schlesinger, thanks very much. >> thank you. >> reporter: scott. >> pelley: anthony mason, jill schlesinger, thanks. in a sharp break with past u.s. policy, the trump administration is signaling that it will not oppose the expansion of israeli settlements in the west bank, though yesterday it warned that they may not be helpful to achieving middle east peace. seth doane visited claimed by both the israelis and the palestinians. >> reporter: this is not a neglected neighborhood in america, but beit el, an israeli settlement built on land claimed by palestinians. hagi ben-artsy has called it home for 40 years. >> we shall see real houses because of president trump. >> reporter: ben-artsy is encouraged by the thousands of new building permits issued to israeli settlers since president trump took office. the international community has condemned these settlements. the united nations has called them illegal. and for decades, the united states has opposed any expansion here. that may be changing. beit el's yeshiva religious school has friends in high places. david friedman, mr. trump's pick for u

schlesinger, thanks very much. >> thank you. >> reporter: scott. >> pelley: anthony mason, jill schlesinger, thanks. in a sharp break with past u.s. policy, the trump administration is signaling that it will not oppose the expansion of israeli settlements in the west bank, though yesterday it warned that they may not be helpful to achieving middle east peace. seth doane visited the land claimed by both the israelis and the palestinians. >> reporter: this is not a neglected neighborhood in america, but beit el, an israeli settlement built on land claimed by palestinians. hagi ben-artsy has called it home for 40 years. >> we shall see real houses because of president trump. >> reporter: ben-artsy is encouraged by the thousands of new building permits issued to israeli settlers since president trump took office. the international community has condemned these settlements. the united nations has called them illegal. and for decades, the united states has opposed any expansion here. that may be changing. beit el's yeshiva religious school has friends in high places. david friedman, mr. trump's p

anthony mason and jill schlesinger have more on that. >> reporter: scott, the esesident ordered a review of regulations that were imposed after the financial crisis under the dodd-frank law. jill, the president wants to change those regulations. what did they do and how exactly does he want to change them? >> the most direct impact on our lives is that the dodd-frank act created the consumer financial protection bureau, the c.f.p.b. and that was the first agency whose sole mission was to put consumers first and watch out for us. now, what they've done is they've helped transparency on credit card bills. they've gone after some very scrupulous mortgage practices, student loan servicers have come under a lot of pressure, and e ey were looking to put some firm rules in place against payday lenders. but, again, all consumer focused, nothing to do with the big, broader economy. >> reporter: all right. the president also wants to make a change that could have some impact on folks saving for retirement. what are we looking at here? >> this is the so-called fiduciary standard. the department of

cbs news business analyst jill schlesinger, thank you. >>> time now 5:41. still ahead, a year in space apparently can change your dna. we'll explain. ,,,,,,,,,,,,,,,, "shane hort" posted this video to youtube. he says his daug >>> look at that. some sea lions got a ride when they hopped on the back of a boat in mexico. shane posted this video on youtube. his daughter was having a blast feeding the sea lions some fish. they grabbed on the back of the boat and held on for several minutes worth of snacks. >> they should be careful. isn't that where the carbon monoxide is that comes out of the -- >> yeah. but for the fish, you know, they are happy to take the fish and the carbon monoxide, as well. seals deal with it. >>> researchers have released the first results of their unique study on astronaut scott kelly and his twin brother mark. the study was conducted during scott kelly's year in space while mark was on earth. chemical modifications of his dna increased in space but returned to normal on solid ground. mark's dna shifted around slightly during the study

cbs news business analyst jill schlesinger reports. let's starts with the numbers on retail sales and inflation. >> reporter: so good news on both. sales increased in january every category improved except auto dealers but sales tail off after the holiday. sales up 5.6% from a year ago. the government also reported consumer prices were up by 2.5% from a year ago. why is that good news? because we were worried that prices were staying stagnant. that's bad for the economy. stagflation could happen, deflation. so we are happy to see that prices run and when we strip out food and energy, core prices are up by 2.3% in the past year. one little down beat note. hourly wages when adjusted for inflation, they fell in january. that's because higher gas prices hit us. over the last year we have seen wages become flat when you factor in inflation. but that's expected to actually change. it looks like the labor market is tightening up and we are starting to see some wage pressure. so hopefully we all get a raise this year. >> absolutely. i'm for th

go online to find more. >> thank you, jill schlesinger. >>> time now 5:42. we think our weather is bad? try going up this hill dealing with these icy conditions. we'll take you there next. ,,,, ♪ with ingredients like roasted hazelnuts and cocoa, the delicious taste of nutella takes pancakes to a whole new level. make any day a pancake day with nutella- spread the happy! snowplows and salt trucks hit the roads as the first flakes began before the morning commute. many rushed to stock up >>> the northeast is bracing for the biggest snowstorm this season. snowplows and salt truck hit the roads as the first flakes began before the morning commute. many stocked up on food and other essentials. people in massachusetts and maine are gearing up to take the brunt of the hit. the national weather service predicts the states could get 12 to 18 inches of snow. >> we want people to stay indoors as much as possible. dress in layers when you're outside. it's going to be hazardous travel so why don't you stay off the roads? >> storm is forecasted to bring frigid temperat

cbs news business analyst jill schlesinger here to break it down. jill, let's start with the retirement account. what is it and why should we care? >> reporter: the department of labor was due to implement this new rule on april 10. and the rule would force advisers and their firms which oversee about $3 trillion in retirement savings to work in their clients' best interests. now, this is referred to as the fiduciary duty. currently, most development professionals had held to a lesser standard called suitability and so that means that whatever is sold to you or whether your adviser tells you to do something, that advice has to be appropriate but it doesn't have to be in your best interests. now, financial firms fought back against the rule over the past year or so. they argued that the new rule would make it prohibitively expensive to service middle class americans who have smaller accounts. i think those are the messages that the trump administration is responding to. but on the other side the financial planning coalition has said the industry's ar

cbs news business analyst jill schlesinger is live with a lot at results. good morning. >> good morning. >> jill, let's start with the numbers honorary tail sales and inflation. >> well, here's good news retail sales actually increased in january, every category, showed i am o except auto dealers but their business does tail off after the holidays. sales were up a solid 5.6 percent from the the year ago. government also report that had consumer rises were up 2.5 . you may think that is weird that is good news but we have always been worried that rises are staying too low, we are worried about deflation. when we strip out volatile food, energy core prices up by 2.3 percent. one little down beat note i hate to report but let's just say, hourly wages when we adjust those wages for inflation, they fell in january. that is mostly because we saw higher gas rises. real wages, that means when we adjust for inflation, they are flat over the past 12 months. we are hoping that accelerate because job market its tightening up. >> how does this all impact the fed? >> rep

. >> here to explain economic impact of immigration, cbs news business analyst jill schlesinger joins us live there new york, good morning, jill. >> reporter: good morning. >> what is economics case for immigration. >> reporter: so this is by the numbers. everyone relax and take a deep breath as we get through it. research has found that immigration leads to innovation, as well as a better educated work force. think bit, tech giant apple, e bay oracle were founded by immigrant or children of immigrants and in most cases from countries that are part of the trump order. many american companies rely on educated immigrants to staff their operations, so a ban could cause, talented people to go elsewhere maybe canada where they are more welcomed. in addition to stricter immigration corporate america is worried that trump's agenda on trade could cut off u.s. from the world, and frankly isolationism is in the good for a multi national global business, even u.s. based manufacturers have come to rely on a seemless supply chain that has been established through nafta that is why experts worn cos