when he gets the predictions for tomorrow's jobs numbers we'll talk about one woman who took on citi group and won in court and the story that joe has been trying to get everyone to pay attention to all week long ten year treasury bond yields are at record lows not all of them are here tonight including a dose of happy hour but first take a look with the mainstream media decided to miss. well where shall we start today to be honest i wasn't even going to pick on the mainstream media for this one because the story was surprisingly absent from their morning coverage considering how obsessed they've been with it lately but then that we got a verdict and predictably they went nuts. who would have been president snow now he is biting his nails wondering if he could just stay out of prison breaking news this off to noon out of greensboro north carolina some confusing legal developments in the john edwards trial we were heard undock on the door from the jury which means that either have a note or they've reached a. verdict or they've come to some sort of conclusion we have one verdict on one coun

facebook, se valorÓ en mÁs de 100.000 millones de dÓlares o sea, supera agrandos multinacionales como city groupsaron la noche en vela, ya contando sus nuevos millones. su fundador, marc a los 28 aÑos de edad se convierte en uno de los mÁs ricos de estados unidos. y bo no un importante accionista de facebook, supuestamente hoy es el mÚsico mÁs rico del mundo. mÁs que el ex beatle paul mccartney, su inversiÓn de 90 millones de dÓlares en la empresa en el 2009, hoy vale mÁs de mil millones. que tal la tÍpica persona con ilusiÓn de invertir algo de dinero en facebook. con esperanza que pase lo que ocurriÓ con google, cuyo valor, rÁpidamente se multiplicÓ. >>> ha habido que... >>> no ocurriÓ, y facebook tiene retos por delante esta misma semana, general motors retirÓ sus anuncias de la red social. presuntamente porque los usuarios no se fijan en la publicidad y no les producÍa. >>> mucha gente esta acudiendo a facebook, por sus telÉfonos inteligentes. y en los cuales no hay anuncios. >>> hoy el debut por una parte no fue espectacular. pero si fue el tercer mayor estreno en wall street. en la histori

> facebook se valorÓ en 100.000 millones de dÓlares o sea, supera agrandos multinacionales como city group. contando sus noviembres millones. su fundador se convierte en uno de los mÁs ricos de estados unidos. bo no un importante accionista de facebook, hoy es el mÚsico mÁs rico del mundo. mÁs que el ex beatle paul mccartney. su versiÓn de 90 millones de dÓlares en la empresa en el 2009 hoy vale mÁs de mil millones. que tal la tÍpica persona con la ilusiÓn de invertir algo de dinero en facebook, con esperanza de que pase la que ocurriÓ con google, cuyo valor se multiplicÓ. >>> que a lo mejor sube. no ocurriÓ hoy, facebook tiene retos por delante, esta misma semana, general motors recibiÓ sus anuncios de la red social. porque los usuarios no se fijan en la publicidad y no les producÍa. >>> ahora, mucha gente accede a facebook por sus telÉfonos inteligentes y en los cuales no hay anuncios. . >>> el debut por una parte no fue espectacular, pero si fue el tercer mayor estreno en wall street en la historia de cualquier empresa estadounidense en los Ängeles, carlos botifoll telemundo. >>> nuevas

the investors weren't aware of the fact that there was potential instability there but remember citi group must keep dancing until the music stops. what the problem is that nobody could move their portfolios out for fear of losing competitive position. and they all thought that because of the huge liquidity in the market and you were getting huge liquidity on synthetic ceos you couldn't supply enough of them. so the general view amongst most was we will have time to get out when the music stops, so to speak. they were wrong because when liquidity disappears it doesn't disappear incrementally. it disappears suddenly. and this is what i think we have to confront. i don't have a clue when or in fact if it is geeg happen. i grant there is a definite possibility. one thing i can say for certain that interest rates will rise over the next ten years. ten years from now it would be higher. i would say five years and i could move it closer. but markets don't behave in the simple way we would like them to behave. >> our viewers and listeners here in the audience are all buying bonds. there is no que

very interesting a few weeks ago with citi group in terms of shareholder revolt. it remains to be seen, but i think you're riding against a tide which is historical. compensation is a private decision made by private companies based on market forces. i tend to be a little bit skeptical in good times just how much government will have to say about this area of compensation. >> we'll get -- we'll certainly be getting back to that. i have a lot of questions for you. it's fascinating. but i want to pivot that mf global that's obviously a story that is still unfolding as we're talking about risk and the future and what changes need to be made. you're in charge of that for the cftc. give us a brief status update and what have you learned in this investigation in the past six months. >> so i look at our investigation having two different parts. we have a law enforcement investigation and we have an accounting information. and we're assisting the trustee in his efforts to retrieve money back into the estate that customers accounts. i think what i have learned over the pas

a combination of knight trading group, citadel investments, citi group, a small one from e-trade and knows how much more. nasdaq put aside $13 million to deal with this problem. that's a far smaller number than the losses we know of so far, michelle. we'll track how nasdaq plans to deal with this and how the number grows in the coming days. >> kate, thanks so much. good freudian slip, spacebook. >>> next up, how the crisis is going to impact you when you're overseas. [ male announcer ] aggressive styling. a more fuel-efficient turbocharged engine. and a completely redesigned interior. ♪ the 2012 c-class with over 2,000 refinements. it's amazing...inside and out. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. over a million people have discovered how easy it is to use legalzoom for important legal documents. so start your business, protect your family, launch your dreams. at legalzoom.com, we put the law on your side. launch your dreams. sfx: sounds of marching band and crowd cheering sfx: sounds of marching band and crowd che

because i looked into this so robert rubin who was also under bill clinton he went on to work at citi group made one hundred twenty six million dollars during his time there reportedly and larry summers who has been in and out of public service and a aca done academic his rate did ok when i looked back at what he reported for two thousand and eight two point seven million dollars that year in what is no speaking fee a lot of them from the big banks five million dollars from a hedge fund so there is really seem to be the payoff for deregulation that just isn't there for regulation dr roberts when we get back i want to talk about all of this. looking at europe which is switching gears but still some of these issues there look like you wanted to to say a finishing thought you have a couple seconds if you want to do. well didn't ruben come into the treasury for him right you did is he the chairman of goldman sachs so he comes he comes and goes and sexy treasuring goes back to the back it's the revolving door we know that the speaking fees are really the alarming thing to me i thank you we will

flames i see also you play with some of the tag lines in the advertising for the banks yeah sample citi group they have a tagline live richly oh i love that they were the images are you know kids getting you know mainlining alcohol or downing you know like a box right that's what we've had on wall street for the last twenty years probably financed by easy money easy credit yeah it's die and i see in the money spigots just that some point of course the easy money will go window will be shut and then you're going to have possibly what will you have simply people lining up to peaceably enter prison or will be something else another outcome. i mean that hopefully there won't be chaos but i mean look at look at what look at what's happening around the world you know i mean america is so large that it seems like it's happening to us in slow motion. but you know how long does it take if you get a situation in a certain city where suddenly there's no services and then you know the food business is you know takes what seven days to get really hungry and you'll do stuff you won't think you'll do fair e

i think the trading losses at citi group are a case in point. citigroup is one of the largest issuers and traders of cdos in the world, many of them backed by subprime mortgage-backed securities. but citigroup is unwilling to sell the so-called supersenior trenches of the cdos so between 2003-2007 they accumulated $43 billion of these securities, which they held in conduits and in the trading book. but in 2007 when the subprime mortgage market tanked, citigroup had to start writing things down. by the end of 2008, they lost $39 billion on the cdo-related positions. so very early in the crisis, proprietary trading did significant damage to a big bank holding company. a final area of instability comes from the dependence of the large bank holding companies on short-term, very up stable financing. this makes the banks less safe because creditor runs can force asset sales and realization of losses. during a crisis, there were runs on both repo borrowing and asset-backed commercial paper. the trading operations of the large bank holding companies inv

but you sat down with executives from citi group, from gm. what was your take away? >> very interesting. i started this job thinking that discussions about pay would involve material gain, right? corporate executives do you really need another car in the garage? do you need a summer home in terms of economic uncertainty? do you have to send the kids to private school? that's not what became very emotional. what became very emotional is pay as a surrogate for self-worth. self-evaluation. mine fineberg why are you cutting my pay? my pay is a barometer of my success relative to my competition. and that gets very, very emotional because it's not a debate about how much money or compensation is enough. instead it becomes very, very personal. it mirrors what an individual feels he or she would accomplish and it's very emotional and you're getting into a discussion about how that individual judges his or her performance in the free market and that becomes extremely emotional when you try and use the heavy hand of government to intervene and regulate that amount of money. >>

america have donated eleven thousand five hundred to congress and fincher and the four banks and citi group have donated a total of almost one hundred seventy eight thousand to the tea party backed freshman with delicious we ironic here almost doesn't really need saying the banks probably would have had all this money to donate if they hadn't build out the first place they received one hundred fifty billion in emergency relief at the end of two thousand and eight but it's really not surprising that fincher and his colleagues received this sort of wall street blood money these banks of regulation to the nail insurance company are members of the house financial services committee on the front lines of wall street's war against oversight but fincher stands out here as the only member of the tea party caucus and to suppose that anime of the bailed out banks and that hasn't stopped him from carrying the wall street water venture is trying to repeat the part of dodge frank act that gives the government the ability to break up the too big to fail banks if he had his way the country would be on rou

citi group and now they make one mistake that they have to admit to and hopefully some people will betaking a deep dive my disappointment is that you've got one auditor back there with m.f. global with j.p. morgan with bank of america and they don't seem to be doing their job at all peter have you see francine you mentioned silver and while j.p. morgan has now been forced to pay attention to their fraudulent accounting on their heads positions in london they have not been able to maintain that naked short position in silver as a result silver is having a huge day on the upside can we hope now that silver will be allowed to trade freely based on that real demand for silver and that once we get this criminal j.p. morgan out of the picture that's i think a lot of people's hope we'll see how culpable is the federal reserve in allowing this debt holik this just this this this degenerate gambler jamie diamond from throwing the country under the bus how couples the fed well i think the fed and all of the regulators are very culpable because they've been putting jamie diamond on a pedestal. h

that i don't know but i guess that puts a damper on what some thought might become a trend here citi group shareholders voted no on their c.e.o.'s compensation just a few weeks ago. but aside from that what happened was that most shareholder resolutions did not pass that includes the resolution that we discussed yesterday to bar the bank from using their treasury funds to donate to political causes all management proposals however they did pass and once again you have to talk about the structure the fact that even shareholders don't really have a say when their decisions are non binding just like the vote on pay in part thanks to dr frank as some shareholders were in fact not even let inside the meeting but there is plenty of anger from those who did get on the inside many shareholders who represent advocacy groups grilled bank of america on their foreclosure practices one asked what it would take for bank of america to start abiding by the law and treating their customers fairly but c.e.o. brian moynihan and i didn't bother subjecting himself to the anger for too long he wrapped up the me

wells fargo chase city group and allied financial are also subject to this ... that's the latest we have all heard the expression keep your eyes on the prize but staying focused on the task at hand can often be difficult here with summerize keeping a sharp mind in reaching our goal is jennifer weigel of trib-u ... >> if you are spending less than 80 percent of your work week during meaningless stuff ... you should be doing what you do best ... we spoke to that author of the iconic book the power of focus there's new content you need to take note of reordering monday through friday people need to write down everything they do during a week ... there are 69 different tasks ... if you're only spending 15 to 30 percent of the time doing what you are hired to do ... you need to narrow this down to what you do well ... in this economy when companies are downsizing employees are being called upon to do a lot of things that were not originally in the job description >> you see this allot that's why you need to get things in writing >> you do not need 60 ways to be succe

and a big set back tonight for citi group. saying they lost $20 million in the facebook ipo last week. other big investors lost more. and university of michigan's consumer sentiment index has risen to its highest level in more than three years. and apple ceo tim cook turned down a $75 million bonus, saying no thoompkz a special dividend for apple employee stockholders. >> and from smart phones many of us are tached to our electronic device autos now there is a way to let your body receive signals from the cell phone. >> and that is michael finney is here to show how it works. >> this is a tax. being called innovative. also scary and there is a major manufacture developing a tattoo that could let you become a part of your phone. this gives a frightening notion of humans turning into robots. now, maybe its not so far fetched. >> this is the beginning of a convergence of human beings and technology. there is a few tourist talking about a new technology by nokia. the company applied for a patent some say is part of our emerging fu

. >>> facebook's botched ipo cost city group millions. sources say the company's automated trading desk is trading losses about -- losses of about $20 million because of a technical error during facebook's nasdaq debut. other wealth management companies were also affected for a total of more man $100 million in losses. >> if bill martin hadn't been talking about today's weather i don't know identify would have to go check the calendar. >> the snow earlier in the newscast and started off okay today and then the clouds came in as rain and then the sun came out and now more rain north of here and one of those days, most of the rain is over for now. we will see a few scattered source tonight. up by the santa rosa area, on the corridor, this is light stuff. this isn't really the wipers going hard at all. barely moving. a few source, back out in the biggest and strongest activity i can find in the hills, east of gilroy and morgan hill and that's significant rains coming down in the hills up there and perhaps a little tunedder lightning you can

believer in learning from experience, and in 2008, in the three or four biggest circumstances, aig, city group, they all had offshore accounts. we have to learn from that and not being naive that wall street will structure around some of these things. some of these have thousands of legal entities. so we have to be thoughtful and cover a lot of the transactions and not just leave it to say my guaranteed affiliates will me yours in london. the jobs will move overseas that is about place to be. on the second thing, i think we can, even if it is are guaranteed a filly it being your guaranteed affiliate in london, that will substitute compliance where we can. >> i would add rather than deal with issues rule by role, we will lay out a comprehensive approach and propose before we start to adopt final rules, other than definitional rules so they can inform the reach of each and every role as we go ahead and adopt them. in i think that will give everyone an opportunity to see the entire picture a proposed rules and how we expect them to apply and, it to us on that. we know for regulators have a deep i

seniors are promising to protest an honorary doctoral that will be given to a former executive of city groupas well as his wife. he and his wife donated $12 million to sonoma state university but citibank's role in home foreclosures in a federal bailout have some calling their day of commencement a day of shame. the commencement starts at 9:00. >>> the professional business women of california or pbwc reports $28 billion in capital venture investment was made in 2011 with close to 2700 deals. yet almost no industry is nor male dominated than venture capital. we sat down for an in-depth talk to a woman who has risen to the top of this industry, nancy will be speaking this coming tuesday. >> that must have been difficult for you coming up through the ranks. how was that? >> you know, i just applied a lot of hard work, and i just tried to put that issue aside and be so well-prepared for every meeting that i went into or every assignment that i was given. of course, starting a firm, which is a great task for women, you are de facto the boss, and so there's any really coming up the ranks. but in

some graduating seniors are protesting an honorary doctorate that's given to a member of city group andhis wife. they donated $12 million to the university. but citibank's role in home foreclosures have some calling the commencement a day of shame. the professional business women of california or pbwc reports $20 million of venture capital was made with the deals but although no industry is more male dominated than venture capital. we talk with a woman who has risen to the top of this industry. she is the founding manager of a company and she will be speaking this coming tuesday. >> we were the first firm to specialize in clean technology. i started it 19 years ago before the term "clean technology" even existed. >> you are in a very male dominated world. >> yes. >> that must have been difficult for you coming up through the ranks. how was that? >> you know, i just applied a lot of hard work, and i just tried to put that issue aside and be so well-prepared for every meeting that i went into or every assignment that i was given. of course, starting a firm, which is a great task for women

the group called the baltimore alliance is taking the pulse of the entire city. the group compiled ten years of data to get you right down to the heart of each neighborhood. it was created by the baltimore neighborhood alliance. and nonprofit imcase, income. and combine them all over the past ten years and broke it down by neighborhood. and the result is an interactive and specific look. in baltimore city allowing the user to get a good snapshot. and what's important is to know that with over 270 neighborhoods if baltimore city, each one is unique. each one is different. >> now, if you want to check the vital signs of your specific neighbored other, log on to our website at abc2news.com and click on the story's link and we'll take you to that map. in k whyanton. abc 2 news. >>> and before you make that next fight on amazon or ebay. make sure that the computer is detected. number 7 when it comes to cyber crime. it is based on data collected by the agency which includes complaints by victims of cyber identity theft and phony online job schemes. the newist involves y

city. we were with a smaller group earlier. i will stress that san francisco is a city with a dichotomy going on. in many ways, we are a cutting edge city in terms of technology, food, transportation, there are all sorts of things where we are ahead of the curve. we attract a lot of people like you who are forward-thinking and want to do things in a different and more innovative way. we're also a really old school city. the change is challenging. david and i talk about this a lot. we're trying to do things differently. we get a lot of reflexive push back, whether you are talking about cars sharing on streets, or changing zoning to create new housing to make the city more affordable and inclusive. you have those kinds of difficult conversations. so much of this is about educating the city as a whole from all generations and perspectives. our housing policies and transportation systems are not always sustainable. if we want to remain a cutting edge and diversity that draws all sorts of people here, we're going to have to change. w

it's also bank of america, citi group and morgan stanley seeing sizable declines. in terms of the trade on the financials do you think it's the sort of thing where you see it in the news and figure the story out laert? >> the knee jerk reaction is to shoot from the hip here. if you're in the name, i don't believe he's going to dump his j.p. morgan position tomorrow. >> i will dump my bank of america tomorrow. i bought it this morning and it was nothing more for a technical trade. i will dump bank of america on this. i know j.p. morgan's about to speak on the conference call. i won't add to j.p. morgan not at all considering what's going on overall. >> the key is you want discipline. you want discipline with your losers, too. you can't react to this. most people aren't able to trade this after market. most people aren't able to react to this until tomorrow. that's where you have to let your judgment be your guide. wait a little bit and see if the smoke clears. >> i would be predicting that the reaction is negative. the yield spread's compressing the second quarter o

at least eight people were shot during a scuffle after the nba playoffs in oklahoma city. a groupopened fire on a group of women they have been arguing with near a popular nightlife area monday night. one of the victims is in critical condition while the other is sustainable -- non- life-threatening injuries and it happens just blocks from the every net after the playoff game between the thunder and the los angeles lakers. still to come, disney fans, listen top -- you'll have to pay more to get into one of their parts and details will be in consumer alerts and medical experts suggested new test for baby boomers, hepatitis concerns. >> a cold front is moving our way but temperatures will warm up as we go throughout the week and we will tell you why when we come back. a live look of the downtown area with cloudy skies and 73 degrees at the inner harbor. >> i am -- terry angle is here to answer your plant and gardening questions. ♪ >> chrysler is recalling thousands of jeep wrangler is due to risk of fire. the recall affects 2010 model wranglers' with automatic transmission. debris c

his staff took nearly a million dollars bonus from city group. on the stimulus.flush with cash. returning to wall street for even more money. >> people on wall street still don't get it. they don't get it. >> obama won't admit to supporting wall street, but wall street sure supports president obama. >> all right. i'm not surprised it did well with the republicans, but 61 democrats up there, that is not good for the president from my -- from his point of view. you know, mine is different. >> sean, it was funny to watch that add. it was on several months ago. they brought it back on the air starting today. it's a current ad. and to watch these people in the focus groups their heads would explode out of anger. the right look at wall street with some sort of kind of distance. it's not that they are supportive,ite not they are opposed, it's just part of business. left thinks wall street is evil. and to see that barack obama gets so much money from wall street, they would look away. they would quite literally, i don't want to pull the mic out, but they would actually s

a city group, the board members voted not to give its ceo this huge pay package, hundreds of millionsllars and some said that maybe that was an overflow from the occupy movement that this world of people getting 24 and $30 million dollar packages certainly is up for debate up more than ever. >> i don't know what specific case you're talking about. the real impact of the movement definitely has to do with the introduction of inequality in police discourse. this round for phase ii, i think what we'll see, the story will have more to do with oppression. stories about our freedoms being taken away which is happening all over. >> real quick though. obviously you have the general election coming up and many people are wondering if you and many of the people participating, we saw people of all age groomups, when it come time to vote, if we would see a focus on getting people out to vote. whoever you choose to vote for. but there would be a focus on voting. >> the grudge goes back to just republicans and democrats. the problem is capitalism. that's what needs to change. i don't care about the

say, writing, post, printing today, at the end of 2011 the five banks, jpmorgan, bank of america, citi group economy. in 2006 they held 43% of the economy. so their power has just increased. >> and this happened around barack obama. if you listen to the average ceo type talk about the obama administration, they said they're under siege. >> jimmy kimmel said, congratulations, octobcupy, aft hackie sack, there's no more greed on wall street. it continues and too big to fail is bigger than it ever was. >> steve kornacki, thank you for joining us today, sir. look forward toto more from you every week. >> i'm being exiled. we're encouraging you -- >> i'm going to the four seasons. >> coming up, hillary clinton gets an offer to appear on the silver screen. details, next. >> hi, i'm "andrea mitchell reports." the raid that killed osama bin laden one year later. and the war of words that's erupted on the campaign trail ever since. joining us, live from abbottabad in pakistan, michael lighter head of the national counterterrorive center under president bush and president obama. he's also, as i said a

michael meehan is a berkeley city council meeting and a public official will talk to reporters a city watchdog group says the chief had officers working overtime at taxpayer expense to find his sons still in cellphone. kristen shows us why some people are outraged. it's ridiculous. it's a conflict of interest is also an inappropriate use of funds. >>> the course of this belief and disapproval in berkeley after news broke up with the call an iphone game. berkeley police chief son had his cellphones stolen from his locker berkeley high a fairly typical crime but in a typical response for detectives with the police parlance drug task force were paid eight hours of overtime to try to track the cellphone down in oakland to the never found it. >>> if i lost mine cellphone to think the city would that send for cops on overtime to track it down? it berkeley police spokesperson told cbs five is common for the officers to actively investigate and in progress tracking signals from the still an electronic device this is the second time that mean it's been under scrutiny in recent months in march there was a bac

we have citi group winning an auction for $1.6 billion in assets out of maiden lane 3 portfolio. a stock in that pop from negative now up more than 1%. back to you. >> thanks, brian. are the new york yankees for sale? no steinbrenner? whoa! darren rovell has the update turning heads all over the world of sports. and a big day for the dodge dart. man, i remember the dart. phil lebeau is live at the factory as the first of the cars roll off the line. plus, hear what one of the biggest ceos in europe thinks of the crisis. first though, five big winners on this rainy thursday afternoon in new york city. city. we have product x and we have product y. we are going to start with product x. the only thing i'll let you know is that it is an, affordable product. oh, i like that. let's move on to product y, which is a far more expensive product. whoaaa. i don't care for that at all. yuck. you picked x and it was geico car insurance and y was the competitor. is that something you would pay for year after year? i, i like soda a lot but for a change of pace... >>> los angeles dodgers fetching

the bank stocks in general and those two as well, the majority of banks including jpmorgan and citi group, we look for earnings to grow, book to grow in the case many bank stocks increasining dividends. record deposits, record liquidity. firmer ground today than two or three years ago and valuations to us look attractive longer term. obviously near-term the stocks come under pressure, but we're expecting to earn more money next year than this year and more money the year after. >> should bank of america put countrywide into bankruptcy? >> yeah. i think there's a lot of legal and technical issues with them doing that. so i just don't see that as a probable outcome. >> but if they could, if they could get that off their current balance sheet would shares spike? >> i think if they had a magic wand and wave it and make those problems go away, they would, and the stock would benefit. i just don't foresee that happening. >> all the things potentially to come in terms of volcker rule, et cetera, are already in the stock sns. >> yeah. a lot of regulatory stuff out of dodd frank and the banks have

from citi group on chesapeake. josh brown, by virtue of your question, does that mean that you would not buy chesapeake shares here? >> i've been screaming to sell this thing since 2002. one of the cardinals rules when you manage a portfolio is any kind of accounting red flags or questions or any kind of issues with top brass, you just sell and you take the risk that you'll be wrong. but usually you're right. there are so many publicly traded companies, so this is a name that i would never be in until the smoke clears. i don't care if it is the greatest opportunity. i'm not going to be able to do the due diligence to weed out the good from the bad. i let someone else play that game. >> steve cortez, you willing to play that game? you can't escape the overhang on the stock this has become and it expected to be. >> i would stay away from chesapeake but i would not stay away from natural gas. i think natural gas after a year's long prolonged brutal bear market i think natural gas is actually basing here against $2. >>

now on the downside, citi group's vikram pandit, his salary $43 million. down 44% in 2011. down 27% over three years. wall of shame for mr. cramer? i don't know, sue. >> it could be. could very well be. the who's who of the media world is meeting to disdusz what's ahead for their industry. discovery communications up more than 10% this year made a big bet on oprah. is it paying off? julia boorstin's speaking with discovery's ceo at the big cable show in boston. hi, julia. >> hi, sue. well, discovery's proving that content is king with 147 networks in 209 countries. ratings in the u.s. were up 6% last quarter on hit channels like investigation discovery, tlc and animal planet. this while overall cable ratings were flat and broadcast ratings declined. with strong international subscription and advertising growth, discovery's weak spot has been its high profile investment in oprah winfrey's own. that's where discovery invested over $300 million since 2008. but ceo tells me it will break even in the second half of the year. everyone just needs to give him a li