You would think other banks would be piling on the negative statements but do they feel sorry for city and their ceo . Charlie gasparino is here with the details. Call the bankers bonus and how is this not keeping in that thing . When you talk to rival bankers they have no reason to stick out for citigroup and not on the record because they are afraid. What they say is look at the arbitrary nature of what goes on with stress tests. Last year jpmorgan didnt fail to address tests but they got some sort of delay and asked for more stuff to do more stuff in terms of capital and all that so they delayed and forced them to do more. Why did they do that . The people at jpmorgan did that not because they have a capital fund but believe it was payback for the london whale. Whenever these raiders miss something they use the stress test as a way of smacking back at the banks and putting them on notice. That is what dick bove said. Adam a lot of taxpayers would say good. We could wait in and go back and forth but citigroup people believe this is clearly payback for that scandal they had in the mexican subsidiary, a huge scandal brewing, foreign bribery making loans to bad players in mexico, they are getting hit pretty hard in mexico. Y investigation, an fbi investigation. They believe the stress test which is arbitrary is holding them accountable for that. This is how they get back at banks, use the stress test. Adam what about holding city accountable for the fact that you and i and 310 million americans shaved the proverbial but of those people billions of dollars . That is a different issue. All these banks too big blue station breaks,. Very hard to manage. Michael corbett, ceo of citigroup needs to be taken to task for the fact that he didnt see this coming. That is why he was brought in. Adam the scale. If there is an arbitrary nature to the stress tests. Does anybody think citigroup will go out of business . Adam we saved them the last time. This is a company that the shareholders are saying right now it is not a company that is going out of business. Shareholders i think no more than regulators. If the regulators throw red flags up there. Talk about an ugly charge but if you look at these sort of pattern of the players that have failed, will get dinged on the stress tests is usually around a scandal that often regulators in this. No offense to the fed go and the sec, but jpmorgan is a highly regulated bank, a bank that undergoes examination, has the fed living in their offices. Jpmorgan feels sorry for city. If you think about it, they are dealing with the same issue, too much federal oversight. This is a barrier to business for all of them and lending, you have regulators on one side and Federal Reserve saying we need liquidity. A lot of checks and balances, which stress tests collect the banks during the financial crisis . Who knows. A lot of that was offbalance sheet that regulators, we should point out the london whale was uncovered by reporters and the bank fessed up to it. Was not uncovered by fed officials that were sitting inside jpmorgans office. The subsidiary of citigroup that was not uncovered because a bunch of regulators found it out there. It is almost an aftereffect. These stress tests almost come after if you look at it and aftereffect when they fail. They are always behind the curve. A was not a failure of the stress test. The decline citys request to buy back shares. That is why we are talking about. This is a bank that had 600 billion off balance five years ago and they still havent cleaned it up. They passed last year. Wears a allowed to give as much back . The shareholders get hurt here. Were they allowed to give as much that . Theoretically i dont have the stress test in front of me and i am not a back a Bank Regulator but banks are getting stronger. I dont know how much weaker is they could get. For citigroup to fail this thing, listen, i think they should break up the banks theoretically, but it sounds fishy when every time these guys get dinged on the stress tests it is after a scandal that regulators action will in this. And that is the inside story. Look at the coincidence on the failure of these. Cheryl thank you so much. Good stuff today. A stock alert for you. Major averages in the green at the dow turns positive for the week. Lets head to the floor of the stock exchange, nicole petallides. Nicole looking pretty good. Dow jones industrials off 101 points of the earlier highs. In the green for the week so that is green news for the bulls out there. There was shortcoming as well. A lot of focus seems to be on some new money coming in to wall street. Lets take a look at the new ipo and cvs outdoor, namely are falling and it is a winner today didnt have the ideal, 61 4 , 2975, great performer was spun off the advertising overall, but certainly had its trading debut and doing well on its first day. Adam and other business of the General Motors helping the sale of 2,01314 chevrolet crews. It is done the over 1 million cars recalled for the faulty ignition switch. It has never made a further comment. Sources tell us jeff flock to expect a statement from gm later today. Cheryl is amazon delving into the world of media. Wall street journal says the company is supporting movie and music streaming server solution netflix and judy shaping it . Jo lin king as the details. Netflix taking a little bit because amazon got something up its sleeve but first amazon denying reports that it may seem like free advertising supported the is streaming service that lookalike who but with the original content from amazon. The new service would offer free music videos with ads for people practicing music on amazon. Company is experimenting with new products but they denied any free media. Amazon announcing changes to their Video Service in new york next wednesday morning. We are anticipating a debut of new video screening device, a stick that will be similar to the google crown cap. They said it will be an update on video business from peter larsen. He is the Vice President of kindle. We will bring you those updates next week. Checking amazon stock, up 1. 4 . Netflix falling 1 2 . It is up off of its lead earlier lows. Looking to the amazon event next week, we could see a game consoles, that is possible earlier this year. Confirming they want to build out their gaming opportunities but we are focusing on that u. S. Beef sticks that will be their new video streaming devices. Cheryl thank you so much, great news. Adam visa seeking 5 billion for what walmart says has been excessively high slight fees from credit card company. That new laws it comes after walmart opt out of the classaction suit which other merchants, which had other merchants suing these and mastercard. Cheryl to the latest developments on tesla, national Highway Traffic Safety Administration closing its investigation into the recent fire accident of the electric vehiclemaker. The investigation began last november after three cars caught fire this as teslas ceo elon musk took to his blog this morning announcing plans to add a titanium shield to the underbody of all its vehicles to protect a battery. Will that make a difference . I have no idea. I think it is the coolest looking car on the road. Cheryl i dont want to to catch on fire. We all want that in any, we are in. Cheryl the deadline is coming down on consumers to register for obamacare. The rush to boost registration and make up the 1 million consumer enrollment back facing the government. Adam the Worlds Largest media buyer, the 96 billion man. Her when gottlieb on the future of advertising. Cheryl a quarterly loss is still a win. Struggling smart phonemaker blackberry surprising the street big time. Ive always had to keep my eye on her. But i didnt always watch out for myself. With so much noise about health care, i tuned it all out. With unitedhealthcare, i get information that matters. My individual health profile, not random statistics. They even reward me for addressing my health risks. So im doing fine. But shes still gonna give me a heart attack. Innovations that work for you. Thats health in numbers. Unitedhealthcare. When folks in the lower 48 think athey think salmon and energy. A, but the energy bp produces up here creates Something Else as well jobs all over america. Thousands of people he jobs all over america. To safely produce more energy. But thats just the start. To produce more from existing wells, we need advanced technology. That means hitech jobs in california and colorado. The oil moves through one of the Worlds Largest pipelines. Maintaining it means manufacturing jobs in the midwest. Then we transport it with 4 stateoftheart, doublehull tankers. Some of the safest, most advanced ships in the world built in san diego with a 1 billion investment. Across the united states, bp supports more than a quarter million jobs. And no Energy Company invests more in the u. S. Than bp. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. Adam blackberry back from the dead, a much narrower than expected loss. Scott martin, chief Market Strategist at united adviser, and fox business contributed joins us now. Blackberry Ceo John Chen is pleased with the progress the company is making. Do you agree with the perspective of the street or is this a lot of word vomit. I love the term word vomit. It might be a little after a hangover. And we get up from the hospital, and losing tens of millions of dollars. And the blackberry tablet. And the competitor closed in on that. And the millions of phones, blackberry selling 1 or 2 million. It is a tough spot to be in. One of those deals where the companys parts are greater than the sum, and they the ceo is saying they will have Revenue Growth returning fiscal 2015. That is a little more vonage. That is hard to deliver on. Lets see if they can deliver it again. And in total itself. Adam lets go by tombstone for blackberry and move to amazon. They are certainly a serious threat of a problem and they have the big announcement next week. Shares are up, jo lin king will be covering the big announcement next week. What do you expect out of that. She is right. This is interesting about amazon. Blackberry is going down, amazon rising and they are going to point sale. You are talking about a company, website with tens of millions of people coming every month talking about this streaming video that will help people look at a video, look at a movie, watch a dvd and go to the purchase point. You dont have to click anywhere on the page, you can get it right then and there. That is what the future is. You have to make it easy for customers to buy stuff. Amazon is taking advantage of that. Adam we were triple digit earlier, will this be a lost quarter when we going to earning season . Some are saying it is not a good quarter. Probably not going to be a great quarter but maybe, maybe not, this looks like consolidation more than anything, the market is expecting lousy earnings, anything above that will be very good. Adam as we said, the dow up 79 points. Cheryl we are getting some breaking news. Kansas city Federal Reserve president bastard george, the nonvoting said member says that she sees slower u. S. Growth in the First Quarter after inventory buildup in the fourth quarter. Continues to say labor Market Conditions are improving but she warns she expects companies will find it harder to hire. We get some comments from a non fed voting member, markets flooding back a little bit. And were showing you breaking news there. We lost about 30 points in the last few moments. We will continue to watch the markets for you. We were hoping to get the dow end on a positive week. Somewhat mixed about the economy. Lets begin with the west coast man at. A lot of gambling revenue down 14 in february from one year ago. State Officials Say the new climate of revenue in the las vegas struck, in lake scott hoch, less dramatic declines. 59 million in taxes with february revenue, tougher the state since 5 drop from last year. Alaska air is expanding in seattle, two new routes that it was nonstop to baltimore and albuquerque, the airline is expanding operations as the carriers under the threat of increased competition from Delta Air Lines building out more routes. Lets take a look at these stocks. The Airline Sector has been improving, stocks are down slightly today. Alaska, delta have been doing pretty well as far as Stock Performance goes. Speaking of airports and investigation into theft, Los Angeles International has resulted in the discovery of one of the biggest criminal rings in the airports history. Julian tutt the items were stolen by baggage handlers working in tandem for several months. Police got suspicious for one company that handles bags at lax with high instance of the 3 ports. 25 workers were detained, that is your west coast minute. Adam in the sky, is it a bird . Is a plane . It is the space book drone. Facebook and its bid on Drone Technology bringing social media sites to areas unable to access the internet. Cheryl president obama in saudi arabia meeting with King Abdallah right now. Energy all stars are next. So our business can be on at ts network for 175 a month . Yup. All 5 of you for 175. Our clients need a lot of attention. Theres unlimited talk and text. Were working deals all day. You get 10 gigabytes of data to share. What about expansion potential . Add a line, anytime, for 15 a month. Low dues, great terms. Lets close new at t mobile share value plans our best value plans ever for business. Nascar is about excitement. But tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. Thats why we partnered with hp to build the new nascar fan and media engagement center. Hps Technology Helps us turn millions of tweets, posts and stories into realtime Business Insights that help nascar win with our fans. How much money do you think youll need when you retire . Then we gave each person a ribbon to show how many years that amount might last. I was trying to, like, pull it a little further. [ woman ] got me to 70 years old. Im going have to rethink this thing. Its hard to imagin how much well need for a retirement that could last 3years or mor so maybe we need to approach things dferently, if we want to be ready for a longer retirement. If we want to be ready for a longer retirement. Hi, are we still on for tomorrow . Tomorrow. Quick look at the weather. Nice day, beautiful tomorrow. Tomorrow is full of promise. We can come back tomorrrow. And we promise to keep it that way. Driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. What a day. Cant wait til tomorrow. Adam Mark Zuckerberg is launching a second text of the lab to connect his internet. Org Initiative Connecting the world to the internet. The lab will have 1 dozen employees including scientists from nasa working to invent new technologies using drones and lasers. The plan, sending infrared beams to earth using solar powered aircraft and satellites in areas where internet is unavailable for. This follows facebooks talks earlier this month to acquire italian drones. Oil right now is trading at three week highs and president obama meet with King Abdallah in hopes of minting strained relations between the two super powers and garner support against russias recent actions in crimea. Phil flynn of Price Futures Group and matt smith, commodity analyst at Schneider Electric join me now. How about a tag team of the u. S. And Saudi Arabian group, the Largest Oil Producer in the world against russia, the number three crude producer impacting the energy landscape. The relationships have been strange but if you look over the last decade since world war ii, saudi arabia was one of our friends when it came to Oil Production and obviously the concerns in recent years especially in the Obama Administration that now that the u. S. Is becoming a big producer the saudis say you dont need us anymore backing the sun major issues whether it is iran or syria or egypt and the saudis are concerned they are being left out in the cold by this administration so there is going to be a lot of sense mending that has to be done because the saudis are very important player in the Global Energy sphere. Cheryl as much as we talk about Energy Independence and a plethora of natural gas we have in this country we still do need the saudis. They still have the upper hand on the u. S. Right now. Yes. I have to agree, he is very much write about them being a friend of the house and they will be this linchpin of the Global MarketGoing Forward and last year reliant on opec of 3. 5 Million Barrels a day, the lowest level since 1996. We are weaning ourselves off of reliance on them but the reality is they have the capacity whereas no other nation in the world has that. We are going to be reliant and keep good relations cheryl do you think the saudis and president obama could convince the saudis the need to come on board, they worked together to threaten Vladimir Putin . Russia is no. 3 in the world. Do you agree with that . Theres a certain amount of bartering that needs to be going on as the market has mentioned just before that, we aggravated them in the stance relating to syria and relating to iran and the bridges need to be rebuilt and behindthescenes they wont be doing that. Cheryl what do you say . The saudis, the backstop for u. S. Policy