do you think it will make the jump, you know n popularity from white sub ub -- sub urban kids to african-americanng shot. have you ever been to one of my shows. >> stephen: if you wear this hat will i be pulled over? >> yes. >> stephen: you are going to did a song. it's off of the album "gutter rainbows". >> digital release only in the states so the fact that you got a cd means you got extra swag. >> stephen: this had come from europe or something? >> yes. >> stephen: thank you so much for joining us. we'll be right back with a [ jackhammer rattling ] ♪ lady, you shouldn't be here! oh, i'm not here! i'm just a figment of your imagination! but you are thinking about grabbing a rocky mountain-cold coors light at happy hour. maybe you could even buy me one... you're gorgeous! what's your name? it's jim. and thanks. keep it up jimbo! [ male announcer ] frost-brewed coors light. the world's most refreshing beer. [ indistinct conversations ] at do you think? we'd have to get all new appliances. we'll go to the warehouse stores and pick out everything you want. the sinks ringing. hello? you think those

do you think it will make the jump, you know n popularity from white sub ub -- sub urban kids to african-american it's a long shot. have you ever been to one of my shows. >> stephen: if you wear this hat will i be pulled over? >> yes. >> stephen: you are going to did a song. it's off of the album "gutter rainbows". >> digital release only in the states so the fact that you got a cd means you got extra swag. >> stephen: this had come from europe or something? >> yes. >> stephen: thank you so much for joining us. we'll be right back with a here to perform "cold rain" off his album, "gutter rainbows", ladies and gentlemen talib kweli. note yeah, it's been a long time coming. i have my friend reese with me ♪ new york city make some noise ♪ this is the for the day trippers and hipsters. spiritual leaders practicing all the laws of attraction the teachers who read the passages that be bustin off the dalai lama or flashing heaters to the last of the boosters with all the shooting, the thugging all the booing and spooning and all the crooning and cooing and auto tuning alive. ♪ feeling the cold rain stil

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ubs and bank of america merrill lynch both began coverage of the stock, calling it a buy. j.p. morgan rated it overweight. shares jumped 12%. merrill lynch and j.p. morgan both helped manage linkedin's initial stock offering. two other web stocks saw significant buying interest. jobs web site monster worldwide was up almost 10%. an analyst at oppenheimer voiced support for its facebook strategy called be-known and a new search product. chinese online television firm youku popped 30%. it launched a joint venture with warner brothers home entertainment. and that's tonight's "market focus." >> tom: while gold prices have held up relatively well in he past two months, mining stocks have drilled lower along with the rest of the stock market. that brings us to tonight's "word on the street"-- "gold." alix steel is a reporter at thestreet.com. >> tom: alix, nice to see you. why the differ gens. what's going on? >> well, it's a good question and the biggest answer i have for you is miners are risky and investors are skittish. there are two other reasons. the first is the introduction o

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the game's giant lost almost 6% after ubs downgraded its shares.nikkei was the only one that ended the day in the green, up by 0.2%, some heavier losses for the shanghai composite, also the hang seng and the kospi ending the day down. >>> let's wheel you around to wall street. alison kosik is in new york for a wrap of the action. >> the major averages ended lower for a sixth session in a row. the report found economic activity continued to expand moderately across most of the u.s. with growth in the dallas, texas area speeding up. the central bank said the labor market had improved recently in most of the country. at the close, the dow slipped 21 points to end at 12,048. the nasdaq lost almost 1% and the s&p 500 fell almost 0.a%. credit card shares tumbled after the senate rejected an incentive to the swipe fee measure. it would have delayed for a year when banks can charge myrrh chantz when a debit card is used. coming up thursday, investors get the latest figures on weekly jobless claims. analysts expect first-time claims to have ticked up slight

glucerna products help me keep everything balanced. [ golf ubs clanking ] [ husband ] i'm good!ell, almost everything. [ male announcer ] glucerna. delicious shakes and bars. helping people with diabetes find balance. host: could switching to geico [ male announcer ] glucerna. delicious shakes and bars. reon car insurance? or more host: do people use smartphones to do dumb things? man 1: send, that is the weekend. app grapgic: yeah dawg! man 2: allow me to crack...the bubbly! man 1: don't mind if i doozy. man 3: is a gentleman with a brostache invited over to this party? man 1: only if he's ready to rock! ♪ sfx: guitar and trumpet jam vo: geico. 15 minutes could save you 15% or more on car insurance. martha: fox news alert, people are being told to get out as raging flames are tearing through parts of arizona at this hour, and that is a brand new hour of "america live" just beginning. i'm martha maccallum. more than 300 square miles, look at these flames. completely consumed by wildfires in. whipping winds -- in arizona. bone dry conditions creating the perfect storm, unfortunat

company that's positioning itself to take advantage of that kind of growth is the french game maker ub a business that got its start in the most unlikely place. jim bittermann has the story from paris. >> reporter: just another day at the office if your office happens to be at computer game maker ubisoft and if you're developing its latest video game, "just dance 2." if you want to evaluate the real gamer experience, you have to just dance, too. it's one of the most recent games in development, a company which the french like to point to as their own version of apple or microsoft, mainly because of its origins. the company was founded by five brothers from an obscure town in britain who inherited a farm supply business which morphed into a mail order company that morphed into a line of video games. they were part of the $50 billion a year video game industry. especially because of gaming hits like "assassins creed" which sold nearly 30 million units worldwide and is likely to go higher when the fourth sequel comes out this fall. the head of the company believes being in france where ot

he approached the world's biggest private wealth manager, ubs, to help him gather clients for his madofffund at his company, access international. and philippe junot, once married to princess caroline of monaco. at lavish parties, they marketed to people like l'oreal's lilliane bettancourt, the world's wealthiest woman. >> thierry de la villehuchet would say to them, look, "come to dinner. "we'll have your friends, a good time, good wine. and then here comes the hard sell-- i've got this great money manager in new york. he makes money whatever the weather. i can introduce you, put money into my fund and i'll hand it on to bernie madoff. >> narrator: his brother bertrand said thierry believed completely in madoff. >> smith: but madoff had one condition he had to impose on everyone. funds were forbidden from listing him as an investment advisor in any marketing materials. that's because madoff was unregistered with the sec, even though he had thousands of:ñm' clients and billions under management. early '90s. >> smith: sandra manzke, the founder of the hedge-fund giant, has publicly advoca

this was not the ub saying this is a great thing to do. the president did not come to the congress. the reason he knew this going in defied historical precedent. we weren't under attack, under imminent attack, we weren't honoring treaty agreements. we weren't rescuing americans. this is a serious precedent here. on the oh, we need to be clear that once gadhafi is gone, we won't have americans in there as a peacekeeping force. we've got to stop this addiction. we've got to focus on our true strategic interests. >> and would you vote to cut off funding for the operation? >> senator luger is putting a series of amendments together on the kerry-mccain legislation which i'm going to support. he's had the wisest brain on this problem. >> what's the bottom line of that? >> clearly say no ground troops. there's like six or seven amendments that are still being worked up. but i think his approach is rational the one the senate needs to take. >> going to leave it there. senators, thank you both very much this morning. >> thank you. >>> coming up, decision 2012, john huntsman first week on the

ubs lost cause them. they have 10% equity. do i think this is gonna happen? i do not think so. let me now move to the other area. another area where international constraints may impact this may have to do with global payments imbalances. china is the classic case. a 2010 study showed that financial imbalances run-up to the crisis. countries also experienced large capital inflows. you get more and stability and more of a credit them with me -- and more of a credit them when you have these large capital flows. they were associated with large increases. if you look at the work at the bis, what is the best warning indicator of the banking crisis? it is the joint occurrence of a credit boom. this does the best, including protecting the u.s. banking crisis. if you are talking about capital inflows, the counterpart is this large surplus. surplus wentl from 2% of gdp to tens term in 2007. it declined to about 5%. a key factor in this is the evolution of what happens suit real exchange rates. during the 2002 to 2007 time, it china was engaged in exchange markets. sometimes it was up to

birmania rÍos entrevistÓ en nueva york a ub pareja qna parÓo p por este delito vamos a verlo. >>> jemieuno contar las historias sin usar su voz >>> el objetivo es hacer un llamado para buscar una soluciÓn a la situaciÓn de la violencia en mÉxico >>> la ciudad juÁrez sigue siendo la ciudad mÁs peligrosa del mundo y los nÚmeros abrieron por si solos. la pareja viven en washington, y ahora que no pueden vivir en mÉxico, sienten nostalgia. >>> mi hijo dicen nos sacaron de mÉxico pero no del corazÓn >>> terrible, de todos los delitos que existen, raÚl la be ja humillaciÓn no se compara con nadie >>> es una manera tan dura y tan kro cruel de separar familias hay que acabar con esto >>> las leyes deben cambiar, y darle seguridad a los ciudadanos, nos vamos con un mensaje y regresamos con mÁs de "despierta amÉrica" >>> no se vaya >>> queremos que seas parte de nuestro programa comunÍcate con nosotros en la direcciÓn de facebook y twitter y a travÉs de nuestra fa gpÁgina de univisin. >>> quÉ bÁrbaro, llegÓ la hora de la plÁtica no del programa. hubo una nota que. >>> quÉ bueno que te pagan a ti

glucerna products help me keep everything balanced. [ golf ubs clanking ] [ husband ] i'm good!ell, almost everything. [ male announcer ] glucerna. delicious shakes and bars. helping people with diabetes find balance. - did you know nearly one in five american adults has hearing loss? 80% of people with hearing loss haven't been dgnosed or treated. one site has the answers to allr hearing loss questions don't be a statistic. go to hearing-aid.com today. jenna: fox news alert. taking you back to the scene in iowa after bus rollover. here is what we're learning right now. 39 people are taken to the hospital as we understand it. their injuries are not believed to be life-threatening although the bus driver is seriously injured according to the associated press after being pinned inside the bus. here is what we understand happened. this bus was carrying a bunch of high school students going to a band competition. they were going from wyoming to indiana. look how the bus tour through that field. according to initial reports they believe a tire blew out on the bus and that's why the r

and before joining the nyse, he held executive positions at ubs and schwab. he has served on many committees, as well. our second witness testifying on behalf of deutsche boerse group is gary katz, president and chief executive officer of the nge,rk s .. an american equity options exchange owned by deutsche boerse. mr. katz is also a member of eurex. his positions at the international securities and exchange and direct edge make mr. katz the executive most intimately familiar with deutsche boerse's current american operations. each witness has written statements, which will be entered into the record in their entirety. and i ask that each witness summarize his or her testimony in five minutes to help you stay within that time limit there is a timing light on your table. when it switches to yellow you will have one minute to complete your testimony. when it turns red, it signals that your time is up. and we'll start with mr. liebowitz. welcome. >> good afternoon, chairman. members of the subcommittee. on behalf of our company and shareholders i would like to t

was would agree with this depiction and it is simplistic on my part of that is what we have seen for ubs. the conclusion is the future will have large banks only in large countries. switzerland was -- this was a small country. germany and the u.k. are countries that are too small to report. we have seen this disturbing abolition. like the relationship between banks and government and externalities' and implicit guarantees. the only institution that can compete on a global scale with the large economies of scale will be headquartered in the largest countries which is disturbing. switzerland has leslenestle. no longer in banking . >> in the back. >> the national champion model has been invoked. it appears to be official policy because it is mentioned by jamie dimon and tim geithner. prodi the best analogy is in the u.s. beer from industry where we have boeing which is backed by the export import bank and the eu has airbus which is also backed by substance. why do we pick as our champion the worst run and least well- capitalized companies perhaps in the economy. this would-be like sending i

ubs lost 12% of risk-weighted assets during the crisis.they're in for 19% capital including 10% equity, common equity and the other 9% in contingent bonds. so i'd like to see the u.s. follow the swiss example and do that. do i think that's going to happen? don't think so, but i'd like it. let me now move quickly to the other area a little more briefly. another area where international constraints may impact the effectiveness of dodd-frank on crisis prevention has to do with global payments and balances and exchange rate policies, particularly in emerging economies with large current account surpluses, china being the classic case really, exhibit a. a 2010 study in the imf found that financial imbalances in oecd countries in the runup to the crisis has measured by variables like the ratio of bank credits to deposits were larger in countries that also experienced large capital inflows. so you get more instability, you get more of a credit boom when you have these large capital inflows. several other studies found that large current account d

each time i step on the floor of the ubs house, i strive to honor these principle that is my grandmother and her generation have taught us. mr. speaker, join me in wishing my grandmother a happy 100th birthday. i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from colorado rise? mr. polis: permission to address the house for one minute. the speaker pro tempore: without objection, the gentleman from colorado is recognized. mr. polis: thank you, mr. speaker. there has been a lot of discussion in the house how to characterize the republican plan to eliminate medicare. i want to start with the definition. oxford english dictionary definition of medicare, a federal system of health insurance for people over 65 years of age and for certain younger people with disabilities. so again a federal system of health insurance. if you replace a federal system of health insurance with a federal system of assistance or voucher or helping to pay part of the costs, you don't have anything that meets the definition of what we know

they've shared that in ub testimony. the o.c.c. has done exactly the same thing. state bank commissionerrers across this country have done the same thing. and i know we have the -- the presiding officer is from minnesota fnlt i know he flies here to washington probably each week. the way the language is now written, it would be as if the presiding officer got on a flight from minneapolis to fly to washington, the seats were mostly full, but a standby passengers-on-got on the plane at the last minute, sat down in an empty seat, and the airline was forced to charge everybody that flew on their airline only the cost of what that one additional passenger -- half the trip was going to take place -- what that one additional passenger cost the airline to travel from minneapolis to washington. obviously that cost is almost negligible because, you know, all the reservations, the flight has been fueled, the flight attendants are there the pilots are there, all of those costs are already dl. we wilwell, that's the way the n amendment now reads. that's the way the law now is,

and before joining the nyse, he held executive positions at ubs and schwab. he has served on many committees, as well. our second witness testifying on behalf of deutsche boerse group is gary katz, president and chief executive officer of the new york stock exchange, an american equity options exchange owned by deutsche boerse. mr. katz is also a member of eurex. his positions at the international securities and exchange and direct edge make mr. katz the executive most intimately familiar with deutsche boerse's current american operations. each witness has written statements, which will be entered into the record in their entirety. and i ask that each witness summarize his or her testimony in five minutes to help you stay within that time limit there is a timing light on your table. when it switches to yellow you will have one minute to complete your testimony. when it turns red, it signals that your time is up. and we'll start with mr. liebowitz. welcome. >> good afternoon, chairman. members of the subcommittee. on behalf of our company and shareholders i wo