>> cisco scare? the stock tumbled the worst dive in almost three years after a warning of softening demand. does this help plan to turn things around? >> and walmart woes, the world's largest retailer rolls the annual profit, offering a glimpse into how americans feel about economic well being. we have that and more for "nightly business report" for this thursday, november 14th. >>> good evening everyone. i'm susie gharib. >> fixing the affordable care act. the president said today he will now allow insurers to extend their cancelled health care policies for one year, maybe even longer, even if the coverage falls short of the new federal minimum standards. speaking to reporters at the white house today, mr. obama admitted administration botched the rollout of the health care law and said he regretted his assurances that americans could keep plans if they liked it, that turned out to be wrong. >> i think it's legitimate for them to expect me to have to win back some credibility on this health care law

that's really the key to cisco right now. the earnings is good, but the investor focus is on that top line. and macro economic issues in there, i'm sure, but also an issue of the company needs to keep on top of trends like the cloud better than what they've been able to do. >> what do they need to do? i mean, the cloud -- i keep hearing this. this is the issue. are they not positioned well enough for the cloud? >> well, it is a challenge because, as -- as the market moves to cloud technologies, you just get better utilization out of hardware-like networks and servers. and cisco needs to transition to more of an application-centric company. i think they recognize that. but i think investors really need to see them prove it before they're going to give them a lot of credit for making -- for making that transition to more of a software-centric company. >> real quick. the stock is at 23 .42 right here. bottom line, would you buy the stock at this level or sell it? >> you know, we're at a market perform. i think -- i would look fo

you have to start with cisco.>> we should note record day on wall street for the dow and s&p. highest ever. it wasn't weighed down by cisco systems. cisco was down 10% today. came out with numbers. the profit dropped. took down hewlett-packard along with them. they had charges tied to job cuts and recent acquisition that weighed on the numbers. >> weighed on their numbers. a week after its ipo, twitter is posting gains today. >> despite the shorts being able to get in there, twitter on a move, 6% to the upside. 45.23 is where it is closing. around that level. david: nicole, stocks moved higher than apple today. it is such a widely-held stock but when you have a move that looks like a move of conviction you have to ask why. what is the reason? >> there was a survey done by canaccord, it is by far the top selling smartphone, iphone 5s. great news there. the gold 5 s still in short supply. liz: solarcity. we have the ceo coming up in a fox business exclusive. this stock climbing after first announcing the solar bond

look at the on-screen, deere versus cisco. 1999, you buy cisco.-- >> right. >> john deere only triples sales. it's a four-bagger on deere, and you lose 50% on your money. the social media stocks, my prediction is, the next five to ten years, you make nothing and probably lose a lot. >> this is an incredibly interesting chart, because, andrew, a lot of people reporting last night, cisco, at a time when people are valuing businesses on revenues, and you heard martin franklin say it, buying on free cash flow yield, what's the performance, the cisco versus deere, past 13 years. >> four bagger, cisco you lost 15%, and they quadrupled. >> you have 53 there. >> it was above 100 -- >> is this tech at large? do you believe this of tech across the board, or social stuff? >> no, no, no. we look at -- we differentiate freak -- we're talking social media. you talk about free cash flow. cisco is getting down now to a point whereas probably getting real interesting. now they're overreacting to the latest quarter. everybody in it now. 80% of the trades is electro

we're talking cisco. second best performer so far this month, trailing microsoft by just a whisker. let's bring in numura and grady, who gives cisco three out of five stars. stewart jeffrey your bull case for the company. >> cisco tends to be pretty early cycle stock. we're looking for improvements neck year for cisco to be one of the first companies to experience that. a bit of trading opportunity into next calendar year. we've got this overhang on the multiples trading about 11 times earnings, the broader markets at over 14 times and we think much is due to this technological shift toward software defined networking and, of course, cisco has bnt king of hardware based networking. number of new products in the past week and few months and we think they've -- sort of hijacking the conversation quite well away from low-cost boxes towards really adding productive and saving significant it employee costs. over the next 12 months you'll see that come through and people will get, you know, bit more relaxed abo

cisco 12 times earnings. i remember when cisco came out trading at 200. now when i want to buy it 12 times earnings. sales are up. earnings are up. their profit margin is still 20%. 20 cents on every dollar they bring in. their inventory turnover two times the industry, 12 times. the stock to get back where it was at the high, 24% return. >> it dump ed a pail of water n investors. why take the risk. >> risk of buying cisco? >> yeah. >> because you're getting such good value for buying cisco now versus these higher flyers and stuff because you're paying for things in the future. with cisco we know what will happen. cisco won't double in price in the next two or three months but if i buy cisco today around 22 or so and a year from no, it's at 25, 26, that's 20% plus return. >> you're counting on sales in a big way to turn around. they were do u7b% in russia. you're really counting on a turn around. >> turn around too. when you look at the earnings going forward they are increase. not decreasing. their earnings are increase. the street doesn't get that becau

and cisco in the emerging world and they are terrified to use the word and say so cisco c.e.o. john chambers had a euphemism for it during the first quarter earnings call the quote challenging political dynamics in that country that country being china it was in between the lines everywhere but never once to chambers or anyone else on his team mouth the acronym and as a see the mistake that obama and bush and clinton made is that they didn't give the american people a cut of the crimes that they were committing they just took all they got creating if the american people all have been benefiting in some way from the global rate of financial terrorism that obama is involved with and bush was involved with think clinton was involved but they might not be so happy to embrace something like bitcoin which gives the big f.-u. to everybody who's at the n.s.a. the cia and all those various spy agencies and there are equivocator who say well everyone is spying or you've got nothing to fear if you've got nothing to hide the bitcoin community say you know what we're just going to buy bitco

and cisco in the emerging world and they are terrified to use the word and say so cisco c.e.o. john chambers had a euphemism for it during the first quarter earnings call the quote challenging political dynamics in that country that country being china it was in between the lines everywhere but never once to chambers or anyone else on his team mouth the acronym and as a see the mistake that obama and bush and clinton made is that they didn't give the american people a cut of the crimes that they are committing they just took all they got greedy if the american people all had been benefiting in some way from the global rate of financial terrorism that obama is involved with and bush was involved with think clinton was involved but they might not be so happy to embrace something like bitcoin which gives the big f.-u. to everybody who's at the n.s.a. the cia and all those various spy agencies and there are equivocator who say well everyone is spying or you've got nothing to fear if you've got nothing to hide the bitcoin community say you know what we're just going to buy a big coi

we wait for more from cisco. janet yellen begins her testimony tomorrow. >> this retail story is interesting. jcpenney beating on the upside, macy's. also cisco, earnings are due out one hour from now. we'll talk to the ceo, john chambers, joining me exclusively before he meets with analysts. cisco's spending and the global economy. you'll get it here first. >> while the stock market enters an all-near high, the bit coin continues to set new records. what would a day be without a bitcoin story. it's around $40 0. reports are china is helping to fuel this phenomenon, whatever the phenomenon is. the answer is -- is why they're increasing demand. the answer to the question will be raising eyebrows along with the price of the bitcoin. a full report coming up. >> but where's the money? trading floor buzzing, meanwhile, because mike tyson is on his way over here. the controversial heavyweight champ will be here on the "closing bell" set for an interview about his rise, fall and now his rise again. i'm excited about thi

cisco sales fell sharply in after hours trading. the dow earned .53 a share excludeing items and two cents better but revenue that topped $12 billion was $330 million less than expected. josh lipton joins us now from silicon valley. josh, as you look through the numbers, what's the one take away from investors from the cisco report? >> as you pointed out, cisco is getting hit hard here in the after hours, it's dragging some rivals down with it, missed on sales, you also saw a disappointing guide. one number that did strike me through the release was the decision to boost it's buy back by a big $15 billion. remember, the company had authorized up to 82 billion in stock repurchases. when you talk to cisco bulls, the analysts will bring it up. it's a big part of the thesis, they believe they will see bigger buybacks but tonight in the after hours, traders and investors are focused on the miss in the top line and a disappointing guidance. >> we'll see what happens in trading tomorrow with cisco stock and we'll count on you to fill us in

cisco is a good company. >> who made the more compelling argument, simon baker? >> i have to go with pete. this reminds me a lot of oracle, everyone piled on and said sell. but longer term, a good buy. i have to go with pete on this one. >> really? anthony, you want to weigh in? >> well, it's like partying like it's 1995. it's an older business model, but the fundamentals are there. and at some point, they'll unleash the value. >> the fundamentals are terrible, and the difference between this and oracle, simon, is oracle was able to grow. >> -- three on one right now, but you feel like you're -- [ overlapping speakers ] >> i don't really care. i'm not short the stock. you could buy almost any other tech name and have a better return. >> josh, the nice thing, the guidance is set so low, any beat, the stock goes up. >> and yet they continue to disappoint just about every quarter they report. it's marvelous. i've never seen anything quite like it. >> we heard so many times from the guys who fought against microsoft, and look at the stock in the performance this year

cisco is a good company. >> who made the more compelling argument, simon baker? >> i have to go with pete. this reminds me a lot of oracle, everyone piled on and said sell. but longer term, a good buy. i have to go with pete on this one. >> really? anthony, you want to weigh in? >> well, it's like partying like it's 1995. it's an older business model,

next on fast. >> take a look at the cisco systems valuing. this of course on the back of a disappointment in the revenue. the eps guidance coming in much lighter than expected and it is the sales growth. throughout the hour. an industrial accident reported in california. st t stock did react. phil? >> melissa, it was a wild last hour. take a look at what happened to shares once there was a report of fire trucks at the tesla plan. then it did come back once it was clear that this was an industrial accident. what exactly happened? there were three workers that were injured when hot metal in a casting press got on to workers and they got burned. tesla is gradually increasing model s production. they currently build 550 model s vehicles a week. i don't have to tell you guys that with a momentum stock like tesla these days you're going to see a quick reaction. the stock trading now under $140 a share. this was not a fire today guys. >> phil lebeau, thanks so much for that. we were talking about this just yesterday. how the stock was setting up and

the question is, how bright is cisco's future.nalysts say the cloud is an obvious threat but that cisco is making moves to adapt its portfolio and the tech bellwether has the potential to return more to shareholders. back to you. >> josh, thank you. >>> and mr. chambers, the ceo of cisco, will be on "closing bell" today to discuss the company's latest earnings and also give us the outlook for cisco. >>> ty, up to you. >> do you want to invest like a billionaire? might have a chance but should you, robert frank? >> sounds like the latest get rich scheme, invest like warren buffett, carl icahn and dan loeb and get rich too. crazy right? we'll show you a chart that may just change your mind coming up after the break. get paid to do somethingpled you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't th

con trarn call today, cisco clocking in after guidance sent investors into full on sell mode. investors say now is the time to buy. and the truth about trulia. we're going straight to the source with the ceo of trulia to separate fact from fiction. let's get straight to our top story tonight and it is housing. stocks across the board getting a pop after the dovish comments from the woman expected to be the next chair of the federal reserve. >> we expect to maintain a highly accommodative monetary policy for sometime to come there after. you would not see stock prices in territory that suggests conditions. these purchases have made a meaningful contribution to economic growth and to improving the outlook. we have seen interest rates f l fall. >> so rates low or longer? there is still a boost to be had from low rates. she also said that the benefits outweigh the risks. my favorite one and we have talked about this for a while is mhk. another all time high. 17, 18 times forward earnings. maybe it is getting a little bit stretched. >> rsh bottom line it's going to accommodate long

we've seen a lot and saw them with cisco? >> well the answer is it depend. with cisco a top line miss because services were stronger and higher margin and hardware is weaker i'm okay with that they're moving from hardware is low margin. the service business is high margin. that could be, i don't know the details, obviously they're coming out, but i could envision top line a little weak where the earnings are stronger. that could be a more profitable mix which could be a big thing. liz: cisco announce ad $15 billion increase what was always a really strong stock repurchase program. they're increasing stock repurchase program. that usually tend to juice the stock a bit, right, todd? not in this case at the moment. >> eventually over time it will probably juice the stock for sure. they are buying back their own stock. they have to pay for it. the bottom line to disagree with scott here. doesn't matter how they're missing they're still missing top line. they still can't put more people back to work. that's a problem. growth is really a problem. david: scott, let

the question is, how bright is cisco's future? analysts say the cloud is an obvious threat, but cisco is making moves to adapt its portfolio, and the tech bellwether has the potential to return a lot more cash to shareholders. chambers has reportedly indicated that he could step aside as ceo as soon as next year. scott, back to you. >> all right, josh, thank you so much. josh lipton for us out on the west coast. pete, you trading cisco? >> i am. i like it. i think the name is going higher. they've had great performance. when you look at the sector they basically are building themselves into, scott -- and you're talking about the virtualization and security as well as the network itself -- i think that there's plenty of upside room here. now, the government issues, that's something he'll have to deal with, not just this past quarter but going forward in some of the projections for cisco. because they're so dependent, and so many clouds on the horizon there. but the stock is still too cheap. >> yeah. so it's down 10% from last quart

i don't think cisco is going away.f it does get down to richard's target of 17, that's 8.5 times earnings. i would be backing up the truck at that point. >> all right, guys. good debate here. very disagreement there between the technicals and the fundamentals, but that's what makes the market, everybody. thank you. >>> up next, the brewing battle in the coffee wars. mcdonaldcdonald's saying it's g be all in to be the next king. will dunkin' and starbucks get roasted? >>> we find it a little bit funny. a very special guest will join us for a dramatic reading of the best bank bashing tweets. but before we do that, bill griffeth, you are not our special guest, says but you're on right now to tell us what's coming up on "closing bell." >> somehow i got caught up with that ask jpm controversy as well. that's for another day. conventional wisdom says that the fed has fueled this historic rally in stocks, but a new study just out finds no evidence to support that. we've got the study's co-author to explain why. plus, dennis g

cisco i a huge come. it's not the main causef cio's woes but the company did say the nsapying scandal has hurt sales of cisco equipments as foreigners are not trusting american devices. is about to testif to a senate commite as part of her nomition to head the fed. we do expect the senate to confirm her. sheould become the first woman fed chr. peop care less about her gender and f more about her monetary policy and it's quite soft. we have ten a look at her dr. yell be said hh unployment, low inflaon means the fed has more work to do and by work she mea pouring money into the economy. what does it mean for you? easy money policy means generally interest rates stay low. it a complex relaonship. we'll take tt on faith. easy mey meanshe dollar ays weak, american exports could be stronger, good for deficit but jon and laur bad for oil prices. 's gng to take more dollars to buy a barrel. it's bad news for europe which is suffering its own recession now, as americ dollars are cheap a our products are cheaper, t

cisco is warning that second quarter revenues will drop 8% to 10%. the ceo john chambers says orders the company expected to land in october never materialized, especially in emerging markets, such as brazil, india, mexico and china. customers appear to be spooked about inconsistent numbers about the global economy. >> it isn't just high tech. it's consumer companies of our customers, the people who sell into brazil or sell in an india or manufacturing who sells in those areas. what you're seeing is the gdp slowed. and as they've slowed, and you and others have talked about it for almost six months, then confidence begin toes drop. if they're looking for the u.s. to lead them out of this scenario, clearly the last month or two has not instill a lot of confidence. >> cisco as a result down nearly 10% in after hours. similar falls right now in frankfurt. >>> inflation in india continues to soar past expectations, thanks to rising fuel and fuel prices. the benchmark price index jumped by 7% in october, an eight-month high, and a substantial rise from th

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we're going to begin with cisco systems moving lower. also as its first quarter sales came in about $300 million below consensus forecast. to make matters worse, the networking equipment company warned of an 8% to 10% drop in second quarter sales because of weak demand in the emerging markets. now, department store retailer kohl's to the downside after posting weaker than expected third quarter earnings and sales. same store sales were down 1.6% from the same time last year. hue lewlett-packard lost ground after it halted sales of chromebook 11. two companies making their debut on wall street a successful one. tandem diabetes care soared. and the textbook publisher emerging from bankruptcy last year now public and to the upside. maria and bill, back over to you guys. >>> we're in the final stretch of trading. we've got the market higher, in record territory, with about 50 minutes before the closing bell. dow industrial up 47 points. >>> president obama saying now you can really keep your health care plan if you like it. but insurance com

. >> silver cisco food trucks. tonight, cisco foods is under investigation by the chp after we uncovered records showing the company could be putting public safety at risk. >> drivers are logging too many hours behind the wheel. it's a regulation to keep tired drivers off the roads. they're not supposed to drive more than one 16-hour shift a week. but cisco reveals that's not the case for dozens of drivers here in the bay area. we reviewed seven months of cisco logs for 150 drivers. we found more than 200 violations where drivers logged more than one 16-hour shift in a week period. former cisco drivers say the company is putting profits ahead of safety. >> they're trying to get over on the system. >> if their over hours that can create a hazard and a concern to everyone out there. >> the company says they have an exemplary federal record. we investigate tonight at 11:00. >> now for a follow-up and a big thank you. the holiday food drive collected 60,000 bags of food for local needy families this week. they were at

cisco notwithstanding. so it may be a little bit of a misreading of why markets are strong in light of her dovishness. bond markets, i think, are another discussion. >> so you're saying that corporate america is is doing well and that's why this market is going up. >> corporate america is doing perfectly okay. relative to almost anywhere else in the world perfectly okay is good. >> dick, what do you think? you want to be invested in equities here? did you learn anything from yellen? >> i think she did exactly what we wanted her to do. the momentum that we have today in the economy i think is understated. she's going to continue to suggest to investors and to try to build confidence that her activities to support the momentum that we've had will continue. i think ultimately, what that's going to mean is that you're going to see money continue to flow into equities all over the world. as confidence builds. and ultimately as we enter into this third phase of this great bull market that we've been in, you're go

cisco was there taking victory laps. you're taking on the big dog, cisco?re doing since we founded the company 20 years ago. we do it with really strong technology. liz: you know what they will do? they will try to acquire you. >> that will be a great. we all have a price. but at the moment we found niches where our technology differentiation is valued by the customer and sometimes they don't always want to deal with the big dog because they get better customer service and support for us. the combination makes us the fourth largest vendor in the market. liz: the stock is outperforming cisco. i'm sure that makes you very happy. you're not one of these this, is not a slam, this is compliment, one of these younger whippersnappers seeing running companies with no profits. you have experience. you have were at sun microsystems. i love the resume'. >> not so long ago. liz: back when steve jobs was there. >> it was the first time steve jobs was there. liz: what did you learn from him and the way he operated? >> incredibly intense passion and focus and, always dema

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but, of course, 's a good listener too. [ female announcer ] today cisco is connecting the internet ofg. so everything works like never before. neil: earmarks is like a dirty word in washington and it seems everyone wants in on during special favors for the constituents in washington. even when they cracked down on a come if of you ever wonder whether they will actually return the money? these next gentlemen are doing just that. the agriculture commission, welcome to both of you. can you tell me what is going on here? >> we are turning money back in. 1.3 million in total. >> we are really excited, we shut down the department of agriculture fuel testing. we shut that down and we have privatizes services and we have eliminated the employees that were working there. and there was an earmark for $1.6 million instruct the lab and we optioned this equipment only privatize the government service. and hopefully this will be replicated all over the united states. >> the question is that though they get back to taxpayers or the money they are saving on a product? >> it was a project when we went

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cisco shares blue,ing. extendeed trading following weaker than expected earnings, and company's revenue could decline as much as 10%. >> federal reserve chairman said that labor market and economy are performing far show for must improve before the fed will reduce its asset purchases. we'rcoming right back. stay with us. >> glitch girl ha has been foun, she was the face of the obamacare train rec. by the way, she is not enrolled. what washington needs to do to fix this train wreck. (vo) our new planes don't fly any faster. but it sure feels that way. because with power ports... and wi-fi... and in-seat entertainment, for everyone on board, now when you fly, time flies too. (flight attendant) sir, we're about to land. (vo) we're adding a brand new plane, with all this, every week. it's just one way we're building the new american. there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. go

cisco foods, the largest food distributor in all of america this morning, the company right now under investigation by the chp. it is coming after the investigative unit uncovered internal records showing big rig drivers just logging too many hours behind the wheel. federal law limits the number of hours drivers can work to keep tired drivers off the road. insiders, they tell us, the company is now putting process ahead of safety. >> cutting corners. i was trying to get over on the system. always trying to find a way around it. that way we can get the most out of the drivers. >> they can create a hazard and a concern to everybody out there. >> well, cisco says the company right now is extremely focused on safety and has an exetch lear inspection record. tonight at 11:00 the investigative unit shows us just how often cisco's drivers have logged dangerously long days and how it went undetected by law enforcement. that story is coming up tonight at 11:00. >>> we move on to business and tech now. many of you will hit the stores friday or maybe even late thursday night. >> that's right. di

. >> many flights between san for cisco and l.a.or council yes they do to the shooting people were left stranded and waiting for their flights to get reid booked. >> one fight has been counsel from san francisco to the las angeles airport in the fight was at 6:45 a.m. this morning. >> one couple drove two hours this morning just to get to 7 cisco airport. >> " we found our flight into laws and laws had been counsel so we are stranded here with all of these bags in " >> so far this morning only one departing flight to los angeles has been counsel appeared >> three other flights have been counsel from san francisco to a loss angelo's this before noon today. >> please check your flights before you come out to the airport to make sure that your flights have not been cancelled or delayed please plan ahead. it >> the time now is 7:34 a.m. this morning. >> certainly coli or the weekend as we start the work week. like we can see a foggy start in some areas. >> temperatures are on the chilly side the upper '30's right now in santa rosa and n

stay with cramer. >>> you've got to give it to john chambers, the longtime chairman and ceo of cisco.ced me that his company may deserve the benefit of the doubt, he comes out with horrendous guidance. caused my charitable trust to take a hit as i showed way too much faith in this man and his company. i believed in him, i was wrong. as much as chambers is to blame, it wasn't all his fault. if you listen to the cisco -- you should listen to it especially if you want to hear a combination late stage tom landry meets the waning hours of willie mays, consider these hideous declines in cisco's business. brazil minus 25%, mexico minus 18%, india minus 18%, china minus 18%, russia minus 30%. this is nothing short of amazing. amazingly bad. of course chambers, who is stuck in the neverending wait until next year mode, says he expects to see return to growth within a few quarters. you can choose for yourself whether you believe it or not. i don't. not for a moment am i excusing chambers. you don't get that downturn without pushing the wrong product to the wrong people on the wrong days of the

after they reported, you look at the market up and cisco made commentary about global demand, global and demand being weak. it's amazing to see the market actually and the strength of the market, you know, after comments like that from a global tech leader. >> it was up yesterday. nasdaq was up yesterday. >> exactly. i mean, that's my point. so, you hear commentary like that. and in the face of that commentary, this market is still going up. it's a very, very powerful sign. >> if that would that happened six years ago, cisco down 11%, the nasdaq would have been down 3%. but because you have new techs, priceline, amazons, those other stocks in that group, groupon and linkedin, they advanced yesterday and put the nasdaq into positive territory. >> david, let me ask you where the conviction is on that trading desk. you're seeing the flows, so where is the money going? >> security software and internet names. we're seeing them across the board. again, that's the performance-chasing space. that's where people are looking for that extra dig into the end of the year. we're seeing a tremendo

obviously, we've had negative reports from cisco and ibm recently.he day, we have of a neutral rating on hp. i do think the stock, you know, probably if anything, is going to come in because we think that the margins are going to be pretty important going forward. and, you know, those just weren't impressive in our view. liz: we were pointing out that the annual low was around $12 and change, so it has come a long ways, certainly. does the cash dividend that it's declared of 14 cents and change, does that, does that attract people to the stock in any way, shape or form? >> no, i don't think so. i mean, if you want to have a company with a higher dividend yield, you know, we would suggest apple or cisco within our coverage universe. from that standpoint, if you're looking for yield. david: you know, apple, it's interesting you mention that, because a lot of people look at hewlett-packard and say there's no customer relevance. apple users still think they need apple when new products come out. you don't have that same sense of need on the part of custo

i always loved sanford cisco in college, and i just wanted to try it out. i started working in economic development policy. i was a community organizer for six years. i worked with young people, parents, and families around issues that concern our neighborhoods, whether it was improving muni lines, affordable housing, public schools, or just planning issues in neighborhoods. we just had a hearing last week, and we are trying to do some work around bedbug enforcement, which is a major issue in the tenderloin and of hill and 63. a hearing will actually be on thursday, april 7, 10:30. we're doing our first hearing on pedestrian safety. i think public safety is a huge concern. it ranges from both low-level crimes to pedestrian safety, and so that is a really important issue to me. we are probably more than double what every other district has. and that are preventable. and we can do better. district 6 is one -- home to one of the most diverse constituencies. we have the poorest residents in san francisco. we have lgbt. we have immigrants, people of color, youth

so everyone goes home happy. [ female announcer ] today, cisco is connecting the internet of everythingl documented. a lot of attention has been paid to a history of spectacular mismanagement and corruption. detroit is hardly alone in this. koch era in new york, we forget too soon, was a cesspit of mob influence and corruption. they wrote the book. but detroit differs in that its scandals seem so comically lurid, so surright less tickly squalid. kwame patrick is currently serving time in the jupg for should have his he is hail layer yusly bent behaviors. through it all one man seems to be going on. adolf mago. he's seen it all. >> i know what i'm having but i'd love a beer. >> miller, miller lite? >> it is a discounted place, man. i thought you drank, man are you you drinking beer? >> what are you drinking? >> i'll have -- i'll have what he -- fold under pressure. then i'll think about it a burger down the way. you having something to eat? >> i'm eating. >> all right, i'll hold back. i will stick with this -- >> i'll get you your drink and you can decide. >> thank you. >> i have to ask,

on the downside, cisco and intel.ome depot and boeing despite the union rejecting that eight-year contract offer. nicole petallides now at the new york stock exchange looking at some retail names. >> reporter: indeed. taking a look at dillards up 1.7% at 91.13. dds. but you can see what a great move for dillards which is a winner year to date. one of the department stores that's more modestly priced, they compete against macy's and jcpenney. but what's interesting is that the ceo said they saw same-store sales improving, but the margins were a little squeezed. the other thing, this is good news, 13 straight quarters of same-store sales gains for dillards? hey, a quick look here at kohl's. they saw a drop in profit and revenue, so that was not as good, and it's a big loser in the s&p 500, but it's certainly worth watching these two names and, hey, just so you know, don't go to dillards on turkey day, on thanksgiving day, they will not be open like many of the other retailers. back to you. tracy: good to know. i, for on

cisco. tomorrow starts here. so i deserve a small business credit card with amazing rewards.one, i get 2% cash back on ery purchase, every day. i break my back around here. finally soone's recognizing me with unlimited rewards! meetings start at 11, cindy. [ male announcer get the spark business card from capital one. choose 2% cash back or double miles on every purchase, every d. what's in your wallet? i need your timesheets, larry! let's keep on going. we have the blitz here. gary, you say that mcdonald's. it's time to buy mcdonald's and assistant theater in the right direction? >> absolutely, this gets over to 70% of its revenues from the drive there. >> i think it's a great stop no matter what. >> they are talking of overhaul menu items. any go to the next one, where, you know, you get this stuff, it's in the third one is coming here is what you screwed up. >> that is exactly what it is supposed to be. and so that is out of the third window and $3 million, spending it to get it together to get this right. >> you're talking about three to 6% of overall revenues and don't f

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