ben tracy catches up with-- or nearly catches up with-- evelyn stevens. >> she's leaving me in the dust! captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. the u.s. government tonight is putting together criminal charges against the man who exposed two of the government's top-secret surveillance programs and the f.b.i. is trying to find him. edward snowden was last seen in hong kong yesterday when he identified himself as the source of leaks revealing that the national security agency is monitoring the phone records of millions of americans and tapping into the data banks of internet companies. snowden worked at the agency as a low-level employee of a private contractor. he went to high school in maryland but did not graduate. he enlisted in the army in may of 2004 but was discharged less than five months later. "the guardian" newspaper says snowden worked on computer security at the c.i.a. before going to work at the n.s.a. seth doane has more from hong kong. >> reporter: 29-year-old edward snowden made a number of bold and unverified

ben tracy has more about the actor who created one of the most dynamic characters in t.v. >> i'm in the waste management business. everybody immediately assumes you're mobbed up. it's a stereotype and it's offensive! >> reporter: james gandolfini was all about defying stereotypes. he had bulk and baldness but still became a leading man. >> like popeye says "i am what i am." >> reporter: and as tony on the hbo hit "the sopranos," he was a mob boss who could barely manage his own family. >> carmella! what the (bleep) are you doing? >> reporter: in 2005, gandolfini told bob simon that some of his own personality became part of the act. >> i have a little bit of a temper but it's a useless temper. (laughs) it doesn't accomplish anything it's just ranting and raving. all the writers are vampires and they'll look around and they watch you when you're not even thinking they're watching you and they'll slip stuff in. >> reporter: but dominick chianese, who played uncle junior on the show, remembers another side of gandolfini. >> great actor. everything showed on his face. every li

for "cbs this morning" saturday ben tracy, los angeles. >>> it is about 22 minutes after the houring and now here's a look at the weather for your weekend. >>> coming up, the custody battle that's made it all the way to the supreme court. should a child's race determine who gets custody. >>> later a bizarre crime discovered at a funeral home. one of the victims, a famous tv host. you're watching "cbs this morning saturday." ,,,, [female vo] then don't miss sleep train's [female vo] then don't miss sleep train's 4th of july sale! save on sleep train's most popular mattress sets. plus, pay no interest for 36 months on tempur-pedic and icomfort. sleep train's 4th of july sale is on now! ♪ your ticket to a better night's sleep ♪ >>> coming up, researchers say some of the most popular over-the-counter painkiller, including the active ingredients in aleve, motrin, and advil can increase your chance for a heart attack or stroke. we take them every day. >> we'll talk with a heart expert before taking another dose. we'll be right back. you're watching "cbs this we'll be right back. you're wat

it's a mystery, and ben tracy has a look. >> reporter: how many acres of wheat do you have out here? >> we have between 700 and 800 acres of wheat. >> reporter: clint lindsey sells almost all of the wheat he grows near portland to countries in asia. the discovery of genetically modified wheat in eastern oregon has customers worried. >> what does this mean to you for your business? >> well, our company sells to a grain exporter that was dealing with japan and has had its next shipment put on hold. so unless that gets started up again we could be sitting on conventional wheat this fall. >> reporter: how much does that cost you? >> hundreds of thousands of dollars a year. >> reporter: the problem began when a farmer-- who has not been identified-- noticed wheat he treated with herbicide did not die. researcher carol mallory smith tested the plants at oregon state university. what did you find? >> i found they were round-up resistance. transgenic. >>. >> reporter: meaning they are genetically modifyd? >> yes. >> reporter: were you surprised? >> yes. it's a mystery how it got there. >> re

ben tracy has the story. jim axelrod on what could be the biggest doping scandal in sports. dozens of major league ball players could be suspended. there's a major change in the t.s.a.'s plan to allow knives on planes. sharyl attkisson on a sudden course correction. and 45 years ago today robert kennedy was gunned down. >> would a doctor come right here? >> reporter: that was doctor there, and therein lies a very personal story told for the first time by michelle miller. the first time by michelle captioning sponsored by cbs this is the "cbs evening news" with scott pelley. ews" with s >> pelley: good evening. today robert bales told a military court that he committed the worst american atrocity in the afghan war, but he does not know why. 15 months ago in the middle of the night bales left his combat outpost alone and murdered 16 afghan civilians in cold blood. mostly women and children. the bodies were delivered to a morgue in a truck. nine of them were children and bales had set many of the bodies on fire. in a deal, prosecutors dropped the death penalty and in return bal

. >> dubois: ben tracy on the plan to catch an asteroid in an astronomically large bad. mysteries, she writes. >> i'm always looking for sort of wonderful mysteries, and this-- this seemed to be one. >> dubois: and she'll solve it for steve hartman "on the road." captioning sponsored by cbs captioning this is the "cbs evening news" with scott pelley. >> dubois: good evening. scott is on assignment. i'm maurice dubois. millions of people in the middle of america are on alert tonight. let's take a look live near oklahoma city. heavy clouds, the last thing anybody there wants to see, everybody on alert there. again, live near oklahoma city. a tornado watch is up for parts of oklahoma, kansas and she missouri. a severe thunderstorm watch for parts of the upper midwest as we come to the end of a week of very dangerous weather, at least three people were killed in floods in arkansas. and no fewer than 47 tornadoes were reported, many of them in oklahoma. that is where we begin tonight with susan mcginnis. >> there it is, right there, beside us! right there! tornado on the grou

ben tracy has the story. jim axelrod oha

as ben tracy reports, there is a lot to learn from all this. >> that moving white dot is officially called, 1998, qe2. it is a massive asteroid that has its own moon. scientists believe it is older than planet earth. >> it is a visitor from the outer asteroid belt. >> paul is a scientist at nasa's laboratory. researchers there are using gh powered telescopes and radar to track the 1.7-mile long asteroid. >> i'm sure people are relieved this is not going to hit the earth, but if it did, what kind of damage would an asteroid like this do? >> this is getting up close to the asteroid that caused the extinction of the dinosaurs, if an asteroid would hit this, it would be a catastrophe. we want to find as many of these as early as possible. >> researchers in the program find about 08 new asteroids every night. they believe they have identified 95% of the large ones in the solar system. but smaller asteroids are harder to find. like the one that streaked across russia at 41,000 miles per hour in february. the shock wave damaged 7,000 buildings and injured 1500 people. >> the russian asteroid was

ben tracy catches up with-- or nearly catches up with-- evelyn stevens. >> she's leaving me in the dust! captioning sponsored by cbs

ben tracy is covering the hearing at joint base lewis-mcchord outside seattle. >> reporter: staff sergeant robert bales told the military court his rampage on march 11, 2012, was premeditated and without justification. bales' voice cracked slightly as he read the charges with each victim's name. the judge then asked him "what was your reason for killing them?" bales replied "as far as why, i have asked that question a million times since then. there's not a good reason in this world for why i did the horrible things i did." bales said after he struggled with an elderly woman he decided to "murder anyone that he saw." he said he doesn't remember setting ten of the bodies on fire but he admitted that given the evidence "it's the only thing that makes seine." in november, an afghan journalist working for cbs news spoke with this 15-year-old survivor of the massacre. "we heard gunshots" he said. "my uncle, my little cousin and my grandmother were killed. i was told to put my hands on the wall and then he shot my sister in the head. >> he is broken, he was broken and we broke him. >> reporter:

and ben tracy on the man that brought tony soprano to life. >> if you can quote the rules you can obeyames gandolfini. obey them, captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evg,

ben tracy has the story. jim axelrod on what could be the biggest doping scandal in sports.ld be suspended. there's a major change in the t.s.a.'s plan to allow knives on planes. sharyl attkisson on a sudden course correction. and 45 years ago today robert kennedy was gunned down. >> would a doctor come right here? >> reporter: that was doctor there, and therein lies a very personal story told for the first time by michelle miller. the first time by michelle captioning sponsored by cbs

. >> dubois: ben tracy on the plan to catch an asteroid in an astronomically large bad.teries, she writes. >> i'm always looking for sort of wonderful mysteries, and this-- this seemed to be one. >> dubois: and she'll solve it for steve hartman "on the road." captioning sponsored by cbs

here's ben tracy. >> reporter: a whistle blower provided these pictures to cbs news today.reen material is thought to be radioactive waste leaking from a tank at the hanford nuclear reservation. the double-shelled tank, known as ay102, already had been leaking from its inner container into the hollow safety space between the tank's two walls. now for the first time, radioactive material may have leaked outside of the tank into the ground. contaminated rainwater was found in the leak detection pit. tom carpenter heads an environmental watchdog group focused on hanford's nuclear waste. he said mean single-walled tanks have been leaking for years. >> a third of she's tanks have failed already, one-third, 67, 68 of these tanks. they've leak aid million gallons and there is more to come. >> reporter: most of hanfords 177 tanks were built in the 1940s when the facility opened to provide atomic materials for the manhattan project. 56 million gallons of radioactive and chemical waste are stored at the site. this winter, engineers discovered six new leaks of radioactive material fro

some of us only run to stay healthy, but other people can't live without it, and as ben tracy shows usg a different path to profit. >> reporter: running a marathon used to be something for only the most elite athletes. now even your grandma is running 26.2 miles. in 199 0e, 224,000 americans finished a marathon. that number more than doubled by 2011 when 518,000 did. >> i think a lot of us that run need to run. it's that powerful if our lifve. >> reporter: jim weber is the ceo of brooks. the bank was calling their loan. >> there was nothing more that create add crisis and that was what was happening at brooks. we were trying to be something for everybody. >> reporter: weber canceled half of the company's product line to focus solely on running shoes. how much of a risk was that to basically get rid of all your other lines and say it's just running. >> reporter: i think the perception in the industry was, oh, my gosh. they're crazy. what's really interesting is i think the biggest risk you take is kind of being like everybody else. >> reporter: nike is the undisputed leader, a $24 billi

for "cbs this morning," ben tracy, boulder, colorado. >> she said bye-bye ben. >> it's great to see peoplet, start a family of their own. jake may never do that... but he's the most amazing person i know. i'm lucky - i get to spend my golden years with both loves of my life. it's not your typical retirement. so my suntrust advisor checks in with us regularly to make sure we're on the right path. most people don't plan retirement for three. but we're not most people. a suntrust investment services advisor can craft the retirement plan that's right for you. >>> cover up! the teen who says airport security told her to put on more clothes. >> also so wrong and unprofessional. >>> then, come home son, a father's plea to the nsa whe

in our health watch ben tracy with more on the illness. >> reporter: how many hours a day can you work? >> it depends. >> reporter: he is a winemaker and cannot taste his own wind because of the medication he is taking. how bad is this for you? >> it change your life. >> reporter: i can see it on your face. >> i am in constant pain. sometimes it is excruciating. >> reporter: valley fever is caused by a fungus in the central valley. the spores can be jailed after they are kicked up by wind. early symptoms resembled the flu but it can spread to these fine and liver. compared to other diseases valley fever has jumped 90 %. it is a bigger threat than west nile virus and line disease. population growth in the southwest is a factor. valley fever forced california to move prison inmates out the san joaquin valley. the disease killed a 62 of them . >> people realized this was a problem. >> reporter: this doctor is director of the valley fever hospital. arizona has 66 % of the disease. >> a small percentage get serious problems when the fungus does not go away or it moves through the bloodstrea

for "cbs this morning" ben tracy, san clemente california. >> they say to be continued, huh? >> it is. it is. is there no other way they can work it out? you get national security surfing. wow. surely they can come up with a >>> all right. we are looking at a great day a lot of sunshine around the bay area. couple of patches of fog coastside but looking good so far. and i'm thinking even some sunshine out toward the beaches in the afternoon. looks like we are going to see this pattern hold for at least the next couple of days. in fact, maybe a little bit warmer for tomorrow. then we are going to cool down the temperatures heading into the weekend. plan on low 80s inland, 60s and 70s around the bay, 50s and 60s, breezy at the coast. warm tomorrow. cooling off saturday and sunday. >>> john galliano was one of the biggest fashion designers that's ahead of "cbs this morning." j ♪ ♪ [ female announcer ] pop in a whole new kind of clean with tide pods. three chambers. three times the stain removal power. pop in. stand out. i woke up to a blistering on my shoulder. the blisters were

for "cbs this morning," ben tracy, washington. >>> robert f.ing new about her personal connection to the tragedy and also a hero from that night. that's ahead on "cbs this morning." >>> "cbs healthwatch" brought to you by our sponsor with the inside story on shingles. it was very painful situation. i'm very athletic and i swim in the ocean. shingles forced me out of the water. the doctor asked me "did you have chickenpox when you were a child?" the pain level was so high it became unbearable. púw omg, stop. jack, your new chipotle chicken club is craze amaze. annnd chipotle is totes trending. spicy crispy chicken, hickory smoked bacon melting cheese, and smoky chipotle sauce plus fries and a drink for $4.99? that combo is chipot-cray. and chipotle is my hashtag faveflave. let me guess-you're the new social media intern. yeah! great. i'm late for a meeting. can you make some copies? ...with the tanning bed? >>> in london this morning a collection of photos have been sold at auction. 18 of the images have been given attention. as charlie d'agata

for "cbs this morning," ben tracy, boulder, colorado. >> she said bye-bye one person was killed in ae griego with your kpix 5 headlines. >>> one person was killed in a house fire this morning in sunnyvale. it started around 6 a.m. on central avenue. firefighters had to contend with flames coming out of the doors and the windows. a battalion chief says there's a body inside but it's still too dangerous to go into the building to identify it. >>> a wind-whipped wildfire threatening 150 homes near yosemite national park. the carstens fire burned 1600 acres in the midpines area. firefighters told about 500 people to evacuate yesterday as the flames moved quickly through. >>> a 6-year-old boy from union city was killed when a family dog bit him on the top of the head. the young victim is [ non- english language ] family members say he was playing with a dog a pit bull type when the biting incident happened around 11:30 yesterday. the boy died at stanford hospital around 4 p.m. >>> and now here's lawrence with the forecast. >> all right. a few clouds trying to clear up around the bay area

for "cbs this morning" ben tracy, los angeles. >> interesting test there for paula deen, whether sherom all of this. talking about recovery what is going on at wimbledon? players are dropping faster than tennis balls at the all england club. are the grass courts really to blame? that's next on "cbs this morning." courts really to blame? that's next on "cbs this morning." i like it - i just... you can't change color like we do. valspar has the love your color guarantee. if i don't love it, i get another color free. i'm thinking more this. yowza! valspar signature, look for it only at lowe's. [ female announcer ] another newtonism. into every life, a little fudge must drizzle. new banana drizzled with dark fudge fruit thins. real fruit, real fudge whole grains. newtons fruit thins. one unique cookie. the secret is out. hydration is in. [ female announcer ] only aveeno daily moisturizing lotion has an active naturals oat formula that creates a moisture reserve so skin can replenish itself. aveeno® naturally beautiful results. ♪ new beneful medley's... ...in tuscan, romana, and mediterra

ben tracy has the story. jim axelrod on what could be the biggest doping scandal in sports. dozens of major league ball players could be suspended. there's a major change in the t.s.a.'s plan to allow knives on planes. sharyl attkisson on a sudden course correction. and 45 years ago today robert kennedy was gunned down. >> would a doctor come right here? >> reporter: that was doctor there, and therein lies a very personal story told for the first time by michelle miller. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: good evening. today robert bales told a military court that he committed

backup singers are often overlooked, but now by the ears of our own ben tracy. >> reporter: their voicese made songs iconic. but these singers are largely unknown. when you're singing background for somebody, what is your job? >> my job is to make them look incredible. and sound incredible. because i'm going to be on my thing. >> reporter: background singers take center stage later on sunday sunday. >> cowan: serena altschul takes a close look at the close shave. bill geist takes a big bite out of a big steak. nancy jiles looks for just the right fit and more. but first, here are the headlines for this father's day, the 16th of june, 2013. north korea has proposed high-level talks with the united states to ease tensions on the korean peninsula. it's a rare move that follows months of acrimony. earlier this year, north korea threatened nuclear missile strikes against both south korea and the u.s. in colorado, firefighters outside colorado springs say they've finally gotten the upper hand on the most destructive wildfire in the state's history. the black forest fire started burning five da

. >> it's a cutting-edge system for coordinating traffic city wide and as ben tracy reports, transportationic last year. a delay that wasted 27 gallons of excess fuel and cost $1,300 per person. >> this is the city known for population growth and so many people buying their kids a car when they graduate from high school, we'll have a lot of traffic in this town. >> reporter: in february los angeles mayor antonia villaraigosa announced the completion of a 29-year project to synchronize 44,000 traffic signals across the city's 49 square smiles. a feat that is improving fwrid lock gridlock and quality of life. >> when you lockok at carbon emissions, emergency response commuter speeds it's an investment well worth the cost. >> reporter: the sin kron i inflation system has been cost the most comprehensive traffic signal in the world. the sensors send real time traffic updates to this underground center. >> this information relaid back to the computer and the control system constantly monitors demand. >> reporter: if there is a backup in traffic, they will automatically adjust the lights. if the

ben. >> ben and gerri. tracy: that was good!ding and why it's a big concern for job growth in the country. ashley: yum. as we head to the break, look at today's winners and losers op the nasdaq including monster beverage. up 9%, seagate moving higherment we'll be right back. ♪ >> americans pride themselves on willingness to take risks bel it's a business or changing jobs, but the next guest delves into the appetite for risk, and these days, we play it safe. joining us, "wall street "wall t journal" economic's reporter ben cassleman. this bothers me. back in the clop yal time -- clean yal times k found gold. what happened? >> it should worry you. it's a concern. there's a decline in risk taking by different measures. people are changing jobs less frequently. people are starting businesses less frequently. investors put less money towards new venn tour -- ventures. tracy: changing housing has to do with housing. >> it does, but these are trends going back multiple decades, not something that happened since the recession, but trend

tracy: the markets are focusing on ben bernanke's signals regarding future fed policy.l story is that ben bernanke, really whoever replaces him as the chair of the federal reserve may not be able to afford any major policy change. fox business senior correspondent charlie gasparino is here with all that. >> i want to make it clear to the world they will not pick me. tracy: i was rooting for you. >> fox business network learned i'm not in the running. one of the promos looked like i was the guy. don't ask mae. i got two people, one person in the hallway and another person tweeted me or e-mailed me. tracy: really? >> in any event who will be the replacement for bernanke we'll get into the politics of this because i think it faces nating the way president obama unveiled it two days ago in the interview with charlie rose, who will be the new fed chairman or chairperson. i think it will be a chairwoman. good chance it will not be tim geithner. from what i understand, former treasury secretary, former president of the new york fed told people on wall street he is not interest

tracy: or ben bernanke. >> or perhaps ben bernanke. ashley: what about the consumer?ound out that last month retail sales grew nicely but then we find out that consumer sentiment dropped. where is the consumer which, the consumer is a key part of the economy? >> the consumer is moving along at a lackluster rate, modest below trend kind of consumption path. they're still continuing their deleveraging process. that doesn't mean that the economy is going to fall into the a pit of despair. the problem really here, the reason why the economy hasn't had get up and go is because corporate spending has been rather lackluster and really hasn't hit the mark where it is on historical trend. perhaps you start to see that in 2014. but the federal reserve will not raise rates in 2014. they won't raise rates until perhaps late 2015. that is our best guess. tracy: you say companies will not start spending until next year. we're basically looking at another dud earnings season. >> it is our belief the second half of the year will be as it is for the first and second quarter for this y

tracy, thanks. ashley: brought you headlines minutes ago. the financial times, ft, reports that benal that the federal reserve is close to tapering down its $85 billion a month in asset purchases when he holds that press conference on wednesday. stocks are cut gains significantly since then. the dow up more than 160 points earlier in the session. now, that's been cut to -- the dow up, but just by 56 points. maybe that's having an impact on the selling rate right now. the fda, by the way, blocking imported french cheese because of so-called cheese mites. yuck. that left tons of cheese in limbo. our own washington big cheese, rich edson is live in virginia with the story, rich? >> well, good afternoon, ashley and tracy. join me here for a little late afternoon snack. we've got some cheddar and some stilton, and this is your mim let. that cheese is the focus of the entire problem with the food and drug administration. they say there's too many cheese mites in the major shipment that's stuck in the new york area. the fda says we evaluate each sample on a case-by-case basis with a target

tracy's second. fernando surrenders the game winning hit. ben comes into score. the nats rally from 4-2 but only to lose 5-4 in this one. >> but lets end it with positive news. on the injury front bryce harper examined by the team doctor and he was cleared to start running and ramping up his strength training but no timetable has been issued for history turn to the game field. >> f -- n.b.a. basketball player allen iverson is being accused of abducting his own children. his ex-wife says she has five -- sole custody but has not seen them since she let them go on vacation with iverson. iverson was a no-show when he was supposed to bring the kids. his ex we've said that happened on another occasion. the former basketball player last played in philadelphia in 2010. >> a cold war has developed between the vladimir putin and the new england patriots over -- over a superbowl ring. he let putin try on the ring. when he reached out to get his ripping back foot continue put the ring in his pocket and put issue walked out -- putin says it is a gift and it's on display in th

tracy: we have been listening to fed chairman ben bernanke giving his press conference. want to point your attention -- and you have been looking at the numbers on your screen, i doubt that has sold off. it began to release sell-off the moment you begin to take questions from reporters there the federal reserve. hello, everyone. i'm cheryl and for liz. this is the last hour of trading. our fed chairman just finished speaking. as we just heard, the fed thinks the economic outlook is improving. the risks are decreasing. these are encouraging words about the economy. investors are really are taking a llt of profit off the table as they get ready for the fed to ease its bond buying program. as you heard him say, likely going to be toward the end of this year as he watches all the data. here are the major indices. the dow down 109. sixty-three do want to point out, we were down more than 170 points off as he began to speak. we have pulled back just a little bit. nasdaq substantially down, more than 1%. the s&p as well. the russell 2000. a broad base sell-off. whaa you call th

tracy byrnes. >> i am adam shapiro. we have a guess that had to says it is all because of a misunderstanding of what big ben had to say. nalyst who wonders whether it can survive. tracy: student loan rates are set to rise next week. gerri willis is here. she has broken down how much it will cost the average student. she joins us in a moment. first, it is top of the hour. time for stocks. nicole: we have had and lots of volatility. we were watching may 22 when bernanke began to talk. we were around 155. then we dropped to 145. with that being said, the bulls are out there and happy we did not go further to the downside. the s&p 500 is actually squeezing out a game. ibm is down. that is one reason you are seeing weakness here today. june is a weak month. we will be snapping the winning streak. a lot of traders still watching the ten year very closely. right now it is that 2.51%. every time it goes above that, people get nervous and then they sell. when it is below that, they buy it back. still very cautious of what the fed is doing. back to you. tracy: thank you. cu and 15 hits. the yellow metal is having its worst quarte

tracy, couple of seconds, the vix, cheap right now, no? >> yeah. i don't know ny people that make money trading off the vix. know uncle ben'sre moneyey, more money. get in the market. >> eric: more money. that's it for us. thank you for joining us. remember, we wor hard. we pay oaxes. and lawmakers continue cashing our hrd wk. while the obama administration is embroiled in three scandls, rememberelections matter. 2014 midter are coming up around the corner. register to vote and make your voice heard. see you on "the five." have a great weekend, [♪...] >> announcer: the following program isrought to you by nopalea, the anti-inflammatory wellness drink by trivita. stay tun to learn how you can receive a 32-ounce bottle of nopalea free. >> a few months ago, i had a hard time walking this hill. but toda i'm doing it pain-free. do i he a secret? you bet. and that's why i'm here today to share that secret with you. >> announcer: could a natural wellness drinkeally help ople with painful symptoms like chronic neck and back pain, swollen joints and muscle aches? or h about even sinus infections, skin disorders respiratory problems

tracy, couple of seconds, th vix, cheap right now, no? >> yeah. i don't know many people that make money trading off the vix. we know uncle ben'sok is more money, more money. get in the market. >> eric: more money. that's it for us. thank you for joining us. remember, we work hard. we pay our taxes and lawmakers continue cashing in on our hard work. while the obama administration is embroiled ithree scandals, remember elections matter. 2014 midterms are coming up around the crner. register to vote and ke your voice heard. see you on "the five." have a great weekend, >> tom: witall the scandals rocking washington, there is plent of advice going on. how should the president eact. can congress really get answers and solutions. sage avice is nded. so let's ask a man who served many presidents and spent a long time inur nation's capital. we're talking with donald rumsfeld right here and right now. >>om: thanks for joining us. here at the top of the stack, the government, his government service started as a naval aviator then as a congressman. he ran the office of econom opportunity the ambassador of nato. white house chief of

tracy, couple of seconds, the vix, cheap right now, no? >> yeah. i don't know many people that make money trading off the vix. we know uncle ben'sre money, more money. get in the market. >> eric: more money. that's it for us. thank you for joining us. remember, we work hard. we pay our taxes. and lawmakers continue cashing in on our hard work. while the obama administration is embroiled in three scandals, remember elections matter. 2014 midterms are coming up around the corner. register to vote and make your voice heard. see you on "the five." have a great weekend, everybody. >> it's 5:00 o'clock in new york city and this is "the five". >> the media still has questions about the justice department's seizure of fox news reporter james rosen's personal records beginning in 2010. but they are struggling to get answers. why? because the administration is avoiding, dodging and denying. here are two examples in just the last 24 hours. first, justice department is trying to explain themselves, but the meetings are largely off the record. second, the white house denies any involvement or responsibility. >> can i take you back before

tracy: i feel that we don't trade on anything it is on what ben bernanke says. >> short-term, yes.hich if you are responsible to bring to a stock market back. thank you. but over the long term definitely with the most important predictor of future stock performance is how cheap day are relative to cash flow to when you ran some screens? >> i did a nerd out to when you are a good word. >> principle is the next block of the money for the retirement plan like a 401k and annuity but it has a big presence in emerging markets anywhere with a growing middle class. it does have financial market exposure so you can see volatility in the short term but constantly growing the asset base it is at 12 for 13 times earnings. little better than decent. tracy: the next one is the play on oil? >> equipment for offshore effort will rigged but it has two-thirds market share in the areas where it is specializing. it is the industry standard and in to break up with new production requirements and to say it could be double the. >> they have to keep this current and then do take a chance on a mishap. >> f

tracy: this is like when the kids play telephone if you ask me. there are rumors of the fed cutting back on easy money everywhere. federal reserve chairman bened may well be ready to ease up on the bond buying program as the fomc meeting gets you know way today. peter barnes is in washington, d.c. with all the details. you wonder if they planted some of this little stuff on purpose, peter. >> well, tracy, most analysts i talk to do not expect a change in fed policy. they expect continued easy money. expect continued quantitative easing. but, the press conference tomorrow after the meeting, the two-day meeting ends, gives chairman ben bernanke the opportunity to clarify or even walk back some of the comments he made last month about the possibility of tapering the bond purchases by the fed, the $85 billion a month, to comment on slowing quantitative easing. >> he can't say too much because he doesn't know himself when they're going to start tapering. but i think he needs to sort of make it clear, no it is not imminent in the this meeting or the next meeting. >> we'll also get a statement from the federal open market committee and that will al

tracy: we were talking about the fed and liquidity. it seems that uncle benok out around the world, right? everyone is pumping money in. as a result there are a lot of opportunities overseas, aren't there? >> oh, yeah, absolutely. i'm overweight international space in general. obviously japan is really just getting into in some ways, a big qe program. the ecb keeps hinting about cutting rates. emerging economies around the world are cutting rates. even though we can debate when our qe programs end and when our rates go up, probably not going to be anytime soon, the next move in rates here will be up. because they can't go down. tracy: sure. >> so i think the u.s. stock market is going to do well but i think the international space, probably, if you measure by the efa index probably will do better than the s&p 500. tracy: rob, quickly before i let you go. are you in the international space v. -- via etfs or stock specific? >> etfs definitely, tracy. certainly for an individual investor that is the way to go. tracy: rob morgan, love talking to you. fulcrum secu

tracy: that will go down in the history books as the miracle of uncle ben.k you very much. adam: we have breaking news. new york city mayor michael bloomberg is announcing a nearly $20 billion plan to protect new york city from storms and global warming. the plan includes removeable flood walls for much of lower manhattan, plus levees, sand dunes and more across the five boroughs. bloomberg's proposal comes after a study that started% after super storm sandy flooded parts of new york stock exchange. >>> the latest on the nsa leak. edward snowden fired by contracting firm booz allen hamilton for violating the firm's code of ethics this after he admitted he leaked secret information on the government's top surveillance programs. rich edson live in washington, d.c. with the details. >> good afternoon, adam. security officials are about ready to brief members of the senate intelligence committee on the surveillance programs. they will brief house law make this afternoon. as for edward snowden some question whether contractors should have access to top secret inf