that gave the banks the basis for new lending. he banks would lend, sell securities, get the deposits, make more loans. that was adding to an enormous expansion in the money supply and availability of bank credit. the federal reserve was afraid that such an expansion of money and credit would lead to inflation. then, in june of 1950, fighting broke out in korea. a limited, but very costly war, it brought out the treasury-fed conflict. the treasury is part of the executive branch. the federal reserve is an independent agency, created by congress, with independence of the political pressures from the white house. in that sense, the treasury could not mandate instructions to the federal reserve. chairman thomas p. mccabe believed the fed's role was to restrain inflation. treasury secretary john snyder and president truman wanted the fed to help finance the war. president truman, in his memoirs, described the experience he had in 1917. he bought liberty bonds. he didn't know, and most people didn't know, that those liberty bonds, certa

it is a big evening for banking news. the federal reserve coming down hard on a number of financial institutions. barring them from increasing their dividends or buying back their own stocks until they have enough cash on hand to withstand another big financial shock. citi group is the biggest bank that got its capital return plans rejected by the feds, sending shares lower initially in late trading today. the decision is a blow to the bank and marks the second time in three years that citi group has failed to win the fed's approval for its plan to return money to shareholders. kalya touchey joins us now. kayla, i would think an awful lot of citi group shareholders not to mention shareholders in other banks are disappointed tonight that the capital return plans that they might have been expecting on five years after the crisis are now up in the air. >> they're saying fool me once, shame on you. fool me twice, shame on me. a lot of these investors believed former ceo in 2012 when the fed rejected that plan, and he said thi

central banks around the world on the steady rates of decisions on thursday new zealand central bank raised interest rates by twenty five basis points to two points and five percent taking the lead amongst developed nations and tightening monetary policy to try to ease inflationary pressures. the move is in line with expectations the rb nz says it sees stronger moments and economic expansion to raise its economic protection to three percent for twenty fifteen the loss of korea's central bank kept interest rates steady at two point five percent for a tenth straight month as expected the decision came as the country on as a slow domestic economic recovery and its low inflation the wall indonesia's central bank is also slated to release its own policy rate decision later on today central bank over and tunisia is also expected to keep its key interest rate steady despite the recent trade deficit as the country's inflation paste declined this year while the country's currency to apia. i spent it. an older defend the country's core machinery orders increased in january at the fastest pace

know what thet to thinking is in terms of .ecurities and ecb i covered the european central bank news conference last week, backing away from canceling the sterilization program. currency. mr. draghi himself talking about the hit that the value of the euro has had in terms of inflation. we will cover that conversation. the conversations about china's someone here had talking about trading saying that data is not trustworthy. it is a tough call and has real implications in terms of the whole. >> thank you. we're are looking forward to that conversation. manus cranny live. let's turn our attention to the ukraine. russian forces have advanced. joining me now is ryan chilcote. a lot of people are saying this referendum is unconstitutional. >> they do not think so. they are consolidating their control over crimea. they are establishing supply lines. they captured a border crossing point which allows them to move whatever they want into crimea. they're setting up their front. they are digging in, laying mines, setting up what will become a de facto border between ukraine proper and crimea.

we have some breaking news out of the european central bank. to do anything with interest rates and have cap that on hold. newse waiting the conference with mario draghi at 8:30. news too. company >> we start with ibm. workers in china are striking. more than 1000 employees walked off the job in southern china. they objected to terms of their transportation will lenovo. the financial times reports that production has been suspended during the strike. walmart is slashing prices on smartphones. --italaxy s4 was dropped is now $119. the new prices are fueling talks of another iphone release in the spring. something to look ahead to. eric schmidt says that robots will become present in our lives. he says that they will eventually replace a lot of repetitive behavior for humans. he was speaking at a conference in california where he was asked about staying competitive. >> apple is a well-rounded company. i'm sure what ever issues they are facing they will solve. google, it is at a founder run company. brilliant founders. there is a commitment to exce

the bank also made decisions on where in its books to credit the net new assets. n the various regional areas of the tribe at bank. particularly between two regional areas, switzerland and the american region. recently you have told the subcommittee that credit suisse has initiated an internal investigation into its net new assets process and this is the crosses which i hope you would agree should be objective and should produce accurate financial figures to the public and to investors. is it correct first of all the bank is looking into the possible influence of business people on the net new assets process? >> that is correct mr. chairman. as we have informed your staff we are looking into 2011, 2012 and in a few months or weeks we will report back to the staff. >> is the investigation rigging the net new assets, is that investigation something which stemmed from client five assets or is it rather? >> it will be broader. i think we want to look at the area for the two years that i mentioned before. >> you told the sub committees that the investigation has identif

will be tougher if the victim is under 18. >> a consumer alert for chronic .ver-drafters bank of america has a new account to prevent drivers -- overdrawing. customers will do all of their banking electronically for a monthly fee of $4.95. for thenline lottery white house easter egg roll will remain open until 10:00 a.m. on wednesday morning. tickets are free, but they are nontransferable. it is set for monday, april 21. >> seen the video of sunshine gets me excited for the weekend. >> and the spring colors. >> cannot wait. >> the weekend will be nice. today isgravity, -- cloudy, gray, and chilly, but not too bad. overall, pretty quiet. let me get you started from a time lapse from our weatherbug virginia,rate falls, at the riverbend golf and country club. snow-covered green. this is high point, north carolina, where you can see all of the ice and the snow. it is quite beautiful at the university. they have already seen about one .5 inches of ice. it is a little messy. for us, not bad. we stayed relatively dry all day long, but we are starting to see over of light rain southern st. mary's county,

banks with major u.s. operations. the fed rejected new dividend increases and stock buybacks for citigroup, and three foreign banks. hsbc north america, rbs, citizens financial and sand tappedder. did, santander. the fed rejected capital plan for psy on's bancorp is only one that failed the fed's stress teslas week. zion's. goldman saks, jpmorgan chase, wells fargo and bank of america. goldman and b-of-a just resubmitted plans in the last week to meet one key financial ratio demanded by the fed. they will be returning less to shareholders than they originally proposed fed officials said. to be clear the fed did not reject the plan for citi and three foreign firms for lack of capital but rather for qualitative subjective reasons, such as risk management and risk measurement practice. the fed said citi was weak to project revenue and losses in its global phrase only zions did not get approval among those five because of weak capital. the officials that got rejected, have 90 days, must within 90 days resubmit their capital plans to the fed.

protect taxpayers from bailouts ireland went bankrupt in 2010 because of the costs of bank rescues. bloomberg news report-- merrill lynch was nearly $60 billion dollars off when it told the irish goverment how much it would cost to rescue its banks in 2008. a day after selling its physical commodities unit, jp morgan chase is named the most profitable commodities investment bank. j-p morgan had the largest revenues of any investment bank in the sector last year. the bank sold its commodities arm to swiss firm mercuria in a $3.5 billion deal earlier this week in the face of a settlement with u-s regulators over market manipulation. jp morgan stock traded near a 14 year high thursday. in our ipo watch this morning...shares of a cloud- based financial services software company-- are sky high. q-2 stock soared 15% yestesrday in its debut on the new york stock exchange..the ticker symbol is q-two burn treatment maker mediwound is off to a healthy start. shares rose 23% thursday, trading under ticker:mdwd. while drug maker ah-key-bia therapeutics shot up 57% in its ipo.the ticker is akba. the health car

offaling and professor at harvard and sitting on the economic advisory council in the federal reserve bank in nework. we got this news of, something of a slow down in china and we have had the evidence that things are not solid there and now, yeah this is a slow down. whoo are we worried about this? >> china is accounting for half of the world growth and not feeling that directly as much in the u.s., but brazil and turkey, china is the game as much as the united states, and the place where everyone thought nothing could happen. so china were to slow down marketedly, it would catch a lot of people off guard and shake up the markets. >> we have seen a t lo of years of growth in a china and we saw that in japan. that does happen. are you thinking this is the beginning of the end of the massive growth in china or just a slow down? >> that is hard to say. we saw it in russia and japan and especially the countrys that build the infrastructure, it is looking great, the trains and bridges and you need the other stuff to come in. so china can it continue to grow at this rate, 10% plus and now at 7%, no, i

but if you don't have that play out, then stocks such as bank of new york, which has not restructuredlnerable to having lower stock prices. i'm going to bank of new york's annual meeting. >> i'm sure they're delighted. >> to ask basic questions. it's been six years since your merger to form bny mellon. why do you have the lowest margins in your peer group? and i'll go to citigroup's meeting and say, good start with the restructuring. but what have you done for me lately? i have a whole list of questions. but asking polite questions but pertinent questions. >> i hope you come back after you go to those meetings and tell us how it went. mike mayo. let's trade the bank stocks here. tim? >> mike talked about the yield curve. this is the other part of the story i was looking at. if you get rates going back to 3 1/2, i think you can get by the early part of next year, 2015. money center banks make a ton of sense. go back to valuation. certainly, bank of america, at 0.8-times book to me, that's where you want to be. jpmorgan, these are the trades that make sense. >> karen, ccar results are o

the news continuing to break about banks and their ability to raise dividends and payouts. kayla? what we call the super regionals. these are not the giant banks, just a slight tier below them. nonetheless the stocks are on the news. capital one based in virginia has announced it will keep his dividend as is but increasing share buyback program to $2.5 billion. that's moving the stock by 1.25% after hours as investors are finally seeing some buybacks over capital one. pnc based in pennsylvania said it will increase its dividend in the second quarter. it hasn't said by how much it will increase it, only that it will seek an increase then, and that it will be buying back up to $1.5 billion in shares over the four quarters starting in q2 there. u.s. bank corp from minnesota said it will increase its dividend. not saying by how much but it will buy back $2.25 billion in shares. so u.s. bank corp investors will like what they see there as well. as for what we have already seen, morgan stanley shares moving up sharply on news that that bank will now finally start to buy back its shares d

policymakers at the reserve bank of new zealand increase the rate by zero point two five percentage points to two point seven five percent they had kept the rate at a record low of two a half percent since march two thousand and eleven. there was a month after the quake devastated the southern city of christchurch. the center bank officials said they had tightened their grip on credit because the country's economy has been picking up steam. they also noted that inflationary pressures have been increasing. busy lives economy has been growing due to brisk exports of dairy products. instead the post quake reconstruction efforts they said inflationary pressures are likely to remain strong over the next two years. and i each a life insurance one of japan's major insurers by sales says personal data on about forty thousand customers have been misplaced but so far no abuse is reported. executives at dai ichi revealed that the life insurer last two magnetic tapes that store the names and or says illnesses and medical records of customers. they say they discovered that two tapes were missing during

we will talk more about the european central bank and the bank of new england -- and the bank of englands well. ♪ itrussia is aggressive and is not in accordance with international law. we call on russia to withdraw their military troops. it has always been a discussion. we ended this very clearly and we now have to react if we do not see a de-escalation of the conflict on the russian side. >> that was sweden's prime minister at last night eu leaders meeting on ukraine. david tweed talked with several of those in attendance. we will hear from several on the morning here on -- in the morning here on bloomberg. this is "countdown." >> we are back with currency strategist neil mellor. we were talking before the break about the fact that the euro has seen low volatility despite the crisis taking place in ukraine. let's turn our attention to the pound. we have seen a lack of volatility in the pound. is that specifically cable? talk us through what is driving a. is part andhink it parcel of the leveraged plays. picking up pennies in front of the steamrollers is the accepted phrase. currency an

bank cog vowing to topple the government. egypt's interrupt president has sworn in a new government. lineup has 20 ministers from the old cabinet, including defense minister' del sisi he's widely expected to run for president this years a live look at preparations for the 86th annual academy a wards in los angeles. in just a couple of hours fans and stars will be arriving there for hollywood's biggest night. talk show hold ellen degeneres is hosting. favorites including american hustle, graph reu and 12 years a slave. those are the headlines think i am jonathan betz i will be back in an hour with more news, but up next the documentary toughest place taxi driver starts now for updates all day go to al jazerra doll come. have a good day. taxi driver to join the taxi wallahs in the indian megacity of mumbai. >> whoa, whoa, whoa, whoa, whoa. big bus, big bus, big bus. what have i got myself into here, eh? >> he'll have to come to grips with some unusual driving conditions... >> jesus. >> too much problem if you are

bank. those were the top stories today. granting newlly the responsibility of a country's central bank. but in india, the election commission is getting involved. gimme an idea what the connection is there. down --e hunting counting down to elections, less than two weeks away. the government cannot i go ahead and announce any policies. the finance minister has clarified that it does not apply to banking licenses which we expect to come out this week. the election commission will really talkay and about its own view as far as granting of banking licenses. we are watching out for about 25 [indiscernible] which are on the radar in terms of the new bank licenses. it is something that has been put off by the government. but we are watching out for a lot of names on the radar. -- let me quickly run you through one. finance.t lnp some of the unusual names on the radar as far as finance , expecting some sort of announcement. i will come back with you on more than -- come back to you with more on that. >> let's take a look at shipping. the great

banks to securitize them. for example, when spain did was a new financing load -- loan. it eased the bankruptcy process and protected creditors, facilitating securitizations. this makes it easier for banks to issue come with more legal characteristics -- banks to issue with more legal characteristics. if you are investor and buying mpl and italy, you know you are getting your money back and five-10 years time. the return goes down a lot and you are demanding a lower price. the bankruptcy framework needs to be cleared and facilitated by governments and the securitization loads need to be leveled over the european state. that is what needs to be done in order to do credit easing. >> it was great to have you with us this morning and thank you so much for coming and giving us the latest there. the head of european macro credit research. injuryctronic cigarette that industry is on fire, if you did not know. fire, ifry is just on you did not know. we have the patent war next. movelcome back to on the on bloomberg television, streaming live on bloomberg.com, your tablet, your ph

criminal probe over money laundering for citi to disclose earlier this month. >>> and a new report suggests wall street banks will shift around half of their support staff from pricey cities such as new york and london over the next decade. consulting firm johnson and associates says today around half of workers handle back off workers in locations. big banks have been more aggressive in shifting staff in recent years due to profit pressures. >>> malaysian authorities are set to hold their latest press conference with details of missing flight 370. what brings the latest details, it comes, of course, after reports suggested the american press that the plane flew on for a few hours after losing contact. we'll see whether they say anything about that. also still to come, the u.s. says it's releasing 5 million barrels of oil from strategic reserves. what's behind that decision? we'll have the details. ♪ [ male announcer ] this man has an accomplished research and analytical group at his disposal. ♪ but even more impressive is how he puts it to work for his clients. ♪ morning. morning. thanks for meeting so earl

he previously worked for the federal reserve bank of new york and considered by many to be one of america's economic us. thank you for being with us. guest. >> thank you, sir, what did you make of this. was there anything that janet yellen said today that you weren't expecting or that surprised you? >> i'll tell what you surprised me and probably set the bond market back. that's when she said even after unemployment gets down to our goal of near full employment we're still going to keep this funds rate relatively low. we may not raise it even then. that could suggest to investors that the fed two years down the road is going to be behind the curve. they're going to sit on this low rate too long, and eventually it feeds back on inflation, i think that's one reason why the bond market sold off. also, this is condition fusing because the forecast, raised their forecast for the federal funds rate of 2016. she said don't listen to them. listen to me. >> they put out a chart. a lot of people looked at that and said the rates are going up. later in the show i'm going to talk about how you make mon

study 13% of banks may be unprofitable simply because they had to hire that new compliance officer to deal with the burdensome dodd-frank. what can the banks do to protect the banks other than asking us to do our job? >> so we have tried in all of our rule makings to tailor regulations so that changes that are really meant to reduce systemic risks, that these banks don't contribute to, that we're not burdening them. i mean, we have thought it appropriate that even community banks have appropriate capital and appropriate quality of capital and so there have been some new standards that have applied to community banks, but what i can pledge is that we will, in all of our rule makings, do our very best to minimize burden on community banks and listen very carefully through the contact of the community banks to understand what the burdens are and to minimize them. >> that report just came out and my time is up. i have more questions i will submit for the record and one thing i would like to say i hope you will consider. yesterday it was reported that china central ban

the police office is >>> san francisco is the new bank robbery capital of the world. for decades southern california topped that list. their numbers have dropped so much in the past few years and san francisco took the years. 230 years, the city had, and they think it might have to do with security enhancements. >>> a nice weekend starting off the first week of spring. temperatures in the 70s in the inland locations. 74 today in antioch. san jose, 70s, 60s by the bay. we have a similar set-up for tomorrow. a live view looking down at the bay bridge. notice fog beginning to drift in from the ocean and that will fill into the bay for tonight. we'll see clouds thicken overnight tonight and to the north bay valleys. temperatures starting out sunday morning, look for low 40s, east bay valley, same for the north bay, and cooler in santa rosa, near 50 bayside. for the rest of the day, look for lots of sunshine after those morning clouds and nice temperatures, warm for the afternoon, upper 60s bayside and mid-70s inland. we have rain coming up in the forecast and we'll talk a

and the new york city festival benefits the food bank in new york city. and share our strength. 100% of the benefits go to them with over $8 million to date. >> hospitality is a word that encompasses hospital he not only at your table but someone else's as well. >> we bring pleasure to people's lives. it when people wake up, what do they do? they talk about what they ate dinner last night. at lunch, they talk about where they are going to eat that night. i think there will always be a place that our festival. >> i want to ask about one particular chef. paula deen. she will be opening a brand-new restaurant and chose your festival in miami beach in south beach to kind of make sure that people were aware of this. what do you think about this? she was in movies at one point. she was in elizabethtown with orlando bloom. >> what do i think about her comeback? not surprising. friend.ig fan and dear she needs to work like everyone. i think that she went through a rough time and she made some mistakes. at south beach, she said, if i offended you or because i offe

obama making appearances at the us congress and spending time with the heads of the imf and world bank. the new prime minister in ukraine is the ims manning key out and that's how it should be viewed. that's been his track record for the last ten years on he's wasn't in the bidding of the imf the world bank the german banks in other words is a point or proxy on the same forces that want to integrate the new ukrainian to be you not for the benefit of the ukrainian people. but in order to make money arguably dragons played right into the west's profiteering us dies of an honest attempt to help. is this a shot at rt washington dc. twenty seven scoring russia to stop supporting crimea as the republicans passed a vote on independence from ukraine. the group says it will recognize the results of the referendum russia there was a senior to the play is set into the events which ruled the former opposition to power and investigate alleged crimes. the boycott has the story. the truth and in adelaide. aiden's have called on iraq and it isn't all that sixteen is this a test of the ukrainian on a saturday a

bank. >> reporter: new fed chair janet yellen appeared to spook markets today by saying that it would be around six months from when the fed ends its quantitative bond easing program to when it starts hiking rates. here's her comment about the "considerable period" between the end of qe and the first rate hike. >> the language that we use in the statement is "considerable period." so this is the kind of term it's hard to define, but probably means something on the order of around six months. >> reporter: did she really make news there? the cnbc fed survey shows that market participants expect qe to end in december after the first rate hike to happen in the third quarter of 2015. that's around six months, give or take a few months. the remark overshadowed more dovish comments in the fed's statement to which the federal reserve said that even when the economy returns to normal, interest rates won't return to normal. they'll try to keep them down to try to help the economy even then and that they will not raise them quickly. >> in the sense of meeting our objectives, the stance of policy th

obama making appearances at the us congress and spending time with the heads of the imf and world bank the new prime minister in ukraine is the ims many key out and that's how it should be viewed. that's been his track record for the last ten years on he's wants to do the bidding of the imf the world bank the german banks in other words is a point or proxy on the same forces that want to integrate the new ukraine into the new not for the benefit of the ukrainian people. but in order to make money. arguably track is played by the west's profiteering us dies of an honest attempt to help. is this a shot at arts in washington dc. all told washington is offering its also promised ukraine and begin to lose in eight the branches of foreign ministry has pointed out that she doesn't taste the snow america's foreign assistance and funding is from a financial lifeline to the government has the feel of the pie was bought and paid trends and missed joe since he told us this is the last time washington has broken its own will. let's not forget that the united states still approved a one point three billion

he was to know what the central-bank at new about possible manipulation and the foreign currency exchangeo bank said they found evidence of collusion. securities exchange commission has started a pro. bank of japan has maintained a record easing. japan is facing a sales tax a bump next month that could trigger the contraction since march 2011 earthquake. today is of the third anniversary of that disaster. ukraine defense ministry is testing the combat readiness as the crimean region gets closer to a referendum on joining ukraine. they said there are close to 20,000 troops in crimea, those are russian troops. the prime minister meets with president obama in washington tomorrow and the world bank said it is really -- ready to give $3 billion in aid. welcome to "countdown." i am mark barton. >> i am anna edwards. our attention to the crisis in ukraine. russia is planning a outer .roposal to the u.s. solution ryan chilcote will give us more details that could be a diplomatic solution. >> it could be. that is quite striking. the u.s. and russia have been exchanging ideas about a way out of the

a concept of a national infrastructure bank isn't new but pro* proposals to create one are gaining tractionaw makers, am see spoke with kevin from the center of american progress a progressive think tank focused on policy and asked why now is a good time to turn the idea in a reality. >> for far too long we have under invested in infrastructure and as a result of that, we see this tension between the need to expand our system to meet increased travel demand, growing population, increased international trade, and so governors and many state departments and transportation face a paradox of need to go continue investing in the old system to insure it's in a stated good repair but also need to go make the critical new investments so that they can continue to grow their economy and provide opportunities for their citizens. >> all right. and i guess the ink you here, kevin is that if you don't have the money to start with, then you are not doing the maintenance you can't get our your hid around the new stuff. the analogy is if you don't have money to fix a knew leaguing prove and you get a new bo

that is not good news. >>> bank of america offering a new techless account which protects consumers fromees for a price of nearly $5 a month. however there is skepticism about the service since anyone with a bank account can turn off overdraft without having to pay a fee. >>> price of gas is on the rise, according to "the lundberg survey" of fuel prices. the cost of gasoline has risen 10 cents over the past two weeks. >>> fans of the hbo go series, "true detective" not happy when the online streaming service crashed right in the middle. series finale. the incident had fans renaming the online service, hb no-go and that is no good. comcast plan to invest hundred of millions of dollars in theme parks in order to boost revenues. the telecommunications company gaining control of theme park chain universal studios in 2011. that is today's "speed read." [buzzer] liz: one of the world's largest bitcoin exchanges. not today. after imploding in its home country of japan mt. gox turned around filed for u.s. bankruptcy so it can protect itself from people suing. david: what does that filing mean fo

a new way to bank. a better way to save. ally bank.s an ally. improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we'll raise it yet again. iwe don't back down. we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com liz: break out the popcorn and the milk duds. disney and imax announcing today they're teaming up for the release of some potential disney blockbusters including two highly-anticipated marvel films. "captain america the winter soldier" and "guardians of the galaxy." with us a fox business exclusive. greg foster, ceo of imax entertainment. the avengers too, greg? this is amazing? >> hi, lies. it really is. it's a blockbuster deal with block

banking. from the 1st of august 2014. chaffic is the neweputy governor responsible for markets and banking. they did announce this. >> this is terrific. these are great choices. ben joined the mpc live is a first rate economist. he used to do the data on the uk economy for goldman sachs. he has very creative ideas about how capital problems have affected productivity in the uk. he's committed. he'll be a great choice to succeed charlie. terrific uk public servant, had one -- which the department of international development here in the uk has distinguished herself in great form in the imf. makes a lot of sense for the uk to bring her home. those are two very strong choices. and i governor governor carney and the chancellor a lot of credit. >> i guess that means fisher may be leaving. >> that's up to him. as with paul tucker, there are individuals involved and you decide. paul fisher has been a very dedicated public servant to the bank for a long time. he'll make his choice of no charge of opportunities. >> all right. so that's the latest an

with her from us president barack obama say that washington is imposing new sanctions on further russian individuals and the bank part of that new list of individuals includes not a stage of the state duma speaker that's the lower house of russia's parliament as well as the head of the presidential administration in russia is of course comes out as a rush to take spring yet to be part of its own territory. this is just yet another step from the united states. in terms of not taking action on to respond to what it considers to be in a legal process this is what the us president set aside a new executive order today that gives us the authority to impose sanctions not just on individuals but on key sectors of the russian economy. this is not our preferred outcome the sanctions would not only have a significant impact on the russian economy would also be disruptive to the global economy a new us president obama signed an executive order that means that we provide the west with the option to impose sanctions on high key sectors of russian economy and we do know that the sectors in question are energy financial servic

new plan. our italian banks stronger than investors give them credit for?> my answer is yes to that. >> is there an italian discount? >> banks are doing what they ought to do. we will havefrom them. urprise fromave no s them. the big banks are fine. >> stay right there. we are going to switch gears. ryan chilcote is on the ground in moscow. what is the sentiment on the ground? we are still in these negotiations. sanctions and how much pain they will impose. and theow much putin kremlin are concerned about those sanctions, getting kicked out of the g-8. they are doing a good job pretending they are not. putin is meeting to discuss the far east of russia. yesterday, he was at an awards ceremony passing out medals to artists and actors. business as usual. crimea is now part of russia and they have moved on. they hope this whole thing with the west will blow over. the main action today is in ukraine. the imf has just wrapped up their fact-finding mission. we are expecting an announcement today on aid for ukraine. i just got off the phone with the ukrainian econ

so do you make the move out in the banks and financials to be a this is good news for them because higherter net interest marge snin. >> look, you get a ten-year that's a 2.8 and suddenly everyone's going to rerate the banks right here, particularly because we're about to have a whole new group of -- remember, the banks are up against some tests from the federal gooft, and the tests are going to say listen, you can return money. certainly a lot of these banks have been waiting to return money to shareholders. you've got a unique situation where people have been holding off waiting to see a little inflection on the curve. they get it today and they say this is our chance to bite most undervalued group in the market and they're piling in. i think that's day one of that group. that group has been horrendous. i think money returns to it. >> for the market as a whole i know, jim, you've been out there and even you've been showing signs of a little nervousness with regards to how the market has been acting. we're very, very close to those record highs. i think even though we're slightly down to

bank. they lost 600 and over $400 million was stolen. $480 million inbitcoins. these to be you could trade the good news trust. the early adopters are confirmed on this and if you ever had it have a bank you're probably going to get what you deserve. >>: we will wrap up with one final question from a viewer. -writing if i'm in debt should i avoid >>: everyone should be ma and managing their 401k. >>: >>: thank you as always. if you want to find out more at our web site kron4 dot cam you can reach rob up through the platform. >>: telling the truth and living it. so the much drive? >>: 2007 passat. >>: well that's sexy. >>: coming up on city is looking to attract google bars. again live look outside here at the san mateo bridge we will be right back. [son] she has no idea. [man] no one told her,right? [son]hi! [mom screams] ♪ [ male announcer ] spring is calling. save 25% when you buy two scotts fertilizers -- one to use now and one for later. >>: new this morning. some california girl scouts getting lesson in how to spot fake bills. after some crooks paid for their cookies with counterfeit cash. these gi

move on. >> should point out some other banking news, of course, bank of america we will report newsin the last 24 hours. a big settlement there with fannie mae and freddie mac on the long-standing issue of put-backs and the quality of mortgages and representations of warranties. >> and for kennel lewis personally. >> how do you like that? >> and meryl lynn of whirill ly fascinating. >> ten years without being a public officer. >> many would say the merrill deal there were perhaps things that should have been told to shareholders about what was going on, programs they didnerh have the full amount of information due them and we wondered about the big price when merrill might have been out of business a day later. but countrywide is the one where you can't ever excuse mr. lewis. >> countrywide is what destroyed that company. hey, by the way, i think merrill is having part of the resurgence of bank of america is merrill doing quite well. >> and country wide is where the latest settlement with fannie and freddie comes from $5.3 billion or more. >> is this really it? my trust owns it and

investors are most concerned about whether the group that i appreciate the results the central bank says the new policy has no direct relationship with your in the future. sometimes the congress. we don't lead to the gumbo limbo the vr makes a great us dollars is currently around at the parade. she can experts say that judging by the current situation the r and d doesn't show any sign of huge appreciation the same time because china is actively controlling his financial risks and the lord for deserve your duty is not likely to break the tp she'd either. this indicates that to wait for tuitions could become the norm of the future all saudis are trying to change the perception that the un was a certain one way bet. to see cctv. big weekend in china and china on sunday on the open when i say some classic the twenty fourteen to twenty twenty people in critical but an actual new type of a dissection class has a system known as the smith to cds in an orderly not out of my targets have come to bed then does this make up sixty percent of the population by two thousand and twenty. also at that time great

union bank. >> "bbc world news" was presented by kcet los angeles. captioning sponsored by macneil/lehrer productions >> ifill: there were reports today a missing malaysian jetliner might have veered far off course at the time it disappeared, adding to confusion over what became of the plane, and the 239 people on board. good evening, i'm gwen ifill. >> woodruff: and i'm judy woodruff. also ahead this tuesday, crimea took further steps today to plot out its break-up with ukraine, while parts of eastern europe, wary of moscow's next moves, showed off their military ties to the u.s. >> ifill: plus, the brutally cold winter hit the midwest especially hard. we venture out to witness a rare sight: the great lakes encased

new york's chief banking regulator asking questions about yet another mortgage servicer. the stock is active. department of financial services supervisor dbenjamin is here. smoke them or ban them? e-signature e-cigarettes with the names that should be in your back pocket. we are trading the action today with john, murph, weiss, and josh. and also with us the brian whose bmo capital chief market strategist. we do begin with the markets which are coming off their best day of the year. broad-base run that has so many. different areas hitting new milestones. murph, you can look at the russell keeps rising, industrials po tive for the year. go down the list. it's broad based around in large part it's been good. >> it has been good. you mentioned something earlier, scott. you said what can derail this? it's talk like that. right now this market is climbing the proverbial wall of worry. there's still a lot of doubters in this market. what i think is going to stop the market is when you get an overly bullish sentiment. i don't think we're anywhere near there. you still have a lot

banks that know how to give customers an extra service -- let's say, td bank in new york. am a customer. i have a few other bank accounts. but they are open longer hours. they seem to care about being there for me when i need convenience. person?u really need a for deposits, you just the wood on the iphone. >> that is the big thing everybody has been saying for the past 20 years that has been wrong. everybody has been predicting the demise of the branch. >> to bring it back to amazon, to me, again, it shows pricing power. we will talk to a guest later about it. why can't they go up $50? they have to test the market. >> but they don't want to turn away potential prime customers. they already captured the high-end, and there were surveys that showed most people would hang onto their amazon prime membership even if the prices went up by $40 a year. >> and the only went up by 20, so they hang in there. >> we will talk about it the next hour as well with someone who is very well-versed in the art of pricing. it is a dark art am a when it comes to pricing. >> a dark art. fu --er

he wants to know what the central-bank new about possible manipulation and the foreign exchange marketid they found no evidence they were in collusion. has startedernment a probe. bank of japan is maintaining $67ng and will expand by billion a year. it is facing a sales tax a bump next year that could trigger contraction since march 2011 earthquake. today is the third anniversary of that disaster. said it isistry testing the crimean region gets closer to a referendum on joining a russia. they said 20,000 russian troops are in crimea. the prime minister will meet with president obama tomorrow. the world bank said it is ready to give the last $3 billion in aid. >> welcome to "countdown." i am mark barton. i am anna edwards. the search for the missing malaysian airline continue this morning was ships and aircraft from nine countries combined their efforts. it has been more than three days since it disappeared off the radar. haslinda is in there. what is the latest? day three, more than three days and then you mention about nothing so far. still a mystery. research has been expanded. is to

union bank. >> "bbc world news" was presented by kcet los angeles. (george chattering excitedly) this program was made possible by: can fuel a lifetime of learning. abcmouse.com early learning academy, proud sponsor of pbs kids and curious george. abcmouse.com early learning academy, are designed for kids to be as active as their imaginations. all she knows is that, today, purple is her favorite color, and that's good enough for us. stride rite is a proud sponsor of "curious george." at houghton mifflin harcourt, we believe reading opens new worlds and inspires curiosity in learners of all ages. we're proud to sponsor curious george on pbs kids. funding for curious george is provided by contributions to your pbs station... ooh. ...and from: (lively drum intro) ♪ you never do know what's around the bend ♪ ♪ big adventure or a brand-new friend ♪ ♪ when you're curious like curious george ♪ ♪ swing! ♪ ♪ well, every day ♪ every day ♪ ♪ is so glorious ♪ glorious ♪ george! ♪ and everything ♪ everything ♪ ♪ is so wondrous ♪ wondrous ♪ ♪ there's more to explo

bank. >>> "new york times" says the mastermind of the 9/11 attacks says the son-in-law of osama bin laden had nothing to do with al qaeda's military operations. the statement was made by khalid sheikh mohamed, used in the trial of the son-in-law. his lawyers are scheduled to begin their defense in new york on charges he conspired to kill americans. >>> and "usa today" says colon cancer rates dropped in the past decade for even over the age of 50. a report just out this morning by the american cancer society credits colonoscopies with helping the cancer rate fall 30%. >>> and the "chicago tribune" says a murder suspect is in custody after a standoff with police for more than eight hours. joseph andrea felton crashed, and police surrounded him. he is suspected of killing his wife. >>> and it's 7:19. ahead on "cbs this morning," the u.s. navy team searching for flight 370 with its most ,,vanced plane. . >>> happy st. patrick's day. it's monday. we currently have it temperatures in the 50s. 56 degrees in san francisco, low 50s in the eastern part of our bay area. vallejo now at 50. it's in th

shares of fannie mae and freddie mac tumbling after senate banking leaders announced plans to eliminate companies ask a new bill that will do it men's wearhouse reaching a deal to acquire joseph a bank. a 56% premium to joseph abank share price when this started. u.s. military present on russian border is being increased, as many as 12 if/16 arrived in poland, deficien defense department, saying this was a preplan exercise. guided missile destroyer, remaining only one in the black sea, and 6. >> and on the ukraine border. all of this disci'spite despite a new few research show -- pew research shows, 56% say united states is note get involved. general, by just about 60% people say don't get involved. this administration is going in the opposite direct, is it not? >> they are. but i think they are doing the right things. it was probably same percentage when hitler took over the ryan land. then he took over austria, then over -- then americans did not probably 80% did not want it, i am concerned with what is going on. i think nato must show resolve, our european partners must show resolve, we must work this p