the major blowout at the top of citi group? stocks are burning hot the so is a city near. vikram pandit pushed out. the street send its approval and of the shares are back into the green. vikram pandit said he was resigning but charlie gasparino says he was ousted vikram pandit has said he is facing pressure from the board. to said there was no way this was his decision? coming up we have sheila bair live praising the city grew bored but we will ask your should city group be broken up? , a test doeth pressure? the market feels no pressure at all. off to the races with good news from europe right now we're up 111 points but look at the nasdaq charging ahead s&p 500 up more than 12. we have until. and we have the cfo. caterpillar and boeing joining at the top pushing the market higher this is a broad-based rally we have traders at the new york stock exchange and chicago mercantile exchange. yes the ceo was ousted but the broad-based raleigh, what are people talking about? >> how the averages just one week ago now the nasdaq broke through with the 50 day moving average and ha

really digging into your thoughts i'm not as if you're totally familiar i don't follow citi group and too much except for knowing that he basically. started a hedge fund and then sold it to citi and then ended up running city and i don't

>> >> look being at citi group group, a big changes for that company. they're going through their troubles. nobody may have gone to jail but we see the fallout. >> to see a lot of leadership change, a.g. needed a strong personality. pushing back attempts to politicize. you have to have somebody who is arrogant practice if they rollover everytime washington says do this are to that. gerri: fannie and freddie are the institutions we ears still on the hook for billions. will we ever get it back? >> we there get rid of them more brcs stock -- o.r. we are stock. [laughter] i am happy with the their option. gerri: thank you for coming. i will be joined by neil cavuto live in about 15 minutes. he made headlines saying how obamacare will impact him, his business and patience. next. >> i'm a conservative investor. i invest in what i know. i turned 65 last week. i i'm getting married.w. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil

thus-ti iti ge ceo of citi group is stepping down. what is one long?> questions are going up weather and not he was the head funds manager and pti group's stock is up 5%. it >> consumer prices are going up due to gas prices. guess price are tend gas priceo bring the taxes of up and the prices down and then it tends to bring them back up. i am not really freaked out about this with this said consumer prices >> the time now is 6:49 a.m.. >> the high spot in whethe it is weather is warm. not contending with the dense fog this morning. there is swarming around the bay and they may climb to the upper 80s. thames will be in the '60s to 70's for tonight. we will be same some high clouds letter on this afternoon and i do want to bring your attention to some wet weather. this is really impacting organ but we do have warm conditions and all saw a flow means that the wins will be pretty dry. whenever we do have warm weather in the bay area the concern for fire danger occurs. we will not see a red flag warning. we just would like to keep this in mind. 81 degrees i

. >> breaking news on citi group we're here with the latest on citi group. >> vikram pandit has been telling friends on wall street he has been pressured by the board it has spent pressuring him for months about his performance and things that went on. today was a surprise to the market since they just announced earnings but not do vikram pandit he knew he was on thin ice. the board has been increasingly uncomfortable regarding the stress test, smith barney it was valued at a price on their books higher than the independent arbiter. they had to take a write-down. i did here today the sheila bair book did not help. i am going through that book. my producer is. stable talk about that at 3:00. that was another cut death by 1,000 cuts vikram pandit is out today publicly stating he was not fired. he decided to resign. sources are telling us he was host -- ousted the board lost confidence and alerted his days should be numbered. he was given a chance to resign. last night citigroup alerted regulators he was done. does that mean he was fired? that was a legal term. i think he is ousted. lor

morgan chase citi group and general electric were recruited to work in the white house while we have cemented into place is a system of legalized bribery public elected officials arnason corporate employees you know the flagrant sort of corruption the ability of this small group of patients class of corporate oligarchy to write the laws write the legislation create a two tiered system this ultimately is going to implode according to a two thousand and twelve harris poll the majority of americans see wall street executives as dishonest and overpaid with an overwhelming amount of citizens in support of tougher regulation. and overhaul the occupy wall street movement began championing last year as millions of americans flooded the streets every day thousands facing brutal arrests. to protest wall street greed economic inequality and corporate influence over us politics down. as election day draws near occupy activists say both candidates have pander to their financial donors and successfully ignored the biggest american grassroots movement to be seen in decades we see little difference

. >>> if you are one of city groups millions of customers, perhaps you heard the news this morning, that the ceo abruptly resigned. pondit told cnbc today he's been thinking about leaving for a while, multiple reports say he's been fighting with the board of directors over strategy, and the performance of some of the banks division. citigroup stock finished higher along with the rest of the stock market. >>> this next story has consumed a small town in maine, not far from the famous home of former president of george herbert walker bush. suddenly it's in the news around the globe for something that started very small. a local exercise instructor who is now accused of being the woman behind a vast local prostitution business. and the local cops are naming names of the accused male customers. nbc's katy tur reports tonight from kennebunk maine. >> reporter: this picturesque town of 10,000, scandal is ato the afoot. >> it's not a big enough community where you can ignore something like this. >> reporter: the names of 100 local men who allegedly paid to have sex with this woman. the local zu

familiar i don't follow citi group and too much except for knowing that he basically started a hedge fund and then sold it to citi and then ended up running city and i don't even know why anyone would buy a hedge fund in the first place doesn't really seem to make much sense to me anyway but you know it wouldn't surprise me though that story would be true just because what you see is this incestuous relationship and this is global it's not just in the united states i think it's in china i think it's in every major economy where the elite are of the oligarchy class and in the west it's mostly the banks there's all are doing are committing their crimes with the permission of the government and they sort of agree with each other that hey i'm not going to tell on you if you don't tell me so congress insider trades congress chiefs congress doesn't pay taxes and no one says it and the same time the bankers c.e.o. and get bailed out and get zero percent loans to speculate and no one says if they're going to. so yeah i mean these agreements i mean are it's implicit explicit it's becoming more

and when we looked at what was happening in other parts of city and talked to some of our other community advocate groups we found there was confusion there as well. so to identify some of the gaps that this were and to see what sort of recommendations we could put forth as suggestions for city policy. and sense then we have been working closely with the department of public health and have been giving sort of our suggestions on how they could -- sort of our suggestions on how they can incorporate some of the ideas no their own polices and procedures. and the department of public health has put out their directors' rules and regulations for control of bedbugs of it's a new document and it went into effect july 1st of this year. i would just like to say that we're very excited about that document and we think it makes a lot of important changes and clarifies the roles and responsibilitis is that tenants, pest control operators have in this process and we're interested in going forward and trying to evaluate how well that process works in talking with them in the future. not all of the recommendations of t

the jolts and running one point one percent are softer raising its twenty twelve profit forecast citi group gains around one percent of the c.e.o. pound it resigns that figures on the screen just over a percent of the nows that the european markets they've managed to finish out the day in positive territory today including the olympics as well the spanish both on us despite raising ages to standard and poor's cutting the right of fifty spanish banks today due euro is. the best says they are holding out for the all in four said they use suddenly coming up all day and it's set to reveal more details on potential sponsorship bailout package we can see the revolver and say it was indeed may sound the russian mob is to grab the well i'm not a risk appetite is once again in full swing with speculation that the fragile spanish economy is expected to get a software that bailout as i say now as for the russian economy the fact is that investors five years ago talking about oil money quick a big returns booming consumer dimanche it seems that those are coming back a bit over at deja vu effect as well

came up with in just a moment air con sader plus a high frequency trading firm started by former citi group exact closed its doors this week reportedly because a lower volumes due to a drop in trading by retail and other investors have led to smaller profits for the speed demon this is according to the wall street journal did unchecked high frequency trading advantages drive other investors. out of the market and what effect will this have on the algo bots themselves will talk about what it might take to get these investors you and i the average folks and fairness back in the market plus newsweek shuttering its print edition is this part of a larger trend we're seeing first hand in the media business the move of mainstream media online to compete with the growing blogosphere and alternative media is growing like wildfire we'll talk about it let's get to today's capital account. so today the c.e.o. of p. and c. financial services reportedly told c m d c that computer hackers pose an increasingly grave challenge to the u.s. banking system this comes of course after last week secretary of defe

and johnson rallying one point one percent that's all to raising its twenty twelve profit for car citi group as well they gauge one percent and that's after the sea. pounded actually resigned as well so let's check out wall street numbers and shy away and we'll be able to see what they're up to just now at the end of their trading day with the dow jones nine tenths of that on the nasdaq over upset in positive territory also lots coming from europe as well because they too finished up are in the positive territory just over a percent over one and a half percent for the dax and also the i beg the spanish bulls to you had a good day last despite raising agency standard and poor's cutting the rating of fifteen spanish banks today the euro is still going to new all investors now already hold ielts for the e.u. summit that's going to be taking place on thursday because they are expecting a decision to be made on the protests. chil spanish bailout package as you can see this is how the ruble performed today it was a mixed one on the russian market is they did rather well because the risk appetite i

the gains as it still remains in the first part of the trading day we had american retail sales city groups. topping estimates and staying with the west this is the prize in economics has been given to two american game theory as. lloyd as you can see just awarded the prize for starters on the matchmaking taking place when doctors are coupled with hospital students with schools like human organs with patients in need of them as good as you ever see what's happening now in the last a part of their day as you can see they too are holding on to more. now that is really the main use was fueling the markets came from china really serious inflation which is giving hopes of policy easing measures the euro now which check out the current says it becomes it will be able to see it actually is managing to get a one twenty nine and fifty three now the ruble has finished trading today as we can see him finished up makes just as you managing to get a because the euro but lost out because the greenback the russian main indices they finished the day's a session in negative territory we'll be able to see th

welcome to business city group workers will be welcoming a new boss today michael colbert's head of year right now he'll take over from vic compound who let the bag through a u.s. bailout while repaying the habits and two hundred sixty one million dollars for himself so let's see how the traders are reacting to all of this a wall street right now against the figures and see that they are indeed absorbing that news that it looks like it is so far that hasn't just to production rose more than expected as well as a whole plethora of corporate earnings to top paying customers european markets the rating agency standard and poor's coloration of fifty spanish banks the exchange rate the euro remains up as well investors will now be turning their attentions to the e.u. summit later on this week for clues on the spanish bailout meanwhile the russian currency remains mixed and the last hour of trade here most. of the extra mark is all still managing to hold on to gaze as we can see mirroring the general global momentum we've got today in the session last time we brushed up oil money quick big ret

city group 37. i 10. still up 1.2%. citi would normally do 40, 50 million shares.king about multiples of order trading just about an hour, hour and a half after the stock opened. the "journal" has some comments out here today. citigroup's board clashed over strategy and performance. citigroup board frustration included performance of the institutional clients unit. guys, i'll keep calling around and see what the analyst community has to say. back to you. >> for more on pandit's departure let's bring in kayla tausche. my reporting does follow the same story line this was a developing thing that was in informing the top bankers in the last 12 to 24 hours. jim said comp wasn't the main issue. it maybe wasn't the last straw but it was the central issue. pandit earned a salary of $1 a year while the bank was charging through the financial crisis and the u.s. government made a $12.3 billion profit from its t.a.r.p. investment. pandit had his salary restored last year when shareholder saw that base salary and saw it was accompanied by a cash bonus of over 5 million and 8

citi group rose after reporting a big surge in earnings. kindel users may be getting a credit next year part of a price fix be settlement. you'll get from 30 cents to $1.30 off for e books purchased. >> barbara lee is warning the presidential election will have a major impact on the future of food banks including in her home district. it began distributing groceries from the first delivery from the agriculture department since the end of july. saying mitt romney's budget would cut another $15 kbrinl from already struggling nutrition assistance programs. >> some are waging war on the poor. the working poor. low income people. people just struggling to get by until we create jobs. 130,000 people rely on the pantries and food kitchens. >> still tied in the fourth inning. we're hanging in there. >> but first a new scandal in the california prison system. two dozen workers in big trouble for smuggling cell phones to inmates. >> open enrollment for health care benefits. which plan right for you and your family? taking a look at that question as a

. >> the stock from business news city group came out this morning with their earnings. have lending companies and taking a hit?. >> $3.3 billion in profits for sitting. the quarter. they're not doing a lot of mortgages. they're not really a market company. not as great as wells fargo did last week. morgan stanley barney these companies keep changing. they had a good quarter we want the banks to do well wells fargo. in their lending for some in our economy is working in our economy is working the stock market is higher. if the stock-market is higher people will be happy. >> all looking for continued recovery, albeit slow. >> keep in mind occupy wall street is about a little older the year. >> one of our final bids has to do with japanese companies. by spring or lease a big chunk of it. >> from 70% will be a big jump for sure. this is not a manufacturing company which is what japanese companies used to buy this a telecom company. it is no. 3 if this is really the for consumers we want more than at&t and verizon. >> the ceo with on to say fast as fast as fast. >> innovatio

charles schwab is up 1/3 of 1%. $36.124 citi group.ley: and we have a guest to talk about it focused on the consumer that better than expected retail sales numbers showing the domestic economy is rebounding we have bob keyser from s&p capital. let's get to the earnings. going in the expectations were low. were we being sandbagged? >> it would be tempting to accuse that but with only 1% positive earnings growth it's still waits to be seen by over 60% reporting better than expected is a great start. lori: iu partial to any sector in particular? >> keeping a close eye on financial's with the bernanke qe3 targets stimulating more did origination through the bank's. that is great news if it is successful into the fourth quarter and next year to seven with a host of different possibilities are we do for a correction those that say the market needs the reset? >> look at third quarter expectations it is easy to say this trading on fourth quarter and 2013. the market is taken off. with better than expected economic data and the announcement of

months have been pretty good to you even panned it who resigned as the chief as chief executive of citi group is riding high he can rest easy atop a mountain of money wall street journal says he made more than two hundred twenty million dollars over the last five years one of the major booms though is for big banks and it's been a result of what many are calling the new housing boom and desire to correspond to liz wall shows us some of the biggest winners made record profits as a result of this major surge in giving people home loans. oh quarterly earnings from the nation's biggest banks suggest the u.s. housing market is in recovery mode but this latest news isn't resonating with most borrowers take a look at the third quarter profits for the two biggest lenders as you can see wells fargo profited four point nine four billion dollars that's thirty three percent more than they made in the third quarter of last year j.p. morgan chase made five point seven one billion dollars that is up twenty two percent from last year now with numbers like these you would think that the housing market is back

street donors that supported obama in two thousand and eight like bank of america morgan stanley and citi group are all of romney's top donors this time around but obama saying that we should all reform wall street hello david where the hell of you've been you're the one who let the collapse those who collapse the economy walk away with millions of dollars in bonuses why is it not part of the debate that both candidates are funded by the same banks and lobbyists could it be that this is just one more thing narrowing the similarities between the candidates folks come november will be faced with a false choice painted by both sides of the corporate media has a clear distinction are you not convinced yet. let's go over this again both candidates the port unmanned aerial drone warfare and also support targeted assassinations of alleged terror suspects both have extremely close ties with the g.m.o. giant months santo you know the corporation trying to take over the global food industry both want to bomb bomb bomb bomb iran after four years in office obama has not made any headway in closing a little

bulls really ran the show thanks to strong september retail sales and pretty robust earnings from citi group it all paints a picture of recovering u.s. economy what it comes to currencies the dollar's edging higher to the euro this tuesday the russian ruble as you can see close the mixed to the currency basket on monday and a local equities and the day in the red of the r.t.s. shed more than a third of a percent we'll bring you the latest figures as soon as the russian markets reopen and the less than two hours and the russian equities track the oil price as they so often do they have no place to go but down since crude is a lower this tuesday but it's not the hydrocarbons but a fast growing middle class and hands a booming consumer market that really attract foreign companies to brush up and five years since the start of the crisis it's stronger than ever that's how difficult explains. the middle class in russia has tripled over the last five years to more than ten million households not so many but each pulse of a hand has substantially more buying power than the average in china brazil in

now, citi group, of course, problems with the building below 34th street, morgan stanley and sachs flooding i don't buy this. they didn't have to be in pardos way, but outside the city. by the way, there's offices in dallas. >> in a bigger picture -- >> dallas. >> this just destroy the image that wall street is where it's at? not only the problems with the weather. >> you're right. there's an issue here with wall street and the stock exchanges that they saw this coming ten days ago. joe was pounding the table about this storm being the mother of all storms. i came back from dallas because i knew wednesday there was going to be a problem, and you know what? you know, i prepared. why didn't wall street prepare for something bad? i mean, they have -- listen, goldman sachs has offices in london, in dallas, in chicago. i know this for a fact. they could operate, and, you know, they didn't. it's -- it's -- you know what, liz? it's not so bad on this. this is two days. market's doing okay; right? liz: very well. >> suppose we have something really bad. what's the plan? if there's a terrorist attac

. ♪ 0t[h7 gerri: citi group new ceo today's said the -- vikram pandit it was not pushed out he quit.nk in and out of the crisis was ousted over a clash of strategy. and a conference call the new ceo said that is not the case also he will not change the direction of the bank. shareholders have not been too excited with vikram pandit. he received $50 million last year. the new ceo has worked for the bank since he graduated from harvard in 1983. veterans ceos on their way out makes way for the executives under the age of 40. the highest-paid yen executives. number five the president of symantec's taking a $6 million per year. number four. managing director of capital management topping $7 million. number three, at christopher winfrey from charter communications for a 36 earnings 7.5 million. james murdoch ceo of news corporation 39. earning 13.5 million per year and the number one executive 36 year-old vice president of facebook earning nearly $25 million per year. does he own any facebook stock? the truth behind the market's and the economy. obama will put the best spin on it tonight.

citi group earnings topping estimates as well. there is speaking of i've yobs dealers showed a jump in sales since october, 2011. remember the iphone became available and five million union sold in three days. through nonstore retailers who benefited from demand for the new iphone. your bloomberg silicon valley index closing higher, slayers of apple and intel helped pull that higher as well. how do you say movie night in swedish? net flix started operating in sweden today. the service will also add norway, finland and denmark later this week. the service costs about $12 per month in sweden. net flix does not expect to turn a profit at least two years. in san francisco, bloomberg west, guys, back to you. >> thank you. >> spencer chis kris chi chin -- christian keeping an eye on weather. it took a while. >> clouds hung around this morning. low clouds burned away. now we've got sunny skies and it's warming u here is a live view from sutro camera looking towards golden gate. blue skies above there. we'll take a look at live doppler 7

neil: vikram pandit s out at citi group. do you know, why?se he never adessed shareholders' concerns. he never addressed anything. he never took a stan he never said anything. i tried to pin him down on one thig. he said nothing. nothing. you liste you decide. december 2007 just in to his job forget about haring goals. he was not interested in sharing an opinion. >> been given this enormous powe not to bigfoot them bu will look at that? >> the board has made that decision. neil: is it fair to say because of the board's statement on the dividend, vikram pandit is against cutting the dividend? >> i will be very clear. it is the board's decision. neil: your sense of the political landscape? >> i will not comment onny of that. i will comment on what you want to talk about. neil: chocolate or vanilla ice cream? >> can you get me a twirl? neil: okay solely? forget about ice cream. step back. what does us series like that think? we're going into a meltdown. you cannot build a career on vanilla. you will be creamed. your favorite flavor does not matt

city hall. there's a group already at city hall taking part of a protest there. we will march with this group and if something breaks we will bring it to you. if not we will see you tonight at 6:00 for the meeting. until then, paul chambers, ktvu news. >>> ktvu's rita williams with what appears to be a disturbing trend after five shootings in just days. >> reporter: oakland has seen spikes before but this one is dramatic. four killed in oakland in just nine hours, statistics to some, to others the loss of real people who were loved. >> we sort of left with this big blank spot up in our minds and hearts like gone. just gone. >> reporter: she's talking about 23-year-old robert dale. a neighbor she's known since he was a little boy. dale lost his own mother when he was three and now his two- year-old son will grow up without his dad. and sarah mellis now will race his dad alone. >> it hurts. it hurts me, it hurts my son. it hurts his family. >> reporter: police say dale was sitting in a car with another young man in front of his house on 72nd off international about

citi group said they see a range of $32 to $35 a share. >> we have a pop for hobbit currency. hobbit currency new zealand is banking on publicity to celebrate the release of the first movie in the hobbit trilogy. the government is issuing legal tender hobbit currency and the value of the coins is no fantasy. some are worth more than 3,000 u.s. dollars a piece. >> was that e.t.? >> preposterous. >> fantastic. >> that's unbelievable. >> those books and the harry potter. >> they are all the same. >> and then harry dent. >> harry potter. >> it is uncanny. >> it is hair. >> outstanding. >>> coming up next new york known for sites, skyline. there is something new brewing. we have that story right after this. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for

. >> pop here for citi group. >> i would stay away from it. would go with high concentration of cit versus staying with the big bracket names. >> pop for coach. >> high end stores have popped on positive news. really benefitting from that. >> drop for radio shack down 13%. >> we ought to give dan a little bit of credit. we were talking about this name. he said stay away from it. but the story here remains dismal. the ceo left the company. and credit squeeze confirmed the under perform rating. this is a broken stock and broken story. >> and a pop for coconuts. a man recently smashed a record that would make any frat boy proud. the hard headed 40 year old busted open 18 coconuts gaining a place in the book of world records. back in 2011 he cracked 85 coconuts with his elbow in one minute. how do you practice that? >> amazing. >> it's a talent. >> everyone has one. >> confused about which companies to by. stephanie has the link you might be missing. stick around for that and we will dive deeper into the retail story with some of the biggest retai

we're monitoring that phone call from citi group. let's get straight to the markets because it is the rally that will not quit. joe, how are you trading it today? >> adding to positions, we challenge on the down side some tactical support. now the market bounces back today. adding to some existing positions that i already have, adding to the technology space, to corning, i think they're going to report and do well. added to some of the semis. scan disk, i think they're going to do well. and establishing a position once again in starbucks, the ultimate question is do you go for what has been working or do you look at this rebound and say not only am i going to buy what has been working but i'm going to go after some of the performers which today are the leaders in the market. >> i do the same thing, i added to risk as well. i stayed long my wind, that's my casino play. i thought the market was going to break down, it didn't. so i was forced to partake in some of this action. i bought the beta, i bought the high risk. we came from 1474

in the last few months -- under a grant from the city...the group started working with police in two neighborhoods. hardiman says slowing the city's homicide rate will take changes in policing strategies and community strategies. no one - he says- is off the hook. this is giving us a black eye across the nation. we've reached the 400 mark and we're on pace to hit 500 homicides for the first time in several years. the mayor can only do so much..police can only do so much. we all have to play a role. stop the violence. on the southside -- members of sweet holy spirit church were on a prayer walk, today. prompted by recent shootings... including the murder of dejuan jackson -- 17 and, police say the gunman -- is just 14 years old. many are wearing red symbolic of the bloodshed and the blood of jesus that covers us all. we want to pray on every corner that crime will cease in this area. homicides are up 25% from this time last year. the state is going to take leaders to get involved in getting people to put down the guns. >> a man accused of abducting another man from his home in streamwo

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

the city police investigating. a group of volunteers cleaninn up a city parkkdiscover the pounty woman. was reported missing on september 20th.we spoke with her family last week during her.they said she suffered frrm demmntia and wwlked away prom an assssted living facility in wooddawn..er body was founddsaturday n eakinn pprk.familyymembers say she died from hypothermia. a rare meningitis outbreak sickens 26 people in fiie ssates.. iicluding riiht here in maryland. maryland.so far four people have dded, including one cases are expected ii the coming days.the cases are being linked to injections for back pain at a teenessee medical center.. which has ssnce closed.health officials pontagious... but they say more than 7- hundred eople could be affected. inspections at baltimore display for anyone to see. - grades.the information would 3 also go on display at the &prestaurants.according to the baltimmre ssn, al members of on as sponsors f the bill. rrppesentatives of the state's restaurant indussry and some restaurant owners

citi group. the pool itself? biggest operates in the country., fidelity, credit swiss, and it's possible, although we don't know for sure, that your mutual fund trade might have been impacted by this cheating. ebx agreed to pay an $800,000 fine for failing to protect trading information. it's not enough. regulators have to step in, reign in abuses once and for all. the industry needs to get the agent together. not only is high frequency trading putting your money at risk, but the global financial system. details of major acquisition in the works that could change the landscape of the cell phone world. next, changing the look of the banking world. how the internet's number one retailers is getting into the lening business, and how you can cash in. ♪ so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a

city. the groups here today and our allies we urge the board of supervisors to support the proposed legislation and we thank you. >> thank you, miss chung. >> we have the department of public health here as well and our office has been working closely with the department along with residents and advocates on this policy. thank you for being here. >> thank you. my name is karen cohen. i am a program manager in the san francisco public health department. i have certainly been working closely with the bedbug working group and advocates here and supervisor kim's office. and that has started with my role in coordinating the revision of our department's rules -- directors rules and regulations for bedbug prevention and control. we had stakeholder meetings and public comment and public hearings and all of those were wrapped up into our new regthat has been mentioned effective july 1st. since that time i have been working with the advocates who are speaking here today to increase public awareness. as an example -- there we go. we have been collaborating on an interior bus placard advertising at muni th