goldman versus is the "new york times" and wall street versus eric schneiderman.owing on wall street to take on eric schneiderman as effectively as a regulator. one bank i hear not part of this thing, or at least from what i understand, quote, unquote, on the fence is the biggest bank jpmorgan. the reason why they're on the fence to basically take him on they face a ton of regulatory issues including lawsuits by him but from what i understand, this effort among the big banks, we're talking about the major money center banks here, is growing. they are talking to congress, basically to hold hearings, to do something to rein in eric schneiderman. using his perch as new york attorney general with the martin act, a very expansive act, just by the fact that you threaten someone with a martin act action, which could be criminal, you can force them to change their policies. banks, as you know are regulated generally by washington, not bit new york state attorney general. that is the case the big banks are making. we should point out, and this is kind of interesting, the b

power users as ben bernanke he and tim geitner well the current attorney general of new york eric schneiderman who was funded by george soros by the way is no investigating the matter the a.g. position is one that eliot spitzer held before becoming governor spitzer is now once again so you know elected office as new york city comptroller to oversee the city's one hundred forty billion. pension fund oh and mayor bloomberg himself is suing the current contra war break out the popcorn because we smell like gangs of new york style fight brewing here well prague dysfunctional politics with a little rockwell in just a bad and i'll prob file the dysfunctional city of detroit as well and here's what they knew our prime minister and. i. the first hearing on detroit's bankruptcy began today the city has faced multiple lawsuits from retirees and city pension fund lawyers they're challenging the constitutionality of the chapter nine bankruptcy filing itself in court union lawyers argue the bankruptcy petition is unlawful because it overrides its a constitution which protects pension benefits today the jud

. >> kudos to eamon for the great work and eric schneiderman, the a.g.air playing field if you have a tiered release so the fact that they have moved to the shrines temporarily, suspended it, i'll give the tip of the hat to reuters for that. they should move away from this pleatly or they bring shim on themselv themselves. >> biggest movers in midday trading. dell is getting a pop. >> almost up 3% on the day. to me this is old news. iss came out and said shareholders should accept michael dell's offer to take the company private. i wouldn't be in this name or go out and buy it for the 30 or 40 cents upside. stay away from this name here. the news is out. delphi automotive popping. >> barclays raised their target. deutsche bank today. i think people are coming around with the restuck touring story and bopositive level. i think the author parts groups could be the best sector to own. >> mike rcron. >> downgrading the chips, micron suffering, not in the stock. >> yum brands, joe. >> like the assignment. why is yum going higher, 72 bucks but yet the concerns

george gascon and eric schneiderman say experts will be in san francisco to test apple's iphone 5 withctivation lock and samsung's galaxy s4 with lojack for android. phones as if they were stolen and try circumventing its anti-theft features to draw their own conclusions playing video games can pay -- at least for one university of oregon student. justin chavarria won $250,000 in mlb 2k-13's perfect game challenge. he beat three other finalists and was a guest of major league baseball at the all-star game. chavarria was a good high school athlete, but nothing like his skills with a game controller. he says he practiced the video game for six hours a day even while going to school. we will be right >>jacqueline: 445 on the clock. what did the latest on our forecast as we are expecting warm temperatures again today. >>erica: a lot of locations and the low 50s. that includes santa rosa, 57 out the door and oakland. your visibility chart and chose a lot more foggy ness. you are only seen. the rest of the bay area visibility is looking pretty good, however we still have several areas of low

way checking accounts are so the banks have found you know like a way around frank you've got eric schneiderman the new york is starting to look into this but isn't there something just fundamentally wrong with having to pay to get your credit to get your paycheck and when i was in the retail industry i was part of a program that where i had to pay fees for this and i did not care for it so i don't know what the political ramifications are but i did not care for this but starts me as very strange people just people when they work want to be want to be paid the normal way whether it's used to be in the old days in cash or in some places factories or with piecemeal word of a period and goal for it but i you know to be sated in chicken frozen chicken but what's you know what's happening here is that the banks have figured out that they can if they charge you know if they charge you fifty cents every time you look at your account if they charge you a buck for every withdrawal or whatever if they put a whole bunch of fees on here that they can make enough money that they can offer payroll services t

eric schneiderman, however, disagreeing with that in his statement today.ere's what the new york attorney general has said. he said the securities markets should be a level playing field for all investors and the early release of data undermines fair play in the markets. now, bill, i should say that this broader investigation beyond just thompson reuters could have implications for other news and data services that send information on a high-speed basis to market participants. a lot of those folks will have to be looking very carefully at their arrangements and figuring out whether or not they violate the spirit here of the rules that the new york attorney general is citing in this agreement. >> thompson reuters has said all along this was disclosed publicly, it was in their fine print. i guess we found something else that didn't read the fine print, ag schneiderman. >> and they said this time around it has continued to disclose this publicly and it will continue to disclose this publicly. they defend the practice. they say they've done this now voluntarily

that is according to "the wall street journal" according to attorney general eric schneiderman.looking closer at how much access the reporters had from media and tech companies who subscribe to the terminals. this comes after goldman expressed concerns about reporters access to bankers and traders data which goldman felt was a violation of employee's privacy. the ag's probe follows inquiries made in may by the federal reserve and the treasury. in may, bloomberg lp said it opened its own review but no word on where that stand. dennis: thanks very much, jo ling kent. still haven't heard any examples where this abused in any way but it's an interesting controversy. cheryl: we're minutes away from president obama's speech. he is expected to deliver what the white house bills as a major address on the economy. he will speak in illinois, knox college to be specific. moments ago house speaker john boehner took to the house floor ahead of the president's speech. he had this to say. >> republicans ha a growth plan, a plan for growth and jobs. we've been focused on that plan and we certai

eric schneiderman, who's got the job you used to have as attorney general of new york, is all out onse. these are companies that are giving the cards to employees. what's wrong with them? >> companies are saying instead of giving. >> check which you may then take to a check cashing site which will take out 8% from your paycheck, we'll give you one of the atm type cards which you can then take to a bank or some other institution. there will be fees attached to it. the question is are the fees so big that they're really bringing workers down below the minimum wage laws of the state of new york and how do you deal with the fees that attach to the pay system? it is a bit more subtle than they're saying the boss has to pay you $7.20 we'll pay you $6.50, that would be a clear viles of the law. do the fees get attached to the use of the atm cards the companies give the workers. if they do bring it below the minimum wage, use it in violation. the real issue is workers aren't getting the money they need and they're being brought below the minimum wage. >> bill: companies are using these becau

voluntarily suspended the early release of data at the request of the new york attorney general eric schneiderman but they're going to suspend it effective july 12th. the statement from thomson reuters saying, thomson reuters strongly believes that news and information companies can legally distribute nongovernmental data and exclusive news through services provided to fee-paying subscribers. review what they were doing here. this is university of michigan consumer sentiment data, often market moving data that comes out from the university of michigan, coming out from them for decades. thomson reuters pays the university of michigan about $1 million a year for access to that data. they sell it early to paying subscribers at 9:54:58 a.m. and at 9:55, two seconds later release the data to a broader group and public at 10:00. that tiered wrelease system is what's at issue. thomson reuters will suspend it for now as they wait for the review here from the new york attorney general. carl? >> eamon, thank you for a story you've been all over from the beginning. >>> straight ahead, the man who is telling