cate caugiran, kpix 5. -- kate kelly, kpix 5. ,,,,,,,,,,,,,,,,,, championship games? one houston furniture store >>> so did you predict the winners of last sunday's nfl championship games? there are some people who did. >> one houston furniture store promised to pay customers big money if they guessed the winners and now it's time to pay up. customers who spent at least $5,000 on furniture and correctly guessed the two teams headed to the super bowl will get their money back. mattress max is 80% of his customers guess right. he is now on the hook for $600,000 in free -- >> it needs help. both favorites won, how easy is that? >> and they're now going out of business. >> you thought the patriots were going to win. >> well, yeah. >> i'm foolish that way. captions by: caption colorado comments@captioncolorado.com [ seagulls calling ] >> quinnit: how'oing, charlie? >> charlie: just keeping an eye on things. >> quinn: mm-hmm. >> charlie: new, uh, new shipment of gemstones. >> quinn: the forresters want you on duty. they picked the right man for the job. they did, charlie. >

kate kelly has the story of an east bay grandmother whose assistance to vets has spanned decades. >> reporter: it's a commute that sally trautwein knows well. every other saturday for 20 years, she has made the 45- minute drive from her home in livermore to west oakland. >> good morning. >> reporter: her destination, dignity house, transitional housing where veterans help homeless vets get back on their feet. >> i hope you are looking for things. i have lots of stuff today. >> reporter: here these men find a safe home, food and, thanks to sally, some clothing to help them on their way. >> anybody need a shirt? >> reporter: veteran dwayne clinton is going to visit his mother for the first time in years. but she lives in st. louis and it's winter. >> i got this from miss sally. i don't even have a long- sleeved shirt. >> reporter: it's not unusual for residents to arrive here with nothing. >> they are trying to get back on their feet. and they might be going for a job interview or they want to go to church or visit family and they're like everybody else. they want to look nice. who els

kate kelly joins us now with the story. kate?er face. >> this is an interesting one. i'll explain why. >> i bet you do. >> yes. >> when do i ever think it's more? provocative study of women in the hedge fund business just out this morning suggesting they out performed the average hedge fund and the broader market over the multiyear period. look at the figures. first of 2007 and first half of last year, according to the professional services firm rothseen cash, it was up 6% whereas the standard hedge fund was down 1% and s&p up only 4%. the figures for this past year are also interesting. the average woman-run hedge fund was up 10% with the average hedge fund up 6% and the s&p, of course, up about 27%. that's through the end of november. the headline is certainly encouraging for women in the business but the time frame is odd. 6 1/2-year per you was used in order to fold in as much data as possible. i was told we bun of the study's authors. but it encompasses 2008, a year in which the s&p was down 37%. that drags down the market p

kate kelly brings us the story of this weeks jefferson award winner. >> i was heart broken. >> reporterolleen is talking about the first time she came to a willows in the wind meeting. her then 13-year-old son had become out of control and she just sent him to a therapeutic boarding school. she needed support and found it here, among parents who shared similar experiences. >> do you feel like you're the only one going through this, and you feel like you really are totally alone. >> janet reo co-founded willows in the wind almost seven years ago after her daughter needed to be sent away to school. she found there were very few free resources to help parents with teens in crisis. >> it could be flat out behavioral, it could be mental health, bipolar, depression. it could be for many reasons but it alec walls the same thing. you have a child that's in danger and you have to do something. >> what does it mean to have a child that's out of control? >> it's not a replacement for professional help. willows is about parents helping parents, whether it's finding the right program or helping them

. >>> congratulations to all of our jefferson award winners and kate kelly and sharon chin. >>> you were in livermore a lot of people were thanking you or asking you where the rain is. >> busy intersection. where's the rain? we watch channel 5. cool where's the rain. >> please make it rain. >> that is the chorus being echoed throughout the bay area. we need some rainfall what we have tonight is something cool to look at outside. start with the moon look at that beautiful moon it is the tinyest full moon we're going have this year because the moon is 30,000 miles farther from earth than when it's at its closes. it's an ellipse and it's pretty far you may have seen jupiter a bright star to the north of the moon earlier tonight. great shot earlier this evening. moon over the bay bridge. tomorrow morning 45 in oakland. vallejo 41. 40 in san jose. san francisco low 48 degrees chill a way from the water. fairfield and santa rosa 35 degrees. got to talk about football. rain free for the nfc championship game. cloudy yes but plainly dry. 49 degrees kick off temperature. 9ers seahawks up in p sou

. >> and i'm kate kelly.here at the san francisco jazz center where the 2013 jefferson award winners have just received medals for their outstanding contributions to our bay area community. over the next half hour we'll introduce you to some of the 48 remarkable individuals who won bronze medals plus six 2013 winners who won silver medals a designation that means their names are sent on to the national jefferson awards organization for consideration of a national prize. this year we were impressed by young volunteers, teenagers who will already made a difference. rachel bisaillon spend her time at the square peg foundation a horse rescue center in half moon bay but she is not just there to sharpen her skills. she is a volunteer for the adaptive riding program less ons store kids with autism and other developmental challenges. >> kids especially are judged so hard in the outside world that when they come

kate kelly, i feel cold just looking at her. it is warmer, it is "shark tank" tuesday. kevin o'leary joined the gang to talk about the state of small business hiring in america. >> here is my beef because i'm investing through "shark tank" in small businesses. there's 6 million of them in america. they provide pretty well 50% of the jobs. we don't use them as a litmus test. we should. one of the reasons we have anemic growth in pliment issues is that these businesses aren't hiring for a whole host of reasons, and i think it's worth starting to ask them how they feel. >> now, let's speak with one entrepreneur who made it out of the "shark tank" is a $150,000 investment from mark cuban and let's bring in stephen arstall, founder and ceo of tower paddle boards. it's an awesome trend. it's very difficult, especially for an uncoordinated fat guy like myself. what exactly happens after the shark tank. you had a tough presentation. you kind of choked up, with all due respect. what happened when the cameras stopped rolling? >> well, we

award winning journalist kate kelly has the story of an east bay grandmother whose assistance to vetscades. >>> reporter: it's a commute that sally trout wine knows well. every other saturday for 20 years, she has made the 45- minute drive from her home in livermore to west oakland. >> good morning. >> reporter: her destination, dignity house, transitional housing where veterans help homeless vets get back on their feet. >> hope you guys are looking for some things. i have lots of stuff today. >> reporter: here, these men find a safe home, food and thanks to sally, some clothing to help them on their way. >> may need a shirt. >> reporter: veteran duane clinton is going to visit his mother for the first time in years. but she lives in st. louis and it's winter. >> i got this from miss sally. i don't even have a long- sleeved shirt. >> reporter: it's not unusual for residents to arrive here with nothing. >> they are trying to get back on their feet and they might be going for a job interview or they want to go to church or visit family and they are like everybody else. they want to look

kate kelly has a closer look at where some big investors will put the money this year. i know, kate, you've been going around and talking to your contacts in the hedge fund world. what are they telling you? are their strategies? >> it's a surprise after we saw the s&p stock market indicator up nearly 30% last year but people are bullish on stocks i have to say and looking at some specific things, which i can talk about but dividend stocks for example continue to be popular and event driven. mergers and acquisitions that may occur, that may create rise in value. there are focal points but stocks are a favorable area. >> how did they do as a group in 2013? would i have been better off in an index fund? >> good question, tyler. you would and always would be to be honest. if you look at the chart of the s&p 500 versus the average hedge fund, the hedge fund always under performs the market. a defender would say that's the point. you don't want your whole portfolio into the hedge fund. it's a way to kind of diversify your portfolio. but really, unless you're with one of the s

kate kelly joining us now, with some details. >> kelly, thank you so much.ties and train them. tomorrow or within the next 24 hours, they're going to float the possible rules. these would be attempts to level the playing field between banks that have different advantages in terms of holding commodities. goldman and morgan have a bit of an advantage. we're likely to hear about this on wednesday, when the senate banking committee holds a hearing at which a fed official will be testifying no doubt, on this topic. >> so much happening in that space this week. kate, thank you so much. kate kelly at headquarters. >>> charter communications making that $61 billion bid, if you want to call it that for time warner cable. google making an offer for nest. we'll get reaction from our panel, coming next. mine was earned orbiting the moon in 1971. afghanistan, in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usa

. >> sharon chin and kate kelly do such a great job with that every week. >> another guy doing a greatking in the weather department, meteorologist paul deanno. >> reporter: the one comment we are hearing more and more, the drum beat is getting louder, where is the rain fall? where is the rain fall, roberta? i think folks realize we are going to be in a pickle here weatherwise. we love the sunshine, it's california, but we like more with balance. a bit of each. this is where we collect our weather data. this is the only stick in the bay area where we can measure the weather wherever we want. it measures wind, humidity, temperature, and also rain fall, and there's dust on it. it has not rained in a couple of months for this vehicle. that's dust on top of our weather stick right there, and we are not seeing any rain fall for the next several days. what you will see outside tonight, something very cool. the full moon is outside tonight. a couple of things. the minimoon it will be the smallest full moon of the year it hassen elliptical orbit around the earth. it's 30,000 miles away from us

award winning journalist kate kelly brings us the story of this week's jefferson award winner. >>> reporter was heartbroken, heartbroken. >> reporter: colleen is talking about the first time she came to a willows in the wind meeting. her then 13-year-old son had become out of control and she just sent him to a therapeutic boarding school. she needed support and found it here among parents who shared similar experiences. >> you feel like you're the only one going through this and you feel alone. >> reporter: janet co-founded willows in the wind almost 7 years ago after her daughter needed to be sent away to school. she found there were very few free resources to help parents with teens in crisis. >> it could be flat-out behavioral, it could be mental health, bipolar, depression. it could be for many reasons. but it all equals the same thing. you have a child that's in danger and you have to do something. >> what does it mean to have a child that's out of control? >> reporter: it's not a replacement for professional help. it's about parents helping. janet and her all volunteer board have been

kate kelly is live in new york. >> reporter: so we're on a break from jury selection right now at the courthouse behind me, 40 center street. this morning folks gathered in the morning and began filling out questionnaires to kind of weed out people that might not be appropriate for the jury. at 3:00 p.m. today, lawyers for both sides of the case will reconvene to start going through those questionnaires. but the selection process will really begin in earnest tomorrow morning starting at 9:30, i'm told. we're unlikely to see opening arguments in this case until probably midday or afternoon on tuesday at the earliest. meanwhile, matthew martoma and his wife rosemary arriving in court earlier today, looking stoic, looking prepared for this battle. it's a very tough case against him that's been laid out here. he stands accused by the u.s. attorney's office of engaging in the largest set of ill-gotten gains in insider trading history that they know of, $276 million. he's accused of either making or averting in losses in the trading of two pharmaceutical stocks in the summer of 2008. for th

kate kelly is on that story for us. what do you have? >> reporter: i'm standing in front of the court where the jury pool is currently being questioned by the judge. there are about 40, 45 people still in the room at last check and they are going through a number of questions about legal background, any connections or biases against the united states or against sac. a few people have been eliminated but interestingly, the jury pool which i would say is predominantly white and middle aged, contains a woman whose cousin actually was an employee of sac capital at some point. she has not been eliminated, nor has a gentleman who actually runs a debt capital markets unit at a bank. so some interesting perspectives we may find in that jury pool. of course, they have to get it down to 12 plus the alternates. hopefully that will happen sometime today, maybe within the next hour or two, after which we get opening arguments. just a reminder, this case involves insider trading by a fom former sac capital trader. he stands accused of conspiracy to co

joining me, kate kelly and look who made it back from san diego, herb greenberg. got to start off with u.s. steel. the company reporting after the bell today and a lot of people will be watching this simply because ak steel is also reporting after the bell and steel dynamics as well. this is the case of a stock, guys, that has seen a massive run. since the august lows, it's up about 94%. lot of analysts getting more and more positive on the stock as they see operational improvements, ie raw material costs like coal and iron ore going down. the management team is energized, it's new and in place and we are seeing improvements there. the question is has it been factored into this stock which has had this tremendous run so far. >> there was a good story about this in the journal today talking about the competition from china. china almost equally good quality materials at comparable or better prices, plus we are still looking at a loss. it's just a question of how big. >> it's so much cost driven as opposed to top line. if you look at the top line, it's still going -

kate kelly is here with that story. of activism is alive and well in early 2014. >> absolutely. well under way. actually, these activist funds are performing very well. it seems right now at least like companies are fighting these activists with three bs, buy-backs, boosting earnings and boosting dividends. that's the pattern emerging this season with names like dow chemical, sotheby's and juniper, all under pressure from activists calling them to put their cash to work and enhance shareholder returns. take dow chemical. this recently fell under attack by dan lobe, known for his harsh criticisms of perceived mismanagement. this morning they announced better than expected profits, raised its dividend and tripled share buy-back efforts. its ceo declared that as clear evidence of his ability to manage. lobe said in a letter a week ago that dow shares had woefully underperformed. sotheby's said today it would pay a special dividend so there's another example. tech company juniper networks beat earnings just about five days

for more on that let's send it over to kate kelly. sell the physical commodities business, jpmorgan is getting close to a deal. they narrowed the field to just a handful and the group includes the private equity firm blackstone as well as macquarie and castleton commodities. final bids are due next week. depending on whether they want some or all of jpmorgan's business, the price tag zest mated at between 1.5 and $2 billion by people who know the business. assets like power plants and metal warehousing company, again, depending on what the bidder takes, the buyer is likely to take with it jpmorgan commodity's current management team. that includes the headmasters and all in all, carl, this looks like a quick turn around for a deal announced only in july. >> kate, thank you for that. so much to watch this morning. kate kelly bringing a piece of it from headquarters on jpmorgan. >>> jpmorgan shares are up slightly this morning. and wells fargo, they're to the negative after both banks revealed earnings as the other financials prepared t

joining me now around the table sharon epperson and kate kelly, cnbc contributor carol roth. funds and "fast money's" guy adami here to king things off in the "a" block. let's talk about what jumps out to you about the market action today and where this leaves a volatile and choppy trading month. >> what jumped out to me was i thought we'd have follow through this morning. i was convinced yesterday after the close we'd have another down day anywhere from 10 to 15 s&p handles to the downside. earnings to me have been okay. the jpmorgan report i thought was very good. some of these retailers were lousy, and i really thought that we'd start to see the follow through on the downside. today caught me off-guard. i'm not calling it a key reversal. i'm calling it further choppiness in a market i still think heads down towards 1750 at some point in the s&p. >> heather, what do you think? is this a positioning story today? in other words were a lot of people kind of like guy coming into this thinking maybe more of a breakdown and all of a sudden e re-evaluated. >> today was a big day.

kate? >> kelly, thanks so much.imony from a key witness named sidney gilman, who has acknowledged passing nonpublic information on to the defendant in u.s. versus martoma. in cross examination with cros martoma, the defendant's lawyer, said something powerful a few minutes ago. he was being canned asked about his first confrontation with the fbi in 2011. and he said there was a conversation between himself and the fbi about who was a target. and he essentially said, mr. martoma, was only a grain of sand. we're really after a man named steven a. cohen. this is confirming what has beenment suspected that the government, the fbi, was after steven cohen, the founder of s.a.c., not the traders that that work for him that have since been taken to trial. >> made all the more clear, kate. thanks very much. >>> one hot-button issue that's sweeping the web, income inequality. it's going to be a part of the state of the union address next week. carol roth explaining today why income inequality is not a problem. it got the atte

sharon epperson and kate kelly. and "fast money" contributor tim seymour. welcome to all of you.dies. >> yes. lucky man. >> while we wait for at&t and yahoo!, we have a bunch of people standing by to cover it. quick thoughts about the action we're seeing today, sharon? >> one of the things investors are probably really happy about and retail investors and long-term investors is that finally we are seeing this uptick in the market but it doesn't mean it's still not important to consider rebalancing and making sure that you're where you want to be for the first of the year. don't expect the same euphoria we saw at the end of last year. today may be a blip. till be interesting to see what's happening in emerging markets. >> i think sharon is touching on a key issue. people might be exhaling after a very rough couple days and just feeling like some of these emerging market issues we've been seeing might be i had idiosyncratic and a reminder that the emerging markets have that been at issue are a relatively small piece of the global economy. so a relative safety in the u.s. although,

i'm joined by our very own sharon epperson and kate kelly.th and shark tank investor kevin o'leary. "shark tank" is on tonight at 8:00 p.m. eastern. kevin, we're so glad you could join us for this. look, i just want to kick things off with some of the ladies sitting right next to me who can tell me about the energy story in this country, sharon, and how much of an affect, for example, we have natural gas usage at a record high but that's because there's freezing weather. we have the fact the trade deficit just closed significantly. fourth quarter gdp looks like it's going to be great. does it feel like 2014 is the year america becomes a story of self-sustained energy fueled economic revivalism? >> we've already been on this trend, of course, and this is a trend that's likely to continue. you look at the latest report from the energy department today on their short-term outlook, and we're going to continue to see record levels of production of natural gas. we're going to continue to see boom in production of oil as well. this shale production

sharon epperson and kate kelly, carol roth. about wearing blue or green and being a burnett to make it on the set. >> you know what i think is interesting, i have been talking to traders about the possibility of some downside 5% to 10%, maybe 15% in this first quarter, and i feel like there's a little bit more consensus building around that even though from time to time people even on this panel tell me i'm crazy for reflecting that. >> i never recall calling you crazy. guy, do you think she's crazy. >> kate, are you kidding me? she's sharp as a tack. forget the dow. the s&p, the resiliency of the s&p again, it had every opportunity to sort of fail today and it looked for a long time like it was and then the last few hours of the day stages a late rally and closes up 5. to me the continued resiliency in the s&p in what i think is in the wake of or in the face of what is a hodgepodge of earnings is really interesting. >> i notice "the wall street journal" picked up on this goldman sachs report. do you think there's some traction

kate kelly is here with the latest. what a story. >> it really is.y slow going, but they have a panel of 12. interestingly, it's a well-educated, middle-aged mix of both race and gender. among them, an accountant, insurance underwriter and nyu film professor. those jurors will gather tomorrow to hear opening arguments in the case, which is said by prosecutors to be the largest insider trading instance ever in dollar terms. martoma, who's 39, stands accused of three separate counts in the trading of two pharmaceutical stocks during the summer of 2008 when he allegedly received advanced access to nonpublic information about a drug trial that sunk those stocks. his former trader at s.a.c. capital and the doctor who allegedly tipped him off to the trial's results are both expected to take the stand in this case. described as an intelligent and disciplined money manager who had a deep knowledge of those drug stocks that he traded, martoma would not fesly appear to be the classic get-rich-quick type. he's refuse ed to cooperate wit the government. he's goi

kelly, good morning. >> reporter: good morning, kate.ayor. and he started off with a two-hour news conference, the longest i've ever covered from a government official where christie talked about feeling heartbroken and betrayed that once trusted aides are linked to this scandal. he talked about the e-mails and made apologies. >> the language used and the conduct displayed in those e-mails is unacceptable to me. and i will not tolerate it. but the best i can do is when i see stuff like that to end it. what they did hurt the people of new jersey and hurt the people of ft. lee. and the person who needs to apologize for that is me. and i have. >> reporter: governor christie now faces potentially more headaches with upon 1,000 pages of documents being released today at the state capitol with a state assembly committee investigating this. there's also been a class action suit filed naming christie and other government officials because of the traffic snarls last september. again, this all linked to traffic used as punishment for a mayor who h

kate kelly here at post 9.ght now work on house of cards, netflix presented a first time a service other than a broadcast or cable network has won a major television award. the company also announcing it was going to bring back the original series lilahammer for a third season. that big juggernaut of netflix continues to run higher this year in 2014. >> february 14th house of cards, can't wait. thanks so much, dom. take a look at shares of liquor maker beam today. full-on rally mode after being acquired for about $14 billion, that's not including some of the debt. is this good news for the liquor industry? we'll talk about that in a moment. and the bells are about to sound across europe where they've had mostly green arrows today. we'll get that with simon in about three minutes. tdd# 1-800-345-2550 searching for trade ideas that spark your curiosity tdd# 1-800-345-2550 can take you in many directions. tdd# 1-800-345-2550 you read this. watch that. tdd# 1-800-345-2550 you look for what's next. tdd# 1-800-345-25

kelly and michael." today, the lovely and talented kate hudson. mindy project," mindy kaling. ision] announcer: now here are kelly ripa and michael strahan! [cheers and applause] ♪ [cheers and applause]

kay kelly is bundled up outside the courthouse with the details, kate?ding in front of the federal courthouse where a jury selection in the u.s. versus martoma is now under way. started around 10:00 a.m. with a questionnaire to the jurors. we're told, though, that they will probably be sent home after they fill it out. we may not see the sitting jury until tomorrow morning and opening arguments in all likelihood won't be until tomorrow at the earliest. matthew martoma and hils wife rosemary entering court putting on a brave face. the government's insider trading case against martoma is regarded to be so powerful. he stands accused of participating in and being the engineer of the largest set of ill gotten gains in an insider trading case ever $276 million in total and he faces three separate counts one of conspiracy to commit securities fraud and two of securities fraud. the u.s. attorney for the southern district of manhattan quarterbacking this case on the prosecutorial side has a formidable record to beat. so far he's won 78 insider trading cases this