out to michael board, woai. joining me.an, ketchup smeared tampons and pads strewn, stuck to windows. you open up your kitchen window in the morning and there right stuck is apparently a bloody maxi pad? hello. good morning. >> yeah. a toilet that was stuck in the driveway. this woman is 41 years old. how old do you have to be to know better to do this? now, she is not, there is no hard evidence that puts her at the scene of doing this. but there is evidence that she supported this. she condoned it. she even took the kids out. she must have said it's okay, you can do this. because she was taking them out to buy some of the supplies for this. nancy, these are really, really expensive homes. the homes in this neighborhood go for $600,000, $700,000. these are mansions in this dallas suburb. they estimate the cost of the damage of this at about $6,000. >> how did a ketchupy maxi pad equal $6,000 damage? >> well, there was writing on the driveway. they used con dements -- >> why am i seeing a peanut butter sandwich? oh, yes. the

clause. >> as a board member, michael, your reaction -- your foundation has given out nearly $250,000hips to children. >> deserving students. we have a lot of people come through and they think it's a free handout. it's not. these are kids that want to succeed in a showdown. it shows us their commitment to getting an education, we want to be there and help them. that's what the santa program is all about. >> as a non-member of the family and sitting on the outside, tell us about the good work of the santiago family both in the community, as a family, first of all, then as community members. >> to most people, christmas comes once a year. to judy, it's 24/7. she talks, she walks, it's all about the santa foundation. not only providing funding for the foundation but she becomes the mentor for a lot of students that we provide the scholarships to. she's tracking their grades. she's on the phone. she's on the internet. she's texting them saying how are you doing? how was that class? what are you going to go on for next year? why did you only get a "b." i thought you said this was going to

was between pandit and the turnaround specialists who became citigroup's new board of directors - in particular, chairman michael o'neill. "we actually hold the board in high regard. it could be that the board wanted to go in one direction and pandit wanted another way and it wasn't going to be resolved without pandit and his top lieutenant leaving." pandit's successor is mike corbat, who heads citigroup's operations in europe, the middle east and africa. "from my perspective the focus on international will continue. another positive is that he's familiar with citi holdings, which holds the bad assets. good to have someone familiar with it in the lead role." in the post-financial crisis, analysts say the citigroup shake-up reaffirms that boards of directors are in charge, not ceos. some believe that's only going to increase under the dodd-frank act, which extends a more active role and legal responsibility to boards in the operation of a company. the exit of vikram pandit from citigroup leaves only 2 of the original big bankers still on wall street since the bailout days. jamie dimon of jp morgan chase and lloyd

. >> reporter: at last week's board meeting metro transit police chief michael taborn said the agency's website inviting riders to complain about unwanted sexual conduct is getting results. since going into operation earlier this year, the website has garnered about 1/4 complaints regard ing sleazy behavior on metro and police have concluded more than half the time the inappropriate behavior has risen to the level of criminal conduct. now in every single metro car there's a call button through which passengers can talk to the train operator. chief taborn says he understands that some passengers would rather use the website later real estate than make a complaint while an incident is still in progress. >> notification is notification. we can follow up. i couldn't want to jeopardize an innocent bystander. >> reporter: in july metro passengers began reporting a set of incidents. >> he had exposed himself on the train to the individual. >> reporter: did she report it afterward or contemporaneously or who filed a report on that occasion? >> she did. it was the first incident and she reported

. >> it sounds like michael o'neill coming on to the board with a history of interviewing for the b of a job where he wanted to shrink the bank, break it up. maybe citigroup viewed it as a similar strategy. do you think that has something to do with the tension that ultimately led to him leaving? >> but then you've got this strange conference call last night where the new ceo and chairman said it's business as usual, which begs the question, why did you get rid of the guy, if indeed that's what happened? vickrum suggested to us that perhaps like an original elder just decided to go off and walk into the desert. >> it just doesn't wash. because if that was the case, you just don't do it on the day after. >> if the board had been talking about this for a long time, which was suggested in some of these articles, to do it the day after the announce seems peculiar. >> the day after a earnings release that seemed to cheer the market. >> although the other interesting thing, share price move-wise is that when vickrum announced he was leaving, the share price didn't really rally, which is prob

board, michael o'neill, they lost confidence in him and wanted him out. they did that after the bell that monday. that is not the story that mr. o'neill and that citigroup officials have been telling people. they went on a conference call the following day and said he left on his own accord. what we have right now is what i known as a formal investigation into theacts and circumstances and exactly how this guy left the company and why. it is a pretty interesting story. as i said, when he left, that whole thing about leaving that monday, after the conference cl announcing earnings, that shocked the market. shares actually went up initially which will tell you something about vikram pandit's reign over at citigroup. but the sec is looking at the disclosures, if they were proper and did citigroup come clean to the market and tell the market the truth about why he left. was it really his decision or was he ousted? i'm telling you that our sources at firm mr. o'neill that day right after the market closed at about the 4:02, after the coerence call for third qu

then michael neil, who did the ousting, by the way, who basically told vikram pandit to resign, board'sost confidence in you, you should go, then what happened next? michael neil -- forget about what pandit said, i left because i left, he's gone. he basically said it was his decision to leave, which it wasn't. michael neil, the chairman of the board at citigroup came out and said we did not ask him to leave, he left on his own. now, i talked -- we talked to harvey pith today, i've talked to other legal experts out there, that is misstatement of fact. liz: so they can't just lie to make vikram feel better about his exit. >> do you know the market moved on his exit? it went up. liz: yeah. and it's also down 2% today, the market -- >> the market's down 200 points, but i'm just saying, listen, there might be a needle that they can thread like, you know, we told 'em we didn't like 'em anymore, and we said do what you want to do since everybody hates you, and they quit. they might be able to get away with that, but the way i heard this, this was mike o'neill telling him, they'd been moving th

he is also stepping off of the board. michaelbett, who is the ceo of the europe, middle east and africa divisions is effective immediately the new ceo of citi. that has sent shares really trading very volatily, been down as much as 2.5%. right now they have off about 1.5%. it comes off a rally we saw monday on the back of that better-than-expected earnings report from citi and better-than-expected data on retail sales. we have more data ahead, including consumer prices, which are key in setting the increase in terms of what you will receive in social security. johnson & johnson and united health have reported better than expected results. the dow had a 19-point gain monday. the nasdaq starts at 3064 after being up 20. the government's consumer financial watchdog has received thousands of complaints from people struggling to repay their student loans. the consumer financial protection bureau says it's very similar to what we heard from homer owners who were confused with the situation that wear mortgage payments. the students are

let's fire up this week's board of director michael goldberg is a managing partner at bridge investment fund, and colleen debase is special projects director at entrepreneur.com. lots of puns in that too. i apologize. thanks so much for joining us, you guys. one thing that i thought was so funny in there is he said i gauge them by their clothing, in this particular case, but there were differences, right? different degrees to how much you dressed up, and he noticed that and sells to differently. >> i think it's classic. i think of my own portfolio companies, and if we only had someone like him out in front, sometimes our sales folks, when you're doing projections before the customers in front of you, you think you can sell anything, and you know what the customer needs. but it's very different when you're actually engaging with a customer, and making the sale is so tough for small businesses. in that instance, he's reading his customer, and he's going in for the sale. >> there's nothing passive about what he's doing. do you have to be that active in order to make that sale? it's a lot o

the nephew of robert and ethel kennedy michael skakel, asks a parole board to free him. plus a new study about how your smartphone could be just as dirty as a public restroom. and a man shares his story of being stuck in his car trunk for three days! [ horn honks ] [ male announcer ] you start your day... love you, too. ...thinking about what's important to you -- your family... ...the mortgage... the kids' college tuition. [ cellphone ringing ] but life insurance? [ horn honking ] life is unpredictable. that's why at fidelity life we want you to think about term life insurance -- taking care of your family's future expenses if something happens to you. it's easy. we get to know you and your needs then give you our best quote and our competitors'. you choose and save up to 70%. that could mean $250,000 of coverage for just $15 a month. we offer plans with no medical exam and we've been in business for over 100 years. call fidelity life. ♪ ♪ or visit fidelitylife.com for your free quote. [ horn honks ] hey, honey. do we have life insurance? ♪ ♪ [ male announcer ] or visit

er >> given that, maybe it's the appropriate time to ask the board of equalization to come up. michael lawrence. >> thank you. >> thank you very much for being here today. >> good afternoon, my name is mike lawrence, i'm the district [inaudible] the board of equalization as you may be familiar with is tasked with the responsibility of collecting and maintaining the sales and use tax program within the state of california along with a whole host of other types of taxes including environmental fees, timber tax, property tax, cigarette, alcohol, i believe there's over 20 taxes that are involved. in response, i believe finding number 3 was what we were asked to respond to and on september 10 or a letter dated september 10 was provided to the grand jury. i don't know if that is -- if you've gotten that or what. i mean, so what i will do is summarize that letter and explain what actions the board of equalization has done in regards specifically to the surcharge. sales tax applies to the sale of tangible personal property and the amount upon which that tax applies is the gross receipts under

. >> reporter: at last week's wmata board immediating, michael taborn said the agency's web site inviting riders to complain about unwanted sexual conduct is getting results. according to taborn, since going into operation earlier this year, the web site has garnered about a quarter of the complaint regarding sleazy behavior on metro and police have concluded that more than half the time the inappropriate behavior has risen to the level of criminal conduct. now, in every single metro car, there is a call button through which passengers can talk to the train operator. chief taborn says he understands that some passengers would rather use the web site later rather than make a complaint while an incident is still in progress. >> notification is notification. we can follow up. i don't want to jeopardize an innocent bystander. >> he had exposed himself on the train to the individual. >> reporter: and did she report it afterward or who filed the report on that occasion? >> she did. it was the first incident. and she reported to the metro transit police department. she went to the station manage

they resigned that title and the seat on the board of directors. michael corbit will take over. he is the ceo and africa division. citigroup is said to open lower on that announcement. >>> the company that manufactures apple's iphone has discovered underage interns. they were discovered during a company investigation at some of the factories. in some cases they were listed as young as 14 and minimum age is 16. they were trying to figure out how the intense were sent to his factory. >>> an extra 15,000 new jobs, which company is not ready to start hiring. >>> and don't forget you have a chance to win free gasoline for a year. all you have to do is like ktvu channel 2 news on facebook, all you have to do is enter to win. i moved to new york to work in fashion. i came here with just a suitcase, maybe two. and luckily i found an apartment just three blocks away from t.j.maxx, which was perfect because i needed everything and i still needed to make rent. t.j.maxx is such a great place cause i know when i go in there i'm gonna score. they've got such great deals on all my favorite bra

manager, her entertainment lawyer, and her criminal defense lawyer, all of whom e-mailed michael lohan saying we're on board. >> okay. all right, and he's got power behind him to get this done for his daughter. all right, let's move on to christina aguilera who has been offered millions to be the face of a dating website? what kind of site this, really? >> it was not messenger, okay? >> it's big beautiful women's dating website. >> big beautiful women. >> and it's $3 million. >> oh. >>> this is interesting. the people on the website are larger than christina aguilera, for sure and a lot of people are saying this is unfair. yeah, she's gaped weight, but it's nothing -- she's normal. i think, by the way, she looks great on "the voice." >> she ask does. she's not happy about it. pardon me? >> i said she does. she looks great. i agree with you. >> well, she didn't take too well to the offer. they're rejecting it out of hand. there will be no christina aguilera this website. >> all right, $3 million not enough to get her to go. >> thank you as all. and a programming note about tmz on tv, it's going to move to 7:

board. outside on our michael & son weather camera, looking good this morning. nice and dry. there are a few clouds out there. high ones according to reagan national observer. 49 degrees with no wind to be reported and our humidity sitting at 77% this morning. so it's comfortable. it's cool. not as chilly as it is in northern new england where they're near freezing in caribou and also parts ever the rockies we have -- of the rockies we've got lots of 30s. look at the 50s and 60s here. that's out ahead after storm system pushing across the northern plains. this is our next weather maker. it's up here. the showers this morning in the dakotas down through nebraska. this is going to be thursday night's rain the way it's looking right now. for us ahead of it, just these high clouds continue to stream in from time to time giving us that milky sunshine if you will before the day. nothing coming to us except the occasional cloud through the afternoon. tonight clear to partly cloudy with temperatures which be dropping into the 40s and as. here's the forecast quickly. 70 today. tonight

the new board took over, michael o'neill sitting in as chief. what role did they play? was there any shareholder pressure? >> there was a lot of pressure from the board from shareholders and analysts. and many saw him as being too professorial. and time to go with banker. and they are tired of being in crisis mode. they want to move forward with growth and continuation of capitol building. also they want to shrink the balance sheet. citigroup's balance sheet is $2 trillion. how about shrinking it more and cutting off the peripheral business and returning capital to shareholders. they pay a penny per quarter. maybe this spring we will have better news on the dividend front. lori: your last comment on mr. corbett who was overseas and he oversaw the bad banker citigroup. is he the right successor? >> sure. he comes from the europe, middle east and africa division which has been growing pretty strongly and he is the right age, age 52, right experience and he will be a good leader for citigroup. we don't know much about him yet, but based on what we do know he is probably the

michael is buying across-the-board on the coal sector, console peabody, arch coal, alpha natural. . >> tech resources another name i like. go another derivative off of this talk about joy global, caterpillar, one other way, your favorite, a name you probably have more of, ge. they have gotten themselves a little bit deep near this whole mining, a lot more into the acquisition tape, smaller. talking about as 5 billion revenues portion of their business. mike holland all over this story as well. i love this the direction ge continues to innovate themselves and become a far different company than five years ago. >>> up next, some traders aren't buy nothing china's slow down fierce and putting their money where their mouths r that story. >>> later, a trade of the day that is just what the doctor ordered. stick around. going too lift the curtain and reveal what it is later on in the show. mike rowe here at a ford dealer with a little q&a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a reba

the board might have said good riddance even if it was pandit's decision to jump. last question, michaelre was a -- charles, sorry, if there was a dispute over comp -- a dispute over strategy, do you imagine it was the board asking things like why aren't we part of this refi boom? why are we not a bigger player in u.s. mortgages, or were they just tired of emerging markets? tired of international? >> so we're all speculating here, i think, frankly, the smith barney deal did not go well from citi's point of view. they got their head handed to them in that negotiation and lost billions of dollars, who knows if there were board members who were not happy about how all that went down. they're now basically out of the asset management business and probably some board members who aren't happy about that. you and i are starting to speculate but, again, no way they fired him. >> yeah, well, given all the speculation, just all the more reason the company has to clarify what's going on, charles, thanks so much for your time. good to see you. >> thanks for having me. >> charles b-- charles bobrinsk

and citigroup announced the departure of vikram pandit after a clash with the board of directors he was to be replaced by michael corbat who with was a citigroup insider. i spoke to him soon after his rez ig nation and he told me quote this was my decision. it was time. after five years, i accomplished what i set out to do. >>> they continued down on friday. key technology earnings intel beat expectations but offered weak guidance. ibm met expectations but missed on re knew and microsoft missed expectations. >>> among financial, citi, and goldman came in but revenues fell short. it is a busy important time for your portfolio and the economy. what impact will they have? joining me with answers is ken rogoff, the professor of economics at harvard. wonderful to have you on the program. >> thank you, maria. >> as we get closer to the election, tell us what impact you think either can at this time would have on the economy. i know you are not afill yatd or advising either campaign, yes? >> i'm not. i mean, if they got their vision put in place, then i think they are very different. i have to say my best guest is the

michael bordon, neel patel. >> good afternoon, members and chair of the board. thank you for this opportunity to share my a project that i fully support as outlined earlier today. this is the first that i've spoken at a hearing of this kind and i do so today because i believe this is a critical project for san francisco that will directly -- for me, san francisco has been a beacon of hope, a source of inspiration in a place that has shown the rest of the world what a great city can be. as a gay teenager growing up in the south, struggling to accept myself in a place that was not supportive san francisco offered me hope and made me realize there would be a place for me in the world as a gay man. studying in our city's great university ucsf inspired me to dead cat my research. today san francisco and its institutions continue to inspire me. in a world grabingly with global warming i'm inspired to make san francisco the city with the highest per capita bicycle use and have a bicycle network that is safe and convenient for everyone. i am inspired by this vision but

the board obviously wanted him out. >> yeah. >> michael corbat, that's an interesting take. you're right. they combine the chairman and ceo roles with this new position. >> no, because it's mike o'neill's agenda. anyone can go into that slot, and it's mike o'neill's agenda. >> okay. chairman's agenda on that. in terms of job cuts, you've been saying we're going to get more layoffs on wall street. what are you expecting? >> you've seen lot of european banks have layoffs. this gets back to the question you asked me about warren buffett. the only way banks will return on assets and equity is if they streamline the business and get more profitable. shareholders are saying, we're not interested, because the returns are not good enough to invest in. >> we saw light revenue growth. that's the only way they're going to boost the bottom line, cut down expenses. >> the bottom line is clearly boost by qe-3. that only affected the big banks. the big banks have a lot of wood chopping to do. you have efficiency ratios in the 60% range, which they should be in the 40% range. there's a long

there's something else there. >> now just reading through this the chairman of the citigroup board of directors michaelikram's decision since his appointment until the present time he's restructured and recapitalized and strengthened and refocused business." >> you know how they say that. you never know whether we're happy about his decision to honor what we wanted him to do sometimes. i don't know. >> he did seem like he made it through the roughest time for that company, finally starting to turn the corner. >> ceo and coo, correct, so both are gone. >> you're right, coo and president are gone, too. >> what? >> havens is gone, too. the coo and president. >> top two. >> i don't know what to make of this at this point. >> ahh, yeah. the fundamentals we have in place are solid, we are on the right path, this is corbat talking. in this market we must allocate our resources and our products with the highest potential and productive business. >> stock is trading down on this, 36.66 was where it closed yesterday and the premarket it's at, well the bid/ask is 35.72 to 35.75, and -- wow. >> and here we're back

michael says his lawyers and her staff were all on board to try to get her help for substance abuse.nd before we could do anything, she left and went to another hotel. but everybody was on board to david feldman, even larry thompson from the producer, and all these people who loved her, they were all ready to do this. >> lindsay's team says they're not associated with michael or his actions. >>> remember foreign italian leader berlusconi? she said she saw clooney at one of his infamous parties. clooney said he was not at the party. >>> a mom and her daughter have been reunited, a special moment that brought lots of cheers and tears. familygram arranged this surprise homecoming. >> after four tours of duty, months of being away from home, army sergeant melanie webb just back from afghanistan counted down the seconds when she would be reunited with her little girl. >> she has no idea. >> maya and her third grade class didn't know that their principal planned a surprise homecoming. a moment which brought family, friends, and of course mother and daughter to tears. >> i love you. >> i lo

michael davis? mr. davis? >> good evening, commissioners. what we have ais a special order of business asking the board of education to authorize the superintendent or disi gony to negotiate with the leader high school which is a non-profit 501 c3 corporation and enter into a lease agreement with a charter school grant for the use of the site located at 300 seneca avenue, san francisco, california. basically what we have here is an opportunity to allow leadership high school to move from its current location on the top floor of denyman middle school to the site of 300 seneca. it is currently being modernized and renovated and expected to be completed by december of 2014 for occupantcy for january 2015. we would like the board's authorization to enter into a lease agreement under which we would designate 300 seneca as the site of leadership high school charter school for acceptance of the prop 1 d funds for which they have already applied. this will allow us to recoup on a 50/50 match basis, some of the $12 million that we are already slated to spend from the 2006 bond proceeds on that moderization. >> thank you, mr. day sis. any questions about t

board. he's gone all out in previous years, shows to michael jackson's "thriller" and, of course, "monster mash've got to be dancing to that. >> dancing out with the lights. >>> a new high-tech payment system could make searching your pockets for cash or your credit card outdated. >> a supermarket chain in northern france is testing this out. customers can make purchases at the touch of a finger, using a biometric reader. data is exchanged between the credit card and fingerprint reader. >> it works like a card as long as the card is a short distance from the reader. the company behind the idea is called natural security. and the technology is designed to ensure the protection of your private information. >> if you lose your credit card, you're not going to lose your finger. >> exactly. >>> still to come, a matter of life and death caught on video. how a driver rushed in to save a child's president obama: i'm barack obama and i approve... this message. anncr: victims. dependent. that's what mitt romney called forty-seven percent... of americans. including people on medicare. but what about his p

. >>> convicted killer michael skakel is seeking freedom before going in front of a parole board todayen years of a 20-year sentence for the 1975 death of his teenager neighbor. >>> three members in a maternity ward testified against robert f. kennedy who is accused of kicking a nurse and twisting another's arm when he tried to take his newborn son out for fresh air last january without the hospital's permission. he's facing misdemeanor, harassment and child endangerment charges. one nurse says she reached out to steady the infant's bobbing head when kennedy kicked her squarely in the pelvis. >>> and an apology to president obama after mitt romney's son. tagg romney said he was sorry for saying, quote, he wanted to take a swing at him during the second presidential debate. but the best line goes to josh romney who says he's been punched by tagg a few times and, quote, president to obama has nothing to worry about. >>> checking the tropics now, tropical storm sandy is getting stronger, it is not a hurricane just yet but it is expected to become one creeping closer to jamaica. people hav

i was there the night they clinched, and michael morse was waiting on deck, the big slugger, "the beast," and he saw the flashing on the board that the braves have lost and there was a look on his face like the rhst of washington, like that. >> schieffer: it's really been a lot of fun to watch. i just want to go around the horn here as we say in baseball. tony lasorda, i'll start with you. who do you like in the play-offs? who do you think we're going to see in the world series? >> well, i've said this time and time again, pennants, play-offs, and world series are won or lost in the bullpen. and the team that has the best bullpen is going to be the team that's going to win it. >> schieffer: and who do you think that is? >> well, sense natty with chapman, he's an outstanding one. and if strauss berg was pitching, that would make washington a pretty good favorite. so i think-- >> schieffer: strasberg is not playing, though. >> the cincinnati bullpen is stronger at this particular time. >> schieffer: another tony, what do you think? >> well, i think he makes a good point about the bullpen. lobby at baltimore, they haven't lost

board couldn't see. >> cenk: all right now everybody is here, ana kasparian, michael shure, jayar jackson, they join us this conversation. as i listen to that i think that's one of the dumbest things i ever heard. now we have partisan gridlocks let's make sure that we award the republicans because they won't work with the democrats let's just award the republicans. >> you be are saying there is a partisan gridlock and then you want to give the guy that will give them what they want. i don't care what they're endorsing. i feel like as a newspaper you should not be endorsing anybody. i don't care in it's the editorial board i'm not interested in that. >> cenk: we discussed that earlier in the day. we know that newspapers have been endorsing candidates for a long time. why do they do that? >> generally the history of the newspaper endorsement was about the best chance for good change in that locality. if you were from iowa, and it was 1976, and they endorsed jimmy carter in 1976, they felt he would be a better president for iowa and des moiness. that was the paper of the state. they endorsed romney in the

michael kahn on our web site, nbr.com. it's under the blogs tab. trading volume totaled 668 million shares on the big board8 billion traded on the nasdaq. all ten of the major stock sectors were lower, led by the materials sector, down 3% and energy falling 2.4%. the financial sector was down 1.6%. chemical giant dupont pushed the materials group down. as erika mentioned earlier, dupont was among the companies with a disappointing quarter and outlook. earnings per share were 14 cents less than estimates. revenues also came up short. the company will cut 1,500 jobs, blaming half the cuts on a weaker economy. shares fell hard, down 9.1% on heavy volume. it was the leading percentage loser among dow jones industrial stocks. 3m also pressured the dow with shares falling 4.1%. this is the stock's lowest close since late july. it was a familiar refrain. quarterly earnings were less than estimated and revenue was disappointing. the company cut its forecast, thanks in part to a strengthening u.s. dollar cutting into its overseas profit margins. other big names moving after their earnings today included united tech