consistent that we cannot live with those caps and we do not support living with those caps come in the budget profiles has been consistent, probably as consistent as any administration has been looking at our 2015 budget, 2016 budget, 2017 budget. where we need to go over the next five years has been remarkably -- we are talking .bout one billion difference opposition has been consistent. then you get the short term budget deal and you get less money. it will get much of what you want but not all of it. how do you react to that, how do you make reduction? compensation is not a good short-term -- you wouldn't give people a pay cut. vago: well, in fact, you guys have a pay increase in it. >> yeah, we have a pay raise. that lever is not available reduce compensation. size of the force is the biggest lever there is. if you have a smaller force you need less facilities, you have less people to pay, you need less rifles and ammunition and aircraft. when you have a short-term signal that the budget is going to be adjusted, say, 3% down, as it was in this deal, with no information about where

to large cap.most 25% divide. -pointomething like a 5 differential. our focus on high-quality companies, looking at their balance sheets and business models is what will do well. is the view among the small-cap managers that we are in for more turmoil and that's why they are looking for more steadiness as opposed to growth? janushink the approach takes to the small-cap space has been consistent. the idea is that we know these market conditions like we are in now will come along. about can be thoughtful selecting and identifying companies that are well-positioned to whether those times, over the long-term, you will have better risk-adjusted returns so this is not a reaction to the current market conditions. we like that we are launching these when prices are lower and is a good entry point for investors but this is a long-term process that has been in place for our 45 year history. what is the fee structure like on these etf? >> this is what matters to clients. there are feed pressures and we believ

in the second, caps back at the one goal. the great agt.t special milestone gets his 40th of the season. third period, all season. with the game-winning move, caps bo >> i try to find a way. >> wizards, 76ers, the spirit of a head coach facing the worst team in the east. that's the best of his hometown team. that's no bueno. scores two of his team-high 21. 76ers up by 6. closing seconds of the first half. john wahl doing john wahl things. beat the buzzer with the left hand. john wahl picks up the score. just four in the first half. scores wizards win 103-94. >> four out of our last six, we've held under a hundred and won all four. the 109 teams, we don't win those games. >> five losses have come outside of college park. this weekend, maryland had a chance they can win on the road. but, more importantly, continue their quest for big ten regular season title. two of maryland's final games will come with a top opponent. >> we can control our own destiny. so we don't have to have anybody beat indiana for us to win the league. so we have to do i

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it's one of the most prestigious cooking schools in the world. >> and both say c-cap played a big part in their success. >> i didn't really know how to go about entering the field then c cap kind of helped open that door for me. >> stay tuned! >> more of visions 2016 coming up! >> welcome back to visions 2016, owning your own business is dream of many. >> and a challenging yet exciting reality for many others! >> here's a preview of a few traditionally successful as well as some emerging african-american entrepreneurs that are making strides in the philadelphia business world. >> ofo ezeugwu was a temple student when he co-created the dot com whose your landlord. >> we were hearing from students the issues they were having with landlords and property managers. we thought what if we could create a platform where they can go and get reviews before signing a lease. >> a rating system is posted by renters for other renters to view before signing on the dotted line putting a sense 'ownership' back in the occupants hands. >> popular restauranteurs the bynum brothers harken back to their root

base budget that counts towards those budget caps, but the war funding is not capped.t doesn't count towards your budget cap. in there ou put doesn't count toward your budget cap. that's the way that the department can exceed the budget triggering a sequester. that's important because it's recent years. the war funding account has been used for things that are not war related. congress and the administration have put more and more funding to be in the used base budget. basically in order to get around they could aps so increase defense spending ithout increasing the budget caps. the distinction between what budget and he base the war budget has been blurred so much if you look at the you can tell re the difference. there's so many things in the ar budget now that used to be in the base budget that as an analyst i consider them together at this point. any limit to how high the war budget can go? only limit is what congress is willing to appropriate. limit. no statutory like with the base budget there is a statutory limit. that's the limit this year. that's all they can

the caps with the historic w tonight against the coyotes.'re the first team in league history with 44 wins in 58 games. nothing elevates the mood of a community like a jaw-dropping, history-making championship run. check on the jaw-dropping and the history-making tonight. wtbd on that championship run. looking good. get your popcorn ready. even the littlest fans know the caps like to put on a show. second period against the coyotes tonight. caps down 1-0 on the power play. yevgeny. he sees the lane and takes it himself and scores. the puck truckles through. his 18th of the season. ties it at one. third period, still tied. puck out cannot give all day. six from ove. caps up 2-1. and just election later, tom wilson's blast. stopped. louie doesn't cover completely. he scores. coyotes not happy. reps never blew a whistle. wilson knocked it a little loose and a little scuffle after the play. the caps get the w, 3-2 the final. >>> bryce harper last year, where is my ring. this year he is saying the mets are the team to beat. a lengthy media sessio

, dark shoes, white male, not sure of the age range, he's about six feet tall and light gray skull cap with sunglasses. if you have any information, call police as soon as you can. >> be sure to stay with local 12 news and local12.com for the >> a white water township woman will spend the next few years in prison. 42-year-old grandmother cathy huff went before a judge agreed to plead guilty to charges of manslaughter. police say they found her in unconscious in a bath tub overdosed on heroin, her

the drivers for cap star are i do everything on the internet. but, it's kind of slow. my friends say i should get fios because it's the fastest. i just downloaded 600 photos in 60 seconds. that's seriously better. (husband) we're out of 2%! i wonder what else could be better around here? (husband) i heard that. only fios has the fastest internet available, with uploads up to 5x faster than cable. get 100 meg upload and download speeds. plus tv and phone for just $69.99 a month online with no annual contract. switch to better. switch to fios. in new york state, we believe tomorrow starts today. all across the state the economy is growing, with creative new business incentives, the lowest taxes in decades, and university partnerships, attracting the talent and companies of tomorrow. like in utica, where a new kind of workforce is being trained. and in albany, the nanotechnology capital of the world. let us help grow your company's tomorrow, today >>> all new at 5:00 o'clock, a restaurant in lower manhattan is open again, the carnegie deli reopened. it's been closed since

josh and i were talking some small cap down over 70%, some large cap down 40%. i mean, it is crazy.mx got crushed with data. >> we think in an inverse kind of relationship you've seen these shares sold down so much through the fear of investors that the risk inherent in the paper is much less than a year ago. names i'm starting to do -- looking at adding to would be those biotech names we discussed, such as alexeon, vertex, valuations are attractive, innovation is very promising for these companies and they have protected -- >> let me give you the contrarian take. the ibb which is obviously largely driven by the biotech large caps, but it is fairly broad, is at $75 in 2011 before the onset of the qe programs. it goes to 400 within three years, which is utterly unheard of outside of the dotcom bubble 15 years ago. and now that risk appetites are being curbed, the fed ended its qe program in october of 2014. now you're seeing some of that excess from an extraordinary run come out of these valuations and with the exception of the top ten big names, none of the rest of them are really a

but seems to me like the biotech story moved from small caps to large caps. i talk about truth in generals all the time. small caps a long time ago. now the generals are starting to break. we're seeing the bigger cap biotechs, big tops there. we're seeing some of the semiconductor names. you look at semiconductors, stock index, it could be a head and shoulders top, so that's a problem. software services. it's stretched. i've still got to stay somewhat positive on there. a lot of -- not a lot of names there, reported numbers, couldn't hold the gains. that's like climactic. >> nasdaq is in trouble going lower, where do you see it bottoming out? >> near term targets, 3400. if this filters in and the generals truly fall over, it could exceed that level. the s&p looks like it's forming a big top also. so it looks risky. >> a lot of questions of the investors right now is can you have outperformance, can you have a stock of strength outperform in the market overall? i saw this outlined, and i know you can't talk about facebook, but facebook was be iing defend today

have a cap. none of this works if we don't have a secure border. that is why a part of our five-point agenda is national security, building our military, and securing the border, but also don't forget we've to get in this country from welfare to regulatory reform, what do those things do? they decide whether we have economic growth or not, they decide whether people are getting a raise, whether people can save for their. kids' colleges. we're going to offer a bold growth agenda, to get people to work and make sure we have a secure country. that's why we're not going to be talking about visa caps in our agenda and promising what we do if we have a rep. , we'll be talking about growing this economy. >>> more of my conversation with speaker ryan coming up. i'm going to tackle the economy and trade next with the speaker as we look ahead on "sunday morning futures." back in a moment. >>> so how worried are you about the growth story of today? you're talking about a economy growing barely 2%, the worst

the local utility, southern california gas company, announced on thursday that the leak was capped for now. but there are questions about the health and environmental effects, and the impact on property values downwind from the leak. kelly mcevers, one of the hosts of npr's "all things considered," has been covering the story, and she joins me now from los angeles. so, kelly, socaldeira gas says they have temporarily stopped the leak. what's the state of the fix and what happens next with it? >> well, the company that operates this gas storage facility says that the leak has been temporarily capped. what has to happen now is that state regulators have to go inspect that and make sure that it is a solid cap, and the leak will be sealed permanently. >> thompson: so how hesitant or concern read families about moving back in? >> right, so more than 5,000 families left this area near where this gas storage facility is. we talked to many of them. some people are fine with going back. some people are ready to go back. they're tired of living in hotels at the expense of the gas company, of cou

all three supported cap and trade. and i was the speaker of the house and i said there is a chance that the federal government will pass cap and trade. i'm not in favor of it. but if they do, we have to be prepared to comply with that requirement even if we don't like it. and i don't want it to cost the state of florida money to have to comply. everyone knew it. the democrats knew that position. when charily christ proposed cap and trade, i was the first person to speak out of it in a full op-ed in the miami herald. right after that there's even more. >> this gets at what sort of i think is the challenge for all of the candidates on both sides is you're basically saying, govern with what you have, not with what you want. >> right. >> but the voters they want more than that. the voters seem angry. they're not satisfied with this idea that, you know, you're doing the you got to work with what you have in washington, not with what you want. >> you know, i don't think that's true. i think voters understand to solve problem

caps fall. deficit 4-2. return bass from gal yet. he threw the five hole, 13 of year for him now 4-3. final second, caps have n extra man an up the middle and shot nrovz with two seconds to show. caps 4-3 fifth regulation home loss of the season. >> wizards in kick chick facing bulls with four starters. the bulls that is. wiz arizona trailing by 15 and rallying behind allen anderson after ankle surgery. he gets this three that cuts him a chest bump there you go earned with with john wall and bulls were able to cover come depleted lineup. todd gibson to mcdermott. boom, one handed jam. bulls withp players and double figures wizard lose 109-104 three games out of final playoff spot in the east. >> college hoops. make and gm looking to avenge a loss to richmond. let's go to seconds half. mild, 45, shot clock winding down. paul for the wing. swosh, three pointer gives them the lead for good. gw up by 6 and get the ball to her and he drives across the lane. lanes for two. gw wins 73-61. so does bcu in front of sol sold-out smith club satu

the small caps are down 25% compared to the s&p. so you see a huge markdown. small caps, we used to favor large over small. i was a long-term strategy. now we are neutral. theaid we have deflated small caps, they will probably mark time with the s&p. remember, we peaked nine months ago. we could be three quarters of the way through this, or more. i don't know. typically when the big s&p 500 stocks, that are economically defensive, finally join the market in that official bear territory, the worst of the bear market is over and that is why it is so deceiving in the broader market. betty: let's say once those defensive fold and the markets go down another 10% or even more, according to what i hear from you, that could actually tip us into a recession, right? it could tip us into further malaise. it could be self reinforcing. 2008.it certainly was in i don't think it is a great roadmap going forward for what to expect. have not officially called for a recession. we are in sync with the idea the deeper stocks fall, they're more -- more there is this negative wealt

. >>> all right, caps on that roll. what are we? four? five in a row? >> here's the thing. when they get healthy, this team is going to be really scary to watch. capitals third line center missed the last four games. tonight, joe johanson was back. a beautifulsighted to see for cap's fans. we'll pick this one up in the first period, the caps are up a goal. second period, another turnover by nashville. tom wilson with a one-timer. the predators are down 3-1. turned away, but johanson was here for the rebound. over to the hardwood, john wall and the wizards at the mecca. wizards up eight. fourth quarter, knicks coming back, a nice spin move and the bucket puts the wizards back on top. he had 28 points and 17 assists. the knicks didn't go away. that three ball is off the mark. college basketball, maryland hosting. this game is in control pretty much the entire day. terps up by 18 at halftime. more from sulima. gets the steal here. he had a game-high 15 points. maryland may win this game, 93-62. down to virginia hosting vir

i think it's just the caps. the caps are the ones everyone is scared of. the caps are in action tonight hosting the wily coyotes. they're gunning for history. if they can keep up this torrid pace, they will set a lot of records. caps are not looking up at anybody. the number one team in the league. they have different guys stepping up at different times. so many have contributed to help the caps have one of the best seasons in history. 90 points right now through 57 games. if they win tonight, the caps will be the first team to ever win 44 of their first 58 games. quite an accomplishment. one of the caps we're going to try to forget about every time they take the ice. big of a challenge as we're going to get mentally. keep growing our game and focusing on every game is going to be tough and we're looking forward to it. >> we've had that target for a while now on our back. we're almost a measuring stick game. we look at ourselves that way against a couple taements and other teams we know they're going to come in and give us their best, so if they're not mat

mike richards scoring his first goal as a cap. c the caps beat the cyote 's 3-2. miami hosting number 7,, virginia. we take you to the final second of the first half.f. a game high 28 points, but still time left, good at the buzz ir. miami is up five at the break. with three-must minutes to go in the game as they celebrate their son read. he gets his fifth virginia down eight they got to within one in the final seconds. they lose 64 to 61. some high school action tonight, st. john's fans they are pumped. the cadets facing deman thus. in the third quarter, anthony drives high up off the glass. he's going to play for maryland. deman that, he banks it in, in the fourth quarter, saint johns' jeffrey do you ton on a steel. he gets the return pass. he gets the lay in. he gets the foul. saint johns defeats demath a, you know what thattance into. i >> why they're going to storm the court. > i like when we get to show off some high school sports. >> the caps are on fire. > that's good stuff. keep the momentum going. >> they're doing some > we'll be right back. oaks you can

robert: caps back in form after beating the islanders. today against the devils, the caps trailing.k goes in on the deflection tied at 2-2. today, issued out, all on the stick of alex ovechkin. the caps win 3-2. it is just too much. terps had a tough one today, on the road against perdue. racine sulaimon gathers the loose ball, the floater. less than a minute to go, again baseline bucket and the south. maryland wins 72-61. gw and vcu. the colonials trailing. drives, missing. kicked out to joe mcdonald, who nails the three. 10 seconds left, vcu with a chance to win or tie. the three-pointer is no good, gw gets the board and it's the thriller, 72-69. acc, uva and pitt. malcolm brogdon had 21 points with four assists. uva wins easily, 64-50. in soccer, d.c. united kicks off their season march 1, but today fans got to get up close and personal. erin hawksworth has more. erin: d.c. united players scored when it comes to their new uniforms. what you think about the new kicks? >> it's nice, stylish, looks good. i think they did well with the new emblem as well. erin: this was the first opp

to clears are trying some cap potential move.rooks laich was put on waivers this afternoon, a clear salary-cap move. if he clears waivers and is assigned to the ahl, that would give washington a million they could keep them on the roster and in the lineup. carlson had an unspecified procedure today for a lingering lower body injury. weeks. be out 3 to four as a sports fan, one of my favorite times of the year, march madness on the horizon. college playing their best right now. had a great opportunity tonight to make a big statement with a victory over purdue. just over a minute to play, the terps down one. this does not help. johnny hill drives and lays it in, the boilermakers with the edge. 83-79.d loses to purdue, senior day, georgetown battling butler. smith-rivera receiving a well-deserved sendoff. down three, needing a prayer. isaac copeland, from half court. blocked. georgetown loses again, dropping a heartbreaker on senior day, 90-87. george washington in a battle hosting vcu. the closing seconds, the colonials down two. w

no data caps. >> guest: right. which we're seeing from comcast. >> sure. >> guest: again, we don't know why, they don't have a congestion reason to do it. so those are encouraging. but there are multiple parts to this marketplace. it's not just the video marketplace, it is the broadband marketplace. and when it comes to broadband, there are just very few opportunities for consumers to get access through their cable company or perhaps one telephone company. >> host: chris lewis, hoe closely is public -- how closely is public knowledge following the spectrum auctions that are happening next month? >> guest: very closely, yeah. we're watching it very closely. we're excited for the opportunity to see some of the medium-sized companies, not the two leading wireless companies, get at quality spectrum to make them more competitive. >> host: are you satisfied with the set-asides? >> guest: i think we'll judge it at the end of the auction, you know? we pushed for probably stronger rules than we got, but we're hopeful that w

they crack the bottle cap off. once they've got one heated up, they suck out one of those globs of lava. what happens? if you put it into cold water -- boom. >> whoa! >> it instantly turns back into a solid form of wax. >> it feels like wax. >> i think that is wax. >> what's it floating in? is that water, goop? >> well the funny part is nobody really knows, because that liquid is a proprietary recipe that lava lamp has never released. >> it's just like wax from a candle. >> nice moooooove. [ laughter ] >> if you don't have kids, even if you do have kids, these videos are going to make you have another. >> no no no. >> they're going to make you >> these videos confirm just how cute kids can be. the first two are dad versus twins. it's time to get them dressed. and while one gets his shirt on. the other one jumps around, walks around the bed. grabs the clothes, moves it. they start doing little baby gymnastics on the bed. >> like wrestling with a couple of monkeys. >> that's a lot of work with just one. >> they're ad

and first a four-straight home games for the caps. down 1-zip late in the third, and sneaks the puck under snyder. ties the game at one. in a second after another devil's goal, putting it through the crease, and a wrist caps in a one-hole goal again, and yet they find an answer. a deflection and evens the floor to three. the leader and assists, bags another. and it's the pick for the game winner. caps win their third straight in the thrilling comeback, 4-3. >> i was just trying to put it on the net, and i knew snyder could not see it because i could not see much of the net, and then i saw obi start celebrating. >> when you find ways to win night in and night out, you take a lot of pride. it will be hard to accept any kind of loss, and that's a tribute to the group. >> it's the wizards' turn trying to make it three in a row, and trying to play their third game in as many nights. the problem is they still have this guy, taking the basket, and he had a double-double in the first half. john walsh started off ice cold, 0 for 5 from the fie

it's esstially the blend wall is a cap. as people in iowa knownprv as i've traveled around and do town halls, ethanol's not expanding its market share because the epa is preventing it from doing it. by the way, no other candidate wall. no other candidate is focusing on the future for ethanol. and you know someone who joined me on my bus tour across the state,fellow named dave vandergrind, he builtore than half the ethanol plants in the state of iowa. he's the one who estimates you could see a 60% market increase. you know who's hurt by my plan? the lobbyists in washington and the people who are helped are iowa farmers and jobs here in the state of iowa. >> one final question, you talk about ronald reagan a lot. of have a presidency like his. he famously had a terrific relationship with democrat tip o'neil o'neil. he got stuff done. are you and nancy pelosi going to bebeble to get stuff done? >> absolutely. >> how? >> in my entire time of the senate i've treated everyember of the senate with civility and respect. >> i don't

have small caps bottomed though? we'll ask one five star money manager and the four stocks he likes now. you're watching cnbc, first in business worldwide. >>> the russell 2000 small caps trading way down, about 10% so far this year. nearly 20% from their peak in june. at different times down more than 20% in a full fledged bear market. is now the time to dip in and buy? brian smalllook of the four star rated hood river, small cap growth fund and joins us now. welcome. you argue in part that a lot of the -- of the carnage in small caps has been focused in one sector, biotechs and if you take those out, it doesn't look half so bad. explain it. >> biotech has been under significant pressure as you mentioned. down around 40% year to date. the earnings based companies have been doing much better. biotech had a bubble type scenario set up going into the end of last year, where you had a bunch of ipos, secondary offerings and people weren't paying much attention to evaluation. a much longer risk off mode year to date and b

if we extend the cap that's great but nevadans would like to see that cap removed because with that cap removed well economic growth can happen. jobs can happen again. it's something that the state needs. bennett: and i understand that northern nevada great basin ballot referendum also? miller: we are definitely in support. we-we joined them at the filing at the secretary of state's office down in carson city a few weeks ago and we're really hoping that this awareness raising can really maybe put some pressure on our legislators to call a special session. they have an opportunity to really solve this problem right now instead of letting the industry be destroyed and have it be something that is dealt with later on through these ballot initiatives and future legislative sessions. so now is the time for them to act. bennett: so specifically what would voters be asked to decide on this november? what would be on that referendum? guinn: so we would ask the voters to say no on the ballot. and that no would undue the puc's decision for rooftop bennett: then it would just automatically revert

. >>> tonight's game between the stars and the cop cap -- caps could be a preview for the stanley cup finals. the team that played better defense came out on top tonight. the stars, they come out flying. scoring four goals past holpy in the first. and then carlson tees it uch for o captain. three minutes later, justin williams. coming from behind the goal line, beats the netminder over the shoulder and caps down just two. washington still fighting to get back into it. ba barkowski and scores it. they score three times in 10:00, well within one. and the chance falls to wilson. but he cannot connect. falls short. 4-3 the final to the caps. >> nba all-star contest, you can't lose when you have a mascot. right. wrong. and then the show-stopper between the legs for his second title. three point shootout now. came down to a battle between the brothers, steph curry set the ball hi shooting 23 in the final round but the his teammate klay thompson shot a 27 to take home the title for the second year in a row. a member of the splash brothers wins the nba contest. erika, back to you. >> impressi

the caps, aiming for their 39th win.marcus johansson feeds tom wilson, and the offensive team -- fast-forward to the third, the caps stayed aggressive. the shot is blocked. justin williams, too. the caps win at 5-3. they get two more points. to the nba, the knicks in new york. john wall drives, lobs it in marcin gortat. nice alley-oop, john wall with 17 boards. he scored or assisted on 72 points. back, quarter, wall steps drains the three. he had 28. wizards beat the knicks. number two maryland hosting bowie state tonight. you should sulaimon with a quick first step, and lookout. he goes in for the jam. 40-26, terps. sulaimon again forces the says,er, gathers it, and i'm going to take all of this for the breakaway dunk. 16 for sulaimon. 93-62. north carolina coach roy williams had a scary moment on the sidelines tonight after he collapsed during the tar heels game against boston college. williams was speaking to his team during a break when he fell. he didn't return, but the good news is he's doing ok. he has reportedly

orlando will trim nearly $8 million from their cap total in dealing frye. meantime two players dealt to , orlando tuesday in the deal with the pistons were on the floor with their new magic ilyasova at the practice facility players that scotty , skiles coached when he was with milwaukee. so the transition should be easier than what it otherwise might be. all part of the biz, says brandon. >> it is the nba. you got to be ready, things happen. it is my first time being treated during the middle of the season, but i am happy. i' m ready to play again and contribute. we have five games out of the playoff spot, so try to make it work. >> obviously we are coming over, looking forward to it. pat: ok and city soccer fans , will be delighted to know that midfielder antonio nocerino is officially a lion. the paperwork that will bring him to orlando is now done. terms of the 30-year-old' s deal not known, but the lions happlily announced tonight that is coming, will be here later. good news for the solar bears the new caramel macchiato from dunkin' donuts. let hand-cr

if a cap is passed when a new one does, they are spread out. the neighborhoods in theory would then win because they're not being overconcentrateed or over saturated. the other idea is depending on the number the cap has decided. this is an idea, not a proposal yet. no votes on this. but if there was a cap per se in an area that already has let's say three dispensaries. the cap is two. when one closes a new one can't reopen here in that same area. again, overall, then, lowering the number of pot shops or within a specific neighborhood. this also gives businesses the option that while if we can't open another location, maybe a medical marijuana dispensary would change to a recreational one, and they would be subject to more oversight by the city and have to pay more taxes. this has been brought up by one of the council women on denver city council. we'll keep you informed on what happens with all these quarters. jason gruenauer, denver 7. >>> city is also making moves to put a stop to crime along the 16th street mall. eric lupher is live there t