skwr-pblg mcshane -- judge mcshane will make a terrific addition to the bench in oregon. he has demonstrated commitment to the law, to public service and to our state. he came to oregon 30 years ago to serve communities through the jesuit volunteer corps. the jesuit volunteer corps, known as j.v.c.. j.v.c., folks often graduating from college dedicate a year to direct service to the poor, simple living and spiritual community. and they work in locations like food banks, local church programs to work with at-risk youths and things of this nature. they work directly to help make the world a better place and do so in an exceptional manner. anyone who comes out of college and dedicates a year or two to such an effort certainly starts in a very sound place. since that time judge mcshane has remained deeply dedicated to oregon and to serving those in our society most in need. after graduating from wilson clark law school, judge mcshane went to work as a public defender in portland. for more than ten years he represented those who otherwise would have no voice in our legal syste

president, every confidence that judge mcshane will join that list. i thank the senate judiciary committee chairman leahy and ranking member grassley for putting the nomination through the committee. i thank leader reid and minority leader mcconnell for bringing the vote to the floor. i hope my colleagues on a bipartisan basis will vote to confirm judge michael mcshane as u.s. district court judge for the district of oregon. with that i yield the floor and i notice notice. i notice the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: quorum call: quorum call: ms. stabenow: i ask for extension of the quorum call. the presiding officer: under the previous order, the leadership time is reserved -- i'm sorry. morning business is now closed. under the previous order, the senate will proceed to consideration of s. 954, which the clerk will report. the clerk: calendar number 73, s. 954, a bill to reauthorize agriculture programs through 2018. the presiding officer: the senator from michigan. ms. stabenow: th

dagen mcdowell, connell mcshane. connell: good morning, i am connell mcshane.ce department secrets like all of ap phone records, a matter of national security or plane abuse of civil liberties. connell: the irs catching the same amount of heat, congress jobbing at the bit, who was targeted by the government agency and while. dagen: a high cost associated with angelina jolie's life decision, who should follow her lead and who should not? the connell: jack is back. want to make headlines from the network of front? fox resurrecting the big money-making series 24. jack our making a come back. those stories and more on markets now. >> if not successful lose your younger son. >> copy that. >> we are go. connell: you must have been. i was a big 24 and. dagen: initially. no.

make sure to stay tuned for one hour to of cyber security hoste by a connell mcshane called at risk,he cyber threat on monda at 1:00 p.m. eastern time. the special takes an in-depth look. a critical infrastructure of financial markets, emerging technology. it sounds great. i have not seen it, but i will. wall street already in flight. the big money players said now to the memorial day weekend. the exodus from flight aware tracking of lights going out east. in favor of relaxation. the money, man, and women. here is our one third-generatio easthampton native described activity on twitter earlier thi week. joshi link wrote air force 1 percent seems to be lending a couple of days earlier at east hampton airport. who is minding the markets? time to cut the lawn is correct. kelly minding the market's working in visiting with us, leo , given what happened with the federal reserve this past week, ben bernanke and crude from the minutes of his testimony, he really did not give us any clarity about what they're going to do with the bond buying. they give us a markair scenario. do you think tha

former minister for europe is mcshane very harsh comments from the french president well deserved third you think. i think you'd find an awful lot of british politicians as a british practice commentators who do agree with him that britain would be better off outside the european union and almost every day you could have papers in britain here or go listen to debates in the house of commons where people are lecturing the french and everybody else in europe what to do sadly europe the european union the moment is it a kind of giant blame game finger point to you because you it's not me i'm a good boy i'm going to get better the brits claim the french the french blame the germans the germans plane spotting frankly i think playgrounds have got more adults in the nice days than the top leadership of europe well in the past you've called for britain to join the euro zone what are your thoughts now. i think we should be fully integrated we have a heavily devalued how yet balance of trade that's to say what we export is getting worse and worse and worse so you know we i think should be properl

i am connell mcshane. dagen: i am dagen mcdowell with a horrific scene in oklahoma and other parts of the midwest as more tornadoes are expected today. connell: stay in put and keeping those jobs, a big data jamie dimon and we are live from the shareholder meeting of jpmorgan. dagen: florida to capitol hill investigations go more. the former irs commissioner in the middle of the targeting scandal delivering his first testimony to congress as tea party protestors rallied around the country. connell: don't forget about apple, the ceo defending his company dance accusations it dodged taxes and also happening in washington, we have that story and more coming up in markets now. >> prayers are with the wrong people, we will back up those prayers with these for as long as it takes. dagen: president obama pledging support for the people of oklahoma as the state's medical examiner confirming 24 people dead and many more missing as the search efforts continue. joining us on the phone is joe bastardi, put this powerf

i'm connell mcshane, reporting from new york. n. that will do it. we will see you tomorrow. ♪ john: what do you know about gasoline? zero oil companies? >> wait to much. john: i am told at the mall wil help. >> a new hero is rising. saving our future. john: it does increase smilg. >> you can add miles. john: a lot of myths. that is our showonight. ♪ >> and now john stossel. [applause] john: planning s car trip? warmer weather means driving season. we all have opinions about the price of gas, what might be don about it, but it turns out some mu of what we think that we know is not so. and one reason we get it wrong is that companies and interest groups like to ask. politicians, well, like maybe too harsh a word. they mislead. they pretend that was a few law they can make everything better. president obama's says gas cost too mu and he feels our pain. >> the serious blow to your budget. getting hit with a new tax coming right out of your pocket. john: the president took action. >> we have taken steps to softe the blow by making sure that ou cars use l

i'm connell mcshane, report from new york. melissa: i'm melissa francis here's what is "money" this memorial day. just like the smell of grilled hamburgers and hotdogs the power of money is in the air. putting a hole in golden parachutes. the days of ceos getting paid for failure packages are still boeing. can anything put a stop to it. we get steve forbes to weigh in. >>> plus carl icahn is one of the most feared men on wall street and in executive boardrooms but isn't force for good? battled with 68 companies over the past decade. he is a shareholders' best friend or just in for his own gain. >>> the power of mayer, the marisa mayer, as she tries to save yahoo! from oblivion. she is almost a year into her tenure. we get a panel of experts to fill out her report card. even when they say it's not it is all about the power of money. melissa: we are starting with all the corporate shuffling at the top these days. ceo's are coming and going. most of them with one thing in common, a huge payday on the way out the door even if they

i am connell mcshane. dagen: a high school dropout starts a business in his mom's apartment.bout a quarter of a billion dollars. connell: they are back at it. china's military targeting america's cyber infrastructure. dagen: incredible pictures out of the midwest. those stories and a whole heck of a lot more coming up on markets now. ♪ connell: we liked this story. the kid in his mid- 20s. look at him now. dagen: manhattan was not good enough for him.

i am connell mcshane. dagen: we learn more about the targeting of conservative groups.house to act. connell: bernanke showing us the exit. new details on the feds plan to stop pumping money into the economy. dagen: president obama hosting britain's prime minister. we will take you there live. connell: k.t. mcfarland is just back from china where she retraced the steps of president nixon's visits. that is just ahead on markets now. ♪

connell: i am connell mcshane. the jobs report was pretty good. the expectations.nnot escape the spotlight. dagen: another weekend with warren. he is now on twitter. those stories and more coming up on markets now. ♪ connel

i am connell mcshane. dagen: i am dagen mcdowell. connell: keep printing the money. cme admits high-speed computers give traders the edge in markets. dagen: pro- immigration groups ring in the new month with nationwide rallies to support their calls. douglas holtz again tells us why

connell: i am connell mcshane. dagen: the phone records scandal that is putting the department of justice on its ear. connell: the attention of the people bank of china. dagen: money is also cheap. corporate america taking advantage. those stories and so much more coming up on markets now. ♪ connell: didn't i tell you there is plenty to talk about. dagen: oh, my word. connell: let's go to nicole petallides. nicole: the dow is just turning into positive territory. the s&p 500 at record intraday highs. nobody has ever seen these levels on the s&p 500. the nasdaq with an up arrow. back to you. dagen: thank you, nicole. connell: in tolerable and inexcusable. conservative groups and eric holder will testify on capitol hill in a couple hours on this. they ordered the fbi to investigate this scandal. dagen: joining us to debate, discuss, dig in, a fox news contributor and joseph banister a special agent at the irs. we will start with you first, joseph. how much of this do you see just blatantly illegal? >> quite a bit, ac

i am not connell mcshane, thankfully. good morning. summer time rally, everybody. to buying. how long before ben bernanke throws cold water on this party? president obama heads to the shore, the jersey shore. arriving in new jersey this hour to see how federal money helped repair the hurricane ravaged coastline. a commander in chief who clearly needs the glare of those dc scandals to dim. the cyber threat, chinese hackers said to gain access to the u.s. military's most critical weapons systems. digging into that story and many more coming up on "markets now." ♪ nice rally, we'll take it. back from the long weekend, stocks now and every 15 minutes, nicole at the new york stock exwhaing looking at what, nicole? >> well, i'm looking at a big rally here. up over 200 points, dagen

connell: i am connell mcshane.tting the department of justice on its ear. connell: the attention of the people bank of china. dagen: money is also cheap. corporate america taking advantage. those stories and so much more coming up on markets now. ♪

i am connell mcshane. dagen: i am dagen mcdowell.. connell: congress on how we can protect our nation and our assets. the judge says it is not good news for the cell phone providers or you as a customer. dagen: "the great gatsby." those stories and more coming up on markets now. ♪ connell: away we go. dagen: top of the hour. stocks now. nicole petallides is at the new york stock exchange with more. nicole: we have gone back and forth. we have

i am connell mcshane. dagen: i am dagen mcdowell. today's adp report is not good news for this country. connell: keep printing the money. cme admits high-speed computers give traders the edge in markets. dagen: pro- immigration groups ring in the new month with nationwide rallies to support their calls. douglas holtz again tells us why immigration reform a boost. connell: we will see what our buddy walt mossberg has to say. those studies and more coming up on "markets now." ♪ dagen: walt is here to talk about his spring laptop guide. connell: absolutely. that is kind of interesting. i don't know if the tablet is on its way out or not. dagen: we have nicole petallides at the new york stock exchange. nicole: we have completed april. the adp report came in weaker. we will continue to see what the committee will be saying. merck has been weighing on the dow jones industrials. the majority of the dow components are not moving dramatically. connell: thank you. adding the fewest number of jobs in seven months. there it is. is this a sign of

connell: i am connell mcshane. the jobs report was pretty good. the expectations. dagen: 20 somethings with no job. connell: jamie dimon cannot escape the spotlight. dagen: another weekend with warren. he is now on twitter. those stories and more coming up on markets now. ♪ connell: we have warned buffett tweeting. dagen: we will have to check in on him. connell: let's go to nicole petallides. nicole: a little celebration out there. a monumental day on wall street. the nasdaq composite has the highest levels we have seen. all 30 dow components have been in the grain. we saw at&t's pfizer faltering most recently. we saw 2008 and the jobs added. some good news from the jobs and the labor department. connell: thank you. dagen: a record day for the dow. the on employment rate was down to 7.5% in april. 165,000 jobs created. this is where the fun starts. revisions. vendor 32,004 february. the second revision for that month. connell: scott bloch is here to talk about the run-up we are seeing in the market today. kate rogers is also on hand. we will talk about billions lo

connell: i am connell mcshane. in greece, more than 60% of 20 somethings cannot find a job. dagen: what is so bad about down 15,000? mark fahlberg can always find the bad in everything. connell: worker productivity is costing our economy billions of dollars. dagen: call it the cyber bust. those stories and a whole lot more coming up on markets now. ♪ connell: you have been fighting off the allergies. dagen: two weeks. connell: you have not called in sick, though. dagen: no. i do not believe in it. connell: let's go to nicole petallides. nicole: let's take a look at what is going on. the dow jones industrials down about 24 points. yesterday, we broke new records again. we have not had that since 1998. obviously, we have had a run-up. now, it is taking a little bit offa breather. we got in our weekly jobless claims. slightly better than we expected. most of the names have down arrows. dagen: thank you. connell: a huge problem overseas. greek youth unemployment over 64%. 64%. dagen: it also ticked up to 27%. what about here at home? dan had a column about this very thing. you c

connell: i am connell mcshane. in greece, more than 60% of 20 somethings cannot find a job.ways find the bad in everything. connell: worker productivity is costing our economy billions of dollars. dagen: call it the cyber bust. those stories and a whole lot more coming up on markets now. ♪ connell: you h

connell: i am connell mcshane. talking about the cyber security and the fbi.s they are being targeted again. dagen: the senate giving the okay to the online sales tax bill. art laffer tells us why he is okay with this or postal. connell: new jersey's governor has weight-loss surgery, thinking about the oval office in 2013? dagen: and then, disney working magic at the box office and the small screen. at look at why the hous house oe mouse is on firm ground. coming up on "markets now." connell: that is your story of the day, chris christie? dagen: absolutely. front page of "the new york post." does his personality change? connell: brett bear coming up to talk about that. nicole petallides at the top of the hour from the new york stock exchange. nicole: good morning. taking a look at a

the member of that committee was on markets now with dagen mcdowell and connell mcshane last hour. >>ers and american citizens that citizens get an answer that will give them confidence in government. that is the bottom line. confidence in government. maybe too late for congress to recover but certainly as relates to the irs they deserve better than what they are getting today. cheryl: what do you think of charlie rangel's comments? something for the tax man, can't be a real fan. cheryl: certainly charlie rangel and several committee members were very clear in their questions, very pointed questions and republicans did good job keeping questions short and to the point, looking for fact, miller would not answer. >> i expected him to be more -- we are so sorry. he doesn't seem real sorry. at one point he told -- a constant pleas which was so blunt and honest. cheryl: i do not believe partisanship motivated the people that engage in the practice as described in the inspector general's report. dennis: i love that, but wasn't politically motivated at all, we are targeting tea party groups

i am connell mcshane.l with a horrific scene in oklahoma and other parts of the midwest as more tornadoes are expected today. connell: stay in put and keeping those jobs, a big data jamie dimon and we are live from the shareholder meeting of jpmorgan. dagen: florida to capitol hill investigations go more. the former irs commissioner in the middle of the targeting scandal delivering his first testimony to congress as tea party protestors rallied around the country. connell: don't forget about apple, the ceo defending his company dance accusations it dodged taxes and also happening in washington, we have that story and more coming up in markets now. >> prayers are with the

i am connell mcshane. dagen: we learn more about the targeting of conservative groups. pressure mounting on the white house to act. connell: bernanke showing us the exit. new details on the feds plan to stop pumping money into the economy. dagen: president obama hosting britain's prime minister. we will take you there live. connell: k.t. mcfarland is just back from china where she retraced the steps of president nixon's visits. that is just ahead on markets now. ♪ connell: we will be all over this irs story. connell: we cannot forget that she is the tax reporter for years. nicole petallides at the new york stock exchange. nicole: we of gains. we have retail sales numbers that are better than expected. you are seeing a little bit of a pullback. the dow jones industrials down about 36 points right now. the tech heavy nasdaq is virtually flat right now. when you look at the dow jones industrial component, and intel and alcoa are the top. toyota motor, netflix, tesla are doing the best. some of these names are up over 100% this year. back to you. dagen: thank you so much, l

now back to the fabulous dagen mcdowell and connell mcshane. dagen: we say this, i love the tweak you put out last night about a mutual friend of ours at a benefit. you look beautiful land to read that. love you much. >> we know who we're talking about. dagen: and inspiration every single day. connell: we cover breaking news of the day. we mention the irs hearing in washington, the other one we are monitoring is ben bernanke's congressional testimony, the fed chairman being questioned by senator toomey of pennsylvania. let's rejoin that hearing. >> total amount of economic activity that occurs over the long run. >> to some extent that is correct. we have a situation where we have home building is well below what is sustained in the longer term so more quickly we get back to a more normal level the more quickly the economy will be close to full employment. >> it is important to consider accommodative monitoring policy, a net growth strategy with a bigger impact on timing of economic activity than the total amount. >> we are trying to mitigate th

connell: i'm connell mcshane. dagen: i am dagen mcdowell. the cost of amnesty.ll: the cyber threat, the labor department opens the door to a much bigger problem with microsoft internet explorer. dagen: lower gasoline prices. why economists say this is an important ingredient to keeping the economy on track. connell: all that in wrapping up the weekend with warren buffett with the top issues facing our economy. those stories and much more on "markets now." >> what do you think of the good old single-family growing as an investment these days? >> i said a year ago though i tt was a very good investment for people who knew they were going to live in that house for considerable piece of time. take a long-term mortgage. dagen: top of the morning. top of the hour.

ccnnell mcshane will be hosting a special report on monday at 1:00 p.m. and 4:00 p.m. eastern.e interest rate on federally-backed students loans set to double in about a month here the house of representatives passed a bill that would link the rate students pay to 10-year treasury with a possible showdown with the white house which threatened to veto the bill. here to break it down ihs global insight is chris christopher. welcome to you. >> good to be here. lori: this has turned into a partisan fight over student loan rates. what is the next step? >> well, it has been a partisan fight even back in the campaign but the next step is to sort of see how things play out. currently rates are set to increase by double for student loans by july 1st. and there is some political wrangling happening but the concern should be on the students and the country as a whole. lori: has it really been a political fight for a while? because it seemed like it was pretty easy sell a year ago as part of the transportation bill, right? when congress voted to extend the low rates for at least another ye

we saw that in early the earlier show with connell mcshane. that is still looming.t is imminent or right now. we're seeing fundamentals improving lori. that is one of the reasons why we're seeing back and forth action, yesterday gaining and today pulling back. i want to look at a name obviously on the move that is nasdaq today. we're watching nasdaq and facebook very closely on a day where the sec is looking closely at the nasdaq. so much was lost on the facebook ipo last may you may remember where there were trades that were blocked up for hours. in the meantime the nasdaq will have to pay out $10 million to the sec and so obviously these are because of violations and poor execution of the facebook ipo the nasdaq has since made many changes as well. there is nice one-year chart. it is up one-third of 1%. back to you. lori: thanks, nicole. >> thank you. melissa: it is a good time to be a seller. a new spring housing survey by century 21 real estate find inventories are so low a shocking number of americans can't even find a home to buy. joining me century 21 preside

president, then on monday, there will be two roll call votes, confirmation of chappell and mcshane, and as indicated we will move to the farm bill. if there is no further business to come before the senate, i ask that it adjourn under the previous order. previous order. >> the senate today unanimously confirmed mit physics professor to be energy secretary. on monday the senate is expected to take up the five year farm bill. the senate agriculture committee approved the legislation earlier this week >> learn more about your senators and congressmen with a 2013 congressional directory. contact info, district maps and committee assignments for each member of the house and senate. also cabinet members, supreme court justices and the nation's governors. the directory is $12.95 plus shipping and handling. you can order it online at c-span.org/shop. >> the house ways and means committee holds a hearing tomorrow on the irs targeting conservative political groups apply for tax-exempt status. the acting head of the irs steve miller will testify. he submitted his resignation yesterday after the tr