school admed a on cinco de mayo.chool admed administrators to them to turn the t-shirts inside out or go home the incident led to a lawsuit that went all of the way to the supreme court which turned down the case this year. >>> at 4:36. more development and less parking near at&t park. fans might be a little skeptical about that. today the giants are rolling out a ballot initiative to turn a parking lot into a neighborhood. it's been in the work fof eight years. the giants and neighborhood reps are ready to take it to the voters. that project would transform parking lot a behind the ballpark into a mixed use development with parks, affordable housing, and new jobs. >>> the annual silicon valley gives fund-raisers under way. 24-hour online fund-raiser benefits hundreds of charities in the bay area. last year's event raised $8 million. they will be out today raising awareness about the event. bob ridell will be there as well with more details. >> he will not be the only one. christina loren is going to make her way out

adm. gortney: commander at norad it's my responsibility. chaffetz: why didn't it happen? adm. gortney: because we're working against physics. our system is designed to detect, track, identify. we have a decision making process to decide what to do and then we engage. that is net t sensors, radars, cameras and other capabilities that are out there and we employ that system to the best of our ability, mitigate the risk to the best of our ability. but it's only capable down to a set of characteristics that the platform that we want to track and defend against is emitting based on speed and size. i can go into further details in the classified section. >> your rep. chaffetz: your spokesperson for michael cutch arkic in an article dated april 16 in the baltimore sun. you had launched some balloons at the aberdeen proving ground called the netted sensor system. was designed to help officials "spot low-flying slow-moving targets. was it working? was operational? adm. gortney: it's not operational sir. we put it up to test it. it's in testing today. and in the investigation we are goi

massive flooding causing adm to breach outside of dallas. emergency crews work to ease pressure on the dam. new storms are hitting houston after 11 inches of rain left the city underwater. fox news is on the scene with the very latest. well. >> hi melissa. the death pool has risen today. literally, right in front of us. you can see the debris on the back wall. a couple hours ago as the water started to dissipate there was a red truck that we started to see down below here. as water when went away, that is when six bodies were confirmed to be fatalities. 4000 buildings sustained some type of damage. thousands of cars of banded. 13 people are still missing. authorities say they were swept away. it swelled 48 hours ago. rescue crews still trying to look for those people. at the same time, there is a dam to the southwest of dallas. very big concerns that that dam was going to break. the dam should hold. that is very good news. two dozen homes. hit by about a 20-foot wall of water going through there. the good news is that dam is holding. the sun

while visitors walk on adm we hopped on a boat to see how detroit was impacting the reservoir. you might think a reservoir that relies on still would be empty. he is the assistant manager for water at the san francisco public utilities commission. he says even though the reservoir is 70% full there should be a lot more. >> we will go out there and we won't see any snow. >> he has seen both the highs and the lows. >> on a good year that waterfall falls into the reservoir. we don't even see the rocks. >> the falls is falls is blowing at 2300 gallons a second. on a noble year it would be five times that rate. more evidence of a drought. dark areas on granite where water should be flowing. the defined boundary of the high watermark. we reach an area seen by few. the connection between a river and a reservoir. this water will take three days to make it to the bay area. behind me is the net main source of snow melts. on an average it will fill it up three times, this year it will not happen one time. by june reservoir storage book is that 80% of capacity. we are actually still borrow

all four are smart unflappable, strategic, andnd innovative leaders, admed by y their peers and troops. those attributes could make them the momost consequenential o of military officers in d decadeses. as they p prepare over the coming nths tassumeme their posts the group needs to map an aggressi agegenda. ththanks for wching. i'm vago muradian. vit us atefennews.com f continuing coverarage onationonal and international news i including the welell of cyber dense, and update on thtransport ash in spain n and what it means forhe upupcoming paris social, a the officers tapped to lead the u.s. army and navy. if you have comments about the sh or suggestions for future coverage, please e-ml me.e. i'll be back x week at the sa time. until then, hava great week. [c[captiononing peperformemed byhe natitional c captioning ininstitutute, whicich is responsible f for its captn contntent anand accuracy. visincicap.org] morris: this week on >>." "government matters." the data act is new guidance from the office of management and budget. will it create a more data-driven government? >> they felt the

in the wake of the "voluntary" restraints a new sticker appeared on japanese cars the adm, additionaller markup. generally you are going to pay a litt bit more for a japanese car versus an american car. but i think the level of quality that you find in a small car is worth it. oh, it bothers me immensely. i wish they'd get rid of the import quotas. i think it's one of the biggest rip-offs of americans i've ever heard of. it's only to protect incompetent automobile manufacturers. schoumacher: bad news for buyers was good news for dealers, like toyota dealer kay jennings. for the japanese car business, we sold fewer cars but we had many, many price increases because of the restrictions. because if you have fewer cars the prices are going to go up. but it did the same thing to the american cars. we all said -- the only thing that the restrictions, where the restrictions really hurt was the general public. schoumacher: and it wasn't only the buyers of japanese cars who were hurting. we paid more for american cars as well, as american car dealers discovered that they could raisprices, too

example, like adm, for and so forth. see lower sugar production coming out of brazil as a result of greater rainfall in the back half of the year, what you will find is a positive price impact. through could be muted on a negative volume impact for those guys producing in brazil. so then you look more to your asian sugar names. people who have exposure to sugar in asia so they get a positive impact on the price and the volumes can still be broadly unaffected, at least in the near term. so those are the options the people concert to look at. rishaad: you mentioned, if we look at asia, what do you expect for el niÑo in asia in particular? wayne: i think the most obvious impact will be on palm oil production. those impacts can extend not only to the industry itself, but also to food prices more generally. india is one of the largest importers of palm oil, for example. if we were to see a constraint on palm oil, even if it is only in 12 months time, it is a risk we can start to put on the table, that we could start to see an

so adm. olsen comes up with these combat teams and are attached to any team that needs them. it could be rangers or seals or combat forces. that was the idea. in one of the early things that i think people remember is that more than 200 women applied for the program and a hundred to this not very nice hotel in fort bragg. it's not a posh hotel like you send for skins think of posh hotel. so they come to breakfast where they have a walkable maker and they've never had a moment where they've been around women who are as hungry and ended ambitious and driven and really committed to doing something that mattered, as they were. they all had a moment where they had been so used to being the only giraffe at the suit that they didn't know there were more people like them. so what follows from that motel experience is what is like 100 hours of hell. that was the test they had to face. the hundred hours of hell was a series of mental tests and physical tests. climbing. climbing 30-foot walls figuring out puzzles, doing a lot of things within incomplete information. then doing things by

while visitors walk on adm we hopped on a boat to see how detroit was impacting the reservoir.

adm, monsanto, tyson, deere.antage of having moo as opposed to individual stocks or vice versa? >> depends who you are as investor. if you're a big institution, moo is not simply liquid enough. if you're a individual buying a few shares it will not kill you. if you need liquidity get into individual components. david: which one of the ago stocks you like? >> long term perspective, bigger pictures, hard not to love tyson, love that name, tsn. over short term potash looks terrible, agriums better. david: j.c., good to see you. right before. hopefully you're right again. liz? liz: $120 million on a tank upgrade that the pentagon said isn't needed at all. just one example of the so-called congressional pork that you the american taxpayer are ponying up for. we have the story next. >>> plus, one passenger's story of survival after the devastating train crash in pennsylvania. don't go anywhere. we've got it. >> hi, everyone, i'm gerri willis. coming up on my show at the top of the hour, the latest on the investigation

the only other name i like individually is adm. that looks like it's about to break out on its.the movies in general. >> natural gas, we don't talk about it very much. it is slowly percolating higher. three is a very low number, but up from the low twos, we are heading into summer and it's starting to get hot out there. that should be electricity demand and natural gas fires a lot of our great. i like long natural gas here and this continues to hire into the mid-threes into the summer. one, you can use an etf. that i particularly like is san juan royalty trust. sjt. it pays a monthly dividend tied to the san juan basin and that varies with the price of natural gas. that's a great way to play it. >> markets are closing for the day and the week. let's get to the second half trades. >> i'm not a commodities ball. the other way there, if crude rolls over and going the other way, the way i want to talk about it is the metal stock and the etf on the screen there. commodities and the demand is not there. i am looking to go against those. if you are looking to be bullish on china and no

then adme n, -- admin, logistics. >> and there was hand to hand combat and no injuries.u? >> they are very skilled. it's relatively easy to over come an enemy subjected to our surprise. hand to hand combat normally we think of jiu-jitsu and that stuff. it rarely takes place but from time to time it does. the in any case we have the drop on them. i'm not surprised we overcame them quickly. the reason we went in there rather than using a drone, could have blown them up. we wanted his computers his cash flow. >> you wanted to take something out of there. >> we want the bank accounts. this is likely a huge treasure trove of information we can convert into finished intelligence. don't be surprised if the same kinds of operations ensue in the coming weeks. >> all without with a single american casualty. thank you for your time. >> you're welcome. >> thank you for getting up with us today. catch more of oh pe not on the weekend but during the week with if you want with special guests monday nights on meerkat and per scope. check me out on twitter. up next is melissa harris-perr

disney reports before the opening bell and we get results from adm estee lauder herbal life and solarcityeet and stocks have been trading at record high territory but with the recent run up in stocks some are questions whether u.s. equities can continue their bull run. our next guest is underweight equities. let's bring in chad from cnbc headquaters. a pleasure to have you on. help us understand why you are underweight equities right now? >> we had a run here in the united states but we do believe valuations are stretched. when you look at a forward looking pe multiple you're looking at 17 times. total market cap to gdp it's elevated on a historical basis and when you look at profit margins you had a tremendous run within the united states. we're two standard deviations from the form. you're not going to get that earnings growth to fill in the valuation gap. so we would be more pragmatic at this point. we would be moving up the quality spectrum. we're moving away from the high flyers at this point. >> how do you deploy defensive strategies in a rising rate environment? >> you can look at

and i'll keep coming back to this podium until the adm >> wednesday the sitter hearing about what they believe are the most pressing issues for veterans including veterans health, suicide prevention, and budgetary issues. this is two hours. >> ranking member blumenthal. there will be an opportunity for remarks. hearing no objections, so ordered. our witnesses will include the paralyzed veterans of america colonel robert norton patrick little commander of the military the witnesses here today and the organizations they represent serve a necessary and admirable role to ensure men and women of our armed forces have the care benefits, and opportunities they deserve when they come home. i'm thankful for the dedication and the noble service of each of the organizations represented here today and their representatives have worn the uniform themselves. a returning war fighter deserves the best. i'm honored in my position as chairman of the house committee to work alongside these groups to make sure that is exactly what they get. i would like to personally welcome everyone who is made the trip