>> no, they may well be important but the ftc does have the power right now to act against unfair and deceptive practices and announced this week, a large action on consumer debt collection and has been doing it right along and devoted substantial resources. so there's a bigger argument good whether or not, where the gap was that the bureau was designed to fill. much of the argument in the run-up to dodd-frank was that we were very troubled that the bank regulatory agencies do not focus on consumer protection with respect to the entities they regulate which were banks and we need to transfer that power to a new regulator that will focus on that regulation. that is the power that the cfpb had prior to january fourth and was exercising. as the legislation moved through congress, other, it expanded to focus on other entities, some that are regulated at the state level and others at the ftc, they had very broad power, all theties that you listed are regulated by the f tc and the states. so the question is, i think there's a question both about the gap and whether there's one, and we would

now, protecting privacy online and off is a central part of the ftc's mission. we have gone after dozens of companies that broke their privacy promises, scores of telemarketers who called consumers on the do-not-call registry. more than 100 scammers that have battled stand and spyware. most notably last year, two of the largest internet companies, entered with our agency both on their privacy commitment, hundreds of minutes of consumers worldwide and to higher outside auditors to monitor the practice. but since our founding in 1914, the ftc has also had a policy function and in recent years we're focused it but we would like to think to some extent like a laser on privacy. just last week we released a report on mobile apps for children. we found that virtually all cases, either at stores or app developers were telling parents what data was collected and children, how the app is shared and within. that has to change. no one has the right to keep parents from taking a firm hold of their child's hand as they cross the information superhighway. we are now working wi

protecting privacy online and off is a central part of the ftc's mission. we have gone after dozens of companies that broke their privacy promises, scores of telemarketers who call consumers on the do-not-call registry, and those who peddle spam and spy where. most notably, last year, two of the largest internet companies both honored the privacy commitments to hundreds of millions of consumers worldwide and hired outside auditors to monitor their privacy practices. since their founding in 1914, the ftc has also had a policy that is focused in recent years on privacy. just last week, we released it privacy mobile app for children. no one has the right to keep parents from taking a firm hold of their child's hand as they crossed the information superhighway. now we're working with industry to make sure that parents get the information they need. the principles underlying much of our work on privacy and is laid out in the 2010 draft report on privacy. it called on companies to follow three principles. privacy by design, more consumer choice, and transparency.

and the ftc is very proud power of the state attorney general has five power. so all the entities you listed are already regulated both by the ftc in the state. so the question is, there is a question both about the gap and whether there is one and we would suggest that is an and really the question here doesn't create uncertainty and back as i expressed my written testimony, and huge amount of uncertainty about the creative by the overlap between the state ag, ftc at all to regulate the same entities in all of whom they regulate. >> you don't feel that the senators are just not going to appoint anybody on the basis is any uncertainty as to how that's going to be conformed going forward? >> what it does is it means that particular part isn't going to take affect until their sound check. the same bipartisan check on the that exists for the ftc, consumer product safety commission, and just about every of the regulatory. >> the chambers okay with that in a certain as to whether that statute is going to be? >> while a think it's going to be uncertain for some time

the ftc said he was behind teeth white iners and swipe bid.com. free trials often turned into big charges on customer credit cards. oprah sued him a couple years ago after her endorsement showed up without her permission. this is a reminder to be careful of any free sample that requires a credit card. no doubt, this won't be the last of these. reporting for abc2 news. >>> more containers mean more jobs for baltimore. they will begin weekly direct shipments from europe make baltimore its first port of call. >> the one thing we have not attracted is the first port of call. it's cargo that can move over any port, so we're very excited about that. we think that's a business we can build. >> as many as 600 jobs may be added. they're expected to bring 30,000 containers annually. >>> tonight abc2 is on the go in annapolis. we're checking out the ballet theater of maryland. we have big performances coming up. cheryl conner is there where things are just about to get underway. got your ballet shoes on? >> reporter: i'm not that coordinated. we'll leave the

state fines could follow if the ftc finds they violated a consent agreement reached last year. >>> taking a look at homes sales data due out next week. also on deck earnings from heavy hitters kraft, macy's, and walmart. >>> finally if parking is scarce in your area, parkatmyhouse wants to cash in. they're willing to rent out their driveways. >>> mickelson makes title and lebron fans get more than they bargained for. plus linsanity continues as the knicks take on the champs. your early morning sports head looirchs are straight ahead. >>> your presidents' day forecast has a little bit of snow in the midwest. you're watching "early today." >>> hey, there. a very good morning do you. if you're just waking up, this is "early today." in sports a new weapon in the knicks' arsenal setses up jeremy lin for another career game. >> hi, everybody. on friday night jeremy lin took the blame for his first loss as a knicks starter. two days later he was at the garden bringing linsanity back to life. second quarter, close game. lin with the steal, lineding a steal. 14 assists for the harvard sensation. i

protecting privacy online and off is an assistant part of the ftc mensch -- essential part of the ftc mission. most notably, last year, two of the largest internet companies are required to honor their promise to commit this to hundreds of consumers worldwide and to hire outside monitors to uphold their privacy practices. the ftc has had a policy function. we have focused its like a laser on privacy. last week, we released a report of mobile apps for children. in all cases, parents were not telling parents what data was collected from children. that has to change. no one has the right to keep parents from taking a firm hold of their child's hand as they crossed the information superhighway. we are working with industry to make sure parents are getting the information they need. the principles underlying most of our work are laid out in a december 2010 draft report on privacy that calls on companies to follow the three principles. privacy by design, more consumer choice, better transparency. how many of you in on his three privacy policies online? that is about 1/30. you are a pretty s

no timetable when the ftc will act but the proposed merger was announced last july. maria, back to you. >> hampton, thank you so much. hampton pearson in washington. >>> the bulls have been charging ahead, pretty good 2012 so far. let's look at the chart. let's talk february. according to my next guest, since 1945, the s & p performance for the month was the second worst with returns ranking 11-12. stan stovall and bob froehlich join us. good to have you on the program, gentlemen. thanks for joining us. talk february what are your expectati expectations, sam? >> i think february could end up being a month in which we digest some of the gains, up 20% that number is not that surprise, you look at history in the eight times since world war ii following near-miss bear markets or baby bear market, s & p up 23% six months after and 32% 12 months after we all observations being positive. i think we need to digest some of the gains. february as good as anybody. >> europe is the wildcard here around one of the reasons that volume is deadly, volatility is deadly, people just t

what is making investors nervous, a line in the story noting the ftc wants to block the deal but make sure it has enough evidence to do so so it can win in court. both of the stocks down 4 and 6 1/2% respectively. benefiting walgreen up, wall green's pharmacy business would be hurt if the deal between medco and express scripts went through. bill, back to you. >> thank you. so sorry about that little football game yesterday. >> you had to mention it, didn't you, bill? >> was that out loud? >> you were so aggressive on the field. >> maria, if it was the giants, you could be aggressive, too. >> good sport coming to work today. how productive are you. >> i didn't want to be unproductive. i think the giants fans are not productive today because they were celebrating late in the streets. >> has been rather quiet here. >> tom brady is still great, mary. >> he is. he is, maria. >> i have no opinion. >>> in today's -- thank you, mary. today's closing bell exchange we started another week without a deal on greece. elsewhere, this deadline for u.s. state officials to take a settlement deal on ro

in the coming weeks, both the ftc and the department of commerce are expected to issue long anticipated final reports on online privacy policy based on a series of roundtable discussions with relevant stakeholders and following up on their initial studies in 2010. senators kerry and mccain in the senate, representative cliff stearns in the house last year introduced comprehensive legislation designed to prescribe standards for the collection, storage, use, retention and dissemination of users' personally identifiable information. and these bills generated debate more generally in the halls of congress. this subcommittee also held hearings to address the security of sensitive health records and personal privacy on mobile devices. and last week, in deciding whether gps tracking violates a criminal defendant's fourth amendment right against unreasonable search and seizure, a majority of the justices of the supreme court acknowledged the challenges we confront as a society in determining the so-called new normal for privacy expectations in the digital age. against this backdrop, i'll direct

>> if the deal would be opposed by the ftc, it would be a benefit potentially to walgreens. there's a lot here. we'll know a lot more in the weeks and months to come. if we see if there's ftc action, gets back, herb, basic things are larger companies market to themselves or enough small pbms to service them. >> or assi i've put out there's still whether it's at the peak -- >> but the industry can't figure out what it wants to be. rite aid had one, cvs bought one then you have medco spun off of merck. doesn't seem to me they can figure out exactly where pbms fit in. c slrks s believes it's better inside them. others say they should get bigger on their own. >> express has had a successful run choosing to be -- and medco itself. >> let's not forget the walgreens-express scripts battle further fuel here that has people looking at that. >> certainly one of their biggest deals announced last year if in fact it were to be opposed, that would be significant. most investors still expect this will go through but certainly a lot of fear out there. again, all it takes with a headline wi

and yet, you've got the ftc looking into it. you have members of congress looking into it. there have been--privacy groups have lodged formal complaints. you've hired a lobbyist in washington to deal with this, so you know it's a problem. >> that's ahead when 60 minutes on cnbc returns. [ticking] so who ordered the cereal that can help lower cholesterol and who ordered the yummy cereal? [ woman ] yummy. lower cholesterol. [ man 2 ] yummy. i got that wrong didn't i? [ male announcer ] want great taste and whole grain oats that can help lower cholesterol? honey nut cheerios. weight loss programs can be expensive. so to save some money, i just got the popular girls from the local middle school to follow me around. ew. seriously? so gross. ew. seriously? that is so gross. ew. seriously? dude that is so totally gross. so gross...i know. there's an easier way to save. geico. fifteen minutes could save you fifteen percent or more. >> when it comes to the issue of privacy on the internet, facebook is sometimes distrusted even by its most ardent users. facebook ceo mark zuckerberg t

second, the appeal should also be granted because the proposed project violates applicable ftc health and safety standards. exhibit a details that in a very detailed way from the appellants expert. the appellate expert was supposed to be here today to make a presentation to show in more detail how that indicates the noncompliance. unfortunately, you had a medical condition, and he is not going to be able to be here to make that presentation, so we submit it on the documents already provided in support, but this does lead to a another problem with a piecemeal review and evaluation of the guidelines. for example, the amendment just passed by the planning commission is restricted, the independent in that nation will be restricted to capacity and coverage issues, which is key for the necessary standard in section 303-c-1, but, for example, it would not solve the expert clashing opinions on this regarding whether or not the proposed use complies with fcc standards, and this is why the scope of the independent evaluation needs to be expanded to include confirmation that the proposed use com

state fines could follow if the ftc decides google violated a consent agreement reached last year. >>> looking ahead, analysts are optimistic about existing home sales data for january, due out later this week. also on deck, earnings from heavy hitters kraft, macy's, and walmart. >>> finally, if parking is scarce in your area, parkatmyhouse.com wants to help you cash in. it matches desperate drivers with home owners willing to rent out their driveways. >>> defender makes history, mickelson is denied a second title, and some fans get a little more lebron than they bargained for. >>> plus, linsanity consumes the garden as the knicks take on the world champs. your early morning sports headlines are straight ahead. >>> your presidents' day forecast has a little bit of snow in it in the midwest. your forecast is coming up. you're watching "early today." >>> hey, there. a very good morning to you. if you're just waking up, this is "early today." in sports a new weapon in the knicks' arsenal sets up jeremy lin for another career game. here's nbc's bill seward with an early look at all of you

a week or two ago, there was news that the ftc may try to block this deal, the merger between the twormacy benefit managers. today, the stocks are up because an outfit called the market intelligence said it looks like the ftc staff is going to prove this. look, we don't know what's going to happen here. i've been someone out there raising red flags over the entire pbm world and many things that go aalong with that. right now if you look at the stock three or four weeks from now and this deal is proved, people are bertting something will happen. >> it's interesting. the news out of this is positive in terms of merger. to me, if these companies are put together, you got to own survivor because they're going to have a good shot at increasing pricing. i'd like the merger. >> think what you just said, increasing pricing. you get into the issue of i know this is not your point, but when you get into the issue of the fact that they even have to merge, what really happened to cause the need for a merger and what this does to health care pricing, what a great story going forward. >> it's great

this comes after last week we saw senator cole of wisconsin write a similar letter to the ftc.mong the stocks reacting to the upside, walgreens which has been in protracted contract disputes with express scripts, cvs also higher. those companies according to herb cole would also be hurt by the consolidation. this is one that bears watching, tyler. >> thank you very much, bertha. yum brands which owns taco bell, kfc and pizza hut gearing up to report earnings. they come after the bell today. look at yum shares. the stock has been up more than 8% so far this year. that's basically sort of flat today. nearly a 7.5% move for the year so far. jane wells is in los angeles focusing on the big issues investors need to know. jane. >> hey, tyler. yum stock reached an all-time high last week. while analysts expect a good report today, some would not be surprised to see investors make a run for the border after earnings as they have recently with mcdonald's and starbucks. the street's looking for 74 cents a share on $4 billion in revenue. double-digit growth for both. and the company certa

and yet, you've got the ftc looking into it. you have members of congress looking into it. there have been--privacy groups have lodged formal complaints. you've hired a lobbyist in washington to deal with this, so you know it's a problem. >> that's ahead when 60 minutes on cnbc returns. [ticking] [ male announcer ] technology accelerates at a relentless pace. anything not moving forward... is moving backward. [ tires screech ] [ engine turns over, tires squeal ] introducing the 2013 gs, with the lexus enform app suite -- the most connected information and communication technology available in an automobile. [ engine revs ] the all-new 2013 lexus gs. there's no going back. see your lexus dealer. should we be letting him p-l-a-y with our t-a-b-l-e-t? [ mom ] i think it's fine. it's the new element from at&t so it's w-a-t-e-r proof. cool. what else does it d-o? it's fast. it's 4g lte. 4-g-l-t-e? mhhmm. i think it's time to stop spelling? ok. a-y. [ male announcer ] introducing the waterproof pantech element. buy one for $249.99 and get a 4g burst smartphone free. only from at&

"you're taking on cosmo, single handedly pretty much and the ftc -- this pretty much sounds like davidhas gone public... "people think it's just a fun women's fashion magazine but the central core of the magazine is all about pushing sex -- pushing it in a very graphic manner." from fashion model to role model... nicole weider. 3 fox45 wants you áandá your pets to ""--mre heaathy." that's why there's going to be a zone ffr your "healthy best friends""at the fox45 b'more phalthy expo.this morning, the downtown doggie express is pulling into our station..from downtown dog resort and spa is here toolet us know what's on board.doggie express is a fully equipped bus for dogs schools--it educates kids promotes spaying and neutering, and raises shelter pets--also offers - pickups and dropoffs for disabilities so they their pets' needs--tell us more about the resort and spa... why ii it a good whose pets &pdon't like it when they're and relaxation and, most oo all, while you're away--what are some features that make it elevated beds, air purification --you also offer de daycarefor more informa

the house committee for energy and commerce wrote a letter to the federal trade commission urging the ftc to investigate google and the latest accusations against the company over privacy. recent missteps by a number of silicon valley companies have awoken washington's interests in privacy. back to you. >> scott mcgrew, thank you. >>> parents, if you want to help keep your kids in check there's a new app called pix checker works with your kid's cell phone. recovers every message and picture sent from their phone and shares them with you in real-time. some parents say this goes too far. others say it does provide a sense of security. >> definitely you know a good way to not spy but to keep track on what your kids are doing. >> it's currently available for most phone models that use google's android operating system but not available for the i phone or blackberry 3. it costs $3.99. >>> meteorologist christina loren is talking about 80s in some places of the area. let's check in with her for a look at forecast. good morning. >> good morning to you. not quite yet but later on this week in a c

the old days i guess -- i heard people used to do that, fudge it but now, you know the ftc is waiting. that's good. >> reporter: product claims are tested but sometimes they fail during testing even filming. bill said this happened recently when an i-phone case to protech the phone if you drop it. >> we dropped from ten storeys and it broke. >> reporter: what do you do? >> they were prototypes so we have to fix it. they -- those are the things you have to make sure it does. we stopped the commercial. >> reporter: people are used to commercials making it all look easy but in real life the testers sometimes can't repeat the results. >> they don't read the directions. >> reporter: while they get complaints he said ask yourself when you last complimented a company for a good product. we are asking the question, does it work. we have a few products here waiting to be tested but we are looking for you the tester. we need you to go to our facebook page at abc 2news.com slash facebook and let us know if you would be willing to help us out. we have a lot of new products waiting to go. >> that'

the ftc has a new report titled global apps for kids.y're urging apps store and developer toes improve their privacy policies and wants them to provide simple disclosures to us, the parents, when data is being collected, how it's shared. they're considering whether enforcement action is needed, basically coming down and saying, you think you're downloading these apps so you can make your kids smarter and tech savvy and they're watching you. these things are made for the companies, they're not made for you and actually for our kids to be smart and tech savvy. >> yeah. i got suckered into that early, early on, a free app which your kid loves and loves so much they want you to pie the $42 next level. i had no idea that was around. but no, i have an issue with screens in general. >> you have to be careful. >> but i think you're being a little cynical in your presentation that the apps are only for to us be tracked. >> no, they're to sell us things, too. >> yeah, they are. but when i left this morning, my daughter was doing math on the app. a

the ftc looked at hundreds of apps designed for children from flash cards to joke generators. the report doesn't name any specific apps, but it does put pressure app developers to be more straightforward. congress, meanwhile, taking a new, closer look at apple and its app developers after a social network called path was caught uploading app users' address books without permission. the company apologized and deleted the data, but bloggers started looking at other apps and found many do the same thing. apple this morning says it's going to better enforce its fine print. this could be a big problem because many of the apps on your phone could be a violation. it figured it would take a few hundred homes sold to see if any of them were suspicious. nearly all of them were suspicious. 99% of the homes sold had what king calls irregularities. 84% had what the city said were one or more violation of the law. one of the most common problems of the organization that actually owned the home at the time of foreclosure. california's real estate laws were dedinin to address a far simpler, m

the ftc balls up with an action and corrects the behavior. which seems to show that those groups plays a really valuable role in the process. how do make sure as the industry moves forward with a self- regulatory approach that the watchdog will be represented as well? >> i would say two things. first, i do think they perform an enormously valuable role. both the companies or are targets and they know it. since we do not confirm investigations, we cannot talk about it. you'll get a petition. members of congress also send us letters from time to time to look at things. how do we do? how do we do? investigation, you look at the company. when a company is potentially violating privacy or investigating in mortgage fraud. when it comes to policy, we're always consulting. we want the best information we can from the smartest people think about these issues. >> the senate is willing to give you another term. what you want to do in your next term? >> one of the great things that the federal trade commission is we are as much about continuity as we are

. >> no, ftc hearing, federal trade commission. >> we try to avoid the legal community as much as we can, i guess. >> what do you think of the intrusion of government? michael is quite open to that. fortifying what is necessary for the public good. do you go as far as -- do you go in the same direction? >> no, i don't think so. i think the markets, if they're -- if they're allowed to -- >> well, we just discussed how sodium disappeared. >> sodium disappeared because people hated the taste of low sodium products. the other reason that sodium disappeared is that the industry has not come up with substitutes for sodium like they have for sugar. >> what about salt substitute, that was around. >> it's hard to replace all the salt, but companies could knock it down. if you look at any particular product like sliced cheese you'll see that one brand has 50% more salt than another. >> do you think atkins was a charlotte iton. >> i don't think so. i think he was a little bit out of the mainstream. he believed very strongly he had an answer to overweight, obesity and everything like that so i d

bureau acting under the treasury secretary's authority or by the bureau working in tandem with the ftc and other agencys will be sent back to square one. second, real confusion among certainty for legitimate businesses. what businesses want as ambassador gray said, are clear rules of the road. they will have exactly the opposite. if the courts, should they comply with the rules that complied before the director was appointed, should they comply with the new standards even though they're now legally questionable, with the director's appointment invalidated who is going to provi provide guidance to businesses about what they should do? there's going to be a prolonged period of uncertainty. finally, duplicative compliance clause. business ves to go back to restructure their operations to comply with old rules that means unjust fi and excessive claws. that's money businesses could have used to create new jobs, to expand their operations, something that our economy needs. so the overall effect of the recess appointment is to put at risk significant

the ftc says the friend is continuing this year. >>> internet users are getting savvy. a new survey found people are managing privacy settings more often than they did just two years ago. last year 44% of the respondents completed comments on a social networking site. 36% said they did the same thing back in 2009 no is there a video game you have been out there itching to test drive? red box is offering a free one day rental on video games. but you can't just walk up to a kdka-tv. -- a kiosk. you have to provide a credit card number and then you can take the game oust of the kiosk. >> this mate be a way to test something out before you plunk down the money you might have to pay for it. >> i guess maybe they are trying to move people to their kiosk? >> yes. >>> it may just look like an old rock to you. see it on your -- on your screen. but in fact it is a monument to the district that pre dates the capital movie here. one of the boundary stones laid out in 1791, and 1792. the original boundary of the capital district was staked out and today it is getting a renovation, t

the white house plan envisions industry codes of conduct that would be enforced by the ftc. we at the ftc had a related idea we have been working on for quite some time called a "do not track option. they cannot opt out of advertising that they could opt out of being tracked and having their data collected. industry has been moving forward and so has a standards setting body. web browser companies have endorsed the concept. we are making progress and hopefully in a few months, consumers who do not want their information tracked could push a button and opt out of tracking. >> how much of this will be done through any regulations and how much will be done by the industry regulating itself? >> at this point, it involves industry itself regulation. that is the approach we are pushing for. i think to involve people from industry and advertisers and internet companies, to realize the more trust you have in the internet, the more people do internet commerce and consumers have trust when they can control their information. >> talk about what you like and how it deals with cowlick co

. >> judge jeanine: given the fact that google is presently under a consent order with the ftc.ntly as last friday there were complaints they had circumvented the safari browser. do you think that the do not track button goes far enough? >> i don't think so. on thursday they will put a new policy in which is an extreme invasion of policy. the question is is it an acceptable invasion of privacy. there has to be a line drawn between the which is model of google where they wanted to be able to target with laser presix our individual advertising interests along with the amount of invasion of privacy that we are willing to accept. what they are going to do now is say not only are they going to look into each of our individualized g-mail account every team you do a search on google, they will combine all of the applications into one rich and individualized information set on each of us. the question is how are they going to protect that from hackers, from those who would steal our eye den fit identitiy isn't there any choose. certainly well, an opt-in or certainly an opt out option. t

express strips, couple concerns that maybe acquisition of medco would not be approved by the ftc nows maybe it will the stock is back at five month high. among the best gainers. also in terms of relationships, possible breakup, talks between yahoo and alibaba have broken up you can see what happened with the stock this afternoon, fell off of a cliff. investors very concerned about that. >> lundberg new highs as we have a down day on the nasdaq, apple set to close about $500 for the second day in a row. ulta the rival to sephora. >> we're 20 minutes away from the closing bell, a quick market check on nasdaq. composite giving back some of yesterday's 26 point gain, volume on the light side today. the nasdaq down 10.5 points, that is off the worst levels which was down 20. cboe climbing as stocks, take out the vics, up 7.5%. settled above 20 on friday, first time that happened since mid-january. over to you b bill. >>> market is coming back, maria. >>> two weeks ago paul richard said buy the dollar, yen, target of 78, we hit that and more as you can see, what do do you take profits or k

they recently entered into a settlement with the ftc about privacy violations and then since that settlement numerous other privacy violations have come to the public's attention about facebook. >> a lot of people would say that -- and i'm assuming here -- i don't want to overstep my bounds -- this is chase action lawsuit, right? >> yes, it is -- a class action lawsuit, right? >> yes, it is. unfortunately there are statutes here which prevents substantial damages on a per day violation basis of a minimum of $100 a day per violation and if facebook is held to have violated one day's worth of this statute for 150 million facebook users in the country, that's over$10 billion in damages. >> i think a lot of cynics would say particularly in class action lawsuits only the lawyers get rich and all the users out there are probably millions and millions of them will make get like 10 bucks. >> well, if you look at the amount of damages per person, it amounts to at least $100 per person per day and they've been doing it for many days and so it is impossible for an individual to get a lawyer interested

. >> a spokesman for perkins confirmed that indeed, he did go to the sec, the ftc, the justice departmentand the california attorney general to complain about the tactics used in the leak investigation. >> if you have enough money and you're willing to spend enough, you can buy and sell somebody's reputation. >> and you're charging that's what he's done? >> that is what he did. >> you're saying, if i understand you, that he, tom perkins, set out to get you? >> he wanted me off the board. this was to get me off the board. i don't know if he ever thought through the consequences that would go beyond my getting off the board. >> well, you said he went to law enforcement. >> well-- >> that takes it another step. >> it does take it another step. and here i am today with an indictment over my head. >> are you saying he's responsible for that? >> well, i don't think i'd be sitting here today if tom had handled this differently. >> we have learned that perkins made several settlement demands on hp: that the company pay his legal fees, that pattie dunn be forced to resign, and that the company not

the bill would forgid the ftc spending morelogical an audit can determine if this is legal. >> commutersassing through san carlos will want to may extra attention. the sheriff's office will patrol city streets. deputies will not only target drivers, bicyclists violating the law. >> pg&e drawing new krit sim for how it mans to reduce activity in one area zblmt reaction to what many in one neighborhood call an eye soar. >> how much the state would make from facebook. ♪ ♪ twinkle toes i think i found a soul ♪ ♪ to make me happily ever after ♪ ♪ i say i love you and i'll say it more ♪ ♪ my one and only ♪ oh i can't lose ♪ so don't stop doing what you do ♪ ♪ have i paid my dues just to be with you ♪ ♪ don't stop doing what you do ♪ >> welcome back. christina loren tells us a cool morning out there as we give you a live look at the hp pavilion. sharks taking on the philadelphia flyers tonight. the sharks trying to get their act back together after stumbling on the road. >> a battle over safety versus beauty in wine country. pg&e says it needs to cut down thousands of trees under its lines in s

you have the macro dynamic and what survived and thrived the near death experience and you have the ftcement where they were fixing prices and levered up to build the flagship building. it wouldn't be the most shocking thing if someone took it over and you don't need that at all. i love this company and that the dynamic is fascinating. >> that are is compelling and the chinese billionaires and 74 live in moscow alone. why is this a duopoly. >> if you auction something, you cannot leave the country. if you auction it, it can't. they have an advantage there. it's a first mover. them or kristi. >> let's hit "options action"s. let's look at auto zone about a week ahead of earnings. >> where the are opportunities to own and a stock that moves 4% on average on the earnings and advanced auto parts moved 8%. you can own the upside for less than 2%. they were offered at about 680 and both were less by the close. you are spending less than 2% of the stock price to make an upside bet on a stock that could even if you think it goes either way, move more than that quite easily. >> you have catch mor

so now three congressmen want the ftc to investigate.d now by the reporter who wrote the story for the wall street jury know. jennifer valentino disease. good to see you. explain why google would want do this in the first place. >> well, google says the placement of these tracking files was inadvertent, that what they wanted to do was place little buttons on advertisements so you could indicate to your social network that you really liked an ad. >> stop right there. how -- can i just stop you right there? how could it be inadvertent when they apparently used some kind of coding technology in which to bypass, you know, that privacy setting? >> right. so they had to bipass that setting to put these little buttons on and that also resulted in the placement of all these tracking files that could kind of follow your browsing around the web. so what they're saying is, well, we intended to do one thing and we didn't realize that we were also ended up adding all these other tracking files that so how long was it believed that google was doing th

house committee on energy and commerce have sent a letter to the federal trade commission asking the ftclaunch an investigation into google's privacy practices. washington's been taking a strong interest in lately in silicon valley and privacy after a series of missteps by several companies almost as if they are daring washington to crack down. also we should see the dow cross 13,000 this morning in what, about five minutes. after that good news you were talking about earlier about with greece. back to you. >> sounds good. thank you. >> 6:25. still to come, students at one san jose school will return to a school cleaned up after vandals sprayed racist graffiti on. find out what the school plans to do next. >> and brace yourself, gas prices topping $5 a gallon could be just months away. a live report on this coming up. >> from near-record warmth to a round of rain, we have a lot to talk about in the weather department. starting today the warm-up is on. i'll take you through your forecast coming right up. >> drivers on 580 slow as you approach the dublin interchange. you might get a break

the ftc is expected to approve new rules today making it harder for companies to bombard you with roboalls and those automated text messages. telemarketers will be required to let you opt out of future calls during the call. >>> we have "cbs this morning" coming up. let's see what's going on. >> gayle king joins us now from new york. she was the lady in red yesterday. and you're so small there, what are you wearing? >> today i'm a lady, frank in olive green. >> there we go. >> with a little touch of brown. [ laughter ] >> thank you both. president obama's approval ratings are up but as cbs news/new york times poll reveals, some serious concerns, we'll ask obama campaign strategist david axelrod about the president's latest poll numbers, the economy and the compromise over health insurance and contraception. we have a lot to talk about when we see you at 7:00. >> we certainly do. see you at 7 a.m. thank you. >>> bye. [ laughter ] >> this is really amazing. jeremy lin does it again. >> we should ask gayle about this. the nba star from palo alto hit another game winning shot for the new y