-cio here and executive director working america and stuart a letter and union organizer who is by the way going to be signing copies of his latest book plain bigger than you are it's a great book i've read it tomorrow night at six thirty eight pm at busboys and poets on fourteenth street right here in washington d.c. so let's let's all get started it is a great book and it really is the minutes it's and you do play bigger than you are and. i you know i i want to start with i want to get into the rallies that we've had around the united states but bill as the chief economist of the. i would love to hear you know we just did a debate on economics and my position has always been the economy is driven from the bottom up i think that's kind of what adam smith david ricardo said and what pretty much everybody is until ronald reagan came along and and that good wages and a good strong middle class builds a good strong economy. do i have that right well that was absolutely the consensus in the united states you even put up where the republican party stood in the one nine hundred fifty s. and

i have a meeting with the cio on june 14th, at 11 with the hp staff. and so i wanted to see if you guys could give me a good hearing after almost 7 years of working with the district. you know i think that they are trying to fix something that is not broken. but so that is from my side. so that is what i want to ask you request all of you to do that. >> did i take my two minutes? >> okay. >> we get special pricing from hp, what we call big deal pricing, which is lower than the retail pricing like the computer land which is what the cio had emailed me saying that he did not give me any explanation as to why, but he said that they want to move in another direction and i believe that they are looking at is based in los angeles and we are local, and certified by the san francisco (inaudible) commission as a small minority business and i believe that the district gets some sort of points for using a local business. because we are (inaudible) from every school in the district. and we are based right there in the (inaudible) post office and i have been there

-cio karen nussbaum executive director working america and story from union organizer and author and let's get back to it in bangladesh where there was this building that was built by a guy who was a local rich guy and a local politician you know both in one man and five major factories were building stuff or making garments many of them for consumption in the united states in the building collapsed several hundred at least three hundred people are dead they're still there still looking couple thousand people managed to get out alive but it was a big deal but they immediately arrested him. he's in jail this guy. the five companies that were doing business they froze their assets and they're using those frozen assets to continue paying wages to the people who have lost their jobs because their factory fell apart meanwhile in west texas we have a fertilizer factory that had over one hundred tons of the stuff that tim mcveigh used to blow up the federal building illegally stored and you know they didn't bother telling anybody about it and i haven't heard about anybody being arrested i d

they become part of the afl-cio. we are the best kept secret in the progressive movement, bill. over the last 10 years we have recruited more than 3 million members. >> whoa. >> you bet >> bill: how many states? >> we have members actually in every state and every territory, but really we are strong right now but the work has been going so well that partners have said we need working america here so our labor partners all thearound the country say we need to have work in america everywhere we want it in 50 states over the next five years. we decided to take up that challenge launching it this new campaign to have an actual physical presence with an operation, organization in every one of the 50 states. >> you bet >> bill: in the next five years. so when you go to people, what is your mission? just so our listeners, our viewers, understand. is your mission to recruit them to join a union? >> no. working america is affiliated with the afl-cio and so when you join working america, you are part of the afl-cio part of the labor movement but you are not part of a union that bargains f

the problem here is not that we don't have a cio, socialist or communist -- although that would makethings quite different -- they have those things in europe. what is the problem here? let's go to the root of the problem. the problem are the corporations of america, the way we do business in america. most business in america, most goods and services are produced in something called a corporation. and in the corporation, which does the business of america, here is how the decisions are made. operations are controlled by shareholders. you get one vote for every share you own in deciding what the corporation does. not one vote per person -- that is a democratic arrangement. one vote per share. so, if you own a million shares you get a million votes. if you own no shares, that is how many votes you get. most of the workers -- and i could pick any corporation. i will pick ibm, just for illustration purposes. most of the workers and ibm has few or no shares. they have, therefore, few or no votes. most of you in this room have no shares of ibm, so you have no votes. who has the votes? they

what is the afl-cio recommending? by the way again william springs, chief economist of the afl-cio.e work at afl-cio.org. what should the program be? what are you calling for? >> after we saw the discredited of a harvard study that sort of was the underpinning of why the deficit matters and we now know that that study was total bunk. it was almost amateurishly bad. we want the conversation to switch to the job deficit because the young people of america simply are not going to be prepared and as a country, we are not going to be prepared because we are not going to have the right level of experience as we know at some point the baby boomers are going to start to retire. we have to address that now. we have a time clock that's immediate. it's three years. it's two years from now. it's immediate for some young people. 75 years, we are not going to make it for them. so we want the president talking about jobs. we want to talk about infrastructure. we want to talk about restoring our public sector, employment. we have to get our teachers back on the job. >> yeah. absolutely. get off of

america and the whole thing to have closed-door secret meetings to create legislation with the afl-cioof commerce with illegal aliens as americans we will not take that anymore we're tired of corruption and it is time to do this the right way. >> ioc corruption ice simply don't see the energy or the capacity. it looks like the american people are resigned to letting go of national sovereignty and being gamed out by politicians who frankly are not exactly overly concerned with the intellectual integrity led along the ethics of what they do in the name of the office of the senate or the house. rethink you for being here and we hope you continue your good fight. thank you. lou: go to our social media sites. lou dobbs.com and we want to hear from you. you don't trust the government so why is everybody accepting of all of this? e-mail me at lou@loudobbs.com or twi to me and the obama administration is on defense fighting off the day after the president claims he was discovered by he said that at three fund-raisers last night and congressman walden will bring his viewpoint next. thank u orvi

municipal y concejales de va vorios distrit en los Ángeles los hispanos re pre es un t presentan un ter cioel pontÍfice colocÓ las manos en esta persona enferma porque sufrÍa, rogelio mora tagle tiene la polÉmica. >>> este gesto del papa francisco la imposiciÓn de sus manos sobre la cabeza de un joven enfermo despuÉs de la misa del domingo pasado se convirtiÓ en materia de debate >>> el papa el domingo impuso las manos sobre una persona enferma invocÓ la presencia de dios, es decir, rezÓ sobre ella. eso no es ningÚn tipo de exorcismo. >>> y es que el canal televisivo dijeron que el pontÍfice intenÓo liberar al joven del poder del demonio. pero la imposiciÓn de manos dice este teo logo es un rito muy antiguo, que busca aliviar a los enfermos. >>> y es precisamente invocar la presencia de dios que a travÉs del sacerdote comunica una ayuda espiritual en primer lugar, y luego sÍ dios lo quiere tambiÉn material para sanar a esa persona >>> la oficina de prensa del vaticano seÑalÓ que el santo padre: (informaciÓn en pantalla). el sacerdote que llevÓ al enfermo ante el papa y le dijo algo al ponte

i have a meeting with the cio on june 14th, at 11 with the hp staff. and so i wanted to see if you guys could give me a good hearing after almost 7 years of working with the district. you know i think that they are trying to fix something that is not broken. but so that is from my side. so that is what i want to ask you request all of you to do that. >> did i take my two minutes? >> okay. >> we get special pricing from hp, what we call big deal pricing, which

for deaths on the job, according to a study by the afl-cio. it's followed by wyoming, montana, alaska, and arkansas. the safest states include new hampshire, rhode island, washington, connecticut and massachusetts. death tolls are prevelent in states with mining and oil industries that have more risks of injuries and illness. the study by organized labor says other worker deaths happen because undocumented workers are afraid to speak up about safety. talks are off - again - between caterpillar and the steelworkers' union in wisconsin. the union wants caterpillar to offer pay raises in its new contract. employees rejected a contract last week that froze wages for six years. talks between the two resumed wednesday but quickly ended. both the company and the union want to continue discussions, but none have been scheduled. a new study shows many homeowners are confused when it comes to their home insurance plans. insurancequotes.com finds that about half of homeowners believe costly damage from mold or earthquakes is covered when it's actually no

scombraem el dÍa que nacimos segÚn nos dicen para astrÓlogo las fecha y hora del nacimiento es ind cio segÚn dicen, y lo esto es la herencia astral, asÍ que que se lo presento. >>> lo puede haber vivido como limitaciÓn. >>> y dice llevar vida marcada por una sensaciÓn de estancamiento, para ayudarla a entender el porque la, este astrÓlogo va a remontoarse al dÍa que naciÓ, leyendo donde estaban las planetas ubicados en el momento exacto en que llegÓ al mundo. >>> es la pura configuraciÓn, esto funciona por una cosa que se llama simpatÍa cÓsmica y se basa en el principio de rina aÍi es abajo en el universo estÁ conectesado todo y yendo ese momento preciso del nacimiento tenemos una pista de cÓmo le van a afectar en la vida de la persona. >>> y para determinar la herencia astral de una persona, se ve la posiciÓn de la luna y la llamada casa diez, que se traduce en la influenza materna y posiciones de saturno, y sol y la casa cuatro, que determina la influenza paterna al igual que se de terminan planetas que estaban actuando sobre cada casa en el momento del nacimiento. >>> cada planeta p

our oversight hearing on first met, i raised some concerns about the person that is emily qualified cio having been there a couple of states now works for the federal government. she's the representative for states. it's like saying a different company will represent yours on a board because you once were there. it's not the same. and so we will watch it. i think they're running into some of the obstacles we thought they would and some of, our proposal on the house was maximize the local infrastructure that's available, assets that are available, build up from there. what ended up in the long run was more top down approach. but i think they are finding that has its own set of problems, especially when it comes to allocating costs. we have the witness from virginia who talked about the potential cost of the local fire departments that would be, i don't know, double, triple, a huge increase over existing budget and they're like i don't know how we can afford to do this. we've got to make sure they get it right. that's part of our due diligence as a committee. you don't just pass a law in

the cio losses were really an aberration but jp morgan has florished and never had a loss. >> appreciate it. up next on street signs, japan's market is on fire. but do you care? should you care? we will let you know. >> could homeownership actually be a bad thing for jobs? later on in the show, in a really long time. we are looking at the great gatsby gamble when we return. [ male announcer] surprise -- you're having triplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. >> a quick look at the markets for you. a little bit of a breather out there. we're on our third straight weekly gain. the two biggest gainers are tech names. down there in the bottom, reading to what you like. it may be a strong story for the companies and maybe globally resourcefully related. >> the bull market in bonds likel

headquarters of the afl/cio.and gold. >> john: john stossel, i want to take pictures of the lobby. i had plenty of time to think about the 12,000 active lobbyists working in washington. they are smart to be here. because washington controls so much but this union doesn't want you to see what they've got. >> i've been notified by our legal department that we're not because of the state of the mural. >> john: the estate wouldn't allow it. oh, well. the bottom line is that washington, once a sleepy part time home for politicians now resembles versailles. they work in buildings that look like palaces and after work they go home to castles. >> the property is on five acres. >> beautiful shower and his and her closets. >> it helps understand why people spend millions to win jobs here and then.... >> once people come to d.c. they never leave. >> john: that is our show. i'm john stossel. thanks f >> the president declare as re-set on the war on terror. >> our effort to dismantle terrorist organizations must continue but

they have cios and chief information security officers and fire walls and antivirus but the fact of the they're still getting through and we have exposed our defense system and have given them a tremendous advantage by providing them billions, maybe even trillions of dollars worth of research they don't have to do because they can rely on ours. >> that's the whole thing you. talk about president obama meeting with president jinping next week, and you think, how do you broach the subject? quit stealing our stuff? >> you have seen over the last few months an increasing number of public disclosures that target the chinese as being the ones that have been behind it in the past the chinese have simply said you can't attribute it to us. but with the report in february, with the pentagon's report and now with the defense report, you see it ratcheting up so there's a basis for saying you can't get out of this in the public's perception the chinese are doing that. >> we have to do more than the diplomatic thing weapon have to provide more things for our defense industry to be able to protect the

very smart decision and an agreement reached interestingly enough by the chamber of commerce and afl-cio. you had labor and business reach across the table and make hands on this. >> a lot of people are shaking hands on this. mexico wants to see it pass and the president wants to see it passed and whether the base of the republican party doesn't want to see it passed can be activated to kill it. >> thank you for coming on tonight. >>> you say the words 14 year olds and pregnant and our politics go haywire. >>> remember back in april when a federal judge ordered the obama administration to make plan b, a form of emergency contraception available to women of all ages over the counter. this after health and services secretary kathleen sebelius, hadn't been done before overruled an fda recommendation to do just that, make it available over the counter. they had until sunday and on tuesday it announced it would be lowering the age limit from 17 to 15 and making the pills available over the counter in drugstores but left wide open the question whether or not the administration would be appeali

building afl cio.nside is a secret amenity called the analyst institute. >> what is the analyst institute? >> liberal groups parties campaigns and consultants that were designed to do he knows and help democrats win elections. >> he likened it to a political manhattan project with the goal of developing political super weapons. it was first seen in a michigan governor's race 6 years ago. a couple of researchers protecting a concept called identity salience. >> they got the preelection get out the vote reminders. one of them said here's your history as a voter. here are your neighbor's vote history. >> then there was a threat. >> a threat to tell your neighbors you didn't vote. >> this increase turned out among people by 20 percent. >> the obama team recognized behavioral psychology could help them shape what voters thought and influence how they behave. it helped obama to define mitt romney. even conversations obama volunteers had with voters were very scripted. >> they said do you plan oh vote on tues

two days ago, the of the afl/cio boss: boss:how much support are you getting. >> the unions have beenis boast in terms of expressing their displeasure. they've been holding protests, in chicago the tribune company in los angeles, orlando. there will be a national day of action coordinated with all of the groups that are working on this on may 30th. the union have really been bringing their efforts to bear. oak tree capitol own 23% of the tribune company stock. they are the ones who have to decide what should happen to these papers and certainly the financial issue will be an important one but they also have a public issue here as well. >> michael: is part of your effort and the groups that are with you is part of the effort to buy a buyer that is newspaper friendly or neutral at the very least? >> we're trying to connect with groups out there. one of the groups eli broad in los angeles. one of the tricky things the tribune company has expressed a desire to sell all the papers at once. it's possible that there would be buyers who come in sand say i would like to buy the the baltimore s

with us, frank, the president and ceo of plan financial services and martin, the cio and portfolio managerrtin, starting with you, on set here with me. talk to me about the markets. you know, we saw the s&p 500 in a new high, but when will they run out of gas? >> good question. could go for awhile, b i guess the best way for us to frame it is with respect to what's going on, and that is this fact that cost of money is phony, and that is trading the roving bubbles. first, gold, gold peaked out at 19 months ago at 1900, and then the, ofcourse, bonds never been more expensive. interest rates are low, and what's happening is investors seeking yield have my grated towards stocks. it's bid up. gerri: confusing world, a new world. martin, to you -- sorry, frank, to you. martin mntioned the idea that bonds may be in a bubble. are you concerned about them? whicmarket do you like better? stocks or bonds right now? >> well, compared to the two, stocks offer more opportunity and security than fixed interest rkets with interest rates low, people are driving to the area to invest, but with the interest

so we have adopted in the national afl-cio, a position that says we protect workers and the nation by the way, the 11 elion are part of the people here and now. when you do good standard of living for a time and we want people to come in the future without risking their lives. come into this country, establish themselves and have protection as they go through the process and not have to cross the border and risk their lives, but have an open, transparent system that says except as many as we can and when the economy is not so great, will have the effect out of it. i think we could live up to our best value and who does such a way that looks to the future of this country. our needs and also acknowledges the hard work young people and what we believe in and not commit mistakes of the past. it's not like immigrants are they cheap force. we do not want to guestworker programs that will deprive them of their rights as human beings. i think we could do that. in my conversations and what i understand it's going on, the fundamentals are they are and we cannot fight extremists anyway tear that

. >> it's odd, bill, the afl-cio kind of off shoot union is in agreement with jeff sessions on this sayingdiscretion you can drive a truck through it all the discretion in the political class and none in the enforcement class. >> it's got to be tightened up. if it were tightened up to the extent that there had to be border measures that, you know, you could see and, by the way, illegal aliens flow into the u.s. has dropped a lot. >> last three months it's almost tripled in parts of texas. since january to march. it's almost tripled the big cbs report on that. >> bill: is there a reason for that? >> they are getting ready for amnesty. they think the amnesty is going to be probably passed. >> bill: pars of texas we don't have the fence and a lot of people there. >> right. >> bill: but say that the bill gets streamlined down and it's it, you know, a fairly exact thing as marco rubio wants, would you support it? >> well, that's an ambitious goal and that would be great but that's not what's happenings today for instance, bill. >> union row is staking whole political career on, this you have to

. >> it was in this office building that was home to the labor giant the afl cio. inside is a secret amenity called the analysts institute. >> what is that? >> an corporation of little groups and campaigns and consultants to do science and help democrat win leblgs. >> he like ens it to a political manhattan project with the goal of developing political super weapons. it was first seen in a michigan governor's race six years ago. a couple researchers were testing a contest called identity sail yens. >> they assigned voters to get one of the election get out the vote. here.your history as a voter and here are your neighbor's voting and then there was a threat. >> a threat to tell your neighbors you didn't vote. >> this increase turned out among the people who received it by 20 percent. >> obama recognized it could help how voters thought and behaved. a psychologist helped him define mitt romney. even the conversation obama volunteered with voters were scripted. >> do you plan to vote on tuesday? what time do you plan to vote? what will you be doing before hand? where

. >> why wouldn't partisan conflict moved to cios of capitol hill. i'm not so worried about that.a couple reasons why i think you start to see more cooperation in congress. let me say, i am not against competition and disagreement. i still want republican members of congress and democratic members of congress. what i'm trying to avoid is the extent to which partisan conflict overtakes legitimate disagreement. so there's two reasons -- at least a couple reasons why will refuse the excessive level of partisan conflict. one is now your going to have romney and obama fashioned their health care reform for immigration reform or climate change legislation and they send their own proposal to congress. now that there is a bipartisan proposal, the members of congress currently when president obama sent this partisan proposals, remember mike earnest there's this massive disaffected voters. 47 are some of the public voted for matt romney. 47% of the public doesn't think they have a voice in the white house. their instinct is to say this proposal doesn't represent my views and so their instin

according to the afl-cio, the hyatt has exhibited a broad pattern of labor abuses, including aggressivesourcing, low wages, and the mistreatment of housekeepers. hotelthe hotels worker -- workers union and the chicago teachers union have opposed nomination. chicago teachers union president karen lewis said -- by davidwe're joined moberg. his recent article is headlined, "3 troubling things to know about billionaire penny pritzker." toid moberg, welcome democracy now! what are those three troubling things? >> one of the things has to do and the anti labor record it is a record simply not up attacking labor unions -- although, there are to the prominent examples. one is this battle with the night here, where the hyatt has refused to reach an agreement with the hotel union as based on the pattern that other major hotel chains have already adopted, and it has pursued a pattern of subcontracting of work and general harsh treatment of its work force at the hotel's. in terms of another prominent pritzker waspenny one of the prime instigators of passage of a law in the state of illinois that to

office building home to the labor giant, the afl-cio.e is a secret affinity called the analyst institute. >> it's a consortium of liberal groups, parties, campaigns and consultants. >> it was designed specifically to do science in secret to help democrats win elections. >> eyes en berg likens this to a political manhattan project with the goal of developing political super weapons. it was first seen in a michigan governor's race six years ago. a couple of researchers were testing a concept called identity salients. >> they assigned the voters to get one of pre-election get out the vote reminders. one said dear peter, here's your neighbor's vote histories and then there was a threat. >> a threat to tell your neighbors you didn't vote. >> this increased turnout among the people who received it by 20%. >> the obama team recognized that behavioral psychology could help them shape what voters thought and influence how they behaved. a consortium of psychologists helped obama to define mitt r m romney. even the scripts with voters -- >> do you

by implication, he is accusing mike trumka, president of afl-cio, of being possibly a murderer. >> richards a big strike. the biggest strike in the history of the united mineworkers. in southern west virginia. a contract murder was hired to kill a strike worker. he said these union officials may have been behind this, may have been the murderers. he says the reason cecil robs is pushing for his indictment is he wants the feds to stay away from his multiple crimes. that is not the case. in all probability, blankenship will be indicted for some fairly extraordinary charges. it will blow open west virginia and the national media will look at this story the way they should have been looking at it for a long time. >> hey, lawrence, let's look at the bigger picture here. what are the takeaways you come away with after writing this book about judicial elections and the role money plays? >> well, it's -- i mean, i really think we have to look seriously at appointing justices. in switzerland, there are very few countries in the world that elect justices. a lot of people say that's jacksonian democr

bureaucratic knife fight on benghazi between state and cio or coverup? knife fight or coverup?coverup. >> harry. >> bureaucratic knife fight or coverup? >> a knife fight and a terribly pathetic xanl rated witchhunt that moved from barack obama who now has been re-eleblged to hillary clinton and today, this is important, i hope you tell them, today. >> red card, yellow card. >> the end zone. >> i got to tell you, larry, today the republican party is running new online fundraising on benghaziment we have americans dead and they're politicizing it, raising money for it. it's wrong. it's politicizing. it comes from the republicans. they changed the story 15 times. >> and the irs together. that is leak you clike you can serious allegations. now, we've talked a lot on this program about how fracking has proud an oil boom here in the u.s. do you now how much of a surge this is for the economy as a whole? it's the backbone of the economy, a tremendous job creator. it's even financing state and energy independence. on its way, we will talk to an expert and get an idea of what it will do

very smart decision and an agreement reached interestingly enough by the chamber of commerce and afl-cio. you had labor and business reach across the table and make hands on this. >> a lot of people are shaking hands on this. mexico wants to see it pass and the president wants to see it passed and whether the base of the republican party doesn't want to see it passed can be activated to kill it. >> thank you for coming on tonight. >>> you say the words 14 year olds and pregnant and our politics go highway wihe hey -- haywire. she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if y

the afl-cio respond very angrily to the amendment.y still support the bill, and butt those are the kinds of things they'll be looking for in the weeks ahead. >> ifill: briefly, what was the white house's role in this. they were pushing for the gay and lesbian portion. >> they were pushing very hard for the gay and lesbian amendment. there was an a.p. report that the white house asked leahy not to introduce it. the white house, jay carney today said he did not-- he's not aware of that conversation taking place. leahy's office says they don't talk about private discussions they have. and the white house is fighting back to that. but they-- you know, 'sade very clear that he supports the amendment as far as the politics of whether he got in there and asked for him to pull it back we're not sure. >> ifill: many steps to go. first the full senate and then the house. we'll be talking about this a lot. thank you very much, alan gomez, "usa today." we'll have more on the emerging legislation in coming days. and on our website, we take a look

think the big issue happened, if you want my honest opinion, labor and the chamber of commerce, afl-cio. that's what the gang of eight brought to the senate. and now what you see happening is the tech community kind of comes in from out of left field, as far as labor's concerned, and brings in something new and kind of blows up the deal that labor struck with chamber of commerce. so the labor movement is trying to get back into that pull position saying wait a second, we're the ones who struck the agreements with the chamber of commerce, don't blow up the deal. >> david, before we let you go, i don't really like the term "tech community." not to be a hater here. these are corporations, companies, right? they're coming in and have this new group, forward us, which zuckerberg and a bunch of other very wealthy individuals are behind and it's got a lot of rhetoric about immigration reform and what's good for the country, but most of the priorities seem to be pretty much traditional business lobbying. unpack for us where silicon valley fits in. are they different than usual corporate lobbyin

afl-cio is for it. >> a quick break. i'm going to repeat the question. do you block this legislation this year or not? >> well, it's difficult to -- i think if people read the bill, that it will be blocked because once you get into it, just like obama care, it is not what -- the way it's being advertised. >> got to take a quick break. >>> warren buffett up next. the world's best investor weighs in on the record-breaking stock market, washington dysfunction, and why women are the key to the economy. we're back in just 60 seconds. [ male announcer ] we're all on a journey to financial independence. ♪ whether you're just beginning the journey... ♪ ...starting a family... ♪ ...or entering a new chapter of your life. while the journey is yours, pacific life can help you protect and grow the assets you'll need along the way. to learn how, visit pacificlife.com. pacific life. the power to help you succeed. the world needs more energy. where's it going to come from? ♪ that's why right here, in australia, chevron is building one of the biggest natural gas project

meanwhile, the afl-cio putting out a very interesting video yesterday.hose of us who live here in washington, fans of the washington nationals are no love with bryce harmper because he is a homerun-hitting king of the nationals. i don't know how many he has hit so far. >> a handful so far this season. >> i remember one in the first game. he had two. >> he is what? 20 years old? we found out pricebryce harper's deaths is an iron worker. >> my dad worked rebar. to watch him get up every single morning going into work working hard, i think that made me want to work that hard. and go for a run and go get my luzons or extra hitting in and try to better myself every day. >> there it is that work ethic, get up, work hard watch them every day. his dad, ron harper, iron worker out in las vegas, i believe, so we sat ute the iron workers and certainly thank them again for their support and their sponsorship along with many other laborun years of the "full-court press" and "the bill press show." when we come back we love to do this every -- i'm sorry. no. >> let's d

because as the president said, it's the chamber of commerce, it's the afl-cio.s people that understand that infrastructure is an investment. you spend money to build better infrastructure. we used to leave -- we always led the world in water and sewer and bridges and community colleges and ports and in heart bo boars and all of that. you invest money in that now, it creates trades jobs, create manufacturing jobs and it builds a foundation for long-term economic growth. i mean, we were the -- we had the best infrastructure in the world in the 50s and 60s and 70s and 80s and as a result, we had the most prosperous country in the world and they're related >> that just brings up, what kind of country are we going to leave our kids? we're going to leave them a rag tack operation that simply does not fix anything. i guarantee you, i guarantee you, people are going to cross bridges in the next five years and they're going to die in america. that's how dire this situation subpoe is. and in your state of ohio, there's some pretty tough numbers there, because the federal

joining me now, chris with global financial capital cio. hi, chris, nice to see you. surprise me that your two picks are technology picks, but it surprises me they're two sort of old school names. let's get to the first one, and that is intel. >> intel is absolutely super cheap. it's got a great yield. people don't understand that the foundry business is absolutely the best in the world. they already are into the mobile side. they're kind of playing, i would say, the destroyed and google off -- droid and google off against apple. so it should be an interesting battle. they've got execution risk, but you have to look them at these prices. liz: they are the smartest guys when they come to energy-sipping chips. that's what everybody needs, because they complain that the iphone burns out too quickly. some people say they're late to the mobile game. >> yes. there's no question, they have been late to the mobile game, but i think that their efficiency is going to allow them to participate, particularly if google and droid give them the nod to be contempt in their phones. li

>> there's an organization called the afl-cio.re that doesn't happen. >> immigration quotas in this country long before there was in government. >> senator dick durbin you know well and he often has been aligned with the afl-cio. i think it's fine they go through certain tests to be citizens. we are going to have border security much better this time. i think i'm okay with that. good stuff. steve? >> coming. are you ir-ate over the irs? calling for an investigation saying the response is too little too late. we choose to charles boustany in just a bit. >>> still to come, cisco ceo, the future of tech, quarterly results and his view of the economy at 8:40 a.m. eastern time right here on "squawk box". ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> coming up, more on the markets. a ton of data still ahead, including jobless claims. plus, irs under fire. congressman charles boustany. and john chambers to discuss earnings and tech. that is an interview you c

frank holmes is ceo and cio of u.s.investors and he believes sometimes you need to go where there's the most pain to get the biggest gain. frank, you're experiencing a lot of pain right now. your fund is also experiencing a lot of pain right now. so what do you see here that others aren't? >> well, i think that you take a look at gold stocks on a mathematical basis. what they call the death cross. when the 50-day goes below the 200 day. we like to go back the past ten years for gold stocks it's happened ten times. on average it takes about 90 days before you get a turn. and they fall 16%. this has even been more severe and has fallen with what we like to say stukt statistically two standard deviations. the odds favor based on historical data for the past ten years that we're close to a bottom. then we like to look at the seasonal pattern to gold with you, a very defined 35-year seasonal pattern. and the bottom for gold is between may and july. and sometimes it's in may. sometimes it's in july or june. and we're coming t