for nightly business report, i'm robert frank. >> still a lot of money. >> still a lot of money to give away. america's pretty generous overall. >> absolutely. that does it for nightly business report. thanks for watching. >> have a great evening, everybody and we will see you back her. >> the following kqed production was produced in high definition. [ ♪music ] >> the dance traditions of central asia come alive every time ballet afsaneh takes the stage. >> sahar hojat: one big step that we need today in international relations would be to prioritize cultural understanding. >> when henry wessel goes for a walk, he always has his camera, and the quiet photos he's been taking are an important part of photographic history. >> henry wessel: all of this is hidden from our eye. i mean, it's hidden in the flux of time. >> mitra fabian's sculpture explores the abnormal using materials that are mundane. >> mitra fabian: i have an obsession with tape. >> and marcus gardley workshops his newest play. this time on spark. [ ♪music ]

for nightly business report, i'm robert frank. >> still a lot of money. >> still a lot of money to give away. america's pretty generous overall. >> absolutely. that does it for nightly business report. thanks for watching. >> have a great evening, everybody and we will see you back her. announcer: tonight on "revolutionaries"... padua: the thing is, when you're writing a book, you have this perfect image of the most amazing book ever, and it's so beautiful, and then you take that image, and then you kill it. [ laughter ] and then you hand this corpse, you know, over, and it feels exactly like that. hollar: "the thrilling adventures of lovelace and babbage," by sydney padua, transports us to london in 1842. there ada lovelace, mathematician and daughter of famed poet lord byron, meets charles babbage at a party, and a rip-roaring adventure begins. tonight, padua talks with google doodle team leader ryan germick in what's sure to be a thrilling adventure.

robert frank takes a look. >> reporter: when donald trump announced his run for president, he managed to promote his book, his real estate, and his golf courses. >> i have the best courses in the world. i have one right next to the white house. >> reporter: with trump inching closer to the nomination the question is could donald trump serve as promoter in chief and ceo of his companies while also being commander in chief? the answer surprisingly is yes. according to u.s. statutes there is no law that would prevent donald trump from owning and running his companies if he's elected president. there are detailed criminal laws preventing executive branch employees from participating in a government matter or negotiation that would benefit them or their families, but under a different statute the vice president and the president are both exempt. >> most people would find it ludicrous that the amount of power we give to the president, the american president, everything that represents, that we don't have better laws preventing a conflict of interest or the kind of abuses that we see so ofte

robert frank explains why that question is hard one to answer. >> reporter: a bright red vintage ferrari took to the stage and sold for over $35 million making it one of the most expensive cars ever auctioned. >> it's been driven by the best pilots. >> reporter: it also stirred up a little controversy. the 1957 ferrari 335s is considered one of the masterpieces of the motor world with a timeless design and racing career. many of the richest collectors came to bid pushing the total past 32 million euros or 35 million u.s. in euro term this was the most expensive car ever auctioned. it marked a new world record. in dollar terms it falls short of the 1962 ferrari gto that sold in 2013 for 38 million. they are divided on which car should hold the poll position. the sale comes as a welcome release to the car market which has been slowing in recent months on worries about financial marks and slowing global growth. they declined to identify the buyer but sources tell me the winning bidder was bryan ross. a developer and ferrari collector in chicago. much more is known about the seller. the car

robert franks, tell us what's going on with this story. >> reporter: the fbi is investigating claimsifornia wine merchant may have been a multi-million dollar ponzi scheme. premier crew filed for bankruptcy last month after clients said they bought wine that was never delivered. the company's bankruptcy liz $70 million in debts and $7 million in assets. more than 9,000 creditors including many of the richest wine collectors in the world, among them billionaires bill koch and jeff greene. some buyers are out over $700,000 each. premier crews owner john fox has filed for personal bankruptcy, claiming up to $100 million in debt and under $50,000 in assets. his attorney declined comment. american express may be the single largest creditor since many customers bought wine with their amex cards and have since gotten a refund. amex declining comment. >> someone like madoff, kevin, because the wine bubble is popping or no? is it totally unrelated? >> no, it's unrelated. the wine industry and particularly futures are based around first premium growths and burgundy wines, for example, that are

robert frank is here to answer that question when we return. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ >>> welcome back to "squawk box". with a win in nevada donald trump moving a step closer to the white house but would president trump have to relinquish management over his companies. that's the question and robert frank joins us now with more and perhaps the answer. >> yes. the answer, indeed. >> he has to sell off everything? >> no. donald trump is looking to add the title of president to his ceo role but can he hold both at the same time? ethic lawyers and presidential scholars say there's no law that would prevents him from owning and running his company from the white house. now there are detailed criminal laws preventing executive branch employees from participating in government matters that would benefit them or their families but under a different statute i spent hours on this yesterday the president and vice president are exempt from those rules. so trump would be able to ke

robert frank has the answer to that question and i imagine it's more complicated. >> it is complicatednald trump could remain ceo of the trump organization even if he's ceo of the country. there's no law that would prevent dru prevent trump from owning his running his company if he is president. but there's details criminal laws that prevent them from being in something that would benefit them or their families but the president and vice president are exempt. he would be able to remain on the board and promote his hotels, golf courses and condos all while in the white house. he might let his children run the business and he says his business is peanuts compared to the more important job of running america but he hasn't promised to sell his ownership in those companies. he probably couldn't since he's so closely tied to the brand and licensing deals now. as you mention the blind trust would be futile since he knows what assets are in the company. trump would still be subject to gift and bribery rules but his businesses are complicated with over 500 different entities and he has projects

robert frank will tell us what romney might be meaning here. robert? >> i'll show you the three most likely bombshells in that tax return, which he may or may not file. and we'll show you a tweet that shows that the trump may be worried. coming up after the break. frank abagnale. convicted felon and con man. that was a long time ago. you know, they made a movie about it. you were shown to be quite skilled at fraud. times change. now i help catch the bad guys. me too. i help banks detect fraud by applying cognitive analytics to public financial records and social media. so if somebody said, "catch me if you can...?" we can. let's do a sequel. it could be a buddy movie. i would like to have a buddy. steve, other than making i'm here atme move stuff,rade trader offices. what are you working on? let me show you. okay. our thinkorswim trading platform aggregates all the options data you need in one place and lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting e

robert frank watching the story and joins us with the latest.t night for picasso, monet. >> all the blue chips. you can call it the picasso correction. the auctions in london this week falling well short of their prices and expectations. sotheby's christie's selling $210 million worth of art, down 45% from last year's total of 381. at sotheby's, sales of 135, they missed the low estimate of 138. 15 of 53 pieces failed to sell. the star of the show took a big tumble. 1935 picasso, sold at auction three years ago for $40 million. yesterday, went for $27 million. so the value of that piece dropped by a third in flee years. a monet was expected to fetch $17.5, that went for 16.7. another picasso, all failed. they saw continued market activity across all price levels and this rodan sculpture went for $17 million. that was a good price. all of this confirms that the art market is turning and that 2015 may have been the peak, we don't know whether it is a correction or a slowdown, but christie's last week reporting its first annual decline in sales sin

i want to bring in robert frank on the question of trump's tax returns. he maintained last night and just now that he will not release his tax return presumably 2014 tax return until an audit is finished. then going back, many, many years, who knows. why doesn't he release earlier tax returns that are finished with the audit? >> that's one question. there is no reason he can't. the other question is, he can release the 2014 returns. if you go to a bank now and apply for a mortgage, they ask for your tax returns, if you're being audited, which happens frequently, you just tell the bank, it is pending an audit. but you release them to the bank. no reason why he can't do that here. i'm trump, i'm being singled out, if he watched cnbc this week, he would have learned that one in ten millionaires are being audited. that's twice the rate of 2007. for those making more than 10 million, it is one in seven. so he has more and more people like him among the wealthy that are being targeted, increasingly by the irs for audit. >> it would not be usual for the one in s

wealth correspondent robert frank.ere with that story. >> they pay the most taxes but they also get the most audits. a new report from the irs found that tax filers had a 1 in 10 chance of getting audited last year up from 7.5% in 2014 and almost double the rate as 2008. you are now 12 times more likely to be audited if you're a millionaire earner than if you earn less than $200,000 a year. now the irs created the global high wealth industry group to better target the rich and generate more money from audits. a total of 35 billion from enforcement actions last year. much of that probably from the wealthy. so how do you avoid an audit. big swings in incomes so try to smooth the income strings with asset sales and investments. try to reduce numbers outside the norm and try not to use giant round numbers. they can seem fabricated. this is the most important. don't use the word yacht in your tax return when talking about your business expenses. people do it. >> they don't. >> they do. >> accountants told me that's one of t

robert frank shows us how the super rich plan to get to the big game. ter: the private jet industry, the super bowl is the biggest event of the year. we'll take you inside a $26 million ride to the big game. hot wings included. come aboard. to be the busiest super bowl yet for private jet companies. robert frank has more. he joins us live from at the time -- teterboro airport in new jersey. >> reporter: this is the single biggest event of the year. more than 1,000 private jets expected to descend on the bay area for the big game and private jet goers expected to spend over $75 million on charters and single seats. now for the private jet companies this is also a big marketing day to win new clients and win the loyalty of existing clients so they are throwing parties. they are taking limos to and from the planes. booking restaurants. getting tickets to the game for clients. take a listen. >> we want to make sure that their experience, their entire travel experience from the time they leave the home to flying on the aircraft to helping them navigate the sa

our wealth editor robert frank is on the case. this is quite a change.ught we were very generous? >> we had been but the top 50 givers donated 7 billion to charity, that sounds like a lot but down 30% from 2014 and lowest since 2010 according to the philanthropy 50, kron keled by the -- 33 million last year to be in the top 50. gifts from silicon valley, to 1.9 last year. new york is now topping the silicon valley in giving with big gifts last year from hedge fundsers and people in finance. the top giver last year, richard melon gauge much of had to conservative causes and seconds was john santikos, he ran a texas theater chain and gave 605 million. the third we all know michael bloomberg gave 510 million and paulison gave 400 million to harvard. the number of americans renoupsing their citizenship hit an all time high last year, over 4200 americans giving up citizenship or their long term residency according to the treasury department. they blame new irs rules for taxes for filing for overseas americans. it's not like rich americans are packing up louis

robert frank, what's going on? >> this is a blockbuster deal, kef griffin purchased two paintings for $500 million setting a new record for work of contemporary order. griffin purchased a jackson poll lack and the prices aren't broken out, believed to be the most expensive contemporary work ever sold and second most expensive ever sold, now griffin has loan d the two pieces to the art institute of chicago where they'll remain for the foreseeable future. two paintings for a half a billion dollars. back over to you. >> who was his broker? >> who is the broker? this is a private transaction, i think i know who the brokers were but can't say but this was this summer before we started to see a little weakness in the art market. >> just sort of a joke, you know what i'm referencing, the broker who overcharged everybody -- >> wasn't boufier, no, wasn't him. >> how ironic, we were discussing deflation and now two paintings purchased by ken griffin for half a billion dollars. how ironic. >> wow. let's see, about 45 minutes

robert frank is here to explain. >> especially these older cars which really burned a lot of gas.on in scottsdale, arizona, wrapping up over the weekend. they're the biggest auctions in the country and seen as a gauge of the collectible car market. this year, flashing red. the auction of 2,500 cars ended yesterday. it fell 14 short from last year and the first decline in five years. the average sale price falling 13% to just over $100,000. they're telling me there is an oversupply of certain cars now, and on demand side, affluent buyers are anxious about the stock market and global growth, but oil, big thing, oil may have been the biggest drag. many of the new buyers in scottsdale over the past five years have been from the oil and gas sector. this year, many buyers just didn't show up. 20% of the cars offered failed to sell. prices for 1960s and '70s porsche 911s fell 20%. ford gts, the crowning achievement of american automobile industry, this fell 8%. there were some bright spots. the top seller, mercedes, selling for $9.9 million. and 1950 ferrari sold for $6.5. when we have a

demetria roberts is former police officer. i want to have a frank conversation about guns. somebody wants a firearm, there is something wrong with that, it is because they don't understand what guns are about. we are having this conversation to education our national audience, guns are your best sfrendz friends, more so than the german >> i don't have feed my gun. >> armstrong: i like that line. talk about guns. >> you mention some of those advocating fewer guns, no guns, when the president, secretary of state call for the australian example to be our guide, that means getting rid of half the guns we have or more in private hands in the united states. i really wonder if they are willing to show us what it is like for example. why do they think it is a good idea for the rest of us? we are not going to be blessed with a 24/7 secret service we have to be able to respond appropriately without help getting on the scene. generally in a very good situation may take four or five minutes for the police to get there. they are not our private security. it could take longer depending o

detrmeia roberts is fmeorr po li offceeric. wianto t heav a frank coernvsation autbo guns. somebody wntas a rearfim, the re isom sething wngro with that, it is bauecse they d'tonnde utarsnd whatu gnsre a abt.ou to eduticaon ourat nional auendice, gunsre a yourest b sfndzre frndies,ore m so tnha the gmaern epshherd? >> ion d'tav he feed my gun. arm>>rostngi : like that li.ne talk about guns. >> you mtienon somef o those ad cavoting fewer nsgu, no guns, when he t pridenest, secretary of st atcalle for the atrusalnia explame to be our guide, ttha means gtingetri df o half the guns we veha or moren i private ha ndins the unid stteesat. willingo t sowh us what it is kelior f amplexe. whyo dhe ty think i its aoo gd eaid for the rtes of us? we a nreotoing go tbe blesesd with a 24/7 secre stercevi otprection if evil strikes. weave ho tbebl ae to rpoesnd ap prriatopyel whoitut help geing tton the scnee. negerally in a veryoo gd si tuation may teak four or five mi nutesor f etho plice to get th ere. eyth a nreot our pvarite sericuty. it c ldou teak lonrge depdienng on a lot of difren

frank was honored in virginia. that was the legislature in virginia. a good day for him. alison: really good highlights. robertank you so much. my best yet. redskins.ubt, go alison: way to roll with it. steve: yeah. they don't pay me the big bucks for nothing. , apple may to come be in big trouble. leon: 7 on your side with consumer news, bad news for apple. 626 milliono pay $ 6 to a company that accused them of violating their patents with programs like facetime. owes more than the original fine. apple has since revised its programs to avoid the patent violations going forward. alison: i think they will probably be ok. leon: send us home. on, not a tonoing of snow, but enough to cause a little problem in the morning. advisory includes the district, arlington, alexandria, all of southern maryland, everything in purple. if you have plans and delmarva, sarles barry, ocean city, tomorrow could be slow going -- soul is barry -- salisbury, ocean city, tomorrow could be slow going. southern maryland will have the snowflakes, but then everything moves out by about 7:00. rush-hour commute will be wet, but at least it

. >> anchor: planned parenthood shooting suspect robert dear is facing 79 counts that left three people dead. >> frank: dear previously lived in two places here. now he's speaking out in a what he says drove him to kill. >> anchor: heather skuld reports. >> do you have any guilt? >> no, i don't have any guilt. i'm in a war. >> do you value life? >> of course, that's why i did it. i value -- i killed three and i saved 3,000. >> reporter: in his phone interview, robert dear calls those who died on black friday, casualties of war. >> do the names garrett swaesy, jennifer or pierre stewart mean anything to you? >> yeah, those are victims. >> were their lives not important? >> well in a war, there's going to be casualties. are you going to name the hundred million babies who were killed that nobody talks about? nobody represents them? they have no voice. have the right to life, liberty and the pursuit of happiness. >> there are six children without a father or a mother. what do you want to say to those kids? >> i already answered that question about them. >> what do you want to say to their kids? >> i'm no

. >> frank: time right now to check out today's "see it, shoot it, send it" picture. >> tammy: robert raeder send us this shot. look, it's a rainbow over sylva. the end of that one. you can send us your pictures, too, just log on to wlos.com. >> tammy: nearly 30 miles from jim barkley toyota, you'll find barkley's mill in weaverville. >> frank: in tonight's carolina moment, we take you to the family farm built on pride and tradition. >> i think everything that has happened to our family and coming to western north carolina has to be our -- >> especially during our corn harvesting. the way we hand pick the corn. hand sort it. even shelling. >> both mike and i moved back around the same time, just as the mill was taking off. and it was really interesting how it all came together and it >> we have a pond above the mill already that had been there since the mid 80s. and so it was just natural place to put the mill and to be able to get back and use it and be able to slow grind the corn so we don't cook the nutrients with the grits. >> the realization was we were in the middle of something

attorney general, along with the solicitor general's office, which would have been robert bork, ray randolph, and frank easter brook. >> wow. >> all, you know, recognizable names in the federal judiciary to this day. and then that was in october of 1975, which was an interesting time, not only because of the post-watergate environment that the scandal was associated with campaign finance, a lot of disagreement as to whether that really was the source of the scandal but that's the way it was characterized. congress took this overahaul of the campaign finance laws which was extensive. and the 1976 presidential campaign was started in january 1 of 1976, were the first disbursements of federal money under the public financing system for presidential campaigns which were going to start that election for the first time. when the court decision came down january, i think there was a lot of surprise, not only because of the environment, the excessive way in way congress passed the law, but also the court of appeals in the district of columbia, which heard the case, the entire court of appeals had upheld every

in the and the first black congressman elect in ohio and frank robinson the first black manager in sports the indians to checkia to the roberts julia preptnc, a school that prepares them for historically black colleges, hbcu . schools were created in the 18 hundreds and early 1990s because they cannotds attend the top schools because of the color of their skin.ls >> that the young people recognize the importance of who they are their rich traditionon and in which history they have no choice but to start accepting that great comes from the lineage of who they are. >> them a rich foundation to carry on through their lifetime and to become a first and whatever they start to be, which famous faces you probably missed during last night's if you do not set then you missed out, last night's, live musical of grease live received reviews, more than 12 new peoplele demand for the three-hour broadcast, which aside from a quick audio glitch was mostly flawless, but what you may not have noticed for the star-studded cameos . >> some were more obvious such as ana gasteyer, who by the principal and theye boys to men who were the teenage are

karen: as frank mentioned, thousands have been paying chief justice john roberts releasing this statement-- "he was an extraordinary individual and jurist, admired and treasured by colleagues. his passing is a great loss to the court and the country he so loyally served." and harvard law school sent us this photo. it shows justice scalia judging a case competition at the prestigious school in 2014. doug: commitment 2016. a moment of silence before a raucous republican debate in south carolina. the candidates pausing in memory of justice scalia. the debate happening just one week before the g.o.p. primary in a crucial conservative state. and as newscenter 5's reid lamerty shows us, the stakes couldn't be any higher. reid: a rare moment in the g.o.p. race-- all six presidential candidates shared the same opinion, delaying the appointment for confirmation of a successor to the late supreme court justice antonin scalia. trump: he's going to do it whether i'm okay with it or not. i think it's up to mitch mcconnell and everybody else to stop it. rubio: it's been over 80 years since a lame duck

. >> attorney frank desimone is talking about his client a plan known to his fans as meek mill. to the court he's robertams. today the 28-year-old rapper dodged a metaphorical bullet. williams faced a possible four to eight years in state prison for his latest probation violation but witnesses pleaded for leniency. after agonizing the judge decided a punishment which means williams will have houssay left for now. for the first 90 days he'll not be able to work but only leave the house for community service. prosecution defense agreed it's a fair decision. >> i think it's a fair decisionly i hope the defendant takes the excellent opportunity the judge has once again given him and proves her correct in her vision of his career. >> probation officer said eosin zero, he's turned his life around. i think he is. seems to be that way. >> williams is to start his house arrest on march first. should he cooperate with authorities and not violate any of the rules, he could begin performing as meek mill as early as the 91st day. on the other hand, should he violate his probation it would appear he could end up behi

plus, frank luntz breaks down the best campaign messaging so far. but we begin with john roberts in greenville, south carolina. >> reporter: south carolina is famous for its bare knuckle politics. it took senator john mccain years to get past the anger he felt over what bush supporters did to him in the 2000 primary campaign. and there are plenty of bean balls being thrown back and forth by all sides. the sharpest battles at the moment are between donald trump and ted cruz, and trump and jeb bush. the trump campaign made a big point of taking down a negative ad of ted cruz saying they wanted to wage a positive campaign. but on the stump, trump continues to go after his opponents. >> poor jeb. he spent $20 million on negative ads. if he didn't do that, i wouldn't be talking badly about him, you know? and he's so off, all he has to do is stop and i'll leave him alone. bush says, i do not believe he's a true conservative. these people are stupid. cruz today took an ad that's so false. i just hope you don't believe the crap, because it's all crap. >> one of the big dirty tricks of th

frank holland, wcvb newscenter 5. jc: a prison letter from aaron hernandez has the pay free yet -- patriot star back in the headline. ed: the words he has for robert craft and the players he said he was closest to on the team. >> and a gift for a mom whose son died when he was a baby and how she can hear his car repairs, home improvements, a family trip ...it's not easy to afford them. what did marco rubio do? he put $22,000x in personal expenses onv a republican party x credit card. rubio's bad judgment caused a scandal pnand for five years rubio refused to releasep the credit card records. marco rubio: skipping major votes... all over the place on immigration... bad judgment. >>> from boston's news leader this is wcvb newscenter 5 at 5:30. ed: there are two breaking stories at 5:30. this driver is being held on $5,000 bail. it is the driver on the right of the screen and obviously that person right there. she covered her head in court and she denies the allegations and claims another driver did it. prosecutors say she hit a husband and wife outside chinatown overnight. the woman was dragged for three miles down the expressway and may not survive

frank's eye william thacker hugh grant william thacker hugh grant is a london bookstore owner whose humdrum existence is thrown into romantic turmoil when famous american actress anna scott julia roberts appears in his shop. a chance encounter over spilled orange juice leads to a kiss that blossoms into a full-blown affair. as the average bloke and glamorous movie star draw closer and closer together, they struggle to reconcile their radically different lifestyles in the name of love. what caught kara's eye in 1940s south calhoun ryan gosling and rich girl allie rachel mcadams are desperately in love. but her parents don't approve. when noah goes off to serve in world war ii, it seems to mark the end of their love affair. in the interim, allie becomes involved with another man james marsden . but when noah returns to their small town years later, on the cusp of allie's marriage, it soon becomes clear that their romance is anything but over. a fairy tale beautiful young woman and her one true love. he must find her after a long separation and save her. they must battle the evils of the mythical kingdom of florin to be reunited with each other. based on the william goldman novel "the pr

robert -- >> [ inaudible ]. >> -- don't interrupt. human rights campaign the national abortion rights action league. barney frank, the author of dodd-frank wall street regulatory bill support -- >> two of the ig issues millennial are concerned and progressives big money from wall street and also war. they don't like war. and that is just -- those are the two main issues in the progressive playbook. hillary clinton was asked about donations from wall street. anderson cooper pressed her and this is what she had to say. >> look, i made speeches to lots of groups. i told them what i thought. i answered questions. >> but did you have to be paid $675 thousand. >> well i don't know. that is what they offered. >> all right. so i just want to add to that. because this is according to the washington post. they looked at the latest fec reports and they reveal that hillary clinton reached a major milestone in the fourth quarter 2015. end of december donors at hedge funds, banks, insurance companies and other financial services firms had given at least 21.4 million dollars to support hillary clinton's run. >> and nobody has

robert, i'm going to come to you first because you're joining us for the first time. liar, liar, liar. that's what we heard over and over and over again. that level of hostility had frankrd nar tweet, we're going to lose because it's too nasty. >> every person on the stage, including jeb bush, violated ronald reagan's 11th amendment, thou shall not speak ill of another republican. this is south carolina. 70% of the republican electorate are vet. 82% on the republican side supported george w. bush in 2004. that's not what you want to say against another republican. it was a bit of a cluster last night. no doubt about it. >> this is skrour state. george w. bush, i spoke to the chairman of the republican party, had a chance to meet him. he really reiterated how popular the bush family is in south carolina. this was george w. bush's firewall against mccain in the year 2000. when you hear donald trump go after george w. bush on the issue of 9/11, i don't know if we have that sound, but blaming 9/11 on george w. bush, saying he did not keep the country safe, which a lot of probably liberal democrats would love to hear, but no elected democrat has even said that. then slammin