did, sent it pack to the fcc -- back to the fcc to try to explain itself better. so with this order the fcc tried to explain itself better. but i want consumers to know that should that ever happen, which is really hypothetical, there are plenty of laws on the books, antitrust law, the potential of class action lawsuit, there are a lot of ways to have a legal disincentive for internet service providers to do that should they think it makes good business -- >> in addition to competitive disincentives. >> guest: exactly. as we have more last mile competition through wireless broadband with more and more consumers and the vast majority of consumers having a choice of at least four wireless broadband providers. plus the unlicensed use we talk about, that helps mix it up as well. but what i hope the fcc would do immediately is to close a docket known as the title ii docket. that would classify internet broadband access as a monopoly phone service, again, under the 1934 communications act. well, the internet operates completely differently from that, it would be a bad i

what happens if the court overturns the fcc? what happens if the court supports the fcc? >> excellent question. i believe that was december 2010 on the darkest day for the fcc. internet service providers would somehow interfere with consumers internet traffic, i argued that there is no market study and there is no problem to be solved. second, the fcc did not have the authority to do what it did in an earlier court ruling. there is a similar attempt. the fcc tried to explain itself better. consumers should know that if that should ever happen, what is really a hypothetical, there .re plenty of laws on the books there are a lot of ways for internet providers. >> in a competitive business sense. >> exactly. >> there are more and more consumers having a choice of at least for wireless broadband providers. plus on licensees. censees.e un-li the internet operates -- it would feel this effort for there to be global regulation of the internet. ironically, some companies that push for net neutrality like google, have thousands of miles of servers and routers and data services. i

what happens if the court overturns the fcc? what happens if the court supports the fcc? where do we go with the issue? >> guest: excellent question. i descended to that on december 21st, 2010, i believe, the shortest day of the year in 2010, and -- >> the darkest day. >> guest: yes, the darkest day for the fcc in 2010. so the idea that interpret service providers in an anticompetitive way would interfere with consumers' internet traffic was at the heart of this. i argued it first of all there was no market study, and there's no problem to be solved. second of all, the fcc didn't have the statutory authority to do what it did. there was a ruling in april of 2010 where there was an -- a similar attempt where the court struck down what the fcc did and sent it back to explain itself better. with this one, the fcc tried to explain itself better, but i want consumers to know, should that ever happen, which is really hypothetical, that there are plenty of laws on the books, antitrust laws, consumer protection laws, the potential class action lawsuits with portion of interferenc

i appreciate the leadership the fcc is taking on this issue. -reduce the wireless consumer choice act with senator leahy and senator blumenthal, and we are taking this very system. we think this is a great opportunity to open us up for competition. i think you know that there's been a lot of outrage over the recent decision by the library of congress, not a, for for people but that is if it creates uncertainty for consumers who want to unlock their phones from one network to switch to another. and again i see this as an opportunity and i wondered, i guess thank you if you would commit to work with us on this to addressing concerns and to take action and do you agree unlocking is an impediment for consumers choosing to switch carriers and, therefore, is a barrier to competition? >> i do. i think that decision from the library of congress raise real competition and innovation concerns. i was happy see the legislation introduced, and thank you for your leadership. it appears to be bipartisan issue. we need to address it because right now there are

i appreciate the leadership the fcc is taking on this issue. i introduced the wireless consumer choice act with senator lee and senator lempel -- blumenthal. we think this is a great opportunity to open this up for competition. there has been a lot of outrage over the decision by the library of congress. the recent decision that creates uncertainty for consumers who want to unlock their phones from one network to switch to another. i see this as an opportunity, and i wondered if you would commit to work with us on this bill to address any concerns and take action. an agree that unlocking is impediment for consumers choosing to switch carriers and is a barrier to competition? >> i do. i think the decision from the library of congress raised competition. thank you for your leadership. it appears to be a bipartisan issue. we need to address that, because right now, there are criminal penalties for somebody who gets a new phone and unlocks it. it does not make sense. >> no it doesn't. anybody want to add anything? >> it is important to get past the

the fcc has five members. three are from the majority party, the party that controls the white house, and two from the opposition party. they are nominated by their respective parties in congress and by the president. there is some bipartisan consideration of this thing. it has not been offered up for a popular vote. but that is what the fcc is charged with doing. the fcc is an independent agency not directly under the control of the white house or the congress. host: speaking of the fcc, last week, the senate commerce committee held a meeting with an sec staff and the senate commerce committee member roy blunt was asking the fcc chairman of julius jenna kotowski about the money to oversee expanding broadband to rural areas. [video clip] thene of my concerns is failure to approve a drc underserved areas. -- to appropriately oversee underserved areas. havelief is that you wanted it to come in as a competitor, is that right? >> jibao things. we did adopt part of that last year and part of the funding was that it

the fcc has five members. three are from the majority party, the party that controls the white house, and two from the opposition party. they are nominated by their respective parties in congress and by the president. there is some bipartisan consideration of this thing. it has not been offered up for a popular vote. but that is what the fcc is charged with doing. the fcc is an independent agency not directly under the control of the white house or the congress. host: speaking of the fcc, last week, the senate commerce committee held a meeting with an sec staff and the senate commerce committee member roy blunt was asking the fcc chairman of julius jenna kotowski about the money to oversee expanding broadband to rural areas. [video clip] >> one of my concerns is the failure to approve a drc underserved areas. -- to appropriately oversee underserved areas. my belief is that you have wanted it to come in as a competitor, is that right? >> jibao things. we did adopt part of that last year and part of the funding

>> there are already both fcc rules and fcc rules regarding these sorts of things. so all the mouse print and the quick fast talk at the end of ads cover all of that. >> we just came to more than a billion dollars, probably two to $3 billion of outside ads from these undisclosed sources. so this is not a matter of, it's not an issue in front of the public. it's here. it's right now. what about you, ms. clyburn? >> i will look forward to working with you if there is anything that we have or have not done, or that you identified as deficient. we moved a long way in moving information that stations were previously keeping on premises to the airwaves. it may be opportunity for investigative work and the like of more clear. again, if there is anything we left out, if there's any ice not daughter i look forward to further engagement with you. >> so that's a maybe. how about you, commissioner rosenworcel? >> i will make it easy. yes, i agree with you. sunlight is the best disinfectant and we should look at our rules, make sure they're updated under section 317, and make su

do we need the fcc over that? dagen: many times it is very subtle.don't have kim kardashian trying to pump every diet out there. they don't have to disclose your being paid. if i am pumping some product, i should be required to disclose it. we do not do that. dennis: the government shouldn't be in every single drawer looking at everything we look at. dagen: i see your point about the specificity of the report, there being too specific about the disclose it, but if you're selling a product and getting paid, you should have to disclose it. connell: in the same breath if you don't follow them, we should seek enforcement action against you. i don't think advertisers realize that word in unless where does it lead, what about letting the internet grow, what about leading social media expand and worry later about wrongdoings? the sec brought very few changes, they went after ann taylor because they give out gifts. there is no harm done to consumers. is it a power grab by the ftc. dagen: if they are not telling me about it, i need to know that. dennis: you s

you define they have obligations under the law and fcc to provide informational services to the communities that we serve. we serve virtually every american through 170 licensees and operating 360 stations. >> how do you find it? >> it is a little bit complex. the corporation for public and unityng housas service grants for each of our stations. -- community service grants for each of our stations. the further away from the big cities you get, the more rural you get. the percentage of the grant can get up to one percent or 50% -- 40% or 50%. that is the basic grant. forave about a 6-1 ratio private donations from corporations and foundations and state governments and viewers like you. federaly dollar of invested, we generate another six dollars in nonfederal act to the. -- activity. >> if a station cannot raise money privately, does he go off the air? increase the donation? is a sliding kind of formula here you a larger stations need less. the grant is less of a factor than it is a more rural stations. we have a universal service fccirement than under regulations. we are obliged to provide

that's what the fcc is saying. they aren't smart enough it could be an advertisingment>> without to doing the due dilige. >> still ahead pet owners listen up. why you may soon see a change with the 30 frekdz healthcare. and she got the judge to throw out her pre-nup and now this couple's divorce may have just changed the rules for every married couple. arthur aidala brings it down next. we are following breaking news out of vatican city waiting for smoke from the sistine chapel. it could come at any moment. we will bring you details in a moment. >> here are quick headlines. it may not only cost you more as a doctor but you may have to pay more to keep your pets healthy. it's an exercise tax on certain medical device that is went in effect. some of the items are used on pets and people. it's a new discovery at department of homeland security. it highlights the northern border. the reported crossing for the terrorists behind the first attack on the world trade center. some argue it is giving up our security measures.

say the fcc decides to get involved, and that just spreads this out. between, by the way, between here and there, guys like you can have a field day. and i want to point something out. you said something very interesting, which is, the fundamentals of this company do, indeed, generally look good. that's why when you get beneath the surface, it's such a fascinating story. and when you really take the time to look. and i've said this so many times on cnbc. this is a highly nuanced story, requires a ton of research to really even really understand what the issues are. >> and that's why you're here, herb. thank you, we're grateful for that. this has easily been the most controversial stock in 2013. more on herbalive coming your way. heading toward the close. about 15 minutes left in the day, up five points. but it's like the weather in denver, if you don't like it now, just wait. >> so will we or won't we see the dow extend that winning streak to nine days? it's a photofinish, coming up. >>> also, president obama visiting the republicans on the budget on c

fcc taking action against another state for misleading investors about big money holds in the pensionstory next. >> all right, first, as we do every time at this time of the day, look at the 10 and 30-year treasuries. temperature year unchanged, 2.05%, and the 30-year, there it is, up changed as well, 3.25%. we'll be right back. we'll be right back. ♪ today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. ♪ >> this is your fox business brief, and it's now official, morgan stanley appoints komenski as the vice chairman as charlie reported joining in april. he's currently the capital market's editor for cnbc. much more in the 3 p.m. eastern hour op "countdown to the closing bell". the outlook in the industrial economies improving with japan and the united states leading t

the fcc recently filing claims against 29 defendants for sending out unwanted text messages to consumerskes are high. there is one that was sent to one of our producers. grab your electric bill and save up to 20% of current prices. not true. and tasty with special offers that trick you to giving away your personal information. a researcher issues annual reports on messaging threats. you have said people are more trusting of their phone than they are some cour sort of spam coming into their laptop e-mail. >> and they respond to it faster. if you get an e-mail to m cominy not look at it until the next day and it is pretty obvious what is spam. if you get a message on your phone, your phone is beeping at you to get attention, and people are far more likely if they get a link in a message to click on the link and follow it. gerri: how common is it and who are these people coming after them? >> they are very much the same people who have been sending e-mail spam. we have seen in e-mails for years moving over to new mediums. how common is it? at least 60% iphone users in the u.s. have received

more importantly, you know, you were the deciding vote in mcconnell versus fcc.obviously that has had enormous implications for financing. regrets? >> regrets, i've had a few. >> jon: i knew it. i knew it! you don't let me down, boy! you don't let me down, boy! an improv genius. how many songs were you going through before that one? >> it was out of the gate. i didn't know whether or not i would take the dramatic pause. >> jon: i engo id that very much. >> thanks expwronchts sandy, you know. >> thanks. >> jon: sandy, you know, you've done so much for the court. are you a fan of films? >> i'm a bit of a many ofy buff. >> jon: tell me some of your favorite actors in films. >> well, let's see, i love action films. i'm all about, i like stallone, van damme, rodman. they were in a film together once. >> jon: you are the perfect guest. only the perfect gt

. >> the fcc is looking into the dangers of cell phone radiation. the agency is seeking information from health experts whether it should update its standards, limiting exposure to phones' electromagnetic field. the standards were last reviewed in 1996. >> before you tear into the easter chocolate treats, they could cause you to break out. there may be a connection between chocolate and pimples. a study of men age 18 to 35, chocolate consumption made it worse and increased with the amount of chocolate eaten. let's get to leigh glaser checking our weather for your easter sunday. >> leigh: might be able to get some of those egg hunts in. there's a window of opportunity tomorrow. hi there. live doppler 7hd very active. dark green, moderate rain, we'll take you closer near the golden gate bridge. extending a little north of daly city, ore ocean beach, southern ma win county, east bay, richmond parkaway, wet pavement there, as this light band of showers moves through the richmond area. san leandro, towards castro valley. a little light rain, but on the p

more importantly, you know, you were the deciding vote in mcconnell versus fcc.obviously that has had enormous implications for financing. regrets? >> regrets, i've had a few. >> jon: i knew it. i knew it! you don't let me down, boy! you don't let me down, boy! an improv

more importantly, you know, you were the deciding vote in mcconnell versus fcc.iously that has had enormous implications for financing. regrets? >> regrets, i've had a few. >> jon: i knew it. i knew it! you don't let me down, boy! you don't let me down, boy! an improv genius. how many songs were you going through before that one? >> it was out of the gate. i didn't know whether or

. >> so the fcc basically says, if these lawsuits proceeded to overturn a patent, then the consumer mightthose generics sooner than they otherwise would. the brand drug people say, we're doing a deal where we're going to allow generics to come to the market sooner than our patent would allow if we were to prevail on the patent case. i guess what stands out to consumers is there is the idea of something that sounds vaguely anti-competitive about one company paying another company a fee, quote, not to compete. have i got that right? >> you've described thatwell, the situation. i think one thing that's worth keeping in mind. these are not, as one of my former colleagues once said, it's not a bag of cash that's being handed surreptitiously from the brand to the generic. these are in the ancillary agreements that stand on their own two legs, a co-promotion with the generic drug company to promote the product. in this case urologists to provide a new agreement. it's in conjunction with other arms length transaction. >> when is a decision expected? >> most likely end of the term, most people are

does the fcc have a say in this?ften voices opinions in issues it would like to have more influence. in the case of whether a cell phone can be unlocked, that's up to bureaucrats at the library of congress. these are the same people who decide how much money radio stations pay to play songs. now, the unlocking issue only affects a few people. it's whether you can sign up for at&t and cancel the contract and take at&t's cell phone over to t-mobile. under current law you do need at&t's permission to unlock it to be used on t-mobile thinking they paid for subsidy on that phone so they should have some say as to how it's used. they used to be legal. the rules changed in january. the big takeaway on this really is not whether the cell phone can be unlocked. a fellow from san francisco was able get the federal government to rethink rules simply by asking nicely on that white house petition. shares in apple fell on monday. apple dropped to be the second most valuable company in america once again. let's look ahead at today'

a major shakeup at the fcc. we turn to seema mody live at cnbc world headquarters.ood morning. >> very good morning. >>> we start with the markets. major stock indexes posted their biggest losses yesterday. increasing concerns about the ongoing banking saga in cyprus. nasdaq ending lower by 31. s&p 500 losing 13 points. the sec will soon have a new leader at its helm. the current chairman will announce he is stepping down as the head regulator of the top companies. it happens just days after another scc commissioner announced his resignation from the agency. nike stocks, company posting a quarterly profit up some. future demand for shoes and clothing is higher. shares closed up more than 8% in after-hours trading. we will have to watch stock when they open at 9:30 eastern. back to you. >> it is safe to say public reaction to changes proposed to yosemite park is mixed. >>> are they going to start saying, well, we got rid of all this, now, let's start tearing this down. let's get rid of all of this. >> they did a tremendous amount of really good work. >>> standing roo

that is the mandate they wrote into law to guide the fcc. is it in the public interest for people in rural areas to hospital, their local government services, family members, and others? the fcc is under both republican and democratic chairman have said yes, it is. host: on twitter -- are there steps you can give about where this program is most use? and the roleline internet connections? on the fcc website, the their reports on all these programs a go into great detail about where they're provided, how much, and where. universalder the service administrative company and their required to disclose where and who gets the service. that is how they have found out through these reforms, that there were a number people getting the service who were not qualified. as withgo to fcc.ogv, oft things, and the pages material and statistics, the universal service fund, enter that into the search box, the universal service fund, and it will take you to the pages. host: stats from the universal service administrative program. 110 million lines supported fo

we are not allowed to bring it on television, that is fcc law, did you know that? >> it smells good. >> absolutely. >> look at her. taste good too. didn't see a thing, did new. >> no. >> also, red and white clam chow december, garlic fries. >> how about some ketchup? >> what is the fun in that. >> mexican food or cheeseburgers or a bunch of gourmet sausages. for each of the restaurants it is a marketing opportunity to 40,000 people each gay. >> how about a play old fashioned all american hotdog? thank you. thank you. thank you. >> the hotdog will cost $6.75. that sushi burrito is $14.50! >> there is something for everyone at the ballpark. >> if you have a second mortgage. >> we are super excited about the orange and green and we have it going on. >> and the weather should cooperate. right now, live doppler 7 hd is picking up most of the activity in the central valley around stockton but we are looking at poor visibility along the coast, with plenty of fog, with mist and drizzle and the chance of an isolated shower. the golden gate bridge, here is a look, so be care

it's asked the fcc, commerce department and others to look into changing the law. if that happens, some predict the price of cellphones and smartphones may rise quickly. "it is no secret that consumers will pay more for phones, because the carrier isn't going to absorb the cost. they'll front-load the contracts so you'll pay more up-front and the value of the phone will die at the end of two years." verizon, at&t and other carriers have backed the restriction as it stands now. the wireless association, known as ctia, a trade group representing cellphone companies, says an exception is not necessary because carriers have liberal unlocking policies - anecdotally, cell phone users say this often comes with a fee. this week, the library of congress issued a statement saying that the matter should be reviewed by congress. the sequester is about to feel a lot more real for some. the first furlough notices are in the mail and on their way to federal agency employees. the total number of days off without pay differs agency-to- agency, but it's expected that more than half

the white house says they will work with the fcc to resolve that issue. anne marie?to make a lot of people happy who are already, you know, jail breaking their phones. >> that's right. >> ashley morrison here in new york, thank you very much. >>> straight ahead in sports, big bucks. 2013 has already been a great year for super bowl mvp joe flacco. find out why it got a lot better. flacco. find out why it got a lot better. the moment my moderate to severe chronic plaque psoriasis started getting in the way that was it... it was time for a serious talk with my dermatologist. this time, he prescribed humira-adalimumab. humira helps to clear the surface of my skin by actually working inside my body. in clinical trials most adults with moderate to severe plaque psoriasis saw 75% skin clearance. and the majority of people were clear or almost clear in just 4 months. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infections lymphoma, or other types of cancer, have happened. blood, liver and nervous system

it's an fcc law. did you know that? >> so i hear. >> smells good. >> this tastes good. >> also, garlic fries topped with gravy, parsley. >> is that ketchup? >> yes. >> you may choose from mexican gorditas or gourmet sausages. here are piles of pulled pork. for the restaurants, it's a marketing opportunity to 40,000 people per game.. >> it builds our brand. >> especially now at the start of a new season. >> how about a plain old fashioned hot dog? >> thank you, thank you. >> we might add the hot dog will cost $6.75. that is sushi burrito, $14.50. we have major league food and major league prices and a major league team, back in town, starting tomorrow. at at and t park, wayne freedman abc 7 news. >> you showed off your major league appetite. wayne, thank you. >> first dave all electronic toll collecting went smoothly but things did get hairy by mid day. listen to this. >> no stopping there. no backing up. >> that is an attendant warning the driver not to stop. a few cars did just that. we saw a man get out of the car to

clear channel owns 80 los angeles billboards saying in an fcc filing, quote, that operating results could suffer if they have to remove the billboards. they better have another excuse better than that. if they said, well, wait a minute, there's others in lights that are bright. they investors don't like the story. clear channel communications moving lower by 1.5%. more than that, and we spoke to clear channel, picked up the phone, and they are not taking the signs down until the city gives them specific directions, and it's too early to tell how this will impact their company, but we'll keep on the clear channel story. banks in cypress. if you believe them, they said they are set to open tomorrow. here's where it stands now. they delayed it a million times. no one leaves cypress with more than 3,000 euros in cash, no international wire transfers. here in the u.s., you can't travel with more than 10,000 so you can see how desperate they are tamping down. debility and credit transactions limited to 5,000 euros a month, and, timely, you cannot cash checks, but you can deposit them. rich edis

fcc has approved the deal. would it allow t-mobile to take on subscribers to come pete with market leaders. and the u.s. committee on foreign investments. >> tab blets are poised to overtake apple tablets for the first time this year. this predicts the ipad is falling to 46% from 51%. also predicting that more than 190 million tablets will be shipped this year. concern over bank debt limits leading to a mixed close on wall street today. and pinterest is rolling out a new tool as it lays out foundation for possible revenue producing items giving web site owners insight into how people are interacting with pin that's originate from their sites. pinterest valued at $2.5 billion. in san francisco, i'm emily chang, cheryl, larry, back to you. >> thank you. >> a religious software company is making it easy to track the conclave development was the selection of a new pope. logos bible software developed a free conclave app this, includes video from vatican tv, a twitter feed, bios of the cardinals getting the most onl

. >>> the internet giant made the figure public in an fcc finding. stock makes them billionaire ranked as the 20th and 21st richest people in the world by forbes magazine inside it's a new season for the nfl. some big moves made today by both the 49ers and the >>> mark is off tonight, joe is filling in. boy the sharks better get a move on here. >> they're going in the wrong direction. the san jose sharks are sinking fast. the sharks tonight in st. louis trailing 2-1 in the final seconds of the second period. jackman hurry throws the puck into the net where it's fired fast. niemi. patrick marlow to boyle. but the sharks couldn't get even. the blues win 8-2. the sharks number 10 in the west. just two points away from number four. >>> the new nfl season officially began today that means the trades we heard about for a few days are official. alex smith is a chief and boldin is a 49er. one player who is no longer a 49er is delaney walker. walker has agreed to a deal with the titans. walker's versatility was his biggest asset in seven seasons with the nine

>> the fcc is investigating improper payments to her chief of staff, and then the head of the cia, heserious guy, and if they find out there was some hanky panky -- they are looking into intentional campaign contribution violations. so she's in a whole mess of trouble, and i think this is maybe the one thing that could bring her down. of course that's up to the people of minnesota. >> michael: that's true. but it would really be a shame to see her have to suffer through that. >> oh yeah. >> michael: ted cruz stat sat down with the dallas morning news to go over how his first months have been going, and he said the biggest surprise . . . bill, why does cruz relish in picking fights with his own party? >> i think the biggest surprise in washington is ted cruz's loud mouth. he just cannot shut up, and he feels he has to be out there on any and every issue. this is tough, but he is the most obnoxious of the 535 people on capitol hill. he has been reprimanded not only just dianne feinstein, but also lindsey graham and others. like at hillary clinton, al franken, elizabeth warren the senate

. >> this past week, the commissioner and chairman announced their resignations from the fcc. we spoke with him before his announcement. hear more on "the communicators" on c-span2. now, former republican and democratic national committee chairman discuss the future of the political parties. participants included haley barbour and others. it was held in washington, d.c., and it was moderated by a correspondent. this is about 45 minutes. [applause] >> good morning. we are so glad to have you with us with this set of panelists who have not been on the sidelines. what i like about this is we're with people who have been in the room when decisions are made, they have been on the forefront when the sunshine of politics and the heat of politics has been bearing down on them. they know what it is like and can give us a road map of where things might be headed. we will have some fun, and because my day job lets me ask lots of questions, i want to make sure i ask the audience to think about things they want to hear from you directly. we hope our audience will think of questions. we wil

what the fcc is saying take this and the daytona studebaker, let him take this now so there could be movement to urge congress to change the rules so you can unlock this thing before the end of the contract and not go to jail and pay a fine. >> you get sick of your cell phone carrier you can move without paying a fine. >> we can negotiate and get better deals. >> you can always use it once you finish your contract you have to go through a pizza czbi process but you can do it already. >> thank you very much. >> it is 10 minutes after the hour. coming up he's a chinese general who once threatened to nuke the united states. why is he now being allowed to visit the bepentagon? we will tell you this. wasn who is the richest person in the world? coming up next first as we get a break let's take a look at the gas prices. 3.47 national average. down $0.01 from yesterday. >> it is 14 after the hour. here's what you missed while you were sleeping. the u.n. security council will meet about north korea. it comes as diplomats announced the u.s. and china agreed on a 4th round of sanctions over no

with us, jamey barnett, also a former chief of the fcc homeland security bureau. >> hi, shep. >> shepardserious is this? >> the north koreans continue to spend a lot of money on various military things and the fact of the matter is cyberwarfare is a major part of modern warfare. it's not unlikely they've developed this capability and are using it because they've been upset at the south koreans and americans. >> first they nullify the arm we korean war and it appears at least that the north koreans hack attacked the south koreans. you wonder where the tipping point is and how far we are from it. >> i would like to think that cool heads will prevail but anytime someone makes these attacks, you have to be cautious. i understand why the south koreans put folks on alert. the united states and south korea have been doing regularly scheduled exercises, full eagle, which lasts for two months this spring and it makes north koreans anxious. the north koreans accused the south koreans and united states of launching cyberattacks and they experienced outages last week. >> one of the matters that gets

. >> you said on april 13th that the firm was, quote, very comfortable with positions in the fcc, as michael cavanaugh pointed out that statement was wrong. when do you learn your statement was false and did you take any efforts to correct the record? >> based on the benefit of hindsight, the bank and i were misinformed and correct when i said we were very comfortable. based on information i had available to me at the time from a whole range of sources, independent work done, i believe that to be true, passes i discovered there were behavior patterns, in consistent subsequent to the thirteenth in the portfolio's performance, myself and jamie dimon, john hogan, began a much deeper inquiry. >> besides the traders who miss marked the book, who should be held accountable or has anyone been held accountable aside from the traders for breaching jpmorgan's own internal risk limits and adjusting the risk models? >> is that a question for me? >> yes. besides the traders, i am sorry, besides the traders who miss marks the book who should be held accountable for breaching jpmorgan's and interna

there's a lot of people who take the fcc. the investment banks, goldman sachs, morgan stanley and others and lehman, had 40-to-1 leverage of capital. why could wow let that happen? they had sex months between bear stearn problem and what happened. they had six months. what did the government do in those six months? so to blame industry -- look at the others on the other side that had responsibilities and they failed in. >> let's go to another question. [inaudible] >> [inaudible] >> of course they are. look what happened at enron. the auditing firm went out of business. one of the biggest investments in the country. we have to get back to the center and not think somehow everything is crooked. that's not the case. >> [inaudible] >> yeah. >> what advice would you give to smaller companies, and are you concerned about these developments and what it's going to mean for the american economy? >> well, of course i'm concerned. look, i'm running a company now that's private, and it's not going to go public. [laughter] it expanded rap

. >>> the internet giant made the figure public in an fcc finding.google stock makes them billionaire ranked as the 20th and 21st richest people in the world by forbes magazine inside it's a new season for the nfl. some big moves made today by both the 49ers and the >>> mark is off tonight, joe is filling in. boy the sharks better get a move on here. >> they're going in the wrong direction. the san jose sharks are sinking fast. the sharks tonight in st. louis trailing 2-1 in the final seconds of the second period. jackman hurry throws the puck into the net where it's fired fast. niemi. patrick marlow to boyle. but the sharks couldn't get even. the blues win 8-2. the sharks number 10 in the west. just two points away from number four. >>> the new nfl season officially began today that means the trades we heard about for a few days are official. alex smith is a chief and boldin is a 49er. one player who is no longer a 49er is delaney walker. walker has agreed to a deal with the titans. walker's versatility was his biggest asset in seven seasons with th

they say the justice department and fcc examining bribery claims in china, romania, and italy according to the sources, and we should note that a microsoft internal probe found no evidence of wrong doing in china, but there's an investigation going on now. the stock flat on the day. we'll see how it is impacted as markets digest the news. cybersecurity, a main topic of discussion as jack lew spoke with the new chinese president in beijing. peter barnes in washington, d.c. with more on this story. peter in >> hey, melissa, that's right. last month, a private security firm tied the chinese military to sib attacks on more than 140 # u.s. companies. that is at the top of the agenda at these meetings in beijing. analysts described them as a get ascwaipted session to set the table for this on future issues between the two countries. the treasury official says, quote, it was a warm and wide ranging discussion, and they were candid and direct in the comments saying lew and they talked about including cypress and property and north korea. >> we're in step one of deciding what to do with this gov

i remember hearing that chairman of the fcc give a talk, which i listen to. imagine being a schoolteacher in to giveppi and you want out a homework excitement that requires going on to the internet and doing some research, is that a fair thing to do? if the answer is no, then the other half does have internet and the other half-dozen, they don't have a fair chance. isn't it important to give tools like that to every kid in america? we have found the right program and have started a program internet essentials and partner with people to give folks cheap and educating them with programs we have available. we have half one billion families and kids who have been affected for the past two years. that opportunity does not come to every company in america. we are only getting started. i like what we are doing. has locked in the olympics for the next few years or so. really for-profit enterprise when that is done? >> we have publicly said that we have broke even to a slight profit on london. our credit processor in vancouver and beijing said they lost a couple of mi

it is thursday night, it's time for our weekly tribute to the fcc where we bleep and blur things whether it or not. it is "this week in unnecessary censorship." >> washington is abuzz about last night's "60 minutes" where they saw president obama and secretary of state hillary clinton [ bleep ]. >> we're going to have an open discussion. we're going to [ bleep ] each other hard. >> all i'm thinking is i want to [ bleep ] this girl. >> she was a hit at the golden globes and now amy poehler has [ bleep ]. >> it's so [ bleep ] slow. >> people don't need any heart figuring out winter will be with them a while longer. they can feel it on their [ bleep ] faces. >> welcome to the world of something. >> no more [ bleep ] around, i got to get back to work. >> i've come to believe that most [ bleep ] don't believe they're [ bleep ] in the beginning. >> it's called [ bleep ]. >> you use all this anger that you have got and you [ bleep ] yourself. >> name a place on your body you wouldn't want a doctor to stick his [ bleep ]. adam? >> in your butt. >> in your butt! >> jimmy: we have a nice show for

it's thursday night, time for our weekly transcribe yult to the fcc where we bleep and blur things whether. it is "this week in unnecessary censorship." >> do you remember [ bleep ] me? >> many times. >> good luck tonight, i'm sure you'll meet a lot of stars. >> [ bleep ]. >> a slow start for the clippers turns into an all out [ bleep ] fest against charlotte. >> now you've got the gop big shots running the little people around and the little people in the party [ bleep ] the big shots. >> all the stuff you tried today, it was incredible. and then [ bleep ] the monkeys, everything, i had so much fun. >> the person who [ bleep ] the most [ bleep ] will win an advantage. >> we're going to show you how to make the entree. it's going to be delicious. i'm going to go [ bleep ] a papaya. >> careful. >> i'm like yeah, and then i got [ bleep ] by hugh jackman. >> ang lee, i [ bleep ] love him. >> jimmy: we have a big show tonight. california lieutenant governor gavin newsom is here. we have music from ziggy marley. and we'll be right back with jim parsons. so stick around. ♪ ♪ ♪ advil pm® or tylen

the fcc urged the f 5a for use of tablets, ereaders and other devices and delta on record urging the faa to expand use of electronic devices in flight but limiting cell phone calls to on the ground only. there's congressional pressure for change, as well. senator mccaskill of missouri says it threatens public confidence in the faa. the agency already allows pilots to use electronic tablets in the cockpit. an faa committee due to report the recommendations this summer, changes if any may not come until months later. for "out front," david mattingly, cnn, atlanta. >>> all right. first victoria's secret said they were marketing underwear to teens. this is pretty provocative for a teen. call me. you hope he has by the time he sees them. and then they said they aren't marketing it to teens. are you cool with your tween wearing these? >>> two spent $600 thousand dollars on gucci clothes? the guy who wrote "friday night lights." seriously. >>> now i want to talk about (screams) i'm really glad that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking