hank greenberg has sued the u.s.ay be headed to court. hopefully with a cnbc camera in tow. >> we certainly hope so. greenberg's issue for those that have not followed that is that the government rescued aig inappropriately in his words setting terms that he believes damaged shareholders, right. >> yeah. indeed, here is the key thing. ben bernanke basically has acknowledged he had what they call personal knowledge of the bankruptcy, so when the judge here basically a four-page ruling that i scanned over to meet the extraordinary circumstance requirements you have to be deeply personally involved in the decision making and indeed the court in this ruling found that ben bernanke did have personal knowledge into the inner workings of that decision to bail out aig and basically forcibly buying out hank greenberg's stake, so ben bernanke may be getting deposed, guys. sure it will be completely private but this is a big step and a big -- you do not see high ranking government officials, in fact, i challenge anybody to find

the lawsuit filed by the head of aig formally,,hank greenberg. causing aig shareholders to lose tens of millions of dollars. greenberg now wants $25 billion in compensation. french police are searching for an armed robber who pulled off one of the biggest diamond heist in broad daylight. the masked the allegedly held up a jewelry expedition in japan making off with $136 million of tools. the holdup took only a minute despite the fact that three private security guards, two vendors, and the manager were all on hand. it sounded like a hollywood movie plot. it was carried out in the setting for the 1955 alfred hitchcock movie to catch a thief. not to the weekend box office. wolverine top $35 million for fox. but this summer has not been tied to big budget films come especially action films. warner bros. in second place with $22 million and despicable me the sequel is 52 million for universal. president obama concern about complaints that his certain obamacare provisions is unconstitutional. we will talk about it in the "chalk talk" and we will show

government a decision to bailout aig at the height of the crisis, lawsuit filed by former head of aig, hank greenberg claiming that government caused their shareholders to lose thens of billions of -- tens of billions of dollars. he wants at least 25 billion in compensation. lou: french police are searching for an armed robber, masked thief, allegedly held up a jewelry exhibition at a luxury hotel in cannes making off with $ 136 million of jewels, hold up took a minute. despite fact that three private security guard, two vendors and a manager were on hand. it sounds like ey like a hollywe plot, it was carried out in carlton hotel in kan. >> the summer has not been kind to big budget films. >> up next, president obama not concerned about g.o.p. complains, that his delay of 7 obamacare provisions is unconstitutional? in the chalk talk we show you why he perhaps should be. ould keep in mind. unbiased. some brokerage firms are. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- isn't that a conflict? search "proprietary mutual fus." yikes! theno to

government by former aig chief hank greenberg. can you imagine? a judge calls bernanke a central figure in the decision to rescue the insurance giant that was at the heart of the financial crisis. greenberg claims the rights were violated when the government assumed 80% control of aig stock. and the health supplements company and billionaires trying to one up 1 another reporting earnings after the bell. herbalife not doing too bad. one of these investors we will show you needs herbalife to miss investments if you are going to make any money shorting it. different sides of all of this pleading. as shares are moving higher. bill ackman is the guy on paper has been betting against thisco. you can see how the stock is moving up. the real story is it is up 80% year to date. huge move for herbalife. nobody has really made this -@connection yet, but we're goig to. the company at the center of at least one embattled hedge fund questionable trades will no longer be standalone company. a pharmaceutical merging with generic drugmaker, one of three major merg

he thinks defamation suit by hank greenberg will help him. all his foes from the past. langone, grasso, greenberg, you name it. you know what is interesting, guys? if you look at eliot spitzer he put on ae-book. kind of a bizarre e-book, eliot spitzer's words of wisdom. it is hard, listen i buried the hatchet with elliot. i didn't read the book but i did, one part i did read how he made a big thing out of, the case against dick grasso. former new york stock exchange chairman. made enormous amount of money. spitzer at new york attorney general at the time sued grasso, under obscure state law, non-profits, new york stock exchange was a club, it was technically a non-profit, paid all its taxes could come under the law and could get a portion or money for grasso and give it back to the stock exchange. lori: it was a blow -- >> why waist taxpayer mon? dennis: why was it his business. it was publicly held company. >> it was worse than that. it wasn't publicly held. it was a club of rich people. let them sue him. why waste taxpayer money. ultimately

bernanke should give a deposition in the lawsuit being brought against the government by former ceo hank greenberg over the rescue of the company, aig. bernanke was one of the central decisionmakers in the huge bailout of the firm. liz: sec resting its case in the fraud trial against ex-goldman sachs trader fabrice tourre. in a move the defense team didn't call any witnesses. closing statements will begin tooorrow. "after the bell" starts right now. david: let us get right to today's action. david cued low, breaks down why so-called barbell strategy helps you profit in uncertain environment. gerald levy, in the pits of the cme. jarrod, let's talk about the earnings season in general. we have had two earnings seasons since the year began. what do you think about the financials, their effect? some people think the financials are so big, reporting such big numbers members, partly because of fed is doing that they're skewing the overall, what say you? >> there are a couple of different opinions. i'm on that side of the coin, that the financials are looking better than they should. here is something to

the suit brought by hank greenberg against the government even though the firm would have gone bankruptut the government's help greenberg says it sank the value of stock for shareholders like him. aig considered joining the lawsuit but backed out after public backlash. and big story yesterday, the fast food workers in cities across the country walking off the job. they say minimum wage of $7.25 an hour not livable asking for 15 bucks an hour. >> i have a second job and try to catch up on bills and this is -- living in new york city is so expensive you have to think about transportation, high taxes, food, everything is just so expensive here. >> so, of course, it's, you know, expensive in new york city but this is happening across the country and heard that a lot across the country, st. louis and elsewhere. pictures from st. louis, taking two jobs to get by. we asked mcdonald's and burger king about their wages and they said it's a great start in the workforce with many opportunities to move up. this isn't a start for them. this is their reality. two jobs making 18 grand a year and can't

chairman ben bernanke can be deposed in a lawsuit filed by american international group's former ceo hank greenberg. greenberg is suing the u.s. government over the terms of the 2008 bailout. he argues that the government was unfair to shareholders, like him, who held stock in the company at the time of the bailout. judge thomas wheeler of the u.s. court of federal claims rejected the government's effort to keep bernanke from being deposed saying the fed chairman was, quote, a central figure in the decision to bail out aig. >>> meantime, about a fifth of the companies in the s&p 500 report their quarterly results in the coming week, and it's an especially big week for energy companies. most critically, big oil. year to date chevron is up about 16%. conoco phillips up about 12% and exxon mobile up 8%. jackie deangelis is at the nymex, and she has more. hi, jackie. >> reporter: hi, good afternoon, tyler. it's interesting when you look at the s&p 500 large-cap sectors energy up 15% year to date so in line with the figures that you mentioned. not the best performer, not the worst perrer but kind of mid

. >> hank greenberg and dick grosso second that.d good luck with the gook. shazam that we talked about earlier, with dennis and cheryl in the next hour of "markets now," the ceo of the music service, the world's second richest man writing a big check to fund it. dagen: latest investigation into the asiana aircraft crash. an air space analyst who says it could have long term business everyone cations for all the south korean airlines. ♪ [ children shouting, laughing ] [ male announcer ] this could be the summer she jumps into the deep end... ...he gets on that roller coaster... and you finally take that long weekend. it could also be the summer you get your identity stolen. last year, 12.6 million identities were stolen. that's why you need the proactive protecon of lifelock. if you're planning a summer vacation, you'd better include plans to protect your identity. because while you're busy having fun and not thinking about identity theft, you become an easy target. [ male announcer ] every time you buy a plane ticket, pay for dinner

the lawsuit was filed by former aig chief, hank greenberg.ix-year high in may, pending home sales fell more than expected in june, a sign rising mortgage rates put a damper on sales, but compared to same time last year, contracts were up nearly 11%. international is buying full control of the venture from pcg industries for 1.3 billion in cash. the purchase of the 51% stake in the partnership will add to the earnings the first year the transition's integrated. that's the latest from the fox business network, giving you the power to prosper. ♪ a quarter million tweeters musicare tweeting.eamed. and 900 million dollars are changing hands online. that's why the interneneeds a new kind of server. one that's 80% smaller. uses 89% less energy. and costs 77% less. it called hp moonshot. and it's giving the internet the room it needs to grow. this ...is going to be big. it's time to build a better enterprise. together. connell: wasting namp rail gas to the tune of $100 million a month. the new report reveals that about north dakota oil drillers. that

saying former ceo hank greenbe greenberg's wrong when he says the county would have been just fine ifad just gone der. >> i go back to the crisis and most things i agree with about, most things we see eye to eye on. after i decided to take this j job, he was comfortable with what i was going to do. a tremendous amount of insight. he believes aig could have failed and not too big to fail. i believe he is absolutely wrong. the fact is the road was in crisis. aig, if it was allowed to use bankruptcy to shield itself during this crisis may have been better for shareholders at that time. they havbeen better to accept it. he doesn't see that. he doesn't realize if aig went under, and he above anyone else understands how big aig is, it is huge at that time, it is still huge and it touched everything. the regulators from every country, every state would begin to seize the property and you would have chaos and never putting together again. you would have no financial system, we don't know, but it doesn't justify h minds the weight of the property, but the board at the time agreed, and you n sa

whether hank greenberg and his powerful people in new york who feel that the way he conducted himself on the job was inappropriate. you're going to have two areas where eliot will have to, contend with his adversaries. >> he picked a race that should be about as easy a race as there's going to be. one candidate, not a particularly strong candidate or well-known candidate. he will have that offsetting everything richard said. >>> let's move on to other news. teresa heinz kerry wife of secretary of state john kerry was admitted to the hospital yesterday for an unspecified medical condition. heinz kerry who is 74 is listed in critical but stable condition. we'll be following that. and now to egypt where thousands of demonstrators are preparing for another day of protests, as the fate of egypt's government remains uncertain. supporters of ousted president mohamed morsi are calling for him to be reinstated and they're finding themselves at the center of violent clashes with the egyptian army. according to the country's ministry of health, more than 40 people were killed and at least 300 in