rich edson joining us from d.c..butes when they select whether to give the company government contracts. these are rules president obama had through an executive order put into effect year-ago. recommendations are finalized between the dod and general service administration. they are prioritizing how secure when it comes to internet security, internet security, how securities companies are, things like requirement to purchase the original equipment from trusted manufacturers, things like that will be much greater stress portion whether a company gets a bit. ashley: thanks so much with the latest on cybersecurity. tracy: your have been pondering this all day, is justin bieber the next lindsay lohan, if that were the case is this really news? dennis kneale is looking into the cnn justin bieber debacle? >> 19-year-old man child exit the neighbor's house, then driving 16 miles per hour and that is enough to pump prime-time special tonight on the no. 3 cable news network cnn, justin bieber's wild ride airs at 10:00 easter

rich edson has new numbers.the department of justice collected more than a billion dollars in antitrust penalties alone. a decade ago it was less than a third of what has been the last couple years. that is just antitrust penalties. the government says it was illegally promoting a drug. bp and transocean pay hundreds of millions in fines related to the gulf oil spill and the government collected $326 million for fixing prices. governments are cracking down on the u.s. and abroad. >> increasing penalties, they are still primary drivers. you can think both of those regimes continue to be aggressive. the regimes like china and japan and korea who assumed themselves in the arena driving the price up. rich: in 2213 the $1 billion in antitrust fines made up 18th of the fines doj collected for the entire year. back to you. dennis: thank you, rich edson. more terror threats, does putin have it under control? cheryl: and fox business open for business. coming up, some advice for your portfolio. [ male announcer ] this is

cheryl: rich edson. thank you very much.pprove of president obama's handling of the nsa scandal fallout. my next guest worries that in this backlash, the obama administration may go too far. maybe it is time to modernize. what does he mean by that? let's ask him. he is a former security advisor to the vice president. thank you for being with us. first of all, what do you think of the president's remarks today and what kind of threat do they pose to our anti-terror efforts. >> i think the president gave a lot of information. it will take a while to unpack. the highlights are when it comes to surveillance, it seems to pull back what we tend together when observing foreign leaders and gave a very under finding scope of who would be covered by extending privacy coverage. something that really is unprecedented. when it comes to the problems at home, i think he is getting closer to identifying real problems here according to the fourth amendment. dennis: right. why would we pull back n foreign surveillance at all? it is allowed in

cheryl: rich edson. thank you, rich. david: investors enjoy terrific gains in 2013.ect in 2014, as the fed taper continues. talk to one of the streets most influential strategists, barclays's barry knapp to find out where he is seeing opportunity. cheryl: we'll ask him about sock soccer as well. as we approach the new earnings season we'll look at potential curveball that could deflate some company earnings. all about the dollars placed in the global currency markets. we're back in two. ♪ hi, i'terry and i ve diabetic nerve pain. i worked a patrol unit for 17 years in the city of baltimo. when i first started experiencing the pain, it's, it's hard to describe because you ha a numbness... but yet you have thpain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point i knew had to do somhi. when i went back to my healthcare professional... that's when she suggested the lyrica. once i started taking the lyric the pain started subsidin [ male anuncer ] 's known th diabetes damages rves. lyrica is fda approved to treat diabe

rich edson, their very much.in more comfortable shoes investing in $200 million in shoemaker crocs. we'll talk to crocs's cfo about his plans for the cash and search for new ceo and global expansion and a first on fox business interview. david: we'll tell you how you can watch the nfl playoffs without a tv for free. stick around for this. back in amendment mo. ♪ she keeps you on your toes. you wouldn't have it any other way. but your erectile dysfunction - it could be a question of blood flow. cialisadalafil for daily use helps you be ready anytime the moment's right. you can beore confident in your ability to be ready. and thme cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequent or urgently. tell your doctor about all your medical to go conditions and medicines, and ask ifour heart is healthy enough for sex. do not take cialis if you take nitrates forhest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may i

attorney warren edson -- >> it didn't appear she was doing anything wrong other than just being a mom and trying to do what's in the best interests of her kid. >> reporter: in an effort to avoid a court battle, riddle, her mother, wendy, and edson, met with landon's doctors and child protective services. >> they said they were willing to work with us. they said they were willing to alter the chemo plan, and they're not. they did not do that at all. >> reporter: and that's not surprising. while many mainstream doctors do support the use of cannabis to offset the side effects of chemotherapy, as things stand now, no doctor would recommend cannabis instead of chemo, myself included. but there is a growing body of promising research. dr. julie holland is the editor of "the pot book." >> it turns out that it actually fights the cancer itself. >> reporter: you're a doc. you've studied this, you've talked to the researchers. >> right. >> reporter: you're saying marijuana can kill cancer cells? >> i'm saying that and there are many other researchers who are saying that, too. >> we've got lung

david: rich edson, in washington.ch. >>> so-called polar vortex is loosening its icy grip on much of the nation. what is next for nearly 200 million americans caught up in the record-breaking freeze? we head to the fox weather center for the very latest. let's go back to liz to find out what she has coming up in las vegas, liz? >> it hasn't even hit the store shelves yet. the prototype is coming. they have sold thousands of kits. we're talking about something with a very serious name. oculus rift. it lets you crawl inside videogames. virtual reality headset, giant. we have a fox business exclusive with brendan iribe. >> the man behind oculus. stay tuned. wait until you see this one. [ male announcer ] meemary. she loves to shop online with her debit card. and so does bill, an identity thief whole mary's identity, took over her bank accounts, and stole her hard-earned money. unfortunatel millions of americans just like you learn all it may take is a little milaced information to wreak havoc on your life. this is identi

rich edson has the details. rich? >> reporter: thanks.ng others, jpmorgan has already agreed to a $13 billion fine right after the 2013 fiscal year ended, and before it did, the department of justice had collected $8 billion this fines. in just antitrust penalties, the government collected more than a billion dollars last year, that was for the or second straight year, and the third time in five years. a former senior justice official says he expects the government to continue focusing on financial crimes. >> we've seen the rise or really role of antitrust in this area over the course of the last year. you know, the libor cases that came out in the u.s. and europe, you have the cds investigations which have been out there for a while, the new foreign exchange cases that are out there. so i think you're going to see more antitrust cases in the financial services sector. >> fines are increasing globally where the u.s. collected a billion dollars in antitrust fines, the european union hit businesses with $2.5 billion, and analysts say that's

>> every year hundreds of thousands are affected by power outages, according to a recent study by edson electric institute. 69% of the power lines are above grounds. 31% below, begging the question why aren't all powerlines underground. judy with the michigan institution has thought about that. >> you have to weigh the cost and benefit. >> as a regulatory body looking into upgrading, the agency found it would cost $1 million per mile to bury the lines. the average home owner would have to pay thousands a year more. >> occasionally we hear from a city regarding this issue. when they hear that the residential folks have to bear the cost, they lose interest. people can't afford it. >> while the frequency of power out ims would decrease -- outages would decrease with underground lines, it would take longer to repair them if damaged. >> an underground system feeds to be replaced 25 years. overhead lasts longer. it adds to the cost. >> when it comes to cost over saving, saving wins - at least until the next storm blows in. >> union workers in washington state who work for aircraft giant boein

rich edson joins us with more. rich?romise insurance companies millions of new customers and with that brought substantial gains in the stock prices t offers safeguards against significant losses over the first three years just in case healthier americans fail to sign up to pay premiums. with that the administration released the first statistics showing who is buying obamacare and how old they are. officials say more than 2 million select ad private insurance plan through obamacare. nearly quarter of adults younger than 35. the government is subsidizing four in five of those enrollees. as for insurance companies values to continue increasing, analysts say millions more need to buy into obamacare. >> the promise of a lot of additional customers, obamacare offered a basic deal to investors which is, we're going to send you, we're going to increase the number of insured americans from 83% of the country to 93, 95% the country. that is a lot of additional customers. depending on the organization whether it is hospitals or ma

cheryl: rich edson high out of washington -- live out of washington, thank you very much. any moment we expect to get some live comments from the current federal reserve chief, that's ben bernanke. this could be his last public comments before he hands over the reins to janet yellen. and he's speaking at the american economic association. as soon as the q&a begins, we're going to take you there live, listen this to what he has to say. see if he gives any clues to what he and janet yellen have been talking about behind closed doors. be right back. ♪ ♪ welcome back. how is everything? there's nothing like being your own boss! and my customers are really liking yo flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a rais management couldt makehat happen. [ male announcer ] troducing fedex one rat simple, flat rate shipping with the reliability of fedex. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools iroduce the

rich edson joining us now with more how the governor is handling the situation.ember an apology lasting this long, can you, rich? >> 108 minutes. he avoids that iconic shot of him walking off the stage with reporters shouting questions and flash bulbs going off. pretty much everyone was exhausted by the end of the governor's press conference. he says he had no idea his staff was involved and called the stunt stupid n nearly two hour press conference he said his deputy chief of staff lied to him a month ago when he asked anyone in the administration involved in unnecessary lane closures in fort lee, new jersey, halting traffic during rush hour across four days in september. despite his claims he was unaware of the political plot. chris at this says as governor he is taking responsibility. >> all i can do to apologize for conduct of people who worked for me. i can't do anything else. i can't reverse time. if i could, believe me i would. but, i'm still apologize. i think that is all you can do. there is really nothing else you can do. >> republicans have been mostly

rich edson, i love to talk about this more, but see you later, my friend. >> you got it.travel, earlier today liz in davos got a chance to sit down with two ceos of the local hotel industry. the snow is not keeping them from growing and expanding. take a listen. >> business as usual. we've been super busy and engaged and focused on the growth, executing in terms of, you know, what is going on in the same store and unit growth in our business and we'll keep doing that we'll deliver for the public markets what we've been able to deliver privately. >> sitting here today we have no hotels open in sub-saharan africa. we announced acquisition of a largest sub-saharan african chain. we will immediately become a very significant presence in our industry and sub-saharan africa. david: liz is not finished, tomorrow on "after the bell," she will head back to davos with more of the world's top ceos. bob greifeld, ceo of nasdaq. talk about life without twitter and whether he learned any lessons after last year's power outage not to mention what happened with facebook. we switch to sor

rich edson washington, d.c., with the details.> there is some momentum lifting the effective prohibition on u.s. crude oil internationally. there is also growing opposition. the government is essentially banded since the oil panic in the 1970s. now better oil production are changing the debate. it even stronger production this year, one analyst writes pplitical dimensions of crude oil export debater far more collocated in the underpinnings. economics was just swapping out the light sweet crude and importing cheaper, heavy sour crude in its place for which the refineries are better configured could create a value in both directions, but there is opposition. a recent letter to president obama, democratic senator writes we must continue to keep domestically produced crude here to lower prices for consumers. aggressively working toward clean and renewable alternatives. the other democrats seem willing to reconsider the ban. the government needs a new examination of an energy world that is no longer like the 1970s. back to you. dennis:

ashley: rich edson, thanks so much.edward snowden change as a result of all this? your tweets are at the bottom of the screen. we talk with a former nsa training director and a domestic surveillance project director at the electronic privacy information center. thank you both for being with us. colonel, i want to start with you first. i worry, okay, i don't want anybody spying on my phone records but this has to interfere with terrorism and all the things that the nsa is supposed to do to protect us. >> well, tracy, that is one of the tightropes that the president has to walk and he did a pretty good job i think in his speech today outlining not only what kind of things are happening in the terrorist world, but also the kind of things that we have to watch from a privacy perspective. so when you look at it from a security standpoint, tracy, you have to see that there are certain things that we need to do both as security agency if we're talking about nsa as well as law enforcement agencies. to find that happy medium is

ashley: except for rich edson and his glasses getting fogged up and snowed on.y: god bless him. we have a quick stock alert for you. we're watching shares of apple today after a federal appeals court temporarily blocked a monitor to make sure the tech giant complies with antitrust laws. this came after apple was found liable for conspiring to raise ebook prices. separately societe generale down growedded apple to hold from buy ahead of company's earnings release coming out next monday. apple up about $8. $8.44. ashley: not bad. ahead in next half hour of market news the robots are coming, the robots are coming. they're already here. there they are, coming down -- budgee the robot here in studio. others are on their way. a robot by the way that carries your packages and more. could be good for the wine bottles. tracy: i love that. they are calling it an nsa-proof smartphone. cofounder of a company behind it will join us next. ashley: plus premium tv channels like hbo losing business to netflix and other streamers. dennis kneale will be here shortly with the busin

stuart: rich edson, looks like it is freezing down there. good stuff.out a big drag from boeing which gave a disappointing forecast, a big move, the stock is down, 5%, that takes roughly 50 points out of the dow industrials. move on to yahoo! disappointing numbers they're too, a tough quarter for marissa meyer. that stock is down 7%, another of today's big movers. shopping can make you happier. buying things can make you happier, really? a study in the journal of consumer psychology says shoppers who buy items by anthem three times less sad than those who just browse and don't buy. i vigorously disagree. doctor keith ablow is here possibly to set me straight. when i buy something i really don't enjoy it or like it that much. you can call me cheap, but i get no enjoyment out of consumption. i get enjoyment out of saving, thrift, piling it up so that i have investment capital. that is where i get my july. . am i so wrong? >> it is good you know yourself. for some segments of the population being action oriented and acquiring things makes them feel as if t

connell: ridge edson is live on capitol hill with more on that.ich: producing more oil than it imported. proponents in the oil beyond, they say it is relevant to the 1970s and the energy panic then. there is varied opinions. >> we are witnessing an energy revolution in the country today. producing more energy at home here than we have in decades. >> on my watch, the consumer is not going to get short shrift. rich: some of the concerns are we are still importing 40% of our oil. even among the administration, the energy secretary said that the van was possibly outdated and that congress and the administration should be looking at it. congressman menendez says under no circumstances should the u.s. reversed this oil be on beard allowing it would allow the profits of big oil, as he says, and forced u.s. consumers to pay more at the pumps. there is more momentum on capitol hill. we will continue looking into this. back to you. dagen: thank you so much for that. ridge edson down in washington. connell: dan hanna gert is here with us in the studio. what

rich edson is on this tour joining us from washington.at the same rate the past few decades, quote, we find all the rank based measures of intergenerational mobility have not changed significantly over time. of probability that a child reaches the top fifth of income distribution given parents on the bottom fifth is 8.4% for children born in 1971 compared with 9.5% for those born in 1986 and one of the studies's authors says the effect of government initiatives is unknown. >> there has been an expansion of various social programs over the past 25 years and the big question is the extent to which those programs have been helping counteract an otherwise declining mobility that both those programs don't work. >> incoming quality and ability are the big qualities is you're pushing issues like higher minimum wage and a better picture of the president's 2014 agenda tuesday when he delivers his annual state of the union. cheryl: rich edson in washington. thank you. dennis: ipos for everybody. used to be a wall street fat cats to get on the groun

rich edson is in washington. republicans are trying to get political the vantage out of this.ublicans need to pick up 6 seats to take the senate, targeting democratic seat in western kenya, arkansas and montana and republicans making the strong effort to tie democrats in these stains to president obama's epa edge and the dubbed the the war on cold, higher emission standards for power plants and democrats in those states trying to separate themselves from the president on that issue. coal stocks have fallen 13% since the president was reelected. the energy sector is up 18%. analysts credit natural gas with the shift away from coal. stuart: i will check that out, 13% down since the reelection or 30% of the. >> 30% for the entire administration, 13% since the reelection. stuart: i picked up a magazine in my house just yesterday called 201 magazine with a picture of rich edson labeling you as the funniest man in business news because our audience doesn't know it but we do, you are a stand-up comedian in your spare time. rich: i have participated in a feud comedian events down here

rich edson collins us with thomas donahue.an business address given by tom donahue, the president of the chamber of commerce. thanks for joining us. want to start today on the 50th anniversary of the war on poverty, president obama saying we are country that keeps the promises we made, he spoke about this in the context of our entitlement programs. can we keep the promises we made and can we afford it? >> we can keep them but nobody ever suggested they could figure out 50 years ago that 10,000 people would they would be retiring and in 17 years, 77 million people, we have expanded not only medicare but medicaid and everybody was going to live so much longer which i like and so now we have to make some adjustments and adjustments have to be on the health care side and on the social security side which we can do fairly easily and we can do that while everybody keeps their benefits and then we have to find some other sources of revenue. rich: can we keep constant level of benefits or do they need to take less benefits? >> i expec

rich edson, that is the battle here. the president knows that the senate could be up for grabs committee has to stop the bloodletting. it has picked up ever so nominally from under 40% to over 40%. still very low. you do not want to become october or november in that neck of the woods because it guarantees your party. >> absolutely. for republicans in congress this is the beginning of the fight to the november election. seven states have democratic incumbents are those who are not running for reelection. and republicans are targeting all of those states may have to hold all of their states and a favorable election cycle for them. this is something that they are playing for and there are primaries that have to take place and we don't know whether the candidates will put up if they can win. that is what they are aiming for they can take control of the senate. they will have the majority of 51 to 49er did not like you can get much done. but that political mark of the president having lost her his party having lost to congre

rich edson from d.c. with more. rich: one of the fixes in accommodation from the botched rollout of the website, insurance companies are giving customers until january 10 to pay their premiums. it is still too early to tell how well the insurance system is working and if they think they are covered actually are. >> there's no question the massive confusion in december and obviously the total failure of the government's website healthcare.gov in october, november, means there are awful lot of people who showed up, who will show up over the next few days in the doctor's office and at the hospital, they simply won't be in the system. >> they'd knows the challenges saying health plans a working around the clock to process a high volume of enrollments they have received from the exchanges. while there are still some ongoing challenges including so-called orphan records where the files are never received, health plans a working to resolve those issues as quickly as possible so that consumers coverage can continue in janua

charles: rich edson, really appreciate it. hey, want to get back to the markets. dan, you know, we know you're a bear, but today you actually are going to point to three names that have rallied in this market, and you say specifically because of the federal reserve. >> yes. charles: okay. let's start with the first one, apple. >> okay, ask me why. charles: i am asking why. [laughter] >> every night, charles, what do you hear oo tv? the dow jones, and you hear the s&p 500. so where do you think the money's going? if you look at -- charles: what money? >> the money that's coming from the federal reserve into -- charles: can you walk us true that? >> yeah. charles: the fed buys mortgage backed securities, how does that money end up in the stock market? >> their buying through the banking system because the banks are holding a lot of debt on their books that they need to get rid of. a lot of that's nonperforming too. so the federal reserve creates these dollars, and they buy the debt off the banks' balance sheet. is the bank lending the money? i don't see it happening

rich edson joins me with more. >> it no different for president obama gallup said that president is upce the summer, more americans disapprove than approve of his performance. latest poll has him down 51-40, part of the problem is a slow economic recovery. unemployment rate is less than 7%, some is americans dropping out of the labor force, the president's answer, is push an agenda of income equality and higher minimum came, and exten extended long-term unemployment benefits, a political scientist said this strategy can backfire. >> to move forward with another pivot, another set of let's try to create sort of less income inequality while wall street is enjoying tremendous benefits from the quantitative easing makes this a very difficult sell. >> president obama is also pushing a year of action as the white house calls it promises to sign executive orders where congress refuses to pass his agenda. >> well is there any issue where both sides come together. >> we have a debt ceiling negotiation, they have to come together to increase the debt ceiling, there are possible economic proposal

rich edson covering that.snell as a drought -- the will of wall street breaking a record but you might put earmuffs on. stocks every 15 minutes. the bigger movers, what do you have? nicole: i have not seen the wolf of wall street. jpmorgan, financials hitting a 52 week high. that is worth noting. abercrombie and fitch bouncing after yesterday on a downgrade from jeffrey. twitter back above the $70 mark, up 3%. holding on to the gains here. the name to watch, they will no longer use genetically modified products in cheerios and not because they are not saved but they are choosing to do so and hope to get some customer loyalty with it. that is to the downside and analyst downgrade revenuer girl from outperformed keeping a close eye on blackberry in the midst of intellectual property battle as well as police ickes. cheryl: i saw that break up. adam: coal stocks taking a hit since president obama's reelection but a push could mean a boost for the sector. rich edson is in washington with that story. >> reporter: re

rich edson is live from the white house.ident obama's term and he resigned over a federal government that is largely closed because of the weather so president obama has seen a lot of changes in his polls since the beginning. the president started with approval ratings near 60% and now he is what they say upside-down, gullible showing disapproval of 52% for the president and approval of 40%, or 51 for you if you go back to september of 2011 when the little worse stretch for the president was which was 5240, the paper got snowed on here. if you look at what the president's jobless rate that he presided over 7.8% when he took office, now all the way down to 7%. looking at those numbers, in spite of 10% in his first year in office and with that the president with low approval rating still a very sluggish recovery pushing an economic team, one of trying to push income equality. however when it comes to this economy the beginning of his administration spent a lot of time blaming his predecessor for many problems and one analyst p

our rich edson just outside d.c.t where people are having a tough time getting anywhere in all this snow, rich? >> if you're looking to get warm, don't come here. it's cold in washington. that is actually delaying flights a little bit here. the biggest delays in d.c. are the deicing procedures to get planes in the air. onp to of that waiting for flights and planes to come in from other places of the that is the bottleneck that persists in the system. from 10:00 a.m. to 2:00 two p.m., 5500 delays. here in d.c., cancellations at national airport up to 70. that has been growing. dulles at 27. total cancellations, more than 1600. add that on top of 3300 nationwide yesterday. we talked to a number of different airlines in washington port authority. it takes time to get all the flights back on schedule, get passengers rebooked and get everything set to go. there are a number of passengers who have been waiting for last couple hours and days to get on flights. they're making due. actually, sorry we would throw to passengers

rich edson is in washington with the details. i am just dying to hear the reaction in d.c.e saw here in new jersey today in trenton, rich. rich: it has been relatively quiet. a number of democrats and republicans have released statements, although they have let new jersey be new jersey for now. chris christie calls a deputy of staff a liar, guilty of deceit and fired her. e-mails and texts indicate their responsibility, and as christie says, callous indifference and n closing lanes of the washington bridge to create a traffic jam. for what chris christie knew about the skin, governor says nothing until yesterday. >> let me tell you, everybody, i was blindsided yesterday morning. i was done with my workout yesterday morning, got a call from mike medications director about 8:50, 8:55 informing me of the story that had just broke on the website. that was the first time i knew about this, the first time i had seen any of the documents that were revealed yesterday. rich: democrats continue their assault on the issue and christie. new jersey congressman says governor christie mus

should also mention that edson lane here, that is still closed and that is going to remain closed until they can completely fix this main. as for rockville pike, of course, very busy corridor. two lanes getting by, and that will, also, be the situation for a while, as well. they need that far right lane for their construction equipment. barbara, back to you in the studio. >> all right, thanks, megan. >>> a similar scene in alexandria this morning. crews are still working to fix two broken water mains around duke street. one is along north jordan street, and another is about a half mile away at picket street. it's been affecting traffic all morning and many people in the area have low water pressure. >>> police in arlington are trying to decide in a driver will face charges after a deadly accident. around 2:00 this morning, a chrysler sedan and jeep t-boned on ft. myer drive in roslyn. the crash killed the person driving the chrysler. the driver in the jeep was not seriously injured. >>> and one of our reporters will be at the wilson building today when a d.c. council committee asks poli

to rich edson on what to expect from president's big speech. >> when you look forward from here, president calls this a year of action, said where congress does not stand ready to cooperate with him and pass his agenda, he has a phone, and a pen, a pen to sign executive orders. the one today, raising minimum wage for federal workers, he hits road after this to sell his other policies, and other actions that president might take we'll see in the state of the union, one that a number of folks that are privy are not expecting too many new policy proposals, this is is a year to go after base for democrats and republicans,playing it safe. in congress we're not expecting major initiatives to make it past congress. republicans have responded to much of what president has been saying about the state of the union, he stands ready to work beyond congress through executive orders, they stand ready to make sure that the president is not abusing his authority. a number of republicans have already suggested the president is abusing his authority in the changes he made without congress when it comes to o

rich edson with a preview. rich: ashley, this is part of a private initiative the president announced last year in his state of the union address. the white house is calling the president's year of action previewing the white house fighter saying he will be looking for areas of bipartisan cooperation but he won't be waiting on congress to act. he will use his executive authority his pen and his phone to work with anyone to get things done. on this republicans say they are skeptical. >> if he is truly serious about getting the economy back on track and creating jobs, he will do more than just talk about job creation. or bipartisanship today. he will actually work with us on rail bipartisan solutions to get there. rich: this evening at 5:00 he will meet with senate democrats whwill come hit the white house. back to you. ashley: rich edson, thank you much. lori: apple reaching a settlement with the federal trade commission. the stock is adding gains on that news. refining consumers over billing practices. the ftc

the problem was a water main break between edson lane and flanders avenue. 11 businesses were affected. >> what's one thing the dry cleaning business needs the most? >> water definitely because no water, no boiler running. you cannot wash anything and no water, everything is shut down. >> that water main was put into place in 1951. lesli, we'll send things back in the warm studio with you and when we come back out here, we're going to take a blowtorch to this bad boy right here. >> are you going to do that? >> reporter: i might. i don't know. that does not sound like a good combination, me and a blowtorch. >>> we've got new information now on former virginia governor bob mcdonnell and his wife mature reason. they pleaded not guilty to federal fraud and conspiracy charges today. they're accused of using the governor's office to help a businessman in exchange for luxury gifts and loans. peggy fox is in richmond with the story. >> reporter: history was made here in virginia, but not in a good way. for the first time a virginia governor faced criminal charges in court. flanked by grown chi

rich edson speaking to one of those ceos in a fox business exclusive, joining us now from washington. say, rich? >> reporter: good afternoon, liz. and this is all part of the president's push, the white house push, post-state of the union address to get those long-term unemployed back to work. this is, basically, pledges from different companies that if they need to, they'll change their hiring practices if they're weeding out any of the long-term unemployed. so we talked to deloitte's consulting ceo, and he says specifically when it comes to their hiring practices, they have signed the pledge, but for their practices, doesn't really change anything. >> at deloitte we really don't have to change what we did, have been doing because we've actually been following this policy from the beginning. but we think it's a critical thing to sign up for. i think that was part of the dialogue. i think that, i think some when they looked underneath at their policies found that inadvertently they were. and so i think just a sharing of of best practices across major companies big and small, i think,

rich edson, thanks a lot. the weather may be cold but not acid snow as far as we know. forecasters in south korea say the stuff's been falling on the country. scientists say acid snow is in essence acid rain that's frozen. hello. those forecasters call it a mixture of snow and yellow dust. they're warning folks to use umbrellas to protect themselves outside. as for the lungs, that's another matter. >>> celebrities and witnesses say they saw a small airport crash in aspen, colorado. now the first video of the deadly crash as it happened and that's next. [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it in your heart. [ basketball bouncing ] heart healthy. [ m'm... ] great taste. [ tapping ] sounds good. campbell's healthy request. m'm! m'm! good.® ♪ nothing's missed with tena twist... ♪ ♪ don't miss a beat... ♪ nothing's missed with tena twist... ♪ because fearless protection for the unexpected leak gave you a new outlook, we've given

edson's light bulb has gone from the endangered species list to near extinction. some incandescent light bulbs will be allowed but only if they meet new government standards. what was once the symbol of the american innovation is now banned by the all-mighty government. isn't that ironic? and why? because it's not energy efficient, so sayeth the government. and they don't want americans to have a choice of what light bulbs to purchase because the government knows best. the new florescent curly light bulbs contain mercury and also more expensive. mr. speaker, i thought mercury was bad for us? anyway. nothing gets easier when you use these light bulbs. you need to dispose of one of those curley light bulbs, don't think about -- curly light bulbs, don't think about throwing them in the trash without reading the box. don't throw them in the waste basket. you're supposed to take them to a local recycling center. yeah, right. if they throw the light bulb out at home, listen closely, because, of course, it's more complicated. the light bulb should be sealed in two plasti

edson is bringing her to the side door. >> pittman is brought in for processing. >> how old are you?iew amanda but she is reluctant to talk, especially when her suspected spimp pulled in to the prosecuting room. >> who is the guy that came with you. >> he dropped me off. >> how do you know him? >> i really sglont you don't know him. >> what's his name. >> he gave me a ride. >> what's his name. >> i don't know. >> amanda insists that he is just a stranger who gave her a ride. but he tells a different story. >> when did you first meet her? >> friends for a long time. >> how long have you known her? >> neighbors. >> you are neighbors. >> what was the reason for coming up here today? >> she said she had a date. >> she said give mae ride. i have a date at a hotel room. >> surely he admitted that he drives amanda to dates in exchange for what he calls gas money. >> are we safe to say we knew she was coming up here, you knew she was coming up here to commit prostitution. >> what's the charges. >> driving proceeds for prostitution and that's a felony. you drove that girl up here to commit an

rich edson joins us now from inside the beltway with more on this rich. >> david and sandra, in juste government collected more than a billion dollars last year for the second straight year around the third time in five years. antitrust penalties are increasing worldwide. the european union collected more than the double the u.s. in antitrust fines. china, japan, taiwan and brazil fined businesses nearly a quarter of a billion dollars each. businesses are facing multiple penalties from multiple countries for one crime. >> one corporation punished in seven jurisdictions raises natural question how much is too much? do they pay a billion dollars in every single jurisdiction or is one billion dollars fine enough to send a message to that corporation they have done something wrong? that is the challenge going forward as more and more regimes play in this space, can they coordinate with each other and do what is fair and proportional? >> the justice department collected $8 billion in total fines last year. that doesn't include any of the $13 billion in fines that jpmorgan agreed to after

rich edson live in washington with the story.ma administration says it makes the housing market safer. they argue if it had been in effect a decade ago the market would have avoid ad crash. if lenders don't meet standards they fail to qualify for legal protections in mortgages fail. they limit thefies to 3% of the loan amount. borrowers have to prove they make enough money to pay the mortgage. there are limits how much debt they could have. the longest term is a 30-year mortgage. one analyst says new rules coupled with other regulations and rising interest rates will slow the housing market. >> we have tipped the scale so in favor of safe mortgages that people who should get credit can't get credit, and qm contributes to that. >> the administration says more than nine of every teen new mortgages comply with the standards. officials say that means the industry should have little trouble adjusting to regulations. lenders can still writedowns that fail to comply with standards and they lose legal protections and fannie and freddie m

gerri: rich edson joins me from d.c. rich, what tax breaks are we talking about here? in gerri, they're not discussing them or not going to discuss them at least before end of next year before they expire. 55 specialized tax breaks areth expiring this year. 24 over the next 10 years. nearly a trillionr dollars in preferences. congress usually extends them before the year-end. that is why they're called extenders. among the 55 expiring on new year's day, credit for plug-in electric vehicles. new energy efficient homes. achers that spend money on school supplies. depreciation for certain race horses and motorsports entertainment complexes. expensing for film and tv production. and forum producers in puerto rico and virgin island along with dozens of other complex specific tax preferenc. congressional s leaders say lawmakers skip town for the year without extending this breaks. one analyst says congress may finally resolve these preferences next year with tax reform. s.form >> i think the chairman of the,k particular the chairman of the house ways and means committee, mr.

david: rich edson has more. headed, rich. >> if 1.3 million people are not getting unemployment benefits which they stopped getting at the expiration the end of last year, a number of economists believe they will get out of the labor force. when you're out of the labor force, the government doesn't count you in unemployment statistics. one economist says unemployment will drop from 6.7% to 6.5% because of a result of that. the fed came out with its forecast saying it might consider perhaps raising interest rates at 6.5% unemployment. however, one economist says that there is a major difference between 6.5% unemployment because people are getting jobs and because people are falling out of the labor force and when it comes to the interest rate decision the fed will recognize that. >> i think they will continue the discussions about how do you communicate your intentions on rate policy given all of these complications with measuring the strength of the labor market and i think we're going to see forward guidance wh

david: rich edson joins us from inside the beltway with details about the government's consumer financeis saying about all this. rich? >> primarily check your credit card statement. there is new scam we'll tell you about. first the director of the consumer financial protection bureau, richard cordray, tells commerce in a morning hearing his agency is offering tips to consumers to avoid the scams and monitoring statements and not giving out information to anyone who asks for it. the lawmakers turn to cordray's bureau. it collects information about consumers. he says officials are working to safeguard it. >> everybody who has information is going to need to jealously safeguard it in order to protect consumers. there is real consumer harm that happens, whether somebody steals your identity or not. even switching out your card as you did involves inconvenience and time and effort. you may have to change accounts and account information and may cause you to miss a payment on something or here or there. those can cause real harm to people as well. >> republicans question whether the governmen

rich edson has details.illion of the banks last year, whether going after this year? >> that is still something agencies around the world are looking into. a price-fixing scheme $740 million alone, taking more than a billion dollars this year, more than a billion dollars last year in 2009 more than a billion dollars. that is much as european. the eu alone $2.5 billion in antitrust fines. stuart: you sound like you're coming down with something there. you are trooper for turning out today. thank you very much, indeed. the snow is coming for new york tomorrow and wednesday, you know that. >> yes. stuart: stay in washington, okay. >> no problem. stuart: you remember lululemon chief crying after he said some women were too fat for his company's pants. our next guest, a former ambassador to the lululemon brand joins us in new york. welcome to the program. a >> thank you for having me. >> you had some choice words, what were they? >> i asked him to kiss my fat yoga ass. i was an investor twice for lululemon. i ope

rich edson in washington, d.c., with details. and could in those participating in the obamacare insurance exchanges. all of around 50% last year. even those with less obamacare exposure like united health and cigna are up as well. the government is spending a trillion dollars on health care through obamacare, much of it providing subsidies to americans to buy health insurance. there are taxpayer funded safeguards to protect companies against a sizable losses for the next few years. one analyst says the sloppy rollout of a healt the health es is cost exchanges younger, healthier customers. >> whether or not the base will taae place will show up. will it grow as was forecasted say a year ago before we knew the problems of obamacare getting people signed up and whether or not they would fall through. rich: while they wrote obamacare, americans still have to pay premiums, the administration says 2 million have signed up for private insurance under the law. they had projected 7 million in march. insurance plan companies faced out beca

rich edson and washington, d.c. higher education will certainly play a role. thank you for coming on. we appreciate that. rich was getting into this idea of government role. maybe you can start there. what is their role in government and making college or higher education affordable? >> first, thank you for having me. there is over $1 trillion of student loan debt in the united states. unfortunately, we are seeing record levels and loaned billy quincey. the fact is, a college education has been a great enabler of economic mobility. if it is out of reach, it is failing its purpose. connell: i want to go back and be retrained to use the term that seems to be out there. i want to learn something i don't already know to make more money down the road. the statistics you mentioned, more and more people cannot afford to do that. they want to go back, but they cannot. >> absolutely. access to postsecondary education is one of the primary movers of income of quality. academic institutions like ours need to take a leadership

solution for long-term unemployment, james gorman, brian moynihan, the big names in attendance, rich edson dozen ceos in total, the continued job by the president of the united states on his state of the union address, his initiative to get folks employed or hired if they have been long-term unemployed so we met with 2 dozen ceos including some wall street names and greg brown of motorola, don thompson of mcdonald's, a number of others at the white house, he is speaking in the east room. this presidential initiative involves a few hundred companies, 300 says the white house and they decided to look at their hiring practices to make sure they are not weeding out those who have been unemployed for a long time through any type of mobile screening process they have. the president is going to be signing an executive order to direct government agencies to make sure they are not separating anybody who is unemployed for a long time. the president's initiative that he announced, he had a pen and flown to go around congress and using to help the economy but a number of republicans saying the preside

rich edson standing by at d.c.'s reagan national airport right now. oh, you are inside.ll factor even standing inside, it is still pretty cold in this terminal. it is mostly just backups from the rest of the country that we are feeling here in washington, d.c. it is so cold that they have to deice the planes. they are just waiting for flights to get elsewhere in the country. mostly in the northeast. take a look at the cancellations from 7:00 a.m. to 11:00 a.m. this morning. 157 cancellations. here in washington as of noon, 62 at this airport. total cancellations today according to flight aware around 1600. yesterday that was on top of 3300 canceling stations. we talked to aaa about all of this. it will take a while for the entire system to get back online. >> it does take lanes a while to get back to their original destinations and departures. it will take some time as airline start running on line today and tomorrow. hopefully, they will begin moving on schedule later this afternoon and tonight. rich: we talked to some folks that were delayed a couple of hours. bottom l

recognized and getting to say hello and the microphone being taken away from her but i do think rich edson is emblematic of many local -- what we might say civil rights leaders or black freedom struggle leaders who always had a kind of core of economic justice and what we tend to remember is public desegregation and that was part of that struggle but there are all these other economic troubles woven through that again, gloria richardson, would be one that i would put up there. >> the critique of capitalism, he didn't implement it once he was in power unfortunately. also a different world. i would not have liked to have taken over in africa at that moment if anybody asked. but the freedom charter old for a whole range of thing. nelson mandela's favorite democracy was british parliamentary democracy. economically he was a socialist. a socialist. i don't think we will be seeing much of that when he passes. one of the things that kept him in prison along time was that he refused to renounce any association with the communist party. mandela would be another one understood as a nice old man. >>