four, keep a business journal. our outlook or google calendar to keep a detailed schedule of your business activities each day. this way if a deduction is every questioned you can quickly look up the date and vouch for your clachlt number five, stay away from karchlt it's easy to spend and nearly impossible to recognize with receipts. stick with dead it and credit cards to better track your experiences. it's time now to answer some of your business questions. our make overteam mike and denise is here with us. the first is how to market your brand. >> i would like someone to explain the dwiens markets and public relations and how they're interconnected. >> right up your alley. how do you answer her? >> sure. we get that question a lot. the best thing to think about is if you're watching tv, commercials, somebody's paying. public relations is what feeds the stories that's going to be covered on the actual tv show or when you read noose paper articles. >> i like what you said. marketing is guaranteed. public relations

four, keep a business journal. outlook or google to keep a schedule of your business activities each day. if a deduction is questioned, you can look up the day. number five, stay away from cash. it's easy to spend and nearly impossible to reconcile with receipts. stick to debit and credit cars to track your expenses. >> time now to answer your business questions. our makeover team is here with us. the first one is about how to market your brand. >> i would like someone to explain the difference between marketing and public relations and how they are interconnected. >> right up your alley. how do you answer? >> we get that question a lot. the best way to do it is watch tv. the message is getting through and going to be there no matter what. public relations feeds the stories on the actual tv show or show like this. when you read articles and things like that. >> marketing is guaranteed and public relations is kind of a crapshoot. >> when you get that coverage, the people who read it know it wasn't guaranteed. it's 30

according to an article in the "charleston regional business journal" in january, representative chrisepublican from florence, and also an emergency room doctor, supports the expansion, but expects the republican caucus to vote as a block against the medicaid expansion. quote, the politics are going to overwhelm the policy. it is good politics to oppose the black guy in the white house right now, especially for the republican party. crawford said. joining me now, msnbc's jonathan capehart. this is a strange one. i want to read you something that this doctor crawford has said in an interview thursday. with the state. he said, "his vote on the state budget was political, but said it had nothing to do with race. noting that if he had to do it over again, he might pick different words, but he stood behind the larger point of his comments, criticizing haley -- governor haley and the house republican caucus for voting against the expansion purely because a democratic president is for it." so this is very odd, jonathan. he seems to be speaking as a political pundit when he says it's good poli

as a matter of fact, there was a business journal that took the labels off all of the plans to replace sequester, and it was a progressive caucus' plan that won the day. >> sure. >> so the fact is what we're doing is popular with the american people. we just got to get the information to the american people. so i appreciate you giving me the chance to talk about it. >> we're having you back talking about this. and we're going to detail this out, no doubt. but disagree with me if i'm wrong. boehner has made the calculation that he can run this, the four corner stall, whatever you want to call it, do the basketball analogy and take a last shot at the midterms. they're not going to give obama anything. there is not going to be any more revenue. this is the way it's going to be. they're going to keep passing their radical stuff and then run to the media and say hey, we passed it in the house. how come they're not passing it in the senate? >> i think that's true. in fact, he has been very honest. when boehner tells you what he is going 20 do, i think you should take his word on it. he doesn

he covered the entertainment business for the wall street journal. he has degrees in european election history. michael, there was an interview in 2001. a great line in the movie business is that the material is everything. the material is actually nothing. it does not matter. you can show up with the greatest script on earth and pop it down and thought abc to executive and can come back with the greatest reasons not to get involved. what really drives the entire business is by star power. that former studio executive is you. >> and that is true. >> do you see that change, some version of that change happening? >> i think so. andcoming out of print you're coming out of broadcast, we're coming together somewhere in the middle. there are radically different equations. there is sort of a false dichotomy here. we're talking the infotainment and how that might be changing things. tmz, having looked at it up close, i would say it is one of the most intensely organizations i have ever seen occur in this town. you have to look underneath the skin of the subje

the south florida business journal, e filed his return only to discover somebody already cashed in hishis name. >> it's a feeling loss of control. that it is not supposed to happen when you file taxes electronically, you know to get a message saying somebody's already filed your tax return is, kind of disturbing and you know the biggest question for me, like i said, what else have they done? >> reporter: a task force has been established and the u.s. treasury department is now trying to amend its program for e-filing so that the w-2 form which is real from your employer, is automatically married up with the filing to make sure it is an accurate filing. the irs says the best way to prevent yourself from being victimized, file the taxes early, long before the criminals can under your name. jenna? jenna: good tip. phil, thank you. jon: when fox news was embedded with a marine unit in iraq back in 2003 former sergeant michael timmons was the guy we spent the most time with in the back of the vehicle. we're visiting the marine and the new battle that he faces next. >>> plus an unwanted gues

i was reading an article in the national business journal on friday and, shannon, you have the rate off these devices for taking information at bedside, from nurses, to gather patient information. it has gone from a 30 to a 45% usage increase in the course of one year. that's the kind of thing you are seeing. whether it's collecting the data, visual data, however they are choosing to monitor and diagnose different situations. they are using telemedicine concepts, they are using mobile wireless devices. so we wrote to the fda and on friday, asking them to respond to us by march 15, as to what their intentions were going to be with this classification of applications. >> shannon: i know you are waiting to hear back, let me ask you quickly. i thought it was interesting that the irs is sort of assigned its taxing authority on this issue to the fda. so it would be the fda -- my understanding -- if they decide to tax these, it's the food & drug administration? >> that's correct. they have to have the fda move in. we are going to do a hearing on this at energy and commerce very soon. vidrafte

to apply for a job or the ability to start a business the wall street journal just did a big article about kids doing their homework at mcdonald's because there is free why fi their restaurant or people relying on public libraries which are getting pummeled with the need for internet access so we're creating to americans you know people who have this very expensive access as specially when it comes to a very high bandwidth flow latency access that you could use to do a live video conference and people who don't and it's just getting worse and it's we're getting worse quickly as the months go by so something needs to be done we're recapitulating the gilded age with even greater disparity than existed then. you you mentioned electronics or electricity and and so often you telephones and my recollection is that the rural electrification administration in as i recall the the roosevelt franklin roosevelt administration and the roll to law from the administration was called i think was that during truman or eisenhower did was that also f.d.r. did that i mean both cases basically the govern

i think it gets back to that $25 when robin was the cover boy for this smart business atlanta journalat the one-year, i know why you like it, and that's because it's down. charles payne, thank you very much. dennis: and stock alert as the senate judiciary committee approves a new assault weapons ban. full coverage ahead in your fox news minute. cheryl: and apple going on the defensive against samsung. when does that ever happen, right? shibani joshi's going to be coming up with the why behind the story. dennis: first, here's how the world's currencies are faring against the u.s. dollar. >> 24 minutes past the hour, i'm jamie colby, this is your fox news minute. to washington first, the senate judiciary committee approving a new assault weapons ban, banning large capacity magazines. dianne feinstein sponsoring the gun ban which passed 10-8 along party line, and the measure is now facing an uphill battle, though, in the full senate. >>> there's a suspect that's been shot dead by police. 64-year-old kurt meyers suspected in the yesterday's shooting deaths of tour people in a -- of four p

going along with this journalism as a business model business of course that that loss of supply and demand and so could it be that the media is just giving the people what they want but maybe they want someone more some of these kinds of more entertainment driven stories. that's what people are going to watch well they sink to the lowest common denominator you know they build these kind of soap opera scenarios night after night week after week around celebrities it's better taining that's you know really at this point what the business they're in it's entertainment but i worked for many years including fifteen at the new york times and. news is not about entertaining is about information news is about giving your readers or your viewers often uncomfortable and unpleasant truths climate change has come back to climate change would be a good one. that is the purpose of of news it is about fostering the common good it is about informing the public and when news becomes a business when news becomes about entertainment and issues that are not uplifting so to speak issues that don't have

global markets were spooked busy bruise planning to tax investors. >>> "wall street journal" says fbi investigation over possible bribery of chinese officials is unfounded. officials say despite the paper's finding the federal case is open. the bribery allegations are tied to a larger phone hacking scandal that's plagued rupert murdoch which includes dow jones. >>> lululemon toppled after news of a shortage of their yoga pants. a shipment of their trademark fabric made the pants overly sheer. >>> new research finds 57% of u.s. workers have less than $25,000 saved for retirement. five years ago only 49% admitted having so little saved. >> so much for those likes. a new study by coca-cola shows it has no measurable impact on short term sales. >>> click away while you can. "the washington post" is set to start charging for additional content this summer. >> when is a station wagon super cool? when it's a corvette. there's an aerowagon concept returning the 2014 stingray into a hatch back. >>> americans by the millions are filling out their ncaa basketball brackets. and just so you can so

business today it adjourn until 2:00 p.m. on monday, march 18, that following the prayer and pledge, the journal be approved, the morning business be deemed expired, the journal of proceedings be approved to date and the time for the two leaders reserved for use later in the day and following any leader remarks, the senate resume consideration of h.r. 933, mr. president, further that second-degree amendment deadline for filing those would be 4:30 p.m. on monday. finally, notwithstanding rule 22 the cloture vote on the mikulski-shelby intamentd substitute amendment be at 5:30 p.m. on monday. the presiding officer: without objection. mr. reid: managers will work on a finite number to the c.r., expect a cloture or votes in relation to the amendments. if there is no further business to come before the senate, i ask that it adjourn. the presiding officer: the senate stands adjourned until 2:00 p.m. that further proceedings under the quorum call be dispensed with. the presiding officer: without objection. mr. mcconnell: yesterday i udgetcconnell: yesterday i >> yesterday, i asked senate democrats to put forward a und,ghtful budget tha

all this when it comes to attracting american business, "the wall street journal" stephen moore says ce is all in the census numbers. we were talking about census numbers yesterday. steve moore is here to explain he next. ashley: cypriot banks back in business. they opened for six hours under heavy restrictions. when will cypriots have free access to the money and what will be the long-term impact on the euro. currency expert marc chandler will be here on the show. tracy: we were talking how orderly that was. ashley: yes. >> close to the jersey banks? forget it. there will still be --. top of the hour. time for stocks now. as we do every 15 minutes, nicole petallides on floor of the new york stock exchange. hey, nicole. >> hi, tracy and ashley. looking at the market pretty good if you're a bull. wrapping up the quarter with up arrows. january, february, march, certainly have been stellar for the three major averages. right now the dow is up a quarter of a percent. much like the s&p 500. you're looking at nasdaq there, up, i'm sorry, .1 of 1%. year-to-date, these up today sees are up b

that's what we're going to be concentrating on in the business vote and how it will affect russian billionaires and also sensible savers as well as the journal for the right of way having full analysis in the business but listen katie thanks. is easy to be easy. illo . thanks so much live. live. live. live. live. live. live. live. live. live live live. well come to visit thank you very much indeed for joining me. cyprus has always been a popular place for wealthy russians so just sensible savers to park their cash because it's been a safe haven it is after the european bailout plan to freeze bank accounts this weekend and the levy a tax of ten percent on all accounts over one hundred thousand euros all could be set to change if the vote goes through in the cypriot parliament now to put this all into practice as you can see twenty five percent of cypriot banks are home to russian accounts and seventy percent from the e.u. cyprus is also home to some of russia's biggest companies as you'll be able to see as you can see sevastopol through soul and of the corporations as well now ten to twenty billion dollars worth of russian deposits are kept i

business pro. yes, you could. go national. go like a pro. >> this is not a science fiction movie, robots and computers may soon take over the jobs of some american workers. the wall street journal reporting small business owners may have to replace low wage workers with technology and according to the paper, it's all thanks to president obama's call for a minimum wage increase and the cost of obamacare. the measure meant to help workers. the owner of just cupcakes joins us. nice to see you, carla. >> thank you so much. >> greta: tell me the impact. i mean, i know a little of the story is that you have a number of employees and what, about ten employees? >> well, we have an about 25 employees overall, yes, ten minimum wage. >> greta: and the ten that are minimum wage, what's the expectation? what are you going to do about them? >> you know, they're great workers and we love having them, but certainly if the minimum wage goes up, we'll have to make some drastic changes. >> greta: what is the the job that the minimum workers-- minimum wage workers have in your business? >> their job is to take the order, fill the order, greet the customer, and ring it up, and you know, send them o

journal? difficult business. if someone is giving that you then they are going to see that you are great. that is better than getting $2000. right now, i would probably give you $2000 grant. maybe i should employ a commercial medical writing company. i don't know. so just a few years ago, general practitioners at tens of thousands of documents. it turns out that there were reprints of how fantastic work was. and there are blatant concerns about this here. when it came out he said these were not presented in the academic journal. and this is a lie. [laughter] terrible. it is ridiculous. so drug company sales reps talk to doctors and try to convince him to monitor what they have described in the u.s. they give you examples, they give you cherry picked information. but of course, it is not entirely brilliant dissemination of evidence. suppose i can remember facts, but i'm not sure that four years after i learned that come i can necessarily trust myself to have slightly distorted pictures with the risk of treatments whispered into my ear. i'm just not going to get involved in that whole circu

comes to education health care the ability to apply for a job or the ability to start a business the wall street journal just did a big article about kids doing their homework at mcdonald's because there's free wife i in that restaurant or people relying on public libraries which are getting pummeled with the need for internet access so we're creating two americas you know people who have this very expensive access as specially when it comes to very high bandwidth flow latency. that you could use to do a live video conference and people who don't and it's just getting worse and it's we're getting worse quickly as the months go by so something needs to be done we're recapitulating the gilded age with even greater disparity than existed then. you you mentioned electronics or electricity and and softening of telephones and my recollection is that the rural electrification administration in as i recall the the roosevelt franklin roosevelt administration and the roll to law from the administration was called i think was that during truman or eisenhower did was that also f.d.r. did that i mean both cases basi

business network. according to the "wall street journal," freddie mac is suing global bank over alleged manipulation. this is the first government-backed private suit over the housing giant painting 17 banks as defendants in the suit alleges the conduct of the banks caused substantial losses between 2007 and 2010. freddie mac suing global bank after alleged libor allegations. we will follow this story for you as more develops. and continuing in a theme, freddie mac and fannie mae subject of a heated hearing today and the message, it is time to downsize the government's role in fannie and freddie according to ed demarco, acting regulator of the fha. using his testimony today to urge lawmakers to start overhauling the mortgage giant. with more on this, director of financial regulation studies at the cato institute. this is a surprise, or is it a last-ditch effort to score some dough? >> it is not surprising in that fannie and freddie have both been fairly aggressive trying to recoup money from banks and this is whether they have gotten bad loans passe pass on to them, bas in derivatives or other transa

business has changed. i don't think journalism has changed. what we all need to do is stop hammering quite so much. just get back to our own individual business. he's interested in his story. i'm not interested in chasing his story. i'm glad he's not chasing my stories, because they have a discipline about the way they work that would be scary to me. i want to make sure my guys are applying the same discipline to the stories that we're chasing that his folks are applying to the story that's they're casing. >> do you have any worry? i'm under pressure to be on facebook and tweet. that takes time away. >> it somehow didn't get in nate silver way. mark noeler maybe the most prolific tweeter on the face of the planet. he's also the most formidable white house correspondents there is. if you're looking for a reason to bitch and moan, honestly it's 140 characters, let's become serious here. your question was about 940 characters so it can't be that hard. >> fair enough. >> no offense. >> none taken. >> tell me, what about the pressure to be entertaining? >> i wouldn't know. >> your own network seems to be

. >>> i've got to tell you, i really liked michelle obama's "wall street journal" op-ed today that favors businesses who are improving our health. that's right. michelle nailed it and i'm going to talk about it later on in the show. and folks, have you seen this video? this is not some ordinary air traveler having a tantrum, we've got the whole story later in the program. check this out. whoa. whoa. look at this. this guy is one teed off guy. don't forget free market capitalism is the best path to prosperity. that includes limited government. and we're going to be fine. i'll be back i'm kudlow. ♪ [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2013 mercedes-benz e-class... quite possibly the most advanced luxury sedan ever. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. a talking car. but i'll tell you what impresses me. a talking

and if there's one thing to me beyond the business of journalism that changed, it's the gate keeper functionanged. there is no gate keeper function. nobody is saying that ain't the story anymore. somebody is running the story. there was a story back when john kerry was running for president about john kerry having an affair with the intern which was a sensitive subject given the clinton was having an affair with an intern. and it ended up as the things go on dredge and then on talk radio. and my boss called me and said what are you doing with the kerry intern story? i said nothing. he said that's what people are talking about today. and i said, i got a problem. there's not a simple fact in the story. i don't know what to say than people are talking about a story that has not a single fact. that was the gate keeper function of journalism. that's gone. now the next day the candidate goes on imus which is not a source of journalism. okay. it is a place where politicians go and denies having an affair with an intern. at that point, i have no choice. the candidate has now denied something and i h

he covered the entertainment business for the wall street journal. he has degrees in european intellectual history. michael, there was an interview in 2001. a great line in the movie business is that the material is everything. the material is actually nothing. it does not matter. you can show up with the greatest script on earth and pop it down and thought abc to executive and can come back with the greatest reasons not to get involved. what really drives the entire business is by star power. that is true. do you see that change, some version of that change happening? >> i think so. i'm coming out of print and you're coming out of broadcast, we're coming together somewhere in the middle. there are radically different equations. there is sort of a false dichotomy here. we're talking the infotainment and how that might be changing things. tmz, having looked at it up close, i would say it is one of the most intensely organizations i have ever seen occur in this town. you have to look underneath the skin of the subject matter. it can distract you. you re

business week magazine moscow burro chief 4 years. the atlantic contributing editor one year and currently. national journal staff correspondent with five cover stories this year. the french were right kerry is a worldly der the rise of nationalism. rethinking tha zionism and going dutch one year the new york and washington post, "los angeles times" contributed to. the real state of the union essays on united states the angry american our commentary on social rage. hobbies, travel in the form of ussr, the mideast and europe. paul, jeffrey sarrabin. >> the statistics that i gave from this quite remarkable 5,500 were recapped. do you believe that the historical account as given by at least two of the gospel writers of the christmas the angels announcing to mary. >> no, i'm not a theologian. >> do you think it's not treating as historical jesus' true history? >> well, i'm a histo historian t know howuch historical evidence there is for this. we don't know the historical evidence his yuns go by. >> well,, the row monocatholic church council said you don't have to accept it in it full littoral teerality. >> sure

"the wall street journal" investment business daily, "the hill" and others have comments in somewhat the same vein. what is our problem? our problem is spending. so you say well, sessions, that's just what you republicans say, and we say it's not taxing the rich enough, but don't -- there is a fundamental issue here about spending. i dealt with and asked questions of whether elmendorf, our c.b.o. director, on this very subject, and it went to this point. colleagues, we need to understand this, the american people need to understand it. taxes, whatever rate they are, tend to grow with the economy, so if the economy is going up 2%, more people make a little more money and taxes tend to go up 2%, but if the economy is growing at 2% and your spending is going up 5.4%, then you have got a problem. you can raise taxes. and i asked mr. elmendorf this. even though we had a trillion-dollar deficit last year, 1,000-plus billion -dollar deficit last year, unbelievable debt, almost 35% of the money we spent last year was borrowed, and we will pay interest on that for decades to come because ther

business partners china, might have violated u.s. law. we have the statement from microsoft. this is in regard to the "wall street journalg on this here is the statement. we take all allegations brought to our attention seriously and we cooperate fully in any government inqueries. like other large companies with operations around the world we sometimes receive allegations about potential misconduct by employees or business partners. we investigate them fully regardless of the source. we invest heavily in proactive training, monitoring, audits to insure business operations around the world meet the highest legal and ethical standards. this is a quote from john frank, vice president and deputy general counsel at microsoft. microsoft shares are trading down slightly today. tracy: sound like a report from general counsel now, doesn't it? adam: you don't expect much, okay. shifting from microsoft to china, big issue there. coming up, former ambassador to china john hunts man. he said -- john units huntsman. said between the twooep united states and beijing. he is the up next. tracy: too many americans are not saving enough an

the unfinished business is the question on agreeing to the speaker's approval of the journal on which the yeas and nays were ordered. the question is on agreeing to the speaker's approval of the journal. members will record their votes by electronic device. this is a 15-minute vote. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of epresentatives.] senators who might not support that budget so they will have to democratic senators as well as republicans but no republicans are likely to vote the budget. the republicans will be calling cuts, no taxding increase, balancing the budget of thing.at kind >> republicans say this will be first time in four years that senate democrats have agreed to a plan.ard why is this year different? well, there are a number of things, there's a law that was passed that says the member of conditioning does not get paid unless the

on tuesday, march 12, 2013, that following the prayer and the pledge, the morning business be deemed expired, the journal of proceedings be approved to date and the time for the two leaders be reserved for their use later in the day. and that following any leader remarks, the senate be in a period of morning business until 12:30 p.m., with senators permitted to speak therein for up to ten minutes each, with the time equally divided and controlled between the two leaders or their designees, with the majority controlling the first 30 minutes, the republicans controlling the second 30 minutes. further, that the senate recess from 12:30 p.m. until 2:30 p.m. to allow for the weekly walks meetings. the presiding officer: without objection. mr. schumer: madam president, we expect the chair and ranking members of the appropriations committees to make their -- the appropriations committee to make their opening statements on the continuing appropriations bill tomorrow at 11:00 a.m. we expect to begin consideration of the bill tomorrow after the recess for the caucus meetings. if there is no further business to com

. >> now, journalism is no secret, kind of a high-pressure business. at times that aggravates your own struggles with depression? >> i do. i think the stress of deadlines and the stress of trying to get people to call you back when they're not calling you back in time. hearing difficult stories, covering difficult crimes. i think all of that does aggravate it sometimes. at other times it can distract me from my own stress or my own sadness or my own doubts about my own personal life. so, it works both ways, i think. >> now, when this piece was published in your paper and you were sharing with the world, really, your struggles with depression, your hospitalization, your sue sisid thoughts, your medication. what were the reactions of the people you work with and see every day, your friends and colleagues? >> they were surprised. most of the folks i was working with now weren't with the paper when this happened. they were surprised. i heard from lots of reporters i did work with who are now on other papers, they were very surprised. very supportive, but h

stations, tracks, tunnels and terminals and page one story in today's "wall street journal" and you have a good rise in businessestment and home prices seeing their biggest yearly gains and tax refund checks coming in and i think our economy is stronger than folks think. that's my two cents and let's see if my guests remotely agree with me. we welcome back jeff kleintop. i see optimism out there. >> i don't think this bull market's over, but i think it is overdue for a pause. none of the things you mentioned are new. they've been going for a while. one of the risks in the near-term is that we get downward earnings revisions because the expectations for the second half of this year are very high. you are looking at 10% to 13% earnings growth in q3 and q4 and housing not a big, direct contributor to profits and for that matter neither is -- neither is some of the other business spending is, but tax refunds, that's not a huge part and you look at retail spending and it's not that huge a portion if you're looking at it on a percentagis bahhis, and i think a lot of those are priced in and we might have gotten ahead

. >> she found time to write an op-ed for the wall street journal encouraging businesses to invest int lady. >> there's a sense of going too far and too much and people don't consider you something special. she's not a hollywood celebrity. >> what, if anything, did michelle obama say about becoming overexposed? >> i think they would take issue with that. i think she is someone who is pretty disciplined, craig. she carefully thinks about what issues she wants to spend time with. she does let's move. she's focusing on military families. she's probably going to consider focusing on another issue during her next four years. she is dancing with jimmy fal lon. she is doing push-ups with ellen. some people might have an issue with it. the white house would feel like that criticism is coming from cities as opposed to the general public. >> you spent time with her before. how has she changed it all. >> we were lucky in august. we spent an hour with her. she considered it a mom to mom informal conversation. i would say, you know, there's a sense of her feeling even for liberated now. at least f

business. we want to show you this new video from the wall street journal the arrest of michael steinberg at 6: close adviser of billionaire founder steve coin. he was arrested at his park avenue apartment early this morning charged with insider trading. he has been charged with conspiracy to commit securities fraud. he is pleading not guilty to all of this. we did get a statement that i want to read to you. mike has conducted himself professionally and ethically during his tenure at the firm. we believe india man of integrity. steve cohen agreed to pay $16 million civil penalty two weeks ago to settle two lawsuits and that settlement is on hold because development happening today, we will bring you details on the story as we go throughout the afternoon. we are on the air. our competition is not. we want to show you this exclusive video, steinberg and arrested early this morning. we are live today. our competition on tape or not. we are working the story and we will bring you more throughout the day. and a special extended edition of charles payne talking about manufacturer, he and i had a long

business with mr. obama. this morning's editorial in the "wall street journal" said "trust but verify." >> they said verify, verifyfy. would be what i would do. listen, i think i appreciate the fact that president obama reached out. it's a necessary first step. larry, the other side's not going to go away. if we're going to actually tackle these very serious problems, we're going to have to do it on a bipartisan basis. i'm willing to give president obama the benefit of the doubt. one important point he made in the meeting when he talked about the difficulty of reforming medicare. he said americans pay $1 in for every $3 they get in benefits. my comeback to that was mr. president, you're right, it would be extremely helpful if you conveyed that to the american public, if you laid the groundwork by describing in detail and in truthfulness the very serious nature of our problem so we can actually prepare the american people for the solution. i hope he does that. >> all right. senator, i introduce you to ms. emily sussman, who has a question for you. >> senator johnson, how are you? >> real good. >> so this is the fir

business alert. another cash strapped company. according to our present with the "wall street journal," fiscal automotive is exploring bankruptcy intinues to look for a partner. the political connected car company was also backed by former vice president al gore. less than a month the automaker will start repaying some of the $5,209,000,000 federal loan from this autumn the screen pet. who will continue to follow the story. first, we all know it pays to shop around, but did you know the same is true when you are buying prescription drugs? a new investigation by consumer reports found prices for drugs vary widely. it all depends on where you go. for instance, take a look get this. typical monthly refill of the generic version of the tour, the cholesterol drug will gusty $17 at costco and $68 a walmart. at a national drugstore chain it will set you back $134. take a look at cbs. according to consumer reports you will be charts hundred $50. a total difference of $1,303 which is between the highest and lowest price for a texas same medicine. if you don't comparison shop you could be paying a lot more even for generics. while prices va

business this year. because that jibes with the number we got from the wall street journal saying that the big publicly tradedoing for the rest of the year. business doesn't feel good about 2013, does it? >> right. because if you look back, you know, 12 and 11. we had a very-- we still have a bifurcated economy so the big ones, the fortune 500, you know, have record share of gdp now, as profits. they've been doing very well. and so that part of the economy, let's say that part of the economy is growing 4%, the other half, small business sector is not growing, it's clearly not going anywhere, zero plus 4 divided by 2, that's 2% growth basically what we've had. the driver for the the big firms which has been exports, selling around the world and most of those companies make more money outside of the u.s. than they do inside. that's slowing down dramatically, so, now, that half of the economy is going to show down, or the small businesses half is not picking up, and so that really augers for less than 2% growth for the year which many economists forecast. stuart: look, i'm going to express an opinion. it's my op

gregory rodriguez the host of a rifleman's journal visiting a woman while on business in montana whengton burst in and shot him. bennington then beat his wife, left the scene and turned the gun on himself. police say rodriguez worked with bennington's wife and their relationship was not romantic. meanwhile a school bus driver in florida caught texting while driving for second time. robert sanchez suspects chi taking his eyes off the road. >> worse than drunk driving. >> not only takes his eyes off. he has been suspended without pay. is he fighting back saying there were no kids on the bus at the time. and that he was using a speech detect program so he didn't have to actually type. i saw him typing for a second there. >> is he looking down to confirm what he said. >> what is this i'm doing? that was typing district officials are not buying his story. >> well whether the kids were on the bus or not, you are still operating a vehicle that can do considerable damage to include serious injury and possibly death. >> the idea siri speech recognition is you never have to glance down. read it

quite a big story on a friday where perhaps some other business networks did not think it was important enough to break in. we do. wall street journalning us now to talk more about the story. the colleague pulled. this is a great gift for her, but certainly the story is still a bit cloudy. less talk about michael steinberg and his relation to one of the biggest of the big hedge fund titans. >> he works for steve cohen, the billionaire founder of sac capital, one of the most successful and preeminent and funds on wall street for 16 years, since 1997. many people have come and go from that hedge fund, but michael steinberg has been an immense stake. he has advised ellen and work closely with him and managed to survive. the most senior person at that hedge funds to become embroiled in this investigation. liz: let's talk about what they say he did. there are two stocks and you may own some of them. india and del. if you listen to the fed cited this, they say he had a great line of well-placed sources that made it very unfair for the rest of us to own the stocks. and in essence he was getting inside information, correct? >> that is what

business park near sobrante way. they were shooti one office was destroyed and two nearby were damaged. no one was hurt, they are working to determine the cause. >>> thousands of journal iflts and media workers have been in rome covering the conclave and today some had a chance to meet the pontiff. here's more. >> reporter: the line stretched for blocks. thousands of journalists allowed inside the gates of the vatican for the pope's first audience with the media. pope francis spoke for 20 minutes at times straying from his notes but never his message. saying how i wish a poor church for the poor. >> this man is saying, tour the poor and works of peace and mentioned that today, francis is a great figure of peace. i think all of that is terrific. >> reporter: the crowd laughed as francis joked about how hard the media worked over the past few days, he compared to the mission of the catholic church saying both convey a message of truth and beauty and goodness and how he chose his name, when things became dangerous during the conclave, and evident he would be elected, a fellow cardinal from brazil told him don't forget the poor. he said, right away with regard to the poor

. >>> from the business section in "the wall street journal," the largest railroad in the u.s.l begin testing natural gas as a fuel source for its locomotives. if successful, the company would begin retrofitting its diesel engines to take advantage of the surplus of natural gas here in america. railroads currently consume 6% of all diesel fuel burned in the u.s., richard. >> that's a big deal. if you start seeing diesel converted to natural gas, then trucks, a relatively small amount of our rail and trucking fleet could have tremendous consequences for the environment. this is actually a big deal. >> the pickens plan. >> there you go. >>> "the new york times," rick scott is facing criticism from some republicans who say he is distancing himself from the conservative platform that got him elected. in addition to endorsing medicaid expansion in florida, governor scott also has proposed a near record budget of over $74 billion that includes a pay raise for teachers. as of january, scott's approval ratings were in the low 30s. >>> that's a look at the papers. time now for "politico

journal reports that mars oversaw the retailer during a 2012 bribery investigation. last year, walmart was accused of bribing officials in mexico in order to improve business in that country. walmart has declined to say why mars is leaving. major retailers hit a rut in the stock market. shares of sears, khols and jc penney all fell yesterday following earnings news. sears faired the best with earnings that doubled from last year. khol's' numbers were down 8% but managed to come in better-than-expected, while jc penny reported a loss of $552 million. here's a prediction about what's next for the retailer from margaret bogenrief of financial advisory firm acm partners: "i think what's going to happen is jc penny is going to bottom out in the next 6 to 12 months. ron johnson will quietly leave and an actual turnaround will take place." jc-p ceo ron johnson came from apple. his most notable move was to end sales and promotions at penny. the deparment store has lost nearly $1 billion since that move. shares are down 58% since last february. boeing says it's "deeply regretful" over the grounding of its dreamliner. the aircraft maker publicly apologized to all nippon airlines an

business exclusive. coming up, we even mention the sequester. all anyone could talk about. front-page on everything. politico, "washington post," wall street journalch is really affecting the markets. still up about 30 points for the dow jones industrial. moving slightly higher. nothing too dramatic. when we come back, black rock. he will tell us how to keep the portfolio gains coming, even if our government cannot get it together. live from the new york stock exchange and we have 15 more minutes. ♪ liz: we are checking in with stocks. let me just show you what a week it has been. does anyone remember monday? it has been an unbelievable monday. monday was down 216 points. what a day. oh, my goodness, people were so concerned. but then a reverse on tuesday, up 116 points. wednesday was even better than that at 175 points. the first day yesterday we were up all day and then we lost on the last half hour. i will take the blame,. liz: , down 21 points. we are of about 26 points the dow jones for the week, we can really see what it's been like are the big question is what happens as we look at all of this data and if it comes together, and that is the

business brief. charter communications shares jumping as "the wall street journal" reports john malone's liberty mediato buying a 25% stake in the company. the deal is estimated roughly $2.5 billion. this would mark malone's first purchase of a u.s. cable company since selling telecommunications to at&t in 1999. >>> airbus winning a biggest deal in the aircraft maker's history. lion air buying 24 planes. the first planes are expected to be delivered next year. >>> nearly one in three employees said they took a hardship loan from the 401(k) last year. that is up from 2011. women, lower income workers and younger workers needed the money despite a improving job market. that's the latest from the fox business. giving you the power to prosper melissa: steve cohen and the people at sac capital were said to be in a joyous move after last week's settlement of insider trading charges but should he be? fox business senior correspondent charlie gasparino has the latest. >> i would say no. clarification from last week. i got off the phone with goldman sachs. their main convention when we did the story about manw

wall street journal reported disney was talking with news corp over their hulu joint venture online streaming video service. each own about a third of hulu, but have differed on their business models for the service. news corp wants to charge subscription fees. disney wants more advertising. the maker of the da-vinci surgical system, intuitive surgical continued to see big swings for the second day in a row. analysts came to the defensive of the company after the food and drug administration announced it was looking at the company's safety data. shares rebounded eight and a half percent after a big drop yesterday after the f.d.a. disclosed its probe. at least three investment all five of the most actively traded exchange traded products were higher. even with the small gains in the broad market, the s&p 500 short term volatility note was also higher, gaining 1.5% and that's tonight's market focus. >> tom: it's begun. taxes have gone up and government spending growth will come down. while painful, our friday market monitor thinks the sequester's spending cuts will ultimately be a positive for the u.s. economy. randall eley is president of the edgar lomax company. he's in was