. >> yeah, they got a bargain because citigroup, the met stadium is 20 million per year over ten years. >> they used to call it the hoss, the house of thrills. >> spoken by a true raider fan. >> yeah, i love the raiders, of course, the draft coming up tomorrow. they may be overstocking on that shortly. >> they may not have a season. >> that could be the other problem. >>> a lot of sunshine, high clouds making our ways into our skies. the mount vacca cam looking good. pleasant sunshine around the area, a few more high clouds cruise hover the top over the

guarda la informacÓn de los clientes de "walgreens, best buy, tivo, capitol one, jp morgan chase y citigroupue los piratas usen las direcciones que obtuvieron para enviar correos electÓnicos a traves de los cuales conseguirian Á s datos personales con el fin de cometer un robo de identidad. ---un joven de 19 aÑos se encuentra desaparecido en el desierto al sur de california. ---él intentaba cruzar la frontera cuando el cansancio le impidio seguir su camino... y ahora su familia lucha por encontrarlo.---"martha --una popular ante en la liga de campeones.bernardo osuna tiene toda la accÓn deportiva de este lunes. --en el hockey sobre hielo, los tiburones de san joÉ vencieron a los kings de losÁ ngeles seis a uno. --esto es importante porque con esta victoria, los "sharks" se coronan como campeones de la divisÓn del pacifico.---este es el cuarto aÑo consecutivo que los "tiburones" ganan su divisÓn... y sus aficionados esperan que este aÑo ganen el campeonato.---los "sharks" ahora se encuentran en el segundo lugar de la conferencia del oeste. ---pasamos con guillermo quiroz con el pronostico. ma

citigroup has been ordered to paylosses.iling by new york man who claims he struck a 2003 deal with mark suckzuckerberg lost s. how about owning a piece of the empire state building. the family that owns the building is planning to create a company that features the famous skyscrap skyscraper. plus a big blow to the texas rangers as josh hamilton is injured sliding into home plate. >> everybody carrying the umbrella today in the northeast and northwest will be jealous of the south. coming up, you are watching "early today." >>> well good morning to you. if you are just waking up, is "early today." the playoff picture is almost set. here is nbc's fred rogan with a look at all your sports headlines. >> good morning. the win over the second place in the west and the spurs give them a lift by spitting three of their big men. the lakers lost andrew in the second quarter. the knee caused him problems and he'll have an mri today. lakers won it 102-93. they are tied with the mavericks in second place. portland secured the six seed i

bancos como citigroup, por su parte los crÍticos agregan que estas medidas hubieran sido implementadasos su casas en la ciudad de nueva york blanca rosa vilchez univisiÓn. >>> son miles de jÓvenes que luchan por ir a estados unidos pero estÁn marcado por no tener documentos legales y ahora un grupo de senadores desemplmÓcra decidiÓ interceder por ellos. lourdes nos cuenta quÉ hicieron los legisladores. >>> 22 senadores pidieron al tÓ indocumentados. la carta fue firmada por el lÍder de la mayoria demÓcrata harry el autor del dream act. creo keque el ejecutivo tiene l habilidad de hacer cosas administrativamente si la aprobaciÓn de la ley para mejorar la si stautuaciÓn de es ojos ve jÓvenes pero ahora conversan por una forma mÁs ordenada y consecuente >>> podemos mejorar cada dÍa la manera de hacer esto, pero como grupo el presiodente no puede decir la ley no a mrplica >>> con respecto a la nociÓn que puedo sus spen dpender la depoÓ no es asÍ >>> quÉ efecto real entonces podrÍa tener esta iniciativa >>> sÓlo respondio que estÁ seguro que el presidente analizarÁ la carta hay que darle ti

this week the pressure is on apple, intel, goldman sachs, and citigroup. >>> also ahead, before markets close for good friday, more data on the struggling housing market with fresh figures on new construction and home prices. >>> overseas asian markets shrugged off another move by china's central bank to stave off inflation to upping the reserve by most of the banks by .5%. crude oil futures dipped today, despite news out of saudi arabia that it had cut back on output by march by some 800,000 barrels a day because it believes the market is oversupplied. the move quashed hopes that opec would step in and alleviate prices. >> toyota reduced production in japan for the first time since the natural disaster. it's unclear when they'll be back up to full speed. >>> samsung may be looking to sell its hard disk drive unit for upwards of $1 million. >>> tim geithner said republicans have assured the administration that the government will vote to raise the debt limit before a default on the nation's debt. >>> and if you're planning to fly hong kong airlines, be on your best behavior. the airline

the banks affected include, capital one, bashing clay's bashing, citigroup, j.p. morgan chase. best buy, tivo, walgreen's and krogers. the college board that runs the s.a.t. test say they may have gotten student e-mail addresses. >>> mcdonald's is in a serious hiring spree. they are hiring 50,000 employees. company will try to fill a variety of crew and management positions. >> eric: wow. that is a lot of ambition there. >> step outside if you can today. it is gorgeous right now. temperatures above normal. yesterday we were right around where we should be. you are taking a live look this morning at the emeryville marina. look at all that blue sky. gorgeous day with numbers continuing to climb. we have very light winds out there. look at the south bay, 67 in mountain view. san jose, 68 in los gatos and san rafael 57. but everyone will see numbers six to eight degrees above yesterday's readings. things will change rather quickly. from yesterday we're already much, much warmer. 8 degrees warmer in san jose. cooler air mass. we're making up for it. the warming continues throughout

a hacker infiltrated the files of online marketer, citigroup, capital one, tivo and others were exposed as were student files at the college board. no personal info like credit card or social security numbers were leaked. it could leave you open to e-mail phishing scams. look for more spam. >>> ray lahood will replace the pipeline system. they want him to increase fines for safety violations, that includes it 2009 natural gas explosion in martin county. back to you. >> thank you very much. christina has your forecast. happy monday to you. >> knowing there's more spam in our mailboxes, that's something to get excited about. the weather is something to get excited about. temperature in the mid-70s. not even breaking 0i degrees. the temperatures are going to drop each and every day. if you have a three-day weekends, you'll enjoy what we have in store for you today. high pressure is in store. a little bit of digging here. this happened over the past three hours. we have a trough moving into the area. it's going to break high pressure down. by the end of the week, the temperatures in the low

the banks affected include, capital one, bashing clay's bashing, citigroup, j.p. morgan chase.best buy, tivo, walgreen's and krogers. the college board that runs the s.a.t. test say they may have gotten student e-mail addresses. >>> mcdonald's is in a serious hiring spree. they are hiring 50,000 employees. company will try to fill a variety of crew and management positions. >> eric: wow. that is a lot of ambition there. >> step outside if you can today. it is gorgeous right now. temperatures above normal. yesterday we were right around where we should be. you are taking a live look this morning at the emeryville marina. look at all that blue sky. gorgeous day with numbers continuing to climb. we have very light winds out there. look at the south bay, 67 in mountain view. san jose, 68 in los gatos and san rafael 57. but everyone will see numbers six to eight degrees above yesterday's readings. things will change rather quickly. from yesterday we're already much, much warmer. 8 degrees warmer in san jose. cooler air mass. we're making up for it. the warming continues throughout t

guarda la informacÓn de los clientes de "walgreens, best buy, tivo, capitol one, jp morgan chase y citigroups electÓnicos a traves de los cuales conseguirian Á s datos personales con el fin de cometer un robo de identidad. ---un joven de 19 aÑos se encuentra desaparecido en el desierto al sur de california. ---él intentaba cruzar la frontera cuando el cansancio le impidio seguir su camino... y ahora su familia lucha por encontrarlo.---"martha --una popular >>> Él solo espera una llamada con buenas noticias, que parece no llegar >>> no, puro dolor, puro pensar, mi mente no se despeja de pensar como está el >>> el pasado 25 de marzo su hijo gonzalo, salió de méxico, para reunirse con su familia que vive en california junto a un grupo de 9 personas, caminó por varias horas, pero el agotamiento hizo presa de él >>> un amigo le hizo este relato >>> como muy agitado, y dice que sí, la mera verdad quedó muy mal >>> este acompañante que realizaba el mismo recorrido, logró llegar a su destino el sábado pasado >>> le dejaron agua, atunes y tortillas y de ahí siguieron para adelante, pero él se quedó s

we hear from citigroup at the top of the hour. the dow rose to 12,341, nasdaq inched up four to 2764. speaking of gas prices, they are averaging four bucks a gallon. aaa says new york is the latest to top that mark, joining alaska. you over there in california, connecticut and illinois. michigan could be next with $3.95 a gallon followed by indiana, nevada and wisconsin. aaa says the national average is $3.86 a gallon. it has risen for the past 26 days straight. those high gas prices are not changing americans car buying habits. consumer reports says despite the $4 a buck gasoline, their next vehicle will be the same size at whatever they are driving now. 20% say they will upgrade to a bigger car or truck. go figure. >> you can always count on americans to drive big stuff. let's talk to christina and see how the week is going to shape up. good morning. >> good morning to you. it's going to be a nice day. second half of the day, in particular. a lot of you haven't gone to sleep yet. when you wake up at noon or 1:00 p.m., you will h

. >> yeah, they got a bargain because citigroup, the met stadium is 20 million per year over ten years they used to call it the hoss, the house of thrills. >> spoken by a true raider fan. >> yeah, i love the raiders, of course, the draft coming up tomorrow. they may be overstocking on that shortly. >> they may not have a season. >> that could be the other problem. >>> a lot of sunshine, high clouds making our ways into our skies. the mount vacca cam looking good. pleasant sunshine around the area, a few more high clouds cruise hover the top over the top of the ridge, so partly cloudy, many 60s and low 70s toward the afternoon. at least in the inland spots. you get inside the bay of course those temperatures are a little bit cooler. toward the coastline a bit of a breeze. a mixture of sunshine and clouds and telephones 50s and 60s. tonight partly cloudy, breezy conditions developing in the bay and toward the coastline. now tomorrow looks like it could be a blustery day around the bay area. especially the beaches. >>> those clouds moving in, more toward the afternoon, so sunshine and clo

elsewhere, customers of companies, including citigroup, walgreens, tivo, capital one, and thousands ofcollege students had their names and e-mails exposed after a hacker penetrated on-line marketer epsilon. >>> the "wall street journal" reports the senate probe into the mortgage meltdown will soon point the finger, particularly, at goldman sachs and deutsche bank. both have been criticized for misleading investors in the housing market. >>> the "new york times" reports almost a year after the nation's worst environmental disaster. bp is asking u.s. regulators to let it resume drilling in the gulf, and transocean, the company bp leased its rig from, gave 207 executives bonuses for achieving the "best year in safety performance in our company's history." despite the explosion, 11 people dying, and millions of gallons spilling into the gulf. >>> ryanair are upset on an april fool's promise was just a joke. the airline offered to introduce child-free flights later this year. >>> well, coming up, march madness spills into april in the women's final four, and it's never too early for a tripl

citigroup, chase, walmart, walgreens, best buy are among the affected companies. e-mails that appear to be from them that ask you to login to an account could be an attempt to steal your financial information. they should not be answered. >>> up next here tonight, a unique harvest that's making a difference for a lot of folks in need. >> announcer: making a difference, brought to you by tums. >>> our making a difference report tonight is about the power of leftovers, lots of them. good food and lots of people who get a chance to eat a good meal after the game is over, the music stops and the crowd has gone home. our story tonight from nbc's peter alexander. >> reporter: on hockey nights in boston the action is both on and off the ice. >> may i help you? >> yeah. can i just get two hot dogs, please? >> reporter: with vendors preparing everything from hot dogs to paninis for more than 17,000 bruins fans with plenty left over. in boston they used to throw away any cooked food that didn't get eaten. that means that in the past, 25 tons each year went to waste. not any

you know citigroup's look about for a specific about nothing because you look at raising kids and what's about the russian food here now. dishes like cabbage rules russian dumplings screening and also beef children and other main items on our menu traditional needs issues such as this week are also blue popular among other diners just wow very impressive it seems a little strange to be eating traditional stroganoff here in paris but it smells looks fantastic throughout the strike. world that is very very tasty. many washington state is to choose the right to chose to wait until c.s.t. visited paris russian immigrant started moving to france in the nineteenth century even today thousands of brazilians and links to russia such as the next yes i read let me to meet you now tell me your parents were both russian but you were in fact born here in france but do you but there's a part of you still feel russian well my i have three children. all speak russian perfectly. wonderful lives in moscow since ninety one it's tell me about the russian community that still you know here in paris well comm

of local could walk out a lesson i don't go because you know citigroup look about kafka. specific about nothing because you look amazing too it's i was about to rush you through here now. this is my cabbage rules russian dumplings mini and also beef stroganoff i don't mean are into this now i mean the traditional need dishes such as sicily are also very popular among other diners wow very impressive it seems a little strange to be eating traditional stroganoff here in paris but it smells and looks fantastic throughout the strike. world that is very very tasty. many russian famous figures such as the right since times doing in the c.s.t. visit to paris russian immigrants started moving to france in the nineteenth century maybe today thousands of conversions and links to russia. next. to me now tell me your parents were both russian but you were in fact born here in frogs. but there's a part of you still feel russian well my i have three children. polish thank the russian perfectly. wrong door. lives in moscow since none too well tell me about the russian community that sti

morgan chase, bank of america, citigroup, wells fargo and u.s. bancorp are among those included. together, all the firms involved hold roughly $7 trillion in mortgages, nearly seven out of r.b.c. analyst gerard cassidy says the deal is a big win for financial firms. >> by lifting this cloud, it is certainly going to give stock investors the ability to say "okay." the dollar amount has been quantified, it's going to occur in 2011 earnings, and as we look about to 2012 and 2012 those charges will not be present. >> reporter: the settlement will also benefit some homeowners facing foreclosure. that's because banks will repay borrowers if they lost money due to bungled paperwork. the firms will also have to hire staff, upgrade document tracking systems and have an independent audit of their foreclosure practices. most big banks temporarily suspended foreclosures during the government's investigation, but now they are likely to resume those actions. that's bad news for some delinquent borrowers. economist bob brusca thinks foreclosures won't impact the recovery in the housing market a

citigroup, jpmorgan chase and 14 other companies must reimburse homeowners who should not have lost theiromes. the lenders must also hire auditors who determine how many others could have avoided foreclosure in the last two years. >>> and fresh evidence the job market is heating up. businesses in february posted more than 3 million job openings, the most in more than two years during the height of the financial crisis. it usually takes up to three months to fill a job. so, april could be another big month for hiring. >>> apple's ipad has barely been in stores for a year. but it's currently changing the way that people buy computers. two, separate reports find the tablets eating into pc sales. pc shipments declined during the first three months of the year, as consumers bought tablets instead of cheap pcs. >>> after a ten-month delay it looks like apple is ready to sell a white version of the iphone. bloomberg news reports that both at&t and verizon will have the white phone by the end of the month. it's been delayed by manufacturing problems, including with the paint. >>> well, next on th

some good news for consumers banking at citigroup-- the bank is changing the way it processes checks in consumer accounts. as of the end of july, the bank will process checks starting with the smallest amounts first. most banks start with the largest amounts, which can run up multiple overdraft fees on a single account. those fees are pricey. at citi, it's a $34 hit for each overdraft. >> tom: a federal judge in washington, d.c. has tossed out an appeal by two phone companies challenging the f.c.c.'s new rules on what's called "net neutrality." those are the guidelines that ban interest providers from slowing down or blocking internet traffic. the phone companies, verizon and metro p.c.s., sued to overturn the new rules. the court turned the firms away, saying legal action's not allowed until the new rules are published, and they haven't been. >> susie: as we mentioned earlier, members of congress are working furiously to get another bill passed and avoid a government shutdown. in tonight's commentary, some thoughts on solving long-term fiscal problems. here's glenn hubbard, dean at

citigroup was also affectsed.tomers the breach is limited to e-mail addresses and in some cases first names. other affected companies include capital one, tivo, hsn and j.p. morgan chase and company. >>> still to come at 6:00, dining out is about to take an even bigger bite out of your wallet. the news that may have you reconsidering that next restaurant meal. >>> and if you have evening dinner plans outdoors, things are cooling off. still sunshine san francisco. winds picking up a bit west at 20, 59, degrees. we do have clouds off to the west that hint at some changes as we get back to your workweek forecast. [ banker ] when ashley's violin teacher told her parents she was gifted, they were thrilled. she's a natural vibrato. oh. we started saving for this music camp in vermont. so i told them about some of the wells fargo online savings tools like my savings plan, which helps them set up and monitor a savings goal. until we found out that maybe her teacher uses certain terms a little bit loosely. rebecca is clear

they include capital one, citigroup, jpmorgan chase, best buy, marriott rewards and the grocery company kroger. >>> it is on, president barack obama today filed paperwork for his reelection campaign with the federal election commission. >> kind of nervous about it, like it's coming. here it is, 2012, the election. >> i think it needs to reflect the changes that we have seen in the last 2 1/2 years. >> and then we had an underdog senator. >> the president began his bid for reelection in 2010 by releasing this campaign video on his website. the filing allows him to begin fundraising. a campaign insider says their aim is to raise $1 billion. the bay area is considered an obama stronghold. will president obama garner the same support next time around? answers from experts and the average voter on bay area news at 7:00 on tv 36. >>> back now to our top story, that large rally that is going on in downtown san francisco, there you see pictures of it live from news chopper 2 specifically this area very close to the hyatt regency on the embarcadero, that is where california and market street com

boeing bank of america citigroup wells fargo who paid nothing in taxes so your military taxes today paused a moment to remember who's not paying their fair share of the corporate elite and their multi-millionaire c.e.o.'s. so i'm for the good the bad and the insanely i believe the good power shift you can use the activist movement focused on shifting america's energy focus from fossil fuels to clean technology converge in washington d.c. this weekend and set their sights on shutting down b.p. in protest of the species receiving a ten billion dollars tax refund for cleaning up the mess that they created in the gulf eight lash mob of protesters showed up at a b.p. gas station in georgetown and shut it down. i. mean this latest action against b.p. and us on cots actions against g.e. and bank of america the corporate backlash is in full swing in america keep it up guys and. the bad republican congressman allen west besides spewing hate speech against muslims appears west is also interested in destroying the american economy in an interview over the weekend wes was asked about the dangers of no

hands and wait for the government you and me to pay them their interest in two thousand and nine citigroup took out a loan from the fed at two point one billion dollars in interest rate of af a percent and then loan that same money back to the government at an interest rate of three point nine percent they profited more than four hundred forty one million of the deal again doing absolutely nothing except waiting for the government to use our tax dollars to pay a bell their interest also in two thousand and nine bank of america took out loans from the fed totaling two point nine billion at a rate of a measly point two five percent that's a quarter of one percent and turned around and loaned twenty three and a half billion to the government at a rate of three point two percent they profited more than a whopping seven hundred forty four million dollars off this crooked deal with taxpayers that's three quarters of a billion dollars absolutely free we're talking billions and billions in new profits that the banks toure's made and what do we the taxpayers have to show for it nothing the banks or

firms being scrutinized for misleading investors include jpmorgan chase, citigroup, and ubs.m is expected to face as big a fine as goldman sachs which paid $550 million last year. >>> a rare disappointment from google. after the closing bell first quarter earnings came in below expectations as the internet search leaders set up hiring which drove up its costs. investors have been concerned that google's earnings might suffer because of its plans to hire at least 6,200 workers this year. that's the most in google's 13-year history. >>> under pressure from the government, ford is expanding its recall of f-150 pickups. the recall now includes nearly 1.12 million trucks, model years 2004 through 2006, because of an air bag defect. the transportation department says there has been more than 300 complaints that faulty wiring can cause the air bags to deploy accidentally, and without warning. ford recalled 144,000 trucks in february for the same reason. this expanded recall is expected to cost the automaker more than $180 million. >>> and it's another nail in the coffin of daytime s

news corp which owns fox news now facts on the bottom and on the top bank of new york mellon corp citigroup j.p. morgan chase morgan stanley goldman sachs wells fargo bank of america a.i.g. the big banks of america now these people in between are the interlocking boards of directors stephen hall and martin feldstein an f. who is who is on a john chen those goes on and on and on without we don't really need the names but what you see is that there is there are direct links between the boards of each one of these banks and each one of these media companies so you wonder why was it so easy when george w. bush went to the media and said you know the big banks need some help. there's these connections it's all about connections and maybe we should be thinking about legislation that says you can only serve on the board of one company. time for our daily poll your chance to tell us what you think here's today's question s. and p. is warning about a new five trillion dollar big bank meltdown will the u.s. taxpayers with this bill your choices are a yes we'll do it on the back of the new deal by soc

to the roman empire chevron conoco phillips as well as financial institutions like goldman sachs citigroup and bank of america and defense contractors like boeing and general electric along with a handful of other transnational giants spent over a billion dollars in the last decade lobbying congress to keep intact corporate tax loopholes a billion dollars spent just a few blocks from here on just five hundred thirty five members of congress. how is this fair and how long can they get away with this joining me now is adam smith direction communications director of public campaign and daniel harper from the weekly standard gentlemen welcome and thank you. daniel and yes exxon mobil paid nothing in zero nine they got a rebate of one hundred fifty six million chevron ten billion profits in two thousand and nine no taxes nineteen million dollars rebate bank of america four have billion in profits last year paid no taxes got a two billion dollars refund you know look i literally have a list here of about twenty of these i don't want to bore you with the whole thing but you get to the question. f

islamic banking has entered the united states and other western nations thanks to banks like citigroup, hsbc, barclays, deutsche bank and others. it's not necessarily a bad thing in and of itself. until you get down to the shariah compliant officers. now there is one other thing. are we as a nation the owners of the largest per vay your -- purveyor of the largest shariah compliant in the world? we are. we bought the company, as taxpayers. aig. the u.s. government took it over in 2008. i want to introduce you to a couple of people. first, chris holton, the vice president at the center for security policy. his organization published a book called "shariah, the threat to america." he's the editor of shariah finance watch.org. daniel pice, visiting fellow of hoover institute and author of "militant islam reaches america." great to have you both. start, chris, with you. daniel, you watch over shariah and your expertise is finance, correct? okay. first of all, do i have it all right? >> yes, sir. the only thing i can see you might have left out is iran dominate shariah compliant finance in t

we heard from citigroup at the top of the hour. to recap, the dow rose 56 points friday, the nasdaq inched up four to 2764. also making headlines this morning, toyota resumed production on all 11 japanese plants. this is the first time since the earthquake. the factories are only going to run at half capacity due to parts shortages. they are sourcing 150 types of parts. subway is cutting salt out of its diet. the largest franchise chain has 34,000 locations around the world. they are reducing the sodium on the menu at u.s. stores. this is the fresh fit sandwich line. the overall menu will have 15% less salt. they are the first national chain to announce a cut. >> i'm not a big salt person. i'm a sugar pheen. >> makes mom happy. >> exactly. thanks so much. >> plus card board sandwiches taste great. >>> investors wanted to replace the newer tower of the fairmont hotel with condos. they failed to get approval from the hotel workers union. they fear it will cost jobs. without union approval, the plan cannot move forward. it was suppose

best buy, citigroup and tivo among the companies warning a breach may have allowed a hacker. all the companies use the same e-mailing market the firm epselon. they are asking ignore e-mails asking for personal information. higher close faster expected jobs growth and bidding war for the new york stock exchange. mcdonald's is going on a hiring spree, 50,000 summer jobs and they are trying to fight off the mcjob image. at the new york stock exchange, i'm jane king. >> eric: the berkeley police department is reviewing an officer's decision to shoot and kill a pit bull during a police raid. the dog's owner says it was unnecessary force. 25-year-old man says the officer shot his dog point blank in the head after police raided his house saturday night. berkeley police several officers went to the home in 3200 block of shad okay after the report of gunshots. he let them know he had a one-year-old pit bull that was friendly. when police found he was shooting an air pistol he says the mood shifted. >> he said everything was okay. he was laughing at the window. don't worry about it. do

more efficient and effective for patients then peter orszag who is vice chairman of banking get citigroup and a member of their senior strategic advisory group and in addition he serves as an adjunct senior fellow at the council on foreign relations. january of 2009 through january of 2010 he was director of the office management budget responsible for oversight of the administration's budget policy for implementation of a wide range of policy initiatives and federal regulatory action, in major role in health care reform. that interest in effective health care reform including focus on technology innovation goes way back into his career. i know from my personal interaction with him that when he was director of of the congressional budget office and when he was working at the brookings institution as a senior fellow and deputy director of economic studies. he has co-authored a number of books and is a currently a member of the council on foreign relations. please join me in welcoming peter to the podium. [applause] >> it is great to be back. let me say a couple of remarks about the broader

individual investors so that we can be sure that we are not going to be bailing out the aigs and the citigroups and jpmorgan's next time. it was lost. now like i said -- it's not that i fell in love with barack obama or seduced by barack obama. maybe i wasn't, maybe i was. i think you'll agree it's hard to imagine a -- anyone who's more progressive and more intelligence and have a better handle on things than barack obama being president of the united states any time soon. he's given his background, he's multicultural background, the experiences and the background he had in terms of not only being a harvard "law review" editor, and community organizer and so forth. it's kind of a miracle the guy got elected president, particularly when you consider his name. so i began to try to figure out why when you had all of these circumstances in your favor, why when the system was finally supposed to work on behalf of the -- to make good on all of the promises that not only his campaign made, but that progressives has been working towards for deck -- decades. why the system couldn't deliver. where it del

some of the companies involved are walgreen's drugstores, capitol one financial, citigroup, the home shopping network, and kroger grocers. epsilon said no financial data or social security numbers were exposed. on wall street today, stocks made little headway. the dow jones industrial average gained 23 points to close at 12,400. the nasdaq fell less than a point to close at 2789. those are some of the day's major stories. now, back to gwen. >> ifill: president obama made it official today, launching his 2012 reelection campaign in a low-key video e-mailed to supporters. >> we're not leaving it up to chance. we're not leaving it up to the incumbent. it's an election that we have to win. >> unfortunately president obama is one person. he cannot... plus he's got a job. we're paying him to do a job. we can't say, hey, could you take some time off and get us energized? we'd better figure it out. >> i can't not be involved. there's just too much that is fundamentally important right now that's going on. >> ifill: the president's campaign team also filed the official organizing paperwork wi

but let me tell you -- >> did it not turn out to be true for citigroup or not, to big to fail?s d that happen? was that the reality? >> but that's not necessarily about tomorrow. and i think the important thing-- let's start with the basics. why are banks large? why is barclays large, global, interconnected, and complex? charlie, it's because our client are big, global, interconnected. most of the corporates we do business with do business in multiple countries around the world. they manufacture in multiple countries. the u.s. treasury were number one in issuing and trading government debt in the u.k., in the u.s., around the world. you know, the u.s. debt is sizable. the amount of securities that have to be issued as you know are sizable. they're not issued to domestic investors in the u.s. they're issued to china, to japan, to india, to europe. so if the opg is we're not going to have large boston celtics, that's a pretty lousy option. if the option is do we have a regulatory system-- do we have a capital structure and regulatory environment that will allow large institutions

i'm on the board of citigroup and ibm. i already know what's going on. okay? the allocation of capital will ultimately be done by the owners of capital. who are the owners of capital? last time i checked on the trade deficit and the current account deficit and the fiscal deficit and the debt, ain't us. it's china. so what's hong kong? what's shanghai? what's these new emerging financial centers in the far east? they will end up being the centers of gravity. this isn't the invasion of japan that we wrote about in the '80s. the japanese weren't big enough, didn't scale up enough and didn't try. they valued manufacturing and valued it so much that they built factories here in the united states to protect their factories back in japan. they kept r&d in japan. they had a national manufacturing strategy and, by the way, you know? it isn't the reason they're crippled. they can't come to terms with the domestic sector that has a high savings rate, doesn't consume very much and has overinflated real estate. sounds like california to me. so i wouldn't poke my finger at

i'm on the board of citigroup and ibm. i already know what's going on. the allocation of capital will ultimately be done by the owners of capital. who are the owners of capital? last time i checked on the trade deficit and fiscal deficit and the debt it isn't us. it's china. so, what's hong kong, shanghai, the centers in the far east, they will end up being the centers of gravity. this isn't the invasion of japan we are worried about the 80's. the japanese weren't big enough, didn't skilled enough for try to take over the allocation of capital. the value of manufacturing and tell you this so much they built factories in the united states to protect factories back in japan. the kit are in the in japan. the to the national in effecting sector and by the way it is in the reason the crippled, the reason the crippled this they can't come to terms with the domestic sector that has a high savings rate, doesn't consume very much and has over inflated real-estate. sounds like california to me. so i wouldn't put my finger at japan i think it is stuck in their part