we reached out to carl shapiro's attorney. shocked as everyone else when madoff the best to a ponzi scheme. you also have jeffrey picked. family chase is one of the people who got called. they are still fighting in court. it is about a billion-dollar recovery. then there is of course, norman leavy. he died in 2005. mr. madoff talks about the transfer of funds. essentially, it would be like check hiding. jpmorgan chase had to know what they were up to. they would have to be idiots not to know it. we reached out to jpmorgan chase. madoff has made these fraudulent claims and several and used in past. the issues and that case, that complaint followed by the trustee are the issues bernie madoff is now saying he is speaking out about because he says he wants to assist hst and recovering money for his victims. he knows people do not believe him. he also knows that people think he is a psychological liar. it is bizarre to spend two hours with him. [ laughter ] lauren: i cannot stop laughing. thank you, adam shapiro. dennis: some of th

our own adam shapiro sat down with the infamous ponzi scammer.e is directly accusing clients of participate in his scheme. who is madoff pointing the finger at? do we believe a single word he says anyway? we have exclusive details. do you ever have too much money? ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have kno someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the officl retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ at od, whatevebusiness you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we do whatevert takes to make your business our business. od. helping thworld keep promises. lcowhere new york state is investing one billion lls to attract and grow business. in technology & finance. gei

david: adam shapiro. adam, thank you very much. liz: thank you.e in better than expected as prices surged to record highs, but, could one particular policy derail the recovery? david: which one? liz: well, wait until you hear, david. you got to hear what our next guest has to say about it and they are the hottest thing when it comes to a funny real estate show out there. david: pleus he is one of america's most successful entrepreneurs and ceos. now he is ditching the corner office for venture capitalism. former all scripps ceo is talking exclusively with our own jeff flock. this should be fun. stay with us. ♪ . at od, whatever business you're in, that's the business 're in. with premium service like one of the best on-time delery records ana low claims ratio, we do whatever it takes to make your business our business. od. helping the world keep promises. vo: ta friend und water isly end usomething completely different. i met a turtle friend today so, you don't get that very often. it seemed like it was more than happy to have us in his home. so b

neil shapiro had a long career as a network executive act nbc before he came over to the pbs duopoly in new york. did you get an indication sikhara was directing to intervene? >> they were not being completely honest with us. it was clear they were afraid of somebody. >> we now know from the article is built shapiro called itvs directly and issued some threats including that wnet would pull out of their series "independent lens" in the aftermath of that gibney film. i guess they freaked out when they saw harpham coming down the pike. they did not want to just change the title, they wanted as a to sanitize it, to scrub koch out of it altogether. >> can you explain the relationship between itvs and pbs? you are not automatically going on wnet or pbs, but it was your finding and distribution? >> independent television service is or exists to support financially support the work of independent filmmakers, and an advocate for those films it supports to go on the air and a number of ways including their flagship series which is really the premier showcase for high- quality documentary film

. >> i'm adam shapiro in for melissa francis. here's "who made money today". anyone that owns shares in tesla motors and its ceo, eel lon musk. tesla crushed first-quarter earnings expectations and posted its first quarterly profit in its 10-year history. the stock skyrocketed more than 24%. hitting a record high. elon musk owns 33 million shares. which means he made $449 million today. >>> also making money, investors in green mountain coffee roasters. it is one of the most heavily shorted stocks in the market but the company reported strong fiscal second-quarter earnings and is expanding its partnership with starbucks. that stock surged nearly 28% on the news. >>> but losing money today, it's a secret, victoria secret. april same-store sales grew less than half of what analysts expected. unsees noneably cold weather last month is being blamed for a short fall in hemlines and demand. shares of victoria secret's

. >> reporter: cynthia shapiro is a former human resources executive.he reveals the secret office no-nos nobody tells you. often behavior people think is good. you talk about these hidden career landmines in your book. it sounds terrifying. >> it can be. you just need to know where they are, so you could avoid them. >> reporter: let's call them the eight secret sins at the office. office sin number eight -- being popular. being part of the in crowd could put you on the outs. we all want to be popular. how in the world could that be a bad thing? >> it's a big one. being popular can erode your job security very quickly. it leads to sharing too much personal information at work. i have sat in meetings where the ceo said, i heard this person is going through a nasty divorce, let's not promote them. friendships, you know, need to be very strategically crafted. >> reporter: doesn't sound like much of a friendship. >> you know, it is more of an alliance. >> reporter: office sin number seven -- multi-tasking. if you pride yourself on typing, talking, calculatin

liz: adam shapiro live in north carolina.ith bernie madoff in a fox business exclusive, thank you very much. really appreciate it. adam shapiro. closing bell ringing in about 17 minutes. as the housing market continues to head toward recovery, where are the home builders running to -@for the best profits? we talk to tri pointe homes' ceo doug bauer in a fox business exclusive. and we asked you earlier, remember, with the department of energy loan paid off by tesla motor, would you join the wait list for the tesla model s? if not, would you commit to one if the price dropped to about $35,000 or $40,000? here are your answers as we head to the break. ♪ ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us insting billions... in everything from the best experiences bew... to the finest comforts above. we're not simply saluting histor.. we're ma

connell: adam shapiro from tampa. i want to bring in senator judd gregg, out of new hampshire, he was named ceo securities industry and financial markets association. jpmorgan. for joining us about before we zoom in on what adam was reporting, what is your view if you have a general view whether large banks should have the same person mr. chairman and ceo? >> that is up to the stockkolders, the board of directors. my view is jamie dimon is one of the best leaders of financial institutions, i a very small stockholder of jpmorgan and strongly for keeping him as chairman and ceo. i see no reason to separate that, it is very complex and very significant, needs leadership and he is a very strong leader. it is really corporate political correctness to try to separate these rules arbitrarily and for no good reason and you could end put a lot of disruption and dysfunction if you do that and increase the risk to the shareholders their assets will go down instead of a. if you look at jpmorgan if you our shoulder you have to be

(shapiro) i graduated from high school in 1960, and i didn't have a tape recorder. no technology. an electronic music studio was oscillators taken from the physics lab. there was nothing like a synthesizer made for musicians. here behind me-- here's an arb synthesizer. how many of those were made? 300, 400, maybe a 1,000 of this big model. it was made for composers. it was invented by composers, right? here in front of me-- here's a kurzweil synthesizer. hundreds of thousands of these are made. it's made for consumers. and of course, the synthesis got linked to computing. one way of making a piece is to make the piece on a synthesizer and record as you go on the computer-- no notation, y'know, playing, playing. i like this. i don't like that. try it again. record again on the computer as a sequence. little by little, i began to realize that the music that i wrote was very shaped by the technology i was using to write it. the process became sort of passive. i did way more listening and way less writing. it was slowed down, and i was losing track of the shaping of it.

jo shapiro, thank you so much. >>> that's it for "the lead."e hands of wolf blitzer in "the situation room." >> jake, thanks very much. >>> happening now, breaking news. the white house has just released the e-mails showing how the obama administration planned its public response to the deadly benghazi attack last september 11. will that defuse the first of this wave of scandals? >>> there's already bad blood between the attorney general of the united states eric holder and house republicans. can he survive his latest grilling on the judiciary committee hot seat? >>> and we're also hearing right now from o.j. simpson. this for the first time since he was sent to prison for armed robbery and kidnapping. you'll see him take the witness stand in a bid for

let's bring our panel back, beth toy, walter shapiro and aaron. is mark son ford right?it really the case that they're both done if they lose, because no colbert busch can't beat mark son ford in that district, can she beat anybody in that district? >> i can't think of a house race with more interest surrounding it for dramatic reasons and less lasting political significance. mark sanford's career, win or lose, is over. he is a disgraced figure in south carolina, he is a disgraced figure in the house of representatives if he wins. steven colbert's sister, who pronounces the t wins, she will be a very, very endangered democratic in a district that tends to be 10%-15% republican and the life history of those kind of democrats in those kind of republican districts is not good the first time she gets a serious opponent. the real thing i would love the mark son ford drama to go away. i think all of these people who want hungering for second chances, wash the feet of lepers for 10 years and then come back and say can i have a second chance. anyway the same lesson as far as i'm

adam shapiro has something better.is the man who is in the forefront of lady-as explosive career and her social media profile. for her little monsters sent -- fan site. we're hearing from her manager, the co-founder and ceo of the atom factory exclusively right after the break. plus a bike sharing proton launch this week in new york. the city become more people pet lamb the road. valet, is that the next big boom? would you pay for that? that story coming up. change makes people nervous. but i see a world bursting with opportunity, with ideas, with ambition. i'm inking about china, brazil, dia. the world's a big place. i want to be a part of it. ishares international etfs. emerging markets and single countries find out why nine out of ten large professional investors choose ishares for their etfs. hares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, chargesnd expenses. read and consider it carefully beforenvesting. risk includes possible loss of principal. vo: ta friendnd

see up to see chairwoman then she thought emerged the two and of course we're talking about mary shapiro she would shortly join the ne is steven rise through the ranks in part during the bernie made us tenure there to become its chairwoman and c.e.o. and apparently fond of industry mergers she presided over the hook up between the and the new york stock exchange to become what is known as finra then back to the top spot at the city where she reversed her stance against deregulation but to late on implementing jobs act in money market reforms well she recently cashed good heading to the top shadow regulator prime and tory financial group and what timing because they would soon be in the public's. independent foreclosure review. very cool and we have one a quick important announcement to make you make it all right we will be at the big quins conference this weekend and we will be talking with some of the top people in the big coin and we will be reporting on it next well you boarding in san jose california i think i do. it was quite the revealing day on prime interest we said white on bloo

focused our powers of hypothesis we looked on the switch so we wouldn't trip over jacquelyn mary shapiro as we entered the revolving door zone and finally what can we say you might be invisible but you're crypto keepers aren't we'll see you soon thanks for watching prime interest come back tomorrow and make sure you follow us on facebook at facebook dot com slash prime interest from everyone at prime interest i'm harry and have a great. here's mitt romney trying to figure out the name of that thing that we americans call a dog. i'm sorry i'm just a guy who cares an awful lot but you sir are a fool you know what that is my self. want us to feature is not the only liberal democrats template you. can secure believe that it's. going to support you to distract us from what you and i should care about because there are profit driven industry that sells us sensationalistic garbage because of breaking news i'm happy martin and we're going to break this that it's. it's. more. than anything. else. it's. nafta the b.b.c. bill dr ron came to louisiana where in bury teria which is forty miles from th

shapiro: the purpose of the smurrf is to treat dry weather runoff, which is coming from storm drains. dry-weather runoff occurs when people waste water through washing their cars in the street, hosing down sidewalks and parking lots, their irrigation systems overspray. narrator: in a city of 12 million people, those seemingly small bits of wasted water accumulate to enormous amounts. shapiro: so all that ends up in our streets, ends up in catch basins, storm drains, into our storm drain system, and for some of the city, parts of the city, it ends up here at smurrf. 350,000 gallons come here on a daily basis, producing recycled water, and that can be reused for landscape irrigation and indoor toilet flushing. the pumps can only handle so much water, which is generally when it's not rain, the dry-weather runoff, so if you get a storm of a decent size, the pumps will shut down automatically and the water will just continue to flow out into the ocean and it carries a lot of bacteria and people can get sick when they're swimming in the water near a flowing storm drain. everyone knows you d

focused our powers of hypothesis we looked on the switch so we wouldn't trip over jacquelyn mary shapiro as we entered the revolving door zone and finally what can we say you might be invisible but you're crypto keepers aren't we'll see you soon thanks for watching prime interest come back tomorrow and make sure you follow us on facebook at facebook dot com slash prime interest from everyone at prime interest i'm harry and have a great. real damage and complexity of this oil spill was not something you can grasp just by looking at dirty birds we have between four to five million people in this directly affected area of the coast and it's pretty clear why it's not being reported because b.p. can't afford to have a reported all along the gulf coast are clean they are safe and they're open for business if b.p. is the single largest oil contributor to the pentagon the us war machine is heavily reliant upon b.p. and their oil this is a huge step backwards for the marker c. it's a step forward. carex it is toxic is a look a lot like spraying and. it was it was not a picture that either the gov

focused our powers of hypothesis we looked on the switch so we wouldn't trip over jacquelyn mary shapiro as we entered the revolving door zone and finally what can we say you might be invisible but you're crypto keepers aren't we'll see you soon thanks for watching prime interest come back tomorrow and make sure you follow us on facebook at facebook dot com slash prime interest from everyone at prime interest i'm harry and have a great. download the official publication to your cell phone choose your language stream quality and enjoy your favorites from alzheimer's if you're away from your television or live just doesn't do so now with your mobile devices you can watch r t any time anywhere . you live on one hundred thirty three bucks a month for food because you know how fabulous i got so many i mean the towns i know that i'm sitting in the same place really messed up. and they're all very so personally apologize and. worse you're going to pay a little more white house to give it to the radio guy and for the tail minestrone cause they want you to watch closely to do because you've never

brian shapiro, specialized performance advisory group. coming up on this special edition of the half, we're going to talk some tech. going until particulogle in par. have shares gone too far too fast? the najarian brothers are going to debate it. later, dr. doom himself. nouriel roubini will be here. he's got a bold call you do want to hear. it is an exclusive interview. it's as simple as this. at bny mellon, our business is investments. managing them, moving them, making them work. we oversee 20% of the world's financial assets. and that gives us scale and insight no one else has. investment management combined with investment servicing. bringing the power of investments to people's lives. invested in the world. bny mellon. >>> welcome back to a special edition of "halftime." live from las vegas, the belagio hotel. google at all time highs. the question now, can the good times continue. or is a pullback in the cards? the stock up another 1.5% today. let's debate it now. a special debate as well. we know how it is. the najarian brothers a

in well mary shapiro's said that she did not want to be tagged with an investor legacy and then saw her interim business and her interim chairwoman comes and she's dragged in front of congress and congress says to her why are you dragging your feet and then we have this new chairman and she's this new chairwoman says that well we have to do this now so suddenly it's in the balls court of the f.c.c. to implement these new rules and this has to do with the creation of an opportunity for business to raise capital that in the private markets through general solicitation there's a lot of questions with this rule so we will say that mary jo white once opposed the rules through and then deal with investor protections later however i don't know if the rule. protects investors or not well that's and that's up for debate because the funny thing about this rule is that when it comes to raising capital in the private markets when you have a general solicitation you can advertise on the company's website you can advertise in print but this doesn't necessarily mean that the protections will be af

step down now that area has come in well mary shapiro's said that she did not want to be tagged with an investor legacy and then so her. position comes and her interim chairwoman comes and she's dragged in front of congress and congress says to her why are you dragging your feet and then we have this new chairman and she's this new chairwoman says that well we have to do this now so suddenly it's in the balls court of the f.c.c. to implement these new rules and this has to do with the creation of an opportunity for business to raise capital that in the private markets through general solicitation there's a lot of questions with this rule so we will say that mary jo white once opposed the rules through and then deal with investor protections later however as. i don't know if the rule even protects investors or not well that's and that's up for debate because the funny thing about this rule is that when it comes to raising capital in the private markets when you have a general solicitation you can advertise on the company's website you can advertise in print but this doesn't necessaril

let's get to adam shapiro. you're looking at more headlines.in, they're not going to be providing any guidance for q2, which is interesting. of course, the guidance turned into a little bit of a situation this time around. >> reporter: and whether you believe the company is in trouble or you believe that, you know, the end of the computer, they're trying to make things look better for michael dell's plans to take them private and computing revenue was 8.9 billion in the quarter, but that's a 9% decrease. operating income was 224 million, a 64% decrease. if you look at the nongap operating income, it came in at $590, 42% down from where that was a year ago. david: now, we had dennis kneale focusing on jcpenney, but he's also been looking at dell. go ahead, dennis? >> i was just listening, and my gosh, if the pc business is dying, why do so many guys want to bid for dell? aside from laptops, those big servers in the back shops of i.t. departments, dell still has a loyal customer days base. and it's like a utility that gets this recurring revenue.

first quarter earnings are out let's go to adam shapiro >> we will give you part of it. earnings per share better than everyone expected to hundred $3 evening was estimated shares it increase by five of 5%. $2,302. we are breaking down the numbers and you'll have more coming up. melissa: teddy comedy you pay attention to berkshire hathaway? itits the all-time high with is up 21% is this indicator of things in the economy or is he a savvy investor? >> he is a savvy investor and clearly the stock has done a spectacular but it goes back to what peter said i was on the trading floor in 1973 when it was trading at 560 and today these years later at dow 15,000. if you ask me in 1973 where i thought it would be i am sure i not would have said 15,000. but basically buy good stocks in hang on to them and don't worry about the timing of the market and just get on a program to put money to work. it works. melissa: this is what i am worried about. the market i fueledigher by the fed that is why they like the report on one hand it is not falling off a cliff but not getting so much be

adam shapiro is next with the interview. melissa: the irs not exactly blowing over. considering hauling them back to testify. lori: see what the dollar is doing, you do see a weaker dollar today. the euro is strengthening today. back after this. thank you orville and wilbur... ...amelia... neil and bz: for teacaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply suting histor.. we're making it. how long before he goes to college? [ woman ] ...became a real qstion. are we ready to pay for college? [ woman ] so they came to see me anwe talked about ways to manage theironey and save focollege that fit their situation. so when little david -- well, not-slittle david was ready to go to college, his parentsere ready, too. weid it. [ female announcer ] let's talk about smarter ways to manage and save your money. when people talk, great thi

melissa: adam shapiro thanks very much. keep it here on fox business. coming up in the 3:00 p.m.e have the ceo of sony electronics. he joins adam to show the waterproof tablet and smartphone. all i say there better be a water bottle involved in this interview. you don't want to miss this one. lori: what a great assignment. you might already have a linkedin account but there is set to be another professional social network launched soon. news corp, our parent company is said to be producing a platform from "the wall street journal" but you can never have too many social media accounts, correct. melissa: obviously. lori: to bring like-minded people to talk about ideas and good for networking and seeing what everyone else is up to. you better accept my friend request. melissa: the fight over the, have you heard about this. lori: that wasn't a yes, lori. melissa: they're battling against assistant managers who the tips on the counters belong to. now the case is headed to court because the courts are not clogged enough. will it affect the future of the tip jar? and how much customers

lori: thanks for our own fbn rock star, adam shapiro for bringing it to us. on fox business interview, mark andreessen. he tends to be ahead of the curve. he bought skype for ebay and sold it to microsoft. his thoughts on the next big thing, 2:00 p.m. eastern. melissa: tesla is moving with shares of company up over 200% this year but can it continue? jeff flock is live at a tesla star in skokie illinois with more. are they flying off the shelves or the floor or however they're nailed down? >> i have never been, melissa, to a car dealership, it is not really a dealership where you can't buy a car. they don't let you buy a car here. you can't just walk in and hey i want to test drive it. you have to schedule it in advance of course if you're us and you can walk in and get a test drive. this is the model s. this is a wonderful car, i will say. motor trend says it has got to be the best car they have ever tested. that is pretty amazing. you wonder, can this stock continue? i want to make sure i put it in park here because i would hate to wreck this thing. look at

adam shapiro will have a report for us.ch a down market even though we are off the lows today. here are some on the nasdaq. ♪ with the spark miles card from capital one, bjorn earns unlimited was for his small busiss take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. [ garth ] bjors small busiss produce delivery.les [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up cl. male announcer ] [ gget the spark business card deserve limited reward from capit o and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze bton? connell: let's talk about the apple ceo, tim cook now. he touched on his thoughts about the future at the company, he talked taxes, adam shapiro is live at that event. >> first, as we are speaking, cheryl sandberg is actually on stage. she is talking about her book. befo

monitor crowley and our very own adam shapiro. don't sell any of the other people.ting reviews of prisons. yes. it turns up some people think it wod be helpful for bondsmen and friends and family members. in any prison -- >> of five-star present. >> clubs said. melissa: what do you think? >> i think it is outrageous. gives them something to do. >> it does give them something to do. that's true. >> one person rated san quentin of one star. what do you expect? if you can't do this time, don't do the crime. experience the ratings versus the actual experience. melissa: this is why this is so funny because ratings systems are usually reserved for commercial enterprises. i mean, competing for your business. who has the five-star rating verses the four star. this is really wild because you cannot tell whether it is actual inmates doing these reviews. by the way, they have access to computers. they can and do this. >> and if you're a prisoner, are you trying to get i already? maybe if you get three stars everyone is fired. a great review. >> deter people from want to be

. >>> i've put that question to ben shapiro on the grill tonight. we begin, though, with the breaking news on the boston bombings and word the suspects wanted to strike on independence day. deb feyerick is live in boston with more. another dramatic development in this. that the boston marathon was their plan "b" if you'd like. these two brothers originally planned to strike as possibly a suicide attack on independence day. tell me more about that. >> reporter: one law enforcement official who has talked to susan candiotti, apparently dzhokhar tsarnaev told investigators that he was being questioned by them following the arrest. he apparently told them that july 4th was plan "a," that's what they were thinking about doing. they were thinking about using some sort of device like a suicide -- the question is whether the evidence was actually recovered or whether they went and found plan "b," which were the devices, the pressure cooker devices they ended up using, but apparently they were able to build them and build them quickly and therefore they move

in its defense it's all leadership change mary mary shapiro step down now there you know why it's come in well mary shapiro's said that she did not want to be tagged with an investor legacy and then so her interim position comes and her interim chairwoman comes and she's dragged in front of congress and congress says to her why are you dragging your feet and then we have this new chairman and she's this new chairwoman says that well we have to do this now so suddenly it's in the balls court of the f.c.c. to implement these new rules and this has to do with the creation of an opportunity for business to raise capital that in the private markets through general solicitation there's a lot of questions with this rule so we will say that mary jo white once opposed the rules through and then deal with investor protections later however i don't know if the rules even. well that's that's up for debate because the funny thing about this rule is that when it comes to raising capital in the private markets when you have a general solicitation you can advertise on the company's website for ties an

he is joined by adam shapiro.ox co-founder and ceo back in palos verdes, california. cannot wait to hear this one. >> reporter: this is the kind of man you want to meet, only 28 years old. but box, the concept for this, we're talking about bob computing, coming up with this in 2005 before any of us had ipads. we all had pcs with hard drives. prodigy, but the idea and our you going to compete -- compete against 51, microsoft? >> if in 2004, the genesis of box came to us, this is a point where we were in college at the time working for lots of different devices, library computer, personal-computer. >> reporter: blackberry, a text font. >> sexting yourself, the latest of permission to you what the government to be able to remember. and we realize that you can finally store disinformation on servers that were hosted, you know, what today we think of as the cloud and build a really simple interface to have people interact with their data from anywhere and any device. we launched that in 2005, got lucky. markey been inv

(shapiro) camille saint-saens said, "i write music the way apple trees grow apples."ish that was true for me. it's not quite so easy. the process is always different. sometimes i work with a synthesizer and a computer, and i make a sequence, and i actually make the music in sound like the way you make a pot. it's wonderful. it's like molding; it's like shaping, you know. another time, maybe i'm writing the notes on paper. i might try something at the piano, sit at my desk, write a little while, try something else, go back, write a little while. in either case, i don't think it matters too much. it's a kind of slowed-down improvisation. one time i had a piece to do for a british vocal ensemble called electric phoenix, and i didn't know what i would do for them. i took a walk down along the waterfront, here in providence, where i live. [soprano voice singing] it was once beautiful. i mean, it's ruined now. it's like old dirty oil tanks and bits of trash, etcetera. but underneath all of that overlay, you could see the gorgeous shape of the land going down to the water an

adam shapiro has more. >> for investors, you take a look at what facebook has done.re. right now, trading at roughly $26.40 a share. i do not need to tell you. you are the media expert around here. their revenue was up in the last quarter. they were up to 1.6 billion. some of the ways they are doing this are not ways that people who are in that age great state 18 to 25 really like. they put the ads right on your newsfeed. dennis: thank you very much, adam. cheryl: we are taking a look at some big movers and commodities right now. gold is on track for the biggest losing streak in years. central banks had a total of 109 tons of gold. china, france, italy, germany and, of course, the central bank right here in the united states of america. we are at the trading pits of the cme. >> i think it is a reason why i continue to say long gold. we get printed money, quantitative easing. they get gold. what is wrong with this picture. we have that big run-up in the stock market in the 1990s. everyone was going crazy. they got rid of their gold supply to try to get rid of inflatio

adam shapiro with the latest. >> up 2% today. yes, he does keep the role. 32% of shareholders voted for the split. let me interpret what this means. i want to introduce you to michael garland. he is representing the new york city pensioners. essentially, you were in favor of the split. that is down from last year. how should we interpret that. we expect a higher vote in last year. ultimately, today's vote was a referendum on the board oversight of risk. some try to make it a referendum on jamie dimon leadership and that is not what it was about. those votes did land against a set of directors on the committee. in regards to mr. diamond in the board, this has been a problem at the bank. it was an internal investigation and 2012 regarding the london whale problem. it did not go back before 2012. is that a problem? >> it is about putting a government structure going forward. there is a precipitous loss of regulatory confidence. >> we had talked earlier about the grand fisher report. why is that problematic? >> i think jpmorgan has b

david: adam shapiro, thanks very much.breaking news, jcpenney releasing early guidance and it is not pretty. a top analyst weighs in. you don't want to miss this. it is moving markets after-hours. the very latest on what's up with jcpenney. ♪ . [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and ses data. split-second stats. [ indistinct shouting ] ♪ it's so close to t options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade ♪ from td ameritrade all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. david: we got breaking news on jcpenney, surprising the street with early earnings guidance and it is not pretty. joining us is btig. william, an analyst for them. bill, let

adam shapiro. we have breaking news.ts away from president obama's statement on the widening irs scandal. that will happen at 6:00 p.m. eastern. fox bit will take it live. you don't want to miss that one. >>> coming up let no good deed go unpunished. robin hoods in one city are pumping money into expired parking meters. police are trying to stop them. what better place to get details than spare change. that is next. you can never have too much money and "spare change.". ♪ thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of uss investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. how old is the oldest person you've known? we gave pele a sticker and had them show us. we learned lot of us have known someone who's lived well into their 90s. an