looking out to december, the lon long-term average, as we know, is 20. >> does that make you feel better, the fact that nobody's worried? >> we all know this, there's a lot of very smart institutional players that are using it as protection. saying can get this 18 to 25 cent call and it very liquid. >> it's not worrying you? >> that trade doesn't worry me. >> you think think this is a bet on the vix. somebody is probably trying to hedge their s&p portfolio. a lot more people doing that. the interesting level today was 14, very close to where we settled. why? because for the last several weeks we've been talking about this 14 level, it was a floor in the vix. finally the last several days we got to 14 and people say 14 is where the vix belongs. >> if terms of the action today, it was horrible if you take a look at the charts. and then of course all this we've had all sorts of terrible prognostications about pullbacks. given the action today, you got to be worried, right? >> but the vix wasn't the tell. the sell was the rolling selloff -- >> this trade may not be the tell but it was the re

. >> the government will continue to work for as lon as necessary to face this emergency and protecttritheots. >> the hunt for clus, a british submarine joins in the search. we are live in perth. >> i am an angry mother. my family is hurt. i just, i want justice. >>

this is coming from the highest esha lop of see -- esha lon of south korea's leadership that there's a problem at large in terms of safety and the way business is carried out that needs to be fixed. that will be a huge task. >> the video released. we showed it. the captain scrambling for safety, has that given clues whatsoever on what exactly happened. has it changed the focus of the investigation. any more clarity on what happened? >> well, i think from the coast guard's perspective it was supposed to show them that they took the captain on to their rescue boat not knowing as they said when they came assure, that he was the captain. they said all the people that jumped off and were rescued were wearing life jackets. what also is clear from the pictures is the captain and some other crew members were pretty much the only people on the deck. they have been telling the passengers to stay in their cabin and stay put and not run to the side of the boat and jump into the water. that obviously gives further ammunition to prosecutors who will no doubt use that in the case against the crew.

gym -- jimmy fall lon, take a look. >> i know you read it three days ago. >> you smother me. >> the comedy doesn't stop there. you remember when putin answered this question last week? >> would obama save you if you were drowning? >> i think obama is a krajous and good person, for sure he would save me. >> president obama also answered that question today. >> i absolutely would save mr. putin if he were drowning. i would like to think that if anybody is out there drowning, i'm going to save them. i used to be a pretty good swimmer. i group -- i grew up in hawaii. >> unfortunately what's happening in ukraine isn't a joke but our foreign policy seemed to be sounding like one. doesn't our president have more important questions to answer than whether he would save a drowning putin? >> what do we do at this point? we have to play to our strengths. we got to realize that elections have consequences. we have a cool president but this is what you get when you pit ferris buler against dr. no. we've got to drill, frack, and export. you got to magnify. just for fun, let's go in there and pick up sno

well as thes lon other countries to will process -- had a dual process. run up prices, they saw they could get a better valuation in the ipo market than they could with a private equity. >> not that there was not interest from the private sector, but that there was better from the public. >> higher valuation. a defense of where they price. they depends on where priced of their world hold a majority stake in the company after public, but it will not be as substantial as it was with hilton. >> they brought it back $3.4 billion. bloomberg west is up next. ♪ >> live from pier three in san francisco. welcome to bloomberg "west" where we cover innovation, technology and the future of this mess. i am emily chang here with cory johnson. for-profit colleges heading online. questions about what kind of education you are getting. at technologyk and education. billions of dollars flowing into for private institutions online.

not a fan of excel lon's management but this does make strategic sense.the few you don't have to woiry about, the supreme court ruling the death of coal in "the new york times," the epa will never allow -- mark my words, another coal plant built in the united states, never, ever. >> in light of the fact that we just got q1 gdp that grew 1.1% annualized. >> making france look very good. >> let me add one positive note here, which is, for example, excel lon is going to borrow $7 billion to do this deal. >> right. >> ebay for whatever reason is at least doing something with its cash, bringing it home, we were's not sure why. -- we're not quite sure why. we have more activity. we seem to have more of a willingness of corporations, i would argue, recently with some of the transactionionses we're look at, to do something other than buy back stock. >> astrazeneca i think is going to happen. i think someone's going to come in and buy that. the allergan. there's companies that are saying there are values here. >> pfizer will be the one that buys astrazeneca if any

you are getting it on lon from the u.s. army corps and engineers. that went to chicago. and that was paid for at a steep cost. >> it is 50 it will be on display on the national mall. we see about 7 million people a year. 350 million people will see this skeleton over the next 50 years. >> and it's free, right? >> it's a fabulous deal. it's a shared loan between the u.s. army corps and the smithsonian institution. >> dr. kirk johnson, thank you for joining us on that. >> my pleasure, thanks so much. >> spectacular. >> that's one you don't forget. >> unbelievable. >>> these guys setting off a major operation. the reason one city is now draining an entire reservoir. >> i'm bummed out. it's horrible and it kind of disgusts me. >> this is not a game. this is your drinking water. this is finished drinking water. it's treated. we don't do anything additional to treat the water. >>> officials in portland, oregon, are getting ready to drain 38 million gallons of water from a city reservoir where police caught a man relieving himself into the city's clean wat

. >> the government will continue to work for as lon as necessary to face this emergency and protect our compatritheots. >> the hunt for clus, a british submarine joins in the search. we are live in perth. >> i am an angry mother. my family is hurt. i just, i want justice. >> when apologies aren't enough, sorry for deadly defects, family members of those who died demand more information. >> we want to welcome our viewers in the united states and around the world. at least five people are dead following a major earthquake off the coast of chile. it could be felt as far away as peru. residents are told to stay away from coastal towns. some saw tsunami waves higher than two meters, and after shocks have been reported. chile's president appeared on television hours ago. declared that a number of northern provinces are disaster areas. she had this message. >> i would like to make a call for the people who live in areas to keep calm. follow the instructions of the local authorities and do everything that is necessary to ensure the security of themselves and their families. we have taken al

i think colbert is a little overtly liberal and i was jimmy fall lon, i would be very shrewd and i would moderate and emulate jay leno. >> i think colbert is going to play more to the center in politics. he's good. >> why don't they get tagged with not hiring a woman? this is gender gap -- >> they will play that. the face of obamacare, a fiasco has finally resigned, five years into her tenure, kathleen sebelius is out. we'll fill you in on the fall-out when we return. >>> today health and human services secretary kathleen sebelius stepped down. critic have been calling for her resignation since obamacare's rocky rollout. >> yes, we launched the first quarter enrollment period with health care.gov, but under kathleen's leadership her team at hhs turn the corner, got it fixed, got the job done, and the final score speaks for itself, and that's because of the woman standing next to me here today and we are proud of her for that. >> eric, you've wanted her head for several years now. you got it. are you happy? >> no, i'm not happy someone got fired -- put it this way, she's walking away, rig

they are so good at concealing they could put rev lon out of business. let's go around the horn. i know the white house is saying this is stuff we knew all along and we were just going by the information we knew, but dana what do you make of this bomb shell? >> all of us are going to have to wait in the reports in the morning when serious journalists are able -- >> how dare you? >> so they can pull together the entire timeline because it wasn't just a suggestion there's not a big deal, they are actually demonstratable evidence of contradictions that the white house is saying itself in months before. one in particular is the suggestion that ben rhodes came up with this on his own and then he wasn't even talking about benghazi but later in the email it's repeated and that subject line, benghazi, so i don't know if they think that we're really that stupid. i guess they do. and you do have to wonder where is the white house press corps and what have you done with them. the briefing did get a little more heated today and i think rightly so. when you go to the white house podium, you n

cricket is being showcased in bangladesh, a quieter revolution in france could protect the sport's lonlong-term financial feature. step up to the crease, french school children. they have cricket as part of the curriculum here as they look to the commercial of a huge population. >> the more people who are playing, the more they'll watch it on tv and the more they participant, and they make this sport a lot more money. >> reporter: while cricket pitches in paris are in short supply, and when you do find one the conditions are less than ideal. despite that there is one man who has proved deadly with one of these. >> 19-year-old french internationallally started playing at age six after moving to paris from pakistan. they held trials, and france's main hope for promotion in the cricket league. he believes it doesn't take south asian roots to become a lead cricketer. >> when i arrived from my country i was very small and i didn't know how to play. now i'm french and i learned it in france. it's just a question of desire. >> cricket's french revolution is already being televised with french

i think it's a great lon for giro -- honor for giro san and his family. >> there are big changes in cuba daniel swindler reports. >> cuban restaurants were run by the state. the sf service let's say was interesting. the food, well, the food. there's a lot to be said about cuban cuisine, easy to prepare, cheap and extremely filling. what it's not however is very exciting. but all that is changing. there is privately run trawnts in cuba for -- restaurants for some time but only a few. they kept a low profile. with raul castro loosening the hold on the economy, they are spreading. >> translator: when we make a dessert or main course we say that's how our mothers or grandmothers have been doing it, traditional. but now there's more ingredients. >> he fought in the cuban revolution and then became chef to former president fidel castro. brother and sisters martinez are at the forefront of the boom in havana's cuisine. they are meeting at their place while he runs one of the havana's best. >> people are trying new dishes, experimenting, visiting new restaurants with new styles, different dishes

a lesser extent with stal lon and the communists.tried to wipe out christian beliefs and philosophies. this will be like that worse than that? >> it will be worse than that. i want to be clear to say i am not saying president obama is the antichrist. he will have higher poll numbers at least in the beginning. i believe he is conditioning people to accept government tal over reach. that's ten years from now or a thousand years from now. >> he doesn't constantly know that? hat the government should be large and should impose a certain lifestyle on the nation would make it easier for some down the lane to abuse that. >> you have one obamacare example. >> i am talking about enforcing the hhs mandates. he is going after the lines. >> for telling them the government can impose a belief that birth control should be paid for by people who don't like it. >> not only birth control. we are talking about abortion introducing drugs. abortion in and of itself is evil. president obama is without apology the most pro abortion in history. we are cond

i think colbert is a little overtly liberal and i was jimmy fall lon, i would be very shrewd and i wouldate and emulate jay leno. >> i think colbert is going to play more to the center in politics. he's good. >> why don't they get tagged with not hiring a woman? this is gender gap -- >> they will play that. the face of obamacare, a fiasco has finally resigned, five years into her tenure, kathleen sebelius is out. we'll fill you in on the fall-out when we return. mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protecon. and because usaa'commitment to serve current and former military members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. introducing the more everything plan. our best ever plan for families. four lines for only $160 a month. including 10 gigabytes of shareable data. 25 gigabytes of cloud storage to connect all the content

the acting president has promised the groups won't be prosecuted so lon as they lay down their weapons. but as kim reports, the demonstrators have is so far rejected the deal. n may say is is their domain, an inspected republic representing the people. the offer of an amnesty quickly refused by nose at the top who say they would rather face the use of force. >> we are living from one statement to the next, what can we do? we are not ready to step aside, and the people here are not ready to either. >> the off came from interim president, speaking in parliament he said of prodecember tors leave state building in the east, they won't face prosecution, and as part of the deal they could gain more control. we are ready to consider the issuer of reform, and expanding the rights of local council, including the creation of local executives. we are ready to take that path, so that the regions will also be responsible and not just refer to what is going on in kiev. profess tors say it is the authority that should be listening to their demands and not the other way around. >> they say they don't

when we look at the 7,000, 8,000 years, we are much cooler than the lon-term average. when we hear the mantra, what's the hottest decade on record. what they define is merely the past 100 years since the little ice age ended. in a long-term context and appropriate context we are quite cool. john: here's what you're president says about skepticism like yours that dismissed the promise of renewable energy. >> some of these folks want to dismiss the promise of solar power and wind power and fuel-efficient cars. they make jokes about it. they were around when columbus set sail? they'd be charter members of the flat earth society. >> i got to respond to something james said, the idea that global warming, climate changes is good for you. go to the folks who lost their home in hurricane sandy, which james believes would be worse. >> let's compare the number of hurricanes now versus 30, 40, 50 years ago. the number of hurricanes is declines. you want people to believe there's never been a hurricane before. we see many more hurricanes like hurricane sandy. hurricane sandy was c

of the leaders and after north korea ordered all men to get their hair cut like this guy, a salon in lonof him with a caption, bad hear day? two reps from the north korean embassy were not amused and stopped by the salon but the manager refused to take down the photo. >> irs issues have happened out hundreds of millions of dollars in refunds a millions of americans scramble to file before the midnight deadline. jerri willis has last-minute tips and the good news we mentioned about your tax return. that's next. >> tax day. best day of the year. if you decided to put off filing your return you're not alone. one out of every four americans waits until the last minute. the irs reports it's received nearly 100 mille?ñ?ñ?ñ?ñ?on taxs uz far. and the agency predicts&÷ñ?ñ?ñ?r 35 million will file by mid-michigan tonight. er is irofficials say they have handed out more than $219 billion in refunds for the 2013 tax year. the average refund is $2,800. jerri willis is joining us now with last-minute tips. new deductions. >> we want to reduce what we're paying. if mom and dad have kids in school and y

christian and a proud ethnic group that chase it its heritage and native language aramaic to ancient bob lones to reminds his passengers. >> we are aramaic. jesus spoke our language. >> reporter: in iraq, estefan had to keep his christianity quiet. but here in chicago, in his taxi, he proudly displays it. >> reporter: and i see you have a crucifix here in your car. >> what do you mean? oh, thank good. i am christian all the time i put it there all the time. >> reporter: that pride and his fear that his faith would end his boxing career in iraq, led estefan to leave his trophies behind, pack a suitcase and flee. first for neighboring jordan, then to greece, he was thinking about going to australia next, but then a young woman caught his eye and his life took another abrupt turn. >> she say my family, they are in america, and i am going to go to chicago. and we are going to stay in chicago. i told her, what do you think you want knee change my plans? she say if you love me, you can come with me. i say, okay, i am going to change my plane. i was changing my plane from a a to chicago. >> reporte

he allegedly used two knives with blades up to 10" lon to slash and stab 21 students and a security guardany here at franklin regional are being called heroes including the assistant principal and a student who helped tackle the suspect. >> mr. kingpinned him down and i held him down. >> reporter: gracey evans whose friend was stabbed during the five-minute attack tried to help a classmate from bleeding to death. >> a got paper towels from a friend and i just kept pressure on it for about maybe 10 minutes. >> reporter: investigators are analyzing hribal's computer for clues and looking into reports of a threatening phone call between the suspect and another student the night before the rampage. in murrysville, pennsylvania, susan mcginnis kpix 5. >> hribal is being held without bail and authorities plan to prosecute him as an adult. there's word that after his arrest, he made comments suggesting he wanted to die. >>> a chilling photo in terrorist magazine is hitting home. kpix 5 reporter cate caugiran reports from the newsroom with details of the possible threat. >> reporter: we want to m

liz: i know you long enough you don't panic, you always look at the lon long-term, but anything abouthe weak behavior? this whole week has been very volatile, big jumps, big drops. anything making you reassess how you are allocating or suggesting our investors invest? >> not really. it is not all that unique. in 19% correction concentrated in and around the second quarter. as extreme is a 38% correction in the 74, but it is every single mature election year since 1962. once you hit those lows a year out every time you have a significant rally. there is this very common path for the market of correcting the early to middle part of a midterm election year, so we may be repeating some of those patterns. liz: again we are hitting session lows. the most recent one down 272, only dow 30 stocks but down 280 points. 100% right, it could get very rocky, stick with us, we will walk all of you through what is appearing to be a very ugly day. the sectors might hold up best in this volatility, as you say it could continue. >> if you want to trade around a protective phase it is obvious to say hidi

there are speculations from the fire department the they believe that this fire started by some hot lonmorris. there was no one there at the time and they got to the point where this fire became very hot. they had to call for backup. within 40 minutes, the good nils is that there were no injuries to report and the road behind me should be opened at any moment. >> will tran, kron 4 news. and >> new this morning. a pedestrian is dead after being hit by a car while crossing the street. this happened around 11:00 p.m. last night in front of the mcdonald's on van ness avenue in san francisco. police said the driver cooperate with police after the crash, has a clean record and investigators said they do not suspected he was impaired. >> one person is dead in a crash that close a napa valley highway for hours. this accident happened on highway 121 near duhig road around three dirty p.m.. a least one person was rushed to hospital, they died later. that person's identity has not been released. in concord, a car led police on a high-speed chase through three east bay cities. they were pursuing a

federal government that it's very hard for them to grow the way they used to it's very hard to get a home lonou have to probably sign 40 different pieces of paper the litmus test for passing the grade is unbelievable. so, you know, we wonder why housing is doing what it's doing. how getting a mortgage these days. >> explain how the media gets all lettered up about millions and billion dollar fines and morkt pro deposs yeah, ok, great. that's news. so what? why is that? >> it's a one-time event. you don't penalize the stock like that. >> to be fair, it feels big for some banks. >> we're penalizing the shareholders who have nothing to do with this. that's unfortunate that the shareholders suffer when the banks business went down the drain. >> so you're equating that dollar for dollar that was buy-back? or shared >> yes. the shareholders have been hit multiple times here. i think we're still early on in the mna wave and the i.p.o. wave. if you look at the number offense the i.p.o.'s, it's half of the market. and things are building. we're going to reach that point but we're not there yes. >> a r

. >> tell them too lon to log on y the ride.much better publicity than you do. >> panasonic has been making award-winning video products. stuart: but you are late to the game. we're going to change the game. stuart: you're going to have somebody put the video on youtube. >> we think it offers double the resolution of our competitor product. when you are recording, it will record 30 frames per second versus 15 frames per second. double the resolution of our competitors. stuart: if i jump off a cliff wearing one of these things and it is recording, people in uganda can see me. what is the power source? >> it has a built in rechargeable battery. about three and half hours of recording time. stuart: you are late to the game, that is an interesting product. >> the future looks very good for panasonic. stuart: thank you for joining us. we will follow it, thank you, sir. harry reid verbally attacking women with cancer? extremely toxic comments. my take on that is next. he has a lot of explaining to do. mr. reid. i ys say be thman with

direc-t-v's three-month- lon >> dispute with the weather channel is now over.annel will return to direc-t-v lineups today. the dispute centered on subscriber fees. the weather channel said direc-t-v refused to give it a slight per-subscriber fee increase. the company said it wanted the channel to accept a rare fee decrease because of cost pressures and dissatisfaction with the channel's taped programming. the companies did not say what happened with the fee negotiations. >> the time is 9:41 a.m.. here's a live look outside the richmond san a fail bridge.san rafael bridge. @?a >> welcome back. the fog is still there, here is a live look from the san mateo bridge. the east bay--you can see it is pretty overcast that at least in this park. the other picture is from mount tam camera. the marin layer is laying low and this is causing delays for arriving flights to san jose. oakland and san jose is called time but if you have any flights out of sfo call ahead. that slide may have been delayed. >> the temperatures are warming up gradually. livermore is right near the

people who say the government's handling of the situation is making the country look bad joomplet a week lon nevada cattle rancher appear to be over. yesterday about 300 head of cattle were returned to the rancher. the cattle had been rounded up by the biewr over land management because he did not stop them from grazing on federal land. the bureau of land management says bundy owes a million dollars in back fees for the gradesing. it's unclear what will happen if the rancher allows the grazing again. >>> a suspected robber picks the wrong target. how one man fought back and why he says he wasn't afraid. >> keeping school children safe in the wake of another rampage. the message local school districts are using to protect your child in the classroom. >> the clouds are clearing. temperatures are warming. [dad] [laughs] [boy] mom! [mom] yes? [boy] whoa,whoa,whoa... [mom and dad] [laughing] [boy] whoa,whoa,whoa... [mom] you've got two left feet,boo. . >>> there's nothing left there. >> a popular east bay furniture store goes up in flames. people driving by on i-80 reported seeing giant balls of

this book mortgaged their house, sold their clothes on ebay, they got a job as an intern, they took a longs. it's in the doing, it's not in the head. you all know at that. >> is the one thread that you found most interesting for the fact wherever these women were in their lives it's about achieving something they were passionate about. >> and that they wanted to do it. there are ways to do it. find a friend to do it with, do it with your husband, with your son, go intern someplace and learn this job you want it do. we do this in the television station all the time. if you want to be in a certain business, you need to be around it. >> reap what you sew. any regrets, marlo thomas? >> no, i hope not. >> well, you were in love with me when you were a little boy. i got more marriage proposals from 6-year-old boys. >> i'll protect you from don. >> i don't need to be protected. >> this book is called "it ain't over." we'll be back with "morning joe" after this. [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kid

and -- or i should say time inc, excuse me, with this debt offering of unsecured senior notes and a loncted they would take that debt, jettison them along with that. >> news corp did not load the -- >> no. news corp -- >> very significant. >> news corp sent it off with a good amount of cash. this is -- you want to pay your special dividend to time warner. the way it works. lands end, this is how these work. but it's not going to be leveraged in any way. >> time warner will buyback presumably more stock with a great buyback. i want to ask david a question. you follow this industry well. david letterman retires. you see -- you worked for nbc so you can say why is talking up fallon? does it matter, does it matter in the vast scheme of things we read these articles about the ratings, i mean cbs, does cbs actually get hurt here or isn't it just really the packaging of all their longer term dramas and comedies? >> yeah. there's not a great deal of impact. obviously you don't know what's going to replace letterman from that loss conceivably when it comes in 2015. i mean at the margin, but no,

words, as they contemplate how we should move forward on the house provisions that have been passed as lon pas the larger justice for all act. by authorizing the debbie smith act and later the larger justice for all act, congress can continue doing our part to help people like debbie smith heal wounds, repair lives, and make our country a safer place. mr. president, i yield the floor. and i' i had i'd suggest the aba quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: quorum call: mr. sessions: mr. president? the presiding officer: the senator from alabama. mr. sessions: i would ask that the quorum call be dispensed with. the presiding officer: without objection. the clerk will report the nomination. the clerk: nomination, the judiciary, michelle t. friedland of california to be united states circuit judge for the ninth circuit. mr. sessions: mr. president? the presiding officer: the senator from alabama. mr. sessions: i just share with my deletion some recent -- my colleagues some recent developments that i believe are important on the immigration front.

the koch brothers aren't concerned about the lon long-unemployed families. these billionaire oil bear rones don't care about working women being deprived of fair wages. mr. president, my daughter or your wife, they can do the exact same work as a man but get 77 cents where the man gets a dollar. we want to change that. koch-driven republican congress refuses to allow us even to have a vote on it. here in the senate they have started filibusters time and time again on this issue. in the house they won't have a vet on that either. mr. president, as the senate turns its attention to increasing the federal minimum wage, which we learned to earlier today, is there any question that the republicans will once again do the koch brothers' bidding? of course not. $80 billion in is not enough for these two brothers. evidently, the kochs feel that $10.10 per hour is too much for a hardworking american with a family to take care of. if a person works 40 hours at $10.10 an hour, it i you're no r in poverty. they refuse to allow millions of americans the opportunity to get