edge investment account and linked it to his bank of america bank account to helpere and now. that's the wonder of streamlined connections. that's merrill edge and bank of america. if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. for many adults, humira is proven to help relieve pain and stop further joint damage. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections, lymphoma, or other types of cancer, have happened. blood, liver and nervous system problems, serious allergic reactions, and new or worsening heart failure have occurred. before starting humira , your doctor should test y

in just six months against wells fargo and bank of america for failure to comply with the most basic ns of the servicing settlement. melissa: love a good prop. that's the attorney general showing the hundreds of abuses meeking out a lawsuit against bank of america and wells fargo saying they violated the mortgage settlement not processing modification requests in time, but they say he is really pressuring the banks to write down principle. sounds good, but could cost you money, down to the powerf money, with me are fox business' dennis kneale, doug burns, a former federal prosecutor. what do you think of the case? they laid out a time line in the settlement for how quickly they responded, and he makes it clear saying they just didn't do it. >> yeah, basically, the first distinction which this is not a lawsuit on the merits for wrong doing, but a lawsuit for saying you have not complied with a national mortgage settlement. there was something like over 300 different rules having to do with missing document, giving fair noti, not having dual tracking, modifying the terms of the mortgage

proceeds to your state we'll have our own debate on this bill in just a bit also litigation a little bank of americaas settled yet another lawsuit this one is with financial insurance giant and the merrill was three billion dollars for insurance claims on bad mortgages that countrywide wrote but bank of america is now zero.

with bank of america deal, people didn't expect bank of america to take that stake in the company. that is what juiced this. it's hard for me to say up 15%, up 45%, buying a stock, i don't think you do that. you wait for some kind of pullback. it might take a couple of weeks for a pullback. >> that's exactly right. until this short interest which stands around 27% into today gets somewhere into the low teens to maybe single digits. this is a stock that can continue to go higher. we talked about it last night. jim cramer has been talking about it for months. rdn at $13 is probably still a buy here. >> the surprising trend precious metal dealers are seeing when it comes to buying physical gold. how one company's technology could be a game-changer in the fight against the most common cancer in american men. all business purchases. so you can capture your receipts, and manage them online with jot, the latest app from ink. so you can spend less time doing paperwork. and more time doing paperwork. ink from chase. so you can. the ocean gets warmer. the peruvian anchovy harvest suffers. it

mike opened a merrill edge investment account and linked it to his bank of america bank account to help free up plenty of time for the here and now. that's the wonder of streamlined connections. that's merrill edge and bank of america. would have most certainly been higher if they had not evacuated the hospital. i want to show you another picture that we've seen all over moore, oklahoma. these -- literally thousands of cars that were tossed by the twister, tossed like toys. >> unbelievable. msnbc's craig melvin has been in moore, assessing the damage. talking to many who have lost their homes and are getting back in to see the damage. the oklahoma insurance department now says that the preliminary damage estimates could top $2 billion. craig melvin joins me now from moore. craig, first of all, you had a lot of bad weather there already today and more is forecast. but it looks like it's cleared a little bit. what are people finding when they go home? >> the weather that you mentioned, just mentioned, andrea it's amazing the difference that two hours can make. take a look behind me, the s

morgan and bank of america the two big derivatives banks and their obviously huge depository banks they both have more than a trillion dollars in deposits they're using our deposit to support their derivatives books which amount to seventy nine trillion in the case of j.p. morgan and seventy five trillion in the case of bank of america. and the catch is that the derivatives claims go first in bankruptcy so that means they will take all the collateral and they won't just won't be anything left for either the insured or the uninsured depositors would want to jump in here really quick because we're almost out of time but obviously you know you're pointing out that this is a system it's a global system and it's not an but one they're going to be another gigantic financial collapse banking crisis that's going to draw worth the one that we saw last time and of course where the money going to come from is going to come from deposits just like we saw in cyprus ellen is there anything we can do to stop this i know that you're the president of the banking. public bank institute break down what th

dow jones, a report of a settlement of bank of america dispute. bank of america will pay mbia $1.6 million in cash and take a 5% stake in mbia as well. that stock now up some 42%. scott, back to you. >> all right. josh lipton, thank you. >>> biggest pops and drops. number one, tyson foods. simon, drop it. >> dropping it. miss eed earnings this morning y nine cents. problems with the beef distribution. can they make it up on chick snn. >> cliffs natural? >> cliffs natural, very careful here on the short side because 25% of the flow is short. this is a potential short squeeze. >> dr. j, what do you see on facebook? >> apparently on barron's this is a stock they smoke negatively about this weekend, scott. for that reason as much as anything else, it had a nice move last week. it's giving back a lot of that game going back into the $27 area right now. >> steph, talking about dollar general. >> i'm not quite sure of this stock this morning. i think they're just coming around that there's growth and earnings. that's better than the year and it's not expe