it was murdoch who filed, murdoch, not her. do you remember this part, when wendy was the one whacking a guy for throwing a pie at her husband during this controversy and hearing? yeah. stood by her man big time. our alina cho has all the details of this story. >> reporter: the marriage of rupert murdoch and wendy dang was a partnership in every sense of the word. he the chairman of news corps with holdings that includes fox news and "wall street journal," one of the richest men in the world. she, age 44, nearly half his age, a glamorous third wife with a taste for high fashion and high-powered friends. but this is what made wendy internationally famous. 2011, smacking a protester who tried to throw a shaving cream pie at her husband as the media tycoon testified before britain's parliament about his newspaper's practice of phone hacking. the video went viral. now they're divorced, first reported by deadline.com is front page -- this is them this happier times, talking to our piers morgan at this year as academy awards. >> how

>>> rupert murdoch getting divorced for the third time.the new york post" known for its headlines so john tower has some of the best responses. >> good ones. unhitched from the murdoch. silver fox. rupert's on the prowl. still death do rupert. get it. and our favorite, divorce corp. >> nice. we get the mockup and everything. the one i liked, this from david, murdoch trading in for a newer model. have a great weekend, everybody. time now for "morning joe."

the last time rupert murdoch got divorced it cost him $1.7 billion and now it is happening again and it could cost him even more. also in money news, happy birthday to you -- that's be $10,000, please. someone actually owns the right to that song that we all know by heart, so do you need a lawyer to e help you blow out the candles? >>> and in politics news, what did jeb bush just say? the former governor of florida tries to express something nice about immigrants, but he might want to work on that phrasing. >>> all right. the "money lead" deciding who gets the kids after a divorce is hard enough, but when you have to split up corporations, yachts, private jets and summer homes, too, well, things can get down right "war of the roses" ugly, and that is why there is so much speculation that the split between media mogul rupert murdoch and wendi deng could be bitter and end up to be one of the most expensive divorces in history. and we are joined by amy who has been covering this, and let's look at some of the reports of murdoch's reported assets. the $30 billion vineyards and the beverl

the murdochs met as a new corp. party in hong kong. on his yacht in the new york harbor, and they have two young daughters and all the benefits that come with being super rich. no word on what wendy could walk away with, but murdoch paid his last wife a reported $1.7 billion in what was billed as the most expensive divorce settlement in history. >> they have confirmed the $1.7 billion figure, saying it was in excess of that. so far nothing at all has been confirmed for this divorce. this is pretty standard. the relationship between the husband and wife has broken down irretrievebly. >>> next, take a look at the upper left side of your screen. do you see that? a man falls five stories to the ground before a stunned crowd, and you will not believe what happens next. a lot of people think fiber can do one thing and one thing only... and those people are what i like to call... wrong. take metamucil. sure it helps keep you regular but it doesn't stop there. metamucil has psyllium, which helps lower cholesterol, promotes digestive health, an

murdoch is worth an estimated $10 billion to $12 billion.act on the company is likely to be minimal. wendy's two children are part of the family trust that control news corp. they do not have voting shares. their influence is limited. people close to the murdochs tell me that the couple was leading increasingly separate lives recently and one reason murdoch wanted to file now is to make sure that all material disclosures regarding the company and its owners were made before that big restructuring. back to you. >> meanwhile the murdochs are expected to have set up a significant prenup deals. we're asking you about the marriage of such arrangements, are you pro or con prenups? let us know. worldwide@cnbc.com. i think in english, actually, they have absolutely no basis. to my understanding. let me know. >>> over in india, headline inflation slowed in may to the lowest reading in more than three years eluding forecasts. wholesale price index eased to 4.7% for the month continuing its four month slide. the details in mumbai. >> hi. like you menti

, rupert murdoch. now he's throwing her divorce papers. two years ago the media tighten and 79th richest man was gushing. >> who wouldn't fall in love with a beautiful woman like that. >> reporter: they met on a business trip in 1997. she was a yale grad, an executive at one of his companies. he was married. two years later she was divorced. within 17 days he married deng aboard his 155 foot yacht. now it's over. in divorce papers, 82-year-old murdoch claims the relationship has broken down. deng is his third wife. he paid his last wife a $1.7 billion settlement, perhaps the most extensive divorce in history. rebecca var var jarvis, abc news new york. >> thanks to rebecca tonight. >>> much more ahead an "world news" thursday night. can you tell which of these items is real and which is the fake? if you have bought one of those knockoffs a major consumer alert. police could be coming for the customer holding the bag. >>> later on "world news," the man who shines shoes in one great american city and the

rupert murdoch files for divorce.ifer aniston reveals why she's a little jealous of kate middleton. and there's a tear in the time/space continuum. that's ahead. [ laughter ] smoke? nah, i'm good. [ male announcer ] celebrate every win with nicoderm cq. nicoderm cq is the unique patch that helps prevent the urge to smoke all day long. double your chances of quitting with nicoderm cq. it's the only place for st. john's bay. and with this weekend's coupon, you can save $10 when you spend $50. so come back to jcpenney. and put the happy in happy father's day. this saturday with friday ale preview get 60 percent off tops and shorts, and half off all die hard work boots plus up to 50 percent off mechanic's tool sets this is something super. this is sears. >>> back, now, at 7:43. with the breakup of billionaire media titan rupert murdoch and his third wife, wendi. and it could be very expensive for him. abc's rebecca jarvis has the story. >> reporter: wendi murdoch is famous for fighting for her man in the middle of britain

murdoch's divorce from his previous wife anna cost him a cool 1.7 billion bucks. no word on what this one is going to cost him. murdoch has six children from his three marriages. >>> the heat even it up in the nba finals. plus, one heck of a catch at the rain-soaked u.s. open. you're watching "early today." >>> let's get to some sports action now. in game four of the nba finals last night, prior to the game, sebastian de la cruz sang the national anthem for the second consecutive game. he sang prior to the previous game which actually sparked some racially motivated comments online. he tweeted, please do not pay attention to the negative people. i am an american, living the american dream. this is part of the american life. good for him. >>> to the court now, lebron james scored a game high 33 points. and dwyane wade added 32. the heat cruised past the spurs, 109-93. game five will be on sunday night in san antonio. >>> rain delays galore on day one of the u.s. open. tiger woods drained an unbelievable cross-country birdie on the 6th. watch this one go all the way

rupert murdoch's record may be broken, but not by murdoch.ced from his third wife, but it's not likely to have much impact on his wealth or the company. certainly it won't come near that $1.7 billion that he spent the divorce from his second wife, anna murdoch. but news today from reuters suggests that energy tycoon harold hamm may spend nearly twice that amount with his recent split with his wife. the big difference between murdoch and hamm? the preup in. -- prenup. hamm did not have one. the bigger issue for hamm is nearly all of the wealth was earned after their marriage in 1988. sue ann, the wife, was an executive at continental resources, with tco, for sometime, and that means she helped create a lot of the wealth. while hamm is worth $11 billion today, he could be worth $3 billion less after the settlement. it would send his wife of sue ann of the 20th wealthiest women in america. she would even be wealthier than oprah. now, hamm's divorce could also have a greater impact on his company if he's forced to sell shares in order to pay off

the marriage of rupert murdoch and wendi deng was a partnership in every sense of the word.the chairman of news corps, one of the richest men in the world, she aged 44, nearly half his age, a glamorous third wife with a taste for high fashion and high powered friends, but this is what made wendi murdoch internationally famous. 2011, smacking a protester who tried to throw a shaving cream pie at her husband, as the media tycoon testified before britain's parliament about his newspaper's practice of phone hacking. the video went viral, earning her the nickname tiger wife. now their divorce first reported by deadline.com is front page news. this is rupert and wendi murdoch in happier times talking to piers morgan at this year's academy awards. >> how do you feel about cnn doing so well against fox at the motor? >> i think we're okay. >> reporter: the murdochs met in 199 at a newscorps party in hong kong where the yale educated wendi worked at star tv. two years later the couple married on his yacht in new york harbor, they have two young daughters and all the benefits that come

deng is murdoch's third wife.e divorce in history. rebecca jarvis, abc news, new york. >> they do have a prenup apparently. >> they have a prenup. there is no -- the details of the prenup are not made public. no word on who will get what, right now. especially, this very, very, this high-falutin' apartment. upper eastside. >> the daughters, chloe and prudence have an interest in the family trust. they'll be cared for. >> the children will be taken care of. and she will be taken care of. and the prenup, no matter how solid. >> little extra incentive. >> to not make this public, nasty, let's get this done. and you know. >> surprised by this one. >> i really am too. i thought that -- well i 13 years. convinced it was going to last. >> me too. oh, well. romance. coming up. we see too soon, i'm sorry, what we may see soon from sarah palin, before her fans kill me, i didn't mean that. >> right. that's right. heavy inlts aimed at melissa mccarthy. but she is firing back. that's next in "the skinny." >> announcer: "world

now, murdoch has announced he is divorcing wendi after 14 years of marriage.he divorce papers, the 82-year-old murdoch claims his relationship with the 44-year-old has broken down, irretrievable. she is murdoch's third wife. he paid his last wife $1.7 billion in a settlement. that might be the most expensive divorce in history. >>> let's turn to sports. this morning, the nba finals are all evened up again. last night in san antonio, the heat's big three, too much for the spurs. >> lebron james, dwyane wade and chris bosh totaled 85 points all by themselves. lebron scoring 33, as miami got its mojo back, winning 109-93. the series, all tied up at 2-2 games. game five is sunday night. you can catch it right here, where else? on abc. >>> you can say fans at the yankees/athletics game got two for the price of one. the game lasted 18 innings. >> that's when oakland finally got a clutch hit to win it 3-2. oakland is now the first american league team since 1971 to play 2 games in 1 season lasting at least 18 innings. wow. >>> some new security measures are being put

murdoch went off him. there are many faces of love.g the wacky world of honey boo boo, but would they also like to smell it?

cbs news has learned deng has no stock in murdoch's company.hters have financial shares in the family trust but not voting shares like murdoch's four adult children. >> it's not going to affect his business. his business delivers a product. whether people buy the product or not it depends on how good the product is. not on the rocky personal life. >> reporter: for "cbs this morning" jan crawford washington. >>> listen we know the murdochs are well known here. it's always sad to hear the end of a marriage regardless of the circumstances and the details certainly have to the been released. it's only a matter of time. people are on the computer now trying to figure it out sad to hear. george lucas says it could $50 or more to see a movie. we're looking at the changes he and steven spielberg are predicting four the film business. you're watching "cbs this morning." for over 125 years we've been bringing people together. today, we'd like people to come together on something that concerns all of us. obesity. and as the nation's leading beverage compa

. >>> bananas, now 90-year-old david murdoch wants to buy more of them. he owns 40% of the company and wants to buy the rest for a little more than a billion dollars. murdoch told the new york times back when he was 88 that he wanted to live to be 125. not sure i would bet against him. investors took murdoch seriously today, shares up more than 22% as you see there on heavy volume. >>> and still ahead, the big risk facing some of the biggest media companies and the lengths they are going to to fend off the competition. but first, how the international markets closed today. >>> the energy department said they found the shares under ground. 345 billion barrels or rough low 10% of the world's crude supplies. the report found russia has the largest reserve of oil followed by the u.s., aragain tina and libya. >>> general motors is lowering the price of the all electric chevy volt by $14,000 to lift stalling sells. if you combine the new price cuts with the 75 hundred dollar federal tax credit for electric cars, a brand-new volt will cost about $29,000. >> take

now, those who know the murdochs say wendy was a huge influence on her husband.o his clothes. those friends also say they do believe rupert murdoch genuinely loved wendy, and to quote one, everyone is now wondering what went wrong. brianna? >> so everyone from who's going to pick his tie are kind of the questions we now have. >> that's right. >> alina cho for us in new york, thank you very much. >> you bet. >>> well, how much would you pay for a guaranteed parking spot? sometimes i would pay a lot, i'll admit this, maybe $100, maybe a thousand? you will not believe what one woman paid for two parking spots. they were auctioned off in boston. if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. you know, spiriva helps me breathe easier. spiriva handihaler tiotropium bromide inhalation powder does not replace fast-acting inhalers for sudden symptoms. tell your doct

. >>> bananas, now 90-year-old david murdoch wants to buy more of them. he owns 40% of the company and wants to buy the rest for a little more than a billion dollars. murdoch told the new york times back when he was 88 that he wanted to live to be 125. not sure i would bet against him. investors took murdoch seriously today, shares up more than 22% as you see there on heavy volume. >>> and still ahead, the big risk facing some of the biggest media companies and the lengths they are going to to fend off the competition. but first, how the international markets closed today. >>> the energy department said they found the shares under ground. 345 billion barrels or rough low 10% of the world's crude supplies. the report found russia has the largest reserve of oil followed by the u.s., aragain tina and libya. >>> general motors is lowering the price of the all electric chevy volt by $14,000 to lift stalling sells. if you combine the new price cuts with the 75 hundred dollar federal tax credit for electric cars, a brand-new volt will cost about $29,000. >> take

media titan rupert murdoch filing for divorce. a lot at stake for him. our wealth editor robert frank is here with what that means for mr. murdoch. >> well, indeed there's a lot at stake but not as much as people think. rupert murdoch worth around $10 billion, $12 billion founder on news corp. people tell me wendi, his current wife, filing for divorce, is 44. they met at a company party in hong kong in 1997. big age difference. he's of course 82. people tell me they had increasingly been leading separate lives recently and that maybe rupert has either moved or plans to move out of their apartment. now, it's unlikely that this divorce will cost him much. i'm told by people close to murdocher that there is a prenuptial agreement. we don't know the amount but it would limit financial impact of this. and also limit the impact on the company. of course a lot of intrigue about who controls news corp. right now it seems that the iron-clad trust that protects rupert's three older children is not going to be affected by this and that whatever payout there will be

murdoch's divorce to his previous wife ana cost him a cool $1.7 billion. no word yet on who this one will cost. he has six children from his three marriages. >>> coming up the heat even it up at the nba finals. plus, one heck of a catch at the rain soaked u.s. open. you're watching "first look" on msnbc. there's a new way to fight litter box odor. introducing tidy cats with glade tough odor solutions. two trusted names, one amazing product. [ male announcer ] this is bob a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem that doesn't require r

rupert murdoch, head of news corp. is divorcing the lovely miss gold digger.er a night of blackout drinking what celebrity would you be most more fight to wake up beside? dean obeidallah? >> anthony weiner. >> john: good answer. why is that? >> because i'm not gay and i don't think he would have enjoyed it either. >> john: mutual morer for yourself and mr. weiner. >> come back to me. i have to see what he's having. >> john: angelina jolie because obviously she would be just into me for my body and not my mind. >> john: elaine? >> i don't know. you dated celebrities. >> anyone i ever dated then. >> john: can we get a name? >> no. >> john: you're not fun. >> it blind-sided me. i would love to wake up next to a 100-year-old very rich man with a heart condition and i would go hon! >> john: that's what elaine looks for in a relationship. >> john: this morning, i was trying to imagine something funnier than a rupert murdoch fox news anchor complaining that someone else was listening in on your calls. but then came the news that mr. murdoch, the single biggest media

murdoch, most notably when she slapped a protester.she is a woman in her own right and those are the issues people are looking at. >> thank you, sir. >>> we have been talking about her for weeks, sarah, the little girl with cystic fibrosis in need of a lung transplant, and she got what she needed and her case is encouraging others to come forward. we will talk about one guy who needed a long and without persistence he would have been dead. >>> and now one nascar driver is trying to help change that. >> we can make an impact on finding a cure for cystic fibrosis. cystic fibrosis is a respiratory disease that affects breathing and the lungs don't function the way they should, and eventually you will need a lung transplant. my first experience with cystic fibrosis. i never understood why he had to take so much medicine every day, and then i realized when i was older that he had a disease that there was no cure for. that started me doing a foundation, and really we have grown the foundation over the last few days and contributed to cystic

ready. >> ready. >> number 3. >> number of wives rupert murdoch has divorced. >> it could have been murdochess the magic number. >> no. it is the dow had its first three-day losing streak of the year. >> three-day. >> now a four-day losing streak. >> here's a number, 139 billion. >> i'm dying on this. i have no idea. >> you should know this. it's from washington. >> the cost of the next presidential trip. >> the u.s. government posted a budget deficit of 139 billion, 11% higher than last year. >> i'm a failure. >> next welcome, number 4. >> the number of down days the dow could have it. >> is 4 the loneliest numbers. >> mortgage rates rise just shy of 4%. >> how was i going to know that? >> a look ahead to next week. >> that's not exact then. >> that's not fair. >> that's way too hard. ♪ bonjour ♪ je t'adore ♪ ♪ c'est aujourd'hui ♪ ♪ et toujours ♪ me amour ♪ how about me? [ male announcer ] here's to a life less routine. ♪ and it's un, deux, trois, quatre ♪ ♪ give me some more of that [ male announcer ] the more connected, athletic, seductive lexus rx. ♪ je t'adore, je t'adore, je t'adore ♪

wendi deng and rupert murdoch are calling it quits.ll take a look at what could be a billion-dollar divorce. ♪ there's a new way to fight litter box odor. introducing tidy cats with glade tough odor solutions. two trusted names, one amazing product. might not get you off your couch, but there's not a creature on earth that can resist this. >>> well, from tabloid boss to tabloid star. that's what some people on twitter are saying after media mogul rupp pert murdock declared he's divorcing his wife. >> he's 82 years old, she's 44 which caused some people to call her a gold digger even though she was successful before marrying him. now people are wondering what's going to happen to murdock's $11 billion fortune. cnn's elaine that cho with more on the headlines. >> reporter: the marriage of rupp pert murdock and wendi deng was a partnership in every sense of the word. he the 82-year-old chairman and ceo of the news corp. withholds that include fox news and "the wall street journal." one of the richest men in the world. she, age 44, nearly

media mogul rupert murdoch is getting divorced from his third wife, wendy dang murdoch. >> vanity fairtor and our very own sarah ellison. >> this is a huge shock to everyone. this has been bubbling along for a while. the two increasingly leading separate lives. wendy pursuing her own career in production in hollywood and increasingly going by the name wendy dang instead of wendy murdoch. so for people paying attention, this is not a shock. >> her two children have nonvoting shares in trust so they are not part of that 39.4% voting block that the rest of the family or rest of the children and rupert himself have control over. this is -- was done, my understanding from insiders as sort of a transparency move and clearing the decks before the company split. though we don't know the whole story. one person i talked to said that something bigger happened which was -- which spurred this move so i think we have more of the story to come now. what do you think, robert? >> yeah. yeah. i think sarah nailed it. i think the impact on the company won't be that great. i think we don't know quite the

i love when people make these decisions and rupert murdoch made decisions. he made a decision yesterday for today that extraordinary. and to see if fast-moving company making decisions quickly he listens and then makes a call rather than the opposite when they talk and talk and do not make the call. that is how he got where he is. but at the same time, he has a kind of butterfly blind and he is cruel to people and he clearly had his eye off the ball in britain as far as the dispute was concerned he was clearly way off line and causing trouble. you can't do that. i think the role is you end up relying on your family. >> what is the status of the phone hacking scandal? >> it is a mess. i think that he knew he made a mistake and gave his finals to the police said he now has 20 or 30 journalists being arrested and it is a mess. >> when will it conclude? >> you can see everyone has revenge and this big ann curry you don't know how it is going to turn up to the it is sort of a danger to bring in a state regulation newspapers which is not necessary but it's all a f

rupert murdoch's fast growing cable tv assets as well as its movie studio will become part of the newt century fox. the publishing assets which are slower growing than the company called amplify will remain part of news corp. it's being called one of the most robust earnings growth stories for media for the next three to five years. the new fox says market value is about $67 billion. it's expected to benefit from growth, from international and domestic cable channels and the launch of a national sports channel fox sports 1 in august. goldman sachs projects the new news corp. will have a market cap of nearly $10 billion. the paper is including the "post" and "the sun" have suffered from ad declines and the current scandals. the publishing business is being left with a $1.9 billion net loss in the last fiscal year, but rupert murdoch is leaving news corp. with a gift, $2.6 billion in cash and no debt. that's in stark contrast to the debt on rival publishers' balance sheets. the company can use that cash to snap up newspapers like the "los angeles times" and to buy other education startu

think of it, rupert murdoch. think of it, money. when you think of big money and you think of big power and big egos and age differences, and a beautiful younger woman, you've got it all. - or a reality tv show. - well, it is. it's going to be reality in and of itself. - unbelievable. good to have you on the show this morning. thank you for helping us out today. - thank you. still ahead, fed day trades with trader andrew keene are after the break. chart talk is next. andrew keene, president of keeneonthemarket.com, joins us now for chart talk. good morning to you, andrew. the institutional guys are ready for the fed today, as are the day traders. what will be your positioning on this fed day? - this is very interesting to me. we have seen this so many times. i have been trading for about a dozen years. this reminds you of the greece situation, where greece is going to get bailed out, then it isn't, then it is, then it isn't. they're talking about tapering. are the government and bernanke going to hint at tapering? i think what they

. >>> rupert murdoch and his wife have filed for divorce.ert murdoch is estimated to be worth more than $9 billion. >>> and when it comes to parking in boston, the sky is the limit. or just about. someone paid $560,000 in an auction for two spots in the heart of the city. boston has too many cars and not enough places to park. one bidder said she would have paid $130,000 for both spots, but clearly that just wasn't enough. and, anne-marie, for that kind of money, i'm expecting someone to wash my car while it's sitting there. >> you got it. and park it because i'm terrible parker. >> me too. >> ashley morrison here in new york. thank you, ashley. >>> when we return, legal fallout. how the supreme court's decision on gene patenting will affect people. washes up next to a bay area playground. why the city can't get rid of him. plus: waterfront scare. a m deck collapses -- dumping ss fans into the water. how it happened and who rushed to the victims. and a marathon game in oakl the a's took on the yankeesw it lasted 18 innings! join us for kpix

murdoch went off him. there are many faces of love. honey, wow, it is clear many love watching the wacky world of honey boo boo, but would they also like to smell it? >> i got me a pig. >> for those figuring the answer is yes, that is why here comes honey boo boo's second season will premiere. tlc will distribute the cards nationwide. just when you thought reality tv couldn't assault anymore of your senses. thank you for joining us on abc news, tune into "good morning america" tomorrow. good night america. skhauvrz the. >> breaking news happening in miami tonight. as many as 100 people watching the nba finals fall into biscayne bay when the deck of a sports bar they were broke the game broke away. happened just before half time in north bay village. >> witness say it sounded like a freight train when the deck gave way. 24 people were injured. 3 of them are in critical condition. >> sitting there watching the gale. drinking our beer then all of a sudden whoosh. we are in the water. he went under. beth went under i popped up and then i'm

yesterday we heard about rupert murdoch and his wife wendy. but they've got nothing on harold hamm and his wife sue ann. they could have the biggest divorce settlement ever. hamm owns more oil in the ground than any other american. in all of hamm's fortune estimated to be at least $11 billion. because the couple has been married for 25 years, and because they have agreed to a separation date in 2012, sue ann's divorce settlement could be around $3 billion. and larry, the hamms did not have ooh prenup, which the murdochs did. >> just a couple points on this. >> yes. >> harold hamm was one of the great fracking entrepreneurs. >> absolutely. >> in north dakota and so forth. i mean, he really helped launch the entire revolution that's going to make us energy independent. point number two, my wife and i going to celebrate 26 years married, and very happy to do it. but coming back to these big numbers, they could be double the $11 billion. i think there was some geological survey, somebody just said that the potential fracking oil underneath the gro

one of the most expensive divorces in the world to date occurred between rupert murdoch and his first and now murdoch is filing for divorce from his third wife wendi deng, and with that on the horizon, it could be the most expensive in history, and we will find out who it is and talk to a high-profile divorce lawyer coming up. >>> we are seeing a surprise spike in mortgage rates could spike the housing boom, and downgrade on wells fargo is a sign of what is to come for the financials. let's ask paul miller who is head of financials research with capit capit capital, and good morning. tell us about wells and where you see the financials more broadly and to raise the fact that julien tepp was making in the call this morning, has the environment of the banks margin meant that they are actually vulnerable to a ramp up in interest rates? >> well, i think that they are vuler inable in the ramp up of the interest rates because of the security portfolios and loft the banks are trying to protect the asset sheet, and they have added on very low rates and when the rates go up, you could see the

. >> or rupert murdoch, or a lot of the billionaires buying up the papers. >> the koch own a conglomeratehe pipeline, and they're looking to add "the los angeles times" and other tribune based newspapers to their portfolio of companies. >> not everyone thinks the billionaire brothers, staunch supporters of conservative political candidates, would be fit to own such revered newspapers such as the l.a. times, baltimore sun, all owned by the tribune company. we have reid hunt, one of those that believes nothing good could come of the ownership. but "u.s. news & world report" dick disagrees. why are you involved in this debate, and why have you gotten interested in koch brothers buying these papers? >> i've gotten involved for two reasons. i was the chairman of the federal communications commission in the 1990s, and i had to enforce the fcc rule that said anyone who owns a tv station in the markets shouldn't be able to buy the newspaper in that market. >> do you have a dog in this specific fight, in the sale of the tribune company newspapers, are you working for any of the parties or potentia

murdoch offered to pay $12 a share. the tony awards, you wonder how they did? well, the telecast grew 20 #% more viewers than last year in the 18-49-year-old step graphic. that's the key demos advertisers love. this is the largest they've had since 2009. after the bell starts right now. ♪ let's get to today's action. we have john hummel, ais capital management president, chief investment officer, warning of a 345eu senior market pull back. wait until you hear how how muc, and larry in the pits started early. i got your notes at nine o'clock this morning. we were wondering how the market was going to handle the news from japan that they are not going to be printing more yen right now anyway. we weathered the storm better than people thought we would even though there was a triple digit loss. >> that's right. we have japan in action coupled with a fact of ongoing fed tapering tore met, enough to cause further deresting of all as sets as people worry about the wide international price wings, and, thus, stocks are for sale. the story is stocks in the u.s. can't be

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not even rupert murdoch would come up with that. we just did that because it is what made us feel good. now we are thinking, with the burning man project -- it is interesting. my partners and i are thinking beyond our lifetimes. it is a bit of a legacy project. which is really interesting, an interesting exercise. that makes you feel differently about the present. so what would make something that durable? what would keep it alive that long? we have been alive and have grown for a quarter-century. it may not be hard to imagine an entire century at all. now we are found in an institution that will house and generate culture, and function as a community. wondering how we can be sure that it is not perverted, subject to internal divisions, will not perish. and that is a really good exercise, too. think about doing something that will last 100 years. >> thinking about the next couple of minutes, we should have questions from audience members. who ever has a question, start lining up. i'm going to ask one more and then we can start going

and i heard this from two people who heard it directly from rupert murdoch.rces, high-ranking former people in the fox news empire, right? so the question really here, is you know, why is he responding this way? he claimed that he hadn't appeared on any statement claims, i haven't appeared on any networks. i've been on nbc news twice now for my books. so the statement is just kind of riddled with its own factual inaccuracies. why are they doing it. because they're a little bit stung. there have not until now been books that directly went at fox news and called them out for their lies and what they've done to the news business in general over the last 15 years. i did that, it's only a small part of the book where i try to tell a much bigger story about what happened. >> there's a slight irony, because it sounds as if mr. ailes actually believes he's the subject of the book, when in fact it is the president. that seems to be a problem. but let's talk about the obama derangement syndrome. you say it's epidemic proportions. why has there been no cure? we've just

. >>> tonight, rupert murdoch's new york post has put some scummy stuff in the papers but the latest has landed the paper in court. >>> congressman like peter king are committing political suicide in broad daylight and no one is in thing. i'll explain what that's all about. and if it's friday, it is time to sneak ryan gosling in click 3. one of those moments that remind you, regardless of what you think of him, president obama is and remains one of the most fascinating political figures ever to take the world stage. the president with a was in california today at a healthcare event and president obama was prepared to comment on reports that the national security administration has collected american phone records and internet data. the president agreed to take one question from a reporter and to know surprise the question was about the secret government surveillance programs brought to light largely this week by the guardian newspaper. but what surprising, really remarkable, was the amount of detail president obama explained about programs that had been secret just a few days ago. >>

the response, murdoch never asked to ease up on bom. what do you make of the back and forth?t one quote that you just read about roger aile september putting this bulletproof glass in his office because he thinks homosexuals are out to assassinate him, because they're a big problem why this country, who do you believe? i have to go with ailes, the guy isn't trying to sell books, a book that was poorly reviewed by the "new york times". they called it a tired tv rerun of a not so popular show. book sales are not even in the top 50 on amazon. so it looks like alter is just trying to sell books. i don't see any names with these sources. so how believable can it be. and in the end i think that jonathan alter used to be the type of reporter that had graph takes and now he's morphed into perez hilton. >> what do you make of the response to politico?into perez. >> what do you make of the response to politico? >> why wi don't know why he wou even acknowledge alter. i say it was ill advised. i would have left it alone. because it will only help jonathan alter sell a couple more books.

. >> the former head of rupert murdoch's media empire has pleaded not guilty in charges related to the phone hacking scandal. of the news ofor the world and the son was arrested in july of 2011 along with other staff members. latvia has won approval from the european commission to join the european union. they got the ok to adopt the euro as its national currency. officials see the desire to join as a vote of confidence for the single currency at a time when the eurozone is struggling. calling for public inquiry into the murder murder of a former russian spy in the uk. poison after drinking tea in a london hotel in 2006. he accused the russian president but america wouldn't of ordering his killing. a claim moscow has denied. police in russia have raided a secret town hidden beneath the streets of moscow. a similar settlement was discovered in an abandoned soviet era bomb shelter. >> deep under the russian capital, a hidden talent. as many as 200 workers manned the sewing machines. they lived here in the subterranean complex complete with a cafÉ, a cinema, and a mini casino. many of the

rupert murdoch on the media. george bush was president. norman lear had his pulse on american culture for 30 years. why cannot figure out how to deal -- deliver a message that is important and happening? >> that is important. we can find messages that speak to people where they are. they can also have some satire like stewart or colbert. there is the idea of exposing with satire. it opens people's eyes to the hypocrisy and corruption of our politics. the problem is you want the captivating stories and images and vocabulary, but a lot of the colbert-stewart stuff is so absurd and over the top that people do not want to get engaged. >> that is where a large number of people get their news. >> i think the obama campaign was a pivotal point, bringing people in. now they leave. there is the possibility that people will come back in. i agree with that movements also have their problems. i think it is a moment of people waking up to the possibility of engagement in different ways, where they are, in communities, finding ways -- it is important no

rupert murdoch is filing for divorce from his wife wendy. what's in the pre-nup? g. let's do that.bug. (girl) because of the legs. (guy vo) we got a subaru to take us new places. (girl) yeah, it's a hot spring. (guy) we should do that. (guy vo) it did. (man) how's that feel? (guy) fine. (girl) we shouldn't have done that. (guy) no. (announcer) love. it's what makes a subaru, a subaru. vo: ta friend under water is end usomething completely different. i met a turtle friend today so, you don't get that very often. it seemed like it was more than happy to have us in his home. so beautiful. avo: more travel. more options. more personal. whatever you're looking for expedia has more ways to help you find yours. for all those who sleep for all those who sleep too hot or too cool, and struggle to sleep comfortably together, now there's a solution. introducing sleep number dualtemp,the revolutionary temperature-balancing layer with active air technology that works on any mattress, including yours. whether you sleep hot or cool, sleep number dual temp allows each of you to select your ideal t

murdoch is worth more than $9 billion.e last i'm sure that we have heard about this story. >> no. that will be dragged through the papers maybe just a little bit. >> reporter: yes. >> of which he probably owns. >>> by the way, i guess google is making big bucks in ad revenue. >> reporter: oh, yes. they are for the second year in a row expected to sell morning mobile advertising than the rest of all their rivals combined. google is predicted to make nearly $9 billion in mobile ad revenue this year, a 56% share of the entire advertising market for phones and tablets. facebook is expected to come in a distant second place with about $2 billion in revenue from mobile ads. and when you have to say distant second but still talking about $2 billion, that's -- you know google is a monster, then. >> big time. yeah. no kidding. ashley morrison of cbsmoneywatch.com, have a great weekend. >> see you. >> reporter: you, too, guys. >>> 5:45 now. it's the weekend it's father's day and you're delivering a great day. >> this is probably goi

rupert murdoch is getting one correct? rupert murdoch has a drone.i'm sure kanye will want 50. >> designer drones. >> cool bling bling drones. part of the whole collection. >> no one is going to show up at a premiere or party without their own personal drone. >> they've got to make as much money as possible from these. i love the story when they first revealed drones were in the sky about the alabama kidnapping, like the perfect story of no one could be against this. like a terrorist grab the unicorn and it was drinking its rainbow. we had to use a drone. what choice did we have? they did the same thing with the shoe bomber. >> john: let me shift. speaking of flying high, i don't know if anyone on our panel is on drugs but the odds are more than likely more than one of you is. nearly 70% of americans are on at least one prescription drug and more than half receive two prescriptions. according to dr. saler have from the clinic. they're talking about chronic conditions like heart disease or diabetes but the second most common prescription was for anti-

you talked about murdoch.ho actually is harmed more women richard mourdock or levin with this decision in. >> i think this has a mistake. >> levin. >> with the decision the folks will not be accountable for their decisions inside the military. commanders will make this mistake as they've been backed up by the president, the two most important people in the country that have anything to say about the military that are civilians. >> the old boys are protecting the old guard. gillibrand saw through that as did many of the other women on the committee. >> as did many of the women. >> and they got pushed back on something fundamentally important not just for women, but for the country when it comes to this type of violence. you know, i agree with you, joe. this is a step backwards and, you know, levin, you know, is doing the bidding for the wrong people. it's that simple. >> internal attitude that happens. >> change in the guard. >> not like senator gillibrand's proposal was radical. most americans would look at th

murdoch has done the same thing or pulled off of the company about 11 years ago and a larger companyu may recall and had packaged food business and other significant assets and managed to take it private and public again, and back then, 24%. this is old school it feels like. 40% owner, and chairman and the ceo, and by the way, things are not going well. they have had a -- take a look at the news on the company recently. they were on the call, and there was supposed to be a buyback or said it was in the press release, and said, no, no buyback and three weeks later, they put in a buyback and then s suspended the buyback and large buyback and had an impact, and meanwhile, the earning are not doing well. that had a banana issue and strawberries became an issue for the company in the last quarter. >> well, the land value. >> and now he sold la ni to ellison. >> yes. for $500 million. >> better than expected number. >> all of this is come back to -- and by the way, take a look at the option trades and regulators if you are listening, there were strange options trades last week, 30,000, and