we're also foe lowing what the feds call the most lucrative inside trading scheme ever. we go will to the formal announcement by the charges of the u.s. attorney. we will take you there live as well. but first, we meet the traders for the hour. steven weiss, joe and john naje najerayan, so a lot of digest. steve, you have this market rally, trying to go for a third straight day. going to be listening closely to the fed chairman in new york. >> i don't think bernanke is going to affect the rally one way or the other. what's driving the market is optimism over avoiding fiscal cliff and a deal, so the caution i would offer is that negotiations are going to make their way to the headlines and just be prepared for volatility. i think now, this allows us to move higher because the big decline we have, but at some point, you've got the say okay, we're going to get some big sells in front of the new tax laws. we've seen big dividend payments. you also have to watch dividend stocks, but it's not going to be smooth sailing going forward. >> joe, you can get some clues today on fut

. >> cigarette smuggling is as lucrative or more lucrative than smuggling drugs or guns. >> sean benedict handled several cases in our region. the scope of the problem is into the billions of dollars with big organized crime and groups with links to terrorists cashing in. atf agents stop to this town car in richmond loaded down with 1800 curtains. >> the more organized they get we have seen these links of human smuggling. -- to links to human smuggling and weapons. >> this will end up here within an evidence room. >> the profit is so large it makes people want to do it. >> this couple is likely catering to a small group of clients. the penalties are not high. these two will get a fine. >> with huge profits that is not enough. >> my opinion, probably. we often get repeat customers. >> interesting. you learn something new every day. a well-known celebrity is diagnosed with cancer. >> she is talking and we will have the latest on her prognosis. >> the famous actress is in town to make a movie but the production around it caused a huge traffic jam in montgomery county and it could tomorrow. w

the newly inducted 11 estate owner is about to play one of the most lucrative roles of her life. now she has to do is learn french. >> the word "austerity" is a word everyone is tired of hearing in europe these days, but it is the mantra of so many european governments forced to make savage cutbacks in public spending to try to save their countries from financial meltdown. the response is more and more protests on the streets by despairing citizens. well, of course, portugal has been one of the country's worst hit by the crisis, but the portuguese people seem to be quieter than many others about their fate -- until now, that is. as the portuguese government tightens its belt even further, to be able to qualify for international bailout, the patience of the people has snapped. now even the army is accusing the government of the trail. -- of the trail. a silent march by thousands of people through lisbon is an unusual demonstration. these are portugal's soldiers, rallying to show their discontent at the government does the planned cuts as part of the 2013 budget. usually, members o

create a huge market player worth at least one hundred fifty billion dollars now we know it was lucrative they made a lot of money with it inc a b.p. deal we know that but it was also a rather choppy relationship as well so why would be pay want to go back into business with ross f. now what's the difference going to pay well definitely if they do go ahead a means to early to say it's just maybe on the table in a couple years. but for now we can just say that b.p. has definitely learned a lesson from the kind of experiment where they tried out with this fifty fifty joint venture but it's kind of a slow auld model when the both companies both sides of the company are represented equally so it kind of really slows down all decision making in the company so they probably want to. go to some kind of other model and i believe that would be some kind of partnership either an acquisition or just a partnership where b.p. provides technology and investment gets a different payback from it to major interesting stuff thank you very much indeed for that we're going to check out some markets now with

. >> >> at 11 we go undercover to see one of the most lucrative smuggling rings in the country. it is guns and cigarettes. how this crime has exploded and how agents are fighting back. >> we got a break in the cold weather today. >> it will be very nice. still chilly tonight. clear skies and lighter winds. we will drop to about 34 the average week of temperature. it will continue on the cool side. the average time is 61. lots of sunshine over the weekend. 64 and saturday, 67 on sunday, and monday, veterans day observed, in the upper 60's and cooling off by tuesday. bob will have refresh update for you at 11:00 p.m. >> abc world news is next. >> we will be back 11:00 p.m. cnn. have a good night. -- see you then. captioned by the national captioning institute

just as lucratives the 26 trades.y could be san francisco employees, who work for the city, somebody like me for example, that could maybe talk to someone tod$éa:q=ó[ lo, let's do just a little bit more? and help these veterans find work, whenhuñ?ñ?ñ they're cominf the military because at the military relief centers, they give you your paperwork and then they ask you if you want to become a reservist. and that's it. so it could be somebody working at the military relief centers and say look we've got a number of apprenticeship training programs here that you can go into, or if you want to use your moneys that you saved up while you're in the military to go to clem, a four year university, you can@ñ?ñ? do that as well buu have people who want to go straight to work, particularly those with families to raise. so if this commission could have a conversation about just a little bit more that you can do to help the veterans coming out of the military, the veterans who are homeless, and the veterans coming out of the priso

. >> reporter: and it was lucrative for shoppers and merchants. >> some made their sales plans by 11:30 this morning. >> reporter: the outlet is open until 11:00 tonight. you bet they will have traffic controls to help ease the congestion over this 4-day opening weekend. >> i think a couple of teenagers at home will want to go, and they're not going. >>> let's hope they have scarves at 40 to 50% off, because you'll need them. nappa is at 49, valejo at 50. the only saving grace is the clouds. it will act like blanket and keep much of the bay area above 30. some rain showers toward clear lake. snow showers tomorrow, snow showers for mount st. helena. the tops of those peaks may see some snow mixing in with the rain. a huge counterclockwise swirl in the atmosphere. showers are back tomorrow. slight chance of a a thunderstorm. maybe some small hail or ice pellets mixed in with the rain tomorrow. sounds like winter, doesn't it? on and off rainfall tomorrow. and when we clear things out, saturday night and sunday night, widespread 30s. highs tomorrow, 50s, mid 50s. 57 for freemont, hayward,

thankful for what is essentially a low compensation package and shoppers coming in, and maybe offer lucrativevertime for the crazy shoppers shifts. and they would then be signing up to face the crazy shoppers. that's the way it get out of this and avoid butting heads with the workers. >> okay. toby? >> well, unfortunately, a lot of jobs at wal-mart are what we would call low skilled jocks, you don't have a lot of choice was low skills. get higher skills to have more opportunities or let somebody have the job that you don't seem to care about. >> as a shareholder of wal-mart, i think they should be open all day and have them open at 8 a.m. why are they waiting so long? >> oh, my gosh. we'll have to see you there in line. all right, guys, thanks a lot much. thname is shortened the gas lines and prevent the u.s. from ever seeing them again. >> predictions. toby, you're up. >> all right. generac is the generator that allows the gas stations not to close down and have power. i like them for homes. the next couple of years. >> brenda: a bull or bear. >> a bear. too much debt and the earnings are pr

for the south american gangs, guginsky says boosting is a highly lucrative, low-risk criminal enterpriseou arrest somebody, are they cooperative? >> for the most part, no. they're trained, and they know exactly what to say, what not to say. you won't even get a name out of them. >> but he does get a picture. these books contain mug shots and surveillance photos of 2,500 south american gang members known to be operating in the united states. all of them have been arrested at least once. almost all of them are in the country illegally and have a number of different identities and aliases provided by the organization. >> and what they do is they come here, and they'll either do jewelry theft or boosting, and they'll work for six months, and they'll go back to their country where they take that money back to a south american country. >> sergeant tony ojeda of miami's dade county police department, has been following these groups for 14 years. he's arrested and interrogated hundreds of members, and he says they have one thing in common: almost all of them started off as pickpockets. >> that i

determined to fight to save the forest, but local forestry officials are not willing to give up a lucrative contract with a lumber company. >> as mayor, all i want is for the loss to be of help. nobody can stop me from doing that. >> almost half of the logging is carried out in protected areas. what is needed is an independent forestry authority and an alternative source of income for residents. without that, large parts of the carpathian mountains and europe's last remaining intact forests could disappear for ever. >> that report wraps up this edition of "european journal." from all of us here in brussels, thanks for watching. good bye for now.

in gabon, the most lucrative thing they extract is oil.ities: but gabon suffers great income inequalityle make a lot more than most. and their wealth comes from non-renewable resources-- not a viable long-term strategy. so the challenge in gabon is sustainable development for all of its population. located in the equatorial rain forest, gabon is very sparsely populated. for many years, the main part of its economy has been based on the export of unfinished products. in the colonial period, equatorial africa relied on primary economic activities. gabon, for instance, harvested timber, ivory and rubber. since independence, most income still comes from the export of raw materials. in the interior of the country, the principal activity is forestry. camps are installed to house the workers. henri mapaga-koumba, a gabonese geographer, travels to one of these forest sites. ( speaking french ) translator: here we are in the heart of the gabonese forest. this forest represents 87% of the territory-- that is two million square kilometers. when gabon gained independence in 1960, timber exports rep

dangerous even deadly but lucrative. fracking is now underway in thirty four states in the u.s. . and urban cowboy tyler is just one of those cashing in on the new energy good one of four with three. right place . it's great money like i said it is a lot of stuff once you decide to do it once you get in full force with it you go to an all around you know not when i was younger i always that never have been able to get taste that money. tyler he is working on a drilling rig just a few miles from the dallas fort worth if. and just a stone's throw from new housing to go it's. any kind of leaks and like that are a big hazard but you know if. there was a problem on location if say somebody like sparked a lot or in the wrong place or you know a spark was was discharged from like a piece of equipment in this well it's good to say that that gas is not going to die and i don't think the ground it will want to get it was up around the airport. and that's the rub there's a lot about what's happening under there that has people worried. and has the oil companies on the defensive. certainly th

the contracting business in iraq is very very lucrative. i was getting really angry i mean especially because i knew that a lot of these prisoners that i saw with ease injuries from from abuse and torture really hadn't done anything they were part of the insurgency they were just picked up for no reason at all who were interrogating taxi drivers and pizza delivery guys . it was just you know we call them average off it using methods such as torture and also using people who are not qualified to do this job has resulted bad information and therefore. problems for national security and for the soldiers because you're you're getting information that's no good in a lot of areas where you start noticing a lot of you know a lot of hostility against american soldiers it's not because the soldiers are doing a lot of long things it's because something maybe the communication that had been transmitted to them is going to transmit it to them probably and professionally as surface so most of us interest these i think they wish they were i think his lon

. >> it is not the most lucrative job in the world and i thank them for their continued support in what they are doing. >> how generous. >> i know. >> reporter: cbs 5 insider points out, brown will take a $44,cut. that may be -- there 44,000 cut. >> that may be absorbed by his lifestyle. >> i think we will see if they do their job right and see where they come out. >> reporter: a 5% is minimal compared to the pay she might have been making at her old job. $96,000 less than gastone now receives. it turns out $50,000 more in pay as a member of the santa clara board of supervisors. the move from san francisco assessor to the state assembly means it $83,000 less in wages. >> most people in this, although i know they will be sad about the cut, they are not doing it for pay but pursuit of power and ambig to go to higher maces and public service they want to give back to their community. >> reporter: by themselves the pay cuts does not amount to much but he says having accepted the pay cut mace help state legislatures and the governor ask others for cuts down the road. reporting live in san fr

it's a lucrative business. the city's new middle class is affluent and health-conscious. he also exports juice to neighboring countries. but he hasn't yet managed to crack the european market. >> we sell as far as the middle east and we are also entering south africa, too. so we have no quality issues. it's a question of meeting the certifications that are required in europe. >> but plans are under way to clear that hurdle. kimani took out a million-euro loan from the german deg development bank, and bought a new filling system in bavaria, which he will provide with his juice concentrates.+ to make sure he has a steady supply of fruit, kimani has 360 local farmers under contract. in the past, a large portion of the mango harvest used to rot. now the farmers have a buyer. kimani doesn't mind that he's getting wet. quite the opposite -- the rain will bring a juicier harvest. and for kimani and the farmers, that means juicier profits. >> they can learn from what we do. we have transformed this land. this was a dry land, and now it's growing mangos plus other kinds of fruit y

. >> i know it is not the most lucrative job in the world, but i thank them for their continued supportt they are doing. >> how generous. >> i know. >> reporter: as the chronical insider points out, the governor will take a $4,4 -- a $4,044 cut. >> i think that they will just need to earn their living and i think that it is pretty good if they get a pay cut. maybe you could see if they do their job right and see where they come out. >> a 5% cut is just minimal. the move from san francisco to the state assembly means about $83,000 a year less in wages. >> most people in this, although i'm sure that they would grumble are not doing it for the bay, but they are doing it because of a variety of the factors, including the pursuit of power, the ambition. and higher places. of course, public service that they would like to give back to their community. >> don don, cbs 5. >>> well, enjoy the nice weather while you can and that the change is coming for the workweek. elizabeth? >> yes, a very pleasant weather. otherwise tonight we'll see a few clouds roll in. inland temperatures, they will stay i

not percent of the time of record profits of ricers us to the very same people that have made a lucrative and rich corporation that they now want to go to where are benefits acceptable from up want to feel the rise it should be the poster child for corporate greed because of all the money they make and what they're trying to do to us and everybody else at the bar you say it's about saving a million dollars next year but what do you think that this car negotiations is really about this car negotiation is about destroying our standard of living this is cooperation is trying to get what they want that they've been trying to get for the last twenty five years and we cannot let democrats try occupy wall street's message and on message are exactly the same corporate greatest destroying risk. that we cannot let it go we have built very close ties with the communication workers before september seventeenth we were already supporting the farm workers and they responded by supporting us we went to their last rally at the headquarters they marched back to the park with us and some of them slept ther

elmo has been a big part of the lucrative merchandising of sesame street.ccording to tax filings, royalties brought in nearly $45 million in 2009. >> whenever there's an attack on a much loved brand, there's a lot of outpouring of support as a result, almost as if the public is lining up behind the brand saying, hey, we're with you. >> reporter: for clash, it's the end of a storied career with a show he described lovingly just months ago. >> i think it's so wonderful to be part of a show that really starts a child, helps with the parent. >> reporter: today in a statement, clash said he was resigning with a very heavy heart. and hopes to resolve these personal matters privately. in the meantime, sesame street says production of its 43rd season will not be affected. chris jansing, nbc news, new york. >>> there are late new developments tonight in the house explosion in indianapolis that left two people in a neighboring house dead, and the entire neighborhood area in ruins. law enforcement sources told the indianapolis star they believe gas was intentionally r

. >> leval they have to do to get in on those lucrative contracts in the future? >> they -- the u.s. government will have to agree that they are within the standards they are supposed to be. >> they have taken a long time to get to this point. the oil spill was over two years ago. why has it taken such a long time? >> it is because bp agreed to plead guilty to criminal charges and pay the enormous fines earlier this month. the stage was set for the epa to make this contractual disbarment. >> thank you. you are watching bbc world news america. still to come, famous for their wartime adventures in the sky. it might surprise you to find where dozens might be buried. the speculation surrounding the health of the russian president, vladimir putin, is stirred again. this time by comments from the leader of belarus. he said that he injured his spine are wrestling, which led him to delay a planned hockey match. here are the details on the story. >> he drives fast cars. he pilots planes. he likes -- up close and personal with theirs. but for the moment, russia's president

. >> reporter: as for the mood, lively and lucrative for both shoppers and merchants. >> they actuallyade their sales plans already, by about 11:30 this morning, so we know people had a great day here. >> reporter: the outlet closed at 11:00 tomorrow. it's open till midnight friday and saturday nights and they will have traffic controls to ease the congestion over the weekend. juliette goodrich, cbs 5. >> people were waiting in line for swag bags. the other side of the country, people hit by hurricane sandy were digging out of a nor'easter. the new storm brought snow, ranging to two inches, where sandy hit to more than a foot in parts of connecticut. in rockway, new york, the storm left a blanket of thick, wet snow, on trees that were already weakened by the hurricane. >>> at least 123 deaths being blamed now on sandy officially and more than 767,000 people in four states are still, after this many days, without power tonight. and we want to thank everyone who donated during our sandy relief telethon today. we raised almost 135,000 for the red cross, thanks to your generosity. our pare

. >>> and could it be the most lucrative insider trading tip-off of all time? former hedge fund manager is charged with helping investors make more than a quarter of a billion dollars in illegal trades. we're going to have more on that. but first it is top of the hour. stocks hit session lows while ben bernanke was speaking. let's go to the floor of the new york stock exchange as we do every 15 minutes. nicole petallides we sold off while he was talking about fiscal cliff and what it could do to the economy. nicole: that's right when you talk about the economy and you hear your fed head and he doesn't sound optimistic that weighs on the markets. our low of the day was about 42 points below our current levels right now. we have recooped some of the losses. but still down almost 1/2% for the dow jones industrials. we are seeing it weighing. ben bernanke talking about a tough economy, talked about housing, unemployment, obviously that was a big one. and that it remains well above its long-run sustainable levels, that's not good news there. that's what we were seei

what's being called the most lucrative case of insider trading ever has been uncovered by federal authorities. the sec is bringing charges against mathew martoma for making more than $276 million. the case dates back to july 2008, when martoma allegedly learned about the results of a clinical trial of an alzheimer's drug a week before the data were released to the public. martoma made a massive profit by selling stock he owned in the elan and wyeth drug companies, as well as shorting those stocks. the sec says martoma reaped big gains when the stocks fell. groupon shares jumped yesterday after a hedge fund revealed its stake in the company. tiger global, a new york hedge fund, said this week it has a 9.9% stake in groupon. groupon shares rose as much as 13%, before ending the day at $3.38. the stock hit its all time low of $2.60 last week following disappointing earnings. green mountain is hoping for a pop in coffee sales with its latest hire. brian kelley will become the next president and ceo of green mountain coffee roasters. he most recenly served as an executive at coca- cola. he starts

the move comes a week after a former portfolio manager was charged with running the most lucrative insider trading schemes. s.a.c.'s billionaire founder, steve cohen, told clients he is confident that he "acted appropriately." well, another big company today authorizing a special dividend in anticipation of higher taxes next year. now it's costco jumping on the dividend bandwagon as a way to beat some of the impact of the fiscal cliff fallout. the wholesale club operator announced a special dividend of $7 a share to investors. it will cost the firm an estimated $3 billion. >> susie: tom, investors like the news. cosco's shares rose more than 6%, or $6, and a gain of of%. >> tom: we've seen a list of companies providing these special dividends, and we'll have more reporting on that tomorrow. today, meantime, in our market focus, some encouragement from capitol hill in the white house over avoiding the fiscal cliff. and the major stock indices head higher. the s&p 500 began the session by moving lower, hitting its lowest level of the day in the first hour. it moved into the green for the ses

. >> i bought my own lawn more and i charged $8 in one hour and had a more lucrative business workingey. a lesson i learned early i was not entitled to anything. the beginning of my life as a capitalist. >> i learned making money. john: his first job was a double decker bus. >> how to deal with drunks. the general public. i got a lot of that. punctuality. you may not be the eighth. one of the toughest jobs. i'm glad i have it. >> i worked as a page in the library. i was supposed to put the books away. i would restocked them in 20 minutes. at the micipal library said you are done? this is great. they said you were supposed to take two hours. go away. i learned i do not want to work in the public sector. >> even the work ethic teaches hard work. i had restaurant business experience, and then construction company then radio and tv. i have been very blessed. >> 13 years old you're not supposed to drive at 13. at the time they gave me my start. start. john: twins. i didn't see them comg. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i

it doesn't seek to how lucrative or costly the project maybe. it's a gate keeping measure to ensure the city doesn't spend a lot on pre-development cost on a project that is not feasible. in this case that is being borne by the warriors and not subject to reimbursement from the proposal and staff cost and ceqa costs. sorry let me go back. fiscal feasibility has five components which are listed here. so the summary of the fiscal feasibility analysis findings is that the project would generate direct and indirect economic benefits of about $19 million annually and $53,000,000.01 time in city fees. the visitors spending is approximately $60 million a year and there would be 2600 construction jobs and 1700 permanent jobs and those jobs are job year equivalent that created -- construction jobs during the three year construction time frame and those are permanent ongoing jobs that would be supported by the project. project funding we just described the basic structure. okay. for the operation and maintenance cost -- the warriors are going to assume al

. >>> here at home it's being called the most lucrative insider trading scheme ever. u.s.neys in new york announced a former portfolio manager has been arrested for allegedly obtaining secret advanced results of an experimental alzheimer's drug that netted his hedge funds $276 million. >>> federal regulators now say they will not have enough time to prevent hundreds of planned protests by walmart employees on black friday. >>> master card said holiday shopping in early november took a hit from superstorm sandy. apparel and luxury sectors were down 7% over last year. >>> research in motion just lost another customer, the national transportation safety board. federal defense, immigration and tsa officials have already traded in their blackberries for iphones. >>> the future of hostess is back up in the air after mediation with the bakery's second largest union failed yesterday, but that's not a problem for one man in oklahoma. his freezer is stocked with enough twinkies, ding dongs, ho hos, zingers, cupcakes and suze q's to last until doomsday. >>> coming up next, legal or i

the $3.6 billion deal, could help jefferies push into the lucrative mergers advisory business. leucadia is a conglomerate with a wide range of businesses from beef processing to timber. also today, sherwin williams is buying consorcio comex, it's a mexican coatings business. the price: $2.3 billion. >> susie: the united states will be the top oil producer in the world by the year 2020, surpassing saudi arabia, and russia. that's the bold call today from the international energy agency. fueling that energy renaissance: a boost in oil and shale gas because of new technologies like fracking. the group also expects the u.s. will be a net exporter by 2030, meaning we'll sell more oil than we bring in. right now the u.s. imports 20% of its energy needs. >> susie: so our word on the street tonight is "oil". joining us, gregg greenberg, reporter at the street.com. hey, gregg, i know you have been talking to a lot of oil experts today. it's kind of hard to imagine the u.s. after all these years being energy independent. what were they telling new what did you hear? look, scsi, the trend