southern california edison by the way, part of his district. and joining us is leading congressman darrell issa, member of the house judiciary committee, the house foreign affairs committee, and great to have you with us, congressman. >> well thanks for having me on. and i think your second issue is one that is very timely. companies are abusing the h-1b visa system. they're abusing the worker who comes in. and obviously, when they undermine those costs for an incoming worker, they undermine american jobs. i believe very strongly we should import the best and brightest from around the world and put them to work but not to displace american workers and i think that's a really solid area we have to deal with if we're going to reform the immigration system. >> the h 1 b visas being used by southern california edison, not only are they replacing american workers but as we've reported on this broadcast and i've authored more than one book on the issue outsourcing has affected millions of americans, and now not only are they losing their jobs to fore

lou: the h1b visa is being used by southern california edison.porting this and authored more than one book on the issue, this outsourcing has affected millions of americans and not only are they losing their jobs to warn workers were being paid typically about 25% less than the american workers they replaced and they are having to train those foreign workers in the jobs they are surrendering to them. that's outrageous. >> when you realize that an existing worker that would like to training his or her replacement, those people are working for an india-based subcontractor that hire these people and pretends that there's no available work force in the united states, that is what is so disturbing, it doesn't appear as though they broke any laws but they broke the clear intent, the spirit of the law and quite frankly it has to be changed. lou: the question becomes can a republican house and senate do that and suggesting that he might, only might be receptive to such legislation, but the republican party is so close to the u.s. multinationals and the u

paid the price. >> while the 500 jobs will be directly replaced at southern california edison. in addition it facilitates the offshoring additional work. >> they have to train their foreign replacements. brought in with their visas may violate an immigration law which requires foreign workers not adversely affect the wages and working conditions of us workers. >> the problem is that that's never been enforced. the secretary of labor across multiple administrations has decided never to do anything about it. >> edison admits it's outsourcing some tech work to be more cost-effective. it will save about 40 grand per worker. or 16 million a year. >> the employees are upset, and they say they can't understand how h-1b guest workers can replace them. >> the high-tech companies have lobbied for h-1b visas. president obama labeled mitt romney as outsourcer in chief. people apply it to the president. who supports doubling the number of foreign visas despite evidence that temporary important later depresses wages here. lou. lou: william thank you very much. william reporting. positive re

now we're learning of a 2012 meeting in poland with an executive of southern california edison. they discussed the failed nuclear plant which cost taxpayers billions. they were required to tell the public about the talk but never did until now. >> by keeping that secret and not disclosing it, of course, they can do it because they were halfway around the world, is inappropriate, one; is illegal, two; and should not be condoned, and it's just another example of what we've seen from michael peevey as president. >> their conversation came to light after investigators filed a search warrant and seized a list of items from his home including computers, notes and six years of day planners. >>> that 17-year-old accused of kidnapping and raping a pizza delivery woman will be tried as an ayou will did. darien miles will be -- as an adult. darien miles will be arraigned today. he allegedly attacked a woman who delivered a pizza on sunday in antioch. >>> the berkeley city council has given the police department approval to use body cameras and put dash cameras in their patrol cars after th

time was attending an industry event and struck up a conversation with an executive of southern california edisonut the failed san onofre nuclear power plant which cost taxpayers millions. they were required to tell the public about their talk but they didn't until now. >> so not disclosing that, they could do it because they were halfway around the world, is inappropriate, one, is illegal, tw

last august, southern california edison started laying off 400 american workers from its i.t. department. the company replaced them with foreign h-1b workers. according to the company 100 additional american workers who will also be replaced by h-1b workers will leave supposedly voluntarily. according to computer world the final major batch of layoffs is scheduled for march 6. the foreign workers who are replacing the american workers at edison are employees of two overseas-based i.t. consulting companies that are also two of the largest users of h-1b visas. in 2013, one of the two companies paid the largest immigration fine in u.s. history. that company paid $34 million in a civil settlement after allegations of systemic visa fraud and abuse. the jobs being filled by h-1b workers are manifestly not jobs for which americans are unavailable. i say that because the jobs are currently filled by skilled american workers. it's not only disturbing that these american workers have been laid off but also that some of them have reportedly had to train their very own replacements. a col

utilities companies pacific gas & electric and southern california edison have already agreed to purchasefor the next two decades. california seems to be leading the way with solar in the united states. just a short time ago, apple's tim cook announced the company will partner with first solar to build an $850 million solar energy farm in montrae county, california. bernadette is the executive director of the california solar industries association joining us tonight. we appreciate it. this is rather interesting that a 1.5 billion of public money goes to this certainly against the conservative thinking that lawmakers have had that you know it's only the private sector that's going to get things done. is this a waste of money? >> absolutely not. the private sector is getting a lot done especially in the solar industry sector. we grew -- the united states -- the job growth in the united states one full percentage came from just the solar energy last year. we're providing tremendous amounts of jobs not just here in california but across the country. >> for the government to do what it does b

. >> while the 500 jobs would be directly replaced at southern california edison in addition it facilitatesdditional work. >> reporter: the workers are reportedly furious because they must train their foreign replacements. brought in with work visas by two companies experts say may violate an immigration law which requires foreign workers not effect wages and working conditions. >> the problem is the secretary of labor has decided never to do anything about that. >> reporter: edison admits it is outsourcing tech work in an effort to be more cost effective. it is estimated to save about 40,000 per worker. >> the employees are upset and they say they can't understand how workers can be used to replace them. >> the high tech industry from facebook to google has spent millions lobbying for more visas those immigration hawks oppose it. >> reporter: in the campaign president obama labelled mitt romney as outsourcer in chief. the president talks about protecting middle class jobs and supports doubling the number of foreign visas despite evidence that temporary imported labor depresses wages here.

time was attending an industry event and struck up a conversation with an executive of southern california edisone 2012 chat about the failed san onofre nuclear power plant which cost taxpayers millions. they were required to tell the public about their talk but they didn't until now. >> so not disclosing that, they could do it because they were halfway around the world, is inappropriate, one, is illegal, two, and should not be condoned and it's another example of what we have seen from michael peevey as president. >> reporter: the new conversation comes to light after investigators filed a search warrant and seized a list of items from his southern california home including computers, a thumb drive, notes and six years' worth of day planners. >> these back room deals don't allow public in. they're secret and they cost millions. >> reporter: mark says the latest conversation is another example of this agency's corruption. >> it shows a pattern of secret meetings between utility companies and commissioners that has to stop. >> reporter: just so it's clear, having the conversation is not illegal. b

learning of a 2012 meeting in poland with an executive of a southern california company, southern california edisoniscussed the failed san onofre nuclear plant which cost taxpayers billions. they were required to tell the public about that talk but never did until now. >> by keeping that secret and not disclosing it, of course they could do it because they were halfway around the world, is -- is inappropriate, number one. is illegal, number 2. and it should not be condoned. it's just another example of what we have seen from michael peevey as president. >> their conversation came to light after investigators filed a search warrant and seized a list of items from his home including computers, notes and six year's worth of day planners. >>> 5:56. in the next half-hour a crackdown on smartphone thefts seems to be working. how the apple kill switch has made the iphone worthless to thieves. >> and the deadline to sign up for health insurance under the affordable care act fast approaching. how schools all across the state are helping students an ♪ ♪ ♪ ♪ yoplait. with a smooth and creamy taste your whole

apparently southern california edison a power company rooted in the united states of america they are converting, laying off terminating the employment of people who've been with them for a number of years and transition transitioning those employees to foreign employees. many you come in under the h-1b visa program for the sole purpose of taking a job not coming here under the immigration policy where they would move to green card and to permanent residence and to citizenship. they come solely for a limited period of time to take a job and they work for less pay too often. this is what one said. quote -- "they are bringing in people with a couple of years' experience to replace us. the then we have to train them," said one longtime i.t. worker. it"de-moralizing and in a way i kind of felt betrayed by the company." southern california edison, a quasi almost government entity under the regulatory powers of the state has confirmed the layoff and the hirings of info infosys based in bank lore, -- bangalor india in mum about mumba. these companies sign up workers in -- in this case, india

"since last summer, southern california edison, the big utility company, the biggest in california, whichserves nearly 14 million customers, has been firing its domestic i.t. workers and replacing them with outsourced employees from india. the pay fordison edison's domestic pay specksists is about $08,000 to $160,000 not including benefits" -- good pay. "two indian outsourcing firms pay their recruits an average of about $65,000 to $71,000 according to their federal filings." they laid off hundreds in requiring the california edison employees to train the h-1b workers who shouldn't be dmoog america unless there is a job need that's unfilled. how can you say we don't have qualified people? they're doing the job. expected to train them. so mr. president this is the kind of thing that's out of control. somebody needs to defending the legitimate interests of middle america. we need to ask ourselves does this make sense? and should the president be doubling up on it by his executive amnesty that would add $179,600 workers in the first year of his order and 55,000 more annually on top of the h-

the high court is hearing a class-action suit filed against a california based utility company called edison international. now the suit claims companies didn't act in their employee best interests by picking 401(k) funds with excessive fees. here to weigh in, ric edelman of edelman financial. welcome, rick. i want to start with different topic and we'll get to edison in a second. we talked yesterday about the effort by the administration to give brokers a higher standard for client portfolios. they call it fiduciary, but nobody knows what that means? that is fancy language serve your client's best interests not your as best interest, e employers or broker, bank or insurance company you work for but your client's best interest. treat every client like your mother. gerri: treat every client like your mother. there are tens of thousands of registered investment advisors do it every day. they don't have a problem with it? why brokers so miffed fighting this tooth and nail? >> they make a lot of morn any selling products people? >> selling people load mutual funds that charge five or 6% commissi

california pressuring exxon. we'll tell you the impact on gas prices, retail and refiner socks. and solar city and sun edison stocks getting smacked. you can see on the reports, we have the details. from the nasdaq, getting closer to the key 5,000 mark. last time it was around these levels, was year 2000. we've got the three next generation tech plays that could power the index higher. we start off with a developing story on the refinery fire. exxon stock closing down 2%, while other fires like de soro closed higher. exxon, we should note, a laggart compared to its peers, especially on the back of the news yesterday we got from the filings that warren buffett dumped his stake. >> it's clearly part of it. the buffett announcement is putting pressure on exxonmobil. that and the fact it really hasn't moved the last couple months, vacillating between 8 1k39 92. i think the trade is tessoro trading $87-ish prior to. we said it would be a buy and effectively that's what's happened. obviously this news today not good, but good for tessoro. that and the fact the earnings were fine, not good enough given the huge run

california pressuring exxon. we'll tell you the impact on gas prices retail and refiner socks. and solar city and sun edisonrts, we have the details. from the nasdaq getting closer to the key 5,000 mark. last time it was around these levels was year 2000. we've got the three next generation tech plays that could power the index higher. we start off with a developing story on the r