stephen engle spoke to him in shanghai.he investment bank is very strategic for us. we have been making a lot of changes to our strategy. our strategy is working. it is one that is focused on supporting our clients and wealth management. have very fine assets and capital that we want to put at work in the investment bank. us tois no necessity for make changes. >> is a spin off one of the options you're considering? >> no. we are not considering that option. >> what would be next for you? of you happy with the pace asset reductions right now or is something else in the pipeline? >> we are at a forward target that we announced two years ago. a year ago, we announced an acceleration of that strategy. us tois no necessity for revise our targets. >> are there other potential assets? is there something else that would be a possibility at this time? have a veryhat we well-defined business model right now. i don't think that we -- some of -- they arere in coming off as expected. we are today the best capitalized bank among our peer

stephen engle joins us from beijing with a preview. >> authorities are trying to manage down growth herehere are a lot of risks in this economy. there's overleveraged, there has been a liquidity crunch. this is all by design. we're looking at the expectations today. gdp full-year for 2014. the fourth quarter expected 7.6%, falling 7.8% in the third quarter. 7.5% during that second quarter when we had a bit of a lull. 7.6% is the median estimate 7.7% -- are expecting estimate. we are expecting 7.7%. we have this liquidity crunch in the chinese economy, and it will be interesting to see how accommodative authorities will -- is if growth becomes moderating a bit too fast. the full-year consensus for 2014 is for seven point four percent gdp growth. that would be the slowest full- year pace of growth since 1990. we have talked to many economists and said, this is getting down to that red line acceptable number of authorities for job creation and social stability. saying, this is not something to be too alarmed by. investord to get the and market mindset around the fact that the authorities in

we get more from richard engle. >> we're now in sochi with one month to go before this city hoess the winter olympics. and security concerns have already started to overshadow these games. there have been two recent terrorist attacks, not here in sochi, but a few hundred miles away. and the biggest concern is that militants from the north caucuses will try and carry out attacks, perhaps not right in this area, because this area already is very secure and will be even more secure in the lead-up to the games, officials assure us, but perhaps somewhere else in this very broad country. another concern is the criticism that is taking place in russia, particularly that these games have been so expensive. already $50 billion for all of the infrastructure required for these games. the city was not considered a winter resort in the past. people came here, in fact, to spender that summers. but vladimir putin in that hockey stadium just the other day showing that this country is ready, that the games will be safe, decided he wanted to have it in sochi and that's why all of this money is being sp

richard engle, nbc news, sochi. >>> former presidential candidate mitt romney led the 2002 olympics in salt lake city just months after the september 11 terror attacks. this morning on "today," save save a-- savannah guthrie asked whether he would feel safe taking his family to sochi. >> the answer is yes. i believe the gam will be safe. that doesn't mean there's 100% guarantee anywhere in the world today. but this is, after all, a dangerous corner of the world. >> romney also talked about the new netflix documentary coming out today called "mitt." it includes behind-the-scenes action from both of his runs for president. he says he wishes the director had left out some scenes including those of him in prayer. >>> edward snowden and the just department are signaling that they may be open to negotiations about his legal status while his relationship with russia appears to be on solid footing. here at home, republicans are demanding an end to the surveillance programs snowden exposed. steve handelsman is live on capitol hill with details. hi, steve. >> reporter: hi, thanks. good evening.

tonight, chief national correspondent jim engle with news the president's people did not want you to hear. >> the obama administration while publicly expressing boundless confidence in health care law, privately fear one part is so flawed it could bankrupt insurance companies and cripple obamacare itself. >> week after week, month after month, the obama administration kept telling us everything is working fine. there's no problem. and then they turn on a dime and fire their contractor. >> to justify a no-bid contract with accenture after firing cgi as the lead contractor, the administration released documents that offered a rare glimpse of its worst fears saying problem with the website puts, quote, the entire health insurance industry at risk, potentially leading to their default and disrupting continued services and coverage to consumers. then it went even further, saying if the problems are not m fixed by mid-march, they, quote, will result in financial harm to the government, and even without the fixes, the entire health reform program is jeopardized. in spite of the urgent need

richard engle is live in moscow. let's start with the suspected female terrorists being sought. what more can you tell us about them? >> well, we know the most about the one woman whose picture has been released to police that wanted poster is being circulated at airports. in hotels, in train stations in sochi. she's 22 years old, according to her police file. she's the widow of an islamic militant killed about six or seven months ago in dagestan, killed by russian security forces. and after he was killed, she allegedly became so-called black widow, a militant who would be used as a suicide bomber in part to avenge her husband's death. she, however, is only one of the suspects that russian officials, we're told, are looking for. there are at least three others, maybe not in sochi, we don't exactly know where they might be. but we have been told that russian officials do believe that the woman, the 22-year-old whose poster they're circulating, did enter the sochi area earlier this month on either the 11th or 12th of january. >> richard engle for us in moscow, thank you. i want to

congressman engle joins me now. why do you do it?e in the middle of the trappings of american democracy and my constituents love it. they look for me and i just have a really good time and bottom line, it's just an honor to be there and serve. it's become a tradition. i think if i wasn't there people would wonder where i was. >> we all camped out for tickets or to get close to something. so you've got to give us the strategy, we're nine hours out, i'm surprised you're talking to us. >> if i lose my seat because i'm talking to you, i'm going to blame you. but so far so good. you know, the myth is that we have to sit in our seats hour after hour. well, we do, but you can do a bathroom break or do a meeting or do a television interview and other colleagues that come and stake out their seats, they watch for you and you have to go and watch for them -- >> somebody standing in for you right now? is your spot already reserved? >> i hope so of t. i'll let you know. it's a five minute walk back to the capitol. i made it a point of doing it w

hingel asked howesn referred to only as the client about an upcoming drug raid in engle. he has pled not guilty on lying to the fbi. >>> staff of the san francisco bulls hockey team are waiting for word tonight on whether the team will go outover business or move. the team has been losing money for several years. there's an agreement with the new ownership group to move the team to fresno or oakland. that would take league approval. word could come at any time. >>> and mark back from an unusually loud seahawks stadium. >> what, what are you talking about? >> yes it's nice to be back. questioning comes on play calling and that play. where kaepernick was picked off. they got a little greedy. kaepernick to his credit i guess you would have to say has said put all the blame on me. they turned the ball over the last two times they had the ball. coach harbaugh about the play calling and whether the blame should go whether or not he agreed with kaepernick. >> that's not accurate. i thought collin played his off. i thought all the players in the game did. we all felt that we were

stephen engle. >> right. five-year highs from hong kong stocks over the next 12 months. it will not be all smooth. details. ♪ >> yes. like inwhat it looks 2014 and we are taking back some of those stellar gains of 2013. in sydney, we have had gold miners over there. they are down by one third of one percent. seng iskong, the hang in the red. amongs a household name household buyers. they are not well-known. david reports that the global outlook is not necessarily a bad thing. >> good morning to all of you. a prime example of a homegrown soared company that has in domestic popularity. they are the largest mobile phone carrier at over 750 million subscribers. -- they were founded in 2010. it is an empire that employs over 3000 people and double the smartphone sales last year to 18.9 million handsets. they are selling phones that are packed with features and a lower price than the iphone. let's look at, i guess, this year. the chairman wants to double sales again with a target of over 14 million smartphones. the company uses social media in china to lower customers in. it c

i'm an engle side [speaker not understood]. i love my community. i love being a resident of san francisco. for most of my professional career i've actually worked outside of the city and i was a single car driver. recently i'd be able to take the shuttle and i've actually found unlike when i took the private vehicle down the pinence la. i did a lot of my shopping and things local where i worked. because i've taken the shuttle laura, local blitznesses. i bike, i walk. [speaker not understood]. i'm able to be more of a participant than a solo driver this bev driving the road. can the proposal improve? of course, it can. and it a lows us to work toward us what's right for our city. thank you for your time. appreciate it. >> thank you so much. next speaker, please. >> [speaker not understood] gregory. [speaker not understood]. auld why win stead. [speaker not understood]. and anna bell. >> good afternoon. >>> good afternoon. i'm a [speaker not understood] local resident of the [speaker not understood]. i'm a community based art and most of my work is d

yes, we can keep calling engle side and have calls for service out there, but then what? there are other issues that the police need to be taken care of in the district and tending to one bar is not part of it. thank you very much. >> thank you. >> and excuse me, i just, a point of information, i was just wondering, and could you tell me again, what neighborhood organization that you have represent? >> the outer mission merchant merchants and association, all the way from the city border to 280. >> he could also discuss or meet with the... >> okay, great. >> okay. >> any other public comment on this? thank you. >> good evening, my name is julana huvaten and i own the 6 unit building on the corner and i did send some pictures to miss black stone and one of the pictures that you saw, earlier was from my building with the vomit. and i do not get the noise, because i am the third building from the bar. so, i think that the other two buildings butttres me but i do get the vomit and the urine and the bottles. okay? so i pass by the building once a week and i have to clean up. i

stephen engle step down with the star turned social worker. >> we will continue to put our effort inkids education, particularly in western china. we also try to create another game [indiscernible] >> you bring some of your former nba colleagues over? >> yes. we try to do that. we had success in beijing last year, or peace. also, others. [indiscernible] guys like those play against the national team. >> this will not be a dennis rodman north korea thing? that is completely different. >> no comment about that. [laughter] >> you are here at the conference and that leads to the next question about fundraising. have you found that a challenge? you are probably the most wreck sizable not only overseas but in china. how was fundraising helped by that and what are the challenges? >> the challenge today, facing a challenge. transparency is one of the biggest issues here. you have your supporter of where the money goes. a clear message to make sure every candidate donate and spend in the right place. >> how much is needed on a yearly basis to do the kinds of programs doing the social good eve

let's get more from stephen engle who is in beijing. steve, what have we got here? economic growth, as you said, slowing in the fourth quarter in china to 7.7% from 7.8%. the median testament from economists was for 7.6%. so a deep forecast, albeit by disabled -- albeit by just a little bit. it is still a year-over-year figure. authorities are managing down growth expectations though, trying to whittle down the risks in the financial system due in part to over leverage. there has been a bit of a cash crunch in this economy as lending has been tightened. already nine provinces have set lower gdp targets for this year from last year's targets, indicating their margin orders have been ratcheted down for less emphasis on gdp growth. gdp growth for the full year 2013 rose in line with the of 7.7% as well. but it is the forward-looking numbers that we really want to look at. the median estimate of economists for 2014 full-year growth is for 7.4%. 7.4%means from 7.7% to will see some weakening, continued weakening. that will be the slowest pace of annual growth since 1990.

stephen engle spoke to him in shanghai. >> their airyou and.estment bank -- there are no speculations. the investment bank is very strategic for us. the strategy is working and is focused on supporting our clients in wealth management. defined as sets and capital that we want to put that work in the investment bank and the business model works. or for there is no necessity for us to make changes. >> is a spinoff one of the options you are considering? >> no. we are not considering that option. >> what would be next for you? are you happy with the pace of asset reductions right now or is something else in the pipeline? >> we are ahead about targets that we announced two years ago and a year ago we now announced an acceleration of that strategy. us tois no necessity for revise our targets. >> are there other potential assets? is there something else that would be a possibility at this time in the medium term in 2014? a veryink that we have well-defined business model. i don't think -- some of our coming off as expected. we are today the best capi

. >> that was congressman elliot engle criticizing dennis rodman's basketball diplomacy and there's nor rodman went on an explosive rant when asked about his recent trip to north korea. before tip-off at that game between former nba players and north korean players, rodman saying happy birthday to the north korean leader, who was in the stands, but back home in the u.s., critics are calling foul over rodman's reaction when asked about the detained american, kenneth bay. >> do you understand what bay did? >> yeah. >> do you understand what he did? >> what did he do, you tell me. you tell me, what did he do? >> you tell me. you tell me! why is he held captive? >> they haven't released any charges. >> kenneth bay's sister issued a statement saying, my family and i are outraged by rodman's recent comments, he is playing games with my brother's life. joining me right now is carrie chung and former ambassador to the u.n., governor bill richardson. thanks for joining me. i know this has to be such a horrific time for you and your family, as your brother, kenneth, has been detained with no cha

let me play what elliott engle had to say on the floor of the house the other day. >> bringing americana dictator like mr. kim would be the equivalent of taking agolf hitler to lunch. >> so how is dennis rodman doing on social media? >> not surprisingly he's really way down, depending on which filter you use and the most damning filters. the ethical filter, he's almost 3:1 negative. i got curious and asked who are the people supporting him? and why do they like him? number one, he has a limited fan base. number two, people think sports is a great unifier. the one filter we didn't apply that i would have liked to, is the idiot filter, because i think he would have done well. >> is there a filter -- >> i'm going to create one. >> there are people who may not understand the implications of what's going on in north korea. not surprising that he's down. let's talk about, shall we, the polar vortex. we certainly had a time of it. millions of americans endured subzero temperatures. our nbc affiliate in atlanta and cleveland, had to sit in an ice desk. the poor anchors were outside. what has so

bob engle from "the asbury park press" and co-author of "chris christie" which i'm sure must be flying shelves. they haven't told me. >> let's talk about the rutgers poll, favorability dropping 19 points, job approval rating 15 points to the down side from november. for perspective, after sandy, approval rating was at 73%. from where you sit and your knowledge, how bad is this? >> well, it's the latest poll in a trend that has started ever since the bridgegate thing started, the monmouth/as bury press poll showed him going down, but not by that much. now we get to the rutgers poll, what is significant in the numbers is 26% of the democrats have lowered their opinion of him. >> that's the bipartisan gap that was so crucial. >> he's painted 4i78self as a guy that can be bipardon san. if the democrats are abandoning him, that puts a dent in his armor. do you think that he really neither to separate himself completely from this 2016 talk, is he in danger being able to not lead the state of new jersey effectively? >> i think he can go on with his role in new jersey, but the question is the

. >>> plus, since 1989, congressman elliot engle has grabbed an aisle seat to shake hands with the president? we want to know why. coming up in three minutes we'll be right back. s from. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ "stubborn love" by the lumineers did you i did. email? so what did you think of the house? did you see the school ratings? oh, you're right. hey babe, i got to go. bye daddy! have a good day at school, ok? ...but what about when my parents visit? ok. i just love this one... and it's next to a park. i love it. i love it too. here's our new house... daddy! you're not just looking for a house. you're looking for a place for your life to happen. ♪ [ male announcer ] bob's heart attack didn't come with a warning. today his doctor has him on a bayer aspirin regimen to help reduce the risk of another one. if you've had a heart attack, be sure to talk to your

. >> mary engle of the ftc, thanks for being here. we appreciate it. >> thank you. >> our political panel, glenn thrush, is bridgegate just a traffic jam or as some liberal pundits are saying could this effectively crash any 2016 am bigs? >> i think he will not get an easy pass out of this one, jake. >> very nice. well played, sir. >> thank you. >> where's your chapeau? i would doff it if you had it on. much more with our political panel coming up when "the lead" returns. if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. for many adults, humira is proven to help relieve pain and stop further joint damage. humira can lower your

bob engle will join during the hour to weigh in. [ male announcer ] the new new york is open.vation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. is your tv powered by coal? natural gas? nuclear? or renewables like solar... and wind? let's find out. this is where america's electricity comes from. a diversity of energy sources helps ensure the electricity we need is reliable. take the energy quiz. energy lives here. to prove to you that aleve is the better choice for him, he's agreed to give it up. that's today? [ male announcer ] we'll be with him all day as he goes back to taking tylenol. i was okay, but after lunch my knee started to hurt again. and now i've got to take more pills. ♪ yup. another pill stop. can i get my aleve back yet? ♪ for my pain, i want my al

also somebody very familiar with new jersey politics, bob engle, who authors "politics patrol" and author of "chris christie: the inside story of his rise for power." steve, we'll start with you. "the new york times" are looking at his message that he had given out, that 108-minute news conference. more than 800 times he used me, myself, i sort of references, but then last night during the state of the state address during that 45-minute speech, about 97 times he used "we" references, then you're listening to the assemblywoman. has he changed? >> little difference between christie reading from the prepared text and talking off the cuff, two different public presenters there. i want to pick up on you asked a question about can he get a fair shake, can this republican governor get a fair shake from a democratic-led legislature, i know we look at politics in washington, that's the way we think about these things, will the democrats be going after republicans. i think the key thing to understand is that some of chris christie's biggest, most powerful protectors in new jersey politics have bee

devastating, it's devastating to me and to my family >> reporter:karen wold and her boyfriend bruce engleother as they walked away from the courthouse. they say they were financially ruined by the con job that this man.blessed marvelous herve pulled on them. losing a combined one-point-six million dollar.and three properies. over a six year period. >> reporter:according to court documents.it started when herve approached bruce.a tiburon realtor.saying he was the son of the president of the republic of the congo.and that his father wanted to buy numerous multimillion dollar homes in the bay area.but first needed money to fund his father's trip.then he needed more money because of legal troubles he was having with the u-s governement.bruce trusted him.wiping out his savings.before he turned to his girlfriend.a retired school teacher for help to try and recoup his investment. >> i honestly thought i was helping bruce, i thought i was helping herve.i don't think it was greed on my part, i just wanted it over >> reporter:she drained her retirement.borrowed against her properties.and from famil

someone like elliott engle told me he's been here for decades representing his district in new york.nd he says that he hears more from his constituents that they saw him shaking the president's hand whether it was george bush or barack obama than anything else he does. so maybe it's worth the hours. it's not just seven, eight hours. sometimes it's like 12 to 15 hours they set up shop here. >> they actually spend 15 hours waiter? >> reporter: sometimes even longer. i heard an unsubstantiated report there was one member who came last night. >> wow. >> people spend longer waiting for eh phoan iphone, though. >> can they go to the bathroom? >> reporter: it's not like a filibuster. they can walk around. >> slip jake a 50. >> don't try to save a seat on southwest airline that is long. >> there's the guy from "duck dynasty" the joined by the crossfire crowd. before we went away, s.e. had said we were talking about immigration refollow. -- reform. i think you wanted to respond. >> you said it was a molotov cocktail being thrown into the middle of the room. this president has gone above and b

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we should point out that it is tradition, a lot of lawmakers -- you see elliott engle from new york, democrat, he's often poised right there on the row. to try to get a handshake and face time with the president. a lot of these members have been posted up since about 4:30 this afternoon. you see mark pryor who's up for re-election in arkansas, the senator facing a tough re-election bid. kirstin. >> yeah, to your question about foreign policy, the president won't have much to say about that. also, this is a speech that's going to be focused on one thing, and that's the economy. how to get the economy moving, how to address the fact that there are americans who are still out of work. and as he has in the past talked about income inequality, that will be something he continues to touch on, moves the ball down a little bit more, and moves away from the income inequality and talks about really specific ways to help people who are suffering. really, realistically, how much of this agenda can he push through this congress? you know, you've got the big ticket items like immigration reform, t

we're joined my mary engle from the ftc. >> happy to be here. >> first of all, why these products inuse they're the only four or the most agregregi to you are? >> they're certainly not the only four and we have more investigations under way but they represent the range of products that are making deceptive weight loss claims and also in the case of sensa it was a very widespread advertising campaign. couldn't miss it if you watch tv, looked at magazines, and the sales were very large. >> so for you guys, it does matter how big the scope of these advertising campaigns is? in other words, if it's going to reach several million consumers as opposed to just a few, it's more likely to catch your attention. >> well, that's right. we want to put a stop to large-scale deceptive advertising campaigns, but we may also look at smaller ones as well on the internet that may be preying on particularly vulnerable consumers. >> what do these companies as soon as you come out and say they've made deceptive claims, they do not have to cease selling the product, but they have to immediately cease the a