michael davis is a senior vp at prudential. michael, why don't you just, in a nutshell, give us the main findings? - first of all, prudential is very excited about the 2013 research results in this study. this is actually the second study we have done on african american financial experiences. some top-line observations: first, african americans were more optimistic about their financial condition than the overall population. 50% of african americans said they felt better off today than they did a year ago. that compares to 33% in the overall population. the drivers of that optimism were very varied: things like household assets, confidence in the futures of their kids, confidence in life insurance and health insurance coverage. so, very varied - more varied, in fact, than the case was for the overall population. that said, we did find some headwinds that african americans felt. first was a big concern about debt. that was the number one financial priority that african americans had. it was their number one thing. for the overa

. >> this morning's eye opener is presented by prudential. prudential. >>> welcto >>> welcome to "cbs this morning." >> good morning. what an incredible story out of cleveland this story. >> three young women apparently held captive for decades are free this morning. the women were found alive. they vanished in their teens or early 20s. >> now three brothers are under arrest. police say they were hiding the women in plain sight. >> this is the headline this morning and this is the house with the sheriff's cruiser in front of it where police say last night a woman called them for help. >> help me. i'm amanda berry. >> do you need police, fire or ambulance? >> i need police. >> okay, and what's going on there? >> i've been kidnapped, and i've been missing for ten years, and i'm here. i'm free now. >> amanda berry's break from captivity came late monday when neighbor charles ramsy says he sees a woman scream for help. >> this girl is going nuts on the door. she says he got it locked. i looked how he had it only enough to grab the mail. >> ramsey

any thoughts on prudential? >> only if you look at the relative performance of this group to say of either in the uk elementary in general it has shown a clean pair of heels to both of those. prudential shares up at their all-time highes and it's all been driven by the growth in the asian business. but they're really tapping into a fast growth market there. they're a dominant brand. they would have been even more dominant if they had completed that acquisition last year that caused some -- to investors at the time. but clearly the motivation was the right motivation to increase that behavior. they have discussed about whether they pull out of the uk and become solely focused on that. but the uk generating profits of around 63 million pounds. so it's a pretty flat market here. it's reflecting the fact of its maturity. >> okay. good. what do you want to do? do you want to just -- so let's just recap hsbc earnings again. and the numbers are doing fairly well. hsbc, underlying profit this morning. for the q1 is 7.6

. >> announcer: this morning's "eye opener" is presented by prudential. captioning funded by cbs >>> welcome to "cbs this morning." good morning, norah. >> good morning, charlie. >>> authorities pleaded with the public for health. >> prosecutors say three college friends of suspect dzhokhar tsarnaev are under arrest for trying to protect him. >> reporter: authorities want to stress that the three men behind bars are not charged in the attack but they are accused of interfering with the investigation. authorities say two of the men are charged with conspiracy to obstruct justice by destroying evidence, and a third man is charged with lying to investigators. the three men, dias kadyrbayev, azamat tazhayakov and robel are seen her wednesday in the custody of federal agents shortly after making their first appearance in a boston court. according to the criminal complaint it began hours after the accused of the boston bombing went public. kadyrbayev texted his friend dzhokhar tsarnaev, you look like one of the suspects. tsarnaev texted, lol, you'd better not t

us, we realize veterans are at elevated risk for identity theft because the only ubiquitous for prudential about 90% of the veterans is their ggd-14 like carrying your birth certificate around with you. the only federally issued i.d. card that veterans are go to retirees who have served 20 years or more or been medically retired. so for guys like matt who's served for 12 years and guys like me who served for 7 1/2 years, we are at a disadvantage when it comes to proving our identity unless we pull out our photo album and show pictures. here i am, and things like that. >> how many members? >> we have over 140,000 members. we've gone with under armour and veterans affairs and telluride ski resort signed up

he won a trip to washington to receive the prudential spirit of community award, but it's clear the real reward comes right here at the hospital. >> how's it going, bud? i got you a little gift here to make you feel better. >> ray still feels a special bond with young patients because he knows how it feels to wait and worry. >> doctors running tests on you, you're waiting there all day long to see, you know, the results and what they're gonna do next to you, so you feel a lot of fear and anxiety. >> and there's something else ray brings into the hospital room -- hope. >> you're gonna get out of here soon, hopefully? i hope so. all right, bud. have a good day, all right? nice meeting you. >> i think the kids are able to see what the future holds, that they can be fine, and it really does make a huge difference, and they have something to look forward to, so we're extremely fortunate to have them come visit with us. >> maybe you're wondering why his charity is called the little saint nick foundation. it's because christmas eve is particularly special to ray. it's his birthday. >> being abl

. >> this morning's eye opener presented by prudential. >>> welcome to "cbs this morning." good morning norah. >> good morning, charlie. >> a lot of news this morning. >> new information about the internal revenue service targeting conservative groups. president obama blasting those involved. steven miller is admitting mistakes were made. >> on friday he will be questioned by a house committee in congress. among those under scrutiny for what he didn't tell lawmakers, nancy cordes on capitol hill. good morning. >> good morning, norah and charlie. lawmakers are furious, particularly republicans who repeatedly asked the irs about reports that tea party groups were targeted and were always told it wasn't happening. the house weighs and means committee began asking the irs about reports that the tea party was being targeted and were told it wasn't happening. they rebuffed questions and insisting that decisions were not influenced by political considerations. in may 2012 two months after the commissioner said this to the house ways and means committee. >> absolutely no targeting.

i asked the head of retirement at prudential, which markets dozens of actively-managed funds, what sheought about this. >> yeah, i haven't seen any research that substantiateshat. i mean, i don't know whether it's true or not. i honestly have not seen any research that substantiates that. >> smith: so all the research that's done at vanguard that makes that argument, you've looked at that? >> no, i haven't. i haven't read everything. but so much of it depends on, you know, what i need is different than what you need, and there is not an asset allocation or a fund strategy that's right for everybody. >> smith: i talked to one woman at prudential who's head of retirement and asked her if she was aware of t studies that show that index funds did better over time than the actively-managed funds, and she said she wasn't. >> that's unbelievable. i find that actually unbelievable. >> smith: these people that are in the business know that the index funds do better, right? >> they convince themselves that's not true. when i've talked to these people... >> smith: but wait a minute, all the studi

prudential. this morning's "eye opener" presented by >>> welcome to "cbs this morning." >> john miller has a big interview today. >> we begin with the man taken hostage. investigators believe he was among the last victims of the tsarnaev brothers. >> the man we are calling danny gave his first television interview to john miller. >> i thought it was just a robbery. he took out his gun, pointed it to me and said something like you know i'm serious. don't be stupid. >> did he say anything about what else they had done that night? >> he asked me a question like do you know the boston explosion on monday? i said yes. and then, i did that and i just killed a policeman. >> and when they are speaking in russian, do you understand any of the words in their conversation? >> i only heard one word, it is manhattan. >> manhattan. did it seem like they were going there? >> it seemed like they were going to new york because he asked me a lot of questions like can your car go out of the state. he said can your

we cou >> announcer: this national weather report sponsored by prudential. prudential.ring your challenges. >>> he was carjack and held hostage during the reign of terror in boston. this monk the first television interview with man who says he escaped the tsarnaev brothers. more of his interview with our john mill jeer the president points out a new study how bad the airports are. travel editor peter greenberg shows us why we're so far back. the news is back on "cbs this morning." >> announcer: this portion of "cbs this morning" sponsored by hello, these are our ocean spray 100% juice blends and light 50 with just 50 calories, both with no added sugar. with so many tasty flavors, it's like a fruit stand in every bottle. just blending the fruits. ♪ ♪ ♪ i've got the power ♪ people lose 5x more weight following the weight watchers approach than trying on their own. you can too. ♪ ♪ ♪ you've got the power ♪ ♪ ♪ ♪ oh, yeah ♪ ♪ get the power ♪ the new weight watchers 360 program. ♪ whoo! ♪ join for free and check out the new risk free guarantee today. because it works. ♪ ♪ [

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. >> additional corporate funding for wolfpack swook provided by prudential. additional funding is provided by the annenberg foundation, the corporation for public broadcasting, and by contributions to your pbs station from viewers like you. thank you. >>> announcer: the following kqed production was produced in high definition. ♪ >> the beef was out of this world. >> i actually don't discriminate against pizza. >> this is a temple to red meat. >> like a meatball. ♪ >> we couldn't see it. we couldn't hear it. >> like, whoa! i'm actually in san francisco? >> this is amazing! bring me more.

. >> additional corporate funding for "washington week" is brought to you by prudential. additional funding is brought to you by the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again live from washington, moderator gwen ifill. gwen: good evening. not a day has gone by this week when we did not learn more about the men who allegedly prant planted the bombs of the boston marathon and also a little about ourselves. the plot involving a plant to create the greatest mayhem possible and then hide in plain sight. three weeks later, what do we know? pete? >> we know that it was not much of plan and that was constantly evolving. we know what has been claimed be the surviving bombing suspect during the brief interrogation after he was arrested before he got his lawyers. he says that originally they wanted to do something on the fourth of july in the boston area. but they were able to build a bomb so quickly they decided to do it sooner. it was patriot's day and decided to plant their b

. >> additional corporate funding for "washington week" is provided by prudential. additional funding is provided by the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. this week saw a remarkable collision of outrage and investigation, preening and politics. and as the week ends we still haven't really gotten to the bottom of the unfolding messes at the justice department, the state department, the i.r.s. and ultimately the white house. we'll try to put them into some context for you tonight. one by one. we start with arguably the worst of the three, signs that the internal revenue service targeted conservative tea party groups for special scrutiny. the acting chief, steven miller, was forced out and today, he was hauled before a house committee to explain why it happened. this was the gist of his defense. >> i do not believe that partisanship motivated the people who engaged in the practices described i

. >> additional corporate funding for "washington week" is provided by prudential. additional funding is provided by the anberg foup consolidation -- annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. >> be more. >>> a kqed television production. ♪ >> it's sort of like old fisherman's wharf. it reminds me of old san francisco. >> and you'd be a little bit like jean valjean, with the teeth, whatever. >> and worth the calories, the cholesterol, and the heart attack you might have. >> it's like an adventure, you know. you've got to put on your miner's helmet. >> it reminds me of oatmeal with a touch of wet dog. >> i did. inhaled it. >> people when they say sommelier or something. you sa

a developer with prudential. let's look at some of the market stats. guess that's the asking price because the median sold price, the closing price is about $765,000 in los angeles. 1500 active listings. two months of inventory. the house stays on the market for about 41 days, about six weeks. welcome and greg, let's go first to 5657 stole drive in la. listing for a shade under 400 grand. two beds, one bath. a tiny place. 1,000 square feet. why do you like it? >> it's a great little neighborhood. it's an impeccable starter home. the investor started it up. something everyone could fall in love with. it feeds an opportunity to be at ease. >> what's the neighborhood that it's in? locate me a little bit. >> this particular section of los angeles is called high land park. it's a little gem. kind of a hipster, always up and coming. constantly written up. it's right off of a train system which is really unique. >> it's a very clean looking place on the interior there. very nice. obviously just redone. let's move up a little bit in the heart and soul of holly

." >> announcer: this portion of "cbs this morning" sponsored by prudential.e is an opportunity. prudential. bring your challenges. a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ 8% every 10 years.age 40, we can start losing muscle -- to enjoy all of these years. wow. wow. but you can help fight muscle loss with exercise and ensure muscle health. i've got revigor. what's revigor? it's the amino acid metabolite, hmb to help rebuild muscle and strength naturally lost over time. [ female announcer ] ensure muscle health has revigor and protein to help protect, preserve, and promote muscle health. keeps you from getting soft. [ major nutrition ] ensure. nutrition in charge! ♪ st niar alhl y h. >>> now the

. >> announcer: this morning's "eye opener" is presented by prudential. >> good morning to you, norah. >> good morning to you, charlie. prudential. >> nice weekend to rest this charli past mother's day. >> very nice mother's day, thank you. >>> cbs has uncovered new cbs h information this morning. >> that's right. officials have learned that irs was looking in to conservative groups, but congress was given a different story. nancy cordes is on capitol hill. good morning. >> reporter: according to a time line the irs began skrut niding tea party groups back in the spring of 2010. that was a full two years before the head of the agency came here to capitol hill and testified d that the agency never targeted anybody. >> hello, my fellow patriots. >> reporter: in the spring of 2010 just as the tea party was movement was gaining staem, steam steam, a group of irs quote, specialists were told to focus on organizations with political sounding names seeking tax exempt status. the names like "we the people" or "take back the country." "take specialists were told to be on the lookout for tea pa

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ongoing monitoring of the financial system is vital to the macro prudential approach to the financialn. systemic risks can be diffused only if they are first identified. that said, it's reasonable to ask whether systemic risks can, in fact, be reliably identified in advance, after all, neither the federal reserve or economists in general predicted the past crisis. to respond to this point, i will distinguish as i have elsewhere between triggers and vulnerabilities. the triggers of any crisis are the particular events that touch off the crisis. the proximate causes, if you will. for the 2007-'09 crisis was suffered by holders of subprime mortgagees. in contrast, the vulnerabilities associated with the crisis are the pre-existing features of the financial system that amplify and propagate the initial shocks. xaf examples have maturity transformation, interconnectedness and complexity all of which have the potential to magnify the risks and shocks to the financial system. absent vulnerabilities might produce sizeable losses to certain firms, investors or asset classes, but would generall

david tepper's appaloosa has now filed, reporting new stakes in prudential financial, comcast, parent condition of cnbc and checkpoint software, and also cuts his stake in jpm, aig and the apple stake by some 40%, but still a top holding. remember, tepper was just on cnbc saying he thought apple should perform with the market. scott, back to you. >> ye, let's trade the apple thing, because apple is getting shellacked on this. could we have an intraday chart on apple so you get the real cusp of the move? you can see when it moved down, the revealing, appaloosa cutting the stakes in apple. guys? >> through 4:50, it was interesting, the stock jumped $8 to $10 in a matter of minutes. it's just a continuation today. you don't need -- with this market working, you don't need to be in apple. >> you take a look at tiger, they came out and liquidated their apple position. so that came out early. so i think that's what's doing it. i bought the apple calls, 500 calls, last week. i'm just about wiped out in them. every time you think it's going to move, it's not going to. it will come back down t

prudential financial pioneer resources and, of course, at the bottom you've got amd.david asman and lori rothman. david: thank you very much, cheryl. lori in for liz claman. lori: always a pleasure. david: you brought us a triple-digit gain. let's go to lauren simonetti. we had that jobs report which is so different from yesterday, then we also add the european central bank cutting rates a bit. all that helped the market, right? >> all that certainly helps the market, an all-time low for the ecb and their interest rates. we have stocks closing near the highs on the access, the winners on the dow are cisco, caterpillar, american express, so definitely tech health care and industrials leading the day. lori: lauren, linkedin, we're expecting latest earnings for the first quarter, shares hitting new all-time highs ahead of the report. investors expecting big things. >> reporter: yeah. the stock hit $202.27, the highest level in the history. that was the last time i checked. it might actually be a little bit higher as we await that earnings report, lori. david: i'm looking

>> well, prudential and aig have been in phase 3 of the review by fsoc since october.n't actually been told we're in phase 3, because we were actually a bank holding company until february. so we weren't even eligible to be considered, technically, by fsoc. but we're assuming that they're looking at us right now closely. >> tell me about the rules, if you are deemed systemically important financial institution. i realize much of this has not been written yet, but what kind of changes would you be looking at? more capital? what are the things that you're going to have to change, if, in fact, you are deemed a sify? >> if we are deemed a sify, the federal reserve will become our financial supervisor. and they'll be writing rules, so will those rules be appropriate for the bank centric type of approach? the question being, will those capital rules really inhibit us from offering the kinds of products and services to our customers that they rely upon for the financial security? >> is there a chance that you are deemed systemic important financial institution or sifi, and th

quincy crosby from prudential foundation. our friend warren myers trades on the floor here for dme securities. and chris gerch from altimist capital. mr. bernstein, people are waiting for a correction, you still consider that an opportunity here? >> bill, you used the key word and that's uncertainty. uncertainty for an investor is the same name for opportunity. when people are certain, that's when you have to worry. but as long as people believe there's all these uncertainties out there, it means that stocks aren't fully valued. it means there are plenty of opportunities for investors. i love the word "uncertainty." >> you love the word "uncertainty," but it is stopping companies from hiring and actually changing the course of action in terms of an anemic dwro growth story? >> of course it is. think of what's also happening. slow growth, although to a politician or an economist is really not that good. to an investor, slow growth means sure and steady. it means that things don't overheat. you don't get overinvestment. you don

that this irs scandal has been take ton a level that is perhaps not prudential, as it were.ut my question to you is, david, has the white house not done itself the greatest service in how they have tackled this? which is to say, i usually don't paraphrase, john boehner, but the drip drip drip of new information. every day we learn a new detail about this, which doesn't necessarily implicate the president, but does as ron fournier suggest challenges one's competence and credibility. sowing the seeds of doubt, if you will. >> i think that what they were dealing with, was anç inspecto general's report. by the way. one of the things that i just going back to your lead-in. that i find hard to understand is they have the testimony and report of inspector general, who assertsed that he didn't believe there was political motivation or that this was a directed kind of activity from the top. so when i hear senator mcconnell say it's obvious that it went beyond that, i don't know why it's obvious or what he's basing that conclusion on. but you know, i think what happened was, they wer

because if you look at aig, prudential, hartford, travelers,et netlife, all of them beat numbers in a very big way. so i think it's easy to put money into those names where there is maybe a little better visible, maybe a little less regulation. >> all right. thanks, everybody. we appreciate your time today. we'll see you soon. we'll keep watching tease markets, certainly, as you said, don, go up and up and up. much moread our special coverage of this house toric day on wall street. more history will be made says veteran technician ralph acampora he made the call. we'll also get inside from bob dochl also ahead, stocks may be surgeing. somebody here says we could be headed for a market meltdown. wait until you hear that forecast of doom a and gloom. >>> also, president barack obama's futurer adviser will talk about the reports on the jobs today is everything it's cracked up to be. you are wrauching the close egg bell first in business cnbc world wide. what if you didn't know that boxes by the curb... make you a target for thieves? or that dog bites account for a third of all home liabi

take a look at a prudential financial, which has been on fire. i think that's who really wins this.an't say specifically it's going to help jpm, citi, wells fargo, although the stocks say they will. i think with these life insurers, that's really where we're going to get some mojo. if you think rates are going higher, which i don't necessarily adhere to that but if you do i think that's where you want to be. >> i just want to say why it is we have that general understanding if rates go higher that it's good for banks, that's because the net interest margin has been so slim, but if rates rise their assets reprice much more quickly than their liabilities reprice. if you're a depositor, you see, wow, how come i'm getting 00.00, you know, why don't i participate? that lag creates that net interest margin. and for the insurers that float that they have, the higher rates are the higher their earnings are. so unless you see a real spike. but a natural up trend is great for both. >> why go think rates is r. going to rise? the federal reserve has already told you we're going to continue to b

we have to be able to respond but we have to do it prudentially.uncil of foreign relations said it was one of the most important speeches of the obama administration. >> i agree with richard and dr. brzezinski. i thought it was an important speech, well thought through. the president's quality as an analyst, intellectual engagement on this issue were evident to me. i thought there were two basics parts of it. one, his call for new limits on the use of drones, this weapon that's been so powerful, so effective can't be used in ever widening ways in different theaters. the president has a new set of rules. not exactly clear how those are going to work, and they are certainly not doing to work until u.s. troops are gone from afghanistan, but the beginnings of a new policy. the other thing, the president wants to rewrite, reconsider the basic law that's allowed the war on terror, what he calls the war on extremists, authorization to use miller force dating back to 2001. he's saying explicitly no war can last forever. this one shouldn't. i shouldn't as p

the ceo tells us how the company plans to take on metlife and prudential in the american market, cominges of the u.s. unit of dutch insurance unit ing up trading under the ticker boy of. $1.3 billion, any and lower than the 21 to 24 was aiming for. and rob martin. and you have been busy the last couple days. ashley: you got $19.50 at a range of 21 to 24. is that disappointing? >> the stock price is more art than science and this is the second largest transaction since the financial crisis and largest aerospace. we are pleased with the trading so far today. ashley: have to boost the size of the deal? >> and it was 116. ashley: the parent company got a bailout during the crisis from the dutch government. part of the deal is the separation of the franc and the insurance company so banking will be in harlan with european focus. >> we are a stand-alone company and we are pleased to launch the company today. this is the second-largest retirement focused eye the 0 of its kind and we are in the top-10 of u.s. listed companies from an overall perspective. ashley: so the name is going to go away.

finally, we have prudential. their q1 loss. all winners. all at highs. all on earnings.iness of travel here at fox business. i am going to go to the experts right now. they have the scoop. i want to start with you, david and hotels. that is my focus today on fox business. if you look at a company like marriott, the stock is not performing well. their business is mostly in the u.s. >> we think it is positive. the u.s. is the strongest region in the world. what marriott is doing is growing its global platform. today, we think their relative exposure to the u.s. is a very big positive. cheryl: i want to get back to the sector for a moment. i want to talk about the airline sector. delta. are they increasing revenues because of asia-pacific? >> there is a bigger picture, in general. this industry has taken 30 years to consolidate. i think they are finally getting it. you have the revenue model changing. the airlines are all selling off a lot of free cash flow. this is about the way they are running the entire franchise. companies are chasing things like investment, great trad

joining us, quincy crosby, analyst at prudential financial. someone everyone is having taper tantrum. it is crazy at one point, $85 billion a month seems crazy, right? but god forbid someone says 50 and the whole world goes into panic mode that is still a lot of money. >> it is still a lot of money and the fed i think will be very, very careful how they approach this they don't want to see the dislocation in the market. they don't want to see a fierce reprising of risk. so they will be very careful but as we see the market will move well befored fed. when we come up to the employment numbers the market is going to have a say what it thinks the fed is going to be doing. it will be extremely data dependent, employment data is crucial and under the hood in the employment data will be even more important. tracy: speaking of dislocation, back when i went to school, equities went up, bond went down. it is not haing that way anymore. everything is kind of moving in tandem. is this the new norm? >> it has been part of the new norm actually for, i thin

. >> announcer: this morning's "eye opener" is presented by prudential. captioning funded by cbs >>> welcome to "cbs this morning." good morning, norah. >> good morning to you, charlie. >> we begin with syria. the syrian government says two air strikes by israel amount to a declaration of war. >> the attack killed 42 soldiers and israel fortifying its defenses this morning. allen pizzey is in tel aviv. >> reporter: >> reporter: no one doubts they did and the condemnation so far has been more ritual than emphatic perhaps because of the target. the massive explosions that rocked the syrian capital destroyed missiles headed for arch enemy hezbollah according to israel officials. they made fatah 110 missiles that have pinpoint accuracy. the syrian government called the attacks a flagrant violation of international law. characterizes the strikes as proof of them fighting to overthrow the regime of bashar al assad. the attacks have concerned them. israel has deployed several of its iron dome defense batteries to the north. in what commentators here are calling

even when you stop looking, prudential reported 21 to 29 are 91% of them participate in 4o1k.uge participation rate. i thought that was great news. there they worries i'm going to grow up and be like mom and dad and be in debt. ashley: i am not getting mom and dad's inheritance, that is for sure. tracy: i think my mother is a baby boomer. they get squeezed on both ends. they took care of the parents at the same time and put equity in their house. gerri: look at what they have done over their lifetime, saving was not at a priority for that generation. ashley: the house was their big savings. gerri: bad things happened to them along the way. and then we had what happened 2007, 2008. ashley: this is the generation that has beenwith huge college debt. the ability to save. gerri: to have been delaying buying a house, taking care of mom and dad. many say i watched mom and dad. ashley: they washed mom and dad while sleeping on their couch. gerri: we will talk about this tonight, we cannot stay away from the story of the irs, i cannot help myself. just think that the people who are re

ashley: you like hartford financial and prudential financial?e, three companies in the financials, sectors have done very well over the past several months. it does have good leadership potential at this point. i think investors are finally realizing it is still undervalued. ashley: also on the industrial side, do you like joy global? textron as well. >> exactly. we're starting to see the deeper cyclicals show a bit of improvement. and so the feeling is go for those that have been overlooked. ashley: and, let's finish this up. the materials with alcoa, that is obviously a standard name and eastman chemical as well. >> that's right. not very exciting names. more of your deeper, later cycle performers. and then they think because of high volatility because of also, because of the favorable investment outlooks they could be outperformers over the months ahead. ashley: as we see this move into cyclicals, sam, and there are those, growing number of people that believe that europe is actually bottoming out, i don't know what it is based on, but there

. >> this morning's eye opener presented by prudential. >> welcome to "bcs this morning."ood morning, norah. >> happy friday to you. been quite a week, huh? >> we begin in washington. president obama trying to put the trio of scandal behind him. travels to baltimore to talk about jobs and education. >> but in washington, the irs scandal is front and center. its outsted leader took the witness stand less than an hour ago. >> reporter: acting commissioner steven miller apologized right off the bat in his testimony for what he described as poor service to the american public in this case. and now he's getting grilled by lawmakers who want to know why he and other top irs officials rebuffed their questions about this matter for two full years. >> arscting commissioner miller said that the agency made errors but said they were not driven by politics. >> i think what happened here, foolish mistakes were made by people trying to be more efficient in the workforce selection. the listing, while intolerable, was a mistake, but not an act of partisanship. >> reporter: a report shows

. >>> this morning's eye opener is presented by prudential. >>> welcome to "cbs this morning." good morning. >> wow. the white house is facing a lot of questions on a number of different stories. >> we begin with this. the internal revenue service is now under criminal investigation. attorney general eric holder has called in the fbi. holder could be grilled over the scandal today. he is testifying before the house judiciary committee. >> and this morning a "usa today" analysis finds that while the irs was putting a hold on all tea party applications, a similar number of liberal groups were granted nonprofit status. we'll go to capitol hill. nancy, good morning. >> reporter: good morning to you and our viewers in the west. the headache only grows for the irs. members of congress are going to spend the day poring through the new 50-page report from the treasury department the result of a months long investigation into the inappropriate targeting of tea party groups. the irs commissioner steven miller would not answer questions tuesday after a private meeting with the senate fina

now, beyonce is perfectly within her rights to set up whatever kind of prudential she would like to dome thing and said, look, we don't want the press there. this is just for our fans. it appears she wants it both ways. she wants the coverage. she wants to put out her images. and she wants the press to use those. and that's the thing that we have the problem with. and unfortunately as we just saw by you putting off the pictures that she actually objects to, we think it has been having the reverse effect, organizations have decided those are the pictures they're going to run with her concert review. and what we would suggest is that if she wants press coverage, she allows the press to cover her events. >> joey, nicky says this is going to create backlash. does this hurt the beyonce brand? >> no. the beyonce brand is beyond reproach. you're talking about a superstar, talking about a super mom and now someone who is super real. fans don't like bans, but she stands for something much bigger. she stands for women's empowerment. and she's been there, helping women sing their story, dance the

. >> this morning's eye opener presented by prudential. >> welcome to "cbs this morning."ood morning, norah. >> good morning, charlie. new questions on whether police in cleveland dropped the ball. and how are these three women doing? >> the three win rescued in cleveland are in is heseclusion relatives of the three brothers are in shock and questions about how the investigation was handled. dean reynolds is in cleveland. >> reporter: the chief of police, michael mcgrath told us that the three victims spent much of their captivity on the second floor of this house behind me and ropes, chains and padlocks were found on the premises. he also said that the three suspects will be charged later today. >> reporter: as investigators haul away bags of evidence from the run-down house on seymour street, a clearer picture of what went on inside. sources tell cbs news amanda berry, gina dejesus and michele knight were restrained for at least part of their decades long captivity. the homeowner, 52-year-old ariel cast rock behind bar along with his brothers pedro and onil. >> happy the

. >> this morning's eye opener presented by prudential. >> welcome to "cbs this morning."ood morning norah. a bit of a cold. one more time you will have to carry me. >> you sound sort of sexy. that's why i wore this crazy dress to brighten you up. >> we begin with a good story, an amazing rescue in bangladesh. a survivor pulled from the rubble of a factory that collapsed 17 days ago. >> the incredible story as the death toll reaches more than 8,000. kelly is in london tracking the breaking news. good morning. >> reporter: good morning, norah and charlie. this was a recovery operation. the army was clearing the site today when someone spotted this woman in a violet dress, waving her hands in the rubble. they turned off the bulldozers, brought in a hand saw, welding equipment to try and free her, passed her water through a hole in the rubble as they worked to get to her, the eight-story building collapsed the morning of april 24th. more than 1,000 people killed and the army was still pulling bodies from the basement area when they found this woman today, remarkably after bei

bugs >> this morning's eye opener presented by prudential. >>> welcome to "cbs this morning." good morning norah. >> good morning, charlie. a lot of news to cover. >> we begin with storms deadliest tornado outbreak this year. three twisters tore across north texas last night. >> six people known dead. up to 100 are hurt. seven others still missing this morning. granbury, southwest of dallas. good morning. >> reporter: good morning, charlie, norah. tornadoes came through in the dark of night and they ripped through two neighborhoods in this town of granbury. officials are trying to determine what happened to some residents. they still can't account for. planning more house-to-house searches this morning. >> holy smokes. >> reporter: they touched down just before 8:00 last night, packing winds up to 80 miles per hour. storms brought heavy rain baseball sized hail and for some community, devastation. >> it happened our neighborhood is gone. >> you can see stuff going all through the air. it's just wiped out. trees gone houses completely demolished. >> reporter: officials sowned e

. >> at the pru, prudential center? >> no. liberty square, right down in the financial district. >> oh, you are. all right. drew madison, where are you? >> i'm right here. i've been in that studio, though. it's a tiny studio, but it's a nice one. >> don't diss the studio. >> i'm not dissing your studio. i'm saying it's small but pretty nice. >> i think it is. >> it's very convenient. >> thank you for coming here. we always like talking to you in person. >>> when we come back, there's an opec meeting this week and if that catches you boy surprise, you're fought alone. >>> plus, u.s. equity futures are trading above fair value this time. we'll take a snapshot with goldman sachs when he comes back. ♪ roomba, roomba ♪ roomba, roomba ♪ got a robot vacuum ♪ cleaning up my life ♪ and it's gonna cut through ♪ filth and funk ♪ just like a knife ♪ dirt won't come back again ♪ thanks to ♪ my brand new friend ♪ got a robot vacuum ♪ cleaning up my life [ engine revs ] ♪ [ male announcer ] just when you thought you had experienced performan

construction and employment and other employment in our country is related to housing construction with a prudential considerations that institutions and individuals can be overextended creating some future crisis. we are working on that. i think it's very important that we have a reduction in the presence of federal direct and guaranteed loans that we have an active private capital market for mortgages and that is our goal as we move forward. >> thank you. mr. secretary, some stakeholders last year library manipulation breached the largest bank to the detriment of community and regional banks. as you know community banks are as significant small business lending. we continue to hear the obstacles that small banks are facing. what have regulators done since the libor scandal and the manipulation of grades that would -- to small businesses? >> congresswoman i think they are kind of separate issues. the manipulation of libor was a terrible abuse of trust. in addition to the world financial community and participants in an accepted libor is something that was a market determined reference rate and then

we're working with intel and prudential in the cities of monterey and tijuana to train at risk youth from tough neighborhoods for productive employment in the technology and construction fields. our effort to reach at-risk youth is already bearing fruit. juarez, approximately 88% of the youth who took advantage of our program reenrolled in middle school. in tijuana, 70 of our enrollees are back in school or employed, six months after program completion. because insecurity thrives in environments where corruption is rampant and impunity emboldens criminals, we are continuing our long-standing efforts through the merida initiative to strengthen the charge with ensuring the rule of law and protection of human rights. we work closely with mexican justice institutions as they transition from a closed inquisitorial criminal justice system to a more open and transparent accusatory one. a 2012 impact study conducted in five states implementing justice reforms indicated that they were already having the desired effect. states reported a marked decrease in pretrial detentions and case backlog,