kushner met in the white house a chief executive of citi group. according to the times or at times notes, there's little precedent for a top white house official meeting with executives of companies as they contemplate sizable loans to his business. now obviously, there's important context here in terms of what's going on with jared kushner and concerns about him in the white house. this is not the first concerning report we've had in the last few days about the presidential son-in-law and senior adviser potentially mixing his government responsibilities and private business needs in potentially dubious ways. this is not even the first such concerning report in the last 24 hours. in this new breaking news story from the "new york times" tonight they note, quote, kushner recently lost his secret, excuse me, his top secret security clearance amid worries from u.s. officials that foreign governments might try to gain influence with the white house by doing business with mr. kushner. now according to the "washington post" last night, those worries hav

the loan came shortly after kushner met with city group's michael correspond vat.e has taken to "no" part of any business, loans or projects with or for the companies after that. he is followed the ethics advise he received which included recusals when appropriate. "new york times" report jesse drucker is on that byline and don fox, counsel, and acting director of the office of government ethics from 2008 to 2013. does that statement from kushner's camp make sense to you? >> katy, it doesn't settle things for me. sure jared resigned his positions, but jared did not divest himself of the interests which may pose a potential conflict. it can give the appearance of a conflict in this case. >> how does he prove there is no conflict? >> well, that's the problem. you really can't. at the most senior levels of government, people on both administrations have routinely divested themselves of any potential conflict of interest. and he, frankly, didn't resign position, but because he retained those financial interests having meetings like this certainly causes a perception th

of course, it was citi group's executive officer. short time after, citi made a loan to kushner companies. a spokesperson says, quote, kushner companies had been a bank client before the election, and the relationship had no connection to kushner's white house role. the spokesman says, citi negotiated the loan with one of kushner's business partners, who, there is a good chance -- i'm no longer quoting -- was one of his family members. this report comes along with concerns about kushner's security clearance at the white house. he was stripped of his top secret clearance because his background investigation has taken so bang long. you were giving me some, like, uh-huh. >> because it is crazy. i'm not an ethics expert. this is crazy. if you can't take a job, where you can't disconnect your private business interests, don't take the job. >> here's the thing, if jared kushner was going to take a position in the white house, why did he choose to work on things that were so tied to lenders and ceos? >> yeah. get out of the business. >> the

and twenty sixteen the governor in moscow appointed the administrator of the city. group or the trash disposal is being highly politicized by a certain group remember it was the one that invited you here today i presume. their goal is to negatively influence people's attitudes towards power we can't allow that. and we want to log on to renewables. days later thousands of residents gathered to protest the landfill expansion in colombia to meet she was one of the speakers. whatever several years ago oh are you optimistic all decisions are decided for us in moscow. the course of our problems in colombia is that they won't listen to us. imagine that you're sitting at home the neighbor brings you his trash and you can't say no when you were there was that yeah it appears that the minute you have to complain right that we don't agree with our plans here are the email addresses that the city council administered city through and that is subsurface a good artist so. i snap mine if i don't mind this piece of paper has the most important information that you can write to all the im

citi group has become a major banking investor and loan operator in puerto rico including interest in the puerto rican electric power authority known as prefer now is deep and delinquent in loan repayments that will be auctioned off while sin. he is being paid to ensure the energy goes to the highest private bit or the circumstances have raised issues about which banks are involved in puerto rico and what real role they are playing now here discuss we're joined by kate long the founder of the puerto rico clearing house kate thank you so much for joining us put this into perspective for us first of all the overall puerto rican debt and then let's talk specifically about prepaid please share puerto rico has issued basically since the one nine hundred fifty s. and when they started to fall tienen twenty fifteen they had about seventy two billion dollars of debt outstanding. that includes seventeen classes of debt for the central government and for the utilities it's the largest municipal bankruptcy probably in the history of the united states and no state level entity has to fall today a

the ceo of citi group ponied up 3$325 million to jared kushner.e know he was doing these deals, do we have a way of connecting that back to his work, that he was presenting, listen, i work for the white house, that's why you need to give me these deals. >> the strongest link so far is that he was asking qatar for -- he met with the former prime minister of qatar for an investment in that big property, 666 fifth avenue. that deal ultimately fell apart. when it did, around the time that it fell apart, kushner was very, very instrumental in advocating for an economic blockade against qatar. he sided with the saudis and the emiratis in that dispute. he was the one who pushed -- tillerson was against the blockade. he countered tillerson. if you're looking at this from qatar's point of view, you say we backed out of this deal. this is retaliation against us for backing out of this deal. now we see that qatar is considering cooperating with robert mule ner theller in this investigation. they say they have decided not to for now, but this is one more link

yes certainly could have it in fact in just yesterday we had citi group announced that their city day got rationed for their commercial clients they would no longer support commercial clients in the gun industry or the retail end industry of guns that sale guns of any kind so individuals under twenty one years of age so when you start having these commercial pressures from the banking and finance providers that they give the services today the gun makers and gun retailers if they're going to be changing policies much like the retailers have already started with wal-mart and some other sporting goods stores raising that age of twenty one to mother sporting goods stores raising that age to twenty one you'll probably see a spreadin in fact at least raising the age so if things can't get done in washington you'll start to see private businesses take that initiative to raise the age of purchasing guns could just because you jeffrey moore thanks for being with us thank you now interest rates in the world's biggest economy are headed higher up that was the message from the new chairman of th

>> top pick is citi group. i think you know, citi group was perhaps the -- of all the poorly run institutions it was "the" most poorly run and finally has a management team that -- is managed in the company properly and i think over time most potential upside. >> your pick >> steve and i are friends because we talk about being bearish several years before the financial crisis weren't having beers together. came to the same place we're friendly now now we both have the same top pick our top pick is also citi group. we were both super bearish ten years ago and now i'mbull bullish honesty group and yon c, too. >> stick with us longer. >>> just more than half an hour to go. check in on broader markets. dow holding on to nearly a 100 point gape gain. s&p up a quarter of 1% news dak actual nasdaq lower by about a point. >> and nike, a second executive forced to leave. all as the company disposes complaints about workplace behavior break down what it means more the athletic giant's stock wn he we come back here on the

the building of a sweet thef stranded in a city. groups who threaten the security of the five countries on the side you said. french foreign minister speaking as well as your own today. we'll get the latest update on the ground his own report from lowering bashed. a coordinated attack in the hearts of ouagadougou. at around ten am several men got out of the car and started shooting at passer bys. before heading towards the french embassy. four to six people came out of the car. as they came out and he started to shoot at you a. yeah yeah she is one of the men refusing to be impossible to guard houses. choosing to the police station that she is. also. at the same time a massive explosion rang out near the headquarters of the armed forces less than one kilometer away. more gunshots were heard as thick clouds of black smoke obscured the skies of the brigantes capital. special security forces were deployed at both sites in an attempt to neutralize the attackers. and assaults by government troops on the french embassy in which several attackers

citi group has become a major banking investor and loan operator in puerto rico including interest in the puerto rican electric power of. already known as prepaid now is deep in delinquent in loan repayments and will be auctioned off while city is being paid to ensure the energy goes to the highest private bitter the circumstances have raised issues about which banks are involved in puerto rico and what real role they are playing now here discussed we're joined by kate long the founder of the puerto rico clearing house kate thank you so much for joining us put this into perspective for us first of all the overall puerto rican debt and then let's talk specifically about prepaid please share puerto rico has issued basically since the one nine hundred fifty s. and when they started to fall tienen twenty fifteen they had about seventy two billion dollars of debt outstanding. that includes seventeen classes of debt for the central government and for the utilities it's the largest municipal bankruptcy probably in the history of the united states and no state level entity has to file today s

morgan asset management will trade remington debt for company equity also citi group announced a new policy in recent days that will require all new retail sector clients to only sell firearms to buyers pass a background check. heaters passed a spending bill last week as a rule we reported but they left out one important item with some but big political and policy implications the insurance exchanges created under the affordable care act a ca or otherwise known as obamacare needs steady infusions of federal subsidies to private insurers among other things the subsidies promote profits for private insurers in exchange for covering people with low incomes last year us president donald trump ended the payments in an effort to dismantle the health care law a bipartisan group republicans democrats alike had been pushing to extend the subsidies but were unable to get a solution into the spending bill making action before this year's midterms election very unlikely the congressional budget office c b o says insurers already have increased premiums by ten percent to offset the loss of those

citi group has become a major banking investor and lone operator in puerto rico including interest in the puerto rican electric power authority known as prefer now is deep and delinquent in loan repayments that will be auctioned off while city is being paid to ensure the energy goes to the highest private bitter the circumstances have raised issues about which banks are involved in puerto rico and what real role they are playing now here's discuss we're joined by kate long the founder of the puerto rico clearing house kate thank you so much for joining us put this into perspective for us first of all the overall puerto rican debt and then let's talk specifically about prepaid please. sure puerto rico has issued basically since the one nine hundred fifty s. and when they started to fall tina twenty fifteen they had about seventy two billion dollars of debt outstanding. that includes seventeen classes of debt for the central government and for the utilities it's the largest municipal bankruptcy probably in the history of the united states and no state level entity has to fall today sinc

morgan asset management will trade remington debt for company equity also citi group announced a new policy in recent days that will require all new retail sector clients to only sell firearms to buyers who pass a background check. u.s. congressional leaders passed a spending bill last week is really we reported but they left out one important item with some big political and policy implications the insurance exchanges created under the affordable care act a ca or otherwise known as obamacare needs steady infusions of federal subsidies to private insurers among other things the subsidies promote profits for private insurers in exchange for covering people with low incomes last year us president donald trump ended the payments in an effort to dismantle the health care law a bipartisan group republicans democrats of like had been pushing to extend the subsidies but were unable to get a solution into the spending bill making action before this year's midterm election very unlikely the congressional budget office c b o says insurers already have increased premiums by ten percent to offse

. >>> and christopher columbus statue will be moved from san jose city hall. group supporting indigenous people called for the removal of the statue. after a number of debates city council found the statue a new home five blocks north of city hall in the italian american heritage cultural center. >> it is more than welcome here but i think it should be in a more public place.>> the sexual only be sheet -- seen on weekends. they feel the statue has no place on public property.>>> we are checking out some moisture in the south that is moving into southern california. seller california is going to get a lot of rain this weekend. if this was focused on us it would be serious and amazing amount of rain. we will see trace amounts at best. this is going south and we are on the north end of it where the dynamics are not very strong at this point. tomorrow is like right now. is cloudy all weekend -- it will be cloudy all weekend. there is no need to cancer -- cancel any soccer games or any other outdoor activities. this is the model showing it coming from the south. you see

groups. you covered it liberation of the city. did you see. >> we saw the group having dug itself in, when we arrived, this was in june of last year, 2017. what we saw was at the beginning of the battle, basically a sniper fight inside of the city, with the islamic state group shooters who were hidden in the buildings and basically the kurds trying to advance at night for the most part. and indeed they were backed by the international coalition, which was attacking with airstrikes. many buildings were destroyed in was aduring the fight, it very violent fight. the civilians for the most part fled the city, but the ones inside of the center, which was a stronghold for the islamic state, they controlled a third of the country and they controlled raqqa for four years. they dug themselves in. they made tunnels underneath the city. they put sandbags in the streets. e democraticat th forces, it was mostly militia, but also it had sunni tribesmen part of the militia, they were advancing in the city and the area was heavily mined and well

kushner met with citi group's chief executive.ast years' ad campaign was a success for choicehotels.com badda book. badda boom. this year, we're taking it up a notch. so in this commercial we see two travelers at a comfort inn with a glow around them, so people watching will be like, "wow, maybe i'll glow too if i book direct at choicehotels.com". who glows? just say, badda book. badda boom. nobody glows. he gets it. always the lowest price, guaranteed. book now at choicehotels.com tempur-pedic delivers. only tempur material precisely conforms to your weight, shape and temperature. and tempur-pedic is the best at minimizing motion transfer from your partner, so you won't be disturbed during the night.. you'll wake up, feeling like a champion. this president's day save up to $600 on select adjustable mattress sets from the brand ranked highest in customer satisfaction with mattresses by j.d. power. find your exclusive retailer at tempurpedic.com >>> well, jared's done an outstanding job. i think he's been treated very unfairly. he'

similarly, citi group forked over 325 million dollars to jar jared's family company after an executive met with him in the white house. february 28th, that's in the "new york times." and then a funny thing happened. a democratic member of congress wrote to the office of government ethics to ask for an advisory opinion on any ethics issues that might emerge from that new york ti"new york times. dear acting director, "the new york times" reported senior advisor to the family businesses received over half a billion dollars in private loans from two financial companies shortly after their executives met with mr. kushner in the white house. i respectfully request you provide an advisory opinion on the matters and this member of congress lays out the concerns, raised in this article about jared kushner not being ding di divested. having personally guaranteed loans to a private business while he's serving as a white house official. meeting with potential investors and creditors in the business entities while in a position to do favors for them as a white house official. quote, do these action

citi group saved from bankruptcy by the same government paid hundreds of millions of dollars to. clients. speculating on the crisis. change their spots. sometimes. better. because if we can do that we can get so much more done the boss of one of the biggest protection agencies in the u.s. his remarks are somewhat surprising on. the nature conservancy has almost one million members and protects millions of acres of land a marine areas around the world but is this. more than. having a. coming from the banking. and corporate banking in particular how we'll continue to look for the solutions to the crisis where those solutions don't hurt the very sector that has made his career. a banker i understand the difference between prices and values i also understand that nature has huge value which we're simply not learned how to appreciate. death is the global reference in this sector the man with the most influence he made his career at deutsche bank. he argues that putting a price on nature doesn't mean turning it into a commodity. he simply hopes to make states more aware of the ecologic

kushner met with citi group's chief executive. last years' ad campaign was a success for choicehotels.com badda book. badda boom. this year, we're taking it up a notch. so in this commercial we see two travelers at a comfort inn with a glow around them, so people watching will be like, "wow, maybe i'll glow too if i book direct at choicehotels.com". who glows? just say, badda book. badda boom. nobody glows. he gets it. always the lowest price, guaranteed. book now at choicehotels.com i was wondering if an electric toothbrusthan a manual.s better and my hygienist says it does but they're not all the same. who knew? i had no idea. so she said, look for one that's shaped like a dental tool with a round brush head. go pro with oral-b. oral-b's rounded brush head surrounds each tooth to gently remove more plaque. and unlike sonicare, oral-b is the only electric toothbrush brand accepted by the american dental association for its effectiveness and safety. my mouth feels so clean. i'll only use an oral-b. oral-b. brush like a pro. >>> we

it's important to know if you're a citi group investor, it's a good return since the lows, if you go pred-crisipre-cr are still a long ways away from where you were utilities only up about a double would have lost money overall. telecom up 78% energy a real laggard during that time. as we talk about the way the haines bottom evolved, it was such a huge call at the time it was, hey, somebody saying we have gone far enough for those of us in the markets at that time watching cnbc and seeing somebody say maybe this is a good time it was maybe one of the reassuring voices in the market. >> i'm sure it was in terms of those sector performance, consumer discretionary, it's not staples, but given the amazon threat we've seen, amazing to see any consumer broader brar k eer bra companies do so well >> we think about names like macy's, nordstrom, coals, as you look at the consumer discretionary sector overall, we know there are certain names driving a lot of performances. i know will you talk about netflix in a bit amazon, if you would have bought at the haines bottom, amazon shares, $10,000 w

i'm learning through the city environmental group who will be doing this if we can get lbe's in as trainees or participants, that might open up other avenues as the departments move through this. once we have the submittals, we'll compile a review team. we will not do this without an electrical engineering staff. we'll have real estate staff too, planning and environment. and then there are some technical staff at the planning and environment who have been of great assistance all along. it's important we're not measuring one team against another, we're measuring them against these objective criteria that we've identified. if we identify the -- if we identify qualified teams, we would then ask to enter into negotiations with them. we would require that they develop ev charging stations, that they provide level three as a minimum. they will be allowed to include level two charging. they can include proprietary technology, but they must include nonproprietary equipment, and the chargers must be available to the public at least in part, so these are the terms that we'd be looking for in the neg

citi group saved from bankruptcy by the same government paid hundreds of millions of dollars to escape legal proceedings by disaffected clients. we can even find companies set up by former employees of goldman sachs the same bank that made billions in profit by speculating on the crisis. can leopards change their spots. you might even think they're the bad guys maybe they even have been the bad guys in the past but sometimes they were the bad guys because they were making mistakes they didn't know better and see whether you can convert a bad guy or somebody who's just not paying attention into being an ally because if we can do that we can get so much more done with the boss of one of the biggest protection agencies in the u.s. his remarks are somewhat surprising on. the nature conservancy has almost one million members and protects millions of acres of land i mean areas around the world but is this. all strategy. really fortunate experience when i worked at goldman sachs i had been a mainstream investment banker for more than twenty years and my final position before joining the natur

and city group. they'll sell firearms only to customers over age 21 who pass background checks.le of bump stocks. you just had some small provisions in this budget bill to fix nix act. is that enough? or more you want? >> there's more. that's just a start. we'll keep fighting so it doesn't happen again. >> ambassador hofman you have taken a strong stand in terps of what you want to see happen. tell us what you're doing and why? >> well, joy, thank you for allowing me to be here. we have formed a 501 c 4 organization. which is tax exempt but of course not taxable. and not exempt but tax free. and we're dedicated to the proposition that we want legislation and we can present to congress and get them to pass this year. and. >> is it specifically to have assault weapons banned? >> it doesn't have an assault weapon ban. but it will be loading into that totally. we have a set of points that we'll present tomorrow. here's a copy of the ad we're running tomorrow. in it it leads off with seven points we need to get passed now. before congress adjourns this christmas. >> how much -- you'r

that means wells fargo, jpmorgan chase, citi group, bank of america, payday lenders, mortgage brokers, debt collectors, and thousands of other financial companies. all of these companies would get easier rules that limit their cost and burdens without appropriately considering the impact they're going to have on their customers. and this bill does nothing, absolutely nothing to strengthen protections for consumers where there might be deficiencies or gaps in our regulate framework. second, unlike the other banking regulators, which are tasked with ensuring the safety and soundness of the financial services sector, the consumer bureau's unique mission is the protection of consumers and of ensuring that the consumer marketplace operates in a fair, transparent and competitive manner. although it may make sense for the banking agencies to periodically review their prudential rules with the focus on their regulating entities, the consumer bureau should be making sure that its rules are appropriately protecting consumers and the interest of the public, not the big financial corporations. in

kushner companies got hundreds of millions of dollars in loans from apollo global management and citi group after jared kushner met here at the white house with the ceo's of those companies. the white house has stayed silent on this, referring any comment to outside groups. spokesman for the kushner, for kushner's attorney, abby lowell, telling fox news he has no role in the kushner companies since joining the government and has taken no part of any business, loans or projects with or for the companies after that. spokeswoman for the kushner companies telling fox news in the 33 years kushner companies have been in business, we have done tens of billions of dollars in transactions and loans with all the top lenders and continue to have a good working relationship. to say that we do business differently than we have in the past is made up and without substant kwraeugs. here's another case of jared kushner and his complex business dealings being in the news at the same time he is in the news for having his security clearance downgraded because of all the complications associated with the inves

you may remember citi group because 10 years ago they got 45 billion of your taxpayer dollars to get bailed out. that's why they still exist. now they turn around andy work to undermine the constitutional rights of the taxpayers who bailed them out. we called citibank today to asked ask if they he would send a representative over to explain how this works but they refused because they are cowards. this is happening more and more. more companies participating and taking action on more issues. the fear the government might remove your rights is becoming quaint. big tech and big finance are doing it already. with no public debate they just do it and tough luck if you don't like. larry keane, thanks for coming on. this is one of those changes people didn't expect coming. youtube is banning what? >> well, they are banningg any advertising or videos involving firearms. it's a little unclear very vague about the scope. for example are they going to ban videos teaching you how to load ammunition very common or firearm education teach people how to use firearms. very troubling that youtube wo

$325 million for a different project, a loan made last spring after which kushner met with the citi group executive. and they said the loan went through the standard approval process, and said the ceo was not involved in the transaction or discussed it with jared kushner. a spokesman said, quote, he's met with hundreds of business people in the campaign, transition, to the administration to hear ideas about improving the american economy. he's had no role in the kushner companies since joining the government and took no part in business loans or projects with or for the companies after that. we should note, kushner remains part owner of the company that got the loan from apollo after he met with the head of apollo in his official white house capacity and jared kushner owns a stake in the entity that got the loan from citigroup after which he met with the ceo of citigroup in his capacity as a white house official. this report is the latest calling into question his ability to function in his position as senior adviser, but sources say he plans to stay and white house reaffirmed that, the p

exxonmobil, home depot, boeing, citi group, disney and alphabet google what's the issue trade wars onorries, led by facebook, which is in a crisis in general on social media other teches are faltering with no other leadership groups comes forward. and bond yields are falling in a flight to safety that's putting pressure on bank stocks finally the feds upgraded economic projections and sent the message that higher rates are coming down the road it is a lot for the markets to digest i can't wait to get out of march so we can get into earnings season which are going to be stellar at least on the surface right now in the next couple of weeks. bob, thank you. >> bob pisani at the new york stock exchange bob was talking about some of the socks in correction territory. home depot is one of them. you bought that. on your list, tim, there is there a list. >> fedex and jp morgan are at the top of it. no one here on this desk is ready to say there is not great growth in the backdrop there is market factors and technical factors. delta and united those are three or four names to have on the top o

example we wrote about is jared kushner had a meeting last spring with mike core bath, the head of citi group and shortly after that they gave a $325 million loan to kushner companies. both of these things are as far as we know fairly unpress press dentsed. a high ranking official having meetings in the white house with leaders of companies that very shortly thereafter give his company which he is still invested in sizable loans. and jared kushner stepped down for the kushner companies when he went to the white house but didn't divest his stake. he divested some portions including the stake in the 666 fifth avenue but still heavilyin investigated in the compa investigat investigate invested in the company. >> and do we know whether any of this would have been discussed and the reason i'm asking is because if one is trying to figure out whether this was a quid quo pro -- we've figured out that jared kushner does things that don't pass ethical smell tests on any level. the idea that some of the meetings would take place don't pass an ethical smell test. that said, do we know any more about whet

city. >> the group said it planned to stop outside mayor libby schaff's home to make it clear they expect to take action appear remedy the dumping and pot holes playing the treats enchts new developments in the cat cafe break in store we brought you. two cats that ran away returned. you're looking at new video from at that timetown in oakland. >> police still looking for this man seen on surveillance video. he use add rock to smash through the window. however, he found out the door to get inside the cafe was locked. so he couldn't get in. >>> a st. patrick's day means food and musics and drinks for a lot of people. >> and green. >> and green. >> but other banishing hair,s in the good cause of improve the lives of sick children. >>> and looking outside, the sun comes back, at least for a few days. meteorologist drew tomba up next with the accuweather forecast. >> march madness not st. patty days in the sunset. hello i'm mike shumann the stanford women begin the run to the final four. ♪ >>> well, thousands marched and many more lined the sidewalks of san francisco to witness the city's 167t

city. >> the group said it planned to stop outside mayor libby schaff's home to make it clear they expect her to take action appear remedy the dumping and pot holes playing the treats enchts new developments in the cat cafe break in store we brought you. two cats that ran away returned. you're looking at new video from at that timetown in oakland. >> police still looking for this man seen on surveillance video. he use add rock to smash through the window. however, he found out the door to get inside the cafe was locked. so he couldn't get in. >>> a st. patrick's day means food and musics and drinks for a lot of people. >> and green. >> and green. >> but other banishing hair,s in the good cause of improve the lives of sick children. >>> and looking outside, the sun comes back, at least for a few days. meteorologist drew tomba up next with the accuweather forecast. >> march madness not st. patty days in the sunset. hello i'm mike shumann the stanford women begin the run to the final four. i see your one, two and three dollar deals. tell you what, i'll raise you five. introducing value jack'

same day my special envoy informed the russian federation of his intention to invite the city armed opposition groups to a meeting with the russian federation in geneva a city that is later on seven march is interlocutors reply that they did not think that meeting in geneva was the best option and were pursuing contacts on the ground with the relevant armed opposition groups as these diplomatic efforts were taking place fighting went on the syrian government is intensify their strikes and logs the ground offensive but aggressively gaining control of parts of eastern good from about ten percent of the enclave on city march to more than sixty percent today the offensive initially took place in less populated areas steadily moving to urban centers and forces centers and forcing large scale displacements in the follow up of the efforts i have described it was possible on eight and ten march to convene two meetings between russian officials and jaish al islam in the outskirts of eastern ghouta we deny to the nations and as an observer in those meetings progress was made in relation to the removal of a num