michael steinberg was arrested. he worked closely with stephen. he is expected to be arraigned today. paying off the debt. the north korean threat is growing. troops preparing missile for lunch and cutting out communication with the south. senator scott brown. the pitch today on spending more on infrastructure. senator brown wants to know how we pay for all of this. those stories. who is your daddy? syracuse, that is. ♪ dagen: that orange shout out was for stage manager who did manage to show up at work today. we are open for business on the fox business network that is good friday, but the markets are closed today. pain at the pump. announcing a new rule that calls for cleaner gasoline that would cost you more in the next time you clean up your tank. peter barnes has more on this story. peter: the epa has just released this proposal. it is a plant officials say will lead to cleaner air and better health, but also higher gas prices. the proposal will be available for public comment and the epa will hold some hearing on this together further eviden

. ♪ liz: and we have the latest developments in the michael steinberg arrest in just minutes.d afternoon, everybody. i'm liz claman. thank you so much for joining us. we are here, live, making money for you no matter what is happening elsewhere and other businesses. the u.s. markets are closed on but the data has been pouring in of a long. u.s. consumer sentiment, that is up in the months -- month of march as the final reading plucked the preliminary number. consumer confidence jumped sharply in the second half of the month, erasing the decline that we have seen in the first half of month -- march. that is good. your confidence is registering. consumer spending is up for the month of february. january numbers were upwardly revised as well. to get pieces of data that are very important for you and your money in the reason you are all feeling so good and spending more money, the paychecks are bigger after tumbling in january. personal income has headed back up by more than a percent in the month of february. all that should perhaps democracy did not know what will happen over th

tonight, a conversation with emmy nominated producer and writer david steinberg. his show on showtime, entitled "inside comedy," has some of the biggest names, but p4p get to that conversation, i want to get to something we started last week on the program. we are now in our 10th season, on pbs, and we thought this was a good time to introduce you to some of the staff that makes this show possible. joining me now is my friend jerry hernandez. he started as an intern three years ago and is now our production coordinator, and i am proud to say he is about to get his mfa, master of fine arts, go trojans. >> i want to say how grateful i am to be a part of a show that reaches out to young students and young voices and allows them the opportunity to contribute to a meaningful production like this one. tavis: we are glad to have you on. >> we are glad you could join us tonight for a conversation with conversation david steinberg, coming up. >> there is a saying that dr. king had that said there is always the right time to do the right thing. i just try to live my life ev

steinberg is looking at much more than that. they get guys around the guy in the middle. remember that great scene in godfather two: there are lots of buffers. they go after them and that is how they get the guy at the top. nicole: even though the markets are close, we have a few economic reports this morning. our u.s. consumers feeling confident with the state of the economy? our very own elizabeth macdonald is with us. liz: great economic data. when you look at this, you have to say to yourself, our bill in an air park it in the market? the consumers are feeling a lot better right now. let's look at the numbers. we have good jobs coming in. we have personal income outside a very nice rate. the number came in fairly strong. even the most on reconstruct it there has to say to themselves, wait a second, are we in a good space right now? we are not feeling like it is a white nicole ride anymore. look at the best performers so far on the s&p 500 this year. we have the dow ringing the bells at the strongest first quarter since 1998. look at this and best buy. hp, as well. h&r

according to steinberg, in the 112 community colleges, each had about 7,000 students on waiting lists across the state's university system, only about 16% of the students graduate in just four years. in part, because of the cost but also because the courses they need to graduate are just hard to get. by the way, we are told it is very likely this bill is expected to pass. reporting live in san francisco, christie smith, "today in the bay." >>> meantime, students at uc berkeley want their voices to be heard on city council. the student association will announce this morning a proposal to draw a student district for the city. so the student community can have a dedicated voice. the students will hold a rally at 9:30 this morning on the steps of city hall. >>> time is 6:13. time to get you caught up-to-date on all the headlines. no decision on who will be the next pope. black smoke rising from that chimney at the sistine chapel earlier this morning, indicating there's no consensus among the 115 cardinals. they've now retired for lunch and will return for another round of voting, starting

steinberg pleaded not guilty and his lawyer says he did nothing wrong. >> michael steinberg is part ofwith steve cohen, who is one of the richest men in the world. >> reporter: cohen the founder and namesake of s.a.c. capital. investigators have been looking at him closely. so far, nine people have been arrested at his firm. earlier this month, the company agreed to pay more than $600 million in a government settlement. the largest in history. the judge still hasn't decided if he should accept it. >> the government's now just one step away from mr. steve cohen, if the government thinks that they have a case against him. >> reporter: but cohen's lavish lifestyle continues. within days of the settlement he bought this picasso for $155 million. one of the most expensive art sales ever. and reportedly a new mansion on the beach. >> perhaps mr. cohen has things normal in his life, or perhaps he's feeling some stress. but he wants to convey to the public that everything's okay, so he goes and spends $150 million on a painting and tens of millions of dollars on a mansion in the hamptons. >> t

and if steinberg cperates, he could be a key wness for the government against steve cohen. gerri: that is what we will have to watch for. what a great scoop. thank you for helping us out. a great reporter. thank you. well, we are just getting started. coming up, the creator and star of the history channel series american pickers. and the federal government is can't leave you alone or your car. higher gas prices are coming. the. gerri: well, the environmental protection agency proposing new standards for cars and gas. we know that the epa wants to reduce sulfur by 60% and now we hear that this is going to have a cost at the gas pump. up to 9 cents according to the american petroleum institute. who is right? that is a big gap. >> first of all, it is important to remember why the epa is proposing this. this is to protect the lungs and heart of our children and our senior citizen and other people with respiratory ailments. this would be like taking the pollution from 30 million cars off the road. it will prevent thousands of asthma attacks every year and thousands of premature

michael steinberg is innocent until proven guilty, so i cannot comment on this situation.had done a great job. the question is why have we had so little -- to questions. one is why we as a lead lawyer prosecuting criminals regarding the mortgage fraud. and the second, what we continue debt settlements with the people did not have to ait they have run during. adam: i agree that this man is innocent until proven guilty, but let's talk about sac capital. either admitting or denying guilt. where is the accountability on wall street? has any firm been accountable, whether it be a hedge fund or whether they be one of the commercial institutions that helped bring about the financial collapse? >> well, we have had - hsbc had to admit wrongdoing. i think their settlement was just under 2 billion. the one good thing. one positing that is coming out of this news. the sec actually refused to sell standard and poor's. refused to of settle because they would not admit wrongdoing. they're actually going to go to trial which is something that i think we should have been doing all along. t

and if steinberg cooperates, he could be a key witness for the government against steve cohen. gerri: that is what we will have to watch for. what a great scoop. thank you for helping us out. a great reporter. thank you. well, we are just getting started. coming up, the creator and star of the history channe series american pickers. and the federal government is can't leave you alone or your car. car. higher gas prices are coming. [ lorenzo ] i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. the. gerri: well, the environmental prection agency proposing new standards for cars and gas. we know that the epa wants to reduce sulfur by 60% and now we hear that this is going to have a cost at the gas pump. up to 9 cents according to the american petroleum

and if steinberg cooperates, he could be a key witness for the government against steve cohen. gerri: that is what we will have to watch for. what a great scoop. thank you for helping us out. a great reporter. thank you. well, we are just getting started. coming up, the creator and star of the history channel series american pickers and the federal government is can't leave you alone or your car. higher gas prices are coming. [ shapiro ] at legalzoom, you can take care of virtually all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just stay alive... but feel alive. the c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz aler for exceptional offers through mercedes-benz financial services. uh, charles couldn't make it. his single miles card blacked him out here and here. he should have used... the capital one venture card. he's coming to us

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that, to me, violates civil rights," said senator >> reporter: that's why steinberg has written to u.ss to be interstate patient dumping, requesting a federal probe. >> "if the facts are what they appear to be they should be sanctioned," he said. >> reporter: in order to keep federal medicare- medicaid dollars protection protocols for someone in brown's situation should have included a needs evaluation and detailed discharge plan. >> "i can't imagine that there's a good excuse," said steinberg. >> "there are a lot of sick people out here. they just don't get the proper medication. >> reporter: other homeless men familiar with sacramento say it's challenging to find mental help with so much pressure on available programs. for brown, impossible. "he was just the victim here," said simones. >> reporter: senator steinberg is promising new legislation. to help agencies better serve homeless people who are mentally ill. >> pam: charges now dropped. against a redwood city special education teacher, who had been accused of abusing her students. alexia bogdis, who worked at roosevelt elementary

steinberg with any direction knowledge to specific, to substantive allegations that he actually knew getting material, nonpublic information from someone who had a duty to maintain its confidentiality. but yes, i mean, as technology has improved, obviously the sophisticated tools available to traders to access quality information, is very much apart of how a hedge fund, how, how star traders do gain an advantage. and there is a, and what we're seeing is, sort of how there is a blurring of that, of that line in terms of where does it cross into insider trading? and, that's why we saw a lot of these cases involving expert networks. >> they are quite specific, part of as i quote, elite criminal club where he was virtually getting earnings reports before they were released on names like dell an nvidia. either way, let's bring it to what the feds really want, that is the steve cohen the head of sac capital because it would send a message according to the fed about insider trading. the question becomes the $602 million settlement we were expecting might be struck with the sec is that now i

---el autor del proyecto, darrel steinberg, dice que es necesario corregir esa situacion pero los criticoseva pausa pero a continuacion, take vo ---enterese como reacciono la poblacion mexicana a la eleccion del nuevo jefe de la iglesia catolica. take vo - cesar ---un pais latinoamerica no valora emitir una alerta de viaje a sus ciudadanos para algunas ciudades de estados unidos.. enterese por que.. take sot segment ends bergoglio, ha resonado por toda latinoamerica y el mundo catolico... pitch - cesar ---mexico es hogar de la segunda poblacion catolica mas numerosa en el mundo, y desde la capital de ese pais, take 2 box ---jazive perez nos tiene la reaccion de la poblacion mexicana.. jazive 0:01 0:07 1:03 take pkg a lo largo del pais muchos sacerdotes estan dedicando sus misas al nuevo papa francisco primero y es que los catolicos mexicanos recibieron con gran alegria la noticia de la llegada del nuevo papa,,, desde donde estuvieran los catolicos en la republica mexicana mostraron su alegria y aplaudieron que el nuevo sumo potifice venga de este continente... en medio de la celebracion lo

---el autor del proyecto, darrel steinberg, dice que es necesario corregir esa situacion pero los criticosen.. blanca ---ahora pasamos con nuestro companero javier castro... cesar --con el pronostico del tiempo... adelante javier... take pkg take pkg ===roll ticker=== blanca ---vamos a anuncios publicitarios, pero al regresar... take vo blanca ---tendremos las reacciones desde mexico sobre el nuevo papa francisco ... juanfra live cesar ---ahora el deportivo con juan francisco ramirez... blanca ---buenas tardes juan francisco... jf ---cesar - blanca buenas tardes muchachos,, amigos del deporte en casa,, bienvenidos a la cantera del deporte local... take vo ---el dia de hoy la concacaf decidio como quedaran los grupos conformados para la proxima edicion de la copa oro por disputarse en las fechas del 7 al 28 de julio proximo... la seleccion de mexico abrira el torneo enfrentando a panama en la ciudad de pasadena... este aÑo la final se llevara acabo en el soldier field de la ciudad de chicago... wipe fs wipe --vemos entonces los tres grupos,,, y el campeon mexico queda en el grupo "a" junto

steinberg says it's necessary to ensure german economic health. >> successful economic policy is only successful if it encourages their economic distribution. >> the social democrats working hand in hand it to develop the platform taking over 40,000 suggestions from non-party members. the leadership pass the plan in a unanimous vote. >> we will have a look at soccer in just a short moment. >> first, here are some other stories making news around the world. pakistan and iran have started building a gas pipeline leak -- linking the two countries. the u.s. said this could incur new sanctions. this will enable them to sell more of their natural gas resources which the united states as undermine sanctions already in place. >> french police say they have foiled a terrorist attack. three men in their 20's were arrested after they found weapons materials and bomb making materials. they were within days of being able to carry out an attack. >> hamburg has managed to move back into european contention after their first win in three games over stuka guard. -- stuttgart. >> they dropped another s

according to darryl steinberg, each had an average of 7,000 students on waiting list at the 112 community colleges and at the 20 state campuses only 16% graduate within four years. he wants them to promise no student would be denied the right to advance through their education because they couldn't get their class. reporting live in san francisco, christie smith, "today in the bay." >>> reconstruction is under way at shea panise restaurant. reopening has been pushed back at least a week. fire destroyed much of the outside seating area and damaged the downstairs. staff will be personally calling to cancel all reservations through march 30. the restaurant said it was canceling reservations through march 23rd previously. it also said new reservations will be accepted after march 18th. >> police are asking for the public's help in identifying and locating a man who robbed a pleasantton bank tuesday. the wells fargo bank was robbed just after 11:00 am. suspects described as an african-american man between 30 and 40 years old, black hair, brown eyes and a goatee. he is between 5'8" and six-feet

." >> jeff greenfield will also join us, along with david steinberg.ome back. [ male announcer ] when it comes to the financial obstacles military families face, we understand. our financial advice is geared specifically to current and former military members and their families. life brings obstacles. usaa brings retirement advice. . [ male announcer ] this one goes out to all the allergy muddlers. you know who you are. you can part a crowd, without saying a word... if you have yet to master the quiet sneeze... you stash tissues like a squirrel stashes nuts... well muddlers, muddle no more. try zyrtec®. it gives you powerful allergy relief. and zyrtec® is different than claritin® because zyrtec® starts working at hour one on the first day you take it. claritin® doesn't start working until hour three. zyrtec®. love the air. claritin® doesn't start working until hour three. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead a

join me next time for a conversation with comedian, writer, producer, director david steinberg about the very serious side of being funny. that is next time. we will see you then. >> there is a saying that dr. king had that said there is always the right time to do the right thing. i just try to live my life every day by doing the right thing. we know that we are only halfway to completely eliminate hunger, and we have a lot of work to do. walmart committed $2 billion to fighting hunger in the u.s. as we work together, we can stamp hunger out. >> and by contributions to your pbs station from viewers like you. thank you. thank you.

michael steinberg pled not guilty to allegations that he used insider trading to generate nearly one-and-a-half dollars in profits for fox business, the firm founded by billionaire steven palin who himself has recently settled charges. consumer spending and confidence , the latest economic report to show the sequestered and expiration of the payroll tax cut have had little effect on an improving economy. joining me now with his you for , chief u.s. to economist for ubs investment research, maury harris. good to have you here. this looks like sequester was a non-event despite all of the chicken little nonsense from the president, his administration, and the democratic leaders. in the payroll tax cut on the other hand, raising 2% taxes across the board. that looks like it has not amounted to much. what do you think? >> love, what has happened is that there was too much focus on what is going on in washington, and people forgetting that, you know, the most important thing in the economy is how the households and businesses be a. and we are starting to get that back to normal in the private sector.

michael steinberg is accused of short selling dell and nvidia stock. he waat the center of an elite criminal club where cheating and corruption were rewarding, he said. he surrendered his passport and posted his $3 million bail. his lawyer said his client did absolutely nothing wrong. >>> the founder of a south bay research company is under arrest facing fraud and money laundering charges. 52-year-old ali kashani is accused of submitting overlapping grant applications and receiving $1. 2 million from nasa and the national science foundation for the same science project. he is the head of atlanta scientific in san jose. >>> the white house said north korea is deepening the isolation with the latest round of threats against the united states. kim jung un said that they are ready "to settle accounts with the u.s. "some analysts say mr. kim is likely just posturing. >> the north koreaians don't want a war but clearly, they want to provoke, and that may be for domestic consumption for a young new leader consolidating his approximation or winning the support

david: we have david steinberg and cofounder and ceo of global exfunds.entlemen, great to see you both. david, first to you, i don't know if you heard todd, but he said, boy, if you have new money, holding back, waiting until a particular moment, this is not that particular moment. do you agree? >> it's possible, markets are not always linnier. there's a big move. there could be digestion. whether you get it or not, could be event driven or something from europe or china. it's tough after you had, you know, a big move for people chasing things along. directionally, the evaluation of markets should go higher over time. there's no yield in fixed income securities. you got major countries around the world, central banks debasing currency. there's value in the market place, but there's bumps and little extended maybe here or there, we'll have to wait and see. liz: more than a hundred points to the downside, bruno, it could be a bufferin, -- bump, but putting that aside, do you expect more highs in the next couple months? >> weel, it's entirely possible. if yo

today michael steinberg as you mentioned a portfolio manager pretty high up in the firm was arrested.nd, are the feds slowly zeroing in on steven coen himself? >> but, zain, coen does not seem worried at all. right? >> i mean, you know, people sort of expect that somebody, you know, with a guilty conscience might go into hiding or sort of disappear from the public eye. coen, it seems as though he is doing just the opposite. he's been in the spotlight recently after buying a picasso painting reportedly worth $155 million. also buying a home in the hamptons reportedly worth $60 million as well. but that doesn't tell us anything about his state of mind. i will say this though. if a senior person at a company you own is arrested for something as serious as insider trading, my guess is you're probably going to be worried or at least probably concerned on some level. jake? >> the settlement we referred to earlier, a judge has not yet signed off on it. why not? >> okay. so this is interesting. there is a provision in the settlement, the settlement that's worth $600 million, that says that if

michael steinberg was arrested today by the fbi and charged with insider trading it is the latest inr trading. according to his lawyer, "he did nothing wrong. at all times his trading decisions were based on detailed analysis as well as information that he understood properly obtained through channels that investors rely on a daily basis." i am surrounded by women. i will not argue on this. julie, does it really make a difference? >> the study claims it makes a difference. i think it depends on the individual. i think women tend to not be as rigid in their thinking. i think the women i'll are more open to exploring other options. >> the rules are that male directors sperm making decisions using rules, regulation and tradition i tend to agree with julie. i am just saying, i have researched this for each-ten years. i think there are bad women leaders out there. the thing is, women do tend, when you unleash what they can do, they can change whole economies. certainly you can see that in the middle east. charles: i like that point that you brought up. women may be forced to act like men.

we'll continue with our what's working now with david steinberg.eal, kkr is acquiring gardner denver for $76 a share. that's an increase from late october when the company said it was exploring a sale. why turbo? trust us. it's just better to be in front. the sonata turbo. from hyundai. i remember the day my doctor said i had diabetes. there's a lot i had to do... watch my diet. stay active. start insulin... today, i learned there's something i don't have to do anymore. my doctor said that with novolog® flexpen, i don't have to use a syringe and a vial or carry a cooler. flexpen® comes prefilled with fast-acting insulin used to help control high blood sugar when you eat. dial the exact dose. inject by pushing a button. no drawing from a vial. you should eat a meal within 5 to 10 minutes after injecting novolog® (insulin aspart [rdna origin] injection). do not use if your blood sugar is too low, or if you are allergic to any of its ingredients. the most common side effect is low blood sugar, which may cause symptoms such as sweating shakiness, confu

michael steinberg, former top executive at sca may not be or may be indicted.d could conspirator, with shares of dell. could be on the block in terms of an indictment. his lawyer says he clearly has done nothing wrong. sec and doj are telling fox business network, picking off people around cohen in order to get the main guy. what they are describing to us, is that this is not unlike any mob case. when you go, if you're going after the guy at the top you pick off guys around them. you hope one buy flips. we should point out there is lot of talk about the march toma case. matthew mart toma, this occurred in 2008. there is statute of limitation on it to bring charges against cohen because it occurred in 2008. i talked to a lot of lawyers. they say there are ways to extend the statute of limitations. if you are thinking that, if come july where a lot of people say the statute of limitations runs out in terms of bringing additional charges, come july there is no case against cohen on this, i hear there are ways to extend. don't necessarily count on that statute of l

steinberg took so many with it -- so many leaps, >> automatic spending cuts are scheduled to kick in tomorrow and members of the congress and the white house spoke about the sequester. there are meetings between president obama and leaders in the senate. white house press secretary jay carney is asked about the meeting and 45 minutes. we will begin with senate democrats and proposals by both parties to replace the sequester. they need to receive enough votes to move it forward. >> it is very clear that the american people want a balanced approach for the deficit reduction. we have to make smart spending cuts. we can do that by closing tax loopholes and asking millionaires to pay a little bit more. that is basically what our proposal is and we will vote on it this afternoon. we want a balanced approach. that is what the american people want. by almost an 80% margin, that is what americans want. even a majority of republicans want this. it is hard to comprehend. the only republicans in the country who disagree with this proposal are the ones who serve in congress. today, to make it wor