. >> pelley: ben tracy in los angeles on whether food safety will be compromised. and steve hartman "on the road" with the incredible act of kindness that brought a mother to tears. >> i think i'll cry about it for the rest of my life. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. many of lance armstrong's victories were painted red, white, and blue. his team sponsor was the u.s. postal service and, in the late 1990s, the agency could hardly believe its luck, that it had put its money on a man who became arguably the greatest endurance athlete of all time. well, today color the pofl service embarrassed. the u.s. justice department announced this afternoon that it will join a civil lawsuit that claims armstrong defrauded the federal government. here's bob orr. >> reporter: the lawsuit as lance armstrong broke his sponsorship contract with the u.s. postal service by using performance-enhancing drugs while winning multiple tour de france titles. the postal service paid at least $31 million to sponsor armstrong's

ben tracy on the manhunt. governors declare emergencies as a nor'easter overwhelms new england.nard on the forecast and our team of correspondents on the rest of the story. one of the greatest spectacles on earth happens only once every 12 years. holly williams dives into the biggest religious festival in the world. and "on the road", steve hartman finds these folks are more than happy to wait in line because this postman delivers a lesson in happiness. >> it was honestly his example that kind of taught me it's not what you do in life, it's how you do it. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. this is a special western edition. police in southern california are expanding the manhunt for christopher dorner, that fired los angeles police officer who wanted for a series of revenge killings. his targets are cops and their families. dorner's pickup truck was found in flames at big bear, and that's where ben tracy begins our coverage. >>

ben tracy, cbs news, los angeles. >> pelley: the only way for lance armstrong to get back into competitives is to tell all under oath to the u.s. anti-doping atsy. but today armstrong said forget it. armstrong admits using performance-enhancing drugs while winning the tour de france seven times. he said he's willing to participate in an international effort to clean up cycling, but he won't cooperate with the u.s. agency. what are martian rocks made of? a nasa rover collects its first sample when we come back. before copd... i took my son fishing every year. we had a great spot not easy to find, but worth it. but with copd making it hard to breathe i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort may increase your risk of lung infections, o

essential government services will be cut back and we asked ben tracy in los angeles to look into fooddark meat is going over our head as we speak. >> reporter: this poultry plant near downtown los angeles processes 30,000 to 40,000 chickens each day. george saffrons owns the operation which, by law, is constantly inspected by the u.s. department of agriculture. how often do you see a u.s.d.a. inspector and what do they do when they come? >> we see one almost every day. it comes at different times. they look at your paperwork, they look at your receiving logs, they walk around your plant to make sure sanitation is being done. >> reporter: officials at the agriculture department estimate automatic budget cuts would slash $2 billion from their budget and force them to furlough one-third of their workers. that includes all food inspectors. if there are no inspectors, is there anything you can do in here with chicken at that point? >> no. i can't open the box, i can't repack it, i can't cut it, i can't trim it, i can't marinate it, i can't do anything to it. >> reporter: so you're basicall

the princes of the church who will choose the successor toes pope benedict xvi next monthth but ben tracy us that mahoney is under pressure to stay home. ho >> reporter: cardinal roger r mahoney was the spiritual leader for four million catholics inon los angeles, the largest the archdiocese in the country. but many catholics are demanding the retired archbishop not attend the conclave. james salt is with catholics united. ja the group's petition, with 6,000. signatures, calls on mahoney to6, recuse himself from the vote.o >> the conclave should be an opportunity to celebrate the future of catholicism. op with the cardinal's participation, we are reminded of the sins of our leaders, and second we're reminded of the general lack of accountability. >> reporter: church filesaccoun released last month show mahoney concealed from police the names of priests accused of sex abuse. in 1988, he wrote to an aide:8, he wr mahoney no longer has any formal role in the local church. despite being sidelined here in lo los angeles, cardinal mahoney isah still considered to be in good standing with the ca

ben tracy on the man hunt. one of the greatest spectacles on earth happens only once every 12 years. holly williams dives into the biggest religious festival in the world. and "on the road", steve hartman finds these folks are more than happy to wait in line because this postman delivers a lesson in happiness. >> it was honestly his example that kind of caught -- taught me it's not what you do in life, it's how you do it. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening, the director of the national weather service calls it a very dangerous situation. two storm systems-- one from the west, the other from the south-- are colliding right now over the northeast. it is a classic nor'easter carrying three feet of snow and wind gusts as high as 70 miles an hour. major transportation hubs are closing. widespread power outages are expected. we have a team of correspondents on this breaking story but first we'll go to our weather consultant david bernard. david, where

. >> pelley: ben tracy has the story. john miller with more on the suspect. david martin shows us the navy's next generation drone bomber as congress investigates whether drone killings are legal. and after russia banned adoptions by americans, robert and kim summers went to moscow anyway, hoping to bring back a son. elaine quijano has the rest of ther story. >> don't let these children suffer, please. that's all we ask. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. two ill winds are blowing tonight, a low-pressure storm system rolling out of the midwest will soon collide with another system coming out of the southeast. where they meet will be a classic nor'easter with blizzard conditions. blizzard warnings are up from northern new jersey to maine. and in some of the nation's most important transportation hubs, 1600 flights have been canceled so far. david bernard is our weather consultant. david, what can we expect tonight? >> all the ingredients are coming together for that powerhouse area of low pres

ben tracy reports from los angeles. >> i still see we're in a deep recession. >> pelley: and seth doane with a lesson in the ultimate sacrifice-- hig high schoolers meet the families of fallen heroes. >> instead of just memorizing it, they learn to feel history, to feel what america's all about. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. to the syrian dictator bashar al-assad, it must feel like damascus is shrinking. today, three massive bombs tore through the heart of the city near the soul of his reign. the largest detonated outside the headquarters of assad's ruling political party papt least 53 were found dead, mangled bodies amid blazing wreckage. the other two bombs exploded outside offices of assad's feared intelligence agency, killing another 22. rebels also claimed today that their mortar rounds hit the army's central command building. damascus, the capital, was the last city to mostly hold the vicious war at bay. the rebellion began nearly two years ago, a popular uprising against the 42-year dictatorship of the assad

. >>> ben tracy shows us the violent confrontation that horrified tourists. >> reporter: this is amateur video of the fiery end of the deadly shoot-out on the los angeles shift. police say one person opened fire on a maserati. they say the shoot-out was the escalation of a fight that began at a nearby report. >> the mass rahdy traveled through a red light at a high rate of speed. one of those local vehicles carb on fire. >> it set off a violent chain reaction, two people in the car and the driver of the maserati were all killed in the wreck. those in hotels were startled out of bed by the chaos. >> there was a loud boom and i heard two other bibles. >> reporter: place are still searching for the trainer of the range rover who was on the scene. authorities think that tourists should still feel safe. >> what happened on the strip today will not be tolerated. these individuals will be found, thatly be prosecuted to the full extend of the lar. >> for cbs this morning, los angeles. >>> the l.a. police sergeant have cracked a case. she had a hunch dorn never was the one who killed the young wo

ben tracy takes us back stage to show us the big numbers and special moments. ♪ [ music ]♪ >> reporterrmance is meant to be memorable so the three guys known as the band "fun" were caught "singin' in the rain." ♪ [ music ]♪ >> reporter: taylor swift was the ringmaster of her own on- stage circus. ♪ [ music ]♪ >> reporter: rhianna gave one of the more intimate performances of the night. >> the grammy goes to somebody that i used to no. >> reporter: gotye won for best record but were most thrilled about somebody they had never met. >> you told us you wanted to meet prince tonight. not only did you meet him but he handed you a grammy. >> awesome. >> reporter: you seem to be in shock. >> we are. we were shaking getting up there. ♪ [ music ]♪ >> reporter: the fun guys won best new artist and song of the year. but needed a bathroom break. >> i have to pee so bad so i'm going to leave this up for one of these guys. >> reporter: kelly clarkson barely made it to the stage. >> i'm so sorry. i got stuck to miranda lambert. >> frank ocean. >> reporter: and chris brown made niece for what he did no

. >> pelley: ben tracy in los angeles and steve hartman "on the road" with the incredible act of kindness that brought a mother to tears. >> i think i'll cry about it for the rest of my life. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. many of lance armstrong's victories were painted red white, and blue. his team sponsor was the u.s. postal service and, in the late 1990s, the agency could hardly believe its luck, that it had put its mo put its became arguably the greatest endurance athlete of all time. well, today color the postal service embarrassed. the u.s. justice department announced this afternoon that it will join a civil lawsuit that claims armstrong defrauded the federal government. here's bob orr. >> reporter: the lawsuit alleges lance armstrong broke his sponsorship contract with the u.s. postal service by using performance-enhancing drugs while winning multiple tour de france titles. the postal service paid at least $31 million to sponsor armstrong's cycling team, and now the justice department

ben tracy will read from the show biz bible variety.o rocca serves up movie popcorn and lots more but first the headlines for this sunday morning, the 24th of february 2013. the daytona 500 will go on as scheduled this afternoon after yesterday's last-lap crash that injured at least 33 fans. adrianna diaz has our report. >> announcer: and contact. reporter: the 12-car crash began on the last turn of the last lap of a nationwide series race at daytona international speedway. >> announcer: and a terrible crash. >> reporter: when the number 7 car driven by smith spun out of control. kyle larsen's number 32 car went airborne off the track ripping a hole in the protective fence. >> announcer: this is a big big rip. >> reporter: kyle anderson was in the stands and caught the crash on this video which he posted to you-tube. no drivers were seriously hurt but at least 33 fans were injured. two with serious injuries. terry huckabee says a piece of metal rippedded apart his brother's leg. >> i didn't realize he had got hurt as bad until i seen hi

ben tracy talked to one of the long-term unemployed, and he may look familiar. >> from my perspectivefrom my eyes, i still see that we're in a deep recession. >> reporter: jack walerius has not had a full-time job for more than three years. he now spends his time volunteering at an unemployment networking group. do you have any sense of how many jobs you have applied for, how many interviews you've been on? >> no. >> reporter: too many to count. >> yeah, i've just stopped counting. >> reporter: what lace used to sell advertising to car dealerships. he has been without work for more than six months. the long-term unemployed often find employers are worried their skills have degraded and wonder why they have been unemployed for so long. those who do land a new job earn on average 17% less than they did before. we first met what loose in 2011 when he spoke with scott pelley. >> pelley: in those 3:00 a.m. moments you ask yourself what? >> why can't i get a job? i still have those 3:00 a.m. moments. this morning it was a 2:30 moment. >> reporter: he has been living off of savings and worke

ben tracy reports from los angeles. >> i still see that we're in a deep recession. >> pelley: and sethith a lesson in the ultimate sacrifice. high schoolers meet the families of fallen heroes. >> instead of just memorizing it, they learn to feel history to feel what america's all about. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. to the syrian dictator bashar al-assad, it must feel like damascus is shrinking. today, three massive bombs tore through the heart of the city near the soul of his reign. the largest detonated outside the headquarters of assad's ruling political party. at least 53 were found dead, mangled bodies amid blazing wreckage. the other two bombs exploded outside offices of assad's feared intelligence agency killing another 22. rebels also claimed today that their mortar rounds hit the army's central command building. damascus, the capital, was the last city to mostly hold the vicious war at bay. the rebellion began nearly two

here is ben tracy. >> reporter: police in southern california are on full tactical alert and on edge. >> put your window down. >> reporter: officers have surrounded los angeles police headquarters to defend it from 33-year-old christopher dorner police chief charlie beck. >> dorner is to be considered armed and extremely dangerous. >> reporter: at 1:25 this morning the former cop and navy veteran allegedly shot at two police officers in corona, california wounding one. 20 minutes later he killed a riverside, california, policeman in a stop light ambush. dorner is believed to have multiple weapons including a semiautomatic rifle. >> of course he knows what he's doing. we trained him. he was also a member of the armed forces. it is-- it is extremely worrisome and scary, especially to the police officers involved. >> reporter: dorner was fired by the l.a. police department in 2008 after file a false brutality complaint against a fellow officer. a document dorner is believed to have posted on his facebook page listed 11 people targeted for revenge. it says, "the violence of action will be

dorner's pickup truck was found in flames in big bear and that's where ben tracy begins our coverage. >> reporter: a foot of new snow added to the challenge for search teams who had to be brought in on armored personnel carriers. the manhunt targeted an eight square mile area where christopher dorner's torched pickup was found yesterday. john mcmahon is the san bernardino county sheriff. >> we'll search until we discover he left the mountain or we find him. one of the two. >> reporter: deputies have searched 400 cabins and will check 200 more around the big bear ski resort. the snow has grounded police helicopters. what do your instincts tell you? does this feel like this may have been a diversion? >> we're going to search primarily up in the mountain area to make sure there's a lot of cabins that are up there that are abandoned. he want to make sure he didn't find out a place to hide for the night. >> reporter: dorner's rampage began sunday when police say he shot and killed two people in irvine including the daughter of a retired police captain who defended dorner in disciplinary he

ben tracy is there, ben, good morning. >> reporter: norah and anthony good morning. with daylight on the west coast the search resumes for christopher dorner. they did have small search teams working this area throughout the night but so far no sign of him. the authorities acknowledge this could be an elaborate diversion or perhaps even a trap. when an assault team descended on the mountain town of big bear california, authorities hoped they were hot on the trail of christopher dorner. 125 officers joined the search following fresh tracks in the snow that led from this burned out truck they say belongs to dorner. investigators have been combing the truck for clues as s.w.a.t. teams search door to door for the suspected killer. >> i have no idea what his thoughts were. we're doing everything we can to search the area and attempt to find him. certainly he could be anywhere at this point and that's why we're searching door to door. >> turn around. >> reporter: more than a dozen local, state and federal agencies joined the manhunt thursday after dorner allegedly shot at

for "cbs this morning," ben tracy, los angeles. >> "the job" premieres this friday at 7:00 p.m.'s grammy awards. you ale here from ll cool jay. >> that does it for us, up next (woman) 3 days of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the boldest breast cancer event in history? because your efforts help komen serve millions of women and men facing breast cancer every year. visit the3day.org to register or to request more information today. it was 3 days of pure joy. ♪ and it's beautiful

ben tracy takes a look at the spike and how it's spread. >> reporter: the price at the pump has risen9 cents. the average price for regular is $3.92. >> we know there was a wholesale spike of about 50 cents last week, and so the market has to absorb that cost in some way. >> reporter: oil companies say it's a supply issue. some area refineries are shut down for maintenance, while others are switching from the winter blend of gasoline to the more expensive summer blend. it could affect the gass price spike by having gas in the reserves. >> it's been man in a littled by a handful of refiners who know if they make less gas lean they make more money. >> reporter: los angeles is known as a bellwether for gas prices because we're the first city to switch to summer gas. in other words high prices are coming to a pump near you. gas prices dropped significantly in 2012. that followed a record spike last october when stations were charged more than $5 per gallon. this time gas price are expected to pass more than $5 but not reach the record levels of last fauchlt for "cbs this morning," ben tra

ben tracy shows us the violent confrontation that horrified tourists. >> reporter: this is amateur video of the fiery end of the deadly shoot-out on the las vegas strip. police say at least one gunman driving a range rover opened fire on a maserati at a busy interception intersection in front of the bally's casino thursday morning the shoot-out was an escalation of a fight that began at a nearby resort. >> the mazraatserati traveled through the red light at a high rate of speed striking several vehicles a local cab that also caught on fire as a result of the impact. >> reporter: the gunman hit the driver of the maserati setting off a violent chain reaction. the two people in the cab and the driver of the mazzraatserati were killed in the wreck. several bystanders were injured. tourists at local hotels were startled out of bed by the chaos. >> there was a loud boom and then i heard two other booms. i looked out my window i could see the fireball over here on the corner. >> reporter: police are still searching for the driver of the range rover who fled the scene. despite this violent show

for "cbs this morning," ben tracy, los angeles. >> "the job" premieres this friday at 7:00 p.m. us, up next >> your realtime captioner: linda marie macdonald good morning, everyone. it's 8:55. i'm frank mallicoat. get you caught up with some bay area headlines now. in the east bay police activity outside an emeryville office rented to lawrence berkeley lab. the building on hollis street cleared out around 7:30 this morning. emeryville police are working with alameda county fire and the uc police. this is live pictures from chopper 5 by the way. the investigation had blocked off several streets in that area. we'll keep you updated. >>> and we are getting a look at the last known image of a 13- year-old bay area girl who was murdered. janelle conway allen was last seen thursday afternoon near east taber afternoon and grande circle in fairfield. police will have more information on the investigation later today. >>> and a patriotic tradition will continue at the el cerrito city council. leaders will recite the pledge of allegiance before meetings, but it has decided to offer a mome

ben tracy has been up all night. >> reporter: good morning. good morning to our viewers in the west. if you made it through the marathon oscar show you got to see history being made. when it came time to announce best picture winner jack nicholson was upstaged by an even bigger name. >> live from the white house, the first lady of the united states, michelle obama. >> reporter: in a show that promised surprises, this one was the biggest. >> i am so honored to help introduce this year's nominees for best picture. >> reporter: the envelope with the winning name was not in hollywood, it was handed to michelle obama in the white house. >> "argo." >> reporter: "argo" won the grand prize even though ben affleck wasn't even nominated for best director. he did get an oscar as the producer of the film. >> i was sort of hallucinating when that was happening. i was just asking these two guys outside, was that michelle obama? >> reporter: 22-year-old jennifer lawrence had a very unscripted moment on her way to collecting her oscar for best actress. her fa

ben tracy on the man hunt. one of the greatest spectacles on earth happens only once every 12 years. holly williams dives into the biggest religious festival in the world. and "on the road", steve hartman finds these folks are more than happy to wait in line because this postman delivers a lesson in happiness. >> it was honestly his example that kind of caught -- taught me it's not what you do in life it's how you do it. captioning sponsored by cbs this is

ben tracy reports from los angeles. >> i still see we're in a deep recession. >> pelley: and seth doane with a lesson in the ultimate sacrifice-- high high schoolers meet the families of fallen heroes. >> instead of just memorizing it, they learn to feel history, to feel what america's all about. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. to the syrian dictator bashar al-assad, it must feel like damascus is shrinking. today, three massive bombs tore through the heart of the city near the soul of

. >> pelley: ben tracy in los angeles on whether food safety will be compromised. and steve hartman "on the road" with the incredible act of kindness that brought a mother to tears. >> i think i'll cry about it for the rest of my life. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. many of lance armstrong's victories were painted red, white, and blue. his team sponsor was the u.s. postal service and in the late 1990s, the agency could

. >> pelley: ben tracy has the story. john miller with more on the suspect.n shows us the navy's next generation drone bomber as congress investigates whether drone killings are legal. and after russia banned adoptions by americans robert and kim summers went to moscow anyway hoping to bring back a son. elaine quijano has the rest of ther story. >> don't let these children suffer, please. that's all we ask. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. two ill winds

ben tracy went backstage. he's in los angeles. ben, good morning. >> reporter: good morning.t many. in 3 1/2 hours they onto handed out 11, so that means basically the show is one great big concert. ♪ carry on >> reporter: the big performance is meant to be memorable. so the men known as fun. were caught singing in the rain. taylor swift was the ringmaster of her own onstage circus. while rihanna gave one of the more intimate performances of the night. >> and the grammy goes to somebody that i used to know. >> reporter: gotye and kimbra took awards for "somebody i used to know," but were most thrilled to meet somebody they hadn't met. you wanted to meet prince. not only did you meet prince, but he handed you grammy. you seemed to be in shock. >> we were both in shock. ♪ we are young >> reporter: the fun. guys won best guy of the year but needed a bathroom break. i've got to pee so bad, so i'm going to leave it up to these guys. >> reporter: kelly clarkson barely made it up to the stage. >> i'm so sorry. g i got stuck to mels lambert. >> reporter: he punched him in the face ea

ben tracy spent some time with the radio host delilah. >> tell me what's going on.oice, they name. >> you're listening to delilah. >> reporter: and thelove songs. >> is there a song you want me to play, jamie? >> they call you the kweeb of sachy love songs. >> these not on my busy card. >> you're okay with that. >> oh, yeah. i'm so okay with that. >> reporter: her real name is delilah rene. >> man, jeffrey, that woman loves you something fierce. >> yeah, she does. >> reporter: the delilah show follow as very simple formula. >> you call and share the story. i try to find the perfect song to match up for you. >> reporter: people call and tell you these deeply personal things. >> oh, my word. if i were a real jerk, i could have an amazing alternative show because people tell me stuff and i'm like why are you telling me this? to you not know i'm on the radio? >> do you really want to let the walls down and let someone all the way in. >> reporter: it sometimes sounds like therapy. >> i always tell people i'm not a therapist, not a counselor, i'm just a woman who's been a

. >> ben tracy, thanks. >>> pope benedict steps down on thursday. yesterday he gave his final sunday blessing and defended his position to retire and there's news this morning surrounding one of the cardinals who helped pick benedict's successor and the pope has changed the conclave rules to hold the conclave earlier than normal. allen pizzey is in vatican city. >> reporter: more troubles for the vatican city and the conclave. it was announced he was resigning and would not take part. cardinal o'brien is the focus of atense because he's been accused of inappropriate contact with four young priests some 30 years ago. the cardinal denies the allegations but said he was not taking part in the conclave so as not to detract from the conclave to choose pope benedict's successor. that brings the number down to 115. benedict told the faithful who came to his last sunday blessing that he was not abandoning the church but doing what was best to serve it in a way more suitable to my age and my strength. certainly the scandal that keeps erupting would tax the s

ben tracy spent some time with the host known as delilah. >> tell me what's going on in your world? and those love songs. >> is there a song that you want me to play? >> reporter: people call you the queen of sappy love songs. >> that's on my business card. it's my official title. >> reporter: you're owning that? >> oh, yeah. i'm so okay with that. >> reporter: her real niam is delilah rene. she has an audience of nearly 9 million people making her the most listened-to woman on the radio. >> that woman loves you something fierce. >> yes, she does. >> reporter: the delilah show follows a very simple formula. >> you call and share a story. i try to find the perfect song to match up for you. >> reporter: people call and tell you these deeply personal things. >> oh my word. if i were a real jerk i could have an amazing alternative show because people tell me stuff -- i'm like, why are you telling me this? do you not know i am on the radio? do you really want to let the walls down and let someone all the way in? >> reporter: it does sometimes sound like therapy on the radio. >> yeah. i a

tracy: good stuff. ben bernanke defending continuing stimulus in the heated session with the house financial services committee. we are monitoring the fed chief's testimony, and we'll bring you all the critical comments. dennis: win more sign that budget cuts will kick in at midnight tomorrow. the president scheduling a meeting with congressional leader for friday to fix it. tracy: ha! dennis: after the sequestering kicks in, and coming up, former senator kay hutchenson on why spending needs to be reign in. tracy: huh, all confusing to me. as we do every day at this time of the day, how is oil trading? up 50 cents a barrel, $93.16. we'll be right back. dow is over 14,000 again. ♪ the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone likes 50% more... [ midwestern/chicago accent ] cheddar! yeah! 50 percent more [yodeling] yodel-ay-ee-oo. 50% more flash. [ southern accent ] 50 percent more taters. that's where tots come from. [ male announcer ] the ca

ben bernanke. he has been an outspoken critic of the fed stimulus plan. he is tracyyrnes, ashley webster's guest next. stay with us. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. ashley: good afternoon, everybody, i'm ashley webster. >> i'm tracy byrnes federal reserve chairman ben bernanke defends bond buying. david vitter questioned the fed chief and here with us in moments. ashley: stocks hit session highs on word the fed's printing press is alive and well, still open and cranking. now back to near today's best levels. the dow and s&p trading below key levels but still gaining back yesterday's l

. >> sybrina fulton, tracy martin, attorney ben crump. thank you all for being here.ank you for your commitment. and let me say this. i remember when i first got the call about this case and didn't know about it. and we went to florida. i went on the day my mother died. because i felt that we should make sure that this kind of situation should not be handled in the back room of a police station. it should be in a court of law. and this family and every family deserves that day in court. so does mr. zimmerman. justice must not be in any way averted. i'm very glad a year later with all the rallies and all of the gatherings, not one brick has been thrown. no damage has been done. tracy and sybrina have set an example that in order to fight for what you feel is right, you mustn't internalize. and that's why trayvon's name means so much to so many. we'll be right back. ♪ ten hut! you up for the challenge suds-maker? i'm gonna need more than that to get through the rest of these dishes! i want more suds! dawn? you won't last. [ female announcer ] a drop of dawn has active s

tracy: federal reserve chairman ben bernanke facing some really tough questions on day two of his grilling many of them multiples of the same questions. peter barnes joins us from washington with the latest. peter, i think they all kind of asked the same question in their own little way. >> yeah, that's right, tracy but you know, guess what the big topic was at the hearing on the house side today? he was over at the senate yesterday. over at the house side today. that is the way it works. it was sequestration. as you know the fed chairman came out and said congress and the white house should work to soften the blow of sequestration, $85 billion in spending cuts starting on march 1st. the fed chairman said maybe it should be more gradual. maybe cut less revenue and maybe raise taxes a little bit. he hasn't gotten specific on that. that got one conservative republican upset because that republican claimed, well there is money in the budget for he said, moroccan pottery classes and free cell phones and why couldn't that be cut, mr. chairman? take a listen. >> so the revenues that we get from

tracy: i liked him. dennis: so that i. he was all right. stocks are swinging wildly as federal reserve chairman benfense his bond buying program. tracy: melissa frances and lori rothman ask new york congressman michael grim what he wants to hear from the fed chairman when he testifies to his committee tomorrow. don't go anywhere. we will be right back. dad, i'd put that down. ah. 4g, huh? verizon 4g lte. 700 megahertz spectrum, end-to-end, pure lte build. the most consistent speeds indoors or out. and, obviously, astonishing throughput. obviously... you know how fast our home wifi is? yeah. this is basically just asast. oh. and verizon's got more fast lte coverage than all other networks combined. it's better. yes.

tracy byrnes. dennis: i am dennis kneale. the dow for the all-time high, a bull says the market party will roll on as long as ben bernanke and pull out the rug. tracy: the dow closes in on that all time high, automatic budget cuts are about to hit. fox business all stars charles payne, sandra smith and david asman are here to sort it all out. dennis: we are live in the golden state where arizona is the next state to set up to lure away business. tracy: time for stocks as we do every 15 minutes, nicole petallides on the exchange, the dow is on fire. nicole: we are doing very well continuing to hold onto gains for the week and here we are, up 9 points. we have unaccommodated said, and we hear from mario draghi and we're seeing markets holding on nicely. we had mixed economic data as far as jobless claims, and at&t and duponts doing quite well. and the best of the bunch up 1/4%. the big picture is so far so good and we trend higher, that is the tune of wall street at least recently. dennis: thank you very much. depending on where stocks are going, jim for showing joins us now. ben bernanke just put in a tour they force performan

tracy tells you how to protect yourself from those greedy little hands djibouti, africa, 2004. the battle of bataan, 1942. [ all ] fort benningn 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto-insurance quote. usaa. we know what it means to serve.

tracy tells you how to protect yourself from those greedy little hands djibouti, africa, 2004. the battle of bataan, 1942. [ all ] fort benningn 1999. [ male announcer ] usaa auto insurance is often handed down from generation to generation because it offers a superior level of protection and because usaa's commitment to serve the military, veterans, and their families is without equal. begin your legacy. get an auto-insurance quote. usaa. we know what it means to serve. >> time for what do i need to know for the next week. tracy? >> this financial transaction tax came in a lot of ground. be very careful if it goes through, you might want to readjust your portfolio. >> all right. wayne, what do i need to know? >> well, we're talk being oil and gas. clmt, trading at a yield, in excess of 7% and a low multiple of 11 and i own it. >> all right. very good. how about you, jonathan? >> i'm bearish on bonds and gold, but bullish on all the evil penn and park. they invest in the debt and equity of a lot of mid-size companies. i think this is one that could do well, even as commodities go down and interest rates go up. >> interesting