president obama is naming a new head to the commodity futures trading commission. his pick is timothy massad, who spent the past three years running the government's troubled asset relief program, better known as tarp. the president used the nomination as a chance to call on congress to completely fund the commodity futures trading commission. the current cftc head is due to depart in january.massad's nomination requires confirmation by the senate. the supreme court will decide a case related to bernie maddoff scandal. according to usa today the high court will decided whether jp morgan chase and other banks should pay for not taking a more aggressive approach against madoff's multi billion dollar ponzi scheme. the securities investor protection corporaiton argues investors should be part of the funds that are recovered from the scam. sea world is in the midst of a whale of a fight. the theme park is now asking a federal appeals court to overturn safety citations and a ban by the occupational safety and health administration.the osha ban restricts how trainers inte

departments of homeland security, justice and the treasury, the irs, the sec, and the commodity future trading commission are all taking a hard look at virtual currencies. >> the treasury department already subjects bitcoin and others to rules designed to fight money laundering. that's why some say further regulation isn't necessary, and they worry that further government intervention will send bitcoin overseas. let's visit with marco santori. good to see you. >> thanks for having me. >> i fundamentally still don't really understand this, but i get that that senator said that bitcoin is about funding child pornography and selling guns and all of these terrible things. every time i speak to an advocate, it's the other extreme. it's all fine, jumping from pink cloud to pink cloud. >> right. i'm an attorney. i'm a skeptic, and i'm in the bitcoin foundation. i realize on one end, bitcoin can be used like all kir kir -- currencies for illicit purposes. on the other end of the spectrum and this is what amazed so many people, the government was understanding that bitcoins and digital currencies in general have

see there in the glasses, timothy massad for a key economic post, chairman of the commodity futures trading commissiont here for all of the money and countless applications and aptitude tests what if private schools are not better? the research that could have us rethinking everything about america's education system. give me a little dolly there. ♪ [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. so i should probably get the last roll... yeah but i practiced my bassoon. [ mom ] and i listened. [ brother ] i can do this. [ imitates robot ] everyone deserves ooey, gooey, pillsbury cinnamon rolls. make the weekend pop. with swiffer bissell stea

don't hear that here finally regulators are dropping like flies over the commodities futures and commodities futures trading commission bart chilton is the latest watchdog to announce his departure from the c.f. to see now the outspoken and colorful official says he'll leave his post at the end of the year since two thousand and seven shelton has served as the agency's most liberal commissioner and hits his surprise exit coincides with the agency's decision to propose a rule that he long champion for his so-called position limits which would rein in speculative commodities trading this is what he told our team last year about the difficulties he faced in implementing the rule. fortunately we've been slowed down there have been delays here and there from capitol hill at the agency itself we've been held up by something called cost benefit analysis which is an extraordinary step you go through to ensure that you're giving people the actual cost of these things but it's been more like cost benefit analysis paralysis in my view and we've been hindered by threatened and actual lawsuits in analysis paralysis now he was a ca

don't hear that here finally regulators are dropping like flies over the commodities futures and commodities futures trading commission bart chilton is the latest watchdog to announce his departure from the c.f. to see now the outspoken and colorful official says to leave his post at the end of the year since two thousand and seven shelton has served as the agency's most liberal commissioner and hits his surprise exit coincides with the agency's decision to propose a rule that he long champion for his so-called position limits which would rein in speculative commodities trading this is what he told r.t. last year about the difficulties he faced in implementing the rule. fortunately we've been slowed down there have been delays here and there from capitol hill at the agency itself we've been held up by something called cost benefit analysis which is an extraordinary step you go through to ensure that you're giving people the actual cost of these things but it's been more like cost benefit analysis paralysis in my view and we've been hindered by threatening and actual lawsuits in analysis paralysis now he was a candid w

exactly what president obama has has decided to do obama name a saudi chairman of the commodity futures trading commission on tuesday to see if to see polices some of wall street's riskiest activity and as top cop of the sea of t.c. mr assad will no doubt put to use his experience as a former assistant secretary of the treasury and while in that position he oversaw the unwinding of the troubled asset relief program better known to most people as tarp if confirmed by the senate massage it will replace gary gensler. and finally starbucks announced tuesday that it will pay kroft foods two point seven five billion billion with a b billion dollars to end a lengthy dispute over distribution of packaged coffee now the payment was ordered by an arbitrator following the coffee giant early terminations of a bagged coffee grocery deal between starbucks and foods starbucks said that cross bridge contract agreements and mismanaged the brand while kraft denies this of course they demand that starbucks pay them a fair value for the business the award will now go to monday's international which spun off from crawford twe

exactly what president obama does has decided to do obama name assad chairman of the commodity futures trading commission on tuesday to see if d.c. polices some of wall street's riskiest activity and as top cop of the sea of t.c. mr assad will no doubt put to use his experience as a former assistant secretary of the treasury and while in that position he oversaw the unwinding of the troubled asset relief program better known to most people as tarp if confirmed by the senate massage it will replace gary gensler. and finally starbucks announced tuesday that it will pay kroft foods two point seven five billion billion with a b billion dollars to end a lengthy dispute over distribution of packaged coffee now the payment was ordered by an arbitrator following the coffee giant early terminations of a bagged coffee grocery deal between starbucks and foods starbucks breach contract agreements and mismanage the brand wall kraft denies this of course they demand that starbucks pay them a fair value for the business the award will now go to monday's international which spun off from crawford twenty twelve. those ar

exactly what president obama does has decided to do obama name assad chairman of the commodity futures trading commission on tuesday to see if to see polices some of wall street's riskiest activity and as top cop of the sea of t.c. mr assad will no doubt put to use his experience as a former assistant secretary of the treasury and while in that position he oversaw the unwinding of the troubled asset relief program better known to most people as tarp if confirmed by the senate massage it will replace gary gensler. and finally starbucks announced tuesday that it will pay crawford's two point seven five billion billion with a b billion dollars to end a lengthy dispute over distribution of packaged coffee now the payment was ordered by an arbitrator following the coffee giant early terminations of a bagged coffee grocery deal between starbucks and. starbucks said that bridge contract agreements a mismanaged the brand wall kraft denies this of course they demand that starbucks pay them a fair value for the business the award will now go to monday's international which spun off from crawford twenty twelve. tho

exactly what president obama does has decided to do obama name a saudi chairman of the commodity futures trading commission on tuesday to see if d.c. polices some of wall street's riskiest activity and as top cop of the c.e.o. of t.c. mr assad will no doubt put to use his experience as a former assistant secretary of the treasury and while in that position he oversaw the unwinding of the troubled asset relief program better known to most people as tarp if confirmed by the senate massage it will replace gary gensler. and finally starbucks announced tuesday that it will pay kroft foods two point seven five billion billion with a b billion dollars to end a lengthy dispute over distribution of packaged coffee now the payment was ordered by an arbitrator following the coffee giant early terminations of a bagged coffee grocery deal between starbucks and foods starbucks said that bridge contract agreements a mismanaged the brand while kraft denies this of course they demand that starbucks pay them a fair value for the business the award will now go to monday's international which spun off from crawford twenty twe

the president has nominated the next head of the commodity futures trading commission. the regulator plays a crucial role in using new rules under the 2010 wall street reform law to try to prevent a repeat of the financial crisis. timothy masad is his name. a senior treasury department official who ran tarp for the last three years. he's replacing outgoing chairman gary gensler. if confirmed by the senate, he will be charged with reining in the uncontrolled trading of complex derivatives. this is a $630 trillion global market. >>> the merger of u.s. airways and american airlines has been cleared for takeoff. it will create the world's largest airline but they must give up some landing slots at a few airports, including reagan national. the merger cap as series of deals that have already eliminated four big u.s. airlines and stoked fear about higher travel prices. >>> and as those two carriers combine, some of its competitors are planning big changes of their own. after february 1, united and delta will charge frequent flyers more points for airline tickets. for example,

> president obama announced tuesday he is nominating timothy to be chairman of the commodity futures trading commission. he served as assistant treasury secretary for financial stability and had overseen the troubled asset relief program. the outgoing chairman is gary. >> the president of the united states accompanied by gary and timothy. of one of the worst economic crises in our history. catastrophe on wall street was rapidly fueling a punishing recession on main street. were looking over the horizon and seeing a potential for a great depression, not merely a great recession. get our economy and put people back to work. one of our top priorities was to make sure a crisis like this never happened again. historic wall street reform that put in place smarter and tougher and common sense rules on the road to protect consumers and end taxpayer funded ls once and for all. five years later, our economy is growing. our businesses are creating jobs. our markets have hit record highs and there is no doubt our financial system is more stable. a big reason for that stability is the work of a small but mighty ind

exclusive with the executive chair of the cme, terry duffy, who took a swipe at the commodity futures trading commissiony that is trading a big chunk of treasurys to have collateral to back up u.s. debt. here's what he said. >> i don't think it is going to hurt that trading market. i think it's a public relations nightmare to be honest with you for the united states of america. liz: david, a lot of thoughts right here from naples. back to you. >> time for france france. -- melissa francis. melissa: in this era of megastorms and natural disasters a new concept in the work that could change aftermaths everywhere worldwide. it is an amazing break through you haven't seen anywhere! even when they say it is not it is always about money. melissa: electricity without wires, not underground. no wires at all! can you see it? think about this. every disasterous storm from the severe tornadoes out in the midwest to the typhoon in the philippines to hurricane sandy, they all end

president obama announced tim massad as his choice to be the next chairman of the commodities futures trading commission. tim massad served as assistant treasury secretary for financial stability and oversees the troubled asset relief program, also known as t.a.r.p. this is 15 minutes. >> ladies and gentlemen, the president of the united states accompanied by gary gensler and tim massad. >> good afternoon, everybody. have a seat. five years ago today, we were in some of the darkest days of one of the worst economic crises in our history. a financial catastrophe on wall street was rapidly fueling a punishing recession on main street. we were looking over the horizon and seeing the potential for a great depression, not merely a great recession. and so we prepared steps to rescue our economy and put people back to work. but one of our top priorities was also to make sure that a crisis like this never happened again. and the result was historic wall street reform that put in place smarter, tougher, common-sense rules of the road to protect consumers and to end taxpayer-funded bailouts once and for all. now,

the commodity futures trading commission which has done a great job put out a rule a year or so ago saying no speculation in oil. if you don't use a commodity, don't buy it all up. the judges in that circuit threw it out. they said that's not good economics. so, yeah, they are unfortunately still fighting. and one example of that is their refusal to let president obama appoint the judges he's constitutionally entitled to appoint. >> we're going to deal with the blocking of the president's judicial nominees, but let me go to this jpmorgan situation. because right wing pundits have been blasting the obama administration for even taking jpmorgan to task. listen to this, mr. chairman. >> let's make no mistake about it. this is all about being a victim. >> you have no chance against this mccarthyism. >> wow. >> in my opinion, this is an attempt to pin all of the blame for the crash on wall street and pin it on the banks as well. >> mccarthyism. i mean, like if they were doing something wrong to go after banks that sold toxic mortgages to american citizens. >> we have just heard an example from

. >>> the white house has just announced its pick to run commodities futures trading commission.harwood has details. >> reporter: there are a lot of things the president of the united states can't control right now as he waits for a fix on his health care website. but one thing he can control is his own nominations. he is nominating tim massad, replacing the regulator. tim has worked at the treasury department, overseen the t.a.r.p. program, the white house mentioned that in the announcement. wouldn't expect any confirmation difficulties with tim massad. >> thank you so much. wearing the hat of ceo means big responsibility. quite often, big money as well. a new study is concluding chief executives living opulent lifestyles are increasing chances others at their company will commit fraud. i can't connect the dots on this one. >> it's an eye-opening report. this is an academic study. goes on page after page by page. done by three researchers aren't the country. they found for every year ceo that likes to live big lifestyles, fraud raises by 6%. j.p., we have our own robert frank, w

you have the biggest names in market structure here including gary gensler of the commodity futures trading commissione recently, on friday, announced a new rule where you have to have collateral even for big treasury bets so no longer u.s. treasuries as good as cash if. >> this came up in your panel too today, and now you're talking about this rule that the cftc passed. what we have to do is have our largest cover, one. what we have to have is cash or a pun line to back up that -- money line to back up that, not treasuries. it's a incident amount of money, it's more than the lines we have in place today, so we don't see the difference between liquid treasury securities and cash if the full faith and credit of the united states government is not good, what is? liz: is it going to hurt that trading market? >> it's a public relations nightmare, to be honest with you, if you're the united states of america because clearinghouses are taking u.s. debt -- the same ones that our government doesn't take as good collateral -- they're accepting as good collateral. eventually, people that are holding this debt,

eastern with exclusive interview with gary gensler, chairman of the commodities futures trading commission terry duffy chairman of c-m. michael milkin and 3:00 on fox business. what a day, what a start for the weekend. dow up 14 points. flirting with the 16,000 mark. ashley: finishing up 14 points, below the 16,000 mark. as you can see the dow finishing positive on the day even though under 16,000. the s&p losing about a third of a percent. nasdaq also down about 1%. >> keep in mind after the bell we, urban outfitters beating on eps but shy on revenue. melissa: what a way to start your week with obamacare bailout talk? that's right. very insurance companies getting played by the government right now, will be turning to you to keep them afloat and the president said they could. you got to hear this because even when they say it's not it is always about money. melissa: the bailout for obamacare. taxpayers, meaning you, may now be on the hook for the health care law, all courtesy of a provision called the risk corridor? have you heard about this? no one presumably read this far into the bill.

president obama nominated a top treasury department official, timothy massad, to run the commodity futures trading commissionay. the c.f.t.c. regulates the futures and options market, but it's one of the smallest and most thinly funded u.s. agencies. the president urged congress today to fully fund the commission. on wall street, the dow jones industrial average lost 32 points today to close at 15,750. the nasdaq rose a fraction to close just short of 3,920. >> woodruff: still ahead on t newshour: the science behind superstorms; personal stories from health care reform; "60 minutes'" case of mistaken reporting; and former vice president cheney speaks about his heart. >> ifill: so, is there a connection between the nearly 200 mile an hour winds that flattened so many filipino communities and the warming planet? that's the subject of our first feature segment tonight. the sheer deadly power of the philippines typhoon has cast a fresh spotlight on the question: are storms getting stronger as the planet gets warmer? at its peak, typhoon haiyan was hundreds of miles wide, with sustained winds of 190 to 195 miles

the cost of characters of the commodity futures and trading commission has changed quite a bit recently now the chairman of the c f.t.c. gary gensler will step down at the end of the year and the outspoken commissioner bart chilton plans not to seek another term i spark i spoke with mark mullin editor of future intelligence at opel s. and started off by asking him what these departures meant for not only the c f t c but also for the implementation of dodd frank. there is what people are hoping will happen and then there is what people think is probable to happen i think the biggest change to occur is with timothy myside potentially taking over as the c f.t.c. chairman. regulatory sources of us have told me this could be terrifying. gary gensler and bart chilton have made a number of enemies they've made enemies in the chicago exchange community and particularly and perhaps most importantly they've made enemies in the big banking community so there is going to be no she tears shed when these guys leave the sea f.t.c. but they put together a reform agenda that quite frankly has people who

the cast of characters of the commodity futures and trading commission has changed quite a bit recently now the chairman of the c f.t.c. gary gensler will step down at the end of the year and the outspoken commissioner bart chilton plans not to seek another term i spark i spoke with mark mullin editor of future intelligence at opel s. and started off by asking him what these departures meant for not only the c f t c but also for the implementation of dodd frank. there is what people are hoping will happen and then there is what people think is probable to happen i think the biggest change to occur is with timothy massada potentially taking over as the c f.t.c. chairman. regulatory sources have told me this could be terrifying. gary gensler and bart chilton have made a number of enemies they've made enemies in the chicago exchange community and particularly and perhaps most importantly they've made enemies in the big bang keep community so there is going to be no to tears shed when these guys leave the c.f. to see but they put together a reform agenda that quite frankly has people who ar

the cost of characters of the commodity futures and trading commission has changed quite a bit recently now the chairman of the c f.t.c. gary gensler will step down at the end of the year and the outspoken commissioner bart chilton plans not to seek another term i spark i spoke with mark mullin editor of future intelligence at opel s. and started off by asking him what these departures meant for not only the c.f. to see but also for the implementation of dodd frank. i think there is what people are hoping will happen and then there is what people think it's probable to happen i think the biggest change to occur is with timothy myside potentially taking over as the c f.t.c. chairman. regulatory sources have told me this could be terrifying. gary gensler and bart chilton have made a number of enemies they've made enemies in the chicago exchange community and particularly and perhaps most importantly they have made enemies in the big banking community so there is going to be no show tears shed when these guys leave the sea f.t.c. but they put together a reform agenda that quite frankly has

dagen: live from the cme leadership conference, talking with the head of the commodity futures trading commissionl: the new challenger to tesla will be jeff flock, that story coming up. he is going to be back more often, you can count on it. >> i am jo ling kent with your fox business brief. made airline plans to cut cost by $2 billion by adding more fuel efficient aircraft increase employee productivity. the airline expects to add $700 million in revenue with more add-ons like preferred seat assignment. third-quarter labor cost increased, the labor department says the compensation cost for u.s. workers rose by three tenths of a percent while the cost of benefits like health insurance jumped by seven tenths of a percent. president obama announced a $100 million competition to prepare high school students for high-tech jobs. youth career connect will award grants to secondary school students who team up with universities and employers to create innovative programs. that is the latest from the fox business network giving you the power to prosper. it's as simple as this. at bny mellon, our business

future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >> reporter: i'm lori rothman which are fox business brief. president obama will nominate timothy as chairman of the commodities futures trading commission white house scheduled for the next hour. the nomination requires senate confirmation. federal judge meantime has projected former mf global and two of the top directors to dismiss an investor lawsuit over the commodity from collapse. the litigation seeks to hold core design and top colleagues, including j.p. morgan chase and old men responsible for mf global 2011 bankruptcy. and even if he did not get in on the twitter ipo you can still buy a single share. beautiful for framing. selling single share twitter stock certificates. the company predicts it will be a top gift this holiday season, and that is the latest from the fox business network, giving you the power to prosper. ♪ ashley: social needs s looking to move and. the vice president of consulting and a senior analyst. no matter what, should twitter be afraid? >> i don't know if they should be afraid. it should certainly be aware. has to make facebook a top consideration. is it that. one of the biggest risks to the business was a

commodities future trading commission member bart chilton is stepping down n a letter to president obamall leave the futures regulator post in the not-too-distant future. he has served as one of 5c cftc commissioners since 2007. he is a frequent guest on fox business. >>> corelogic says home prices increased just .2 of a percent in september, down from .9 of a percent in august. the report showed monthly price increases in all 50 states. home prices are up 12% year-over-year. >>> the services sector which accounts for 85% of the u.s. economy grew than faster than expected rate in october. ism manufacturing indecks rose to 55.4 up a full point from september. economists expect ad decline to 54. >>> that is the latest from the fox business network, giving you the power to prosper. lori: a lot of questions about the extent u.s. spying. secretary of state john kerry in poland vowing that the u.s. will strike a right balance he said between espionage and privacy but is it too late? have we burned some international bridges and will that ultimately hurt our trade relationships? welcome colonel

his, president obama has nominee for the chairman of the commodity futures trading commission. later, an update from the pentagon on u.s. assistance to the philippines. on our next "washington journal" we will talk to charles dent. we will get his take on the house-senate conference. this week's house health care vote to allow people to keep their coverage and make it illegal to discriminate against days and lesbians in the workplace. then, the democratic senator discusses implementing the health care law and problems with healthcare.gov. onpart of our spotlight magazine series, a look at an investigative piece about whether more campaign cash translates into more votes. live each morning at 7:00 eastern on c-span. >> from a young age, jaclyn loved to write and would often for heromes as gifts parents on christmas and birthdays. we have two early examples here from when she was about 10 years 1950,ere in the fall of bouvier entered the very well- known writing contest and her winning essays, one was a self- portrait. question three of the essay, who were three people in history

but the republicans have only got one watchdog out there commodity future trading commission. they're supposed to set up position limits for nonparticipants, you know, people who are just speculating on price, not people who actually utilize these commodities. that hasn't been done. and they're otherwise under relenting attack, including a $10 million cut in their budget by the republicans. so if we really wanted to do something to help consumers, we would pass this amendment get a few more watchdogs downtown, put in place those position limits on speculators and next may you wouldn't see prices run up $1, $1.25 $1.50 a gallon like we see every may. that has to do with two chings. refinery ma nip -- things. refinery manipulation and speculation by wall street. we're not addressing either of those things. today we're talking about putting more land up for leasing but today, you know we have a total of $35,397,010 -- 35,397,010 acres of active leases and the nonproducing leases are 30,019,256. i.e., you know, that's about, you know, 85% of the leases are nonproducing leases. the