rufus abercrombie. >>> thank you, members. reverend arnold townsend, church without walls in san francisco, also vice president naacp. thank you. we're certainly hopeful that you will continue on the course to not give out tickets on sunday, to not have the meters in effect. i do want to say about extending to 18 year olds, i don't understand why this has been so difficult. i cannot understand why the day we went away from neighborhood schools and required children to go outside of their neighborhood to school why that wouldn't have become automatic. we are telling our children that they're entitled to a free education. getting to the place of education ought to be free as well because that means it is not free. so, that's just a no-brainer for me. but getting back to the churches, but i also want to caution you that to be watchful of the parking meter control officers for double parking on sundays as well because some of you, if you were here, may remember when we were here last time over the meter issue, we raised double par

good afternoon, sir. >>> hello, my name is rufus abercrombie. i'm standing because i want to tell you how i feel about my country. i got drafted in the army from balboa high school when i was 20 years old and sent to vietnam. and i depth just go once. they sent me back twice and they sent me back three time. i served my country with proudness because we are a country of christians and i had values even in war. and i got promoted as a staff sergeant in war when i was 20 years old and could barely read and right, but i was pretty good at reading a map. i grew up in texas, about 150 miles out of dallas. i'm talking to you today because i've had just about every part of my body cut into, my brain. i have false lip. they gave me new surgery. and all of this, i realize that i would have to die one day. when i close my eyes i wanted to tell god, lord, i gave it my best wherever i was. and where i was, if i saw the street dirty i would try to clean it up. it has cost me a big price to come down here today. my car has been pulled away. they told me it wo

>> abercrombie has always been volatile.hey tend to load up on inventory and attempt to reduce it as the year goes on. their gross margin is highly dependent upon sales, it's been volatile over the past several years. if you back into what he -- we don't think they're making any money in the domestic stores anymore. the majority of the profits are coming from overseas in the international, where they charge price points two to three times higher than what they charge here. the company does have an ambitious cost-cutting program. if they're successful in implementing it, sustainable -- somewhere in the -- it's somewhat cheap if they do execute on this cost reduction. >> if they can execute on it, sure. let's go to aeropostale. it's a nice booth. 52-week high. 52-week low is $4.73. in terms of basically the buys, the sells, and holds on the street, sill no sells, three buys, 16 holds on the trading session. basically you say, though, without a loan from a current shareholder, the company could have filed -- could file for bank

. >> reporter: rick abercrombie may be her captain but victory is this man's baby. a former fire chief spent years writing grants to bring victory home at no cost to the public. >> we have a responsibility to provide emergency services for everyone, on land and water. we have had several incidents on the water where we were helpless. >> reporter: but before she was even built, he had to retire due to an on-the-job injury. this is the first time he has seen her. >> richmond is ready now. richmond is ready to respond. >> reporter: victory's name inspired by richmond maritime history, hundreds of ships bearing that same name built in the port of richmond now she's ready for action. we just learned the coast guard has just asked the richmond fire boat victory to help as part of the recovery effort so right as we end this live shot we are going to go now with the fire department to go and aid in that recovery process where the coast guard is located. so again, this is still an ongoing effort here. in a few hours contra costa sheriffs will be back to recover what's left o

governor abercrombie instead appointed brian schatz who is facing a primary race. >>> a huge number out quinnipiac university poll, 93% of new jersey voters say they're stronger than the storm and do not expect to change vacation plans this summer because of remaining damage from hurricane sandy. >>> house speaker john boehner's tea party primary opponent has a new ciallis inspired ad. apparently constituents can treat their electile dysfunction by not giving boehner a 13th time. >> if you have a boehner lasting longer than 23 years, seek immediate medical attention because boehner shouldn't counties chickens before they hatch. >> and that is your morning dish of scrambled politics. i'm joined now by columnist ellis th ellis hanigan. >> i think the blood is flowing to his brain very well. i think it's great. >>> electile disfunction, really? >> first of all, you can make one of these ads today so cheaply. you can throw it up on youtube for no money at all. and then you and i are talking about it in big time television. it gets a ton of publicity. this is a guy who has very little chance

ann taylor, abercrombie and fitch and american eagle outfitters are among stores are having "up to 50 percent off" sales.wall street cut estimates for the sector for the first quarter of this year.bebe and other stores are raising third-quarter loss estimates. winter may be over, but its impacts are still showing up in the housing market. new home sales in march fell to its weakest level in eight months, dropping by 14 and a half percent.the census bureau suggests the lagginghe median ps is up 13% since the same time last year. the report was disappointing for industry analysts, hoping for a major bounce this spring -- due to pent-up demand from the winter- that-wouldn't-end. busy week and busy day for earnings....with some bright spots, including boeing. the planemaker beat expectations and saw higher profits. it's cranking out jets and winning new orders. the stock was up 3 dollars on wednesday. delta airlines topped its profit forecast in the first quarter, on strong business travel and higher fares. the stock soared 6 percent.and p&g had a better first quarter from an increase in

like publicly traded abercrombie & fitch and aeropostale are all hurting.ou're going into consumer area which is especially weak, the weak job numbers. teenagers don't have jobs and want find jobs or want to work. would i avoid these in the retail season. melissa: what is the larger measure? charlie gasparino you call this market a puke. the nasdaq is puking today. that is charlie graphic. that is very him to say something like that. we're leaking at a dow down 144 points. we had a rough day friday, there is feeling, real loss of momentum. what do you think is going on, scott? >> well, listen, there are areas very sensitive, melissa. the pharmaceuticals, biotechs. there are places working out okay. ironically emerging markets which tend to be high beta areas which move a lot to the market and okay in europe and utilities and consumer staples. it is not all bad. think it is one of the tapes that feel a lot worse than it really is but we have to watch it, because if the areas i mentioned start rolling over we have a bigger problem. melissa: do you think they'

in fashion, they say shopping at abercrombie and fitch. >> i thought they were damaged by that >> they're not. >> owning ray-bans. >> doc martins and converse sneakers. >> nothing new under the sun. >> music and film, know what they like? electronic dance music and disney "frozen" song. >> i don't want to hear the dance version. >> i don't like techno, that's what i don't like. the constant banging. that's not for me. >> two things combined obviously -- >> the remix. this is "let it go" and -- >> this is a good sign. they think being smart is cool. >> yeah. that's good. >> that is good. >> even though their frontal lobes are not even formed. >> all right. so here is a viral video. so this is -- a starbucks -- a prankster decided they were going to have some fun with starbucks. they set up a rope line and pretended to be a bouncer so when people walked up, they would have to approach the rope line to buy the coffee. starbucks knew nothing about this. >> they thought it would be funny. >> let's see how they reacted. >> you know that is annoying, bouncers who won't let you in when you're not

wildlife, and private jet tours have become one of the fastest-growing segments, companies like abercrombienal geographic and others are selling thinks things out. now, right now they all use charter planes, so toronto-based four seasons hopes to gainage edge in the business by offering better experiences with its own plane. >> we have or dedicated consequence years of age. the meals have been sourced by four seasons chefs. all of the staff including the aviation staff have gone through four seasons university, so that they understand the expectations of our guests. >> you want to take a private jet tour, you can charter the jet, a ten-day trip will cost you about $2 million. you have to stay at a four seasons resort if you charter the plane, and for $2 milan free wifi in the room. >> and a key to the bar. chartering an outside yet would not give you the control over the quote/unquote experience. >> you're absolutely right. they want the four seasons level service and amenities from start to finish. by chartering a plane, you never know quite what you get. >> and you get the mini fridge key

a big move down here for those shares, then you look at some of the retailers, teen especially, abercrombie american eagle down 46% from its high may 22nd of last year. a big move down there and weight watchers, down from its high, 57% from july of last year, so a huge move down for a very well-known name and then, of course, there ee's ariat pharmaceuticals, down 69% from its high back on december 11, 2013, so as we talk about some of these big names, the ones that investors are looking at in terms of their shopping list, some of the blue chip names in the dow but also ones that have gotten as beat up if not more than some of the other stocks and the question becomes whether or not you want to catch the falling price of these stocks. >> where's the best place to put all your money with all the market moll tilt? let's bring in our guests from strategic wealth partners. welcome to you both. ed, i'll go to you first. the selling is intensifying here as the week comes to a close. where do you protect yourself? >> well, there's a lot of areas that go, but what we really like are companies that

>> retailers did so well, zumiez, abercrombie & fitch and urban outfitters.us on urban outfitters up 4%, up a buck 46. they came out and disclosed they expect the first quarter comp sales to grow there, to be down in the low single digits. that is not so great. however, slightly better than what the retail analysts had been expecting and thus you do see urban outfitters managed to do well. it was certainly a winner in the retail sector. as i mentioned some others are up 3, 4, 5%. great day for retail. david: thanks, nicole. liz: s&p futures closing. let's head back to todd horowitz from the pitts of c-m. -- cme. >> another record day and looks like it will close at absolute high of the day. watch the jobs number on friday and keep an eye on the nasdaq an russell. those are giving some warning signs. liz: friday the big day. david: todd, thank you. microsoft kicking off its three-day developer conference today. there wasn't a ticket available. ceo satya nadella facing tough questions from participants. some are asking why they should bother developing products

>> reporter: yeah, so care actually was the agency that litigated that case against abercrombie and fitchecall there was a teenaged employee who got fired because she refused the take off her -- to take off her scarf. they won that case and it took them three and a half years, as far as this case goes the state will now investigate. if they sustain the complaint that will pave the way for a lawsuit. but again, this could take years. >> okay kiet do live for us down in santa clara. thanks. >>> 5:47 now. google says it's making steady progress on that self-driving car project. >> some of the latest tests were on the streets of the company's home city of mountain view. here's a look at how the car performs at a busy intersection. pink boxes represent other cars. the red and yellow boxes are cyclists and pedestrians. and the red and green sensors indicate the car will stop and wait until the path is clear. a cyclists passes from behind and the car then determine it's safe to turn. google now losed 700,000 test run miles on the car. >> i'd like to drive my car. can you imagine being in the bac

>> reporter: yeah, so as you may recall, care actually litigated the case against abercrombie & fitche of years ago, there is where a teenaged employee refused to remove her hijab and they won that case and it took them three and a half years. now the state will investigate. if fay sustain this complaint -- they sustain this complaint it will pave the way for a lawsuit. but it could take a very long time. >> we'll see what happens. thank you. >>> it is 6:47. a check of traffic now with gianna. >> it's been extra busy on the pass this morning. a couple of accidents westbound 58 # at grantline and now been cleared out of the bay with you you can see the damage is done. the 30 minute ride westbound at possibility pass to 680. westbound 580 at greenville. in word yet if that's blocking lanes but expect a busy ride pretty much since sluggish conditions all the way to 680. a live look at conditions westbound 580. as you approach 680 and we're seeing lots of volume on the westbound side. elsewhere, if you are headed towards the bay bridge this morning, just a heads-up metering lights are on.

abercrombie & fitch down two percent.r announcing it will pay thousands of dollars to assistant managers due to improperly withheld wages. more are merging to join the lawsuit. >> number six is ebay. shares four percent. march comparable shares for the e-commerce website rose 7.8% year-over-year. >> number five is comcast. shares are down slightly today. it backhe ceo, expects to be in the number one spot when the tv season comes to a close. the network that aired the sochi olympic games and sunday night football will close with the biggest audience in prime time. the results mean the ages of 18 and 49. this is impressive in just three years, he has enabled them to go from fourth place to first place. it looks like they have had a huge success with shows. i know matt watches a lot, like the voice. >> i was going to ask what shows. watch on nbc? >> the voice and what? the blacklist. >> i am usually watching hbo were netflix were playing call of duty. >> that is a problem nowadays. a big victory lap. >> totally. his shows a

two, abercrombie & fitch down four percent.amid pressure from activist investors who want a shakeup in management. >> number one stock of the day, ebay. down more than three percent. carl icahn and ebay have called a truce, ending a four-month argument over whether or not to spin off paypal. ebay will bring in an independent director to its board and in return, carl i spoke with carl icahn just a short time ago and we will be bringing you excerpts from that interview in just a few minutes. verse, let's get to this market. here we are at the close of trading, closing a little off the lows of the sessions. more than 3%. the nasdaq suffering through the biggest fall we've seen since november of 2011. a lot of vague momentum names with companies like amazon, netflix, google all trading down more than numeral foo or -- numeral four percent. the s&p off more than 2%. a pretty brutal day all the way around. brian blair still here with us. run through the sectors that got hit hardest. lex a big selloff in these momentum names you've be

companies like abercrombie and kent and national geographic and others are selling out these tours.hey use charter planes, so four seasons hopes to gain an edge and offer better experiences with its own plane. meals on four seasons planes will be prepared by private chefs used locally sourced ingredients. there will be a concierge on board to help you book spa treatments, tee times as well. you can charter the four seasons private plane, a ten-day trip will cost you around $2 million. you have to stay at a four seasons. >> nothing like a bit of spare change on luxury holidays. >>> the euro, intraday, you can seat spike we had in the past hour or so. then a dropoff from that level the ifo purring the numbers higher but mario draghi, raising the possibility for the asset purchases. he's spoken about the potential negative rates and whether that's still one of the options that the bank could use. he said the ecb is committed to fighting off prolonged low inflation. draghi says the bank should reflect on the frequency of monetary policy meetings. >>> we'll go for break but plenty coming

abercrombie and national geographic and others are selling out the tours even though they cost betweenght now, all these companies use chartered planes. four seasons hopes to gain an edge and offer a better experience with its own private jet. meals on the four seasons plane will be prepared by private chefs, using locally sourced ingredients, of course. a concierge on board to book spa treatments, golf tee times and day trips when you land at the resort and special pillows, mattresses and duvets to create a sexy bed experience. i'll leave that to the imagination. you can charter this plane a ten-day trip will cost about $2 million. by the way, you have to stay at a four seasons if you just charter the plane. carl, back to you. >> just discussing with sara and simon the degree to which 52 people on a plane is private, i mean we're stretching the term aren't we? >> not buying it, it's not private enough for him. >> normally that holds more than four times as many people, so this really is sort of a retrofitted, like one of those land yachts. a lot of space, a lie down bed and a concierg

will now compile their two versions of the bill and one document vote and send it to governor neil abercrombie office for signing. the vermont senate is pushing the envelope where genetically modified food is concerned and passed a bill on wednesday that would make it the first u.s. state to enact mandatory labeling of foods made with genetically modified organisms known as dmoz and it would make it illegal to describe any food product to contain g m o's as natural or all natural the bill approved twenty eight to two by the senate has already passed the state house of representatives and now goes back to the house for approval of changes made in the senate if passed the law would take effect july first two thousand and sixteen according to the national conference of state legislatures there are g.m.o. labeling bills under consideration in twenty nine states whether they have a chance of being passed is anyone's guess it's a high stakes food fight after all back in two thousand and twelve ballot measures in california and washington state were narrowly defeated among the opposition months on to

in fashion, they say shopping at abercrombie and fitch. >> i thought they were damaged. >> they're nothe dance version. >> i don't like techno that's what i don't like. the constant banging. >> two things combined obviously -- >> this is let it go and -- >> this is a good sign. they think being smart is cool. >> yeah. that's good. >> that is good. >> even though their frontal lobes are not even formed. >> here is a viral video, so this is -- a starbuck -- a prankster decided to have fun with starbucks. they set up a rope line and pretended to be a bouncer so when people walked up they would have to approach the rope line to buy the coffee. >> they thought it would be funny. >> let's see how they reacted. >> you know that is annoying bouncers who won't let you in when you're not on the list. you no heknow what else? when you can't get your morning coffee. are you on the list today? >> for what? >> for coffee. like the genius bar they checked in earlier. maybe you have some women to go in with you. >> she can get in but i can't -- >> well she's hot. you want some coffee. you can go right