the nation's youth organization voted to change it's polyon adm admitting gay scouts. controversy is far from over here. members on the left and right are upset with this split decision. 1400 delegates voted on the meeting. we will have to wait until at least july until we know whether jodi arias gets the death penalty. >> and the pope is issuing a new warning to bishops of the catholic church this morning. he called the priests to remain spiritual liters and not become insufferable beurocrats. and that they should not be see included by the prospect of a career. the speech follows the pontiff's speech. >> doctors are diagnosing more young women who don't smoke with lung cancer. doctors are not sure what is causing the rise. there is no targeted chemotherapy drugs. but the symptoms do begin once the tumors begin growing. doctors suggest that a sin cancer drug reversed symptoms in mice. researchers tried to reduce the study results and never saw the findings in their own labs. today beach goers will be able to use the pier this morning in time for memorial day weekend.

berkshire hathaway sold its stakes in adm and general dynamics, raised stakes in wells fargo and ibm. out. took a new stake in chicago bridge and iron. that stock is outperforming. george soros sold apple. david tepper cut his apple stake by 40%. but others still like the iphonemaker, david einhorn raised his stake and dan loeb made a new holding in apple. here is a look at some of those stocks. i can tell you that i think it was british iron was up around 2% earlier on in frankfurt. >>> meanwhile, an unwinding position of gold etf has joust paced demand for the pressure metal. overall demand for gold was down 13% in the first quarter of 2013 compared to a year ago. so we've been asking viewers is gold oversold? let us know. get in touch, e-mail worldwide@cnbc.com. tweet @cnbcwex or direct to me. still to come, we've been talking about downtown abby. "the great gatsby" opened at the film festival last night. can revenue from placement become a major source of the area? ♪ bonjour ♪ je t'adore ♪ c'est aujourd'hui ♪ ♪ et toujours ♪ me amour ♪ how about me? [ male announcer ] here's to a

those prices are not always bad for names like adm., buy beans and coffee at low prices, repackage them, sell them out. it's not all bad and it gets a bad wrap for that. we've seen etf outflow in the name. but certainly, this is a valuation play, where you can get a good variety of agricultural names, so, i still like this, trading at 13 times earnings. i think there's upside here. you're not going to see a huge amount of growth with the pricing pressure, and soft ag having sold off with the huge crop output. i like some of the names in here, and there's bullishness to be positive about, especially names like monsanto. >> all right, brian, good, thank you. see you in a little bit here. for more action, stay tuned to "options action" at 5:30 p.m. eastern time right after "fast money," here on cnbc. >>> up next, recapping the wild week and trying to re-establish jane wells live shot at the barbecue, so, don't tune away. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indisti

dissolved stakes in adm and general dynamics, and new stakes in chicago bridge and iron and upped in ibm and wells fargo. leon cooper, one interesting theme, metals and miners, initiated a stake in the gdx at a four-year low. and gld, called that a position in the slv, which is near a three-year low. and dan lobe, dissolves stakes in morgan stanley, capital one and reduces in murphy oil, yahoo! aig. melissa, back to you. >> thank you, josh. karen, any of those stand out to you. >> loan pine, hrb. h&r block, vaqnguard increased their stake by 2.3 million and loan pine, a brand new stake of 6.7 million shares, this name we like. interesting to me. >> in terms of -- >> cbi. >> chicago bridge and iron. >> not headquartered in chicago. >> no. >> a great play. one of the infrastructure plays we discussed. don't go piling in on the back of mr. buffett here. traited up to 63 in the beginning of 2008. failed miserably and again, like cisco, would like to not get caught up in the maelstrom about to happen. >> gld, mark a potom here? >> that is a shocker here and what a butt kicker it's been in

so yeah, i'm all for the companies paying more because cargo and adm and what have you, we don't know how much they make and they make a lot of money. thanks for having me on. appreciate your comments. >> guest: that's very interesting comments especially in regards to the ecological concerns of the river. the caller noted that there is this concern that the river ultimately will want to take a different path than the one it is on now. that's a topic that fascinates me because i look at the old maps done 100 years ago of the mississippi river flood plane and as you know, the course of the river is serpentine, looks like a coiled snake and over the millennia, the river has taken many different paths. right now, man and the army corps of engineers has forced with ease levies into a particular path. a couple years ago when we had his raclette on the river, there was something turn we would break through levees north of new orleans and washed down with a bush ally of river, which is actually the path to geologists made the river really wants to take next. a monster breakout and go down th

. >> adm does most things... >> many people cleared through mf global because they were the world's largest gives you some comfort in the fact that you're always going to have that liquidity, you're dealing with somebody that's everywhere in the world. >> narrator: but when corzine took over mf global, the firm was in deep trouble. revenue from commissions wasn't covering expenses. the firm was losing money. >> when corzine first came in, the ratings agencies told him, "look, you stepped into a firm that has a lot of problems. so you don't have unlimited time. the ratings on this firm are fairly low for a firm in its business and the bias is to move them lower." and so that put more pressure on corzine than he would have otherwise faced. >> we're transforming from sort of an old-line brokerage firm into an investment bank. >> narrator: corzine set about cutting costs and replacing old-line traders with more aggressive hires from goldman sachs. >> we want to take and intermediate risk, a broker dealer... >> he was going to bring in a new team. he was going to have it take more risk. they wer

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ahead of this adm, which kicks off at 5:00 p.m.er today, the two sides have been exchanging very heated arguments and trading barbs over dividendes and over the board nominees. let me tell you in a little bit more detail about what's actually going on. carl icahn wants the company to pay $4 a share in dividend. transocean says, look, we're only going to pay $2.24. that's because we want to preserve the capital and keep up credit ratings and we want to invest some of that in our operations. now, the other sticking point is the board nominees. carl icahn, he wants to replace three board members, including the chairman and, ross, this is where it gets tricky because actually last week, transocean's chairman said that he was going to step down if he's re-elected later on today. by some, this is seen as a victory for carl icahn. others say this is simply a strategy for carl icahn's board nominees not to be elected. we'll see how this pans out later on today. let me tell you what the proxy advisers are saying about this. they're actually

i don't think this will speak very highly t at the adm. the bigger issue is whether shareholders are going to adopt a pay plan for this year because there's been a lot of criticism about the massive signing bonuses for some of its top executives, kelly. >> carolin, we're twins today. good to see you. thanks so much for following both of those stories. >> you're twins. >> yes. we've both got -- >> our, your purply. is that what it was? >> yeah. >> okay. >>> in less than four years time, that could be set to change. i don't think we're talking about computers. >> no. >> i think what we're talking about is mobile phones. more than half of all employers will ask work toers bring their own devices by 2017. this will help firms bring down costs. >> is it a monitor? >> a monitor or a -- >> my summer job throughout high school was working and the elevators were always being serviced the. so we had to bring these 17 inch monitors which are so awkward and heavy to carry replacing computers for professors. i'm so relieved that it's all on mobile devi

the company had guided at adm recently to a specter and that income result was close to a billion.the low level of large losses meant very strong results, but actually operating results were good, as well. so yeah, an increasing set of numbers from munich re. >> where do they go now? what happens to rates? >> well, rates in re-insurance, i mean, generally, we've seen quite strong rates in response to catastrophes. what i would say is looking to june and is july renewals when much for u.s. business renewed, we would expect to see some pricing pressure. we've seen a lot of third party capacity coming into the sector. so increase supply pushing down rates there. >> yeah. and does the story spill over? i mean, if you're going to -- you've got munich re and hannover, does the story spill over for the whole sector? >> sure. i mean, we've seen very strong results across the board from fellow european re-insurancers, but re-insurancers reporting in the last couple of weeks. like i say, across the board low level -- exceptionally low level of major lows, meaning a very good start to the yea