bob phillips is spectrum management group managing partner. gives investors three blue-chip stock picks with attractive valuations. so valuations are important to him. green square capital's lincoln ellis at the cme we begin with lincoln and we see follow-through sort of from the malaise we saw last week where we snapped the five-week winning streaks. >> zap s&p down 1%. repositioning to take care of that alibaba ipo. there is noise, scotland, things in the e.u., separatist movements. longer term issues are still very much at stake. getting clearer what fed policy is relative to what ecb policy is. developed market versus emerging market. investors really unclear about where the best places to allocate capital are. because on relative value, some of the things that have been sold off over the course of the last three months are interesting. as your other guests will tell you, the u.s. very much in favor in terms of investtores. david: ron weiner, i want to go to you first. the story was about the tech sector. you're big on the tech sector. you

mark phillips, cbs news, london. >> bob schieffer: which brings us to george xliii and william xlii one subject of grandfatherhood. former president george w. bush who became a grand-dad last year had advice for former president bill clinton who is due to become a grandfather later this year. >> it's going to be an awesome period for you and get ready to also be the lowest person in the pecking order in your family. (laughter) >> bob schieffer: i know that feeling. in california, trucks may soon replace wells as the only way to get drinking water. that story is coming up next. collect garbage...and a big paycheck...gets dirty. the w accusations...next weather talent appears at wx center with generic pinpoint filling monitor then we take >> bob schieffer: finally tonight, that rain that finally fell on southern california overnight won't do very much to ease the drought which is now in its third year. the entire state is bone dry. so what happens when the water runs out? well, ben tracy reports, in some places, it already has. >> hi, love, how are you? >> reporter: for more than two dec

from phillips bob will retire when he's 153, which would be fine if bob were a vampire. he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. ♪ we could have had it all . >> whaelcome back to "hannity." baltimore ravens aren't just mad at ray rice. joining me to explain more is the host of the norris and davis show. ed norris. who else are they mad at? >> well, they're very mad at the nfl. they're very mad at the ravens organization, the front office in particular. seems like ray rice, they're disappointed in ray and there's a lot of emotions surrounding that, but really angry at the way the nfl handled this and the way the organization handled it. >> what about roger goodell? he said he wanted the tape, asked to see the tape, didn't see the tape. i think seeing the tape just is so shocking that i have to believe they would have acted d

as legal and national security scholar phillip bob bit has said, terrorist movements often reflect or mirror the resources, tools and aspects of the societies that they attack. they use digital technology to attack us, to build their movements, and we use it to track them. in a sense, we see the very forces that we're fighting. so digital technology has provided great benefits. it also enhanced threats. many say this paradox also applies to the nsa. finish it, too, uses technology, digital technology to protect us from terrorism, but there is also potential for abuse. i'm reminded of james madison's famous statement in federalist 51 where he said that we need government to protect us, but at the same time, we need what he called precautionary or auxiliary precautions to protect us from the government. if, indeed, there are angels, they don't dwell on this particular earth. we're fortunate today to have a very distinguished panel to discuss the nsa and to set the stage for what i hope will be a very interesting q&a. i am donald downs, university of wisconsin, and i'm the moderator of t

. >> joining us, lieutenant colonel and pentagon consultant bob mcginnis and former cia counterterrorism official phillip mudd. bob, let me ask you this first. when we say nato or talk about some sort of coalition, how do we make sure it isn't just the u.s. almost alone doing whatever needs to be done? >> well, martin, that's always tough and, of course, the president was in nato this week talking with our key allies lie the brits, and germans and managed to garner significant support. they've recognized the threat of isis and, of course, now secretaries hagel and kerry are on their way to the middle east trying to recruit arabs so that they can fight on the ground. so together with the nato allies as well as those from the region working together, i think we can put together a reasonable coalition, and it will fit the emerging strategy the president has put together. >> let's talk about that strategy, because we know this week we heard not only from president obama but also from vice president biden and from defense secretary chuck hagel on the threat of isis. let's listen at this first of all, please.

minutes to decide whether or not he should give the order to try and take out captain phillips captors and he had snipers bobbingn a boat who were pretty sure they could get the bad guys but might get captain phillips and he's got ten minutes to decide, or someone walks in the office when you're dealing with a financial crisis and a war, and tells you that we may have a h1n1 pandemic, that is the nature of the presidency, and that is why it's such an incredibly challenging job. >> andy, let me ask you about that, because it's the whole question of, what is the process that a president uses to come to a decision? and you know, we have heard a little bit of it discussed here, but presidents have to face countless decisions on administrative issues on legislative issues, on -- as commander in chief, on foreign policy, political decisions, et cetera, et cetera. what was the -- what's the process that the president uses in order to come to a decision? i mean, you know, the perceptions are these, reagan kind of had this core set of beliefs that ken talked about. clinton kind of reached out for a review, bush we though

minutes to decide whether or not he should give the order to try and take out captain phillips captors and he had snipers bobbinga boat who were pretty sure they could get the bad guys but might get captain phillips and he's got ten minutes to decide, or someone walks in the office when you're dealing with a financial crisis and a war, and tells you that we may have a h1n1 pandemic, that is the nature of the presidency, and that is why it's such an incredibly challenging job. >> andy, let me ask you about that, because it's the whole question of, what is the process that a president uses to come to a decision? and you know, we have heard a little bit of it discussed here, but presidents have to face countless decisions on administrative issues on legislative issues, on -- as commander in chief, on foreign policy, political decisions, et cetera, et cetera. what was the -- what's the process that the president uses in order to come to a decision? i mean, you know, the perceptions are these, reagan kind of had this core set of beliefs that ken talked about. clinton kind of reached out for a review, bush we thought

was winning, sid pub owner bob shields but -- >> the funny thing, when the yes beer sells, you just start drinking the no beer. >> reporter: the heeling has begun. mark phillips, cbs news, edinburgh. >> pelley: we have an update now on a pair of pooches. in los angeles, gordo, who was hit by a stolen van during a police chased with night is doing better. word is gordo came through surgery, and the vets believe they have saved his injured hind leg. then there's ginlet who mysteriously turned up in oregon five months after she went missing near philadelphia. she's going home. the company that meat microchip i.d. that identified her owner is paying for a flight. a cop comes to the rescue of two young kids. steve hartman "on the road" is next. and an excellent source of fiber to help support regularity. mmmm. these are good! the tasty side of fiber. from phillips spressure points on my tired, achy feet. i had no clue i was putting this kind of stress on my feet. i have flat feet. i found this out at the free dr.scholl's foot mapping center. in less than two minutes, i got my foot map and my custom number. i'm a 440. i'm a 210. 340. that number matched the dr.scho

phillips' digestive health. a daily probiotic. >>> a federal jury found former virginia governor bob mcdonnell guilty of 11 out of 13 corruption charges today. his wife, maureen, was found guilty of 8 out of 13 charges. bob mcdonnell, who once served as virginia's attorney general, left the courthouse today after his multiple convictions and said only this -- >> governor, anything to say to >> governor, anything to say to the people of virginia? governor, do you have anything to say? anything to say for all the virginians watching out this? >> all i can say is my trust remains in the lord. >> joining me now is kelly o'donnell who was inside the courtroom when the verdicts were read. and paul butler, a former federal prosecutor and law professor at georgetown university. kelly, take us inside that courtroom. it's very -- maybe one of the only suspense dramas left in public life is the announcement of the jury. this was a long verdict that they had to go through with so many multiple counts, over 25 counts they had to read off between husband and wife. what was that like sitting through that? >> well, there was real tension today, lawre

phillips' captors. t and he had snipers on bobbing on a boat who were pretty sure then could get the bad guys, but y se ght get captain phillips, and he he's got 10de minutes to decide. or when you are dealing with a final crisis in a war and tells you that we may have a h1n1 pandemic. that is the nature of the presidency. and that's why it is such an -- an incredibly challenging job. >> andy, let me ask you about that. the whole question, beof, what, the president that a president s uses to come to a decision? and you know, we've heard a ow, little bit of it discussed here but presidents have to face countless designificants on d administrative issues on legislative issues.is as commander-in-chief. on foreign policy.on for political decisions et cetera, e et cetera. what was the -- what's the process that president uses in order to come to a decision. the perceptions of these, reagan had this core set of beliefs that ken talked about. clinton kind of reached out for review. you talked about that.about bush kind of, we thought, operated by his gut. obama, the law professor's approach. what was the proce

phillips 66 and valero. that is because refiners are paying less to refine their products so their margins go down. >> thank you very much. we'll get to bob in a minute. but first to dominic for a market flash. >> oil prices move to the downside like jackie just said here. take a look at american, united continental, delta, southwest. volatile but they are still with the price of oil. always an industry to keep track of when we talk about falling energy prices. >> thanks so much. stocks eking out modest gains. the dow up 20 points. the nasdaq up 22. it's the biggest percentage gainer of the three major indices. bob pisani is going to give us the trading action from the nyse floor. >> two issues. number one, we're getting problems with interest rates today. number two, we're getting problems with some of the mid-level names sort of stalling out on me. my friend jeff saw it over there. strategist noted that of the 1,025 stocks in his analyst universe, the average stock is 23% off the 52-week high. that means a lot of the mid-cap names and smaller cap names aren't doing that much anymore. they are just languishing. that is sign of internal m