bertha coombs has it all for us. >> good evening, larry. it certainly seemed like a sure bet.hy the billionaire decided not to pursue an appointment as the u.s. ambassador to france. sources telling cnbc he withdrew his name from consideration this week, in large part, because the obama ma administration was pressing him to move his stake. in the past, some wealthy nominees have been allowed to place assets in a blind trust, which means they had no control over their investments. sources say the white house was requiring the firm to sell its position in france, which are worth roughly $400 million. lasry is a long-time do nor to the clintons. chelsea clinton worked for him. he had social connections apparently with a poker ring that is now alleged to have included two men involved in money laundering and that proved to be the last straw in negotiations that have already reached a standstill, according to sources. >> all right, many thanks, bertha coombs, we appreciate it. >>> all right, now we want to get a look at these insider high stakes, big name poker games and find out w

cnbc's bertha coombs has our update. bertha, good morning. >> good morning, richard. stocks posted decent gains on tuesday. the dow and s&p 500 closing at new all-time highs. investors get data today on private sector jobs and the services sector. >>> the obama administration is pushing banks to make more mortgages available to people with weaker credit. "the washington post" reports critics say the move could lead to the same risky lending that caused the housing crisis. >>> and #earnings. the s.e.c. will now let companies make major announcements on facebook and twitter that could move their stock. current rules require all investors to receive significant news at the same time. from cnbc's global headquarters, i'm bertha coombs. back to you. >>> now to business where a couple of recalls. subaru is recalling more than 200,000 legacy and outback models from 2005 to 2009. for possible corrosion in brake lines. >>> to a tyson recall of 127,000 pounds of uncooked breaded chicken tenderloins because they are not labeled as containing soy which is an allergen. >>> rapper

a lot of information, thank you, bertha coombs back at headquarters. rning former mayor rudy giuliani is with us. mr. mayor, thank you for your time on a busy day. >> you're welcome. >> i'm sure you heard the information bertha just brought us. at this point, what are you most interested in knowing? what questions do you have? >> first, you want to focus that you want to catch this guy and no one is killed in the process of doing that, which is why they have cordoned off such a huge area. that's basically boston and i most of its suburban areas are in lockdown. people might wonder why they're doing that. they're doing that because they don't know where they're going to catch this guy and what kind of gunfight will happen once they catch him and if there are people on the street and people in the way and innocent people will die and enough innocent people have died already and that's a very sensible thing to do, the second issue which we have time for to examine and probably will examine over the next several days is why people from chechnya -- what's th

. >>> welcome back to "fast money," i'm bertha coombs. a rough day for nuance.orting worse than expected earnings, down 18% on the day. then this afternoon getting news that carl icahn already with a 9.25% stake has upped that stake buying stock today, his icahn partners master fund buying over 10 1/2 million shares, raising the stake now to 10.7%, putting him just behind pinkas. among the things they've talked about today was that they were authorizing a $500 million share buyback. if they're nervous about carl icahn's stake growing, hopefully bought some of those shares today. >> thank you so much, bertha coombs. >>> are they saying to sell in may and go away? let's check the charts. now, carter, you flagged this a couple weeks ago. your concern that the market was divided. there's a bifurcation going on. >> it goes to the fundamentals at the end of the day. when people are crowding into one area and abandoning another, you get to these spreads where it's not sustainable. but it's the circumstance, the mindset that gets you there is the reason it ends badly. w

for the details on that and a list of other interesting nuggets, we turn things over to bertha coombsbertha, good morning. >> good morning, jon. >>> futures are higher. the stock posted small losses on monday, pretty low volume. the number of european markets and asian markets were closed for the monday after easter. the s&p 500 index sow its first loss on the first day of a new quarter in more than a year. we are going to get data on factory orders, the dow ended the day down five points to 14572 while the nasdaq lost 28 to 3239. mr. kindle is meeting kindle. amazon has hired charlie kindl who spells his name differently than the popular software device. he left in 2011. he isn't saying what his new role will but he says he is the director of something secret on his linked in page. the rumor may start to spin on whether amazon is thinking about its own phone. i am director of something secret here at cnbc, so secret i don't know what it is. >> you have really got my attention. we will have to continue this conversation later. >> mysterious woman there. time to check the forecast now

bertha coombs looks at the so-called rip van winkle trade. bertha?tyler, you know, that may be how a lot of investors, individual investors, who have been leery of the stock market are feeling. about two-thirds of s&p 500 stocks have seen double-digit gains, up 10% or more, already this year. scores of blue chip stocks are at historic highs, from 3m and pentary and the industrials, gilead sciences and biotech, and a lot of consumer and media names, like home depot and disney. jason segel says don't chase growth, look for value and cash. dividends. >> i think that is the source of income, to, you know, individuals retirees, the baby boomers looking forward, they're going to get inflation protection, they're going to get growth. >> look for stocks with less expensive price-to-earnings ratio than the high flyers like car rental from avis says lyrical asset management andrew welton. he says look for those value plays that people may not love. and art hoegen at lazard says, go for apple. the unloved is set to rebound, he thinks. back to you. >> all right,

cnbc's bertha coombs has that and much more. good evening, bertha. >> good evening, larry.ple taking the first step in issuing debt, starting at $17 billion and maybe reaching as much as $55 billion over the next few years. apple is going to use the money for is to be buybacks. you say why do they need cash, they have a $100 billion mountain of money, but most of it is tied up overseas. >>> the first u.s. based internet poker site, only good for players in nevada. new jersey and delaware have also approved online poker, but haven't launched sites yet. >>> and we end with the weather because april has been a cruel month. the second-coldest on record for the u.s., and very snowy in many parts. cities in minnesota, south dakota and colorado all set april snowfall records. and the craziness doesn't end there. listen to this. lubbock, texas, today's high is 90 degrees. by thursday morning, the temperature will have dropped to 30 degrees below zero. that's right, 30 degrees. a 60-degree drop in about a day-and-a-half. wild, wicked weather out there. >> i'm going to ask my friend,

bertha coombs has more. >> nothing quite so explosive. futures pointing to a higher start. dow and s&p 500 closing at new all time highs. private sector jobs and the services sector. president obama is pushing banks to make more mortgages available. "the washington post" reports the move could lead to the same risky spending that caused the housing crisis. #earnings. companies can now make major announcements on facebook and twitter that could move their stock. all investors are required to receive the news at the same time. but you have to let them know you might make the announcements on twitter and facebook. >> interesting. i have to follow these companies now. get that inside info. thank you. >>> a couple recalls to tell you about. subaru is recalling 200,000 legacy and outback models for possible corrosion in brake lines. tyson is recalling products because they are not saying they have a product in there. >>> jaycee's rock nation is teaming up to form rock nation sports. >>> talk about a pay cut. jc penney ceo received no bonus and was paid a mere t million. it's down

>>> let's turn things over to bertha coombs live at cnbc headquarters. >> hi, jon. hey, good morning. futures are pointing to a higher start, stocks posting decent gains tuesday, s&p closing at new all-time highs with health care leading the way on the government's medicare reimbursement decision. data on private sector jobs from payroll processor adp in about half an hour or so. we'll get service sector data later this morning. the dow will start the day at 14,662, rise in 89 points, nasdaq starts after gaining 15. reportedly the next iphone could be in stores by this summer rather than the fall, like the last two models. reports say apple will begin production some time this summer. the company is also allegedly still working with its asian suppliers on a cheaper iphone that could be launched either in the summer or fall. the four-inch device in that case would likely use a different casing, maybe plastic rather than the metal that's on the higher-end phone. i'm kind of disappointed when they bring out a new one after i just bought mine and now mine will be old. y

. ♪ >>> welcome back to "fast money," i'm bertha coombs.t to update you on the latest update from officials in boston on the boston marathon bombing. fbi special agent in charge says they have sifted through some 2,000 tips so far. he talked about the bomb. what went on in the making of those explosive devices. he said they were encased in pressure cookers and he detailed what they have gathered so far from the forensic evidence. >> among items partially recovered are pieces of black nylon which could be from a backpack. and what appear to be fragments of bbs and nails possibly contained in a pressure cooker device. we have expediting this evidence to our laboratory in virginia for a complete and thorough analysis. >> they're also appealing to the public saying that someone did this and someone may know that person. they are saying if you know anyone who had -- set a suspicious interest in targeting the marathon or whether you heard any noises of explosives in the last few days, those may have been rehearsals. and whether you saw someone ca

bertha coombs is here to tell us about it. it's a complicated issue. >> well, it's a private insurance and medicare does reimburse those insurers. more than 15 million -- 14 million seniors buy those from insurers. they're popular. to get the extra coverage beyond medicare itself. cms the health department's center for medicaid and medicare services said that the growth rate for reimbursing the insurers in 2014 is going to be over 3%. a big reversal from their proposal last month that would have cut medicare advantage rates by more than 2%. they based that reversal in part because of a statutory medicare rule that normally cuts doctor reimbursement rates. next year it would be a cut of more than 20%. but the doctor rate reimbursement cuts which most people in medicare watch very carefully never happened. for ten years congress has instituted the doc fix. after heavy lobbying from insurers and members of congress and from both sides of the aisles and seniors themselves, cms today said it is setting plan growth at 3.3% instead,

well want to go to bertha coombs. she is live in the newsroom right now with the latest on this tragedy. bertha, what can you tell us? >> maria, the white house tonight, as you've been saying, this event with multiple explosion is clearly an act of terror. boston police commissioner ed davis says two separate explosions occurred about ten minutes to three thank afternoon. this was after the elite runners had come through the finish line. the two about 50 to 100 yards apart near the finish of the bost on boylston street near copley square. police later founded a third device that they disabled through remote. the area was still crowded with late finishers, many of them running for charities, and their families and friends and well wishers were along. police have confirmed at least two dead. scores of people hurt in those blasts, with area hospitals reporting that they have receive in order than 80 of the injured. mass general hospital, the chief of emergency services says half a dozen there are in critical condition. so

we want to get to bertha coombs. she has breaking news. this is part of what went on when the market just hit the lows a few minutes ago. >> we are getting reports the boston police have confirmed that there was an incident near the finish line of the boston marathon. 673 boilston street. police say police, fire and ems are responding. nbc has spoken with william ritter. he's the former director of operations for the romney campaign, now a current spokesman for senate candidate gabriel gomez. he told nbc he was near the finish line of the boston marathon at the time. he heard what sounded like two explosions. he said that he saw smoke rising from the north side of the boston public library. that's right there in coply square where the race ends. they cordened off the finish line, he told nbc. he was standing there. police are not allowing people to move as you can see from the pictures. the operations there have all stopped down. at this point we've heard of no reports of injuries. but, again, it appears that there were two explosions, bos

let's check in with cnbc's bertha coombs. bertha, good morning. >> good morning. it is one of those things we see all too often. had just stopped to honor the bombing victims. a lot of folks yesterday watching that unfold. and continuing to monitor the developments. markets are rebounding this morning. the dow is back up triple digits after yesterday's massive sell-off. investors encouraged by u.s. economic data this morning. the labor department reporting inflation remains tame. consumer prices fell slightly last month with gasoline prices coming down nearly 4.5%. oil prices are at an all-time low and the futures markets are mine months rather. housing construction rose to the highest level in five years last month. up 7% according to the commerce department. driven mostly by apartment building construction. upbeat earnings report also boosting stocks. coca-cola's shares leading the dow higher today. first quarter profits topped that expectations. soda sales were flat in the u.s. sales of water and other beverages were higher. sparking the better profits and gold

bertha coombs has the latest on that. >> we are getting the all clear in laguardia.e question of suspicious packages. they're much more on alert. they're watching updates for the fbi and out of boston. they are much more alert in their own area. you can see the picture of the ramp leading to the central terminal at laguardia airport. it had been cleared because of a report of a suspicious package. but now they are given the all clear so people can come back. clearly that's also impacting travel across the country as flights are delayed. flights can't land because of this heightened sense of alert. as far as we know, one official in washington saying having been briefed by national intelligence officials at this point they don't have much new other than what we are hearing over the air. they are working on what we call a lot of forensic reports. looking at the area to see if there are any clues left after that explosion, carl. >> of course, we are awaiting the president speaking. i believe we have a two-minute warning at the white house where he will begin speaking in

. >> bertha coombs is live at cnbc headquarters. good morning, bertha. >> good morning. i tweet stuff all the time, as do you, i know. futures are pointing to a higher start after stocks posted decent gains on tuesday. dow and s&p 500, both closing at new all-time highs. health care was the leading sector, leading the way after the government decided to hike medicare reimbursement rates. we'll get data in just a minute, literally, 60 seconds on private sector jobs from adp. last month they reported 198,000 jobs created. later this morning we'll get news on the services sector from the institute of supply management. the dow raising 89 points to 14,662, nasdaq up 15 to 3254. we won't say how long it will take for the nasdaq to get to an all-time high. back to you. >> 5,000 some. up to the minute news. we'll have that adp number for you in a little bit. >>> normally 97% off jcpenneys would be a good thing. not when it's your salary. board of directors at penneys cut his pay. he came from apple where he was responsible for apple's wildly successful stores. his same ideas ha

bertha coombs is at the courthouse and she has details. bertha? >> indeed, david.ill take in a hearing today on whether the whole real estate trust can go forward. a major challenge being brought by minority shareholders in the empire state building. the iconic 102-story tower will be the crown jewel in a real estate investment trust proposed by the malkin family and it will be called the empire state realty trust and it wouldn't just include the tower. it would also include 1.5 dozen other properties in the malkin holdings. they hoped to raise about $1 billion. so far, peter malkin who is the chairman of malkin holdings says that he and his family have managed to convince 75% of the shareholders to take part in the buy oit. they get bout out for $100 a share and get interest in the reit. the judge now has to decide whether that is fair. there are other shareholders who have objected who say they don't think that's a fair value for their property. they also feel that their property value will be diluted by the reit itself. how did some of these individual sharehold

bertha coombs at headquarters. let's bring in sue herera. you've been monitoring the latest updates, too? >> yes, we have, carl. we're trying to constant pat rowan. he's a national security expert. i'm joined by my colleague, michelle caruso cabrera. we're going to be live on the set for 12:00 to 2:00. our team coverage continues. we're going to go to our own brian shactman who is live at new york's penn station. brian, michelle and i were talking about this third accomplice who apparently boarded a train south. what are the security issues in penn station right now? is security being ramped up, from what you see? >> yeah. i actually spent time inside. i've traveled through penn station. they also have national guard and police presence. it is absolutely stepped up. it almost feels like double the amount. in terms of foot traffic, there is crowding but not like you would usually expect on a friday at penn station. i talked to a few people trying to get to providence, rhode island, and don't quite know what to do and there's been confusion ab

let's turn to bertha coombs for a look at the broader markets. good morning. >>> good morning. i apologize in advance for the fact that stocks were lower yesterday. this morning, we have the futures a little higher, scott. stocks did fall on monday just slightly. low volume. a number of markets in europe and asia were closed for the monday after easter. the s&p 500 started off the quarter on a loss. this is the first time it started the quarter on a down side in more than a year. we are going to get data on factory orders. the dow starts at 14572 after slipping five points. the nasdaq starts at 3239 after losing 28. watch health care stocks, particularly the insurers. cms, the sen trs fcenters for m and medicaid. a big reversal when it comes to rate expectations. a lot of the providers, like humana, are going to see their stocks higher. >> we'll watch tesla. shares are going to open at an all-time high, jumping 20% monday after that announcement. the company expected to turn a quarterly profit for the first time. once again, jon and laura, he had an even bigger announcement set

let's get to bertha coombs. she's got the story right now from the nymex. hi, bertha. >> hi, maria.one point, gold down more than $70 and we are seeing it down further after hours, after closing in bear market territory, as you mentioned, down the lowest since july of 2011. and that is one of the areas that folks are looking at, 1480. that was the july 2011 low. some traders are saying they're watching that, but they don't expect that to hold. they're watching to see whether gold will move below 1450. below that, there really isn't all that much support in any of the recent numbers that we have seen. what's interesting, we're seeing this big move out of gold, also, when it comes to the gold etf, the gld, the biggest holder of actual gold reserves. it's been selling them off and the sell-off today was wig, at five times the average daily volume, maria. >> amazing numbers there. thank you so much, bertha. if you think gold has it bad, check out the last two days of trading in bitcoins. the virtual currency wiping out about two-thirds of its value. there's the chart. the u.s. dollar ve

bertha coombs is at the nymex to round up today's energy news. bertha? >> we saw a big move up today in terms of wti nymex crude. the concerns about the situation in syria, also the weak dollar as well. supported to crude prices. we ended the day at a two-week high with a really strong technical move above the 50-day and the 200-day moving average today. brent also higher on a report from reuters that a major pipeline in the north sea may be shut down for almost all of june for maintenance, and that could limit some production there. you know, oil prices moving up today, but they are still off more than 10% from a year ago, and that is posing headwinds for the big oil and gas producers. exxon's earnings, just topping expectations, really on its chemicals and lower tax rates. conoco earrings were right in line for the first quarter. what's interesting is both of these big producers saw production come down, as it's more costly more them to produce overall, globally. although the u.s. is one of the places where they're producing the strongest. in exxon's c

let's get to bertha coombs to give us more detail on this terrorist attack on an amtrak train between. bertha? >> we are hearing from the press release from the royal canadian mounted police they have arrested two individuals for terrorism related charges. they actually said that it was against a via passenger train. it does appear that this was a cross-border situation. as a result of extensive collaborative efforts, they say, they were able to disrupt the threat early. they believe that these individuals had the capacity and intent to carry out these criminal attacks, but there was no imminent threat to the public. similarly, this does not appear to be at all related to the boston terror plot. back to you. >> i was reading earlier as we were getting word about this, they've been following these guys for over a year now. i mean, they were tracking them pretty closely. so i would imagine, bertha, i mean, we don't want to get into the area of speculation. but if -- it looked like they were going to get started on this, whatever they had planned, it was probably going to be sooner rathe

cnbc's bertha coombs has that story and a lot more. >> facebook's mark zuckerberg making the big announcement. he unveiled new software for android phones called home. it would allow use towers access their facebook content like pictures and messages from their phones home screen. facebook has been under pressure to get more advertising on mobile devices but analysts are not convinced that home is really a game changer. enron's jeff skilling could get an early release from prison. he's serving a 24 year sentence for his role in the fraud at enron but his lawyers are trying to work out a deal with the justice department to get him out early. a why said his sentence was too harsh but so far resentencing has never happened. movie critic roger ebert died today at the age of 70 after a long battle with cancer. he stayed busy reviewing more than 300 movies last year. he's best known for his work with partner gene siskel on television. two thumbs up for roger ebert. very sad when i heard that. >> he justified movies as a high brow kind of thing. >> de. the other thing he had this horrible battle wit

. >>> i'm bertha coombs with your cnbc market wrap. stocks finish off of lows of the day.n 40 after falling triple digits earlier in the session. the s&p 500 was down 6. the nasdaq up just over 21. >>> you may have heard earlier8 last month. the unemployment rate fell to 7.6% but main to people leaving the workforce. >>> worries of north korea, it asked foreign embassies to consider evacuating staff due to increased tensions. that's it from cnbc. we're first in business worldwide. now back to "hardball." >>> of course, the big question now about hillary is, what's next? >> the big tease. welcome back to "hardball." that was of course "daily beast" editor tina brown who on this program endorsed hillary clinton asking the question on everyone's mind, what's next for hillary clinton? no one knows the answer yet. well, you can say that, will she or won't she? we do know one thing. she's back in the public eye very much so this week. talking about work still needing to be done. let's listen to her today, this morning, in fact. >> this truly is the unfinished business of the 21s

. >>> i'm bertha coombs. the dow surges 128 points to another record high. goes along as well, up 19 points. the nasdaq gains 59 points to close at a 12-year high. minutes from the federal reserve's latest meeting show policymakers growing concerned about risks from stem lus measures, but most say the risks are manageable. and earnings from bed, bath & beyond came in in line with expectations. shares are higher after hours. that's it from cnbc. we're first in business worldwide. now back to "hardball." >>> today, i'm announcing my resignation from congress. so my colleagues can get back to work, my neighbors can choose a new representative, and most importantly, that my wife and i can continue to heal from the damage i have caused. >> so what was worse, the hanging of saddam hussein or that scene? pretty rough. somebody yelling pervert. the poor guy was just trying to get out of politics. he had a press conference. look how he was treated. we remember that moment. we saw the lewd photo, i don't think we're going to show it, that got him in trouble. he tweete

. >> thanks so much, bertha coombs. we have 30 seconds on the clock. here to tell us what they are looking for to influence trading tomorrow. good to see you both. thanks, gentlemen. channing, you're up first. what do you want to be prepared for for tomorrow's opening bell? >> capital advisors, we are watching europe very closely. we don't think cypruses out of the woods yet. we are watching sovereign default and yields and the direction of the euro. we are looking at auto sales tomorrow. we expect that number to be well over 15 million. that's been a strong part of the recovery. we expect that to continue. we'll be watching federal reserve speeches this week. we have seven going on. two will happen tomorrow. any hints of monetary policy we'll be watching. lastly and most importantly, i would like to wish me daughter a happy birthday. she turns 3 today. >> happy birthday. steve, you're up. >> getting back from europe, spent the week there last week. it's definitely "les mis" pmi numbers should be awful. vehicle sales should be strong. we missed the num

. >>> i'm bertha coombs with your cnbc market wrap.he dow gains 59 points to close at a fresh all-time high. the s&p adds 5. the nasdaq is up 15. >>> one stock missing out on today's rally, jcpenney. shares sliding 12% after the retailer said former ceo mike alman will return to lead the company. >>> as for economic data, wholesale inventories posted their biggest decline in over a year in february, as petroleum stocks fell. economists had expected a gain. that's it from cnbc. we're first in business worldwide. now back to "hardball." >>> welcome back to "hardball." in the fast 30 days, of course, we've seen a tidal wave of democrats publicly supporting same-sex marriage. republicans, however, have been largely well resisted to change on the subject. no matter what the demographics of the 2012 election told them. and rick santorum, winner of the 2012 iowa caucuses eventually, and clarion of the cultural right told "the des moines register" today in effect the more things change the more the gop will stay the same. "the republican party

for more on that ruling we want to bring in bertha coombs.se payments. >> unprecedented. analysts are raising price targets and after that big reversal, and which is now projecting growth in the medicare advantage. by all accounts, it represents the best case scenario. jefferies analyst says it gives better visibility on 2014 earnings and it called the reason for the cms reversal unprecedented and the agency went from a proposed negative 2% growth rate in medical costs to a positive growth rate of over 2% after changing its calculation on next year's budget. by law, reimbursement rates for physicians are due to call 24% and congress will again find a so-called doc fix and those will be unchanged. humana, the new assumption still means rates will be lower in part because of new risk-adjustment factors under health reform. this morning humana ceo bruce brussard praised the decision, but says it will be negative in some markets and he managed shares to a 2-month high because without it the impact would have been a drop of 7% or 8% for 2014 when

. >> bertha coombs, thank a lot. >>> the android announcement a few hours away. facebook close to its lowest levels of the year. >>> serving slices of march madness. we'll talk domino's with ceo patrick doyle about his game plan for boosting business in this economy. [ male announcer ] what?! investors could lose tens of thousands of dollars in hidden fees on their 401(k)s?! go to e-trade and roll over your old 401(k)s to a new e-trade retirement account. none of them charge annual fees and all of them offer low cost investments. e-trade. less for us. more for you. and all of them offer low cost investments. at tyco integrated security, we consider ourselves business optihow?rs. by building custom security solutions that integrate video, access control, fire and intrusion protection. all backed up with world-class monitoring centers, thousands of qualified technicians, and a personal passion to help protect your business. when your business is optimized like that, there's no stopping you. we are tyco integrated security. and we are sharper. her long day of pick u

bertha coombs joins us from the breaking news desk with more. joe, the manhunt is concentrated right now on watertown, but it is really sening shock waves across the hub. lots of closings in boston. m.i.t., where the mayhem began last night, is closed today. as is harvard university in cambridge. emerson in boston. boston university is now has it is closed as of about 5:00 a.m. this morning. the mbta in boston was shut down and now we are hearing that all activity in terms of amtrak in and out of south station, no doubt in the back bay, as well, is delayed because of police activity. let us get you updated on what happened. this has really been an amazing scope of violence overnight. it began in cambridge overnight. that is across the river from boston at about 10:30 p.m. an m.i.t. police officer was discovered shot and killed in his police cruiser. there had been noise and reports of shooting about 10 minutes earlier. after that, police say it appears that the suspect car jacked a mercedes suv and then began to flee. and police ensued pursuit.

. >>> bertha coombs at the nymex. >> morning, carl. energy is mixed.s to extend its gains after that bigger than expected drawdown yesterday in the government eia energy report. this morning we are looking for nat gas to build of about 27 to 31 billion cubic feet. that's little less than an hour away. here we've been watching gold. everyone is talking about the fact you are seeing physical demand for jewelry, for gold coins. we're also seeing futures now up at a better than one-week high. one thing that people are watching is government demand. the imf reporting russia and turkey did buy gold in march. what's interesting is 2012 was one of the biggest years for gold purchases from central banks. so they are right now among the biggest losers with this pullback in gold going into bear territory. david, it will be interesting to see whether they continue to be buyers this year. back to you. >> it will indeed. interesting rebound there, bertha coombs, thank you. >>> talk about rebounds, take a look at shares of microsoft. we had the downgrades, we had ear

bertha coombs at cnbc global headquarters with more on the s.e.c.'s decision. rtha, i wonder if we shouldn't be tweeting this discussion. >> i did tweet i would be talking about it all fair disclosure. there are a lot of ceos who tweet. musk tweeted he would make that big announcement about tesla's leasing program and marissa mayer tweeting ahead of the s.e.c. decision. folks have been waiting for them to act on this because it's something that everyone does. s.e.c. will allow companies to use facebook, twitter and other social media to announce key news such as earnings or other material information. the new rule comes with one condition. companies must alert investors ahead of time about which sites they plan to use. so they're going to tell you where you have to sign up and follow them. current regulation rules requires that material information be disclosed at the same time to all investors. the decision stems from a probe last year into a facebook post by netflix ceo reed hastings on his personal facebook page he announced netflix's online views topped the

bertha coombs has more. >> this story not just rocking kpmg but wall street as well.tigators in los angeles are looking at former partner scott london on allegations that he leaked nonpublic information on companies that he was auditing. the revelations made for high drama at the opening bell. shares of herbalife and sketchers halted after the start of trading after announcing that kpmg was stepping down as their auditor because of the probe. they issued a statement saying they could not serve as impartial auditor after a leak of information of the firms involved. sketchers cfo saying he was informed of the news yesterday reading a prepared statement that said senior audit partner in southern california was under investigation for selling nonpublic information over the course of several years. kpmg said they admitted to doing it and was cooperating with federal investigators. no one other than the lead partner was under questioning. sketchers says certification of financial statements are withdrawn for two years under london's auditing. the company doesn't believe rep

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bertha coombs from the ny -- or from the cnbc global headquarters this morning in new york. >>> eurozonemanufacturing activity contracted further in march hit by ongoing trouble in spain. north korea fuels war fears, saying it will restart its nuclear reactor despite warning from the incide from the international community. >>> and here is a look at today's other top stories. carl icahn is back ate. the billionaire investor has disclosed investments in nuance communications. apple usesnce part of the iphone. on monday, nuance will launch a voice activated ad. shares in germany up nearly 6% in frankfurt trade. >>> and a federal judge has ruled the city of stockton, california, is eligible for chapter 9 bankruptcy. the judge dismissed auditors. the city didn't exhaust every attempt to seek concession. he said investors failed to negotiate in good faith. tights largest u.s. city ever to file for bankruptcy. it could set a legal precedent for others that are cash strapped. >>> charlie kindle did leave microsoft in 2011. am zone won't say exactly what his role will be, but on his linkedin pag

. >> you know bertha coombs's brother -- >> was they? is he single? is he in jail? not that there's anything wrong with that. >> well, we talked about earnings earlier. we've heard from honda this morning overseas. japanese automaker posting a 6.6% year on increase quarterly net profit. honda, of course, has been helped by the yen's rapid depreciation. strong sales of the accord and crv models in the united states. it's interesting to see how a lot of these companies operating across asia are responding to the depreciation in the yen. some say it's a good thing, some say it's a bad thing, but either way, they have to figure out how to posture. >> i think they'll love it. >> i took it all the way back for no reason. you know, for a company that has worked years and years to get out from under that. >> just goes to show how quickly you can tarnish a reputation. >> all right. now, they want me to read this. you're an up and comer, a go-gutter. i don't know why i can't sit here today and i'll do a few interviews or something. but can't i sort of be the emeritus anchor t

bertha coombs. >> gold is getting crushed. feeling the impact of the troubles in europe. some concerns that cyprus may tap the gold reserves in order to try to meet the debts. that started overnight. all the sale stops are being hit here. technically gold is very week here. down over 20% from the all time highs nearly three years ago. and another trader says at this point he is seeing a lot of funds just liquidating here. the next stop he's looking at is 410 to 1390. we're about $100 away he says on gold from the 50 day moving average on a monthly basis. so that's going to be something critical to watch here. silver, feeling double whammy with concerned about demand and silver getting hit harder. oil is follow iing along as wel. we're seeing a lot of the charts are broken on a technical basis. >> thank you very much. some important news there. we are beginning to cut our losses. >> it's an interesting day. and i know there's concerns about deflationary fears out there. there's an obvious reasons why certain sectors like commod