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with all the confusion over russia and ukraine, why are oil and gas prices down lately? boone pickens is here to help us solve it. the best pipeline investments for your money. and how california's bag is backfiring in a big way. >> it sure is. to bring those buyers in earlier on, and by the way, the same goes through the up by nearly half a perfect. we have turned ever so slightly negative. all said and done, the intraday high, ed a number of european markets taking a bit of a

breather today, but certainly have been some wild sessions lately. let's bring in mark evans. europe seems to be seeing fast, argentina defaulted, all the this other stuff is going on. >> yes, i am. >> do you feel the u.s. is seen as somewhat of a safe haven in light of the statistics i just gave. i know so far the geopolitical factors have been very balance, but the u.s. so far hasn't suffered that much. do you think we're a safe haven. >> relatively speaking we are indeed a strait haven.

>> i'm going to ask you the same question. are you surprised, as i am, that the markets have held up so well? i'm lieutenant nervous we haven't had a bigger pullback. like the industrials and consumer staples, those sectors have been hit very hard. i think rightfully so they're focusing on companies that are more exposed outside the united states. the u.s. economy and europe are going in completely opposite directions right now, it seems. so i think you keep a domestic focus and focus on companies with more of a domestic orientation overall you should hold up better.

i think you're exactly right, mandy. it was attributed to headlines out of russia, but they came out at least a half hour before the move happened. so i think you have a lot of investors on vacation. they see thinks geopolitical issues arising, so they just take a step back. valuations got a little bit, you know, expand expandened this year, so people are going to wait for things to come back. we've seen earnings grow about 9% this quarter, and the market basically up a quarter% this year, so by the time we get to the fourth quarter, we'll be looking at 2015 earnings, and the valuations will start looking more attractive. mark, let's go through a couple picks, big companies, they know them.

let's focus on williams partners, what do they do? why do you like them? >> we have a very diversified apros to yield. and in the nonstandard space, these two have 6-plus percent yields. 5 to 6 to 7%, and we consider them strong values. these are the sweet spot of things that we want. >> you like namant mining, but i want to focus on omnivision tech, but it's had almost a move of -- >> it's had a big move so far this year, but it's in a great area of the market, so they're the cameras in your cell phones. people tack about the -- each new mod been that comes out,

they're -- so they're always upgrading in that area of the equipment then a big opportunity in the automotive sector. there's only going to be more when we add, you know, self-assisted packing, some day if you get to the driverless cars there would be more cameras. >> that you will you ving for joining us. 7.4% different. this is the question hanging over the world. will vladimir putin send official russian forces into the ukraine? let's bring in colonel jack jacobs. i say official, because they seem to speculate -- the russian army is what i am refer to. >> he would love to be able to

take even ukraine without a shot of the russians shots been fired, if he can, but he will drift forces in there if he thinks he has to. >> if the ukrainians get good at what they do, and so far they don't seem to be able to seize and hold. holding is is really what it is about. but i think he's expecting he won't have to do that, but the ukrainians won't be able to hot on to the ukraine in the east. there was talk maybe they would do it. i know you're not a market guy why don't we, the general population know exactly what's happening on the border.

we had arthritis 50ier looking at pickup trucks in cuba. >> most people don't care, actually. take a look, the general public does not care much about the argentine default. nobody wants to pay any attention to what's happen in the ukraine right now. >> i think you may a good point. there doesn't seem to be an appetite to go in there, even if there was a full invasion. why has america lost so much influence in the world affairs? >> a lot of reasons. we seem to influence putin very much. remember when mh17 went down. i was looking at the social exchanges that took place inside the netherlands.

russians are terrible, look what they did. we really ought to paralyze russia. not long away that there were these kinds of exchanges. you know, we get a lot of our gas from russia, and by the way, winter is coming. we can't even get europe to be on our side even if we were interested in squeezing anybody. there's so much individual interest, fragmented interest that the united states has a hard time influencing anybody. >> i completely disregard that, that's crap, to be honest. we've just been involved in two major wars. >> the world knows we're not losing fatigue. the world knows we're just burned out.

>> i agree. >> when did crew chef, did brez neff. >> khrushchev certainly did. my father was in the bay of pigs. we were blocking russian trawlers, a couple miles from the havana coast erchlts you just brought up a significant point. it depends on how you use your power. we have not done a good job of using our power in the right way. we don't have the political will to do something like -- >> what do you think is the right way? we need to threaten military, but only if we're already using diplomatic, and let's face it, we are not very strong about using our economic influence. we could paralyze russia, but we ain't gonna do it. if we really wanted to we could make our influence felt

economically, but we don't have the political will to do that. >> people want to say, you want to bomb people. i'm not saying -- >> i'm not opposed to bombing people, either. >> there's a difference between losing influence and deciding not to utilize it. i'm not talking about militarily, right? it is also economic. we mcdonnell's, you know, things are different than they were. to your point, a very well-regarded one, look at -- >> look at all those places. trillions of dollars in spending. >> but if we're going to try to use our economic influence to change the way people act and think elsewhere, we have a lot of other people to think of now that we didn't have years and years ago, you just named some of them. it's very powerful if we use it,

but we have a lot of people to consider when we do that, including people who used to be or are still our friends in europe. >> cuss name them, colonel? >> times up. >> australia is still a friend of the u.s. >> then we are unstoppable. >> you have us on your side. >> over and over. the kangaroo troops are coming. thank you so much. really a agree conversation. >> thank you for having me. we are naming names ahead. >> a guy who may actually push back on me is boone pickens. he's going to solve some of the big oil mysteries, and no doubt tell me why i'm full of crap. we're back after this.

to crude oil, currently at 96.91, be low $97 a barrel. we're at six-month lows, all partly thanks to domestic products continues to increase. which companies are the best positioned to profit from the energy boom? jacky deangelis joins us now to tackle it. >> good afternoon. wee focusing on pipeline companies today why we are lit real in the trenches. this is a group of stocks that

analysts believe can grow as the u.s. here is focusing on becoming energy independent. of course pipes will be an important piece of the infrastructure that moving crude around. a lot of people already believe they are already a safer alternative to rail and barge which are the other means of transportation out there. they're also potential better suited to move high volumes as well. one company could benefit from typeline expansion, the company working hard investing about 4.5 billion in safety tools, including what they call smart pigs. they run through devices, detect issues before they become problems. the company can remedy the issue with very much a lot of precision. other companies to watch in the space including el paso and kinder morgan. on average they pay a 5% defend yield, so that's always good for

shareholders. this is actually an enbridge pipe next to us. smart pig came through here. it moves 2 million barrels of crude today. they detected an issue, they repaired it and we're ready to close this one up soon. guys, back to you. >> that's a big pipe. >> massive. >> be careful. you would expect oil prices to soar, but they're not. crude oil continues to fall, gasoline is down, and natural gas actually down 18% over the past three. boone pickens joining us to talk about oil and gas, but boone, i don't know if you heard our previous conversation, i want the u.s. isn't losing influence, we're probably just getting tired of exerting our influence on other cunning or trying to, what say you? >> well, i did hear the last segment and found it to be very interesting, and you know, i just think the world has gotten used to war, and, you know,

you're throwing up a new headline every day, iran is now producing a little more oil on the circumstance come venting the sanctions with the help of russia, and libya has now raised their production. so the market is clear on the price. the price isn't going to run up on the fear of something going off the market. now, when production goes down someplace, then watch out. the price, of course is going to move up, but if you look at the last three years, the market for oil has consistent. it's range bound between 105 and 120, and temperature -- you know, it stays right in there. >> isn't that great, that the fact that the u.s. energy boom is hoping to buffer us from the external ehaven't, whether they be in the meet, in russia, you know, it's not spiking energy prices the way it might have done in the past. do you expect it to be better

and better and better? will we become more insulated and have great er -- we still important about eight or nine million barrels a day. half of that is coming from opec i'd like to see us gets off that opec oil, but we are -- we're importing about half of the oil we use. we use about 18 million barrels a day, and half of it is imports. so you look at where the imports are safe. go ahead and wrap it up and do a norse american energy allyian, and then you can get rid of opec. you don't have to have any concerns about it. but it still gnaws on me that

buys oil from opec, especially that out of the mideast, and now all of it is from the mideast. >> could this situation end up blowing up opec? as we realize to your point that you've made many times, that we need the security -- could russia implode opec? >> could they implode opec? tell me how that would be accomplished. >> basically the u.s. would start torts that security, energy security, to your point, is that vital, and that we would then accelerate oil and gatt production, thus eroding opecs oil influence? >> well, there's no question we're eroding, i think opec influence right now, we are starting to see that adding a million barrels a year is -- a day, but i mean year over year, we've been adding a million barrels, that that is eroding

opec, you know, when you do that. and we don't -- you know, why did we base the 5th fleet in bahrain? i mean, that is the base for the 5th fleet. we did it because, at the time, you're talking about 40 years ago, that we expected the supply of oil to the united states to come from the mideast. well, that didn't happen. now we know that we don't have to have that. you know, there's 17 million barrels a day coming through the straits of hormuth. the 5th fleet protects that. who do they protect is for? they protect it for the opec cart cartel. the cartel says the price for oil. there's no two ways about it. that is the case. they will adjust supply to fit, you know -- to be able to hold the price of oil above $100 a

barrel. out of the 17 million barrels a day, 10% of it comes to us. so here we are, we protect 100%, and yet -- so we need an energy plan for america, is what you need. >> boone, that is exactly the kind of influence that i was railing against. we're the world's army, when we got here. s. >> that's exactly right. we get 1.7 million, and the rest of it goes to china and europe. >> what do you think of my thoughts of invading australia? >> you're for it right, boone? >> australia? >> after that previous segment. >> where in the hell is australia? enchts ooh, touche. >> boone, coming up firing. >> it's been nice knowing you, but that might be the last time.

thanks for joining us. >> enjoyed talking to you. coming up, what do you need to know about the experimental ebola serum. >> and later on, with you mega money man thinks he has a 20/20 crystal ball vision. does he need his eyes check? that story when "street signs" returns. [ male announcer ] don't just visit miami.

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for biotech companies they can develop without spending money. the question, which have seen the most bang for their buck? dom joins us with more. so these types of companies, they exist to pretty much research and development treatments for san diegoing and ailments, but some companies better than investing at others. all day we've highlighted some interesting findings. she's a professor in st. louis, and she has a methodology they

develop treatments for gastrobest continuals. last year they spend about $150 million on r&d. a hefty amount. better tex specializes in treatments lie hepatitis-c and cystic phi browse. sell that's more than three quartz, according to knott's estimates. both. and so in this kay vertex may be a bigger spender. that just made me one investigator. to see all of the -- and the

reserve and doerms. next hour we'll tackle chips. so tune in to see to see who comes out on that -- >> thank you, dominic. the drug of the moment is zmapp, the latest experimental ebola treatment. the two americans were administered this experimental drug even though not yesterday approved by the fda. joining us is tom guise better. i understand that it's not so clear-cut and there are down sides to doing this. tell us more. >> there are a lot of concerns? i would great with your statement. ebola is a very deadly disease,

so they're up to 90% fatality rates. i think a lot of us care the concern if you treat somebody when they're about to die anyway, then there's the concern the drug will be blamed when no treatment in the world could protect them at that point. so that's something we have to think about. in the case of the two patients at emory, i think we're all ecstatic it looks like the dreg could have some benefit, but i think we're also cautious in how we look at this particular case it's unclear at this time given this durant outbreak. we're not quite sure yet what the involvement of this particular drug is. >> if the patients die anyway, it would derail the development that's gone into the drug. the flip side is if the patients recover, you still can't go out

and start mass producing this drug. you have to go through potential years of development and fda approval. that's right, here in the united states a drug gets and that have to do animal studies under high containment in a bio4 lap. on the other arm, you have to do a -- in humans, you have to make your product under very stringent conditions. so these are very expensive processes that you have to go through with ebola being a relatively rare disease, there's a small market to want to do this. quickly, guys, can we throw

up tibx here? tibco just resumed trading. it was halted a few moments ago, dow jones reporting -- tibco is a big company. i know it doesn't get a lot of attention. software consulting firm. resuming trading, up 6% on the headlines. >> herb has talked about the -- coming up next. california's big ban -- bag ban backfires big time. whew. >> it was a big bang backfire. how about that illiteration. could this be the next takeover target for rupert murdoch? financial noise

financial noise financial noise financial noise

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. time for "street talk" our daily rundown of recommendations on this said hump day macy's getting added to morgan stanley's best ideas list. >> up 2.7%. they call this a winner in the omnichannel retailing, reiterate their overweight rating. >> that's about 12% above where the current stock is trading. next, the upgrade to g.e. >> bursting likes cost-cutting story, they also like that manage is more leveraged. their target is set at 33, about 30% above the trading price. good for the bulls, also higher than the weight price. and lots of calls on michael's after the recent ipo was initiated. >> you know, man -- this is --

it's wall street's of meh. their price target at 16, so they don't see an up side at all. you have it was only an ipo in june. upgrade at needham? >> a bid call for solar. they could tell split the company up. again if there's no news, just their call and sort of their theory. their price target is at 75. that's about 20% above where fsl wrismt is currently trading, but this was a 175 $stock in february of 2011. >> the under the radar name is van heusen, a global ip services, consulting and outsourcing company based in massachusetts, an union agreed to buy from hold.

nice pop above where the talk is. street talk to talking numbers, from a fundamental and let's talk 21st century fox. on the technicals. david, time warner bit is over. we showed a picture of spongebob squarepants going into the break. do you think murdock will go after something else? >> quite frankly i think we'll here more. i don't think they're going to go after the did you look, i think the move here is a

significant move. they have 5 billion on the balance sheet in cash. they're going to get another 7 billion in cash, from some recent asset sails. if they do have a plan built, they have a lot of powder to really kind of ratchet it up here. we have an underpurchase on it and downgraded it on the premise of this -- so this question is predowngrade we had a $38 target on a stock. so i think the stock has a lot of room to go on the up side, and i think it had approach the higher end. i really line the stock here.

from the technical perspective, john, looks how to you? >> technicals look good. that's a big support level. we're also oversold. oversold on a near-term base. so you have sitting on support, and you're also oversold. so at least a minor bounce that could last several weeks. this is what's impressive to me. it shows that the high in february 2000 was 58 -- 2941.

>> thank you. that's a big base, and only about a dollar for that support level. you put those both together that's a formidable level. with an overall up trent. this look lice a great place to buy. good. thank you very much, gentlemen. be sure to check out the online edition of "talking numbers." >> we talked about the action in tibco, dow jones reporting that maybe suitors are coming in. herb greenberg has been talking about tibco. he will weigh in on this news. >> he will indeed. i'm overcome. >> let me see if i can read this. did the president just bully one company out of a tax inversion? how was that? >> it was perfect, except you didn't have it with an australian accent or female voice. >> we'll discuss, governor.

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coming up here in just a few moments. it is hot. it's hot for business, hot for the governor's race. it's hot news along the we're also going to talk to -- about a number of topics. governor natal diehl will be stopping by. archt dennis lockhart will ask him what he makes of this

markets all at the to be of the hour. all stocks in the med rho area. hotlanta was number one. >> and i would be remiss not to mention that georgia just won our top state for business. that's the back drop against all of this. you can do a motif on this as well, but this is the place to see, and we're going to talk about why. >> can i give you a -- >> you know, we have to catch a plane. we're going straight back. >> you have to relax. you're too young. tibco, by the way. up almost 9%, new out within the hour that they have reached out apparently to suitors. editor of herb greenberg's reality check.

joining us by phone. i heard you had a rather green flag on the stock. did this hit you out of -- >> this definitely plays into the thesis. for those who say i never say anything positive, tibco is one of the rareities. i think it's because the company has performed so poorly. it's attracted a number of quiet i would call activists. starting to question whether the company was better off in the hands of somebody else. maybe they've been reaching out to suitor. if they don't do it, somebody will do it for them. this is what's important. the company's performance especially of key products

spotfire has will be falling in line with the ownership of the sacramento kings. now he, believe it or in the, he parent, according to press reports is looking to buy the soccer team there, too, so you question whether he is distracted. there have been some changes to compensation, if there's a change of control. there are a number of events going on that make you think, you know what? this thing is a goner, the question is, at what price. >> yeah, we don't have time to have the discussion, but i think tibco did turn down a deal by hewlett-packard. >> in 2011. >> they held hot, thought they could do better. >> great memory, mandy. that's so important to remember, the hewlett-packard was coming after this company at a different point in time, and the company thought it could do it on its own. >> hewlett-packard is trying to get smaller. >> but it depends -- whether it's hewlett-packard, oracle or ibm, any number of companies,

this spotfire could stick. the other parts of the company could go somewhere else. keep your eyes on this one, i think it's an interesting story to follow. >> i will have more on reality check in a little bit here. >> thank you very much. okay. wall green, the drug story chain that mandy will hopefully be visiting after the show to cure this cough, but it will not be incourted outside the u.s. did the president's tough talk scare them? big debate coming up.

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in what many found shocking, walgreens decided not to reincorporate overseas, in other words no tax inversion. all walgreens tax dollars will stay right here at home. was this a case of washington influence over wall street or did walgreens just realize it's better business maybe to not do this, given that it is a consumer brand? that is a good question. let's move on to the date here. we've got jimmy peay and jared bernstein joining us now. jared, first to you, some of the other companies that did this, they're not grand.

walgreen could be picketed or protested over. was it that or maybe fear of reprisal from wall street or washington? >> i think it was probably the former, at least in part, because there was something like 200,000 consumers organized by advocates who said precisely that, that they would protest, that they would stop purchasing their medications at walmart -- i'm sorry, at walgreens. and so, remember, walgreens is a store you walk by every couple of blocks in the city. it's not pfizer, it's not milon or medtronics, some of these other firms that operate behind the scenes. there's some suggestion in some of the stories that alliance may not have been as anxious to invert, to become the parent company, as some of these others, and that may have played a role as well. but i think the public visibility of walgreens is part of the story. >> and do you think, jared, just to follow up there, because it is such an iconic sort of consumer brand, that it's not necessarily going to spark a whole wave of other companies

stopping tax inversions for the same reasons? >> i strongly believe that. if you think that this move by walgreens signals an end or even a slowing down, even a brake path for these corporate inversions, i'd be awfully surprised if that were the case. i think the momentum is going the other way. >> but nonetheless, jimmy p., considering obama is create a bill to even claim taxes saved from past tax inversions and when you have this flux and play here and political scrutiny, i would think twice if i were a company about to do a tax inversion, wouldn't you, jimmy? >> i mean, talk about regulatory uncertainty. you really don't know what the laws are going it be. you don't know who's making the laws. is congress making the laws or can the administration treasury department change the law through executive action? so, you have no idea what the tax laws are going to be and what the regulatory climate. so, i have a fear that played a part in their decision. also, they get a third of their

revenues from the federal government, either via medicaid or medicare. so, the fact that this technique is being brow beaten, both by obama and also their home state senator, dick durbin, i think that absolutely did play a role. so, maybe as some people feared, all these companies are going to be fleeing the united states, like dodger fans after the seventh inning or something like that. they just might stick around. >> jimmy, you know, it's interesting, too, because we look back -- a lot of the charts that say, you know, look at our percentage of revenue from corporations, it was much higher back in the past, and it was. but also, in the '70s and '60s and the '50s, there was really no risk of companies moving to dublin, because it just wasn't technically, logistically feasible. how do we fix that? you can't compare this to even 20 years ago. >> no, no. i mean, whenever you talk about what taxes used to be, like the 1950s and '60s -- >> well, people do. they say i used to pay a lot more! >> it was a completely different environment. you didn't have all of the international competition. but listen, what i would do is

quit worrying about this. i mean, i just recently wrote a column. what we ought to be doing is just get rid of the corporate income tax. you're worried about losing that money, so you tax people higher for dividends and capital gains. but it's a terrible tax. it's a self-defeating tax. we should use it as an opportunity to get rid of it, rather than trying to straight jacket these companies here in the united states. >> yep, let's reform the u.s. tax system. on that note, between leave it there, guys. jared, jimmy, always great to talk to you. >> look, it's a nice thought, but it's an awfully high bar. >> it sure is. it sure is. >> now's the time. >> we can't fund roads in america. what's the odds of restructuring the corporate tax code? it is a lure of intended consequences, but what bad things are happening because of those bans of plastic bags in california? we'll tell you next. ur sacrifice and thank you for your bravery. thank you colonel. thank you daddy.

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♪ [ tires screech ] chewley's finds itself in a sticky situation today after recalling its new gum. [ male announcer ] stick it to the market before you get stuck. get the most extensive charting wherever you are with the mobile trader app from td ameritrade. california, they've got a new ban on plastic bags at the california, and it seems to be working. more people are bringing those great environmental reusable bags. the problem, jane wells, is apparently they're stealing a lot of stuff with them. >> reporter: well, look, you can't see through this. using these and getting rid of the plastic bags was supposed to help california go green, but instead, it's costing some grocers green. some are saying they're seeing higher episodes of shoplifting. now, they don't know for sure if it's related to the bag ban, but it is easier to hide things inside the reusable bags. in seattle, one in five grocers say it's led to higher theft

rates and smaller grocers don't have the surveillance resources or mabel the ability to absorb the theft, like larger chains do. >> consumers are bringing in reusable bags. and what's happening is they're putting stuff in there, frozen food items, health and beauty items, and when they get to the cashier, they're actually arguing with them, saying, no, i actually brought this in with me and then the store has to check the tape. and it's just a bunch of red tape that the government's putting on to the backs of the small business community. >> reporter: well, you know, actually, grocers can charge you 10 cents to give you a paper bag instead, and they get to keep the money, but there is actually a plastic bag cop now in the city of los angeles. and as the state considers a statewide ban, those who make the bags are saying it's a job-killer. watch. >> some politicians want to allow grocers to charge you a fee for these bags, while banning this recyclable bag that's actually better for the environment.

>> reporter: this video called "the sacramento clown show" hopes to stop the bill from passing, but guys, it may be moved, because city after city in the state, los angeles, san francisco, they've all passed the ban. it may be too late. >> thank you so much, jane wells. we've got to leave it there for the whole show. thanks for watching "street signs," everybody. >> "closing bell," halfway from atlanta, is next. yes, welcome to a very special edition of the "closing bell." i'm kelly evans live in atlanta today. >> and i'm bill griffeth here at the new york stock exchange. a lot to talk about regarding the markets. we've had a bit of a rebound today, but the volatility's still with us. we've got our eye on europe today. the market was up about 60 points, down about 60 points. we've got a lot to do from here on wall street. what takes you to atlanta today? >> well, it's a good thing you asked, bill, because we've got a lot coming up