choppy. in for a year like this. kind of slow, choppy, growth. >> not a great, not, thing for the markets or for anybody frying to work in the environments. scott, you agree with the assessment? >> i do. more of the same. surprised at preliminary release of fourth quarter gdp. this doesn't strike me that the revision is negative. more of a -- back down to an economy that is growing along at a modest pace. it has been doing some time. >> how do you think janet yellin did before the senate? >> sunny dhe did her job. following in footsteps of chairman bernanke. carrying on with new tradition. the way she talked. the way i expect the fed will continue to talk about changes and quantitative easing, tapering, likely changes in interest rate policy. will soften the beaches so to speak for when interest rates rise down the road. >> nick, what do you think about the fed's tapering program? slow douvewn of the bond buying program. at the right speed? will it continue? >> it will continue. the right measure. the federal reserve

. >> reporter: it will be a choppy end to a choppy quarter. last year's first quarter everything was up 10%. this quarter will produce real winners and losers, what traders call a stock ticker's market. let's look overseas first. many traders who were buying japanese stocks like crazy last year suddenly got clobbered this quarter. stocks had been rising there on a weak yen and japanese stimulus program. but effects of that boost has now faded. china started off very weak but has been rallying recently. the problem with china is that their growth appears to be slowing down. now, here in the u.s., gold mining stocks which were among the worst performers last year were very big gainers as were airline stocks, which rose on higher profits and on reduced capacity. but the most discussed change in the market came from new techs and social media stocks, high flyers. for example, groupon, twitter, amazon, linked in and even netflix, all of which started the year very strong, drooped in the second half of the quarter as traders became more concerned wi

waters so choppy rides had to be cancelled >> today, it was so choppy we're not able to have the ferry land on alcatras safely >> she told us they can refund money or book our ticket for the next day. i don't know if i can make it. >> ben from london was disappointed he was going to try again, tomorrow, >> i thought you're tougher out here. come on. we can all put up with a bit of wind. planes had to change flight patterns this tree fell and by morning conditions began to improve. let's get the life wind readings >> clear skies and winds have diminished gusts up to 59 miles per hour going to 52 miles per hour gusts you can see gusts 45-46 miles per hour gusts. so this is a picture, novato six miles per hour winds. we have gusts to 20 miles per hour. >> well, now to one of the biggest fires in san francisco history. both clean up and investigation into how it happened just getting started. 24 hours ago this was the scene. a apartment complex consumed by flames. here, now, live, is what is left. burned down ruins. abc7 news begins our live coverage tonight on the scene. cornell? >> yes.

it will make it feel like it is slow at the very least choppy. we're in for an entire year like this of kind of slow choppy growth. >> that's not a great thing for the markets or for anybody trying to work in thesement haves. scott, do you agree with that assessment? >> i do. i think this is more of the same. i was surprise the at the preliminary release of the fourth quarter gdp. this doesn't strike me the revision today is particularly negative, mor backing to an economy growing along at a modest pace. >> scott, how do you think janet yellen did this week when she spoke before the senate? >> she's following in the footsteps of her chairman bernanke and is vex carrying on with the new tradition of communication being one of the tools in the fed's toolbox. the way i expect the fed will continue to talking about changes and quantitative easing and about the like little changes in interest interest policy will soften is the beaches for when the rates begin to rise down the road. >> what do you think about the slow down of the bond buying program, n

if the currents are strong and the ocean is choppy, how do you distinguish between white caps and a crucial piece of debris? >> if you have a white cap like that it's much more difficult to identify a piece of debris so it requires just more attention and a lot more eyeballs to make those distinctions. >> reporter: and now what's making the search difficult is that the water has been really choppy. after the pictures were released, the search was hindered by low visibility and rough seas in that same area. brian todd, cnn, washington. >>> malaysia says the search-and-rescue teams need more equipment such as pinger locaters as they try to find the airplane. andrew stevens joins us live in perth, australia, where tonight's flight mission over the southern indian ocean is originating. he's got the latest on the search. andrew? >> reporter: natalie, we're standing now inside the pierce air base here on the outskirts of perth. it's a much, much clearer day than it was 12 hours ago and that's good news for the searchers because it had been bad weather hampering visibility, hampering the search ye

waters so choppy rides had to be cancelled >> today, it was so choppy we're not able to have the ferry land on alcatras safely >> she told us they can refund money or book our ticket for the next day. i don't know if i can make it. >> ben from london was disappointed he was going to try again, tomorrow, >> i thought you're tougher out here. come on. we can all put up with a bit of wind. planes had to change flight patterns this tree fell and by morning conditions began to improve. let's get the life wind readings >> clear skies and winds have diminished gusts up to 59 miles per hour going to 52 miles per hour gusts you can see gusts 45-46 miles per hour gusts. so this is a picture, novato six miles per hour winds. we have gusts to 20 miles per hour. >> well, now to one of the biggest fires in san francisco history. both clean up and investigation into how it happened just getting started. 24 hours ago this was the scene. a apartment complex consumed by flames. here, now, live, is what is left. burned down ruins. abc7 news begins our live coverage tonight on the scene. cornell? >> yes.

ray lilley new disc read that correctly the market was pretty choppy today chinese tea that putting a damper on sentiments you took of the new cameras was moving in positive territory throughout the session but it erases the days right before the market close as industrial output and retail sales are in china came in lower than expected investors were hoping that the numbers would not these jitters about the chinese economy but that didn't become the case the market was then. trading was lackluster and falling slow and this is a reflection of how many investors of both institutional and individual were staying on the sidelines other still looking for a reason to buy or sell but despite the week is fall the market did get some support from better than expected. she orders that the releases morning providing that the support and one star performer today is soft but bucking the trend that sucked into the pope was ten percent. lily. today's modern era august and showed stronger than expected numbers him gate and that's just didn't have those anime picking up a what i'm saying about this.

choppy waters are reaching the bay. we will show you a few of the things proceeding in the wind. >> dan, those winds are diminishing now. temperatures will be riseing. i'll have the accuweather forecast coming up. >> thanks, spencer, plus the unprecedented search for the malaysian airline plane that . >> the code orange from parents protecting their children from sexual predators. here's a sketch from a man trying to assault two children in elementary schools in oakland. laura anthony has the story. >> these parents say they don't want one mover child assaulted in their neighborhood. they realize police and schools can only do so much. >> we need to do more so that community members are for all. >> our goal is to get out the message that we're here, we're going to stay positive and we want everybody to know that we're altogether in unison to help protect these young ones. >> reporter: in the meantime, oakland police release this sketch they believe he assaulted a 2nd grader on campus last friday. he is described as a wh

. >>> we are tracking pretty gusty winds and choppy water on the bay, check out fairfield at 25 miles and sfo is about 20 so it will be a rough go if you are driving east-west. here is a look at the bay waters from the exploritorium. i will thank nelson, a loyal twitter follower and friend and he said it was choppy on the bay from oakland to san francisco so you have aned what you are in store for. mid-to-upper 60's along the coast and low-to-mid 70's for the rest of us. spring is here. >> the bay bridge toll plaza is the commute and it will take you 22 minutes away from the maze to san francisco and we have a fremont follow-up with traffic causing huge backup from mission pass. >> see you in 25 minutes. don't. i want you to be kind.ff i want you to be smart. super smart. i want one thing in a doctor.tk to speak my language. i don't want you to look at the chart before you say hi...david. quiero que me hagas sentir segura. i want you to be aweso that's the doctor i want. at kaiser permanente, we want you to choose the doctor that's right for you. find your perfect match at kp.org and

people are feeling like the market is almost not choppy enough.hat is happening in the united states lou, is very good for stocks. if you look at earnings growth. dividend growth, share buybacks, basic economy has been pretty strong especially after such a bad winter. lou: when you weigh all of that though, the buybacks, the dividend, against earnings -- >> right. lou: which is the more powerful driver here? >> earnings are clearly the most powerful driver. if you take a look back to 2007 right now, earnings are 35% above where they were at that time and the stock market is approximately 22% above that time. sorry, go ahead. lou: go ahead. >> in addition if you look at actual p-e ratios today, on forward p-e ratios the stock market is averagely priced. it is not as if it is expensive. the thing that gives us confidence that the amount of money on the sidelines uninvested is relatively large. lou: you expect there to be a straight line move? >> of course not. you look what we're recommending, the typical recommendation is 57% in equities which is a

with choppy water, alcatraz cruises canceled around 11:00 a.m. and 1500 people already on the island had to leave. that left a lot of people with only a model to look at. people can get a refund or rebook. they expect tours to resume tomorrow. >>> to our chief meteorologist bill martin for more on the winds. what is going on right now? are we over the strong winds? >> heaviest winds were last night and this morning. there was a wind advisory from 8:00 p.m. to 8:00 a.m. and that is when the strongest winds hit the bay. east bay hills as well, wind gusts over night 59 miles per hour. as you look here and see 34 miles per hour winds at crissy field, 36 richland. you are getting a northeasterly wind, creates a lot of chop. the winds died down. the winds right now out of the north, northeast, fairfield 18. that is a gust to 26 down there. gusts to 20 in caw cord. the advisory -- concord. the advisory is down. this wind is warming us up. the air is sinking. as we go into the next 24 hours, we will warm further. there will be sinking air that could allo

. >> i surf but not this, it is really choppy, lot of wind at sea. >> the wind and surf is to blame for this sinkhole. the city filled it in about ten years ago and appears the storm moved huge rocks below causing it to collapse again. along the coast the storm shut down piers. a high tide and large swell knocked out some board walks and drainage pipes. >> we did see a few surfers today but many said will wait another couple days, they don't want to test mother nature just yet. >> i think that is a wise decision. thank you kim. >>> up in the ski area, celebrating with more than nine inches that fell in the last 24 hours. kirkwood say they recorded nearly six feet of new snow during the last week. chains are not required right now on highway 50 or 80. >>> crews were on alert for the third day in a row, rescue crews searching the los angeles river for those who got caught in the current. there is a tornado warning in areas, some people stay. >> i didn't get to sleep until after 2:45 and none of this was here. >> the problem we have and the situation we deal with is that while we have thes

a somewhat choppy recovery is not unprecedented.f you go back to 1981, 1982, we had similar recoveries that hit a few bumps, choppiness, especially in this case with terrible weather and then continued on to a great recovery. >> what are the most stable areas growing quickly? >> the most exciting, solid growth is in texas. oil prices help. >> you mean the oil boom, a lot of workers, sort of what we saw 30 >>th dakota absolutely, but on a larger scale. dakota, we of north have seen luxury developers go develop boom states to lower end housing for the workers. are you considering anything along these lines? >> we do a little housing in the ohio, west virginia area that benefits from the fracking activity, but generally we are focused on 19 markets. >> you have a small presence in california. what are your plans? >> we operate in both southern california and northern california, and we are about to community inome palm springs. i am very bullish on northern and southern california. >> what keeps you up at night -- what are the concerns

it's not uncommon to have this choppy market. very nonunexpected is the way to put it. >> rick santelli, i'm out here in dayton getting a first-hand look at some of the excess capacity in this country. still, i can't understand why the 30-year bond went below 3.5% today. maybe you can help illustrate what's going on. what does that tell us? >> i think it tells me that, you know, at some point we're going to have to find an extra 250 to 300 basis points of tightening in 2015 at some point to pack into the yield curve. so everybody's done an about face. they're selling the short maturities, buying the long maturities. i think that curve implication may be with us for a while. you have to go back to july of last year to find us up 350 close. yet, if you look at where the five-year was before the fed statement at -- in the 150s, then moving to 170, where it still sits today. really, the dynamic we should pay attention to is threes, fives, and sevens. they're really hunkered down, which makes me think that it's not only the curve impl

military search planes, private jets, and a chinese icebreaker are all on the lookout in the choppy waves in poor visibility, trying to find anything that floats. searchers looking for flight 370, a tantalizing lead. >> the chinese satellite image shows this floating. >> one image shows an image of significant size, 73 by 42 feet. >> cautiously optimistic about this. >> sera is playing that her boyfriend is alive. her hopes, though, are fading quickly. to be partsant it of the plane. i have been holding out that the passengers are still alive. >> military planes and surface ships are heading to separate locations in the indian ocean, but a lag time of several days is a big problem. >> what objects are there are likely to have moved a significant distance as the result of the current and wind. >> so far, nothing. >> we have not seen any wreckage. >> what's worse, a typhoon is also headed to the search area. >> they have normally high waves, 40, 50 feet. >> the families of the missing, and the whole process is agonizing. >> we want to know what happened! family of the chief steward has kept

that's on top of what was already a little bit of a choppy housing recovery. good news is, it's feeling better weatherwise and sales wise in recent weeks. >> when you say it was weather, i know you have a lot of houses in new jersey, delaware, ohio, pennsylvania, that got hit pretty hard this winter but you have places in florida, in texas, arizona, california. were those areas, did you see sales continuing at a strong pace in the places where weather wasn't an impact? >> houston and dallas are one of the hottest markets in the country. they haven't been affect by anything. overall, 2013 started out with a roar for housing starts and then it got choppy late in the summer which has continued. we've had a few good months as an industry in our company and a few bad months. it seems to be back on a better role right now. >> are higher mortgage prices having an impact on what consumers are willing to pay? >> clearly the mortgage rate increase combined with housing increases this past year during the good market have caused some buyers to hold back a little bit. and

. >>> choppy waters on the bay this morning forced a company to cancel ferries around 11:00 a.m. this morning. 1500 people were already on the island. they had to be ferried back. everyone scheduled today was offered a refund or a chance to rebook. officials expect the boats to run their regular schedule tomorrow. >>> our chief meteorologist bill martin has been tracking the windy conditions. how drawn were the winds -- strong were the winds today? >> the strongest winds were last night when the wide advisory was in place -- wind advisory was in place. this morning 36 miles per hour in richmond. the direction out of the north and the east. which is prily windy -- pretty windy. that accelerates the wind. there is less friction. you can see a live camera. smoothing out. the winds died down. the wind advisory has been dropped. winds down a 5, 8 miles per hour right now. right now fairfield 26 miles per hour. which is -- for that area, not out of control. 12 miles per hour at san francisco airport. winds dying down. the air continues to sink and when it does that temperatures warm. t

the conditions are windy and choppy. they're not doing a good job containing the oil so far.f this morning, the oil had already spread about 12 miles into galveston bay. by sun up tomorrow, we should have a better idea of how far it's gone in another 24 hours. once again, the state-of-the-art response from the world's most profitable industry is boom. that's boom, you can see there, lying on the beach. that's boom doing just its usual great job of keeping oil off the shore. here you can see boom doing just as good a job protecting shore birds. there's miles and miles of supposedly protected shore bird habitat all along this part of galveston bay and texas coast. it happened two miles from the bolivar flats audubon refuge. tens of thousands of birds use the wetlands as stopping off points on their spring migration. the wildlife consequences could be devastating. the economic consequences. the houston shipping channel was closed after the crash on saturday. this 52-mile-long channel is one of the busiest commercial shipping channels in the whole country. the intersection, the a

if you are taking a ferry rain it is not so choppy as when you came to work. if you are traveling around, beautiful day to sight see it is so clean. you can see the dry air rolling in. there are no clouds. the humidity is lower today than yesterday where it was feeling almost muggy. here are the wins at 20 miles per hour, san jose at 14 miles per hour, and fairly at 18 and live more is 12 and napa at 13. here is what is going to happen tonight at 8:00. the winds will pick up pace against coming from the northeast at 25 to 35 miles per hour. we will have gusts up to 40 miles per hour and the valleys in the north bay and east bay and the peninsula coast above 1,000' with gusts up to 50 american so driving is difficult if you have a high-profile vehicle. we could have trees come down and cause power outages but the shaky trees were knocked down last strong winter storm and there could be a couple more that were not affected that could be hit. 59 in san carlos and san francisco and antioch and everyone else in the low-to-mid 60's and warmer than yesterday. here is

arctic summit in london has brought together these businesses and environmentalist, trying to navigate choppyaters. they might argue over the exact causes, but no one doubts that the arctic sea ice is retreating over greenland. it is bringing new business opportunities to the high north, which the states neighboring the arctic want to cap if they can minimize the risks. said that, in london 55 ships had taken the new northern group from asia to europe. it cuts previous trip by at least 10 days. that is attracting investors. the natural resources of the arctic are best. the arctic accounts for 13% of 30%world undiscovered oil, of the undiscovered abdel gaskin and 20% of the understanding natural gas liquids in the world. past wherent to go our technology will allow us, and that is one reason we are focusing on the workable today, and then we will build on this experience to go deeper. >> there are investments required -- >> kercher rules on resource companies. >> the economy has been focused on this. to see a priced jump when it comes to oil and companies are keen to go deeper and maintain a c

but it is choppy and could remain that. a report is showing that the consumer confidence dipped slightly in february. puerto rico is not recovering as well as the rest of the country. we are looking at the multitude of the problems holding puerto rico back. still with us, kenneth, former secretary of state and professor charles, of the institute of puerto ricoian and latino studies at the university of connecticut and from washington, justin, director of the national puerto rico chamber of commerce. kenneth, the three main political parties are known for the future status of the island and if we were spending more time on the island and listening to the political debates much difference in their view of the economic future, do they have a different philosophy of running the island's government and public services so that voters might choose not only between state hood independence and higher employment policies, lower borrowing policies, the nuts and bolts of actually running a place, is there a difference when it comes to

as we've mentioned repeatedly, the weather is bad, the seas are choppy. the flow of water is such that it's going to be difficult to find them once they do get the jets -- the planes in there. and then priority one is a search for any survivors. [ inaudible ] to see if it's possible that 11, 12 days later, somebody might have been able to survive this. it's a long shot, but it's priority one. again, let's get to kathleen banks, who is a pilot, an aviation expert and a fox news contributor. kathleen, your thoughts on what we have heard from the aussies and what it may mean in the big picture? >> well, i'd like to say i'm cautiously optimistic, but really what i'm hoping is that this is not a premature revelation. because the families involv involved -- -- relatively indistinct imagery. maybe they're not playing their whole hand. what i hope they have, like a wing, descriptive of a tail section or something that shows malaysian airlines markings. otherwise i'm nervous that it's premature. one of the good things you mentioned, it's about 78 feet, the largest

but trading in many markets was pretty choppy as market players were generally struggling to find the next trading cue. here in tokyo the nikkei average rose by about half a percent today, 14,696. that was helped on by investor demand. but the index was weighed down by a cautious mood, ahead of the consumption tax increase from april 1. in hong kong the hang seng index closed up more than 1%, 22,065. financial shares pushed up the index after major chinese banks posted upbeat earnings results, industrial and commercial bank of china was one of them. banking shares also in demand in sydney today. the s&p/asx was up 0.3%, 5,366. investors bought high-yielding shares like banks amid a recent rebound in the australian dollar. the incoming head of south korea's central bank says he is on a mission to restore market confidence. he will take over at the bank on april 1st, and asked research fellow at the korea institute of finance what impact this appointment will have. >> obviouslyly many people thought that the new governor would be some ex-government official. but actually mr. li was appo

so the risk is choppiness.ger i'm in this thing the more negative compounding works against me. but from a short-term perspective, which i think works perfectly with this trade it really works in your favor if i get my timing right. i think what probably happens here is there is a sharp rebound rally in the biotechs. i can't time exactly when. but i think ultimately it fails. they don't make a new high. those late february highs stand and sentiment really shifts on a longer term basis, not just the one-day selloff. i got to tell you, these names are trading at an average of 33 times trailing earnings. and that's the profitable ones. that's removing the ones that are losing money. >> theoretically how long would you be in a position like this? >> it's a trend. so if the trend stays on my side, i'll stay long. if i'm wrong, you have to get out because this is double leveraged against you. this is not buying and holding and print out the certificate. >> that's why i ask, right? >> yeah. look, this is not something

. >> reporter: crews have battled fierce winds and choppy waters as they scour a vast area in the southern indian ocean. now they may be able to narrow their search for malaysian airlines flight 370. >> this is still the most credible lead that we have. >> reporter: malaysia's defense minister says french satellite images detected 122 objects floating in a 400 kilometer square area. >> some objects were a meter in length. others were as much as 23 meters in length. some of the objects appeared to be bright, possibly indicating solid material. >> reporter: flight mh370 left kuala lumpur on march 8 bound for beijing with 239 people on board. it disappeared less than an hour after takeoff. malaysian authorities say it went way off course and likely crashed into the ocean. the objects picked up by the french satellite are about 2500 kilometers west of werth, australia. the areas close to where australian and chinese satellites detected possible debris more than a week ago. pilots from a number of nations have been taking off and landing from perth spending hours in the air. it's been a frustra

increase here as we head through our sunday, we're also going to have to put up with those winds and choppyseas as well. so the winds will be on the increase as this front moves in as well, natalie. it's bound to make it much more difficult. >> right, absolutely. >>> a team of oceanographers is standing by in case they're needed for the flight. they're set to deploy a special type of submarine, a kind of underwater drone to scan the ocean floor and it can go quite deep to do that. randy kay reports from woods hole, massachusetts. >> reporter: this robot submarine may hold the key to finding malaysia airlines flight 370. it's called the remus 6 f000 and was developed by the woods hole oceanographic institution on cape cod. it's 13 feet long, weighs almost a ton, and costs about $2.5 million. mike purcell is the principal engineer here. >> they can go up and down mountains that are up to 40 degrees in slope. they are very stable so you get really good data almost all the time. >> reporter: why would this underwater robot find something even the u.s. navy and search teams for from more than tw

strong into that and you get the choppiness. what you need to look forward too, last five years, april is second strongest month, last 10 or 20 years, april is hands down strongest month. people are optimistic but all of sudden get shakeout we talked about. biotech, small caps, getting a hit. people are getting once again pretty fearful. doesn't mean it can't continue. overall i see consolidation and higher april looks good to me. david: ryan, tom is big on emerging markets. you two will have a fight on that one. before we go through that, tom, i want to ask about earnings reports. we see kind of okay earnings season in this last one but the next one we'll deal with the bad weather this winter, some other things. are we looking forward to a bad earnings season coming up? >> as you point out 65% of the stocks in the s&p 500 beat, david, in q4. 7 to one negative preannouncements to positive preannouncements in q1 in 2014. that's a concern. emerging market, china, problems over there as well as we see devalued currency. the whole t

. >>> the water's a little choppy here in demarco. >> wow. >> that windsurfer didn't have a chance.atch it again when he's trying to control it he gets ahold of the handle but the wind is, do you know what, buddy, you can hold on all you want and i'm taking control of this and he spins around and doing a loop-the-loop. >> the wind is doing whatever it wants. >> it's a great day to be out there nice winds and chop to bounce over. of course, it happens he didn't get hurt. >> he's got a camera on, too, and someone is watching him. >>> we've got another fail this is from cycling, this video was posted as a warning to people that they shouldn't overlap their wheels if they're in the paceline. in cycling you don't want to overlap or bump wheels because if you do that means the person in the back usually takes the brunt of it and falls off and that's what happens in this video. if you notice it was in the middle of the pack but was able to pull ahead of everybody and a few more people pass and the overlapping happens and people start tumbling. notice the bike on the right in front of the c

this is a very windy part of the world with very choppy seas. how low do they fly?w the wind affects them? >> so p-8s were designed to operate actually on the level of a regular airliner. so you've got the cruising altitude of a p-8 poseidon at about 30,000 feet, based on the airframe of a 737. that's ordinarily probably where they operate from. they can get as low as they need to to go and detect submarines. it all depends on the context of the mission. you could go much, much lower than 30,000 feet. so a scenario cob a p-8 at a very high altitude could detect something with its radar and go in for a closer look and dip down several thousands of feet to get a better look with that video camera that's mounted underneath there. it all depends on the context of the situation. those pilots are all very well trained and they know to keep an eye out for weather and how to stay safe in those kind of conditions. >> i'm glad they do. sam lagrone, thanks for your insight. >>> they help power your laptops and cell phones but have known to overheat and cause fires. lithium eye

but in choppy waters, it's not so easy. because they're just hiding behind the waves. >> yeah, every time a wave comes through or a bit of swell, then the person or the piece of equipment will go missing behind it. >> reporter: this training simulator shows how heavy waves can make search and recovery a challenging game of hide and seek. today, the malaysian government insisted not just debris the vessels are looking for. hope against hope. of course, we are praying and continue our search for the possible survivors. finding the haystack is just a first step here then comes the more difficult task of finding the needle. listening deep under water, with this device, for any pings from the black boxes. as day breaks here, the search will resume in earnest. it's a race against the clock. because the batteries on those black boxes have just one week left on them. >>> thank you. back here at home and to the devastating mud slide in washington state. that mountain of mud coming down one week ago. in those early hours you'll remem

. >> the winds also caused such choppy waters that the company the fairies visitors to alcatraz stopped running boats at 11:00 a.m. they had to remove the 1500 people already on the island. everyone scheduled for a tour today have been offered a refund or chance to rebook. >>> the suspect in last week shooting of a san francisco police officer made his first court reporting today. look at the bottom of your screen, what you see a surveillance video 50-year-old jeffrey rulon being arrested early sunday morning, today his attorney asked to postpone his arraignment until friday. prosecutors say he will be charged with felony assault for backing his carpet officers and for possessing ammunition. they believed officer adam sholl was accidentally shot by another officer. >> currently given the totality of evidence the charges that mr. roll-on has faced and been charged with those of the appropriate charges. >> the incident happened during a traffic stop in the mission district about nine hours before the arrest. officers shot was hit in the shoulder and is recovering. >>> a first of its kind

choppy waters, two and a half miles deep, nasty weather in the skies, and it's all happening in

. >> well of course, and you get choppy seas, and that was described as a challenge, and you could get white caps, making it difficult to find objects, particularly if you are in another boat or ship. the easier part is to see that from a low-flying airplane with aircraft ability, which is what the poseiden and the orion is about. >> you talk about the seas. do we know the depth of the water? >> i've seen the depth can be anything from 3,000 to 23,000 feet. there's a plateau in the general area, but nobody knows precisely, yet, where the debris or debris field is, so no one knows how deep it is. even when they find the debris field, if it is from the aeroplane, you have to mathematically compute the origin, because it's been 12 days, and the debris could have been quite a distance from where the impact would have been. >> the aircraft, itself, will obviously give off no signals at its point. >> well, one would hope the flight data recorder and the flight recorder are giving off signals, because there's what they are designed to do, and the battery life is supposed to be about 30 days,

it finished out the day at 14,462, trading was a bit choppy. short-term traders moved the markets today. investors bought pharmaceutical issues to try to get higher dividends before next week's ex-dividend date. the shanghai composite with declines of nearly 0.2%, 2021 at the close. property developers remained under pressure as investors were concerned about the risk of possible defaults by small developers. and the weakness of property shares also being felt in singapore. the straits times index closed lower by just under half a percent there, 3,079. capital land dropped as the sale of its stake in an australian property developer appeared to disappoint investors. >>> well, more people from other countries are visiting japan now. the number of foreign tourists hit a record high for february. officials at the japan national tourism organization estimate 880,000 people visited japan last month. that's up about 21% from a year ago. and the second straight monthly rise. the officials say the weaker yen, and a decline in anti-japanese sentiment pu

visibility today is said to be good, although the water is still very choppy. as of now it's, what, 5:00 in the afternoon here in australia. they have reported no sightings of anything suspicious or significant. now, also yesterday here in perth the arrival of new u.s. assets, submersible as well as a device which they call a pinger detecter for helping to detect that black box, but neither will be deployed until they've massively narroweded the search area which will, of course, lead them to find at least some debris, and no sign of that yet, betty. >> okay. we'll be watching. ian, thank you. joining us live from perth, australia. >>> now the latest in sports and the women's sweet 16. number one uconn stayed undefeated dominating st. joe's. it is connecticut's second straight win and keeps them on course for their ninth national title. >>> texas a&m also advances. the fighting irish, kentucky and baylor and oklahoma state fill the brackets in the notre dame region. it is home for louisville in the next round joined by tennessee, maryland, and lsu. stanford hop

the report lead to a choppy trading session on wall street. the dow fell 36 points. the nasdaq gained 6 while the s&p remains unchanged. but did hit an intraday record high. gold lost four dollars and money flowed out of oil sending futures down $2.38 cents. mega merger mania-- dealogic calculates $336 billion dollars in deals have been announced this year. a 31% jump from last year. and the most since 2000. and the u.s. mint will resume selling american eagle coins. good news for coin collectors. trader todd horwitz of average joe options joins us on this thursday morning. good morning to you. >>good morning angie. >>i want to start by asking you about the ukraine crisis. on a level of 1 to 1 where do you place this in relationship to the stock market and some of the commodities? >>right now i place this as a non event in the ukraine. all the action came in on monday and the market showed that they have no fear on any market across the board. they have all been lower since the initial fear on monday. >>really? interesting. and as far as your bearish attitude shall w

they've spotted objects floating until choppy seas. the chinese plane reported seeing two large objects and several small white fragments scattered across several kilometers. follow satellite images that gave hope the mystery of flight 370 might be solved. on saturday the chinese released a new satellite image of an object 72 feet long. the immidge was taken on march the 18th. that's ten days after the pilots of flight 370 last spoke with air traffic controllers. then on sunday the french announced they also had satellite images that showed, quote, potential objects related to the ongoing search. joining us from perth australia nbc news correspondent ian williams. ian, bring us up to date on the latest details. >> reporter: good morning, thomas. well, today was the largest number of aircraft deployed so far in what is day five of the search out of perth. ten out in the search area, two of them chinese military aircraft. it was one of these chinese aircraft that spotted from 33,000 feet on its way back to base this latest debris. now th

. >> a huge shot, especially when the water is choppy, dangerous weather, not easy to fly around thereainly on boats either. all right, tom, thanks very much. a source who recently worked on malaysian airlines 777s tells cnn the pinger batteries on flight 370 may have already stopped sending signals from the flight data recorder, voice recorder and so-called black boxes. the information comes from a recent audit of the airlines, parts, storage and maintenance procedures. let's bring in our own richard quest who is in new york. ripped, explain potentially the significance of this development. >> according to a source told us that the batteries on the underwater locator beacons, according to this audit, they discovered the batteries were being stored in a too humid area and against what the manufacturer said should be, which was in a cool area. now, because of obviously the humidity in malaysia, storing the batteries for a prolonged period of time in this area could degrade their operational performance by up to 50%. if that is true, then, of course, the battery's now being activated wit

toward the tail end of the year it was choppy. the winter was obviously terrible in terms of weather, and that didn't help. that erode the some of the confidence. in the last few weeks, frankly, i think things are turning around and the new surveys will show much more positive results. >> weather, psych he on someone selling their own home. does it affect big home builders? >> absolutely. we have a lot of operations in minneapolis, chicago, new jersey and washington. they were all very much affected. nobody wants to shop for a home with 8 inches of snow on the ground or it's freezing or cold. >> let's talk about what we were talking about earlier, the idea that mortgage rates may still go up, even if the fed says we're not moving until the middle of 2015, mortgage rates are a percent higher than a year ago, and they might inch up. does that have a substantial impact if mortgage rates go from 4.4% to 5%? snoo th. >> that kind of movement won't be a real problem. back in 1981 and 1982, mortgage rates hit 18%, and we built more housi

after a choppy trading session the dow ended 4 points lower on the day, the tech heavy nasdaq slid down 22 and the s&p ended lower by 3. seema mody has more on what's behind the breakdown in thooers the these fast-growing tech stocks. >> reporter: vesting in fast growth tech names has been success. netflix up and google up a 55%. over the past pun month, shares of these growth stocks have fallen sharply. analysts say after the big run up in these games, valuation is becoming a concern. plus as the quarter comes to an end, traders are selling the winners. >> i think in general you're talking about the end of the quarter. clients do not seem to be overly concerned about the movement that we're seeing in different sectors. you're seeing in technology a clear rotation out of some of the high ln flying internet names. >> reporter: in that rotation into value-oriented tech names may already be happening. ibm, cisco, hewlett-packard, oracle all higher over the past one week. so far this year, hewlett-packard is the big winner, up 14%, thanks to better than expected earnings. while it still rem

towards the tail end of the year it started to get a little choppy. the winter was terrible in terms of weather, and that didn't help. that eroded confidence of the home builders. in the last few weeks, frankly, i think things are concerning around and i think the new survey is going to show much more positive results. >> someone who is selling their own home does it effect big home builders like you, too? >> sure, we have operations in minneapolis, new jersey, washington, they were all affected. no one wants to go out and shop for a home if there is eight inches of snow on the ground and it's freezing and cold. >> the idea that mortgage rates could still go up even though the fed said we're not moving until the middle of 2015, the mortgage rates are a percent higher than a year ago, and they might inch up. does that have a substantial impact if the interest rates go from 4.4 to 5%. >> i don't think that will be a problem. in 1981, 1982 mortgage rates went 18% and we built more housing as a nation that year than this last year. people's memories are s