>> what i can tell the children about rbs is will continue with their plans for rbs that seem bonuses come down by 85%, that it's in the bonus ball at one-third of the level that it was under labour, and i can confirm today that just as we've had limits on cash bonuses of 2000 pounds of rbs, issued an last year, we will do the same next year as well. >> mr. speaker, i think we can all agree with this general sentiment, but today i am asking for specific question. rbs are talking to parts of the government about the proposal debate over 100% bonuses. he is the prime minister. the taxpayer will foot the bill. will he put a stop to it right now by telling rbs to drop this idea? >> i'll tell him exactly what we are saying to rbs and it is this. if there are any proposals to increasincrease the overall prat his pay and bonus bill at rbs, at the investment bank him any proposals for that, we will be doing. what a pity the party government never took an approach like that. [shouting] >> mr. speaker -- mr. speaker, mr. speaker -- >> however long it takes. the questions will be heard and the a

whatwill tie you exactly we are saying to rbs and it is this. if there are any proposals to increase the pay that is paid as a bonus bill at rbs, at the investment banks, any proposals of theirs, we will veto it. what a pity the party opposite was never approached by that. >> mr. speaker. speaker --, mr. takes,atter how long it the questions will be heard and the answers will be heard. aboutm not asking increases in pay of bonuses. i am asking a very simple question. isut the proposal that expected to come forward from rbs, which is to pay more than 100% bonuses on pay. have beenhen rbs failing small businesses and these kind of bonuses, we know it should not be allowed to happen. are ordinary families facing a cost-of-living crisis, surely he can say that the people near a million pounds, a bonus of one million should be quite enough. is not asking me about the overall pay and bonuses at rbs, why isn't he? that is what he should be asking about. what i have said very clearly is that the remuneration, the total paid bill, at the investment bank

>> what i can tell the children about rbs is will continue with their plans for rbs that seem bonuses come down by 85%, that it's in the bonus ball at one-third of the level that it was under labour, and i can confirm today that just as we've had limits on cash bonuses of 2000 pounds of rbs, issued an last year, we will do the same next year as well. >> mr. speaker, i think we can all agree with this general sentiment, but today i am asking for specific question. rbs are talking to parts of the government about the proposal debate over 100% bonuses. he is the prime minister. the taxpayer will foot the bill. will he put a stop to it right now by telling rbs to drop this idea? >> i'll tell him exactly what we are saying to rbs and it is this. if there are any proposals to increasincrease the overall prat his pay and bonus bill at rbs, at the investment bank him any proposals for that, we will be doing. what a pity the party government never took an approach like that. [shouting] >> mr. speaker -- mr. speaker, mr. speaker -- >> however long it takes. the questions will be heard and the a

within rbs is fairly turgid. people are not in good form and there is a sense of foreboding around the institution. >> thank you very much. we will be spoken to chris wheeler and much more about this going forward. >> we are going to check in with the chief operating officer of phillips and we will get reaction to earnings that broke just a few minutes ago. ♪ >> time for today's company news. stmicroelectronics reported a $36 million fourth-quarter loss. company racked up more than $1.6 billion in losses over the past two years. comcast is nearing a deal to buy cable assets from charter communications. but if charter's takeover makes the time warner cable, it goes through. cable assets are in stake in new york, north carolina, and new england. general motors is sticking to its plan for a european plan. the chief executive officer confirmed they will build an all-new car in germany. the company is investing $4 inlion in -- 4 billion euros an effort to restore earnings in the region. >> welcome back to "countdown."

the kick rbs and its subsidiary natwest the majority and by the tax payer. it's the result the us has been accused of many times that you aren't on there is a small business by the government. his recent record expands is the seemingly duplicitous nature of banking operations article focuses on the ps i'm always saying is that their restructuring division t i g d no way that the businesses that they were supposed to be helping get back to health. i would take in the pudding to destress. for the benefit of the back. we actually see rbs has its own property company called wes register we sing rbi spooning those customers prophet says. after they'd been in distress since the whole it is twenty eight saves the day dawned cold the filing date is on the headings like atms in a bid to focus on a spiffy. in response the bff in a statement no evidence that being provided to support the allegation that the bike had systematically prophesied of the box it that cost him as i may be looking into equity christians and the st isle is now writing this next picture down what

city land and as you can see it used almost more than heshdz tier one and tier 2 than the rest of the rb p d including golf course and those heshdz are very dangerous. they i guess i forgot my cheat sheet but anyway, another piece of information is an article on one of the heshdz that is so persistent that the aid treated by the heshdz it excretes it the manure is still toxic. the farmers lost their crops due to the manure from the hay to feed animals. i'm sorry, i - i'm just saying it shouldn't be permit. i don't know if this thing is in our jurisdiction but i want you to know about it at least as citizens of san francisco because the practice is really awful and those chemicals are linked to all kinds of problems. thank you >> is there any additional any public comment? okay public comment is closed >> that place you on our regular calendar the inner forest plan presentation. >> i have a password on it? good afternoon, commissioners i'm john i'm the plan manager for the san francisco planning department urban forest plan i'm joined by carla short and dan who's the chair of the urban fo

community outreach process in spring of 2014 and previous feedback will be used to identify the needs that rb d b will help to prioritize those needs. during that conversation i wasn't interested myself as i sat here simply dell defamating i wanted this commission to see this list of priorities that the recreation and parks came up with prior we we would adapt those pr i hope my colleagues will agree the priorities for that land a acquit the rows and it shouldn't be determined by the rec and park department and i'm going to ask that be the order >> my recollection is that when we adapted the mo u that part of what we built into it was exactly that kind of review progress. the - it was anticipated that would come to us at the end of the calendar year we we received something that didn't fill the bill. so i think that that's an issue that we need to make sure we follow their own policy within that review cycle it's up to recreation and parks to make that happen and on some of the correspondence i didn't see some of the issues tied to recreation and parks. so within the structure w of what we ha

of affairs thoroughly and honestly, and also identifying the current challenges and problems cannot rb translated or transformed into crippling force yet we should live up to the responsibilities and the challenge, to solve our problems to ourselves and to our dwfort , this negative sentiment has penetrated the minds of our young generation. one of the corner stones of the giant leap forward is to rub off the dust of hesitation or doubt, to take forward a giant leap, wise and prudent, this leap cannot and should not, based on partisan sentiment. the congress believes that time has come for a comprehensive dawn east leap being forward, is imbeneficiaries yet possible, for this reason, i address the whole people, not only the members of our party. without ruling out or secluding any party or member or citizen. even our adversaries. without them it is not possible to move forward. we canno cannot confiscate the t to compete. however, we believe this competition should be in the interest of the whole country. we observe the same obligation, so that our party should work for the sake and to

rbs has its own profit a company called wes register. we sing all the ads code name those customers prophet says. after they'd been in distress since the whole it is twenty eight saves the day dawned cold the filing date is on the headings like atms in india the good folks at eight fifty. in response the bff in a statement no evidence that being provided to support the allegation that the bike had systematically prophesied of the box it that cost him as i may be looking into equity. chris and i need to re tile is now writing this next picture down what exactly is the best dates but at the domes to the bank and that he likes to be destroyed. recovery from a very wealthy man back on tax credits. i own. more family stuff and going of late through this. i was produced on the bank's profit recount only one of my hotel was postponed last year. she sadly. go cancer and small this year. and she don't really know me with a three storey kills the one old system of justice. the timing to fight back. kris and danny coming to the idea that one day. d

it rb minus two degrees and just over three hours later minus eight degrees so niners will be playingn cold weather. here is the accu-weather forecast. for us, spare the air tomorrow, dry, mild weather continuing throughout monday. cloudy skies on tuesday and wednesday. just a slight, slight chance of rain tuesday night. >> all right. speaking of niners... >> larry beil is here and that's got to be cold oochl got to be nice to watch in front of television. >> everybody's plan for dealing with cold are we looking at ice roll part two? anncr: at jennie-o w whea where every thursday people ride 10 miles for tacos. we thought wsurprise them with a better kind of taco made with jennie-o ground turkey cooked thoroughly to 165. i feed my kids turkey tacos over regular tacos any day. i think they are light and they are just fresh tasting. yeah. when i eat well, i feel well. anncr: it's time for a better taco. the tacos tonight were pretty much perfect. make the switch. look for jennie-o ground turkey in a store near you. to those who've encountered welcome to covered california. new, affordab

forgot how much snow rb looking at a meanie some good news for those of you has been waiting for us now well those of you in town with uncle bill province will see the most between three and eight centimeters and take on one hand tied another province is about two one two five candidates including the mountains of takes you elsewhere in the central regions can expect as penny me their love taking a lead that the current conditions the nation will gradually be under the influence of a low pressure trough which is why we're seeing cloudy skies across the map. after tomorrow's snow showers the fourth best weather of this season so far life ahead on thursday and friday morning most of the rich tabled a two minus nine victories and minus twelve on friday. other than that fall is currently seeing twice the normal level of the finds out and it won't go away and snow showers begin tomorrow moving on to tomorrow's readings salivate when trying to make it to four degrees meanwhile rain is forecast to post on holiday with a high stakes holding onto their feet and sentimental to reach ten and eight

we actually see rbs has its own profit a company called wes register we sang i'll be at spooning those customers prophet says after they'd been in distress. since the whole it is twenty eight saves the day dawned cold the filing date is on the headings like demanded that the folks at eight fifty. in response the bff in a statement no evidence that being provided to the poll. the allegation that the bike had systematically prophesied of the box it that customize and they'd be looking into equity christians are a nice hotel is now writing this next picture down what exactly is the best dates. but at the domes to the back and then the lights to be destroyed. recovery from a very wealthy man back on tax credits. eye. more family stuff and going of late through this. i was produced on the bank's profit recount only one of my hotel was postponed last year. she sadly. go cancer in the last issue. and she'd already doing. unknown if the story story kills the one all this is an injustice to tending to fight back. chris and annie came to the idea that one day to wall street the store was at the

it rb minus two degrees and just over three hours later minus eight degrees so niners will be playingther. here is the accu-weather forecast. for us, spare the air tomorrow, dry, mild weather continuing throughout monday. cloudy skies on tuesday and wednesday. just a slight, slight chance of rain tuesday night. >> all right. speaking of niners... >> larry beil is here and that's got to be cold oochl got to be nice to watch in front of television. >> everybody's plan for dealing with cold are we looking at ice roll part two? will justin smith be bulldog: the red tags mean the red tags mean save up to 40% on clearance mattresses. get up to $300 off serta, posturepedic, even tempur-pedic. puppy: i found a red tag! ha-ha-ha! bulldog: mattress discounters' year end clearance sale ends soon. >>> the focus on the wild card game shifted toward weather. bone chilling cold might make it coldest ever may haved. in sunday's nfc wild card game. remember back to 1967, packers hosted cowboys called ice bowl, 13 below a kickoff. a niners defensive tackle never wears long leaves but considering it for

. >> and we're continuing to cover the 49ers quest for six this, is the plane they'll rb taking to seattle for the game on sunday. interesting. usually they leave the day before a west coast game. they're leaving two days before. it's worked out for them when they went to green bay as well as last week. >> and we should see a lot of bus arriving soon we just saw them leaving in santa clara. but thanks for joining us. >> abc7 news at 5:00 begins right now. >> carolyn, larry. thank you. two small planes collided in san jose. >> after weeks of talking around it, governor brown gets right to the point. >> i'm declaring a drought emergency in the state of california. >> coming up, what the declaration means for us. >> plus, incredible volume of water needed to fight this massive fire on the peninsula. >> i'm sandhya patel. live on the roof of the kgotv broadcast center. feeling change here and what you can expect for the holiday weekend coming up. >> sky seven is where crews are on the scene of a collision on the ground. >> one plane is on a taxi way. both planes are damaged and firefighters ar

tomorrow rb the fifth consecutive spare the air day. live from our camera over the bay these 63 in oakland. 67 loss gat yoechls a beautiful view now. western sky from our east bay hills camera and other readings are 69 in santa rosa. and exploratorium camera, blue skies and forecast features clear overnight. spare the air ask cooler next week and rain is possible. we don't see much of it coming our way. here is the satellite image showing high pressure well north dry, mild for the weekend fblth animation at 10:00 tuesday morning, weak cold front will swing through tuesday. there is a slight chance we'll be left with very little, if any, rainfall from that system. inland low temperatures dropping into low to mid-30s inland. upper 30s to around 40 or just above 40 near the bay and coast. tomorrow, sunny skies and mid-60s on the coast tomorrow. here is the accu-weather forecast. this dry weather continues mild weather starts to retreat tuesday as we get cloudy skies. late tuesday into wednesday, there is a slight chance of rain i mentioned

meanwhile we've read about the guts of the rb you and the marines with the subversives file system --or style system we'd never have enough. lou: looking closer to home with homeland security troublous surprising comments from the homeland security secretary saying he believes the earned path to citizenship itis view it is is encourages people to cover all from the shadows. it is purely political. does that stud you? we back when somebody breaks into your house you did not put them on the beam. i am not inhumane i know the weld bought mine at deleaded billion in the grants and marched across the rio grande to. but a form of legal residency for those of not committed any sort of crime. lou: the house and judiciary committee plan for immigration reform is the most sensible and humane workable idea. >> but not any of these agreements. lou: secretary of told the and a security what is the fact? beverages like hillary clinton it is politics. they've not -- they did not want to vote for president they want to make money if we offer them the chance to become legal residents but they can neve

banks being examined include barclay's, the deutsche, goldman sachs, ubs and rbs. the program is still in the early stages and may not lead to any enforcement action. >>> citigroup is considering selling its stake in a private equity fund. this is to comply with the volcker rule. city sold 8el.5 billion in private equity holdings last year. >>> alan mulally says he's not going to microsoft and will stay at the automaker through at least this year. mulally has told the associated press that he wants to end all speculation because i have no other plan to do anything other than serve ford. the microsoft board had hoped to have a new ceo by the end of the last year. they've narrowed down their list to a handful of candidates. fords shares are pretty flat in frankfurt. >>> now, apple says its custo r customers spent a record $0 billion on an apps store last year and that roughly equals all the purchases in the previous four years combined. the company says it has now passed on $15 billion in total to developers following the creation of the apps store in 0 2008. so we w

rb saying downgrade on january 3rd was the wrong call.its price target today bumping estimates up as well. gutsy move if you ask us on the desk. analyst doug freeman is live on the phone. i made my position known on twitter all over the morning that i thought what you did today was a gutsy move because you're admitting that you were wrong just six days ago. how did you change your opinion? >> well, the rating is remaining sector perform. but the timing of the call clearly to put it out in front of this earnings call is where they exceeded our estimates by a material amount. the timing was poor. >> i mean, the company executed far better than even the most bullish of people expected. were you tempted at all to reverse the downgrade in general? >> i still believe that the pricing environment in the deram market is an unnatural state due to a fire that we've experienced and i still think to put new money to work in the name we should wait for that pricing curve to return. with that said, with the earnings power the company has, clearly they'

the farther north you are, you'll be affected by more of the clippers as they go through, so those rbl be heavier amounts of snow. everyone else, just a light precipitation, wintry mix through the weekend. temperatures will be fluctuating back and forth, generally around average if not slightly below through the weekend, even down to the southeast looking pretty good. so, there is something out there. it's just kind of on the mild side, which is nice. >> all right. >> thank you very much. >> thanks, indra. >>> learning new details this morning about a deadly grocery store shooting in elkhart, indiana. police say the two women who were killed may have actually known the gunman. he's been identified as 22-year-old shawn walter bear. the boyfriend of one of the victims says her family is still in shock. >> she did not deserve this at all. out of all the people, she did not -- she didn't deserve it. i don't know what his goal was, i don't know what his aim was, mad at the world. there is definitely a family grieving for her. >> police shot and killed the suspect, shawn bear, who was holdi

but i think with the prime minister, beyond 2000 pounds, he said nothing about as a shareholder for rbsg them to take two times their salary. but i'm not sure labor has it right on this. >> yeah. look, the interesting thing is, you know, clearly, bonuses tied to -- you've got positions that are open for four or five years, actually, you don't get paid that bonus for four or five years. >> on the other hand, i never saw a problem. when they slapped on big tax on bonuses in the first place, 50% of anything booel being paid going straight to the government, who would have a problem with that? who would have a problem with saying, here is a million pounds. now 3500,000 pounds straight to her majesty's government. isn't that what everybody wants? >> even the population would have a problem with that. think of the headlines. >> people don't want them to be paid a million pounds. even if the net is what you're saying, 50% tax rate, it doesn't work and the headline is painful. >> yeah, i know. but it's a bonus as opposed to a million pound salary, of which they don't have to give anything. >> a

rbs is on track for its biggest pretax loss since 2008. the largest government-owned lender set aside 3.5 billion pounds more for legal compensation claims. the bank says much of the andisions are for lawsuits the sale of mortgage-backed securities. in talks with several states to build advanced manufacturing facilities. foxconn is the maker of apple's iphones and is planning to set up factories closer. from surprise rate hike the bank of india. it raised its benchmark rate. economistsof 45 surveyed were predicting an increase. talking of governors, we are about to talk to a former central bank governor of argentina about the threat inflation now poses to the emerging markets. he joins us next. ♪ >> good morning, everybody. welcome back. you are watching "the pulse." economy is not the only emerging-market economy with an inflation problem. argentina, the price of goods is shooting up after the government let the peso plunged. joins us now, a man with some experience of this situation, the former governor of argentina central bank. good mo

the biggest toymaker says global sales of rb fell 13% in the -- of barbie fell 13%, and hot wheels declinednt. rv sales make sense to me. >> why? >> because there is so much competition. >> because of american girls? fax because america realized women do not actually look like that. but hot wheels is a concept -- >> i did not think this was a gender issue. >> or a comment on bodies. >> i thought people were just buying video games. >> exactly. >> but there are the bratz doll s. people have moved on from barbie. not as thin dolls as barbie? >> i know they have big heads. >> fourth-quarter profit tumbled 32% for chevron. it is the latest international energy producer to disclose production shortfalls and surging costs and unplanned project delays. numeralrcard falling five percent after fourth- quarter profit missed analyst estimates. rebates to card issuers fueled an 11% jump in expenses during the quarter. >> tyson up eight percent, rising the most since 2012, following a beat on first- quarter earnings, and a fitting from higher sales of chicken, beef, and pork. will billion chicken wings

don't have a job, it don't pay your bills on on't buy you a hoeme capitol hill in your life, no rb, fiveasy steps with ll give you love all us together make us a to weather the soul, i will be my brother's keep keep the world will not live the night alone. ♪ you are on you rbgs and we will all be together, take us to shelter, storm he brother's keep eeper so that the whole world will look like we are not alone♪ this is the first day of the rest of your life first day of the rest of your life because even in the dark you can see the light it's going to be all right, all right♪ ♪this is the first day of the est of your life this is the first day of the life f your in the dark you can to besee the light, going all right, oh, it's going to be ♪ll right together, hold us take us to shelter weather the sto torm oh, and i'll be my brother's keep er keeper, so the whole world will not alone♪e are [cheers and applause] >> how are we doing, d.c.? [cheers and applause] cold and myl really guitar is really out of tune. if we could sing the song. the core t know chorus. strong he was thing we can giv

here is an old friend and favorite, michelle gerard with rbs. see that smile? >> there we go.e the sunshine of "varney & company," thanks for being with us. >> oh, thank you. stuart: okay, i'm saying that there is a modest economic recovery in progress. i'm using the word modest. how would you characterize it? >> yeah, it's modest. we've had periods where it looked better than modest and we're in one of those periods right now. unfortunately, perhaps, because of the government union they never actually sustained as long as we would like. you know, we've seen this every time around the turn of the year, and each of the last four years, the economy gains all of this momentum and we get all excited and hopeful, this is it, this is the year we'll get the big breakout and then it fades. by the spring we're all settling back to okay, it's just another head fake. we're worried about-- i'm not terribly pessimistic, but i think we may be expecting the economy maybe to do too much in 2014. stuart: at the beginning of the show we posed the question, yes, the economy is recovering. is it

rb and and his wife live in virginia he was imprisoned twice for opposing the assad regime. once in 2003, again in march, 2012. after being released in 2012, he fled to jordan, came to the u.s. after he was admitted to the masters program at georgetown. in august, 2012, the assad forces massacred hundreds of civilians in his hometown and arrested two of his brothers who are still sadly missing. he received asylum in 2013 is working full-time and continuing his studies. mar, please stand. he worked as a journalist for over nine years publicizing human rights abuses rye the regime. arrested seven times, imprisoned for two years between ticks and 2008 when he refused to stop writing, the prison guards broke his hand. after his release from prison, he continued to work as a journalist. he participated in nonviolent political protests in march, 2011, and publicized aboosts by syrian security forces. he pled to turkey in april, 2011, afters was pursued by the regime. he was resettled in the united states by catholic charities after receiving refugee status. he submit add statement

the likes of rbs, the likes of lewis. or about 12 1/2 times the size of the scottish gdp.o much too big for the scottish central bank to support. it would need the bank of england to be lender of last resort. and while the chancellor is not going to sign up to this unless there are really clear fiscal rules. point it to the europe row zone and said look t problems there. >> what they're trying to do in the eurozone is go towards -- everybody has to give up some sovereignty. >> absolutely. coming towards fiscal consolidation, they have given up power to make that work. and he's just come up with a warning. although he came out yesterday and said look, this is a very neutral technical piece of analysis, it came out quite strongly as a warning. >> what he's basically saying is you can't have your cake and eat it. >> what they've done is managed to put themselves in a position where if they get independence, they get independence. if theths a vote in that favor, they'll be able to go to westminster with a big marketing tool. that's what they want. >> but if they want a yes for

it would likely lead to the break-up of lloyd's and rbs. >>> not even super mario can help with this one. nintendo slashing profits for the year warning it will now post an operating loss. they expect to sell fewer wii consoles in the face of new offerings from sony and microsoft. executives will face pay cuts. for more, we're joined from tokyo by our viewer chief there, kaori enjoji. kaori, did anybody see this coming? >> the writing has been on the wall in terms of the problems at nintendo for many, many years. for the last two years, they have posted operating loss. so this latest estimate means for the third year running, this is a company facing another operating loss. so for about two or three years, the company seems to have been going through an identity crisis, so to speak. but i think today's announcement moves one set beyond that. it's the crisis, period. when you're saying that your mainstay product, which is as you mentioned the wiiu, if they're now saying that sales are only going to be 2.8 million, that's 70% below their forecast. and the reason why i mentioned this in

lloyd's, you proved oef the years you're a very good buyer of bank assets, whether that's deutsche or rbs or credit suisse. which has been the most transformative? >> suisse. >> scottish withdows? >> yes, sorry. not that assets under management are the crucial thing but it gives you credibility in the u.s. market. the u.s. market is the most important in the world, it has half the world's assets under management and so size does matter and then it's a great deal for us and a great deal for lloyd's as well. >> and is there more to be done there, more consolidation or more asset management businesses that you could look at? >> i don't think we can because this is going to take us two years to integrate, but interestingly at the moment there are more buyers than sellers. in the last four or five years more sellers than buyers. we prefer to buy when there are more sellers than buyers. the key thing about this transaction it's good for the customers and that's what the regulator is focusing on is how good, why are you doing this, is it for the customer's benefit. >> and where are you on regula

she responded very quickly to rb the investigation, pledging to limit all the recommendations and take the hit. but the more important question of how well aware what should herself as secretary of state about the risk that people at inis stevens were in benghazi is not really examined on a direct level. paper,testified, on really, she is right. there's not some direct responsibility that the secretary of state has as a line item of authority that they would know this stuff. it would be handled him in these kinds of decisions about security and personnel, would be handled many or several layers .elow her in management but she is the boss and she was the boss and she certainly said as much after the attack, that we take the blame and we will make changes as a result. what ok, so, anne gearan, other investigations are happening? guest: well, there are still a couple of other inquiries into specific aspects of benghazi. to shedhink are likely a great deal of new information. the most important thing that is happening is the criminal investigation and the attempt to actually try people. th

rb on our part and with our allies doing enough to imagine what next is coming out of beijing to figure where we need to be collectively so we join in the response because there's criticism. are we doing enough to think ahead as to what, frankly if you look out there, beijing is fairly logically and consistently trying to achieve long-term. >> i guess were probably not doing enough, but were working at it. i don't think we were necessarily surprised. i think that's a mischaracterization. we anticipated that there is some signals at least it's an open press that there might have been an opportunity to be established. i think were a little bit surprised by the way it was announced and the manner -- how fast it was for a on the region and the fact that it's kind of directed at one central issue, not just a defensive someone's territorial heirs face. >> sir, i think we reached our time. >> i'll take one more since i was late. i [inaudible] -- north korea. how do you evaluate the capability and young leader? >> well, i think that a young leader, for me, it's very difficult to determine. in f

banks being investigated reportedly include barclay's, citi, deutsche bank, jpmorgan, morgan stanley, rbsand some subpoenas have been sent but the investigation is still in its early stages. >> and investment banks working in london are facing a major overhaul of their pay structure. that's because the recent bonus ves exceeded new eu rolls. the restrictions curb payouts to be made this time next year. top banks paid up to more than five times fixed ral eed salary bonuses. now caps levels at the fixed pay or double if the bank's shareholders approval. >>> watson is overperforming. plans for the super computer to bring in $1 billion annually by the year in 2018 and hopes for it to bring in 10 billion annually within a decade. but the ceo told executives that the computer's total revenue had yet to crack $100 million. the journal says a major announcement is coming this week. watson is reportedly not learning how to solve real life problems as it was able to answer jeopardy questions. as we mentioned, futures are below fare valir value this mor. a gain of 114 points for the dow yesterday wh

it's when the quarterback hands the ball to the rb. >> a flea-flicker. >> i think it is. >> go pests.using to me. you will see. >> the shoe will drop at midnight and there giant high heel pumps and in that is sushi, we are there again this new year's eve. we will go there live. >> it's like a statue of liberty. what it is to football, that's whats that to new year's. >> a million revelers. we will be back after the break. (typing) ♪ (typing) ♪ we are now in a position to look at the other worlds of our solar system. ♪ our values call upon us to care about the lives of people we will never meet. ♪ we realize the importance of light when we see darkness. ♪ peace, democracy and freedom for all. ♪ age is sinking in for david beckham. ♪ for my mother. ♪ when you finally get to that point of acceptance there's nothing more beautiful. ♪ say my name. ♪ ♪ . >> in moscow there around 100,000 of us and we are all waiting for that club there to ring in the new year. that is it. >> there you have it. happy new year. >> a look at how they celebrated new year's. i am joined by the amazing melissa et

. >> bernstein's says they like rbs. >> so do i. off a lot of divisions in the united states. >> price target for thermo. >> this is another growth stock that keeps going higher. smart funds in it. >> and baird ups val psparvalsp. >> i hathese are housing plays t also industrials. >> dupont having a nice morning. >> dupont upgraded and i think coleman is doing a fantastic job. >> how about tonight? >> alcoa, we're going to ask about the foreign corrupt practices act which i think was not -- was not talked about that much but we're really interested in his read on the economy worldwide and how well the turnaround 52-week high today. >> do you think is the official, unofficial start of the earning season or is it jpmorgan? >> it's alcoa, it doesn't matter. klaus gives you a breakdown market by market by market. the reason why it matters so much because if you see changes in commercial construction and in aerospace, you see changes in cans, it tells you what's going to happen 2014. smart guy. >> we'll see you tonight, jim. >> thank you

democrats here in capitol hill that they won't talk about our long-term spending problems unless the rbs are willing to raise taxes. republicans are not going to raise taxes. we find ourselves in a fairly difficult box when it comes to dealing with our long-term spending problems. the president just won't do it without raising taxes. so not much really to talk about. >> you have been sitting back and waiting for a pay-for on the issue, there has been a debate going on in the senate and everybody's wondering if the senate does get something done if it's going to die in the house. are the pay-fors you see getting closer in the senate? >> i have made clear if the president had a plan to extend emergency unemployment benefits, let's not confuse that with regular unemployment benefits, we would consider it. but it had to be paid for and there had to be measured agreed to that would actually help grow the economy. i have not seen a plan -- not seen a plan over the last six weeks. >> my question is, whether the senate is something that could pass the house? something like using sequestration sh