and thank you, kayla tausche as well. >>> up next, a big miss for radio shack, but the stock is now positivend out why. >>> plus the one that will outshine the risk. >>> this thursday, check out our documentary "america's gun, the rice of the ar-15." see had here at 10:00 p.m. it reportedly was used in aurora, colorado. we take it down the middle, speak to victims and law-abiding citizens. pretty powerful stuff. i hope you tune in. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> hily truncated street talk into. radio shack, what a wild rival it's had. then it spiked up about 3%, now it's down 1%. pretty much endless, but here's the bad news. was worse than wall street expectations, margins str

. >>> to business now and cnbc's kayla tausche. good morning. >> good morning. the fed begins a two-day meeting today widely expected to keep its low interest rate policy for the foreseeable future as the economy remains sluggish, job market weaker than expected and inflation still low. the fed's decision due tomorrow afternoon. >>> in the era of the free first-class upgrade might be over. in their effort to squeeze more cash from passengers, airlines are reportedly auctioning unfilled business class seats to those of us in coach. virgin atlantic and austrian airlines are among those now taking bids for beds. >>> and nielsen is reportedly testing a tool to track online viewing of tv shows. "the wall street journal" says several networks including nbc and fox have signed up for the pilot program which nielsen hopes will become standard for sites such as hulu and youtube. richard? >> thanks, kayla. >>> the s&p is rat a record high. for the first time in history, the dow has not logged a streak this far into the year. predicting its first quarterly surplus since 20

kayla tausche is here now with the very latest. over to you, kayla. >> still more details emerging in that insider trading scandal involving a senior audit partner at kpmg and his casual golf buddy. in a statement, scott london says over the course of several years, he divulged general information to a friend who he says his business was struggling. his friend, still unknown, would ask about his clients and say, whether or not he should buy their stocks. london says, never once did i provide documents to him, and the information i provided was in the form of a suggestion. according to the "l.a. times," london's returns were pretty paltry. a few nice dinners, a rolex watch, and $25,000 cash. part of which was handed over at a starbucks and photographed by the fbi. what now for the other parties involved? the statement from london does carry some helpful admissions that no one at kpmg was involved or aware that what he was done and that nothing he did impacted the audits of his two clients, sketchers and herbalife. maria, we'll send i

cnbc's kayla tausche, great talking to you.weekend. >> you, too. >>> another state has passed tough new gun control. maryland is going to require people who buy a gun to submit fingerprints to the state police. legislation just waiting for the governor's signature. >>> meantime, over in connecticut, the governor has signed into law sweeping new restrictions on weapons and large capacity ammunition magazines. joining me now is chris kafinis. the nra wayne lapierre is responding to the new law and to newtown parents who say 11 children were able to escape the shooter because he had to pause and reload his gun. listen to this exchange. >> my response is that the criminals aren't going to have less one round in the hand of horror is too many. >> how do you know, wayne? adam lanza, his mother was a legal gun owner. how do you know that his mother wouldn't have obeyed the law and limited the magazine clip and he would have been limited to 10 rounds instead of 30? >> megan, people who know guns, you can change magazine clips in a seco

. >>> now to business and cnbc's kayla tausch. good morning to you. >> president obama is expected to appoint more members of his second term cabinet as soon as today. micha michael froman and penny pitzger. and another top executive is leaving jpmorgan. co-coo frank bisignano. seen as the successor to jamie dimon will fully take over the job. both were key in getting the bank back on track after reporting a huge trading loss last year. >>> and e-mailing the 50 million customers whose accounts were hacked. living social says e-mails, passwords were hacked but no information was stolen. it's partly owned by amazon. >>> it's a data. packed week for the economy. the fed expected to keep stimulus status quo. there's also manufacturing data at home and overseas. and the all-important april jobs report out on friday. >>> meanwhile, startling new data from the st. louis federal reserve finds that the u.s. government paid out $3.3 billion in 2011 for unemployment benefits to people who are actually working. chrysler kicks off another earn

cnbc's kayla tausche is here with what's moving your money. s after two other airline hiked their change fees, kayla. >> that's right, chris. southwest airlines used to be so flexible that you could just not show up for your flight whatsoever and rebook with no charge. it was certainly a luxury while it lasted, but if you miss your flight now without canceling it, you'll have to pay. we don't know how much the fee will be, only that it gets introduced this year. meanwhile, some of southwest's rivals are making it even more expensive to change your flight at all. just this week, us airways is joining united by upping the price to join a flight to 400 bucks. the airlines say it costs them a lot of money when a traveler decides not to fly. more surprisingly, they also want higher budgpaying traveler. sometimes a nonrefundable ticket is sometimes ten times the cost of a normal ticket. >> this is really interesting. a new study found if you pay attention to google searches, you can predict which way the market's going to go. >> it's definitely inter

. >>> over to the world of business now, where cnbc's kayla tausche has your monday morning headlines. good morning, kayla. >> good morning, betty. president obama is expected to appoint more members of his second term cabinet as soon as today. deputy national security adviser michael frommen will be named u.s. trade representative while chicago real estate mogul penny pritzker will be money secretary. >>> and frank businessen nano will become ceo of first data. matt zain, also formally ceo, and seen as a potential successor to jamie dimon, will take over that job. both were key on getting the bank back on track. and living social is e-mailing the 50 million customers whose accounts were hacked. the daily deal site says names, e-mails, birth dates and passwords were accessed, but no info on credit cards was stolen. living social is partly owned by amazon. betty? >> that's good that the credit card info was still in tact. >> at least there's that. >>> as wall street looks ahead to april's jobs report on friday, startling new data from the st. louis federal reserve. it finds that the u.

kayla tausche, over to you. >> much has been devoted to the controversy surrounding what was expected, chairmanç and ceo capital to ambassador of france. the white house was set to be driving over lastry's investment in france in particular. the white house was said to ask lasry to invest his majority stake in avenue which manages $11.5 billion. furthermore, sources say the white house was requiring the firm so sell all of its positions in france, which i'm told value roughly $400 million, regardless of their current value. that, stamp, interestingly, seems to be the same as past white house administrations. they have allowed some ambassadors to put their assets in a blind trust, that way they wouldn't be forced to sell them in a fire sale as long as they didn't control the investments. as detailed by the u.s. post, the allegations between lasry and a poker ring prove to be the last straw in negotiations that it already reached a standstill. i'm told by sources lasry has not been contacted by the fbi nor associated with the crime committed and they had already reached a standstill ov

. >>> turning to the world of business now where kayla tausche has the headlines. >> the fed begins aay meeting, widely expected to keep the interest policy are to the for seeable future. job market weaker than expected. the fed's decision, due tomorrow afternoon. >>> the free first class upgrade might be over in their effort to squeeze more cash from passengers. they are auctioning unfilled business class seats to those of us in coach. virgin atlantic and aus tree an airlines are among those taking bids for beds. nielsen is reportedly testing a tool to track online viewing of tv shows. several networks, including nbc and fox, have signed up for the pilot program, which nielsen hopes will come standard to measure viewing on sites such as hulu and youtube. >>> the s&p is at a record high and for the first time in his strir stri, the dow has not logged a single three-day losing streak. they are predicting their first quarterly surplus since 2007 thanks to higher than expected tax receipts and lower federal spending >>> virgin galactic completed its first rocket-powered flight this morni

our kayla tausche is at that scene. >> hi, carl.a seminole day for a big bank undergoing a major transition. the first time mike corbett will address shareholders en masse. he said we won't veer from our current strategy. our focus is execution. he makes a couple of remarks about the 2012 performance, saying it was offset by some charges for legal and otherwise that unfortunately canceled out that momentum. as for that strategy, he says they're recalibrating and focusing on 150 major cities worldwide and they want to be more international and more urban and they want a greater digital presence for their customers and they're in 80% of those markets. at this event last year, they voted against vikram pandit's pay package. we need to regain trust with shareholders and regulators and he's been meeting with regulators for the last six months and they made it clear that banks don't need to get bigger and that was when the too big to fail bill was coming out. interesting to see what he'll say this morning. guys, back to you. >> all right.

kayla tausche joins us now. do these girls have any idea about the amount of money they're actually making? >> tyler, each girl knows when she personally sells a lot of cookies, but can't really fathom how big the overall organization has become. thousands of troops are young girls will sell in total more than 200 million boxes of cookies. called america's youngest sales force, earning nearly a billion dollars, all before it's time to start their homework. how much do you think all of the girl scouts selling girl scouts cookies every year? >> hmm, 3 million? >> nine million. >> eight thousand? >> i think a lot. >> ten million or so? >> reporter: okay. so they're not good with numbers yet that doesn't stop these manhattan girl scouts and others like them from hauling in close to $800 million in cookie revenues over a span of just eight weeks. it's more dough than some s&p 500 companies will see in an entire year. a remarkable feat considering it looks much like it did a century ago, door to door and offline. >> i

kayla tausche is live. >>> futures, ruffle flat. the s&p, record high. nasdaq, 12 1/2 year peak.r amount of economic data, reports on home costs, home prices, manufacturing and consumer confidence. pfizer reports earnings and the fed kicks off a two-day meeting widely expected to keep its low interest rate policy in place for the time being. the dow rising to 14,818. the nasdaq up 27 to 3307. back over to you. >>> major league baseball bringing the sport to youtube. a whole library of highlights dating back for decades. don mattingly, chasing a foul ball. not only will there be clips of old games but you will be able to see highlights of current games. after a day or two, you will be able to watch the giants highlights on youtube. people overseas are going to be able to watch the entire game as it happens. that will hopefully expand baseball's popularity as well. jon and marla. >> classics that never get old. donny baseball snagging a couple kernels of corn. thank you very much. >>> one of the stories we are following today now, this morning, a south bay woman is under arrest, ac

kayla tausche is inside to take us inside the economy. were you a girl scout? >> i was not. i always wanted to be, but i never was. >> i understand you were? >> i was back in australia. >> most people mandy don't realize the scale of the girl scout economy. 3.2 million girls strong, roughly the size of the department of defense. cookie, though, are big business. when the season wraps up this week, they'll have sold some $800 milt onin cook juries narrowly beat out by the or i don't. but as america's youngest sales force, financially savvy. i visited one troop in manhattan to find out. >> do you think the big banks are good or bad? >> maybe they could be bad like if a meteor was falling. >> reporter: is a credit card expensive? >> well, if you find it on the ground, you can't use it. >> reporter: do you think the economy right now is doing well or doing poorly? >> what's an economy? >> reporter: hence why the ceo launched a financial literacy program where girls can earn up to 26 badges for things like building good credit, running profits and acing a profits and losses lesso

kayla tausche, you've been digging in. >> kpmg first learned last friday a a senior partner had leaked confidentable information to a third party to two clients, her alive and skechers. the source said it was out within 24 hours, the clients notified yesterday. federal authorities are currently investigating the matter. the firm, a source says, believes the probe concerns the individual actions, not those of the firm. kpmg won't identify the individual, but it has categorizesed him or her as a bad apple, saying in the statement that the firm and the employees unequivocally condemn this individual's rogue actions. kpmg is one of the big four accounting firms. the firms do the bulk of the world's blue chip corporations, editing things like prospectuses, every sing the earnings filing you ever see, so the biggest risk is the loss of confidence by corporations. that being said, there still could be some fallout for kpmg on the legal front, depending on whether the matter was discovered by authorities or by kpmg. that would lessen nen penalty, and also, of course, mandy, whether herbalife o

kayla tausche is live at cnb this. world headquarters.good morning. >>> we have rebounding from losses the previous week. investors may shift their focus away from earnings and to the federal reserve and the economy. they meet tuesday and wednesday are expected to hold the line on interest rates. data topped off by friday's key job reports. dow rising to 14,7126789 the nasdaq slipping 10 to 3279. back over to you. >>> 5:15. jon and marla, over the weekend, tens of thousands of san jose residents got postcards in the mail announcing ebay's new delivery service called ebay now. it is live in the south bay. you can choose from target, home depot, more than a dozen home stores. you do your shopping online and an ebay employee will get in his or her car, go get the thing for you, drive it to your house. here, you can track them online as they go into the store and then follow them on the map, from order to delivery. i tried it out myself, 20 minutes. i looked at the map. i saw my delivery lady, kaitlin, coming down the street. she pulse up. $3

let's get to kayla tausche with the story. over to you, kayla. >> hey, maria.eculation about a potential job for avenue capital chairman and ceo, mark lasry. that job, u.s. ambassador to france. but we have just learned this afternoon that he is out of the running for that job. a letter went out to investors this afternoon, saying that while he was grateful to be considered for the role, he would be returning to or remaining, rather, at avenue as chairman and ceo. one potential point of consideration in this whole process is the $3.7 billion of avenue's total $11.5 billion under management that is located in europe. potential ideas about ring fencing or putting those assets into a blind trust proved problematic, but he will be staying at avenue and not taking that job. maria? >> kayla, thanks so much. meanwhile, a bold start, a fake twitter terror message, and a strong batch of earnings fueled today's market. >> bob pisani is here with some thoughts on today's market action. >> i'll tell you what makes me optimistic. i was very worried that some of the big mult

kayla tausche with the latest on a story that continues to develop. >> last friday, kpmg learned that a top partner who led auditing for both herbalife and sketchers was under investigation for leaking non-public client information to a third party. the partner, scott london, was a 30-year veteran of kpmg. weinberg said he knew london for over a decade and would have never suspected this. weinberg said yesterday, two kpmg partners informed him that london had admitted to selling information about the company during the two years when he served has sketchers' lead auditor. kpmg, in response, had to withdraw its certification of sketchers' financial statements. it withdrew that stamp for herbalife too, and that stamp is something that exchange trading requires. while they isolated the wrongdoing just to london and dismissed him from the firm promptly, there remain questions about potential legal action to be taken. for sketchers, it was too early to comment on what legal action melee ahead. two years of auditing work have now been revoked. weinberg says

kayla tausc kayla tausche looking at this. >> wells fargo and jpmorgan will open tomorrow.y predict loan growth will be down, margins will be pressured, and activity will start to slow. that will hurt wells, the largest mortgage provider. consensus estimates expect wells to post 88 cents. that would be on $21.6 billion in revenues. and depending on the strength of earnings, wells may need to follow suit and cut costs, like other banks have. cost cutting in focus for jpmorgan in q1, the bank in february announcing $1 billion in expense cuts this year. investors are going to look for how exactly that materializes. analysts, though, looking for $1.39 in eps on about $26 billion in revenue. the wild card, capital markets. a rocky q1 could be negative across the board or could see jpmorgan gain market share. morgan stanley's betsey graceick thinks it's the latter. we'll break it all down when the numbers hit the tape tomorrow. a programming note. i'll be sitting down with marianne lake, jpmorgan's chief financial officer in her first-ever television interview. that's tomorrow at

. >> kayla tausche back at cnbc headquarters crunching the numbers. >> wells fargo and jpmorgan this morning both beating on the bottom line, but they were having problems with revenue. jpmorgan's fell. wells fargo's number missed analysts' estimates. but with rates low but starting to rise, banks are having a tougher time making money. they're victim to the slowdown and the mortgage market, which has long been a source of heavy loan volume as consumers refinanced at low interest rates. the slowdown causing margins to narrow and in some cases, overall net interest income to fall too. that's hurting wells stock especially. jpmorgan saw sagging demand for consumer loans. the runaway winner there, though, asset management, with record net client inflows. the bank also getting a surprise boost in capital markets, with debt underwriting canceling out low m&a fees. revenues for wells fargo investment bank, jumping 37%, lifted by its involvement in the acquisition of heinz by warren buffett, who, i'm sorry swb a big wells shareholder. we have four more banks on deck next week. we'll get you

kayla tausche has that story. >> former ceo jon corzine and his two deputies getting hit with a 61-pageit from louie free, the bankruptcy trustee in charge of the estate. free is suing on three counts of breaching fiduciary duties as the firm collapsed in 2011 saying corzine veered away from strategy, instead reaching out to investment banking even as its risk controls remained weak. there are seemingly similar claims lobbed at the executives in u.s. bankruptcy court since the brokerage's failure 18 months ago. the previous suits, including one filed by directors at the cme which cleared the commodity trades. a spokesman for corzine calling the latest suit, quote, monday morning quarterbacking, and one that excluded actions by mf global's counter parties, draining the company's liquidity in its final days. a statement from free noting the parties were still negotiating with a mediator to reach a resolution. so why the lawsuit if they're still trying to settle? timing is everything. according to procedure, a lawsuit from freeh would have to come before the firm goes into final liquidatio

kayla tausche has the story. >> regulators are in the final stages what it means for a firm to be calledtemic important, in other words, if the firm would fail, the economy would go down with it. the fed says companies with 80% of assets coming from financial can i have t activities would qualify. under this new definition, regulators are reported to be circling three companies, prudential, aig, and ge capital, all of which received government bailouts during the crisis. the oversight committee is meeting this afternoon to discuss the issue and a final decision is coming in the next three months. source us say several other companies are still being evaluated, but at earlier stages, and fsoc's ability to evaluate a company financially important is ongoing. letters from trade groups represent the single largest portion of feedback regulator have said getting. met live's ceo said subjecting these insurance companies to the stricter scrutiny under being system lick important, that could mean higher prices for consumers. this week's final rule said no exemptions would be made on an industry

kayla tausche has that part of the story for us. >> the senate voted unanimously in march to seek an fail. that's resulted in a draft of a bipartisan bill that would steeply increase banks' required capital and end participation in a cross border regulation already in place on the matter. banks had been working toward building up capital buffers to satisfy the rules outlined in what was caused basel-3 where the largest banks would hold as much as 9.5% capital. slightly smaller banks, the less risky banks would hold somewhere in the 8% range as you can see. big banks were nearly there. the slightly smaller banks had actually surpassed those required levels as you can see by the green on your screen. but the senate bill goes far beyond that. the big banks would need to hold 15% capital and then some for their risk weighted assets. all banks holding 10%. that's higher than even the strictest tier of basel iii. the signs of that gap, analyst dick bovay is estimated to be $500 billion. racing ce i via asset sales you force banks to slim down. if you're an investor, if you're antsy, trader

kayla tausche has the latest for us. >> of course, sketchers and herbalife were the two companies whereg resigned their assignments. weinberg described the situation as, yesterday, two kpmg partners came to the companies' offices and read a prepared statement, disclosing that the senior audit partner, which we now know to be scott london, had admitted to selling the company's nonpublic information during his most recent two-year stint as sketchers' lead auditor. the auditor, london, of course, was cooperating with the feds, and nobody other than the lead was under questioning at the time. a second source notes that sketchers and herbalife were the only two accounts that london served as the lead auditor and that's why they resigned those accounts. london has been the lead auditor a decade ago, he would have never expected that he would have been selling their confidential, as was told to him yesterday. however, kpmg did withdraw the certification of sketchers' financial statements for the two years that weinberg said that london was their lead auditor. weinberg said a kpmg assisting in

♪ >>> welcome back to "fast money," i'm kayla tausche.ore about this apple bond term sheet. it's a six-part offer, $17 billion. i want to walk you through a couple of the high-level take aways, especially with regard to price. extremely low interest rates as we expected, the three-year fixed is coming in with a coupon of .45%. the five-year fixed, 2.40%, the ten-year actually rather, 2.40%, the 30-year, 3.85% on that bond. all of these are pricing just slightly below par. a very, very tiny discount. they're also two floating rate notes which will float alongside three-month libor and they'll price at par. i want to tell you a few interesting things about this book i'm getting. the final book, $52 billion. multiple times oversubscribed for the $17 billion that apple wanted to issue. i'm also told that the international demand was higher than expected due to the lack of issuance overseas. the international component of the bookended up being as high as 20%, which i'm told is now outsized. a lot of people were saying goldman had strong relat

. >> kayla tausche has been following the ibm conference call. what's the latest? >> the stock is still moving, below that $200 mark. of course, you've mentioned it before, missing on the top and bottom line. really, the story here is its revenue misses. all across the board, there isn't really a bright spot for ibm, that's why the stock is moving down so sharply. revenues falling on hardware, software, services, systems in technology as well as the emerging markets which was a huge, huge point of investment for ibm. and investors are voting with their dollars and not liking what they see. below that key $200 mark. >> thanks so much. and that, dr. jay in terms of positioning and ibm, what did you see today? and do you think there are bets going higher? >> we had some reasonable amount, but not super heavy. not institutional like i'd like to see. but we had buying of the 200 puts, melissa, against the 190 puts. someone was betting that the stock could have a pullback like this. i had no position and have no position. have not taken any in the afterhours either. i th

kayla tausche, you tell us what they're doing. >>> there's been questions about the exact timing by itsis set to kick off. a source said the road show kicked off today? new york. it's too early to gauge investor demand, but that the deal is set to price next thursday, april 18th, for trading the following morning. that's of course, friday april 19th. seaworld filed for 20 million shares. that would put it in the ranks of the top five ipos, so definitely a household name, one that we're watching and bring you updates as soon as we have more. >> no comments from shamu yet? >> i reached out, but no comment. >>> dalles on big data download, turning waste into health care industry, did you know that nearly 1.2 trillion are wasted annually through inefficient practices? today one expert looks at how big data is being put to use in order to eliminate waste. catch it all today. big data download at cnbc's mobile app.. on the half, you asked for it, so we'll give you the trades, so you know where to put your money next. that's in two minutes. with fidelity's new options platform, we've completel

corzine and as of now, no comment. >> thank you very much, kayla tausche. >> a different kind of pitchdium today. some of the biggest names of hedge funds like ackman, cohen and einhorn are pitching investors. we'll be live from the scene. constellation brands upping its game right here in the united states with full control of corona. the ceo rob sands will join us for an exclusive on "squashing on t squawk on the street." ♪ [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ ♪ ♪ >>> it's not baseball playerses at yankee stadium today. it's some of the biggest players in the hedge fund world. goldman holding the u.s. hedge fund symposium there and our mary thompson has the pregame from outside the stadium. mary, good morning. >> good morning to you, carl. as you mentioned, goldman sachs is hosting the big hitters from the 2.2 trillion hedge fund industry today. earlier this morning we saw goldman's president and coo gary cohn come in

. >> i'm here with kayla tausche and david faber, as tense as things are in boston the wheels are abouto turn. the opening bell about a minute or so away. so as a result, we're seeing the collision of those pictures that you're looking at and in this case today at the nyse, an ipo and in this case of seaworld. we just had a parade of penguins, dancers come through the exchange and make their way to the balcony, a celebration that had obviously been in the works for a while and that went ahead even with the developments in boston overnight. a lot of corporate news, of course. you guys have covered it all morning long, ge, mcdonald's, ibm, google and we'll get up to speed on all of those and pretty interesting stories embedded in corporate america today. boston, of course, is going to be the focus. let's take a look at the opening bell here as we said earlier. seaworld, seas is the ticker and we'll talk more about that ipo, a blackstone exit, as i believe, david? >> that -- a blackstone exit there and a blackstone exit there this morning, carl and we may also get a chance to talk to decid

i'm carl quintanilla with simon hobbs and kayla tausche joins us at post 9. david faber is in new york city where he will reset from obviously last week's tough week, david and get set for a busy week of earnings and insight from big investors, too. >> yeah, you know. carl, we talked so often about the lack of merger and acquisition activity, but not the lack of activism even when it comes to deals themselves such as southeastern on dell, for example, or some of the opposition to the pcs-t-mobile deal. activism has been bigger than ever and so we are focused today on a number of dint guests who will join u and barry rosenstein from janna amongst others and we'll have news as well very shortly. >> wherever you are, david, there generally is news whether people want to know about it or not so we'll talk to you soon. >> in the meantime, we're coming off a turbulent week and saw volatile markets and all of the developments over the marathon bombing in boston one week ago today. >> the tacit approval over japan's monetary easing policy and no one will mess with th

she sits down with kayla tausche and a lot of concern from the givebacks from the reserves and mortgage's ahead of the show and if one big-name investor isn't enough in addition to john malone, stick around because we'll talk, request e, the marks and the economy with boston fed president eric rosengren for a first on cnbc interview. ♪ ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >> john malone is back in the cable business with 27% of charter communications and the four board seats that came long with it. so why then after more than a decade away from cable is malone back and why charter? >> what's attractive to me about charter is first of all, a great management team. tom rutledge, is i think by all accounts, the best operating manager in the business. charter itself is an undermanaged asset, and underinvested asset for a number of years. it was kind of the victim of a lot of market share stealing by the satellite guys. it faces

kayla tausche is back at hq. >> we are watching shares of black rock, blk off the highs of the day with questions about margins following the overall good quarter from the asset manager. i wanted to point out comments that the ceo just made on black rock's conference call and he believed re-risking came from cash and not from bonds. the risk on trade is in full swing and they're talking about black rock about when the market has a pullback, not pulling back and not selling. he says he believes markets will go higher this year and he's extremely bullish on equities going forward. >> thank you for that. >> interesting intraday action. when we come back, the impact of twitter and facebook in the wake of the tragedy in boston and a nice reversal in gold today after the over $150 drop yesterday. are the technicals pointing to yet another leg down? we'll check the charts. all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative so

. >> cnbc's kayla tausche. the revolving door keeps swinging. this time frank who joined j.p. by jamie dimon who worked with him in the 1990s. his reputation as a fixer upper came in handy when he was tapped to right the bank's mortgage unit. then ran the integration of bear stearns in washington mutual, rising to chief administrative officer and then to co-chief operating officer in july of last year. even then his duties stayed roughly the same. the other executive sharing the title, matt zayne got the brunt of the responsibility. 12 months ago he was the co-head of picked income and harpooned the london whale. two months later named co c 00. though in a phone interview he told me his day to day job won't change since he was managing the firm's balance sheet and regulatory affairs and his overall strategy. >> it does present more fodder for succession chatter. he had unwinding that disastrous their 150 billion london wale hedge. >> mike cavanaugh, a bank one veteran with strong tees to dimon. >> j.p. morgan often refers to the deep bank of executive and one problem, the oper

. >> we should note that kayla tausche is joining us for the next hour. >> i should note that wasn'tthe prompter. that was your own volition. >> will you talk about banks and mobile banking. >> that's right. >> a lot of concerns there. >> exactly right. you shift to the mobile banking and you shift away from doing stuff in person, is your money safe? what the risks are and how you can be safer. >> that's ahead. let's dive, meanwhile straight into those markets. the s&p hit arth record intraday high, if you are just joining us this after the fed released its minutes early due to a leak early this afternoon. the big question, will they end qe sooner and as early, possibly in this summer. global investors which has roughly $280 billion in assets under management and he joins us on the left and on the right bob brown, the cio of northern trust global investments so a real turnout for the books. we have the fed minutes early and it would appear that when they last met they were engaged in a debate about when they should tail off this $55 a month of bond buying. the suggestion was it might

. >>> coming up, few industries face more consumer complaints than the banking business and kayla tauschens us next with the start of a day long series on the issues facing that sector. stay tuned. [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. >>> welcome back. a quick check on the markets. regardless of the -- i can go irregardless -- no matter what the fundamentals are money is coming into equities. is that what's happening? >> it just doesn't stop. you have easing going on about in the world and everybody thinks everything is fine. somewhere down the line this is going to fall back. i would like to see a 3% to 35% correction in the market to feel more comfortable. this run has to stop somewhere. >> a lot of people are saying that. at this point when we see

now to wall street, kayla tausche is at the new york stock exchange for us this morning. good morning, kayla. >> good morning, tamron. top executives from major financial companies will meet with the president in washington today at a lobbyist conference. on the agenda, job creation and immigration reform. the stock market continues to push through all time record levels. tamron? >> kayla, thank you very much. riddle me this. here's a question for you this morning. if a fisherman and a shark are competing for the same dinner, who wins? check out this video. it happens when the shark spots the tuna on isaac's line. the 500-pound tiger shark goes in for the kill. oh, there it is. isaac tries to reel back in his cash, but then the shark head butts the kayak and makes off with the tuna. don't feel too bad for isaac, he's alive. also, he managed to catch a few more fish. he's in a competition. but a close encounter with, dare i say jaws. it is 7:09. >> you're going to need a bigger boat as al would say, a kayak? >> this is why i have not learned to swim. >> don't you think ther

kayla. you don't need to say tausche. >> isignano. he was the cochief operating officer. i know it's a mouthful. but the firm announcing yet that he will be leaving to become ceo of first data. he cleaned up the mortgage unit. about the roles and how they're going to be changing, i spoke with matt zames who will be taking on this role by him. he said basically his job won't change. he was the key adviser to jamie dimon personally. he overseas. and both were co-coos. the area delegated to him were basically his legacy from a previous role. technology, operations and those will be handed down to paul compton who was named into that job. it's a 12-member seen. bisignano's departure is just one of the latest there. it's an 11-member operating committee. the second thing is what it says about succession. this position is squarely to be a contender to take over jamie dimon's role if and when he steps down. i'm told the other person who is a contender for that is mike cavanaugh. >> i don't know if joe -- joe, were you listening to that? >> do you want me to do it again? >> hey,