martin winterkorn on allegations they defrauded investors the securities exchange commission says the company made false and misleading statements to investors during the diesel emissions scandal while securing billions in new funding the company has already paid over twenty five billion dollars in fines and settlements in the us martin winterkorn has also admitted the company committed fraud however he continues to deny any personal wrongdoing. and let's talk now to our financial correspondent in new york jose luis de haro jose did both so i can see this coming and what's been the response so far. not to come as a surprise that stevenson said to kompany already warned him bestirred simonson will report it was under investigation by the sea but it's also worth noting a preview complained in u.s. courts of buying best tourist making similar arguments as the as if he does these. experts say that any potential cost related to these charges should not be huge when you compare it to the billions of dollars of the company has paid so far as you mention. considers they complain fraud and it

securities exchange commission has scheduled a public forum focusing on distributed leisure technology block chain and digital assets crypto currencies plus there are other nations already making moves here to discuss christiane the co-founder of counterpart act and grace schroeder of octo dot welcome ladies we're glad to have you both back great let's start with you do you think this announced by the f.c.c. is indicative of them really wanting to do something make some progress going forward on rules and regulations or do you think that it's really just the least they can do and to use a trading term it's no more than window dressing. so window dressing i wouldn't i wouldn't put it that way i think that s.c.c. is very aware that we in the united states swing forty percent of the of the global stock exchanges so we are the leader there and very importantly have to do things correctly because in part we owe all our success there to the regulations that we've put into place to protect investors so if you look at that order of magnitude forty percent you know japan is just elbowed china o

the security exchange commission said that is a violation of an agreement made with tesla. musk accused the agency of retaliation after he says that he does not respect the agency. >>> the home decore z gallery, the latest brick and mortar ene million in sales last year operating 76 than 1000 company plans to clos 17 stores hoping to emerge in bankruptcy. they want to sell to a third party or a death for he can quitey watch. >> san francisco-based levi strauss plans to raise $17 billion on the initial public offering. lee vice was a publicly traded company back in the 1970s and 80s but a buyout took the company back toprivate market in 1985. >>> now, it going public again. >> going public again. >> we'll continue to follow that for sure. >>> allie is following traffic for us. how does it look? >> a lot of traffic you on. we'll go through the map to update you because things are picking up. the crash that you see westbound highway 4, east of 680 is creating a a backup. on the right hand of the screen, you see that flash flooding exclamation point, that is because of a car fi

in a document filed by lyft with the security exchange commission, we have a history of net losses and we may not be able to maintain and achieve profitability in the future and we occurred losses of: >>> yes, they're losing money, at the same time they're trying to disrupt a $1 trillion market. and an analyst who does company research says lyft is growing at an amazing rate. >> 150% year after year it doesn't happen. >> and lyft may be getting a bump because it's the first ride share company to go public, a lot of what lyft represents here is not just a tech stock. it's the first opportunity anyone has in the public market to bet on these ride sharing companies. >> still the company does need to keep growing and to become profitable at some point and that plan involves scooter share, bike share and autonomous cars. >> a in autonomous driving. >> for lyft drivers, that is not good news, i believe in technology, but the thing is uber and lyft, the focus how to replace drivers which is sad. >> and he's skeptical that autonomous cars will be on the roads soon. >> if you have an airplane i

. >> reporter: the securities exchange commission said they have a history of net losses and we may not be able to achieve or maintain profitability in the future. and, we encourage net losses of 680 to make and 911.3 million in 2016, 2017 and 2018, respectively. >> yes, they are losing money but they are trying to construct a $1 trillion market. >> reporter: alejandro ortiz is an analyst for share post research they trade shares of companies like lyft before the go cup public. he said lyft is growing at an alarming rate. >> that just doesn't happen. >> reporter: in sure is the editor at large it cnet and say bump because it's the first writes your company to go public. >> a lot of what lyft represents here is not just a tech stock. it's actually the first opportunity anyone has in the public market to that on these ridesharing companies. >> reporter: still, the company does need to keep growing and become profitable at some point , and that plan involves scooter share, bike share and autonomous cars. >> reporter: a lot of lives future it's and autonomous driving. that is not good news.

securities and exchange commission over the diesel emissions down to the i.c.c. say the german comic published a massive fraud against american investors it is also seeking to recover money from the boss was invented last year he was accused of trying to cover up emissions cheating says it will fight the complaints calling them legally and factually flow . electric comic of tesla has unveiled its long awaited electric sports utility vehicle the company hopes the model y. as it's called will win over bias in the most popular segment it has the balls and you don't must the basic model would cost just under forty thousand dollars and could go nearly four hundred kilometers on a single charge it would be in competitors are expected to release their own alleged because you viz in the coming coming months. goods is standing by in frankfurt more trouble for v.w. in the u.s. how badly is that going to hurt. well that very much depends on what kind of evidence we're going to see from the f.c.c. and the core question when did winterkorn know about this whole deal gate scan

back in a new yorker room on april 4th for the contempt case brought against him by the securities exchange commission musk in contempt for violating a statement deal for settlement deal reached last october musk was required to get preapproval from the tesla board for any social media post about the company. the sec says that he violated that deal when he tweeted last month saying quote tesla made 0 cars in 2011, but will make around 500,000 in 2019. about an hour later he posted a new tweet saying the number was actually around 400,000. the sec said this was another example of musk publishing inaccurate information about the company. >>and for your money this morning did you have a credit card when you're a kid now that ought to college i got in trouble these days, it turns out more and more parents though are giving their kids plastic yes. >>we've got mary moloney now with a look at this growing money move. child for some it's apparently a lot 8% of parents with kids under 18 say at least one child has a credit card. that's according to a new report released by credit cards dot com. 21% of parents

the securities and exchange commission has said the tweet was in breach of a deal under which mr muskrmation on social media. french prosecutors are reported to have launched a preliminary inquiry into how former renault chief carlos ghosn financed his 2016 wedding party at the palace of versailles. the french carmaker last month said an internal probe had found evidence that it had footed some of the bill but the chateau had waived the usual $56,000 fee under a sponsorship deal signed a few months earlier. has the inventor of the world wide web has warned that global action is needed to tackle its "downward plunge to a dysfunctional future". speaking exclusively to the bbc on the 30th anniversary of the first proposalfor the web sir tim berners lee said people realised how their data could be manipulated following the cambridge analytica scandal. our technology correspondent rory cellan—jones went to see sir tim in the place where he created the web. what kind of document was it? was it it? it was i word. using some sort of a wordprocessor. 30 years ago a computer scientist near gene

i want to quote from a speech delivered by a former s.e.c., securities and exchange commission, chair. certain mandates which invoke the securities and exchange commission's mandatory disclosures powers seem more directed at exerting societal pressure on companies to change behavior rather than to disclose financial information that primarily informs investment decisions. that is not to say that the goals of such mandates are not laudable. most are. seeking to improve safety and minds for workers or to end horrible human rights atrocities in the democratic republic of the congo are compelling objectives, which as a citizen i wholeheartedly share. but as chair of the s.e.c., i must question as a policy matter using the federal securities laws and the s.e.c.'s powers of mandatory disclosure, to accomplish these goals. those are the words of mary joe white, president obama's s.e.c. chair. she understood what this body understood when it adopted the rider in the provisions -- 2349 appropriations bill my amendment seeks to protect. the s.e.c. cannot and should not be used as a tool for soc

the official cause of the fire is under investigation but in a filing with the securities and exchange commission pg&e recorded a 10 1/2 billio of san better maintenance could campfi >> ey repair that it is. if it's worn out, if it's not secure, if the insol action is bad that's maintenance problems they should have caught. >> pg&e filed for protection last month. the utility said the pg&e corporation believes it is probable that the utilities equipment will be a ignition point of the fire. >>> the oakland teacher streak is in the 2nd week and no deal. negotiations are ongoing, but the districts is the walkout is costing millions of dollars. >> teachers and supporters marched in mass to the state building downtown where contract negotiations are in the fix day. we want the world to the studen >> a the issues are budget cuts, support staff, class size, teachers salaries are the same things that are faced throughout the state. >> the negotiators have rejected the latest offer. that's double the districts offer from a week ago. >> it's clear they have more money and it's arbitrary they jumped to tha

. >> reporter: she was finally forced to answer to the securities and exchange commission, as she wasinvestigated for an alleged, elaborate years-long fraud. >> do you swear to tell the truth, the whole truth and nothing but the truth? >> i do. >> reporter: elizabeth's carefully-crafted narrative began to unravel. there were those hundreds of blood tests she said her technology could perform. >> making it possible to do any lab test from a tiny drop of blood from a finger. >> how many tests could it run? >> i don't know exactly what the number was. there was probably tens ofens of tests. >> when you say tens of tests. you mean something less than 100? >> yes. >> reporter: and those claims she allegedly peddled to high-powered board members? >> was it deployed in emergency rooms and provider offices? >> no. >> was theranos ever deployed in the battle field? >> no. >> was it ever deployed in a medevac helicopter? >> no. >> reporter: as this divide between elizabeth's grandiose vision versus reality became clear, and after lengthy depositions with elizabeth and sonny and people on se rea

he has had some well-known successful run-ins in the government, securities & exchange commission specificallyaving a libertarian streak, something along those lines. >> yeah. i think he has more potential depending where he wants, how he wants to present himself to cross party lines in his appeal. connell: any nba referee will tell you he would be tough. we'll see. what a race. james, liz. melissa: sounding the alarm on alexandria ocasio-cortez. how the freshman congresswoman and her chief of staff may have violated campaign finance laws to the tune of nearly a million bucks. >>> divided on amazon. local leaders in virginia split on the company's second headquarters in the state. what makes arlington different than new york? ♪ if you have postmenopausal osteoporosis and a high risk for fracture now might not be the best time to ask yourself are my bones strong? life is full of make-or-break moments. that's why it's so important to help reduce your risk of fracture with prolia®. only prolia® is proven to help strengthen and protect bones from fracture with 1 shot every 6 months. do not take pr

the securities and exchange commission claims that was a violation of a settlement agreement it reached with muscat last year after he tweeted he had secured funding to take tesla private. in a court filing, must accuse them of retaliation after he said publicly that he did not respect the agency. track court documents released today show google paid a former executive $35 million as part of an exit passage after he was accused of sexual harassment. amit singhal was forced to resign in 2016 following claims that he groped a female employee at an off-site event. details of the settlement were revealed as part of lawsuit brought by shareholders upset with google's payment made to executives accused of misconduct. >>> the mayor of semper cisco announced her pick to lead the public defender's office following the unexpected death of jeff adachi. christian was at city hall where the mayor chose manohar raju, a department insider to hold the position until an election in november. >> reporter: mayor london breed made the announcement today that she picked a familiar face to leave the public d

any company that wants to go public needs to do is reveal a lot of its secrets to the securities and exchange commission. that way people can make informed decisions. lyft has already done and also picked its market. it will trade shares on the nasdaq. next, you have to find investors that's the road show. lyft leaders will go from city to city meeting with big bankers, hedge funds, anybody who has millions to spare. at some point, based on those investors' interest, lyft will set a price. "wall street journal" reports lyft is eyeing $65 a share. the last step, of course, profit. the money those big bankers pay for each share goes straight to lyft. estimates lyft raises $2 billion in cash with the public offering. now it's a one-time deal. the only time lyft will make money off of its stock. after that, lyft shares are traded among investors on the nasdaq and lyft sees none of that money. >>> for the growing crowd of 2020 hopefuls it was a busy weekend. former vice president biden raising eyebrows with a slip of the tongue. here's nbc's hallie jackson. >> reporter: the 2020 attention this morning -- on

the securities and exchange commission wants to hold him in contempt for violating earlier restrictions on his social media posts. today he told a new york judge that tweet and another were not improper. in a statement he wrote, "this is not because i am concerned about noncompliance, but rather because i want to error on the side of caution and avoid unnecessary disputes with the sec." musk also cited his constitutional right to free speech and said he has cut the number of his average monthly tesla-related tweets nearly in half. >>> a recently released inmate will be living rent free the next five years thanks to model kim kardashian west. matthew charles is one of the first inmates released after federal sentencing reforms. charles was convicted of a nonviolent drug offense in 1996 but says he couldn't find housing due to his criminal record. kardashian west, an advocate for criminal justice reform, will pay his rent the next five years. >>> if you think bay area housing prices are already out of control, get ready. six major tech companies plan to go public area may soon be crowded

elon musk has until today to respond to the securities and exchange commission.day you can use the store's gift cards, coming up, right here. ♪ when i come through. ♪ i need a girl like you. ♪ girls like you left me too. ♪ when i come through i need a girl like you. it's screening technology that helps you find a stock based on what's trending or an investing goal. it's real-time insights and information, in your own customized view of the market. it's smarter trading technology, for smarter trading decisions. and it's only from fidelity. open an account with no minimums today. to be nobody but yourself in a world which is doing it's best to make you everybody else... ♪ ♪ means to fight the hardest battle, which any human being can fight and never stop. does this sound dismal? it isn't. ♪ ♪ it's the most wonderful life on earth. ♪ ♪ but when i started seeing things, i didn't know what was happening... so i kept it in. he started believing things that weren't true. i knew something was wrong... but i didn't say a word. during the course of their disease around 50%

securities and exchange commission charges the company and its former chief executive martin warner korn with effectively defrauding investors as he complained specifically alleges that the company and its c.e.o. misled investors when it sold thirteen billion dollars in bonds in two thousand and fourteen and twenty fifteen while the installation of the so-called the theat devices was known to vokes wagon executives as east as e.c. says that by concealing the emissions scheme evokes wagon wreaths hundreds of millions of dollars in benefit by issuing the securities are more attractive rates for the company invokes wagon has struggled to put the emissions cheating scandal in the rearview mirror since the scheme was revealed in two thousand and fifteen the us environmental protection agency charged at that time that the w. violated the clean air act by installing software on diesel powered cars that caused artificially low readings of nitrogen oxide pollution. jet airways is having some financial and logistical turbulence as india's second largest airline struggles to manage an increasingly

the us securities and exchange commission is saying that he violated an earlier agreement he had with by tesla lawyers before they were released on social media. eileen burbidge, co—founder and partner at passion capital, early—stage venture capitalfirm. good morning. hi. so elon musk good morning. so elon musk does not necessarily have to go to good morning.- so elon musk does not necessarily have to go to court but that court date is set for the fourth of april. tell us more about this because this is a man who does not want to have, he calls it the nanny tweeting scenario. there are some new places to go on this. first of all on the hearing, both sides, both the sec and elon musk‘s lawyer argued that there was no reason for the hearing, so i think this is keeping it in the news and the consciousness, oi’ keeping it in the news and the consciousness, or at least in the business and tapers, probably for no good. thejudge should be business and tapers, probably for no good. the judge should be able to rule, do not know if she isjust looking forward to a day of hearing it all argued, b

the securities and exchange commission says the company issued over thirteen billion dollarars in bonds during twenty fourteen and twenty fifteen this while executives and knew thatt over half a million vehicless in the u. s. were vastly exceeding legal emissions limits. coast angle reports. lying to investors to boost profits. best to charge us financial regulators have leveled against volkswagen and its former chief executive. four years after the company admitted to cheating on vehicle emissions tests worldwide. issue is availing themselves of american capital markets must provide investors with accurate and complete information as we allege vote so i can hit its decade long emissions game while it was selling billions of dollars of its bonds to investors us inflated prices. u. s. regulators say executives including former ceo martin winterkorn or in the know. helping to defraud investors out of hundreds of millions of dollars. winterkorn was indicted in absentia last year in a separate conspiracy case in the u. s.. he has repeatedly denied he knew about the plot to cheat emissions t

on cause of the fire is under investigation but in a filing with the securities and exchange commissiong&e recorded a 10 1/2 billion dollars loss. in that filing the utility said the pg&e corporation believes it is probable that the utilities equipment will be the ignition point. pg&e filed for bankruptcy protection last month. >>> president trump former attorney wrapped up a third day on the hill. he answered questions behind closed doors. cohen said the answers were truce full. >> not much i can say other than it was he was able to shed a lot core to our investigation. we were able to drill down in great detail. >> cohen gave public of the yesterday accusing the president of breaking finance law and calling him a racist, con man and a cheat. >> president trump insisted that his son-in-law be given a clearance. the president overruled the concerns of intelligence officials. according to the times sources the f.b.i. and cia had questions about his attorney contacts. a spokesman for cushner said it was okay. >> coming up later a success story, a woman who was homeless for years is forgin

the us securities and exchange commission claims musk last month violated an earlier agreement not to moving tweets. on february 19th, he tweeted that "tesla would make 500,000 vehicles this year". cathay pacific has announced its buying low—cost carrier hong kong express for $628 million. cathay has been looking to increase its presence in asia's budget travel market, which is currently dominated by low—cost chinese airlines. christine hah is in singapore. tell us more about the rationale for this. it's quite a big change in strategy because over the past decade, as every other airline in the region has invested into low—cost subsidiaries, cathay has said it went into that market and focus on the premium segment. that has proved to be a costly choice for cathay pacific so far. it was losing a lot of business to low—cost airlines. chinese and middle eastern airlines. chinese and middle eastern airlines like emirates began taking away premium market share and as chinese airlines started to offer more direct long haul routes, people didn't have to use cathay anymore to reach global dest

securities and exchange commission charges the company and its former chief executive martin warner korn with effectively defrauding investors as he complained specifically alleges that the company and its c.e.o. misled investors when it sold thirteen billion dollars in bonds in two thousand and fourteen and twenty fifteen while the installation of the so-called defeat devices was known to vokes wagon executives as east as e.c. says that by concealing the emission scheme evokes wagon wreaths hundreds of millions of dollars in benefit by issuing the securities a more attractive rates for the company invokes wagon has struggled to put the emissions cheating scandal in the rearview mirror since the scheme was revealed in two thousand and fifteen the us environmental protection agency charged at that time that we w. violated the clean air act by installing software on diesel powered cars that caused artificially low readings of nitrogen oxide pollution. jet airways is having some financial and logistical turbulence as india's second largest airline struggles to manage an increasingly challen

the securities and exchange commission has filed a complaint that the german car—maker issued more thane when senior executives knew that it had been selling diesel cars that grossly exceeded emissions limits. and a quick look at the markets which will quickly arrive... no, they won't! let down at the last minute. that's all the business news. now it's time for a look at the weather with darren bett. thank you. our weather will get much worse before we see significant improvements next week. this cloud has been streaming our way and that hides a deepening area of low pressure, which will bring pretty horrible weather at the start of the weekend. today, a mixture of sunshine and showers, this is a typical picture. still more cloud in the far south of england and south wales, some rain here also. all of us wales, some rain here also. all of us seeing strong, blustery winds, but a difference in cold enough for a noticeable difference between north and south. the game was fading away for northern areas, the rain in the south west are pushing northwards and turning to snow in the hills of no

coming up, elon musk versus the securities and exchange commission.branded sneakers? we'll tell you. it will cost you. he should have listened, one golfer blowing millions in winnings after not taking his caddie's advice. we've got the story after this. ♪ i'm on top of the world. ♪ waiting on this for a while now. ♪ maria: welcome back. vice president mike pence headed to nebraska today as historic flooding sweeps the midwest. cheryl casone on headlines now. cheryl: more than 8 million people are under flood warnings in the midwest. at least three people have died and hundreds forced from their homes. the governors of nebraska, iowa, wisconsin declaring states of emergency. crews going door-to-door to find families and animals trapped in their homes. more than 200 people have been rescued just since friday. meanwhile, the trump administration says it plans to overoverhaul government subsidid flood insurance. they will look at areas individually when assessing flood risk and the cost of the contract. the securities and exchange commission rejecting tes

the security and exchange commission says that's a violation of the agreement. in a court filing, musk accuses the agency of retaliation after he says that he has no respect for the agency. >>> the los angeles-based company generated more than $200 million in sales last year. it does operate 76 stores and employees more than 1000 people. now the company plans to close 17 under performing stores and continue operating under bankruptcy. the hope is to emerge within 120 days after the sale to a third pear for a debt for equity swap. >>> san francisco-based lee vice company announced it plans to raise $587 million for its initial public offering. shares is expected to sell for 15 to 16 each. levi's was a public company until it went private again. >>> and venezuela unrest. >>> more and more talk about presidential impeachment. why is house speaker nancy pelosi trying to stop it? i'm doug luzader in washington, more on it coming up. >>> good morning to you and welcome back to mornings on 2. tuesday morning, march 12th. i'm dave clark. >> and i'm pam cook. i could hav

the securities and exchange commission has sued the automaker for misleading bondholders. regulators say v.w. sold billions of dollars of bonds in the u.s. while concealing the scheme. they call it legally and factually flawed. david: thank you. time now for business week beat. this is where we take a look at one story featured in this week's issue of bloomberg business week. new york's hudson yards. today is the day for the grand opening on the west side of manhattan. vimbiana is there. -- viviana is there. viviana: the day has arrived here in new york city. what can you see fee me is this incredible building with opening decks. incredible architecture, too. in just over two hours is when the kickoff begins. we're going to have some notable new yorkers in attendance. the mayor as well as senior senator from new york, chuck schumer. this culminates 12 years of planning, $16 billion of construction. and today what are we going to see that opens? the public square and gardens, as well as the shops and restaurants. what is going to anchor the shops and restaurants retail spac

the securities and exchange commission said it was a violation of the settlement agreement that it research -- reached with elon musk after he had secured funny to take tesla private. he says the sec is retaliating after he did not respect the agency. >>> house speaker nancy pelosi is not in favor of trying to impeach president trump. in an interview with the washington post, she said, i'm not in favor of impeachment. it is divisive to the country and unless there is something so compelling and overwhelming, we should not go down that path because it divides the country. she concluded, he's just not worth it. >>> and gavin newsom calling the 2020 budget political theater. focused on the $8.6 billion request to pay for a wall along the border with mexico. the governor cited the president's previous request was only $5.7 billion for the same project. that resulted in the longest government shutdown and u.s. history. >>> the british parliament is expected to vote on theresa may's plan for britain's exit from the european union. they did not have the support from people in may's own party. writ

. >>> the securities and exchange commission criticize the tesla ceo elon musk again.olated a settlement deal. he claimed that tesla would make a half million cars this year and then later dramatically changed in a later tweet. fcc regulators told a judge that tesla ceo elon musk never sought approval for a single tweet about tesla. musk recents that his recent tweets were not preapproved. but the fcc is infringing on his free speech. >>> according to a new report from the wall street, the national inquirer paid $200,000 for the racy text messages between amazon ceo jeff beso and mark sanchez. it was sanchez's brother that gave the information. the relationship became a national inquirer cover story because of the text messages. besso later announced that he and his wife of 25 years were getting a divorced. and the inquirer's publisher was going to publish more text messages if they do not find out who leaked them. >>> there are smart phone zombies. it has laser beams and clashing lights to warm people that may be too districted by their cell phones to look up. and the

the securities and exchange commission is asking the court to find musk in content a tweet made that said that tesla made zero cars in 2011 will make around 511,000. the tweet restated previously approved disclosures, his lawyers say. >>> ups is now using drones, making flights carrying medical supplies between two hospitals. ups says that drone deliveries took less time than deliveries by truck and that it does plan to make multiple flights a day for the hospitals. >>> in its latest crackdown, facebook shut down thousands of fake pages. facebook says that it has removed more than 26,000 pages, groups and accounts that engaged in coordinated unauthentic behavior on both facebook and instagram following months of looking for fake accounts. almost 2000 of those accounts were linked to russia and another 500 tied to iran. many of ps and media organizations. >>> redwood city game maker says that it is linking 350 employees from its work force of 9000. the ceo says it is ramping down its presence in japan and russia. the company will do anything it can to help its workers find the next op

%f0 >>> the securities and exchange commission is calling out tesla's ceos again claiming elon musk violatedettlement deal. he defeated that tesla would have made half a million cars this year and then revised the numbers. he agreed to have his social media posts preapproved after a similar incident last fall. sec regulators said elon musk never sought approval for tweets about tesla. >>> according to a new report from the wall street journal. the national inquirer paid for the information about bezos. he was in a relationship while still married and it became a cover story because of the text messages. he announced that he and his wife of 25 years were divorcing. and he said the >>> president trump welcomed brazil's new leader to the white house. during a joint news conference in the rose garden. he said they have many views in common. they are discussing a range of inside their first sit-down meeting including trade relations, investment in brazil, and the ongoing political crisis in venezuela. >> the president, i will tell you that we'll be consulting and talking a lot. we'll be working o

of the department of labor to continue to protect workers in the workplace, of the securities and exchange commission to protect investors against financial fraud. many corporations hate regulation. the problem is regulations are pretty popular. politicians may talk about cutting red tape, but their constituents really like clean air and clean water. they want safe workplaces, and the peace of mind that their investments are sound. that's where judges like neomi rao and cases like keyser come in. for decades we have operated in a system where congress passes laws and administrative agencies fill in the details and implement those laws using their regulatory power and their time and patience and expertise to deal with complex problems. it has worked extremely well. cases like kaisor, however, slowly chip away at that system, shifting more and more power from expert regulatory agencies to courts. and to courts filled with more and more judges like neomi rao. the daily beast influence reporter jay michaelson has written, and i'll quote here, sometimes thought of as a legal association, the federalist so

securities exchange commission rules governing disclosure of material information. >> reporter: j.p.prisons and immigration detention centers. the decision comes after protests. they make up 10% of all prisons. two thirds people held by immigration customs enforcement are in private detentions enters. >>> wall street investor goal sucks is relaxing it's dress code. the new dress code announced. they're responding to the changing nature of work places in favor of a more casual environment. the memo did not specify what they should wear. all of us know what is and is not appropriate for the workplace. it said casual dress is not appropriate for every interaction. employees are encouraged to use good judgment. >>> r kelly is talking about the accusations he is facing. coming up what he has to say in his first interview since being charged. >>> a beloved san francisco institution. the goldengate fortune cookie factory is struggling to stay open. the factors that put in some hard times. jake... seresto, seresto, seresto. whatever your dog brings home to you, it shouldn't be fleas and tick

lauren: the securities and exchange commission suing volkswagen over the diesel emissions scandal. the s.e.c. says volkswagen issued more than $13 billion in bonds and asset backed securities in u.s. markets at a time when senior executives knew the diesel vehicles exceeded limits. they claim they reaped hundreds of millions of dollars in benefits by issuing the securities. the company said they will contest it vigorously. cheryl: now to the scandal rocking boeing. halting deliveries of their 737 max jet, this move coming after dozens of countries grounded the jet following two fatal crashes in just five months. the of most recent one last sunday in ethiopia. the 737 max could be grounded through at least april. meanwhile, a source telling fox news that the black boxes from sunday's crash have still not been examined in any way by french officials. in fact, arguments have broken out and protocols for the investigation according to faa oofficials are not being followed. lauren: the stock is down 12% since the crash. that's $20 billion in market cap wiped out. so there it is, folks. l

set april fourth as the hearing date in a lawsuit agaisnt elon musk brought by the securities and exchange commissionit seeks to hold tesla c-e-o elon musk in contempt for violating a settlement deal reached last last october. according to the deal, musk is required to get pre-approval from a tesla board committee for social media posts about his electric car company. according to court papers, regulators said he posted inaccurate and material information his over 2 (grant) and could high speed rail still be on track? we take a look at the last push to save the train project in california. (vicki) it is now illegal to have bump stocks. and although it's been challenged in court, the ban is in effect. we give you a timeline of how this ban came to pass. (grant) harris for the teachers. the way she plans to raise teacher salaris by over 13 thousand dollars if she becomes president. "books, supplies, smaller class size"(vicki) we have seen teacher strikes across the country this year... including in oakland where schools were closed for seven days while teachers fought for higher wages, smaller class si

(grant) the u-s securities and exchange commission is suing the embattled german automaker -- sayingpany and its former c-e-o carried out massive fraud by cheating on emissions tests. the s-e-c says volkswagen issued 13 billion dollars in bonds and other securities to investors while making false claims about its financial health and the vehicles' emissions. volkswagen admitted back in 20-15 that it fitted millions of its diesel vehicles with software that could cheat emissions tests. millions of cars worldwide had to be recalled. the automaker has already paid 30 billion dollars in penalties. . (vicki) aircraft manufacturing company boeing will continue building new 7- 3-7 max planes. this -- despite the jets were involved in two dealdy crashes. the most recent incident was sunday -- when an ethiopian airlines flight crashed, killing all 157 people on board. before that was the october lion air crash in indonesia. countries around the world grounded the aircrafts this week. while boeing will keep making 737 max jets, they won't deliver any to airlines as they work to determine what

court case is set, april 4th, a federal judge in new york will hear arguments in the securities and exchange commission'sf a previous fraud settlement. the s.e.c. says the tweet was improper because musk did not get advanced approval from tesla. michelle obama close to setting a record, her member yo memoir d nearly 10 million copies, already the second highest selling biography by printed copy sold in the us. it's your chance to turn two bucks into $750 million. tonight's powerball jackpot is the fourth largest in history. if someone picks the lucky numbers they'll get the lump sum of $466 million before taxes. we always like the to tell you your odds of winning. they're not good. but there is a chance. one in 292 million. ashley: i don't care. i a may not be here tomorrow morning. i'm putting you on notice. lauren: do you have a strategy? ashley: quick pick, let the computer pick. if i don't see you tomorrow, good luck. let's check the premarket action this morning. take a look at the futures board, starting to push a little higher, the dow up 36, the s&p and nasdaq up about a quarter of a percent. all

pg&e, and a filing with the securities and exchange commission recorded a 10 1/2 billion dollar loss. anticipating damage claims from the campfire. state senator jerry hill says the fire could have been prevented with better maintenance and oversight. by pg&e. >> they allowed this condition to evolving into the bad state of repair that it is. if it's worn out, if it's not secure, if the insulation is bad. all these things are maintenance problems they should have caught. >> in the filing pg&e said quote, the pg&e corporation believes it is probable. the utilities equipment will be determined to be in ignition point of the 2018 campfire. >>> that is a brief look at some of the top stories we are working on. >>> as we reported earlier this morning youtube is now blocking users from commenting on videos that feature children under the age of 13. following concerns that pedophiles have use youtube to exploit children. joining us now to talk more about the new policy we welcome craig timber. thanks for being with us. comments have been a huge part of the youtube experience. how to the comp

cheryl: the securities and exchange commission rejecting rn musk's claim that they are trying to silence him. they say he should be held in contempt for vi violating an or. there were tweets from musk last year about being able to take the company public when the funding was not actually secured. as tesla is trying to cut costs, an internal e-mail reportedly shows that the company is asking employees to volunteer to help deliver more cars by the end of the first quarter, 15 days from now. lauren: i remember seeing the video of the cars in the lot. they couldn't get them where they needed to g maybe the employees could help. u.s. chip makers don't want to be part of any trade deal with china, according to the wall street journal. they report because executives fear greater purchases from china will increase the industry's dependence on beijing. u.s. companies may need to open up more factories in china to hit their quotas. that could mean china gets sway over their companies. washington has pressed beijing to buy more than a trillion dollars in u.s. goods and service as part of any trade

the securities and exchange commission has been at odds with musk over his tweeting without the approvala's attorneys. regulators have asked a judge to hold musk in contempt of court because his tweets could influence investors. >> let's get one last check on the weather and that all-important enjoyable daylight saving time. >> so many people are so thrilled about that next weekend. but in the short term it's all about the cloud cover tomorrow, but it is a dry day to start out the new workweek. tomorrow your highs in the 50s if not near 60 in a couple spots. but again, sunshine will be on the limited side, so it will be a mostly cloudy day. rain returns to the forecast on tuesday. scale impact level 1 light system. scattered showers, perhaps a brief downpour here or there. rainfall looks to be half an inch. we will get snow in the sierra. a storm watch tuesday afternoon lasting through thursday morning. 1 to 4 feet of snow is likely above 6000 feet. so if you're thinking when should i travel there, do it tomorrow, even on tuesday, but by wednesday, that snow turns very heavy and travel w

investors during a dieselda emissions sc the securities and exchange commission accused the german autoer last night of selling billions of dollars in bonds and securities at inflated prices. v.w. entually admitted that nearly 500,000 diesel vehicles sold in the s. were rigged to cheat on emissions tests. on wall street, stks finished the week on a high note, thanks to tech and reta stocks. the dow jones industrial average gained 139 points to close near 25,849. the nasdaq rose 57 points, and the s&p 500 added 14. and a passing to note: w. merwin, the former u.s. poet laureate, died today at his home on the hawaiian island of maui. merwin penned more than 20 books over the course of his career, exploring themes like nature, and his objection to the vietnam war. his writing earning him a hostof iterary honors, including two pulitzer prizes for poetry and the national book award. w.s. merwin was 91 years old. still to come on the newshour:ie s and brooks on the dangers of hate speech. a photographer works to capture the past, documenting the sites of the underground railroad. and, much mo

. >>> this is an investigation by the securities and exchange commission in the matter of theranos, inc reporter: elizabeth holmes -- grilled by 12 lawyers -- investigated for massive fraud. this was not how a young billionaire thought her empire would end. >> do you swear to tell the truth, the whole truth, and nothing but the truth? >> i do. >> reporter: it is certainly not where it began. elizabeth holmes was born in 1984, at the dawn of tech nation, just one month after the macintosh computer. she was raised in washington, d.c. >> the parents, from a young age thought of their daughter as a special person. the mother worked for various members of congress. the father worked for the state department. mostly involved in human rights and she looked up to him as an idealist, which is what she thought of herself as well. >> reporter: she wrote a letter to her father when she was 9. >> dear daddy, what i want out of life is to discover something new. something that mankind didn't know was possible. i also want to study about man and his ways. life is really interesting. i love being with

all the initial public offerings delayed because of the public shutdown, securities & exchange commissionte delay n their favor. again for lyft, a big, big jump up from the offering price of $72 a share. keep an eye on that. investors betting on a lot more of this as the year ensues, including for the economy. getted read from former obama economic chair, austan goolsbee, former ohio secretary of state ken blackwell, who deserves the credit. we always have raging debate whether barack obama's economic resurgence or donald trump's and austan, tip of the hat to them both. what do you say? >> yeah, look i agree with that. we've had this conversation before. my view, i said it when i was in the white house, i said it after i got out of the white house is that 90% of what happens in the economy has nothing to do with washington. driven by the private sector. that is how it should be. tip of the hat to both. the boom clearly began under barack obama. it clearly has continued under president trump. i think, let's keep our eye on the ball though because the growth rate has clearly slowed this las

in a filing with the security and exchange commission, the company senior vice president writes pg&e corporation believes it's probable that the utilities equipment will be determined to be an ignition point of the 2018 camp fire. towards om the announcement is what they said caused the fire, which looks like wear and tear on the equipment, their transmission lines. >> reporter: state senator jerry hill's represents the 13th district, which stretches from south city to the south bay. he is closely watched and criticized pg&e since the utility's explosion in san bruno in 2007. he's a better maintenance of existing light and better oversight could've prevented the camp fire and subsequent loss of life. >> they allow this condition to evolve into the bad state of repair that it is. if it is worn out, if it is not secure, if it is -- the insulation is bad, all these things are maintenance problems they should've caught. that's another example of pg&e's lack of appropriate safety prioritization . >> reporter: pg&e official declined our request for an on camera interview following thursday

securities and exchange commission against elon musk. >> the s.e.c. wants to hold musk in contempt for violating a settlement deal that restricts his social media postings. the commission accuses musk of violating the deal in february 19th. that inaccurately revealed the number of cars tesla is expected to make. musk is supposed to get pre approval for the tweets. he's argued it's a breach of his rights to free speech. >>> new this morning those boarding the napa wine train will be stepping into a prohibition area. a passenger is bumped off and other passengers are encouraged to wear their best 1920s garb. they must try to identify the culprit before he or she escapes. a boarding pass cost $216. it includes a three-course meal on the three-hour ride and a maiden voyage takes off april 13th. that sounds pretty fun. >>> tickets to outsideland go on sale tomorrow. >> the festival just released the lineup. the features paul simon, gambino and 21 pilots. kacey musgraves, the lum nears and blink 182 will perform. outsidelands runs august 9th through august