>> betting parlors. >> betting parlors, yeah. >> it was a felony. well, it was a felony when a law came into effect, because it had brought down the market in 1907. and they said, "we're not gonna let this happen again." and then 100 years later in 2000, we rolled them all back. >> a bill to reauthorize and amend the commodity exchange act to promote... >> the vehicle for doing this was an obscure but critical piece of federal legislation called the commodity futures modernization act of 2000. and the bill was a big favorite of the financial industry it would eventually help destroy. it not only removed derivatives and credit default swaps from the purview of federal oversight; on page 262 of the legislation, congress pre-empted the states from enforcing existing gambling and bucket shop laws against wall street. it makes it sound like they knew it was illegal. >> i would agree. they did know it was illegal, or they knew it was prosecutable. [watch ticking] >> some people strike it rich after the law passes. >> i know people personally who have take

>> very obvious bets like papa and mama, but you can also bet on the longer words, so things like pippa, harry, and the queen. and you can bet on supercalifragilistic- expialidocious. you get about $500 back if that is the first word. >> all right. thank you. great having you on. >>> coming up, while new york is talking about anthony weiner, california is talking about san diego's mayor bob filner. i want to speak live with one of the women who says he went too far. that's coming up next. "i'm part of an american success story," "that starts with one of the world's most advanced distribution systems," "and one of the most efficient trucking networks," "with safe, experienced drivers." "we work directly with manufacturers," "eliminating costly markups," "and buy directly from local farmers in every region of the country." "when you see our low prices, remember the wheels turning behind the scenes, delivering for millions of americans, everyday. "dedication: that's the real walmart" i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expense

. >> michael, bill clinton actually bet big, but his was more of a negative bet. he didn't want to do it. >> yep. >> in 1992, he had survived the scandals of new hampshire, the struggles of new hampshire, promising a middle-class tax cut and then gets into office and, of course the famous moment where greenspan is telling him, yes, mr. president, the bonds traders are going to determine your presidency. he had to turn on the dime, the first month or two, and cause serious damage to his own party's prospects. >> no question. that's one thing historians will give bill clinton a lot of credit for, the budget bill of 1993, was very risky. barely passed it. and in retrospect i think it's

can i bet this? he grabbed like two chunks or three chunks of bud of marijuana and puts it on the table. he goes, can i bet this? he was thinking i said that's too much marijuana, he couldn't bet that much like that was a table maximum or something. >> the dealer tries again to alert the gambler of his illegal actions to put an end to the situation before it gets out of hand. >> he was so wasted that he didn't know what was right from wrong. i was trying to be real calm about it, quietly tell him to put it away, not to make a scene and maybe he could just leave without getting in trouble, you know? >> but when none of his efforts to get through to the player seemed to be working, the dealer calls for backup. >> that gentleman in the black suit is the pit boss. when he shows up to a table, that usually means that there's a problem. >> the pit boss quickly realizes that security needs to be called. >> when i arrived at the table, i was kind of shocked like everybody else. so i asked him what was he doi

there is a betting frenzy here among the betting houses is patty power. i want to bring in rory scott who is with patty. george is 7-4 odds. james 4-1. followed by alexander, arthur, lewis, henry. >> george is the consistent front-runner from day one. taking $150,000 the last day on that. the together markets past 500,000 pounds. is that $750,000? this is huge. >> four and five finger bets on this, right? >> very much so. george specifically and james, alexander is the big mover the last couple of days. it's down to 9-1 now. >> is there any rhyme or reason to this? >> there is. i think lots of boxes to be ticked. a thousand years of tradition to respect and don't want to upset the boss, namely the queen. william and kate are a modicum and want to do things their way so i like alexander. 9-1 good value in that. >> let's not forget although that is the first name, they all get like three or four fames. remember when diana and charles got together and they mixed up the name? >> prince charles has about six names, i believe. i'm betting most of the betting th

john, what's your bet? >> i like arthur. my off-beat bet is irving. king irving. he'd be the first. >> i'm still taking spencer as the middle name but i haven't placed any money on it. >> diana's maiden name. i think it would be nice if there were a twist, george, edward, james a little boring to me. >> here's one bet that i like. people are saying it's 1,000-1 that he'll play premier league football. >> very good. like to see that. beckham would be so pleased. erin mcpike, thank you so much. >> some travel agents say they saw an uptick in royal baby fever leading up to the final weeks of kate's pregnancy. now that the future king has arrived, the city's top tourist attractions are getting ready to invite people to check out some of women and kate's favorite hangouts. hotels in london are hosting special royal baby themed tea parties. a suite and grand hotel has been transformed into a royal family nursery. and if you're third in line for your flight at the royal airlines upper class clubhouse. joining us is an economic reporter for the "new york times." you say t

alosi was an optometrist in northern virginia and like many others he was also a fan of sports betting which is something he has friends of quite often with small wagers but when virginia detective david camm overheard talking about bets one night at a bar he decided to make close to his next project the friend in him and ultimately setting him up as their friendship evolved over many months bo cam continuously pushed closely to up the stakes of his betting hobby ultimately convince closely to bet more than two thousand dollars in a single day now under virginia law that was enough to charge him with running again with an operation and that's where things took a turn for the worse on a night when both camera range for the two to meet he was. alone the detective brought in a whole swat team with them to raid home for any evidence linking him to run in a gambling operation and as closely stepped out of his house to greet his friend he was suddenly shot and killed by another officer his last words were directed at boca and he said dude what are you doing the entire incident was chalked up

i bet that crowd is packed with tourists. >> you bet. >> it will be a huge story. >> it's a boy, by the way, in case you hadn't heard. that's why we're wearing blue. could you have worn any higher heel, by the way, today? >> yes, i will bring those next time. >> i'm sure you're will. >> we're 10 minutes from the close. the dow and s&p pushing for all-time highs. >> and joining us is steve, and you are disappointing by the earnings so far, yes? >> yes. right now, running 2-to-1 beats to misses. so that's running a little high. we're still -- we've only had about one-fifth of the way through the s&p, but that's not where we want to see it. again, we're also seeing the companies missing on the top line. >> revenue number has been -- yeah. >> you know, we're three-quarters now into companies missing the revenues, having a slightly higher of ratio of beats-to-misses, and we're worried. >> chad, people are calling it an outright revenue recession. where do you see it? >> i completely agree. last quarter, revenues for the s&p 500 were flat, even modestly down. you need to see a pick up in aggr

>> baby betting is booming. we are currently on 300,000 pounds, about a half million dollars. >> this is the biggest novelty betting. >> a novelty. you are talking novelty. you have hair color, brown, blond, black, ginger. tell us about ginger. >> harry. you don't know. >> are they popular as well? >> absolutely. you can bet on anything. will it go to university. will it represent gb at the olympics. do you have the name of the first boyfriend/girlfriend? >> first girlfriend of the royal baby. >> yeah. who is going to hold the baby outside of the church. >> there you go. we are keeping ourselves busy as we get ready for the news event. >> serious stuff going on there. matt, thank you so much. >>> i want to bring in "new day" anchors, what do you have on tap, guys? >> thank you so much. >> i'm going to leave it alone. he's going to get a >>> they're going to be looking very closely at flight training, at the crew's experience. >> breaking new details. the pilot at the controls of asiana 214 only had 43 hours of e

they're betting. >> we're taking somewhere around 1,000, 1,500 bets a day. >> reporter: the most money is being bet, of course, on the name. if it's a girl, alexandra. george, if it's a boy. there is a wager on who will come out carrying the royal heir. perhaps prince william. 31 years ago, both his parents came out of the hospital, revealing him to the world. and back in 1948, when prince charles was born, the fountains of trafalgar square were said to be dyed blue, heralding his arrival. while kate may give birth in the next two days, we simply don't know. but that business of the guessing game goes on. lama hasan, abc news, london. >> the name's going to be tough. but how about the gender? i'm guessing girl. >> i think it's a boy. >> $1 bet. >> there you go. >>> that's what's making news in america this morning. >> stay with us for "good morning america." and have a wonderful day, everyone. >> live and in hd, this is "good morning washington" on your side. >> straight ahead, police are searching for two suspects after police say two men held a man at gunpoint. good morning, washingt

the biggest novelty betting event we have seen ever, basically. our records have gone back 30 years and this has really caught the public imagination. gender,t to know the the name, what kind of hair it is, who the godparents will be. this has increased from 20,000 at the start of july. that is how much people love that in on the royal baby. >> the rest of us will just have to sit and wait. no one more so that the women at the center of all this attention, kate herself. ,ith the heat here in london she must be longing for that. but they give you a quick update on the odds. it will be a girl, the likely name will be alexandra. there is one name on there that surprised me and that is that people are taking bets on the name louis. i don't see it. i don't see it. that sounds like a french king. you can find much more on the website. from all of us here, thank you so much for watching. do tune in tomorrow. >> make sense of international news -- at bbc.com/news. >> funding of this presentation is made possible by the freeman foundation of new york, stow

guy, i will make a 10 year bet on america, so that's what we did. everybody went to bra sir, russia, india, china, being in america was a better bet to make. all mergers are difficult. merging cultures is exceedingly difficecially in a service business. keep in mind, this is a business whose as assets go up and down the elevator. this is not gillette or proctor & gamble, whose assets don't care who own them. the service business, sensitivity about culture is most critical. that's where we concentrate. david: miles, mdc partners. great to have you. will, wonderful. >> thank you. liz: let us know if sir mortgage taken sorrell calls you. >>> some biggest names in the fast-food industry in a fight that could determine how much money the restaurant chains will make or how high or low the stocks will go. david: massive $3.7 trillion muni bond market is still reallying from the largest bankruptcy in history. is it time to head for the exits or is this a buying opportunity? or is this a buying opportunity? ♪ [ jackie ] its just frustrating... ♪ the midd

kate kelly has more on the bets. kate, over to you. >> maria, 2011 and '12 were tough years for paulson and his fund company has seen its assets cut in half after the peak. part of the problem was a troublesome bet on gold miners when the fear trade was on the rise, but have since crashed down to far lower levels. even this year paulson's gold fund is down 65% and is in enough of a distraction that the company is now reporting its performance a little less widely. paulson often notes that gold is a miniscule part of his $18 billion aum, and not too much of a factor in his overall strategy. to be fair, his other strategies tell a far better story. the recovery fund is up 26% on the year, way better than the s&p, which is something few hedge funds can boast about. it was initiated to buy bets and other u.s. investments that would benefit from the recovery and currently holds names like radian, mgic, and one west bank. and the other funs are the rmr funds, like scompanies like sprint. late friday, he got another potenti

tell your friends british betting agency coral brought in nearly $1.5 million in total bets regarding the name, gender and birth date. now a spokesperson said it's already taken in a profit of $150,000. another betting agency took an average of 893 bets per hour and it saw an additional 10,000 wagers after duchess kate went in to labor. >>> time for the cooler. no more real news, although that was lighthearted news. >>> stephen colbert paid homage to the life of legendary white house reporter helen thomas during his show last night. and he has a theory on what may have led to her death. >> helen covered ten presidents over her 60-year career. and her fellow journalists are remembering her with tributes, anecdotes and, in the case of geraldo rivera, by posting a naked selfie on twitter. though come to think of it, come to think of it, that may not have been a tribute to helen. that may have been what killed her. the trail he's blazing, folks, is for the sexy seniors out there. as geraldo wrote in his tweet, 70 is the new 50. exactly! and if there's one thing people want to see on their

on saturday, we had to suspend betting on victoria. that many bets, 300, 400. she's going to give birth any day soon. enough is enough. >> how appropriate. you got victoria behind you as well. very popular throughout the royal family. quirky bets as well. what is one of the weirder ones. >> the people are betting on anything. which magazine will have the first exclusive pictures. who is going to be holding the baby outside the hospital? >> who is going to be? >> we think william. >> do you agree? >> absolutely. >> you have hair color as well. you said brown. what's obvious. what's this about ginger. 51 to 71 here in the uk -- maybe harry. we'll see. >> you are going on the finances. in terms of developments, when she's in the hospital, the money is going to come in, right? >> this is the latest installment of the windsors. boy or girl, gemini or cancer. we'll find out. >> you are going to have a busy week. you have wimbledon as well. >> exactly. >> you are busy. no odds on john, i'm sure they are there somewhere. >> they decline after hearing this. it's astound

. >> bets are being placed on the child having ginger hair and they are taking bets on who will be picture the first holding the baby. >>> chrysler recalls half a million cars. the specific injuries drivers and passengers may be vulnerable to. next. >> and a reminder if you have a consumer problem or question, call our hotline. volunteers are there right now. we'll be right back. the rally is thanks to posi news on jobs. but while >>> the dow jones is up 107, about 3/4 of a percent. the rally probably thanks to positive news on jobs but while employers added jobs, the unemployment rate went unchanged. employers had 195,000 more jobs -- employees had 195,000 more jobs in june more than expected but unemployment stays at 7.6% because more people started looking for work. the government considers people unemployed only if they are searching for jobs. >>> chrysler is recalling half million cars and utility vehicles because of a problem with head restraints which prevent neck injuries in the event of a crash. microcontrollers in the head restraint could be faulty. the recall includes some chrys

the betting is getting heavy as well today. that's one of the subjects that's been drawing the interest of gamblers, john, as we continue to follow this so does erin mcteague. >> long odds for chardonnay. chardonnay? just a potential royal baby name that got some punter to pluck down a spot of cash. with the heir to the british throne finally here today, there has been big business in betting. >> the most popular bet so far is the name definitely. ever since the duchess of cambridge was seen where she took the teddy bear and nearly made it sound like a daughter. it's all been about girls names. >> but it wasn't. it was a boy. as for what prince william and kate middleton will name their son, the smart money for boys' names has been on james and henry. there's also interest in what color hair will appear on the first born to the royal couple. most think the royal son will be a brunette like the mother. there's a little bit more money on a ginger like prince harry than on a blond like prince william. there are bucks on everything

on everythi >>> they are taking bets on a royal arrival this weekend. british bookmakers are taking books from the baby's birthday to the baby's name. >> the red hot favorite -- particularly busy in the last few days and elizabeth, which would be the great sendoff. >> some are even betting on the baby's hair color. there is good money on ginger, like uncle harry. >> and on the subject of british hair. mcjagers has been sold to the largest bidder. paid $6,000 for a lock of his hair. his girlfriend sold it to benefit a charity in the uk that helps victims of disfigurement. rolling stones are on tour. jagger turns 70 three weeks from today. >>> a lock of his hair? well, we know for now, dwight howard would like to play his next nba game and an embarrassing showing at home by the giants against the biggest rival. ,,,,,,,,,,,,,,,,,, >>> until he signs his name on the dotted line, he has until july 10. anything can happen. who am i talking about? give me a minute. the subject, dwight howard. nba free agent heavy weight. after waiverring through five teams. dw

close it was an optometrist in northern virginia and like many others he was also a fan of sports betting which is something he and his friends and quite often with small wagers but one virginia detective david bowie cam overheard talking about bets one night at a bar he decided to make close to his next project the friend in him and ultimately setting him up as their friendship evolved over many months bo cam continuously pushed closely to up the stakes of his betting hobby ultimately convince closely to bet more than two thousand dollars in a single day now under virginia law that was enough to charge him with running a gambling operation and that's where things took a turn for the worse on a night when both camera range for the two to meet he wasn't alone the detective brought in a whole swat team with them to raid home for any evidence linking him to run in a gambling operation and as closely stepped out of his house to greet his friend he was suddenly shot and killed by another officer his last words were directed at beau cam and he said dude what are you doing the entire incident wa

now i guess they are betting on the name, boy or girl and i hear there are bets being placed on what color pippa middleton's dress will be when she comes to visit her sister. >> you know, it's interesting, though, isn't it, chris? the bottom line is you can bet on anything. if you want my take on it, i firmly believe the name george will be in there if it's a boy and i get a feeling that victoria based on queen victoria, not posh spice of course. being in london there is very many monuments around london that still symbolizes great royal but yet the dress she emerges from when she leaves the lindo wing. there are no designer frocks that will be leaving. they are what they call shopping mall frocks high street wear because she doesn't want to appear she is spending lots of money of our difficult recession times looking glamorous. she always looks glamorous but let's not forget they have spent a pretty penny on the nursery so that is where the money has gone. >> camilla, i read somewhere about the amount of money that was spent on -- to copy her dresses that she wore, the maternity clo

betting of course on the name. if it's a girl, alexandra, george if it's a boy. there's a wager on who will come out carrying the royal heir, perhaps prince william. 31 years ago both of his parents came out of the hospital revealing him to the world. back into 1948 when prince charles was born the fountains of trafalgar square were set to been dyed blue for his arrival. while the bets may have kate giving birth in the next few days, we simply don't know so that business of the guessing game goes on. la ma sa hassan. abc news, london. >> the palace says william will tell the queen when the baby is born but he will not wake her up in the middle of the night. we thank you for watching the latest at abcnews.com. "nightline" later and i'll see >>> everybody was doing what they were trained to do save lives. >> next at 6:00 stories from first responders describing the struggles to rescue people from the asiana plane wreckage. >> taking a look at passenger ef wrorts to escape new video shows what happened just seconds af

capital and then we'll take a bet with this money and he'll make a bet let's say on the end you know up or down and it put some money on the bet like this if he's right they need takes the money back and says oh that's my money that's my money i made a winner but if it's a losing bad he says oh you lost your money you're a loser oh sorry you're a loser let's make another bet i'm going to bet that the dow jones is going to go higher you're up at this moment money let's see if it works out of dow jones goes i hope that's my money oh i made more money or dow jones goes down sorry that was your money that's your bet oh no you keep it you keep the loser oh you keep the loser see it's all of the winners i keep in the micro mailings game the losers you keep all by the way you develop by the government go see the government go see barack obama look at your obamacare go get your obama phone take the money from about i got the winners you get the losers well speaking of you know keeping the winners and getting rid of the losers and the threat of jail here's a headline j.p. morgan to sell commo

they are also betting on who is wall street's best athlete, and you can place your bets as well. all of them in the name of fighting pediatric cancer. it's summer on the street friday here on the "closing bell." mar why and i look forward to seeing you at the top of the hour after more "street signs" comes your way after this. ♪ this is the pursuit of perfection. a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. really? 25 grams of protein. what do we have? all four of us, together? 24. he's low fat, too, and has 5 grams of sugars. i'll believe it when i--- [ both ] oooooh... what's shakin'? [ female announcer ] as you get older, protein is an important part of staying a

and over there is a sea capital and then we'll take a bet with this money and he'll make a bet let's say on the ends you know up or down you know put some money on the bet like this if he's right they need to make some money back and says oh that's my money that's my money i made a winner but if it's a losing bad he says oh you lost your money you're a loser oh sorry you're a loser let's make another bet all i'm going to bet that the dow jones is going to go higher you're up at this moment money let's see if it works out of dow jones goes i hope that's my money oh i made my money or dow jones goes down sorry that was your money that's your bet oh no you keep it you keep the loser oh you keep the loser see it's all of the winners i keep in the micro mailings game the losers you keep all by the way you do to bellow by the government go see the government go see barack obama look at your obamacare go get your obama phone take the money from about i got the winners you get the losers well speaking of you know keeping the winners and getting rid of the losers and the threat of jail here's

they are betting. >> we've taken somewhere around 1,000 bets per day. >> reporter: the most money betting of course on the name. if it's a girl, alexandra, george if it's a boy. there's a wager on who will come out carrying the royal heir, perhaps prince william. 31 years ago both of his parents came out of the hospital revealing him to the world. back into 1948 when prince charles was born the foupss were set to been died blue for his rival. we simply don't know so that business of the guessing game goes on. >> the palace says william will tell the queen when the baby is born but he will not wake her up in the middle of the night. we thank you for watching the latest at abcnews.com. "nightline" later and i'll see you right back here. good night. >>> a female player gets judged beyond the game. >>> techie ways for couples to sleep better and slim down by eating? our list of fat-fighting foods. you're on "the list." we've spent date searching the world's top trending stories. not unlike the producers of the "lone ranger" searches for excuses for their box office dud. here are the top five

and over there is a sea capital and then we'll take a bet with this money and he'll make a bet let's say on the end you know up or down and it put some money on the bet like this if he's right they need to take the money back and says oh that's my money that's my money i made a winner but if it's a losing bad he says oh you lost your money you're a loser oh sorry you're a loser let's make another bet all i'm going to bet that the dow jones is going to go higher they're up at this moment let's see if it works of dow jones goes i hope that's my money well i made more money or dow jones goes down sorry that was your money that's your bet oh no you keep it you keep the loser oh you keep the loser see it's all of the winners i keep in the micro mailings game the losers you keep all by the way you do to bellow by the government go see the government go see barack obama look at your obamacare go get your obama phone you know take a lot of about i got the winners you get the losers well speaking of you know keeping the winners and getting rid of the losers and the threat of jail here's a hea

there are potential for bets down the road and bet on the baby's first words, is that correct? >> yeah, we're taking bets on everything, we're british, this is the royal family and royal baby, this is a double header for us, and betting baby's first word. who is going to hold the baby outside of the house. which magazine will have the pictures. jump forward what's the name of their first girlfriend or boyfriend. what nightclub will they first be seen leaving, a journalist, a book maker or represent team gb in the olympics? >> outside the world of betting, i believe it's a huge excuse for a huge party with an awful lot of drinking in britain, is that correct? >> yeah, i can confirm that. we're on the roll. and murray won wimbledon and the royal bump is about to pop. the sun is shining, we're all suffering from sun stroke and this is a great time to be british. stuart: okay. may i point out to our american viewers that, in the entirety, the ashes is something, is a cricket game between england and australia. and last one for you, rory. i'm told that william hill, had a huge book

the betting is going on in britain because it's not legal to be betting on entertainment here in the united states. but you might want to get those office pools ready. pretty long odds today for chardonnay. chardonnay? oh, just a potential royal baby name that got some punter to pluck down a spot of cash. with the heir to the british throne finally here today, there has been big business in betting. >> the most popular bet so far is the name, definitely. ever since the duchess of cambridge was seen at the public appearance where she took the teddy bear and nearly made it sound like she was going to say daughter, it's all been about girls' names. >> but it wasn't. it was a boy. as for what prince william and kate middleton will name their son, the smart money for boys' names has been on james and henry. there's also interest in what color hair will appear on the first born to the royal couple. most think the royal son will be a brunette like the mother. there's a little bit more money on a ginger like prince harry than on a blonde like prince william. there are bucks on everything, fr

capital and then we'll take a bet with this money and he'll make a bet let's say on the end you know up or down and it put some money on the bet like this if he's right then he takes the money back and says oh that's my money that's my money i made a winner but if it's a losing bad he says oh you lost your money you're a loser oh sorry you're a loser let's make another bet all i'm going to bet that the dow jones is going to go higher you're up at this moment let's see if it works well dow jones goes i hope that's my money oh i made more money or dow jones goes down sorry that was your money that's your bet oh no you keep it you keep the loser oh you keep the loser see it's all of the winners i keep in my cold mailings game the losers you keep all by the way you do to bellow by the government go see the government go see barack obama look at your obamacare go get your obama phone take the money from about i got the winners you get the losers well speaking of you know keeping the winners and getting rid of the losers and the threat of jail here's a headline j.p. morgan to sell commodit

friends and quite often small wagers but when virginia detective david camm overheard talking about bets one night at a bar he decided to make close to his next project the friend in him and ultimately setting him up as their friendship evolved over many months bo cam continuously pushed closely to up the stakes of his betting hobby ultimately convinced closely to bet more than two thousand dollars in a single day now under virginia law that was enough to charge him with running a gambling operation and that's where things took a turn for the worse on a night when both camera range for the two to meet he wasn't alone the detective brought in a whole swat team with them to raid home for any evidence linking him to run in a gambling operation and as closely stepped out of his house to greet his friend he was suddenly shot and killed by another officer his last words were directed at beau cam and he said dude what are you doing the entire incident was chalked up to nothing more than a mere accident by authorities to add insult to the death fairfax attorney robert horan said i feel for the f

melissa: anytime a stock sells, the buyer is betting it's going to go up, the seller is betting that it's going to go down. you don't want to lose sight of the fact that he was essentially a kid. he was under 30. right now he's getting a ph.d. in economics at chicago, i think it is -- >> right. melissa: made the trial so that it's happening during his summer break. [laughter] you know, i mean, it's like he's doing his college internship or, you know, he's home from school for the summer being tried for, you know, by the sec. does that factor in, do you think, to the jury? >> i think that's got to be a question, and it is ironic. after all of the crisis and this that the guy they end up hearing have in court here at the end is a student who's doing this trial part time. melissa: yeah. really. james, thanks so much. it's going to be interesting to watch. moving on to marketing magic that only j.k. rowling could be capable of. the writer has just admitted that she secretly wrote the now-best selling novel the cuckoo's calling which was published under the sigh do name robert galbraith.

gold will be partially backed i would bet anything. front west to east it is massive and redoing hour best the chinese say thank you for letting us to buy it in 1800 because if we had to we would pay up to 2500. the chinese don't think given quarterly intervals they think tenures this is why you have the idiocy of over investing there doing if they think kohl will peak in 2025 you don't build infrastructure in 2024. that is what they're doing with gold and yuan. germany and london are all major competitors who will be the hub of yuan trading. they get. liz: it is okay to buy at this level. >> it may be up and down but at 1500 it is okay to buy. you will buy in one of the biggest bull markets in our lifetime. liz: so hold onto it? >> please. he is backing up yesterday i talked to charlie gasparino if he put on monday spandex i would make a second big donation to building homes for heroes that the fox business faces are raising money for the triathlon. i am getting weird signals i've not wearing the bike shorts i about wearing anything s

a big day for betting. tens of thousands of gamblers still waiting to see if they picked the right name for the prince of cambridge. this special edition of "nightline," the royal baby, heir to the throne, will be back in 60 seconds. >> announcer: this is a special edition of "nightline." "the royal baby: heir to the throne." >>> good evening. i'm dan abrams, and thanks for joining us. it's a boy. it was expected to be a baby announcement like no other. steeped in centuries-old british royal traditions. a jealously guarded secret released via a bulletin, driven from a hospital to a palace, framed and placed on a royal easel. and only then displayed for the world to see. but this time in 2013 the celebratory announcement that kate, the duchess of cambridge, had given birth to a healthy baby boy, came via e-mail. with all the pomp and formalities coming shortly thereafter. and abc's lama hasan was there. >> reporter: the waiting is over. it's a boy. a future king. eight pounds and six ounces. that's britain's

why place our bets in a region we seam to make losing bets, i was with secretary ron paul, saying cease and desist, we're putting good plenty after bad, we have groups that end up hating us, not liking us, killing us, and stop it. >> the reason we have to be -- the degree of our activity in the region, is different now than it would have been 40 years ago when i was involved. but egypt is the key arab country, the largest population, the one that is cultural leader to the others, cannot be in our interest with a reduce law that whole islamic world is aflame. and turned against the united states and part of that hostility to the united states, results from fact that we look increasingly irrelevant. neil: is part resentment we keep throwing good money after bad, and our money does not buy us friends. >> we should not give money to buy our friends,. neil: what is what we do. >> we should give money for an outcome we believe will improve the situation. in early mubarak period we had a very fruitful relationship with egypt. there are people in cairo, and in the country, and also among the mi

alosi was an optometrist in northern virginia and like many others he was also a fan of sports betting which is something he has friends at quite often with small wagers but when virginia detective david camm overheard talking about bets one night at a bar he decided to make close to his next project be friending him and ultimately setting him up as their friendship evolved over many months bo can continuously push closely to up the stakes of his betting hobby ultimately convince close. to bet more than two thousand dollars in a single day now under virginia law that was enough to charge him with running a gambling operation and that's where things took a turn for the worse on a night when both camera range for the two to meet he wasn't alone the detective brought in a whole swat team with them to raid home for any evidence linking him to run in a gambling operation and as closely stepped out of his house to greet his friend he was suddenly shot and killed by another officer his last words were directed at beau cam and he said dude what are you doing the entire incident was chalked up

i did not make a bearish bet. i said to avoid it. i can't buy intel here. talk to me at 19 or 20. >> it got downgraded by ever core yesterday. >> it's going lower. look at a chart. it had trouble at 24 before. had trouble again the stock is headed down. i still would not be in it. >> i mentioned a moment ago they're following this developing story out of the gulf of mexico regarding oil. do you have anything more? >> reporter: i do. it's actually more of a nat gas well. the safety environment enforcement telling us that there is a leak. they say there is no oil being released into the water despite reports of a visible sheen. they say this is a natural gas leak. this type of leak not something that you hope to happen but it has been known to happen a couple of times a year. there have been similar incidents since 2009. also analysts that i spoke to say this area the ship block, 225 platform is a shallow water area 75 miles after the coast in louisiana, mostly natural gas in that area a mature area so they're not exploring in deep water and going to a new de

close who was an optometrist in northern virginia and like many others he was also a fan of sports betting which is something he has friends at quite often with small wagers but when virginia detective david camm overheard talking about bets one night at a bar he decided to make close to his next project the friend in him and ultimately setting him up as their friendship evolved over many months bo cam continuously pushed closely to up the stakes of his betting hobby ultimately convince closely to bet more than two thousand dollars in a single day now under virginia law that was enough to charge him with a. running a gambling operation and that's where things took a turn for the worse on a night when both camera range for the two to meet you wasn't alone the detective brought in a whole swat team with them to raid home for any evidence linking him to run in a gambling operation and as closely stepped out of his house to greet his friend he was suddenly shot and killed by another officer his last words were directed at boca and he said dude what are you doing the entire incident was chalked

ty likes to do one-sided bets where he'll bet if he makes something and if he misses it's nothing. and i bet garret that if i made a shot from across the backyard he had to pay for my sandwich. >> of course, college guys. got to make a free lunch any way we can. >> i took the bet for some reason. i threw up a shot from behind the back and drained it. >> he made it. swished the shot his very first try. >> they can't believe their eyes. >> so we go grab the little picture camera. >> we'll see if we can get it on film. as soon as we saw it on the camera, that was the game changer. >> we all wanted to top each other. >> crazy shots behind the tree. >> standing up on the roof. it's in the hole! >> we started filming everything. bigger and bigger and bigger. >> the guys edit the footage together. but before uploading it, they decide the posse needs a name. >> the name came about on accident. we were sitting in the backyard and we decided to put the camera up on the rail. he looked through the camera and saw it was perfectly in frame. and said -- >> dude, perfect. >> it's something guys s

you know, i'll bet she's in a better place now. i'm sure she is. [ ethereal music plays ] [ motorcycle revving ] getting you back on a brand-new bike. now, that's progressive. trust your instincts to make the call. to treat my low testosterone, my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. c

a >> i was super nervous up theree >> i bet. can you imagine the pressure. pe >> you don't want to be like that. >> sue through it last year andd did great.gr >> she was prepping for that tha thing for a while if you arere playing ball today lots of water. we're heading in the 90s and 90s going to stay there for the foreseeable future. 89 it's going feel like so cool. that was the high temperature t yesterday and plenty of humidity as well. 89 yesterday at reagan national and dulles. 88bwi marshall. let me emphasize we're going to enter a stretch here where the temperatures are going to be well to the nient and talking about dangerous heat for the next several days. s temperatureve right now we're getting used to this act here where we don't really cool off overnight. 77 in washington.ton. 72 in leonardtown. 75 in annapolis. doing better in places like frederick. 68. 70 in martinsburg and winchester. heat index approaching 100 as as well. we've got lots and lots of heat to talk about. that's about it. here is the good news.ews so wet around here for the last

i bet on american workers and american ingenuity and three years later that bet is paying off in a big way. >> so much for that campaign promise. detroit is now officially bankrupt and the liberal drum beat for a federal bailout of the motor city is growing by the minute. is that where you want your tax dollars to go? we want to hear from you. log on to hannitylive.fox news.com. you get to vote for the video of the day and tell us what you think of the show. nikki haley showing off serious fire power. if you want to see the rest of this, cast your vote right now. hannitylive.foxnews.com. on water. ♪ or turn nature into power. ♪ night wasn't supposed to look like noon. ♪ and we certainly weren't suppos to haul 30,000 pounds up by the bootstraps. ♪ but with best-in-class 850 pound-feet of torque, ram can. ♪ this is the full line of new ram commercial vehicles. here's to the next frontier man isn't supposed to take on. guts. glory. ram. [ susan ] i hate that the reason we're always stopping is because i have to go to the bathroom. and when we're sitting in traffic, i worry i'll

the bank profit from extended rent and bets made on the future of those metals by their trading arm. >> john: so let's get this clear-- if these reports are right, goldman can bet on the future price of aluminum while simultaneously having the ability to goose the future price of aluminum if that's something they find interesting and/or profitable. ( laughter ) in the stock market, that's what's known as insider trading. in the commodities market, that's known as simply thursday. or monday or tuesday, friday, or wednesday. ( laughter ) so how much is this scheme costing the american citizen? >> the beer institute estimating the higher premiums caused by the bottlenecks cost them an additional $3.6 billion each year. >> john: wait, first things first-- there's a beer institute? ( laughter ) ( applause ) >> john: that's a party store right there. i assume their mascot is the fighting blaah. so goldman sachs is making us pay billions more for aluminum cans and profiting off the back of that, that makes he so mad. i think i need a cold drink. oh, i'm playing into their trap! every time i

don't you bet on it. a huge week is here as one key housing stat surprises to the upside, and we wait on the fed. let's make a deal. big mergers stealing the headlines. we'll look for clues as to who may get the next urge to merge, and one one of those deals may leave a modern day mat man like don draper into tears. stock picks for you from a five-star fund manager, and bmw rolling out an all-electric car. the i3 is here. we'll go outside and take a look at it, and we want to hear what you think about a car. a 90-mile range. some say it's simply not enough, but do you like the looks? let us know. hi, everybody. mandy is still on vacation so i'm going to hit the stats for you, and even though pending home sales came in better than expected the dow is down 46 points right now. there are stom some stocks higher. the fest outperformer is pfizer and among the biggest decliners including the financials like a bank of america, if you will. so really are a down market. a little bit mixed and caterpillar also doin

i bet on american work sxers three years that bet is paying off in a big way. >> elle, he said i will not let it go bankrupt and these bets are paying off in a big way. >> there may be a big difference tone betting on american corporations and american people. corporations are not people and maybe we should bail out people and not the corporation. >> go a head. >> we are blaming capitalism for the down fall of detroit. no, how about the corruption and generational democratic rule in that city and the unions that held the public sector hostage as things were changing in the car industry there. they didn't adopt and the level of corruption and democratic rule. throw money and do what the unions say. that led to the down faul of detroit. >> this is a clip from jo- wattson put in perspefktive what people are looking for. >> after the election of jimmy carter. alexander young and he went to dc and came back home with the bacon. that's what you do. >> is that what you do, elle? >> they waited for uncle sugar to come and rescue him. >> there is a tax base that left. >> why did they leave? >>

all of the banks got in trouble in the financial crisis because of the bets they place on the mortgage market and the securitization that happened from that we saw just last year j.p. morgan have a trading loss that they first. started as a loss of you know some they thought that their loss was two billion then it became six billion. and that's just one example of something that can't be valued if they don't know their total risk which is hard for for even the banks to know at any given time and we have capital management stevie cohen's front for him is facing charges allegations of insider trading wire fraud and the hedge funds are leverage to the hold to i think they had thirteen billion dollars under management but they actually had forty four billion dollars and what you're saying if i understand it is that when we have a systemic panic it's that higher number it's like the total leverage amount that really matters leverage is the key and i think we're going to talk about that yeah definitely leverage is you know for the lay person leverage is about borrowing someone else's money t

a pretty safe bet that the fed will taper. the market's reacting positively the major indices are all to the upside right now. it has been a very choppy ride today. following the numbers throughout the day. the dow pushing session highs. thirteen and the s&p, 27 on the nasdaq. team coverage of the top headlines, including the latest on the standoff in egypt and how we got to this point. rich edson is following that story. jason is on the floor of the new york stock exchange. the floor of the cme. tell us of the middle east turmoil is impacting oil prices. first, over to you, jason, the floor of the new york stock exchange. was stuck out to you? >> you know, business as usual. you know, the trend is your long is the way to go. after the fed the spooked, it seems to be business as usual and we're continuing with this upward bias which is probably the right course. cheryl: does this mean that the fed is most likely going to taper? is that already priced into the market? >> i totally believe that is the case. again, what happened

the bets keep pouring in on what the names will be. 50,000 bets were placed before the baby was born. most of the money or george or james, as we've been talking about. alexandria was the top name for a girl. they are taking bets now on what his first word will be, whether he will represent great britain at the olympics one day, all kinds of silly things. a british bar in san jose is celebrating the birth. there was a baby shower this weekend. the manager says there will be cake and champagne at the celebration. the bar at 1527 almaden expressway. the details and exact time will be posted on the bar's facebook page and twitter account. you can go to our website, kut.com, for latest -- ktvu.com, for the latest, including the tradition that could influence his name. you will find that at the top of the home page. >>> 7:48. new attention today on george zimmerman just days after being acquitted in florida for the shooting death of trayvon martin. zimmerman is being credited with helping to rescue a family of four. police in florida say last wednesday, zimmerman stopped to help the family

i bet on american workers and american ingenuity and three years later that bet is paying off in a big way. >> so much for that campaign promise. detroit is now officially bankrupt and the liberal drum beat for a federal bailout of the motor city is growing by the minute. is that where you want your tax dollars to go? we want to hear from you. log on to hannitylive.fox news.com. you get to vote for the video of the day and tell us what you think of the show. nikki haley showing off serious fire power. the great outdoors, and a great deal. grrrr ahhh let's leave the deals to hotels.com. perfect! yep, and no angry bears. up to 30% off. only at hotels.com. (announcer) at scottrade, our cexactly how they want.t with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everi'm with scottrade. me. (announcer) scottrade. awarded five-stars from smartmoney magazine. ♪ ♪ ♪ [ male announcer ] i