jerome powell, who's served on the board since 20-12, will be re- nominated. the tech company that built the troubled healthcare.gov website-- is out.. the washington post reports the obama administartion is ending its contract wtih c-g-i federal-- the lead contractor of the federal website. according to the paper-- u.s. health officials are expected to sign a $90 million dollar deal with accenture.accenture built californias new online health insurance exchange. the scandal enveloping new jersey governor chris christie could have an economic impact on his state. business insiders have expressed concern that uncertainty and embarassment related to the closing of the george washington bridge in september may have a negative impact at a time when new jersey's economy was showing signs of strength. more millionaires than ever are on capitol hill. more than half of congress have a net worth of a cool million, according to the center for responsive politics. the most ever in history. the research comes as lawmakers debate issues such as unemployment benefits and mi

current fed governor jerome powell is being nominated for a second term.ecurity concerns arising ahead of next month's winter olympics. russia says it is hunting for suspects in the murder of six people in a region near where the games will be held. islamicon suspects militants of staging the killings. is expected to announce a series of changes to u.s. surveillance policies starting next week. phil mattingly joins us now. proposed that a third party hold millions of phone records collected by the nsa. how much is that going to cost? >> this is a big issue, emily, of as you said, it is part 46 proposals by the president's own task force in the wake of the idea is that the nsa should not be holding the data. it should go to a third-party or two from carriers. dianne diane feinstein, chairman of the intelligence committee, said that would cost the phone carriers as much as $60 million a year and open them to an enormous amount of liability. the administration is so kind of going through whether or not they are going to take this recommendation from the task

also, read nominating jerome powell to continue serving on the board of governors of the federal reserve. >> people were expecting these, but now chairman to the yellen has have people in place. good luck. the scandal that could ruin chris christie or help. we will hear both sides of the debate. companies headed out of the cities. we have detailers and a naysayer, coming up. escape from our. earth.pe from the company will be supplying the international space station. look at this thing. ♪ onthis is "lunch money" bloomberg television, streaming live on bloomberg.com, your tablet, and your smart phone. bridgegate, the scandal that made a new jersey governor chris christie apologize. >> i believe that all of the people who were affected by this conduct deserve this apology. that is why i am giving it to them. i also need to apologize to them for my failure as the governor understand the true nature of this problem sooner than i did. see receipt began in september when a massive weeklong traffic jam happened in fort lee, new jersey. this was caused by close access lanes ordered by the port a

personminating the point brainardeasury, lael and jerome powell. h.w. bushe george administration.ill yeahed they janet yellen -- at janet yellen's side. d.c. but staying with the regulatory thing, the trialm -- insider trading of matthew martoma. his attorney argued this will hurt his defense. su keenan has more. the jury will hear that he was kicked out of school for faking grades. >> apparently has. these are devastating details for defense against cheating. lawyers vigorously fought to keep jurors and the public from hearing information in the sealed documents that they claim -- have grossly prejudicial information. at is painting mr. martoma in liar and the eyes of the jury. prosecutors claim he was engaged trading most lucrative scheme ever charged." >> these details were sealed and now they are unsealed. >> absolutely. the document is hundreds of pages from harvard law school panel that recommended he be's -- he be expelled. transcripts with his grades. mistakenly sent them out in his job application, he said. the handle find -- found he had backdated e-mail to show he withd

also, re-nominating jerome powell to continue serving on the board of governors of the federal reserve. >> people were expecting these, but now chairman to the yellen has have people in place. good luck. the scandal that could ruin chris christie or help. we will hear both sides of the debate. companies headed out of the cities. we have detailers and a naysayer, coming up. escape from earth. the company will be supplying the international space station. look at this thing. ♪ >> this is "lunch money" on bloomberg television, streaming live on bloomberg.com, your tablet, and your smart phone. i am adam johnson. bridgegate, the scandal that made a new jersey governor chris christie apologize. >> i believe that all of the people who were affected by this conduct deserve this apology. that is why i am giving it to them. i also need to apologize to them for my failure as the governor of the state to understand the true nature of this problem sooner than i did. >> so they can see receipt began begaincontroversy -- began in september when a massive weeklong traffic jam happened in fort lee, ne

and jerome powell will be fed governor. are moving to mobile devices, tablets, for example and smartphones. in total, manufacturers shipped about 316 million pcs. lenovo is number one worldwide within 18% share, hp second, dell third. boast about when sales are crummy. >> that is true. ignorance is chris, pathetic? i don't know if that is what wall street is saying. as this traffic scandal continued -- continues, some are run inng if he will 2016. they promise to raise money for him. there are many questions about whether the traffic scandal would jeopardize that support. we have breaking news exclusively from one of those big-money men, stan druckenmiller. a fantastic moneyman and philanthropist making an official statement. eric, we need to dig into this. a pretty strong statement just one day after you see -- a pretty strong statement, just one day after seeing sandra camilla coming out and saying that. let's bring in phil mattingly. namess just one of the that is still all in for governor christie's camp. isn't that tru

jerome powell was not needed for a second term as state governor and those nominations will have to be conserved by the senate. ashley: more fall out from target's data breach, a to 17 million customers getting their information stolen, up from the original report of $40 million and it goes beyond credit and debit card numbers. the company says:they also now includes in jeans, e-mail addresses and phone numbers. targets as the hack affected other systems and the points of sales. the company would not provide more specific details to the fox business. target shares falling on the news down 1%. lori: stock alert, remember this one from yesterday? intercept pharmaceuticals another blockbuster day of trading, stock at 90 yesterday's game of 300% with the jump in the biotech company went from being a $1 billion company to having at evaluation of $5 billion. the move comes as the company reported its drug to treat river disease is effective. they are so confident they ended the stubbier league. ashley: intercept pharmaceutical investors not the only ones making money. shocking number of cong

president obama today will nominate stan fisher to be vice chairman of the federal reserve and jerome powellent as fed governor. he was filling a seat whose term expired this month as well as the undersecretary of the treasury for international affairs, so those three nominations to go over to the senate today. stan fisher being probably the most interesting of all the three. he's the former governor of the bank of israel as well as pretty much a renowned monetary policy expert who taught many of today's central bankers, carl? >> yes, indeed. taught almost everybody you could think of. >> ben bernanke, draghi, he's considered the ultimate educator. what stands out to me, steve, actually between fisher and brainard, it's more of an international flavor to the new makeup of the federal reserve. perhaps the fed will may more attention to the impact of its policy on emerging markets and the rest of the world. >> i think that's an excellent point. and i think part of the reason is not only the need to understand more what's happening in the economics or the economies overseas but also in terms of