. >> host: from "in doubt" if you can explain what you mean one of the most bewildering and underappreciated features of the criminal justice process is that low value it assigns to the accuracy of its factual determinations. >> guest: yes it's one of to my mind the -- of the criminal process. it's a serious thing weird dealing with. it's really important for society to punish offenders and it's important for innocent members not to be punished for crimes they didn't commit said the accuracy of verdicts one would expect should really be the paramount object of the criminals of process. there are other objectives. we do need finality. we do need some sort of expedience and we don't want to drag things on forever. we do need to balance the interest of accuracy also with the resources that are available with legitimacy. there are a myriad of goals one way or the other. to my mind accuracy falls way short weather than where it should end this starts actually with the supreme court, the united states supreme court. it is has treated criminal justice process and due process clause in the bill of r

you said it is one of those underappreciated markets really. i think what is happened over the last 10-20 years especially for institutional investors, their structural neutral waiting in japan was driven to zero. they go t tired of having to explain to investors why they were losing market. that favors the brics. where we are today, people are catching up. they have to move from zero to 3%. and that will drive flows into the japanese market. susan: thank you for joining us. always good to see you. bnp paribas wealth management. rishaad: ok. up next, -- their image is in order. susan: we will ask a branding expert which logos get his seal of approval. ♪ susan: u.s. elections more than a year away, but the candidates are vying for the top job. they have started making their mark. rishaad: images are vital for any campaign. that would include a local. we spoke to one expert to try and, who's hitting the right mark and who's having a miss? >> i wanted to find out what separates the good campaign logos from the bad ones. he's a partner and designer

underappreciated. plus provocative. >> what would it be like if the chanceman was the one in the tree? >> photographer tyler shields discusses his new works turning american history inside out. honduras is a major route for drug smuggling. more than 80% of south american cocaine bound for the united states is believed to pass through honduras. in may of 2012 four people were killed there in an operation involving u.s. drug enforcement agents. their relatives and human rights activists say they had no links to drug trafficking whatsoever. paul beban has been following the investigation into their death and he's here with an exclusive report. paul. >> john, background first. back in 2011-2012 the department of justice discovered a scandal called fast and furious. you may recall that was a botched plan to track guns to mexican drug cartels. the same department of justice team that investigated fast and furious is now looking into this dea operation in honduras. some have accused the dea and the state depa

and that's what's underappreciated. >> here's the bear argument. raises interest rates and we don't know how the market is going to respond. what if the market and they buy treasuries at the long end of the curve. what if it slows the economy and treasuries are in demand and rates go lower, won't that hurt bank profitability? doesn't that sort of knock off this bullish pace? >> well we're not bullish across the board. and you make a good point. if the fed raises rates and the yield curve flattens that can flatten bank earnings prospects. also, if the fed does not increase interest rates and we're lower for longer with rates, that could also hurt bank stock performance. for that reason we recommend owning bank stocks that can work even if interest rates don't go higher, even if the yield curve doesn't steepen. we like having banks that have an extra earnings lever to pull if the environment stays sluggish the way it's been. that's why citigroup is perhaps the best global restructuring story among banks. morgan stanley is midstream with its restructu

and that the part of the story that may be underappreciated out there?> yes, especially the international. let's say it took eight years for netflix to break into this country for the dvd streaming business. like netherlands, they broke in in 18 months. same in canada. in longer countries it takes two or three years to break even, why? because most is spent creating the u.s. experience. so now you're just tweaking it in order -- and you have to buy the content. but content costs offshore much lower than content costs in america. you get definitely a higher return on capital. a higher capital efficiency when you enter a new geography. i think international subs, when you think of the lifetime value of a subscriber offshore is are much more valuable than a u.s. sub. because their costs are lower and their time to break, if you will, is faster. and the other point you made was -- remind me. >> let me jump in, laura. i apologize, do you think that a stock split at this point say foregone conclusion and if so, what does it look like? >> you know, i do. they j

. >> he's underappreciated because somebody has to talk about you for an appreciation to occur and he'sto do it for himself for so long. >> you say that president bush was more conservative than ronald reagan. really? >> in terms of what he accomplished yes. sununu points to bush's his no new taxes pledge but with spending cuts for every dollar increase in the gas tax. >> that's why he sent this bill up and we'll continue to try and urge congress to send them a bill and send him a bill that he can sign. >> you were generally seen as the bad cop, the abrasive guy who had to say no. how do you bleed? >> i plead guilty. i woke every day knowing that i'd have to take spears directed at george bush and i knew that was my job. >> and sununu is still doing that in his book like newt beginning grich gingrich that agreed to it but then skipped the conference. >> he slunk out of there and decided he was going to oppose it. so when he said it was approved by him, he was lying. >> reporter: do you think that he both deliberately deceived you and the president? >> yes, i am. he sold himself and had

economies that were suffering of very low inflation and currencies that have taken the benefit of underappreciation, which hopefully would facilitate their growth and therefore would be good for the global economy. i'm thinking here particularly of the eurozone and countries like japan. on the issue of the repayment, i can only listen to what the membership tells us. greece is a member of the institution and as indicated, including as late as last night from the prime minister himself, payment had been honored and would be honored. i think his words were, do not worry. so, i'm confident that that will continue to be the case. mr. rice: swinging back around. the gentleman from in the front row. questioner: financial times. just following up on greece a little bit. has therein about a discussion about bundling this month's payments, have you had any discussion with the greek authorities about that, has therein been a request from greek authorities? and back to the issue of debt relief do you think that debt relief is needed in order to have a sustainable or a practical bailout or a working bailout? m

. >> one of the most underappreciated stars. >> he was a leader and a winner. >> he accomplished somethingnew meaning to the committee members who volunteer for a great cause. >> i think his image is brighter than its it's been. >> describe your dad as a ballplayer based on what we're seeing today, how would roger maris do on the field? >> always good. always good. >> and roger maris is not in the base billion hall of fame. .256 lifetime batting average probably had something to do with it. they never loved the kid because he told it like it is and they weren't used to that. a class act, wonderful family man and not very many celebrity golf tournaments that go more than three decades. this is going strong because of roger maris and what he left behind. a lot more coming up on "the ed show" coming up. stay with us. "depreciation" they claim. "how can my car depreciate before it's first oil change?" you ask. maybe the better question is why do you have that insurance company? with liberty mutual new car replacement, we'll replace the full value of your car. see car insurance in a whole new l

are police officers now underappreciated? i think it's obvious. but we want to know what you think.sean hani on twitter. set your dvr so you will never miss an episode because we will miss you. thanks for being here. see you back tomorrow night. >>> this is a fox news alert. two killers loose and news breaking that new police have tracked them. they don't have them with you they are hot on the trail to a small town less than 40 miles maximum security prison two escaped from. police federal marshals and fbi agents all convenes in new york. a small town with the population of 2500. "on the record" is on the case and you will hear from the reporters live from the scene in just minutes. first the brother of one of the fugitives richard matt, the cold blooded kill his or her is now on the loose. his half-brother testifying in court that matt bragged about dismembering his victim with a hack saw. richard half's brother wayne shrimp went "on the record." thank you for joining us. >>

this is an interesting and sometimes underappreciated factor in military. if you look at the spanish civil war, an interesting difference is that stalin and arming the republican side insisted on advance payment in gold which may have made him less keen than -- that his side actually win whereas franco bought his arms on credit which meant the germans would want him to win so he could pay them back. the united states had a vested interest, in addition to the possibly moral strategic interest in the victory of the associated powers. this helped the impression that wilson was all-powerful. that along with 14 points comes the generalized rhetoric of , peace without annexation which was not necessarily to the liking of the associated powers in britain and france who had rather extensive war aims in the ottoman empire. however once it became clear to the germans in september 1918 would probably not win the war those 14 points -- it is a bit confusing but the four principles and five particulars went into a little bit more depth about the notion that the u.s. saw

he was underappreciated. i read letters between admiral harry hill and clifton cates. they were asking each other has smith lost his mind? he is so bitter. where did this come from? people question the stability. something that would have died down after the war welled up to the forefront and poisoned army relations. in the 1980's when they mandated joint strikes and joint training, it was the first time they met each other without mumbling under their breath, i think. in his defense, the 27th had some poor performers. commanders were all national guard commanders, and particularly the 106 cap problems. their commander was colonel russ or a ours -- russell ayers. he stayed on his ship offshore when order to led by general watson, who was overseeing the landing. when the initial awards went in, he was left off the list and general watson did not want to give him an award. colin smith, who ordered him to give ayers a navy cross. that tied his hands. you cannot relieve a commander that was just given the second-highest award for bravery in that fault him for not relieving

he was underappreciated. i was able to reach some letters , and they were asking each other if holland smith had lost his mind. of course, people questioned his stability. this is something that would have died down after the war. if poisoned army-marine relations. joint training was the first time they glanced at each other without mumbling under their breath. the 27th did have some poor performers. they were all national guard commanders. their commander was a kernel who had -- wendy initial awards went in, he was left off the awards list. holland smith ordered him to give him a navy cross. it tied ralph smith's hands. you can't relieve a commander who was given the second highest award for bravery. holland smith never commanded men in battle after this. ralph smith was given the 95th division. he did a lot with reconstruction after the war. they realized that they needed to get holland smith out of here. he was given a training command. he would get very vicious and personal. he wrote to van de graaff sayi

the analyst says the street underappreciates the potential in 2016.ving deliveries. those are the developments in actual metropolitan cities like new york. while traditional home building margins from flat in 2016 city living will drive overall margins. >> it is also the best performing of the big cap home building stocks this year. but as it's also run up just note it is now just under the average price target of the 18 analysts who cover it which is $38.69 per share. >>> stock number three, dlr, digital realty trust. cowen boosted the target to $73. that's 10% to 12% up side. this is a headline driven call because there were reports out there that digital realty may be interested in buying telex for $2 million. the cowen analyst thinks if this happens this could lead to faster growth and would help accelerate revenues. >> with all these reits the concern right now is the rising interest rate environment. if you look at the stock since the beginning of the year in march it declined by 9% on fears about rising rates. this might be swept up within this

the second point i think something that's a little bit underappreciated with regards to the market ismodity costs out there. cotton is a key component. it's currently at 60 cents a pound versus the historical norm of $1 a pound. there's also another factor oil inputs. oil inputs are very important for the sportswear industry. if you look at key components like nylon, be pleftpolyester and synthetic fabrics, oil is a keel component key component. we estimate for nike 22% of their inputs come from oil. oil is at a record low for the last six years. >> they just signed this eight-year deal with the nba where they're going to actually be able to put swooshes on the uniforms for the first time. we're potential will i looking at another product release ahead of the olympics last year. remember fly knit was announced really helped the bottom line the last time we had the olympics. do you think this is all priced in? >> first of all, i think fly knit while a great idea i would think if fly knit went away today it wouldn't affect the bottom line at all at this point. i think it is all about in

it is underappreciated in the case. not only does the claim asserted the challenge. there is a check -- there is a trial. the record is the record in this case. we proceed our challenge only before the second trial. they stipulated that they had only spatial defenses. that is why we have this oddity. the evidence has already been collected and there is nothing to be gained by having a second trial. >> you have constantly said that one of the objections that the hotel owner can make is that do you want these records for the enforcement of the criminal law? he said that is bad. the purpose of this thing is to enable the criminal law to be enforced, isn't it? >> there are two different points that are being enforced here. they have an administrative scheme. my point is different. imagine on tuesday, a police officer comes in and says, i think there is a prostitute in room three. what i am going to do is invoke this for 149. and see if that person's name matches up with the prostitute name. it requires probable cause. it does not mean they can investigate crimes. this co

the margins part is something i think people have underappreciated.ow margins and profitability. if you look back over ten years there weren't many profitable biotech championships. 57% operating margins and tons of cash flow now, these are real profitable companies showing that innovation with new drugs, new profits, cash flow all of that is leading to big profits and the stock is going higher. i think you are absolutely right. >> who do you think or which companies do you think are the best potential break-out candidates? >> i think along with that theme we like vertex right here. we like biogen gengen gilead. vertex is a company that's basically been lost making millions of dollars for the last few years, they're about to get fda approval of a new breakthrough cystic fibrosis drug and i think that stock moves higher because of this $10 earnings over the next few years. i want to own that stock on this earnings cycle. biogen same thing. possible new alzheimer's drugs coming. we see that stock moving higher. then gilead same thing. huge profits. low

. >> let me add one other point that's underappreciated in the case. not only does our complaint assert an as applied challenge there was a trial on that, and the record on the as applied challenge in the record in this case, we pursued our spatial challenge only after before the second trial it stipulated they only had spatial defenses of the statute. that's the reason we had this oddity we are here on the facial challenge. the evidence had a been collected. there is nothing to be gained by having a second trial. >> you constantly said that one of the objections that the hotel owner can make is that you want these records for enforcement of the criminal law. right? you say that's bad. >> yes. >> but the whole purpose of this thing is to enable the criminal law to be enforced isn't it? >> there are two different points being made here. one is, you are quite right. they have an administrative scheme. the point of the administrative scheme is to judge for criminal violations. my point is different. imagine on tuesday, a police officer comes in and says,

. >> let me ask you something, you're pretty much describing a situation that you feel underappreciatedlcomed and actually promising have been broken. i read your entire piece. yet you say you were going to vote for her. if this were a relationship and say it was a guy and he did all this to you, my thoughts are you would probably break up with him. why are you not breaking up with hillary clinton? >> what's important to me given that the next president of the united states has the opportunity to possibly nominate up to three new supreme court judges and given the lawsuits that have already happened because of these unpaid internships, there's going to be a case in the future that will decide this debate once and for all. >>ry are you giving her another chance? she has let you down and i'm counting on at least four accounts. why would you not at least give someone on the other side a ticket? and i think you do your process in terms of political enlightenment and discovery. why would you not look at those aren't 0 the other side. if donald trump on the other side i'll pay you an internsh

in an underappreciated book by historian mark bradley. in the second major surrender i mentioned earlier at that place near durham, north carolina, we see a debate over where the war will end. sherman met with joseph johnson. the confederates indicated they had contact with jefferson davis and instead of a surrender of armies asked if they could negotiate an end to the war entirely. sherman despite misgivings about dealing with confederate civil officers as civil officers and's upcoming up with a way of taking the offer. in his offer -- ends up coming up with a way of taking the offer. if all the united states was interested in was reunited the country, and sherman's vision weekend get a vision -- we can get a vision of how to do it. keep local governments in place, to property and political rights including the vote. the government will grant general amnesty to all of the southern people including jefferson davis. this agreement that sherman wrote in classically clear language would produce peace from the potomac to the rio grande. if th

what he's appealings for are americans that feel they're underappreciated, underemployed, god fearingor president in my 25, 30, $40,000 a year job. they're going go donald trump go. i may not vote for you, but i love hear whag you're saying. i'd love to hear other candidates say what you're saying in your platform. >> you know when where he stands. he wants to build a wall on the southern border. mexico is going to pay for hit. >> he says he's going to bring jobs back from china, strengthen military, appeal or replace obama care, crush isis. these things resinate with voters. maybe we want someone like that to energize and fuse new ideas in this country or at least the spirit of empowerment. >> he's proud of money he's made. does not shy away from it. he says yes, i'm rich. to the tune of how much, $9 billion? >> does he have a lot to learn as a candidate? absolutely. some statements he may want to take back. >> is he going to be open to in put? >> for a guy that's built so many projects and dealt with so many minute newt details, i think you have to say you made a mistake. i don't th

. >> let me add one other point underappreciated in the case and that is not only does our case insert a trite challenge, there is a trial and the record is the record in this case. we pursued our challenge only before the second trial they stipulated they had only facial defenses of the statute. that is the reason we have the oddity. the evident authority been collected. there's nothing to be gained with the second trial. >> you constantly said one of the objections hotel owner can make is you want these records for enforcement of the criminal law. you say that's bad. but the whole purpose is to enable the criminal law to be enforced. >> there's two different points being made here. you are quite right. they have an administrative scheme. the point is to deter criminal violation. imagine on tuesday a police officer comes and says i think there's a in room three. i will invoke 4149 and see if the name matches a period that is criminal law enforcement. it requires probable cause. the fact they have an underlying scheme doesn't mean they can investigate crimes. the court has said time an

as smart buyers in the most advanced weapons systems on the planet and often -- and often are underappreciated for their endeavors. it improves their ability to build world-class infrastructure, encourages them to hire selective students from friendly foreign nations and strengthens their ability to partner with industry, allowing small businesses to have access to the great intellectual property coming from d.o.d. labs as well as access to the research and technical equipment. i believe these policy changes and funding increases will continue to strengthen the technological dominance of our military forces while reducing the cost to build and maintain the weapons system in the future. and they're also specific recommendations on programs that will help the department cope with shortfalls such as providing an additional 12 f-18 superhornets for the navy and additional six f-35 for the marine corps. these will help deal with the department of navy shortfalls in strike fighter aircraft, adding $800 million in virginia class advanced procurement to provide flexibility to begin bolts with enhanced