To fall. Interestingly, not putting much downward pressure on the stock market. Also, Commodity Futures Trading Commission head timothy mass 5 2k joins us after announcing the settlement with the banks. There are some smoking gun chat room messages you have to see on this story which has some wondering why the penalties announced were not greater. Well get into that and more with Timothy Massad coming up momentarily. Two earnings are out in an hour. Cisco and jcpenney. Well bring you the numbers that could move both stocks and overall market, second they hit the tape and the best analysis on the street that all starts right after the closing bell. At t is halting buildout of fiber optics in about 100 cities in what so far is the most apparent Chilling Effect of the president s call this week to clamp down and regulate the internet. This as reports say that the fcc chair may defy the president s call for Net Neutrality citing the agencys independence. This story is a lot of moving parts
Well be hearing from Tjx Companies and after the closing Bell Jcpenney will be reporting its numbers. Its been a stock to watch for the past year down near 5 a share as of yesterdays close. Lets get to andrew with some of todays top corporate stories. Hey becky. The big one bank of america saying that federal investigators are looking into whether the bank violated certain requirements of a Government Housing program. The probe centers around compliance with the rules of the federal housing administrations direct Endorsement Program this coming according to a 10k filing by the banking giant. Also this morning, Credit Suisse under a lot of pressure in europe, it already is under pressure in europe this morning but going to come under pressure more so today because a Senate Subcommittee is now alleging new misdeeds by the swiss bank and accuse the Justice Department of dragging its feet. The doj probing 14 swiss banks after admitting to helping u. S. Taxpayers hide money from the irs. Th