kayla tausche has that story and more. good evening, kayla. >> good evening to you, larry.st up, rick snyder may soon turn the city over to an emergency manager. that manager could run the finances and try to find ways to save money, also the one to decide whether to take detroit into municipal bankruptcy. >>> and jesse jackson jr. is likely headed to prison. he pleaded guilty to misusing $750,000 of campaign funds. he bought himself a $43,000 rollex, as well as bruce lee and michael jackson memorabilia. he'll be sentenced in a few weeks and could face five years in prison. >>> listen to this, from the ceo of titan, a french official sent a letter to maurice taylor to see if he'd be interested in taking over the french tire factory. gets paid high wages but works only three hours, one hour for breaks and lunch, talk for three, and work for three. taylor says titan will buy a factory in india and china and pay the workers a lot less. nice work if you can get it. >> nice work if you can get it. have you ever heard of anything as ridiculous as what kayla just not made up, repo

with us right now, kayla who is six months pregnant, her husband, kayla's mother and her sister triciado i have you, can you hear us? >> yes, we can hear you. >> you're six months pregnant, how are you doing? >> under the circumstances, we're doing pretty good. the baby's moving a lot. so i'm happy about that. we're both happy about that. >> do you know what the baby is yet? a little boy or girl? >> no, we don't know. we'll find out in march. >> one of life's great surprises. you're living through a surprise you didn't want to say the least. you say the night of the fire was extraordinarily terrifying, take us through it. what happened? >> it was absolutely the most terrifying experience i've ever gone through, that we've all ever gone through. about 5:30 the captain came over the intercom system over the entire ship and he called for the outfit for engine room six. we didn't know what that meant. about a minute later the cruise director came over and told us to stay away from the stairwell. we wanted to know what was going on. we went to the room to grab our things in case we needed t

kayla told us the grond olopry called us out of the blue after seeing her story on our broadcast.two songs at the opry, one of them coal miner's daughter. >>> 48 hours from hollywood's biggest night. we have a prediction for some of the winners. scientists at georgia tech studying more than 200 acceptance speeches. here's what they confirm. remember cuba gooding jr's cube rant dance? indeed the numbers show men are more likely to wave their statues in the air. and remember gwyneth. >> i would not have been able to play this role had i not understood love of a tremendous magnitude and for that i thank my family. >> and as halle berry shows, women are more likely to cry. by the way, the experts found every winner is more likely to thank mom than dad. so this year, start counting the dads too. and be sure to tune into the oscars this sunday starting at 7:00 p.m. right here on abc. >>> coming up next here, a personal conversation with my friend, robin roberts, who tells all of us how to find the strength we may not believe we have. she is our person of the week. if you have high blood

do you remember kayla sloan? we showed you the walmart cashier who liked to sing to her customers. believe anybody big would notice. ♪ my coat of many colors that my mama made for me ♪ >> well, tonight we can tell you her dream will come true on march 23rd. kayla told us the grand ole opry called her out of the blue after seeing her story on our broadcast. kayla will sing two songs at the opry, one of them "coal miner's daughter." >>> 48 hours from hollywood's biggest night. that's our number. we have a prediction, by the way, for some of the winners. not the movies, but who gets to -- the thanks. scientists at georgia tech studying more than 200 acceptance speeches. here's what they confirm. remember cuba gooding jr's exuberant dance? >> i love you! i love you all! >> indeed the numbers show men are more likely to wave their statues in the air. and remember gwyneth. >> i would not have been able to play this role had i not understood love of a tremendous magnitude, and for that i thank my family. >> and as halle berry shows, women are more likely to cry. by the way, the experts fo

dre, who knew. >> kayla, google glasses for your future?isclosure, i plan on applying. why not? this is marketing seenus. google did this with the chrome laptop too. they say, a hundred people apply and we will let you pay for these. you have to have 1500. >> i got pro grievive lenses the other day. >> they have wikipedia built in, simon? >> oh, it is all there. >> simon has a good looking pair of glasses, by the way. thanks, folks, i appreciate you being with us. see you next time. >> this is not a movie set. most popular part of the las vegas strip turned into a war zone this morning. we will hit the strip to tell you all about it when we return. i have low testosterone. there, i said it. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announ

. >> you agree with that kayla or not?e is such an integral part of the market moves, a lot of traders get up at 2:00 a.m. to watch europe like a hawk and asia too. if they could have captive audience if maybe for a very small few who unfortunately get up there. >> indeed. >> elizabeth warren doesn't appear to be softening attack on big banks. what is wall street reaction going to be to this? neil, why don't you start in this is your neck of the woods as well as kayla's. >> i think this is a bigger sort of trend going on here. i think both parties are seeing that there is some traction they can get. this is a populous view. an anger in the country that bankers have gotten off too easily. and also a real legitimate policy question when you look at the fact that very often these sort of agreements that bankers have had have allowed them to pay a relative small portion of what they have actually earned from doing things that it turns out are either illegal or are against rules and regulations. so the question is, are you in t

kayla?s been called the world's most important number since it provides the base rate off of which some $500 trillion of securities are priced each year. no surprise then that banks found manipulating this number would face big charges but we're chipping away at that iceberg. rbs announcing a settlement on criminal charges that it rigged libor in swiss francs and japanese yen. 21 traders were involved in the practice over six years, one year after the beige was subpoenaed. seven trade verse now been suspended from deutsche bank due to involvement in rate-rigging there. over a dozen banks are still being investigated. just three have settled, and that's with regulators. private litigation will ramp up soon, too, since rates were, in most cases, rigged lower. fixed income investors were cheated out of billions in potential investment. blackrock and fidelity among those weighing lawsuits and investigations are under way at the state level to see how much income is owed to pensions and endowment

. >> reporter: kayla silva can't believe her friend is gone. the victim just 13. and a student at green valley middle school. kayla says they performed together in a school talent show. >> we sang together. when people sing together, they share souls. i shared my soul with her. >> reporter: her grief follows the shocking discovery of her friend's body friday morning. >> i told them, there's a body in the park. >> reporter: eric may is a homeless man who found the girl's body in a parking lot at allen whit park. >> it looked like she was dragged out of a car and thrown there like a bag of trash. it made me sick. once i realized that was a human being and that was a body. >> reporter: may says the girl's body was naked, face-down, no signs of trauma. he checked for signs of life and there were none. >> all the life was drained out of her. she was gone. but i had to touch her, i had to know. >> reporter: may says he immediately flagged down a police officer. fairfield police confirmed may's story and say he is not considered a suspect in the case. investigators are n

kayla. >> hey, tyler, well, jamie dimon in the hot seat. remember last week some shareholders called for that role to be split. we haven't heard from him on that point yet. we have heard about management change. lots of turnover, half the executives presenting today were in different roles last year. he begs to differ say too much change saying a lot are jpmorgan vets. the big news on cost cuts. that's why a lot of people looking at the stock down today. the bank is targeting $1 billion in cost cuts. among the ways they are going to get there, 4,000 net head count reductions. we should note they are going to be a lot of head count reductions over the next two years in the consumer banking unit. there could be as many as 19,000 jobs cut with the majority of those in the mortgage banking department as the mortgage environment improves here. that's not to say the consumer bank is shrinking. we heard from chase consumer banking ceo or retail banking ceo and he said they will open 200 branches on average in the next two years. we did also hear a

hi, kayla. >> hi, scott.t finishing moments ago to cap off the end of jpmorgan's annual investor day. of course, one of the questions that inevitably he fielded this afternoon was about the possibility of splitting the chairman of role and ceo, a call that came from some pensions that are shareholders in jpmorgan. he cited various reasons why that was not the answer for the company saying the board has full flexibility and six out of his 11 bom board members can fire him at any time and cited a study that said companies that do have the role split will do worse and a ceo at the end. day nodes to be able to set broad strategy goals for a conditions and can you only do that as chairman and ceo as well. now, he also made some comments about fiscal policy on the back of ben bernanke's testimony today and said rates will go higher but hopes that it happens sooner rather than later because the later that it happens likelier it is that rates will be rising going into a recession and that, he says, is the worst thing

kayla is here with the latest headlines from what is happening there. kayla?ott. we have some headlines coming in from john fortt in the meeting right now. i'm sure we'll hear from him when he steps out. he said the meeting adjourned and the q&a has begun. one thing tim cook is dealing with is the stock price. he said, i don't like it either and neither does the board or the other managers there. he said, where the stock trades versus a few months ago is disappointing, but the company is focused on the long-term. it is focused on its products and revenue and profit at the company will follow. on that innovation, he said apple has great stuff coming. he says, quote, obviously we're looking at new categories, we don't talk about them, but we're looking at them. and he started recapping the year in the product announcements there. touting the retail stores as the face of apple, of course. those are stores that a lot of companies have been trying to replicate as well. he then talked about the markets that the company is in, saying that they're in markets that are

. >> kayla was dreading the start of february. premium skyrocketed from 635ses today nearly $800. >> i'm mad about it. i feel they're trying to take advantage of things before obama care takes affect. >> 730,000 californiains who buy private insurance saw an average 17.5% increase but some as much as 26% jump. consumer watch dog says this is the third and fourth rate haik from an insure surer. anthem says the industry had to raise rates not the only one. >> unfortunate, due to increasing medical costs and to people chr older and sicker we have to raise rates to cover cost autos with the hike, anthem says it's taking a 2.5% loss on this group. >> it's outrageous that... >> groups point out the industry found rate of inflation in the industry slowed questioning the need for double digit increases. >> i think what they have just done is perfect example ofnxpyx we need rate regulation in california. >> 15 states have no authority to control rates. an initiative is in the works to give the commissioner the power to reject rate hikes. s

. >> reporter: she called 911, firefighters arrived and got her and kayla out of the house.oth had to be treat fold carbon monoxide. where was the carbon monoxide coming from? this is christy's apartment up here. in the grau below, something had left their parked car inside, running for several hours. >> so basically i was laying in a death trap. >> reporter: christy said she never heard the detector go off, so after leaving the hospital, that's the first thing she went out to buy. >> one, i'm so appreciative that i'm alive, and she's alive. and i feel so lucky that i can tell my family how much i love them. >> reporter: in germantown, maryland, erika gonzalez, news4. >>> and a ground-breaking surgery is giving a wounded war i don't a second chance. coming up, what this veteran plans to do after his double-arm transplant. >>> and we'll tell you why a local woman credits some friends she's never met for helping her meet her weight-loss goal. [ male announcer ] pillsbury grands biscuits. delicious. but say i press a few out flat... add some beef sloppy joe sauce... and cheese

he thinks for the near term, that's not an option they will have to be embarking on. >> kayla, thank you very much. >>> when we come back, "sports illustrated" swimsuit model will join us live. she's the first model in 15 years to grace the cover two years in a row. couple of reasons why. we'll be back in two minutes. why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. investor. yeah, i'm a serious investor but i'm a busy guy. 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. >>> welcome back to "power lunch." i'm sharon epperson, the final trades are coming in now in the gold market. gold finishes flat

kayla tausche is here to break down what drives the trades and what the s.e.c. is doing about it. >> heinz just the latest in this trend, we call them timely trades. that's probably be a little too kind. the s.e.c. settled with a company. no conclusions have been drawn there. traders in 2008 netted some $4.8 million in profits on leaks that anheuser-busch was being targeted. the source of the leaks, a sales trader whose wife was doing p.r. at the time for bud. when software giant sap -- that was in a day before the $8.8 billion was announced. going back to the heady private equity days of '06 and '07, it seemed no deal was without the trading tarnish. they saw suspicious trading preannouncement. it's always the big deals. scholars discovered the higher the price tag, the more financiers and lawyers and bankers, more insiders meant more insider trading. but it should get out to the journalist before the traders, right? >> the natural person to go to on this is j.j. and the options activity that can give you the clues on what's happening behind the scenes, so to s

. >> reporter: kayla can't believe her friend is gone. the victim just 13, and a student at green valley middle school. kayla said they performed together in a school talent show. >> we sang together. and when people sing together, they share souls. i shared my soul with her. >> reporter: her grief follows the shocking discovery of her friend's body friday morning. >> there was a body in the park. >> reporter: eric may is a homeless man who found the girl's body in a parking lot at allen wit park. >> it looked like she was dragged out a car and thrown there. it made me sick. once i realized that was a human being and now there's a body. >> reporter: may said the girl's body was naked face down and there were no signs of trauma. he checked for signs of life and there were none. >> all the life drained out of her. she was gone. but i had to touch her. i had to know >> reporter: may said he immediately flagged down a police officer. fairfield police confirmed may's story, and say he is not considered a suspect in the case. investigators are

for its part a facebook spoerk spokesperson said we are pleased. >> thank you, kayla. >>> is travel in more your thing? will frequent flyers rejoice or mourn? something, because it is looking more and more like us airways and american airlines merger will happen. but what does that mean for your miles in brian kelly is here. the founder of the website. and i asked you a moment ago, so how many points do you have? he said, that's a very personal question. i will ask you again on air. but i would like to know, we are facing a points cliff. what do we tell people who have points and don't know what will happen. >> everything is fine right now. even if the merge engoes through, which we should find out about in the feks tin the n days, nothing will happen. don't liquidate miles for magazines or anything like that. i think american airlines flyers will gain a lot. they will have opportunities for flights. >> you say don't panic, don't liquidate your miles. but isn't there a cliff at the end of the month with regard to elite status. >>'s leet >> well, if you didn' your elite status last mont

kayla. not just retail. investors seeing a pickup in m & a action.t entered the ring with the buyout of heinz. peter weinberg joins us now. peter, nice to have you on the program. >> thank you, maria. your firm did the nyc ice deal, a number of other deals. advisory business has been incredibly busy. what's behind the new string of deals. >> i think the whole street is busy. all of the m & a departments, here and in left-hand op, are burning the midnight oil. there's some of the old chestnuts we we've had for years frankly. lots of cash. good capital structures, low interest rates so all of that -- nothing has changed with respect to that. what has headached is the market's receptivity to deals. i think it's interesting that the berkshire hathaway stock went up. the comcast stock went up upon their announcement, and if you look at the ice stock since the announcement to purchase the new york stock exchange, it's up over 20%. that's new. that's different. >> you're seeing a different market reception to some of these deals. what does that tell you? >>

cnbc's kayla tausche joins us now with more. how did this happen? how did you get wind of this? front of this deal. >> i didn't get the first tip. "the wall street journal" did a great job, had the story yesterday. office max actually set to announce earnings on thursday and i was told yesterday that the deal was originally set to be announced on thursday because of the recent media attention it could be expedited this week, but it is an all-stock deal. if you look at the two stocks, you see office depot is up, office max is down. that's because the expectations that office max will be issuing the shares, office depot shareholders will be getting them. i'm also told that as part of this deal, office depot is expected to sell its 50% stake in office depot of mexico. that stake is worth about roughly $700 million. and that was actually a suggestion that was put forth by star board an activist investor that bought a 15% stake in office depot back in september. the company hired morgan stanley, later brought on peter j. solomon to sell the company. i'm told that these talks were hap

kayla tausche with the latest there.inal stretch of trading, just ten minutes before the bell sounds for the day. a market well off the lows, down seven points. could go positive in the next 11 minutes, bill. >> the s&p and nasdaq are in danger of posting weekly declines for the first time this year. could internal memo indicating weak february sales at walmart spark a downturn in that stock? more after this. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. 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

kayla joins us with more on that.e know what happened in the crisis and last year was a pretty good year. we wouldn't be at 14,000 without financials. that's clear. but give us more insight. >> scott, even with the relative gains of last year on a percentage basis, you are still way down from the crisis. remember the big bang says we know, driven near ex stintincti. despite one for ten stock split in 2011 and moves to slash cost. clean the balance sheet, even replace the ceo. the stock is off more than 91% from its 2007 highs. then bank of america. a state of mortgage settlements lifting some of the overhang as has its new bac restructuring. the stock, even though rallying 60% over last year, still almost 80 mes lower than its '07 peak. same goes for morgan stanley and gold man stacks. also down thanks to a merger and underwriting activity. even wells fargo, arguably one of the most conservative banks, teetering and down about 5%. relatively good performance compared to other banks since that peak. but only j.p. morga

right to kayla tausche we go.ws on berkshire hathaway. >> we're getting a 13-f filing from berkshire hathaway, big news. here's some of the stakes the company add the in your case fourth quarter of last year. archer daniels midland, a commodity company. also a new stake in veria sign, $3.7 million. on the stakes increased, berkshire doubled and added 10 million shares, now owns 25 million shares in gm as of the end of fourth quarter. also increasing in directv by 4.5 million shares. increasing precision cast parts also in oil well varko, 1.1 million share increase to 5.3 million shares overall for that stock. but we should note here, maria, these are not really buffett-sized moves. all the stock purchases we did see in the fourth quarter were under $200 million. so likely these decisions were made by portfolio managers and not by buffett himself when he buys he usually buys in the range of about $1 billion of stock or more. maria? >> all right, kayla, thank you so much. >>> europe, business spending, consumer sent

they're checking out and shooting kayla. this has gone viral a little bit.give her a shout on "the play of the day." >> i think kayla is soon to be former walmart cashier. >> good for her. that's great. she sounds amazing. nice bo-fer, guys. >> nice. >> whoa. we're in san francisco. google's backyard for the bing it on challenge. [fight bell: ding, ding] what's your preferred search engine? search engine, uhh, probably google. if we do a side by side blind test comparison, and you end up choosing google, you get an xbox. i'll bet you the xbox, you bet me your son. well let's look up what you need. okay, i would do the left. yeah? what?! i am a daddy! bing wins it! ng won. bing did win. people prefer bing over google for the web's top searches. don't believe it? go to bingiton.com and see what you're missing. now i love gorton's skillet crisp tilapia. cooked in my skillet, it's lightly coated with real herbs and spices, tasting crisp and delicious. ♪ trust the gorton's fisherman the freshenator. the buddy system. the do si go. the two-handed tango. el cleaño.

kayla tausche with the story. kayla?reporter: the banks are the worst performing sector since the prior peak. most of the major financials still closer to their low rather than that high hit in january '07, even despite the gains in the last year. take a look at bank of america, trading off sharply from the october 27 high of the market but still bruised from the financial crisis, and that's despite efforts to clean house and shape up the balance sheet. jpmorgan and wells fargo closer to that five-year flat line. can you see wells fargo is down about 5% and jpmorgan up just a hair and v.banks, and high capital levels moan the return on the banks is going to be suppressed. not all financials are in the truck. travelers is one of the leaders. up 50% since the peak on the other end. aig, the single worst performer, down more than 96%. it topped $1,000 a share of the crisis. the clear winners, the credit cards. discover is up nearly 70%. visa up 180% since its march 2008 ipo and master card, maria, the biggest gainer, the st

we want to go to headquarters and check in with kayla. >> that's right, melissa. aftermarket today, we saw form four file detailing the compensation of b of aceo brian moynihan. i've just recently learned from a source familiar with the matter that the board actually also approved an increase to his base salary for this year, for 2013, to $1.5 million. that's roughly a 60% increase from the $950,000 that he had been making in 2011 and 2012. of course, that's base salary, frozen in due part because of the stock's performance and other performance metrics for the company. but this would put him in line to earn what jpmorgan's jamie dimon earned last year. morgan stanley's james gorman got a similar bump to his salary by morgan stanley's board for this upcoming year. so, definitely a big move of confidence on behalf of the b of a board for moynihan this year. again, his salary being upped to $1.5 million for the year 2013 here, and $12 million, so far in salary and stock awards for 2012 for what we can tell, that's compared to $7 million from the year prior. melissa?

>> kayla tausche back at headquarters.hat is interesting, apple is emerging as a battle ground stock out there amongst investors. some people really seeing the value with einhorn going keeper into apple and others getting out like loeb. and yesterday we heard aboutly on cooperman. you can make the case for valuation all day long. could have made it for the past 100 or 200 points. and yet here we are. >> apple in particular. i would be a little careful about saying these guys are going head-to-head. somebody could have sold it over the quarter at $700. and it's obviously a much better value at $500 or $480. so in terms of apple, i still think you're looking at a shock whose shareholder base is turning over, not going to be the same stock that it was six months ago or a year ago. you're not going to have those rapid runs in my view. great company, but you're just -- it's not the same stock. you get different buyers. >> what i think is important, you have to look at apple on a technical basis. once it bounced around a 435 lev

kayla tausche has this story for us. kayla, it's kind of interesting. >> reporter: it is, mandy.st few years there's been a growing shareholder movement to oust jamie dimon from his chairman role. this year a group representing some $820 million in jpmorgan shares and includes connecticut and new york pensions are leading the charge, similar to that of goldman sachs last year resulted in the bank appointing a lead director for the first time in its history, separate from then chairman and ceo lloyd blankfein. jpmorgan already has a lead director and they say there's a clear conflict of interest when a board overseeing a ceo is chaired by that ceo. shares are down on that news and analysts say it's hard to say that would unlock such a shareholder since they just reached report profits and a 52-week high. >> joining us here at the exchange today in a first on cnbc interview we welcoack new york city comb troller john lew. welcome back. >> good to see you. >> you said when you sat down. >> i'm not really disgrunt sglld but you are concerned that there should be a separation between

coal miner's daughter ♪ >> reporter: she's proof that there's big talent in small places. 21-year-old kaylae at this walmart in west virginia, when a customer noticed her singing a tune, and then pulled out an iphone to record the magic. little did she know the video would catch fire on the internet. this is coal mining country. her husband's a coal miner, her grandfather, too. she told us she's had big dreams for years, but never thought there's any chance they could come true. >> i never thought that it would make it that far. i honestly thought that, you know, people would see me and enjoy it. but as far as it making it that far, i never even dreamed. i'm hoping to be on the grand ole opry. ♪ take the ribbons from my hair ♪ >> reporter: when she was 15, she and her brother cobbled together what little they had to record this homemade album that no one heard. but now, she's a hit. at least in the mountains. and certainly at the walmart she calls her second home. ♪ we were poor but we had love that's the one thing ♪ ♪ my daddy made sure of ♪ >> i've actually had people come through my line

jeannie worked at google before leaving last year to start her own pr company and raise her daughter kayla. now she telecommutes. >> i am not even interested in working part time in an office and being forced to go into the office at any regular time because this is wonderful freedom. >> reporter: but come june, yahoo employees will no longer have that option. ceo marissa mayer has told her employees, in an attempt to be the best, she wants them at the office. while yahoo won't comment on the internal memo, reports are mayer wrote to employees that some of the best decisions and insights come from hallway and cafeteria discussions and that speed and quality are often sacrificed when we work from home. anyone who doesn't make the change should quit. >> i can understand that. there's a lot of synergy that happens in an office that you can't duplicate. >> reporter: cbs news and kcbs technologist larry magid works at home. >> i work more efficiently at home. i think silicon valley lends is self for people to work at home, coffee shop, wherever, or at a beach as long as they sling their code or

coal miner's daughter ♪ >> reporter: she's proof that there's big talent in small places. 21-year-old kaylaling away in the checkout lane at this walmart in west virginia, when a customer noticed her singing a tune, and then pulled out an iphone to record the magic. little did she know the video would catch fire on the internet. this is coal mining country. her husband's a coal miner, her grandfather, too. and today she told us she's had big dreams for years, but never thought there's any chance they could come true. >> i never thought that it would make it that far. i honestly thought that you know, people would see me and enjoy it, but as far as it making it that far, i never even dreamed. i'm hoping to be on the grand ole opry. ♪ take the ribbons from my hair ♪ >> reporter: when she was 15, she and her brother cobbled together what little they had to record this homemade album that no one heard. but now she's a hit. at least in the mountains. and certainly at the walmart she calls her second home. ♪ we were poor but we had love that's the one thing my daddy made sure of ♪ i've actually h

. >> i am kayla. >> good morning, washington. >> good morning, blake.gist jacqui jeras. 5:39 is the time. rain is coming to an end, but the roads are wet. that will impact your commute. if we will find out what kind of day it is shaping up to be with adam caskey at the national harbor. >> good morning. just light rains falling here. it's more than just a drizzle but still very light. i am under the hatchback and a storm chaser 7, keeping the drive. we have been tracking live super doppler 7 on board. i have noticed the bulk of the rain, the steadiest rain, especially along and east of 95 in maryland. it's not that heavy here at national harbor at this time in maryland. southern maryland, route 50, the b-w parkway, and the 95 corridor from d.c. to baltimore is still very wet. it's all pushing off to the east and moving out of town. we will still have some rain in the viewing area over the next couple hours. 37 degrees in washington now, 37 in gaithersburg. mid to upper attorneys for the most part. we will make it into the 50's this afternoon with a few s

>> kayla tausche at the new york stock exchange. thank you. >>> after years of listening to david letterman poke fun at his weight on the late show, governor chris christie stopped by the show so he can get in on the jokes. >> i didn't know this was going to be this long. >> are you on a diet now? >> well, obviously not. >> i guess not, no. >> just blew it. basically the healthiest fat guy you've ever seen in your life. >> after trading barbs with the comedian who mocked him for so long, christie showed that he really is the bigger man. you're up-to-date. let's turn it back over to savannah, matt and al. >> thank you very much. >>> clipper coming through. another one coming through tomorrow as well. you can see light snow making its way through the northeast and new england, really dumping little less than an inch. it's not going to be a problem. out west, though, another system is coming in. that will be bringing in coastal rain and snow in the pacific northwest, up to an inch or more in the rain and mountains. we're looking at fou

let's check in with cnbc's kayla tausche. she joins us with that and more. good morning. >> good morning, keith. we do have the markets that are heading toward the red this morning on the back of the president outlining broad economic measures in his state of the union speech. the dow is down just about 63 points, still close to all-time highs though. the s&p is also down slightly while the nasdaq is up three points. comcast and general electric are stocks reaching all-time highs today. the cable giant is taking full control of nbc universal buying the rest of the stake for $17 billion. comcast will also pay $1.4 billion buying the 30 rock studios. it will stream live shows as well as on-demand contact. in talks with content providers this after struggles to part with cable and satellite companies. and president obama's choice to replace tim gooitny, jack lew, is in the hot seat today. his confirmation hearing is expected to touch on his time in wall street during the financial crisis as well as his offshore investments. lew is expected to be easily confirme

kayla toucsche has the details. >> thank you.ced on thursday but could be expedited given recent media attention. i'm told price and final terms are still being decided, but it is an all-stock deal that is currently on the table. discussions have been under way since late last tall. office depot hired morgan stanley to evaluate alternatives after activist investor starbyrd bought a 15% stake in september. peter j. fellman working on the target side. jpmorgan working with office max. office depot up better than 30%. that's because office max, the larger company, is expected to issue shares to pay for the deal and also because office depot is likely to sell a 50% stake in its mexican unit valued around $700 million for nearly as much as the whole company is worth. the deal would combine the nation's number two and three office suppliers in combined $18 billion in revenues. staples previously attempted to buy office depot in are t'97 bu regulators turned it down. this time around, it's a different world, they say. not to mention the

i mean, johnny just follows joey around, and kayla's so over the moon about sydney, eh... watch. >> rafe: [laughs] right. and what about allie? >> caroline: hmm? >> rafe: allie, what about allie? >> caroline: oh, allie. she's with lucas. >> rafe: oh. oh. so sami took the night off, huh? [chuckles] wow. that's a speed record. even for you two. >> caroline: i'm sorry. i did say the wrong thing. >> rafe: huh? >> caroline: well--[sighs] when johnny mentioned sami, you looked absolutely miserable, so what--please, tell me what is going on. >> ej: you know, sometimes... it feels like you and i have been together...forever. >> sami: we haven't been. we have been apart, very vocally, very publicly. >> ej: well, i mean, i don't know about you, but i think i have always been the master of restraint. [laughs] >> sami: [chuckles] >> ej: most of the time! sometimes. occasionally. >> sami: [sighs] the problem with being so vocally and publicly at each other's throats, it's just that... you know, having to tell people that--about the... >> ej: reconciliation. >> sami: maybe we should wai

kayla tausche has the numbers. >> perhaps even it is hindsight 20/20.nloading their company stock before it skyrocketed. crunched some exclusive data for us. the parameters were that a stock rose 350% or more after an insider sale. some unfortunate times there. john lipinski sold in november of 2010. carl icahn last year offered to buy the company at $30 a share. the stock is now at $53 a share which would have netted him about $300 more. tom kartsotis sold more than $22 million in fossil shares in march of '09. shares are up some 500% since then. those shares would be more than 130 million bucks today. then there's dennis wilson as yoga retailer lulu lemon. he sold $6 million in lulu in september 2008 and two months later. shares are up 1600% since then on those two trades alone. wilson cost himself $40 million. but what about those repeat offenders? the data shows the ceos who sold the shares most often are jeff boyd of priceline.com and reed hastings at netflix. both ceos have long had prescheduled selling plans in place with or without a crisis. so

kayla tausche has the bumping up the jie and on the board. >> one executive usually it serves in the role. dimon says this is due to inadequate oversight with the london whale trade. this is new york city pension plans. holds about $820 million over just less than 1% in jpm shares. new york city comptroller john liu says, j.p. morgan would be unable to instill confidence. as lead independent director, meeting with the board with jamie dimon on certain matters. they are neither for or against splitting. it depends on the company's leadership at the time. since proposals are just proposals, they don't create real need for the company to address them. it was on jpo morgan's proks proxy last year. they saw 41% of shareholders support it. gmi ratings says what that number did is signal no confidence saying quote if 30% of your customers were unhappy, would you take that seriously. normally splitting the role is best for j.p. morgan quote is now believed to generate more profit than any bank in the world. i'm not sure how much an independent share person can. it is not sure what is believe

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a coalminer's daughter ♪ >> reporter: she's proof there's big talent in small places. 21-year-old kaylaling away in the checkout lane at this walmart in west virginia when a customer noticed her singing a tune. and then pulled out an iphone to record the magic. little did she know the video would catch fire on the internet. ♪ my coat of many colors >> reporter: this is coal mining country. her husband is a coal miner, her grandfather, too. she told us she's had big dreams for years. but never thought there's any chance they could come true. >> i never even thought that it would make it that far. i honestly thought that people would see me and enjoy it. but as far as it making -- making it that far, i never even dreamed. i'm hoping to be on the grand ole opry. ♪ take the ribbon from my hand >> reporter: when she was 15, she and her brother cobbled together what little they had to record this homemade album that no one heard. but now she's a hit. at least in the mountains and certainly at the walmart she calls her second home. ♪ >> i've actually had people come through my line and be like

. >> kayla, thank you very much. >>> meantime cnbc newsroom buzzing from last hour. ladies and gentlemen, two-time swimsuit model kate upton has left the building sadly. but the story isn't over. this next story could be one of the greatest marketing plays of all time. while supermodel status reserved for a few, one retailer hoping women will pick up featured items to look a little more like kate upton. cortney reagan in target in jersey city to explain. cortney. i'm having trouble getting through the segments. i'm not focused. >> sounds like you guys are having a really good day there. i'm missing a lot on the street. i'm here at a target in jersey city. "sports illustrated" swimsuit edition is an institution, not just among men. 18 million women are expected to flip through the pages of the magazine this year maybe hoping to look a little more like kate upton. target is hoping they can put that pipe dream a little within reach. this year for the first time "sports illustrated" has chosen a target brand exhilarations bikini to be worn by jessica perez. you can see h