chair white the sec is seeking $1.7 billion for fiscal year 2015. his would be a 26% increase in resources compared to the level enacted for the current year. what are the top priorities to which these additional resources will be devoted and what consequences can be expected if the funding level approved for the sec is less than the amount requested by the president? >> the priorities or to fund our exam program our enforcement program and really our core areas including our division of economic and risk analysis. not that we can overstate the importance of sufficient funding and what rare custom in this budget request for technology. we are at a critical juncture at the sec with a number of our systems enhancements and a number of our risk-based tools that allow us to be smarter and more efficient than detecting problems in the marketplace including emerging fraud. the one area that is an illustration i alluded to this in my oral testimony as well as there are 11,000 registered investment analyzers now under the f. highest priority list, along with

the sec of yesterday could not come close to the. and what do we do when they get when we get that data analyzed, we look for patterns of insider trading, look for ponzi scheme, look for front running, other kinds of patterns that may suggest wrongdoing. it's a much stronger sec in those respects i think. no one can respond we sit here and say that any law enforcement agency will never miss a scheme going forward, but it is an extraordinarily strong enforcement exam function today. >> would you be confident and has led to the committee today that under the current atmosphere, the current approaches that madoff could not repeat what he did some years ago? >> from what i know of what occurred, and again i wasn't here but i have studied what occurred, i think the systems we're just talking about, among others, certainly at the sec, i believe that would've been detected and proceeded upon. again you can never guarantee that you catch every scheme, every fraudster, every criminal in any agency. but i do think it has been built to prevent

coming up, it is a shift for the sec. can they protect from security threats -- cyber security threats? plus president obama and germany fell chancellor angulo merkel met at the white house today. will tighter -- german chancellor angela helmet at the white house today. will tighter sanctions actually change the situation in ukraine? we will be talking about that, next. ♪ its focus is shifting to cyber security, examining financial firms' preparedness for cyber threats. they are looking at how secure they really are. joining me, the former white house cyber security commissioner tom kellerman. what is the sec's biggest fear? what is going on? >> the lack of reporting in the marketplace. more firms are being breached. significant resources in material risk. >> financial firms? >> broker's houses, major publicly traded companies. >> how is it we do not hear about that? >> off and they are not aware they have been breached until they are notified that their accounts are being sold and bartered in the shadow economy. >> it is

investors may check with the sec or the state to make sure the company is registered. pinterest has a serious capital cushion. the social media site has raised a new $200 million dollars in funding and is now valued at a staggering $5 billion. pinterest plans to use the money to invest in advertising, technology, and expand overseas. the site allows users to "pin" photos and other items of interest from the web. apartment buildings are going up at the fastest rate in 40 years. that momentum pushed housing starts 13% higher in april. economists say the demand is coming from baby boombers tired of paying for lawn care, workers who want shorter commutes and new demand from young people. "the boom in apartment construction that we're seeing makes up for shortfall that we saw in some types of construction over the past five years because lots of young people were living with their parents, that depressed demand for some type of housing that's reversing now in the recovery." jed kolko of trulia adds single family home construction remains sluggish because it was so overbuilt

the sec and the justice department will make the final decision.ll answer the question, does the merger violate antitrust allstate. that policy. with us is the founder of game changer. he's the ports the merger. he says it is good for competition. ?hy i >> cable companies are getting screwed the content providers. time warner is having to merge because cbs held him up last year. they wanted to raise the fees that they were charging them from $.50 to two dollars. that was her subscriber for content that anyone can get free over the airwaves. cable rates are going up because the content providers have been digging into them. >> other people might say that the cable companies are screwing consumers. >> that is a perspective. congress is having all these hearings to score political points. the reality is that the cable companies are not in great shape. there are better options out there. only about 40% of households subscribe to cable. >> i think declining subscriptions could be part of the backdrop. 2009 has seen basic cable amount that they charge of

look, set the sec in the 1990s.they didn't want me to the word internet in my title because they thought it would scare people. i got to because counsel for new technology policy. we were dealing with all these issues of voip in 1998, when the fcc put a something called the stevens report, which if you look at it closely says essentially phone to phone carrier voice over ip is a telecommunications service. we are just not going to say that right now because they want to let the market grow. and what, we had open internet host 2010 to 2014 or most of them were overturned by the court to no investment to dry up and all the internet didn't become this regulated thing that everyone's afraid of. it doesn't necessarily go all one way or the other. the one thing i will -- the one thing i learned about in the transition and this gets fairly technical. but the efficient way to do ip internet connection is with a smaller number of interconnection points. the legacy interconnection of the kind of interconnection on the phone s

the sec says the violations happened between 2008 and 2012. it involved the handling of orders and other practices. the exchange will not have to admit or deny the sec allegations. the nations coal mines face safety violations. regulators issued 152 citations after inspecting 10 coal mines and three metal mines, in march.the report cited hazards such as "under" trained workers and the accumulation of combustible materials in mines. the inspections began after a west virginia mine explosion in 20-10 that killed 29 coal miners. at&t reportedly is considering a bid for directv. the wall street journal reports at&t has approached the nation's largest satellite tv distributor.shares of directv soared 4% thursday. if the deal happens... the comcast, time warner combo could end up number 1 --with nearly 30 million substribers if that merger is approved. and at&t, directv would follow with 25.7 million subscribers. there is also chatter-- sprint may make an offer for t-mobile. for the third time--- sony is issuing a profit warning. the electronics mak

me quickly say that the sec had a vote on this. i will ask matt to tell us how we got here. we were here in january and it was after the d c circuit court struck down the previous plan for open internet. this is another crack at it. they are taking cues from the circuit court decision will stop the fcc chairman had a vote. two were in favor and one was concurring. out whatsk gus to lay happens now. we will go into some discussion stop if you could tell us how we got here, but very quickly. >> just so everyone knows, i've been involved in these issues for a long time. i have been with the sec for a long time. i worked on early proceedings that give rise to these discussions. i have been working in private practice and representing network owners to have a strong interest in this issue. i will try to get through the background quickly. it is helpful to understand where we got to today. 2002 the sec confronted how to classify broadband services provided over cable networks. cable modem services. the big debate at the time was whether the services under the communications act, wh

important could help siu -- sway the two agencies making this decision, the federal commissions -- the sec and the justice department. the fcc and the justice department. i cannot only will the merger drive the new comcast -- >> not only will the merger drive the new comcast, but also its competitors. consumers will clearly be the beneficiaries. >> but former justice department alan groom painted a much different teacher. >> this merger is very likely illegal. the parties know it, and that is why they are here talking about how they plan to fix it. but i'm here to tell you what it is illegaly and why the fix doesn't cut it. >> joining us now on capitol hill is bloomberg's yang yang. what stood out to you today? plex high, emily. -- >> high, emily. -- hi, emily. judiciaryan of the committee actually interrupted the panel early on to explain they were having air conditioning issues, to explain to viewers like us that if we notice any sweat it was not because they were on comfortable or stressing, but in fact, because it was hot. that was a clarification he felt was important to make and they

we've seen the sec where they've gone after hedge funds but not wall street and insider trader but not sub-prime lending, so i think a lot of the frustration in america is about the crisis and nobody is held accountable in a large way, then you see the cases that are absolutely unrelated to the crisis. so i think that's a significant question. >> woodruff: nomi prins, what is your understanding of why more banks, why the administration hasn't gone after moore banks directly because of the sub-prime lending issue? >> well, far the first -- first of all, the u.s. government has subsidized the very banks that have been at the center of the sub-prime crisis. so if you're you be subsidizing bank through a small program through the $7 billion of tarp money or trillions of dollars of loans give on the banks to sustain themselves in the wake of the toxic sub-prime asset waterfall, whether the current debt the federal reserve is carrying to keep rates low so the banks can continue to mark the assets still related to the sub-prime crisis higher and to look healthier than they are, these are all

the sec can do very little here. close risk, if people want to plunge ahead, let them die. >> net neutrality has been a story of the last couple days. battle lines have been drawn and the fcc will allow internet fast lanes. netflixersus at&t, versus comcast, apple versus time warner cable. joining us from washington is former fcc commissioner robert mcdowell. thehis proposal to allow internet service providers like at&t to charge a toll consistent with net neutrality? the idea of equal light traffic -- equal web traffic. >> the fcc is putting this out for public comment. two-sided market, the fast lanes, there is a lot of misinformation. that has been allowed since the beginning. companies like cogent and others who have been providers. you also have over-the-top providers like netflix. offlix produces about 34% the internet traffic, that can clog any pipe. there are costs being caused. the fcc is worried about distorting that market too much. it seems like the chairman is worried about that. at the same time, putting

the listing process involves clearance with the sec and once we clear those hurdles am a shareholders meeting for fiat and go ahead with the merger. >> it will depend on market conditions as well. -- third front-page story disney is red hot with "frozen" sales. first-quarter profit is up 27% of and by "frozen" dvd and merchandise sales. 200 and $39 for the dress? >> i thought it was like $1500 for that dress. >> it's a major source of debate. "frozen" will now be a broadway show and part of the theme park. >> can you imagine the first meeting they had on this moving? >> those are our front-page stories. >> we have so much to cover. days and counting to what will be an election in ukraine. secretary john kerry has moved the laggards from pro-russian to russian elements. amoroso suggests bond investing in 2014 requires a global view and redrawing of the bond map. we have a lot to talk about the let's talk about ukraine. are you brave enough to buy taper in the ukraine after the imf coming in? >> i think that would have been the right move. that is something we have been talking about to

the sec reversed itself and decided that it can, after all, greuel the internet.net providers, it has ruled, as charged some web sites for faster connectivity. the sec is now calling that an open and tennant, not so much a neutron that. general motors still having trouble with recalls on another 3 million cars recalled today. general motors recalls worldwide will not nearly, are you ready got 13 million vehicles. 13 million. and our government is still a mess. president obama himself told democratic supporters last night that washington does not work sounding for all the world as if he were not the most powerful man in washington and the man responsible for making government actually work. in part president obama may be slightly distracted by a few controversies and a number of scandals that have a seemingly touched every department in this of ministration and government. let's see, the veterans affairs hospital scandal, the administration's cover-up and stonewall of the benghazi scandal. oh, yes, the irs targeting of conservative donors and conservative groups. a

sam was the sec player of the year. he's been congratulated by just about everyone from president obama, hollywood celebs to fans. happy mother's day. "fareed zakaria gps" starts right now. >>> this is gps, the global public square. welcome to all of you in the united states and around the world. i'm fareed zakaria. on today's show, we will take you around the world starting in nigeria. with the actions of an islamic terror group have brought condemnation from across the globe. where did boko haram come from, and what are they capable of? also the big question on u krin right now is will president putin make a deal? i will ask henry kissinger who has spent more time with the russian leader than any other american. >>> and who is the world's number one economy, china or the united states? there's been a lot of information and misinformation out there recently. we will sort it out. >>> all that plus why one curmudgeon said the movie "groundhog day" is a great addition to life. >>> first, here's my take. in foreign policy

the sec >> the largest school district in the state is turning down a federal lunch program that is supposed to provide healthier meals. >> the national school lunch program that will cost the district $900,000 federal subsidy. the board thinks it is worth it. it is a federal guideline and will result in unappetizing choices. to my school that water is renaming its studio theater in honor of her dreams. >> he died in february at the age of 69. the theater will be dedicated next saturday. >> later there's a new bear. >> the bears used the 14th overall pick in this year's nfl draft >> another donald sterling audio tape this week. >> a >> the big storm sweeps across the great plains bring a strong wind heavy rain and tornadoes. three tornadoes hit minnesota yesterday including this one in st. james. the storm chasers shot this video says it was a hundred miles wide. two tornadoes touched down in colorado. there's a tornado warning in texas or seven on our winds were reported in some spots. damage was reported. several military allies are now in nigeria. >> there will work with a team to search

in the largest settlement yet, the sec is fining sprint $7.5 million. the company also has to create a plan to make sure it follows sec requirements in the future and update regulators over the next two years. >>> turning now to a microclimate forecast. let's take a live look outside right now at palo alto. traffic picking up just a little bit. we'll check in with mike in just a moment. first get to meteorologist christina loren. >> happy tuesday. taking a live look here over emeryville. an area of low pressure on the way today and active weather as a result. now, temperatures this morning are pretty chilly, cool enough out there for a coat or a jacket. 55 degrees to kick off the day in san francisco. i want to show you what's happening just to our east. we've got a lot of thunderstorms developing. and we are fair game for a couple isolated thunderstorms today as well. as this front comes through the bay area. best chance is going to be over the higher elevations, the western-facing slopes surrounding san jose and the east bay hills. this morning you don

they are saying the next step, as we know, is getting some commentary back from the sec. that should happen as soon as june 7th, i'm told. they can raise questions about the business model. some questions surrounded fake accounts. twitter said it was too overly optimistic about revenues and asked the company to break out international years. interesting to see what the sec says about alibaba. >> they will take a couple months to respond. if the company is able to apiece these concerns in a timely manner, it will look to go public the first week of august. 8-8, significant in chinese culture. that's a friday. if you open for trade on friday you can't trade in the asian market. i'm told it could fall earlier that week so all global markets can participate. if it doesn't happen that week, we know very well the end of august not only volatile because trading is so thin, so many people away, so many vacations planned. if it's not that first week of august you're looking after labor day. >> i tend to think august people think is a bad time to do things and trading volumes media.

we cannot allow the sec to implement a pay to play system. the silences armed forces and amplifies that of big corporate interests. we have come to a crossroads. as the fcc votes to allow broadband provider to charge companies for faster delivery of their content we speak with senator al franken on the neutrality. credit squeeze and its subsidiaries engage in an extensive and wide-ranging -- the bankolding actively helped its account holders to deceive the virus by concealing assets and income in illegal, undeclared bank accounts. rosee bank stock price after the settlement and the chair of the bank's board says credit suisse is as white as snow. why no senior executives have gone to jail, occupy wall street protesters have been sentenced to 90 days in prison. we will look at who goes to jail and who does not. and the data pirates of the caribbean. did you know the nsa is working with the drug enforcement agency to record every phone call in the bahamas? and we remember civil rights pioneer vincent harding. all that and more coming up. welcome

it was created and also ambassador in the late 30s after joe kennedy was head of the sec. so joe kennedy is having a gallup coming-out party, very social event for his daughter, kathleen who unfortunately died and another kennedy tragedy. but the young john f. kennedy was at that event. david rockefeller was part of a long history of estoril financial strength. in fact, he dated kathleen kennedy for a minute. the thais commend these connections who went through a series of social event that people would be involved in. >> host: was not the social and individuals, but the strength of the families as well and has family ties, the morgans, rockefellers, kennedys. >> host: james roosevelt and jpmorgan can be immensely famous and powerful jpmorgan created together among a few other established families at the metropolitan club in new york, which was an exclusive club where these men could get together and talk about affairs of the day and decide to a small group. >> host: it is royalty almost. >> guest: it really was. today they are used for drawing up the hierarchy in terms of

documents were filed with the sec after the market close last night. alibaba is the chinese version of amazon. but much larger. as traders await the opening day of trade later this year-- the company filed for a $1 billion dollar ipo. but some estimates value the company above $100 billion-- making it the biggest in history. yahoo has a 24% stake in alibaba and stands to reap up to $10 billion dollars from the ipo. options players are already lining up to potentially make money on move in yahoo. the trend is obviously to the bullish side on tuesday's trading session, calls out traded puts. by almost 3 to one so some massive, massive bullish sentimentin yahoo. yahoo shares closed -- last down last at $36 dollars. but rallied in the after hours session.chuck coppola joins me now. he has his eyes on apple. hoping its new retail chief will do for apple what she did for an aging british fashion label the company gives a very warm welcome to angela ahrendts. her hiring comes with about 68 million dollars' worth of stock options. ahrendts is the former ceo of

when the dust settled, the sec's defensive player reached out to his new n.f.l. family tweeting a picture of himself proudly displaying the team game and thanks to the rams and the whole city of st. louis, he tweeted. i am going to use every ounce of this to achieve greatness. meanwhile, his teams were quick to welcome him with open arms as well. robert quin saying, welcome to the squad@mikesamfootball. >> a former ram, eric dickerson congratulated the defensivee ends saying welcome to the rams family. other teams, a fell om game of throwner being drafted. >> his brother chris plays for st. louis but not all reaction as you would imagine was positive. miami dolfins stacy don joins was pushed to tweet omg and horrible. >> safe to say jones isn't the only one with that type of reaction. no doubt, that will get more scrutiny for freedom of speech from any team like the dolf ingraham's organization which has had so much scandal around it when they had the bullying issue. so essentially, that was the only one we saw publically. there is a lot more of that going on. rig

the fbi and the sec want to know whether icon told a well-known vegas gambler insider information about a bid to buy clorox and if walters passed it on to mickelson. they say they are unaware of any investigation. >>> the money drops are growing and so are the crowds. the hidden cash phenomenon that invaded california and now thousands are following the mysterious donor on twitter. this is video from tonight. hundreds of people swarmed a los angeles park hoping 20* find some money in an envelope. now the promise that tomorrow's drops will be the biggest scavenger hunt in l.a. history all along a a stretch of beach. the police are monitoring social media. they worry the large crowds could turn rowdy. >>> well this is the last weekend to take in a san francisco landmark. for 17 years furniture has crawled out of the vai president cay hugo hotel at 6th and howard. on tuesday it comes down. tiffany wilson explains why. >> what started as a six-month exhibit stretched into 17 years of furniture dangling, drooping and dancing across the hugo hotel. >> he says it is says it is a lk more than a

we cannot allow the sec to implement a pay to play system. nces armed forces and amplifies that of big corporate interests. we have come to a crossroads. as the fcc

the kremlin to subjugate the conclusion spokesman has been warning moscow is losing influence over the sec persists in the east of ukraine. my hostas are today his latest operation in eastern ukraine. all angles all this. no amount of responsibility. this is suspects are going to be killed in eastern ukraine but it yet. that's not the size and lesbians have been shown in this operation. an investigation to find. on friday in which case that when people die. ukrainian media at the eighteen people at the end i didn't find what you can see examples is on monday. they say that this place. laid on him all day set in stone or not isn't dressed and well. she accuses shia off at will. privilege and a sack lunch and the rest in peace. she says. it is possible with a view of a thank you very much for updating their brains of the big pieces from moscow the one ukraine's government has bad we are not stop thinking so today as it's mitre resumed operations against pro russian separatist in the east the interior minister in kiev confirmed action hundred commenced. don't read that and a credit or a ukrai

an elderly woman and her two dogs were rescued from the sec home. the cause is under investigation. >>> the warriors season coming down to just one game. in less than two hours they'll be facing off against the los angeles clippers in game seven. what can you say, what a way to wrap up a first playoff series. >> you know what, doesn't get any better than this. when the warriorss tip off thei first game seven in 37 years a boost in the middle, jermaine oneal suff oneal suited up. he suffered an injury thursday night in oracle. an mri showed no ligament damage. the big man ready to contribute as much as he can. mark jackson knows it's now up to his fellows to win one game and survive. >> we work every day, prepare every day for this moment, and now it's time as a coach to get out of the way. you remind them of some things, but you got to be hyped up for game seven. i don't want you on my team. >> very well said. csnbayarea.com warriors insider monte pool joins us live from staples center. monte, how much of an impact can we expect jermaine o'neal to ma

i look forward to hearing what they have the sec. i recognize the ranking member for any statement he would like to make. >> thank you very much. tonight we, again, find ourselves in a difficult position. i do appreciate the witnesses appearing before us. for the additional production push of materials that came overnight. unfortunately, as you heard from the chairman those materials and the release of the interim ig report today did not provide the end as we saw but rather just raised additional questions. i share your frustration and i share your passion for getting to the bottom of this issue. we have been bipartisan on some in the things kind i am hopeful that we can continue that even as the situation gets increasingly difficult and emotionally charged. i am not completely satisfied with their response to our inquiries and the compliance with the subpoena. however i do feel over the past two days a has been a shift toward increasing responsiveness and offers to try to work harder dissatisfied car requirement and nike take away fr

the fbi and the sec want to know whether icon told a well-known vegas gambler insider information about bid to buy clorox and if walters passed it on to mickelson. they say they are unaware of any investigation. >>> the money drops are growing and so are the crowds. the hidden cash phenomenon that invaded california and now thousands are following the mysterious donor on twitter. this is video from tonight. hundreds of people swarmed a los angeles park hoping 20* find some money in an envelope. now the promise that tomorrow's drops will be the biggest scavenger hunt in l.a. history all along a a stretch of beach. the police are monitoring social media. they worry the large crowds could turn rowdy. >>> well this is the last weekend to take in a san francisco landmark. for 17 years furniture has crawled out of the vai president cay hugo hotel at 6th and howard. on tuesday it comes down. tiffany wilson explains why. >> what started as a six-month exhibit stretched into 17 years of furniture dangling, drooping and dancing across the hugo hotel. >> he says it is a landmark for locals. and a

the tech giant told the sec it's planning to keep it's 30 billion dollar offshore cash stash overseas, to use for expansion. that's according to forbes. the report was filed in december, but made public this week. google said it expects to use 20 to 30 billion dollars for upcoming m&a activity. at times it looked like it was a dead deal. but after more than a decade of talks.. russia and china have signed a $400 billion dollar oil deal. russia's gazprom will supply natural gas to china through a new pipeline for the next 30 years. futures traders are already factoring in what it will mean for the price of nat gas.. the pipeline is seen as a way for russian president vladimer putin to pump more money into his country's economy-- as relations with the with the u.s. and europe breakdown. a judge has cleared the way for shareholders to sue bp through a class action lawsuit. investors claim the company mislead them about the severity of the 20-10 oil spill. especially investors who purchased shares after the deepwater horizon explosion. bp tells first business: "it believes that all of the

a senior editor with telecommunications reports will take your questions about the sec's vote to move ahead with new rules for noted internet. analyzelook at ways to gross to mastic product with erich strassner. ♪ host: a rather busy news week in washington and around the country. we will want to hear your views on some of the public policy issues that are in the news this week. this morning on "washington journal," you can see the numbers on this rain. if you are a democrat, democrats, (202) 585-3880. republicans, (202) 585-3881. independents, (202) 585-3882. you can contact us via social media if you want to make a commen

the fbi and the sec want to know whether icon told a well-known vegas gambler insider information about a bid to buy clorox and if walters passed it on to mickelson. they say they are unaware of any investigation. >>> the money drops are growing and so are the crowds. the hidden cash phenomenon that invaded california and now thousands are following the mysterious donor on twitter. this is video from tonight. hundreds of people swarmed a los angeles park hoping 20* find some money in an envelope. now the promise that tomorrow's drops will be the biggest scavenger hunt in l.a. history all along a a stretch of beach. the police are monitoring social media. they worry the large crowds could turn rowdy. >>> well this is the last weekend to take in a san francisco landmark. for 17 years furniture has crawled out of the vai president cay hugo hotel at 6th and howard. on tuesday it comes down. tiffany wilson explains why. >> what started as a six-month exhibit stretched into 17 years of furniture dangling, drooping and dancing across the hugo hotel. >> he says it is a landmark tourists. more t

standards were prom gaited to the tax issues and have watched over the years how that has evolved and how the sec retary of standards has gone from that purpose to a lot of other purposes. the secretary of standards are not wholly writ and do not need to be interpreted with strict construction. they need to be looked at in a very broad way and that's one of the values for creating your own guidelines. this exercise should create what works for san francisco within those broad guidelines and i think the most important goal should be to free things up so that people have a choice, so that -- as the gentleman from the victorian alliance mentioned, that people feel they're involved in the process, not just being told they can't do something, and somebody wants to rebuild their garage in the old fashioned, they can do so. thank you. >> thank you. any other member of the public wish to speak at this time? seeing none, we'll close public comment and mr. michaels? >> back ahead, i think i would echo -- i think we're picking up on the mic. >> am i on now? sorry, i'm just trying to get to the slide. i'm go

baking flour and fold like a painted face of the pristine lakes the race elimination heats with the sec's us. like the dalai is the katie to the national health action puppy. it's difficult to eat. what's that if the nhs. like the hearts of the political agenda ahead of the general elections. i think the health care was there it's the cubs won across the board so dry from health and said much more like the service is free zone four hundred and seven cities are seeing increasing cups and seeing patients waiting longer and longer to get in the ocean cool hands in it the meter is now filling up stories with patients to become the key to the sick looking statements on and actually in a really sucky some people are dying in subsidy. our righteousness is what happens when you stop cutting back her up services he took the kids that's great that the department of health. if they can let the effects. service is performing well the writing them seated and eight minutes in molding seventy five percent of the most life threatening cases but we know the service is getting busier since its twenty ten t

the sec role is limited. it has an analysis of communications networks. about is what they talked about. i want to see what he actually puts forward. he talked about getting aggressive on the issue of cyber security. the that lead to regulation? the only place i can see you getting regulation is from section seven. riley -- michael o'rielly has mentioned that he worked on the hell. -- on the hill. he worked for a long time with senator -- a republican senator from texas. what has it meant to go from that to commissioner? >> the good part of my job is that it does not have too many surprises. workingpent many times for the members you highlight it. be specific not simple but i didn't he house, i worked in the senate. i got to know what the fcc does. i am very for mayor of that. being a person who writes things for members, versus going out and showing it. i hope i have handled my transition gracefully. >> i know you cannot talk about murders that are in front of you , but it looks like the fcc could be dealing with a few mergers. senseyou give a general of

federal prosecutors, the sec and mexico's banking commission have launched an extrordinary review into possbile fraud at banamex. the wall street journal reports... the fbi is considering possible criminal violations. it revolves around citi's $400 million dollar loss at banamex in a business deal with a mexico oil supply company. general motors appears ready to settle more than 300 claims tied to its defective ignition switches. friday a bankruptcy judge told lawyers for the automaker he welcomes avoiding a "monstrous battle". the new york times reports.. g-m has started preliminary talks to settle claims alleging wrongful death or personal injury. the paper also says a there's a possiblity of a compensation fund for victims. the highly anticipated alibaba ipo could move closer to market this week. re-code reports. the filing for the ipo may happen today or tomorrow. the chinese internet stock could become the world's biggest initial public offiering. one report suggest the ipo value could top $20 billion dollar. alibaba's business model is similar to amazon. the stock to watch now is

its filings with the sec say at&t can walk away if directv can't renew it sunday ticket nfl package. directv has until the end of 2014 to renew, and it's a big moneymaker. sunday ticket costs about $3 per year and it is to million subscribers can watch any game they want. and at&t directv deal still has to clear federal approval. >>> one commuter got quite a surprise driving to work this morning when a stray kitten darted across the inner straight and crawled into the wheel well of her car. erika nolan says she was in heavy traffic on was down 580 between high street in fruitvale when she saw the kitten. the driver says she saw the kitten crawl into one of the wheel wells of her car. the kid and when come out, so ... >> he was scared, was shaking and eyes were so sad. >> eventually someone from the freeway service control use the tow truck to elevate the back of the car, crawled underneath and retrieve the kitten. another commuter stuck in the same traffic saw the ordeal and took the kitten home. >>> today started a new phase in the bart to san jose extension one that will impact traf

the sec and the justice department will -- fcc and justice department. >> this will drive innovation. it will also drive investment from our competitors. consumers clearly it will be the beneficiaries. >> a former justice department attorney painted a different picture. >> this merger is likely illegal. the parties know it. that is why they are here, talking about how they plan to fix it. i am here to tell you what they won't, why it is illegal, and why the fix does not cut it. >> joining us now is yang yang. you have been following the hearing. what happened today? what stood out to you? >> time warner cable and comcast executives were in the hot seat. a congressman, the chairman of the antitrust channel of the house judiciary committee, interrupted the hearing to explain that they were having air-conditioning issues. that was to explain to viewers that if we notice any sweat, it is not because they are uncomfortable or stressing. it is because it was hot. that was a clarification that he felt it was important to make. the grilling was not that intense. that could be explained by the

army chief of the fatah sec's the man who pushed a brother with president monica more thing from power last year great defense forces down to the south western port city of odessa of governments trying to stop the pro russian rebellion from spreading to the bus. what started out as the alternate site treatment than twenty years older

revolutionary changes of government and public life to extend american freedom by way of a great host from the sec. >> they subjected big business to regulation and empower the federal government to address the needs of working people and the court to establish unions and fought for their rights they expanded the nation's public infrastructure to improve the environment to cultivate the arts refashion culture and still much to do be done with fresh democratic convictions that helps. standing before the american people in 1941 roosevelt truly believed their rendezvous with destiny had come without hesitation expounded upon the crisis of mortal danger facing the united states and to explain how they cannot just confront them but prevail to do so. rejecting the argument america should simply hunker down he rallied the fellow citizens around the dynamic image serving as the great arsenal of democracy and cleaning the crisis required americans to give up the advances but the effective immobilization not enough to sustain the achievement but again finally articulating the grandest ideals to find a causi

aaron hick as victim in the sec. giants in the third. gift for penn and he boots it.game in the fourt fourth. no doubt about that. eighth of the year what a find he has been. in the infield for the giants rate now leading and it is 6-2 they are in the eighth inning. aichl's blue jay in toronto t.he leaps and gone. 2nd inning steve unloading on scott cashmere first homer since 2012 in toronto fourth moss will get one back for the athletic. l 11. trailing. and one to shallow right. if willy lake. over the shoulder grab. fail to score. last chance for the a's in the 9th. round out that's the ball game. so after winning 5 straight the a's drop the last 2. 49 versus opened minicamp for the rookie this weekend and jerry rice is ther there. jerry rice junior received invitation to work out with the team. junior started the college career at ucla and transferred to un l.a. to get more playing time. junior smaller than his father. the chose to wear the number 83 rather than dad no. 80. he's extreme listening shot to make it with the 14 ers. but he knows comparisons are inevita

between two major bridges fall for michael said the detention of operation ukrainian government is that the sec ones. which is taken to you. i was sick she was attacked the storms the closest. mine has always welcomed see genesis and help us to do with it. i believe i will put it to received it religions have led to greater however was kinda fire was the most wanted him to pretend that today. in particular grain into one chest and anti aircraft missile systems produced the russian federation. they managed to shoot don't have the car. with the medical helicopters which was supposed to be wanted total of one of the violence was delicious too. i'm going to have the advantage. it all the back of my life. the fbi i've got. when does the door is open to just to operation to shoot the girls to honor all who visited me to answer for the contras was achieved it was sure it was pointless to defense system a tipping point which i am trying to tell it was too nice to watch some of the muslim lover to this one is true that if she knew i was clueless. doesn't he acropolis on which is critical to. below is a

the same time, the sec might regulate internet service providers more aggressively. at the chairman of the full committee had to say after the announcement of the vote from the fcc. fred upton said with so much at stake, chairman wheeler has ignored bipartisan calls for caution. we look forward to a spirited discussion on the commission's misguided vision of a heavily regulated internet. both lawmakers will question wheeler today. in prepared testimony that was released in advance, wheeler goes line by line outlining what the fcc has been up to and offers a defense of his own and hisor the fcc policymaking skills. specifically underlying all the work. addition,n, come competition. tom wheeler set to defend himself up here on capitol hill in front of what could be a hostile audience. >> what about what lawmakers are saying about at&t's bid for directv? lawmakers topect voice concerns but perhaps not so many to voice outright opposition. congress has no say in the matter, it is up to the fcc and the justice department. i expect democrats and republicans to highlight con

one thing we want to make sure happens as part of the trials is that the sec does not -- fcc does not impede or slow down the technology transitions going on that are driven by consumers. consumers are voting with their feet in their transition to wireless. we see transition to five or. -- fiber. we are doing transition of copper line to five or line. -- fiber lines. these are customers keeping the same services, over a different physical infrastructure that is far more reliable. we have just come through one of the toughest winters in a long time up and down the eastern seaboard. our fiber networks really showed how resilient they are, how much less repair they take under the stress of weather. that is a very positive thing for consumers. we think the fcc is asking important questions in terms of the types of values that we have as we move forward with our customers, but we also have to make sure that we do not get into a situation where technology transitions that are well underway, such as customers choosing wireless or transitioning from copper to fiber, an improvement for custome

and the previous sec defensive players of the year, i think, have all gone in the first round.went in the second round. so it's something that, you know, for him to go in the seventh round really shows you that there is something going on there. for a lo the of teams, it ma i not even be bigotry, it may be they don't want the whole distraction aspect. but on the flip side, tebow got drafted in the first round and he brought all sorts of baggage with him. what's the difference between him and michael sam? >> according to producers at espn and the nfl network, there was really absolutely no hesitation in airing michael sam's reaction with his significant other. what does that say to you? does this go beyond football? >> yeah, i think it's a really good sign. there shouldn't be any hesitation. it's a player who just got drafted. this is one of the most exciting days of his life and he's celebrating it with the people that he loves. and one of those happens to be his significant other. why does it matter if it's a man or a woman? we have commentators basically lusting over players'

we do we know more that the sec cigarettes have become very popular with young people the cigarettes.roposing to make it illegal to sell these the cigarettes stickiest and placed them envenom machines because a lot of flavors that do appear to have school children and kids. in the nicotine its exposure to which out or adolescence is not helpful to the brain to that child. kincaid's walk into 7-eleven right now and buy these? all that but there's no federate federal regulation sews up the state's to stop that but we propose to make this a national regulation to stop that sold me the same as for us to smoke cigarettes and smokeless tobacco. so in the meantime parachutist said the children that this is exactly the same finesse of the, of opera goes that used tear them in the meantime been flavor's sound nice with the negative features him as either. in other news bilbao ministration will give a statement of why jones reuse secure u.s. citizens to stop the tears operation. another gm car it is up under recall this morning gm added that 200013 chevy vega to the lives but to that as a model

>> guest: i don't want to endorse any particular item but i do think there's room to improve the sec process. chairman wheeler has work to do so and is very aggressive effort in working with diane cornell at the commission so i think that's been moving forward fruitfully and that's a good avenue. i know their number of pieces of legislation that congress will consider and we will take them as they get passed or not. >> host: would you like to be able to sit down and sit with one or two commissioners? >> guest: i can today speak with one. i can speak with two. i leave that to congress and the representing people and whether they should. in my time have i been worried over the years that was a problem? perhaps not. i don't know if it's a problem today that i leave it to their discretion. >> host: just go back to the spectrum what about the government controlled of spectrum? what should be done with that if there is excess and that? >> guest: absolutely we are going to need those licensed and unlicensed spectrum going forward for all this demand builds at me for more spectrum going forwa