charles payne and dagen and adam and charlie gasparino. first, charles payne -- he has to wake up. [ laughter ] >> neil: all right. what do you make of this and all of a sudden, you can do this thing, divide the problem and the problem goes away. i don't think in this case it goes away. >> i have to tell you, when george stephanopolous interview, i wanted to scream. i wanted to cry and i -- i wasn't. >> neil: it was it george stephanopolous. >> i'm not sure because i was the same way with dennis rodman. [ laughter ] >> but there is obviously a disconnect. the disingenuous of the whole thing. keep saying, if we don't figure out a way to shuffle out

charles payne and dagen and adam and charlie gasparino. first, charles payne -- he has to wake up. [ laughter ] >> neil: all right. what do you make of this and all of a sudden, you can do this thing, divide the problem and the problem goes away. i don't think in this case it goes away. >> i have to tell you, when george stephanopolous interview, i wanted to scream. i wanted to cry and i -- i wasn't. >> neil: it was it george stephanopolous. >> i'm not sure because i was the same way with dennis rodman. [ laughter ] >> but there is obviously a disconnect. the disingenuous of the whole thing. keep saying, if we don't figure out a way to shuffle out trillions of dollars in economy to fight global warming because it's going to get one degree warmer in the hundred years, we shouldn't worry about the deficit that never stops. it is a crisis and immediate crisis and should be honest about that. >> neil: dagen, he was saying in and of itself a balanced budget isn't the goal. it's getting to that but not at the expense of blah, blah. but in saying

cheryl: charlie gasparino writing a book as we speak.ight now one mark on the next chapter. twenty-eight minutes until the closing bell. sending money via mobile payment is a rapidly growing industry worth an estimated 1,701,000,000,000. more start-ups are changing the playing fields. how can you cash in on the sector? that's coming up with fox business. shibani joshi talking to western union president coming up in just a second. ♪ we know a place where tossing and turning have given way to sleeping. where sleepless nights yield to restful sleep, and lunesta eszopiclone can help you get there, like it has for so many people before. do not take lunesta if you are allergic to anything in it. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving or engaging in other activities while asle without remembering it the next day have been reported. lunesta should not be taken together with cohol. abnormal behaviors may include aggressiveness, agitation, hallucinatio or confusion. in depressed p

liz: do you see charlie gasparino? is len shorting the dow? is len shorting the s&p?your game plan is it? >> he asked me on the way, he said are you as bearish as i am? i'm not bearish. there's so much liquidity. it has to go somewhere. where are you going to put it if you're an individual investor in a money market earning zero? treasury bonds earning virtually zero in the short-term? i mean, where, europe? basically it has to go in the market because people have to put their money somewhere to counteract the effects of inflation. liz: there's no inflation. we really haven't seen a lot of inflation. gasoline prices but that's a refinery issue i would think. >> a lot of negative shocks to the economy, caused deflationary shocks, you have japan and other things. inflation hasn't comed yet but -- hasn't come yet, but it will. so you think by the end of next year, interest rates are going to start going higher. six months before that, the stocks that will benefit from interest rates going higher will start to rally. liz: okay, that's the when. now the how. how do you sta

charlie gasparino has the latest on a story that he broke first.is next for billionaire steve cohen? stay tuned. ♪ friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. cheryl: sac capital is settling insider trading cases for $614 million. sec says the hedge fund's ceo steve cohen is not being charged, but charlie gasparino first reported in january the sec was telling investors they believed steve cohen was going to be okay and to keep their money with sac. what are they doing now? >> we also reported that they were, essentially, going to pay a big fine, that's what they indicated to investors. we'll get to some of the specifics, but what's kind of interesting about sac is how much misdirection they give to reporters. i mean, i tell this to everybody, sometimes i give seminars to pr people who ask me how do we do our job, you don't

charlie gasparino on who is winning. he's burning up the blackberry as he heads to the studio with all the latest developments, as he passes the big photographs of all of the talent here. liz: six years ago people weren't even talking about these things, but it is official, the dreaded dark pools as they are known are now beating the new york stock exchange in the war over trading volume. charlie gasparino has the exclusive details. first explain to people what that means. >> a dark pool is essentially an exchange -- i think it was passed back in 05, 04, sec rule says that, you know, you can trade -- you don't have to send your orders your trading orders like merrill lynch doesn't have to sell all its buys and sells to the new york stock exchange, where you can match, where you did in the past, now you can send it to other places. those other places nobody really knows. they don't publish prices. they are known as dark pools. they are nontransparent. that's what's going on now. for the first time we are getting this from

charlie gasparino is with us now.l, smart money apparently is not filing for bankruptcy. >> there is a cyprus connection. about $20 billion is going to be hitting this. at the lehman brothers is going to be paying off its creditors. there is a lot of money going to traders that specialize in where they are putting the money. doing a lot of reporting on this, one municipal bond. west virginia tobacco bonds, these are bonds that are payment on maturity. now, again you can buy them at significantly below par to make some decent money just throwing some ideas other. connell: this is one that is gaining in popularity? >> yes, smart money looking at municipal bonds. there are bankruptcies in california. not a large number, but there are. >> isn't as bad as we can? >> i think that wayne rogers was on earlier and he represents a view like meredith whitney that there is doomsday coming. i do not agree with that. other pockets of this? yes. >> these are still pretty safe. i'm telling you, these are the least state of communitie

charlie gasparino. melissa: as we do ever 15 minutes, and check the markets. the new york stock exchange. you're watching major movers. >> yes indeed i am. blackberry. don't call it research in motion. that is old news. it continues to gain throughout the day. tomorrow is the finally the day you can order the new z10, the blackberry z ten everybody was eagerly awaiting the products. you can go in the store on march 22nd and make the purchase. what is announced on january 30th is finally coming to fruition and get in there to buy this thing. everybody waited a year and a half for this one at least. obviously big news for blackberry. as a result we're seeing the stock get an incredible pop on this launch news. >>> dick's sporting goods, this is different picture. down arrows, under incredible pressure for dick's sporting goods. they came with profits completely under analyst estimates. they misjudged cold winter weather. that was mild and didn't make sales they anticipated. the stock is down over $5. as i noted a 10% drop much back to you. lori: don't count out

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charlie gasparino, there are some people on the floor who believe something came out last week at theshareholder meeting. people read it, extraordinarily positive, but charlie says you have to pick through the lines and realize i'm charlie's perspective buffet may be on a bit of a downtrend. we are about 27 minutes before the closing bell rings on a historic day. stay tuned. ♪ [ female announcer ] from tracking the bus. ♪ to tracking field conditions. ♪ wireless is limitless. ♪ investor. yeah, ibut i'm a busy guy.or it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying. i want to use the same stuff the big guys use. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ female announcer ] from more efficient payments. ♪ to more efficient pi

now we need to get to charlie gasparino and goldman.terday the story was that they have a so-called emergency plan, it's got forbid, blank find leaves are passes on. >> i don't even want to say it. emergency replacement, as you know from yesterday's story. liz: that have anything in front of me. >> it would be, as you know, your buddy. a couple of weeks ago. liz: said he said he wanted it. he said he would be happy. he loves goldman. >> after i did that story and calls from former executives, people that are close to the firm and know exactly what is going on. and the internal politics of succession is just a little more dicey. another key guy, he steps in. but their is a long return -- their is a battle of a long-term succession. and it does involve the president and, from what i understand, the sky, nj eight michael evans, a former head some the "global growth markets. at that means he runs everything but the trading pits. this guy is a top investment banker, a formidable presence. and from what i understand, you can take some credit

adam: charlie gasparino will have exclusive details on the battle for dell.a vial of a deadly virus gone missing? how does this happen? the shocking vulnerability of america's bioterror labs that. is ahead. adam: also a look at 10 and 30-year treasurys. >> i'm dennis kneale with your fox business brief. durable goods orders surged up almost 6% in february, far better than expected and a rebound from the almost 5% plunge in orders the month before. durable goods include cars, dish walkers and other products built to last three years or more. >>> the federal reserve is pressing citigroup to improve its anti-money laundering controls demanding citi submit a plan to improve companiwide oversight. the federal order expands on similar orders given to individual citigroup units last year. citigroup said it made substantial progress in strengthing compliance. >> ipo fund-raising jumping 50% this year. new stock issues raised $23 billion so far up from $15 billion in the same period last year. says dealogic the data firm. that is the latest from fox biz, giving you th

liz: charlie gasparino came up with the new name for you. the money -- are you afraid to say it?o flattering. the extra money is what he calls you. nicole: very nice. we know where money honey came from. liz: super, there you go. >> going in front of the sensitivity committee in five minutes. liz: he is touchy, not sensitive. go with me, it has been quite a day for the dow, record highs on the s&p 500 and retail investors starting to wake up and get food, a little late. some hedge funds are not buying into a. should you be concerned about that? we are supposed to worry about hedge funds. >> concerned whether dan loeb and steve cohen are not making money, i am. i think the market is going much higher. that is my opinion. when you weigh the evidence unemployment is good but not great. that is one of the problems. long-term unemployment is pretty high, 14%, that is something but what is good about it is is showing modest improvement in unemployment, modest gdp improvement, that means the fed is not getting lower interest rates so i think the market, and who knows? hedge funds are th

my buddy charlie gasparino said we could be looking up, compared to the rest of the world we look pretty good. we're like the tallest midgeet in the room, but that mattered in wizard of oz. >> assets will go, bob said it, to the safest place,. neil: are we that place? >> we're one of them u.s. treasury pone bond is one of the sive havens, and u.s. dollar is, our day of reckoning. neil: but what if it our barges that are deemed exposed to this. >> yeah. neil: i'm talking to other countries? >> we could have issues with that, one of the things -- and this still has to play out. we're talking about muddling flew. i don't think that italy will go right into default off the bat. but i have family in italy, that is the moter of welfare states, i don't think they had positive growth in terms of their economy. neil: they are most vulnerable after? >> i would think they and spain. neil: how could we resist what is going to there? >> what do you mean resist. neil: i all is falling apart, i can understand coming here because we look safer bet. >> we can keep borrowing, the u.s. becomes by default b

charlie gasparino, good story. >> reporter: okay. i liked it very much. >> reporter: wall street with pornography. san fernando valley. cheryl: whether you agree with it, you know, morally or not, the industry itself is an incredible moneymaker, and that is why -- [inaudible conversations] >> reporter: this guy, fabian's, like larry flynt. he's like the king of porn right now. cheryl: yeah. we'll talk about claman when he gets back. >> reporter: she's got to interview fabian now. cheryl: she will, probably. closing bell's going to ring, we've got 37 minute toss go. more than four million options contracts were traded in 2011 and 2012 making it the best two-year performance ever. but can the launch of mini options bring even more max return? steve crutchfield, options ceo, going to be here. he'll talk about it next. ♪ all stations come over to mission a for a final go. this is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative

charlie gasparino on buffett's investing performance that is coming up next. what is going on in the bond market? are they selling treasurys today? they sure are. 10-year up a little bit at 1.90%. we're back after this. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. >> i'm dennis kneale with our fox business brief. it's a big day for the markets with the blue-chips hitting an all-time high and blowing past it. the dow is up 149 at 14,277. bailed out and government owned fannie mae and freddie mac teaming up in a joint company venture for overseeing home loans, the first step towards shrinking the government's role in mortgage finance. the new company would merge fannie and freddie's bond units and would be a separate entity spun off from those two. >>> same day delivery failing to lure online shoppers. a survey from boston consulting group

i agree with charlie gasparino. >> you agree for totally different reasons. >> correct. this is about making a national priority. making a decision. we have decided we want to pay for this. >> i dare you, that nobody understands how hard they are going to get hit and how the quality of their healthcare will be affected. >> don't blame the president for that. he ran it on the first time. he ran on it the second time. >> no, you are saying -- >> nobody knew what was in the bill. nobody knew. >> knows knows. >> the average american didn't understand it. >> they don't understand long term implications how it will alter it. >> and 35% of families making under $250,000 that was promise and line drawn in the sand. anyone making less than that thought they were immune from the issues. >> any rational person thought didn't think they were going to get hit. he didn't say he was going to raise the payroll tax. >> ben, on that note then, listen a lot of people are getting hit from this. you talked about the fact that taxes have to go up but a lot of people that may have voted for th

charlie gasparino joining us on the phone with some late breaking news on this. charlie?rter: well, we should point out this is pretty close to the c suite as you get, this is a vice chairman. as we were first to report that gary cominsky was in late stage talks with morgan stanley, our report essentially forced affirm to basically speed up the hiring, it has hired gary cominsky, worked for newberg and berman for years, cnbc until, i guess, today as their capital markets editor. he is now going back to wall street to be vice chairman of morgan stanley's brokerage department. what's interesting about this job, liz, is that, you know, morgan stanley has a strategy. the strategy is to be the main part of the firm, the driver of earnings. and this is why it is a big story. i mean, gary is the guy that's going to have to take 'em there. he's the guy that's supposed to coordinate with the various brokerage division with the various parts of the firm. for example, make sure when a broker who handles a high net worth individual, which a lot of the brokers at morgan stanley do, wh

to ben stein and charles payne and charlie gasparino. >> the imf are arrogant. they have done more harm to third worlds than you can imagine. what did they become in charge of the environment. what the heck is going on. they want to tax a trillion dollar tax to save the environment. it's regressive and stupid. to your point, hey, that might be a bad idea. >> neil: you don't think it's a good idea? >> put me down in the no column. [ laughter ] >> what do you expect out of the imf. sort of local bureaucrats we have in this country are sort of imported ones from europe. had they are 25 times more liberal and most of these environmental bureaucrats whether people work or not. they have a straight line view about saving the environment and they don't care what economic damage that causes. can you imagine if this actually happened. this is like, a regressive tax. it hurts poor people which they don't care about. it really is a sick disgusting state of affairs. >> politicians and give them all credit right or left in this country knows it is regressive and one tax incr

when we come back, charlie gasparino coming down with more on this arrest this morning from park avenueclank. one of the sec capital employees arrested early this morning. there is the video. he has been working the phones of the story. there is more to come. stay tuned. he is coming right down right now. ♪ look, if you have copd like me, you know it can be hard to breathe, and how that feels. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copd flare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. discuss all medicines you take, even eye drops.iriva. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other

to charles payne, dagen mcdowell and charlie gasparino. >> at this point you would think they would start to change their tactics. inflatable racks. >> i love it. >> i find them funny too but realistically it's proven communities where there is fewer and less presence of unions are doing better. you see what happens to the other industries. they have to figure out their dynamic. i have to tell you they will probably have to take a step back to tell the regular people out there, we are not in it for ourselves, that message doesn't get across anymore? >> this is evidence of unions on the run. in michigan, a huge move that state is birth of unions in this country is now a right to work state. what you see, you are starting to see down and dirty tactics. a lot of unions in that state are doing end run around the law by putting in place like wayne state university mandatory dues must be paid by these unions for periods of years, eight years. you are seeing it all over the state. >> neil: before things get worse. >> a sign desperation? >> i've been to strikes my dad was union guy. i think these

gasparino is on this, too. eerie calm gripping manhattan, sure. maybe it looks that way.ok at the rest of the country. charlie is curious about this relative calm. >> i don't believe it. >> neil: i don't believe it either. take a look outside our offices. an eerie calm before the storm, no doubt. the sequestration storm that's about to grip washington. so, while we might be looking at what appears to be business as usual this week, keep in mind that the snow storm gripping the country. it never would have happened if not for sequestration.

charlie gasparino has the latest next. a look at the 10-year and 30-year treasury as we head out to break here. we look at a dow up 51 points. yield on the ten year rising one basis point, over 2% now and the yield on the third year rising as well. we'll be right back is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, 'll find se good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. it's just common sense. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank

charlie gasparino is here with where the street is placing its bets. good research in motion and hello blackberry. the new quarterly earnings are surprising the street. melissa: take a look at the 10-year and 30-year as we head out to break. the yield on the 10-year steady today, after a big move yesterday on cyprus. but today holding steady. 30-year up slightly. we'll be right back. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef bere opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find se good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >> i'm dennis kneale with your fox business brief. united airlines ceo is crediting the airline mergers for making airlines profitable. speaking at an aviation conferen

charlie gasparino is next.sa: he scammed investors out of more than $216 million but bidders can get a piece of russell wasendorf's empire. we're live live at action straight ahead. lori: showing you where interest rates are at. big look into u.s. government debt. 1.89% yield. similar story for the 30-year. off seven basis points, yielding 3.11%. we're back after this. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightfoard guidance and be ae to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> good afternoon, i'm sandra smith with your fox business brief. the world's largest money manager bl

charlie gasparino. lori: let's get you updated on the markets.ant day to start the week aft. a lot of news overseas royal roiling things. nicole petallides on the new york stock exchange, manning her posts. a few stocks are getting upgrades. >> we're taking a look at a few names on the move including hewlett-packard, united technologies and verizon as well. united technologies as you can see is flat at the moment. we're sitting obviously three names in particular. morgan stanley talked postively about hewlett-packard this morning. raised it to overweight from equal weight. had a price target of 27 bucks. did so on the cash generation. that is the recent emphasis. obviously liking that. citigroup was hot on united technologies and raised that to a buy rating from a neutral. and saying that, it is well-positioned for growth stages. momentum is up across the board across the firm's businesses. another move that citigroup made is today on verizon. listed verizon to a buy from a neutral. we shouldn't leave out verizon shares are hitting a 52-week high

charlie gasparino has exclusive goofy news walking down the hallway. i wonder if he missed me.went out and asked people a simple question: how old is the oldest person you've known? we ga people a sticker and had them show us. we learned a lot of us ve known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ you are gonna need a wingman. d my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. dennis: i'm dennis kneale kneale with your fox business rates. cyprus has a country rattling wall street. traders were the drastic move to the bailout might read them in stock down for much of the day after hitting new record highs earlier today. the senate banking committee chairman reportedly won't run for reelection nex

fox business senior correspondent charlie gasparino with the story. >> we should point out a lot hasn the time meredith whitney, once famous banking analyst who became infamous bonn analyst said in 2010, she wanted to hire 600 analysts, pay them $250,000 a year. big, big bucks for analyst to do a ratings agency that essentially competes with moody's and s&p. what happens instead her disasterous muni call. this is what we know right now, sources tell the fox business network meredith whitney is no longer considering opening a ratings agency. these are people close to whitney pointing out. she has not returned my call for comment and last two years since i have been reporting on her muni call. one way to check it is with the sec in order to become a nationally recognized rating agency you have to make an application to the securities & exchange commission. she has not done that this is three years after she made that statement, i believe it was to "the financial times" first, she said she was going to do with. what we're hear essentially meredith whitney advisors is not going this way.

charlie gasparino has the latest developments. ♪ ♪ [ female announcer ] from tracking the bus. ♪ to tracking wireless is limitless. [ female announcer ] from more efficient payments. ♪ to more efficient pick-ups. ♪ wiress is limitless. liz: so that tori is a stock swindler might make a lot of money from the upcoming movie which chronicles his white-collar crime, but will he be able to keep any of it, charlie quest mark charlie? charlie: these were shell companies. a couple of them were real. maybe the only one, maybe one other. they were tori is for pump and dump. paying money allegedly to be one of those insiders, and the insiders would sell at a high price and the stock would fall to zero where average people were holding it. that whole thing was developed in abstract. in 1998 he was convicted of stock fraud, sentenced to 42 months in jail and forced to pay restitution now of $110 million. liz: does he have it? >> the question is since 98 has he been able to work that off? this will be a huge movie. leonardo dicaprio, martin scorsese. i can't imagine he is getting 100 million from this mov

charlie gasparino is here. >> this movie is directed by martin scorsese. leonardo dicaprio is playing lead role of jordan bell for the. he ran a company called the company, and i was covering the company at "the wall street journal." steve madden, the shoe guy was involved at one point. he has a small role in this film. here is the interesting thing, belforte wrote a book called, the wolf of wall street. i heard it sold fairly well. he optioned the book to scorsese to produce and direct the movie. the question is, does he get to keep any of that money or any of the, any of the money that the movie makes? you get something like 5% of royalties after you're paid out, after, say he gets $500,000 up front. he gets 5% of the royalties. here is basically whether i what we know. i want to emphasize to the audience. this story is kind of fluid i really have to get the justice department to walk me through some of the numbers. i went into their database. this is what i found. he owes restitution to the victims of the stratton and people essentially cold called and

ashley: great stuff, charlie gasparino. >> follow that line of reasoning. makes for a great book. tracy: will make a great book. good stuff. we have to go back to the floor of the new york stock exchange. nicole petallides is down there. dow is trying to come back a little bit. >> that's right. we're seeing the vix, the fear index remains to the upside. we have a very strong dollar. the dow is up off the lows. we want to look a couple movers. looking first at mcgraw-hill, purchasing $500 million worth of shares. some of the $1.9 billion from the education business. the shares are down 12% year-to-date. you can see up 3.5. we're watching smithfield foods. smithfield foods have hired goldman sachs in order to weigh some strategic options including breaking up the company. this is according to reuters. smithfield foods up on this news, up about 3% on the day. back to you. tracy: thanks, nicole. we'll see you at the top of the hour. ashley: march madness is in full swing and cbs and turner scooping up millions of eyeballs tuning into the turn any but now there

dagen: blake gasparino joining us now with the story on the phone. charlie: i wish i could be with you to do this. this guy is a very prominent guy. morgan stanley is in advanced talks to make the senior members of the executive teams. morgan stanley has the largest brokerage on wall street. a key thing for the strategy is to promote that brokerage department. make it a bigger preference out morgan stanley. he will be the guy that coordinates the effort between the various departments inside. that is pretty important. morgan stanley brokers deal with a lot of high individual people. they send those deals to other firms. they keep profits internally and boost that share price. this is not a commlete done deal. they have been in negotiations for the last six weeks. the guy who heads the wealth management department is likely to offer this, officially, later on today and he would be named sometime tomorrow morning unless, of course, they speed everything up because of our reporting which is a possibility. that is where we are right now. a fascinating st

ashley: fully close charlie gasparino. thank you. lori: from one crisis to the next, the sequestration set to hit less than one month from today in the government runs out of money. the inability to reach a deal. the next battle ahead. ashley: also, take a look at metals. we know that the dollar is strong. gold also losing ground today. silver slightly higher. copper moving slightly lower. manufacturing numbers in china and europe did not help. we will be right back. ♪ ♪ ashley: automatic spending cuts kicking in by the end of the day. time for congress to stop fighting their next battle or else the government will basically run out of money on march 27. rich edson is live in d.c. with the latest. >> reporter: info a different budget pieces moving in congress right now. the most pressing is funding the federal government beyond march 22nd when a large chunk of federal spending authority expires. already a movement to avoid it. the house will pass a bill next week to fund the federal government for the rest of the fiscal year. republi

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neil: but our situation is not as nearly as dire although charlie gasparino said rear the tallest midget is that enough for now? i think the u.s. is the main beneficiary of the implosion which this is not just a couple of days in the making i talk about the stock market as a leading indicator the stock market was down 90% over the years preceded. if you look at stocks we have the u.s. dollar at the multi month high and u.s. stock market not far from the all-time high but bankamerica, a jpmorgan will do very well and made beneficiaries. neil: when i see england take the insurance fund out out, and i hear an italian depositors worry, obviously they are trying to prepare for contagion they hope never happens but they take measures to cover than if it does. are you worried this widespread? >> yes. i am not overly worried because of how small cyprus is and it was written the fact they bought a lot of bad bonds from greece but i am worried about the solutions, the remedies that i -- that depositors have to write down deposits but i think them metastasis elsewhere would be disastrous. neil: is

as charlie gasparino first reported, morgan stanley added a new executive to its management team.n morgan stanley wealth management as vice chairman in april. currently with capital market. and federal employees now on the hook for three and a half billion dollars in unpaid taxes in 2011. that is according to a report from the irs. nearly 3% jump from the year before. the most out of all federal departments and agencies. that is the latest from the fox business network, giving you the power to prosper. ♪ ♪ liz: the convenience of ordering food from home. just your favorite restaurant just that a lot easier thanks to modern technology. a company that enables customers to order food right from their computer, smart found a more tablet. a company does not a lot of success. they expect $100 million in orders this year. david: joining me now, ceo, jonathan. great to see you. >> thanks for coming in. appreciated. the 100 million is the money that travels through your organization. you take a cut of that for your services. what percent of that hundred million do you get? how you put that

charlie gasparino, has the latest.y a matter of time they do a movie on your life. >> which half of wall street would say it is criminal. here is what we did. last time i came on here, he was the guy that ran stratenoakmont, probably most notorious penny stock operator ever. as part of the sentence, came down in 2003. he spent 22 months in jail. he owed $110 million as part of victim restitution. i surprised at the time because i didn't speak to his lawyer, he wouldn't keep any money from the movie scorsese about his life. it came from the world of wall street which chronicled his life of crime and drug abuse. i was wrong. further reporting yesterday, and, i spoke with mr. bell for the's lawyer. bell fort. government can't take it all according to his lawyer despite the fact he has $110 million restitution. what we know that belfort's lawyers and prosecutors from the eastern district, u.s. attorney's office from the eastern district where he was prosecuted, remember strat10:00 month was a long island based form, easter

charlie gasparino up next on which wall street firm is trying to lure the former treasury secretary.dam: college seniors counting the months until graduation but will there jobs for them once they're in the working world? a new reading on the number of entry level jobs just ahead. melissa: a look at the treasury as we head out to break. ♪ . the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone but her... no. no! no. ...likes 50% more cash. but i don't give up ea... do you want 50% more cash? s! yes?! ♪ [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase, plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. ♪ what's in your wallet? why? and we've hit the why phase... >> i'm cheryl casone with your fox business brief. twitter is expected to generate one billion dollars in ad revenue in 2014. that is according to research firm e marketer, which forecasts twitter mobile ads will bring in 583 million this year which is double the ad revenue in 2012. tw

charlie gasparino. >>> the government has no problem giving food stamps, you heard about that.crazy to give illegal driver's licenses. now even talk of national medical i.d. cards. why so reluctant to everybody voter id cards? we document the double standards. you decide. shoot. now with the share everything plan from verizon, connect your camera, along with your smartphone and tablet. all your devices connected by one simple plan on the powerful network. record video. connect more. so you can do more. the share everything plan from verizon. add additional devices like the samsung galaxy camera for $5 monthly access. ... ... >>. >> neil: finally whashg is the difference between demanding driver's licenses for people here illegally and people that are here quite legally. if you think it's a good idea that i wills, you would support voter i.d. to make our elections safe. and you shouldn't want them voting, right? just like you don't want an accident victim of an illegal driver not knowing who he is a seeing, right? it's being put to maryland for legal drivers. voter i.d. is being

morgan stanley saying they will move as charlie gasparino has said to acquire the rest of smith barneyrgan chase's ceo jamie dimon is saying essentially that our capital ratios are solid. that the federal reserve had questions with its capital planning processes, not its capital plans. so citigroup now announcing a $1.2 billion common stock buyback. that is going to happen through the first quarter of 2014. i will send it back to you, david. i'm staying on this. a lot of activity right now. david: if you had to focus on any sector to look at tomorrow, when the market opens it would have to be financials. there will be, lord knows what will happen as a result of all these after-hours moves. we'll watch very closely. emac, thank you very much. >>> president obama is back on capitol hill today telling senate republicans, quote, it is our task to find common ground. is any common ground to be found or is the divide continuing to grow? let's ask rich edson in the capitol for the very latest. >> sound positive. doesn't mean it will end up that way after budget discussions. house democrats af

i'm take charlie gasparino's solution to this, unless you're a certain size, we're not going to giveand let the marketplace decide if they'll have money with the banks. charles: another headache for carnival cruise line. affecting the sailing speed of the force, cancellation and stopped at the grand cayman islands and here we are again, carnival cruise lines. >> oh, my goodness, we went from the triumph, to the dream, and now, to the legends. they sound like great names and so dreamy and wonderful, you just want to be there in the sun. maybe not. this is the third time in about two months that carnival is now plagued by yet another problem. so you're talking now about the carnival legend, as you noted, heading back to port in tampa. it will not be making the scheduled caribbean stop. instead, it's going slow poke pace, 14 miles per hour back to port. and they are offering the big rebate of $100 credit, 50% off on your next trip. i mean, they're doing the best they can, obviously, keeping the passengers safe and getting you back, but we know just a few days ago, they had to fly the pa

our own charlie gasparino reporting td bank working to restore account information from some of its customersdeleted them. a total of 1500 customers have been affected. but customers telling fox business the bank informed them their information has been permanently removed. >>> the deleted material includes payment information which was deleted when it was moved to a new system. td will be paying every customer affected $25. >>> consumer credit in january posting its largest monthly increase in five months according to the federal reserve. total consumer credit climbed $16.2 from december. that is the latest from the fox business network, giving you the power to prosper [ wome the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us

charlie gasparino has been all over the story. he is coming up next. mortgage rates edging higher.loan ceo joining nicole petallides and ashley webster coming up. ♪ ♪ right. but the most important feature of all is... the capital one purchase eraser. i can redeem the double miles i earned with my venture card to erase recent travel purchases. d with a few clicks, this mission never happened. uh, what's this button do? [ electricity zaps ] ♪ you requested backup? yes. yes i did. what's in your wallet? governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, an still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro yes, is. go national. go like a pro. it is good friday. the markets are close. fox business open for business. you have big names that made big gains. i will be talking about it.

charlie gasparino has been all over this story for us. charlie: they gave us a news story on good friday. nicole: a man of integrity. what do you think? >> i do not know. he says he wrote an ethical shop. i have gone round and round with sec for years. i always believed that the ultimate target of the investigation, not think he is guilty, but the target of the immigration has been steve cohen. i believe that based on my sources. it is getting closer and closer. everybody thought that matthew martoma actually had a 20 minute phone call with steve cohen before he did a 180. >> people thought that was the weight they would try to nail steve cohen. there are so many different avenues. how does he survive this as a firm? whether they do invite him or get somebody to flip on him. how do they survive as a firm when they are literally taking off yourrtop people? it is almost like the vice president being indicted. we should point out, there is no president, steve cohen runs the company. there is no nominal number two. nicole: what do you see for

if you missed this show yesterday you missed our very own charlie gasparino on the surging growth ofpools, the institutional trading of large blocks much stock done pretty much off the public markets. >> this is the latest data. this is coming from people at the new york stock exchange. they are saying that the big board is now trailing all the dark pools in terms of average daily volume. that occurred in january. tracy: coming up next hour, former sec chair harvey pitt is going to weigh in on that news and whether or not new sec proposals are enough to protect investors. >>> well, woefully unprepared. dennis kneale, is not. ashley: not him. tracy: no. he is here though with the key takeaways from this week-long series on cyber attacks. it hear him laughing. you're not unprepared. den. what is that risk and how we should protect ourselves, that is all next. ashley: look at today's winners and losers on the nasdaq as we head to the break. vertex pharma up nicely. news corp the owner of this fair network, also up. we'll be right back. tracy: that looked like a ride at disney. all right

melissa: charlie gasparino, thank you very much. >> a marathon session in the senate today. melissa: the companies new blackberry hitting store shelves today. >> putting the madness in march madness. pulling off the first major upset of the ncaa tournament. melissa is excited. melissa: i am. >> do we need to tell you who won that game? melissa: no. ♪ how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry and ex points. we like this idea so much that we've applied for a patent. m colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toee company through legalzoom. never really thought i would make money doi

lori: fox business senior correspondent charlie gasparino has some news on jpmorgan chase. charlie joins us now on the telephone. charlie, what's the word? >> well, interesting enough, you know a lot of the investor advocates applauding jpmorgan chief jamie dimon give up role as chairman and keep the chairman job. on people close to dimon, here is what they're telling the fox business network exclusive. sources close to dimon he is preparing for the possible split of that ceo and chairman job at jpmorgan. dimon believes the dual role keeping both together in one place, essentially what he is doing now is best for the company but from what i understand he is not going to overly object if the board says you need to split. the board may be prompted by these investor advocates like new york city comptroller john lu. if that happens, we'll know this, there will be going on this debate through the year, what you will see a guy lee raymond, former exxon ceo, a board member, considered the top board member at jpmorgan he would be the chairman if the role is split. point out this is

business, giving you the power to prosper lori: according to fox buuiness senior correspondent charlie gasparinot network business taking a major hit since the government crackdown on insider trading with many questioning its survival. charlie's here now with the latest on this developing story. >> you can quest your survival i guess. lori: i just do what they put in front of me today. >> one thing yesterday on the jamie dimon thing. melissa: yeah. >> this is the dividing of the chairman and ceo job. just to make it clear. i'm not saying dimon wants to do this. melissa: no. >> advocates this. he doesn't but it may be forced upon him. i think what you're seeing inside jpmorgan is a realization that they might have to give on this. at least that's what i'm getting from fairly senior people, this is something that they might have to give, because, the opposition to starting to build, not just, usual unions but public pension funds. significant players calling for this. they have a guy that could do the chairman job, do the heavy lifting, lee raymond, former exxon boss. melissa: we had dick bove tal