control of the ftc and a number of folks so you don't even necessarily have an agreement within what one party on the privacy should look like it gets much for complicated as you start across the uses so i think it is an area without the objective harms that we need to tread very cautiously. >> i think that we have used the sector-based approach to resolve these daring to privacy concerns. we could have a discussion about whether that has been a good thing but essentially, we have different ways that we have tried to approach for checking information that we regard as sensitive like health information and financial information and so we have actually had this kind of incremental approach on this issue over the last several decades and it's not something that we are unfamiliar with in this country. >> i think that it's important to distinguish the regulation as it is written and has practiced there was a piece in the times a couple of weeks ago, and this was written by an expert health professionals would tell him know i can't tell you that it is, the mother wasn't at all. it wasn't a

democratic-controlled ftc and the number of folks in the democratic offices in congress took a shot at that so you don't even necessarily have an agreement within the one party on the privacy will look like. it gets much more complicated as you start popping across the industries and so i think it's an area we have the objective harm we need to try very cautiously. >> historically in the united states get used the approach to solve the difficult privacy concerns. now, we can have a very robust discussions about whether that is a good thing. and that is to ensure that we have a hippa in different ways that we regard as sensitive like the health information and financial information and so i think that we have this kind of incremental approach on this issue over the last several decades and it's not something that we are unfamiliar with in this country. >> it's written as the practice. it's a lot easier to say no. they say they can't do that and they do it legally so it was a huge difference and it can be used as a cover so you are 100% absolutely sure. one thing i would emphasize is

one of the first people we reached out to were the ftc.heir educational material for consumers and small business are really some of the finest materials that we have out there. when you talk about partnership, which i did earlier, they make our job much easier. that's a great partner because of the quality of the materials that they develop for the communities that they serve. so we count on the ftc for a continuous evolution of quality materials for people to stay safe and secure online. so it's my distinct honor and pleasure to welcome commissioner mcsweeney this morning. [ applause ] >> thank you so much. good morning, everybody. thank you, thank you, thank you. thank you for that incredibly kind introduction. i really appreciate it. and thank you, also, for getting this video that i'm going to share queued up here. i really. delighted to join you this morning for this important event. i have to say, again, to underscore what michael said, that partnership here is incredibly valuable to the federal trade commission and its mission to p

the ftc essentially objecting to the deal.ow, let's switch gears. -- a deal hase been called into question for quite some time. media mogulays the is mentally sharp, even makes his own decisions on his own medical care. bloomberg's lucas shaw joining me from l.a. with more details. it has been speculated for quite some time how healthy sumner redstone really is, but all of this came to light because of a filing by his ex-girlfriend. is that right tackle ex filed a suit in court recently alleging that sumner was not capable of making decisions on his own. some of it has to do, i think, with her role as medical directive, and this sparked a lot of different stories, prompted people to write about it, so the ceo of viacom came out this morning and started off by opining for five or 10 minutes, both on the state of 's affairs as well as rebuking the media for its coverage over the past week or two. betty: it's also interesting -- didn't come to light that sumner , to the point, i believe, his lawsuit alleges he would be making med

but let me add one thing about the ftc and ncsa.consider the ftc one of our prime partners many all our education and awareness. when i walked -- i've been at ncsa since 2008, and one of the first people that we reached out to were the ftc. their educational materials for consumers and small business are really some of the finest materials that we have out there. when you talk about partnership, which i did earlier, they make our job much easier. that's a great partner, because of the quality of the materials that they develop for the communities that they serve. so we count on the ftc for a continuous evolution of quality materials for people to stay safe and secure online. so it's my distinction pleasure and honor to welcome commissioner mcsweeny this morning. [applause] >> thank you so much. good morning, everybody. >> good morning. >> thank you, thank you, thank you. thank you for that incredibly kind introduction, i really appreciate it. and thank you also for getting this video that i'm going to share queued up here. i really

authority which they don't have but which presumably has a lot less expertise in the area than the ftc what do people think are going to be the repercussions of that. >> you don't have to answer first. >> i am happy to. >> a couple things. one, i didn't do the disclaimer at the beginning i'm speaking on behalf of myself and bought the federal trade commission. >> but my colleagues have said and others have said we think that the exemption in the act to be repealed and outdated etc. so i stand by that. >> i think it would be incumbent on both of those agencies to do as we have done and in multiple areas where we share the authority to make sure that we are viewing it consistently. they have a 100 year track record with the department of justice. we share authority with a cfp b. and the ability of the fcc. i think that it's entirely possible and we see this and many other areas of the government to have different enforcers and i would say they are increasingly the enforcer sharing the authority to try to make sure they are using it consistently and then i think that is incumbent upon us

today, the ftc collected 8% of the $1.2 billion in fines for those entities that violated the do not call list. >> joining us now is toby stanger at consumer reports here to talk about stopping unwanted calls once and for all and toby, just why are these calls so rampant? when i am home during the day which is rare, they're constant. >> the reason is it's cheap to have a row bocall system. they know how to spoof the numbers and make it look like it's a real call and then it makes it difficult for consumers to identify them as robocallers and scammers and difficult for >> some of my colleagues were talking about being on a do not call list, what can you do to stop this? >> there is opportunity through the tell codes to get some blacklists created. but we feel that they're not really -- >> blacklist, is that something they do through the ftc or -- >>ou go through your telephone company and say, i don't want certain numbers to call me. but it's limited. and the roe robocallers change their numbers. >> there is a paid service? >> it's called digi caller block plus. $110 on amazon. we got

the ftc said the company violated its deal by continuing to make false claims. the company says the settlement does not confirm or deny allegations. investigators say the tips are continuing to pour in as they search for the infamous afluenza teen. erika: even couches wanted by the feds. why they think he could have a serious head start on him. phil: and lebron crashing into the court seat. the fan who is recovering tonight. harvey: it has been a long time since temperatures have looked rparis: there's a lot to do on a dairy farm. nobody's gonna do it for you. ryou have to get out there and do it yourself. p bernie sanders is a well-known friend of family farms. bernie cannot be bought out by big money. bernie's opinion cannot be purchased. pit's time for our next president to get in there, r roll up his sleeves, take off the gloves, and take on wall street, take on big business, take on big money, and get the working class he's a rock. sanders: i'm bernie sanders and i approve this message. phil: an accidental overdose is blamed for killing former stone temple

in 2010, the ftc alleged lifelock made false claims in promoting its i.d. theft protection services. at that time, lifelock paid a 12 million dollar settlement. earlier this year the ftc said , the company violated the deal by continuing to make false the company says this settlement doesn' t confirm or deny the allegations. merry christmas from the duke and duchess of cambridge. kensington palace just released a new photo of the royal couple with prince george and princess charlotte. the duke and touch is announcing prince george will start attending nursery school next month. of course an action taken to the extreme. emily: a basketball fan gets a little too close to the action. lebron james crashed into the woman while hustling for a ball last night. the seat flipped back lebron , landing on top of her. that is ellie harvey, the wife of pga champion jason day was taken out on a stretcher. espn reports she' s was held at the hospital overnight, but is expected to be ok. a massachusetts state trooper is a hero to a little girl who lost her best friend. thi

so these new ftc rules prohibit all of that. and, i don't know why you'd give your mown to a stranger calling you in the first place. some people do that, i guess. they must be, or they wouldn't keep calling us. >> awfully convincing, they can. not that i've done it. >> and i'm sick of the phone calls. bill, thanks -- >> right at dinner time too, right? >> and only cell phone, always. thanks so much. >> see you tomorrow. >>> beautiful day. >> stunning. we need the rain, so in a way, it is a beautiful day. drought going on, this is nice. >> nice. >> and for the big plan there on the plaza, the tree, we don't the president to dry out. tomorrow night, the big tree lighting, of course everyone wants to know, will it be dry by then and the answer is probably not. there is some rain that's going to be sticking around throughout the day tomorrow. we'll talk about the timing coming up in just a few. 50 degrees outside, and we have mostly cloudy skies, live look at the radar, you can see showers streaming on in, mainly from the south and

staples says the ftc isn't making a counteroffer and it is still willing to enter negotiations to addressoncerns. staples rose a fraction to 9.39. office depot off 1 1/2% to 5.33. oracle has settled allegations by the federal trade commission. the ftc accusing the company of leaving up to 850 million pcs susceptible to hacker attacks when it released security updates for its java software. no comment from oracle. despite the news shares were slightly higher to 36.42. investors getting a chance to react to juniper's security issues. the company says it has discovered two security problems that could affect one of its operating system products. reuters reports the department of homeland security is working with the firm on its investigation. shares tumbled about 5% to 27.25. and the centers for disease control says it is investigating a more recent batch of e. coli cases linked to chipotle. the cdc doesn't know yet if this is part of a larger outbreak that started back in october. but the agency says five people have been reported sick. shares fell 3 1/2% to 522.01. >>> tyler accurativist i

understandes the ftc the rate of change?look at financial regulation in terms of wall street, those who are regulating them don't understand the current challenges. greg: the fcc is our regulator and i'm sure they are doing a wonderful job every day. part of our job is to explain why we are getting more competitive. that is our challenge and they are receptive. stephanie: when i think about appointment viewing, it means i never watch advertisements ever. greg: that is one of the challenges around appointment viewing. dvr penetration is up. linear viewing is down or declining. brendan: when we are talking about dvr penetration, what box are you using to look at the content? loosening of that market and allowing other companies to compete right there at the point of entry of cable into your house, what is your stance on losing that? greg: google competes plenty well. they have an opportunity to provide video service. brendan: but on the set-top box. greg: they can build their own. god bless them. stephanie: you think of google

we'll have the latest on this morning's m&a and what people are saying about the doj and the ftc. we'll talk about chipotle and some reports coming out of bosto boston. more "squawk on the street" in just a moment. at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it's not muted. was that you jason? it was geoffrey! it was jason. it could've been brenda. >>> shares of chipotle getting hit this morning after boston college said several students, including members of the men's basketball team felt ill after dining at the chipotle in boston's cleveland circle. that restaurant has since been closed. the massachusetts department of health has been notified and is working to determine if there's a link to the ongoing national outbreak of e. coli. this has been a west coast story for the most part. >> i want to be careful on this one, there's been no confirmation it's e. coli. people got sick after going to one, i won't say it's not chipotle, but i felt it's important to point ou

we haven't talked about ftc. let me hear your take, mr. logan. >> thank you, mr. chairman. we appreciate the work that's taking place on dsrc. that's been a 15-yearlong road to get to where we are today. we have a good technology that's ready to go. once we get the spectrum issue closed, i think we can move forward with that. safety of life, mission that dsc promises us. in terms of cybersecurity, you know, we've looked at the framework and we think that it's a good agency for us to partner with. as an industry to create the same types of best practices and self-guiding principles that we've already done in terms of private security. >> it's another level? >> yes, sir. >> okay. >> mr. chairman, a couple of issues with principle and a direct answer to your question. it's all about incentives. at tesla no one could be more interested in our survival, specially a small company that we are. i think that whatever we do and whatever agency it resides, innovation, number one, and sharing, putting the proper incentives in place to innovate and share. i think an instructive case of

the work that i'm most proud of his bbd.orcs because we share information with the ftc and the fcc and reports that are recorded we make sure no personal information is available scammed we know people are embarrassed. nothing about you will come out, just about the scam and we share a lot of our data so a lot of these web sites and the sources here are often linked and i would do a little plug that though we are talking about cyber in the internet there are great materials upfront so please take an old-fashioned copy and read it and you can view the same information on line but there are great resources from everybody here. >> in closing i would just say if any of you are interested in learning more about the educational programs that we are doing our web site gnu.edu has links that will lead you to a lot of what we are doing and cybersecurity. the one thing i didn't mention as a research university we do have the experts to do research and some of them are sitting out in the audience right now. we are also trying to really do the research work with industry and the federal government

. ♪ ♪ ♪ >> asad was a tv star in his home land baghdad, when he tried to set up a ftc music school inome the taliban told him to stop. >> most of them, they leave the country most of them they could not but they stop sing. they stop playing music. >> on guitar is basil, he made the journey through europe late this summer. he carried his guitar with him all the way singing for other refugees. >> now we play music what we feeling. what happened with us, how we live in damascus. that's all. >> the people helping organize close to their target of $13,000 to print the cds. music classes for refugees children and concerts are also being planned. in a europe increasingly and openly hostile to all refugees it is perhaps a reminder of how war affects all of us even the most talented. >> nonot bad. >> lawrence marie, al jazeera, brussels. >> just ahead, not something we associate with christmas, but in mexico pinatas are as much a symbol as christmas trees. when you're on hold, your business is on hold. that's why comcast business doesn't leave you there. when you call, a small business expert

ftc every month, hundreds of new homes are built here but most of them are empty. the question you need to ask yourself is how many people can afford to buy a house of 100 million in nigeria? letless than 2% of the populati. explained that it's less than 2% of the population. >> reporter: which means that many people here wouldn't be able to afford these new homes. a house this this estate costs about $500,000 to buy. renting one is as much as $25,000 per year. developers put the blame on expensive permits and pass the cost on to tenants. it's not about number of homes, it's about affordability. areas with poor roads and security are ton outskirts of town. many people who are accused of oversaving, continued to be priced out relegated to the slums that encircle the city. ahmed idris, al jazeera, abuja, nigeria. >>> parts of china are nstle end in red smog. >>> rare pink dolphins, only 61 of the mammals are thought to remain as development hits their habitat. from hong kong, divya gopalan last the story. >> the first thing they tell you is don't raise your expectati

made a surprise visit to the charles de gaulle on friday, to meet the support crews crews launching ftc attacks on the targets in syria. french journalist spent ten months in i.s.i.l. custody. >> syrian human rights activists saying we do not need more bombs we need no fly zone we need protection, we need less a decrease in violence and not more nations bombing us. >> yet the bombing continues. the syrian observatory for human rights said heavy government bombardment on friday killed at least 26 civilians, nearly a third of them children. the coalition against i.s.i.l. ares is growing but so are the casualties. paul brennan, al jazeera. >> nuclear power, america's first reactor in decades is about to come online but some are questioning whether it's needed. one of the world's most active volt canvolcanos shows its fury. bets are off. >> mount etna in sicily is erupting again. the eruption forced the closure of a nearby airport but there are no reports of any damage or injuries. until recently, researchers felt mount etna posed no threat to those around it. >>> many activists say another

the framingham-based chain says the ftc is overstating how fiercely the two companies compete saying there is plenty of other competition in the market. injunction to block the merger earlier this month. antoinette: asian stocks mostly higher today, taking cues from overnight gains. right now, stock futures are down on wall street, after a light day of trading ahead of christmas. the dow gained 185 points yesterday to close at 17,602. u.s. markets will only be open randy: a look at your trending stories this morning. a cafeteria employee in idaho is out of a job for giving away a meal. the school let go of dalene bowden, saying she stole from the cafeteria. bowden says she served lunch to a child, who didn't have any money. so far, the school has not commented on the allegations. bowden says she loved her job, but she would do it again for the child. antoinette: a muslim family from london is turned away from their dream vacation to disney. 11 members of the mahmood family, including 9 young and teenage children, were turned away at the gate as they were about to board for los angele

. >> staples getting downgraded at a hold based on the ftc decision. you are long this stock. explain the risk of the deal falling apart? >> why don't i give a word here of ug because that's what it feels like. >> that's very expressive. >> there was a chance they could work something out with the ftc. that fell through. now they'll fight it in court. the stocks trades at fair value. i don't agree with the analyst call to downgrade it today. it turns very much at fair value. the problem is this is going to be dead money for a while because it's going to work through the courts for quite some time. staples is not giving up on office depot, and there's a lot of people, including me, who think this deal could go lou. >> so you are hanging on? >> yes. >> with an ugh. >> ugh. >> guidance for 2016. steph. s. >> an analyst day today, and they are giving targets from 2016 to 2018, and i think the numbers look fine. about 4.7%. operating margins were a little light in terms of guidance. gross margins a little light. i think some people are thinking what are higher wages going to -- how

in that capacity, it violates certain ftcs as well as fda protocols >>> yet it is widely available. there are a lot of clinics, places across the u.s. where you can get hgh? >> absolutely. it's very readily available. as well as on the internet. there are many products sold. again, they're not sanctioned nor are they fda approved, which bears the issue that they could be tainted. what you get when you buy something on the internet is really an unknown >>> is it as possible lair as people-- popular as people seem to think. we hear athletes and hollywood. is this such as bow tox was years ago? >> it is. many prescribe this to their patients and they seem to do well. yo went know the data, the long-term effects-- we don't know the data >>> thank you. >> i appreciate it >>> heaver is one way to solve the whole problem of doping in sports. just let it happen. change the rules for hgh steroids, you name it, anything goes. we will explore that next. later, hour red light cameras set up to make intersections safer also make revenue, maybe too much, for the american city. >>> al jazeera's ne

ftc says it would reduce competition. staples says it will continue to negotiate. >> vanessa: if you want allergies, candy maker mars says it's recalling 6700 of dove chocolate assortment snow lakes. those candies could have nuts or other allergens in them. they're sold only at walmart. >> mark: christmas tradition in european countries is not getting to tables. lob sher shipments are down because of a strong dollar and down european economy. lobster men say consumers in asian countries are making up for the loss. >> vanessa: crews rescued more than 100 sea turtles from the cape this weekend. can you see them in these boxes. ought upon said strong winds caused them to wash up in several areas. >> kevin: high temperatures like would you expect in late december, 52 degrees in boston, 50 in bedford, 46 worcester. it may end up being the warmest december on record. i don't see why we won't stay atop the leaderboard. degrees, down a degree to 45 in worcester. showers to our west, but for the most part we are staying dry this e

so unless either side blinks, ftc or one of these two retailers, if nobody's willing to blink or give any room, it looks like we may have a court battle on our hands. we will see. key you posted on that. >> everybody's merging. >> they are, because money is cheap, and they need the mass appeal to make some money these days. >> see you later. >> all right. >>> now with a check now of the weather. feels about average out there 50 degrees or so -- >> cooler today, rob. its been so warm the past few days, no sign of anywhere, except if you're looking down there. you can see the skaters enjoying cooler weather, temperatures in the 40s, even though we're closer to average today, it's still above average. 47 outside already. we have partly sunny skies, now we are tracking some rain off to the east of town, but it gets milder day by day. you can see in your weather headlines, it is a bit cooler today. clouds and showers off to the east of town, eastern long island, and then a major warm-up coming as we head towards the end of the week and especially into the weekend. right now we're tracking

federal trade commission said they would reduce supplies, and they are willing to negotiate with the ftc in order to pursue the deal. ed: holiday season can be expensive, but people are saving a little at the pump. has been in years. it dropped to $2.06 nationwide. i paid under two bucks today. it is moving down. heather:where? give me the tip. ed: it is along route 9. let's look at first alert traffic and this is the pike. it is going in both directions. the tail lights are into town and you attempt the brakes closer to the tolls. as you come back you are moving okay. let's hit the update button and check the drive speeds. you can see some red and red in the area we just showed you. mass avenue to route 3 is half an hour. 128 is alt over 20 minutes. a lot of cautionaries in the city, but normally are. it is 5:10 in the evening. newton corner is 15 minutes. slow to the tolls and then 36 from western tolls to 495. most is right at the tolls. 495 in both directions looks pretty good right now. 5:00. it was route 9 in wellsley near a fire station. >> i know exactly where that is. >> $1.99.

the ftc staying they worry about it eliminating competition as far as large companies being able to get good pricing on their office supplies. back to you. >> bertha, thank you very much. >> that one has me scratching my head. they are not going to let office depot and staples? what about amazon? >> too few operators in that industry. >> i need to read more about it. >> 12 minutes to go, the dow making a little bit of a come back, down 015. >> you would make a good ftc commission err. art cashin pointed out we have $250 million to buy. not a big number but we are already seeing a come back for the namer averages. up next td ameritrade's chief strategist tells us why annisters should by amazon and nike on these dips. that's coming up. >>> about ate minutes left with the dow down 113 off the lows of the session. joining us is jjkanahan from td ameritrade. you always give us a sense of what your customers have been doing. this time around you're telling us how they've been buying financial -- no, they've been selling financials and buying dividend payers here, just the opposite if we're ex

cg: name pending from ftc stratus : serrano pkg charity organizations scam wnju tc: 01: 00:21 " gastaronellos mismos, a sus familiares y tambien a sus hijos." la comisin federal de comercio se refiere a una de cuatro organizaciones acusadas en la demanda civil de este aÑo.alegan que la familia fundadora supuestamente se qued con la mayora de los 187 millones de dlares en vez de ayudar a pacientes con cancer. 97 por ciento de los fondos presuntamente se gastaron en gimnasios, cruceros de lujo y recitales. su fundador se defiende indicando que todava no han sido declarados culpables de los cargos. cg: adam clemens. linda clemens breast cancer foundation tc: 22:52: 39 "i was most shocked at the scale." stratus 11 p cancer charity scam wvit: el caso ha sorprendido al pas entero. pero, hay ms de un milln cincuenta mil entidades sin fines de lucro registradas y fiscalizarlas es difcil. algunas son legitimas..otras no.. como aquellos que piden dinero en nombre de departamentos de bomberos y policas. cg: mike lopez. usted es unad tc: 16 24 08 "s saber donde pas to y va a rem su estacin de polica

he also tried complaining to the ftc with no luck. still ahead this morning... today and it's all happening right here in las vegas! we're talking about the utah utes and byu cougars facing off in the las vegas bowl. coming up, the details on today's game! plus, a store manager is turning the search for robbery suspects into a little humor. closing in on an agreement that could lead to better paying jobs for nevadans. and a live look outside...shaping up to be a beautiful, but cold morning. but will the weather hold up for your weekend plans? good morning las vegas! i'm elizabeth gadley... the time now is ... if you are just joining us... welcome. if you've been with us, thanks for sticking around. let's get started with a weather first check with carlo falco! it's another cold one... but not quite as cold as it has been. how's our weekend looking carlo? ((ad-lib)) ((ad-lib)) it today in carson city...trying to reach an agreement on the "faraday" future deal. discussions and negotiations the senate finally passed the tax incentive and bond package needed for the

the ftc is challenging the proposed merger of staples and office depot. they basically say that the staples proposed $6.3 billion acquisition of office depot would violate antitrust laws by significantly reducing competition nationwide in the market for consumable office supplies sold to large businesses. the ftc goes on to say that in general staples and office depot are the top two bidders most of the time for large business customers so they are filing suit and they are challenging the proposed merger of staples and office depot. office depot, as you can see, now down better than 17%. staples is off about 11.5%. both of these stocks we should note were lower going into this announcement but they have taken a second leg down, mandy, on this news. back to you. >> they certainly have. thank you very much for that breaking news, sue herera. >>> to the ongoing investigation into last week's terrorist attack in san bernardino. cnbc's jane wells joins us now with the very latest. hi, jane. >> reporter: hi, mandy. i'm outside san bernardino police headquarters

i think the ftc is actually really sharp. they do the work.ery big mergers in health -- they are looking at the dynamics of the marketplace today and trying to understand what's happening. what the market is, take airbnb and hotels. his airbnb in that market -- is airbnb in that market? airbnb certainly says they are. depends on if they are trying to get a big merger through or not. cory: that's exactly the point. the ftc is trying to look out for consumers and places where prices like it just -- prices might get jacked. they are looking out for the better aspects of the economy that might allow for competition to continue to exist. stephanie: were there deals that you think will get halted because of the threat? look at the breakup fees. $175 million. cory: there are a bunch of mergers in health care that have been proposed that the ftc is going to take a really hard look at. we see what has happened to health care prices with competition. there is competition, great concern about what that might mean for people. stephanie: you are going to s

he also tried complaining to the ftc with no luck. with new year's right around the corner, people are starting to think about their resolution. if losing some weight is on the top of your list.. you might want to go ballooning. a hospital in missouri is among a few in the nation testing a new weight loss pill. patients take it during their lunch hour and it inflates in their stomach. the pill contains a small balloon with a long string attached. once in the stomach.. you inflate it with nitrogen. the goal is to take up enough stomach space that you're no longer hungry. it's not a cure all. 16:56:38 dr. sreeni s jonnalagadda, md / gastroenterology you really have to watch what you eat .. the pill is designed for people with a body mass index of 30 to 40. most people have a bmi of 26. still ahead this morning... there's a holy war going on today and it's all happening right here in las vegas! we're talking about the utah utes and byu cougars facing off in the las vegas bowl. coming up, the details on today's game! plus, a store manager

customs relief provided under the ftc agreement prevents maritime activity in the region. these activities create more maritime jobs, increase sales taxes and business licensees to provide economic benefits to the whole region. chevron's longtime san francisco business. i think some people are not aware of that or forget and they're very good corporate citizen did they invest millions of dollars into san francisco's nonprofit community, including exploratory and right here on the waterfront. this emphasis go chamber urges the port commission to approve the ftc operating agreement extension with chevron. thank you very much. >> thank you. >> hello. my name is cairo where the. the second director of for richmond. a corporate sponsored organization from chevron. i'm here to speak about how they are good citizens in regards to my organization that i lead. they invested over $1 million over a long back in time to support what we do in the community by implement team and supplementing when the committee members need. the way our community works were my organization works, we are

they are good to use the ftc to avoid raising rates? is not what we think is going to happen.are raising the possibility. if the are, why are they doing a? because they don't want the associated rise in the currency. they are sending a signal that they don't want the currency higher. that is why sterling is trading off. we have to see if they can live up to it. we're -- we think the bank of england will go. if they go, sterling will go. if they decide to go some thing different, sterling is not going to rally. sterling, weve on have this referendum. it is met with uncertainty. it takes the ratio out of the picture which is bullish. by the end of next year, we still got sterling at 150. jonathan: what is across the plane? -- david: euro sterling. which you've got to believe my euro story which i know a lot of viewers don't. about a: talking currency war, you characterize it as a policy war. what is the difference? david: it is not just currency. in canada, will they use fiscal policy now? in the way -- anyway they're using any tool they can to get the currency lower. the curren

it was as if milton friedman were writing policy for the ftc.kind of person you want running for president? it's the kind of person i want. that was more than a decade before he ever ran for the u.s. senate. he was doing it because it was the right thing to do. and wouldn't it be nice to have in a president? it's quite a contrast with today. quite a contrast. he then went on to be the solicitor general of texas obviously being an attorney general, i have an affinity for solicitors general and he did han unbelievable job there. he had some of the most extraordinary cases before the supreme court during the last decade, and he won them. he won them. wouldn't you like to win? i want to win. and i am proud to be endorsing a winner. because of some of those wins the ten commandments sit at the capitol in texas today. because of one of those wins an unbelievable international case where others were trying to stop texas from utilizing their death penalty. now, whatever you think about the death penalty, i think each state should decide what they think

prosecutors in pennsylvania have charged bill cosby with ftc sexual assault in 2004. just before the statute of limits et cetera have run out. john elkins is there. john. >> jonathan, are looking only straight ahead or straight down, he was held up by his attorneys, one of whom said the charges againsagainst cobzagainst cosby. he will be exonerated. bill cosby, arriving at a judge's office in philadelphia, brought new scrutiny and now comes the first criminal charge aggravated assault, filed in pennsylvania. >> these charges stem from a sexual assault that took place on an evening in early 2004. at mr. cosby's home in shelto sheltonham up to. mr. cosby is charged with indecent assault. >> pledged to be tough on sexual predators, referring to cosby in particular. >> charges today are filed as a result of new information that came to light in july of 2015. statute of limitations in this kind of case is 12 years. >> that statute runs out this week, as the civil suit was filed in 2005. it stems from an alleged 2004 incident in which andrea constant went to his house for d

the department of justice and the ftc are very busy wondering what the long-term impact is going to bend we really don't know because it is unprecedented. david: i know taxes have been a big motivator. do you think that is a driving force here? tara: everyone was concerned the new treasury rules would somehow dampen that. there are so many companies paying 25% or 30% on their income and it seems like it's not sustainable when you have their rivals going and lowering their taxes. david: and you very much. on the web. more corporate america is not the only place having a rough year. martin shkreli has been ousted in two companies. here's what he told the "wall beating theal" -- person up and trying to find the merits to make up for it, i would hope the government would not take that approach. is developinghat and dramatic in amazing ways. what is the latest? you is fired as another ceo today. he was fired as another ceo today. from he took the stock $.45 up into the $30 or $40 range and put it now you around $100 million. he made quite a nice paper profit on this and then they ousted him

jpmorgan has agreed to settle and ftc case involving disclosure failures.s accused of failing to disclose plans of its own products. the bank will a $267 million and two of its units admitted they did wrong. and ending six years in the u.s. selling to blackstone group. is to cut debt. shopping centers are located in the north east and texas. a british drug maker is going to buy a portfolio of experiential -- experimental hiv treatments. quitol-myers decided to efforts in virology. you can always get more business news at bloomberg.com. there has been plenty of news today on banking jobs. citigroup is planning to thousand job cuts following more than -- morgan stanley's news. planning to eliminate 1200 workers worldwide. for more, michael moore who covers banks. on the morgan stanley front we were expecting this news or was this is price here? michael: morgan stanley has been known for a couple weeks. we first broke that. those cuts have been ongoing. there were some reports for more in equities. that seems to be more of the typical size as opposed to the fi