any consumer, if the cfpb will collect certainnal financial data they need permission of that consumerefore they collect that data. that is common sense reform. most america, they don't trust government. i mean we have these data breaches. it is not just private business but government as well, incredible data breaches and americans are rightfully concerned when washington is collecting massive, massive quantities of their personal financial data. and that is what the cfpb is doing. gerri: congressman, we'll have to leave it there you have to go vote on this thing and get busy. i'm looking forward to it. gerri: thanks for being on. appreciate your time. later in the show, it is boomer retirement day on fox business as we tell you how nottto crack that nest egg. and next, are red light cameras meant to raise save lives or raise revenue? we're joined by one mayor taking down these controversial cameras. gerri: we have some good news for drivers. the demise of the red light camera could finally be the horizon. gone will be the days of these hilarious that captured on red camera because of

>> well, they're collecting hundreds of millions of personal consumer financial data.heoretical it is not supposed to be traced to the individual. for example, their mortgage database the person who put it together said it is easily, easily reversed engineered. so in some respects you could argue that cfpb is in a race with nsa to see who can collect the most personal financial data and her data on ameriian citizens. the american citizens are saying hey, we want to be protected here but who will protect us from washington? what house republicans are doing, you know what? any consumer, if the cfpb will collect certainnal financial datahey need permission of that consumer before they collect that data. that is common sense reform. most americans, they don't trust government. i mean we have these data breaches. it is not just private business but government as well, incredible data breaches and americans are rightfully concerned wh washington is collecting massive, massive quantities of their personal financial data. and that is what the cfpb is doing. gerri: congressman,

are thousands of employees still use it in limited instances, but it's also used to maintain financial data. >> reporter: there are already reports that hackers have managed to break into atms running xp operating systems in mexico and industry insiders say due to a bottle neck of u.s. banks racing to upgrade, as many as 50% won't have switched over by the deadline. >> there are serious problems coming, i think. >> reporter: but while ban have other layers of security, most consumers running xp don't. >> at some point, potential viruses and malware and things like that can start affecting xp. >> reporter: allen low runs a computer resorts program for the elderly and disabled in san francisco. he warns, don't ignore the warnings, upgrade now. >> we try to be reassuring. it isn't end of everything. there are options. >> reporter: but many of those options will cost you. you will either have to buy a new operating system or depending on the age of your machine, you may have to buy a new computer that can handle the new operating systems. but whatever you do, don't count on xp at least not for

however, the government now wants to tap into data bases, financial data bases to do an ongoing scano make sure that they can identify any possible, as you said, rogue agents, people who might be willing to either sell or give up secret information. scott. >> tracie, thank you. 6:32. >> this week president obama will meet with the new prime minister of ukraine. the meeting will take place at the white house on wednesday. a spokesman says the meeting bill focus on options to peace 3 resolve russia's intervention in crimea. today ukraine's prime minister vows he will not give up a single centimeter of his country's territory which is along the black sea. over the weekend the kremlin beefed up its military presence in crimea. pro russia forces keep pushing for a vote to make crimea part of russia. the parliament issued a vote on sunday. >> let's talk about your forecast as we give you a live look at the bay bridge and the light this is morning. it is an early morning for all of us. it feels like 5:33. it is 6:33. >> a little more concealer this morning. >> i'm trying to get my brain to

then a senate hearing on security breaches at retailers that compromised consumers financial data. and later, a hearing on management failures at the federal agency that secures u.s. nuclear stockpiles. just before this house oversight hearing got underway, irs commissioner john koskinen was talking with chairman darrell issa. mr. koskinen was called before the committee to answer questions about how the irs handled tax exempt status and its compliance with the committee's investigation into potential irs abuses. the oversight committee has subpoenaed e-mail of former irs tax exempt organization director, who has refused to testify before the committee. this part of the hearing is one hour and a half. [captions copyright national cable satellite corp. 2014] [captioning performed by national captioning institute] [gavel pounds] the committee will come to order. would you please close the doors? thank you. the oversight committee exists to secure two fundamental parables. first, americans have the right to know that the money that washington takes from them is well spent, and second,

station number and details weren't for receiving financial service its people will also be given the option to be tacked on an agreement to provide personal data and also clock telemarketing calls from financial institutions. the six beds are already questioning whether these measures will be affected saying most of them had they been passed this bill are nearly aviator a sin of similar policies from the past. the end of the news. three of the world's most wired nation is looking to beef up its information communication and technology infrastructure this year the ministry and chart says it plans to funnel nearly five trillion won to roughly four point six billion us dollars into the sector and to mingle has more on where the money will be spent. korea science ministry says it will inject four point nine trillion won over some four point six billion us dollars into the country's information technology sector this year in order to feel economic growth and it has the country's overall competitiveness. the minister of science ict future pyne says the money will be used to fund the new morris projects in central government agencies that were initia

there's a common misconception that the urban environmental crisis is separate from the financial crisis, but data like this suggests that the failing financial system can have dire consequences for environmental health in urban communities. in fact, doctors who work with tenants who are living in poor housing conditions say that asthma is the number one problem they see. >> more than 50% of the tenants that we interviewed had asthma or had someone in the apartment living with asthma, and most of them were children and the elderly. these patients have frequent e.r. visits, constantly coming back to the hospital with acute asthma exacerbation, because they're living in the trigger. >> the trigger that dr. thomas is referring to is the lack of upkeep on foreclosed buildings. owners of these buildings are often strapped for cash, unable to make mortgage payments, let alone pay for repairs. this is exactly what happened at 836 faile street. in 2004, a man named asher newman purchased the building for just under $2 million. but the city appraised the building as being worth only $223,000. many landlord

not just financial data. the cost of data sold, the cost of data added to your repertoire one form of how badly people want cars that tells them that they are cold. i heard it on hold. i don't need some being that tells me 69 degrees felt comfortable. that's just me. once you figure out is that knowledge of that exact configuration in my automobile but the exact rotation, i know what i noticed that. i doubt any smart refrigerator refrigerator tatami that. i may need my smart refrigerator tatami i've been losing money. i think they are going to figure out to play. in the regulatory environment we currently have. i don't want to be regulated and there is some practicing double happy to say what is truly creepy and what it's worth paying for. i think before we can have a real analysis of what it's worth, we need to talk about words. it is difficult to talk about words because of course it is a human right and it's about dignity. people start getting their version of creepy. money does spur innovation who do know

financial data, so the cost of the data added well informed us how badly people want cars that told them that they are cold. i already know i'm cold. i don't need to have someone that memorizes the 69 degrees yesterday. sometimes i'd feel in my go for 85. i don't need someone to tell me that. but that's just me. once you figure out that knowledge of the exact configuration where the location i know when it's bad. i don't need a smart refrigerator to tell me that. we are going to figure out and play for the environment that we currently have. i don't want it to be regulated that there is some practicing that will happen to say what is truly creepy and what it's worth paying for. but i think before we can have a real and analysis, we need to talk about the worth and it is difficult to talk about work because the data is of course a human right it's about dignity seven minutes that you start bringing accountants into the room, people start getting the road version, but i do think that money does spur innovation and investmen investment into cs that do know how to not just say it's really ha

. >> recent security breaches at target and the university of compromised the financial data of their customers and student. the senate commerce committee had a hearing on these computer executives atith target and the university of maryland president. members also questioned the head of the federal trade commission and an executive from visa. this is just over two hours. >> this is in order. it is. this is the era of big data. you knew that, senator mccaskill? that is not news to you. not,er we like it or companies are collecting reams of information about us as we go about our daily lives. crazy, when they talk about people having an invasion of privacy, if it could happen, but it has happened. that is that you keep people scared, and now people are reacting to it, saying, we have got to get rid of this thing. we are not necessarily an intelligent congress when it comes to our security. are tracking they us as we visit websites, stores, as we purchase products, where the information may be mundane, but a lot of it is highly sensitive. in may have to deal with health, family problems

when a retailer is breached, financial institutions bear the cost of stolen data. thanks and credit unions bear the cost of card reissuance. consumers bear the pain of cleaning up accounts. risk assessment must consider the full value of the data. cyber crime poses a greater threat to the security of nations, corporations, and individuals than ever before. thechallenge is balancing importance of protecting data with the benefits of emerging technology. are chargeders, you with facilitating commerce and putting in place a structure for finding this balance. we recommend action in three areas. first, breach notification law needs to be passed. consumers need to know what is expected on a national level. it will put the federal government in the role where it belongs. the federal government needs to continue to foster best practices and sharing of information across public and private sectors. collaboration fueled by real-world learning is critical to creating a strong, unified criminal groups cannot migrate to the next weakest target. third, we must change the cyber

they trade in your financial personal data all the time. ey should make the score available to you once a year as a matter of course for free. few businesses have as much power over your financial life and operating secretly. giving consumers their score. it will actually improve it by educating consumers about scores and creating demand for those scores. that is my "two cents more". in a programming note for you starting on monday. it on march 10, we will be kicking off another users guide contact us at april 5 teen, deadline fast approaches. our team of experts will be here to answer your questions. if you have a common or concern, e-mail me at gerriwillis.com. that is it for the "the willis report." have a great night and we will you write here tomorrow. >> welcome, everyone, i am neil cavuto. forget about punishing vladimir putin. let him punish himself or the latest ukraine leader seems to be his own undoing. let's see if you can climb out of this hole. here's what happened today. russia turned bearish on its health. that would be like

we have one great example of this, swift, which holds our financial data has an ombudsman sitting inside looking at what the government requests from their data. if it's a terrorist investigation, they cooperate swiftly. if it's the government going fishing, they hold that data. they can do that because they're not a u.s. company. there are precedents for private companies taking a more aggressive stance in protecting our privacy and perhaps our phone companies, our internet providers could look to that first precedent. >> now that we have those proposed changes what happens in the unthinkable happens again, a lot of people have forgotten the days after september 11 when there was a hue and cry wanting to know why didn't the government know these attacks were going to happen and they called it an intelligence calamity. >> the american people are going to have to come to terms with a balance between privacy and the government being able to totally ensure against anything ever happening. how much privacy are we willing to give up to move from a 99% confidence that we're finding terrorist p

>> it's a financial information and data provider.e lots of different technologies and a team of research analyst to curate the entire web including twitter for interesting information from anyone from our day trader to hedge fund. >> neil: i have no idea what that means, but what you're saying is from that you call investment ideas, not necessarily coming up with stocks, but the names of companies. >> we give you an example say i tweet and one via. that's not a useful piece of information, but if we monitor everyone in the us that is tweeting that tweet or similar tweets then we have read for discretionary purchasing items like how me people in the us want to buy a car, that can be really interesting to people looking at investing opportunities. >> neil: okay. in this case cars are discretionary income. but, if-- is that sometimes following the right leads to ask a lot of people might be talking on any given day about justin bieber, right? what a way to extrapolate from that. in other words how do you separate the noise event we work

data. the chief financial officer of the world's biggest retailer told investors sales have been very good since mid february after touumbling earlier in the month. >>> lower natural gas prices, rising costs and project delays. ceo john watson says the company's growth strategy, however, remains intact. >> it is hard to grow in our business. we'll be growing 20% between now and 2017. a lot of other companies are finding it difficult and are more flat in their production outlooks. so when you spend a little bit more you can realize the growth. that's what our plans show. >> watson says the company still plans to spend $40 billion this year on capital projects, about the same as last year. >>> another dow member making news today, microsoft. with sales of video games a $15 billion a year industry, the company is betting that the release of its newest title, titan fall, which give a much-needed boost to sales of its x-box 1 gaming console which is losing ground to sony's ps 4. josh lipton has more. >> reporter: the x-box 1 needs a jolt, and today it could get it. microsoft debuted its hottest

that data is -- sorry, extremely revealing as well. financial records, credit card records, all kindsover data that the government a could be collecting. >> but they are not listening to the phone calls or reading the emails, they are just collecting the data. >> yes, but the difference is that there they are not just collecting one piece of information it is different kinds of data and putting all of the data together you can paint a picture of a person's life and what they like and don't like and what they do, you can tell whetherer going to a heart specialist or calling abortion clinics and going to alcoholic anonymous. >> so is the government moving in the right direction with the proposals? >> there is a lot of forward movement for the nsa and forward movement in the white house taking an initiative in talking about big data and privacy in general as a whole and that is where most of my excitement lies because they are starting to look at this more wholistically across the industry and giving a map to understanding how these data sources co

data breach. the chief financial officer scheduled to testify ahead of that hearing. a senate report says retailer missed several opportunities to thwart hackers and no indication it responded to warnings that malwear was being installed on servers. target said 40 million debit card records stolen along with 70 million other customer records exposed or likely going to get a big grilling this afternoon. they just didn't realize, they said, at the beginning, it was going to be as bad as it was. >> massive. thank you. >>> check in with christina loren. she's been tracking the storm coming our way. how are we looking? >> looking really, really good. only thing about this is it's coming in pretty steadily especially the north bay and the east bay. right in the heart of your morning drive. but good news is, as you know, we desperately need this rain. we have more on the way, all the way through tuesday. tracking showers on the radar. take a look at tahoe. we could accumulate, get this, seven feet of fresh powder before we hit tuesday. we really need that snowpack. that's wh

we had bad guys and protect it the most rejected data which we had which is -- which was our financials. i think the cost of data sold, the cost of data added to your repertoire will inform us how badly people want cars that tell them they are cold. i already know i am cold. i don't need to have someone that memorizes that 69 degrees felt good to me yesterday. sometimes i go for 85 miles per hour. i don't need someone to tell you that. when you have the knowledge of that exact configuration in your automobile or the exact location of your milk, i know where my milk is. , i don't need a smart refrigerator to tell me that. i may need the smart refrigerator to tell me that a filter needs to be changed. we will figure out and the nice thing about being in the regulatory environment we currently have is that there is some practicing that will happen to say what is truly creepy and what is a feature worth paying for. but i think before we can have a real analysis of what is worth it, we need to talk about worth. it's difficult because data is a human right and it's about dignity so when you b

data breach. target's chief financial officer today will tell the senate commerce committee the company's managementote, hard questions about decisions that were made. >>> facebook expanding its empire. the social network is buying oculus, a virtual reality company for $2 billion. facebook's ceo mark zuckerberg says his company is focusing on "what platforms will come next," and he believes oculus will be one of those platforms. >>> relief may be on the way for moviegoers shelling out more and more money to see films. as admissions continue to decline, theater owners are considering offering discount tickets one day a week. they are planning to test the idea in a yet to be named state. >>> lime prices are skyrocketing. a supply dwindles in mexico. the shortage has been linked to crop damage as well as a deliberate effort by specific growers to boost the cost. california produce suppliers, restaurants and bars have been hit the hardest. a case of limes has soared from $14 to as much as 100 bucks. >> that's a big old increase. >> yeah, it is. >> i'll have to switch to mai tais. >> that's a plan. >>> w

data handling pci level 1. these are the same kind of certifications that your financial institutions have. so we have to make sure that that data of those members does not get out. we can't even tape audio there in our command center. wherever you are, when you need someone, we will be there for you with a live body who cares. we have the chance to stop this crime before it happens. [ applause ] >> absolutely incredible. see, i knew that they were doing and on the case, but didn't realize how much so. >> the reality is, you look at all those people. they're working for you. >> yes, sir. >> they're all working for you. they're all working to protect you. you cannot possibly do this work for yourself. you cannot protect your own identity in the modern, complex technological world we live in. lifelock's the best way to do it, but any way is better to do it than you're doing it yourself. >> you heard it here first, guys. ladies and gentlemen, give it up for mayor rudy giuliani. thank you so much, sir. and it's so good to see you, too. thank you. >> thank you. >> okay, now, you've heard victims

but there is behind the surveillance but the potential financial or jaime data is lost in some way that we have someone. the president is asking the various folks from washington to look at big data and think about how to rebalance these of these potential harms any opportunity of how we earn innovation. michelle, going back to your experience as a patent litigator, looking at some of those data analytics we saw in the genetic space or the medical records space, talking about geographic trends, tracking of course incredible value nation we know comes from data analytics. if people come up to you and ask you, how would you advise the president to balance that risk and opportunity, how would you approach that? we haven't heard that you, professor felten. we'll start with you. >> it's too much to ask the president to solve this problem. certainly there are some important public policy things that can be done. they start a sink some pretty fundamental concepts to, for example, to try to strengthen the idea of consent from consumers and citizens, especially in a certain context. we often hav

financial information. the chief information officer is resigning in the wake of the data breach. now a new chief information security officer will be named to overhaul the technology. target will launch new red cards with security chips in early 2015. >>> yahoo! is blocking facebook users. this is the latest strategy from the tech company to beef up the user base. >>> facebook fans will hit delete when an illegal gun ad pops up. >>> what a difference the month makes, what changed and prompted water officials to take mandatory water restrictions off the table. . >>> us really prime minister -- israeli prime minister met with governor brown today. california and israel are the most powerful hubs of invasion on the planet. let's connect them together. we'll do that with this agreement today. with the computer museum as the backdrop they signed an agreement. israel has a huge technology industry. >>> the city of oakland is moving ahead with a surveillance center after the mayor casted atie breaking vote. it will be used as a central location to bring in information. it will be housed

data security. first we protect consumers from financial harm from zero liability policies that ensure they aren't held responsible for fraudulent charges on their accounts. and then we worked behind the scenes to protect their personal information and prevent fraud before it can happen. as a result of fraud rates in the visa system have declined by more than two-thirds in the last two decades to just 6 cents for every $100 transacted. as recent compromises show, however, our work is never done. our critical first step in data security is to limit the amount of data that needs to be protected. for example, years ago we campaigned successfully to eliminate the storage of sensitive cars -- card data it is minimal difficult for criminals to steal large audience updated. but as with all the more sophisticated for most are stealing data in? >> guest: . therefore strongest security remains fundamental to our program to protect the payment system. the payment card industry data security standards establish a baseline which, when fully and consistently implemented, has proven effective in protecting our stakeh

data breach. the chief financial officer, john mulligan, will testify. the retailer missed several opportunities to thwart hackers and there was no indication it responded to warnings that malwear was being installed on servers. 40 million debit card records were stolen during the season along with 70 million other records. >>> facebook continues its shopping spree. it's now snapping up oculus, which makes virtual reality goggles for $2 billion that they purchased that. facebook ceo says virtual reality could be the next big social media platform but facebook will not make money from the devices, rather than selling ads on them. >>> san jose fireworks will return with a bang. approved giving $50,000 to the san jose rotary club to put on the show. the city will also add to the event which costs $200,000 to produce. rotary club hopes the show will direct people away from illegal fireworks. cancelled in 2008 due to lack of funding. >>> a popular eatery in san francisco's west portal neighborhood is reopening, after devastating fire two years ago. the squat

and high school students annually addressing the personal financial skills that are important for teens to master. we strongly believe that data is critical to refining and directing financial capability efforts. that's why we developed working closely with the treasury and two earlier versions of the advisory council. the national financial capability study, which has been mentioned a couple times today. each study has surveyed more than 25 million adults allowing us to fine tune our analysis. that includes millennials. the report that we summarize and made available today demonstrates the particularly lower income households and dependents but really cross the board, millennial face special challenges from the standpoint of financial capability. in the midst of their education or just on the other side, they face

data wasn't out there. why haven't companies done more given the the public relation nightmares these exposures take, and the financial obligations occur? >> guest: i think you are hitting an important point that companies need to be doing more at the front hit. and you hit on data security and there we are looking at the front end. under our authority, what we expect of companies is they provide reasonable and but in place reasonable security measures to protect consumer information they use as part of their business operation. we do find as you are suggesting based on experience and the enforcement work we have done, we find many companies are still not put in place appropriate security measure to protect the consumer information they maintain; that they collect and use. that experience is backed up by data. verizon releases an annual report analyzing data breaches and finds the intrusions are the result of low-difficult hacking. and what that tells me and there is a lot more that companies need to be doing as a general matter. we are doing what we can through enforcement authorities, but encouraging companies also

the financial market prices are important to their outlook data as well puts watch. >> you talked about at forward guidance. any surprises? >> they did not provide much clarity. yellenl have janet statement ahead of the press conference. it will be interesting to see what she reveals their. -- there. fomc members will be talking to the public about some of these issues. >> talk to me about what we are seeing on the screen. that is what we saw, those projections tell a story, don't they? we are taking a look at what we are going from 14 to 15. they have revised downward a lot of their guidance. whatf the big questions is they would do with actual interest rates. it looks like they firmed up their views on 2015. that was something that people had expected. the dissent was interesting. >> all of a sudden there is a new tradition of dissenters calling press conferences or telephone conferences. we may hear from him before the end of this week. he has done this in the past. i want to bring up one point about these economic rejections. we have changed not just the chair, but there are three m

financial services. neil: microsoft takes the page data the government book from the hot mail account the was leaking secretsn the terms of service only happens in extreme cases but legal or not is it any of their business to get into our business? our guest talk about how microsoft gets into their business. >> that is why they call it hot mail because they can steal it anytime they want to look at it. it is in a rage they should have gotten a subpoena to subpoena the blocker to go to the channels. i know they say we own it but it is accompanied pointing the finger at google's saying the of customers got screwed but they do the same thing when it hurts the -- serves their needs. neil: will they pulled the same stunt? bill macphail pull it right now the amounts of data in a mate -- emails and searcs i think it is a to a juicy for the company's. they are five steps ahead of the average person to pull the data. i don't think they sell its but use it within the company to make more profitable products. it is almost impossible to enforce. there is software out there you can use komen encryption software to have a

direction, but the problem, this is just the tip of the iceberg, there are financial records and internet records and other data they can get through the bulk mass programs and so, this should be the beginning of the conversation, not the end of it. >> obama saying he needs congress on his side. the haggling is almost over. >> we are almost there with the white house, in the end, we all want the same thing. >> all of the reviews from the ig to congressional reviewses to presidential review panels no one found misuse of that program, but the americans need to buy into this. >> congress inspired nsa reform plans are circulating on the hill as well as the administration's, and for now, president obama directed the team to extend the current modified data trolling program for a further 90 days. >> yes, and those plans going around the congress is leaving things the way they are, minor adjustments to all of this ending the whole thing all together. focus is on the house intelligence committee and they have a plan on the table which allows the nsa to subpoena phone call records without prior judicial approval and oba

data is out there. why haven't companies done more up to this point given the public relations nightmare that these exposures take and also financial obligations that may incur? think you are hitting an important point which is the companies need to be doing more. we actually look at data security which i have not spoken to much about. under our authority, will be to put in companies place reasonable security measures to protect consumer information that they use as part of their business operation. we do find, as you are suggesting, based on experience, we find that companies still are not putting in place appropriate security measures to protect the consumer information that they maintain, that they collect and use. ist experience that we have backed up by data. a reporteleases analyzing data breach incidents and find a lot of the intrusions that you see are the result of low difficulty. therehat tells me is that is a lot more that companies need to be doing and we are doing what we can. --are encouraging companies what we are trying to do with our enforcement work is to alert companies of their obligations to provide adequate se

behind outreach and education, we strongly believe that data is critical to refining and directing financial capability efforts where they are needed most. that's why we developed working closely with the treasury and with two earlier versions of the advise ry council, the national financial capability study which has been -- been mentioned a couple times today. each wave of that study surveyed more than 25,000 american adults allowing us to fine tune our analysis, specific subpopulations and that includes millennials, generation between 1978 and 1994. the report that we summarized and made available today demonstrates that particularly in lower income households and households with dependence but really across the board millennials face special challenges from the financial standpoint capability. in one way or another, in the midst of their education or just on the other side of it they faced the great recession and the tremendous challenges from both being able to find jobs and to work through issues in that environment. the data demonstrates things that are not surprising. it demonstrates

there are financial records out there, internet records and other sensitive data that they can get to through this bulk mass programs. this should really be the beginning of a conversation, not the end of it. >> reporter: obama said he needs congress on his side to end the bulk storing of phone records. in the house on tuesday signs the haggling is almost over on this issue. >> we're almost there with the white house. we have some things to work out, but in the end i think we all want the same thing. >> reporter: all of the reviews, i mean all of the reviews from the ig to congressional reviews to presidential review panels no one found misuse of that program. but again americans need to buy into this. >> reporter: congress inspired nsa reform plans circulating on the hill as well as the administration's, for now president obama has directed his team to extend the data trolling program for a further 90 days. >> reporter: yes, including leaving things exactly as they are. maintaining the status quo and the end of all spying lock, stock and barrel. the house intelligence committee that

data. the irs says they never use e-mail to request financial information. progress in closing the gap between what men and women turn in the workplace has stalled. it is not that women's earnings are failing to keep pace with men but rather a women's wages have not grown much. >> women earned about 82 percent of men's earnings. the push to pay college athletes has not expanded beyond northwest university. >> in a class-action lawsuit filed in new jersey claims the arrangement announced a price- fixing agreement. demanding the n.c.a.a. and five major athletic conferences allow players to shop there services around for the best price. the cubs offering free parking for some of their home games. in the parking lot will open on rockwell. it is over 2 mi. away from tripoli field. free shuttle rides to and from the game will be available. this lot will open only for night and weekend games. the new law will help ease traffic and wrigley field. >> former chicago bulls' and hats to the front office as the new york knicks president. as the new york knicks president.

a consulting firm specializes in financial -- we got a lot of data points yesterday, what was your biggesteaway? >> most of the presence focusing on paying dividends. that was a foregone conclusion. the banks accumulated enough capital thanks to the regulators. most of the bad assets that were created before the recession created the weaknesses. can pass ist they not a big surprise. cynicalnow the conspiracy theorist in me feels like these are rigged. am i off base? 25% job andurvive a home values? 11-12% drop in home rain? >> they're not that great were that smart. since the recession, they have been accumulating. they have been making good profits. most of the bad loans that caused the problem -- they have worked off their books. what will be much more interesting is the numbers behind the scenes. if you look at mortgages, everyone talks about mortgages. behind the scenes, there are some banks with single-digit losses. another bank for the same category has gone as high as 16%. for the first time, they're looking at earnings. more than the quality of assets. they're looking at growth, wh

worst abuses in our financial system, it's become clear that when it comes to protecting consumers, our best defense is a good offense. in the age of smart phones, mobile apps and big data, consumers are now empowdered to make smart financial decisions in real time, allowing them to trade the financial emergency room for preventive care. technology has given us the ability to wholly rethink the definition of financial capability and gives us the ability to reshape and redefine what it means to be financially literate in the 21st century. be it employers, schools, government, private businesses, community-based organizations, or families, there's a role for everyone to play in the effort to better prepare our youth to navigate a world full of consequential financial decisions. the administration has taken a number of steps over the last few years to advance financial capability and expand opportunity. but our work is not complete. i'm confident that this council will continue to build on our efforts and make sure that we are working in concert with other sectors of our economy and society. i ask this council to show us what is working, who is leading, and how we can work

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said was that the committee based on the full assessment of all of the data on the labor market and inflation expectations, financial developments taking all of that into account, and we believe that we could only begin to raise our target interest rate well past the time that the unemployment rate had declined below 6.5%, and we said that that was true especially if inflation remained low. because an important factor is that inflation is running well below our 2% target. so i guess this is qualitative guidance, but i feel what we provided then was additional information. >> moving away from a quantitative measure and more towards the qualitative, which i think is a good thing thank you. >> thank you, mr. chairman. i was a little surprised at my friend's from new york partisan comment ls. i can only assume he had too much coffee this morning. it's good to see you. >> it's not supposed the to be first. >> madame chairwoman, since this is a first, how would you like to be addressed? >> madame chair is fine. >> i met some of the nominees. we talked about that in the back room. and i want to say that i'm impressed. espe

problem is, this is just the tip of the iceberg, and there are financial records out there, internet records, and other sensitive internet data that they can still get to these bulk mass programs, and they should be the beginning of the conversation, and not the end of it. >> obama says he needs congress on his side to ended storing of phone records. and in the house tuesday, the haggling is almost over on this issue. >> we're almost will there with the white house, and we have some things to work out but in the end, we all want the same thing. >> all the reviews, i mean all of the reviews, from the ig to the review panels, no one found this useful as a program, but again, americans need to buy into this. >> reporter: plans are circulate on the hill as well as the administrations, but for now, president obama has had his team extend for a further 90 days. aljazeera, washington. >> we have another story from washington d.c. today. washington redskins owner, snyder, is talking about the native american community. >> the controversial aimed at washington's team. and the team owner seems more than defiant to the pressure. instead

the a deeply him -- adp employment data coming in light but investors shaking it off. within the s&p, financialse industrials gaining strength. on the markets again in 30 minutes. ♪ >> you are watching bloomberg "west." erlichman. getting straight to your bloomberg top headlines. new chiefrching for a information officer. the new executive will replace beth jacob. verizon tops its rivals a network performance according to a new study. six-month review of reliability, speed and data and call quality scoring 90 out of a hundred. facebook stepping up enforcement of post them sales and other regulated items. facebook says it will delete posts where users declare a willingness to break the law, such as transporting a gun across state lines. if it is a successful company in silicon valley, chances are andreessen horowitz is already an investor. it has invested in pinterest and ben johnson -- cory johnson said down with him and asked him how the writing process made him a better investor. >> people feel like they know me before they meet me, and that is a big advantage. youthey see you come express you

data helped move markets higher today. brad macmillan, cio of commonwealth financial volatilie as violence in ukraine continues, plus we gettomorrow. brad, which will drive markets more, the jobs number tomorrow or volatility overseas? >> i they're both pointing in the same direction, actually. i think the job number will come in lower than a lot of people are expecting. i would probably say around 125,000 and the market is price in a lot of positive expectations about the resolution of the ukraine situation which i think is probably going to be too optimistic. adam: in fact i think your quote on that is that the reaction yesterday, is the quote the reaction today, but probably more hopeful than rational. would that not apply to today's run-up on the dow? >> i think it will. there's a presumption out there that okay, this situation is over, the europe can now move on but if you look at the energy situation with europe, if you look at the confidence situation with europe, about the best case is that nothing bad happens. and that is what we're expecting in the market right now. if something bad does happen, if anything bad h

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that's the sort of financial -- not to negate the human impact. >> of course. weaker than expected economic datane out when it comes to the equity trading session in japan and in china, as well. let's take a look at what else is going on and what we have coming up later on the program. we have the challenges facing chinese leaders as they continue to mount. the biggest fall in exports in five years. we have the details. "on the move" returns shortly. ♪ >> a busy week. let's have a look at the events we are looking at for you. on tuesday, softbank speaking in the u.s. with the u.s. with a possible deal to buy sprint. some clues about how those regulatory difficulties might be overcome. a rates decision day in thailand wednesday. the central bank is expected to cut borrowing costs, as the clinical term well continues to weigh on growth. the protests have lost a little bit of steam. they are trying to get rid of the prime minister. the conflict has cost the country a lot when it comes to tourism and investment. wednesday, cathay reporting results. analysts are excepting profit to be on the up 34%.