shelby lynne cnn atlanta. >>james: new d. tells a security scare that happened aboard a flight had forced sfo. police arrested a man on suspicion of public intoxication after he allegedly made threat to board a jet blew flight from long beach to sfo friday night. one passenger said he screamed " this plane is gonna go down. " once the flight arrived at sfo officers searched the plane and the man's luggage. they didn't find anything suspicious. police escorted the passenger off the plane and booked him into san mateo county jail. >>anny: we will be right back. [ female announcer ] now get high speed internet at home on our newly expanded advanced digital network, a connection you can count on. at&t u-verse high speed internet offers more speed options, reliability and wi-fi hotspots than ever. go to our website below to get u-verse high speed internet for just $14.95 a month for 12 months with a 1-year price guarantee. it's all the speed you need all at a great price. our newly expanded advanced digital network gives yomore of

>> i think i've taken shelby like a big shelf. >> a shelf. a wooded shelf. >> the ground war for speedy delivery as the battle for your holiday dollar heats up. >> hey. >> janet shamlin, nbc news, new york. >> wow. pretty cool stuff there. pretty interesting technology and only -- you said five bucks? >> yeah. but i tell you, what's old is new again. i'm old enough to remember cosmo.com back in the late '90s, early 2000s this model, local delivery for -- >> you played with fluze, the whoopi goldberg currency. >> the idea wasn't terrible. the chief technology of that founded max delivery.com that's still running in new york. what's interesting is that this time you got a big company like ebay, trying to make this take off. they bought a company, european couple called shuttle that does this. trying to expand as many as two dozen cities within a few months. the model could be different this time because local information is so precious so maybe there's more in it for them than trying to make money on the delivery. >> one more nail in the coffin

shelby's comments are important because democrats would need to pick up only five republicans vote to clear procedural hurdles and bring yellen's nomination to a full senate vote. yellen's nomination needs only a simple majority. joining us this morning from washington is eamon afterers. this is getting back to some tense times in the senate when it comes to these nominations. we thought we had averted these issues. >> mccain threatening to pu put a whole here on janet yellen in the united states. they wanted to see more of these documents related to ben fwazzy. they wanted to see the survivors of benghazi testify on capitol hill. they would like more information as to what exactly happened there. they don't have any particular animous towards janet yellen herself. this is just the leverage they have to get this done. it's been a very bad week for for obama admin appointees. yesterday, the senate rejected mel watt, the housing agency nominee for the obama administration. it's a very rare thing for a sitting congressman to be rejected. but they did that yesterday in the senate. it's a

. >> senator shelby, thank you. welcome, governor. would you describe the portfolio of the federal reserve as unprecedented, the size of it today? >> yes, senator. >> have you -- you're an economist and you've been on the fed and you also are the chairman of the economic advi advisers to president clinton. have you looking back in recent history, the last 30, 40 years, have you noticed any portfolio of the fed approaching what it is today? >> not at the federal reserve. >> that's what i mean. >> but other central banks. >> i'm asking about the federal reserve of the united states of america. >> no, i have not, senator. >> okay. would you describe what you're doing here by -- you call it quantitative easing, a term you make up, i guess, we all make up terms, but is that a stimulus for the economy, tool? you used the term "monetary tool", is that what you would call it to help augment, stimulate the economy? >> it is a tool that is intended to push down longer term interest rates. >> yes, ma'am. i understand that. >> and to stimulate de

shelby lin explains what it means and it's possible >> this will put a chill on the united states. >> the democrats voted to change rules of filibusters. it eliminates the minority party's ability to block nominees also known as the nuclear option. president of obamas stated that it is needed because of obstruction in congress. >> this is an indication that the majority of senators believe that enough is enough. it is far too important to keep falling prey day after day. >> the president did not feel that way in 2005 when he was a senator and neither did harry reid. here they are arguing against change in the road republicans wanted to do it. >> if they choose to change their roles and put an end to a democratic debate, then the fighting, the bitterness, the gridlock will get worse. >> the filibuster is far from a procedural thing. it is part of this institution that we call the senate. >> the republicans are angry and they stated that the most is to push the president's agenda. >> this is obama to, it is a another partisan political maneuver. they want to permit-- >> cnn analyst adde

cnn's shelby lin explains why they shouldn't. >> birmingham police sergeant stated the the search came up with nothing. >> it became to be a big inconvenience. >> it may have been a big inconvenience but this incident is comes in just two days after a another gunman opened fire at lax. chairman of the board of securities stated that travelers are abominable. they stated areas that are outside of the security checkpoints. >> anybody can show up as we saw at the navy yard. it is like a shopping mall outside of the premier mentor. it is very difficult to detect. >> new details are emerging about the gunman and authorities want to do it welfare check. they want to check his family background. >> fire officials say a n-y- u student may have been trapped between two buildings for as long as two days. 19-year-old asher vongtau was rescued last night around six. it's unclear how vongtau got stuck between a five story parking garage and a 17- story n-y-u dorm. rescue crews broke through a concrete wall to reach the student. he was wedged in an area about six to 18 inches wide. the only way to g

to some of the problems other fed chairman and other fed nominees have had, for example, when rich shelby was the chairman on the ranking committee, that had to do with proilg unsatisfactory answers. at this point, i just don't see anything getting in the way of her confirmation. >> ip, did you see that mckenzie study? >> which mckennedy study? >> it said qe did nothing for the stock markets, but saved governments around the world $1.3 trillion in funding costs. >> i didn't see that, but i'm looking at the stock market 20% this year and -- >> check it out. it's a mckenzie study that says -- you know, mckenzie, i don't know if i believe it, but they somehow determined that it had nothing to do with the rise. but the funding costs, it was something like $1.3 trillion saved global government. .after reading that, i was thinking why not make it permanent? if you can get governments to run $1.3 trillion cheaper, then hey, let the good times roll. but -- >> swroe, this is a great question. i think actually they're going to get this question because a lot of people in the markets are asking this