staff to the fcc for several years. you were chief of staff during the last shutdown in 1995-1996. what was that like? >> it was really tough. it was very hard and required us to do a lot of planning prior and cleanup. my favorite story if i can tell you the story from it. iere was a group of asians think indonesian who came to visit reed hundt and i. they had to walk up eight flights of stairs because he elevate -- elevator was not work. they were out of breath and they said, what the heck is going on? reed said the legislative branch decided to shut off the executive branch. they started laughing. they said not country it is the opposite. a message.lly is the world thinks we're crazy when we do things like this. the market things we are crazy. it has a long-term effect on the economy which is very negative. 38harold furchtgott-roth, employees of the fcc were considered essential for this past shutdown. lostdoes the work that got in this 16 days? >> there were several activities that the commission does that was not do

we actually proposed industry-wide trials to the fcc that the fcc would actually help put together in a collaborative way working with everybody. and so i think they've at least to this point, punted on that decision. i don't think not having trials is an acceptable answer, because i think it would, in essence, say the government saying we're not going plan for this. >> and your point -- are not method cll -- methodical. >> the fcc planned the tv transition, conducted the trial, learned frem -- from them. it went fairly smoothly. i think that what needs to be happen here. i'm hopeful it will happen. >> my time is expired. it's up to the chairman if you want anybody else to respond. >> comment, please? real quick. >> with all due respect, the concept of the trial, in my opinion is -- the reason behind it we do it all over the place today and interior networking and how we connect other cooperative parties. we smart people. we know how to do it. we are losing ground -- we're not trying to make the revolution of ip even more profound. let's get going with it. are there things we have to

do you think the fcc should do a pilot project? and test some of the ip networks to figure out how to make the transition easier for consumers, for businesses? where are you on the pilot project? >> i'm in favor of one but i have to say i probably don't need to be as delicate as mr. cicconi may need to be. i think the fcc has been a little slow i would say in getting these trials off the ground. so i would like to see them move quickly. and i think they would yield useful information. but i don't want to see them used over a long time of watching the fcc. sometimes i know when you start things like this they can be used in ways that delay ultimately the ultimate decision-making. that shouldn't be allowed to happen with these projects. you started out by mentioning the interconnection in the ip transition, and i just -- i said this in my testimony with regard to ip interconnection. i don't think that, and i'm just assumed will have the trial or not, but ultimately i don't think the fcc should presume that it's going to regulate thes

the fcc will address this at the open meeting next monday that in a world where the fcc could only regulate based on market power and response to unfair or deceptive practices, and some have urged, world america would be out of luck which brings me to my larger point. ip technology brings the potential for new services but it brings the potential for new ways to crash the system. ip doesn't with a lot of legacy equipment or services. it brings in all of the cybersecurity issues like malware and cyber attacks with any of the existing defenses. i'm not alone in worrying that things could go wrong. the department of defense and the federal aviation administration have both filed with the fcc to express concern the ip transition if not handled properly could interfere with vital government operations. as with roll call completion we may find we need the fcc to use its is the authority to solve these problems. rather than thinking of the fcc as an obstacle that stands in the way, we should think of it as our last defense against a total train wreck. at the end of the day the measure of success f

we actually proposed industry- wide trials to the fcc that the fcc would actually help put together in a collaborative way working with everybody. and so i think they have at least to this point punted on that decision. i don't think not having trials is an acceptable answer because i think it would in essence be the government saying, we are not going to plan for this. and when you did the dtv transition -- >> your point is the trials are not methodical and they are not fully thought through? >> the fcc actually planned the dtv transition, conducted the trials, learned from them, and it went fairly smoothly, and i think that is what needs to happen here and that is what i still am very hopeful will happen. >> it is up to the chairman if you want to let anybody else respond. >> may i comment please? with all due respect, the concept of a trial, in my opinion, is a boondoggle. the reason behind it is that we do ip all over the place today in interior of networks and how we connect with other cooperative parties. we have got smart people. we know how to do this stuff right now. we are lo

are and risk -- are at risk of being stranded, should the fcc change its stand? >> i do think it is appropriate for the fcc to move forward, put together an approach where plan at your direction, congress's direction, that is widely endorsed that anticipated this very issue in the words you quoted. unfortunately, we are four years along here and i don't think we have seen the implementation of some of the things that they recommended. hopeful that,ery once the commission is tactful strength, that they will do so. again, our competition last year for the thai pete rouse was designed in part to spur along the very process you just highlighted, sir. >> again, when you are the last guy at that, some of this you touched on before, but let me ask you to elaborate if you will on the types of services that would be available through these internet protocols that are not available in the copper networks. >> i think the ip transition -- and i am at risk of oversimplifying. i am a liberal arts major, not an engineer. large, it is about voice become simply another applicatio

chief of staff to the fcc for several years.nd, in fact, mr. levin, you were chief of staff during the last shutdown in '95-'9 6. >> guest: that's right. >> host: what was that like? >> guest: it was tough. it required us to do a lot of planning prior to the shutdown and then a lot of clean-up. i think my favorite story, if i could tell you a story from it, there was a group of asians, i think mostly end nices who came to visit reed hunt and i. hayed they had to walk up eight flights of stairs because the elevators, for some reason, weren't working. and they get up there and tear out of breath, and they just say, what the heck is going on? and reed says, well, the legislative branch decidedded to shut down the executive branch. and they started laugh, and one of them said, you know, in our country it's exactly the opposite. but there actually is a message there which is i think the world thinks we're crazy when we do things like this, and markets think we're crazy, and this has a profound effect on the economy which is very, ver

i don't think we will ever change the fcc. the last question, have you seen in the business sector the cutting of the cord from a land line to cell phone for the business community as we have seen in residential services? >> that's an excellent question. in the business community, it is a distinctly land line oriented business. mobile phones are part of the workforce the way that businesses communicate and collaborate is inherently a land line function. it's because there's group capability going on. you continue interacting with a wide variety of locations perhaps and so forth which is not conducive to how the cellular technology has been deployed which is more about the individual and how that connects together. if i may on the important argument about security and public safety, the competitive energy already has migrated to for the most part ip based 911 service. it's a far superior solution than currently the legacy one. why? because if on and eyepieces we are trying to get the customers a call to emergency authorities th

from that perspective is that beneficial to the fcc? you have served on both sides of the but is that beneficial to the fcc so you can move forward or to zap put -- does that stop the work that you can do because congress hasn't focused on that? wouldn't you prefer congress not to be focused on a? >> guest: it depends. and let me be clear there are some members of congress who has spent a lot of time focusing on the fcc. the chairman of the subcommittee on telecommunications in both the house and the senate and then the members of the commerce committee in each body focus more than other members do. on almost any issue at the fcc there's probably one member of congress somewhere he was actually very interested in it. on a whole there a lot of issues that the commission where there isn't a lot of interest on the hill. just as an example, a the commission does routinely thousands and thousands of license transfers every year that are between small private parties and unless it's someone who is a constituent in that particular congressiona

>> well, i think the fcc -- the congress got it right when they authorized the fcc to create a competitive auction. and now the fcc has to take that mandate and create a competitive auction. our belief is that every carrier should be able to bid in this auction. large carriers and small carriers. at&t and verizon and all our members, sprint, t-mobile, everyone. and we should be able to bid in that spectrum auction with wide-sized, geographic-sized licenses so that the smallest carriers are not, you know, forced out of the auction because they can't afford huge blocks of spectrum. and with that we believe that every carrier should be able to bid. now, even right here at this table just a few weeks ago commissioner rosenworcel said that she believed no one or two carriers should be able to walk away with the entire spectrum auction. i totally agree. i believe the fcc has the authority and has the, you know, hopefully the will power to insure that not one or two carriers can walk away with the entire pie. i mean, the fact of the matter is spectrum is the life blood for the wireless carrier, a

>> guest: i think the fcc -- congress got it right when they authorize the fcc to create a competitive auction and now the fcc have to take that mandate and create a competitive auction. i believe that every carrier should be able to get into this auction large carriers and small carriers. at&t sprint all of them and we should be able to bid on that spec term auction with geographic size licenses so that the smallest carriers are not forced out of the auction because they can't afford huge blocks of spectrum. with that, we believe that every carrier should be able to bid. now right here at this table just a few weeks ago the commissioner said she believed one or -- no one or two characters should be able to walk away with the entire spectrum auction. i totally agree. i believe the fcc has the authority and has hopefully the willpower to ensure that not one or two carriers can walk away with the entire pie. the fact of the matter is that term is the lifeblood for the wireless carrier. if you are a small carrier in rural america and you don't spectrum to deploy a robust 4g lte technology

wants him to head up the fcc.of course, there are five seats on the federal communications commission, and three of them are vacant. and, of course, they're looking for some good democrats, because that's how it works when you have a democratic president. wheeler is a democrat, and republicans are worried that he might, wait a minute, enforce provisions of the disclose act? well, we can't have that. the disclose act is a failed bill that would require independent groups to disclose names of contributors who give more than $10,000 to independent groups for use and political campaigns. if those provisions are enforced, the secrecy behind citizens united would be very much out in the open. the federal elections commission would have records of how much money super pacs and corporations spend on political campaigns. the big-money corporate interests, ooh, we don't want anything to do with this. hell no. democrats support the bill. they're in support of the bill. as a way to bring transparency to the political funding

. >>> bill gates has invested in fcc. fcc took a hit from spain's property crash, but since june, its shares have doubled in value. so what we're asking is what does bill gates do with a spanish construction company? and what does he know that we don't? send us in your thoughts on what that might be. e-mail us, worldwide@cnbc.com, tweet @cnbcwex or direct to me @rosswestgate. >>> eurozone countries must reveal how to deal with their dead hidden banks by late november. this week, country leaders will gather in brussels with banking unions once again high on the agenda. before such a move can be xwlekted, the ecb wants to test a t health of the biggest european banks in a draft seen by reuters. demands the country outlined within five weeks just how they plan to help banks in trouble. how would portugal -- portugal has the capabilities to deal with banks in trouble. >> it doesn't have the same problems as the lakes of spain or ireland. i pointed out to him the idea as a company operating in one of the cool companies would s

just because the fcc is on furlough, you shouldn't be on furlough. >> yeah. keep track of it. as soon as the furlough is over they are going to be in big trouble. >> thank you. >>> well, paul, today another gorgeous one. but chris in the morning, it was kind of nice. >> reporter: yeah, it was. all the moms and dads walking the kids to school say it was chilly. by lunchtime it was perfect. >> the sweatshirts. >> reporter: transition at about 11:00. great weather outside if you like sunshine. think you will like the next few days. live look toward the. go marine layer, not seeing it right now. we are sunny and mild. the city is 75 d. ocean beach, you made it to the low 70s. concord 78. san jose 78. santa rosa 78. berkeley, a manager any tuesday 3.2 earthquake with some aftershocks occurred at 1:00 o'clock this morning. in san francisco right now, 70 degrees in livermore. you are sitting at 80. a chilly night for concord and livermore. napa 44. redwood city 48. got some crazy video i want to show you before we get to the meat of the forecast. that right there is an 18-foot long v

earmarking -- the fcc earmarking regulations are broader than that. if you have a pac that is going to contribute only to one candidate, you're not -- >> they'll contribute to several. they'll get more than one contribution. at that point you don't have the kind of traceability you're talking about. there's more coming in than can find the way to any one particular candidate. >> i would think if you name the pac after a particular candidate as hypothetical assumes, i would be surprised if the federal election commission wouldn't come am you for rearm. >> let's say this one. you have 100 pacs, and each of them -- >> that's not right. >> support the five -- the dpief candidates in the most contested senate races. there are really only five contested senate races and 100 pacs say they're going to support those five candidates. so they give $5,000 to each of those 100 pacs which support those candidates, the pac divides up the money. $1,000 goes to each candidate. the total all of those pacs, $100,000 goes to each of the senate candidates in the five most

see companies raising money on the internet this way. >> talking about mechanisms, i understand the fcc is talking about a financial entity here, calls it a funding portal. how does it work? >> well, that's the new creature in this. the funding portals will be websites that start up, places where companies can post need say i have a cool idea, send me money, here are the details. they will be subject to new regulation under this. >> amonojaemon javers reporting. >>> first, how commodities, treasuries and currencies performed today. >>> crude oil closed at a nearly four-month low at $1.44 a barrel to finish at 96. 86. part of the reason sup pipes are up. data showing u.s. crude stockpiles rose after a 14-week decline. >>> and nowhere in the u.s. is crude found in greater supply than in the shell, the massive found in rock formations underneath north dakota and fueling strong growth in construction of homes, restaurants, drilling rigs, just about everything in the town of williston, north dakota. brian is there and has the story. >> reporter: when louis and clark came through here more th

staff to the fcc for several years.

. >> the effect of the government shut down on the fcc. to be the on -- tonight on ""the communicators" at 8:00 eastern on c-span2. >>> the supreme court heard a campaign finance case last week that challenges the limit on theet total a. money one individual can contribute in each election cycle. urge the the the court to strike down them. the contribution limit were created after the watergate scandal era in the 1970. currently they can contribute up to $123,000 every two-year election cycle. >>> we'll hear argument first this morning in 12536 mc-- >> are an inpermissible attempt to equalize the -- for the politicals. by prohibiting contributions within the modest late -- to combat the reality or appearance of corruption these limits simply seek to prevent individuals from engaging in too much first amendment activity. these limits cannot be justified on circumvention ground because the concern the government hypothesize are addressed by a multitude of direct anticircumvention. >> how of the time. and i guess the court thought something c

risk of being stranded, shouldn't the fcc changed its policies regarding this problem? >> i do think it's appropriate for the fcc to move forward and put together an excellent planet your direction at congress's direction that has been widely endorsed and anticipated in this very issue with the words you quoted, and unfortunately we are four years along here and i don't think we have seen the implementation of some of the things that they recommended. but i remain very hopeful that once the commission is back up to full strength that they will do so and again our petition last year for the ip trials was designed in part to spur along the very process you just highlighted. >> okay. again when you are the last guy at that some of this he touched on before but let me ask you to to elaborate if you will on the types of services that would he available through the internet protocols that are not available on the copper networks. >> well i think the ip transition, and i'm at risk of oversimplifying. i'm a liberal arts major and not an engineer but by and large it's about voic

it is my great pleasure to nominate tom wheeler. >> oh, yeah, i know all about the fcc. >> subject toission. >> mr. wheeler, dejavu. >> what did you just say? >> nothing. just had dejavu. >> in your judgment, does the fcc have the authority to otherwise regulate political speech? this is thon

instance water districts and local city councils to beef up their ethics investigation, and for the fccinvolved in investigations, and when doesn't rise to the level of the scandal that is now brewing around the calderons, the real question is who is going to enforce problems at the local level. and we don't have a robust system to do that. i think we need to invest our money where our mouth is if the legislature thinks this is a real issue. what they need to do is put money in for the fcc and improve at the local level. >> kathy has mentioned this idea in terms of reform people mobilizing and being active, but can you put this in context of the people that calderon serves. they could be considered a more vulnerable population. >> okay. yeah. well, in that region, i would probably say, and i'm painting with a brood brush here, but this is largely characteristic of it, they are -- it's a largely working class community. so you have people who, you know, are working very hard to just get by. they might not have the time be as politically engaged or pay as much attention to their water boa

should the fcc wrist hurt participation of the largest carriers in the auction? >> i think the conners got it right when they authorized the sec to create a competitive auction. now has to take that mandate and create a competitive option. our belief is that every carrier should be able to bid in this auction. large carriers and small carriers. and we should be able to aid in bid spectrum auction -- to in that spectrum auction with large geographic licenses so that small carriers are not forced out of auction because they cannot afford huge blocks of spectrum. with that, we believe that every carrier should be able to bid. even right here at this table, just a few weeks ago, the commissioner said that she said that no one or two carriers should be able to walk away with an entire spectrum auction. i entirely agree. andsec has this authority hopefully the willpower power to ensure that not one or two carriers will take this entire pie. led.pectrum is the life if you're a small carrier inroad american you don't have enough spectrum to deploy a robust 4g are at anlo

you're going to the fcc which is built to fail. you have three democratic appointes, economic gridlock, and that is the case. why would you leave california for that kind of situation? >> well, i think that it's true that the s.e.c. has been known for gridlock, but there have been times when they have been able to achieve important inroads in campaign finance reform. i've had to interact with people of both parties. we have been able to achieve consensus, and i'm hoping that we're going to be able to do the same at the s.e.c. >> are you preparing for this by watching "house of cards?" >> i think that may be a little extreme. >> yeah, yeah. nonetheless, you're heading into the fire. >> yes, most definitely. after all, we interact with presidential campaigns and senatorial and congressional campaigns absorbing the stakes are really significant. >> all right. outgoing chair of the california fair political practices commission, soon to be a member of the s.e.c. >> thank you very much for your time. >>> the affordable care act also kno

the senate has confirmed president obama's nominees for posts on the fcc and national relations board. the senate also confirmed tom wheeler as the next fcc commissioner after ted cruz lifted his blockade on the nomination. obama is nominating two other top fundraisers to serve as messengers. robert barber is his pick for ambassador to iceland. regulators in japan have given final approval to move more than 1500 fuel rods from a cooling pool at the fukushima daiichi nuclear plant. the process is set to begin next month but the nuclear regulatory chair has warned of a potential disaster if the fuel rods are damaged or break in the removal process. antinuclear activist harvey wasserman says -- a group of protesters gathered outside of barneys department store here in new york city wednesday to condemn the retailer's alleged reform -- racial profiling. new york attorney general eric schneiderman has launched a probe after african-american customers said employees alerted police after making a racially biased assumption that the shoppers could not afford their purchases. especially as a t

att workers are on furlough the fcc. williams-sonoma is selling a smart thermometer for $200. device so-fi-enabled you are free to leave the kitchen and it will remind you when it is time to make the other dishes. we know so many people love the food pictures these days. >> posting pictures of food. i have never understood that. thank you and have a great weekend. >> thanks. you, too. >> four new restaurant options in towson including bonefish grill and a japanese restaurant. there will be a 90,000 square foot movie theater and is set to open next fall. >> now weather and traffic on the 1's. >> we still have some light to moderate rain. toht now some showers about move into the southern region of baltimore. the wind will be five to 15 miles per hour. most of the showers will be light to moderate. we do have the baltimore running festival saturday. expect temperatures around 58 degrees tomorrow morning with light rain and drizzle possible. >> good morning to you. not the way you want to start your friday morning rush. northbound 83 just past belfast, that is the latest accident

they can look and see the fcc stamp on it. we have to assure they don't interfere with each other. and back in '95 there weren't that many mobile phones going through the process. but now it's important and big. we are a huge battle between apple and samsung and motorola and others. they need the certification. they make the plans and literally billions of dollars in advertising. whatever the plans were, they get delayed bay number of days. it's a real cost. >> we've had several budget disputes blare and i were discussing before i think they stem from the budget control act of 1973. it occurs almost every year. there's some crisis that goes on. and yet, after 40 years of this, we still aren't very good at figuring out how to operate the government. >> the effect of the got shut down on the fcc. tonight on ""the communicators" on 8:00 p.m. eastern on c-span2. >>> the head of african affair for the state and defense department testified on capitol hill last week about efforts by somalia, the united states, and the international community to eliminate terrorist threats to somali secur

we're still watched, too. 1700 empleays at fcc when ke the come back, if we acted up they'd be all over so we're being watched. >> i'm out of work and know i would qualify for subsidies but if i get a job soon would the premium change? >> it would, but not how much you're paying now. you'd pay it at the end of the year. you go in, figure out subsidies you're given that, is, will be how much you'll pay until the end of the year, then at the end of the year let's say you sign up and get a job in july. well, beginning july, on, your subsidies aren't going to be as great. you'll pay the government back on your tax returns. so that is how it works. it didn't adjust during the year but save your money you're going to need to give it back at the end of the year. >> there are so many variables it's complicated. >> very, very complicated but easier before this, actually. easier to keep track oof thank you, michael. >> up next a decade in the making a firsthand look inside of a controversial casino soon to open in the north bay. >> coming up at 5:00 salary squabbles, larry ellison and a possible

the fcc only has a couple week' money left. so, nobody is going to be left. so, november ipo might not be affected but this will be very bad for december's ipo. >> that's for people who are innovators. don't go anywhere. stay where you are. one final note on twitter. the name is twitter. it's the name of a bankrupt retailer but still has a penny stock. the stock sky rocketed more than 1500% on the friday. fifteen cents a share after investors confused it with twitter. tweeeter. twitter sticker will be twtr without the "q." but the stock hasn't started trading yet so don't buy or sell anything you think is twitter. i'll let you know when it starts. sounds like something hollywood dreamed up. the fbi shut down a web-site where you can buy illegal drugs to virtual guns while you play with the virtual currency. i will tell you what this coin is. that's my name is jonathan betz. i'm from dallas, texas, and i'm an anchor for al jazeera america. >>my name is ranjani chakraborty, i'm from houston, texas. >>i'm kim bondy. >>nicole deford. >>and i'm from new orleans. >

the fcc is even behind the faa.s interested, mary, pilots themselves sitting in the cockpit nearest to the instruments were already using e-devices and using internet connections, right? >> that's right. the pilots already have an electronic flight deck, electronic flight bay. they have been issued laptops. they're already using them. some of the testing airline has to do if determine the electronics pose a danger closer to the cockpit or not. so they will be checking into that too. pretty hard to argue there is a problem when the pilots are up there working on laptops. tracy: truth of the matter, if you can get wi-fi you can face time and make calls and do all that kind of stuff anyway. don't really need the cell phone to come on board. do you think they are going to pursue this with fcc? >> no. i don't think i will pursue with the fcc you're exactly right. airlines have incentive to make sure their planes are certified for peds, personal electronic devices and airlines with newer, modern equipment will be able to

you know in 2000 bill bradley petitions the fcc to allow credit card contributions over the internet so there definitely was some hint of this providing a tactical advantage as far back as 2000 but it was the dean campaign really embraced it and just blew it wide open. >> host: you have a quote in "the end of big" and you say nobody shinkman d.c. take the internet seriously so it was allowed to happen. by the time it in the -- anyone had noticed it had already one. >> one of the reasons -- i had worked in shinkman d.c. had a number of non-profits in the political space including common cause and one of the reasons i went to work for howard dean is that you're here was the only presidential candidate whose headquarters was not in washington d.c. raid inside of washington d.c. there was a prevailing establishment wisdom about how you went about running and winning on a national presidential campaign. the internet didn't figure into that. it wasn't part of the equation. the equation if i can summarize in shorthand is have a bunch of events to raise money and spend most of it on negative

as the effects of the government shutdown on the fcc on "the communicators." c-span competition asks what is the most import issue congress should consider in 2014? make documentaries showing various points of view and include c-span video. to alltest is open middle and high school students with a prize of $5,000. we have doubled the number of winners and prices. for more information, visit steenkamp -- studentcam.org. of the syrianmber opposition on the civil war. the special representative to the united states for the national coalition of syrian revolution and opposition services. this is one hour and 15 minutes. >> good morning. let me ask everyone to take seats. maybe close the doors in the back. welcome to johns hopkins. my name is daniel seward, the professor of conflict management here at the middle eastern scholars institute and it is decisively a pleasure to welcome our guest. he comes with an impeccable pedigree of support for the democracy in syria, a pedigree that includes the imprisonment of friends, emigration to the united states to avoid his o

so with respect to our company when i'm talking to the fcc about getting our licenses to communities with satellites in space we're a solid company not like a maker company but internally we're occurring we're full of engineers and scientists that have tools at the their disposal. so i think we would self-identify internally as markers. >> beware i think he's posed to answer this so chris has the title for his next book (laughter). >> the nature come punctuation. >> he has a book and if the employees know what's good for them it's next door. other questions from the audience, please. there's a microphone right there >> so we kind of all noticed how america communes 25 percent of the workforce whatever. i'm curious how you guys think about the maker movement whatever is effecting the way people consume and what's the introductory of how the maker movement is going and a can i take a quick stab on this. so we've got my kids i have 5 kids and their been growing up with prints and this weekend we made dollhouse future and downloaded things and it's fair to say we'll never buy a toy again

he had blocked -- it was the confirmation of tom wheeler from the fcc saying he wanted greater 'shurnse that the agency wouldn't require more funding disclosure for more tv ads. cruz has said that such free speech should be protected. who are we protecting? the people with the money. not the little people. >> right. and so senator cruz is being transparent about it. if he's listening to the american people as he and other conservatives -- >> people in texas. >> people of texas, they wouldn't be doing any of the things that they're doing now. >> jonathan capehart, always great to see you. thank you. >> you, too, karen. >> please don't forget to share your thoughts. you can join us on facebook and twitter. we'll see you right back here tomorrow afternoon at 4:00. customer erin swenson ordered shoes from us online but they didn't fit. customer's not happy, i'm not happy. sales go down, i'm not happy. merch comes back, i'm not happy. use ups. they make returns easy. unhappy customer becomes happy customer. then, repeat customer. easy returns, i'm happy. repeat customers, i'm happy. sales g

all m&a pending fcc approved is on hold, including buying broadcast station companies. a tribune spokesperson telling us, like everyone else, weesh watching this play out, hoping it gets resolved. film permitting by national park service is also on hold. that means no shooting in locations like yosemite national park, or even spots closer to hollywood like the l.a. river and the l.a. national forest. and the shutdown has also hurt hollywood fund-raising. first lady michelle obama was supposed to come out here for a $32,000 a head fund-raising event for the democratic national committee. she couldn't make the trip. bill and kelly, back over to you. >> july, yeah thank you very much. >>> here's the question everybody is asking, is friday, the day after the debt ceiling limit expires, is it going to look something like this? we certainly hope not. but thank you, hollywood. the president's meeting with congressional leaders has been postponed, at least for now. is that a good sign? a bad sign? we'll know soon enough as some see friday as dooms day if a debt deal is not reac

it goes by fcc for short. not to be confused with the federal communications commission.ill gates the second largest shareholder making a big bet on a coming potential recovery in the spanish recovery sector whiches has been decimated by the european financial crisis and a banking crisis in spain brought on by a real estate bubble. fcc could use the money, lost more than half a billion euros and trying to renegotiate 5 billion in euros they have to repay starting next year. this isn't the only high-profile investme investment? spain. last month the equity firm cerbrerus which owns freedom group, they agreed to spend between $5 million and $123 million on a property management company in spain that was being unloaded by a troubled bank there. shelled don adelson's las vegas sands said they would build a new casino with 36,000 rooms on the outskirts of madrid. maybe, sue, this is a sign that things are turning there. back to you. >> it absolutely could be. thanks, michele. >>> let's go back out to san francisco and more headlines from josh. >> yeah. hey, sue, the software c

the fcc is looking at practices before it was acquired. it gets more than half the revenue from the unit. the stock tumbled to $10.14. >>> amazon won a major victory in a dispute today. a u.s. court ruled in favor of the online retailer in a case over the 600 million dollar cloud computing contract with the cia. ibm contested the bidding process for the cia contract but the judge ruled amazon won the contract fair and square. shares of ibm fell nearly 2% to $178.72 and amazon dropped to $303.3. >>> investors fixuated on the washington crisis but there is another financial crisis looming far away from the nation's capital and this could have a big impact on many american portfoli portfolios. michelle reports on why investors should pay attention to what is going on in puerto rico. >> reporter: puerto rico has some $70 billion of debt behind new york and california but a smaller and weaker connecticut me compared. they borrowed money to cover pension costs and fill budget gaps but that may finally be catching up. investors have been selling

should the fcc be fining espn every time they used the name? should kids?d to wear the jerseys? >> a number of sports writers never use the name. today in "the washington post," david seems to me a good analysis of why he doesn't use the name. the problem is here, i think, when the dictionary definition is trotted out, then we confront people with the notion that they have been using a slur. and that's very difficult if you want people to change the name. so for a moment i'd like us to forget that is the dictionary definition, and so focus on the fact that the organizations that represent the majority of american indians today say they want the name changed. we don't need the people who have used the name to feel that they have been doing something wrong, and i tried to purge anybody of any accusatory tone by telling them i myself have used it. >> but if you want the name changed, i imagine you want it changed everywhere -- >> don't imagine what i want. >> how far does it go? >> as far as i'm concerned, my consciousness has been raised on this name. i have

as a register investment adviser with the fcc the site can make trades or rebalance accounts on yourehalf. younger generations like the speed that those website s provide. >> it's something that you can check in on at a glance. >> reporter: simon roy, president of gem step, another online service, said public distress in the wake of the 2008 crisis was complete industry has done itself no favors. there have been scandals, concern about conflict of interests from brokers. i think investors have become aware of this, and there is a hunger for an alternative and a little more control. >> though each side uses slightly different software they all follow the standard port tollio weighted towards diversified assets and low fee index fun. mike shah, the largest of these personal advising start ups says it has more than $100 billion assets linked to the site said rooting out hidden fees in 401k accounts can bring huge rewards. >> for the average user we can save $5,000 for them. >> but eliott ceo of high tower, a firm of registered investment advisers says the complexities of planning a pers

he agreed to pay $600 million to settle civil fcc charges and avoid a trial. >>> at the annual education summit this week is combatting the skyrocketing cost of higher education. so some investors and entrepreneurs are jumping on a new opportunity, ed text startups, companies schools use new technology to bring educational opportunities to students almost everywhere. julia boorstin has more. >> a hot top pick at nbc's education nation conference is ed tech. they use technology to make education effective and accessible. the internet mobile devices and social tools are giving students new potential, giving those thousands of miles away free access, the best educational institutions in the world. >> anybody in the world should be able to take high quality courses whether at the college level or high school. they should be able to take it freely. >> the amount of investment in ed tech quadrupled to 630 million in 2012. over the same period, the number of companies funded quadrupled from 23 to 95. >> with tablets and open content we can have blended high schools that give hundreds of million

the president has mentioned this is inappropriate, gone to the fcc -- i don't know if they have both americans would consider the current , andtion to be ridiculous it's good incentive for the congress to act. >> are you finding bipartisan support for this? >> yes. unfairness tax, wireless tax fairness act, i should say. localities out that and states are taxing wireless cell phone access, not the phone purchases themselves, in a disproportionate way. i guess it's an easy thing to do. they are taxing these plans as if they were syntaxes. it's kind of tobacco like. what we said as a congress and country is we do not want to disproportionately burden access to the internet. we have in internet fairness tax that had huge bipartisan support. when you think about where we , hown 2013, 2014 coming up do people get access to the internet, especially people who are less affluent? it is through their cell phones and digital devices. have moratoriums on disproportionate taxes on cell phone access. we have bipartisan support on that. i'm hopeful that we in the middle of all of this acrimony can