unable to reach and though about these new calls for him to step aside norfolk city treasurer anthony buffett back at work monday and under pressure to leave on friday the feds the thirty page indictment alleges perfect wielded his influence as a council member directing projects to a businessman in return for hundreds of thousands of dollars in kickbacks so far counted and barclay when an enterprise you're a candidate for mayor have called upon perfect to step aside but i think it's probably awkward spring is a big t leave of absence allows that to occur unless in the river's defense. sheriff bob mccabe another candidate for mayor has also called upon perfect to leave his post as manager of the taxpayers' money. this position calls for i have access to tax records of businesses and individuals and do the type of charges of use in your office for personal gain in those type things that those are pretty serious. mccain has gone as far as to throw his support behind a possible voter recall if bertha continues to arrow says the recall is not practical. that is not going to happen the way our fed

delays and ashley smith will tell you where the problems are on the roads norfolk city treasurer anthony buffett says he is not guilty of public corruption. we broke the news of this on twitter today accused of taking thousands of dollars in bribes from a developer or celeb roberson talked to birth was a turning yellow and the burger was in an orphan federal court this afternoon pled not guilty to those political corruption charges. he asked the judge for a jury trial that is exactly where this case is now headed is facing very serious allegations all allegations his attorney says are not true and her entire hand when i think in the norfolk city treasurer anthony barr foot had nothing to say as he walked into federal court wednesday his attorney however has a clear be fighting the earth but pleaded not guilty and asked the judge for a jury trial anthony says he's innocent he's adamant about that and he's presumed innocent and should be given every man for the dow first one is accused of political corruption accepting gifts and money in exchange for the use of his power tie vest the now defunct d

anthony, how do you feel about that? we have had this conversation before. there is the opportunity to buy when fear is greatest. is that what buffetts and that's what you do? >> we feel a little bit of panic going into the markets. in this case there is a transition going on in the markets, liz, because of rate hikes, because of slowdown in oil, the market is now resetting to what we would call a, a more mean reverts pe multiple. this is sort of a 15, 15 1/2 pe multiple. that is are with the market will finally settle. once there is visibility on this quarter's earnings which is coming this and next week that is our prediction. that is why the market is very sloppy here in addition to the oil. but at the end. day the fed is normalizing their monetary policy markets normalize where they typically traded before historically. liz: david, there are people who are gutsy, i have a little bit of dry powder, i want to buy. give us three names. you don't have to go into a list but i'm sure there is a common thread with these names. >> couple ideas. altria. 3.9% dividend yield, very defensive stock. if you want to be engaged, hide out a litt