specifically on the merger of new score with bskyb -- news corp. with bskyb. first, i have strictly followed due process. seeking the advice of independent regulators, something i did not have to do, and after careful consideration, acting on their advice. i have published all the advice i have received together with correspondence between myself and news corp., including details of meetings about the process of this. as part of this process, my officials and i engaged with news corp. and its representatives and other interested parties, both supporters and opponents of the merger. transcripts of conversations and texts published yesterday between my advisor, adam smith, and a news corp. representatives have been alleged to the say there is a back channel through which news corp. were able to influence my decision. this is categorically not the case. >> the house must calmed down a bit. there will be a full opportunity for questioning of the secretary of state, which he expects that whether he expects it or not, that is what will happen. it is right and proper

s interest in bskyb while mr. coulson was still the prime minister? >> i had no communication or consultation with mr. coulson about this good when i was responsible for it. >> thank you, mr. speaker. i would like to ask my right honorable friend, who i also have seen serve this house with great privilege -- [shouting] could you clarify the role that the independent regulators oversee and ofcom play in this process? >> well, my reason to involve the osd and ofcom in this process to a much greater extent than is required to do under the enterprise act of 2002 was precisely because i wanted to address the concerns that members of the south and the public might have about me prejudging this issue. so at every stage i took for major decisions, each of those decisions were not the decisions that news corp. wanted, and on every ruling that i made i carefully consider that independent advice, and after considering it i followed it. >> mr. tony lloyd? >> printed the cultural secretary didn't answer my right honorable friend's question. this is important. did

had he discussed the bskyb bid with the prime minister? >> i imagine i expressed the hope that it would go the way that was judicial. >> jeremy hunt was the cultural secretary. he had a legal obligation to act impartially. the picture that emerged at the enquiry was of surreptitious contact with news international. council quoted from dozens of confidential e-mails from the office of jeremy hunt. >> you were being given private information about the secretary of state. >> i think this is a private view. >> council pointed out that jeremy hunt was acting in a quasi judicial capacity, deciding whether the news international bid could proceed. he was, in effect, a judge. >> he was in contact with this special advisor directly, so you were having interactions with him, weren't you? >> i would not say there were cobourg. i would imagine his advisers were communicating around other transactions as well -- out not said there were covert. >> froedtert michelle said he obtained a copy of what mr. hunt would be telling the house of commons the follo

your early career was in new corp oig asia. 2003, you were appointed ceo of bskyb. december of 2007, and this is particularly material for our purposes, you resigned as ceo of bskyb and appointed nonexecutive man, but rejoined news corp as chairman and ceo of europe and asia and became executive chairman of news international. is that correct? >> yes, that's correct. >> and to at that time story up-to-date, in march of last year, you were appointed deputy chief operating officer and chairman and ceo international of news corp. which took you back to new york beginning of this year. and on the 2nd of april, 2012, you resigned as nonexecutive chairman of bskyb. is that right? >> yes. >> and was your resignation related to your return to new york or was it for some other reason? >> as i stated at the time and announced at the time, it was for the simple reason that i wanted to avoid really becoming a lightning rod. some people were trying to conflate issues that had happened in the past at news international with relevance to my role at chairman as bskyb and i thought

unethically at all times, but he was worried his role as chairman could become a lightning rod for bskyb, as the resignation. the executive management team is still on the place. but it is different for james murdoch personally and the murdoch empire. >> it was said by some that james murdoch was going to focus on the pay-tv interest in the company. the fact that he has resigned from the crown jewel of the pay- tv interest makes it unlikely he will have a job in the pay-tv area. >> even with inquiries from any authorities continuing -- bbc news. >> now, if you are like me, you remember the day when dial-up service meant that high-pitched modem sound. for many americans in rural areas, the dream of high-speed internet is still elusive. for the 35 presidents of one california town, they are struggling to improve -- residents of one california town, they are struggling to improve their connection. they are hoping and nearby fiber-optic cable will help them. our video journalist would to hear their story. -- when to hear their story. -- went to hear. >> what distinguishes it from many other

he steps down as chairman of bskyb. is news corp getting closer to closing a chapt her. >>> and ed lazear says this may be the first recession that doesn't rebound to long-term average growth. >>> pg&e raised its price target on apple to $910. it will be the first market cap company. gene munster will be joining us at the top of the 10 a.m. hour. it looks like apple is set to hope at a fresh record high. yesterday we were mocking the wall street firm that came out with the $1,001 price target. one of the most influential analysts on the street making this call and perhaps legitimizing it, so to speak. >> last night in a fit of worry because a trusted source came to me and said, apple's not going to make the quarter, during halftime of that great game, i'm making calls to my best apple guys. it is a great quarter as i just hear over and over again. that the 4s is selling fantastic, that the tablet is selling fancitastifantastically. hast week, i had to have a potholder to old the tablet. don't back away. the story's grea

they very nearly got close to arranging the news corp buy-out of bskyb. >> will they ever be able to buy the rest of bskyb? is that now possible for news corp? will that be allowed to happen whoever is in power. >> to be honest i think the british people are finished with the murdochs. whether the murdochs are finished with britain is quite another matter. james has had to resign from his posts in the united kingdom and is now living in the united states of america. i hope he doesn't do -- create as much havoc with your broadcasting as he has in the united kingdom. but the thing -- sorry, go on. >> for you however you do not have the smoking gun. you've cross-examined them in person and in committee. you can't find the smoking gun to link them to the wrongdoing in the newspaper operation an presumably they're safe owning the licenses they do, the federal licenses here for fox. >> well, we'll see. i'm not so sure about that. the one thing that -- the le-- wasn't just hacking phones, it was paying police officers, it was destroying evidence. it was perverti

move to monitor activities have been pushed back and james murdoch decision to quit as chairman of bskyb. the paper says, because, in his words, he feared he would be a lightning rod for the business. the guardian shows a plan for breaking up the euro zone drawn up by an 11-year-old boy from the netherlands who has entered the high-profile economic prize which awards hundreds of thousands of dollars to the winner. a quick look at the papers and headlines around the world. >> this is "newsday" on the bbc. >> the headlines, mitt romney has taken another step forward in his bid to challenge barack obama for the white house, winning another presidential primary. >> machine -- an emergency has been declared in parts of texas after a series of tornadoes cause widespread damage. >> a memorial service is due it take place in oakland later to remember the victims of monday's college shooting which left seven people dead. the others were injured at the small privately run college which serves the city's mainly korean community. the accused one goh, former nursing student at the college, told polic

gable might not be having a bskyb with an open mind, if i can put it that way? >> he showed acute bias. >> that's fair enough, mr. murdoch. so the issue in place of the bid was very much on your mind in december 23, 2010, wasn't it in >> it was. it was a big question mark of what would happen going forward. there was no discussion with mr. cameron other than as i detailed in my witness statement which is simply he reiterated what he had said publicly was that the behavior had been unacceptable and i, you know, i imagine i expressed a hope that things would be -- in a way that was appropriate and judicial. our only concern during this period was that the correct and appropriate legal test was applied to this transaction. and i would have said it to anyone who would have listened. there was a tiny side conversation at dinner where people were there. >> it was just a few moments, is that right? >> i included here for completeness. >> fair enough. then other ministers, meeting with mr. law after he resigned as chief secretary of the treasury, after the 29th of may,

>> yes, that's correct. >> and was your resignation of nonexecutive chairman of bskyb related to your return to new york, or was it for some other reason? >> as i stated at the time and announced at the time, it was, um, for the simple reason that the -- i want today avoid really becoming a lightning rod. some people were trying to conflate issues that had happened in the past at news international with relevance to my role as chairman of bskyb, and i thought it was better to not provide a distraction for the board of bskyb and to resign my role as nonexecutive chairman. i remain a director of british sky broadcasting. >> thank you. the other general point, a deputy chief operating officer of news corp., you report to mr. chase carey and not mr. rupert murdoch, your father, who is the chairman and chief executive officer, is that right? >> that's correct. >> that said, were there discussions or are there discussions from time to time with your father about news corporation's business? >> yes. we discuss from time to time. quite often various business issues. >> i'll come back to that

may i move on now to the bskyb bid, please? paragraph 33 of your witness statement clearly denies you had any discussion with mr. cameron or mr. osborn about the bid, is that right? >> yes. >> did you have any discussions with mr. jeremy hunt about the bid? >> i don't believe i've ever met him, but i'm not sure he didn't come to a dinner once a couple of years ago, but i don't know. i certainly didn't discuss it. >> you know that he was new york between the 30th of august and the 4th of september, 2009, did you meet with him on that occasion, mr. murdoch? >> i don't think so, no. why? why would i? >> according to the registry of parliamentary interest, he met representatives of news corp., quote, to discuss local media ventures, but did he meet with you? >> i don't think. i don't think so. i have no memory of it. >> have you had any telephone discussions with him in. >> no. >>s has your son spoken to you about mr. hunt? >> no. he told me when mr. cameron removed mr. cable's responsibilities and put them to hunt, but i don't bel

may i move on now to the bskyb please? the paragraph 33 of the witness' statement clearly denies that you have any discussion with mr. cameron or mr. osborn about the bid; is that right? >> yes. >> did you have any discussions with mr. sharon hunt -- jeremy hunton about the bid? >> i don't believe i'd ever met him, but i'm not sure he didn't come to dinner once a couple of years ago but i don't know. i certainly didn't discuss it. .. >> has your son spoken to you about mr. hunt? >> no, he told me when mr. cameron removed cable and put in mr. hunt but i don't believe he commented on it. we were shocked by both what's mr. cabell said and the unethical means in which that was deleted from the story in the telegraph. they were clearly running the paper for their own partial interest. >> when your son told you about the replacement of dr. cable, did he tell you to this effect, well we have got someone better now? >> i don't think he used those words. we could not have had anyone worse but i am sure i am communicating the chest

were trying to conflate the issues that happened in the past with relevance to my role as chairman of bskyb and i thought it was better not to provide a distraction and to resign my role as non-executive chairman. i remain a director. >> thank you. the other general. , as its general offer a region operating officer, you report to the chief officer and not rupert murdoch, your father. is that right? >> that is correct. >> are there discussions from time to time of your father about news corp.? >> yes. we do discuss business issues from time to time. >> i will come back to that in due course as i may. i invite you to summarize what you say in answer to question six in your statement. about your objectives and the way you have undertaken your business role in the united kingdom. can you summarize that for us, please? >> question 6 relates to that general philosophy and practice. to summarize, i would say that with respect to operating a business when i was chap -- chief executive, i tried to foster a focus on how the customer of the business, and viewers, most of my career has been in televis

described as the point of contact between the minister and the murdoch's, bidding for control for bskyb. material included apparently >>> e-mails -- damning emails -- the culture secretary paid tribute to the special adviser and insisted that he had acted would scrupulous fairness in his traditional role overseeing the bid. >> transcripts of conversations and text published yesterday have been alleged to indicate there was a back channel through which news corp. were able to influence my decisions. this is categorically not the case. >> defeated many reminders that he remains under pressure, heat -- a feat needed any reminders that he remains under pressure, he had to endure this taunt. >> words which at good the scene sounded by the leader of the opposition just minutes before at a charged session of prime minister's questions. >> while this culture secretary remains in place, while he refuses to come clean on his meetings with rupert murdoch, the shadow of sleaze will hang over this. when is he going to realize it is time to stop putting his cronies before the interest of the country?

cameron at a time when the were launching a full buyout of bskyb. >> he is trying to clear not only himself, but also his son, who is getting an awful lot of criticism. >> he still has a very protective arm around his son. he was asked if he was surprised when his son arranged for a huge payoff of one of the victims of phone hacking. he said his son was just a little inexperienced at the time. >> thank you for that update. that is all for the moment. stay with us on "bbc world news." there is plenty more to come. mkw >> make sense of internation news at bbc.com/news. >> funding was made possible by -- the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, and union bank. >> at union bank, our relationship managers work hard to understand the industry you operate in, working to nurture new ventures and help provide capital for key strategic decisions. we offer expertise and tailored solutions in a wide range of industries. what can we do for you? >> "bbc world news" was presented by kcet los angeles.

relationship with jeremy hunt, with other politicians, especially during that hostile takeover of bskybld be the mosecond most humble day for rupert murdoch since july. that being said, the answers we heard from james murdoch yesterday took a matter-of-fact tone. this conversation is likely to be more dramatic than day-by-day, minute-by-minute-type events. it will be quite the show, quite the political theater, and we'll be reporting live outside the royal courts of justice to bring you all the details. >> kayla, thanks for that. sorry about the british weather you have to put up with there. >> there are always relationships and other things. i suppose the question is how much out of the ordinary was the murdoch relationship compared to others with the british government? >> i think we have to wait to see what jeremy hunt says. i think labor in danger of jumping the gun on this because what has come out is that the lobbyist mr. michelles was freely using jeremy's name when on occasions he hadn't been talking to jeremy. whether he was purr vaiing the views of jeremy hunt, we'll see, but

murdoch, that was said in the context of the alliance which was forming defense the bskyb bid, and he made it clear quite frankly the philosophy under pinning that alliance was commercial considerations rather than legal considerations. he wasn't making a broader statement as regards the daily news and -- >> he said they were going to do just the sort of thing you have been attacking -- alleging that i do, that he was going to be driven by commercial interests in his editorial policy. the words are very clear. i might expect it of other newspapers. i didn't expect it of the mail. >> i will stand to be corrected or probably affirmed by those behind me. i am pretty sure i am right on this. let's not debate mr. daker today, mr. murdoch. would you agree that the -- >> i need a transcript. go ahead. >> would you agree that maintaining high ethical standards in newspapers costs money? >> no, i don't. i agree that failure to maintain ethical standards can be immensely expensive as i am here witness of today. >> that's certainly true. we'll come to that. in order to have proper systems in pla

james murdoch did bring up the question of the bskyb bid. murdoch owned a stake in that, but they wanted to launch a takeover bid. he is admitting that social life, politics, and the business of the murdoch empire does come together here. >> thank you very much. the former international -- the former chairman of news international also said he thought phone hacking was a thing of the past when he took over the newspaper. let's move on to fighting in pakistan. exodus of refugees near the country's border with afghanistan. thousands of people streaming into refugee camps every day. pakistan's army recently stepped up its long-running fight against the islamic militia group. around 200,000 people left their homes because of the violence. the refugee camp that has taken in most of those refugees -- >> it is a familiar story of people being displaced after a new operation started by the pakistani army. this is the refugee camp. at the moment, around 10,000 people per day are thought to be registering after new fighting. with me is the operations

at the same time, he was considering the company's multibillion bid to purchase british broadcaster bskyb. news corp's feet are being held to the fire at the hearings. it's not the only obstacle the company faces. there are three ongoing criminal investigations. so far, 43 people have been arrested, and of those, 11 could soon face criminal charges. more than 100 lawsuits have been filed in the uk. more may soon be filed in the u.s. and that is perhaps news corp's executives biggest fears. news corp based in the u.s. has global reach worth an estimated $60 billion, it owns influential u.s. media companies, including 20th century fox, the wall street journal, and fox news. tonight its 81-year-old founder in chief gets ready for another round of grilling in the morning, and another reminder that the scandal is far from over. stephanie gosk, nbc news, london. >>> also in the uk tonight, a tantalizing statement from scotland yard. madeleine mccann, whose disappearance during a family trip to portugal almost five years ago, caught worldwide attention, could conceivably still be alive. that pos

and in june they approached bskyb with an offer to take over the company. he would describe the way that timeline took place regarding the regulation. take a listen. >> i don't think government's approach to the bid was something -- which governor's approach to the bid was something that was necessarily high on our mind. between new york and london we had legal and blackaffairs executives working tight live on this and they made an assessment from a regulatory perspective, there was, you know -- it was a sound transaction and that we would be able to get it through. >> so the question was not necessarily whether they would get the transaction through but really how long it would take. we know with a lot of these european deals, they can take a long time. look at the timeline once the regulation started set in. it was november 2010 when the european commission opened its investigation and later in november james murdoch met with politician who is backed the deal from the conservative party to talk about the priority to get the deal through. in early 2010, th

the very least the possibility of obstacles been placed in a way of your bid for the many shares of bskyb. [inaudible] >> no. [inaudible] >> yes, certainly. >> i think he was digesting we just break, nothing more spent i hope we can get through today. >> well, mr. murdoch, i'm concerned about -- >> it's up to you spend i'm concerned over all of out the lens of this evidence, and if we plowed through these to the afternoon, how cogently my questions will be and how your answers might be. i know how much i've got left. my preference would be to go just about 45 minutes in the afternoon, and then complete in about two or three hours in the morning. >> can i suggest that during the course of the next hour you have a word with those who are advising, have a word with them as well? i'm conscious that i do not want to put excessive pressure on you, and i don't want to put excessive pressure on the minister. >> thank you. >> all right. you can return to that. thank you very much. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] pract

cameron and the bskyb bid? >> the chairman of news corp. rupert murdoch will continue on line at c-span.org. you can find his full testimony there. and before the inquiry tomorrow, friday at 5:00 eastern c-span2. the senate is coming in for more work on a bill that authorizes the violence against women act and at 2:00 eastern continue voting on amendments to the post office bill. final passage is expected today. the presiding officer: the senate will come to order. today's opening prayer will be offered by his emnance, archbishop, oshagan choloyan from the armenian apostolic church of america in new york city. the guest chaplain: in the name of the father, and of the son, and the holy spirit. amen. almighty god, eternal guide of humankind, we seek the grace of your wisdom in our lives and in the lives of our leaders. we thank you in the name of the armenian people for your divine mercy in providing them a safe refuge in this blessed country, the united states of america where they were delivered from the depths of despair of genocide and we

james murdoch confirmed he would step down as chairman of bskyb. he faces heavy criticism over his handling of the hacking scandal. >>> turning to last night's big game. kentucky basketball fans celebrated their victory over kansas things did turn violent. after the win thousands took to the streets near the campus in lexington, kentucky. one man was shot. dozens arrested overnight. police say an argument led to the shooting. the victim is in serious condition this morning. and police are looking for that gunman. >> we still do not know who won the record megamillion jackpot but around baltimore people cannot stop talking about the woman who said she won. this morning lottery officials suspect her story may be a hoax. >> reporter: mirlande wilson's claim to a piece of the megamillions jackpot has brought more scrutiny than currency. >> i don't know what's going on. >> reporter: the single mother of seven told the new york post that she won the megamillions lottery but has since clammed up after her co-workers at mcdonald's accused her of reneging o

which owns a large stake in bskyb.let's take a short break. >>> investors have been loving luxury retail recently. that's where the money has been going. can the stock and taking a look at cnbc, including the impact that europe is having with the markets. >> the market is taking a breath, looking to gain at the strength of the u.s. recovery and also at europe and concluding that the u.s. recovery is decent but not powerful and that the european crisis. >> there is not the largest level of government debt that greece had. spain is not headed to 166% of debt. it's still only at 90. >> i think it can go low volume. it's a good thing if the market is not frothy. relative strength in dex on the s&p now below 55. >> america has a horrible distinction of the corporate tax code in the world. ttd#: 1-800-345-2550 let's talk about the cookie-cutter retirement advice ttd#: 1-800-345-2550 you get at some places. ttd#: 1-800-345-2550 they say you have to do this, have that, invest here ttd#: 1-800-345-2550 ttd#: 1-800-345-2550 you

the first thing he said to me was, we should cleanup the situation at the sky, or bskyb.ou know, we started this company and it was a long-standing ambition. with hindsight, i regret that i ever agreed to an

we've always known that they have certain assets, if you strip out the newspapers, if you strip out bskybe a stock selling at six times. >> you don't care? >> no. you can't say that. you have to put everything within the mix of making a judgment. what is the cash flow of the company? how good are they? what happens if, in fact, you have changes in management. is chase carey going to be terrific at running the business, keeping the franchise, generate cash flow. how do they allocate cash. is the stock buy back worthwhile. >> chase carey is he going to be a great ceo? >> he has been. he is. if you want to learn about tank warfare you read about ronald. if you want to learn how to run a good business watch chase carey. rupert has been terrific. and so within that framework i'm not here to bury newscorp nor am i here to praise them. i'm here to answer your question. my answer is i think the stock is okay at 19. i own it. >> up just mentioned walmart. what do you make of the bribery case. >> when you're in rome you do what rome does. if you're a u.s. company the u.s. rules say you can't do it.

in our headlines, james murdoch is reportedly stepping down as chairman of bskyb.after the board meeting today. murdoch quit his chairman of news international in february in the aftermath of the phone hacking scandal. this is the next step in that situation. >>> let's get down to the new york stock exchange. carl, melissa, jim and david are all here today. we've been watching the auto sales today, ford with its best numbers in quite a while. >> a lot of positive surprises on a month where 30%, 35%, jim, is considered a miss in some cases? >> i'm beginning to think that march -- i guess we have to talk a little more about the weather. i'm not al roker here. terrific weather. terrific retail sales. people are out and about. i think it is skewing everything. skewing everything very positively. >> do you think, jim, that that's stuff that pulls sales forward or lifts all boats? >> it's a great question. i do believe that there's going to be some stealing -- >> it's going to be a pull forward. when you take a look at the retailers and what they have on the store floors

turn around because we now understand the british regulator in the uk says it is now investigating bskyb's news over e-mail hacking. they're investigating the fed privacy issues. only 13 stocks out of the 600 up. so happy to be one of them, but they now have an investigation from the british media regulator into sky news over e-mail hacking. and don't forget of course that both james and rupert murdoch tomorrow and wednesday will be giving evidence to the inquiry over the phone hacking scan dell. so we continue to follow that. hundred die motor has upped its 2012 sales targets. the south korean carmaker expects to sell 800,000 car this is year, but despite growing demand, he has no plans to build further plants in china. they're at the top of the list of three stocks to buy right now. the top of that list belongs to portfolio manager at william blair. good to see you, ken. thanks for coming this. you have a fund that runs global growth stocks. in your universe, anything over a billion. why is hyundai at the top of that list? >> people don't think of the auto industry globally as a global g

any suggestion he secured support for his party by promising to smoout the attempt to take over bsk bskyb. >> i didn't change my policies to suit this proprietor or that proprietor. it's not the way i work and i will say that under oath. sg and the wallets of britain's wealthiest have fattened in the last year. it claims the combined portfolio of britain's 1,000 richest people is swelled by more than 5%. the survey says steel making met remains the richest man in britain. >>> and mobile gaming sensation angry birds has catapulted to new heights with the open of the angry birds theme park in finland. >> it's been a roller coaster ride for angry birds. but launching angry birds was to prove the company's salvation. the game has been downloaded more than 750 million times. it's not known exactly how much it's making, but one estimate put the figure at over 100 million euros by the start of 2012 with earnings boosted by a massive merchandise. >> we're definitely moving in a direction of becoming much more of a media company where we are centered around strong brands. >> can they afford to put

-- bskyb? >> i do not know whether we can put it down to that. but, the hacking scandal, yes.the hacking scandal was not a great thing and tell the doubt -- until the daughter of the disclosure. -- the delta of disclosure. it was disturbed by the police. not for many weeks afterward. we did not have any information because the police had under lock and key the diary. we are being limited in our inquiries. >> a meeting between your son and mr. cameron in the global was on the ninth of december 2009. is there a connection between those two events. i should make it clear that it was on the ninth of september that mr. cameron was told -- the fourth of september, mr. hund -- 2009. >> mr. hunt had nothing to do with it at that time. mr. kamen was not even prime minister. >> -- mr. cameron was not even the prime minister. >> you are turning to a subject beyond -- i think you are. >> man come back to that? >> -- may i come back to that? >> i move on to these phone hackings. you tell us in your statement that 169 and 170 -- pg. 03028 you learned of the zero rest -- the arrest of mr. go

yesterday amid allegations that he was leaking information to news corporation during the take overof bskyb, jeremy hunt apparently rupert said he maybe not once or twice, but he doesn't remember and that was one of the key issues brought up, not only for questioning of rue period, but also questioning of james. now, remember, rupert murdoch as been an executive here in the uk for over 60 years, has been hobnobbing with the political scene for over 60 years. so a lot of material to cover and we'red told it's only a half day of questioning today. so interesting to see what will come out as far as the two hours maybe that we have today, but we'll bring you the headlines as they happen. but again a political day of questioning. >> okay. kayla, we'll follow your tweets, as well, to find out what's going on. thanks for now. >> coming up next, we've already heard from royal dutch shell which reported strong first quarter profits, but still waiting for results from exxonmobile. we'll drill down on exxon, shell and the energy market straight ahead. >>> we've had corporate earnings out kicking off w

james murdoch is expected to step down today from his position with bskyb.roversial phone hacking scandal. murdoch expected to make the announcement after a board meeting today. >>> good news about gas prices. they dropped this morning. .2 to $3.92 on average for a gallon of regular. don't spend it all in one place. that's the first drop in more than three weeks. we're still about 19 cents shy of that all-time high of $4.11 from july 2008. >>> take a look at kentucky fans celebrating the big ncaa championship win last night. things got out of hand quickly. thousands poured into the streets. more than 30 fires set. police say one man was wounded in a shooting. they arrested dozens of people. all of this after the big wildcats win over the kansas jayhawks. there you go. >> thank you. that man who was shot apparently had not life threatening injuries which is good news. that's just craziness. >>> still ahead this morning on "starting point," dire warning about debt. simon johnson has a new book out called white house burning with a warning our way of life could

james murdoch is now resigning as the chairman of bskyb. murdoch has been under intense scrutiny for the phone hacking scandal. murdoch made it clear he was trying to shield the satellite broadcaster from the fallout. the 39-year-old will stay on as a nonexecutive director. >>> mind readers, larish meals, a clown adding up to $800,000 and a resignation. martha johnson, head of the general services administration, is out after an investigation revealed massive overspending for a training conference in las vegas. johnson fired her top two deputies and then resigned just ahead of the report being released. we still don't know who bought a beening managea millions ticket in maryland. could it be this woman? mirlande wilson told the "new york post" she is the winner. co-workers at the mcdonald's told "the post" she was among a group of them who went in on the tickets together. she says the winning ticket was separate from that. >> do you have the ticket and it's yours. >> it's my ticket. it's just my ticket. >> the owner of the mcdonald's e-mail

a source telling us that james murdoch is stepping down as britain's bskyb.e son of media mogul rupert murdoch. this comes after they say that they hacked phones in search of stories. murdoch has denied the allegations. >>> this story will have you sit on the edge of your seat. check out these pictures. they capture a big rig being to towed on a snowy mountain road in norway. you can see the guard rail gives out. the rig tumbles over the cliff and takes the tow truck driver with it. the tow truck driver managed to bail out in the nick of time but the other driver went down with the truck. he did survive but he has several broken bones. >>> and for the first time the miss universe pageant may say its first transgender beauty queen walking the runway. zain verjee is in london with more on this story. >> good morning. she could really make history here. she was disqualified for being a transgender but then the miss universe competition said we'll reverse our decision and you can participate in the contest if -- here's how they put it -- if she meets the legal ge

and the son of rupert murdoch is now stepping down of bskyb.s huge news, the news of the world phone hacking scandal. murdoch has consistently denied about the scale of spying that went on, which included ee eavesdropping on celebrities, and victims of crimes. terrorist experts say five al qaeda discussion and training sites have been down now for 11 days. why? they're not quite sure. but some experts say al qaeda has fallen victim to a siesh attack perhaps by hackers or a government. no one has claimed responsibility for knocking the al qaeda sites offline. but apparently there's still an al qaeda-related site running. take a look at this picture. new york police and the fbi, they're trying to figure out where this came from originally. it shows the city with words qualcomming soon again in new york. there's no specific or credible threat to new york authorities say. the u.s. is offering a huge bounty for the alleged mastermind of this, the 2008 terror attacks in mumbai, india at the taj hotel. the award for the man behind the attacks, as much

pretty close relations with one minister involving the now-canceled takeover of satellite broadcaster bskybader question whether murdock media has political power, here is how james answered it. >> i just don't think that there is that, kind of, very old-fashioned sort of view if you will, big media proprytores and being able to dominate the landscape. i don't think that exists anymore. >> reporter: pretty big media proprietor. news corp boss, rupert murdoch is set to testify tomorrow. the inquery cleared away the schedule on thursday too just in case that runs over. should be pretty interesting affair. back to you. jenna: more updates as we get them, greg, thank you. jon: you take a big ol' bite of the favorite mint chocolate chip ice cream. then you head feels about to explode. up next the doctor is in with breaking news on the reasons you get that brain freeze. >>> plus, case in point why you're not supposed to text while you're walking. [ male announcer ] you've never tried miracle whip, but one thing's for sure -- you don't like it. but you've never tried it? see the problem here... ♪

s deal to buy full control of broadcaster bskyb. james murdoch vehemently denied the allegation. >> there's absolutely not a quid pro quo for that support. >> reporter: today, it's his father's turn to defend the world's second largest media company. and with it, his own reputation. the questioning today began by focusing on political influence. going back as far as prime minister margaret thatcher. murdoch says he did not ask thatcher for help in acquiring british newspapers back in the early '80s. the media mogul went on to say that he has never asked a prime minister for anything. ann? >> all right, stephanie gosk this morning. stephanie, thank you. >> a little earlier we showed you part of president obama's appearance on the "late night with jimmy fallon." well the president also gave our colleague brian williams a run for his money when he held jimmy slow jam the news. take a look. >> now is not the time to make school more expensive for our young people. >> oh, yeah. ♪ you should listen to the president ♪ ♪ or as i like to cal

intensity and volume of commentary about past news events at news international, i want the interests of bskybn matters that ultimately have nothing to do with it. i'm aware my role as chairman could become a lightning rod. now is the right time for me to step aside, end quote. murdoch went on to say it is important to continue to do what we believe is right even when that is controversial. he has been under pressure following britain's phone-hacking scandal. he will remain a board member to be replaced by nicolas ferguson, the current deputy chairman. breaking news out of london. 19 minutes to the hour. martha: the vast majority of americans say they disapprove of the job congress is doing and now one of the top leaders of congress says essentially the same thing. that coming up. bill: can't make it up, can you? stunning new evidence connected to the mysterious booming sound in one american town. what are the latest clues? ♪ . all right, let's decide what to do about medicare and social security... security. that's what matters to me... me? i've been paying in all these years... years washing

there's a fit and proper clause having to do with an ownership of bskyb. there's some real questions here having james murdoch no longer associated with it is probably helpful and say we can keep it at 39%. >> i can't recall the last time a company admitted to something like like this even with an explanation. >> it was justified. >> i don't know the ins and outs of these cases, two criminal cases they are referring to or what was behind their alleged hacking or why -- were they working with law enforcement? it doesn't sound like it. >> why is it in the public interest? >> still not material to earnings or cash flow? >> no. >> it's amazing. >> what does it have 0 to do with the price to earnings ratio of newscorp? >> or by the cable properties in the u.s. at least not right now. >> people are more concerned about whether "the simpsons" will be renewed. it's opening day for major league baseball. watching very closely. i know david is, too. johan santana, first time pitching since june of 2010. >> the mets have the best opening day record in major league hi

murdoch, and he will stop the bskyb transaction. important uses that's the reason why it's good to be in coalition government because they can do things like this as opposed to just protesting opposition. i'm paraphrasing there. that whole piece was left out of the telegraph, and given their prominent role in the so-called alliance against us, you know, that was cause for some, you know, concern of ours and we thought it was pretty inappropriate. >> and then the demand by oakshott. with lord oakeshott, any off copies or what ever it is, there were suggestions made of investing the times and other things like that. that i just wouldn't engage in because i thought that only the relevant legal test should be the matter at hand. >> well, the reference to mr. clegg's office being furious, mr. cables, is being unacceptable, that must though be a reference to mr. cables remarks that he wanted, he wanted to declare war on murdoch? >> or that he had. i think it was, it was an exposure of acute bias, i mentioned earlier. >> page 42, 01683, we