weiss supporters even defend golden parachutes like the $20 million payment that weiss will receive, lazard to take his government job. why? they say it is an important tool in making sure that wall street executives will continue to be willing to run government policymaking. now, if that sounds ridiculous to you, you are not alone. , a republican, and former head of the fdic, responded that only in the wonderland of wall street logic could one argue that this looks like anything other than a bribe. , we want people entering public service because they want to serve the public. frankly, if they need a $20 million incentive, i would rather they stay away. why does the revolving door matter? well, because it means that too much of the time, the wind blows from the same direction. ,ime after time in government the wall street view prevails. and time after time, conflicting views are crowded out. consider the deregulation of the banking industry in the 1980's and 1990's, followed by the no strings attached bank bailout in the aftermath of the 2008 financial crisis. and most recently, the

in fact, weiss supporters even defend the golden parachutes like the $20 million payment that weiss will receive from lazard to take this government job. why? they say it is an important tool in making sure that wall street executives will continue to be willing to run government policy making. >> she's really hitting at the very thing you have been writing about, talking about, and advocating. but nothing is going to change, as you yourself have said and written, unless the grip of the moneyed interest on our parties and on democracy is broken? how can you fight that much power, that much money? >> you have to run primary campaigns, cheap primary campaigns against incumbents, like the tea party, in the democratic party, like the tea party does against incumbent republicans. you've got to actually take political action and present candidates with an alternative point of view. but you also have to go to fostoria and then come back and tell me and tell your colleagues that their town is falling apart, they can't send their kids to school anymore, they've got to work in a fast food place. d

professor weiss, is there an evolving tool kit for responding to these crie crises? you've got people out out of their homes across the world today. >> the only tool kit is a u.n. system and a large number of ngos, probably 2500 of them including 20 major ones that come to the rescue. there is nothing coherent or coordinated about that approach. that is one of the major humanitarian problems. but we also don't have a way to do anything with the 50 or 55 million people who are displaced internally or as refugees. so our tool kit is sorely lack. >> stephen taravelle, you can imagine a situation where you can get so good at keeping people alive where they're not supposed to be that we sort of lose the thread that getting them home is really, really important . >> no, getting them home is essential and that's why we work with many other agencies to try to accomplish that. but there has to be a sense of strong political will here, ray, to accomplish that. it's not just about donations. it's about the parties that are warring, to bring those conflicts to an end so people c

in fact, weiss supporters even defend the golden parachutes like the $20 million payment that weiss will receive from lazard to take this government job. why? they say it is an important tool in making sure that wall street executives will continue to be willing to run government policy making. >> she's really hitting at the very thing you have been writing about, talking about, and advocating. but nothing is going to change, as you yourself have said and written, unless the grip of the moneyed interest on our parties and on democracy is broken? how can you fight that much power, that much money? >> you have to run primary campaigns, cheap primary campaigns against incumbents, like the tea party, in the democratic party, like the tea party does against incumbent republicans. you've got to actually take political action and present candidates with an alternative point of view. but you also have to go to fostoria and then come back and tell me and tell your colleagues that their town is falling apart, they can't send their kids to school anymore, they've got to work in a fast food place. d

this man you're seeing is antonio weiss. he became obama's pick to become the top official for domestic financial issues. weiss is a wall street guy. he's an investment banker. he's the guy that white house wants for this job. obama has had trouble throughout his presidency getting republican support for his nominees. this time, when it comes to the treasure department job, the opposition is coming from democrats. and i wanted'st's elizabeth war writing in an op ed against this financial background and high lighting 20 years as an executive financial firm that specializes in something called corporate inveterans administration. that's when a u.s. company relocates to another country, mainly to avoid u.s. tax e taxes. it's practice that president obama has called aept-american. bernie sanders has now said that he will not vote for weiss. now, senator al franken of minnesota says that he will vote arguing that weiss's ties to wall street making the wrong fit for a job that is mostly about implementing wall street reform. foxes

weiss." these professors are right.orked at treasury and i know how critical this position is to financial regulation issues. despite what some of weiss's supporters have said, the job isn't just to handle the u.s. treasuries to foreign investors, and even if it were, weiss is a corporate dealmaker not a bond trader. one professor makes another good point. "the shock of mr.ln$֖ weiss's supporters that anyone would dare question his suitability reflects an unspoken assumption that anyone from wall street is of course expert in all things financial." that is hooey. i agree. we would all scratch our heads isf the president nominated a theoretical physicist to be the surgeon general because she had a background in science. it is no less puzzling for the president to nominate a national merger specialist to handle largely domestic economic issues at treasury because he has a background in finance. second, weiss's supporters say that burger king isn't a 4

in fact, weiss suppporters even defend the golden parachutes like the $20 million payment that weiss will receive from lazard for taking this government job. they say it is an important tool in making sure that wall street executives will continue to be willing to run government policymaking. if that sounds ridiculous to you, you are not alone. sheila bair, a republican, and former head of the fdic responded that "only in the wonderland of wall street logic could one argue that this looks like anything other than a bribe." she went on, "we want people entering public service because they want to serve the public. frankly, if they need a $20 million incentive, i would rather they stay away." why does the revolving door matter? because it means that too much of the time, the wind blows from the same direction. time after time in government, the wall street view prevails, and time after time, conflicting views are crowded out. consider the deregulation of the banking industry in the 1980's and 1990's. followed by a no strings attached bank bailout in the aftermath of the 2008 financial

weiss." these professors are right. i worked at treasury and i know how critical this position is to financial regulation issues. despite what some of weiss's supporters have said, the job isn't just to handle the u.s. treasuries to foreign investors, and even if it were, weiss is a corporate dealmaker not a bond trader. one professor makes another good point. shock of mr. weiss's supporters that anyone would dare question his suitability reflects an unspoken assumption that anyone from wall street is of course expert in all things financial." hooey.s wh i agree. we would all scratch our heads the president nominated a theoretical physicist to be the surgeon general because she had a background in science. is no less puzzling for the president to nominate a national merger specialist to handle largely domestic economic issues at treasury because he has a background in finance. nd, weiss's supporters say that burger king isn't a "classic" inversion deal. so when burger king moved to canada and a deal that would lower its

weiss's boss, if he is confirmed, and she will be driving the regulatory train. that makes me feel a little better about. this >> here is one thing, jerry, my impression from afar watching elizabeth warren in this, also interested in making a statement and having the democratic party make a statement that a democratic party that's had such a close relationship with wall street and wall street that caused so much pain in people's lives the last decade, using this as an opportunity to tell people, you know what, we are looking away from wall street for a change. suspect there an argument to be made for doing it symbolically? >> it is a great argument. half of my article was completely underscoring that argument. let me tell you something from the inside that i think is very important and really isn't part of that argument. when i worked for the obama administration as an economist and we were trying to craft dodd frank and dealing with the recession and recovery act, the folks on the other side of my progressive/warn/lenore kind of arguments were not necessarily pe

weiss on small caps. last week i flagged this technical breakout above 1200 on the russell which really was about a year in the making, brian. this was an index that bumped up against 1200 three times over the prior 12 months, could not get through, momentum building. these stocks basically sat the year out, consolidated after as massive 2013 and look like they want to take the baton. it would make perfect sense if that were to be the case heading into 2015. seasonally speaking the russell tends to do better than large caps also. i like that idea of his and believe european valuations are worth the buy. i know all the bad news, i understand greece, but i think the market understands that as well. these stocks are cheap, these stocks should do much better going forward. >> yeah. mike, you and i are journalists not market analysts. nobody cares about our opinion but let's give it anyway. one of my predictions, i'm going to do it on the 2:00 p.m. eastern time show, the dow up next year. i think the economy w

weiss has the right experience to take on such a role. it is clear that as the global head of investment banking at lazard, mr. weiss is very talented and experienced in working in financial markets and economic institutions. but as an investment banker on wall street, he does not have the experience for this particular oversight position. he has dealt most -- almost entirely with european investment banking matters, not domestic finance or community banking or regulatory issues of any kind, all of which falls under the jurisdiction of this important position. and besides, not having this right background for the job, the fact that mr. weiss is a top corporate deal maker with a specialization in international finances is in itself troubling to me. he has spent a good deal of his professional career working on mergers and acquisitions for the world's largest corporations and he has spent time in paris running the european division. there's not a thing wrong with that. but this fits the administrati administration's position of choosing ins

weiss fits that bill, i do not know. baker -- dean baker.e will be back. ♪ >> welcome back to "market makers." erik schatzker is off. we brought in a special cohost, bill cohen. before we get into more time together -- >> special holiday time. >> the top global business stories of the morning. a huge read on gdp as we head into the new year. third-quarter growth was revised up to 5%. that was higher than the top economist estimate and is the fastest growth we have seen since 2003. one economist tells us the fed probably will not make too much out of this single data point. >> the fed is looking at a longer-term trend. they will not base monetary policy on one quarter past data alone. given the weakness we are expecting to translate into fourth-quarter gdp, around 2% gdp rate, that leaves 2014 at an annual pace of just above 2%. on par with what we have seen the past several years. not to take away from what we've seen in terms of growth, but looking at that on a longer-term trend, leading us in the range of growth we have seen for some time.

the starting line for the day, steven weiss, jim laventhal. and jon najarian, sira tetee and dayna tellsy. the plan looks like this. who shopped? who dropped? the best and worst from holiday retail and what to keep in the bag after the season is long over. and the best of bubbly. the man crowned the top sommelier in the world. a move stocks higher yet again today. the dow coming off a strongest six day run in four years and setting up for a strong push into 2014. can the record breaking rally keep going or is santa simply stealing next year's cheer? >> six sectors setting new or all time highs. the russell's first high since july. the rally being confirmed. >> true. a global liquidity event. china coming in and saying hey you can loan more money out and you can even lend against deposits that securities firms have with you. i'm not so sure china is okay but the market is doing great. you also have what is going to happen in europe with draghi on the 22nd. if that doesn't happen the market is very susceptible and u.s., you are still in an easin

pam moore>>: they are calling for officer philip weiss to be fired. why eat a 20 year veteran of the department apartment. (vo) nourished. rescued. protected. given new hope. during the subaru "share the love" event, subaru owners feel it, too. because when you take home a new subaru, we donate 250 dollars to helping those in need. we'll have given 50 million dollars over seven years. love. it's what makes a subaru, a subaru. female announcer: sleep train's ends sunday.e for 3 event! it's your last chance to get three years interest-free financing on beautyrest black, stearns & foster, serta icomfort, even tempur-pedic. plus, get free delivery, and sleep train's 100-day low price guarantee. but hurry! sleep train's interest free for 3 event ends sunday. ...guaranteed! ♪ sleep train ♪ your ticket to a better night's sleep ♪ pam moore>>: people say they've it identified the one hand the broke into their office using tender. she cleared out this entire building. she got 11 computers and tablets from us. she kept coming back. david peterson is the cofound

steve weiss. wti falling yet again.he market is falling as a result. 60% of the s&p energy stocks are down more than 30 percent since june. that is going to wreck the rally. >> i don't think it should. if you take a look at what's driven the market it's been healthcare and utilities. it hasn't been energied energy peaked in june. thinkty market's really got accustomed. particularly with the statement wes just heard carl talk about. that it's not economically driven the weakness. it's driven by saudi arabia and opec trying to gain back share and make it unprofitable for the u.s. providers. going back to the markets and the rally in december, i look back over the last ten years. the s&p has been pretty steady about 70% of the time. lots of divergence. the russell, nasdaq and the dow haven't had great decembers and it's followed into actually january. so i'd be careful. play the s&p if you play a rally. >> i asked yesterday, if oil cannot stabilize k you possibly have a santa claus rally into the end of the year? >> well s

josh brown, mike murphy, stephen weiss, and pete najarian. our game plan looks like this. three stocks to pop. aerial investments, chairman and ceo john rogers on winners to own in 2015. under the apple tree. the surprising results from cnbc's all america survey about who plans to give what this season. a second straight day of sharp selling on wall street. and a around the world the chinese marketing seeing its worst in five years. and more pressure. there is a look at the major averages. the dow jones industrial average is down 168 points. >> this is not unusual. when you go through the major psychological levels you usually don't go straight through. you pull back before you resume the assent. so i still like the market. but we do have the global growth concerns. greece wasn't a good story. china we've sort of been misled. it was more technically driven by accounts opened up there. so those are the worries about the global growth. having said that the u.s. economy is in phenomenal shape. and i'm not worried. it is going to be a much more volatile year but guess what, he

also joining us from cornell university is tony ingraffea is professor emeritus and weiss presidentialeaching fellow at cornell university. he's also the president of physicians, scientists, and engineers for healthy energy, inc. we welcome you both to democracy now! this is a major decision. sandra, can you talk about how this happened? the governor announced it, but what was the pressure taught -- brought on the governor? >> that is a tale that could be told as an opera. we had the good fortune of having a member -- moratorium in place through the previous governor and i will let tony telling details on how that came to be, but because we push the pause button, it gave those of us in the scientific community a chance to look at the data and the research and what it showed, and we started with only a handful of studies. there were only six studies since 2008 when we had the first moratorium declared. now there are 414 studies and counting. so, it was like we had pieces of a jigsaw puzzle. ofn you only had a couple pieces and you try to see what the picture is, it is hard to see. we sa

stephen weiss, josh brown, and jon and pete najarian are the co-founders of option monster. steve brasso on the floor of the new york city stock exchange and paul richard is at ubs. good to see everybody. our game plan looks like this. oil shock. we're live on the ground in the permian for the real story how the nation's biggest crude companies are coping. and the serving up stocks. on the pro tennis tour and managing millions in the markets. we begin with this incredible week for stocks. s&p 500 up 4 and a half percent in just two days. as the dow moves within shouting distance of 18,000, is this really sustainable through the end of the year? the s&p steve is up 8 of the past 9 weeks. just coming off the biggest one day gain for the dow in three years. are we overdoing it here? fed to the rescue? that tells the story what set the market in motion a couple days ago. >> did you stay at marriott last night to get that paper? >> we have ways of getting these things. >> obviously the momentum of the last two days is not sustainable but is an upward market sustainable? yes. i wo

. >> at it's worst it costs julie weiss $76 to fill up her vehicles wagon. not today. >> i have to check actually. 48, much better. very good. >> prices have plumated. 38 cents on average in california and that's since mid october. golden state is leading the price drop nationwide. >> one big reason for relief is oil prices have been steadily falling for months. still the oil car tell decided not to lower supply sending a barrel of crude below $70. david has his hunch to stay the course and not decrease the world's oil supply is purely political. >> their way of telling the world they don't care for the oil frackers and they don't care for put everyone and they are sending a message and it's a good message. i support it. >> whether you agree with the message or not gas prices look to be staying low during the holidays and that gives many drivers much deserved cheer. >> this is good at the holiday time. >> we have to hope it keeps up. >> that would be awesome. >> in berkley mark telly. >>> today we should back off from the wet weather for the most part after

you can see this playing out in the controversy over the weiss nomination. you have a lot of good people, very good people in this administration. but the commitment to the reform, the speed with which these reforms have gotten done, the way they've been implemented, they haven't been simple. i do think you have disproportionately people running the economic policy and rig story and financial policy that still have a somewhat wall street centric view. the american banker had a really good piece this morning about the overwhelming number of people who were part of the reuben economic team, how they have populated this administration. again, they're good people. but they have a particular view point that i think is somewhat of an echo chamber. the hard-charging folks who want to get this done, get the pain over with, get the rules in place and get the system stabilized you haven't seen for the most part that kind of commitment and resolve. yes, now we are at peril because the public is losing interest, they're getting cynical, the government is never going to

overnight, the hackers sent another e-mail telling sony it was, "very weiss to cancel "the interview," "but warning in broken english, "we want you never let the movie released," or else they will expose more of the data stole. "we ensure the purity of your data as long as you make no more trouble." u.s. corporations, as well as government agencies, get hacked every day. but the f.b.i. said the destructive nature of this attack, coupled with its coercive nature, sets it apart from anything that's happened before. anthony. >> mason: david martin at the pentagon. thank you, david. producing "the interview," which lampoons kim jong un, angered north korea. john blackstone tells us shelfing it has angered hollywood stars. >> reporter: george clooney said he spent a week trying to get entertainment industry power brokers to sign his petition supporting sony. he claimed that all refused. at the red carpet at an awards show last night, michael keaton and kisa kudrow, noted the danger does not stop in hollywood. >> oh, i don't think you need to be a celebrity to worry that someone's hacking i

weiss,uble for antonio running into democratic opposition.nators from the party including west virginia, new hampshire and minnesota turned against the nomination of weiss. role ofitical of his engineering tax lowering deals for u.s. companies. the house is set to pass a spending bill that will of her a shutdown of the federal government. lawmakers plan to approve a two day stopgap spending bill giving the senate until saturday to vote on the measure. it would rollback rules into protecting taxpayers from bank losses caused by derivative trades. on the spending bill and budget congress is in session and a scarlet mentioned sausage is being made. senate republicans are ordering new curtains in their minutes of spare time and all of washington should consider options for reducing the debt from 2015 to 2024. peter or zag is one of the true experts on the glide path of the debt and deficit. he is with citigroup, i look where we are and the consensus thing is yeah but. in 2017 a gets worse. does it? officials where the ejection success will happen

weiss co-authored a report called "reforming our tax system and reducing our deficit." mr. weiss shares the president's view that we would benefit significantly from reforming and simplifying our tax code and implementing policies that help boost economic growth while supporting our middle class. that includes, by the way, eliminating the inversion loophole that allows some large corporations to renounce -- essentially renounce its citizenship just so they can get away without paying their fair share of taxes. mr. weiss has a lot of experience, has knowledge that would be critically important to the successful conduct of the responsibilities of somebody who's going to serve as the undersecretary of the treasury for domestic finance. that's why we're counting on the congress to take quick action and confirm him in bipartisan fashion. >> anything troubling from this administration about the [inaudible] i mean, those compensation packages are designed to keep people in the private sector so they don't jump from company to company. now he's coming into government, he would not

world champions kimmie meissner and todd eldredge, united states champions ryan bradley, michael weissd alissa czisny. the husband-and-wife team of elena leonova and andrei khvalko. olympic gold medalists ilia kulik and brian boitano will spread their holiday cheer alongside the music of mannheim steamroller. welcome to "pandora unforgettable holiday moments on ice." "pandora unforgettable holiday moments on ice" is brought to you by... [ cheers and applause ] >> welcome to the jacksonville veterans memorial arena in jacksonville, florida, and

steven weiss is the managing partner of short hills capital. jim lebenthal.n is in chicago for us today. and paul richards is here today. and domonic chu is with us as well for the hour. >>

and it doesn't happen without the winter weiss foundation. >> keep being a hero. at risk kids and take them into risk takers. >> amy is the founder. >> i just know we are able to reach a lot of children that normally wouldn't be able to have a holiday experience app they are able to have one here. >> reporter: speaking of a lot of children, 300 tonight. 300 the benefit of all of this. wow. that is something. >> yeah, we sponsor 300 children from different bay area charities to be here and we have people who write letters to us and different organizations that reach out to us throughout the year trying to see if their kids can be a part of our event in the fall. >> reporter: celebrities from the bay area sports world came and donated their time. >> what has this off season been like for you man? >> a whole lot of this. having fun. trying to relax and enjoy it. >> all right, thank you. >> you're welcome. >> getting ready for next year now. >> when ever you get blessed to do what you love to do, you want to give back. especially to our kids. an expression in the holi

business weiss and tax weiss. >>> we were taxing them before now if we may start, it will be more money make in the past. these oil companies they are making money, aren't they? >> they are. there's a certain price per barrel. 60 bucks a barrel. once you get below that, it becomes unprofitable for them to generate. begun, all those taxes levied was a big election last november. again, that's now we're heading into this new year that was the big part of the plan to sure up the state's finances. definitely is an issue. we're enjoying lower gas prices at the pump and helps consume mr. spenting all that good stuff just from a deficit issue from a statewide issue, you know, it could reverberate back on us. we have to keep an eye on us. >> how about people who live in new jersey and delaware. we don't worry about low gas prices. good news fours. >>> this is trout at the same time but there are a lot of ancillary industries in new jersey and delaware that benefit from the oil industry. refining done in both states, transportation, rail operations, there's inn direct businesses, that all are im

that tells how the weiss, who were promised in the constitution, and were finally codified in the bill of rights. it will allow visitors in the gallery and online across the world to click on the bill of rights and follow the spread of that liberty to constitutions around the world. the new gallery and exhibit will be the focal point at the national constitution center, online, and around the country. i'm pleased to announce today that we have just been awarded a three_year grant to promote constitutional education. they are here with us tonight, and we are so grateful for the generosity and patriotism. [applause] i am also thrilled to announce that in partnership with the council board, the national constitution center will create the best interactive center on the web. we'll have explanatory materials. it will be supervised by an advisory board, cochaired by the founders of the federalist society and the american constitutional society. we will also convene scholars and citizens from all walks of life. the podcasts are building a wonderful national audience. as america's town hall, a

steven weiss is the managing partner of short hills capital. jim lebenthal. jon najarian is in chicago for us today. and paul richards is here today. and domonic chu is with us as well for the hour. >> our game plan today looks like this. fight to the finish with only hours to go now in our playbook playoffs, the race for traders of the year is tighter than ever. who will win? and who will lose by a nose? hot ipos the big names to watch in 2015 from an investor on the front lines of the dotcom bust. another great year for stocks. s&p heads into 2015 on a high. but if the recent past is an indication, the new year could get off to a rocky start. a steep slide a year ago and we ask is history about to repeat itself? steve, what do you think? a many similarities. mike santelli points out a number for us today. and in january you had about 6% pullback pretty quickly. >> it was pretty big. part of it was occasioned by the fact people had so many gains they didn't want to book them in 2013 so they waited till the earliest opportunity for 2014 which is january so yo

josh brown, mike murphy, stephen weiss, and pete najarian. our game plan looks like this.op. aerial investments, chairman and ceo john rogers on winners to own in 2015. under the apple tree. the surprising results from cnbc's all america survey

i think he's kind of again, this is not good news for him. >> brian weiss, the report from brian thompson former christie staff members, current and former port authority members. we've talked on the show and people who follow this know the names of the principle characters, bridget kelly, bill baroni. if you're representing one of those palestinian players in a story like this comes out in the news, what is reyour reaction to it? >> i was shocked to see that as many as half a dozen indictments were in the pipeline, steve. we know who the usual suspects are, the names you just alluded to, that great flow chart that you had long ago as a year ago in december when the story first broke. if i'm representing one of the target defendants, i want to know if it's too late for me to get paul fishman on his cell phone over the weekend to see what we can do about cutting a deal. the problem is my good friend paul pointed out, there are little fish and big fish. and as anybody who has watched an episode of "law and order" recognizes, the first people to the courthouse to get paul fishman on the cell

. >> gave me opportunity to see my children grow, and my grand kids -- >> george and i have weiss bondedher of three. >> cynthia wanted sipo's life to count for something, she saved so many people. >> one person can save to up eight lives, and enhance 50 more. last year, gift of life coordinated 1,228 organ transplant locally, from 447 donors, the highest number of organ donors ever. >> for george, who is 72 now, still gets choke up when he thinks about his second chance, which for cynthia is another reminder of her son. >> at the family house for families every transplant patient, they share a simple message of giving and living. >> this heart doesn't know anything as far as what religion, nationality, what color you are. the only thing this heart knows is red, red blood. >> heart donation increasing in our area, but still shortage with more than 6300 people, currently waiting for transplants locally, nationally, the number is 123,000. we have more information on gift of life, cbsphilly.com. click health. i'm stephanie stahl, cbs 3, "eyewitness news". >>> incredible story, winter arrive

just before halloween dave's weiss peggy was walking the dog around the block. >> she walked around theran hat on the back of my car. >> it was amazing to find -- to find out that we were so close. our lives particle led each other almost exactly. i mean we moved into the same neighborhood. >> reporter: in fact their christmas trees are so close you can see roger's here then clearly see dave's from the same vantage point. their kinship rekindled. how did they not know for the past 18 years? >> when i tell my friends the story they say, don't you talk to your neighbors? i say, we know our neighbors. as a matter of fact everybody on the street we have club and block parties and those kind of clubs but behind you and cattycorner and it's a little over grown in the summertime and with the trees and the bushes, you really don't get to know that side of the fence. >> i made a trip to washington, look on the wall and didn't see his name, praise the lord. and so it was -- i was overjoyed to fine out that he was so close close. >> that was ron savage reporting. an absolutely amazing story. they

joining me is jeff weiss and les abend a 777 captain. gentlemen thank you for offering your insight and expertise. les you made a good comment compare the two because we hope to learn some lessons so that these families feel like they are getting answers and that their loved ones aren't gone in vein. what do you think was the number one lesson learned from mh-370 that we can apply to this situation? in this particular part of the globe where we lost mh-370 where it disappeared and still searching for it -- not every airline participates in this tracking system. >> what do you think, jeff? >> for me the really the big one and i hope in this case we don't see this kind of resistance on the part of the authorities to release information to be clear and transparent. airasia is known as a very well managed airline and already as you pointed out we've seen steps to be transparent, to disclose information. already we're starting to grapple with we saw what was apparently a leaked image of an air traffic control screen. i would love if the autho

she's trying to derail the nomination of an investment banker named antonio weiss for position at thereasury department. senator warren's arguing a wall street executive shouldn't turn around and start regulating wall street. republicans try to block nominees to score political points. this move is on actual policy. dana, there seems to be a false equivalence, linking warren's fight to the far right. >> in a superficial sense she's bucking the party establishment, the way a ted cruz bucks the party establishment, but she's not trying to throw sand in the gears here. she's stating her policy objection right up front here. i think for the democrats as a whole, it's unfortunate because they could be at this moment, exploiting the rifts that are naturally existing on the right in the republican party as they take over congress. it would be nice to see that the white house could get on the same page with elizabeth warren and could get some of that populist energy going and back away from being just the second major corporate party in american politics. but when you have these disputes out

. >> captain tim taylor jeff weiss, thank you so much.the national lead the flu outbreak spreading so quickly this season experts say it's reached an emdemmic level. why your flu shot may not be enough to keep you from getting sick and why one particular flu strain has become so dangerous. i take prilosec otc each morning for my frequent heartburn. because it gives me... zero heartburn! prilosec otc. the number 1 doctor-recommended frequent heartburn medicine for 9 straight years. one pill each morning. 24 hours. zero heartburn. >>> welcome back to "the lead." i'm jake tapper. the national lead. a deadly outbreak spreading quickly across the u.s. has been blamed for the deaths of 15 children it's the flu and the cdc announced it's officially an epidemic and while they have not been quarantined this flu strain is a serious concern for health professionals because it's not only dangerous, it's unpredictable. it's mutating. the centers for disease control reports widespread flu activity in 36 states and doctors say even if you got a flu shot

. >> reporter: philadelphia lawyer sal weiss is suing the airbag maker takata to change that m. replacement parts should be available now to fix what's moved to be a deadly problem. we know people have been killed. you call it a ticking time bomb. >> it is a time bomb. >> reporter: he represents nearly a dozen drivers and passengers who were either maimed or had family members killed when a takata-made airbag deployed and shot metal fragments into passengers. takata refused to accept the national highway transportation administration's call for a nationwide recall citing a lack of data. some carmakers such as honda, bmw, and toyota issued national recalls but are sending replacement parts to places with high humidity first. takata says humidity contributes to the malfunctioning airbags though some malfunctions have occurred in low-humidity areas. >> i couldn't possibly put anybody in the front seat. >> reporter: phil took his bmw to a southern california dealer when the government recalled his airbag. he said the dealer told him it would be months before his airbag could be repl

i think with respect to -- antonio weiss, i'm a supporter of antonio weiss.reasury department needs wall street guys and i think he would be, you know, a good person. i think that, you know, you know, if jack lew and the white house thinks he is the right guy, obviously, the business community likes the idea. >> elizabeth warren positioning herself for a career in 2016 for a presidential race or for one down the road then? why do you think -- again, some have pointed out her own nominees to the cfpb, for example, had wall street backgrounds. do you think this is just politics or does she have a legitimate right to be upset about this no, ma'am facial? >> i think elizabeth warren represents a part of the democratic party that has a very loud voice urge the progressive side. she is obviously an incredibly smart and respected person. she is a little left of where i would be and certainly, i'm more pro-wall street where she would be. i met her when working on the consumer protection side and i think a lot of her ideas make sense. on this one, i would totally disa

john najarian, co-founder of option munster, steve weiss, managing partner of short hills capital, joshrown joins us from florida because warmth and mike san tilly, columnist for yahoo! finance. we are close to the finish line of what's been a huge year for stocks. 2 1/2 trading days left in the year. those are the trading hours, not all the hours, just the

department of transportation and jeff weiss here in new york with me. thank you both for being here. mary let me go to you. okay. understandable that a lot of people are saying wow, i can't believe this happened again, but there are some very important differences here to keep in mind right, walk us through them. >> well i think one of the most important differences is we do have an idea where the plane was because we at least we believe that we have accurate radar data as to where the plane was when the plane may have gotten in trouble. when the radar information ceased when the last radio communication os cured, et cetera and presumably this time around all of the nations, indonesia and others are cooperating fully and providing all of their radar data and none is being withheld. there's no delay in the search as we recall in 370, they spent four days searching in the south china sea, and malaysia knew that the plane was not there. >> right. jeff even as we acknowledge these differences in the cases, which is important, what can be learned from that m

professor john weiss is at the school of economics in rome but today he joins us from our studio in sheffielde you on the program. we're close to three and a half years in recession at the moment. it makes you wonder, when do you start calling it a depression? but italy, this is a chronic illness, isn't it? >> yeah, it is, unfortunately. you cannot get the economy back on its feet without pumping money into the economy. i think this is something that is one of the hard facts. you cannot demand a number of measures that restrict spending and at the same time expect that the economy is going to take off. this is a big challenge for renzi and anybody in power sitting on his chair. >> i guess you also can't get an economy back on its feet if you've got businesses and consumers who have no confidence in the government. they have no confidence in the economy. so that means businesses don't invest, and consumers, this is a big problem. consumers are not spending. >> that's true. consumers are not spending. they are kind of leery about spending their money because they don't know what's going to be h

. >> i agree with weiss. din, the company that owns i hop. going through a hundred as well. >> he's working for victories on the gridiron. joe moglia is going to join us to talk football and the markets. and we fly under the radar with three stock stories. you don't need to think that makes our lives possible. because we do. we're exxonmobil... and powering the world responsibly is our job. because boiling an egg... isn't as simple as just boiling an egg. life takes energy. energy lives here. my name is karen and i have diabetic nerve pain. it's progressive pain. first that feeling of numbness. then hot pins. almost like lightning bolts, hot strikes into my feet. so my doctor prescribed lyrica. the pain has been reduced and i feel better than i did before. [ male announcer ] it's known that diabetes damages nerves. lyrica is fda-approved to treat diabetic nerve pain. lyrica is not for everyone. it may cause serious allergic reactions or suicidal thoughts or actions. tell your doctor right away if you have these, new or worsening depression, o

stephen weiss, josh brown, and jon and pete najarian are the co-founders of option monster. of the new york city stock exchange and paul richard is at ubs. good to see everybody. our game plan looks like this. oil shock. we're live on the ground in the permian for the real story how

weiss has -- is personally opposed to inversions. and he's the count against tax inversion?a just passed -- a win for a company who wanted to move theseas very joining me is president and ceo of international and. inversions. let me start with you. there was a slight win for companies in this and in no very they will move their headquarters overseas. what do you think it would be like for them in 2000 13 with congress? >> good morning and thank you for having me on. latest.ns are the what is critically important is that the political rhetoric over the burger king deal and others like it, and the potential for legislation and read -- as a response to it, have got the global community broadly concerned. my organization represents the u.s. subsidiaries of foreign michelin,like nestlÉ, and these companies are concerned they will be collateral damage. areign investments important to our economy. these are companies that have decided to invest outside their home market, in source investments and jobs to the beted states, and now might caught as collateral damage. they employ 5% of

. >> monseigneur robert weiss of the catholic church says the community is still healing. >> professionalsell us, get through the first ten years you are going to see increase of marriage disruption and there have been. a number of separations and divorces. going to see issue with abuse of alcohol and drugs, there have been. you're going to see increase with domestic violence and there has been. we're all grieving in a very different way. that takes a lot of different places especially when it comes to anger. where does that anger get directed. >> for 37 sandy hook teachers that anger has now tushed to activism. >> i go home, i do res son plans and i research gun violence. >> that gives me a purpose. >> in may they same together as sandy hook school educators for gun sense. >> i found the sunday before the shootings. >> at meeting last month erica lafferty was a guest speaker. her mother, principal, was one of the shooter's first victims. >> my mom would be so proud of you for standing up for what you guys know in your heart of hearts the right thing toe do. for myself i feel that at this