u.s. treasury secretary jack lew landed in europe. he wrapped up talks with european commission president jose manuel rosso just a few minutes ago at a round table in brussels. the reason i'm on my own today is because kelly is in brussels looking ahead on that. kel, do we know sort of the message that he's going to bring? >> well, ross, we have a sense of the message he wanted to bring, and it hits on a couple different themes, none of which will be entirely surprising. one of course is generally boosting growth .making sure the financial markets stay functioning. no small feat, by the way. we also know they're likely to discuss this transatlantic free trade agreement and the prospects for that. regulation, as well, that's obviously a concern. especially the financial transaction tax. you can expect when he turns his discussion to barney in a couple minutes time, that's likely to be one area of focus. now, ollie rehn, that's who he has meetings with currently that he should be wrapping up, this goes back to an issue that is not just

u.s. treasury secretary jack lew.h pointing out that after a cancellation yesterday for meeting with pierre moscovici. so when mr. lew has finished in pa germany, he will fly to paris. they are just beginning that press conference. if we can get some sound or perhaps allow them to start. it is worth pointing out that germany had 7% of gdp account surplus yesterday. one wonders whether mr. lew might have pressed the german toes reflat their economy rightly more. let's listen in. >> the german finance minister scheubler, you know the rule. we will have two statements of the ministeres and then there will be time around about for questions. i would then like to really ask you to stay seated so that the delegation can leave this room. after that, of course, you're more than welcome to leave this room, as well. i give the floor to minister scheubler. >> swob ladies and gentlemen, i've had the great pleasure to be able to welcome any american colleague, to receive him here in berlin today. we've already spoken a few times o

u.s. was absolutely determined to exploit this moment in time. so woods was in effect a deal that treasury struck with a severely weak end britain to get it through the war and the immediate post war landscape without financial collapse. u.s. would provide short term financial assistance in return for which britain would first eliminate what was called imperial trade preference. privileged access for british goods to the markets of their colony and dmin imron. that would be ended. second, britain would make fully convertible to dollars, so this massive stock of useless sterling that britain's colonies and dominions had built up would be spent on something else besides the british goods in particular. american goods and finally in very controversially to accept the u.s. dollar as the basic unit of account for global trade. as you can imagine, the british resisted this fiercely, and in fact harry dexter white used remarkable at woods in order to push it through. cains did not seen it until he left britain. it's a remarkable part of the story. the final love and famous british economist put i

u.s. treasury secretary have met for the first time since they took office. aso sought u.s. understanding for japan's aggressive monotheir easing. they held talks on the sidelines of the g-20 meeting. they said that the monetary stimulus is aimed at guiding lower. they agreed on the importance of abiding by a g-20 agreement in february. they pledged not to manipulate their exchange rates. they also exchanged views on north korea's provocations. they agrees they should join hands in strengthenning international sanctions on the north. they confirmed cooperation on transactions with the foreign trade bank. >>> and japan has still not got approval from canada for partnership in the negotiations. there was support meetings with the senior officials. after the meetings, he told reporters that japan secured support from ten countries, but he addedhat the canadian officials needed more time to make a final decision. tpp is aimed at promoting free trade in the pacific rim. let's take a look at the latest market figures. >>> after years of debate and political wrangling, japan finall

u.s. treasury department investigating beyoncÉ's trip to cuba. announcer: this is the "full court press." >> still in sports, louisville has a chance at a second national championship in as many days. tonight after the men won the lady cardinals face off against the university of connecticut who, by the way is playing for his eighth championship win that would tie tennessee for the most in women's basketball's history. >> bill: what if louisville could do a double hitter? >> that would be huge. >> u-conn is a tough team to beat. >> u-conn is hands down the best women's basketball team. louisville has looked phenomenal. >> the former rutgers university athletic director who resigned under controversy last week is walking away with quite the sweet deal. associated press got ahold of pernetti's settlement agreement including $1.2 million in salary, an ipad, a car allowance of $12,000 a year and two years' worth of health insurance coverage. plus the university will represent him in any lawsuit related to his old job and he agreed not to disparage th

u.s. treasuries. they are at 1.6%.k at apple, they're going to return between dividends and stock buyback, ruffle 7% a year. and the good news is the earnings estimates have gotten cut in half from december to june. so unlike, you know, a year ago when everybody loved the stock despite the fact that numbers were continuing to come down, you actually have gone ahead and reset a lot of that. and you've not some potentially positive catalysts coming up with the worldwide developers conference on june 10th for example. and the other thing is on a froes margin basis, one thing that's gone unnoticed is that commodity prices is starting to come down again. and that was going up in the fourth quarter, which a lot of people decided to ignore. and so that dropping, obviously flashes a big component in their cost structure. and you've got more capacity coming in to it. apple is all great invest. s start out as trades. and you see how the fundamentals evolved. >> i want to be clear here. it's a stock that you admit that you hated

u.s. treasury secretary, jack lew. lew was in berlin for talks ahead of the imf meeting in washington. >> 5 the u.n. peacekeepers were killed. >> the rebels backed by sudan are believed to be responsible. south saddam broke away after decades of civil war. -- south sudan broke away. >> uhuura cannot has been sworn in. he praised kenyan of voters for rejecting what he called "the tents -- "attempts to influence the election." is accused of crimes erupting after the 2007 election. >> meeting with benjamin netanyahu to revive middle east peace talks, secretary of state john kerry says he will be working with israeli and palestinian leaders to improve relations. he warned against seeking a rushed resolution saying it's important to first seek trust. >> the german justice minister in china for annual talks on the rule of law, part of the meeting. >> has been barred for leaving the city because it allegations of tax evasion that he has never faced formal charges. >> we have more on a man stuck in a legal limbo. it has been o

u.s. treasury department is investigating whether the couple had the proper clearance to visit the island. during the vacation, they reportedly toured a children's theater group and visited an art institute. about 10,000 americans visit the country each year under such licenses. cuban-american lawmakers like senator marco rubio are demanding answers, even issuing a statement saying in part u.s. law clearly bans tourism to cuba by american citizens because it provides money to a cruel, repressive and murderous regime. since their inception the obama administration's people to people cultural exchange programs have been abused by tourists who have no interest in cuban peoples freedom. as always, tell us why you are awake. >>> still ahead on "way too early," louisville comes from behind to beat michigan and to win the national championship. a bit of a controversial call in there, too. we'll get your opinion. that did shift possibly the momentum of the game. >>> former president clinton spends quality time with steven colbert. you may be surprised why clinton says he has never sent out a singl

u.s. treasury secretary pressured to boost wages. he wants less austerity from german finance minister schaubl e. the green party agrees. >> they could kill two birds with one stone. it held social justice and creates more consumer spending. >> while berlin is listening to the eu commission's proposals, the government is under no compulsion to act. >> coming up later in the half- hour, a first in the world of sports in the united states. but first, other stories making headlines alarm the world. >> the syrian prime minister has survived an assassination attempt in the capital of damascus. a bomb went off as his official convoy was passing through the western district. opposition activists say one of his party guards died in the attack. -- bodyguards died. what's the siege continues of the libyan foreign ministry and demanding they fire officials who served under former dictator will more gaddafi. this comes just days after the french embassy in libya was bombed. >> the cia has reportedly delivered millions of dollars in cash to afgha

u.s. treasury bonds. u.s. treasury bonds are trading about a buck 70 if i'm not mistaken. japanese treasury bonds trading at 0.53%. so i guess our treasuries look good. ladies, let me start with you, rebecca. this rick ryder, i don't know him. i know he's fabulous. i know the firm is a great firm. he said, okay, if the fed slows down, it's going to have one-day impact on the stock market. because the economy is pretty decent. i happen to hold the same optimistic view. do you? >> i don't think -- i think it's premature. we have fed minutes coming out tomorrow. they're probably going to talk about tapering quantitative easing so moderating the amount of it at some point later this year, possibly. so i think the blackrock comment -- >> you believe the fed minutes will show a consensus they will stop buying bonds this year? >> they -- big difference. >> that's my favorite restaurant. because i'm going to make a bet with you that ain't going to happen. >> no, we're on the same side of the bet. >> no way! >> i agree. but job growth is improving. but it's slow. >> yes. skprchl fr

u.s. treasuries. this asset is in the business of buying and selling in the secondary market u.s. tplace. it doesn't take any principal positions. so we think the size of this market will grow and probably grow every month. every month they do a treasury auction. it is $11 trillion. reasonable forecast has it growing to about 16 trillion. we look at patty murray's budget proposal. the deficit cut down to $560 billion. that's new opportunity coming enlarging the market. >> you have to bet bernanke takes the foot off the gas. >> this year probably a trillion dollars of new treasuries coming to market. the fed will probably buy 54% of that. $540 billion of that. so to the extent the fed is not the buyer, the rest of the inventory will come to a natural market environment, with a higher rate of trading. once they buy, they park it on their balance sheet and don't do anything with it. we're not predicting when but we will predict they will. at some point that unnatural buying. >> when you decided you're going to pay this amount of money, which is not insignificant. >> yes. >> you had to

u.s. treasuries. >> all right, folks. thank you all for joining us. appreciate your insights on today's market. see you later. >> thank you. >> we expect a crucial news conference from the fbi, where we expect to see a picture of someone they want to question in relation to the boston marathon bombings. all this as president obama went to that city today to help begin the healing. scott cohn has the latest from that city. scott? >> michelle, we are, indeed, about two hours away from this long-awaited news conference. we've had an official news blackout for two days now. so we should find out what the authorities have been working on the last couple of days. some actual official information about that. potentially, a picture or pictures of the people they want to talk to and what they've learned from all of those video images. and we know that there were cell phone cameras that people have turned in and all the surveillance cameras, like the one in the lord and taylor store, just across the street from the second blast. and also, at least two others th

u.s. treasury. we want to know how much you will pay to dine with the president. call this number, text one for 500 to a thousand dollars, text two for a thousand to 1500, and text three, for more. text 4 if you wouldn't pay at all. and tweet us at nbc bay area. >>> and earlier, president obama was in colorado pushing for new gun control measures. as he spoke, lawmakers in connecticut spent hours debating on what are supposed to be the most restrictive gun laws in the country. it would restrict the high-capacity magazines, expand the checks to all gun sales, fund the security upgrades and improve mental health coverage. it is in response to sandy hook elementary school shooting, that killed 26 children and six adults last december. >> i want the legislature to craft laws that protect people, while not violating the laws for law abiding citizens. >> the word is that congress is considering delaying the debate on new federal gun control proposals. >>> and new details on the bizarre story, the man accused of driving his car through the front of a san jose walmart on

u.s. treasuries for safety. so while we may not think that we are in the best of shape relative to the rest of the world we're at the head of the pack. > > just how well have companies with sales heavily based in the u.s. been performing in the stock market? > > they have done very well. the u.s. is now 46 percent of all global indices. and when you look for stability under a risk/reward scenario the u.s. is met with a lower growth rate is very attractive. the dividend yields are attractive, the cash flows are very attractive. regulatory---we may not appreciate it as much but there is solid regulatory action in the u.s. and that permits outsiders to look at it with some stability. > >does american "loyalty" play a role here? > >i think it is more---this year at least---there has been a lot of inflows. individuals are coming back to the market. we did not have the big negative news. we had no difficulties going over the cliff obviously. the sequester turned out---at least so far--- not to be too painful. budget n

u.s. treasury is warning japan to not weaken its currency on purpose. the department also stopped short of calling china a currency manipulator. we are off to the races this monday morning with tony harris. he's with performance trust investment advisors. he's a bond trader and its great to have you on the show this morning. > > good morning angie. > > what can we look forward to in the week ahead. what's the bond market telling us? > > last friday the bond market was reacting to a very soft retail sales number. retail sales were down 0.4% month over month and even more interestingly year over year they were only up 2.8%. that's as slow as we've seen it since november of 2009. so that's a very bad thing for the u.s. domestic market. and bonds rallied significantly. they were down about basis points and yield to about 172. that's about where we were last friday when we had the terrible non farm payroll reports. so i'd say right now the bond market is doing quite well because of the soft economic data that we've seen. not only the retail sales but also in

u.s. treasury officials last week called on japan not to deliberately devalue its currency. >> translator: japan's measures including those of the bank of japan are aimed at ending prolonged deflation. i will, again, clarify this at the g-20 meeting. so there is no misunderstanding about how true policy objectives. >>> japanese entrepreneurs have had the chance to hear how to be successful from some of the best in the i.t. business. global tech leaders have urged them to expand their businesses with an open mind. executives of japanese i.t. firms organized an event under the them innovation in tokyo on tuesday. their aim is to foster venture businesses in the country the group invited leading i.t. professionals from abroad who have started their own companies or managed start-ups. a co-founder of smartphone operating system android shared a story andy rubin said the software was originally designed for digital cameras, but a sluggish camera market forced the firm to switch plans and target smartphones instead. >> you have to be flexible in your business, and you have to understand, if your

u.s. treasury's trading business. it's a major player and a it expects volumes over 500 billion daily to increase. >>> well, we have been telling you that the markets have been rallying this year. but most individual investors have been watching, not pers participating. they have been afraid to put their money in stocks. but it can be changing. >> from an office outside of chicago to the hills north of l.a. -- >> we're in a transition. >> americans are investing through clubs. though not like they used to. >> i'm collecting money now. >> this was the scene in 2000 with pooling funds and researching stocks was the way that average folks made fast money. by one count there were 400,000 investment clubs at the peak. a number that's collapsed, but not completely. >> got a good trend on the weekly. >> in arlington heights, illinois, nick started this fund after his 401(k) was destroyed in 2008 to take matters into his own hands. >> we only knew how to buy stocks, so then we learned how to sell stocks and then do options. t

u.s. stock market but treasuries and japan, as well. what did tepper tell you? >> it's a bottom line it, tepper is constructive on u.s. treasuries. constructive on the u.s. market and constructive on the japanese market. and the reason is, is that if you take the european reaction to cypress, you take what japan is doing in terms of their new look at driving inflation, that there's going to be a search for yield and the yield search is going to go into large cap household named equity that are yielding. so hedge fund managers, he said, should short the s&p at their peril. and you don't really even need an analyst. you just have to buy the big cap family names. in terms of japan, when you're driving down rates and you have the first central bank coming out and buying equities, that's going to take the market higher. so can't talk about what's going to happen next week or the next few days, but when france's bonds move up, and we've got a troubled economy there and a troubled government, you've got to believe that u.s. equities and treasuries are going to move hig

u.s. treasury yields are very low. you have the yield go down a little bit. normal save havens are not functioning very well today. you have been talking about why the gold price fell so much and the reason is because of the alternatives are very few. gold itself is not yielding you anything. when you have no pressure on the global markets, there is a deflationnary pressure, if anything. he does not want to go into equities because it is not a case where they have . >> if you look at the longer term, i think that gold is headed down. i stick to that today. i have been expecting this correction that it happened in the last two days so violently is probably a surprise. >> do we buy gold then? we're getting to that point. >> we are. but once you reach 1300 you have to see where the european debt crisis is heading. what is happening to overall inflationary pressures. i would probably change my forecast from 1300 to 1,000. this goes back to your previous point. >> if you are sitting in two years. >> not just goal but stocks. how much of this is the unwind of the f

u.s. treasury if he wishes. abc 7 is live at san francisco international airport. kinld of a low key arrival there. wasn't it?. >> smooth and simple. air force one is still here. the president not and he's on the way to the city. the president is making a stop himself, going to have some food and refuel the coffers with fund raising. air force one touched down at just about 5:30 exactly. this is more or less on time. often there are local guests here at the airport to greet him but not today. just a marine standing at attention as air force one taxi food position. the president hopped into the bafk a suburban, waited for staff members then off they went into a motorcade of about 20 vehicles we counted. headed for san francisco. so it was a simple, smooth landing and arrivea. and heading off to san francisco without a hitch. >> heather, thank you so much. tomorrow, mr. obama has a brunch and lunch reception on the schedule. the brunch costing you $32,400 but lunch is cheaper a thousand dollars a plate if you want to have a pick you're with the president that is $5,0

u.s. treasury department says it did not violate the u.s. trade embargo and was fully approved as a cultural visit. >>> rob johnson out at jcpenney at ceo. he was hired to revitalize jcpenney's 1,100 department stores. got rid of sales and coupons, opened specialty shops inside the stores, still, sales last year fell 28%. christine romans has more for you. >> ron johnson, the now ex-ceo of jcpenney learned the hard way, turn off loyal customers and they'll turn their back on you. that's what happened when johnson came in to resurrect the company. he created the formulas for hyper successful apple retail stores and target. selling ipads very different than selling curtain sets and sweat suits. >> i told you, transformations are unpredictable and can be bumpy and this one has been. were in a risky series of moves, he eliminated coupons and discounts, hallmarks of the success. sales fell 28%, including a 40% drop over the holidays, stock followed, dropping 55% in the past year. cutting the retailer's value in half. johnson's pay was slashed by

u.s. treasuries.al return fund which holds $289 billion in assets increased holdings to 33% in march from 28% in february. the manager said he turned bullish because the bank of japan's action would drive japanese investors to seek higher returns in overseas markets and aggressive stimulus from central banks made investors such as himself and warren buffett for having to rethink the way they made money. because of the bank of japan action, will we get a return to the carry trade and therefore jase investors seeking yield overseas? they buy mixed income and not equities necessarily. >> not just japanese investors but asian investors and central banks have been buying assets in france and buying assets in high grade european and government bonds over the course of the last year. i think if we look at the composition of assets right now we can reasonably say the banking sector in japan is to some extent long. government bonds in eurozone. what we need to understand, i think is how far there is rotation i

u.s. treasury department since it is illegal. today jay z posted a open leader. >> voice from are the hood. ♪ touch never lie to me the last reference is the parra dox of u.s. refusing to deal with communist cuba. despite the lyrics the white house had nothing to do with the cliffics. an apparent dirty trick left a woman in battle over 105,000 in parking tickets. jennifer's car was left in an airport parking lot for three years. she said her ex-boyfriend was the one who drove the chevy. the judge dismissed the lawsuit and encouraged the parties to reach a compromise. the why wondered allowed how many tickets a day could appear on the wind chill. >> someone is getting ready for a strange cook out. three thefts are raising eyebrows. there are 3000 stolen cartons of hamburger patties. german authorities are pursuing thieves that stole five and half tons of nutelia valued at more than $20,000 . in florida a man stole a tractor trailer filled with 75,000 worth of soup. the gps led the cops to the soup stealer. four week average went up

u.s. treasury department. thank you for joining us on "money." >> good to be here.will be reconstituted you will get shares for the money they will seize above the 128,000, and it is about 60 percent of your money there will be converted into stock. is that accurate? >> yes, that is accurate. it could be worse, but that is about where we are now. if you think you can go out and spend those shares at the supermarket or anyplace else, think again. adam: kind of like a good luck. >> right. adam: and they have done much better than i think. >> i would rather have shares of general motors than these bank shares it. adam: is simply -- essentially the same kind of formula. now you have the russians saying you've lost your money. what is the danger going forward from this model. we have the agricultural minister, a member of the eu ministry, and he was saying that this is the protocol going forward. then he backed off of that, but in actuality this is what they're going to do, is it not? >> we will call him mr. d. what happened here is, you know, if you thought you were a d

u.s. treasury department that has the liability.o you have an asset in one hand and a liability in the other. the office management and budget claims next to zero. would you acknowledge to the federal government the social security trust fund has no value in terms of paying off that $5.1 trillion in deficit spending over the next 20 years? >> as we consider the deficit numbers, these commitments are in the consideration as we think about it. out s there any value drawn of that social security trust fund to fund the $5.1 trillion worth of promised budget benefits? do you believe that has any benefit to the government? are you disputing what o.m.b. has basically published here? >> what i do believe is it has value in terms of the trust and how we think about the trust. the first chart didn't -- >> no dollar value? there are no dollars there. there is nothing of value there to pay those benefits. isn't that correct? >> i think when we have some issue on some debts as we do in terms of how we think about that as well now we have a very

u.s. treasuries and most of the rest of the developed world. liz: that closed going to get to. t comes to their version of treasury? >> we think it is a good deal of up in quality. given our view that we are in a beginning chapter of this debt crisis. now is up the time with spreads close to financial crisis for investors to keep reaching down. that is true in government bonds, corporate bonds. we stay focused on countries like australia, other countries that might be cutting interest rates in response to low growth and low inflation, companies -- countries like mexico which mean that investors typically not consider and the high-quality bucket, but we would certainly put there. liz: the bond king really likes the mexican debt. you guys launched at etf, currency etf, foreign currency strategy that was in february. your biggest exposure to emulate the canadian dollar. you also like the norway corona. what you think of the u.s. dollar. very short it? >> we think the u.s. dollar is still in a secular decline. people often focus too much on the fact that which currency is doing wors

u.s. treasury in d.c. it is a tough road to walk. i'm willing to look at it and see if we can come to a resolution. >> good afternoon, sir. >> good afternoon. >> i am a senior political science major. thank you for coming out here. i'm a former intern for president obama. i'm also a national field organizer for one of the only african-american super pacs in the country. you said that the republican party is a proponent of voting rights. i have been traveling along with men of my organization all over the country across 30 states and registering african-americans to vote because the republican party had been using the state legislature and the government to prevent african-americans from voting because they do not want to reelect president obama. how can we believe what you are saying with regards to voting rights when we feel based on our intellectual ability to gauge whether you can connect with us are not, how can you ay that to us? >> me being here today and trying to open this dialog is showing that the republican party is intere

u.s. treasuries, no for now. coming from a guy like you come it has good weight and meaning. the closing bell, 40 minutes away. vacancy or no room at the end. you can tell a lot about a company simply by checking out their job listing. coming up, we're digging into microsoft latest job posting to get an idea of where they will spend a lot of money. and where they are cutting back. plus, check out which smart phones teenagers are buying next. you just saw gene sperling, he is coming up as well to talk about the president's budget. and a lot more. [ male announcer ] in your lifetime, you will lose 3 sets of keys 4 cell phones 7 socks and 6 weeks of sleep but one thing you don't want to lose is any more teeth. if you wear a partial, you are almost twice as likely to lose your supporting teeth. new poligrip and polident for partials 'seal and protect' helps minimize stress, which may damage supporting teeth, by stabilizing your partial. and 'clean and protect' kills odor-causing bacteria. care for your partial. help protect your natural teeth. care for your partial. all stations

u.s. treasury department cleared up the matter saying the trip was preapproved under an embargo exemption.z chose a delightful new song ♪ white house, never [ bleep ] don't distort history. want to give me, let me commit a real crime ♪ ♪ >> greg: i think that song is now on lou dobbs ipod. joining me is mark sawyer who studied in cuba and from irvine, california, news max entertainment reporter james, author of the book "hollywood nation." did the song move you the way it moved me. in. >> i almost teared up. >> me, too. as a matter of fact, i need to wipe the tears from my eyes. he talked about loving cubans. and the problem is that if beyonce and jay-z had grown up in cuba they would not be free to create the kind of artistic expressions that have made them successful. moreover, as senator marco rubio has pointed out, a very famous cuban rap is riding in a cuban pry son. would have been nice if they had visited them. they wouldn't be free to have these lyrics. what we have is a rap credibility gap because as you pointed out the lyrics explicitly talk about conversations with obama that th

u.s. treasury still selling off a wee bit to 1.25% and 1.7% respectively. peripheral debt seeing a bit of a rally. this is echoed by the rally we're seeing in spanish and italian equities, as well. you're seeing there, 1.4% to the upside, in fact, for spain. so if there was any sense that these events would translate into jitters and markets, we are certainly not seeing it this morning. much, of course, will depend on what more we learn about these two men and, of course, whether there's any connection with geopolitics more broadly or whether it was a one-off incident. copper there in the red. but otherwise, we're seeing rebounds in brent crude and even spot gold up almost 2% today. let's just recap for those of you who may be waking up to join us this morning, wondering what you're looking at in the u.s. these are live pictures of watertown, massachusetts, brought to you by our nbc local affiliate there. and what we can tell you is that after the boston marathon bombings on monday, two suspects tied to those bombings, pictures of which the fbi released yes

u.s. treasury. this is where interest has been but do you see opportunity in the mds? >> actually i do.ne. few opportunities that opened up for bond investors in the first quarter. there is not much opportunity in a low yield environment. we're looking low single-digit type returns. maybe mid single at best. i think emd is is one of those opportunities. central banks paused in the first quarter in most markets in emerging market countries. i think the bump in yield we saw in the first quarter is an opportunity. we still think longer term those economies grow faster than developed countries. much less debt relative to the size of the economy. lori: i have to sop you there. we have breaking news. >> that opens up potential easing in the coming months. lori: it is an important part of every once investment portfolio. anthony, thanks. we'll check in with you. >> thank you. melissa: we have more breaking news about those reports that investigators believe they have identified a boston bomb suspect. rich edson is live at the white house with more on this rich, what have you heard? >> here are

u.s. treasurys. only, a $2 trillion problem. cash some in. >> but you also have -- >> you think of the whole country as a balance sheet. >> a new regime there, and they're not that generous, the governing, the ruling party. >> until they stare into the abyss. >> yeah, but -- they're two months into 10 years. >> yeah. >> like the ceo going to the kitchen sink order. for them, it's more important to take back corruption. the local government won't bail them out -- >> hold on. we've got to go to jay carney. >> good afternoon. >> let's listen to the white house. >> thank you for being here today. i know there are several matters that i'm sure you'll be interested in discussing today. a couple of issues that are under investigation by the fbi, and i thought i would start with that and then take your questions. as you saw from a statement from the fbi, as well as a statement from the united states secret service, there was a letter sent to -- addressed to the president that -- at a off-site mail facility, was noticed to have contained

u.s. treasury. it's his way of showing support to federal workers facing furlough because of the sequester. the president earns $400,000 a year by law. so a 5% cut works out to $20,000, or about $1700 a month. >>> and stay with us for continuing coverage. tonight at 10:30, the man behind one of tonight's fund- raisers and where billionaire tom styer disagrees with the president. plus find out who is hosting the president for two more events tomorrow. find more video at ktvu.com. >>> we are on storm watch tonight with an april rainstorm moving toward the bay area at this hour. and a forecast that calls for a burst of heavy rain overnight. our meteorologist mark is here now with the timeline for the rain especially during the morning commute. >> that's right. for the early portion of the morning commute. so the storm we have been tracking racing through the shoreline. right now just lots of cloud cover. as you can see, the green basically up to our north, especially up towards eureka, humboldt county.

u.s. treasury. it's his way of showing support to federal workers facing furlough because of the sequester. the president earns $400,000 a year by law. so a 5% cut works out to $20,000, or about $1700 a month. >>> and stay with us for continuing coverage. tonight at 10:30, the man behind one of tonight's fund- raisers and where billionaire tom styer disagrees with the president. plus find out who is hosting the president for two more events tomorrow. find more video at ktvu.com. >>> we are on storm watch tonight with an april rainstorm moving toward the bay area at this hour. and a forecast that calls for a burst of heavy rain overnight. our meteorologist mark is here now with the timeline for the rain especially during the morning commute. >> that's right. for the early portion of the morning commute. so the storm we have been tracking racing through the shoreline. right now just lots of cloud cover. as you can see, the green basically up to our north, especially up towards eureka, humboldt county.

u.s. treasury officials to look into whether the couple had the proper paperwork to travel to cuba.u know, a long-standing trade embargo prevents most americans from visiting the communist island without a license granted by the government. so did they violate those restrictions? jim acosta has more. >> reporter: celebrating their fifth wedding anniversary in cuba, beyonce and jay-z blew through the island nation like a tropical storm. everywhere they went, whether it was the streets of old havana -- >> i really wanted to see her because i like many of her songs. >> reporter: their meetings with local artists or dinner at one of the capital's best known restaurants, the pop power couple's fans were waiting. >> they were very nice. they said hello to everyone. >> reporter: the trip also made waves all the way back in miami, where conservative cuban-american politicians are calling out beyonce. >> i'm calling them out. i'm saying that there are many places that are pleasant, that you don't feel like you're being a pawn in the game of this communist tyranny. >> reporter: the republican

u.s. treasury about beyonce and jay-z's recent trip to cuba. u.s.es layton and bilrt of florida say they want to know who gave the celebrity couple a license to travel in the country where american tourism is prohibited. >>> all right. it is not every day the republican house majority leader gets photographed with one of america's biggest heart throbs. eric cantor tweeted a snapshot of himself and actor brad pitt while atenting a black tie event galla at constitution hall on friday night. can you guess which one of them is rocking the ponytail? just take a guess. the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. i'm up next, but now i'm singing the heartburn blues. hold on, prilosec isn't for fast relief. cue up alka-seltzer. it stops heartburn fast. ♪ oh what a relief it is! is engineered for comfort. like parts that create the perfect temperature and humidity or the parts that purify the air. together these parts can cut your heati

u.s. treasury every month. he's going to write a personal check since his salary is set in law, can't be changed. so the president's whole contribution will amount to about $20,000. that's because he gets paid $400,000 a year. defense secretary chuck hagel also said he's going to take a pay cut to show solidarity with the workers in the defense department. >>> north korea now cranking up the tough talk another notch today. this is directly accusing the united states of actively pursuing a nuclear war. u.s. officials say they have reason to believe that the north koreans will soon launch a missile off their east coast possibly as a test, possibly as a show of force. but the pentagon says u.s. military defense missile systems and people are on their way now to guam right now. this is an island that north korea calls a possible target. tonight, at 6:00 eastern wolf blitzer will host a special edition of "the situation room" focusing entirely on this crisis in north korea. you're not going to want to miss that. her

u.s. treasury department undisclosed amount in the cost of dealing with the two separate incidents where theps malfunctioned leaving passengers stranded for days with problems like overflowing toilets and no food. meanwhile, royal caribbean unvailed a new class of ships. totally different company, royal caribbean, look at this, okay. look on your screen, stop what you're doing. it's a class of ships called the quantum, which makes sense because of the movie. oh, i got to see that, unbelievable. offering firsts like a sky kiefing experience. adam goldstein, royal caribbean ceo and president on this day. today is the day, that's why we wanted you here. first of all, let's talk about the new attractions. >> thank you, it's not just sky diving, but it's a big feature, the north star brings people 300 feet above the service of the water and there's great views. the venues are terrific too. liz: the arm thing, the glass pod, what is that? the north star. >> how did you come up with the ideas? >> we challenge ourselves. it's in our dna to come up with ideas never been on the water, and we challenge

u.s. treasuries. but i do think that basically in emerging markets, you have a strong consumer.t gdp results from china last week, you saw that there was a lot of discussion the average investor has less than 5% allocation to emerging markets, which represents roughly 13.5% of global indexes. so if you give it a medium to longer-term view, we believe that it's an asset class that offers great opportunities. >> what's your favorite e.m. right now? >> right now, we are overweight mexico, india and brazil. i would say that the highest conviction right now is probably india because with the selloff in commodities, which we believe it's going to remain at these levels for now, it really gives them breathing room where the current account deficit has really narrowed in the last three to six months. it gives central banks room for cuts later this you're. >> how concerned are you with what's going on with japanese monetary policy and the effect on the emerging markets? >> for the short term, it's concerning, obviously. the japanese exporters go head to head with some companies that we l

u.s. treasury interest rates. instead of allowing congress to set them.emocratic congresswoman karen bass would prefer a loan forgiveness program for those who reliably start paying off their debts. >> if they are paying and staying up to date that after 10 years that loan would be forgiven up to $45,000. >> melissa francis says the best course forward is to consolidate as much of your debt, refinance if you can, and pay it off. and she also urges college students to study something in school that, quote: has a job on the other side. bret? >> bret: molly, thank you. the fbi is looking into secret recordings made in the kentucky office of senate minority leader mitch mcconnell and obtained by liberal magazine "mother jones." mcconnell's people acknowledge they are working with law enforcement and charge that the left is using watergate style tactics. in the recording, advisors are heard discussing the possibility of using a political attack involving the mental health history of potential democratic challenger ashley judd who has since said she will not ru