suffer austerity they're disappearing and they're the casualties of the bermuda triangle economy citi group have asked you know maybe unemployment no longer has any relevance it has for thirty forty years perhaps it doesn't ok because we are in a sort of neo feudal system the sort of bottom ninety nine percent maybe they don't matter anymore maybe they're not needed for a globalized economy maybe that's why we could split off or they ask it no longer seems that earnings matter to the stock market either because if you look at this you can see that u.s. earnings revisions have tracked swings in the stock market usually back for decades as you see in this chart but since the start of two thousand and twelve there have been net downward earnings revisions as you can see on the right of this chart while u.s. stocks have soared again perhaps the earnings of these companies make have no bearing on where the stock prices go apparently not to the investors but as you see from the chart they no longer matter earnings no longer matter to the financial system well i'm a veteran of these markets now fo

a lot of the folks at home, maybe they don't own just citi group, but with a big fund, they will haver, so good with the financials. back to you. liz: thank you, nicole. we talked about the upcoming vote on whether the head of jpmorgan gets to keep both the ceo and chairmanship roles, and what dimon is likely to do if the board decides they can't have it and they split the job. charlie has been talking to a bunch of people on wall street and we're joined by the top banking analyst. talk about what you think is going to happen in just about five and a half days when this goes up for a shareholder vote. >> well, i actually think he's going to survive. i think the vote could be something like 55-45 #% in his favor, but i don't think he's going to be put in a position where he's going to have to decide to leave the company or stay. if he loses the vote, though, i really do think he will leave because it's now become a bode of confidence on jamie dimon rather than anything to do with corporate governance. >> i read the note put out this morning about the situation. one of the things you co

sailed into the house financial services committee and city group's recommendations were reflected in more than seventy lines of the house committee eighty five line bill while this probably comes as no surprise that the trend of banks carrying increasing influence is getting noticed which is probably not good for mr dimon at all an embattled hedge fund mongul stevie cohen continues to face pressure for possible criminal insider trading charges this after he recently had to pay six hundred million dollars to the f.c.c. to settle civil charges borne of senior executives were given subpoenas to testify before a grand jury many are looking at this case as a bellwether for the largely unregulated hedge fund industry it seems the top dogs in this finance sector are not too big to fail. and finally japan's money print money printer and shiva said he would do more to her own as domestic bond market commencing the most aggressive program in the history the yen has more than thirty two percent of its value relative to the dollar and bond yields have a spiked the most in decades with a new stoc

sailed into the house financial services committee and city group's recommendations were reflected in more than seventy lines of the house committee eighty five line bill while this probably comes as no surprise that the trend of banks carrying increasing influence is getting noticed which is probably not good for mr dimon at all and embattled hedge fund mongul stevie cohen continues to face pressure for possible criminal insider trading charges this after he recently had to pay six hundred million dollars to the f.c.c. to settle civil charges for a senior executives were given subpoenas to testify before a grand jury many are looking at this case as a bellwether for the largely unregulated hedge fund industry it seems the top dogs in this finance sector are not too big to fail and finally japan's money print money printer in chief has said he would do more to her opponents as domestic bond market convincing limo.

transgression they were bilking the taxpayer well they recently settled with citi group but they've declined to tell a federal judge much less to taxpayers how much the settlement is worth or any other details for that matter bloomberg inquired as to why it was told that the f.a.a. f.a.a. might never disclose what's her well i guess we'll have to see if mel watts bring some transparency to that agency when demarco leaves but we're really not holding our breath on that and the jobless rates in seventeen countries that use the euro rose to an all time high twelve point two percent but price inflation still remains low guess what that green lights you have some more european central bank bond buying aka money printing but protesters in germany aren't having it at least not as they are the measures that's because up to three thousand members of the walk you movement descended on to the brain for it's a financial district to disrupt business activity and according to an. occupy spokesman the aim of this blockade is to prevent normal operations at the sea or forced to wonder if and when the will d

between government forces and rebels in the western city of kut eighteen of those who died opposition fighters according to a u.k. based activist group president assad's troops launched an all out offensive on the area a week ago the city's seen as strategically important for rebels funneling weapons from lebanon which is just ten kilometers to the west. on a world update hundreds of left wing activists and marched in the burden suburb of book to mark the anniversary of the murder of an unemployed man. was stabbed to death in his home by four white we stream is what he was abusing the welfare system related sentence to between four and thirteen years in prison suburb in the north of and it's become a hotbed of extremist activity in recent years. that's it for me the news team for them will be back with more for you just over half an afternoon meantime we'll be looking into the latest financial highlights on prime interest from our washington studios that's after this break. although i was born after the vietnam era i remember t.v. discussions about that buddhist monk who burned himself to death as a form of protest the commentators o

give it to wells fargo and citi group. there are too many student loans. the private sector will encourage these loans just as much at just as high a rate. it's not going to go away with some sort of a cap on how much you can borrow. there is a scandal there. my student loans from business school are 3.13%. these kids are playing 7% in graduate school. interest rates are lower today than they were when i was in business school. the president wants to fix that. before '06 it was lower. congress got involved, set the rates arbitrarily high, haven't adjusted, and that's hosing these students. the solution isn't getting out of the way and letting a private bank take on that 8% loan. >> sure it is. >> it's to limit the amount that they borrow so they don't get in over their head and get the rate to a more realistic level and still make a little money for the government along the way. >> brenda: isn't getting the private banks into this going to help, gary b.? >> i would think so. i would think one of the reasons that, you know, when john kicked off the segment,

for trades from new what regulation according to the times the bill which quote was essentially citi group sailed into the house financial services committee and study group's recommendations were reflected in more than seventy lines of the house committee eighty five line bill while this probably comes as no surprise that the trend of banks growing increasing influence is getting noticed which is probably not good for mr dimon at all and embattled hedge fund mongul steve cohen continues to face pressure for possible criminal insider trading charges this after he recently had to pay six hundred million dollars to the f.c.c. to settle civil charges borne of senior executives were given subpoenas to testify before a grand jury many are looking at this case as a bellwether for the largely unregulated hedge fund industry it seems the top dogs in this finance sector are not too big to fail and finally japan's money print money printer and shiva said he would do more to her volatility as domestic bond market commencing the most aggressive program in the history the yen has more than thirty two p

both iran and china have been accused of being involved on such major banks as bank of america, citi group, wells fargo and u.s. bank. >> the concern is that people are eavesdropping keeping an eye on people and perhaps have visibility in spaces they should not he says such high security government installations won't allow employees or visitors to even bring in standard lap tops or cell phones. for individuals the solution is simple. cover your camera with tape or paper. but tiger from uc berkeley suggests shutting down a microphone as well by hitting f 1 key. >> that will bring up a kbraix part of the computer, you can turn off the micro phone from there. >> there is a good likelihood they're also listening to what is going on in the room. >> all three people we talked to encouraged everyone to install patches and be cautious. if you don't this, could happen to you. >> so this is something we should all be aware of and take precaution. we have a link to more details instructions on how to turn your camera and microphone off. just click on 7 on your side. >> it's alarming. >> this video s

you read it is to buy it quickly moving on those who are facing foreclosure by wells fargo and citi group might be able to breathe a little sigh of relief the two bain giants have halted most of their foreclosure sales and several states this is after the federal reserve and the office of the comptroller of the currency issue new guidelines will this joint jam the housing inventory pipeline once again we're going to discuss this and more with michael richards and he's a contributor to the motley fool and tomorrow's the big day at j.p. morgan that will decide whether or not jamie diamond will be stripped of his chairmanship but some shareholders are crying foul and have called on the securities and exchange commission to enter this is after a company called rod ridge which is supposed to provide updates on shareholder votes suddenly stopped reporting this information on friday. and finally apple c.e.o. tim cook goes to washington tomorrow to testify over taxes did they pay too little are they gaming the system code will for.

both iran and china have been accused of being involved on such major banks as bank of america, citi grouplls fargo and u.s. bank. >> the concern is that people are eavesdropping keeping an eye on people and perhaps have visibility in spaces they should not he says such high security government installations won't allow employees or visitors to even bring in standard lap tops or cell phones. for individuals the solution is simple. cover your camera with tape or paper. but tiger from uc berkeley suggests shutting down a microphone as well by hitting f 1 key. >> that will bring up a kbraix part of the computer, you can turn off the micro phone from there. >> there is a good likelihood they're also listening to what is going on in the room. >> all three people we talked to encouraged everyone to install patches and be cautious. if you don't this, could happen to you. >> so this is something we should all be aware of and take precaution. we have a link to more details instructions on how to turn your camera and microphone off. just click on 7 on your side. >> it's alarming. >> this video showi

you read it is to buy it quick moving on and those who are facing foreclosure by wells fargo and citi group might be able to breathe a little sigh of relief the two bain giants have halted most of their foreclosure sales and several states the.

trades of from new what regulation according to the times the bill which quote was essentially citi group sailed through the house financial services committee and cigarettes recommendations were reflected in more than seventy lines of the house committee eighty five line bill while this probably comes as no surprise that the trend of banks growing increasing influence is getting noticed which is probably not good for mr dimon at all and embattled hedge fund.

transgression that they were bilking the taxpayer while they recently settled with citi group but they've declined to tell a federal judge much less to taxpayers how much the settlement is worth or any other details for that matter bloomberg inquired as to why it was told that the f h f a might never disclose the tar well i guess we'll have to see if mel watt bring some transparency to the agency when demarco leaves but we're really not holding our breaths.

you view it is to buy it quickly moving on those who are facing foreclosure by wells fargo and citi group might be able to breathe a little sigh of relief the two big giants have halted most of their foreclosure sales and several states this is after the federal reserve and the office of the comptroller of the currency issue new guidelines will this joint jam the housing inventory pipeline once again we're going to discuss this and more with michael richards and he's a contributor to the motley fool and tomorrow's the big day at j.p. morgan that will decide whether or not jamie diamond will be stripped of his chairmanship but some shareholders are crying foul and have called on the security and exchange commission to enter green this is after a company called broadridge which is supposed to provide updates on shareholder votes suddenly stopped reporting this information on friday. and finally apple c.e.o. tim cook goes to washington tomorrow to testify over taxes did they pay too little are they gaming the system code will present his own plan to congress that will have repercussions thro

you see it is to buy that quickly moving on those who are facing foreclosure by wells fargo and citi group might be able to a little sigh of relief the two giants have halted most of their.

citi group is that the sign these companies the north with the same tomorrow as they off the day if you want to greece will go there so i was saying i saw that was effective really got the banks that are big institutional i was the anti-apartheid campaign sure on the. yeah involving barclays bank yeah where they boycotted mark place bank and they put an end to apartheid in south africa and that's what ended that apartheid regime because they divesting of the barclays bank assets and from pension accounts caused a sea change shift so how do you get had nelson mandela was in prison somebody could understand this guy he was an old grandpa people like wow this guy needs to get out of prison and all the fricken little england little british people out there who worked all their blue hair their marmite encrusted whatever they the morning was sympathetic who do you have on your side is going to get the people off their duffs and actively interested in saving the globe citizens can do things individually but the people we really need to move is the onus of capital if you want to change capitali

which quote was essentially citigroup's sailed into the house financial services committee and city group's recommendations were reflected in more than seventy lines of the house committee eighty five line bill while this probably comes as no surprise the trend of banks very angry.

do you see it is to buy it quickly moving on those who are facing foreclosure by wells fargo and citi group.

the last seven weeks and it's really the financial stocks that are doing the best bank of america citi group as well rising more than two percent energy stocks as well jim back to you well the largest gate is included marathon oil corporation valero energy corp as well both off around to sort of today the footsie as well ended up with a u.k. stocks extending gaze into a nine straight day now we'll see you tell it see. the trend actually one of the big ones today that's off the beach news while mine is added pressure as well after a sector downgrades mainland europe as well they did actually have a choppy session. demonstrating it there but it was choppy but they ended up better away invests in expected eurozone industrial production figures against a weak german reading also one of action that greece won an upgrade today a one level from ratings of the country's progress in rebalancing the economy and bringing its deficit under control so that now the minus from triple a say system. in terms of the struggle the russian market has my say ended up the day in the red a lot of that was to do wit

moving on those who are facing foreclosure by wells fargo and citi group.

while group populations are declining as more and more people leave for the cities. but one group of women is working to help these ethnic groups find a e

there have been a number of other types of meetings between different factions, the groups that support city college , but i think there needs to be much more of a dialogue and the select committee or working group from the city and the stakeholders from the city college system to me is a good step forward in making sure that we are putting our heads together to support this important addition. >> supervisor breed: and i had to make other concerns i wanted to bring up. i received a number of correspondents about the potential for this resolution as it was prior to it being amended. that it could potentially impact the accreditation for city college, and just the fact that things are so very vulnerable at this time. do you think that you give me maybe the response to that so that i can feel a little bit more confident about supporting this? >> supervisor mar: i know some of very concerned about the decision; in june 3-5 when the accrediting commission comes to burlingame, and no timing is very important so the city showing strong statement of support is . so me a very positive thing towards t

for trades from knew what regulation according to the times the bill which quote was essentially citi group sailed through the house financial services committee and cigarettes recommendations were reflected in more than seventy lines of the house committee eighty five line the bill while this probably comes as no surprise that the trend of banks growing increasing influence is getting noticed which is probably not good for mr dimon at all and embattled hedge fund mongul stevie cohen continues to face pressure for possible criminal insider trading charges this after he resign.

of the cofounder of the san francisco skate boarders association a public advocacy group that supports parks for the city and a proud number of local 16. the group working these events. i couldn't be the founder of the group unless i was in this group. it gives my the flexibility and able to do things that we all find necessary. i would like to make a few points based on my experience as the president. i have been to meetings stand up to negativity and unwarranted and people opposed to whatever project and explain to you that the world will collapse if you proceed. everything that can go wrong will go wrong. i am here to say they're ignorant and it's not the truth. my experience with our kids in skate parks have proven the loudest detractors see their protest not substantialized and what happens is enjoyment by neighbors and good fun by all. just like when the giants moved into pac bell park and a lot of people thought there was going to be problems when the rolling stones came and a lot opened their windows and had a good time. we are not the dreamers of dreams. we are not the makers of music but we're

we do the design with our stake holder council, which is from all the different groups, we're going to have a number of city-wide meetings and focus groups. there's going to be lots ever opportunities to get folks involved and have that rich conversation across school board members and service providers. we hope everybody will come out and join these meetings and also come out may 3rd if you want to join the rallying cry and get it started. >> who is going to be chairing these meetings? >> we selected someone who has some history with us and they are going to be working with maria sue and i and the stake holder council. we want people who are representing the dicht stake holder groups to help us design the process. so, for example, the community coalition will have 4 seats on that stake holder council, we'll have the pta and parents for public schools involved so we're going to really co-design that process but we wanted to have the technical support of an external facilitator so that all of us could engage in the conversation and that we could have one group capturing all the data as we go so we can get so