i am here with fox business network reporter shibani joshi. and he was a student of mine working undercover as a kindergarten teacher, will rahn. his e book is called "the lizard king" and we met in 1988 to realize we were unlikely twins separated at birth, bill schulz. and i met him on a dangerous mission in south america. i barely made it out after he got out of the chopper. it is anthony cumia. he is the host of the opie and anthony show. >> how do i get out of this cage? >> should a trigger be day rigor? i did that well. a small georgia town approved an ordinance requiring all residents to own a gun. the measure mostly serves to make a point about gun rights as it has no penalties and exempts anyone who objects, convicted felons and those with physical and mental disabilities. they think it will make nelson, population 1300 safer. >> basically i really felt like this ordinance was a security sign for our city. it basically was a deter represent ordinance to tell potential criminals you might want to go on down the road a little bit before

shibani: i am shibani joshi.jeffrey skilling could be getting out of prison early. fox news confirming he is in sentencing negotiations with the justice department, was convicted in may of 2006 on 19 counts of securities fraud, conspiracy, insider-trading and lying to auditors. small business lending is showing signs -- signs of growth according to the fdic. small business loans rose in the fourth quarter marking the first quarter lead gains since 2010 but despite year end gains small business lending remains weak. dunkin donuts has a new breakfast sandwich to go with its popular coffee, glazed doughnut a sandwich. they're testing a $3 and which in massachusetts. that is the latest from the fox business network giving you the power to prosper. ashley: call it a tale of two central banks, bank of japan unleashing one of the largest monetary stimulus plans ever while the european central bank says not so fast and continues to do nothing. oppenheimer director of fixed-income is here to break it down and what does it

liz: shibani joshi, warning us all. thank you very much. ashley: shah, shibani.vey breaking down the riches households in the eurozone. who came out on top, germany, spain, cyprus, or even luxembourg? we have the answer ahead and it may surprise you. ♪ . 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 investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. liz: breaking news. we now know who got the early edge on the early release of the fed minutes. remember the fed minutes were supposed to come out at 2:00 p.m. today. by accident they were sent to some 100 organizations early, as in 19 hours earlier yesterday. here is what we have confirmed. on your screen, some of the names that got it early. surprise, surprise, the big boys. wells fargo, jpmorgan chase, barclays, u.s. bank

shibani joshi has the story. shibani: the sec is embracing social media. whole use of platforms like facebook and twitter. it is completely suitable unless the access is restricted or investors don't know that where they need to turn to get the latest news. since december, the sec has been reviewing the whole concept of how executives and companies use these platforms. overall, analysts are pretty happy about this news. regulation needs to be applied to social media which is what we thought all along. other channels of disseminating information need to be looked at. the practice of disclosing stuff to overseas blogs and media outlets in african and western european markets, which are efforts to craft stock moves in our view, will also be reviewed. it is required without regard to global location. this is about getting information no matter where you sit around the globe. this is not just about social media. dennis: thank you very much, shibani joshi. cheryl: the obama administration pushing lenders to make it easier for people with weaker credit to obtain

shibani joshi is here with the details.goldman sachs is taking apple off of its conviction buy list. here is the big picture story. it has, in the united states, the company has been under attack from chinese media. they are accusing the company of being aaron. accusing the company of trading chinese citizens like second-class citizens. tim cook is going back to the country and say we are sorry. do not forget to buy our products. we recognize that some people may have viewed our lack of communication as arrogant or a sign that we did not care or value their feedback. we sincerely apologize to our customers for any consumer confusion we have they caused. he went on to say they have much to recognize about communicating in china. new user growth, we believe apple may find it difficult to pick and says expectations going into march and june quarters. the stock is up. people are coming in and buying. some people are saying this is a good time to buy. ashley: some of those accusations may be true. shibani: apple has been doing a

shibani joshi has the details. shibani: i do not think -- this is what investors have been way for.s have just not been able to get any traction. on thursday they will have a big event. everyone is talking about the smart phone. they have to make money in one way, shape or form did. ashley: there has been lots of comments. tracy: mark zuckerberg has said he does not want to make a phone. it will just be a branded facebook phone. there have been a lot of doubt. shibani: there are lots of apps out there. people are asking why they need facebook clones. we think they will unveil a phone where you just turn it on and get your facebook. ashley: good stuff, shibani. thank you. tracy: how high can this dow go? liz claman will take you through the last hour of trading. "countdown to the closing bell" is next. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account th us. >> you just read my mind. >> announcer: just one little piece of information and they ca

shibani: times shibani joshi with your fox business brief. j.c.in talks with wells fargo for $5 million loan to help according to dow jones. the five year loan would be backed by the retailer's inventory, accounts receivable and intellectual property and early on today a judge ruled the company could sell home products designed by martha stewart under the label day cp every day. macy's is trying to block sale of the items while it appeals the previous ruling allowing it. are you thinking of flying to your vacation destination this summer? reuters is reporting that the faa is expected to handle fewer flights during peak hours because furloughs at control towers. airlines are still trying to understand the impact of those furloughs. that is the latest from the fox business network giving you the power to prosper. tracy: prosecutors say this takes the cake. i like that. adam: ed jersey term. tracy: iris workers stealing benefits, the same workers charged with protecting the system. liz macdonald is here with the bottom line and i can't say we stay in

our own shibani joshi has been doing reporting.i, shibani. >> it proves value of social media, twitter and facebook, what the sites have been able to do with information over the last 24 hours, blasts were heard and captured on video cameras through tweets on the web. this is all before news participant in the marathon, using foursquare, his own company, checking in every mile he crossed and using twitter chronicling what happened at mile 26. fyi, no one at mile 26 has no idea what is happening. moments later, rumor the rest of the race is canceled. no cell phone service. lots of rumors. can't get texts. that is how we learned what was happening in boston. big technology firms as a whole also responding in the wake of what happened in boston. google for example, updating its people finder website to allow people to find loved ones and find one another. this is a site that has been up a couple of years. the company putting it out there in natural disasters and big events like the one we had yesterday. this as all, as cell phone serv

shibani has been covering the story. >> that means we'll have a few more channel the to go to to getpublic material information, from courses. that's essentially what the fcc ruled approvalling a couple more channels for regulation approved material. now it's facebook, twitter, other social media avenues, company blogs and websites are approved, press filings, and fcc filings as well, all under review by the fcc, and coming out in a statement yesterday, last night, in fact, here's what the fcc decided. it decided that most social media are perfectly suitable methods for communicates with investors, but not if access is restricted or if investors don't know that's where they need to turn to get the latest news. essentially, what a company needs to make clear is they use social media to get information out. all of this came under review when a netflix ceo back in december posted material information, and all of this basically put this issue to bee, social media is okay with the fcc. that's essentially what the review was. >> so, shibani, what about facebook pages, twitter postings of c

shibani joshi has all the details in joshi on tech.the irs saying on social media steakout to catch tax cheats? >> melissa the tax agency, the irs is getting more resourceful and creative how it tracks down people who are delinquent on their tax filings, six days before the official due date, april 15th, coming before tax day this year. new reports on irs trolling out facebook and twitter to get information on you if you don't pay the taxman. fox business reached out to the irs. here is exactly what it had to say about the issue. it said quote, suggestions that the irs is using social media to target taxpayers for audits are wrong. audits are based on information contained on a person's tax return, not a posting on a social media site. respecting taxpayer rights form as central part of all of our enforcement efforts. taxpayer service is the central thrust of the irs's efforts on social media. i reached back out to the irs. i said what about people who are red flagged. they didn't respond to me but specifically that are what the reports

shibani joshi here with this. >> you can't blame them.o get as creative as the tax cheats are and in not filing taxes. we have six days ahead of us before the irs deadline. the irs is coming up with resourceful ways for trying to get money that they deserve. new reports out about how the irs is going on to social networking sites, there are some out there, google plus, linkedin, facebook and twitter and the list goes on and on and we were able to get a response out of the irs in regards to this practice and here is what the irs told fox business today, saying, quote, suggestion that is the irs is using social mode yaw to target taxpayers for audit are wrong. audits are based on the information contained on a person's tax return, not a posting on a social media site. well the natural question is what if you're under investigation or if your file is so-called flagged? irs was a little bit more cagey with this information, telling me flagged, for an exam? then no. i'm not quite sure what that means. and i am not quite convinced they're not d

liz: thank you, shibani joshi. the beebs, justin bieber shaking up the education system in norway?y for you when we head "off the desk" straight ahead. ♪ shoot. now with the share everything plan from verizon, connect your camera, along with your smartphone and tablet. all your devices connected by one simple plan on the powerful network. record video. connect more. so you can do more. the share everything plan from verizon. add additional devices like the samsung galaxy camera for $5 monthly access. you are gonna need a wingman. and with my cash back, you are money. forget him my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. y

lori: thanks so much, shibani.ere on fox business for full coverage of earnings from ebay and i will join david asman on "after the bell" with breaking developments and news out of boston. that starts 4:00 p.m. eastern. melissa: tonight on "money," congressman lee perry joins me to discuss the keystone pipeline and that cleared a major hurdle. how to protect infrastructure like this in light of the attack from the boston bombing that is tonight here on fox business. lori: the federal reserve releases the latest beige book. we're chock-full of news. stocks are selling off. the fear index is soaring. the report could have a big impact on the remainder of today's trading. you want to keep it here for tracy byrnes and ashley webster making their way in. they will be here at the top of the hour. you can't afford to miss it this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and thenreats day afr day... block the acid with prilosec otc and

shibani joshi is here to test more about it.s anyone mighty and powerful and rich enough, it is probably the internet search giant that google. they have filed a petition for personal data that does not require a quarter. it is not just the fbi, but also google. both of these institutions have come under fire for requests and delivery of electronic information and concerns about privacy. google is trying to take a more transparent stance on the issue altogether. a few years ago, they started issuing transparent reports. if you look at it, we should have some web role here, the company showing that 17,000 requests were made by the government. just to give you a sense of the numbers. there are questions about the security letters about whether or not they are constitutional or violate the first amendment. just recently, a federal shot down a request by the fbi to get thinking information. google believes this application also applies to data and personal information. google shares are trading a little bit lower today. few people c

also up 30 minutes until the ebay earnings are coming out and shibani joe she is here with me in whatfrom a company synonymous with shopping? >> and this is not the facebook of google or apple but this company is a money maker. eight quarters in a row it has met or beat expectations hand over fist it is making money and continuing to do so. we believe commerce and people and shopping on their mobile phones can you believe it? they are buying vinyl records and talking hater watches and of the mobile phone this is a big driver for the company with the revenue target estimate looking to grow their revenue from 2012 through 201560% bear reduce the that type of gross? it has its act together. that estimates three point* $7 billion shares are a little weak because we did get a preliminary indications the numbers would be strong so they talk to run how good the numbers will be see may see a pullback but it isn't indicating the strength of the numbers. cheryl: i believe you about that app. why not it is so cheap and it is the auction something for everyone. cheryl: the numbers are coming out

shibani is on that. lori: no bones about it. kfc new plans to win back customers.: 10-year treasury. wow, look at the yield on that. just falling. seven basis points. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. >> i'm cheryl casone with your fox business brief. a disappointing jobs report from the government sparking a selloff on wall street today. the dow though only down 90 points. so we're doing a little bit better. >>> mf global wins court approval for a plan to liquidate assets and repay creditors after filing for bankruptcy in 2011. former chief executive jon corzine was blasted for his conduct in a new report by a trustee wh

details is shibani joshi with joshi on tech. >> hi, there, melissa. "friends and enemies". they're tech french any mys you could say. yahoo! and apple are working together whether or not you realize it. yahoo! has been given prominent space on various apple devices including the iphone and ipad. "the wall street journal" is reporting that the two are tossing around ideas to integrate more. it makes a lot of sense. they have one thing in common. they both hate google. it makes sense for them to come up with creative ideas how to kick google out of the picture. at the heart of the talks is according to "the wall street journal" is getting more access to yahoo! data onto the devices. so that specifically, theory, can access it. siri goes around google. so it makes a lot of sense to get access to data from yahoo! while already finance and weather data has come preloaded on the iphone. what they're talking about is expansion into things like sports stats and news. yahoo! is making crucial inroads in this arena. you know this is an important platform to hel

shibani joshi joins us from the fox business network.why would facebook want to make or sell a phone? >> reporter: that is an obviously question, jon. we know it to be a social network we don't ever want to get off of but facebook wants to make money and be everywhere that you are. there are so many other competitors in this sand box so to speak but facebook as one thing other big players, google, apple, others do not have, that is a very captive audience. in fact a new study from idc, also funded by facebook found that facebook mobile users check their facebook account on the phone 14 times a day. some are, most within 15 minutes of waking up. so what they want to do is own the entire money-making experience and there's a lot of money to be made in the smartphone industry. in fact the industry is growing 12% a year, growing 50% over the next three years. so what they want to do is make money when they sell you a phone. there is money to be made in software, apps, mobile payment, cloud services. they want to make money every step along t

shibani joshi has all the details. >> hi, there, melissa.his is related to the issue whornt big tech firms are doing it for their convenes or the convenes of employees. the legal basis for this argument is that for a very long time big technology firms ended up giving a free lunch because they want to keep their employees on their campus. it wasn't all that convenient for them to go out and grab a lunch. and so depending where the legal basis or the intent of the free meals come from, is whether or not this whole issue is going to come under tax or not. we know that all the perks surrounding silicon valley are a big draw to the industry, and a big draw to technology. google alone delivers 50,000 meals per day, if you attach a value anywhere between 8 and $10 per each of the meal, that means the company provides benefits of just for the food of half a million dollars. of course the irs wants to cash in and we know why. because it makes a lot of monetary sense. melissa: absolutely. that food looks good. are there concerns this creates a slippe

♪ >> i'm shibani joshi with your fox business brief.ictory for areo, live tv streaming service that retransmits local television to sub describers. an appeals court ruled that the internet start-up does not violate copyright law. a group of broadcasters including fox business' parent corporation is suing to shut down that service. and american greetings is being taken private for $18.20 a share in cash in a deal that values the greeting card company at at least $575 million. and u.s. construction spending rose 1.2% in february, home construction surged 2.2% rising to the highest level in more than four years. now we continue our "countdown to the closing bell" with liz claman. ♪ liz: so my floor director or, joe, is like did you see the game of thrones? great, right? >> awesome. great. liz: what am i missing here? it's supposedly great. there's sex, all kinds of exciting stuff. it's the game of thrones market game because everybody has been talking about in this, and we said, well, let's do a gauge of thing, because it's just way too ju

shibani joe she is here with her report. >> no free lunch especially in this environment with the federalcalifornia but the work hard / play hard mentality is a vibrant industry and has created growth but now the irs tries to cash in on all the perks that employees get. we have talked about the perks that go gold give out that they have free legal services, unlimited food and even a concierge to help with personal errands but there is growing controversy particularly miller ltd. buffet line that the "wall street journal" is contemplating charging employees for the enjoyment of the taxable benefits but google serves 50,000 meals per day that is a total value that employees get for free and half a million dollars per day so as a result the irs is contemplating whether to tax employees that is an additional build $45,000 per employee. not just to go also twitter and yahoo are just a handful of companies that could deal with the irs issue. that is why people are attracted bet you add on to the tax bill it could affect the pitcher. connell: you would not think that is something we would talk a