scott cohen will have that when we come back. >>> bank to "power lunch."s for medicare and medicaid cms. they say they're going to be extending the sign-up deadline for insurance on the exchanges for people who want to have their coverage starting on january 1st. it was december 15th. they are now going to move it to december 23rd because of the problems that continue on healthcare.gov. but they also say that they are making progress, making improvements and that by november 30th, just over a week, they will be able to handle some 800,000 people a day. they're also developing a system so if the system gets overloaded you will be put into a cue and you will be called back when it is your turn. they will also be taking the site down for maintenance this weekend, a 1-ho12 -- 12 hour between 9:00 p.m. eastern and 9:00 a.m. on sunday. to continue making fixes. >> so coming up really just a matter of minutes time "street signs." it started out as a social media prey but ended up being serious, very serious, in particular for your privacy. and even paulson giving

a handful of cities in critical condition and scott cohen is in chicago today. e a list of problems there, scott. >> and tops on that list is pensions. you can't do a report on the critical condition of american cities without looking at a pension crisis that could be in the trillions of dollars and you can't do that story without being right here in chicago. an epic battle between the mayor and unions. the story coming up after a quick break on "power lunch." . >>> coming up on "street signs" at the top of this hour, boring is the new sexy. some of the high flyers are hitting as of late, we have dominic chu on the case. also the retailers to beat this holiday season and some of the biggest names in real estate investment will join us on our show. what are they seeing we need to know. >> america's cities account for 85% of the gdp with many places in critical conditions. all this week we're looking at the reasons why highlighting one city and one problem. today a proud city on the great lakes is pushed to the breaking point by pensions. senior correspondent scott

today, cnbc's scott cohen is in miami for us. hi, scott. >> hi, sue. baseball's miami marlins threatened to leave if the taxpayers didn't help them build a stadium. is that appropriate at a time when budgets are tight everywhere? we'll look into that and why the securities and exchange commission is taking some interest in this. that's next on "power lunch." ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] get the all-new 2014 cla250 starting at just $29,900. who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform with

we don't know why this young man chose this. >> scott cohen, thank you. thanks for that. i know exactly where you're standing. >> i do, too. this is the closest big mall to us. i go there often. this is the massive one. >> right. the big one on the -- as you're going west, it's on the left. so that would be the -- >> the southwest of the intersection. >> i have no idea where this is. >> there was so many -- it just reminded me, just bear with me, there was that movie called "soap" and i think sally fields was the superstar. whenever they felt down, she would go out to the paramus mall and all her -- all the people that -- but that was -- >> to go in cogny toe. >> and then she would tell you people would see her and that's how she would rebuild her -- but it was just because there's so many malls out there. i used to live in richwood. >> it's only about five or six miles from here. >> it is. >> and you've never -- >> i don't think i've been to paramus. >> you have different world sxerns, apparently with library stacks or something. >> you know what? i think we should check

scott cohen is at the garden state plaza. scott?mandy, bit of a pattern here, of course, we has the mall siege in kenya in september, the shooting last week of an unarmed tsa guard at l.a.x. airport, and now this reminder of the is vulnerability of our public spaces. a gunman walks into a crowded shopping mall on a monday night just before closing time with a loaded rifle, managed to get off five or six rounds before eventually killing himself but it took some six hours for authorities to finally find the body of 20-year-old richard shoop who was apparently here to do just that, commit suicide. there was a note that was found in his home in a nearby suburb. but still, people aren't exactly sure what possessed him to do this. his brother spoke to reporters just a short time ago. >> my brother, this was a sporadic act. this was something that none of us saw coming. we're not sure exactly what caused him to do this and i mean we're all devastated. >> garden state plaza is owned by the westfield group which also happens to own the mall

let's bring in our scott cohen and cnbc contributor bethanie mcclain, she profiled ba regard ra and cohen for "vanity fair"p. while cohen has been the focal point of mr. bharara's probe, dozens of others have been convicted or xwraadmitted guilt similar investigations. how broad are these investigations of wall street? how much blood is in the water. >> they've been very broad. it's reached into an expert network that's shut down a couple other hedge funds and it's not over yet. it's continuing. while sac capital is pleading guilty, the letters explicitly says that investigations against individuals remain open. and there's also this sec case continuing against cohen accusing him of failure to supervise. this isn't an end point so much as one more marker along the way. >> so scott, you've covered a lot of these cases over the years. raj rotman going back to worldcom, a case of a different sort, can you recall one that was as long in the building as this one? >> well, the interesting thing about this one, tyler, i think is the quality of the lawyering on both sides and the chess match that

all week, scott cohen travels from coast to coast for critical condition, saving americas's cities. our coverage begins today in oakland, california. scott? >> hi, it tyler. that ruling in detroit is something cities will be looking at, whether the city can use bankruptcy laws to reorganize their finances. even in places where they're not contemplating bankruptcy like in oakland where the city is starting to recover, adding jobs, new investment but still are some things holding this city back. ♪ >> reporter: curtis robinson isn't your average pastor. ♪ >> reporter: before he took the pulpit at oakland's faith baptist church, he spent more than 20 years as a stock broker, his financial background still figures in his work. >> you have to have a piece of a neighborhood in order to have economic development. >> reporter: peace comes at a premium in oakland with 127 murders last year, and the highest armed robbery rate in the country. >> first of all we have to have sufficient resources in our police department. >> reporter: mayor jean kwan says the city is hiring officers again, but the

. >> our scott cohen is at the scene at garden state plaza, and joining us is mall security, michaelen. michael, let's kick it off with you. the new jersey mall shooter was able to walk into the mall, he had a rifle. what kind of measures do you think need to be taken to prevent that from happening again? >> maria, and bill, thank you for having me here. >> welcome back. >> thank you, bill. it's important to understand that incidents like this don't just happen. and as much as we're focused on response, we have to invest and quadruple our effort when it comes to prevention. that is the only opportunity we have to truly prevent incidents like that from happening in the future. >> scott, i mean, you're there at the mall. i've been there many times. we all have. those of us who live in this area here. i mean, it's a -- it's an open target. i hate to use that term, but, i mean, it's very easy to get into. you're anonymous. it's a huge mall. i can understand how easy it would be to penetrate the perimeter there. >> well, that's the issue. it's the issue that faces the security professiona

scott cohen is on the scene and will bring us the latest in just a few memberships. >>> but first, let'sa's central banks says it will maintain policy settings to ward off inflationary risks and keep the economy on an even keel. preventing systemic

scott cohen at hq. >>> obama care live for over a moment and finally getting interesting informatione exchanges. bertha coombs at hq with more on that. >> good morning. it may be another week before we get any enrollment data from the obama administration and the white house is warning that the numbers will be small. but interesting indicators out today from a new commonwealth fund survey. fewer than one in five americans who could be eligible for coverage under the affordable care act says they actually looked into enrolling at this point. 60% of those polled said they are aware of the marketplace, that's up from a third a few months ago. only slightly more than half are aware of the avail ability of subsidies. nose who have explored obama care, 21% have enrolled. encouraging number as among those who have bought the plans. one in five, younger than 30. while more than half are between 30 and 49. 7 3%, good to excellent health. one in four says that they're in fair to poor health. new health department notes released by a house panel show even as health officials encouraging america

our scott cohen is in california with more on that story. rter: good morning, carl this is not an upside down version of our state feature. this is a look at cities that each in its own way is facing a problem that is em blblematic o lot of cities. it would be doing better if not for a bad bet on wall street. we take you back to 1997 when goldman sachs, that is, sold city officials on a plan to refinance half a billion dollars on variable rate bonds. they locked in a low, low rate of 5.67%. hey, it seemed like a good deal in 1997. but, of course, rates went down, not up. and oakland is now paying go go sachs $4 million in interest rates and have to keep paying in 2021. they will let them out of the deal but they have to pay $15 million. >> we've tried to negotiate with goldman sachs and i have not totally given up. we want this buyout more quickly and less expensively. >> now, goldman sachs declined to comment for this story but ceo lloyd blankfein said essentially a deal is a deal. it's not just oakland or goldman sachs. there are hundreds o

supervisors eric mar, scott wiener, malia cohen and john avalos held a news conference at city hall thisorning to outline their plans for a tax that would add 2 cents per ounce for sodas and other sugary drinks sold in san francisco. the proposal would have to be approved by the board of supervisors and is tentatively planned for the november 2014 ballot, where residents would need to pass it with a two-thirds vote. "the problem is huge," said mar, who on tuesday will introduce his proposed tax after wiener introduced his version three weeks ago. the supervisors said the proposals differ only a little and will eventually merge into one measure to go on the ballot. wiener said health experts have tied consumption of sugary drinks to type 2 diabetes, obesity and other health problems and that a tax "will save lives and improve public health in san francisco." dr. laura schmidt, a professor with the university of california at san francisco's school of medicine, said recent studies have found even more problems with sugary drinks, which she said can cause increased risk of heart attack, str

scott wapner and the halftime. >> thanks so much. what we're following today. sacked, steve cohen's s.a.c. capital in a record settlement with the feds, now kate kelly has the latest on what happens to the firm. and of course its founder. tweet this, twitter ups its ipo range. traders weigh in on whether they'd buy the stock when it opens for business. >>> the markets heading into the final stretch of the year looking for more gains. surprisingly, still looking for love. so, why is one of the strongest rallies in recent memory still searching for respect? and what does all it mean to where we go from here? "halftime". pete, where's the love in the rally? >> i think it doesn't really take a lot to find some of the love. i think part of the problem is the fact that the financials really have not participated this in quarter. look over at some of the industrial names, i pick out ge, one of the names that i like. we've seen a lot of option paper in there look at energy names, i'm not talking about the big cap energy that everybody always likes to focus on. i'm looking at some of the mid tier n

cohen. he was not accused of wrongdoing. senior business correspondent anthony mason is joining us now. anthony, why is this such a big deal? >> reporter: scott, s.a.c. capital is the first major wall street firm to admit to criminal conduct since the late 1980s. it's evidence of a tougher stance by both the justice department and the s.e.c. which have started demanding admissions of wrongdoing in these settlements in addition to penalties. the f.b.i. says the case is part of the largest insider trading investigation in history and today, scott, it's produced more than 70 convictions. >> pelley: and what exactly was s.a.c. doing? >> scott, here's one example: in 2008, s.a.c. told more than $12 million in dell scott two days before the company reported disappointing earnings. they avoided $1.7 million in loss it is government says by using confidential inside information. six s.a.c. traders already pleaded guilty, scott, two more are under indictment. >> pelley: anthony, thanks very much. elsewhere on wall street, the dow added to friday's rally closing up more than 23 points to 15,639. now looking overseas, there was a raucous scene in cairo

scott wheeler introduced just three weeks ago. >>> they're going to eventually merge their plans into one measure to go on the ballot. supervisors malia cohen supports the proposed tax. >>> it is 5:41. arrested again. >> he has a freaking gun breaking all of my stuff right now. >> why george zimmerman is back behind bars and facing a felony charge. >> plus the high cost of cleaning up san fransisco's parks, how this could play a role in where the homeless are allowed to sleep. >> and it may not be raining now, but it could be raining later and you should plan for that for your drive home. right now traffic on 280 in san jose is looking good. >> and some light rain up towards the sonoma area and also napa very light i might add. somebody eat getting some rain, but what about here in the bay area. will that moisture make it. >>> cloudy skies, some very light rain, mainly at the sonoma county napa, i mean really light. there's not much going on. maybe things will pick up later. there is some showing up offshore. >>> time now 5:44. george zimmerman arrested again in florida. this morning we are hearing the 9-1-1 call from his girlfriend after h