no, said the cbi's jodi wright.like a cover-up. >> nothing in his statement matched anything that i knew to be at the crime scene. it just didn't make sense, none of it. >> reporter: it wasn't really that ralph changed his story in his world journal manifesto, not exactly. more like he kept adding to it. so he watches very carefully what you're doing and tailors his story -- >> absolutely. >> reporter: -- to match what he thinks you're finding. >> yes. >> reporter: ralph kept explaining. kept offering not less but more details. about, for example, the drawer pulls in his house, the ones investigators removed to test for fingerprints. >> in the event that one of the invasion persons touched them. >> reporter: now here's ralph with the police at his house just after pam was murdered. noticing the missing knobs. >> what happened to all the knobs? >> he was very upset that they were missing. >> well, i really don't understand why the knobs are gone. >> reporter: and he would know you're looking for fingerprints of these

. >> the sting is set up at a rented warehouse, set up to look like a business, cbi computers.powell runs through the details. >> we've already got customers outside waiting to be arrested. the way that the operation is designed is in the location we'll have two to three cbi employees at this point. >> the office is staffed with members of local law enforcement acting as cbi employees. once the officers confirm the identity of the person coming to claim their prize, another employee leads them to the room where they think they'll be picking up their new laptop. >> when the lucky winners pass through this door, they're greeted by uniformed officers ready to place them under arrest. surprise. >> they come through the door, you'd see them and it was like all right i won. and sometimes the color just drained from their faces. it was, like, oh my gosh i have been had. they were all very surprised. >> some people are bewildered by the overwhelming show of force. >> i don't know what's going on. >> you're under arrest. >> i understand that part. but i mean, what outstanding warrant? >

we heard the same from the cbi, from lord mandelson, from all sorts of people. indeed from colleagues of ours. and friends of ours. >> i'm not an enthusiast myself. >> i had mr. tyrie back in 1991 wrote an interesting pamphlet suggesting that the single market could not be complete without a single currency. >> unfortunately -- and you've also misrepresented it quite badly. if you go further on in the document you'll find some very interesting passages explaining why the project of the euro is being formed at a single and rather dangerous moment in the cycle which -- >> i was not -- >> it's very kind of you to -- order. order. >> common sense on the euro. >> it's very kind of you, boris, to -- >> i just thought i'd bring it up. >> -- to read all my materials. >> never say never. >> you are illustrating exactly what i began this session with again which is very partial and basking really humorous approach to a serious uk question. what we need is a much more balanced exchange in which people make an effort to qualify and represent the points that they make and re

. >> if you see a complaint, make a complaint to the cbi or the fire department, and come into my office. >> reporter: the san francisco fire commission has moved the regular monthly meeting to the mission tomorrow to address continued fire concerns. in the mission, jason quintana. >> and we have also listed some other areas for information. >>> eight children were on the tracks when the cross bar landed in one of the kid's lap, and they had to use a rotary arm to strategically remove it. >> and now, we are learning that prince died without a will. there could be an estate worth well over $300 million. we have the details from minnesota. ♪ >> reporter: new details about the e emergency landing in m moline, illinois, after prince was carried off of the plane to get medical attention, and his name was blacked out for privacy. and today, a sister asked a judge to appoint her for handling her brothers' estate. >> thank you for loving him. >> and she stated in court documents i dot no know of the existence of a will, and that would mean according to minnesota law that the estate is split equa

is a huge problem, and it is crippling for small businesses which are not really represented by the cbi had all. francine: hold on one second. >> you were shaking your head. in disbelief, when nigel said there were more important things than free-trade deals. the point he's making is correct. there are countries outside the eu that sell more and whose growth and exports to the eu is faster than that of britain. francine: i was shaking my head -- unless you get a worse deal out of the eu. maurice levy. maurice: i think that when you are speaking about this kind of issue, you will always find reason to stay or reason to leave, and you will build your case, and you are not listening to the key issues, which are what the people in europe will feel about this. as you said, there is something much with an trade, which is being or not being a big european continent. , thatf you are an island we are now, with eternal connected. if you want to be part of this dream or not, and if you look at what europe has been doing for , you see50 or 60 years that there's a lot of issues which have been manag

i think even the cbi admits it was a big mistake to advocate that britain should join the euro.eans now is that there is a eurozone caucus within the european union. we pay of praise. the eurozone caucus has an inbuilt qualified majority and the ability of the united kingdom to influence decisions in brussels has greatly diminished as a result of our decision which i think was correct not to be a part of the eurozone. politics,ack to the economically we will do fine. fortunately, we live in a relatively free trading world policed by the of yukio. -- wto. we will do much better outside beit and we do not wish to part of this political project for a political union, the united states of europe. since we do not want to be part -- hat project don't believe the political union is a necessity. not in the short or medium term. are going for. don't want to be part of it. a mythologyhere is about the single market. it is widely received -- believed that you have to be part of it to sell to it. that it gives you access. the fact is that many countries sell to the eu without being members.

this is u.s. 10-year, which is positive when you take away the cleveland cbi, which is a higher cpi. we grind lower ever briefly in the 2008 crisis. -10-year yield. then down we go to this chronic since right here, in a new leg down. it would be something to see this grind lower. yield when you take out a relatively high cleveland inflation. francine: what is going on, tom? we are totally on the same page. something on negative rates in japan. what i wanted to show you is the topix, the blue line, against topix banks.e, the japanese banks tumbling today. the cheapest on record on it speculation the boj will do more negative territory. this is the lowest since 1993. negative rates are announced here and then they go down. tom: great chart. it really shows the bank overlay as we go into the second and third week of april. francine: our guest host for the hour is paul donovan, global economist for ubs investment bank. great to have you on the program. japanl talk briefly about to see how you price risk. we will save japan for a later block. are we miss pricing risk? negative rates are s

. ♪ >>> welcome to "cbis gayle king is off.ana jacobson of cbs sports network is with us. >>> saudi arabia is rejecting a "60 minutes" reports. the allegations are contained in a secret section of the terror attack known as the 28 pages. >> saudi arabia says in a statement, quote, the cbs "60 minutes" was a compilation of myths and erroneous charges that have been thoroughly addressed not just by the sawedy government but also the 9/11 commission and the u.s. courts. they want the obama administration to declassify the report. >> this is your office? >> bob graham won't discuss the classified information in the 28 pages. he will say only that they outline a network of people that he believes supported the hijackers while they were in u.s. you believe that support came from saudi arabia? >> substantially. >> reporter: when you say the saudis, you mean the government? rich people in the country? charities? >> all of the above. >> reporter: graham and others believe the saudi role has been soft-pedaled to protect a delicate relati

we go inside the bloomberg -- i have a chart of inflation, broken down in several different cbi, and up for a few months. then, we got a little bit of a down take lately. where do you see inflation going? you warned in the past that the fed policies could be irresponsible, could stoke inflation beyond what we want. jim: inflation and inflation. first to say there is not the kind we saw at the supermarket way back in, there is inflation of either a pernicious or a delightful variety, depending on how you are investing. asset values. the supernaturally though interest rates, what they have done is to distort perceptions of future cash flows, and they have therefore served to elevate or levitate prices of commercial bonds, what stocks, have you, and in so doing, they have -- joe: why does it not filter through to grocery stores? jim: i will get back to that. i think one of the paradoxes of free money is that it has caused the marginal texan to drill the marginal hole in the ground that delivers the marginal fatal barrel of oil and gas that collapses the energy markets, makingst me that

i applaud alan for working on the cbi issue.o recognize the seniors have unique needs when it comes to health care and other issues where costs are higher than others in the population. we can on every promise that has been made to our seniors. nobody is time to cut it i promise you if we fail to address the long-term impact of the obligations of social good and medicare, the greatest cut will happen and will happen at the hands of frankly my colleagues on the other side of the aisle who refuse to touch the issue. >> moderator: i've got to follow up because in 2010 social security had to point a trillion dollar surplus. are you concerned that surplus is not enough or are you saying we spent that surplus, that's why we're going to run out of money? >> that timeline, the benefits that will be due in out years will be insufficient resources in the trust fund to pay for. what i said is let's secure the benefits for everybody that is earned an. let's say as a nation we will honor those aren't benefits and put on the balance sheet as

david: your point, looking at the cbi numbers and projections of gdp growth that are very modest.lking like .4% in the first quarter. you will have to make up in the other three quarters to get back. nominal as real gdp in this strange inflation dynamic, we are talking about we are repeating what we have seen, which is this desire of a massive catch up second, third, fourth quarter, and enter is a heated debate about that. something will happen. others say no way. vonnie: definitely going to place on the into this. here.is a beverage david: what worries me having just worked doing five-year plans, it is always a hockey stick with the first year or two is not good and in the years three or five ramp up. tom: that goes through the presidential debate where they are not talking about adult material. the plug-ins, the guesstimates of the five or 10 or 20 year experts even the best would suggest are a fiction. jon: what we have not heard from the presidential candidates, two board seats at the foic. tom: welcome to global america. no one cares. in the bank of england, that is a big dea

prices, taking the interest rate, and -- the inflation rate on a year-over-year basis is 2.2% encore cbi, so you cannot have negative money market rates for 90 months. so i was say they should be 3% or 4% in the money market, in the yield curve should go from there. compare that to what we have. it means everything is mispriced. real estate is way overvalued because the cap rate is being set by the 10-year bond. you put an iceberg at the end of it. i would say we have already hit the iceberg and we are on a multi-decade run of going nowhere like japan. why in your thesis is their catastrophe at the end? why is there not just this for multiple decades with a big debt burden? do you factor that in? is that something that just can happen to japan for several decades now? david: the problem is, the central banks will not leave well enough alone. they keep trying to stimulate. look at the madness going on in europe today. negative interest rates in europe -- they are killing the banks, creating a huge political debate across the central bank itself. look at japan. it is almost an old-age colo