of this country, they better not move these jobs from indiana. >> the move by united technologies is estimated to cost about 2,000 workers in indiana their jobs. and stay with ktvu for continuing election coverage. at 6:30, usf professor of politics james taylor will join us to talk about the gop convention, plus analysis on the race to the white house. >> officials with the cdc say a man from puerto rico is the first reported death from the zika virus in the united states. the man is in his 70s. he died in february. the u.s. territories reporting more than 700 zika cases and is seek federal funds to help prevent an epidemic. but so far house republicans have blocked emergency funding for the full $1.9 billion recommended by health experts and requested by the white house. >> it's growing. it's dangerous. it's dangerous to children, expectant moms, and to our whole population. so why are we ignoring what we need to do? >> the fda today cleared a california lab to sell the first commercial test for the zika virus. it was developed by quest diagnostics in san juan capistrano and could

. >> news alert on united technologie technologies. >> united technology declaring 66 cents per outstanding share. 3.1% increase. the dividends payable june 10th to share holders of record at the close of may 20th. the stock basically flat after hours. melissa? >> thank you very much, seema mody. utx upping the dividend. guy, defense stocks, in this environment, when people are looking for yield, is this another reason to buy? >> it's not the reason to buy. united tech is a good company. if you force me into that space, the most company -- the company that's most like to me is honeywell. i think honeywell is just a better company. stock performance speaks for itself. pete mentioned a number of times, we've talked about it for years, i think lockheed martin doing absolutely everything right. they're the best of breed in my opinion in the entire space. >> i agree. lockheed martin. if you went away from this point, if you want to talk about difference right now, if you want to just go to dividends, that was this topic about the dividends with united technology, i go back to certain names, that

and that the irs is currently in the process of purchasing an additional sting ray unit, additional technology at cost of several hundred thousand dollars. would you believe, do you believe that's in the best interests of taxpayers? >> i don't know that i have enough information to answer that question. i need to know who is going to use it and what are the protections for using it. and, i don't have the knowledge

not long ago united technologies was down in the 90s.oney well would have taken over the bid as high as $105. the ceo told me and my colleagues, the deal ain't going to happen! and said with time he could get the stock there himself. with time, today? it didn't take long. stock exceeded the bid price after an amazingly good quarter. don't cry for honey well show. good and how much do the bears -- one caterpillar to go down? not as much as the bulls want it to go up. let me give you the bottom line. i don't want to go overboard. the bulls turned bears, the one who's got bears at the beginning of the year. as january goes, who does that? did they go to college to get stupid? and those who keep waiting for the fed to tighten. they just keep getting overwhelmed by these mini bull markets. the ones who are leaving the uberwinners in the dust. and just can't stand getting higher. even when you least expect it. how about we start the questions with eric in new york? >> caller: hay, jim, it's eric in long island. close enough to new york. with t

what do i do with a stock of united technologies when it reports the same time as boeing? not that long ago honeywell attempted to merge with united technologies which drove the stock up to $100. the strangest thing happened. -- >> it ain't going to happen, jim. >> that's right. ceo greg hayes, famously came on "squawk on the street" and said the deal would never occur. after getting hit for a couple of days when the deal was shot down, this stock roared more than five points higher than where it was when the deal was first proposed. that's insane unless hayes has tremendous numbers up his sleeve. i like utx a lot. if i want to own it, wait until after the close wednesday. facebook. trust owns facebook. everyone knows it's going to get clobbered. everyone knew it would be clobbered today. it is priced for perfection. that's a standard almost no company saves service now has been able to meet. facebook is an easy call though. if the stock is still above $100 before it reports, if it's around there, at $100, $102, i'm green lighting you to buy it ahead of the quarter. it's g

sanders held a rally and spoke out against a recent decision by united technologies to shut down its manufacturing plants there and relocate them to mexico. the move is estimated to cost about 2,000 workers in indiana their job. >> if united technologies wants to receive another defense contract from the tax pay verse this country, they better not move these jobs from indiana. >> sanders went on to criticize the north american free trade agreement saying nafta has cost more than 100,000 people in indiana their jobs since went into effect in the mid-90s. >>> and our election coverage continues on ktvu.com. stay with us through the night and this weekend as the gop convention continues in burlingame. we will bring you governor john kasich's speech live on our website. you can also get updates on the protest and on facebook and twitter. >>> new at 5:30, we walk right interest a television station and revealed what looked like a real bomb strapped to his chest underneath the costume he was wearing. the actions a security guard took that police say should be applauded. >>> me tal could is

we had a joint venture with carrier which is part of united technologies.with a of other companies. we thought we wanted to go back to the roots in a way that we have our own business. we wanted to go more vertical into more manufacturing. we started a number of other manufacturing activities. we started our own business. the first one was real estate. we built some office buildings for rent. later on, we went into some participation teleconference concessions. the really big one is energy. that was a few years later. when the market opened for private companies to go into the energy field, we started to produce electricity and industrial power and that is now our biggest business. haslinda: it is a huge company as it is. close to 2000 employees. there are bigger plans ahead. talent is a huge issue, especially in thailand. caroline: right now, people can choose where they work and they are very much concerned about is the philosophy or culture of the company in line with their aspirations. talent, for us, is an issue. especially, in such a competitive field

he quickly launched into an attack on united technology's decision to relocate 1400 jobs to mexico. >> if united technologies wants to receive another defense contract from the taxpayers of this country, they better not move these jobs from indiana. >> reporter: as for hillary clinton, she was in new york keynote address to the eagle academy foundation's fifth annual awards breakfast. >> i also hope you will follow the excellent advice that mrs. obama gave the other day to a group of seniors up in harlem. never, never hesitate to ask for help. >> reporter: john kasich is also in california. he held a town hall this afternoon and he will speak at the california gop convention tonight. cruz will speak there tomorrow. live in the newsroom, alice gainer, cbs 2 news. >>> police say powder mailed to donald trump's new york city headquarters is harmless. emergency crews were called to trump tower in midtown last night. investigators say it was an intern for the republican presidential candidate that opened the letter containing a suspicious white powder and then called police. more testing w

united technology has reaffirmed it's outlook but lower revenue. both stocks finished the session higher. >>> kom cast reported better than expect results. the largest u.s. cable provider saw its first biggest first quarterly jump in paid tv customers in nine years. it also saw growth in its high speed internet and entertainment units and that sent shares up fracti fractionally kom cast is in talks now to buy dream works animation. behind the studio st is in behind shrek and how to train your dragon. it would give universal not just more movies, but more scale and consumer products and characters to turn into tv shows to bring in its parks and put on its apples. >> i think it would make sense. dream works has been very good at making short form content. kom cast is trying to role auou new services so dreamworks could be a content engine for that. >> neither company will comment and my sources tell me a deal is far from done, but a reported price tag of $3 billion sent dwa shares flying higher. now the question is whether any other buyers emerge for

. >> reporter: united technologies owns carrier. its indianapolis plant, which makes furnaces, gained national taedges in february when this secretly recorded cell phone video became public. it showed a manager telling workers the plant will close. >> to move production from our facility in indianapolis to monterrey, mexico. >> reporter: 1400 union employees will lose their jobs. lakeisha austin, a carrier assembly worker, shot the video. >> i thought that it would be very important to record. it's a big letdown. it saddens me that they've made this choice. >> reporter: carrier's union says its indianapolis workers average $34 an hour with benefits and mexican employees will make $6 an hour with benefits. the company refused to discuss wages, but did issue a statement saying outsourcing "will allow us to operate more coast effectively. we recognize the impact on employees, their family, and the community." >> carrier will not be leaving indiana if i'm president. >> reporter: presidential campaigns pounced from the left and the right

united technologies was dave cote going to steal that company? technologies had 1.3% organic growth and i like they are literally in control of their destiny. it's amazing. >> interesting honeywell and utx virtually identical. >> what do you make of that? >> they're moving in tan tdemta >> that's circular reasoning, my friend. >> no problem. i'm very good at that. >> it's now above where dave cote was trying to steal it. >> may be the case, we'll see if he ever chooses to come back -- >> david, can we run the ain't going to happen again? i run it like every five days on "mad money." >> do you run it a lot? >> i've run it a couple times. >> have you? >> yeah. >> guys, i want to look at perrigo which has been a story this week. it traded below $100 yesterday. prgo. >> wow. >> there had been some thoughts out there, mylan, they considered buying it once, not going to happen. they are not interested at this point. they're focused at mylan completing the metta deal they're involved with. so if anybody's thinking there's a bid for perrigo because it's

united technologies hiking its dividend by 3%.payable june 10th to shareholders on record by the end of may. >> more stocks to watch. chicos expects to cut fiscal marketing expenses for the year by $11 million. they hope to save 14 million in annual costs. it's flat at pre market. >> -- with a lot of caveats. some of the restrictions aimed to promote online video competition. pioneer natural posting a narrower than expected loss. >> another interesting stock to watch will be chipotle. land dowdy joins us with three things to watch in this report. >> expectations for them are low. three things to watch. forecasting revenue of $868 million and a loss of around 105 a share. and a dramatic swing from the profit of $3.88 a year earlier. this as they continue to feel the pain from last years food borne illness outbreak. and shares from dropped 40% since august. and third, this is the biggy. the chain has been trying to win back customers with heavy promotions and giveaways. and watch to see if the free food can help free them from the f

other ones a couple come united technology out with first-quarter profits that beat analyst estimatesboeing is falling short of estimates. the cash flow appears to be should -- supporting shares. little changed even after that company raised its forecast. check, ebay out with numbers and raising its sales forecast, coming out with a sales forecast above estimates. twitter is plunging after its numbers missing and chipotle continuing to show steep declines in sales. mark: stocks are rising for a second consecutive day, all about the oil price. up at theof uti highest since november. a list in the oil sector today. we're waiting for the fed, the big event, a to earnings, besides all that, moving the equity index. barclays profit falling 25% in the first quarter and posted a larger loss in the division that holds the business is in no longer wants. revenue at the investment bank falling less than expected, probably taking some of the pressure off of ceo. he has felt pressure to even sell the investment bank. berkeley shares down by 2.75%. a busy day for earnings. what a turnaround for ad

united technologies is an amazing story that that stock has not stopped.y. a lot of that is aerospace. these are big cap visible industrials doing well at a time when retail's weaker and forget the banks. people hate the banks so much. they have been down so long, they're starting to look up to me. >> i know we mentioned juniper, which is down almost 9% on that pulling in guidance for the first quarter numbers. seems to have a read through to cisco a bit. >> you blame the stars or do you blame yourself. corning, goldman upgrades. that's saying the tv supply chain is approaching a bottom. i never thought that would happen. david, you buying an 80-incher? >> i haven't purchased new televisions in some time. since we moved. >> they've gotten cheap and light. you can actually pick them up. even the big ones. >> really? >> yes. >> maybe it's corning. i like that. i'm just seeing too many dominos. stocks up, guy downgrades it. just because it's up, don't downgrade. you know, that's the way it is watch the airlines, watch the banks. those are the groups that now

a better china is how you can see huge jumps in stocks like united technologies or honeywell or caterpillarnd cummins as they do a clo sal amount of business in the far east. we know oil has been strong and people are less cautious about views on global growth. that could go away this weekend after opec and nonopec oil producers unravels. tomorrow we could get seriously bad bank numbers and jpmorgan's numbers will be a distant memory. here's the bottom line. it is my job to recognize patterns. i see the rolling bear markets have been replaced by revolving bull markets. that pattern is in its infancy not on its last legs. le oh, leon in new york. >> caller: boo-yah. integrated device technology. >> it was not a good quarter. there was a weird chinese group bid for the company. i think it now discounts the worst. the stock is down from the high. i say idti is okay to buy but only half. you have to buy it lower. betty in florida. betty. >> caller: hi, jim. great to speak to you. >> same. >> caller: you're my mentor. tell me, to a still believe we should all -- including retirees -- hold a smal

the trumps and the others to try to divide us up, if we stand together, not only can we stop united technologiesrom throwing thousands of indianans out on the street, we can transform this country. >> hillary clinton won't be too far away attending a fund-raiser in michigan. uma? >> thank you very much. >>> protesters are making their way to the very heart of the iraqi government. what this means for the stability of a key u.s. partner. plus, president obama sending more troops into syria in the fight against isis amid a fiery hearing on capitol hill this week between lawmakers and the top military brass over the direction of u.s. strategy. >> do you agree that you have the capability to take out assad's forecast? >> i do, senator. >> we have not declared war on the syrian regime, senator. that's why you drink ensure. with 9 grams of protein and 26 vitamins and minerals. for the strength and energy to get back to doing... ...what you love. ensure. always be you. ii did my ancestrydna. where my family came from. the most shocking result was that i'm 26% native american. i had no idea. it's opened

he criticized a move by united technologies to shut down manufacturing plants in indiana and relocate them to mexico. >>> california is expected to have a lot of new voters this year, at least 600,000 have registered so far. so to help, the state legislature has rushed through able to give counties an additional $16 million to deal with the influx. california's expecting a big turnout for the june 7 primary. there are also nearly two dozen initiatives trying to get on the november ballot. >>> our election coverage continues@ktvu.com, you'll find unedited video of today's clashes in burlingame plus more coverage of the convention there. >>> tonight, at 10:30, incredible story of twin sisters, their journey from an orphanage to the bay area and how one is now finding strength after the other was taken by cancer. >>> another windy day across parts of the bay area, right now a few high clouds hate us a visit, some changes for your weekend, how much warming in your saturday forecast. before earning enough cash back from bank of america to buy a new gym bag. before earning 1% cash back ever

goldman and jpmorgan med the dow higher this week, but also strength in names like caterpillar, united technologiesonly ones down for the week were coca-cola, mcdonald's, the defensive names. that's a bullish tone. can it continue into next week? >> and i point out europe is taking part in the rally as well. the german index up 4% this week. that's it for "worldwide exchange" this morning. "squawk box" is coming up next. have a lovely morning and a lovely weekend. town in minutes or across the globe in under an hour. whole communities are living on mars and solar satellites provide earth with unlimited clean power. in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ >>> good morning. breaking overnight. china gdp, the company posting its slowest pace of economic growth in seven years. >>> major oil producers preparing to meet in doha, but this morning russia is throwing cold water on hopes for a deal to freeze output. >>> and a battle in brooklyn. hillary clinton and bernie sanders square

. >> in other corporate news, pratt and whitney, which is a unit of united technologies, has won a $1.4illion government contract to build f-35 fighter jet engines. shares of utx up slightly, less than 1%, on the news. >>> meantime, boeing has opened talks to sell airliners to iran. if a sale does materialize here, it would be one of the highest profile deals between a u.s. company and iran since the west lifted sanctions on the country back in january. alibaba has purchased a controlling stake in the ecommerce company. and verizon workers may begin to strike tomorrow in an effort to push for new contracts. they want the telecom giant to hike their pay, limit outsourcing, and improve working conditions. >>> sumner redstone doesn't agree with the selling of paramount stakes. redstone still owns voting stakes of about 80% in viacom and cbs. >>> trc capital made an unsolicited mini tender offer for costco. they've offered to buy up to 1 million shares of common stock for nearly $150 million a share. >>> abbvie and roche winning regulatory approval for a drug they teamed up on that treats a

of united technologies: stop the greed, stop destroying the middle class in america, respect your workersspect the american people. >> reporter: sanders, though, is still the underdog for the nomination, trailing hillary clinton by about 300 pledged delegates; by 800 if you count super-delegates. clinton ended her two-day break from the public eye in new york city, talking race and education: >> given the right circumstances, given the appropriate adult involvement and attention, every child can succeed. and we have got to believe that, and we have got to invest in that. >> reporter: in 2008, clinton beat then-senator obama in the indiana primary. for the pbs newshour, i'm john yang. >> woodruff: we'll take a closer look at the presidential race, including the key role the individual delegates will play in selecting a nominee, later in the program. in syria, fresh violence rocked the war-torn city of aleppo today. insurgents shelled a mosque in a government-held neighborhood, killing at least 15 people. meanwhile, new air raids hit rebel-controlled areas of aleppo, while the death toll fr

. >> real quick, united technologies own carrier, they're planning to shut down.to mexico, many as 1,400 workers in indiana could be losing their jobs. how do you think concerns over jobs will manifest itself in the votes. >> that's huge. economy and jobs are huge. those trade deals of bernie sanders hits on. that's why i always think sometimes these polls, i don't know if they really tap into that. there's some angst and anger here over those trade deals and we're one of the leading manufacturing states in america. and carrier -- i thought it was interesting because last week donald trump was planning a first rally here ended up being in the state fairgrounds, but initially they were going to have it at carrier. carrier endorsed sanders and that took care of that. bernie spoke to those union folk. they're very much rank and file in favor of bernie sanders. but losing jobs here is big. i think hillary clinton has a real kind of stumbling block to overcome there. >> all right, kevin raider from wthr. good chat. thank you so much for joining us. >> thanks for having

. >> the irs is currently in the process of purchasing an additional stingray unit, additional technologyat the cost of several thousand dollars. do you believe that's in the best interest of the taxpayers? >> i don't know that i have enough information to answer that question. i need to know who is going to use it and what are the protections for using it. i don't have the knowledge about that. >> if it were available to anyone on the civil side of the irs as opposed to the criminal side and due process protection and court orders. >> let me ask the question this way. >> of the hundred and 12 recommendations that gao made to any of those 113 recommendations encourage the irs to purchase an additional stingray technology unit question and. >> not that i know. >> that's my understanding to. >> but would you potentially agree with me that it infringes on the taxpayers you're supposed to be advocating for. it infringes on their most fundamental liberty. >> i have a lot of concerns about the use. >> thank you. >> the chair recognizes the gentlewoman from new york. >> thank you. the irs is dev

earnings like united technology, boeing, verizon. those shares -- at&t is the one out with earnings. that index a limit higher. let's focus on the nasdaq as the underperformer. in april it turned higher at one point for the month. it was getting closer to a -- the racing is the client for the year to date. that now is gone. we've had a number of high profile, big tex disappointments. the worst percentage performers and the nasdaq 100 include apple, the company coming out with the sales decline for the first time in 13 years. this year is down 6%. activision and all trying arts also following. ve, a spinoff from liberty media. it is been steadily declining. the record happened -- of the team happens to be 4-16. atr to date now if you look the major averages, the nasdaq is a little more deeply in the red even as the dow and the s&p hang on to their gains. tracy: in just two hours we have the decision from the fed. what are we seeing ahead of that? julie: something from the atlanta fed called gdp now. it's almost a real-time gdp. forwar

the trumps and the others to try to divide us up, if we stand together, not only can we stop united technologies from throwing thousands of indianans out on the street, week tra we can transform this country. >> reporter: sanders will campaign all over indiana tomorrow and monday. hillary clinton won't be too far away, attending a fund-raiser and naacp dinner in michigan. >> thanks. as we take a look at the numbers now, hillary clinton strengthened her commanding delegate lead over bernie sanders on tuesday. she won four out of five northeastern states. in that important super delegate tally, remember, the super delegates are delegates who can support whomever they choose and they can change their mind, clinton, 520 compared to sanders at just 39 super delegates. the two square off again tuesday in indiana. 83 democratic delegates at stake, nine super delegates come out of indiana. the latest fox news poll show clinton now with a narrow four-point lead over sanders. >>> the hoosier state may not be so used to the spotlight during primary elections. indiana is usually a footnote on the path to th

i'm looking at united technologies well above where they did where honeywell did that.k at freeport and say what does it take to stop that stock. >> has weak dollar stuff too. >> weak dollar. >> got to be. and talk to ed garden yesterday of trian, going to be talking even more about ge, that's what he went to. because that multiple that gets your attention. 20 times. come on. >> it was a 13 multiple when they bought that stock, 14. >> i don't think you can expect much expansion from here, jim, unless somehow -- >> you're going to have earnings expansion. >> and they get to the 16% margin target that they're talking about. >> couldn't agree more. but i just think this rush into those companies -- now, the marring number today will be boeing. and the note that i saw on boeing today struck fear into my heart. the bank of america-merrill disappointing cash earnings from 787, $29 billion problem. they can't make the $30 million per plane, maybe $16 million. that caught my eye as something that didn't fit the thesis of big industrial manufacturers doing well. it's out of sync

narrative is changing, united technology is up 26 points where honeywell trying to buy it on a hostile says people want that group. and they don't seem deterred -- watch illinois tool works. >> that narrative has changed over the last two months. rick santelli at the bond pits at the cme group in chicago has a narrative of his own to watch and talk about today. >> absolutely. thanks, judge. you know, fixed income markets, especially the sovereigns whether you're looking at the bunds or the treasuries, the really in ranges a very compressed range, much of that range has been established for years, weak economic output around the globe. much less domestic, but we keep bucking up against it. if you look at a one-week chart of tens you'll see what i mean. let's keep an eye on exactly how the bigger picture looks. let's open the chart up to march 1st. not a lot of action, but notice the pattern. now let's go to the bunds, which i mentioned earlier. even though they're only trading around 17, 18 basis points right now, if you look at their march 1st chart, the pattern's a little more aggress

mcdonald's and united technologies. if you own those, you're doing all right.wn 3.3%. verizon, jpmorgan chase and apple down more than 2%. the biggest s&p 500 drags are those names. free port mcmoran, car max, f5 networks, long day. >> it is a lip balm. >> if people are tuning in, i sliced my lip open. this made for an interesting first hour of "squawk box". >> procter & gamble's mach 3 razor blades are sharp. >> earnings and sales beat wall street forecasts. the company says it will start paying a dividend. it is higher by .4%. ionis pharmaceuticas is falling. that stock is down by 9%. and lexmark is rising today. the printermaker is in talks to be bought by a chinese company. that's higher by almost 3%. >>> we'll focus in on the consumer staples sector. on a day like today, maybe seek safe haven consumer staples. the second best performing sector month to date, third best year to date, is there more room to run? or has it become too expensive? peter townsend is overweight the sector. kevin karen, he likes it, but he's a bit more cautious, worried about the va

chairman, do any of those 113 recommendations encourage the irs to purchase an additional stingray technology unit? >> not that know of. >> yeah, that's my understanding too. so, but, potentially, potentially you would agree with me that the stingray technology infringes on the very taxpayers you're supposed to be advocating for? it infringes on potentially their most fundamental liberties? >> i have a lot of concerns about its use. i share your concerns. >> thank you. thank you, mr. chairman. >> i thank the gentleman. the chair recognizes the gentlewoman from new york, miss maloney. >> thank you, mr. chairman, thanks to the panelists and thanks to the ranking member. the irs is developing the taxpayer experience of the future, virtual taxpayer assistance through individual online accounts that will replace the personal interaction for digital-savvy taxpayers. miss olson you write in your report this plan has been driven by a really important consideration and that is the lack of appropriate funding and continue all cutbacks to the operations of the irs. in your opinion, does the plan have the pot

chairman, do any of those 113 recommendations encourage the irs to purchase an additional stingray technology unit? >> not that i know of. >> yeah, that's my understanding too. but potentially, at least potentially you would agree with me that the stingray technology infringes on the very taxpayers you're supposed to be advocating for, infringes upon potentially their most fundamental liberties. >> i share your concerns. >> thank you, mr. chairman. >> i thank the gentleman. the chair recognizes the gentlewoman from new york, ms. maloney. >> thank you, mr. chairman. thank you, all of the panelists, and thank you to the ranking member. the irs is developing the taxpayer of the future of virtual taxpayer assistant through virtual online accounts will replace the personal interaction for digital-savvy taxpayers. so, ms. olson, you write in your report that this plan has been driven by a really important consideration, and that is the lack of appropriate funding and continual cutbacks to the operations of the irs. in your opinion, does the plan have the potential for making the agency more efficient in

united technologies and j & j. j&j again all time highs.bama just wrapping up a two-hour meeting with the king of saudi arabia and as we reported last hour, the ranking member of the house intelligence committee says we should declassify those 28 pages in the 9/11 report. ashley: we're talking about democratic congressman adam schiff. he said in part releasing the redacted 28 pages of this earlier report with any redactions necessary to protect intelligence sources and members, would help address speculation that these 28 pages provide proof that a saudi government or saudi involvement in the 9/11 attacks. let's have some transparency and have a look. stuart: let's see it all. here is donald trump addressing the new york crowd after his very decisive win last night. >> even though we're leading by a lot and we can't be caught, impossible to catch us, nobody should take delegates and claim victory unless they get those delegates with voters and voting. and that's what's going to happen, and you watch, because the people aren't going to stand

technology. mr. weitzner previously served as united states technological officer for internet policy in the white house. we thank him for being with us today and look forward to learning from his expertise. i want to thank all of our witnesses for being here and look forward to the discussion. as we begin, you're aware this commit is holding an investigative hearing. when doing so has had the practice of taking testimony under oath. do any of you have objection to testifying under oath? seeing none, the chair advises you under the ruse of the house and rules of the committee you're entitled to be advised by counsel. do any of you desire to be represented or advised by counsel during your testimony today. seeing none, in that case full rise and raise your right-hand, i will swear you in. do you swear that the testimony you're about to give is the truth, the whole truth, and nothing but the truth? thank you. you're now under oath and subject to penalties in title 18-1001 of the code. you now have a five-minute summary -- each of you may give a five-minute summary of your written statement starting with m

madam secretary, we proudly give 702 of our delegate votes to the next president of the united states. >> technology and law enforcement professionals testified about the use of encryption technology. amy hess said without access to encrypted data on smartphones they cannot investigate crimes to the best of their to build a. technology industry experts explain encryption is critical to our national security. the house energy and commerce committee held at this hearing earlier this week. >> good morning and welcome to the oversight investigation subcommittee hearing on debate over encryption industry a law-enforcement. before i start i want to let witnesses of people with multiple hearings going on today. tomorrow a hearing as well so you will see people coming and going. especially to witness so you don't think it's chaos, members trying to jump a lot of things. it is chaos, okay. corrected. we are meeting today to consider a deceptively complex question should the government have the ability to lawfully access encrypted technology and communications. this is a question at the center of a heated pub

the computer analysis and technology unit worked to catch them.ll suspects arrested over the past several months. investigators say the videos they viewed are horrific. >> these videos showed very young children, um, being coerced into performing sexual acts on themselves or others including child rape. they're truly vile. >> reporter: it is so so disturbing none of the children on these videos are residents of new jersey. investigators say but they say any time any child observed in this way they are rei victimized time and again. they want to send a clear imagine and crack down this time of crime. back to you, dawn. >> so sad, thank you karen. potentially dangerous conditions in your fox 29 weather authori authority. skyfox over pennsauken, new jersey, within the hour. that's where a brush fire is burning along the delaware river. you can see the huge flames and thick smoke there. so far there are no reports of injuries. we are waiting to hear from officials about just how the fire started. but experts say this weather certainly is not helping.

shock-absorbing technology developed in japan 20 years ago primarily used for making soccer balls >> the new medical center near city hall is under construction and the building is the first in the united states to use the technology which is basically especially designed walls filled with a rubbery compound. they're supposed to help a building with stand an earthquake they tested the new kind of wall. >> one of the things we wanted to see, would we break them? we wouldn't break them. >> anything that takes the energy and help it dissipate without it causing cracking is a good thing. >> now the walls are designed to allow the walls to move and the building to sway even in a violent jolt. the technology is subject to conditions that simulated a 7.9 earthquake and it passed every test. we could see this technology in buildings in the future. >>> all week, people are edge couraged to live eco friendly for earth day. >> my favorite r's, reduce, reuse, recycle, rot. the products we're about to highlight, some of this you might think, i have a chap stick, it's not just chap stick. >> if you notice, the b is missing, they did this on purpose. they have a movement going on with social media ca

they'll also include the joint development of new communications technologies and software that will be necessary in the future. the united states and germany are leading efforts to develop iot related technologies. japan hopes to catch up by joining hands with germany. >>> and now, let's check on markets. u.s. stock prices ended lower on a cautious tone ahead of a stream of earnings for the first quarter. the dow jones industrial average ending down just over .10%, with losses on the nasdaq, too, down just about 1/3 of a percent. ramin mellegard joins us from the tokyo stock exchange to tell us about what he is seeing here in tokyo. ramin, what can you tell us? >> as you said, the equities on a bit of a cautious tone here. we're seeing that for japanese stocks as well. let's not forget a persistently strong yen is really holding back some major moves as well. let's have a look at how the nikkei and the topix are kicking off this tuesday morning. april 12th. and actually, they were both trading a little bit in the negative, which is seeing a turn-around here for both the nikkei and topix. we'll see how that progresses. no

process protections and court of those 112 , do any of those to purchase anrs additional stingray technology unit? ms. olson: not that i know of. so it infringes on those very taxpayers you are supposed to advocating for. their most fundamental liberties. ms. olson: i share your concerns. chairman: the chair recognizes the gentleman from new york. maloney: the irs is developing the taxpayer experience of the future. a virtual taxpayer assistance through online accounts will replace the personal interaction for digital savvy taxpayers. bythis plan has been driven the lack of appropriate funding and continual cutbacks in the operations of the irs. opinion, does the plan have the potential for making the agency more efficient in saving money for the future? ms. olson: i personally don't think so. ms. maloney: if you were to move is itd with this program, necessary for congress to make a lot of contributions to the cost of it? olson: it will require some significant upfront costs. i couldn't give you an estimate right now. parts of it are in the president's budget proposal. because we have systems th

practical matter, they keep most of the actual business here in the united states because they benefit from american infrastructure and technology and rule of law. they benefit from our research and our development and our patents. they benefit from american workers who are the best in the world. but they effectively renounce their citizenship. they declare that they are based somewhere else thereby getting all the rewards of being an american company without fulfilling the responsibilities to pay their taxes the way everybody else is supposed to pay them. when companies exploit loopholes like this, it makes it harder to invest in the things that are going to keep america's economy going strong for future generations. it sticks the rest of us with the tab. and it makes hard working americans feel like the deck is stacked against them. so this is something that i have been pushing for a long time. since i became president, we have made our tax code fairer. we have taken steps to make sure our tax laws are enforced, including leading efforts to crack down on offshore evasion. i will say it gets tougher sometimes when the irs is st

another indication of in fear oert of soviet technology and they say they brought on the accident not taking the same safety precautions taken in the unitedreminded the soviets they couldn't play in the game of modern technology, they couldn't protect their own people and they couldn't hide it any more. >> gorbachev's biggest challenge was how to get the country moving again, and in order to do that, he needed to end the arms race, spend more money on improving living standards of ordinary people. for that he needed a relaxation of tension with the west. >> iceland? >> that's what i was here to tell you about. yeah. president gorbachev and i will - meet in iceland. meeting proposed by general secretary gorbachev and i accepted. >> no agreements at the meeting next week? >> i don't know. all we've agreed upon is we're having a meeting. >> gorbachev needs a show of progress overseas to boost his stature in moscow. the irony will be that when reagan, leader of the free world, meets gorbachev, the auto krat, it will be gorbachev that most needs the publicity back at home. (ricky gervais) verizon is the number one network in america. i know wh

ny may be unaware that the technology was invented in the united states. we led the world in manufacturing, construction, and in production. the jobs and the economic benefit of this growth stayed here at home for the most part. unfortunately this is no longer the case. many components are now only available for our international competitors. south koreans, japanese, now the chinese. while the united states continues to have more power plants than any other countries, china in particular are gaining quickly. at the same time our country's nuclear reactors are getting older and many will need to be replaced. some believe that our success story may be winding down. but i believe like a distance runner nuclear power in america is just getting its second wind. albert einstein used to say with adversity lies opportunity. he was right then and today. a lot has faced adversity. there appears to be a fair amount of opportunity now. if we are smart we will seize the day and begin to replace . r reactors with new ones if we're smart about it i foresee an opportunity

sales missed in both display technologies and optical communications units.shares are up and post market trading. and earnings per share of $.47. it doesn't mean ebay has managed of transitionde visitors. we are joined by an analyst where visitors and transactions this quarter were slightly up. >> ebay growing at a slower rate, it is a growth rate versus double-digit growth rate in the industry. what ebay is doing is focusing on the trend and trying to simplify products. this structure gives them the ability to beat expectations. what: if this continues, is the future of growth at ebay? >> they are still working on these changes of simplification under the structured data. it will take time. emily: it's been a year from the separation of paypal. what does the next year look like? >> two things. one is the focus on restructuring and how it is progressing and fighting against a lot of shoppers in the u.s.. program connects smaller sellers to these prime members. just focusing on their own strengths. we are simplifying it. we could probably focus more on profit.

technology. previously served the united states deputy chief technological officer in the white house. we thank you for being here with us today. 's i thank youthank you for being here and look forward to the discussion. >> you are aware this committee is holding an investigative hearing and doing so with the practice of taking testimony under oath. to any of you have objection to testify under oath? seeing none, thenone, the chair that advises you under the rules of the housing committee you're entitled to be advised by counsel. did any of you desire to be represented or advised by counsel during a testimony today? seeing none, in that case if you would please rise and raise your right hand i will spare you in. >> to use with a testimony you are about to give is the truth kemal truth, and nothing but the truth. 's in our five-minute summary. starting with mr. stool. >> better. great. thank you. we appreciate the opportunity to be part of the discussion. some of you might have a smart phone in your pocket right now. 's photo album, a wallet. the command central. many people use this mi

because they don't want safer gun technology in the united states because it undercuts their argumentink it's fair for hillary clinton to run her ad which is powerful, about what happened in sandy, with the terrible shooting up there and not run it in pennsylvania? >> i would run the ad. >> in pennsylvania? >> i would run it in pennsylvania, philadelphia. sure. it's the number one thing that the nra wants to make sure doesn't happen. >> if you're seen as anti-gun in pennsylvania, this goes back to joe clark when he lost in '68, you're dead in pennsylvania. >> we have republicans who supported universal background checks in pennsylvania. they're still holding office. let's not go too far. i know you know philadelphia better than i do. it's large percentage of the democratic vote on a primary day. you can talk about gun safety. no one wants to see a child kill their mother in walmart. >> it's so tough. it's a tough tight. >> it is tough. >> you're on the right side. i think it's a good fight. i look at the culture and it's always resistant to this. there's something in the country that'