eamon javers has more. >> well, susie, this comes from the private firm crowd strike.they are looking at the people's liberation army called unit 61486 is the designation in the chinese military which operates out of shanghai. and what crowd strike says is this unit is designed entirely to go out and steal, and otherwise trick executives at high-powered u.s. space and defense consulting firms and those in europe to give away their secrets. and in that way to increase china's economic edge over the united states. and what the idea is here, the crowd strike is going through and giving us new detail about how this unit operates including tracing down some of the individual members of the chinese military they say are part of the unit and actually pulling some of the social media posts down. you have actual pictures of chinese soldiers at their own birthdays and things. and crowd strike says these are the guys responsible for this particular strike. >> you know we have been talking about cyber issues out of china for quite a while and a lot of hacking. how does the u.s. ha

eamon javers, that's his beat. he is there live. >> a real focus on payment for order flow, and the rebates that stock exchanges pay to brokers in order to steer some of the trades their way. a real question today over whether that is a conflict of interest. td's -- td aamerica trade's stitch quirk testified as part of this hearing today. he made the argument that some of these conflicts of interest are inherent in the system, but they can be managed. take a listen. >> we strongly believe that compliance with best execution obligations and proper disclosure brokering can effectively manage any conflict that may arise from payments. furthermore, we strongly believe that we effectively manage any such conflict. >> carl levin, who chairs this committee, says there's a real question about how exchanges are handling this information. and raised questions about what ought to be done to reform all of this. really focusing on that question of whether or not these payments should be made at all, sue. >> eamon, thank you ver

our eamon javers is there, too. eamon. >> we're here at the beautiful country club in bethesda, maryland, where tiger woods is making a very big comeback after back surgery. this is his first event back. we saw him tee off earlier this morning, but there's a lot more at stake here than just golf. a lot of business, dollars and cents on the line as well. i'll tell you all about it when we come back. ♪ [ female announcer ] we love our smartphones. and now telcos using hp big data solutions are feeling the love, too. by offering things like on-the-spot data upgrades -- an idea that reduced overcharge complaints by 98%. no matter how fast your business needs to adapt, if hp big data solutions can keep wireless customers smiling, imagine what they can do for yours. make it matter. >>> let's get over to dominic chu who is watching go pro's ipo. where are we now? >> the overall picture for what's happening with go pro shares, it's up about $31 right now, so that's a 29% gain. though shortly right after the open, about seven

let's bring in eamon javers. the liability issue looms large here. how do big companies who drive trucks protect themselves and the public. >> that's the real question and the short answer is it's complicated. once these accidents happen, the lawyers immediately start to look right at the scene of the evidence for evident about who was responsible here. obviously all eyes will turn to walmart in this case. we had a statement from the president of walmart, saying the facts are continuing to unfold. if it's determined that our truck caused the accident, walmart will take full responsibility. but making that democratation can be tricky. the liability in these instances can be divided among the driver, the company involved, and any third-party contractor. obvious times large companies will hire independent contractors to run the routes for them. not clear whether that happened in this case or not. the lawyers will start typically with a placard right on the truck that discloses who has the insurance coverage in this case. that's the first place they'll g

i'm eamon javers in washington.lawsuit on behalf of the house of representatives against president obama saying he failed to execute the laws. at issue here is a series of executive actions that the president has taken through the course of this year and particularly a number of tweets to obamacare that the president has made unilaterally. house republicans believe that is above and beyond the president's authority. there's a real issue of straining executive authority. the speaker of the house said i believe the president is not carrying out the laws of our country and i think standing up and fighting for this is in the best long-term interest of the congress. >> all right. eamon javers, thanks for that. >>> the world cup is captivating the globe this month but check out this soccer match. tonight is a steve nash foundation showdown. a celebrity soccer match held annually in new york city to benefit the charity. we're joined by back-to-back nba mvp, los angeles laker and founder of the steve nash foundation, the on

i'm eamon javers in washington where we are seeing for the first time a large and significant class actioniled in the united states district court for the southern district of new york. this is a class action lawsuit filed against 13 different stock exchanges on behalf of one customer, a harold lanier. it's been filed by a raft of prominent lawyers, including at least one of the lawyers who was involved in the massive tobacco settlement back in the late 1990s. what lanier and the lawyers are alleging in this case is apparently the exchanges violated contracts with their customers by providing high frequency customers preferred access to data. let me read you a little bit from this complaint which was filed back on may 22nd but is just becoming public this afternoon. they're saying that the subscribers paid hundreds of millions of dollars in subscription fees to the exchange defendants for the provision of data in a nondiscriminatory matter. nonetheless, the exchange defendants the lawsuit says breached the contracts by depriving the subscribers of the value for which they had contracted. t

eamon javers is here to tell us. >> hi, tyler. lots of media reports out there, lots of speculation about the $12 billion settlement figure. what i can tell you is i'm not getting any indication that any settlement is imminent in the near term, but that said, there are discussions ongoing, bank of america has disclosed that going back to the march time frame. what we are looking at here is a potential $12 billion settlement, but take that with a bit of a grain of salt. some of that settlement could go to the customers who were affected here in terms of owning the mortgages that went south. others would go as a fine. the breakdown of that still not determined at this point. the settlement dade is not determined. it would be an enormous filling. obviously there's a lot of details. i've never been in a room where you're sitting across the conference table negotiating over billions of dollars, but that's what's going on behind the scenes. we'll get some send of what exactly the settlement is and who gets all that point, tyler. it woul

eamon javers has the latest. >> the new report comes from crowd strike, a private internet security consultlingirm. they have released a lot of new details on one of the units of the chinese military that crowd strike says is response for a lot of hacking attacks against the united states. this particular unit is likely behind attacks on space and satellite firms, using in many cases face e-mails, including one that had a bog us yoga brodeur, designed to entice people to click on that and then activate mall ware. they're known as 61486, identified as being based in shanghai. because they were able to get the i.p. addresses and e-mails associated with the hacking attacks, they were able in this report to go through and trace back some of the attacks to the actual members of the chinese military unit allegedly who participate indeed it. then they got their facebook and chinese social media postings from some of those members of the unit, including this one. these are party pictures of a guy who they say is part of this chinese military unit involved in cyberhacking. there he is at his birthday pa

cnbc contributor howard dean joins me on set along with stephanie link and sharon epperson and eamon javersom washington and brian kelly will join us with his thoughts on the trading session. first of all, welcome to all of you. is this the beginning of a bigger move downward? what is everybody saying? what's your gut feeling? >>.07% off an all-time high for the s&p so we need a deep breath. not in panic mote mode by any stretch of the imagination and what happened today is you have concerns about washington, political gridlock. you have the world bank lower their global growth rate, right and some of the leadership like boeing and some of the airlines really take a dive. now a dive, again, 2% off of highs is certainly nothing really to be a worried about. i still think the u.s. economy is in very good shape in terms of recovering. encouraged to see energy and health care be leaders today. we tubing advantage and bought some financial and industrials but i think the economy is certainly getting a little bit better. the u.s. is definitely on the right track, i think. >> taking a breather is

eamon javers on capitol hill. >>> pete najarian, another unusual story heat highlight later on in the show as we normally do our segment. >>> take a look at averages. s&p 500, 42 straight days without a 1% move? believe that? the longest string since 1995. take a look there. the s&p up a couple of points. the dow, got the fed meeting of course, front and center. so everybody's kind of keeping a close eye on that. along with the ongoing situation and the developing one and the uncertainty around the developments out of iraq. that as well. edwards life sciences, etrade, charge schwab among the big movers today. a few names hitting all-time highs, sandisk, dr. pepper, snapple as well. >>> coming up on "the half", destructor 50, out today. we'll find out which names in your portfolio could be in the cross hairs. live to iraq for the latest developments on the situation there, and one of the world's top golfers will join us a little later on as well. jason day is about to tee off in the traveler's championship. first, however, he'll talk to us live about the business of golf, and, oh, yeah

i'm eamon javers in washington where we are seeing for the first time a large and significant class actionen filed in the united states district court for the southern district of new york. this is a class action lawsuit filed against 13 different stock exchanges on behalf of one customer, a harold lanier. it's been filed by a raft of prominent lawyers, including at least one of the lawyers who was involved in the massive tobacco settlement back in the late 1990s. lanier and the lawyers are alleging in this case that apparently the exchanges violated contracts with their customers by providing high frequency customers preferred access to data. let me raud you a little bit from this complaint which was filed back on may 22nd but is just becoming public this afternoon. they're saying that the subscribers paid hundreds of millions of dollars in subscription fees to the exchange defendants for the provision of data in a nondiscriminatory matter. nonetheless, the exchange defendants breached the contracts by depriving the subscribers of the value for which they had contracted. they did this, th

eamon javers has those details. eamon? >> scott, that's right. now from congressman jeb hensarling from texas. he's saying he's not going to run for republican majority leader to succeed eric cantor who announced yesterday he'll be stepping down. the election will be late last week among house republicans, and this is now shaping up to be a battle between the majority whip, currently kevin mccarthy, and then also the house rules committee chairman pete sessions is running. jeb hensarling was one that a lot of folks were watching, particularly wall street lobbyists because he's the chairman of the house financial services committee, and of course if he had left that committee in order to run for majority leader that would have set off a scramble that would have been closely watched among wall street lobbyists here in town. now hensarling presumably stays in that position. that locks down that race. and now we have what looks like a two-man race for majority leader next week. it's still very unsettled, though. still at least some possibility that o

eamon javers has more. >> hi, david. this is senator carl levin and senator john mccain.s is the senate subcommittee on investigations. they dive into various issues, a squadron of investigators on staff there. today they will hear from brad katzyama of iex. they are also going to hear from thomas farley, president of the nyse. also joseph ratterman from bats global markets. obviously katsuyama had a lively debate on our air. they will testify on different panels. representatives of the vanguard group and td ameritrade. what the panel is focused on is payment for order flow. whether or not it's a conflict of interest for exchanges to pay brokers to steer trade toward their exchange even though brokers have an obligation under the rules to find best execution for clients. that will be one of the things they are looking at here. also the maker, taker rebate system will be another thing the committee will be examining closely. a lot to keep an kwie on here. we'll bring you updates as the hearing gets under way. >> thank you. we haven't talked about high frequency trading. we

eamon javers, what year is it?> reporter: kelly, look, for a president who campaigned on getting out of iraq and who in fact ended the war in iraq, this is a very strange moment here at the white house because just within the past half-hour or so, we heard that the vice president had called the iraqi prime minister, nuri al maliki, and told him the united states tans ready to intensify its security operation with iraq. the president very of much leaving the military option on the table. take a listen to the president. >> in our consultations with the iraqis, there will be some short-term immediate things that need to be done militarily, and our national security team is looking at all the options. >> reporter: now the white house was quick to clarify that all the options that the president said there doesn't in fact include u.s. ground troops on the ground in iraq as jay carney, the white house spokesman came out later and saying really what he was talking about here is the possibility of u.s. air strikes in iraq.

eamon javers is in washington watching the developments. >> yeah, considering, carl, here the presidentpeaking about developments in the ukraine a day before he's going to be in normandy, france, celebrating the 70th anniversary of the d-day landings. vladimir putin will be in normandy. not clear whether they'll see each other or interact in any way at that event coming up tomorrow. but important in terms of national leadership here for the president, waving the u.s. flag overseas and at normandy tomorrow. one of the questions is, how is u.s. foreign policy going to undue what's happened in the ukraine? the president laying out a series of conditions here not clear what happens next, though, carl. very uncertain situation. >> we'll see what other statements bring us throughout the course of the day. eamon, thanks a lot? thank you. >> david? >> i want to move on now to a merger and acquisition story we've been following, my god, it's been years basically. if you recall when we first reported way back when on softbank's interest in buying sprint it included originally in those discussions

. >> rick, it's eamon javers here.on full time, so we've spent a lot of time covering obamacare, and i know your study might not have gotten into some of the effects we're starting to see, but the purpose of the obamacare national experiment was to bend the cost curve of health care, and i'm wondering what you're seeing on the cutting edge. are you seeing that cost curve starting to get bent as a result of what this country has done or is that not happening in the real world? >> we're very optimistic about some of the foundational things that are happening in the industry. some of the things around risk-based payments and those types of experiments, as you call them, that are going on in the industry, are really starting to bear fruit. when we talk to hospital executives, they're embracing this and preparing for a world that's going to be shifted away from fee for service and more towards these risk-based types of schemes. so, we're encouraged by that. i think we're also encouraged by the focus within the industry arou

. >> today eamon javers joins us on set. >> the import bank and the fate of it all fueled really yesterdayory in the "wall street journal" sucking that fourer, port officials have been removed over allegations of checkbacks and gift acceptance, improper gift acceptance, that's fueling the debate over whether or not the united states should have had an export, import bank. it is up for reauthorization at the end of september. you are seeing an interesting coalition of tea party opposing the obama administration who both argue we have to have an export import bank, it spoers boeing, cater pillar and others. they arc you it creates more american jobs. here's the white house press secretary. the new white house press secretary josh ernest yesterday defending the export import bank. >> the numbers speak for themselves, the tangible impact that the xm bank nas our economy in job creation is reason enough tore congress to act in a bipartisan passion as they have many times to reauthorize the zblampg what is fascinating about this political moment right now the xm bank has been one of those votes

eamon javers has the details. >> reporter: that's right, remember, lois lerner declined to testify oning her fifth amendment rights, saying she's not going to offer any answers to questions that republican investigators want. so, that's why they're anxious to see these e-mails and that's why they're so frustrated with friday night's news from the irs that, in fact, the irs has lost e-mails from lois lerner from january of 2009 to april of 2011, citing a computer crash on her computer that she used at the irs. the irs is defending itself, saying it's made unprecedented efforts to get information to congress. they say they've produced over 750,000 pages of documents and 250 irs employees have been working more than 120,000 hours and the investigation internally has cost the irs nearly $10 million. all of that an effort, they say, to produce some of these e-mails and documents that the committee wants to see. meanwhile, up on capitol hill, you can imagine republicans very, very skeptical here. ways and means committee chairman dave camp said, "because of this loss of documents, we are co

eamon javers has the details furs first on cnbc. >> reporter: this detail will come out later this morningash u.s. companies are keeping in tax havens offshore. take a look at some of the findings. they're looking at fortune 500 companies and say 72% of fortune 500 companies or 362 companies operate subsidiaries in tax havens. they also say that profits of u.s. multinationals claimed in bermuda were 1,643% of bermuda's gdp. profits of u.s. multinationals that were claimed in the caymans were 1,600% of the cayman gdp. they also cite a couple of specific companies here in this report, saying that bank of america has 264 subsidiaries and tax havens, more than any other company. pepsi, they say, maintains 137 subsidiaries and tax havens, holding $34.1 billion there. pfizer operating 128 subsidiaries and tax havens, holding $69 billion there. this all, again, according to u.s. pirg. we had a chance to talk to some of these companies last night. pepsi told us they comply with tax laws everywhere they do business. bank of america says, bank of america takes its role as a corporate american citize