cheryl: mary schapiro has been very vocal as you mentioned that at the same time day of very difficultnvestigate. there will be a long road in looking at dark pools that they want to come to agreement how to regulate those. it could be years away. adam: you already have the sec putting in place computer systems to track high-frequency trading which they said will take years before those are up and running and then the issue whether people on wall street truly believe it is a watch dog. a lot of people look at it with disdain and came mr. bernie madoff and stanford and whether this is the pie crust promise easily made easily broken, actions speak louder than words but a lot of people on wall street don't look with respect that in russia. cheryl: adam shapiro with breaking details on the latest move, thank you very much. samsung will see record profits in the port quarter up 89% from last year and the fifth quarter in a row, success largely fuelled by demand for the galaxy tablet and smart phone. the company sells 500 and set a minute. in an everett to compete with samsung apple is said

she will replace mary schapiro and must still be confirmed by the nate. timothy geithner spent his last day as secretary on friday, stepping down after a tumultuous four years in the financial system. president obama's chief of staff jack lew has been nominated to replace geithner. >>> every time you turn around the market seems to be setting a new five-year high. the dow jones industrial average rose this week thursday and up ten the last of 11 days, while the s&p 500 followed suit. the markets continued up on friday. the markets were happy about a battle that seems to be postponed now. the house extended the nation's borrowing limit until may 19th. the bill now heads to the senate where the e vote is expected in thnext few days. >>> mixed news on the earnings front to tell you about. apple had disappointment with the revenue miss and guidance feel short, mostly because of slower iphone sales. among other technology sales, ibm m and googleeat expectations as did microsoft and netflix. >>> there aren't a lot of people out there who were right about what w

she will replace mary schapiro

. >> reporter: before she left her job as chair of the s.e.c., mary schapiro told us that chinese officials refused our request to cooperate in going after the suspected frauds. tonight, the chinese government told us that was a groundless accusation. so, no help from the chinese on this, diane. >> all right, on the trail again, brian ross. thank you. >>> and now, we want to bring you up to date on a story we brought you last night. the outrage over aig, the insurance goliath, which was threatening to sue the united states, even though the company was rescued by $182 billion in taxpayer money. well, today, we learned aig is standing down. they have decided not to sue after all. >>> and now, take a look at these images. when you take a ferry to work, you don't expect to wind up like this. on a line of people strapped to a gurney. a new york city ferry boat packed with hundreds of rush hour commuters came in for such a hard landing this morning, it slammed into the dock, hurled passengers through the air, down staircases, into windows. at least 70 people were injure ed. an investigation is un

her predecessor, mary schapiro, was known for protecting democrats and unions. giving unions more. i think you can expect the same, pretty much out of mary jo white. dagen: thank you very much. great insight. apple shareholders feeling very bruised today. that stock in a major selloff. shibani joshi has been talking with people in the know. connell: and then we will go to liz claman. two of the most influential ceos. liz has interviews over in davos. markets now. let's look at the markets. talking about interest rates a little while ago. we will be back with liz in davos. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing.

i would welcome the opportunity to lead those efforts and build on the work of chairman mary schapiro and chairman elisse walter, who i am very honored is present today. finally and most importantly, i want to thank my husband, who is here today on what is our 43rd wedding anniversary -- >> today? >> today -- for his strong support of me in seeking to engage this public service. thank you very much. >> thank you. richard. >> thank you, mr. president, for the confidence you have placed in me and the team at the consumer financial protection bureau. we understand that our mission is to stand on the side of consumers -- our mothers and fathers, sisters and brothers, sons and daughters -- and see that they are treated fairly. for more than a year we are focused on making consumer finance markets work for the american people. we approach this work with open minds, open ears, and great determination. we thank you and congress for the opportunity and the honor to serve our country in this important way. thank you. >> well, i just want to thank again mary jo and richard for their willingness

i would welcome the opportunity to lead those efforts and build on the work of chairman mary schapiro and chairman elisse walter, who i am very honored to present today. finally and most importantly, i want to thank my husband, who is here today on what is our 43rd wedding anniversary -- >> today? >> today -- for his strong support of me in seeking to engage this public service. thank you very much. >> thank you. richard. >> thank you, mr. president, for the confidence you have placed in me and the team at the consumer financial protection bureau. we understand that our mission is to stand on the side of consumers -- our mothers and fathers, sisters and brothers, sons and daughters -- and see that they are treated fairly. for more than a year we are focused on making consumer finance markets work for the american people. we approach this work with open minds, open years, and great determination. we thank you and congress for the opportunity and the honor to serve our country in this important way. thank you. >> well, i just want to thank again mary jo ann richards for their willingnes