tycoon, boone pickens, if green is losing its cool. it seems that the enthusiasm is fading a little bit for green energy. >> well, green energy is expensive. charles. it all comes down to you will go the you know cheapest you can on energy, and natural gas is cheapest. you cannot make a wind project work unless you have $6 natural gas, wind is priced off the margin, and so, if naturals go is $4. you cannot do a win deal, i know because i took a big loss on this very type. same project you are talking about. charles: i remember, a huge project, you put a lot of money into it here is the thing, too, i think maybe message is, and a reality check, but, even on best case scenario we will use fossil fuels for a long time, we might be using it. >> you are right, wind will come back, there is no question, it is source of energy. that we'll use in the future, but don't subsidize it, you know to the level that it is you know expensive that is another debt real create. use the cheap natural gas. this is a great opportunity to take advantage of ch

and boone pickens also joining us, founder of bp capital. all ahead. >>> first, a huge day on the street today. s&p 500 trying to close at a record high. take a look at how we're selling out on the street today. dow jones industrial up 105. volume on the light side. nonetheless, prices on the upside. nasdaq composite up 27 points today. almost 1%. finishing the day at 3307. s&p 500, 1593. gain of .75%. 11 points higher on the standard and poors. more on today's big rally and bring in eric ristubon of russell investments. andrew keen. doug cody. and kenny pulkari of o'neill securities finishing up his trades and will join us momentarily. good to have you on the program. eric, you saw the friday gdp report having an impact today. despite the disappointment, how is that possible? everybody complained that the gdp report was below expectations and here we have more money moving into stocks? >> yeah. disappointed exactly the right way. when you look below the headline number of of 2.5% and you look at the composition, what you saw is housing is d

i'm just here with boone pickens.nterrupting the interview, as always, because the world revolves around boone. >> it is a big deal here. liz: it is a big deal, and we're thrill today see you. boone, of course, an oil man but into natural gas, very good friend of the fox business network. howard, back to you. tell me not to be skeptical about the share buyback on any level. i look at that sometimes as a little bit of alchemy when companies are very interested in maybe juicing sort of their stock. and yet you say this is a really big deal for apple and can that we should enjoy in the and embrace it. >> yeah, this is a big deal. and a lot of companies, companies like ibm and berkshire hathaway, many others have been very successful with this form of financial engineering which is what it is. but, you know, apple was under a lot of criticism for having its big cash pile and not using it. now they're putting it the work. let's not criticize them, let's embrace this. thai raised the dividend 15%, they're going to buy back

boone pickens. a whole host of people who are making money in this bull market, bill. >> looking forward to that. maria is in my hometown. i'm in hers. bill griffeth at the new york stock exchange. bums running wild again today, maria, put the s&p on pace to close at a record high. as mandy was mentioning, one of the leading groups in this sector have been the utilities. they are hitting yet another five-year high today. coming up we'll look at whether that red hot sector can continue to move this market higher. we'll look at that coming up, maria. >> and once again, of course, it's a lot of fed induced buying. today we're talking to former federal reserve governor kevin warsh weighing in on whether the stimulus measures are actually keeping inflation too low. his take on whether the fed might dial it back. >> all right. let's get you caught up on the markets. how they're trading today. it has been a gradual rise higher all day. we're sitting near the highs right now. the dow up 120 points. it was 1

boone pickens knows what it is like to pick an energy fight in washington though he doesn't have muchnning record. i spoke to him earlier this week about his frustrations in pitching what he calls the pick ens plan. welcome. thanks for being here. >> sure. glad to be here. >> before we talk about energy you said recently washington has the largest group of incompetent people in one place in the world. do you mind elaborating? >> one thing would be we haven't had a budget in five years. i can't imagine operating government without a budget. okay. that's one reason. and another is, you know, i've brought the pickens plan up here. simple plan. get on your own resources. get off opec oil. that's not hard to understand. >> certainly there would be i would think a lot of people in congress who want to support that. >> you'd think so but we never got anything done. >> so you support the keystone pipeline extension. that is actually oil from a -- fuel from canada -- but you do support it. what do you say to the people who see the exxon pipeline leak in arkansas this week and say, hum. that's

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no, it's a boon to the people who are getting the slave labor, the businessmen. that's not m of america. >> you give them so little credit, ann, don't you think they work? they work. >> no, it is a fact -- >> the majority of them come to work. >> i don't care. if 65% are getting government assistance, i'm subsidizing the cheap businessman's cheap labor. >> i don't want to disagree with you on the entitlement. all i'm saying -- >> i asked one of my friends, peter teal, about this idea, especially the agribusiness. they keep saying we need the guest workers, and peter made a very interesting point to me which was when he was creating paypal, they tried to do -- have the phone service, you said that didn't work. when that didn't work we just fixed the problems. when one solution doesn't work something is created because i had asked him, look, you are inventing everything. you can't invent a machine cabbage picker? we have to bring in hordes of mexicans collecting welfare? and he said, no, they will invent it. they have invented it. >> if they work at stores and fast

the liability issues alone -- >> it's a boon to gun manufacturers. >> it's a boon to gun manufacturerst's a boon to the nra and i think it shows exactly why our system is so broken. >> this fight is not over. i think it's important to go back to the brady bill fight, the ban on assault weapons and the large-capacity magazines. that fight took five years. we're ahead of that. but those who were involved in that fight in the '90s understood that you weren't going to move quickly in congress and you're certainly not going to move quickly in this congress where they filibustered any meaningful piece of legislation. it's not just bloomberg's money, which is an important force, it's a movement being built. a movement being built to change the national dialogue. >> quick before you go, i wants to announce that president obama will be going to hartford, connecticut on monday. jay carney, the press secretary just announced that. you wanted it make a point about that. >> the center for progress is coming out tomorrow with a 50-state analysis, i'm going to be in the suburbs of philadelphia at a p

. >> the children in the neighborhood and it will be a major boone. and we have generations, the youth generations that will be able to use this park in different places. >> the best park in san francisco right here. >> creating place where people can be active and lead, active, healthy life styles that are going to just stay with them for life. ♪> >> >> good morning. today is wednesday april 17, 2013. this is a regular meeting of the building inspection commission. i would like everyone to turn off devices. roll call. president mccarthy, mar, here, commissioner lee, here, mccray, present, melgar here, and commissioner -- is excuse. >> because of time restriction here we would like to propose some changes to the agenda and move them to the next full meetings. >> yes. >> what i'm suggesting is formula retail in the upper market ncd proposed planning commission policy that would establish a methodology for determining the concentration of formula retail and set the appropriate level of concentration for formula retail in the upper market neighborhood nc

. >> the children in the neighborhood and it will be a major boone. and we have generations, the youth generations that will be able to use this park in different places. >> the best park in san francisco right here. >> creating place where people can be active and lead, active, healthy life styles that are going to just stay with them for life. ♪ supervisor avalos, breed present. supervisor chiu? chiu present. supervisor cohen? cohen present. supervisor farrell? farrell present. supervisor kim? kim present. supervisor mar? mar present. supervisor tang? tang present. supervisor wiener? wiener present. supervisor yee? yee present. mr. president, all members are present. >> thank you. ladies and gentlemen, before we do the pledge of allegiance, i'd like to ask that we take a moment to recognize the victims of yesterday's boston marathon tragedy. [moment of silence] >> thank you very much. and ladies and gentlemen, could you please join us in the pledge of allegiance. i pledge allegiance to the flag of the united states of america, and to the republic fo

this to how we want to get out of this and with the next bid this type of fundraising has been a real boon no longer do their questions revolve around this. so with this in my mind we want to oil something we've been working on with the members of the mayors staff and the city attorneys office. and the donations that we have gotten we're hoping to get assigned as the host city. the mayor made some comments after question time as this idea was coming together and people let their minds go are we now having companies sponsor those events? we're looking at generous donors from other parts of the cities. i want to pause there for a second. through the course of this role i see the port as this great place but it's a cultural and social history of the city. and i want to say, you know, because the port could use this as a legacy to create its own program to help with the preferred maintenance and with open is that a and people learning more about the port i'd like to see those two legacies. with your feedback we would like to work more on the idea and come back for more action later. perhaps i'

. >> the children in the neighborhood and it will be a major boone.erations, the youth generations that will be able to use this park in different places. >> the best park in san francisco right here. >> creating place where people can be active and lead, active, healthy life styles that are going to just stay with them for life. ♪ >> 7 and a half million renovation is part of the clean and safe neighbor's park fund which was on the ballot four years ago and look at how that public investment has transformed our neighborhood. >> the playground is unique in that it serves a number of age groups, unlike many of the other properties, it serves small children with the children's play grounds and clubhouses that has basketball courts, it has an outdoor soccer field and so there were a lot of people that came to the table that had their wish list and we did our best to make sure that we kind of divided up spaces and made sure that we kept the old features of the playground but we were able to enhance all of those features. >> the playground and the soccer f

. >> the children in the neighborhood and it will be a major boone. and we have generations, the youth generations that will be able to use this park in different places. >> the best park in san francisco right here. >> creating place where people can be active and lead, active, healthy life styles that are going to just stay with them for life. for life. ♪ [horns honking] [siren wails] announcer: big dreams and goodrades aren't enough to get into college. there are actual steps you need to take. finding someone who can help is the first and most important. for the next steps, go to knowhow2go.org. >> i all this meeting to order, would you call the roll? >> sure, i note that your replacing in her absence, lloyd, present. >> metcalf? >> present. >> reiskin? >> present. >> director sartipi is in route, you do have ♪ ♪ ♪ >> the san francisco playground's history dates back to 1927 when the area where the present playground and center is today was purchased by the city for $27,000. in the 1950s, the center was expanded by then mayor robinson and the old g

. >> the children in the neighborhood and it will be a major boone. and we have generations, the youth generations that will be able to use this park in different places. >> the best park in san francisco right here. >> creating place where people can be active and lead, active, healthy life styles that are going to just stay with them for life. ♪ >>> happy april san francisco. they say april brings showers but in san francisco it also brings us flowers and sunshine. whatever the weather maybe, get out there and enjoy it. this tuesday april 2nd come to the bird watching event. so it will be a moderate pace. folks will be able to distinguish from all the birds. r svp s required. each month s s city hall presents a performance by dancers groups. the performance is from hip hop to ballet and folklore and others. join the s s valley school in the rotundum. over 32 foods with live music and innovative as well as established favorites. indulge in the fun this friday night. that's the weekly buzz. for more information visit us . >> hi, my name is sharon, i'm

. >> the children in the neighborhood and it will be a major boone. and we have generations, the youth generations that will be able to use this park in different places. >> the best park in san francisco right here. >> creating place where people can be active and lead, active, healthy life styles that are going to just stay with them for life. ♪ hey, guys. i'm with the weekly buzz. have no fear because i'm here to break down the top places to be this week. this tuesday come to the french film and wide conversation class to help non-french speakers to discover french cinema. san francisco is offering weekly class. the class will take place in the theatre with refreshments and popcorn for a $5 donation at the door. the carnival maybe more up your alley. the annual fundraiser for mckinley elementary school. watch dogs compete for best tricks at the biggest dog event in san francisco. don't miss this from 7 a.m. to 4 p.m.. this sunday april 14th, the block party is on in full effect when this neighborhood celebrates in street parties so pedestrians and

several million faithful including many from iran come every year to visit the mosques in karbala a boon for the holy city. religion is a river of gold as the saying goes. we don't know what it's all. yes that when a country's native sons defend it things go better and they're always better than an occupier. and invader always has trouble understanding the country they occupy and as the air proverb says no one knows the roads of mecca better than its own inhabitants. of it if i have it. this is. the main prayer takes place in the same most. the him i'm sermons a political resonance and a broadcast throughout iraq and the shia world and. the shias today are imposing their numbers and their power. and. prayers always end with cries to the glory of the prophet hussein the son of ali allegedly designated by mohammed to be his only successor you never heard that there was. but many on the underside a million shias were detained and many of them were assassinated then thrown into mass graves and center i myself your servant spent twelve years in iraqi jails my family only received news of me o

>> boone is already schmoozing with 500 billers that. speaking of billionaires we've got one coming up. investor and self-made billionaire, jeff green. only here at the milken conference will they actually put in the book the market value of everybody who is here. more than $5 trillion. you can bet jeff green added to the pot on that one. what does he invest now? does he believe in the housing recovery? who is driving it? is it investors or those people with the dream of owning their first home and does it evener? we're coming back live from beverly hills at the milken institute global conference. ♪ [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. 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. it's just common sense. a brand new s

several million faithful including many from iran come every year to visit the mosques in karbala a boon for the holy city. religion is a river of gold as the saying goes. we i don't know what it's obvious that when a country's native sons defend it things go better than when they're always better than an occupier. and invader always has trouble understanding the country they occupy and as the air proverb says no one knows the roads of mecca better than its own inhabitants limit that shout i have it if i have it. this is. the main prayer takes place in the hussein most. the him i'm sermons a political resonance and a broadcast throughout iraq and the shia world and. the shias today are imposing their numbers and their power. and. the prayers always end with cries to the glory of the prophet hussein the son of ali allegedly designated by mohammed to be his only successor you never heard them . but many on under saddam a million years were detained and many of them were assassinated and thrown into mass graves and. i myself your servant spent twelve years in iraqi jails my family only rece

several million faithful including many from iran come every year to visit the mosques in karbala a boon for the holy city. religion is a river of gold as the saying goes. we don't know what it's obvious that when a country's native sons defend it things go better than when they're always better than an occupier. and invader always has trouble understanding the country they occupy and as the air proverb says no one knows the roads of mecca better than its own inhabitants a democrat shout i have it if i have it. it's this is. the main prayer takes place in the hussein most. the him i'm sermons a political resonance and a broadcast throughout iraq and the shia world and. the shias today are imposing their numbers and their power. and. the prayers always end with cries to the glory of the prophet hussein the son of ali allegedly designated by mohammed to be his only successor. never care. but many on the underside a million shias were detained and many of them were assassinated then thrown into mass graves and center i myself your servant spent twelve years in iraqi jails my family only rec

and federal investigators said aluminum dust had piled up and detonated. 33-year-old shawn boone wasnt. his sister, tammy miser, got a call with word that her brother was seriously injured. >> shawn and a couple of his coworkers were in the furnace room. and there was an explosion. and then there was a second more intense blast. >> what happened to him? >> he laid on the building floor, and the aluminum dust actually continued to burn through his flesh. >> and how severe were those burns? >> he had third- and fourth-degree burns between 92% to 100% of his body. >> the doctors said what to you? >> they told us that there wasn't any hope, that his internal organs were burned beyond repair. they wouldn't even bandage him. they just--they said that the only solution we had was to take him off of life support. >> shawn boone was 1 of 15 people killed in dust explosions that year. it was a turning point for carolyn merritt, who was then the head of the chemical safety board, the federal government's own experts who find the cause of the nation's worst industrial disasters. merritt ordered

. >> the children in the neighborhood and it will be a major boone. and we have generations, the youth generations that will be able to use this park in different places. >> the best park in san francisco right here. >> creating place where people can be active and lead, active, healthy life styles that are going to just stay with them for life. ♪call to order, board members. roll call please. >> thank you. mr. haney, miss lee, miss norton. >> thank you. please join me in the pledge . thank you. item a is approval of board minutes. there are none tonight. item b. >> thank you president norton and i'd like to say good evening to everyone. a lot of exciting news this evening and i'd like to start by talking a little bit about superintendent's great adventure over the last nine days. i was very honored last week to have the opportunity to visit china as part of an exchange program through the council of the great city schools and the foundation for cultural exchange who are exploring the partnership with our schools and chinese schools. i was one of five

. >> the children in the neighborhood and it will be a major boone. and we have generations, the youth generations that will be able to use this park in different places. >> the best park in san francisco right here. >> creating place where people can be active and lead, active, healthy life styles that are going to just stay with them for life. ♪ . >> hi, my name is sharon, i'm the graffiti project manager for the city of edmonton, canada. for some of you weren't in my presentation earlier today i'll go through what the city of edmonton is doing in terms of programming but then go through auditing and what we do. capital city clean up brings cities together to create safe, clean inviting xhueplts and neighborhoods. our motto is a clean and safe edmonton is a shared responsibility and we work on the premise that we can't do it alone, that we need to work as partners with the community to create solutions to graffiti vandalism and litter enforcement. just a technical point, if any of you want to ask questions, they are recording the session so they wou

. >> it is a boon for ski resorts, but what if the snow does not keep falling next season or even yearsrom now? in austria, that's the concern for about half of the country's ski resorts. >> one town has taken a dramatic step of getting rid of the chairlifts altogether. forcing skiers to take a two and a half hour trek to the top. even more surprising are the results. >> every now and then, he rides up to the top of the mountain summit in his village. it is a slow day. there is snow, but the slope is empty. the chairlift was put out of commission two years ago. >> our dream was to expand the ski resort beyond the simmering peak -- be on the peak. the total cost would have been 30 million euros. it could not be financed. we have to continue building without the chairlift. >> no chairlift? many in the village could not imagine this. the residents spent years discussing the project. the mayor's son was among those voting in favor of dismantling the chairlift. >> mobile warming, rising temperatures, and all the sun on the plateau -- global warming, rising temperatures, and all the sun on th

to the states. >> it is but it is also a boon to federalism.k at it that way and a big boon to the brand and mortar stores, those small stores you see in new jersey are competing against bigger stores and stores and every other state. it is a matter of playing simple fairness. tracy: there is an exception. if you make $1 million or less you are not subject to this. >> current bill defines a small business as under $1 million. senator durbin was on the senate floor while back saying that exempts 99% of people who sell on the internet. this can't be the burden that the opponents are making it out to be. the bill requires states provide for internet sellers the software, software services to do all the calculations. tracy: does this go through? >> yes. tracy: i am with you. thank you. >> i believe you. i have ten seconds. tracy: come back any time. they say a lot of people won't shop online now. if i can still purchase stuff in my fuzzy slippers i will pay the tax. ashley: you gave him ten second that he took one. netflix shares surging 23%, head

the businesses there advertising the daily boone. there was money and they paid us. >> both sport analysts argue that the money for college sports should provide athletes for financial sport. >> as long as there are people in office us and in, you know, beach houses and you know, on the ski slopes up in the cabin for the weekend on their cell phones checking their financial gain as a result of these kids playing sports. >> the average division one athlete on a full scholarship pays almost $3,000 in school related expenses each year. >> current legislation is calling for an additional $200,000 styfon, however, there has been no movement for a solution. before signing with colorado for $2 million a year, mike mcintyre was a coach for the spartans for three years. >> the cost of division has gone up, the cost of living has gone up. the cost of living factor should be brought into aspect every two or three years they should review it. you have to pay every sport. >> for a player maybe not on a scholarship, on a partial, getting paid to p

> comine g uing up we knowg is on the rebound but is a new part of the real estate market ready to boond later, top rated analyst with a very provocative note question what's the show "house of cards" really means for netfl netflix. >>> welcome back to the "halftime" show. the you feel like you missed the boat on housing, don't worry. the next guest says the momentum is just picking up. and there are lots of cheap names still to buy. joining us now is five-star fund manager with fidelity investments. tobias, welcome. >> thank you very much, scott. >> let's go right to it. what part is about to pick up and what are the winners going to be? >> yeah, i'm very excited about what we're seeing in the housing market in general. and if you think long term, housing is under a million units the end of last year. 1.5 million is normalized. one of the things i structured my fund for is to look forward. i take a multi-year horizon. one of the very exciting parts of this is nonresidential construction. nonresidential construction follows housing typically by a year. so with housing picking up last ye

. >> it is a boon for ski resorts, but what if the snow does not keep falling next season or even yearsrom now? in austria, that's the concern for about half of the country's ski resorts. >> one town has taken a dramatic step of getting rid of the chairlifts altogether. forcing skiers to take a two and a half hour trek to the top. even more surprising are the results. >> every now and then, he rides up to the top of the mountain summit in his village. it is a slow day. there is snow, but the slope is empty. the chairlift was put out of commission two years ago. >> our dream was to expand the ski resort beyond the simmering peak -- be on the peak. the total cost would have been 30 million euros. it could not be financed. we have to continue building without the chairlift. >> no chairlift? many in the village could not imagine this. the residents spent years discussing the project. the mayor's son was among those voting in favor of dismantling the chairlift. >> mobile warming, rising temperatures, and all the sun on the plateau -- global warming, rising temperatures, and all the sun on th

boon is a very special city.e i am a sap, and maybe is just because i am from there, but it is a different place. it is. >> i am in the same club. >> there was a picture none of us will forget, his legs were blown off below the knees and he was being pushed in a wheelchair. it turned out that fellow told the fbi, as he was waking up, he saw the guy with a backpack. he helped tip off the fbi t find the criminals. that hasher point is the finest hospitals in the world. it happened close to mass general. there were a lot of lives and a lot of limbs saved because it a hospital be in with devoted doctors who operate all day and all night. >> the last word. thank you. see next week.

. >> the children in the neighborhood and it will be a major boone.nd we have generations, the youth generations that will be able to use this park in different places. >> the best park in san francisco right here. >> creating place where people can be active and lead, active, healthy life styles that are going to just stay with them for life. ♪ we are celebrating the glorious grand opening of the chinese rec center. ♪ 1951, 60 years ago, our first kids began to play in the chinese wrecks center -- rec center. >> i was 10 years old at the time. i spent just about my whole life here. >> i came here to learn dancing. by we came -- >> we had a good time. made a lot of friends here. crisises part of the 2008 clean neighborhood park fund, and this is so important to our families. for many people who live in chinatown, this is their backyard. this is where many people come to congregate, and we are so happy to be able to deliver this project on time and under budget. >> a reason we all agreed to name this memorex center is because it is part of the history

working with the urban school to implement some of their same models so we really see this as a great boone for our district and also a chance to create a system more accessible to low income residents and students in the district five, so with that supervisor breed hopes for your approval of this resolution and the tax-exempt obligation ordinance of 6.5 million dollars. >> thank you very much. any questions? >> we have anthony from the department of public finance. >> good morning members of the committee. i the item before you for the tax code of the tax financing obligations for the school as supervisor breed's representative has described. our office held duly noticed hearing to receive public comment and none was received, and there is no fiscal impact to the city and the city is not a party to the transaction, so the item -- the resolution approves for purpose of the tax code the public hearing and the facilitation of the finances on that basis. >> okay. perfect. any other questions? i know that we have some people i believe from the french american school here. you're welcome to spea

. >>> you want to finish first and this one guy lucky to get out alive in the boone speedway in iowa, hobby stock car racing night on a dirt track and pretty ugly pretty quick. keep your eye on the car of danny watson coming around and connected with another car in the pack and rolls. not so bad until the car erupts in flames. danny is knocked unconscious. richard is a competitor. see him jumping out of his car there dressed in black? he disappears behind the smoke and is able to pull danny out of his car. kcci talked to watson. >> my car was on fire. i was on fire. four or five seconds more and i would have burned up and died. >> the guy that comes to his rescue. >> as quick as i could jumped in the car and tried to get him out as fast as i could. >> quick thinking on his part. he had to get out of his harnesses, get out of the car and does it in a matter of seconds. >> he dove right in and didn't think about it. >> they don't look like they have been in a big car accident like that. >> looks like they got out fine. they're friends and danny says he will continue racing. >> saved my

and media outlet, did a seven part series on terry mccauliffe and green jobs, and solyndra, a 123, boonein virginia and mississippi. and mccall is suing. and the piece is not defamatory, it says they wanted-- >> it's journalism. >> last word on this for now, the fact that the judge has delayed his decision, do you think in the end he'll do the right thing? >> i'm certainly hoping so and the amount of media attention also has to affect that division. all i can say, i would have gone to jail to protect you anytime. >> thank you. (laughter) >> maybe you did. >> all right. fox news watch straight ahead. a superstar couple goes on vacation in cuba. >> american hip-hop power couples jay-z and beyonce taking a controversial trip to cuba, raising eyebrows from humans. we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back, offering exclusive products like optional better car replacement, where if your car is totaled, we give you the money to buy one a model year newer. call... and ask an insurance expert about all our benefits today

you're going to see the cloud storage companies that you guys talked about boon because of big data. there is so much that's going to impact on the revolutionary way -- i saw a headline this morning that said, the media knows more than you know about yourself. and that's because of big data. everybody is contributing to this huge, huge cache of data and it's starting to be analyzed and artificial intelligence companies are going to boon. >> you're a believer in the apple story. >> absolutely. >> you say there's going to be a red bound. why? >> apple is going to come out with a new apple mini ipad. they're going to come out with a low-cost next version phone for developing markets. they will get over their t. hurdle in china. they got their knuckles wrapped last week because of the warranty versus the state-controlled two-year warranty. they exceeded, tim cook made a very unusual apology to the government. >> what about margins from these products that you're talking about? those are going to actually drag down margins and how does the stock react? >> margins will be hurt. and they're

it happened at the speedway in boone, iowa.nkfully the driver survived the crash after another driver helped pull the victim out. it's all happened behind the white smoke you see starting to pour out of the car on your screen. neither the rescuer or the victim suffered any major injuries. much more ahead. all new information out about the boston terror suspects and some of the events that led up the bombings. also san francisco mayor ed lee was in washington tonight attending a special presidential dinner with hundreds of celebrities and journalists. what the president had to say about new plans is coming up after the break. we're now 22 days away from this year's bay to breakers. kron 4 will bring you the race from start to finish. bay to breakers -- happening -- sunday, may 19th. federal authorities have announced plans to take disciplinary action against a hospital in nevada. for alleged "patient dumping" in california. the psychiatric hospital reportedly improperly discharged patients and then bused them out of state withou