both s&p and moody's get paid to rate securities. those securities market to investors. critics say that's an inherent conflict of interest that really burns investors when things go wrong the way they did in 2008 when toxic securities imploded our financial system. now the government contends that s&p and perhaps others, like moody's and fitch purposely assigned rosey futures the very guys marketing those shoddy securities and to drum up more business. the defaults were the spark that burned down the housing market and brought on the worst recession since the great depression. seven years later america is still picking up the pieces and for is once s&p and perhaps moody's will be getting burned. parent company mcgraw hill, here is the rub the company will probably claim the settlement as a writeoff and save up to $290 billion on its next tax bill and shareholders will ultimately pay the price and millions of stockholders who own part of mcgraw hill in their 401(k)s. all in the name of making a buck. we talked about the s&p settlement last night with columbia university

you know moody's might be next. why are you still holding on to moody's. warren: it's a fantastic business. so is s&p incidentally. they're paying a big fine. but s&p is a wonderful business. it takes no capital. it has pricing flexibility. you know, i can't -- if i sell a bond issue, i'll sell one in another month or something like that. i need a moody's rating and standard & poor's rating. >> so you won't sell your moody's stake. warren: haven't for a long time. liz: your biggest stake is coca-cola. warren: wells fargo is the biggest. liz: right. but warren it's losing its important connection with its customer versus the product. it's struggling. i mean, i stopped drinking diet coke, and i hear a lot of people saying, i'm trying not to do that anymore. you may drink it every day. are you worried they've lost their way a little bit. they're rolling out fancy milk and stuff like that. warren: 1.8 dlon servings of coca-cola sold today. it's gone up every year since 1876. that's true. there's more publicity about it than in this country. i do not worry abou

you know moody's might be next. why are you still holding on to moody's?astic business. is s&p incidentally. they're payinging a a big fine. s&p is wonderful business. takes no capital. it has pricing flexibility. i can't, if i sell a bond issue i sell one in another month or something, i need moody's rating and standard & poor's rating and i can't negotiate with them. >> won't sell any of your moody's stakes. >> we haven't for a long time. we have $2 billion worth. liz: your biggest stake is coca-cola. >> wells fargo is the biggest but coke is up there. liz: coke, one of your business loves, but warren, it is losing that important connection it had with its customer versus the product. it is struggling. i stopped drinking diet coke. i hear a lot of people saying i'm trying not to do that anymore. you may drink it every but are you worried that the company lost its way a little bit? they're rolling out fancy milk and things like that. >> there are 1.9 billion, eight-ounce he servings of a coca-cola product in the world today. it has gone up almost every ye

moody's says an increase in deposit might flow from greek banks.t is a real tussle at the moment between liquidity, what the ecb will do, and contagion. >> absolutely. whether the government remains solvent and secondly, you have similar arguments for the banks. there seems to be no reason why, given that the bailout extension has been agreed, why the ecb cannot begin to accept greek assets in regular operations, which would make the greek banks less dependent on emergency liquidity assistance which is supposed to be a short-term measure provided banks are solvent. we should be able to go back to greek banks partaking in the normal operations at least until the bailout extension in june. >> yellen testified before congress yesterday and will do so again today. is she losing patience with the word "patience?" >> i think the fomc is generally. the labor market has tightened. we are beginning to see wage growth picking up. of course, the economy is doing relatively well. the last couple of months, a bit of uncertainty. if you take a longer period the

kate moody has more. millions of sure in the year of the goat as the lunar new year is underway. our top story. first, leaders of france germany, ukraine and russia spoke on the phone this morning. they agreed to make a push to impose a cease-fire decided last week for eastern ukraine. the conversation came after a massive assault ride a pro-russian rebels on the railway junction of debeltseve that pushed kiev to pull thousands of troops out of the town. ukrainian president petro poroshenko is now calling for international peacekeepers to help. petro poroshenko: we think the best option would be a police auction from the european union. we are sure this would be the most effective and the best guarantee for security in a situation where the promise of peace is not kepyt -- not kept by russia. genie: let's bring in christina in kiev. the ukrainian president had a phone conversation with leaders of france, germany and russia. what more do we know about what was said? christina: mr. hollande said he spoke with the leaders about violations to the cease-fire and consequences. violence

kate moody has the details. >> optimism on the streets of tripoli as libyans marked four years of the beginning of the uprising that toppled muammar gaddafi. behind the celebrations is a country on the brink with a week internationally -- a weak internationally-recognized government. many fear libya's future is being threatened by the growing presence of the islamic state group. they brutally beheaded 21 egyptian coptic christians kidnapped from a coastal town, which prompted cairo to launch airstrikes on i.s. targets across the border. on wednesday, president abdel fattah el-sisi -- ahead of the meeting, egypt's foreign minister felt it was important to take a coordinated stance on military operations in libya. >> what happened in the initial intervention of nato has, in some ways, being a participant in creating the political vacuum that has resulted in the repercussions and threats we currently face. >> egypt is asking the arab league to endorse a joint force to combat the growing terrorist threat it sees across its border in libya. >> on a lighter note, we will go to the united st

police later arrested the 32- year-old ronnie moody. investigators say before ronnie moody stole the car he tried to steal a woman's purse and struck an officer with a car. >>> investigators are contacting bruce jenner and other drivers involved in a crash about getting their cell phone records. investigators want to know if distracted driving played a role in the crash over the weekend. such a request is routine in major wrecks. bruce jenner wasn't texting while driving and will provide his phone records. the crash left one woman dead. bruce jenner was not hurt. >>> suge knight will remain in jail for now. prosecutors said today they are working on new charges against him. suge knight was charged with murder, attempted murder and hit and run after he hit two men in a parking lot during a confrontation last month. suge knight will remain behind bars for six weeks as they prepare for a hearing on evidence that may include other crimes. >>> a trend, parties to infect your child with measles. we will see if the measles parties are occurrin

it is time now for a look at the business news with kate moody. we are going to start out with that german parliament. kate: it unlocks emergency funding, an additional 700 billion euros. germany holds around 70 billion of the 240 billion euro debt. that is nearly 1/3 the biggest contribution by nearly any eu country. the surveys suggested only 21% of the german public support the loan extension. german lawmakers were voting on whether the reforms suggested by athens earlier this week go far enough to meet its obligations. the greek government has vowed to fight corruption while trying to fulfill its election pledges to help those most in need and hire more public service workers. the finance minister said the extension was a necessary step to give athens more time, but not necessarily more leeway. >> we have to bring grace into a situation -- bring greece into a situation where financial markets trust greece again. it is called competitiveness. for greece, there is a longer road to go than any other european country. kate: that news has done litt

kate moody has more. >> no to putin, yes to europe. some 2000 hungarians march east to west on monday protesting the biggest prize of the putinization of their country. >> right now we are a free nation, and we want to make decisions on her own without any ruler like putin. >> politically, we belong to the european union. we should not be making friends with russia during a time of war. we should be getting closer to europe, not to russia. >> hungarian prime and mr. v -- prime minister viktor orban has earned the nickname "little putin." orban says hungary cannot turn its main energy supplier. although he supported eu sanctions against moscow, orban has been vocal about their negative and economic impact. the meeting may prove more symbolically important for putin as he attempts to show he still has a friend in europe. it will mark his first bilateral visit to an eu country since june. >> in other news, another 40,000 people took to the streets of the danish capital to patriot to the victims of last week's shootings. the killings came

moody executives and justice department officials discussed how the complex securities were rated. investigation still in its early stages and comes as the doj nears a settlement with standard and poor's. >>> today bank rate.com is out with a surprising survey that reveals just how much homeowners don't know about their single largest monthly expense. diana olick reports. >> reporter: wicked weather may be battering much of the nation today, but there is a more perfect storm going on in the mortgage market. falling interest rates and a big drop in the cost of government-backed loans. that could mean big savings for borrowers. unfortunately, one-third of u.s. borrowers don't even know their mortgage rate. >> what is your mortgage rate? >> it's 2.7% i think. it's a 15-year. >> reporter: 2.7%? you're sure? >> it's in the high 2s. >> reporter: what is your mortgage rate? >> 4%. >> reporter: are you sure? >> something like that. >> reporter: are you sure of the exact rate? >> no i'm not sure of the exact rate. >> reporter: lenders say the process of buying a home is so stressful the bor

the probe centers on moody's decision to give triple-a ratings on the residential mortgage securitiest later collapsed during the 2008 financial crisis. the wall street journal broke the story. join us on air and online tomorrow. i'm william brangham. have a good night. captioning sponsored by wnet captioned by media access group at wgbh access.wgbh.org >> pbs newshour weekend is made possible by: corporate funding is provided by mutual of america-- designing customized individual and group retirement products. that's why we are your retirement company. additional support is provided by: and by the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. i was sitting there in tears in my living room watching it. we learned the truth about america. ed asner: white actors were willing to break each other's legs to be in the show. i mean, these novels were just the best stuff ever. i do love you, meggie. i always will. and i found myself in the biggest melodrama of all time. the saga of an american family. now, you listen to old fidd

the moody's downgrade could put further pressure on russia's currency.has been the big picture. the rubal has been on a downward trajectory because of western sanctions and low oil prices. last december it plunge today an all-time low, 80 rublz to the u.s. dollar. the ceasefire in eastern ukraine and the rides in the price of oil has seen it recover some ground this week but analysts say that that's likely to be short-lived. joining us now is international economist korneil, the center for global energy studies, thank you for joining us here on al jazeera. just about 10 minutes ago, i think it was speaking to corresponds event about the possibility of further sanctions against russia over the ukraine crisis. so, i guess it really is short-lived, the sort of slight boost. what do you think? >> it is short-lived. you know, really the structural i am bam answers, what i find particularly change reserves in september, russia had $450,000,000,000 ofphon exchange reserves. now they only have 320 billion. we see capital outflows. arusnief will have to pay $20 m

now they're setting their sights on moody's. tonight i will talk with attorney general george jeppesen in the end 19 states joined along with the government for the $1.4 billion settlement. there is talk as you mentioned that that could be a template. moody's s&p, and fitch make up the three credit rating agencies. here's the part that gets stuck in your craw. the issue is that they get paid by the financial firms to rate the securities that those firms create and market to investors. that's like when you and i go to get a mortgage, we don't like our credit report so we can pay to get that changed. it just doesn't seem fair. critics say there is an inherent conflict of interest that burns investors. they accuse s&p and others of purposely assigning rosy ratings to mortgage-backed securities that they knew were not that good. those toxic securities nearly imploded the financial system. and s&p was insistent that they do not admit to the fact that they committed fraud. they have a statement of fact that basically allows them to pa

mark zandi is chief economist at moodys. welcome back. this retreat on housing starts, it was broad-based three or four regions in the u.s. all the kleins good what happened? >> there's a general upward trajectory. to go back to the teeth of the recession, 500,000 phones -- homes. it's going to move up and down and all around each month. the trajectory is positive. quick the u.s. labor market indicators are showing strength. isn't that supposed to underpin home sales question mark -- sales question mark -- a salesperson mark -- sales? >> the quality of the jobs are improving. i think the rate the labor market is getting to wage growth. >> the starts for single-family homes fell down nearly 8%. have builders concluded that there is more profit in constructing multifamily dwellings? >> there is profit in both. there's a lot of action. there are a lot of millennial's, 18-34-year-olds. >> there is profit in both. they are going to rent. there's a lot of room there. vacancy rates in the multifamily space are low. >> we did see an acceleration

the downgrade marks the second reduction by moody's in less than a month.atings and standard & poor's ranks the company at their lowest levels of investment grade. that is your latin america report for this wednesday. when we return the tv show " modern family" features products made by apple in a whole new way. we will bring in shelby holliday with the details. "bottom line" continues in just a moment. ♪ mark: let's get you some of the top stories we are following this hour. the french political magazine "charlie hebdo" is under heavy police protection as it publishes its latest edition. it looks at recent terror attacks in denmark. two islamic extremists attacked the offices in paris last month, killing nine journalists. police spotted at least five drones that buzz the eiffel tower and the u.s. embassy, among other sites. it is the second night of such sightings. police on the ground could not follow them or determine how they were being controlled. royal bank of scotland is cutting back its footprint. a persons in the year with the matter tells bloomber

kate moody has the story. >> the service was dissolved this week but it is becoming the center of the scandal that has gripped the country. >> we are going to -- from when he started working there in 1972. >> his whereabouts are unknown but he was a feared figure where his career spanned four decades. >> he used to have an excellent relationship with the government. >> he had been working on a report that accused the president of shielding a group of iranian's. in a bid to win business and contracts with tehran, he was found with a bullet in his head a day before he was to testify before lawmakers. the president suggested he had taken his own life, but more recently she suggested he was killed by members of the intelligence service. authorities claimed this document did not exist. later, admitted it had been found in his apartment. pressure and scandal continue to mount against the government. >> an update on the plane crash in taiwan. both trans asia engines shut down. 58 people plummeted into a river. 15 people survived, which happened after takeoff. eight people remain missing. wil

. >> really sexy, really dark, moody bar, beautiful. they have a great spa there.pends the day at the spa head down to the library bar. >> okay. >> back upstairs to a room. >> rittenhouse hotel. >> yes. >> renovated, beautiful. >> i've been over to that place, too. >> oh, have you? >> no, i did a segment over there. >> that's why you were there other right. >> i can't read that. what's that say? clay studio. >> clay studio in old city right here, do couples night where they have wine. you sort of do your demi moore, goose moment on the spinning wheel. >> okay, that's one thing, all right, what's the third place. >> and we have cafe -- >> bristro, they have oysters and there is jazz. >> we all know about oysters. >> moody, yes. so now i know, so guys taking me to these places i know what's' up to. >> not for a first date. >> only after a while. >> now this next category my favorite. >> i love this category, cheap dates, where to go and not spends any money we love yards brewing company, on the weekend they have free tours of the whole facility, so you can watch your

mark lamont hill chris moody, steve good to see all of you. >>> bill o'reilly insists he did report fromne during the faulklands war now he says his former c colleague is lying. we talked to that journalest next actually but first a look at this week's once to watch. you can see the full show at cnn.com/onestowatch. >>> buck's path took him from the streets to the studio. here among the tight and tutus an innovative teacher would make his style of jerkin unique. fist time i saw charles, i saw a movement that was more fluid than anything i've ever seen a ballerina do. that's anarchy i just said that that they didn't have the same fluidity in their arms as charles, but literally they didn't. he improvised to his own music that he brought in let me show you this. i thought he was brilliant, and then changed the music and put classical music a. it changed him. it changed the fluidity of his movement. it slowed him down. gave him longer balances the aspiration to add an extra tern to point his foot to extend his line. >> i told them i didn't want to wear tights because i wasn't good forfuls i

like the russian economy, moody's cut the country's credit rating to junk.graded to the highest junk rate in line with countries including hungary and portugal. rescue efforts are underway in bangladesh after a fairy collapsed northwest of the capital. eight children are dead, and about 30 are missing. the boat flipped over after it was struck by a cargo trawler. and in northeast nigeria, a female bomber detonated an explosive at a market, and at least 30 were injured but nobody really claim to the attack. >> and in one of our stories, hsbc is under fire for helping some to avoid taxes. bloomberg spoke to a director for his analysis and top tips to manage a crisis. >> the problem for hsbc is it is a bank, and banks are unpopular and have been unpopular since the recession, so there is no quick fix. i am a director of a pr agency working in the financial sector. i have worked in the pr industry now for over 20 years and have been a spokesperson for the u.k. water industry. we worked through 9/11. i think what hsbc has done so far is what any good business wou

>> reporter: the suspect ronnie moody hit a taxi and a sedan.edan had two people inside. >> we looked at each other and the headlights came barreling at us. boom. >> reporter: republic republic was running -- ronnie moody was ronning. >> he wasn't hurt at all -- running. >> he wasn't hurt at all. >> he did not want to be taken into custody. >> he had already had a busy day. the car he was driving was reported stolen at 10:00 a.m. that morning. 5:30 p.m. he was involved in a fight on mission. police tried to talk to him there but he jumped into the car and drove off. >> he backed up towards the officers. causing one to have to jump out of the way. >> reporter: 40 minutes later he made time for a robbery attempt. >> he pulled up, exited and attempted to steal a woman's purse. >> reporter: 6:30 p.m. the crash. even in the chase that followed he was desperate to get away. >> he did attempt to grab on officer's firearm. >> reporter: one man. 9 hours. 4 crime scenes. >> i was like oh, my god. i home ain't nobody hurt. >> reporter: there were no major

chris moody, many thanks.reciate it. >>> still to come in the "newsroom," a judge issues a big ruling in the murder trial of a former nfl star. we'll talk about the latest battle lost by the aaron hernandez legal team. ♪ t-mobile's network puts data where you need it most. it's a network designed data strong. you're driving along, having a perfectly nice day, when out of nowhere a pick-up truck slams into your brand new car. one second it wasn't there and the next second... boom! you've had your first accident. now you have to make your first claim. so you talk to your insurance company and... boom! you're blindsided for a second time. they won't give you enough money to replace your brand new car. don't those people know you're already shaken up? liberty mutual's new car replacement will pay for the entire value of your car plus depreciation. call and for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. switch to liberty mutual insurance and you could save u

moody's up 3% on the s&p settlement why the government. plenty of green on that map today. >> staples and office depot among the gainers as they talk mergers. meanwhile, a big rally in oil, maybe even an important rally if we believe rick santelli. we always believe rick santelli. jackie deangelis is at the nymex. tell us about what happened today. >> good afternoon. $53.05 is where we settled, just under $3.50 gain today. 7%. hard to believer that last thursday we hit $43.58. a couple reasons for the move higher. the first is the refinery spike starting to spook some traders but also the news of the cap ex cuts and rig declines are impacting the market. people are starting to forecast that u.s. production is going to decline in the back half of the year. still there are those out there who say not so fast. this could be a head fake. we don't always see prices move lower in a straight line and this could be a technical bounce to the upside. some people making a quick profit. we could see that $60 range before we see a three handle. back to

host: let's hear from the chief economist at moody's analytics. it makes me want to rethink my profession. those are pretty tough words. look, let's look at the numbers. if you look at what is going on in the labor market, in the job market, we are creating a lot of jobs. jobs are broad-based. they are full-time jobs. part-time jobs have not increased in the past several years. unemployment is falling rapidly. we're looking at a very good chance of seeing a pickup and wage growth. in laos, they are at record lows. as you look at the number of layoffs, people actually losing their jobs, it is the lowest it has been. you know, you are right. economist do not always get right. they make mistakes. of course, there are lots of economist with lots of opinions. both from republicans democrats independents, and everything in between. you have a lot of different views. the facts are the facts. our economy is doing pretty well. the indications are that it will continue to do well. i think the caller will feel better one year from now, two years from now, ab

moody also his family. he has several college-age students. has another son who is 16 years old and is a junior in high school, and his brother told me about the way in which this has affected his brother at a very vulnerable time, six years old, to have his father disappear. 60-year-old man, highly educated, now consigned to a cage for the next three years for literally having done nothing other than try to save his family from starvation, starvation that occurred because of the same government that just prosecuted him for doing that. this is the kind of story that if you go into muslim communities in the united states you will hear over and again. it's the sort of thing you can become angry about if you think about it or read about it without the human connection. it takes on a different dimension when you realize these are all human beings whose wives have ashlock said been destroyed in the family members continue to suffer. it's not just meeting the aims of these injustices that makes my going around so valuable but also the people who are

chris moody joining us now to give us a look behind these scenes literally -- not literally, but giving scenes to understand the relationship between the political dough nations and the year's biggest films. chris? >> see if you can find a connection or at least a correlation between the two. one of the best ways is know politics of somebody is look at their donations. no matter how private a celebrity is their donations to a political cause or a candidate has to be public if it's over just a couple of hundred dollars. we found something very interesting. point one, something almost everyone knows and hollywood is liberal. we fouvennd no crews that worken movies or producers that put hem on the right side of the spectrum. but on the left side we found investigator degrees. "american sniper" was the least liberal film stars the people who worked on. on the far left side of the spectrum, he had "bird man" and "selma" earning some of the highest scores. we look at the people who worked on the movies, the producers, the directors. even just people on the crew looked and fec data use a group

the justice department says s&p along with ratings firms moodies and fitch knowingly inflated which ledo the housing meltdown of '08. while the s&p has not admitted wrong doing, they are paying 1.38 billion to settle the allegations and paying $125 million and $77 million to settle separate charges by the ceo. >>> google may be getting into the ride sharing business. google will unveil its own ride tailing service. that would put it in direct competition with uber. google was an early investors in uber and the services smartphone applications are based on google maps. google's chief legal officer, also a member of uber's board has reportedly informed of gook -- google's plans. >>> apple is planning to turn a failed iphone screen factory in arizona into a massive data center. according to arizona's governor, the tech giant plans to invest $billion into the may -- $2 billion into the mesa center. the governor says the facility will serve as a command center for global networks. >>> it turns out to killing a mockingbird will not be harper lee's only published book after all. she was a new

john, i took these headlines from moody's, so i'm glad you're here to answer them. some of these weird things happening? why are mortgage applications going lower? how can we export deflation but have no deflation here? connect the dots for me. >> well, you know, the first thing would be that the recent improvement on the labor front payrolls overstated any um proo -- improvement. underlying fundamentals for the consumer especially as it relates to income. we still see wage and salary income growing just north of 4%. previous recoveries at rate of growth would be between 6 and 7%, a big difference. consumers are still nervous about the future as far as income growth is concerned, as far as job availability goes. charles: so that's a why they're not buying houses, you know, they're slowing down on everything. >> if i'm thinking of buying a home, i would think what i believe my employment possibilities, opportunities are going to be will matter much more than mortgage yields at this point in time. and one of the takeaways from this is that interest rates probably have

plus his sizable investment in coca-cola and moody's which is controversial. david: how much is the one hour lunch he charges for? liz: more than a million. david: more than a million. got it for free. liz: i like your thinking. david: 3:00 tomorrow. we'll be watching. we'll analyze it on "after the bell." we're awaiting earnings right now from consumer giant disney. had a 32% rally in the past year. do they have enough in the pipe line to keep the rally going? liz: big day for retail. you saw macy's on the lower third has better than expected 2014 full year numbers. how about office depot and staples? could they be on the merge of a massive deal. on the flipside, radioshack on the brink of bankruptcy. we'll discuss it with a former office depot chair around ceo. david: plus is oil or the rise of oil recently carrying the market on its shoulders? what would the market look like without oil's bounce? we'll talk about it with our panel coming up. liz: goldman sachs makes a bold prediction calling one stock will rally 25% this year. one single stock. which one, d

to subscriber pay system, which you may not realise until the late 1960s, both standard&poor's and moody's charged the subscriber, not the issuer. it fell apart with the invention of the xerox machine, making it impossible to change the ratings. we had a subscriber paid system. i think we can go back to variations of that. it requires congress and the f.c.c. focus hard on it. i don't think the f cc thought about fundamental change to this deal. they are looking at forcing the is to be dotted and ts crossed. >> i tell you, i have an issue as a regular human, the companies agree to pay fines and settle charges. i had an inkling that that was changing with regulators and the department of justice. they can still do this? >> we are seeing deferred prosecution or agreements in which you don't admit nor deny the charges. this is a still settlement. in this settlement the biggest sticking point held the sell bant up was a desire to have s&p admit they inflated ratings and insiftens that if they did that multi penalties. there'll be private litigation helped by the settlement. but they don't get t

moody's said the company's coveted aaa rating could come under pressure to use the bulk of the bond issue to finance a share buyback. apple is reportedly ready to issue bonds to nominated in swiss francs. strong demand has pushed government bond yields there in negative territory, so the funding cost for apple would be very low. the report says apple will likely consider a 10-year or 15-year offering. >>> house of cards is coming to cuba. netflix will launch its streaming service in that country for $7.99 a month to residents with access to high-speed internet and international payment methods like credit cards. netflix has been focused on expanding its international operations. the upgrades in cuba they hope will bring the internet to more people there. >>> six months ago about 3 million people dumped buckets of ice water over their heads. for one organization, it changed ev for every bucket dumped people donated millions and millions of dollars to the als association. now, six months later, how did that nonprofit handle that sudden windfall. here's the story. >> reporter: the viral sens

russia just got downgraded by moo moodies. that's going to put russia, more pressure on russia, to the extent it causes some capital flight from russia. that's a problem. i think going into next week, don't focus on greece but russia. >> david seeberg, the backdrop today is we hit record highs in the dow as well as the s&p 500. >> look, the market feels topee here. we're seeing on the dow not the not only participation you need to really keep the rally going, especially in tech. tech is a sector we're just not seeing the drive-through the with the long onlys. name and spaces like security software. you heard chambers saying making acquisitions but valuations are plainly too high. i think what you're seeing as far as the move in that space today short covering, driving that. i don't think that the long onlys are there and will be there. >> i would add the greece situation was a sideshow, kind of a foregone conclusion it the can would be kicked down the street. i agree with brian. when we left last week, we were concerned about

that agreement, s&p did not admit wrongdoing and we told you the justice department is in talks with moody's over similar conduct. >>> the net neutrality debate back in the spotlight as zek is set to unveil a proposal to change the way it oversees high speed internet service. two guests tonight with opposing views on this very important topic. todd o'boyle with common cause and he favors regulating the internet as a utility while scott cle land a broadband consultant and president of his own firm disagrees saying this move could in fact break the internet. we should point out before we begin that cnbc that produces "nightly business report" is owned by the broadband provider comcast. let me begin with you, mr. o'boyle. this is a very nuanced topic. it can be eye glazingly complex, frankly. but at its heart, it goes to the question of whether broadband providers, as i understand it, ought to be able to charge different prices for differe speeds. why shouldn't a broadband provider be able to charge a, quote, data hog for using so bandwidth? >> broadband providers should be in the business of d

. >> is your teen moody? tired? you can blame it on a lack sleep.erts found a half of 15 to 19-year-olds surveyed did not get seven hours of sleep when they need 9 or 10 hours. they are sleeping less than in the 1990s which can three aggressive behavior and lack of concentration. there were no reasons for the diminishing shut eye. >> does it have the same impact on adults? >> three of the warriors biggest names return to the bay area this afternoon after show off what make their brand of basketball so special. >> the head coach led the all stars that including clay thompson and steph provided the razz old dazzle and then spoke with our sports director. >> give me your assessment of the weekend. >> a lot of fun a lot going on from start to finish but i was able to enjoy it. had some fun things going on off the court and with the three-point contest victory and winning tonight...icing on the cake and ready to get a couple of days rest. >> as you heard the west con 163-158. curry and the warriors return to action on friday. >> he mentioned the three-po

moody's cut them to junk and says it's on stand-by in fact to do it again. the reason is the massive corruption scandal engulfing the company which means that petrobras still hasn't published audited financial from the last quarter. here's why. it appears a huge percentage of the deals that this company did were padded with kickbacks. that means many of the assets on the books, likely overstated at a higher valuation than they actually deserved. we still don't know by how much. if the company doesn't report earnings by april 30th they trigger what they call covenanted. think of them as clauses in the company's debts, which would put them in technical defaults and could force them to make massive debt payments. this is a process known as acceleration in the bond world. it's significant because this company has more debt than some countries. $170 billion worth. important to know here. both petrobras and ike batista have nearly the same business model. they borrowed a boatload of money, and they said don't worry, we're about to pay it all back. we're going to f

a preliminary report by moody's an lettics says the overall economic impact of last week's blizzard was $650 million in new england, $300 million in new york city and the suburbs and another $300 million in philadelphia and new jersey for a grand total of $1.25 billion. that report found that the people least affected by these big storms are white-collar professionals because so many of them can work from home. most affected are people who are paid by the hour, that includes people who work in construction, retail and restaurants. >> pelley: chip reid at a pretty logan reagan national terminal tonight. chip, thanks very much. a few more quick notes on the economy. the president sent his budget to congress. there's no chance for his tax increases, but the republican majority says it can work with a bipartisan idea to lower corporate taxes. the commerce department said today a key measure of inflation was running at an annual rate of a little over 1% in december. it's been almost three years since annual inflation was over 2%. remember when we worried about inflation? oil prices rose toda

we're waiting for the second food to fall in a moody's downgrade which would take the entire countryunk. that's something you have to watch out for. my expectations for a dual for putin are not. hollande and merkel are going there with a more i think gentle agenda to allow putin to tom con off the olive branch because he's out there. if you get that, the rts, the dollar base index goes up 20%. >> what do you think will happen? >> i don't think they're going to come to a deal. >> what happens? >> i think ultimately we trade probably back down. i think the ruble is what you follow first of all. i think that's going to trade from mid 60s probably to test the 68, 68 1/2 on a pullback in oil. i would be taking profits this week. had a great run. there's no reason to play it through this deal. >>> coming up next, twitter's massive post-earnings pop. the stock soaring 16% after a blowout quarter. is it time to take some money off the table? the traders lay out their latest moves on this social high flyer. that's next. >>> twitter surging 16% after beating out the top and bottom lines. earli

the justice department has stuffed up a five-year investigation of moody's.ssue is whether they inflated credit rating string housing boom. prosecutors are wrapping up a similar case against standard & poor's. president obama plus new budget is challenging republican on the income gap. the plan was sent to congress today. the money would be used to pay for infrastructure and education. republicans are calling me budget top-down redistribution. tired of snow, cold and ice? it is grand how day -- groundhog day and punxsutawney phil said there's this -- so there six more weeks of winter. the biggest tv ratings in super bowl history according to preliminary data from nbc, which broadcast the game. the network says new england's last-minute -- worse should we say seattle's last-minute loss was seen and 49.7% of homes in large u.s. cities. the total ratings will be released later today. >> eric thought it was a tragic ending -- erik thought it was a tragic ending. >> i guarantee bill belichick did not wake up this morning and say that was a lousy way to win. cracks

narrowly avoided -- moody's and s&p say they expect to see an increase in bad loans. strong u.s.s have raised the possibility of a fed rate hike as early as june. the probability of a rise increased significantly. the jump came as u.s. employers created 250,000 jobs in january, continuing what is the longest streak of games in more than 20 years. withhina is pushing ahead plans to ease trading controls. the move will help investors manage risk in one of the world's most volatile stock market. china has been trying to attract more sophisticated investors by allowing shortselling and marching trading -- margin trading. demand andomestic falling commodity prices have led to a record high trade surplus for china last month. we are breaking down the numbers. it really seems to highlight the problems we have been highlighting. >> and there are a lot of them. overseasthe weak demand. what really is leading to this record trade surplus is the continued weakness in imports, which means continued weakness in domestic demand. let's bring up exports first-grade we can see the extra picture.

according to studies people can't put down their mobile phones are more prone to moodiness and temperamentalle focusing on the task at hand pair. it's called moment and attracts how much to use your phone during the day. you can have lapped tell you when you have reached a limit you want to keep two or you can have a pop-up notifications reminding you that you're using your device too often and here is another resource for you there is an online mobile phone addiction assessment with you can take to find out if you're addicted to your fun. if the 17 questions and does not take long so check out the kron-4-dot-com look for my tech page. >> reporter: this doesn't map of vote 8 to 14 day outlook. the entire state of california is looking at above average participation precipitation and. we sure all this stands out because it's been so dry and we only had a couple of storms. >> reporter: that's the way the wrote road. this is 20 february 11, 2011 sierra nevada this is last week is a quite a difference here between the two images here is we're certainly shellackings snowpack is not just your rain