answers pviously given to the inspector general? i don t know what th is. i would have to look at it. i ve decided to follow my counsel s advice and not testify or answer any of the questions today. i will no answer any questions or testify about the subject matter of the committee s meeting. stand here and answer our questions? [applause] melissa: that was day three of the i hearings. clearly, obviously very productive. even when the irs official whwas in charge of the unit respsible for targeting the scandal not answering any questions? are we going to see a revolt with people not paying their taxes? why should we? here to weigh i on the latest phil swagel, former asstant secretary of economic policy at treasury department and noah busell, on deck capital. welcome t both of you. no, let me start with you, why should i pay my taxes if these guys are not following rules? i say that kind of joking and ki of not. they re not following the rules? melissa we have to have pe
biggest percentage gainer in th dow jones industrial. about 3%, announcing it will shed its majority, the animal health care company. pfizer sold about $0.22 of its shares in the company ipo earlier this year. very clear that they want to streamline the company and focu on the best interests. so as a result you re seeing th stock hit with an up arrow. melissa: thank you for the explanation. lori: fed chairman ben bernanke in the hot seat testifying in front of congress. wall street clues into every word, so has our own peter barnes as well? what have you been up to most? reporter: well, it was a little bit of a roller-coaster ride there for investors, melissa, because the members of the joint economic committee were trying to drill down on when the fed chairman thinks it will be inappropriate time to start to tighten monetary policy , cutting back on all that quantitative easing in the $85 billion a month. bond purchases that are designe to keep interest rates low, put them
the simply the questions and answers previously given to the inspector general? i don t know what that is. i would have to look at it. i ve decided to follow my counsel s advice and not testify or answer any of the questions today. i will not answer any questions or testify about the subject matter of the committee s meeting. stand here and answer our questions? [applause] melissa: that was day three of the irs hearings. clearly, obviously very productive. even when the irs official who was in charge of the unit responsible for targeting the scandal not answering any questions? are we going to see a revolt with people not paying their taxes? why should we? here to weigh in on the latest phil swagel, former assistant secretary of economic policy at treasury department and noah bushnell, on deck capital. welcome to both of you. noah, let, why should i pay my taxes if these guys are not following rules? i say that kind of joking and kind of not. they re not following the rul
as you can see, we ve retraced and move back closer to the unchanged line. futures ticked off and we had some down arrows. it has been mixed. what we have been seeing, for the most part, in this market, is the higher lows and higher highs. new highs for the automakers. we are watching general motors, in particular. right now you see it at 3391. it is worth noting that. obviously, these are some stellar times for the automakers. back to you. lori: thank you. ashley: lawmakers looking to get to the bottom of the irs scandal. now learning that president obama knew the irs is scandals as early as mid april. peter barnes is live on capitol hill with the very latest. peter: ashley, it always comes down to what did people know and when did they know it. a couple of committees of peer will continue the investigation. the house oversight and government reform committee will be holding a meeting this week as well. a six page letter requesting documents and details about how all of this
done by the university of michigan, perked up in may to the highest level in about six years. the index jumped to a reading of 83.7. that is up from 76.4. sentiment was helped by the rising stock market. this is heavily weighted to financials and how people feel about their portfolios. we had falling gasoline prices firmer house prices. david: bloomberg, you heard from them time to time, they appointed samuel palmisano, former ibm chief executive to review the company s practices and policies on the use of client data. the move comes after revelation that is the reporters have the ability to snoop on clients using bloomberg terminals. liz: treasury secretary jack lew telling congressional leaders that the u.s. will reach its debt limit this saturday. the u.s. is taking extraordinary measures to keep paying its bills. david: the financial times says its tech blog and various twitter accounts were hacked by a group identifying themselves as the syrian electronic army. two mes