plus, rbs has a couple businesses to be spun off.he company is a leading banker in ireland, where it has 15 two 20% of the market. now ireland is emerging from a period of harsh us a territory. their economy is starting to recover, led by tremendous strength in dublin. ireland is roaring back. i believe it will have the best year over year growth in all of europe. last but not least, rbs has a terrific american business. it's called citizen's bank. nearly 1,400 branches. there is no real reason necessarily for rbs to be in the u.s. i think it would make sense to spin it off as a separate publicly traded company. i have a soft spot for this one, because the philly, including domenic brown, play at citizen's bank park. also because this is a pristine bank that didn't blow its head off in the heyday. i think hedge funds will be bidding up. it's a huge move happening in american banks t. royal bank of scotland, it gets no respect. but the company is really turning itself around. i can see the stock going already 40% higher from here. wro

welcome from rbs. we're very pleased to have you with us. i know you've been looking closer at the bank. i want to talk about general europe definitely in more detail, but starting off with the banks, you've done some research about where the strong banks are in europe at the moment. are we still seeing a lot of the weakness that was there a year, two years ago, persisting in periphery euro? >> well, i think many of the banks have recapitalized. there's less liquidity concerns with the ecb action. italy and spain, a two-tier banking system is starting to development. but generally speaking, there is a slow de-lev raemging trajectory. banks have delevered $2 trillion of assets over the last year in europe. >> 2 trillion?

rbs is the only slight weakness.er credit figures are due out at 3:00 p.m. eastern. look for numbers before the open from directv and call. after the close, we'll hear from disney, electronic arts, whoet whole foods, live nation and zillow. >>> u.s. futures are calling a slightly higher stock once again. it will be 18 straight gains for the dow jones industrial average. unprecedented and the s&p is also at fresh record highs at the moment. it was a mixed week, mixed start. the dow -- despite the fact that it was up, they only traded at the tightest range in months. the s&p 500 did adjust at the close above that 1600 mark. that index closed higher in 10 of the last 12 sessions. joining us for more is david lutz, managing director ahead of etf trading david nicholas. good to see you. what do you do now? do you stick with these gains each day, we're just grinding a little bit higher. do you just stick with it with may now under way? >> ross, i'm going to tell you, you know, we are continuing to see a lot of money coming

because if you look at this headline from slate magazine the salvation of japan prime minister shinzo rbs bold recovery strategy is working something remarkable happened on thursday sony posted a profit it was the first profit for one of japan's iconic firms since two thousand and eight the exact same day the price of yen slipped below one hundred to the dollar for the first time in ten years so never mind the fact that sharp another japanese giant reported the following day record losses in the hundred year history never mind the fact that the yen dropping is causing a currency war which is leading to military where there are threats of military conflict china is not happy about this crashing yen which is down thirty percent in the last six months it's exactly right so this crashing yen is at the expense of exports from nations like china south korea vietnam the whole region is having to underwrite japan's emergence as exporting economic growth scenario which is causing huge militarization and military conflict in the region and remember that the yen for twenty years has been the funding

wn rb maze ud oepabewoues stt ept e mbs. ion kw iou p rb a ddginheam seen. ai in ifhioc nsovag i th stefkloms a incaonf e mdthe, ei aems t rn e veme fm ocilg mo empeecy asab. >>mmitn i a h im i este,ut my c'tet thran oit twokho lmarshi th he a soti twh eyala orge >>enorimnhe d coremafrk carent inoded bl atou mithamntf muti feraagci c b, pi iree e pp f t stf . the'a o x miatig y'guand am iokho ci a aotr n op ma fr e veme cld betopingmmitn d evti t plifr dng e me >> d'tivinkloman it bn itso te nc i ietouymmthe t 'sosblthe e nue mohoag. ermit se he reonth t geren stkpinit on the iroctn fer gulesliose g ber acssheouryunngo or tstk oam, ra tt ngssasoi t tke iouofhe ndthkso loof fea moerg omheunob. g aerct cseloop inhi t pand nsra eoesueanmmshta icfu fth cspac thri. oray ao isht pp inklombeusth td usa t iatves ke thfu oaha autoho a tre ow >>llig. i n gngo on th lksika olloof fu atsn f a utestes ngssn inthr iveganpor cft giatn cero e rkt,riie emes eranpoti. setoinoeanoprd nsra nrst h sul ti,en eai a lve otrso lv pbls at ext. rdno tre eug meople s.bui woro '. nt aar

before the district can be legally renewed and we are proposed to create a final ballot hearing /tp-rb july 23. and the rest i submit. >> thank you. supervisor mar. >> thank you madam clerk. last thursday was back to work day and a know a number of /uls participated. it was a celebration of mayor mode of transportation in san francisco. i enjoyed in richmond. i think making bike lanes safer families has been great for richmond. in february i asked the mayor how he tends to [inaudible] to do so. we know that many of /uls ride and we know the benefits of bicycling and improving the bicycling network in san francisco leads to healthier commuters we can make in moving people in our city is in bicycle infrastructure. never theless the city is spending just less than one-half of one percent of cap -- 20 percent of all trips by bicycle by 2020. today we're think a little over 7 percent so we have a long way to go. i want to identify [inaudible] out of the bike plan. it's time the city walks the walk when it comes to funding bike improvements. less than half of one percent is not acceptable an

darril issa is seeking more transparency and writing to ambassador thomas pickering, the a rb workedehind closed doors and it did not record its spruchltsine months after the a rb report was released the investigative process has repained opaque. >> there are people with firsthand knowledge. there were people on the ground in benghazi who know what happened with respect. >> and senator democrat representative couplings issued his own statement. the subpeona is a stark example of extreme republican overreach and a shame of the utlization of the tragedy. republicans want to look at surveillance and the gap and white house talking points e-mail. speaker of the house john boehner is urging the administration to be transparent and reveal all communication hours after the attack. >> a story breaking on fox report last night when we saw you. a major train derailment. two trains collided and one on the way to grand central station in new york city. they are expected to be there for up to ten days. it understand on a busy travel koor dorin neighboring connecticut. a lot of people are hurt. 72

the rb a explained how difficult it is for smaller buildings they're not that much of facade ton the right-of-way and to have that much ground floor is very difficult. this was an accomodation we made. we're hearing you don't like it that's the history from it. >> i believe the city attorney would like to make a comment. >> i wanted to circle back to the question about the changes were to the sequa finding. so i'll provided that belief. there were two changes at the court of appeals direction. the finding on the alternatives were updated to make clear the connection of the reasons their regretted claiming the reasons of offer riding consideration. so starting on page 721 there was some added text to make clear to the readers and also referenced the reasons for further objectives. and the other clarifies that was made to the sequa findings was to clarify which significant impacts couldn't be leveled to the significance. and that goes to 80 a number of impacts that start on 19

we're /sr-rb involved here locally in the sa francisco bay immigrant justice coalition where i'm happy to say we've received outpouring of support. so it's a really strong issue that cuts across multiple issues. i personally have been impacted by this issue. i partner of nine years is actually undocumented and getting a green card through his church, but they pulled the support because they didn't want to support an openly gay choir director. this is something we feel really impacted by. supervisor campos said we want to urge senior senator to support the [inaudible] amendment and we want him to support not only married couples, but also civil union couples. we're going to be leaving from here and delivering over 6000 petitionings, 6000 names to senator's office at noon today. these names were collected ed in the last week. >> thank you very much. next speaker please. >> i have a document for the overhead. my name is brian, i've been together with my husband for over 11 years. i filed a green card for my husband based on our marriage. we were denied. your spouse is not a person of the

lourdes tiene un recuento de las Áreas del paÍs rbs donde los inmigrantes sin documentos ya tienen por a ser acusados de violar la ley. >>> el gobernador demÓcrata de maryland firmÓ la ley que permitirÁ a los indocumentados residentes de ese estado tener licencias de conducir. >>> son 250 mil latinos inmigrantes que no tienen documentos aquÍ en el estado de maryland. y estamos felices. >>> luego el alcalde del distrito de columbia, presentÓ su propuesta legislativa para hacer lo mismo en la capital de la naciÓn una medida que permitirÁ a las residentes elegibles el derecho de obtener una licencia o den o identificaciÓn y poder registrar sus vehÍculos sin importar su estatus migratorio. beneficiaria a 25 mil inmigrantes indocumentados. >>> la policÍa no lo puede parar a uno, teniendo licencia uno, verdad. >>> puede proteger a muchos de la deportaciÓn, dice. >>> si se llega a cometer un error de trafico se lee dair con ese error y no tiene que entrar en la inmigraciÓn el asunto estas licencias no son validas como identificaciÓn federal. si se aprueba la reforma migratoria, las reformas s

we offer /tpr-rb mediterranean wraps and many other items that compliment a local sand witch shop. we also offer a fine limited selection of /waoeupbl and spirits. after 20 years in the same location my [inaudible] of a further lease extension by the building management. in order to stay on the same block it became part of my family we decided to move 80 across to 522 sutter street in a bigger place. i would like to continue my business and thrive even more than i have in the past. thank you for your time. >> thank you. do you want to say something? >> yes. i'm going to say good afternoon david and mr. yee. nice to be back home again. mr. yee, i /sr-pb haven't seen you in a couple months. david -- i've been in that neighborhood for quite some time and [inaudible]. nick don't know he's raising a family, but he has raised more than a family in that neighborhood -- the nurses, the doctors, the dentists, the /kapbld /-l stick make /-rs -- everybody goes to nick. he is a family man. >> just want to -- we -- this is the opportunity for the applicant so maybe you can speak -- >> nick done

i've actively worked with /tkp*rb the general consensus is that it's a good thing for the neighborhood. i reside in 500 hyde street right across the street from the night cap that has a liquor license and i frequent the cafe royal regardless. i travel two blocks to go there due to the atmosphere and the people and everything it has to offer. i'll keep it short. >> thank you. next speaker. >> my name is tracy. i will keep it short because most of what i believe has already been said. i know there's been concerns raised that sudden these guys are going to turn this bar into a nightclub or something like that. i've lived in this city for seven years and i never felt like i had a community before. i moved to this neighborhood and now i have a community. i know everyone that i walk past on the street and i know them because of this bar. that really shows the support of the neighborhood and it shows the dedication that the owners have to their customers. there's just no reason to believe they it would change it and i think it speaks to how dedicated the community is that this many people sho

joining me right now is rbs chief economist michelle girard and ken volpert, vanguard's head of taxable fixed income. good to have you both on the program. thank you. >> hi, maria. >> hi, maria. >> ken, what do you make of this market hitting new highs at the end of the week, 15,000 on the dow jones industrial average. would you put new money to work in the market today at these levels? >> well, i think you would. i mean, you have an economy that seems stop holding its own, even in the midst of a lot of fiscal drag with the increased taxes and sequestration and the jobs number today was very, very positive. i think much more positive than expected. revisions were very positive. the participation rate actually held its own. normally it's been going down. we saw that actually stay at the current level. so there is a lot of really good positive signs in the midst of really a summer or a period when we should expect there should be some more weakness than we're realizing right now. so that combined with qe, when you add japan into it as well, it's over $160 billion a month that needs to fin

by the way, this couple rb facing off tomorrow. >> and the silver lining is they still had a beautiful wedding. >> yeah, happily ever after. >> and it was good luck. >> the added the guacamole for free. that sounds pret did good right now. >> in and out maybe. >> take a peek outside tonight. here's the live look outside, and we have a view looking back toward emeryville. zero fog. sfog not going to be an issue over the next several days. matter of fact tonight is a very mild noith. oakland 58 and concord 55 greece. microclimate forecast. approaching 90 on thursday. i do think you'll get there. coming up on friday, a lot of the bay area will be in the 90s. here's the reason why. big area of high pressure which we've been watching, gosh, for the last couple weeks. here's the difference, it's moving into an area north or west which will now give usz an off-shore. when it's right where it's going to be we understand through saturday we get that easterly component to the wind. that eliminates any cooling innuance of the po pacific ocean. you may approach 80 at the coast coming up thursday a

secretary clinton has acknowledged that there were mistakes made and things needing to be changed in the a rb report. of course show cares about the loss of life of four american heroes. i wish in listening to sean smith's mother that someone in the state department reached out to her to really address the loss of human life and the loss of your choild in the way that you would expect our leaders to perform. but when it comes to hillary and benghazi we have started down the road. there is also a block on block side. i think show is one of the most scutinized women and last 20 or 17 years, americans say show is most admired woman in the world. >> that may not change. but why did she and susanne rice and jay carney and the president continue for 17 days to say it was a spontannous mob reacting to a video. glenn hicks testified that he spoke to hillary the night of the attack and told her we were under attack and it was not a vo. the questions are raised and the answers are not there. hillary has only used up five of her noin lives travel gate and xhodits and turned monica spo her own advantage

. >> the hern family and other victims rb soon receiving a check from the charity established after the attacks. one fund has taken in more than $28 million. families of those kill cod receive $1 million. authorities today searches areas near u mass dartmouth, looking for cites where explosives might have been tested as reports indicate bomb residue has been found in tammerlan tsarnaev's home. however, fingerprints do not match those of his widow, catherine russell. >> officials ordered border agents to verify every international student arriving in the u.s. has a valid student seriesa. this after officials learned one of the three men arrested had a student visa terminate bud still allowed back into the u.s.. this is a policy change. >> and estimated 160,000 should expect thorough inspecks and wand searches. they won't be allowed to carry in camcorders, canned coolers or purses larger than 12 inches. backpacks have been banned at the derby since september 11th. officials are counting on fans to try to help them out. >> we've learned is that folks have got to be vigilant. people have to

. >> rbs shares falling. corporate profit came in lower than expected. bnp paribas saw its first quarter earnings drop satisfied with the numbers given the environment. >> the situation for europe and capital markets. in that context we have saef results. >> shares are trading higher after the company resumed guidance for 2013. the company anticipates a 5% rise in sales for the year as car production stabilizes. wolfgang shaifer joins us now. we know how hard the european car market is at the moment, as well. how is that market being felt by you? >> we had three working days left which impacted our tire sales and we had akwiefrd a long period of cold weather in the wintertime markets and 70% less people changed their tires at the end of the first quarter and this made the environment more difficult. so we think we are quite okay with the development which was overall minus 3% compared to the first quarter of 2012. >> how do you balance out what's going on in europe with the rest of the world? >> of course, there is potentially and a good chaps for us to

. >> the chair of the a rb, thomas pickering will be deposed on june 3rdrd. a prehearing session he balked. >> the deposition does not preclude future discussions about the circumstances and rules for his appearance. ngop law makers are intensifying the investigation of benghazi is clear from the letter from darril issa is not to secretary of state john kerry. >> that is more than a dozen current and state officials. >> the un atomic agency said that iran is upgrading the urannium and enrichment program. iran has several hundred high- tech centerfuges. jim angle tells us they are getting help from the other side. >> republicans having lost patience with five years of study on the key stone pipeline voted to sidestep further delay from president obama and deem it approved without presidential action. >> we can't get a decision out of the white house for five years on this project. are you kidding me? >> the bill passed 241 to 175 with 19 democrat voting in favor of taking the issue away from the president. construction would create thousands of jobs and winnin

secretary clinton has acknowledged that there were mistakes made and things needing to be changed in the a rbf life of four american heroes. i wish in listening to sean smith's mother that someone in the state department reached out to her to really address the loss of human life and the loss of your choild in the way that you would expect our leaders to perform. but when it comes to hillary and benghazi we have started down the road. there is also a block on block side. i think show is one of the most scutinized women and last 20 or 17 years, americans say show is most admired woman in the world. >> that may not change. but why did she and susanne rice and jay carney and the president continue for 17 days to say it was a spontannous mob reacting to a video. glenn hicks testified that he spoke to hillary the night of the attack and told her we were under attack and it was not a vo. the questions are raised and the answers are not there. hillary has only used up five of her noin lives travel gate and xhodits and turned monica spo her own advantage and ran to the city. she has four more loifs a

both lloyd's and rbs. it's now looking increasingly likely the government will look to sell out their stakes in these two banks, the uk government over next year. and that may just provide a floor, as well. we had one analyst comment on earlier who said he would now spin out of hsbc into rbs. and you mentioned that surprise cut at a record low rate now, the reserve bank of australia cutting rates down to 3.75%. the aussie/dollar this morning is weaker. but our expectations, you will then get further rate cuts. so just more liquidity being pumped in to help equity players. that's it for now. back to you guys. >> all right. ross, thank you. thank you very much. is there anything as lovely as a tree? >> no. >> did you see this in the usa today? >> no, i did not. >> do you know where that was written? >> no. >> mauwa. >> new jersey? >> yeah. and it's out because people don't like rhyming and they think it's insipid, but not in new jersey where that poem has a birth certificate. it was written in february 19. >

ambassador thomas pickering, cochairs of the a rb, the blue-ribbon panel that reviewed and gusty to the state to private. >> you probably still need to year from pickering and mullen and others. >> rorter: now eight said nator gramm can call on the chairman to testify, but dempsey's remarks won't change spirit person to subpoena secretary clinton. former vice president. lou: who is likely to appear? >> as we have been talking about on this show last night and today, it does not seem to be a bipartisan push to here from ambassador pickering and admiral mullen. beyond that i can tell you that there are about a handful, fewer than five so far that we know about, cia whistle-blowers to have made overtures to lawmakers or to private attorneys to represent them. so it is likely, as you say, that we will hear from those people, the whistle-blower or from the head of the post benghazi review panel before we hear from secretary clinton. lou: thank you very much. fox news, chief osman correspondent. former secretary of state clinton becomes the focus of the benghazi investigators, we find compell

happen to be in front of the mike, but i have people like george, allen, calvin, others, donny, that rbthe front lines searching for these kids for over eight to ten years. >> right. >> i tell you something, the reason we got involved, reverend al, is because amanda berry's parents -- the mother of amanda berry, the first girl that was missing, she couldn't get the help she wapted from the police. so she went to the activists. and we're the ones that put the flyers out. we're the ones that went out in the street. from that action, then the police got involved. but it was a day and a dollar too short. the same thing with gina dejesus. felix dejesus, the father, came to us and said, hey, the police ain't responding like they're supposed to. my daughter's missing. what do i do? we said the activists in the community say we'll get flyers. we'll go out and we'll start working. and that way when we start working, then the police came in. so, yes, there's definitely a lack of -- when it comes to looking for children, there's definitely a lack in the police, reverend al. >> art, you've done an