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now the mickelson part. >> of course, go ahead -- no, what happens is he tells mickelson, walters does tip. but here's the key, he doesn't give him anything specific like it's an earnings report, okay, or there's bad or good news. he just tells him -- liz: can't believe i'm hearing this from you. you worked at the sec. you have looked at this. in one week phil mickelson make a profit of -- >> it doesn't matter. you could make 100 million. if you didn't do anything wrong -- i said originally mickelson did nothing wrong a year ago. >> here's another reason why. they don't have any evidence that when waters told mickelson anything other than buy the stock, that's number one. number two, they don't have any benefit where mickelson is paying back walters. >> excellent point, because the second circuit case that everybody talks about, newman, big deal, says that if charlie gives me a tip, i have to know as a receiver that he's getting the benefit. liz: but, doug, doesn't it look strange to you that phil owed this gambler money? >> he's a gambler, so what? liz: he has 79 million in career ear
now the mickelson part. >> of course, go ahead -- no, what happens is he tells mickelson, walters does tip. but here's the key, he doesn't give him anything specific like it's an earnings report, okay, or there's bad or good news. he just tells him -- liz: can't believe i'm hearing this from you. you worked at the sec. you have looked at this. in one week phil mickelson make a profit of -- >> it doesn't matter. you could make 100 million. if you didn't do anything wrong -- i said...
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four years ago mickelson got a tip about a well-known sports better in las vegas mickelson owed moneylters' tip was based on insider information, mickelson may not have known that but went all in. >> based on these december kiis he bought $2.4 million in the stock. >> that $2.4 million he put in according to this complaint from the scc was nearly ten times anything he had already had in his stock portfolio. they are claiming he had $250,000 in his stock account, brokering account. the shares popped 40% and mickelson sold the shares and paid off his debt. they are calling him a relief defendant which means he has to return the money, a little over $1 million. he's doing that but not being charged with insider trading. officials were repeatedly asked if he's getting special treatment. they say that's not the case. they just don't have evidence they knew this was bad information. mickelson released a statement regret for falling short of the high values he shares with the people around him. for his many, many sponsors, so far nothing negative pull back and saying they appreciate what he
four years ago mickelson got a tip about a well-known sports better in las vegas mickelson owed moneylters' tip was based on insider information, mickelson may not have known that but went all in. >> based on these december kiis he bought $2.4 million in the stock. >> that $2.4 million he put in according to this complaint from the scc was nearly ten times anything he had already had in his stock portfolio. they are claiming he had $250,000 in his stock account, brokering account....
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simply put, mickelson made money that wasn't his to make.against mickelson makes clear that we will pursue both those who engage in insider trading and those who profit from it. the bottom line is that today's action is brought to light an egregious and large scheme that reach into the highest levels of the courtroom. and davis breeched the law despite being in dire financial strait straits, and walters made at least $480 million based on the gambling of a sure thing. today's actions would not have been possible without the efforts and the dedication of the important law enforcement officers. first the 71st district of new york which is very important pa partner against insider trading and the securities law violations general ly. i want to thank the federal bureau of investigation, and the postal inspection for their investigation, and finra in the tireless surveillancing of the vast markets. finally, are let me recognize the fcc staff who are talent and -- >>> okay. we are listening to the director of andrew serezzni saying that the golfer
simply put, mickelson made money that wasn't his to make.against mickelson makes clear that we will pursue both those who engage in insider trading and those who profit from it. the bottom line is that today's action is brought to light an egregious and large scheme that reach into the highest levels of the courtroom. and davis breeched the law despite being in dire financial strait straits, and walters made at least $480 million based on the gambling of a sure thing. today's actions would not...
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phil mickelson owed the gambler money. that's why the trade happened.he gambler passed him a tip and said, hey, want to trade in dean foods. phil mickelson made the trade, profited about $931,000 on the single trade. then allegedly repaid his gambling debt. this is all about gambling, golf and business lifestyle all three men participated in to one degree or another. >> we'll hear more about the case. thank you. >> you bet. >> television network executives are presenting the fall schedules to a host of advertisers. hoping to lure in more ad dollars. these up fronts as they are called mark an important time of year for broadcasters battling back against the fast growing digital world. according to julia borsen this time around what's old is new again. >> television giants wrapping up the up fronts expect a 5% increase in ad dollars. that's the first increase in five years amid a seismic shift in the way people consume content. judging from the network plans released this week in the up fronts, content is king. >> advertisers know to get the reach of tele
phil mickelson owed the gambler money. that's why the trade happened.he gambler passed him a tip and said, hey, want to trade in dean foods. phil mickelson made the trade, profited about $931,000 on the single trade. then allegedly repaid his gambling debt. this is all about gambling, golf and business lifestyle all three men participated in to one degree or another. >> we'll hear more about the case. thank you. >> you bet. >> television network executives are presenting the...
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mickelson, hey, you should buy this stock. mr. mickelson owes mr.ccording to the allegations. he goes out and buys $2.4 million worth of the stock when he's got $250,000 in his stock account, and all of a sudden he makes a million dollars. and all he gets is to have to give the profits back? jason is right. he should not only have to give the profits back, but he should have to pay a penalty. this is -- [inaudible] greg craig, and it's just my opinion -- deirdre: it sounds like a pretty solid one. [laughter] >> well, it's just, i mean, think about it. he works for, he worked for the obama administration. he knows all these people. and, i mean, what else can explain it? i know jason is scratching his head like i am. if you or i or jason had done this, we'd be in orange jump suits right now. deirdre: i was just going to say, somebody would be making us cakes with files. come back both of you, in the meantime, we thank you both, craig smith and jason rotman. >>> student protesters are swarming california state university to barricade the entrances wher
mickelson, hey, you should buy this stock. mr. mickelson owes mr.ccording to the allegations. he goes out and buys $2.4 million worth of the stock when he's got $250,000 in his stock account, and all of a sudden he makes a million dollars. and all he gets is to have to give the profits back? jason is right. he should not only have to give the profits back, but he should have to pay a penalty. this is -- [inaudible] greg craig, and it's just my opinion -- deirdre: it sounds like a pretty solid...
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mickelson here a relief defendant. he has not been charged. that's right, not named by prosecutors. but he hasbeen sued, agreed to pay back the money he got. sometimes, we will see them chase a bunch of family member trades on information that was passed. it was not part of the scheme of an inadvertent action. the money was questionable how it was on, but not part of the scheme. i think mickelson is very happy to pay this money and have it all go away with no legal entanglement. causedwhat was it that dean foods' stock to spike the next day? winnie: not just once, but multiple times. got information about a possible spinoff of the company. all of this was nonpublic and being passed by davis. had a fiduciary duty, and he was passing that on to walters. davis had money troubles at various points, and he was benefiting, which is a clear-cut example of insider trading. phil mickelson -- has he commented? he has a good lawyer. what is he saying about all of this? he says he is innocent and did nothing wrong. yes, he may have been tipped off, but he
mickelson here a relief defendant. he has not been charged. that's right, not named by prosecutors. but he hasbeen sued, agreed to pay back the money he got. sometimes, we will see them chase a bunch of family member trades on information that was passed. it was not part of the scheme of an inadvertent action. the money was questionable how it was on, but not part of the scheme. i think mickelson is very happy to pay this money and have it all go away with no legal entanglement. causedwhat was...
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mickelson owe wdrsalte money at the time.eek later when the stock skyrocketed, mickelson pocketed nearly $1 million. some of which he paid back to walt walters. >> simply put, mickelson made moon that wasn't his to make. >> reporter: the details emerged thursday as the sec slapped warlts and former dean foods chairman tom davis with federal criminal charges. according to court documents, between 2008 and 2012, walters made tens of millions off insider information from davis. the two allegedly communicated on a prepaid cell phone to avoid detection. and even referred to dean foods in a code, calling the company "the dallas cowboys." >> it was all good news for walters because he had the information before >> reporter: as a world-renowned gambler, walters' success has attracted scrutiny in the past, including allegations of money laundering. he spoke about that in a 2011 interview on "60 minutes." >> how many times have you been indicted? >> four. i was indicted three times by the attorney general's office in nevada for the sam
mickelson owe wdrsalte money at the time.eek later when the stock skyrocketed, mickelson pocketed nearly $1 million. some of which he paid back to walt walters. >> simply put, mickelson made moon that wasn't his to make. >> reporter: the details emerged thursday as the sec slapped warlts and former dean foods chairman tom davis with federal criminal charges. according to court documents, between 2008 and 2012, walters made tens of millions off insider information from davis. the two...
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is claiming mickelson made that after getting a tip from billy walters because mickelson, a well-knowner, owed walters money. so the golfer bought nearly $2.5 million worth of dean food shares, that's far larger than any other investment he had in his portfolio. he had to borrow money from his broker on margin loans to do it. a week later the stock shot up 40%, he cashed out and paid his debt off. now, this is important here, you touched on it, mickelson is going to have to pay back that -- those profits plus interest. but he's not being charged with insider trading because apparently there is there isn't enough evidence to show he knew the tip was illegal. but listen to, this again and again they were asked was he getting special treatment. >> i don't think it sends that message. i think it sends the message we make charging decisions based upon the evidence and the law. >> as you heard, mickelson released a statement taking personal responsibility, expressing regret. sponsor kpmg which had its own insider trading scandal a few years ago tells us "we appreciate that phil's statement m
is claiming mickelson made that after getting a tip from billy walters because mickelson, a well-knowner, owed walters money. so the golfer bought nearly $2.5 million worth of dean food shares, that's far larger than any other investment he had in his portfolio. he had to borrow money from his broker on margin loans to do it. a week later the stock shot up 40%, he cashed out and paid his debt off. now, this is important here, you touched on it, mickelson is going to have to pay back that --...
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unbelievableable shot by mickelson. known for his uncanny ability to get out of any situation on the course. >> incredible -- >> off the course phil mickelson finds himself in unchartered territory. the fcc looking into how the successful pitch man made an almost $1 million profit off a stock in one day. >> simply put mickelson made money that was not his to make. you shouldn't get to keep it. we have not charged him with insider trading. >> the fcc says it stemmed from a stock tip from friend and gambler billy walters. telling him to invest in a company called dean foods, but walters tip was allegedly from insider information from thomas davis, the former chairman of dean foods. >> mickelson agreed to pay back the full amount with interest. he feels vindicated but takes full responsibility to the decisions and associations that led him to be a part of this investigation. >>> scandal plagued volkswagon agreed to a pay raise for its workers, the industrial union agree the to the wage increase and could help the 19 countr
unbelievableable shot by mickelson. known for his uncanny ability to get out of any situation on the course. >> incredible -- >> off the course phil mickelson finds himself in unchartered territory. the fcc looking into how the successful pitch man made an almost $1 million profit off a stock in one day. >> simply put mickelson made money that was not his to make. you shouldn't get to keep it. we have not charged him with insider trading. >> the fcc says it stemmed from...
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mickelson's bookie. know how else to frame it. the guy calls and says buy this stock. wouldn't that pass some legal muster as a benefit under the rules of the law? >> if he doesn't know that there is inside information behind the trade, then there is no liability. but we're talking about the new elevated rule that the newman case imposed which says not only do you have to know that this is material, nonpublic information that has been in effect stolen or misappropriated from the company, but that there was a payment made by the tippee to the tipper. i don't think he is being sued for multiple damages as the sec could sue him because there say problem in prove in showing he knew this additional fact. >> you know, seth, this case today is sort of coming out with a resolution. so we're talking about it. it is actually been going on since last year. last august or july there was talk about mickelson being investigated around dean foods. why did anything take so long to get here? take us inside the process. d
mickelson's bookie. know how else to frame it. the guy calls and says buy this stock. wouldn't that pass some legal muster as a benefit under the rules of the law? >> if he doesn't know that there is inside information behind the trade, then there is no liability. but we're talking about the new elevated rule that the newman case imposed which says not only do you have to know that this is material, nonpublic information that has been in effect stolen or misappropriated from the company,...
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goter phil mickelson insider information from dean foods. this when wew return on "bloomberg markets." ♪ mark: live from london and new york. betty: this is the european close. fiat chrysler recalling about 500,000 jeep wrangler suvs worldwide. the recall covers wranglers from the 2007-2010 model years. they are not aware of any injuries blamed on the problem. its car sharing service to boston, chicago and washington. chargeser to zip car eight dollars an hour. that is your bloomberg business flash for this hour. mark: deutsche bank holding its investor meeting in frankfurt today. said he is committed to the securities trading business. investor sentiment was rather mixed. >> if you make a record loss, positive --tart off at the same time, coming back to shareholders saying we have a new system and we want you to approve it. there was not enough concentration to shareholders. >> we want some answers on our corrections where deutsche bank is spending in five years. deutsche bank seems to be a large restructuring unit. where does the banking b
goter phil mickelson insider information from dean foods. this when wew return on "bloomberg markets." ♪ mark: live from london and new york. betty: this is the european close. fiat chrysler recalling about 500,000 jeep wrangler suvs worldwide. the recall covers wranglers from the 2007-2010 model years. they are not aware of any injuries blamed on the problem. its car sharing service to boston, chicago and washington. chargeser to zip car eight dollars an hour. that is your...
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from phil mickelson himself.y lengthy. several parra graphs long. let me read you the highlights of what phil mickelson has to say. the sec has now completed its investigation into the investment and concluded that phil mickelson did not engage in any wrongdoing. the sec filed a civil complaint against certain individuals including an acquaintance of phil's but that complaint does not assert that phil mickelson violated the securities laws in any way. on that point, phil feels vindicated. he also says here that he's going to return all of the money from the particular transaction in 2012 and he says phil understands and deeply respects the high professional and ethical standards that companies he represents expect of their employees. so that's a statement from phil mickelson. we'll wait to see what more detail we get on this at noon. back to you. >> all right. thank you for the update. >>> take another look at walmart. it having the best day, biggest one day jump since october 2008. it's up almost 9% helping the
from phil mickelson himself.y lengthy. several parra graphs long. let me read you the highlights of what phil mickelson has to say. the sec has now completed its investigation into the investment and concluded that phil mickelson did not engage in any wrongdoing. the sec filed a civil complaint against certain individuals including an acquaintance of phil's but that complaint does not assert that phil mickelson violated the securities laws in any way. on that point, phil feels vindicated. he...
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authorities say walters passed on one of those tips to phil mickelson who owed him money. they say mickelson made $931,000 on a stock trade and used the proceeds to pay off walters. >> when the board member of a fortune 500 company feeds inside information to a professional gambler who makes a killing on well time trades in that very company stock, that is a form of corruption. >> now, phil mickelson will not face charges and the former director has already pled guilty in the case and is cooperating with the investigation. as for william walters, he was arrested on wednesday in las vegas. >>> it's 4:17. want to go right out to sal and, unfortunately, we are starting with a fatal accident on the bay bridge. >> that's right. eastbound bay bridge, dave and pam, there is a crash blocking the three right lanes. now, we have traffic that is going to be slow -- or not that slow, actually, because it's so early but you can see the deadly crash scene right there on the bay bridge before treasure island. now, we did get video of the crash scene from about 30 minutes ago, ktvu report
authorities say walters passed on one of those tips to phil mickelson who owed him money. they say mickelson made $931,000 on a stock trade and used the proceeds to pay off walters. >> when the board member of a fortune 500 company feeds inside information to a professional gambler who makes a killing on well time trades in that very company stock, that is a form of corruption. >> now, phil mickelson will not face charges and the former director has already pled guilty in the case...
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>> an unbelievable shot by mickelson!e's the golf superstar with 42 pga titles. >> incredible. >> reporter: known for his uncanny ability to get out of any difficult situation on the course. >> oh, my goodness! >> incredible. >> can you believe this? >> reporter: off the course, phil mickelson finds himself in unchartered territory. >> i'm phil mickelson, pro golfer. >> reporter: the s.e.c. looking into how the successful pitchman made an almost $1 million profit from stock in nearly one day. >> simply put, mickelson made money that wasn't his to make. when you make money that you're not entitled to, you should not get to keep it. we have not charged him with insider trading. >> reporter: it all stems from a stock tip he received in 2012 from friend and noted gambler billy walters. walters allegedly telling mickelson to invest in dean foods. the problem? walters' tip was allegedly the result of inside information he received from thomas davis, the now former chairman of dean foods. mickelson has agreed to pay back the ful
>> an unbelievable shot by mickelson!e's the golf superstar with 42 pga titles. >> incredible. >> reporter: known for his uncanny ability to get out of any difficult situation on the course. >> oh, my goodness! >> incredible. >> can you believe this? >> reporter: off the course, phil mickelson finds himself in unchartered territory. >> i'm phil mickelson, pro golfer. >> reporter: the s.e.c. looking into how the successful pitchman made an...
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a block esther insider trading the head of dean foods and phil mickelson.will bring you all the details of this fascinating case. we will be back. ♪ betty: this is bloomberg markets. i'm betty liu. coming off of our lows of the session, kind of climbing down a little bit. the s&p lower high .3%. erased the gains for the year. time for the bloomberg business lash and a look at the biggest business stories in the news right now. saudi arabia said to sell its first bonds and the international capital markets, looking for foreign financing to like it was it -- to plug it budget deficit. they are said to have said invitations to tanks to arrange a sale and expect an issue of a significant amount. banks are expected to respond next week. it will probably take place after the muslim month of ramadan. union credit is considering a sale in its stake of financial bank and reviewing its holdings in turkey. unicredit is looking at measures including selling as much as 50% of one company. they are looking to replace the ceo who has repeatedly ruled out a share sale. esp
a block esther insider trading the head of dean foods and phil mickelson.will bring you all the details of this fascinating case. we will be back. ♪ betty: this is bloomberg markets. i'm betty liu. coming off of our lows of the session, kind of climbing down a little bit. the s&p lower high .3%. erased the gains for the year. time for the bloomberg business lash and a look at the biggest business stories in the news right now. saudi arabia said to sell its first bonds and the...
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. >> federal officials announcing criminal indictments in insider trading involves phil mickelson las vegas investor gambler walters as well as thomas davis former chairman of dean foods named in the indictment says walters passed inspire information to mickelson who owed him money for betts mickelson named as release defendant in the case he benefited from the wrongdoing but is not accused of any illegal activity he was not charged but it will cost him. >> and he has agreed subject to court approval, to settle pay over one million dollars in profits prejudgment interest from trading to the government. mickelson will repay money made from trading in dean foods because he should not be aloud to profit from walters illegal conduct. >> he said rogers gave mickelson inside information about an upcoming spin-off dean foods is planning mickelson made 931,000 dollars on that stock tip. >> coming up, once again we continue to follow the breaking news, this morning, that the egyptian military says they have found debris, from flight 804 they are looking for the black box, we will have the late
. >> federal officials announcing criminal indictments in insider trading involves phil mickelson las vegas investor gambler walters as well as thomas davis former chairman of dean foods named in the indictment says walters passed inspire information to mickelson who owed him money for betts mickelson named as release defendant in the case he benefited from the wrongdoing but is not accused of any illegal activity he was not charged but it will cost him. >> and he has agreed subject...
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. >>> phil mickelson escapes insider trading charges from nonpublic information. >>> why members of congress were chanting shame, shame, shame? >>> meet an american who was lured into the world of isis as a fighter. >>> good-bye to a story-telling legend. "early today" starts right now. >>> good morning, everybody. thanks for joining us today on this friday, i'm betty nguyen. >>> french investigators have just arrived in cairo as the search resumes for e a more than 30 hours after vanishing from radar. the air bus carrying 66 people departed from paris and disappeared over the mediterranean sea shortly before it was to land in cairo. wreckage was found in the mediterranean but later confirmed the debris was not the missing plane. nbc news has learned from data officials there was some sort of explosion on the plane. here is what the transportation minister had to say during a press conference yesterday. while no americans were on board, the u.s. has joined great britain, france and greece to offer support to egypt as it takes charge of the investigation. there has been no claim of responsibi
. >>> phil mickelson escapes insider trading charges from nonpublic information. >>> why members of congress were chanting shame, shame, shame? >>> meet an american who was lured into the world of isis as a fighter. >>> good-bye to a story-telling legend. "early today" starts right now. >>> good morning, everybody. thanks for joining us today on this friday, i'm betty nguyen. >>> french investigators have just arrived in cairo as...
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>> reporter: off the cows, phil mickelson finds himself in unchartered territory. >> i'm phil mickelsonreporter: the s.e.c. looking into how the successful pitchman made an almost $1 million profit from stock in nearly one day. >> simply put, mickelson made money that wasn't his to make. when you make money that you're not entitled to, you should not get to keep it. >> reporter: it all stems from a stock tip he snooefd 2012 from friend and noted gambler billy walters. walters allegedly telling mickelson to invest in dean foods. the problem, walters' tip was allegedly the result of inside information he received from thomas davis, the now former chairman of dean foods. mickelson has agreed to pay back the full amount with interest. michakelson reps telling abc ne overnight he feels vindicated but takes full responsibility for the decision and associations that led him to becoming part of this investigation. phil mickelson has not been accused of any criminal wrong doing. he was not charged with insider trading. his spokes person telling abc news phil feels vind gated. >> all right, rebec
>> reporter: off the cows, phil mickelson finds himself in unchartered territory. >> i'm phil mickelsonreporter: the s.e.c. looking into how the successful pitchman made an almost $1 million profit from stock in nearly one day. >> simply put, mickelson made money that wasn't his to make. when you make money that you're not entitled to, you should not get to keep it. >> reporter: it all stems from a stock tip he snooefd 2012 from friend and noted gambler billy walters....
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the third prong of this is phil mickelson. s.e.c. is suing the pro golfer -- i'm going to back you up. he is not actually being sued. a complaint was filed. he has actually agreed to pay back the profits he made, but mickelson says it vindicates him . he's not being charged with anything. he's going to pay it back and he feels completely vindicated. what is unusual about this is they ask for someone to pay back money and did not sue them. that is really quite remarkable. winnie: i think it goes to the heart of how the definition of insider trading has come down to a bottom line these days. on the other hand, the guys who were charged clearly both benefited. davis got the loans, walters got the tips and made a lot of money. mickelson made money, but as to if he knew he was getting information from the inside, none of that was clear. i think in this case, it is the brazen nature of the whole thing. got a prepaid cell phone from walters, and they reached an agreement on how they were going to exchange information. to call dean foods dal
the third prong of this is phil mickelson. s.e.c. is suing the pro golfer -- i'm going to back you up. he is not actually being sued. a complaint was filed. he has actually agreed to pay back the profits he made, but mickelson says it vindicates him . he's not being charged with anything. he's going to pay it back and he feels completely vindicated. what is unusual about this is they ask for someone to pay back money and did not sue them. that is really quite remarkable. winnie: i think it goes...
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more on mickelson's money. we're going to go inside lefty's wallet. wait til you see what the pro golfer keeps in miss wallet. and charlie breaks it. we're less than an hour to the closing bell on this friday, let's start the "countdown." ♪ ♪ liz: here we go. as the fed fears fly away, tech takes flight. markets are higher right now, but it's going to be a horse race to the finish. will we end higher for the week? right now the bulls have wings, but to achieve real liftoff to win for the year, we need to close above the current key levels on your screen. look at the dow, 17,425, we're at 17,500 right now. this is for the year, remember. the s&p comfortably above the 2043 threshold, the nasdaq not even close right now. but to tech, which is doing really well, and you can credit an old school silicon valley name for the gains on the nasdaq. no unicorn here. applied materials makes the equipment that helps companies like intel and qualcomm and invidia make semiconductor chips. they came in with a big third quarter profit win, demand particularly strong f
more on mickelson's money. we're going to go inside lefty's wallet. wait til you see what the pro golfer keeps in miss wallet. and charlie breaks it. we're less than an hour to the closing bell on this friday, let's start the "countdown." ♪ ♪ liz: here we go. as the fed fears fly away, tech takes flight. markets are higher right now, but it's going to be a horse race to the finish. will we end higher for the week? right now the bulls have wings, but to achieve real liftoff to win...
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golf superstar phil mickelson information to buy stocks and pay off a gambling debt. this morning, why his sponsors are standing by him, despite the scandal. ♪ we won't stop >>> family reunion. our summer concert series is back, and we're kicking it off right as puff daddy and the family get set to take the stage today, friday, may 20th, 2016. >> announcer: from nbc news, this is "today" with matt lauer and savannah guthrie, live from studio 1a in rockefeller plaza. >>> good morning. welcome to "today" on a friday morning. we're happy to welcome back an annual rite of spring and summer. >> unmistakable sign of summer, the crowd is on the plaza. we'll have puff daddy and the family coming up in our 8:30 half hour. >>> breaking news in the disappearance of egyptair flight 804. just this morning, jets and search have located parts of the plane debris. about 180 miles north of alexandria. >> investigators are operating on a theory that terror brought the plane down, but nothing is being ruled out at this point. no one on the jet's manifest has been found on any terror wat
golf superstar phil mickelson information to buy stocks and pay off a gambling debt. this morning, why his sponsors are standing by him, despite the scandal. ♪ we won't stop >>> family reunion. our summer concert series is back, and we're kicking it off right as puff daddy and the family get set to take the stage today, friday, may 20th, 2016. >> announcer: from nbc news, this is "today" with matt lauer and savannah guthrie, live from studio 1a in rockefeller plaza....
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. >> phil mickelson caught up on an insider trading case accused of using confidential information to buy stocks and pay off a gambling debt. why his sponsors are standing by him despite the scandal. ♪ >> and family reunion. our summer conser series is back kicking it off right as puff daddy and the family get set to take the stage friday, may 20, 2016. >> announcer: from nbc news this is "today" with matt lauer and savannah guthrie live from studio 1a in rockefeller plaza. >>> good morning. welcome to "today" on a friday morning. we're happy to welcome back a rite of spring and summer. >> unmistakable, the crowd, we'll have puff daddy and the family coming up. >> we have a lot to get to, though, including breaking news in the disappearance of egyptair flight 804. the egyptian military just this morning jets and ships taking part in the search located part of the debris, 180 miles north of alexandra. >> investigators are operating on a theory that terror brought this plane down. nothing is ruled out at this point. we do know that no one on the jet's manifest has been found on a terror
. >> phil mickelson caught up on an insider trading case accused of using confidential information to buy stocks and pay off a gambling debt. why his sponsors are standing by him despite the scandal. ♪ >> and family reunion. our summer conser series is back kicking it off right as puff daddy and the family get set to take the stage friday, may 20, 2016. >> announcer: from nbc news this is "today" with matt lauer and savannah guthrie live from studio 1a in...
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says phil mickelson made $931,000 after getting a stock tip. from a noted sports gambler.estigators claim mickelson used some of the money to pay the man back, money he allegedly owed. mickelson, so far, not charged with a crime. >>> well, there's going to be a big party tomorrow. the second jewel in horse racing's triple crown, the preakness stakes, is tomorrow. the kentucky derby winner, nyquist, is the favorite. >> nyquist is wearing number 3 tomorrow. the main rival is exaggerator is also being mentioned. you might remember the name exaggerator, he was second at the derby. the 11-horse field can expect a sloppy track. rain is in the forecast. both horses have to contend with that. >> exaggerator says he'll win it all. exaggerating. >> over, and over, and over. >> exactly. >>> one blogger's comments about how to keep your marriage. >>> and one of the most well-known sites in the world, the eiffel tower, is getting ready to host some overnight guests. stick around. world, the eiffel tower, is getting ready to host some overnight guests. stick around. everytime she sniffs
says phil mickelson made $931,000 after getting a stock tip. from a noted sports gambler.estigators claim mickelson used some of the money to pay the man back, money he allegedly owed. mickelson, so far, not charged with a crime. >>> well, there's going to be a big party tomorrow. the second jewel in horse racing's triple crown, the preakness stakes, is tomorrow. the kentucky derby winner, nyquist, is the favorite. >> nyquist is wearing number 3 tomorrow. the main rival is...
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mickelson takes full responsibility for the decision.more after the break. ♪ neil: all right, since this interview, look at cairo airport, a lot of people are saying if i have to put up long lines of tsa if they can stop what happened over there from happening over here i'm for it. john mica, congressman from state of florida, we're getting it wrong. long lines and inconveniences were starting before the incident and doesn't like the idea of agency using this as excuse for the long lines. congressman, good to have you. >> good to be with you. neil: they're saying, congressman, better to wait online than to lose your life. we'll be extra safe, extra cautious. you say what? >> what you see now is theater security and what's happening with the long lines is because tsa, which the media revealed in, and reported that tsa's performance in catching things that posed a risk was 95% failure rate. that's why they came with this crackdown. and that's what, they're doing right now is, they're, they have gone from a risk-based to shaking down everyb
mickelson takes full responsibility for the decision.more after the break. ♪ neil: all right, since this interview, look at cairo airport, a lot of people are saying if i have to put up long lines of tsa if they can stop what happened over there from happening over here i'm for it. john mica, congressman from state of florida, we're getting it wrong. long lines and inconveniences were starting before the incident and doesn't like the idea of agency using this as excuse for the long lines....
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. >>> golfer phil mickelson had to write a check for about $1 million. >> we told you about this as ithappened yesterday on "today in the bay." phil mickelson accused of making a nearly million dollar profit on a stock tip he should not have gotten. this morning securities and exchange commission says it is dropping its investigation as mickelson gives his profits to the s.e.c. dean foods own berkeley farms here in the bay. this guy from horm he'll is really going to close that bell. uber's eventual plan is to replace drivers with robots. we talked in the past about automation replacing lots of jobs. technology costs are coming down at the same time labor costs are going up. you're starting to see self-serve technology. chili's uses a self-ordering kiosk. they don't replace the waiter, but they serve more tables. we are getting so used to this idea of self-serve. you do it all the time at the grocery store. you would go into mcdonald's and see burger, fries, whatever, doesn't seem that strange. >> exactly. >> we were saying a second ago it's amazing it's taken this long for restaurants
. >>> golfer phil mickelson had to write a check for about $1 million. >> we told you about this as ithappened yesterday on "today in the bay." phil mickelson accused of making a nearly million dollar profit on a stock tip he should not have gotten. this morning securities and exchange commission says it is dropping its investigation as mickelson gives his profits to the s.e.c. dean foods own berkeley farms here in the bay. this guy from horm he'll is really going to...
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and one of those tips was passed along to mickelson who used it to make a lucrative stock trade.he complaint did not show he had violated any security laws. and he is not charged with any crime. >>> also trending today on twitter. a new washington post poll finds nine out of 10 native americans are not offended by the washington redskins name. the poll sampled 504 random the country. >>> and now, for a check of our weather. a little sunshine. like you said. we were supposed to see some and we did. >> we did. and see, all day tomorrow. won't have to wait for it tomorrow. but then, don't get too used to it. i mean, we're gill going to go downhill in a way. feel pretty good about this. i lowered it from 70 to 69. not sure how smart that was. i think we'll be okay. we'll add up the numbers for you. looking at temperatures. 69 now. that's good. winds out of the south at 8. and really a very, very nice evening. we'll have two nice evenings in a row. tonight, clear and cool. tomorrow's bus stop temperatures, 46 to 66. so kind of cool, north and west of town, early on. and everybody is i
and one of those tips was passed along to mickelson who used it to make a lucrative stock trade.he complaint did not show he had violated any security laws. and he is not charged with any crime. >>> also trending today on twitter. a new washington post poll finds nine out of 10 native americans are not offended by the washington redskins name. the poll sampled 504 random the country. >>> and now, for a check of our weather. a little sunshine. like you said. we were supposed to...
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given the amount of money we saw how much phil mickelson makes every year.nk of it as the thrill of taking the chance. phil mickelson was doing these trades because he owed billy walters money to pay off debts. if you are making $40 million you don't need to manipulate your stock. the potential of how big the debt was that you are selling off stock. maria: the chairman pleaded guilty, cooperating against walters and walters was arrested wednesday in vegas. on multiple criminal charges going to the journal. >> there is a certain excitement in getting a tip and being successful. you have to assume phil mickelson had successful stock tips and there is a certain thrill about it. if someone says you should buy the stock. it is up 100%. dagen: from weird places all we need is a new pair of shoes. people bet on that. maria: we will be watching. a good analysis. ray kelly will join the team to weigh in on the fast-moving situation out of egypt. the founder of the world record-breaking auction house julian's auctions will join me with a sneak peek of hundreds of icon
given the amount of money we saw how much phil mickelson makes every year.nk of it as the thrill of taking the chance. phil mickelson was doing these trades because he owed billy walters money to pay off debts. if you are making $40 million you don't need to manipulate your stock. the potential of how big the debt was that you are selling off stock. maria: the chairman pleaded guilty, cooperating against walters and walters was arrested wednesday in vegas. on multiple criminal charges going to...
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mcill son, -- mickelson, mcilroy and fowler tide for third.he action today, fifth hole, par 5. birdie putt for hahn. but you really began to take notice of what he was doing when he was over this putt at the seventh hole just as we were coming on the air at 3:00 eastern time. this happened for eagle at seven. and look how he backed it up at the eighth hole, the short four. play this is second shot. just cleared that bunker. the birdie bid at eight. meanwhile, roberto castro at the seventh hole. this was his third shot. throws a wedge at it. spins it back just below the hole. made his bird dwhri at the seventh. now moving up ahead to the 11th. twip it was castro, hahn, and rose all battling. they knew that mickelson and mcilroy had posted seven-under 281. and that set up a birdie at the 14th. this was a beautiful shot by james hahn, wasn't it, nick, at the 15th? nick: yeah, and he played a very strong second shot in to the top side and made easy work of that chip shot. jim: led to a birdie. playing right behind him, castro. nick: his bunker ave
mcill son, -- mickelson, mcilroy and fowler tide for third.he action today, fifth hole, par 5. birdie putt for hahn. but you really began to take notice of what he was doing when he was over this putt at the seventh hole just as we were coming on the air at 3:00 eastern time. this happened for eagle at seven. and look how he backed it up at the eighth hole, the short four. play this is second shot. just cleared that bunker. the birdie bid at eight. meanwhile, roberto castro at the seventh hole....
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mickelson, if you google or internet things are going around phil mickelson over the years doesn't surprise me. he is paying it back and not being charged but that is ob shot. david: actual charge, i don't think it is called a charge, lenore, he is relief defendant. he is relief defendant. if he pays back the money, that $900,000 that he earned, they're going to call it even. i never heard of that. had you? >> it is, this is really difficult one to prove he actually knew that he was taking an action based on insider information. that brings up the, there is a lot of challenges around insider trading. david: there are. >> very difficult and those laws really only affect half of the equation because only really apply when people took action they may not have otherwise taken. those trades that would have happened like you would have sold, you would have bought but you didn't because of insider information, those can't even catch that and phil, we have to give him the benefit of the doubt, that he wasn't really aware. he is professional golfer. he is not really aware maybe of all the rules. dav
mickelson, if you google or internet things are going around phil mickelson over the years doesn't surprise me. he is paying it back and not being charged but that is ob shot. david: actual charge, i don't think it is called a charge, lenore, he is relief defendant. he is relief defendant. if he pays back the money, that $900,000 that he earned, they're going to call it even. i never heard of that. had you? >> it is, this is really difficult one to prove he actually knew that he was...
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authorities say walters passed on one of those tips to mickelson, who owed him money and then mickelson made $931,000 on a stock trade and used the proceeds to pay off walters. mickelson will not face charges. >>> it's 5:18. want to go back over to sal to check in on the friday morning commute. >> yep. >> i have to ask you, sal, because it is friday, what about the traffic jams? >> wow, i don't think we have come up -- pardon me. i don't think we have come up with anything yet. >> thank you. >> my stuff is ready to go. >> okay. >> right? >> okay. >> but one of our detectors has been -- directors has been pushing for ska. i wish we had ska music to pot up here but maybe we will get music. some people might not even know -- ken, the english beat is ska music. thank you. >> yes. >> take a look at highway 4 westbound. i'm not sure if people know what ska is and some of the young sisters don't even know -- youngsters don't even know who the english beat is. this is a look at highway 4 westbound. it does look normal. i'm hoping it stays this way for the friday like action we have going on. ba
authorities say walters passed on one of those tips to mickelson, who owed him money and then mickelson made $931,000 on a stock trade and used the proceeds to pay off walters. mickelson will not face charges. >>> it's 5:18. want to go back over to sal to check in on the friday morning commute. >> yep. >> i have to ask you, sal, because it is friday, what about the traffic jams? >> wow, i don't think we have come up -- pardon me. i don't think we have come up with...
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says phil mickelson made $931,000 after getting a stock tip.ickelson used some of the money to pay the man back, money he allegedly owed. so far, not charged with a crime. >>> the second jewel in horse racing's triple crown, the preakness stakes, is tomorrow. nyquist is wearing number 3 tomorrow. >> you might remember the name xaj rart, he was second at the derby. the 11-horse field can expect a sloppy track. rain is in the both horses have to contend with that. >> exaggerator says he'll win it all. >>> one blogger's comments about how the keep your marriage. >>> and one of the most well-known sites in the entire world, the eiffel tower is getting ready to host some overnight guests. stick around. scent from gain. ♪ upbeat music plays everytime she sniffs... this happens. still there... still still there... well that's how you rock a long travel day. new scent duets from gain it's the gain the keeps on keeping on. sniff, sniff, hooray! when your symptoms start... distracting you? doctors recommend taking ...non-drowsy cl
says phil mickelson made $931,000 after getting a stock tip.ickelson used some of the money to pay the man back, money he allegedly owed. so far, not charged with a crime. >>> the second jewel in horse racing's triple crown, the preakness stakes, is tomorrow. nyquist is wearing number 3 tomorrow. >> you might remember the name xaj rart, he was second at the derby. the 11-horse field can expect a sloppy track. rain is in the both horses have to contend with that. >>...
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we have more on that involving mickelson, on world news after "action news" at 6:00. >>> jaime is here and the phils have a well deserved day off and bowling last night. >> you guys went bowling last night? >> yes, i wish i could say i did okay. >> amazing. >> can't be good at everything. >> the phillies are off today that gives us a chance to reflect on how fascinating they are. a half game out of first thank he have done that by scoring 30 fewer runs than they have allowed. the phillies who have the lowly braves coming to town are tied for the third most wins in baseball, only the cubs and red sox have more. they won seven of think of last eight series, despite scoring five runs or fewer. they have done it with pitching and defense and believing they are in it to win it. >> we show up believing we'll be in the ball game and we have done a great job of finishing games lately and we can continue to do it throughout the season. >> impressive way to grind through the games and find a way to overtake the lead. and buy a couple of rounds here and there. it's been pretty steady and just a m
we have more on that involving mickelson, on world news after "action news" at 6:00. >>> jaime is here and the phils have a well deserved day off and bowling last night. >> you guys went bowling last night? >> yes, i wish i could say i did okay. >> amazing. >> can't be good at everything. >> the phillies are off today that gives us a chance to reflect on how fascinating they are. a half game out of first thank he have done that by scoring 30...
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mickelson will pay the money he made to the s.e.c. around will not face further charges. one person who will never settle is landon dowdy live at cnbc world headquarters. >> good friday morning. wall street will try to rebound from another day of losses. stocks falling thursday on mounting fears that the federal reserve could raise interest rates as early as next month. the s&p index, broadest measure of the markets dropping into negative territory for the year. the dow dropping 91 points to 17,435. nasdaq down 26. >> i told to you get this on your calendar. i'm giving you a reminder, this weekend is the maker faire at san mateo fairground. craziness. general admission starts saturday at 10:00. they call it the greatest show and tell on earth. i highly recommend you go. i also highly recommend you understand that this is going to be your entire saturday just getting there, parking, walking to the event, the crowd, et cetera. easiest way to get there would be by helicopter. >> it's a big deal, start early. >> mike went in a tourist bus and went to the wrong location. he en
mickelson will pay the money he made to the s.e.c. around will not face further charges. one person who will never settle is landon dowdy live at cnbc world headquarters. >> good friday morning. wall street will try to rebound from another day of losses. stocks falling thursday on mounting fears that the federal reserve could raise interest rates as early as next month. the s&p index, broadest measure of the markets dropping into negative territory for the year. the dow dropping 91...
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it involves phil mickelson.im, hit him with charges, phil mickelson discouraging over $900,000, phil mickelson to have owed money to legendary sports bidder, billie walters. so billie walters gets a tip and has been criminally charged by the doj from dean foods chairman, dean foods is going to do a spin-off. this happened in 2012. phil mickelson takes 2.4 million-dollar position in it, gains about $931,000 in profits. phil mickelson saying, yes, he will discourage those profits stuart: sad to see a great golfer like that dragged into the situation. check the big board. close to the low. down 190 points. that is the low of the day. how about walmart? the sell off could be -- it would be actually the sell off on the dow would be more than 200 points if it wasn't for this stock. walmart is a dow stock up a whopping 9%. so that's mitigating the loss for the dow jones industrial average. here's what's next. much more on the egypt flight. we have someone from a trump super pac. he's going to be with us. trump's got mo
it involves phil mickelson.im, hit him with charges, phil mickelson discouraging over $900,000, phil mickelson to have owed money to legendary sports bidder, billie walters. so billie walters gets a tip and has been criminally charged by the doj from dean foods chairman, dean foods is going to do a spin-off. this happened in 2012. phil mickelson takes 2.4 million-dollar position in it, gains about $931,000 in profits. phil mickelson saying, yes, he will discourage those profits stuart: sad to...
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says fill mickelson will not be charged for an insider trading scheme. it involves stock of dairy company dean foods, based on a tip, he bought 200,000 shares and made $1 million. he was charged as a relief department, and will pay back all ill-gotten gains. he is pleased the matter is over. that's what the spokesman says. >>> a vote during an amendment that would have barred hiring federal contractor whose discriminate against the lgbt community. that vote was scheduled for two minutes, it looked like it was going to pass, but then the clock didn't stop. it was held open for an additional six minutes, while republicans convinced a few of their own to switch their vote. in the end, the measure was defeated by one single vote and this is how the democrats reacted. there you hear it, shame, shame, shame, democratic shawn patrick maloney tweeted every single republican who voted against my amendment should be ashamed of themselves. your children will remember your hate. that's one way to get into weather. >> it's like the parliament. >> i know. i feel it's
says fill mickelson will not be charged for an insider trading scheme. it involves stock of dairy company dean foods, based on a tip, he bought 200,000 shares and made $1 million. he was charged as a relief department, and will pay back all ill-gotten gains. he is pleased the matter is over. that's what the spokesman says. >>> a vote during an amendment that would have barred hiring federal contractor whose discriminate against the lgbt community. that vote was scheduled for two...
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and mickelson isn't accused of any wrongdoing. >>> free flights for our wounded warriors.fter the break. andrea mccarren and her service dog, introduce us to the d.c. organization, making it happen. >>> you know what, it's dry. and it's nice. you're going to have pollen to pay. and we've got pretty high pollen. high for trees. we're looking at mot raid -- moderate for grasses. you can find it on our website, and our app. if you open the app, just scroll down and you'll see that and more. we'll come back and talk about a fab friday and yellow weather >>> a d.c.-based organization is helping families of wounded service members worldwide, just when they need it the most. >> in tonight's salute to service report, andrea mccarren tells us about the group, luke swings. >> oh, my gosh. this is pretty cool. >> what was will thomas's -- that was will thomas's reaction, after he learned the group would provide free airline tickets tickets to his family. that, after he was severely wounded in afghanistan. >> they were like, we can take this burden off of you, we can pay for the fligh
and mickelson isn't accused of any wrongdoing. >>> free flights for our wounded warriors.fter the break. andrea mccarren and her service dog, introduce us to the d.c. organization, making it happen. >>> you know what, it's dry. and it's nice. you're going to have pollen to pay. and we've got pretty high pollen. high for trees. we're looking at mot raid -- moderate for grasses. you can find it on our website, and our app. if you open the app, just scroll down and you'll see...
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the feds are suing golfer phil mickelson over an insider trading scheme.mplaint from a security and exchanges commission claims mickelson made more than $900,000 off a stock tip. mickelson's lawyers say he didn't do anything wrong and is not facing criminal charges. the news continues right after this. >>> updating fox's top story. investigators from here to france and egypt are focusing on the final moments of egypt air flight 804, trying to explain what sent the plane into the sea. one employee onboard, an employee of proctor and gamble. according to reports another passenger was saudi diplomat and mother in france for her doctor's medical care, one young man was a student at a french military academy returning home to mourn the death of his family. now his family may be mourning him. ashley webster is here. >> well know the makeup of who was onboard the plane. 66 people in total. seven you three-quarters security officers were there -- three security officers were there, two were professional security officers, one was a trainee, but as for the national
the feds are suing golfer phil mickelson over an insider trading scheme.mplaint from a security and exchanges commission claims mickelson made more than $900,000 off a stock tip. mickelson's lawyers say he didn't do anything wrong and is not facing criminal charges. the news continues right after this. >>> updating fox's top story. investigators from here to france and egypt are focusing on the final moments of egypt air flight 804, trying to explain what sent the plane into the sea....
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mickelson's attorney saying in a statement the golfer has reached an agreement with the s.e.c.l now repay the money. >>> and to the close encounter one diver will never forget. off the coast of florida, his boat had drifted, he blew a whistle to signal for help. when he went back under, two sharks circling him. another boat picking him up, and he was later reunited with his family. the smile returning to his face. >>> when we come back, "america strong." a little soldier going through and who showed up at his door. for adults with advanced non-small cell lung cancer previously treated with platinum-based chemotherapy, including those with an abnormal alk or e.g.f.r. gene who've tried an fda-approved targeted therapy, this is big. a chance to live longer with opdivo, nivolumab. opdivo demonstrated longer life and is the most prescribed immunotherapy for these patients. opdivo significantly increased versus chemotherapy. no biomarker testi
mickelson's attorney saying in a statement the golfer has reached an agreement with the s.e.c.l now repay the money. >>> and to the close encounter one diver will never forget. off the coast of florida, his boat had drifted, he blew a whistle to signal for help. when he went back under, two sharks circling him. another boat picking him up, and he was later reunited with his family. the smile returning to his face. >>> when we come back, "america strong." a little...
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. >>> fill will fill mickelson has agreed to repay one million-dollar in profits after being named inding lawsuit. now the securities and exchange commission says that mickelson unfairly earned $931,000 on information from a former corporate director and a professional gambler. both of those men are facing criminal charges. mickelson who a allegedly owed the gambler money at the time of the stock trade in question has in the been criminally charged. >>> this is time of the year when you might notice more for sale signs, popping up all around the region. >> buying or selling a home is a big decision so that brings up a good question, another real estate market crash inevitable when the housing bubble burst around 2007 it created a ripple effect felt across the country. could it happen again? that is a good question and nicole brewer has the answer for you tonight on "eyewitness news" at 11:00. >>> if you have a good question, log on to cbs philly.com/good question. tweet it to us be sure to use the hash tall cbs-3 good question. >> interested in the markets, see what happens tonight. >
. >>> fill will fill mickelson has agreed to repay one million-dollar in profits after being named inding lawsuit. now the securities and exchange commission says that mickelson unfairly earned $931,000 on information from a former corporate director and a professional gambler. both of those men are facing criminal charges. mickelson who a allegedly owed the gambler money at the time of the stock trade in question has in the been criminally charged. >>> this is time of the...
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. >> mark: phil mickelson and is being accused for inside trading.ought $2.4 million worth of stock and made it $900,000. so far at maples and has not made any comments on allegations. >> mark: bernie sanders is trying to gain a following in california. many people what to hear him. he talked about health care and that taxes of those on wall street. >> people are tired of longer hours and lower wages. i'm proud to have the support of all whole lot of young people. we are thrilled with this kind of turnout in san jose. >> mark: you can find videos of the speeches he made on kron-4- dot-com. >> darya: we talked his supporters of bernie sanders at his or rally. >> that he understands the working-class >> he understands that people should not going to extreme debt to go to school. >> he represents real change. his campaign is full of love. >> darya: donald trump has come under fire for bashing in this city of oakland. he said that there are places in america that are terrible like oakland or ferguson. >> darya: the mayor of oakland said the most dangerou
. >> mark: phil mickelson and is being accused for inside trading.ought $2.4 million worth of stock and made it $900,000. so far at maples and has not made any comments on allegations. >> mark: bernie sanders is trying to gain a following in california. many people what to hear him. he talked about health care and that taxes of those on wall street. >> people are tired of longer hours and lower wages. i'm proud to have the support of all whole lot of young people. we are...