Brendan vonnie more detail on what brendan was just saying. Ubs is going to pay more than half 1 billion in penalties to settle two u. S. Government investigations. From guilty to fraud playing pleading guilty to fraud. The bank will pay 342 million in another probe into currency rigging. Four other large banks will plead guilty in the Foreign Exchange case today. Jason morgan, jpmorgan citigroup. The fines are expected to total in the billions. It is the biggest auto recall in u. S. History. The japanese airbag maker toccakata. Ever bag are blamed for six deaths. They will work with they have agreed to answer to a Consent Order with ntsa. Ntsa is launching a Legal Process that will allow us to bring together on a manufacturers whose vehicles are affected, along with takata and other parts suppliers. Vonnie u. S. Regulators say because there are 11 different carmakers and a shortage of parts, it could take years to make all the cars safe. Hillary clinton has broken her silence. After 2
And it was worth it or not. Has received how he quite a following which includes the music mogul jayz. All that and more over the next hour. But first headlines from carol massar. After the close of u. S. Training, lower fourthquarter profit. The companys declined from the power plants it is building in the southwest. Falling to 65 million from 150 4 million earlier. The stocks are falling in afterhours trading. Dreamworks posted fourthquarter revenue that missed analyst estimates. Video sales fell short and fourthquarter results including a charge of 13 point 5 million related to the performance of turbo which was released in theaters. Morgan stanley has agreed to pay 275 million to probe into the sale of Mortgage Backed securities in 2007. This hour, the u. S. Senate panel is releasing details of the twoyear investigation into efforts Credit Suisses to dodge the tax man. Will feature top officials from the Justice Department. Peter cook has got the details. Credit suisse is about to
Plus, why lindsey vonn will take off once she returns from injury. All that and more over the next hour, but first, headlines with su keenan. Thank you. New Jersey Governor Chris Christie gave his state of the state speech today. Told lawmakers to move beyond the traffic scandal. What has occurred does not. Efine us or our state this administration and this allow the will not work that needs to be done to improve the peoples lives in new jersey to be delayed for any reason. And federal officials the bridge into scandal and the Hurricane Sandy ad campaign that featured chris christie. Settlements were paid by jpmorgan with ties to the Bernie Madoff ponzi scheme. Wells fargo reported record end of your profits. The numbers were all stirred by a onetime gain. Bell, General Motors announced a . 30 per share quarterly stock dividend, the 2008. Since july, yesterday, the Financial Officers said investors should expect this. Those are the top headlines. Thank you. This afternoon, Charter Comm
A few moments. The view that some writers have that some hedge funds are maybe too big to fail will be part of the conversation. We will give you the criteria, and also both sides of the argument on whether Systemic Risk exist or not. Plus, the ceo from cybersecurity powerhouse fire i will be with me. Made a 1y recently billion purchase and we will tell you about the latest technology to thwart hackers. First up, president obama naming five u. S. Promised zones targeted for special federal aid. The motivation is despite income inequality. Julianna goldman joins me now. What is at the center of the president s plan . This is all part of the focus on income inequality that the focus the white house has the tapping leading up to state of these union on state of the union on february 28. The areas are san antonio, philadelphia, los angeles, southeast kentucky, and the choctaw nation of oklahoma. Theseesident announced socalled promised zones in his state of the union last year. Today, he i
Allimportant unemployment number. Only one to speak up, apollo education after the market. One final note, this is for you. Do you know who is going to the white house today . The red sox. Their gameees begin season, to. They have president ial support. Stocks, bonds, currencies and commodities to get your second order beginning. What a market day yesterday. S p futures continue to fall. Does not do much. Hydrocarbons still elevated. The fix nicely below 1400, showing the power in the markets. Continues. A stronger ruble and gold. Story under 1300. The king at the dow. Up 14 months. A certain character to it. The blue chips as well. Janet yellen industrial average. She telegraphed yesterday in speaking that the fed will be therefore longer times. The actual word was like considerable. At t announced it was not small potatoes. This is the kind of thing that continues to drive share prices higher. By the way, adam parker pointed out 2. 9 of the shares outstanding are being brought back t