. >> syracuse at villanova state yum next week. >>> virginia lost to north carolina 13-9 today, ending the season. first time they have won two games in a lacrosse ncaa tournament. >>> tonight is big for lamont peterson. if washington, dc's boxing champ can beat lucas matissea, he's first in line to fight danny garcia, and then the name floyd mayweather comes into play. i know it's a lot of maybes and ifs, but tonight is the first step to all of that. so he is going to face one of his stephest challenges of his career tonight, for sure. you may not know his opponent. let me explain. he hits hard! his last 10 fights have all been wins by stoppage. both hold titles in the junior welter weight division. peterson still feels he has something to prove. >> win over matisse, bring big and better fights. i look at me as me, danny garcia and lucas matisse are the best three. best fighters in the weight class and what better way to show that, going out and fighting one of the top guys? >> we shall see. >>> finally, we got the volvo match play championship tonight in bulgaria. this is pretty funn

they ask professors at villanova and harvard to explain it to them. those senators themselves wrote the tax law. this is not our first time at the tax rodeo. last time the very same committee asked questions of hewlett-packard. enough about taxes, lets talk about xbox. there's a new xbox brand-new through microsoft called xbox 1. it was just announced less than an hour ago. one of the new features it switches between xbox and cable and other sources automatically becoming your central hub. and will show you what your friends are watching on television or netflix and you can connect through video on skype. we'll have a lot more about the xbox tomorrow morning. back to you. >> pretty slick. scott, thanks so much. saratoga seems to have made a breakthrough that will have us cheering. the high school student created a super powered gizmo that will instantly charge your cell phone. the device delivers the charge more quickly and will last longer than the typical battery. it only takes 20 to 30 seconds to charge a phone. wow, she's smart. she entered the de

richard harvey from villanova university school of law and stephen ysaye from harvard law they both broke down apple's accounting strategies that it used to minimize its tax exposure and as we discovered the tools that apple is using are pretty clever. yes senator carl levin who's the chairman of the committee he had this to say about what apple is doing. with the holy grail of tax avoidance i'm sure corporations that are user not for tax purposes resident anywhere you need. so is he calling in the knights templar what's the solution for finding the holy grail or i guess overcoming it here well the offshore corporations that he's referring to they have no tax residence which is why he calls them ghost companies they literally exist nowhere so they don't exist anywhere but they must operate from somewhere or do something somewhere. a oh i was in the apple operations entered. soley owned by apple but it was incorporated in ireland now ireland has their tax laws are if a company is not managed and controlled in the higher line than is not considered a tax resident how does one have to pay ta

. >> caller: hey, water going on, jim, bill villanova university boo-yah. >> wildcat boo-yah. what a great time. i ready for my next college tour. it's up to regina. go ahead. >> caller: my question is carmax, two things, it is getting great from the standpoint. they are optimistic in terms of earnings. >> join that guy, downgraded, william blar. here's the skinny with this stock. it's still an inexpensive cost stock. i want to on it. dave in california. dave! >> caller: hirks jim, boo-yah from california. jim, i want to thank you again for all the educational work you did. you had a great segment on mlps last week. >> yes. >> caller: i know it's not right for retirement investor, like myself. but i have discovered there was a small family of egs and egns that focus on the olarrian index mlap. >> i don't know the fee structure with that one. that worried me. i do recommend lynnco, allen ceo is the one you don't have to have all the crazy forms for. that's the better one i know of. let's go to ed in ohio. ed! >> caller: oh, hi, jim. i want to talk about dominion resources. >> a

. >> we did a huge analysis, we did the college show at villanova.aid, what goes better with wings and the beer? i said let's do behind king, boston beer, we hated every one of them. we couldn't find a reason to own any of tell. so sell, sell, sell, that, ladies and gentlemen, is the conclusion of the lightning round. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. [ male announcer ] ok, here's the way the system works. let's say you pay your guy around 2% to manage your money. that's not much you think. except it's 2% every year. does that make a difference? search "cost of financial advisors" ouch. over time it really adds up. then go to e-trade and find out how much our advice costs. spoiler alert: it's low. really? yes, really. e-trade offers investment advice and guidance from dedicated, profession

congress has asked harvard and villanova professors to advise them during some of the tax testimony.hose professors are advising the people that wrote the tax law what the tax law says. apple has not been accused of any crime but playing this tax game so well, the congress is saying, maybe we should change the rules like baseball players taking advantage of the infield fly rule to win the world series. the umpires are sitting those baseball players down and saying, just what did you do right there? that unbelievably bad analogy in mind, let's bring in a relief pitcher. christie smith is live at cupertino with an update. good morning, kristy. >> reporter: the company they are saying doesn't use gimmicks. basically, apple pays all of its required taxes in the united states and abroad. apple released testimony that cook is going to be giving a little later in washington, d.c. according to one report, apple was basically able to avoid paying about $12.5 billion in u.s. taxes by having billions in profits and dividends from overseas operations made payable to apple's irish subsidiary. for

did a huge breakout analysis of bud trying to figure out honestly -- we did the college show in villanovas better with wings than beer? i said let's do heineken, bud, boston beer and we hated every one. >> sell, sell, sell. >> we couldn't find a reason to own any one of them. sell, sell, sell. that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. switch your car insurance to geico and we could help you save on boat and motorcycle insurance too. other insurance companies are green with envy. oh, no, no, no...i'm sorry, but this is all wrong? i would never say that. writer: well what would you say? gecko: well i'd probably emphasize the savings. ya know...lose that green with envy bit. rubbish. it's just a reference about my complexion. writer: but the focus groups thought that the... gecko: focus groups. geico doesn't use focus groups. uhh...excuse me. no one told me we were using focus groups. vo: geico. fifteen minutes could save you fifteen percent or more on car insurance. are proven to be effective pain relievers ty

did a huge breakout analysis of bud trying to figure out honestly -- we did the college show in villanovaat goes better with wings than beer? i said let's do heineken, bud, boston beer and we hated every one. >> sell, sell, sell. >> we couldn't find a reason to own any one of them. sell, sell, sell. that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. to prove to you that aleve is the better choice for him, he's agreed to give it up. that's today? [

professor richard harvey from villanova university school of law villenova pennsylvania. visser stephen stephen shay of harvard law school in cambridge. we appreciate both of you being with us this morning. professor shay i would like to welcome you back. you testified at a previous hearing on this matter in september of last year and professor harvey we welcome into the subcommittee. we appreciate both of you sharing your legal and tax expertise today. we look forward to your testimony and your perspective on offshore profits shifting. pursuant to rule six witnesses who testified before the subcommittee are required to be sworn. at this time i would ask you both to please stand, raise your right hand. do you swear the testimony you're about to give to the subcommittee will be the truth the whole truth and nothing but the true so help you god? we will use a timing system today. please be aware that one 11 minute before the red light comes on you're going to see the lights change from green to yellow giving you an opportunity to conclude your remarks. while your written te

. >> phillip, graduate of villanova. masters at the university of virginia served in the fbi and the cia. the author of the book, "take of the facts are on the table including your family's genealogy. doctors -- >> don't go there. >> going to for a moment. >> dr. samuel mudd, infamous assassination of abraham lincoln in 1865. i'm only uel mudd, more than joking, almost prevented me from getting in the cia. i didn't realize what a lack of are aer human politian ifs have. when grow in in 1984, you don't know much about them. coming in the room being a tupid 23 or 24-year-old, it should be amusing because i come rom a family of convicted felons. this is a stupid kid out of grad school. he looked at me god love her and said, what do you mean? i spent the next ten minutes hole g myself out of that explaining i was joking and this goes back to the civil war-era. great, great grandfather. she was not -- she did not find this particularly humorous. >> mobile, alabama with philip mudd joining umemphis. blake, good morning. mornin