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it. i do have one question. is this an example of, you can buy a dell computer at best buy so it has a physical presence here. but you can also buy it directly from dell. does that mean that all the things they ship into the city would be taxable? thank you. >> i should preface all of my comments by saying that ultimately, the treasurer's office is going after rule on these things. my understanding is it hinges on whether or not they have a physical nexus in the city. if they do, then they owe a business tax. they calculate it the same way any other business would chocolate tangible property. what is their share of sales and said francisco? you have that to factor against their total gross receipts. the answer is, if they were simply shipping boxes to best buy and to consumers without a nexus, they would not be responsible for paying a tax. if they had a sales force that was drumming up business, then they would. president adams: any other public comment? >> micro business, i am in favor of what commissioner dooley said about the impact of raising the minimum fee. $25 to $150. i heard that would be bad for bus

buy it. if no one buys it, the interest rates are going to go up. >> romney or obama, who has -- you have to e brief, the best solution, if it's those two to the economic woes america is facing? >> i have problems with both. of the two, i would take obama at this point. the key weakness obama has, he's not talking about the revenue. 40% of people who use social, you get a pension. or use medicare to pay for the welfare costs. those are not just the quintessential government programs, you have to explain to people why the government provides these services. these are very important. elderly americans would not survive well. you see a lot more poverty. you have to have the tax revenue to put thoses ises on a sustainable basis. >> i think there's a weird sort of thing that you cannot raise any taxes ever again in this country. the fascinating white house burning on national debt, why it matters to you coming up. matters to you coming up. >>> masters winner bubba watson. went down in that fiery bus crash. sisterhleee lost a beautiful n that day but we gained the knowledge that priceline has thous

economy and if it doesn't have the purchasing power how is it going to buy imports and if it can't buy imports how will it buy them from germany which has been supplying most of them so it's as if the german bankers and bankers throughout europe are following this kind of automatic clank clank clank thinking in the head budget deficits are bad without thinking wait a minute without purchasing power how are our industrialists going to sell you certainly don't want west germany to have a. much unemployment as east germany or else other going to be in as much trouble as everybody else michael hudson certainly the e.c.b. which is really a holdover from the blunder spank and it's run out of germany they are now being very commentating are they they're expanding their balance sheet they're doing what we saw in the united states when under the tarp program they got the l d r o program but this is very much against the d.n.a. actually well of germany isn't it well it's also against what most people think of as running a budget deficit if you're in america or england or most countries you think of a government running a budget deficit of hiring

. >> >>justine: following a $1.7 billion loss best buy has announced it is closing 50 stores and two of them are here in the bay area. dozens of jobs will be lost. da lin spoke with customers and employees and tells us where everything will go on sales at those stores. >>da: employees at this pulp the best i've learned of the closure on saturday. customer after customer was turned away at this call to best buy. >> i love walking through the store, that is my thing. >> disappointed but many are not surprised. >> this call to a store will reopen tomorrow. every item inside will go on sale. they want to clear all the items by may 12th. >>erica: we do have warm conditions as we head into thursday, friday, saturday as well. we are seeing all low clouds the for the most part the winds have died down and temperatures are running on the mild side. as we take a look at what is on tap for today mild-warm conditions the warming trend continues into thursday and friday. warm conditions around the entire bay area. concord and antioch could get up to 72 later this accident. 70 for those of you in

royal mail says it can meet the demand, but that it has more than adequate stock, but it has kept supplies to retailers. they cannot buy more than 20% of their annual publication. royal mail says it does not want retailers profiteering, but buying and selling more later. they also want to protect our revenues. >> royal mail is losing money, the volume is declining rapidly as we switched to email and text messaging, and consequently something has to be done to retain the service we all cherish. >> some consumers are not trying to beat the price rises. at this small, they have been busier than christmas. >> it is amazing. people are buy hundreds at a time. we have very few stamps. we are ordering more monday, but we do not know if it will last. >> the country has plenty of stamps, but the stockpiling shows how keen people are to save every penny they can. >>> an international team of scientists has been using a high-resolution satellite images from space to count penguins. they have found there are twice as many occur penguins and and are to cut than previously thought, the first time an entire species has been trucked f

>> when it buys a trillion dollars worth of mortgages, it's doing the government's business. it has no business buying long-term assets. central banks, well run central banks never do that, and the fed in its history, it's 100-year history only did it during wartime. now, it's doing it fairly well. that's government policy. why? well, the treasury, the administration can't go to congress and say we want to spend more. so, the fed is doing their work for them. it's also doing the work of, which i much deplore of recapitalizing the banking system by keeping interest rates low, letting the banks borrow at very low interest rates and lend at somewhat higher rates and now, heaven forbid, they're saying to them, well, you know, now you have all this capital you can pay dividends. you can buy back shares. you know, this is our taxpayer money that we're going to pay for in inflation. i mean, it's a ridiculous policy. >> let me push back a little bit. put myself in the position of a, you know, of a fed official. i'm sure that listening to you, they'd think, well, you know, we were forced to

it is beginning to be very tightly regulated. tell us, when people come in to buy, what is it that they like? what are they actually buying? >> a lot of it has to do with style. first is for the lab faucet's. you have the widespread, the two handles, hot and cold. very modern design. >> people like modern. >> people like modern, but we are in san francisco, so we get a wide range. then the one hand, very popular, ada-approved. saves water. very easy to use >> > one of the standards for commercial, not residential, is that you have to be able to operate equipment with a single operation without tight grasping or pinching. so this actually allows that to happen. you can operate without having to grab and pitch and twist something. this is very user-friendly. it is also reduced flow, and you do not have to have two faucet's running. >> only have to cut one hole in your credit. . granite. this is really traditional, very popular fish. >> nice. and this is, -- chrome, and brushed nicke. >> as far south as there, and showers are popular right now. rain heads are popular, but you want something that is functional for what you use, so hand showers a

allergan has told you more about the future on its call than just about any other. and it has been a terrific buyy time it sells off after earnings because of this upcoming catalyst, it is constantly doing that. by the way, celgene same thing. they give you a call telling what is coming up. product cycles, product initiations that could make a huge difference in future engines. pipeline companies, key creators of dividend wealth that we talk about all the time, they tell you about upcoming expansions that could be added to earnings. the exploration production companies almost always tell you what prospects they're looking for. and when you might hear some really good news on the calls, i always file the comments away and wait for the oil futures to go down and then i start buying the resources that's what happened last year with continental resource. we had gone out to the bakken, they were talking about how the storms had kept their drilling down, that the storms ends, nobody cared. and then the stock took off when they told you that business is big and booming. the bottom line, we look for sign

mcdonald's praised for their margin improvement, it has good leases and leverage for buying food, and it's a innovator. they got huge leverage per hour. gross margin comes into play in different ways. often it has less to do with the cost structure of the country and more to the industry or a given company. now we are talking tech, semiconductor companies often produce flat out, make as many chips as they can 24/7 but sometimes the supply chain gets overwhelmed, to move more inventory they have to cut price and that lowers their gross margins and makes their earnings too tough to predict and that gives them a high priced earnings multiple. we like companies with consistent growth, and we pay a higher multiple for them, and we do not like the inconsistent growth for the teches. nobody can handle the inventory glut that the happening with them one or two times a year. at times the product from other items from other countries, caused glut, i listen closely to commodity calls because if there's glut in the system, that means that i have to get you out of the stocks quicker than i do. i h

it? >> for people with a buy on the stock, yes, it is. the key issue haso do with the domestic streaming subs. two quarters in a row they come in at the high end of the guidance, but it's below where the street is. for the full year it's above. you you back end loaded the year and that skepticism in the near term will be a lot of pressure on the number. they can deliver, but the market has the upper hand right now. >> what are about the slowing subscriber growth? >> we are not seeing that. if you look at the numbers for the quarter, the most important is not the dvd number or the international subnumber, but the domestic streaming number. that came in at the high end of the company's guidance in line with the street numbers. >> forgive me if i am wrong, but isn't that the issue? >> absolutely they have before, but the key issue is the net add goal for the year. this is buried in their shareholder letter. they are calling for 7 million net streeping ads in 2012. the same number they had in 2010. the management mistakes in the back half of last year. they co

buy another company for it. >> would you buy that here? >> no. i never buy anything that has moved up at this rate. >> some analysts say it could go up to $1,000 now. >> it will without me. it could go there. >> you know what i think is pretty interesting is the bid that we're getting in retail. i don't know if it's based on economic fundamentals, if it's based on what our guests in the last segment said, people just want to spend money now because they haven't been shopping recently. is this real? does it have legs? >> it is but i think you're going to see the retail one by one move over. it doesn't mean that it's dead. americans are going into their savings in order to spend. as long as the work week continues to expand, we know there's a direct correlation, a positive correlation with retail and also they are being taken over. private equity is coming in and taking a lot of them out by the way, this is for you. apple's 200 billion increase is greater than the individual market capitalization of 98% of the s&p 500. >> if the market sells off, just like you go and have profi

>> yes, and i think there's a lot of buying left. it has an enterprise ratio of 11. 's a modest price. >> where did the price close? in trading? >> i don't remember, but i know it was about 9 -- >> we'll get that on the screen. >> i think apple tomorrow could go up another 2 to 3%. >> what does this do to the rest of the market? >> apple has been carrying the market for a long time. the first quarter earnings, it was up 4.8%. without apple the sector was down. apple has been carrying the sector and i expect them to do that tomorrow. >> can they carry the sector and the market? >> i think it's apples and oranges, apple's earnings have -- >> i didn't see that in your notes. >> that's mine. apple's earnings are up 100% year over year. the s&ps earnings are only up 60%. corporate america is not enjoying the fruits that apple is right now. there's a lot of challenges out there. >> will the market continue to -- is the spring stall in the economy and jobs going to be reflected in a continuing spring stall in stocks? >> i think at the very least we're range bound as opposed

it's down about 20% and it could be a good buy. it has a 3.3% dividend. some money in motion now and bring in our guest. mcneal murray, bring us your thoughts on what the fed minutes could say. >> i think if you see re newed concerns for qe, probably the margin will be a bid to dollar positive asterisk and commodity-type currencies catch a bit of a bid on the back of that. in general, maybe the potential for a dollar negativity. but there's a lot going on with respect to currency markets right now. in general, the continued appetite for risk happens, especially if a lot of commodity markets like you just said with copper breaking out to the top side and energy or equity markets in general holding a bit of a bid. you should see a lot of em and commodity tooit names start to outperform against the dollar. >> that plays into your trade today, doesn't it? a commodity name like the aussie dollar, which has been much talked about over the last couple of weeks because of china. >> yeah, sure. there's two parts to my trade. the first is, you highlighted the fact t

tour of a place in gilbert, arizona, has a good credit rating and a 20% down payment, but still it's been difficult to find a home. >> it is very frustrating to buy a home because when i look at the house i want, i put in an offer, it has a multiple offers. i go way above the listing price and it goes for more than what i put the offer in. >> i am seeing the market tightening up. there are less homes for buyers, which is causing a buying frenzy on properties. >> reporter: that frenzy is being fed by a shrinking housing inventory in the phoenix area. it has fallen from a high of 58,000 homes in 2008, which would be a 19-month supply at average sales rates. however, up to 8,000 homes are being sold monthly now, and the nearly 16,000 homes on the market that are not under contract represents just a two- month supply. although the shrinking housing supply signals a housing recovery, the health of the market also depends on the willingness of banks to loan money. mike thorell is president of pinnacle bank in scottsdale, a community bank with one branch. half of its lending is to small businesses. the other half to home buyers. >> i would harken back t

its user base. the company has announced it will buy instagram, a possible mobile photo sharing service for $1 billion. facebook made the announcement on monday. the deal is the company's largest ever acquisition. ceo mark zuckerberg said it's an important milestone because it's the first time facebook has acquired a company with so many users. san francisco-based instagram was founded in 2010. it has 30 million users who share photographs using smartphones and other mobile devices. instagram also offers editing features, including filters that can make images look like vintage photos. >>> and another billion-dollar deal is in the works. aol says it will sell over 800 of its patents to microsoft. the internet firm made the announcement on monday. it will also grant microsoft the right to use over 300 other patents. the deal covers patents on technologies for online advertisement displays as well as other know-how such as laying text data on top of a map image. aol became independent from media giant time warner in 2009. but has been struggling financially due to a drop in users and advertising income.

its user base. the company has announced it will buy instagram, a popular mobile photo showing service for $1 billionfacebook made the announcement on monday. the deal is the company's largest ever acquisition. ceo mark zuckerberg said it is an important milestone because it's first time facebook has acquired a company with so many users. the san francisco-based instagram was founded in 2010. it has 30 million users who share photographs using smartphones and other mobile devices. instagram offers editing features including filters that can make images look like vintage photos. >>> here are the latest market figures. >>> china's animation industry is growing at break neck speed. until now, foreign anime from japan, the u.s. and else where has dominated china but chinese anime creators have now entered the competition and foreign companies are taking notice. nhk world's bhuta okatani reports from shanghai. >> reporter: the anime opened nationwide in january as one of the new year holiday movies. the production first appeared in 2005 as a television series. four years later, the first movie version was

it is constant news flow. ohio has come out before in terms of hmo statements, in terms how much they are going to pay. i would use it as a buyingpportunity right now. when the supreme court decision comes out i believe it will be favorable for the hmos and the tide is turned already. i'm not saying ignore it. i'm saying buy these very cheap stocks. >> copper falling more than 2% touching its lowest point since mid january. there is the chart. >> and the last couple of times copper has come down to these levels it has held and bounced. i expect the same to happen here. i would rather play it through. i think fcx has come down. sticking with the global expansion theory. i think copper's pullback gives you an opportunity to buy down low and i expect the stocks to trade quite a bit higher. >> peabody energy slumping to a 52-week low. down 2% or so. >> last thursday night john maloy rolled out this tout feature. here is what we tell you. regulation. part of the coal space natural gas way too low. i bring out the tout because if i played out tout i wouldn't have bought tech resources before last tuesday. >> our next trade with share

has that story. >> reporter: they traveled from the eastern shore for a taste of o'strawsky's, a tradition to buy it on friday ready to eat on sunday. everyone has a story to tell. >> sunday is easter. it's a tradition that we come to o'strawskys to get the kielbasa. that's been a tradition. my grandmom's polish. my mom's polish, and i'm half polish. >> there's in place like it and all of my family, going all the way back, we always came to o'strawskys to get the polish sausage. >> reporter: inside, it was standing room only. they said their easter people wouldn't be the same without it. >> the family had always gotten their sausage from here. usually someone would pick it up and her parents would bring it to the house on the shore. due to age, we have to get it ourselves. >> reporter: the sausage is part of the easter breakfast. it breaks the lenten fast. johnny o is known has the kielbasa king. they have been open since 1919. >> it's the keel bass sa. they can't get it anyplace else. >> reporter: and loyal customers keep coming back year after year. sherrie johnson. >> you can't find it anywhere e

has a soaring car rear and she says it's changing the way boomers see themselves. >> we're not sitting in sitting on the porch rocking ourselves away. >> reporter: big business has taken note. it's about buyingomer women spend $47 billion a year on fashion. the wila mena agency alone quadrupled it's number of older models over the past two decades. even oprah is in on in with a search for models over 30 for her magazine. >> this market is not hiding, if anything, it's going to increase. >> reporter: now at 54, she drives a fork-lift at lowe's by day. but the side jobs keep coming. >> i'm an older person, not the same young body that i had, and they want me now. >> reporter: cindy johnson calls it a revolution. >> it's a matter of realizing that we will be valued for something other than looking like we're 25 years old. >> reporter: a revolution not just for her career, but for women everywhere. >> we thank you for watching. we're always here at abc news.com and hope to see you again back here tomorrow night. captioned by closed captioning services, inc.

it. >> everybody has to buy food. therefore everybody's in the market. therefore you can make people buy broccoli. chris: but the guy who gave broccoli its cauley flower ear was george w.h. bush. >> now, look, this is the last statement i'm going to have on broccoli. there are truckloads of broccoli at this very minute descending on washington. my family is divided. i do not like broccoli. and i haven't liked it since i was a little kid and my mother made me eat it. and i'm president of the united states and i'm not going to eat anymore broccoli. chris: well, after that, broccoli kept rearing its ugly head if you will on the tonight show like the day bush nominated suitor. >> he met with sudor and that's when bush asked him the big important question. how do you feel about broccoli? chris: the bush family thing about brockly, w. stopped in portland. >> it was back to the airport for the presidential hopeful. more than 100 supporters came out early. but does george bush jr. like broccoli? >> but the secret service confiscated broccoli man's head but they l

it dropped and went to just don't sue us. are we looking at jdsu 2. best buy today hasounced the resignation of chief executive officer and director brian dunn. there were no disagreements between mr. dunn and the company on any matter relating to operations, financial policies or procedures, a mutual agreement it was time for new leadership. >> it's not in the fall of him, it's in the fall of the stars. >> ceo will lead the company while a search is still under way. richard schultz will continue to be chairman, and dunn says i have enjoyed every year at the company. >> dunn is a really nice man. you know too. he is a gent. he talked about alcoa being a bad industry. >> all due respect to him, this is part of the reason this is a bad industry and this particular company has not been doing well. it has failed to do the right things to prevent from being obsolete at this point. some people will say he should have downsized their foot spring long ago. they should have recognized a shift to mobile devices years ago. now they're playing catch up. >> but radio shack moved ver

buy for some time. the company has always had a growth-oriented c.e.o. in that role. best buy has hit that point in its life cycle where it needs a strong operating c.e.o. >> susie: best buy board member mike mikan will serve as interim c.e.o. shares fell sharply in today's session. the stock dropped $1.33, or almost 6%, to close at $21.32 a share. there's a technical analysis of best buy shares on our web site. just go to nbr.com. you'll find it under the "blogs" tab. >> we have been talking a lot about the rough day in the markets, and you know, one way that you can always tell, i always check, how did the dow components do and 29 of the 30 were in the red. the only one in the green was hewlett-packard and it was up by only 13 cents. it was a rough day today. >> it was a rough day. hpq was the worst dow stock last year and perhaps value buyers moving into the market and lots of profit-taking going on in the broad market in the market focus. the major indices suffered their worst single day of the year, extending the slide over the past week. early on today, it looked like we may see stocks stabilize,

it has offered to buy 6,800 homes. residents in the hardest-hit areas have been asked to move out. holmes has decided to take the offer and leave her home for good. >> it's changed landscape and it's changed lives. and broken our hearts. when is it going to end? when is life going to start? i feel like it is a nightmare and i'd like to wake up. >> reporter: officials are working on plans to reinforce the affected land, but relentless aftershocks keep adding to the problem. >> the challenge first off is to understand, what are the issues? why has this land really been socked? that was the initial challenge and that's still an ongoing challenge. >> reporter: authorities are struggling to find an answer. for now, people like sue holmes have no choice but to restart their lives on firmer ground. hiromi kurosake, reporting from christchurch. >>> japan is also struggling to deal with liquefaction from last year's disaster as well. they sent experts there for joint research. >>> it's been wet for the last two days in tokyo. robert speta is here to tell us what to expect going forward from

buy stuff they don't want. if you take it as a corp. hearsive thing. sure, maybe it can stop freedom doing things. if you want to make money your approach has to be different. you want to make them do things and buy stuff. copyright can't do that. whatever else it can do i'm 100% convinced it cannot people make things buy things they don't want to buy. that should be the focus. it's the goal to go back to the coach thing. it's the goal to get people paid. in the past having an analog world and having copyrights get get you a lot of that. it's not true anymore. you know it's not true. you have the digital environment. you have digital abundance. you can't control it. the idea that you're going grasp some 18th/17th century form of control into a system that you don't have control, just doesn't make sense to me. what you need to do is figure out a way for people to get paid. that's the ojt. and it's good. it's proper that people should be paid for things they create. the goal we share. the question is how you do it. i think what you have to do give up the idea that the copyright is control. because it's not there. i mean, why invest that many

we're buying because it has 25% plus growth as below a 12 p/e. >> do you still like emerging markets?ich ones. that bodes well for asian economies. >> we're equal weight for emerging markets. i think the idea china will go from 8, 8.5, 7, 7.5 doesn't scare us that much. china's effort to get away from being export driven and to a more consumer oriented economy is going to be very, very helpful. there will be hiccups, but we definitely like growth and emerging markets. >> thanks, gentleman. >> thank you. >> thank you. >> we're going to take a quick break. straight up a shakeup at yahoo!. that company is laying off 2,000 people. trying to become smaller and a more profitable company. can they really cut their weight to that kind of growth? ideas how to fix yahoo! >>> and larry paige took over as ceo of google one year ago today. how's he doing? report card on the other side of this break. in america, we believe in a future that is better than today. since 1894, ameriprise financial has been working hard for their clients' futures. never taking a bailout. helping generations achieve drea

you don't want to short it and buy it, but it keeps going up. >> jcpenney has an interesting one in the the stock has done. there is more and more and maybe it's not enough. >> talking the other day about that the other day. the thing that's interesting is it turns into a colossal battle of the shorts and spiked up tremendously versus vor nadeau and encouraging and together own about 29% of the company. a lot of skepticism and one interesting thing, my analyst went there and everyone under 30 believes in the turn around and those over 30 were far more skeptical and after having seen them play out, they did substantially and even though they were up in the last year, i am skeptical of jcpenney. >> time now for money in motion. and a strengthening canadian dollar makes canada a country without a jobs problem. how should you trade this? live in new york to break it down, the tricky thing is that they track u.s. so closely and we have seen the reakness. >> the bank of canada is not quite ready because they need to see them going forward. the canadian economy if it rises more solidly. the ba

on something that already has wide international consensus because that's the basis of the success of the b.d.s. movement the only way it can succeed is that it has enormous buy in from the entire world and israel actually feels that pressure and that to me is the important distinction. and in north carolina. it is very it is very crucial i think all know what you said now because if you really want to talk about a vast movement we have to remember that in the parliament be i and me eighty percent eighty percent of the tory members are friends of sci fi conservative friends of israel in america we have enough and evidence to suggest you know and that we live in africa. that actually it is a park that control dominates american foreign policy so it is much wider if you really want to have a transformation in the region it is much wider than that what is happening with israel or whether we stop of the card or all or any israeli academics we have to start to focus to deal with the israeli power and the jewish power in western politics and this is exactly did the issues that b.d.s. try try to avoid and this is my problem with b.d.s. this is why some elements of j