you gave your first public shrinking freddie mac and fannie mae. i was wondering if you can talk about what exactly do you see as your mandate at fhfa? >> multiple mandates. we have preserve an conserve mandate. we have a mandate to assure liquid resilient housing finance market and i think we have a mandate to reduce -- to taxpayers. i try to make the difference between shrinking the current footprint of fannie mae and freddie mac and shrinking their risk exposure. i don't think it's our role necessarily to shrink the footprint of fannie and freddie. >> why wouldn't you want to do that? >> it's not that i'm opposed to it. we will certainly allow it to happen to the extent that the private sector is ready to step into the space. if the private sector is not ready to step into the space and you shrink what fannie and freddie are doing, then you do damage to housing finance in this country. that does damage to the economy and it does damage to the possibility of affordable housing and homeownership. >> the senate banking committee passed the first ma

. >>> did fannie mae and freddie mac just make it easier for americans to get home loans? >>> and open for business, small business owners are feeling more optimistic but does that mean more jobs and will the economy roar back? we have all that and more on "nightly business report" this tuesday may 13th. >>> good evening, everyone, and welcome. records fell again on wall street today as the dow industrials and the s&p 500 each closed at record highs, more on that in a moment. but we begin with big changes being rolled out at a company that as much as any defines the permanent blue chip, you may earn more in portfolios or funds, it contributed not one bit to the rising markets, the shares were off slightly. the ceo sat down with a rare television interview, the conversation was extensive and expansive, and david fab oer jo his us from new york city, good evening, it was a long interview, i don't think i had ever seen her on tv before. >> no, in fact, you would be right about that, tyler, she has not been on tv, certainly not with us. almost two years into her tenure, remett

we are now approaching 60 are since fannie mae and freddie mac were placed into conservatorship. much has changed since then, including the profitability of the countries, but the fundamental structure in many ways is unchanged. while congress actively debates whether and how to reform the housing finance system, the decisions that director watt and fha make are critically important in determining housing affordability and the degree to which taxpayers will bear risk in the mortgage market. director watt has been in his current job for about four months now as the regular and conservator of fannie and freddie, and a regular of 12 banks. prior to that, he was with the u.s. house of representatives for over 20 years representing his home state of north carolina after set -- serving for two years in the state senate. before that, he practiced law for over 20 years, specializing in minority business and economic development law. director watts served on the subcommittee on capital markets and government-sponsored enterprises -- director watt served on the subcommittee on capital mark

january became the head of the federal housing finance agency which oversees fha, fannie mae freddie mac, housing assets and has an influence on the housing market in this country. this week director watt gave his maiden speech in your new position. this is your first television interview. thank youthank you for being here. clea benson covers housing policy and nick is the correspondent with lots of coverage of housing for "the wall street journal." >> as was mentioned, you gave your first public speech this week. one of the things that you said is that you don't necessarily see it as the role of fhfa to be shrinking fannie mae and freddie mac. that marks a significant departure from the philosophy that was pursued by your predecessor. so i was wondering if you could talk a little bit about what actually do you see as your mandate at fhfa? >> well, we have multiple mandates. we have the preserve and conserved mandate, assuming the conservatorship part of the statute. we have a mandate to assure liquid resilient housing finance markets. and i think we have a mandate to reduce the risk exp

you will not double the price of a big mac. i don't know if it's going to go up 5% or 7% or 20%. sure, it will go up, and maybe that's the fair price. any leadership of any organization that advocates for its members and benefits from their success, there's nothing wrong with that. that's how it works with the company, too. >> yeah, i don't think a lot of those workers know if i am going to make 15 bucks an hour, these guys may take something off the top. >> the workers are being victimized here. the workers, at one point they will have to wake up and realize they are being manipulated by the unions. families on welfare particular, they live off mcdonald's, and they are feeding their families off mcdonald's, and -- >> what are you making that face for? >> mcdonald's is a dirty business. it spews -- it produces poison for the american people. >> oh, no. >> show his face. i am only kidding. what the unions are mising, this is not going after ge, you are going after small these mcdonald's are franchises. if you raise the minimum wage, it's going to lead to layoffs -- >> you have don

and this includes the regulator of fannie mae and freddie mac. many of these decisions and responsibilities are considered routine and they may go unnoticed and they are absolutely critical to the effective and efficient operation of the housing financu market. i can't touch on all of thesemas responsibilities and rum embarks today, but i do want to give you a summary of what fhfa has been working on since i arrived. and i hope that this will provide you some insight into the direction that we will be headed in the future, particularly with reference to fannie mae and freddie mac. inva in addition to overseeing our day-to-day operations, my work has of also involved in an overe assessment of fhfa and this includes the tenacity and dedication of the employees ofna fannie mae and freddie mac to continue to stay the course during these most difficult and uncertain times. and i would be remiss not to acknowledge and thank the staff for their hard work. this has been a constant urgency since the financial market and it has been a marathon. but this ha

has this guy mac lamore apologized for this?id written apology where he said this is not who i am. the who know me know i know nothing by it he claims he had no association whatsoever with any jewish stereotype when he put this costume on. some people said he looked like abe lincoln and ring co-star. he claims that he had absolutely no intention to be in any way negative towards jewish culture. >> why is he apologizing? >> because is he sorry that he offended people because there was a certain amount of outrage. there was one segment on cnn. the five did something on it. major outlets did not cover this story. there was enough out there and on blogs, huffington post and the like so he felt like he had to respond. >> i'm going to give mac lamore the benefit of the doubt here because i don't know the guy and -- >> -- from everything he said, bill, i believe him, too. but what it proves to me is that is he clueless about sort of cultural stereotypes and history. he says he didn't know there was any such thing as antidefamation leag

we are now approaching 60 are since fannie mae and freddie mac were placed into conservatorship.uch has changed since then, including the profitability of , but theries fundamental structure in many ways is unchanged. while congress actively debates whether and how to reform the housing finance system, the decisions that director watt and fha make are critically important in determining housing affordability and the degree to which taxpayers will bear risk in the mortgage market. director watt has been in his current job for about four months now as the regular and conservator of fannie and freddie, and a regular of 12 banks. ther to that, he was with u.s. house of representatives for over 20 years representing his home state of north carolina after set -- serving for two years in the state senate. before that, he practiced law for over 20 years, specializing in minority business and economic development law. theker watts served on subcommittee on capital markets and government-sponsored enterprises -- director watt served on the subcommittee on capital markets and government-spo

a little bit lighter than the mac book. obviously still in the market to replace the laptop, make it a substitute for the laptop as the headlines come in. we'll talk to jon fortt in a moment. >> he's been tweeting that it's thin and light. if you want to follow @jonfortt, he'll have updates from the event. >> the lightness means a lot. if the operating system lets me be ubiquitous between a laptop -- for example, can i run my financial compliance software on that surface pro, the new version -- i would be inclined to swap out keypad-based laptop for it. the whole thing, carl, is the weight. you know? carrying all this stuff around, it's a killer. >> yeah. >> so apple's done a great job of making things like, but i don't like the ecosystem for financial services. maybe they have a winner here. >> it looks like it would be lighter than a 13-inch macbook air. >> okay, i'm interested. i'm interested. so bring it out. let me try it. >> yeah. believe me, you'll be getting your chance in the near future. we'll keep our eye on that

it's the mac book. you already own. >> sweet. >> starting at no dollars. apple, you're good for now. [ cheers and applause ] [ applause ] >> here is a story that -- that caught my eye. this happened up in ottawa. a man up there has been exposing himself in public. can you ex-poe expose yourself private. i don't think you can. technically no. behavior was a surprise off to people who know him. maybe it shouldn't have been. >> police charged an ottawa man with indecent ex-pope sure after several flashing incidents over the past two weeks. 62-year-old donald popadick is charged with indecent acts and mischief. >> rough week for donald. donald popadick. popadick, is also the least popular game at chuck e. cheese. we'll take a break. when we come back this afternoon i paid a visit to my friend at legends barber shop here in l.a. to ask them what they think about the donald sterling situation. and kathy griffin is here. tony hale its here and music from france ferdinand. so come back -- ♪ ♪ [ cheers and applause ] ♪ ♪ ♪ ♪ gigantic, gigantic, gigantic ♪ a big, bi

are now approaching six years of fannie mae and freddie mac placed into conservatorship. ways, there are fundamental structures that are unchanged. the regulator and conservator of fannie and freddie and the , prior to that, a member of the u.s. house of representatives representing the home state of north carolina. lawre that, he practiced for 20 years specializing in minority business and economic development law. the director served on the subcommittee on government-sponsored enterprises and financial institutions and consumer credit on the house financial services committee. he also introduced anti-predatory lending legislation to combat the mortgage lending market. with that short summary, i am glad to let him take it away. question andve a answer session and we will open it up to you. that panel will be nominated discuss fannie and freddie's role and the roles pending in congress. please join me in welcoming director watt. [applause] >> good morning. good morning. that's good. let me start by thanking the folks at brookings for hosting us. his kinding ted for introd

to get your take on what is going on with freddie mac. they are loosing some of the mortgage lending rules, limiting the amount of mortgages that can be subject to put back. is this a good thing in terms of getting banks to extend more credit? >> whether it is good or not will depend how it is implemented. one of the problems is fannie were not putting back mortgages when they should have. at this point i think it makes sense to be loosening a little bit. the new director of the agency is giving a speech today, and i would expect as part of that that we will see overall loosening on fannie mae and freddie mac to support the housing market. >> james lockhart, richard claret jug. diving into the pimco new neutral here. >> begs the twitter question of the day, five years after the recession, what is your new normal? treat us. -- tweet us. >> not neutral. cloud it.not want to maybe your new normal is the new neutral richard is talking about. >> very good. company news. >> starting with first quarter profit almost doubling and airbus. the worl

punter pence takes him to big mac labdz -- big mac land. they won eight of the last nine. angels and josh donaldson is everywhere. it is head on a stick night. here it comes and there it goes in the first. brandon moss with a grand slam. 4-0 athletics. the real josh donaldson. he thought it was a double, but it was gone. head on a stick and wipes his hands. neatness counts. and then he throws off the speedy in the first. dan on a stick and i can see that on abc7. his second homer of the game and four r.b.i's. college ball stanford ncaa state. a complete game and struck out six. jack klein with some pop here. cardinals win it 8-1 and will face indiana tomorrow. the moim me heat -- the miamioi. lebron is back in the nba finals. female narrator: sleep train challenged its manufacturers sleep train challenged its manufacturers to offer even lower prices. but the mattress price wars ends sunday. now it's posturepedic versus beautyrest with big savings of up to $400 off. serta icomfort and tempur-pedic go head-to-head with three years' interest-free financing, plus free same-day

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>> nobody is safe from a hack but we're all in no danger from big mac attack.s remember that charlie. >> you're still on the mcdonald establish thing. >> there's nothing better than a freshly cooked mcdonald's hamburger. >> that's true. absolutely true. >> apple, we don't get viruss or have any of this problem? we are hack proof, virus proof, vomit proof and now all of a sudden they're fair game as much as anyone. >> because of that was part of the bragging rights of owning a apple product. >> do you follow me? >> and what did they find out? do you know what i mean. >> the more likely it's going to get hacked and i say it's part of our way of life. have your data backed up somewhere. get over it. it's just a little ransom. >> i find it interesting. >> some people can afford it. >> i really do find it interesting this week because everyone is talking about the internet, 1984 there were a thousand devices connected to the internet and in a few years 50 billion. your clothes, your glasses, your refrigerator. >> 50 billion? >> 50 billion devices will be registered

punter pence takes him to big mac labdz -- big mac land. they won eight of the last nine. the a's and angels and josh donaldson is everywhere. it is head on a stick night. here it comes and there it goes in the first. brandon moss with a grand slam. 4-0 athletics. the real josh donaldson. he thought it was a double, but it was gone. head on a stick and wipes his hands. neatness counts. and then he throws off the speedy in the first. dan on a stick and i can see that on abc7. his second homer of the game and four r.b.i's. college ball stanford ncaa state. a complete game and struck out six. jack klein with some pop here. cardinals win it 8-1 and will face indiana tomorrow. the moim me heat -- the miami heat joined rare company. lebron is back in the nba finals. tandscount these days.dollar count these days. that's why they have lots of ways for you to save. real big club card deals, the safeway app and gas rewards. this week, large, red seedless grapes are just $1.99 a pound. foster farms fresh whole chickens are only 99 cents a pound. and gatorade is just $3.99 an 8-pack.

the only shop at the mac an episode of your politics christoph to state their opinions on how it went good today. i have a winner they look awesome. while its democracy. real political debate. it's the first time in history the european union candidate for president of the commission on knowing that they say will help to discuss the policy options and the practice can make a choice. or is it easy to use it. stephen kearney the man behind the medal table pessimistic. yes it's true that there's been a debate and pensions names of the midfield with amy and ethan off to the section final convinced that also featured the open to see how that iraqis will be china's an uptrend has been selected the court will have to be negotiations and that unfortunately pickles will remain christ. he watched the debate in full and get more in depth analysis from this deviant guests to our website to your unused are calm. if you put a situation in eastern ukraine remains tense with assassination attempts kidnappings occupation of buildings in exchanges of accusations between russia and the west for that wit

freddie mac says the average interest rate now for a 30-year fixed conventional loan fell for 4.12% and that is the lowest since early november. >>> also out today, solid quarterly earnings from freddie mac and fannie mae and even better news from the u.s. treasury. the strong earnings will allow the two government-run mortgage giants to pay back uncle sam more than $10 billion in combined dividend. >>> and new legislation in the work that would stop so-called corporate tax inversions. that is when a u.s. company reincorporates overseas to avoid paying the higher u.s. corporate tax rates. democratic senator carl levin of michigan is working with other senator senators on a measure that will close a gaping hole in the u.s. tax code that he says would devastate federal tax receipts. the practice came to light recently when pfizer bid to acquire britain's astrazeneca and said it intended to move to the u.k. to take advantage of that company's lower corporate tax rate. >>> still ahead on nbr, how traditional media companies are tra transforming themselves to stay focused in the industry and

i will be checking dell mac tracking scattered showers across the region for tomorrow. all in the light side but we are expecting a change for thursday. current numbers it is 62 in walnut creek, san francisco currently 52 and santa rosa checking in a 67 degrees with gusty winds out there. winds around 15-25 miles per hour. the gusty winds in our forecast for tonight. here's our life camera looking out toward the bay bridge in san francisco you see a little bit of a chop on the bay water to reflect the windy conditions out there. tomorrow more clouds, were talking about that shower chance and the weekend a big change once again. lots of sunshine temperatures soaring both for saturday and into sunday specially by sunday. overnight lows to start out your thursday morning, widespread 50s out their cool spots will be in the 40s. a lot of cloud cover and also some patchy drizzle out there. here's a weather system were watching the cold front approaching northern california. so for tomorrow we do bring the cloud cover and the chance of some showers. we'll have that forecast co

witnesses say the pilot managed to climb out of the sid the mac single engine aircraft. it was taken to the hospital be checked out. no one else was on board and no one was inside the house. fire fighters said the plane was towing an advertising banner. >>> two quakes both registering six-point oh hit thailand and japan today. the one in japan was the strongest since a 9.0 quake and's nonmeat two years ago was felt across a wide area that country. officials reported minor disruptions in transportations in tokyo but appears there was no damage to buildings. the quake in japan was centered about 60 miles south of tokyo and it was deep. the quake that rocked northern thailand was relatively shadow and was felt as far away as bangkok and emr. it did cause damage to buildings and roads but no casualties have been reported. >>> investigators say they think a snap clip may be to blame for circus accident that seriously injured a dozen performers and rhode island yesterday. before we show it to you should know the video we are about to show you could be considered graphic. eight

you have these trashed houses that freddie mae and fannie mac own. that only leaves a cash buyer. host: how is the housing market in atlanta? caller: it is great. you can show up at the courthouse in by a couple houses for 30 or 40 grand that you can probably sell for 80 to $90,000. host: thank you for that. what response do you have for that color? -- caller? told --e have been talking to folks may atlanta market were nervous that the investor interest is so when these big private equity money that is coming in and buying up properties as rentals, the concern is, if and when they pull out of the market, the market will experience a downturn in atlanta. number onethe market, when we look at our data, for these institutional investors. sales is goingl to one of these big institutional investors in atlanta. countrye most in any mesh any county. the 20 three came mortgages, one of those hidden gems is not available to investors. in and buy a to go property and get money for the rehab. it is suitable for properties that are highly distressed and need extensive rehab. in and get the pu

booktv.org. >> congress is considering legislation to reform mortgage lenders fannie mae and freddie mac. on "washington journal" two banky industry members talk about the proposed banking rules. >> joining us now at our table, dwight fettigment the former staff director for the u.s. senate committee on banking, housing and urban affairs, from 20 to 2013. also joining us, andrew olmem, the topic is, probably known to viewers fannie mae and freddie mac, first of all, to both of you gentlemen, welcome. >> thank you,. >> thank you. >> so a at some bill looking at the future of these two entities. mr. felt fettig, what is being considered and why and. >> great question. so, freddie mac and fannie mae, created by congress, to help with housing finance, and during the crisis it became clear they needed taxpayer help, as did a lot of large financial institutions. the question now becomes does the current structure still work or do need to alter the structure and how does the federal government stay involved in what is known largely as our secondary mortgage market? what happens to those mortgag

and a visit to big mac land. sports is coming up next. >> good evening, either l.a.s will be sold for $2 billion to steve balmer or donald sterling will tie this up for an eternity the league cancelled a vote scheduled for tuesday to terminate sterling's ownership. sounds like he's counting on evaluations but his attorney counters donald going to sue for a billion dollars in damages if and when the sale is complete. big winner will be... the government. it's believed they'll owe an estimated $660 million in capitol gains taxes. ouch. matt cane going to be glad when may is over. you hopes to be back june 6th. giants, cardinals baby not happy. he truck out the side cardinals pitcher drew 54 pitches all the way to big mac land up there. it's 7-0 giants in the 5th. angels oakland took two out of lee this season but angels won 14 of their last 20. >> they're a good team. they're some of the best and they continue to swing bats well. better pitching now. healthy players very goodteam. >> stanford baseball taking on indiana state in bloomington. nice diving catch. young guy

liz: do us a favor, come back when you get some numbers on the simply mac store.t's an inspired idea. great to see you, paul. >> you too. thank you. liz: paul raines, adding a percent a month since january to the stock price. >>> closing bell ringing in 37 minutes. it's the story that just keeps on giving, the bitter feud between hank greenberg, former aig boss. he is so in the game and ready for the fight along with new york attorney general eric schneiderman, also in the game and ready for a fight. charlie gasparino has exclusive details on what is now a judge's ruling and what'll happen when this fight actually goes to trial. the business, people behind the business. and the helmet cam that could revolutionize sports, the way it's played and the way you see it. you may have is seen some of the dramatic footage on fox business earlier this week, but now we've got the actual man behind the new look technology. fox business exclusive with the co-founder and ceo of the company behind the camera, coming up. ♪ ♪ liz: the people behind the businesses are the most impo

it would also reduce costs to the enterprises, particularly freddie mac, since friday's securities have historically traded at a disadvantage compared to fannie mae's. -- since friday's. adding a comment single security component to the csp scope will require a pitch in a and the enterprises to define the securities of parameters along with a shared contractual and disclosure requirements. fha fa, along with fannie and freddie, have made great progress on developing the common securitization platform, but all the components of the csp, including the common single security, will require a multiyear effort before final implementation. having defined the csp's parameters as i've described today, we are well-positioned to move forward. throughout this process we will provide opportunities for stakeholder input about our decisions along the way. in releasing fhfa's 2014 strategic plan, my goal today has been to provide a clear sense of direction for the enterprises ongoing conservatorships. implementing these objectives will require ongoing analysis, evaluation and input. fhfa will proceed w

the mac and cheese one though, if this gets so bad we can't have mac and cheese -- >> that's cheesy.pat, thank you very much. good seeing you again. >> bye. >>> in the meantime, mexico's economy heading south and the worse things get south of the border, piniella county, arizona, sheriff says the worse things are going to get on this side of the border. explain, sheriff. >> well, the growth projection for mexico is being downgraded from 4% to 2.7%. anytime that there's less jobs, less economic opportunity in mexico, what that means for us north of the border, everybody understands most illegal immigrants are coming to the united states in order for jobs, for health care, for education, and when things get worse in mexico, we will have more illegals coming here. last year we had 123,000 illegals that were apprehended just here in this part of arizona alone. so if things get worse in mexico, you're going to see a measurable uptick in illegal immigrants coming into the united states. >> so in other words during the meltdown, i know you and i talked soon after the financial meltdown here

so, let's preserve and strengthen fannie mae and freddie mac. there really could be no place like home. trwith secure wifie for your business. it also comes with public wifi for your customers. not so with internet from the phone company. i would email the phone company to inquire as to why they have shortchanged these customers. but that would require wifi. switch to comcast business internet and get two wifi networks included. comcast business built for business. >>> join the news nation on twitter and find us on our page @newsnation and you're about to see 67-year-old chris wilkinson in action. here he is in wilkin son in action in training on his bike in the shadow of the brooklyn bridge in new york. right now chris is getting ready to ride in sunday's annual 40-mile bike tour which winds through new york's five boroughs and taking part in more than 32,000 other cyclists and what makes chris absolutely unique and amazing is that he is blind. chris joins me now in the studio to talk about his upcoming adventure. all smiles, i ride my bike pre

it's a mac or a pc. steve wozniak was so good at sniffing out who we were trying to reference, the stories we were trying to tell. and that stamp of approval meant the world to us. >> guys, thanks for coming on. best of luck. >> thanks for having us. >>> a number of new solar ro jukts meantime launching this year. one project even backed by an internet giant. still bullish on this sector? >> i'm wildly bullish long time. i think it's one of the most misunderstood areas of the stock market. a lot of these companies. people think they're a play on the margins of the panels themselves. that's not what is happening. there are large scale projects. 12 of them right now in the pipeline for utilities that are essentially engineering projects. the way to look at the publicly traded solar opportunity is that right now, solar is only 1% of the world's energy use. and that will grow almost inevitably. you've seen capacity up 420% since the year 2010. year over year, as of this first quarter, we've seen 79% growth i

it's playing to the high end, the mac book, air and above really the mac boo pro demographic in an attemptent the continued race to the bottom with chrome books and other cheap pcs that's taking the margin out of this business. 'em computing margin, if they can pull that up with innovative designs like this and bring more of that margin back to windows that benefits them, benefits intel, potential others like year le novaos, if they can start to sell more devices. >> if we just bring it back, step back for a second and look at the make rob picture. nardelli took over in february, he's done some good things, made some inroads, but ultimately do you think he'll succeed and turn around the hardware section and the devices section? >> he's definitely talked the great talk, you've seen investors giving the benefit of the doubt. that will be the big issue. can he turn around mobile with nokia, can he turn around surface? again it's definitely putting a boulder uphill in terms of what he's trying to do, but i think he's taking steps in the right direction. we saw surface as a more competitive pro

the mac d looks like it could be starting to roll over here, you don't want that, okay?t would be a bad sign as the indicators are a solid track record of predicting where the security is headed. the s&p 500 is its recent strength might mean there isn't all that much upside left. the index has been trading the same upward channel for a year now and at the moment the it forms a ceiling resistance at 1930. that's 1.7% higher than where the index is right now. you really don't have much upside and garner believes the chances of the s&p breaking above the 1930 level are pretty slim. if this ceiling of resistance holds then garner sees the s&p pulling back. if they drop the floor of support below 1850, then she thinks it's possible the index could found to the lower end of the trading channel in the mid to 1700s. oh, man. i don't see that either, but, of course, if they both break out above the respective resistance levels and they can can keep on running. however, she has one less reason to be skeptical and bullish here. and going against all of the stuff i speak about and s

the senate banking committee said they would abolish -- freni may -- freddie mac and fannie mae.the government still has a role in the mortgage market, what is the point? >> the housing commissioner of which i was a member and the two bills you are talking about. they look at it in a sense of let's phase them out. if they bought cement, the tail and will have a residual role. people have a dirty years mortgage. everybody wants a 30 year mortgage. there has to be some government role in that. they received a good bipartisan vote in the committee. probably not enough bipartisan support to get us to the floor. i think talking is a good thing. debate is a good ring. we cannot prevent them from treading water as they are now. there's simply no way we can keep them alive. we need to resolve this uncertainty. >> it is a pleasure to have you on the broadcast. bloomberg is on the markets. matt miller has the details. >> we're are seeing gains here in the u.s. they're propelling the s&p almost to record levels. hewlett-packard has 11 straight ones. more than 16,000 more jobs on top of the

ann mac victim joins us live from walnut creek police headquarters. good morning, ann. >> reporter: the woman was driving back from the concord pavilion when another car pulled up at oak grove and ignacio valley road. the man in that car started shooting into the passenger side hitting both the man in the passenger seat and the woman who was driving. >> braise season. it was 750 in the evening. a lot of traffic at the concert and right in the middle of everybody and in long creek is extremely unusual. >> reporter: the other one was treat and released and hoping more witnesses today will come forward. anne makovec, kpix 5. >>> police in fremont are investigating a suspicious death. officers were called to a home on royal palm drive shortly before 10:00 yesterday morning. when they arrived, they found a 39-year-old woman dead inside. they say the victim lived at the house and her body was found by a relative. no official word yet on how she died, but police say it was not from natural causes. investigators say the woman's husband was not home at the tim

not being taken full advantage of this is average mac reason for his uncle. but this emergency wrap the assessments and two which was a goal buffer at spurs ok you've added a whole situation and do bad according nation to combat search and rescue. but suicide at fourth information that everybody up and saw david bell was said that wasn't. that was the spot that the does that craft pressure with a bite the singing fly back to steal. in terms of that awesome countries according nation of non traditional security search and rescue efforts is still a long way to go on sale. nations among each other. it is still to some extent on to the straw speaking among each others best why. get the information has not been transparent these now you know in the shade of information is not that perfect not as good as expected though we need to take the first radio program today will be right back i knew. i am the site. they got it is. oh she is. many. as you sow. the sun. the sun this site. the sun. do you do the stoush. welcome back to the second segment of today's program bey

so, let's preserve and strengthen fannie mae and freddie mac. because without them there really could be no place like home. female announcer: sleep train's interest free for 3 event ends sunday. it's your last chance to get three years interest-free financing on beautyrest black, stearns & foster, serta icomfort; even tempur-pedic. plus, get free delivery, and sleep train's 100-day low price guarantee. but hurry! sleep train's interest free for 3 event, ends sunday. ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ >>> okay, welcome back. bond yields are falling pretty sharply today following weaker than expected economic data. ahead of tomorrow's important jobs report, for a look at how to make money on fixed income now, we bring in rich sapper steen, managing partner at hightower and just ranked number six on barons list of the top 100 financial advisers in the country. welcome to "the halftime show." what do you make of what is happening in fixed income now? just speak to this move that we have seen in rates and what you think it mea

the mac community also questions up there? do any of you on the panel have any additional thought or last word? are you recommending your jobs? [laughter] online media movers, reviewers, although it? quite >> my daughter graduated from college a week ago. she's going to go winter and from a literary agent in the tea. someone online that you really are a bad out there. you're getting her into publishing. we love what we do.r love. that is why we are all here. >> i would say, feel free to volunteer if you are interested. i mean, it is a lot of fun and something i do because i love it. the independent as always looking for volunteers. there are signs all over the internet to what people will write and help promote and all that. if you're ever interested and just want to do it on the side, it is something that you should think about. >> very, very well said. we have established of the death of a book is greatly exaggerated fears. want to thank the panelists. we have learned a lot from them about how they work and connect readers.

fannie mae and freddie mac are closer to 750.long time that the problem is and not a lack of credibility as much as it's fundamental demand for first-time homebuyers is a problem. is it not a fact that fannie mae and freddie mac loosening underwriting standards involves 's?e risk for those gse >> as long as they continue to have -- with the risk they are taking, that is not a problem. the problem is you have two companies that are not allowed to build capital. if we end up seeing the economy , we see substantially china falling off the cliff and hurting our economy coming up two countries that will be on government life support. >> why now? to give a first speech. today was a good day for the first speech. seriousness, i think why now is because there has been concern that the credit box is to type. the recovery is covered -- running out of steam. >> what would the real reasons be? >> there is no household formation until you hit about 54 years old. is, student debt. we have record levels of people under 34 living at home with th

fannie mae and freddie mac. washington rewarded them with virtual monopolies. these virtual monopolies allowed them to privatize their profits and socialize their losses. that fannie and freddie are at the epicenter of a financial crisis. and the boom,it bust bailout cycle in the united states of america. think of my friends in the housing industry. i may have a few left. the best program in america is not a subsidy and it is not a federal guarantee. it is a growing economy. that is how the program works. it is time for the republican party to live up to its promise to end the reign of fannie mae and freddie mac. to into the almost $200 billion of bailout. that is exactly what this act does. i certainly want to thank all of those who are associated with parroted foundation. for their work to help fund this legislation. stand for protecting american taxpayers. it has passed the house financial services committee. to the end its voyage crony corrupted mortgage giants once and for all. it is time for action. i am calling on every congressman and congress to suppor

so, let's preserve and strengthen fannie mae and freddie mac.e no place like home. could mean less waiting for things like security backups and file downloads you'd take that test, right? well, what are you waiting for? you could literally be done with the test by now. now you could have done it twice. this is awkward. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. >>> the stock of cigna is making a comeback this morning. cigna is playing catch-up on earnings that beat expectations for its quarter as it raises its full year guidance as you know subsidiaries mostly offer their insurance products through employers, government organizations and labor unions. joined by david cordani, cigna's ceo. welcome back to the program. >> good to be with you, simen. >> we're struggling with what the first quarter of the year was. does the bad weather benefit you? because essentially people can't travel as easily to consume health care that you might have to foot the bill for

. >> mac if you say this is real. >> this is definitely fake.ke me when i was in second grade with a bad cold calling for my mom. >> i guess you know, not even close. can only go up from here. i think we might be on the way up. video two. >> this one is on the way up late rally. keep your eyes on the dude. >> oh. oh my. go back to the beginning i want to see what his hair looking like in the beginning. i think this might be a set up. this hair is moving around as he is sitting there getting ready to go. >> wow. if that is what it is, can he put it on, i'm going to say fake. >> i think this gary sandaling want to be. maybe he was wearing it for fun. >> i think it is fake. >> so four fakes for the video. i'm goi ing against you guys on this one. i think they didn't glue on tight enough. i'm going it real. >> we are going to agree to disagree on that. >> welcome back my name is spencer and tom is our helper the cat. we finished the prototype of our first ever in des truck able table. oh. >> that was really bad acting. this is just a video to prove

like an overhaul of fannie mae and freddie mac may not take place this year.ill not support the proposal without major revisions. draft, housonton made clowney the number one pick. he was greeted by roger goodell. johnny football went at number 22. >> cleveland browns. >> i cannot believe they drag this out into three days. >> i don't get it. >> it is a reality tv show. >> we must do a single best chart. >> this is a stark reality in new york. it shows a decline in the number of traders and investment bankers. securities industry employment is at a new low in march. the lowest since the government began keeping track in 1990. >> two waves down. rg thanks to bloomber data. >> our guest is michael holland. we are so far from the romance of that music and that tickertape. >> yeah. fhat chart was reminiscent on the 1970's. and also -- the bubble we have today is bubble talk. people are worried about is going negative. >> do you believe in the resiliency of wall street? can they rebound? >> absolutely. one only has to go to history. maybe this will be the first tim

please step forward >> mac. ladies and gentlemen, the board of supervisors in san francisco with the leadership of joovms have done a proposal that will make san francisco better. it will be a you've set a line of integrity that this city will look back some years into the future and saying wow. they think in just an. thank you john and the mayors committee. and i want to thank oewd but i really want to take my hat off and thank where's pat. pat mulligan why don't you come on up here i want to thank patty he dealt with a real circus and got everything done and rachel upper fantastic that's ends it let's cut the cake thank you very much >> okay. >> next speaker. >> with briekt line with the mayors we have a quorum construction committee if we're going to get the data around the local hire and the local success we're seeing an average of 38 percent a year ago it was 34 pictures but let's do something we've done something great this is the strongest prevailing wage law perhaps in the western united states and beyon