we saw the end of western union's dominance in the quote market the new york stock exchange commonly referred to as an icy secured control of the commercial telegram company and renamed it the new york quotation company it became the exclusive ticker service on wall street reporting stock prices became increasingly difficult over the next century often the same company stock appeared on different exchanges and at different prices now congress recognized the need for an accurate centralized quote system so in one nine hundred seventy five the securities and exchange commission was asked to help set up and oversee and nationalize the market system with centralized quotes as part of the national market system the national best bid or offer also known as was created the rules require brokers to guarantee customers the best available price when they buy or sell securities for example if you place an order for stock in the national stock network but the best price for that stock was on the boston stock exchange but the national stock network would route your order to the boston stock excha

the market for quotation and financial news services and some were concerned that western union would use their access to the data to help insiders manipulate the markets and a report to the house judiciary committee and eight hundred seventy five representative benjamin butler advocated the nationalization of telegraph services warning that there is no industry no interchange of commodity and no value that is not at its mercy however in eight hundred ninety s. we saw the end of western union's dominance in the quote market the new york stock exchange commonly referred to as an icy secured control of the commercial telegram company and renamed it the new york quotation company it became the exclusive ticker service on wall street reporting stock prices became increasingly difficult over the next century often the same company stock appeared on different exchanges and at different prices now congress recognized the need for an accurate centralized quota system so in one nine hundred seventy five the securities and exchange commission was asked to help set up and oversee and nationalize

. >> such as western union. >> yeah, western union particularly because of the regulatory changes. they've actually been reporting to the government and filing all the regulatory transferring money. so as companies like the bit coins, the paypals have to suddenly file along and meet a those compliance, very expensive and time consuming, they've been doing it. >> so in western union specifically, their margins are twice the next closest competitor in the industry. do you think that can continue? >> yeah. particularly with as even as you see more money going into -- they're moving away into the physical shops being more electronics, being able to compete with papal. and we think -- though the margins may come down certainly, we think the value and revenues will be able to keep up. >> avalon bay, boston properties, why? >> i love my reits. avalon bay in boston, avalon's residential. but niche markets and high barrier to entry markets. and though they both trade at slightly higher valuations to their peers, because they have that massive advantage as the economy's starting to increase,

. >> reporter: the crooks arrange for a wire transfer and while western union forms now come with warnings not to send money for unconfirmed emergencies they are often overlooked or ignored. >> by the time someone has picked it up at western union it's already too late. >> reporter: too late for laura and countless other seniors and not too late for those yet to be called. >> don't believe them. it's not your handsomest grandson or anybody else. it's someone you don't know. >> reporter: now discuss this scam with the senior in your life and usual them to verify emergencies before sending any money and be suspicious of anyone asking for money in the first place. also think twice before sharing your own vacation plans on social media they could be used against your loved ones. on the social watch julie watts. >>> it's a lodge memorial day weekend. a lot of people have outdoor plans. what do you think ryan? >> today looks okay. not like yesterday. unless you like drizzle because today is your day. we have all ovators things that are working along the shoreline. overcast skies. cloudy skies fo

western union now up about 15% this year. but the bears, they were winning today. on the s&p 500, more than five losing stocks for every one winner. some of your worst performers, jds uniphase, adt, one oak, and marathon petroleum. your worst performer, that would be allergan, the news, approval of its new eye drug will be delayed for up to years. but that was good news for regeneron pharmaceutical, rgen, your best performer today on nasdaq, the worst performer on that tech-heavy gauge, fiserv. >>> and next, we're hearing prices are soaring and the market is hot, so why is home ownership at an 18-year low? diane olick and the ceo of the real estate giant, douglas elman, already here on that. >>> and clorox makes everything from bleach to charcoal. i'll talk exclusively with the boss, the ceo of clorox joining me about the company's soft sales numbers and how he views the current sales of the economy. >>> also, three more people arrested in boston on the marathon bombing case. we will have the very latest developments for you, coming next. you're watching the "closi

barons' bounce nor western union. the stock is up a buck. something wrong with the graphics so i can't actually read the thing easily. don't worry about it. it's up 1%. british paper, the independent reporting that hsbc, the old hong kong to shanghai banking corporations may announce more lieoffs. down it goes. we talked about tesla, the stock has been 0 a tear recently, up about 50% in the past week, stunning. the fda will allow generic competition for a pain killer. there it's up again. and k.f.c. parent yum! brands, 29% drop in sales in china because of bird flu, down 1%. and elan strikes a billion dollar royalty deal with the-- i'm not sure, thera up. and cereal maker disappointing profits. where are we going next? irs targeting conservatives and worse than first reported. sets a dangerous precedent for anyone critical of big government. this is the story of the week in my opinion. when if ever will this administration be held accountable for anything? we'll deal with that next. clients are always learning more to make their money do mor

he said, "i need you to go to western union and wire the money to us."rove explained as he around baltimore county as the person gave her instructions. she then wired $500 and the caller demanded more money. >> i don't have any more money. he hung up. >> it turns out it was all a scam. her brother in law was never in danger. three calls have been reported within the last week in anne arundel county. >> they are calling people's sell phones. they could be calling multiple phones before they get somebody on the line. say residentsrs are getting calls in baltimore county, montgomery county, prince george's county. police when you to remember as many details as possible and to give them a call. jennifer franciotti, wbal-tv 11 news. >> officials at the airport hope a new renovation will make things faster and more enjoyable for the millions of fliers they handle every year. there is a new checkpoint. travelers can explore the shops and restaurants once they pass through security. the first phase of security was completed on tuesday. householdnd on appliances.

western union showing initial signs of success and western union is up 1.6%. thank you very much, i hear it. and we get facebook after the bell today. what's it doing now? down 16 cents, that's .58%. back to the big board, we're off 50 points in the very early going this wednesday morning. time is money. 30 seconds' worth. austerity is bad for your health, makes you sick, depressed. dr. ablow will join us. is the world going soft or am i just being too harsh? and another only in california story. sacramento facing a pension crisis, but uses a quarter billion of money it does not have to keep a losing basketball team in that town. it's a move that hurts the city and the players. i will explain. and the fda lowers the age for the morning after pill. now a 15-year-old can get it over-the-counter, no parental permission required. the judge -- the judge is going to be here. i'll leave it at that. check the price of oil because we are down today and this may make a big deal for the future price of gas. i thought we might get close to $4 a gallon this summer, but wit

. >> by the time someone has picked it up at western union it's already too late. >> reporter: too late for laura may and countless other seniors but not too late for those yet to be called. >> don't believe them. it's not your handsomest grandson or anybody else. it's someone you don't know. >> reporter: now, you are urged to discuss this scam with seniors in your life and urge them to verify any emergency and be suspicious of anyone asking for money. we'll be right back. for our families... our neighbors... and our communities... america's beverage companies have created... a wide range of new choices. developing smaller portion sizes and more.. low and no-calorie beverages... adding clear calorie labels so you know... exactly what you're choosing... and in schools, replacing full-calorie soft drinks... with lower-calorie options. with more choices and fewer calories... but as sue kwon reports, th challenging than >>> one of the guidelines to eating a healthier diet is eat more whole grains but as sue kwon reports, that might be more challenging than you might think. >>> reporter: in

gulf disaster you get where you see in the western union the massive and you know going back to international workers day i mean here we have workers dealing with violent workplaces unsafe workplaces and on the other side of the world in bangladesh you have the same thing going on and then you had workers standing up today and across the world in bangladesh and indonesia and all these places that have become this kind of cheap labor globalized corporate america using this day to protest for workplace safety in the same way that people were protesting in the eighty's for better working conditions and i think when you see that happening i really calls into light that we're all connected and you know i feel so helpless seen this factory collapse in bangladesh but then seen things like the west texas explosion the thing in north carolina that i just read three times as many workplace deaths as the labor of parasitism is reported so it really is all connected we're all one human family until we start really allowing workers to organize for efficiently and efficiently in the workplace we're not goi

the western union was ordered to start making copies and the idea was to break the code and read them to find out whether south -- soviet allies wanted to make a better allies and when the codebreakers started to work on the cables is started to realize the soviet union was attempting you essentially to overthrow the country to wreak havoc, infiltrate but it was painstaking work. a tux and years they were up on harry dexter white and alger hiss. but they were identified before. >> threw fbi and other investigations going on the day here is the thing that a certain point* along the way of in the years to follow there was knowledge of the tremendous buying going on well with our government will having a quiet civil war over whether there is any soviet penetration. this period of the '50s is what most people think back to as there were many other senators and congressmen tried to get a handle on what happens in the roosevelt years? >> host: roosevelt launched his career doing that. >> but the government was composite because who benefits from keeping this information secret? >> are you t

to order, send your money by western union to pfizer's real official address for all online viagra orderson't delay. this is 100 real. order at your own risk. pfizer will send e-mails to everyone in your address book. pills actually tictacs. >> jimmy: this is quite a story. this happened in illinois. a woman was arrested and charged with dui. her name is erin james. police say she blew almost twice the legal limit on the breathalyzer. when they brought her to the station, she told the officers she had been drinking to celebrate the fact that she was getting her driver's license back from her last dui. because she got a dui at her no more dui party. sadly she was too drunk to appreciate the irony. the rule should be if you get one dui and your license is taken away for a year. and two duis you have to ride a unicycle everywhere you go for the rest of your life. today is national teacher's day. do we have any teachers? this was started in 1953 to salute the teachers that inspire, challenge and changed us for the better which seems like a very nice gesture until you realize we also have nati

western union popping 5%. >> yeah. numbers here, judge, and the stock opened down and then turned and burned to the upside. a very strong performance and i think people that stuck with them are happy about it. >> simon, how about oracle? >> oracle did well. it came out with a report that said the miss on the last quarter was an anomaly. expecting expansion in the margins and growth going forward. >> nice job. on the fly. cliff's natural. >> this is another commodity-related name. iron ore is their main business. i think it's a dead cap bounce in the stock like commodities. >> you know this is "the half time" show, right? >> i was in the 5:00 show. >> he can shake and bake. >> just checking. making sure. >> doc, u.s. steel? >> is everyone surprised? >> i think somebody screwed up. >> i'll tell you the story on u.s. steel. they also have a downgrade today and on that downgrade they got the price target lowered from 17 to 12. right now it's a toxic area and people want to stay away. i'm staying away. >> doc, you and baker

. >> western union the fastest way to send money. >> reporter: that used to be true but these days we'ves its new program will let you send money without ever looking up from your e-mail. the search giant introduced google wallet in 2011. >> google wallet. tap, pay, and save. >> reporter: to store credit cards and other methods of payment for use when you're standing at a checkout counter or you see something online and want it right away. just scan your phone and the product is yours. >> all right. thank you very much. >> reporter: but now google is upping the ante and taking on pay pal which was once the only secure way to pay online. it's dominated for about a decade now but you needed a pay pal account. with google wallet you don't need a separate account just an e-mail address and you can send money to a friend over the bet you lost last night just as easily as you can attach a photo from the experience. >> it absolutely is a step ahead of pay pal simply because pay pal is an extra step with the company that not a lot of ordinary people are familiar with. >> of course more money cha

and the western union was ordered in, i think it was 1943, to start just making copies. and the idea was, actually, to break the code and read them and find out what our soviet allies really wanted. and so that we could be better allies. and when the code breakers started working on these cables, today started understanding that the soviet union was attempting, essentially, to overthrow our country, spying, stealing, making -- wreaking havoc, infiltrated everywhere. but it was or very painstaking work. it's hard to identify -- >> host: ing -- it took them years, literally. >> guest: they were up on alger hiss and harry dexter white. >> host: harry dexter white was dead by -- >> guest: yes, he was, but he was identified -- >> host: before. >> guest: well, he was identified by fbi, there were other investigations going on, other archives. but here's the thing, at a certain point along the way early on, you know, by 1950, say, and then in the years to follow inside the american government there was knowledge of the tremendous spying that was going on while outside the ameri

in march, bitcoin would be governed by the same money laundering for transfer companies like western unionman to scott london cash and gifts in exchange for inside information has pleaded guilty. brian shore who took tips from london on herbalife. london, who was fired and arrested last month is set to be arraigned next week. >>> as far as european stocks are concerned, ahead of the u.s. open today, we're knees near the session highs. the xetra dax is one to focus on there 8,164. the ftse mib is up 1%, as well. banks are in focus. earnings across the board today, hsbc up 3%. good numbers out of socgen to 4%. commerzbank up 1.2%. so pretty good reception. rbs is the only slight weakness. as far as the agenda in the united states, march consumer credit figures are due out at 3:00 p.m. eastern. look for numbers before the open from directv and call. after the close, we'll hear from disney, electronic arts, whoet whole foods, live nation and zillow. >>> u.s. futures are calling a slightly higher stock once again. it will be 18 straight gains for the dow jones industrial average. unprecedented

director, of course, western union. i work with a lot of immigrants here in the u.s., internationally, texaco and -- in mexico and central america. i would like to raise the issue of immigrant into promotion. entrepreneurship. through immigration reform you create jobs. emigrants are entrepreneurs. i know a lot of people have come here and created jobs. so, i think that the issue of immigrant entrepreneurs should should be promoted. thinkingle are now about going back home. spendingnking about some years in the u.s. should be supported. comments? >> i think that everything the mentioned is right on target. when we had a legal system for immigration that was right for the times, there was a lot of circuit there be, that reposits the circularity. positive curcularity. people had come to work for several years. then they would go to go home with a few dollars, perhaps some skills that would be applied in that economy. and they would be a benefit to the region. today circularity has almost stopped because our legal system i

the army's job was to stop the union from attacking western union. post and wartime mission was to place my fields, to blow up bridges, and to slow down thousands of soviet tanks and armored vehicles. but this was after vietnam. our government dramatically cut the defense budget. the impact was immediately obvious to me. i was responsible for five military vehicles and 40 men. due to budget cuts, none of my military vehicles were working. as a matter fact i had empty parking spaces. they were all sent to some higher level maintenance for months. there was no money for repair parts. our military vehicles were averaging 30 years old. the army could not afford to buy new ones. if war broke out we had no way to travel the 150 miles to the border to defend our sector. the defense obstacles that were supposed to in place would not have been in place and time. the soviets would've captured key bridges, airfields and major cities. that would've resulted in dramatically increase casualties among our fighting forces. now, the military will always have unexpect

my name is mario hernandez, i'm the director of public affairs at western union. work with a lot of immigrants here in the u.s. and internationally, in mexico and central america. and i would like to raise the issue of immigrant entrepreneurship. secretary gutierrez talk about the circularity and how immigration reform will create jobs here in the u.s. and how important it is to create economic opportunities back home. so what i d immigrants -- immigrants are entrepreneurs. and not only workers, but i know a lot of people who have come here to the u.s., and they are creating jobs in new york, chicago, los angeles and many places. so i think that the issue of immigrant entrepreneurship should be encouraged, promoted and supported. but secretary gutierrez also mentioned that many people are thinking about going back home, and these immigrants are after spending some years here in the u.s., after saving money, they want to create jobs in their home communities so that diaspora investment should be something that should be promoted, encouraged and supported. and if yo

course, western union. i work with a lot of immigrants here in the u.s., internationally, texaco and central america. i would like to raise the issue of immigrant into promotion. through immigration reform you create jobs. emigrants are entrepreneurs. people have come here and created jobs. so, i think that the issue of immigrant entrepreneurs should should be promoted. many people are now thinking about going back home. after thinking about spending should be in the u.s. supported. comments? >> i think that everything the mentioned is right on target. when we had a legal system for immigration that was right for was a lot ofere circuit there be, that reposits the circularity. people had come to work for several years. then they would go to go home with a few dollars, perhaps some skills that would be applied in that economy. and they would be a benefit to the region. today circularity has almost stopped because our legal system is broken. people do not want to leave because they may not be able to get back

western hemisphere. much of the pathology is a union legacy of slavery. for example, the breakdown of the family. most black kids grew up in homes with two parents even under slavery itself intergenerational thereafter as late as the 1960's. most black children grew up in two-parent homes. only when you start with a massive great society that you start to see the family that survived all this time now begin to disintegrate. >>host: from "intellectuals and race" dr. sowell there is other evidence that black subculture has a negative effect on intellectual achievement, in other words, brighter black students to not perform as well as settings when there are many other black students around them contrary to the theory that what is needed in educational institutions is a larger critical map. >>guest: yes. that steady eyesight shows that. it is not just my opinion. one of the studies cited many years ago in high-school in washington berry eight outstanding all black academic institution. over the years through 1954 i forget the number, 34 i think graduates of dunbar high school and amherst. very few a

movement directive one of the pillars the founding pillars of the european union but it looks like at the moment some key western countries are uniting together against a united europe. london luca's also to pressure for its austerity drive branded by trade unions as a lost generation of growth put it put the country roads to the international monetary fund warnings from the belt thought he must be the national secretary the socialist workers party told me the government needs to rethink its priorities in dragging the country out of the doldrums. it's extraordinary that the international monetary fund which is the high priests of neoliberalism who have imposed a stereotype as part of the troika along with the european union in the earthian central bank across the continent even though they are now telling osborne that he's economic policies are a complete failure and they're causing a heart attack for the economy with no gross with unemployment rising and with social chaos caused by these policies and there are more and more people who are completely fed up with these a stereotype policies which are attacking pe

union from the haymarket bombing in one thousand nine hundred six through homestead strike in one thousand nine hundred eight all the way through more workers in this the bloodiest labor history in the western world over the eight hour day and right to have a union that any other single issue so what are we going and this this of course a frontal attack on the eight hour day yeah when are we going to see. that we have a democratic president we have a democratic majority in the senate obviously can't pass and israel will consider obstructive when are we going to see card check. well. we're going to see organizing and bargaining rights like i'm in for work i don't know what form it will be and obviously i'm not at the center of those discussions anymore karen and bill are but we're going to see legislation come forward you know want to roll back more of our i mean we have. to go to the right take the heat out of that is the secondary boy we had so you know is this a minute here bill or karen either of you know i'll tell you what's while the legislation changes what's really exciting is that working people are creating the new forms of organization that they can operate in. and to make change

union from the haymarket bombing an eight hundred eighty six through homestead strike in one thousand nine hundred eight all the way through more workers in this the bloodiest labor history in the western world over the eight hour day and the right to have a union than any other single issue so when are we going and this this of course a frontal attack on the eight hour day yeah when are we going to see. that we have a democratic president we have a democratic majority in the senate obviously can't pass and israel will consider obstructive when are we going to see card check. well. we're going to see organizing and bargaining rights legislation coming forward i don't know what form it will be and obviously i'm not at the center of those discussions any more karen and bill are but we're going to see legislation come forward you know want to roll back or if you are i mean we. are going. to notice right out of that is the website and secondary board we had so you know it's a minute here bill or karen either of you do i'll tell you what's while the legislation changes what's really exciting is that working people are creating the new forms of organization that they can. operate in to make

>> and this is, of course, part of the very long and dubious tradition inside the soviet union, crushing westernoes right back to stalin days, the standoff between the kremlin and any kind of popular music because, remember, this is a country where standard political action and protest was not available. so, people resorted to culture as a way of challenging the system. >> so, the beatles, obviously, changed western culture. but there are actually russian historians that you spoke to that were, obviously, there when it happened that said the beatles actually broke the first hole. knocked the first hole in the iron curtain. >> that's exactly right. and i was disbelieving initially when i heard about it. come on, that can't be true. again and again, people insisted to me that this is, indeed, and finally i met up with putin's chief deputy who confirmed this and he's a beatles nut himself. >> putin's -- >> putin's number one deputy. he's a massive beatles fan who learned his language from beatles lyric. >> rock 'n' roll can change the world. i'm curious about this, 20 years later in czechoslovakia

movement directive one of the pillar is the founding pillars of the european union but it looks like at the moment some key western countries are uniting together against a united europe. london and more thoughts on economic heart failure in today's kaiser report as well as a tip for women on how your skirt may reflect the markets. girlband between seventeen and twenty three their theme is that if the stock market the nikkei goes lower their skirts go lower towards the ground if the stock market goes higher they short in their skirts that's their stick so when the stock market the nikkei i recently went over thirteen thousand for the first time in a long time they went got rid of their skirts and wore shorts as you can see from this photo well the girls themselves say they didn't study economics they don't know anything about what is wrong wait a minute that's the shock of the day what i'm saying are masters of economics you get guys to do silly things like buy at inflated prices that's what it all much is all about there they're geniuses there's you got a nobel prize. and breaking news just in here on r t a blast

it sends a message to bangladesh's that from the western retailers now this has been stepped up to a level of the european union, which gives duty-free access to bangladesh's ready-made clothing exporters. that's why bangladesh retain an advantage over others. so they will be forced probably to improve safety standards. >> is a will listen. the fact of the matter is part of bangladesh's success in this area is to be a low-cost producer, in this respect. >> this has really improved the economy of this country in the last 30 years. it has changed the face of rural bangladesh. 3.6 million people work in the garment sector in bangladesh and most of them are women from rural areas. the improved economy has given top opportunities to people and brought industries in several places. factory owners will have to move from here to the next level. when bangladesh get more orders, at the same time how can they match international standards? after this incident, many people here hope they will address these problems. >> all right. thanks very much. we're not finished with bangladesh. aaron has more news. >> i have been spea

it was a soviet union that essentially defeated from the east. but compellingly, the western invasion could not possibly have succeeded without the movements of germany from the east. but this is a past, in the early church ethically, the soviet union after the terror, after the purges, after the coup having been created. of course, that alliance or what would become of the alliance after the war was a central great question not just a roosevelt or truman, but also churchville, who had to come to terms with the reality when the war ended, soviet troops are sitting well into central europe were not about to leave. so this is not a moment to reflect the origins of the cold war, but what is clear is the division between east and west exist on the day of the second world war ended. a theme of my book is one philosophers quote dirty hands of a match is called oral ambiguity, life including political lifters of instances where sometimes giving me, which are bad compromises are brought compromises might be necessary on behalf of an instrumental good such as winning the second world

. >> the european union is supposed to whopper people opportunities for all, the new member states are significantly more poor than the western european countries so many migrant workers leave homes to look for jobs in germany, spain and france were cap labor is in demand often leaving their children behind as they go in search of a better wage. in romania, an increasing number of children are growing up as effective orphans. some of them are cared for by grandparents or other relatives, but others lower in childrens' homes or are in the streets. unicef says there 350,000 of these orphans in romania. their parents have ne to western europe often working as nannies, cleaners, seasonal workers and some of the children's stories are heartbreaking. alexandros to make sure to make enough soup for himself and his younger siblings. there have been living on the run since their parents went to >> they send money sometimes, but only when they have it. they do not often find work in spain. they are not doing too well. >> their parents left six months ago. most of the time, the children fend for themselves. sometimes their grandmother h

. >> the european union is supposed to whopper people opportunities for all, the new member states are significantly more poor than the western european countries so many migrant workers leave homes to look for jobs in germany, spain and france were cheap labor is in demand often leaving their children behind as they go in search of a better wage. in romania, an increasing number of children are growing up as effective orphans. some of them are cared for by grandparents or other relatives, but others lower in childrens' homes or are in the streets. unicef says there are about 350,000 of these orphans in romania. their parents have gone to western europe often working as nannies, cleaners, seasonal workers and some of the children's stories are heartbreaking. alexandros to make sure to make enough soup for himself and his younger siblings. there have been living on the run since their parents went to >> they send money sometimes, but only when they have it. they do not often find work in spain. they are not doing too well. >> their parents left six months ago. most of the time, the children fend for themselves. sometimes their

movement directive one of the pillars the founding pillars of the european union but it looks like at the moment some key western countries are uniting together against a united europe. london and kevin i mean thanks for being with us tonight we're talking pakistan elections when we come back after this quick break. it was built on coal. fuel for its factories. coke for its steel. cold as it holds and heat for its people. join me james brown to meet them spend their lives underground and work in one of the world's most dangerous professions. workloads. of coal on o.t. . the u.s. says it plans to push further to get israel and palestine to the negotiating table with john kerry planning another trip to the middle east but the peace efforts are stopping washington anyway from spending hundreds of millions of dollars on the israeli military including funding that i and missile shield. has been hearing from people who say that the fence system isn't worth it. the brains behind the iron dome. but the funding is mostly american born the americans. assistance it solves the discussion and offered their assistance they ha