207
207
Apr 23, 2013
04/13
by
CNBC
tv
eye 207
favorite 0
quote 0
eamon, thank you. we'll see you later in the show. abigail is it going to stay with me, larry mcdonald will stay with me. >>> other big story now is stronger than expected corporate earnings. good story. and apple beat, strong profit in big industrial companies. gave us a big rally today. remember, please, profits are the mother's milk of stocks. all that's up next. and please don't forget my other dictum. free market capitalism is the best path to prosperity. we'll be right back after this. >>> it's hard to hit home runs all of the time. is that part apple's problem? >> i don't know if it's a problem, larry. tim cook did say we've got some cool new stuff coming in the fall and in 2014. that might have been what triggered an after hours selloff. some people interpreted that to mean we don't have new stuff coming in the summer. but will he he also talked about new product categories the team is working on. yes, apple has been coming out with a lot of new stuff over the past couple years, but historically, they have taken longer between
eamon, thank you. we'll see you later in the show. abigail is it going to stay with me, larry mcdonald will stay with me. >>> other big story now is stronger than expected corporate earnings. good story. and apple beat, strong profit in big industrial companies. gave us a big rally today. remember, please, profits are the mother's milk of stocks. all that's up next. and please don't forget my other dictum. free market capitalism is the best path to prosperity. we'll be right back after...
164
164
Apr 16, 2013
04/13
by
CNBC
tv
eye 164
favorite 0
quote 0
our eamon javers is at the first major outdire event since boston. we will go live there. >> the day after the terror attacks, they're holding a major parade right here in downtown washington, d.c. i'll tell you how it's going when we come back on "power lunch." everybody has different investment objectives, ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. omnipotent of opportunity. go national. go like a pro. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and
our eamon javers is at the first major outdire event since boston. we will go live there. >> the day after the terror attacks, they're holding a major parade right here in downtown washington, d.c. i'll tell you how it's going when we come back on "power lunch." everybody has different investment objectives, ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your...
107
107
Apr 30, 2013
04/13
by
CNBC
tv
eye 107
favorite 0
quote 0
so eamon is right, volatility creates greater opportunities.ey probably actually don't care. >> all right. we have to leave it there. >> thank you. >> don't say good buy. really that hurts -- >>> if you drive a ferrari, it seems you get in trouble. what's the latest mishap involving the car for the super-rich? >> there's a web video of a ferrari that's gone viral, all because of the driver. we'll tell you who that driver is and why he's touched off a global debate over the super-rich. that's coming up after the break. tdd#: 1-800-345-2550 opportunities are waiting to be found in faraway places. tdd#: 1-800-345-2550 markets on the rise. 1-800-345-2550 companies breaking through. tdd#: 1-800-345-2550 endless possibilities. tdd#: 1-800-345-2550 with schwab, i search the globe for the big movers. tdd#: 1-800-345-2550 i can trade in 30 different markets tdd#: 1-800-345-2550 to help me seize opportunities, tdd#: 1-800-345-2550 potentially better returns and new ways to diversify. tdd#: 1-800-345-2550 to get an edge, i use schwab's global research. td
so eamon is right, volatility creates greater opportunities.ey probably actually don't care. >> all right. we have to leave it there. >> thank you. >> don't say good buy. really that hurts -- >>> if you drive a ferrari, it seems you get in trouble. what's the latest mishap involving the car for the super-rich? >> there's a web video of a ferrari that's gone viral, all because of the driver. we'll tell you who that driver is and why he's touched off a global...
54
54
Apr 9, 2013
04/13
by
CNBC
quote
eye 54
favorite 0
quote 1
eamon javers in washington with who's asking the questions now. >> maria, it's one of the tri y trickiest questions here in washington, when does advance information about something that congress or regulatory agencies is about to do become insider trading? last week we saw "the wall street journal" report on a new example of this, when a political intelligence firm here in washington sent a tip to its clients that there was a change coming in the way medicare and medicaid pay out benefits. that caused a spike in health insurance stocks. take a look at this chart. and what you'll see is within about 15 minutes of that information going out to the clients, those stocks spiked. that has got senator chuck grassley upset. he says it's unfair, because the people who got the information ahead of time got an unfair advantage and he was grilling today the head of medicare and medicaid. take a listen to the exchange. >> wrong and quite possibly illegal and i hope you agree that ultimately you're responsible. what are you going to do to hold somebody accountable for this
eamon javers in washington with who's asking the questions now. >> maria, it's one of the tri y trickiest questions here in washington, when does advance information about something that congress or regulatory agencies is about to do become insider trading? last week we saw "the wall street journal" report on a new example of this, when a political intelligence firm here in washington sent a tip to its clients that there was a change coming in the way medicare and medicaid pay...
140
140
Apr 5, 2013
04/13
by
KQED
tv
eye 140
favorite 0
quote 0
eamon javers is our watchdog and he is keeping an eye out on where fraud might be lurking. i know you have been studying this for a while. what are you finding? >> if you're an investor, shareholder or a tax holder, there are people out there every day looking to separate you from your money. now we're going to tell you who they are, bringing you the latest in alleged scams, frauds, and a abuse. think of it as a regular reminder to watch your money. this week we've got two-stories that could have affected you if you've got a mortgage or if you pay federal taxes. just today, for example, the consumer financial protection bureau announced four enforcement actions to end what it said were improper kickbacks paid by mortgage brokers to mortgage lenders. the proposals would require four national insurance companies to pay $15 million in penalties. >> so eamon, what did they allegedly do wrong there? tell us how this whole thing unfolded. >> well, the cfpb says the insurance firms provided kickbacks to lenders by purchasing what were essentially worthless reinsurance that was des
eamon javers is our watchdog and he is keeping an eye out on where fraud might be lurking. i know you have been studying this for a while. what are you finding? >> if you're an investor, shareholder or a tax holder, there are people out there every day looking to separate you from your money. now we're going to tell you who they are, bringing you the latest in alleged scams, frauds, and a abuse. think of it as a regular reminder to watch your money. this week we've got two-stories that...
127
127
Apr 10, 2013
04/13
by
CNBC
tv
eye 127
favorite 0
quote 0
eamon javers is in edison, new jersey, with all the details.n't know all this talk of giving someone advantage over the other, i thought it was supposed to be a level playing field. >> reporter: let me give you a perspective on that 4 milliseconds. that's faster than the human eye can blink. it takes about 300 milliseconds to blink your eye. it's faster than the human thought. but this consortium put up behind us and transmitting new signals to the nasdaq in new jersey say they can shave 4 milliseconds off the transmission time and that's faster than the speed of light as it travels over a fiber optic cable. why is that? a fiber optic cable is disadvantaged because it's got to travel with the contours of the earth, which is a curve. this technology goes in a much straighter line, so it comes much closer to the approximate speed of light itself, which albert einstein said is the fastest speed that anything can go. critics say all of this is too fast. it's playing into the hands of high-frequency traders that are trading faster with algorithmic c
eamon javers is in edison, new jersey, with all the details.n't know all this talk of giving someone advantage over the other, i thought it was supposed to be a level playing field. >> reporter: let me give you a perspective on that 4 milliseconds. that's faster than the human eye can blink. it takes about 300 milliseconds to blink your eye. it's faster than the human thought. but this consortium put up behind us and transmitting new signals to the nasdaq in new jersey say they can shave...
123
123
Apr 12, 2013
04/13
by
KQED
tv
eye 123
favorite 0
quote 0
for "nighting business report," i'm eamon javers. >>> from state finances to personal ones, tax time can have a significant impact on your bottom line. a positive one if you are getting a refund. refunds sent to more than 78 million taxpayers, totaling over 270 billion this tax season. sharon epperson on where taxpayers are putting money this year. lucky for those who are getting refunds. >> a lucky day for that. >> tell us what is the average refu refund? how much money are we talking about? >> we're talking about the average refund for 2013, as of april 5, $2,755. this compared to $2,800 last year and $2,900 in 2011. average refund is coming down, we are looking at a lot of people happy to get that omt of money. >> why is it coming down? what are people doing with it? >> it's coming down perhaps because a lot of people who are underemployed not earning the same amount, not getting the same refunds. but we're not all the way through this filing season and through the refund season yet, and those 2012/2011 numbers for the full year. maybe big checks waiting to come in. >> what are th
for "nighting business report," i'm eamon javers. >>> from state finances to personal ones, tax time can have a significant impact on your bottom line. a positive one if you are getting a refund. refunds sent to more than 78 million taxpayers, totaling over 270 billion this tax season. sharon epperson on where taxpayers are putting money this year. lucky for those who are getting refunds. >> a lucky day for that. >> tell us what is the average refu refund? how...
629
629
Apr 17, 2013
04/13
by
CNBC
tv
eye 629
favorite 0
quote 0
thanks so much, eamon. we just got the update from washington from eamon.head back to boston and get the latest developments on the bombing investigation there. >> a little over 30 minutes left in the trade, with the dow down 145. we'll also hear from a terror expert on all of the twists and turns in this case, when michelle and i come back. totall. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-866-294-5412. >>> it has be
thanks so much, eamon. we just got the update from washington from eamon.head back to boston and get the latest developments on the bombing investigation there. >> a little over 30 minutes left in the trade, with the dow down 145. we'll also hear from a terror expert on all of the twists and turns in this case, when michelle and i come back. totall. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me...
239
239
Apr 25, 2013
04/13
by
CNBC
tv
eye 239
favorite 0
quote 0
thanks, eamon. >> you bet. >> okay, to dunkin brands we go. shares have been getting a boost in today's session on the first quarter results they released. and while profits took a hit, due to higher costs and some other accounting situations, topline growth got a healthy boost with sales at u.s. dunkin' donuts locations coming in higher. >> so in this fiercely competitive market, how will dunkin brands keep on growing? joining us now is dunkin brands ceo, nigel travis. good to have you on the program. thanks for joining us. >> good to be back. >> so this quarter's results, earnings slipping basically on higher expenses, but the top line getting a boost. talk to us about the quarter and what drove business. >> we felt very pleased with the quarter. we were very pleased with our development number. in terms of the financial numbers, we look at eps, which grew by about 16%. adjusted upgrade in income grew about 12%. we were very pleased with our adjusted dunkin comps of 1.7, because we were going against some very strong weather comparisons from
thanks, eamon. >> you bet. >> okay, to dunkin brands we go. shares have been getting a boost in today's session on the first quarter results they released. and while profits took a hit, due to higher costs and some other accounting situations, topline growth got a healthy boost with sales at u.s. dunkin' donuts locations coming in higher. >> so in this fiercely competitive market, how will dunkin brands keep on growing? joining us now is dunkin brands ceo, nigel travis. good...
420
420
Apr 17, 2013
04/13
by
CNBC
tv
eye 420
favorite 0
quote 0
and eamon javers joins us live from washington with more. eamon?onitor throughout the day for new developments. but let me tell you exactly what when he know as of so far. they say it contained a white granular substance. the letter was addressed to senator roger wicker, a republican of mississippi. and the preliminary tests indicate that the substance here is ricin. the letter was postmarked in memphis, tennessee. didn't have any return address on it. but otherwise, officials say it was not otherwise suspicious here. the senate mail service has been suspended. they're going to go back and do a very detailed look at exactly what this substance is. guys, i've got to tell you, there's been a history of false positive tests, at least initially for this substance ricin. and of course, this potential attack, if that's what it is definitely reminds us of those days after september 11th up on capitol hill where you're dealing with the anthrax attacks in capitol hill and media organizations across the country. this is something that could be very, very sca
and eamon javers joins us live from washington with more. eamon?onitor throughout the day for new developments. but let me tell you exactly what when he know as of so far. they say it contained a white granular substance. the letter was addressed to senator roger wicker, a republican of mississippi. and the preliminary tests indicate that the substance here is ricin. the letter was postmarked in memphis, tennessee. didn't have any return address on it. but otherwise, officials say it was not...
218
218
Apr 23, 2013
04/13
by
CNBC
tv
eye 218
favorite 0
quote 0
. >> it certainly is, eamon. idea is most of these programs, as smart as they town are trend-following programs. so the idea is to buy low and sell high. that's the important thing here. >> tyler has the tweet. >> i'm looking at a facsimile of the tweet that went out. i don't know if you can get in on that, chris or not, bearing the logo of the associated press. that's the picture. so it is made obviously to look official. it says breaking, colon, two explosions in the white house and barack obama's injured. i should point out our newsdesk, which sees all of these kinds of feeds routinely, the immediate reaction says it doesn't sound right, the way they would have phrased this information. >> they always use the term "president" they never use the term barack obama. >> that would have been one of the tipoffs, that this was a bog us tweet, not obviously the main news feed of the associated press, which has a whole other layer of security in it. let's go to kate kelly for a perspective how this may pick up this kin
. >> it certainly is, eamon. idea is most of these programs, as smart as they town are trend-following programs. so the idea is to buy low and sell high. that's the important thing here. >> tyler has the tweet. >> i'm looking at a facsimile of the tweet that went out. i don't know if you can get in on that, chris or not, bearing the logo of the associated press. that's the picture. so it is made obviously to look official. it says breaking, colon, two explosions in the white...
221
221
Apr 9, 2013
04/13
by
CNBC
tv
eye 221
favorite 0
quote 0
eamon? >> it's one of the trickiest questions here in washington facing investors. when is advanced information about something that congress or government regulators might do actually inside information in terms of trading on stocks that will move as a result of that news? last week "wall street journal" first reported an incident involves insurance stocks that moved based on a proposed change at the centers for medicare and medicaid services. today senator chuck grassley was grilling the proposed new head of that entity called cms. he said he hopes that she understands these kinds of leaks are her responsibility. take a look at the exchange. >> it is wrong and quite possibly illegal. i hope you agree that ultimately you're responsible. what are you going to do to hold somebody accountable for this leak? >> cms takes all of this seriously. we did receive your letter. we have initiated an internal review. and it will be extensive. >> now, simon, marilyn taverner also told the senate today that she's invited the ig, the inspector general of cms to get involved in thi
eamon? >> it's one of the trickiest questions here in washington facing investors. when is advanced information about something that congress or government regulators might do actually inside information in terms of trading on stocks that will move as a result of that news? last week "wall street journal" first reported an incident involves insurance stocks that moved based on a proposed change at the centers for medicare and medicaid services. today senator chuck grassley was...
813
813
Apr 15, 2013
04/13
by
CNBC
tv
eye 813
favorite 0
quote 0
eamon javers, we know that this did have an impact to the markets.now joined by bob pisani and art cashin. bob, i know you've been making calls to trading desks and also the exchange to find out security. art, give us your sense of what happened when this first broke and the impact to the market. >> okay. as you know, maria, the rumor was down here on the floor before it ever hit the news wires. probably came from tweeting and blogging. maybe some people were actually at the race. it had a minor effect. the market began to come in a little bit. when we found out it was two explosions, people began to worry about was that terrorism? more than one event, that's when the markets came in the most. subsequently, there was speculation or rumor that at least one of the explosions may have come from a garbage can. that didn't sound terribly sophisticated. that might be a revenge kind of thing preside thing. the market came back. >> we're now back at the lows, near the lows. >> we have about 600 million for sale. $600 million worth for sale on the bell. that'
eamon javers, we know that this did have an impact to the markets.now joined by bob pisani and art cashin. bob, i know you've been making calls to trading desks and also the exchange to find out security. art, give us your sense of what happened when this first broke and the impact to the market. >> okay. as you know, maria, the rumor was down here on the floor before it ever hit the news wires. probably came from tweeting and blogging. maybe some people were actually at the race. it had...
113
113
Apr 3, 2013
04/13
by
KQEH
tv
eye 113
favorite 0
quote 0
for "nightly business report," i'm eamon javers. >>> a turbulent day for airlines. delta warned it expects revenues will come lower than forecast for the first quarter. it said march performance was weaker than expect. delta still expects a profitable quarter, but shares were down 8%. the other airlines also lost altitude on the delta warning. jetblue, southwest, united, and usair all off between 4 to 5%. on the other side of the airport, hertz raised its three-year guidance saying total revenues would increase by as much as 14% by the year 2015. hertz shares jumped almost 7% to $23 and change. the stock is up almost 44% this year. >>> jcpenney's board cut executive -- chief executive ron johnson's 2012 total compensation to $1.9 million. in 2011, johnson's compensation was $59.3 million. that is a big pay cut. over the past year, and here is why, jcpenney shares have lost 59% of their value. today closing down more than 1 1/2% at $14.55. >>> medicare's advantage plans will not be as costly to health insurers as expected, and that group faced the market today. unite
for "nightly business report," i'm eamon javers. >>> a turbulent day for airlines. delta warned it expects revenues will come lower than forecast for the first quarter. it said march performance was weaker than expect. delta still expects a profitable quarter, but shares were down 8%. the other airlines also lost altitude on the delta warning. jetblue, southwest, united, and usair all off between 4 to 5%. on the other side of the airport, hertz raised its three-year guidance...
175
175
Apr 25, 2013
04/13
by
CNBC
tv
eye 175
favorite 0
quote 0
eamon javers with the story. eamon? >> hi, maria. washington is definitely looking into this, but as you say, a lot of questions do remain here. folks in washington believe that the problem here was on the equity side of the cboe, and that puts it squarely in the per view of the s.e.c. in terms of the regulator. what's the s.e.c. doing about it? they gave us this statement, which doesn't tell us a whole heck of a lot. they say, as is our practice, we are monitoring the situation. now, of course, the s.e.c. wouldn't be able to give us the details of any investigation that is ongoing, but that's what we know so far from washington's perspective here, which isn't much, maria. >> it seems like there's been a lot of issues lately, right? how are regulators deal with all of this? >> it's a lot on their plate. they're drinking from a fire house. particularly just this week, you've already seen the s.e.c. being drawn into this ap twitter hack situation. they've got to investigate that. and at some point, you know, regulators can't investigat
eamon javers with the story. eamon? >> hi, maria. washington is definitely looking into this, but as you say, a lot of questions do remain here. folks in washington believe that the problem here was on the equity side of the cboe, and that puts it squarely in the per view of the s.e.c. in terms of the regulator. what's the s.e.c. doing about it? they gave us this statement, which doesn't tell us a whole heck of a lot. they say, as is our practice, we are monitoring the situation. now, of...
199
199
Apr 30, 2013
04/13
by
CNBC
tv
eye 199
favorite 0
quote 0
let's get to eamon javers, he's got the story. eamon?ng over the cftc is going on right now and they did tack on a discussion at the end of the day here to talk about that fake ap tweet about twitter. and the cftc meeting is going on right now. they haven't actually gotten around to talking about the twitter situation just yet. and i want to tell you the ironic reason, in part, why, and that's because they've been talking a lot about the flash crash events of may of 2010. and that should give you some sense about how long we might be talking about this ap twitter hack. i've been talking to some folks here in washington and i can tell you, maria, one of the things that regulators are focusing on right now is this question of whether whoever did this hack attack against the ap's twitter account did it in order to cause some disruption in the markets. if it was just vandalism and hacking, there might not be anything for regulators to do here in this case. if it was intended to cause market disruption, that could be market manipulation. that
let's get to eamon javers, he's got the story. eamon?ng over the cftc is going on right now and they did tack on a discussion at the end of the day here to talk about that fake ap tweet about twitter. and the cftc meeting is going on right now. they haven't actually gotten around to talking about the twitter situation just yet. and i want to tell you the ironic reason, in part, why, and that's because they've been talking a lot about the flash crash events of may of 2010. and that should give...
180
180
Apr 18, 2013
04/13
by
CNBC
tv
eye 180
favorite 0
quote 0
don't know anything about it. >> eamon is gone. get hell him another time.ramatic day on wall street. that was before some big news came out on microsoft and ibm earnings and google. ibm got killed in the after market, by the way. we're going to check all the key market news for you just ahead. i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. i'm really glad that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking for. one traveler at a time. expedia. find yours. >>> welcome back to "the kudlow report" with larry kudlow along with sue her rare ark. the latest in the boston marathon terror bomb investigation. less than to you hours ago the fbi released pictures of two men described as dangerous suspects in the case. they are asking for the public's help in identifying. >> taking a look at images. they show two men in baseball caps and dark jackets who were seen walking together through the crowd at monday's race. the public is being asked to call a hotline. it'
don't know anything about it. >> eamon is gone. get hell him another time.ramatic day on wall street. that was before some big news came out on microsoft and ibm earnings and google. ibm got killed in the after market, by the way. we're going to check all the key market news for you just ahead. i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. i'm really glad that girl stayed at home. vo: expedia helps 30 million travelers a month...
167
167
Apr 18, 2013
04/13
by
CNBC
tv
eye 167
favorite 0
quote 0
eamon javers is in washington with details on that. eamon? >> hi, bill.s story is likely one of those that's going to get under the skin of anybody who paid their taxes last week. 24 current and former irs employees have been indicted for fraud. they're accused to have falsely saying that they were employed and getting benefits, allegedly obtaining over $250,000 in benefits. some of them allegedly obtained insurance payments, food stamps, welfare, and housing vouchers. i'm told that these were employees in and around the memphis service center in tennessee. they'rw- and seasonal employees, and bill, i talked to the irs about this. they say that they hold their employees to the highest ethical standards and point out that they have over 90,000 employees at the irs. clearly, a group here now under intense scrutiny and we'll have to see how this one plays out. but 24 current and former irs employees indicted now for fraud. >> but did they pay taxes on those benefits that they got? >> that's one thing we'll have to check, michelle. >> thank you, eamon. >>> go
eamon javers is in washington with details on that. eamon? >> hi, bill.s story is likely one of those that's going to get under the skin of anybody who paid their taxes last week. 24 current and former irs employees have been indicted for fraud. they're accused to have falsely saying that they were employed and getting benefits, allegedly obtaining over $250,000 in benefits. some of them allegedly obtained insurance payments, food stamps, welfare, and housing vouchers. i'm told that these...
619
619
Apr 2, 2013
04/13
by
CNBC
tv
eye 619
favorite 0
quote 0
right to eamon javers. >> the s.e.c. has issued an interesting ruling on social media. the s.e.c.g in a press release just a few minutes ago that it is okay for companies to use social media sites like facebook and twitter to announce company information, but they have to let investors know which sites they're going to be using to disseminate that information. now, this ruling has an interesting back story here. it comes in the wake of a facebook posting by the ceo netflix, who posted some information to his personal facebook page about the company. that information was not included in a press release or an 8k for investors. it affected the company's stock price and the question then became, when it is okay for company officials to use social media like twitter and facebook to release this information? the s.e.c. now saying, it is okay to use those venues. but they've got to let some investors know when they're going to be posting that stuff before they post it. and that way everybody knows where to look for the new details, maria. >> very interesting. >> yes, it's interesting, bu
right to eamon javers. >> the s.e.c. has issued an interesting ruling on social media. the s.e.c.g in a press release just a few minutes ago that it is okay for companies to use social media sites like facebook and twitter to announce company information, but they have to let investors know which sites they're going to be using to disseminate that information. now, this ruling has an interesting back story here. it comes in the wake of a facebook posting by the ceo netflix, who posted...
186
186
Apr 3, 2013
04/13
by
CNBC
tv
eye 186
favorite 0
quote 0
cnbc's eamon javers joining us now with more of the details. eamon? >> good evening, brian.he "washington post" reported this story this morning. let me walk you through the details of what they say is a campaign by obama administration officials to push banks to loosen their lending standards when it comes to home mortgages. the "post" saying that the obama administration wants those banks to begin to lend again post-crisis. they say they've ratcheted the standards up too high and they want the banks to use those taxpayer-backed programs that enable them to do it and they're also urging the department of justice to reassure banks they won't be subject to prosecution or investigation if they move toward lending to people with lower credit scores. apparently, obama administration officials now feeling that some of the bank loan requirements of 20% down and near pristine credit scores are too high and that's hurting the housing recovery as a lot of people just simply can't get credit in this market. and brian, i've got to tell you, the interesting thing about this story is the
cnbc's eamon javers joining us now with more of the details. eamon? >> good evening, brian.he "washington post" reported this story this morning. let me walk you through the details of what they say is a campaign by obama administration officials to push banks to loosen their lending standards when it comes to home mortgages. the "post" saying that the obama administration wants those banks to begin to lend again post-crisis. they say they've ratcheted the standards up...
328
328
Apr 22, 2013
04/13
by
CNBC
tv
eye 328
favorite 0
quote 0
eamon javers has if latest on -- has the latest on an insider bribery case. please stay with us.evolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. >>> >>> a former coo of office depot has been charged with insider trading and ralph lauren settled the bribery case. i'mch javers joins us with all the details. good evening. >> good evening, larry, the sec charged corporate executive mark begelman with insider trading based on information he learned from the professional world president's organization. the sec said beg elman a chief operating officer at home depot gleaned information about the pending merger from a member of the group and purchased 25,000
eamon javers has if latest on -- has the latest on an insider bribery case. please stay with us.evolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how...
138
138
Apr 4, 2013
04/13
by
CNBC
tv
eye 138
favorite 0
quote 0
eamon javers joins us now with the sordid details. >> reporter: what a coincidence. the timing of this story comes at the same time the government accountability office the gao here in washington released a new report on what's called the political intelligence industry and it's those firms that mine washington agencies, congress, all of the federal government apparatus here for details that they can then feed to traders on wall street to get ahead of the announcements of major information. let me bring the highlights. gao finding that no laws or ethics rules specifically govern the sale of information by these political intelligence firms but they also said the disclosure of material nonpublic governmental information could be insider trading and they said members of congress could use the speech or debate privilege of the united states constitution as a defense here. now the story that was broken in the "wall street journal" this morning was of a firm called height securities which got information in advance in a change of medicare payment policy on monday, release
eamon javers joins us now with the sordid details. >> reporter: what a coincidence. the timing of this story comes at the same time the government accountability office the gao here in washington released a new report on what's called the political intelligence industry and it's those firms that mine washington agencies, congress, all of the federal government apparatus here for details that they can then feed to traders on wall street to get ahead of the announcements of major...
714
714
Apr 23, 2013
04/13
by
CNBC
tv
eye 714
favorite 0
quote 1
thank you so much, eamon.er this month, of course, the securities and exchange commission announced that companies can disclose information via social media. a move that was applauded in many circles. but after today's incident, now the skeptics are coming out. they're saying twitter may simply be too vulnerable to a trusted source. >> joining us now, joe greco, he's on the floor of the exchange here with meridian equity partners. michelle kwan with michelle kwan and associates is a former director of the u.s. computer emergency readiness team. we'll talk with her in a minute. and our own melissa lee is here. melissa, i'll start with you. we had some traders telling me on the floor here, they got stopped out of this market. they're not happy about that, but it does point to a way that investors can protect themselves, just in case you get an event like this, right? >> absolutely. stop loss is the key, bill. it's free for investors. and what you do, you basically designate the price in which you want to sell se
thank you so much, eamon.er this month, of course, the securities and exchange commission announced that companies can disclose information via social media. a move that was applauded in many circles. but after today's incident, now the skeptics are coming out. they're saying twitter may simply be too vulnerable to a trusted source. >> joining us now, joe greco, he's on the floor of the exchange here with meridian equity partners. michelle kwan with michelle kwan and associates is a...
233
233
Apr 23, 2013
04/13
by
CNBC
tv
eye 233
favorite 0
quote 0
over to eamon javers. >>> a new development in the political intelligence agency here in washington.r that story from earlier in the month in which a political firm near d.c. called height securities sent an e-mail tip to a number of its wall street trading clients, advising them of some changes in the medicare program. those firms, in turn, traded on that tip. well, now we've got a development in the story, in the case of greenberg troug. they had a partner or lawyer there who was involved in the chain of communications here of this information. they are now saying they're getting out of the business of political intelligence altogether in the back of this situation. let me read you the statement here. they say, we have concluded that providing government relation services to an entity in the political intelligence area may lead to misunderstanding and unintended use of those services, even when compliant with legal and ethical standards. height is no longer a client and we will not represent such figures in the future. maria, there's no indication that greenberg traugig or height s
over to eamon javers. >>> a new development in the political intelligence agency here in washington.r that story from earlier in the month in which a political firm near d.c. called height securities sent an e-mail tip to a number of its wall street trading clients, advising them of some changes in the medicare program. those firms, in turn, traded on that tip. well, now we've got a development in the story, in the case of greenberg troug. they had a partner or lawyer there who was...
222
222
Apr 17, 2013
04/13
by
CNBC
tv
eye 222
favorite 0
quote 0
now that's coming into play in a very real way here on capitol hill. >> eamon, thanks very much.jafrs javers in washing. so josh lipton has today's winners and losers. josh? >> hey, there, bill. some notable losers in today's session. let's start with apple making a new 52-week low, slipping at one point below 400 bucks. analysts saying one catalyst for today's sell-off, that weak revenue forecast from apple's supplier, sirius cirrus logic. and bank of america also in the red. worst day for that dow component this year. posting profits and revenue that disappointed the street. and we were watching copper today, the red metal settling at the lowest level from 2011. freeport mcmoran down hard. fairway, priced at 13, above the range, open at 18 on the nasdaq, ticker fwm, surging some 33% in today's session. american express, the global financial services firm reported after the bell, beat on the bottom line, missed on revenue stock following in the after-hours. also reporting, ebay, the world's biggest online market place. first quarter revenue just missed, beat on the bottom line.
now that's coming into play in a very real way here on capitol hill. >> eamon, thanks very much.jafrs javers in washing. so josh lipton has today's winners and losers. josh? >> hey, there, bill. some notable losers in today's session. let's start with apple making a new 52-week low, slipping at one point below 400 bucks. analysts saying one catalyst for today's sell-off, that weak revenue forecast from apple's supplier, sirius cirrus logic. and bank of america also in the red. worst...
139
139
Apr 8, 2013
04/13
by
MSNBCW
tv
eye 139
favorite 0
quote 0
nbc's eamon mohyeldin is live. where are we at right now? >> reporter: let's start off with what began on friday and the small town outside of cairo there was a religious squirmish that quickly escalated into a gun fight in which four christians were killed. on sunday christian worshipers came to pay their respects and mourn the death of those in a large funeral procession at the main cathedral that turned violence. according to sources and eyewitnesses as that was wrapping up, the crowd of christian mourners came under attack by those throwing stones, molotov cocktails and they then in return opened fire on the crowds. the police came but the question on everyone's mind including lawmakers as well as the political opposition is why did the ministry of interior and police force not secure sunday's funeral procession when they knew it could be another flash point. the president said he launched an investigation and telephoned the pope, the patriarch and said all results would be made publicly but undermines the growing tension and eyes of the
nbc's eamon mohyeldin is live. where are we at right now? >> reporter: let's start off with what began on friday and the small town outside of cairo there was a religious squirmish that quickly escalated into a gun fight in which four christians were killed. on sunday christian worshipers came to pay their respects and mourn the death of those in a large funeral procession at the main cathedral that turned violence. according to sources and eyewitnesses as that was wrapping up, the crowd...
241
241
Apr 22, 2013
04/13
by
CNBC
tv
eye 241
favorite 0
quote 0
. >> eamon javers joins us from washington.e over the weekend and donohoe was emailing 40 million ebay users trying to get them revved up about it and obviously there's a lot of political heat around this potential vote. >> any time you can deliver grassroots mobile situation it helps here in washington and simon, you know a lot of stuff, but i guess there's one thing that you don't know and that is when you buy something on ebay or amazon or any one of these online retailers, you're supposed to pay the sales tax on it and you're supposed to keep track of it yourself and figure out what it is and pay it at the end of the year. most folks don't know that and most taxpayers don't pay that tax and retailers for years have been extraordinairily upset and this gives folks an unfair advantage. now they have a vote in the senate and what this bill would do is they would allow states to force retailers to collect those sales taxes even if the sales tax -- even if the sales were done online and they'll vote on this at 5:30 this afternoo
. >> eamon javers joins us from washington.e over the weekend and donohoe was emailing 40 million ebay users trying to get them revved up about it and obviously there's a lot of political heat around this potential vote. >> any time you can deliver grassroots mobile situation it helps here in washington and simon, you know a lot of stuff, but i guess there's one thing that you don't know and that is when you buy something on ebay or amazon or any one of these online retailers,...
147
147
Apr 23, 2013
04/13
by
CNBC
tv
eye 147
favorite 0
quote 0
as eamon javers said, this tweet when it came out, we were like, this doesn't look real, the language doesn't appear right. in i hacked into a big company's twitter feed, and i put out a tweet that looked real, used corporate-speak, maybe said we are missing earnings, and the stock tanks, that company may not discover that for a few minutes, and mom and pop are getting wiped out. if they sell and it's fake, how do they get their money back? you wonder if the s.e.c. maybe needs to rethink this. >> it's worse than that. you can set up a fake twitter account in the name of the company. the company may not know it exists. that gets picked up on the real twitter account or other people's tweets and has the same practical effect. >> i would really like to know going forward whether or not it has any impact on how much we use social media. i don't know if this is in your jurisdiction, but based on your experience where people are involved in some kind of activity, and then there's multiple accounts, say credit card fraud. i've been a victim of credit card fraud, i still use my credit cards d
as eamon javers said, this tweet when it came out, we were like, this doesn't look real, the language doesn't appear right. in i hacked into a big company's twitter feed, and i put out a tweet that looked real, used corporate-speak, maybe said we are missing earnings, and the stock tanks, that company may not discover that for a few minutes, and mom and pop are getting wiped out. if they sell and it's fake, how do they get their money back? you wonder if the s.e.c. maybe needs to rethink this....
117
117
Apr 2, 2013
04/13
by
CNBC
tv
eye 117
favorite 0
quote 0
eamon javers has what it means for the government-controlled company. the. >> it's a pretty astonishing turnaround in washington, of course, we all remember it being the epicenter of the 2008 financial crisis. let me walk you through the details. the ceo of the company said the 2012 results were terrific, and said they represent a turning point for the company. came in the fourth quarter, fannie mae says it's paid taxpayers billions in dividends since 2008. the company now respects to remain profitable. that raises a big question, which is what happens to fannie mae and the sister company. they were put into conservatorship, now will the movement toward housing reform and replacing fannie and freddie, will that be stalled as a result of these profits sort of taking the urgency out of the debate, particularly because this is a town that is drowning in red ink. fannie mae, ironically may represent one of the rare patches of black ink in a town that's otherwise consumed by debt. >>> well, they certainly have a the lo of of other things they could put to th
eamon javers has what it means for the government-controlled company. the. >> it's a pretty astonishing turnaround in washington, of course, we all remember it being the epicenter of the 2008 financial crisis. let me walk you through the details. the ceo of the company said the 2012 results were terrific, and said they represent a turning point for the company. came in the fourth quarter, fannie mae says it's paid taxpayers billions in dividends since 2008. the company now respects to...
161
161
Apr 25, 2013
04/13
by
MSNBCW
tv
eye 161
favorite 0
quote 0
eamon, as i understand it, the united nations team that wants to investigate is stuck in cyprus and hasn'tn able to get into syria. there are reports that refugees who fled from syria have had sarin detected in their hair. is that right? >> that's correct. in fact, there have been a lot of anecdotal evidence so far gathered through various names that substantiated the claims chemical weapons have been used including interviews with field hospital doctors who have seen these things, as you mentioned as well, evidence popping up among the refugees fleeing some of these areas. there is substantial claims being made and that is being also confirmed by the various intelligence gatherings. >> kristen, the white house's office of legislative affairs sent a letter to senators. it reads as follows. "given the stakes involved and what we've learned from our recent experiences intelligence assessments alone are not sufficient. only credible, corroborated facts that provide us with some degree of certainty will guide our decision-making." that's a direct reference, is it not, to 2003 and iraq? >> repo
eamon, as i understand it, the united nations team that wants to investigate is stuck in cyprus and hasn'tn able to get into syria. there are reports that refugees who fled from syria have had sarin detected in their hair. is that right? >> that's correct. in fact, there have been a lot of anecdotal evidence so far gathered through various names that substantiated the claims chemical weapons have been used including interviews with field hospital doctors who have seen these things, as you...
237
237
Apr 8, 2013
04/13
by
CNBC
tv
eye 237
favorite 0
quote 0
eamon javers is here this morning. >> good morning.ess ees as we speak. it is being printed just a couple of blocks from here in the bureau in washington. the president will not release the budget formally until wednesday, but we're getting an early look at the hard bound copies and it makious wonder why they print up the old-fashioned hard cover copies, but they're doing it today and we'll get a look at what the president says on wednesday, but we know the details of what's in there including a potential proposal by the president of what they call chain cpi which is a limit on social security payouts to beneficiaries there. that's something that has gotten at least some republicans to say they're at least encouraged by what the president is offered here and it's making liberals very nervous. lindsay graham, the republican senator who might be key to a big-bargain deal said on "meet the press" saying barack obama is showing a little leg here with this budget proposal. carl, we're watching these coming off the press and we'll get a look
eamon javers is here this morning. >> good morning.ess ees as we speak. it is being printed just a couple of blocks from here in the bureau in washington. the president will not release the budget formally until wednesday, but we're getting an early look at the hard bound copies and it makious wonder why they print up the old-fashioned hard cover copies, but they're doing it today and we'll get a look at what the president says on wednesday, but we know the details of what's in there...
418
418
Apr 16, 2013
04/13
by
CNBC
tv
eye 418
favorite 0
quote 0
. >> eamon, thank you for clarifying. >> goldman stock up $2 after the company not quite the way it usedused to blowout numbers. 4.29 the first quarter versus 3.88 on $10.09 billion. >> beats revenue at 9.7. 6.72 billion. it was 36% higher. you have the tier one, basel and all of this other metrics coming back. it was 7% lower, 3.22 billion. >> they talked about how they're pleased. this is interesting. we have heard from the big financials as they have been reporting earnings. potential for macro economic stability was felt in the quarter. they said they're going to continue to be focused on controlling our costs. they don't expect the turn. >> one other point to learn. >> it was a good call given where this came out. they were looking at one of the big numbers is the investing and lending number. it includes goldman sack's stake in icbc. the revenue $2.07 billion, much higher than people were expecting. a lot of folks on the street. >> 50% lower. >> shall we talk about it? it's always the topic people enjoy. some people on the street. you. >> me and other people. >> all right. go ahead
. >> eamon, thank you for clarifying. >> goldman stock up $2 after the company not quite the way it usedused to blowout numbers. 4.29 the first quarter versus 3.88 on $10.09 billion. >> beats revenue at 9.7. 6.72 billion. it was 36% higher. you have the tier one, basel and all of this other metrics coming back. it was 7% lower, 3.22 billion. >> they talked about how they're pleased. this is interesting. we have heard from the big financials as they have been reporting...
265
265
Apr 24, 2013
04/13
by
CNBC
tv
eye 265
favorite 0
quote 0
. >> you know, interesting, of course, you've done so much work on this, eamon, as well as i have.de in, somebody that works at a.p., they got a lot of fshing going on there. you never know. somebody stole a password or they were able to get one as a result of a phishing expedition, p-h is what we talk about when getting data. >> it looks like an innocuous email that might have come from somebody you even know. they might not have any indication that they were the ones who triggered this because you can click on a link. it doesn't go anywhere. and you delete it and move on and you don't have any evidence necessarily as the user that it was your computer that was hacked so it will be a lot of work for the a.p. to go through this forensically and figure out what happened and then to see if they can trace it back to whoever the bad actor was. a lot of questions about twitter, the media and high frequency trading on the market and why is it that they're programmed to trade after one tweet. why don't they wait for some other verification before trading? >> the financial markets are beco
. >> you know, interesting, of course, you've done so much work on this, eamon, as well as i have.de in, somebody that works at a.p., they got a lot of fshing going on there. you never know. somebody stole a password or they were able to get one as a result of a phishing expedition, p-h is what we talk about when getting data. >> it looks like an innocuous email that might have come from somebody you even know. they might not have any indication that they were the ones who triggered...
280
280
Apr 2, 2013
04/13
by
CNBC
tv
eye 280
favorite 0
quote 0
eamon javers will explain.t of money at fannie mae $17.5 million. >> all of a sudden, a big turnaround story at fannie mae and they have back years of tax losses, but they're not going to take that even though it will be profitable here for the foreseeable future and let me walk you through what the company said in its call. the 2012 results were terrific and that they were a turning point for the company annual net 7.6 billion just in the first quarter and they've paid back $20 ooh on it expects to remain profitable here for the foreseeable future and they said on this call that this is an indication that the housing recovery is well under way and all of these good results for fannie mae raise a question which is what is congress going do about the gses and the federal involvement in the housing market. there was some concern raised by fannie mae on this call that the ironic result here could be that because of the good result, congress may actually slow down its efforts at some kind of housing reform legislat
eamon javers will explain.t of money at fannie mae $17.5 million. >> all of a sudden, a big turnaround story at fannie mae and they have back years of tax losses, but they're not going to take that even though it will be profitable here for the foreseeable future and let me walk you through what the company said in its call. the 2012 results were terrific and that they were a turning point for the company annual net 7.6 billion just in the first quarter and they've paid back $20 ooh on it...
278
278
Apr 24, 2013
04/13
by
CNBC
tv
eye 278
favorite 0
quote 0
are now investigating and cnbc's eamon javers is in washington with the latest. what's going on with this? >> good morning, andrew. it was a bizarre couple of minutes yesterday in washington and on wall street. it began about 1:07 p.m. here's the fake tweet posted to the ap twitter feed. breaking. two explosions in the white house and barack obama was injured. look at what it did to the dow jones. down 143 points and back up again in the space of just about three minutes. a lot of this attributed to automatic trading augu. a few minutes later the white house briefing was set to begin and by tradition ap reporter gets the first question and in this case she took the opportunity to clear up the situation explaining to the rest of the media folks watching just what had gone on. take a listen. >> i just want to say at the top that it appears as though ap's twitter account has been hacked so anything that was just sent out about any incident at the white house is obviously false and we'll put out something shortly. >> i appreciate that. i can say that the president is
are now investigating and cnbc's eamon javers is in washington with the latest. what's going on with this? >> good morning, andrew. it was a bizarre couple of minutes yesterday in washington and on wall street. it began about 1:07 p.m. here's the fake tweet posted to the ap twitter feed. breaking. two explosions in the white house and barack obama was injured. look at what it did to the dow jones. down 143 points and back up again in the space of just about three minutes. a lot of this...
159
159
Apr 10, 2013
04/13
by
CNBC
tv
eye 159
favorite 0
quote 0
it may not have passed any documents on that golf course, but eamon quartered to get this ahead of time>> all he had to say looking good or not looking good to whoever the third party was. >> we don't know who the third party was. >> that he was deriving dinners, cash, a number of other things. insanely stupid. >> what a great call to have the skechers information. to have this upgrade ahead, basically that's what you had. what would you do for that? w wow! take him out to dinner or a couple of johnny walker blacks. >> you better go blue. >> the guy became cheap. >> yeah. feds got on to this so there must have been trading they noticed and it was a round of speculation. >> if it's the fbi they obviously will accept the apology and move on. hey, get a lawyer. >> how about the reaction in the stocks yesterday was so different after this whole thing unfolded, right? skechers went up and herbalife went down and it sort of tells you what's been going on. >> it's a huge undertakinging for them to have them and they've got an annual meeting coming up and a lot of costs and kpmg will definitely
it may not have passed any documents on that golf course, but eamon quartered to get this ahead of time>> all he had to say looking good or not looking good to whoever the third party was. >> we don't know who the third party was. >> that he was deriving dinners, cash, a number of other things. insanely stupid. >> what a great call to have the skechers information. to have this upgrade ahead, basically that's what you had. what would you do for that? w wow! take him out...
110
110
Apr 17, 2013
04/13
by
CSPAN
tv
eye 110
favorite 0
quote 0
before the intelligence community said that often the private parties are in the best position to eamon mize the data. the data. anomoize mr. speaker, without an amendment to ensure that companies remove private information when they can do so, when they can do so through reasonable efforts, i cannot support the underlying bill. i believe that members of both parties who support this change deserve the chance to vote on it. and i suspect that because that issue would have gathered broad support, it is not being brought up for a vote here on the floor and that is very disappointing. accordingly, i urge a no vote on the rule and yield back. i thank the gentleman for yielding. the speaker pro tempore: the gentleman from georgia. mr. woodall: mr. speaker, i yield myself 60 seconds to say i agree with my friend, that the private sector is often in the best position to get the work done that we're talking about in this bill. i would refer my colleagues, mr. speaker, to the intelligence committee's website. it's tedges.house.gov, where you can see a long list -- it's intelligence.house.gov, wh
before the intelligence community said that often the private parties are in the best position to eamon mize the data. the data. anomoize mr. speaker, without an amendment to ensure that companies remove private information when they can do so, when they can do so through reasonable efforts, i cannot support the underlying bill. i believe that members of both parties who support this change deserve the chance to vote on it. and i suspect that because that issue would have gathered broad...