eamon javers has been covering this story since we first learned of the surveillance program and the global reaction. eamon, did edward snowden, if anything, give china an excuse stop using american companies? >> reporter: absolutely. there's reasons why china might want to stop using american companies and push some of the business to its own domestic industry but the snowden disclosures give them a good reason to do that from china's perspective. from beijing, why import all the gear that might be contaminated with nsa hardware or agreements between the nsa. if you can build it at home and buy at home makes a lot more sense for the chinese. american companies have a lot to lose in all of this. >> absolutely. it's going to have a big impact on the bottom line but it seems if a lot of it goes to what you were just mentioning and that is over the past few years, china has really ramped up its focus on creating its own technology companies. >> reporter: yeah. that's right. and don't forget sue, this concern goes both ways. american government agencies have had concerns about wild way an

our eamon javers spoke with the assistant attorney general for the national security and joining us from washington with details on that. good evening, eamon. >> reporter: good evening, sue. i spoke to john carlin at the expect department of justice earlier today. the message for wall street is that spies are out there and that multiple foreign intelligence services are operating intelligence operations on wall street right now. i asked him what they're trying to gain by all of this. here's what he had to say. >> they want to figure out if there are ways in the short-term it may be individuals who work with an intel service but have a private motive and want to make money off what they learn from the stock exchange like regular crooks. could be they're mapping it out. in the event one of the nations as a conflict with the u.s. they could disrupt what we value greatly, our financial sector. it's security. and third, just be general intelligence to inform the strategies of our adversaries. >> reporter: and sue, carlin also said he wants wall street ceos to work with the fbi and the departm

eamon javers has b looking into that and joining us from washington. eamon, if that hack attack was done by cyber criminals, in general, what could this information be worth? >> reporter: health information is more valuable on the internet black market than even credit card information. i've been talking to cyber security experts today who say you can sell health records online on the black market between $25 and $250 each. that compares to credit card numbers that go on the black market between $1 and $5. a lot more and insent vises the hackers to go out and get just this kind of data. >> when you say health info what are you talking about here? are you talking about my cholesterol count or my medical history or the personal information that is attached to those files? >> reporter: it's all that personal information you use in a medical record that you file an insurance claim. a lot what's happening here tyler, is they file false insurance claims and that's where the profit comes in for the criminals. they're out there filing totally bogus claims or se

. >> eamon javers has more from washington now on this new cyber security initiative so eamon, how is this new cyber center going to be different from the cyber defenses that the government has now? >> reporter: that's the key question here sue. in one way, it has a new name. called the cyber threat intelligence integration center and that word integration, is sort of the key here. the u.s. government has a lot of cyber monitoring devices and centers right now in place. in fact president obama last month went to a cyber center at the department of homeland security. this one though is in charge of integrating the intelligence coming from all the different apparatus. the fbi, nsa, different parts of the national intelligence infrastructure. that will be a one-stop shop for government officials in figuring out what's going on in cyber space. >> governor everett tried anything like that before? >> reporter: they have. they're modelling this on the anti-terrorism side of the front. by having an integration center where they pull all of this information together and send it to government o

for "nightly business report," i'm eamon javers in rockville, maryland. >>> well farmers are buying less equipment and that is weighing on john deere and that is where we begin tonight's market focus. the tractor maker lowered sales outlook predicting the stronger dollar hurts sales already suffering from a slump in machine demand. this is declines in cuts in tax incentives make farmers less inclined to buy new gear. despite the warning, results did top estimates and that's one reason why. shares up to $93.43. ann said in a regulatory filing that it was reviewing its strategic options. shares popped almost 5% to $36.76. oil and gas slashed capital budget to cut back production plans for the year amid tumbling energy prices. the company also swung to a loss in the fourth quarter. still, the stock was up more than 1% to $28.06 today. rough day for shares of rocket fuel. the digital ad company loss widened sharply in the fourth quarter as costs surge that offset higher revenues. shares plunged almost 27% to $10.82. >>> call it the new industrial revolution. billions of dollars spent on maki

but as eamon javers reports, some big tech ceos were no-shows. >> reporter: a clash of cultures today at stanford university in tech sentron silicon valley for the summit. some of the biggest names in technology were conspicuous no-shows including ceos of facebook google and yahoo. continuing fallout from the edward snowden spying revelations. despite that tension between the east and west coast, the president signed an executive order to encourage more cooperation between the private sector and government. and he told his audience the country needs to come together to deal with a common problem. >> foreign governments and criminals are probing these systems every single day. we only have to think of real life examples. air traffic control system going down. and disrupting flights or blackouts that plunge cities into darkness. to imagine what a set of systemic cyber attacks might do. this is also a matter of public safety. >> reporter: also here tim cook the ceo of apple. >> if those of us in positions of responsibility fail to do everything in our power to protect the right of privac

as eamon javers reports, the vote itself was divisive and contentious. >> this is what democracy looks like! >> reporter: it was the end of a long hard fought battle over the future of the internet as the fcc commissioners voted 3-2 to pass new rules that would block internet companies from charging more money to certain web sites or slowing speeds for others. >> the ayes have it. >> reporter: before a standing room crowd, the fcc for the first time voted to regulate the internet like a utility and to enforce so-called net neutrality. the fight pits some big content producing firms like netflix and twitter against some of the big internet broadband service providers like comcast and time warner cable. it's also provoked sharp division here on the commission itself. >> internet has become a powerful force for freedom here and around the world. so it's sad to witness this morning the fcc's unprecedented attempts to replace that freedom with government control. >> reporter: but the deciding vote came from fcc chairman tom wheeler who had been prodded along by president obama earlier this

eamon javers in washington. that anthem hack isn't just another hack. being promised and it's heating up "the hot list." also new balance betting big on soccer taking on nike and adidas. we will talk to the ceo of the athletic shoe company about the soccer deal expansion and, oh, yes, wearables, after this. they're coming. what do i do? you need to catch the 4:10 huh? the equipment tracking system will get you to the loading dock. ♪ there should be a truck leaving now. i got it. now jump off the bridge. what? in 3...2...1... are you kidding me? go. right on time. right now, over 20,000 trains are running reliably. we call that predictable. thrillingly predictable. the real question that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. >>> it was a huge week for wall street, even

eamon javers spoke with the department of justice assistant u.s. eral for national security john carlin. eamon. >> i talked to john carlin this morning in the wake of that russian spy ring takedown just last week. the department of justice now has a new warning for wall street saying that foreign intelligence services are active on wall street and they want the secrets inside wall street firms. i started by asking carlin just what those russian spies that were busted -- alleged russian spies that were busted last week were looking for. take a listen. >> they're trying to map out everything they can about how the stock exchange works and to gain financial intelligence and they're trying to do that for a variety of purposes but the message to our firms ought to be clear. they want what you have. >> what other foreign intelligence services are active on wall street? >> so i'm want going to name the names of the other foreign intel services, but i will say it's not just the russians. >> if you can't name the names, how many do you think are out there? >

bertha coombs joins us with the latest as does eamon javers. bertha? >> this could be one of the largest breaches ever of a health care company. anthem officials say they discovered it themselves a week ago today and contained it and alerted authorities. personal data of as many as 80 million current and former anthem customers and employees was accessed including social security numbers which are gold for identity thieves, e-mails, physical addresses, but no medical data appears to have been stolen. the ceo personally apologizes on a dedicated website that handles the breach saying the company's working with the fbi and others and is promising free credit monitoring and identity theft services. as the nation's largest blue cross operator anthem has more than 37 million current customers in 13 states and in a more consumer oriented market, winning back trust is key. >> it is a crisis. they have to manage this properly. they have to assure their customer base that they are taking this very seriously, they do have the fbi looking for the very targeted se

eamon javers to flip this back to you, i'm sorry, eamon is clear, bring it back to you, is that one of main concerns here about who ultimately as you say, you know, we have to assure we don't stump the industry, when you get robbed you call the police, talk about the equivalent as you see it? >> yeah. the point -- what we have today when you get robbed you call the police, a cyber threat you call the fbi, the fbi says you want to talk to private folks to help you. we need a better way of addressing that. the answer cannot be put the liability on the software maker. that's like saying i'll put it on rolex if the watch gets stolen rolex is responsible. that doesn't help us. >> is this going to be the domain of the big players who are already well capitalized like the names we've mentioned already or still room for start-ups to move in? >> plenty of room. i mean there's a lot of innovation waiting to happen. there's great companies like palo alto networks and fireeye leading the way but a lot of the really interesting things are still happening, the start-up stage. we have companies like

back to eamon javers at the nasdaq surveillance site.would call it looking for fraud and high frequency trading. i don't know if i'm telling tales out of school but you were responding to what the gentleman was talking about of what they were finding and the actions they were bringing against companies. >> i was shaking my head a little bit listening to ed knight because i'm sure they have sophisticated systems but given everything we heard in the loost last year 15 cases in three years and fines in the order of magnitude of millions sountz low sounds low to me. have you heard that from other market watchers you talk to? >> one of the big criticism of self regulation and self monitoring by the exchanges is they have a built in conflict of interest that's difficult to get around. a lot of folks they're monitoring are their customers. outsiders will question whether or not nasdaq is doing enough or built to do enough to monitor their own customers and potentially damage its own profits. i asked ed knight about that and what he said is they

let's bring in eamon javers, who is by force or by will becoming our corporate security and hacking specialisthe last couple years. eamon, why -- week after week now, this kind of stuff is happening. what is going on? >> part of it is basic economics. this is black market economics. turns out that health care records are a lot more valuable to the hackers when they sell them on the black market than other data including credit card records. i talked to the smart folks at phish labs who monitor this stuff and they tell me a health record now can be sold on the black market on the internet for between $25 and $250 per record and that really depends on the level of involvement of the data, how much other data they can link to the health care record like your credit card information. the credit card data only sells for about $1 to $5 a pop. the health care data they stole allegedly in the recent hack much more valuable. what do they do with it? turns out a lot of it is insurance fraud including things like crooks filing basic false claims with insurance companies using the data that they have stol

our eamon javers in california. white house senior adviser valerie jarrett, speaking with us in the next hour of the show reacting, of course, to all of this. be sure to catch that one coming up. >> just about 20 minutes to go before the closing bell. the dow jones industrial average is just off its high here and the important thing is we're looking at the s&p 500 as of now we are set to close at historic highs. >>> up next tech picks you can't afford to miss. wall street's top pros name names of what they're buying. >> later when jamie dimon talks everybody listens. wait until you hear dimon thinks we should get young people ready for the workforce. >>> plus our all-star panels weigh in on whether his ideas will gain traction. and i get a lot in return with ink plus from chase. like 60,000 bonus points when i spent $5,000 in the first 3 months after i opened my account. and i earn 5 times the rewards on internet, phone services and at office supply stores. with ink plus i can choose how to redeem my points. travel,

eamon javers in washington. >> hi, carl. op-ed appearing in "wired" magazine on wired.com right now in the op-ed, ftc chairman tom wheeler is going to use his au thoorts to propose regulating the internet under title 2 authorities of the fcc. that's been a long anticipated decision triggered by some comments publicly that president barack obama made back in november. now, the fcc saying that they will use this regulation to enforce net neutrality. on the surface that would appear to be a win for the internet companies and not so much for the internets service providers but an important nuance here, in the op-ed, wheeler saying he wants to modernize title 2 so that it doesn't have onerous repercussions for the companies in the business of providing broadband service and is going to apply it to mobile as well. so a lot of new nuance here in the op-ed and obviously something that a lot of people need to start taking a look at, carl. >> very interesting. eamon. we were looking at the stocks moving on the back of this. major cabl

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. >> eamon javers thank you. eamon in washington.th credit agency firms since the crisis. andrew stultman says not nearly enough. andrew, good to see you again. so nothing has changed? >> no, no nothing has changed. look, this is nothing more than a slap on the wrist for the rating agencies. it is literally a cost of doing business. and you know what business wouldn't give up one year of profit to be able to keep 20 or 30 years' worth of profits. this activity was very profitable for s&p and nothing is going to change. it truly is just a slap on the wrist, kelly. >> david, we should mention mcgraw-hill shares were up 3.5%. moody's as well up 3% and they may be coming next in terms of the settlements because a lot of this is is it just retaliation for downgrading the u.s. government. >> i want to know when is the government going to get its fine for the late 1990s and perhaps even today when we put individuals into homes that they can't afford? and the federal government had a huge part in that effort in the late '90s and they're star

cnbc's eamon javers is in washington with the latest. >> i had a chance a few minutes ago to ask lisae house advisor on terrorism and homeland security. i asked her about that forbes.com reporting, which forbes said that its website was hacked and people who were the readers of that website were being targeted. she said she didn't have enough information to tell us anything specifically about it, but that is the type of attack where the hackers are after third party eyeballs that she said we're going to see a lot more of. lisa was here at the wilson center. it's a think tank here in washington d.c. to talk about a new effort by the federal government. creating a new agency. they're calling the cyber threat integration information center. they're going to launch that to oversee all of the federal government's efforts to collect intelligence on cyber security and she said it's not going to gather intelligence itself but it's going to s wr nthesi sfwl e. one of the big components is communicating with the private sector, which she said the federal government has to do more of. take a lis

eamon javers is there. what do we expect from the president this afternoon? >> the president is going to talk about his executive order on cyber security. he will sign this executive order here at stanford university in palo alto the heart of sell convalley. it's really about sharing information between the private sector and the government. >> that sort of thing. that's a little bit of a new look at some of the capabilities of apple pay. we're expecting to hear the president a little bit later. we just saw the white house press pool come in. that's always a sign that the president is here on the premises. we'll wait to see what he has to say, guys. >> all right. eamon, we'll look forward to that. thanks very much. brian. >> all right sarah. thank you very much. we got so much more here live from galveston, texas, including one of the biggest restaurant owners in america that owns a bunch of resorts right here in galveston. the conference center, the golden nugget casino chain. a man with his finger on the pulse of the consumer probably unlike any other. comi

>> eamon javers thanks for bringing us inside the secret nasdaq surveillance room. >>> over to chicagothe santelli exchange. good morning. >> good morning. maybe sara you are one of the close to 6 million people who have seen the following youtube animation. let's run the clip. >> did you hear about the fed? >> no. what about the fed? >> they announced another round of the quantitative easing. >> what does it mean. >> it means they are going to print a ton of money. >> well i'd like to bring the man who made that animation along with several others former futures trader i should call him the omed. thanks for taking time. >> thank you for having me rick. >> let's start quickly with the notion qe is now over and that animation was made several years ago. your thoughts on the end of qe as europe embarks on qe. >> when i made that cartoon four years ago it was obviously skep tal of skep tal of qe-2. if qe-2 worked we would not have needed all of the other programs afterwards. >> move to present times. you wrote an easy to understand op-ed, maybe those that have lot of letters after their n

eamon javers live in d.c. with more on what we can expect.ng, simon. it's a cold day here in washington, d.c. most of those protesters out here a little while ago have gone inside got a couple of stragglers here. they're going to watch for this vote on net neutrality later on this afternoon. just under way here inside the fcc. what we're expecting is a vote here that's going to pass by democratic votes in the fcc on net neutrality. what they're doing is using title ii authority to regulate the internet as if it was a utility. so they're telling big internet service providers here that they can't do things like throttle or provide fast lanes for specific web companies to get faster access to their customers. that's something that big companies like comcast, parent company of this network, have been opposed to and fighting in a lobbying battle. looks like they will lose at the fcc this afternoon and the vote will have to wait and see when the vote comes, exactly how it goes down. after that about a three-month period before the new policy becom

joining me now is eamon javers. what is the fcc voting on today?on this net neutrality proposal and what that means is the company's big internet broadband providers, like comcast, would not be able to charge differential access fees so things like throttling or creating fast lanes on the internet for high paying customers or slow lanes for lower fees. all of that would be regulated now by the fcc under their so-called title 2 authority. it would regulate the internet like they do other utilities. that's something that is controversial. a lot of those companies, including comcast, have been lobbying very hard against it but clearly the fcc seems poised now within the day-to-day to pass these new rules. they are supported by president obama and democrats on capitol hill. it's become a political issue but really a hot button each in the technology issue as well jose. >> give us a sense of outcomes for consumers here. >> under these rules, consumers will see an internet a lot like the one that they see right now. probably not as much change. if the ne

kristen welker is at the white house and eamon javers from palo alto california delivering an addresssummit. tell us the executive order the president will sign today. >> reporter: frances without officials calling cyber security one of the defining challenges of the 21st century and, of course, the recent sony hacking scandal, all of those hacking incidents which you just referenced added fresh urgency to this challenge. so the executive order that president obama is going announce later today calls for a couple of things. the biggest one, increased information sharing between the private sector and the federal government. the hope here is that the private sector will be able to respond to and anticipate threats better if there's better information sharing. secondly, it aims to create a set of voluntary standards for information sharing between the federal government and the private sector. it also enhances the role of the department of homeland security which will be charged with streamlining access to some of these threats, and then finally, it calls for new, enhanced privacy prote

eamon javers is live for us there. >> i want to highlight for you a little exchange here. a testy exchange that happened a while ago here in washington d.c. this is admiral mike rogers the head of the nsa. he was at the ronald reagan building here in washington giving remarks. they opened it up for a q and a, and alex stamos the chief security exchange officer for yahoo skood whether yahoo and the other companies should build in back doors for any government that asks them including the russians and the chinese. here's a snip et of that exchange. take a listen. >> my name is alex stamos. it sounds like you agree with the director that we should be building defects into the encryption in our products so that the u.s. government can decrypt. >> that would be your characterization. >> i think -- i think -- i think bruce snyder and ed felton and all of the best public cryptographers in the world would agree that you can't build back doors. it's like drilling a hole in a windshield. >> i have a lot of world class cryptographers in the -- >> this goes back to whether or not the

. >> let's go to eamon javers for breaking news. >> at this hour a new $3 million reward for informationa major alleged cyber criminal. his name is evgeny bogachev. they say that over the course of the operation of that botnet game over zeus was responsible for more than one million computer infections. they also say it resulted in financial losses of more than $100 million. here's the new fbi wanted poster for evgeny bogachev. they're hopeful that the new $3 million reward will help them get information they need to figure out exactly where he is and somehow bring him back to the united states to face justice. guys. >> all right. eamon, thank you very much for that breaking news. >>> now we have heard what janet yellin said. we have tried to figure out what she really meant. now we're going to find out how much money we can make off of it. we're talking about the yellin trade ahead. what say you, america? does e-mail at work make us more or less productive? a debate on when the company should end the scourge once and for all. or if we love to hate e-mail. financial noise financial noise

on the fcc, eamon javers, what's going on? >> the dow jones is reporting the fcc is expected to pass some strong new net neutrality rules. this is as expected. you remember a while back president obama called for the internet essentially to be regulated like a utility. that looks to be the direction that the fcc is set to go later on this week according to dow jones. they're reporting that the new rules would cover mobile and fixed broadband services and the rules would make broadband internet providers subject to what they call title two telecommunications regulations. this is another procedural step down a path that we'd seen coming here now for a couple weeks. >> thank you very much. let's look at some of the names in brad band and the media space and see how they're moving after hours if they are. john where would you be looking on this news? >> obviously verizon was obviously doing well today on anticipation of this news. so i think verizon, at&t those stocks obviously did well. i think going back to what we were talking

eamon javers is there this morning.d to start meeting at 10:30 eastern time at the fcc in order to pass rules and expected vote on new title two regulation of the internet. title two is the fcc's authority to regulate sort of like a utility in which case they're going to have several rules that will prevent internet broadband. providers from having paid prioritization. that would be charging consumers and companies more for selective access to internet broadband to push out their content a little bit faster than the competition. that's something a lot of internet companies like netflix and twitter have rallied against. and it looks like those new rules are going to go into place later on this afternoon. this is something that president obama pushed hard. and now fcc chairman tom wheeler has announced new rules that will do in essence what president obama wanted. not without a lot of debate and a lot of lobbying here in washington, d.c., though guys. you can imagine the big internet broadband providers were not happy wit

eamon javers joins us now with that. >> this is nasdaq's secure market watch facility in rockville, marylandrters in here because of the sensitive nature of the research these analysts are doing here. this facility is staffed 24 hours a day, six days a week. what they're looking for here is all kinds of financial fraud. everything from realtime high frequency trading fraud in the markets to old fashioned insider trading like we know of from years gone by. and what they say here is they're monitoring everything from the moment that the company is listed with the nasdaq including doing things like a detailed background search on the executives to formed that company under the theory that fraudsters flock in groups. all the way up to monitoring in realtime all of the trading going on in the nasdaq day-to-day. they're talking about 4 billion messages a day monitored here in this facility. and they say that there are algorithms that monitor that and are looking at 35,000 separate parameters. they say that the alerts that pop up on these analysts' screens come up within two seconds of suspicious t