regulators jumped in and handed the telecom giants like sprint verizon monopoly power over their wires and infrastructure so they could be exclusive providers on that infrastructure with no competition of consequence as paul krugman pointed out in new york times article titled the french connections if the companies controlling these passageways can behave like the robber barons of your levene whatever tolls they like on those who passed by commerce suffers and so also do our internet connections. it's time for our government regulators to stop giving monopolies to these giant corporations something by the way that's pretty much only done here in third world countries like mexico and force open the marketplace to competition like most european countries to our broadband infrastructure even though privately built is a part of our commons including the wires passing under and above our common streets in the satellite towers broadcasting over our common airwaves big telco and cable companies.

telecom, consumer discretionary lower at this point.'ll have your moment in the sun in a moment here, bob pisani. >> i want to give you a birthday present. >> come here. th >> this is a piece of maple sugar, you're such a sweet guy. you both deserve an academy award from the floor of the new york stock exchange, both of you. >> you are concerned about the transports at this point. if oil continues higher, you know, especially -- >> that hurts your energy consumers. it hurts your rails. it hurts your delivery companies, the big package companies, the courier services, bill. so there's been a divergence this month between the industrials, up a couple of percent. but the transports are down 4%. so that sets up one of these divergences which from the technical standpoint is not a good sign. so we would be using this as a chance to basically take some profits, let the market fall back a little bit. this is a trading range market. we're not starting a new 18-year bull run until we get structural reform, investor revulsion and compelling valua

telecom data, infrastructure, these things. i am just wondering, did we not imagine that we would be asking for these items? finding out who pays what. >> on your first question, in terms of how those items were or were not part of the original estimate? >> i am with dtw project management. they did their best, i think, to anticipate all aspects of design for the project. in truth, as they get underway, there is an iterative process that gets flushed out that, arguably, could not have been understood at the outset. some of them are apparent. window coverings, for one. the smart solution would be to have the builder do much of the work under their mantel. trying to gear up the effort to do that work, i think it is more efficient and more effective, and probably more cost savings regarding having it under one authority, service beat, rather than splitting it up. regarding the telecom aspect, there are parts that the city allows others to do. supervisor chu: we need your read it makes total sense. i want -- i wonder, did we realiz

as you might have expected, the laggards, industrials, telecom services, people cutting back on their cell phone bill as they pay more at the pump, and consumer discretionary. the single worst performer on top of financials. financials, remember, right as we were headed toward the big financial meltdown kind of take them out of it perhaps. industrial, telecom and consumer discretionary the worst performers when we had the super spike for oil. let's move on. back in march of last year we saw oil spike again above $100. well, take a look at some of the names. i'm walking all over the place here. health care up nearly 12%. telecom which had been one of the worst in '08, one of the best consumer staples, utilities, even consumer discretionary was higher. financials stunk, again, they've got their own issues. now, to this oil run, which really began last november. here's the sector performance since then. industrials, tech, financials, consumer discretionary energy, health care consumer staples, telecom and utilities all up and i'm being told i'm blocking the wall. it's all green. that's a

we did a telecom meeting this last week. when you do this, you can ask folks on the phone -- you connect to folks on the phone and you are available for q&a. i can ask questions and let people indicate a preference. i went through the keystone merits and demerits. how many people do does -- how many people does he still support? 87%. we have watched citizens in a bipartisan effort. we have millions of miles of pipeline. we can connect the united states with can that. this is something the state department has been studied for more than three years. secretary clinton indicated in october of 2010 that she was inclined to support progress. in august of this year, she said we will have a decision before the end of the year. then we have this big protest down at the white house. environmental groups say, mr. president, you allow this to happen and we are not point to support you in the election. within a week or so, the president puts it off until after the election. >> do you think obama supports the plan on its merits? >> they

but even on our russian telecoms giants istana is considering a lawsuit against the indian government now why is this happening that's because the country's supreme court has cancelled its telecoms licenses that were issued in the auction in c. thousand and eight as a semi has twenty one of those licenses and of course it's invested billions of dollars into the projects there and even though it's hopeful that there will come up with an amicable solution doubts that the supreme court will reverse its decision supreme court ruling that licenses should expire on the second of june but it is up to the government to decide first of all how the auction should be held and it is possible for the government to conduct the auction before june second and therefore in the hypothetical it's possible the government states that it will probably take longer but hypothetically it's possible number one number two the government can grant extension can apply to or to get an extension of the grant extension themselves so it allows so more time through or organize so we believe that at least one of those

telecom.

giant ross telecom is down the company has reached a deal to buy back some of the cheers from minority shareholders and precious metals producer who is who was among the best performers extending last week's game . and now more on what is called its posting have to gains more than twenty percent the sour against the backdrop of sliding indices about. after gaining a whopping thirty five percent on friday with the company's capitalization now reaching almost nine billion dollars analysts mention a couple of factors among them a possible merger for the goal then its main a russian rival for the metal also the company is expected to buy back around four percent of the chairs from minority shareholders. and that's all we have time for in the citizen of this but you can always find a lot more stories there online for you at our. business. culture is the same of you are going to try to build on her even more so because we're in the same search of determination and sovereignty this is what many scots say they want a realistic is an independent scotland would be a.

pressure to to not only to do it she telecom but to all companies to all international kompany is to to have to to keep social standards all over the world. because the funny thing is that the chairman exploiting economy is very successful whereas there are high rates of organization in trade unions for example in our. chief industries and in the chemical industries in all these sectors we have strong trade unions and we are successful because there are conditions for working. relatively high wages and there this is a reason i think for the execs for four hours success and i think therefore nobody in the us must fear too is to lose jobs if there is a could. good. relation between between the employees and the company and the management very well said and we need to repeal taft hartly and get carjacked past it's there we've got some work to do here general both of you thank you so much for joining us thank you thank you pastor story. crazy alert watch out where you post online or get sued pretty much generally the facebook profile has at one time or another been tagged in a less than

now why you might ask because the country's supreme court has ordered to cancel all the telecoms licenses issued in the two thousand and eight auction system has twenty one of those licenses and of course it's invested billions of dollars into those projects and even though it says it's hopeful that they will find an amicable solution that the supreme court will reverse its decision. supreme court ruling. licenses should expire on the second of june but it is up to the to decide first of all how they should be held and it is possible for the government to conduct the auction before june second and therefore hypothetically it's possible that. hypothetically it's possible to grant extension. grant extension themselves. more time through or organize so we believe that at least one of those to. be pursued by the government. that's how business looks the south will have another update for you in about fifty five minutes in the meantime feel free to strike out our website at www dot com business and the headlines are next. have been is and tragedy. and be true. family. and does a link. on the b

telecom making a late move to the upside, helping to offset the weakness we are seeing in materials,ility, financials, actually among the early losers as well today. dig deep near what's happening today. first today within the sectors, material stocks under pressure amid general weakness in commodity, monsanto passicing t decline. financials facing a decline. tech sector is lower as well, on the fourth time this year that the sector has been in the red. now, turning to the sectors in the green, energy, as we mentioned earlier, this despite crude slide today, the sector has been the best performer, as bill mentioned, up a little over 1%, helping contribute to that gain today, alpha natural resource, up 3.3% on the news that it is going to be cutting coal production, reducing output in fours because of weak demand for the fuel. within telecom, verizon making gains on the news it is joining forces with coin star's red box to compete with netflix, offering streaming video and dvd rentals, verizon up .8 a percent, telecom stronger by .2. bill, back to you. >> thank you very much. we will

operations of its parent company in germany they should tell a cop so this week twelve there should telecom workers all members of a union with a german government official are visiting the us to meet with american t. mobile employees and observe the hostile environments that they face joining me now to discuss more about the hostile working conditions facing team mobiles american employees and the disconnect between us management and to talk is cloud close very full member of the social democratic party of germany and a member of the german parliament and george cole senior director of communications for the senior director of the communications workers of america union gentlemen thank you both for being so completely for being here with you being available to us why is there such a disconnect between the telecoms german operation and philosophy of business and that in the united states. mr burton. this is a can of then so because this question is the victim for them in the treatment of the mobile usa and this then this then the between too many and you would say you know. mr cole when you

completely for being here with you being available to us why is there such a disconnect between the telecoms german operation and philosophy of business and that in the united states. mr burton if the this is true they can then so because this klystron is the to put them in the treatment of. this then this then the between true and the view is that. mr cole when you're an american here watching this. what are your thoughts.

. >> technology, telecoms, and d a variety of other tecechnologies cluding biotech.companies to grow is highlhly dependent upon getting nonot only i.t. workers but those with a very exotic information technogy skills that a ver hard to find. >>>> they a also have the foreign firms cong io fairfax county from india china sweden, and switzerland. use a one of thehe things that can help comommerciaial re estate -- you want some new tax incentives that would do away with some business incentives ththat would do away witith more foreign investmentnt. >> the president has called for more foreign investment into all parts of f our economy. we are trying to bring in more foreign capital into foreign real-estate. >> ---- in to commercial real- estate. loans are n now maturing. theyre substantially a lot of them undnder water so they need a lot of eity rereinveststment to balance them to help transt business. right now thehere is a tariff in effect on investment intoto the u.s. by fororeigners. we want to lower that tariff and bring in more capital to help rebalance these loan

nevertheless, what we're seeing is financial and telecom stocks pacing gains throughout the day. look at some of the dow components leading the way. the retail index hit a multi-year high today and at&t and verizon contributing to the gains in telecom stocks. the area that hasn't really participated today, that being the utilities. they've been a bit weaker amid an overall upward trend in large part because we had positive news with the greek parliament passing that austerity budget earlier today providing some relief about the concerns over europe. certainly they are not completely -- they haven't completely disappeared and will probably come to the floor again this week with more meetings and news for thachlt a couple other stocks we're watching, chesapeake, company saying it's going to be doing transactions and it expects to be worth anywhere from $10 billion to $12 billion. using proceeds to pay down debt. and we want to talk about diebold. a strong forecast for the rest of the year. right now the dow up 74. guys, back to you. >> mary thompson, thank you. rick santelli in chi

. >> my name is matthew bauer and i am president and co-founder of better world telecom. we just moved happily into our new offices, and i am sort of a kitten in a candy store right now after being involved since 2004. one of the first companies to bring this forward, to have this kind of discussion going down. it is very enlightening for me and i want to commend supervisor chiu for bringing this forward. i myself am on the board of american sustainable business council, and literally over 100,000 businesses that are having the same ideals, the useful comments that i can make based on my 25 years of experience, i feel this will attract companies to san francisco. it catches and on the leadership position. the unofficial leadership position, that amount of capital that exists here, the people and the organization's that have paved a new path for businesses and society, the other thing is to stimulate companies within san francisco to step up to certification or to a higher purpose. the ripple effect, they treat their employees and a different way. the particle out into the

country's supreme court has ordered the government to cancel mobile phone licenses it granted to some telecom companies four years ago. it has cost the treasury tens of billions of dollars. china is to consider contributing to european bailout funds. prime minister wen jiabao made the offer to angela merkel during a visit to beijing by the chairman chancellor -- german chancellor. he also said he would use his influence to convince tehran to abandon its nuclear ambitions. prince william is on a six week tour of military duty. he is a search and rescue helicopter pilot. this comes a time when increased tension over the -- this comes at time of increased tension over the islands. medical experts are one step closer to answering one of the most difficult questions in the treatment of addiction. by comparing attics to their non-addicted siblings, british scientists -- addicts to their non-addicted siblings, british scientists have shown that drug addiction does run in families. but it is one of the great scourges of the modern world -- >> it is one of the great scourges of the modern world. what

the government has revoked a load of telecom licenses, mobile phone licenses.nd what is this about? >> this is one of the biggest scandals to hit india in many years. there are 122 licenses for what is known as the 2g licenses. the way in which they were allocated is considered to be fraudulent. the minister is in the middle of a trial where he is charged with fraud and cheating. the supreme court has withdrawn these licenses. the whole thing has got to be done again. it is only since 2008. some of the bigger licenses are not affected. but the large number that are, -- and it is pretty chaotic. and what is going to happen to these licenses? what is going to happen to the development that has been put into these estimates -- into these systems, or the loans by banks? all of it is up in the air. and there's another problem, explained by our correspondent in mumbai. where is india's reputation? >> some are suggesting, a couple of ministers here, are saying that the supreme court is showing that india is dealing with corruption. on the other side, there may be comp

. >> india's supreme court canceled telecom licenses amid an ongoing corruption scandal. >> thanks for being with us. more an 70 people dead. another 1,000 or so injured. that's the toll after clashes broke out among rival football fans. many poured on to the pitch. the security forces are being heavily criticized for failing to step in. three days of mourning are following. >> supporters of the football club gathered late into the night welcoming back injured fellow fans and received some of the bodies from port said. they angrily vowed revenge for the deaths. and some of the al-ahly players were received. >> with the results of this investigation, each one will take his punishment and we will know why and who caused this tragedy. >> the deadly violence broke out at the end of the game between al alive and a team from port said. as the gahm ended supporters from the al-masry side stormed the al-ahly fans and many were killed in the stampede trying to get out. questions are already being asked about whether it was incompetence or worse. the muslim brotherhood, egypt's brotherhood accus

telecom, industrials and consumer discretionary. utilities really the only one that's been moving down at all during today's session. and within the dow components predict bli bank of america and jpmorgan leading the way foll followed by pfizer. united technology up too. reports say the company is thinking about selling its flow and compressors business, something that could fetch about $3.5 billion for that company. quickly we want to point out that the retailing index has hit an all-time high recently helped in gains by home depot and dollar tree contributing to that as we've seen people basically move down from the walmarts. its stock has responded and in turn the retailing index higher of course ahead of the retail sales numbers later this week. simon, back to you. >> thank you very much, mary. that is our cue to switch on the "power lunch" power surge and drill down on the stories driving the market today. clearly the greek government is undermounting pressure to convince skeptical eurozone leaders that it will stick to the tun

if you can take a look at the other side, excuse my turn, see utilities and telecom are the laggards, we are green across the board in a relatively narrow trading session. just a couple mover, can't do the realtime exchange without talking about apple. shares trading at yet another all-time high and about $10 a share, give or take, from $500 billion market cap. bill and maria, back to you. >> thank you so much, court. courtney reagan with the latest there of course, as equities continue making gains today, oil prices taking a slight breather, even if above $108 a barrel. all along, traded treasuries making a strong move today, higher, let's talk about treasuries, what's behind the move there, rates move lower, today's closing bell exchange, sharon epperson at the nynex. jim, i kick this off with you, talk about the move in elongated treasuries and the stock market higher, do you see a relationship there? >> the relationship obviously is normally if bonds run, stocks are down. today, i spent most of my day trying to figure out why the bonds are ral flying conjunction with the stocks, n

even though we're not up by a lot, we decided the green and financials and telecom in the red.inted out at the top of the heat. few stocks we're watching, first solar, a brutal week. down 15% in the last week. with oil so high, you would think alternative energy would get a bid. not happening. sears holding getting a nice followthrough here. rrdonnelly up for the year. barclays initiates with an overweight and $16 price target. and end with cadden, makes ball bearings. missed on eps and revenue. why is it up? they announced a special $10.50 cash dividend. you have to own by march 5th. that got people to buy the shares. gold, metal prices, sharon epperson at the nigh pex with details on that. >> looking at base metals versus precious metals. copper the best performing here at the new york mer condition tile exchange. biggest weekly gain in a month right now. keep in mind we are seeing weakness here in the close for gold and for silver. but this is a slight ease after a tremendous runup. silver up some 26% so far this year. the fact remains that the geopolitical risk and weaker d

contract to buy a larger than expected margin in the last quarter of two thousand and eleven and telecoms are on the rise in hong kong with china mobile one percent. well here in russia it's now less than one hour ahead of the opening bell the russian markets closed in the red on friday the r.t.s. lost over two percent small the my six finished over one percent down and mark rubenstein from metropole financial corp looks ahead to this week straight. this week is going to be. very important in terms of markers to bunch of markers that just going all over the united states and. particular compared to the previous week where there was very little data hitting the market this is all. it is going to be very busy and i think they respond to tire remains high so we will a likely see market moving higher the russian market will take cues not only from the global markets but also from the commodities market and there we have observed quite a lot of strength there with the past several weeks and i don't expect that. and. we are known to food retail now which is among the fastest growing businesses

economy contracted by a larger than expected margin in the last quarter of two thousand and eleven and telecoms rose in hong kong with china and one percent. here in russia markets have recovered from friday's losses both forces are gaining with the arts the us actually over two percent in the black this hour and let's take a look at the index movers on the my sex with the gas ball is often not so news its european market share grew by four percentage points to twenty seven percent last year so the drug maker a former standard has managed to raise earlier losses that is back in positive territory the company increased revenues five or forty percent so round one i have billion dollars in two thousand and eleven and bucking the trend this hour is gold make apologies gold that's a news merger talks between the company and then another minor fall in metal have collapsed mark levin from mashable financial corp looks ahead to this week's trade . this week is going to be. very important in terms of markers to do so there's a bunch of markers that just coming out over the united states and. particular

the big telecom companies are pretty good at securing themselves but the other sectors are in bad shape. some people say regulation is burdensome, but if we do not protect ourselves we guarantee attack. regulation does not damage innovation. partnership and cooperation must be more than an exchange of slogans. australia has a good model, we heard about that, where the government encouraged internet security providers to have a code of conduct to deal with malwear and finding the ways to use dnsec, it a fundamental rule set, the addressing frame work for the internet. we identified problem with it 20 years ago and identified fixes for it six years ago, and this is a approach that if we could get people to move faster would be wonderful. >>> sharing classified information is another way how to do real cooperation. there are opportunities to improve cyber security but taking advantage of them requires a new approach. we all realize the scope of the problem and everyone wants to do stuff. hearings like this provide an opportunity to find that new approach that will serve national security.

the high court ruled that in the future, telecom companies will only be allowed to pass on consumer passwords and thin coats -- pin codes to the police in exceptional cases. germany's government has until summer next year to amend the laws. >> israeli police have stormed jerusalem's dome of the rock holy site after violence flared on friday. an israeli police spokesman said that palestinian youths started throwing stones at police after friday prayers. security forces broke up the protests with stun grenades and arrested four palestinians. 11 police officers were also injured. the site, which arabs call the noble sanctuary, is sacred to both islam and judaism and has arab-israeli conflict. gauze that is a place of desperate for the materials needed to run a society. on friday, the international red cross delivered 150,000 gallons of diesel to field hospitals. the fuel will last for only 10 days. emergency supplies like these are keeping gaza and its people alive. we have this report now on the hunger that is always present, not only for food and fuel, but also for information. >> even newspap

chairman of o rescom telecom. the company launched mobile phone services in november 2008. the network is-ly controlled. it is building towering hotels in the capital. he met kim jong-il last year in pyongyang. the regime welcomed him with an official banquet. kim jong-un's guardian and uncle was there. there's speculation the new leader will meet as part of an effort to attract more foreign investment. >>> as senior u.s. diplomat says north korea's new leaders must take concrete steps to halt the country's nuclear program before the u.s. will agree to hold direct talks. kurt campbell made the comment in seoul after meeting with senior south korean diplomats. >> and we're still waiting to see whether the new government in north korea is prepared to take the necessary steps. >> the u.s. has called on the north to halt its uranium enrichment program and take other steps. campbell also referred to reports that china offered food aid to north korea last month, and he said the aid was part of china's effort to stabilize the north. >> we want to continue a close dialogue with chi

russian telecom companies every year invests in the networks and comparable. solutions about three hundred building rubles so with so it's just just slightly. under five percent your your camera deal can be can be comparable variable with the so-called national projects i mean you have to up the absolute have and if you take the scale of the project and in the time frame work. it's going to be a record for sure that's a very you believe that one day the voting itself and i mean the election will maybe organize through the internet without any posting technically technically it is possible even know but there has to be a year. certain degree of the public trust and confidence in how those systems today any work if we look at the if i'm sorry if we look at the rallies that are going on in moscow yes today there the legally public seem to have more trust in the voting in the internet than in the voting on the problem stations so what you say is that if you are the government which voting to the internet yes . there will be less trust in that. you have to build yo

economy contracted by a larger than expected margin in the last quarter of two thousand and eleven and telecoms are on the rise in hong kong with china more operand of one percent. here in russia the markets just opened and they have recovered from friday's losses both the arts yes and m i six are gaining over a percent and market insight from metropole financial corp takes a look ahead to this week's trade. this week is going to be. very important in terms of markers to do so there's a bunch of markers that just six coming out over the united states and. particular compared to the previous week where there was very little of a marker data here in the market this is a week is going to be very busy and i think the risk arbiter remains high so we will a likely see market moving higher the russian market will. not only from the global markets but also from the commodities market and there we have observed quite a lot of strength over the past several weeks and i don't expect that. to and. then moving on to food retail now which is among the fastest growing businesses in emerging markets here in ru

economy contracted by larger than expected margin in the last quarter of two thousand and eleven and telecoms are on the rise in hong kong with china mobile opera around one percent. here in russia it's less than two hours ahead of the opening bell the markets closed in the red on friday the r.t.s. lost over two percent while the my sex finished over one percent down and mark levin style from metropole financial corp looks ahead to the week's trade. this week is going to be. very important in terms of markers to do so there's a bunch of markers that just coming out of the united states and. particular compared to the previous week when there was very little of a marker data hitting the market this in a week is going to be very busy that's going to shape their. trades of course the great story is going to be hanging around the market and any steps in the right direction will have the market to move. on moving on to food resell now which is among the fastest growing businesses and emerging markets here in russia less qassim says the former chief of the biggest retail group x. five and is now th

, and it might be out by the time we air, but is there anything that can be done that can concern telecom companies that may not hand options appropriately? i know you are saying the agency is handling it the way they have for years now. is there a way to reach middle ground even without legislation? >> i think what certainly guides my thinking is the following. that the f.c.c. take steps to make sure that there is true real honest-to-god competition in the country. there are some that talk a good game about competition but once they see it coming toward them from 1,000 miles away, it is like "fire fire, house on fire." and what spurs the public interest? there are so many technical issues that are part of my work at the subcommittee. but you have to have a rudder in all of this about what counts, what is going to guide you. for me it is the public interest. certainly competition, and the opportunity for people to really compete locally. re-doing nationally. i think that is at the heart of what we're supposed to do. i think that is part of the mission of the f.c.c. i don't think of that i

the biggest drags on the broad market were the financial, telecom and technology sectors. hewlett-packard threatens to keep tech in the red after its disappointing outlook late today. shares lost another one percent after its earnings release and forecast. fellow computer maker dell led the sector lower with its almost 6% drop. the selling came after dell reported a drop in its quarterly earnings last night. a day after reaching an agreement on greece's next bailout, a drop in the eurozone's business activity this month hurt financial stocks--- even regional banks. the dallas-based comerica bank and insurer hartford shed more than 4% each. co-merica's fall came after an analyst at stifel nicolas advised clients to take profits from its recent three-month rally. suntrust out of atlanta dropped more than 3.5%. for the second session in a row the world biggest retailer led the losers among the dow industrials. sellers were back at it again in shares of wal-mart. the stock fell another 2.5% today. that's after an almost 4% fall yesterday on the heels of its quarter earnings re