. >> it is frothy when you look at panera and young, but one of the things as far as tech is concern, we saw google and it looked like decent numbers and the stock sold off. apple is one that we saw sandisk. haven't had an upday. it is a supplier to apple. everyone thinks it's the best thing ever. it's not. look what happened to nokia. they are destroying the competitors and squeezing the heck out of the suppliers and sucking the life out of a lot of market caps. >> let's focus on the financials. jpmorgan and wells fargo. we saw the space completely battered across the board. part was concerns out of europe. the european banks fell into the close and the u.s. banks take their lead from that sell off. next week you are looking at morgan stanley and that moves into the european banks of late. >> we have wells fargo and jpmorgan and that is as good as it gets. they are down almost 18% off the march highs. it's short that is down this much into events and what's becoming an uncertain market. the implied move is higher and almost a little under 5% going into the event. i'm not looking to m

but as far as tech is concerned, we saw google, looked lie ke decent numbers. apple hasn't had an up day since it pre-announced. everyone positions the whole apple supply chain is the best think ever. it's not. nokia is squeezing the heck out of their suppliers. >> let's focus on some of the financials. we have two great barometers. we saw the space, though, completely battered across the board. part of it was concerns out of europe. we saw the european bank sell into the european close and the u.s. banks take their heed from that selloff. and next week you're a taking a look at morgan stanley which has been probably among the most corrolatesed to the moves of the european banks of late. >> and one thing that's interesting, wells fargo and jpmorgan this morning, that's probably as between as good as . morgan stanley down almost 18% off march highs. it's tough to press shorts that are down this much in to events especially in what's becoming a very uncertain market. the implied move is higher than a lot of its peers. maybe a little under 5%. and i'm not looking

as far as tech is concerned, the drag definitely coming from ibm. ibm, in fact, responsible for 50 points to the downside. intel also disappointed. nasdaq has been positive for much of the day for good reason with yahoo! having beaten on its earnings. scott thompson saying one thing we've got to do is get real fast and good on mobile and that's one of the things that he wants. apple, meantime, bouncing back to the levels it was last friday. that is the big heavy lifter. in terms of that ypf story, ypf today it opened -- you can see there about 11:30th morning after shares resumed trading. this afternoon, the state department is weighing in, saying that it is very concerned about the move to nationalize the firm and is urging the government in argentina to moralize its relationshipdown 3. >> argentina hasn't had a normal relationship, as you well know. you hate them. >> the story has just become. stay tuned. >>> we're heading towards the close. another busy couple of hours. hope you can stick around. a lot to come. dow off the lows. down 45 points at

israel it supplies about thirty percent of the country's water from here the water is pumped as far as the same tech and south of the country where it is used for both domestic and agricultural purposes as water is the main reason for making peace or for going to war with israel and mexico learn over thirty years ago it's never been internationally recognized. that serious instability has israelis until the hawks many feel they start to continue oh and whoever replaces president assad could prove infinitely worse for them no notion in the world or. the board for roughly thirty five percent or for real water resources a strategic vantage point but chiefly a vital lifeline to a parched landscape for the syrians a thirst to get back in their hands is unlikely to be quenched no matter how damascus his future plans are policy r.t. golan heights. reaction to the syrian crisis in the region policy or spoke with you have to ship here from israel's institute for national security studies about what regime change could mean for syria's key ally iran full interview coming up in the next hour here's a preview.

israel it supplies about thirty percent of the country's water from here the water is pumped as far as the same tech and south of the country where it is used for both domestic and agricultural purposes the water is the main reason for making peace or for one of the war is wrong the next goal and over thirty years ago it's never been internationally recognized and returning the territory to syria was on the cards until relatively recently. but syria's instability has israelis on tenterhooks many feel they still technically at war and whoever replaces president assad could prove infinitely worse for them it will be like exchanging the boston strangler for jerk the ripper or vice versa and all the emotion in the world. for roughly thirty five percent or for real water resources a strategic vantage point but chiefly a vital lifeline to a parched landscape for the syrians a thirst to get back in a hands is unlikely to be quenched no matter how damascus is future plans are policy r.t. golan heights. much like the west iran is also eagerly watching events unfold in syria but from a very different perspect

israel it supplies about fifty percent of the country's water from here the water is pumped as far as the same tech and south of the country where it is used for both domestic and agricultural purposes the water is the main reason for making or for running toward israel and mexico learn over thirty years ago it's never been internationally recognized. that serious instability has israelis on tenterhooks many feel they still ticking a hole and whoever replaces president assad could prove infinitely worse for them it will be like changing the boston strangler for jerk the ripper or vice versa no notion in the world. to be important for roughly thirty five percent or for water resources and strategic vantage point the chief vital lifeline to a parched landscape for the syrians through to get back in the hands is unlikely to be quenched no matter how damascus his future plans are policy r.t. golan heights. you know gauging the reaction to the syrian crisis in the region paul asli also talk to us started up here he's from israel's institute for national security studies on the subject of conversation ab

didn't manage to recover the losses that we started seeing about su hours ago now as far as the positive side of things the tech firms are because of apple we know that it's show that it's net profit in the first quarter of two thousand and twelve increase it was better than expected and amounts to over eleven billion dollars a week again did offer some support to shares and. when the last very long now and take a look at currencies it's a pretty much a similar picture of what we've been seeing for the past couple of hours the euro is still it's gaining against the dollar when it comes to the ruble it's going to get that we buy and of the euro now in other news russia is of course still suffering from capital flight now the pace has slightly declined and that's for the month of april thirty five billion dollars left in the first quarter and that's more than a third of the total for the whole of two thousand and eleven there cannot. reverse in the flight once the you cabinets. i carried us what i have for you this hour ok marina thanks for that next hour. on the way the forces behind the people power which are m

as the search continues techs are pouring over 12 hours of data from sonar scans taken from several ponds not far from her home. yesterday divers found two cars in those ponds. detectives are following up on new leads. >>> university of california berkeley students could face more financial problems for their academics because of an earthquake project at the memorial stadium. katie marzullo is there to explain. >> reporter: that depends on who you talk to and it is a major point of con tension this important on campus. "wall street journal" is reporting private fundraising have fallen far short. the total project is supposed to cost 321 million dollars. the university said it would raise 270 million through private fundraising. apparently has only raised as of december 31 million dollars. there's a science professor here on campus who believes those numbers to be true and says the university could use student fees to cover the deficit. the university spokesman we talked with this morning, says no way, no how. yes they only have 31 million dollars cash in hand that is not an indication of any trou

as the search continues techs are pouring over 12 hours of data from sonar scans taken from several ponds not far from her home. yesterday divers found two cars in those ponds. detectives are following up on new leads. >>> university of california berkeley students could face more financial problems for their academics because of an earthquake project at the memorial stadium. katie marzullo is there to explain. >> reporter: that depends on who you talk to and it is a major point of con tension this important on campus. "wall street journal" is reporting private fundraising have fallen far short. the total project is supposed to cost 321 million dollars. the university said it would raise 270 million through private fundraising. apparently has only raised as of december 31 million dollars. there's a science professor here on campus who believes those numbers to be true and says the university could use student fees to cover the deficit. the university spokesman we talked with this morning, says no way, no how. yes they only have 31 million dollars cash in hand that is not an indication of any trou

date as far as they're concerned examiners they say that this is the ultimate way to determine if one is lying or telling the truth it might not sway british courts where lie detector tests on tech separated as standalone evidence the u.k. authorities are unlikely to make an exception in this case given the extraordinary lengths they've gone to to get their hands on look up boyd even asking russia to change its constitution to allow his extradition so we were clear that while it was a reasonably big ask it was not unreasonable to say that they should change the constitution to make possible the sort of judicial corp foreign minister sergey lavrov gave his british counterpart short shrift and look of oil remains in russia but he knows there's nothing he. his country can do to persuade the british that they're accusing the wrong man. if i did the scene with the help of russian specialists at the british would have been suspicious about the results so i insisted that the test should be administered by british experts people who came to test me are members of the british polygraph association and we will invite these experts as witnesses in any court proceedings i don't expect any s

far. the new technology is being used to raise awareness of the missing teenager >> as the search continues they're getting some high-tech help. look at one of the latest posters, see this code? if you have the right cell phone application you can scan that and carry around all the information but you need. this volunteers not only taking a picture of the poster, she's using her cell phones to zero n on the bar code printed at the bottom of the poster for a quick access to information >> everybody has a cellphone, it there is not a place where you cannot go to link to it >> q r stands for quick response. here is how it works, the application uses your camera to act as a scanner. you click on it and that launches the telephones web browser. seconds later, it website pops up with the picture, description, phone numbers and other links. it is a far cry from just having photos on milk cartons from decades ago >> we have come a long way. i remember the milk carton and that was a long time ago and this is great because not everyone drinks milk anymore. >> although the main headquarters as shutdown until the weekend, some teams

that the company would choose to be among the ranks of some of the more storied tech stories and to save money in the act as far as trading goes as far as choosing the nasdaq goes. this has been an ongoing pitch for several years of course with the facebook ipo in the pipeline. both exchanges are doing whatever they could pulling out all stops to woo facebook, but we do have news now that they will go to the nasdaq. brian. >> all right. kayla tausche, thank you very much. in fact, let us bring in bob pisani. bob, this has to be a big loss for the new york stock exchange. 800 million users, expected valuation around $100 million. not to mention all the media attention that's going to go with this facebook listing. what do you think the reaction should be? will be, from the new york stock exchange? >> they have no comment. i've already contacted them. that's officially where they're at right now. i agree with kayla's point about this. in terms of like whether you're here ringing the opening bell or there ringing the opening bell, i don't think that was that important to them. i also don't think the concept of lis

far who was diagnosed with leukemia as a child. >>> monday will mark five years since the virginia tech campus became the scene of the most deadly mass killing in our nation's history. as julie carey tells us tonight for one local family whose only child was killed it's been five years of grief and a five-year search for answers. >> reporter: in this room in the basement of the centreville home the pictures, awards, and mementos make it clear to see at just 18 aaron peterson was a dynamo, a stand out basketball player at westfield high school, an honor student, and already making her mark as a freshman at virginia tech. >> i was so blessed to have that 18 years. i loved being her mother. i was looking forward to planning big events. >> reporter: tears can still come easily when celeste peterson talks about her only child, one of 32 students and faculty killed at virginia tech on april 16th, 2011. and she says this five-year mark does nothing to erase the enormous sense of loss. >> personally for me it is a mark that i survived. i am able to still stand. as far as not having erin, it just seems like yesterday. i mean, i miss her

as the search continues techs are pouring over 12 hours of data from sonar scans taken from several ponds yesterday not farng for anything out of the ordinary. let's check traffic now. >>> there were earlier problems on capital corridor train number 524 running 45 minutes late it did affect ace 3 which got into the south bay 30 minutes late train number 5 just a couple minutes late. north 880 heavier approaching thornton because of an earlier crash. >> meteorologist mike nicco has your forecast, >>> 47 in redwood city, 48 los gatos, low to mid 50s mainly cloudy high clouds and sun this afternoon low to mid 70s inland mid to upper 60s -- tonight partly to mostly cloudy mainly upper 40s to low 50s. five to 15° warmer by saturday. >>> news continues with "good morning america." ♪ [ cheers and applause ] >>> did we ever find sam? there he is. good morning, america. humpday. halfway there. a great crowd joining us here. you know who is inside? it it's lucy liu. she has great reviews for her show, "southland." she has a project she's working on. recently back from haiti. there's always so much talk. >> has a spr

tech things as geeky things and we are war fighters. that is not our concern. what are some of the cultural changes that need to take place to have a far greater number of people to start take these factors into consideration in their fundamental plan? >> the chairman is emphasizing look what constitutes the american way of war. the american way of war has been under pinned by technology for a long period of time. it's important for the warrior to look at the extent to which that under pinning is going to change going forward. this is not an thetical to the way of the warrior. it's inherent part. even as we recognize the factors in the way wars are fought, technology has an impact. it's perfectly legitimately if you will. >> do you think there is a generational shift where a younger generation is much freer and open to technology? >> i think that is true. one of the concerns is we have a cyber conference for example. the national defense university. one of the questions i usually ask is how many people here under 35. usually get single digit hands. then i ask what does it -- what would you like to tell us? one of the interesting things

as the search continues techs are pouring over 12 hours of data from sonar scans taken from several ponds in coyote creek not far from her home they are looking for anything out of the ordinary. yesterday divers found two cars in the ponds. detectives are following up on new leads from the crime lab's analysis of evidence. >>> california's highly controversial high speed rail system will be front and center in sacramento today. committees from both houses will hear from the high speed rail authority on revised businessman o'plan which trimmed 30 billion dollars from construction costs. -- this in the wake of a report by the nonpartisan -- [ unintelligible ] >>> the san francisco agency that oversees muni has approved a plan to enforce parking meters sundays. directors of the agency voted yesterday to charge for metered parking spaces on sundays from noon to 6. goes into effect next year. agency is facing a projected 53 million dollar shortfall over the next two years. >>> oakland voters may face a new game in november with proposals to eliminate ranked-choice voting. a councilman wants voters to repeal ranked ch

tech right now joining his team. that's what they need. >> jon, you talk about parabolic growth as far as user base.r opinion on the more users take photos via instagram, the fewer users of facebook are using the facebook proprietary photo sharing platform. they've invested in higher quality photos. was it just they weren't working and people were leaving facebook to use instagram where you can like pictures and share them on a separate platform? >> you know, i might liken this to a mainstream car company buying a fine stream company. in zuckerberg's wall post he noted they're willing to take some of the features instagram has and done well at and import them into facebook's products leaving instagram also as a stand alone product. i think that's a key of what they're doing here. they're getting smarter from a mobile specialist. >> and think about how many people have been scratching and clawing to get into these facebook shares pre-ipo. you wonder what sort of shares instagram's team is getting. it's a split. the billion dollars is split cash and shares. it's supposed to close before facebook's ipo

light but underlying instakt in the markets allowed most tech earnings so far to meet and exceed their earnings, although revenue trents have not been asving. . >> ibm has been in a long-term transition toward higher solutions. so hardware was weaker because of a mainframe cycle that's in its late stages. so that's bleeding off. and ibm's been shifting their focus toward higher value solutions software which is focusing around analytic solution and cloud solutions. this is higher value technology and allows ibm to continue to deliver margin improvements as well. >> ed, this is carolyn in london. i want to get your view on the value. it seems like they're priced for perfection and then, of course, apple is in a league of its own. are valuations too lofty at this point? >> valuations at least for the near term have priced in very little room for error, so what we'll see today i anticipate with ibm as giving back a little bit of the froth that we recently got. of course, we do have investors that are looking at ibm as well as microsoft for their dividend yields here. so i think that gives us a little bit of a cushion that we might not hav

far on the metro, marc, or vre. over to you. >> all right. thank you. >>> 5:01. today has been deemed a day of remembrance at virginia tech as the school marks five years since a deadly shooting massacre. it was april 16, 2011. one student opened fire in a dorm and a classroom at the blacksburg campus. he killed 32 students and faculty before he killed himself. the day changed the lives of many including the family of freshman reama sumaha. her older brother, omar, became an advocate for gun law reform when his sister was killed. >> feel closer every day, but when i go to tech, it's like a special thing for me. when i go to norris hall and go into the classroom where she was killed, i feel something that i don't usually feel. it's just -- almost as if she's there with me. >> omar started the campaign to stop gun violence. scheduled events on campus today include a community picnic and a candlelight vigil this evening where virginia governor bob mcdonnell is expected to speak. >>> anti-gun advocates are also using today's events at virginia tech to call for more violence prevention. a group will be on capitol hill challenging

teches, it looks like you'll see nice, mild conditions. no rain across the board. maybe a spot shower in the north bay late tomorrow evening. as farings go right now, you'll notice we are not looking at much, just a few clouds drifting onshore because of the bigger system hanging offshore. that's going to move this way heading throughout the day tomorrow and tomorrow night. the chance of rain is in the forecast, especially the north bay. just a spot shower, but you won't see much until monday. 36 in santa rosa. 37 in napa. concord, 37. san to jose, 40. we have a slight wind. you factor that in and it feels cooler on the skin, 32 in santa rosa. 40 in sunnyvale. bundle up to make plans to head out in the next hour or so. here's our system that we are waiting on. this is a big area of low pressure spinning off the coast. and you'll notice the clouds already kind of pushing in, especially across the north bay. we are not expecting to see any rain until tomorrow night. and that would first come in the north bay. then eventually as we head through monday, the rest of the rain spreads this way. we are looking at mild conditions with a fr

tech if i cannily defined as two straight quarters or six months of negative economic growth. for us, it is a very bug week of economic data. so farersonal income and spending looks good for march. but it is the big april jobs report this friday that everybody is going to be waiting for. economists are expecting 125,000 jobs having been created. meantime shares of barnes & nobles are bucking the trend. book seller leveraging nook e-reader in a deal worth $300 billion with microsoft. they are going to form a joint venture to compete with apple and amazon on digital books. according to aaa and oil price information service, 38 states and the district of columbia are now saying gasoline prices lower than last year. nine cents lower in the metro d.c. area. and a new deal by sunoco is giving hopes in the east coast to see relief. they had been looking to close the philadelphia refinery this summer. now it looks more likely it could strike a deal on sell it which could keep it running. ecoast or west coast? well, according to bundle.com, this is a company that's based in new york, they develop rankings from credit card sales and say irv

as i do regularly, as most of us do, have no confidence in the tech -- technology capabilities of the department of homeland security. in fact, as an example, nothing has changed as faras airport security is concerned since probably september 12th, 2011. what would be the logic in making the lead organization the department of homeland security? >> senator, i think the issue, if i could, i want to break this out in three areas to make sure my responses -- >> make it brief, please. i have additional questions. >> yes, sir. i see three major things. we want dhs to take the lead on working with civilian agencies and critical infrastructure. we want dod to take the lead on defending the nation under cyber attack, fbi under law enforcement and intelligence, and i think all three of us need to work together as a joint team to move this forward. if we don't work as a team, then the nation suffers. inside the united states, that's where i think dhs has the lead. they don't in terms of the foreign and the things coming in. that's where you want us to have the lead. >> how many people are under your command? >> in cyber command counting our service components, a little under 1

far this year? best buy? good year tire and rubber? or yahoo!? now the payoff. good year tire and rubber. which is wiped out more than 20% of its value year to date. >> welcome back. as techs slide volatility continues to move higher. nasdaq indem for the first time in a year is trading above the vix. a lot of technology can be expected. now apple of course, sharp, correction, adding to that implied volatility. other losers for today include high beta momentum names when risk is taken off the table, these stocks sell off first. take a look at first solar, also getting hit by a downgrade. guys, first solar shares trade at 4.9 times sharp discount to average for renewable energy players. >> thank so much. >>> time for a quick market stat check. check out the volatility index which hit a high above 20 this morning. the vix is off the levels just above 19. hasn't settled above 20 since back on april 11. among the worst performers, checkpoint for solar. baidu reports earnings tomorrow and netflix posting earnings after the bell. netflix has the results after today's close and we will be all over that for the instant reaction once they are released. nasdaq composite dipping bac

of casualties so far in the aceh province and you'll remember back in 2004 that earthquake was a 9.3 magnitude quake and the swells of water in some places of the 14 country as techedk in 2004 were as high as 98 feet. going to update you throughout the stories and the headlines and christine romans has that for us. >> other stories we're watching. new developments from north korea. the communist country has begun fueling a long-range rocket for a planned launch time this week. pyongyang insists this rocket is designed to put a satellite in orbit and not as the u.s. and south korea believe to test a missile that could carry a nuclear warhead as far as hawaii and alaska. u.s. officials say north korea's launch would violate a u.n. resolution and have threatened to take appropriate action. >>> the race to save nine trapped mine workers in peru. rescue crews scrambling to get these miners out. peru's president is at the mine right now leading the rescue operation and told the miners they could be free in hours. they've been stuck underground for seven days after a collapse at that mine. the men are reportedly in good health. they do have access to oxygen, food and wate

as well. and the next tech battle field. and it's been two years since the bp oil spill in the gulf, we'll go live to louisiana to see how farrilling has fallen behind since that disaster. all that and more is coming up in the next hour. >>> first, though, more news on a potential merger between us airways and american airlines. sources say under the deal being discussed it would be branded with the american airlines name. it would be based in texas. again, no definitive deal on the table. only an agreement from the unions on the us airside which is key if you were trying to make these marriages work. it's crucial to get labor behind it. we'll talk more about the possibility of that actually happening this hour. >>> we'll take a look at some of the markets. gary, what a wild week for new issues. >> yeah, i want to say about this american airlines thing deal that you just mentioned. doug parker has really been, if you think of what he's been able to do with this company, it was american west that became american airlines, don't bet against that guy, he's had a very good track record of making deals work. a couple of thoughts

tech, energy and financials are taking it on the chin so far. we are now one hour into trade. you can guess it will be pretty much one sided. here we go. ass massively outpacing the advances. at the nasdaq composite let's look. a similar picture. >> one hour into trading. let's head to chicago. cnbc contributor, director of tgm institutional services. the bigger stretch may be whether or not it chases out some shorts? >> i don't know that it can now but what i'm looking at apple for is how it relates to the bigger picture now. remember that before earnings season started we were kind of in the throws of a correction and earnings season started to knock us off from that. now it seems that the negative news has ganged up on positive earnings. we have europe, china, soft economic data and now it seems like we are back into a correction. >> we are at 1,360 and i guess something happens to your mindset below 1,358? >> the technicals to me are kind of the fundamental picture. to me it seems enough people want to sell to take it below the trend line. i think 1,335ish is the down side. we have economic data. if they come in mixed i think the 1,33

tech is going to be. i would just say if you for your drone over my house, i'm shooting down. >> countermeasures. >> drones are like any other technology. the benefits far outweigh the down sides. as we are attentive to that, i have high confidence it will all work out. >> thank you all for coming. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> mike wallace, longtime correspondent on "60 minutes" the ideas today in connecticut. they spoke about their careers in journalism, their relationship, and some of the issues of the day. we will assure you that interview with mike wallace and his son at 3:10 p.m. eastern here on c-span. he was born in brookline massachusetts in 1918, and he served in the u.s. navy during world war, to -- world war ii. and you is one of the original correspondence 4 kaulitz 60 minutes," helping to launch the show in 19 -- correspondence for "60 minutes," hoping to launch the show in 1953. mike wallace was 93 years old. >> at 6:00 p.m. eastern this afternoon, our "newsmakers" interview with sean donovan -- shaun donovan. >> tonight on "q&a," the u.s. senate youth program -- was one