let's listen and react on the other side. >> right now, it's commodities, believe it or not. >> commoditiesities are so out of favor. oil is something you've got to watch. i think there will be a recovery in oil. >> agree? disagree? >> i think it's a tough call. i think you could have made the same call, we look at hedge funds and don't invest in them and they haven't made money in four or five years and so many have folded. you could have called the bottom in commodities, jim rogers has, how many times has he called it, it's a tough one to make. you need a strong china and they're going towards a consumer consumption than infrastructure build so they will bottom at some point. i don't think you have to play the bottom or try to pick the bottom. >> if i can add two things for people who weren't following this the crb index the measure of commodities is as low as it's been dating back to 2009. crisis era lows in commodity prices in general. taking a step back from this, the idea that you would play commodities is largely a derivative of the dollar trade at this point. if you think the dollar

decoding the commodities space. we continue our conversation with goldman's jeff currie what the action in the metals markets means in the economy and trading tesla's car upgrade. don't miss musk's plans for the model s and where the traders stand on that stock. it's all coming up on the half. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> a look at crude intraday and taking another beating today down almost 5%. before we move on quickly, jeff, what do you make of the fact that some of the best and brightest investors around can't seem to get their arms around where this is really going? kate reported on andy haul, maybe saying yesterday i got too bullish too soon on where prices could go

there is a commodity conference at bloomberg today.n us to talk about commodities in brazil and china. it was an abrupt changing of the guard in saudi arabia. the old and aged are out. the new royalty is in. it is profound for domestic relations and just as profound for opec. james stavridis. helima croft. as a doctor in economic history at the university of harold james. who is harold james? helima: he wrote "the history of the imf." tom: what did he tell you about saudi arabia? we all read our history of saudi arabia. get away from peter o'toole and omar sharif. [laughter] helima: it is not germany, it is not europe. the question of having to make that social contract with your population is so enormously important. as saudi look set oil policy they are looking out over the next decade and saying, we have to maintain the social contract. what is the best policy to maximize that? tom: the distinction here -- abu dhabi and dubai, it is literally a tribal distance of 100 miles or so -- it is the same in riyadh. these are collective trib

and the commodity fund another london based player that looks at metals and soft commodities as wells energy has had trouble so far this year navigating the current landscape. armgarro's shares are down 6.5% through the first quarter according to hedge fund reports. it's not clear on what their strategy is but they look at technicals and also more fundamental factors. >> it's interesting, let's now, kate, you stick around, we will bring in one of the best energy investors around, christian zann a partner and portfolio manager with chicago-based balyasny asset management they have more than $8 billion under management, christian overseas about 3 billion of that, up 20% in his energy fund in 2014. he's here now in a cnbc exclusive. thanks for coming in. great to welcome you to the network. what do you think? we've had this debate. there are a lot of voices trying to figure out where it's going, have we bottomed or not? >> before, i do want to say what we do exactly we run market neutral oil neutral query in the energy space. we try to stay oil neutral. our job is to find areas where we

the commodity trade like a month ago. >> exactly. on the idea that you'd have some kind of relative value move which tim is talking about, that they are so beaten up that if there is still this cash out there, it's going to be looking for a home. that's one place. i actually thought a month ago the fed would talk the dollar down, so i guess i was early but that was wrong. now the fed is talking that dollar down. but, you know, tim has talked about emerging markets. he's been talking about that breakout for a while. the other side of that is as commodities go up and as oil goes up, some of the developed markets that have done very well on weak oil might have a tough time. i'm thinking japan, those of you in dxj might have a tough time and even europe as well might have a tough time. but japan sticks out to me. at least take some profit approximates. >> because they have to import most of their oil. >> so they're very exposed to that. >> at the same time we have the opec report saying production in the u.s. would peak in the first half

on the commodities side, you are seeing oil in the commodities and china reduce reserve rate requirements added liquidity and commodities got a small -- got smaller the copper side. 0.3%. and bhp this. do i have my yuan> a look. what comes next for china? will they go for more stimulus? will they go for another? that is the dollar-you one -- yuan. what is next? johnny. jonathan: the ftse 100 is up 0.6%. gains across much of your. manus said we have to go straight to beijing. they stepped up stimulus for reserve bank requirements. they want a reduction in the reserve rate to allow banks to use the landing. let's get to bloomberg intelligence chief economist, tom. let's talk about the motivation. i am looking at the house prices over the weekend. anything to do with what is going on here? reporter: i think house prices are part of it. there really 2 big factors the central-bank is thinking about. firstly four years, china has had capital inflows and investors betting on an economy and rising currency into the country. the central bank has had to raise the ratio for the liquidity. now, these

normally with a stronger greenback, it drives the commodities lower. should we make a big deal out of this or is this a short covering here? >> i think the one thing we talked about, i think it's a short covering trade. i think there's more room to that. it's obviously telling us that when it doesn't care what direction the dollar is moving. i think guys have to reposition in energy. you're seeing that. it's probably going to last a little bit longer but not indefinitely. >> i hear that, but how do you explain then also the dollar's going higher and other commodities, the crb's also up during this last few days. emerging markets and emerging market fx and crosses have done very well. emerging markets totally outperformed. this should be a time where they got slammed in the face, got a couple weeks, but they're not. >> it could be a china trade, too, as well, when we see that pboc, want to give the breakdown? >> people's bank of china. >> grade school. >> when they say they're going to tighten or loosen as they see fit. so, you saw all commodities run o

toll roads, very little exposure to commodity. are backed up by long-term prices and volume commitments. with the price of oil stabilizing in the mid-50s. recovery dramatically i think the stock has potential to really roar. my verdict, i am willing to bless taking a position with pebina here. if you like this stock, you should really love kmi, kinder morgan my favorite of the pipeline companies. if you prefer to own an mlp, the time is right for magellan or markwest. pebi in. a looks good. these guys are better. >>> nick from maryland asked me about spring leaf holdings the symbol leaf leaf. while i knew the company, they had just made a gigantic transformative acquisition i needed to look over. springleaf is a consumer lender that dates back to the 1920s. it fell on hard times in the financial crisis. the company at that time wasn't called springleaf. it was called american general finance taken private by fortress a pry varies equity firm in 2010. it got changed to springleaf and became public a year and a half ago. since then

first of all, with regard to the commodity commodity issue, in terms of -- frankly, there's been veryhe movement of energy commodities, oil, ethanol, et cetera. but we would like to also and we recommend a collaboration with other departments, including usda and others to have a more unified commodity database. by the way -- and i should have said coal as well. particularly in the energy sector, again, oil ethanol, coal movements. but as you said there's a competition often right now for moving multiple commodities and we would like to get a multiagency approach to that. with regard to the oil by rail specifically, we are collaborating with d.o.t. we have already put out from sandea what was a literature survey so far in terms of properties of different oils, mostly especially the oil that is the focus of a lot of concern. that first report a literature survey only and only available literature. it had interesting findings including the need for much more systematic character rye zags data of crudes. it did suggest that the data that were reviewed did not imply that any one property o

first it's a bet that commodity will get stronger. kind of a supermarket of commodities.it can rally only if people think that inflation is coming back. that's what makes you want to buy gold. it's about oil making a u-turn heading higher. what do all of these things have in common? a weak dollar. not a strong dollar but a weak one. when the dollar's value goes down, it takes more to buy commodities. freeport, the ultimate commodity play is reacting to the possibility of a weaker dollar not the potential for better earnings. the company just told you how bad things are. how about the weakness in unitedhealth. investors have been hiding in the stock. if you own unh, you don't need to worry. it's all domestic. unh rests on the long-term earnings growth. if inflation comes back we won't pay as much for the future earnings. it's basically a stock to avoid if there's commodity inflation and the dollar peaks, because portfolio manager will rotate out of it. no matter how well the company does. so love goes to hatred in a couple of sessions. are these two aberrations? i don't th

cory: you talk about the giga factory as making a commodity or commodity pricing battery.ngs problematic. first, the commodity pricing of batteries is that aren't there inherent limitations within the science of the battery type that tesla has decided on? you can only get it so cheap. andy: for the time being, true. they will adapt and put new chemistry in. when the silicon anodes really take form and pushed into the market, they will adapt and produce those. those can probably be produced less expensively than today's batteries because -- cory: the factories will have to be modular. andy: and that is not as hard as people think. cory: andy draga. coming up, norway is going to turn off its fm radio stations. we will take a look at what is replacing it. ♪ cory: fm radio is going off the air in norway in 2017 in favor of digital radio. audio innovation is the future audio. is this the future of radio? paul sparrows joins me. is norway making news? tell me, can you describe what digital radio is and what the differences between fm and digital? paul: digital basically uses the

one commodity stand apart.metal used in auto parts, plumbing fixtures and sunscreen. in the last three weeks, it touched an almost one-year low in march. it has risen by 8% to 21.48 a metric ton after sliding 18%. the reason for the rebound is from africa to ireland mines that produce the metal for decades are now tap out and there is no big supply to replace it. morgan stanley estimates by 2017, more than 1.2 million metric understand the of annual mined supply will be taken out of production. that matters because that is more than the u.s. uses in an entire year. and tighter supplies are prompting banks like b.n.p. paribas, goldman sachs, to forecast higher prices on top of the 6% increase in zinc in the last year, which made zinc the only gainer among the six main metals on the london metal exchange. it encapsulates all six is down by 9% over the last year. the bloomberg commodity index has slid by 27%. according to a bloomberg survey of nine traders and analysts, prices will rise as high as 2,397 dollars a

i don't consider commodities an asset class.der them a complete speculation and the thing that one is reminded of is that oil is a commodity and we were 10 or 12 years to a bull market in oil and we were you know we had a lot of cold water thrown in our faces los angles year. so commodity, on sousely there's temptation as a value investor to look at the companies that produce commodities, however it seems as if this could be like 1986 all over again as they say and if that's the case then commodity investments will be very unattractive relative to what i call the compound. there's companies, good businesses that continue to be able to grow their cash flow and their earnings and their dividends. those are the companies you want to be in. >> steer clear of commodities. thank you so much. >> and warren buffet not the only big investor to take a hit on tesco. coming up we hear from a shareholder that says the stock valuations are divorced from reality. that's coming up. you can't predict the market. but at t. rowe price we've helped

cory: you talk about the giga factory as making a commodity or commodity pricing battery.ngs problematic. first, the commodity pricing of batteries is that aren't there inherent limitations within the science of the battery type that tesla has decided on? you can only get it so cheap. andy: for the time being, true. they will adapt and put new chemistry in. when the silicon anodes really take form and pushed into the market, they will adapt and produce those. those can probably be produced less expensively than today's batteries because -- cory: the factories will have to be modular. andy: and that is not as hard as people think. cory: andy draga. we are joined from new york, mark thank you. sales of homes fell last month from a seven year high in the housing market reversing -- what is needed to give them an extension? the women in the world's summit is underway in new york and we will examine the summits of major issues and take a look at the role in women in government. i will see you at the top of the hour. back to you. cory: thank you. coming up norway will turn off a

charges of wire fraud commodities fraud commodities manipulation, and spoofing. the u.s.eking his extradition. the flash crash occurred may 6 2010, when the dow jones industrial average plunged 1000 points in just minutes before later recovering some of its losses. democratic senators outflank and -- al franken, elizabeth moran, and more are asking federal rate disorders -- federal regulators to block the comcast time warner merger. they say the merger would lead to higher prices and fewer choices for consumers. antitrust regulators are meeting with executives from both companies tomorrow. the chipmaker arm holdings says first-quarter sales rose 22%. they said revenues were up just 3%, as they dealt with in order backlog. here is the ceo. >> we are forecasting licensing growth in the main term, it was 5% to 10%. some quarters away higher, some quarters that will be lower. it is a lumpy business when it comes to licensing technology in the way that we do. i'm not at all worried by the year on year. we are coming off such a high base. emily: upgrades for faster 4g phones ar

operations are ongoing, and we dropped a lot of goods and commodities, and ammunitions, and the -- toments of the resistance committees in the city of aden and this has, by the way a good sort of impact. these operations and the follow-up operations will continue. we need to stress now that in all sectors of the republic of yemen, the houthi militias now are in the defensive, and they have some personal ambitions, but we need to control this. they are trying to take care of the gains they have already obtained but we are continuing our operations and we will prevent them at all from turning -- from the defensive attitude to the offensive attitude and we will target the locations and their positions in coordination with the resistance committees in order to help also the resistance committees to start attacking the houthis, and yesterday, the tribes and the -- the resistance committees have received more weapons and ammunition and they express their love to the yemeni people and to yemen as a nation and we appreciate these committees and we urge all -- everyone else to follow the steps

>> the way consumers benefit, i believe it is a commodity and you choose the lowest ice commodity.ieve it will go very similar overtime. you can get money, borrow money. if you are on the death store at bankruptcy or the perfect company like ge in terms of a credit rating. i believe that change is just beginning to happen. i believe overtime are words are definitely in the drivers seat. what we have seen is lenders are offering many prices lower than they do on our own sites. we have access to millions of customers who want to get loans. you talk about intimacy. one of the things we have done to retain customers it's we have launched my lending tree where you can get a free credit score. we will send you all are. he will never need to fill out a form ever again. if we can save you money and give you a personal loan at 16% interest rate we just want to help you save money. mark: what is the average read between the highest and lowest loan officer and how has the increased competition change the spread, if at all >>? >> in mortgage loans it used to be a or 10. it has now come down in

a whole bunch of things have no interest to people like you are in the commodities business. one thing of great interest which literally bands the regulation of derivatives. year 2000 was this big haired ones that do not enter sign for regulators was put up by congress, it just grew like topsy. so there is a plethora of mistakes coming from everybody. i emphasize the last one because if i had to pick it nice to receive the absolute worst decision made along the way that would probably be a period >> so interview the financial crisis of 2008 had its roots in the 2000 derivatives act? >> one of the roots. obviously in the housing bubble. if we didn't have the big housing bubble, the derivatives -- let me go back. if we didn't have the big housing bubble, the mortgage-backed securities based on houses would have been better and safer. then the derivatives built on them would've been better and safer and so on. so there are multiple routes of which the crazy derivatives were certainly one. >> host: what is a simplified definition of a derivative? >> guest: the definition is actua

he ran his own trading shop and faces charges of wire and commodities fraud.ces department and commodity futures trading commission which filed a separate lawsuit, said he engaged in trading strategies known as layering and spoofing that contributed to the flash crash that happened on may 6 2010 where the dow industrials plunged 1000 points in just minutes before later recovering some of the losses. the big takeover offer in the pharmaceutical businesses -- teva has offered to buy its rival at a price of more than $1 billion in cash and talk representing a 23% premium to mylan's closing price last thursday. that's when bloomberg reported teva was considering a bid. on friday, mylan took the unusual step of publicly rejecting the offer before it even made -- before it was even made. that's a look at the top stories we are following on this tuesday. coming up at two: 55, scarlet fu chats with michael murphy of rose cliff capital as we go on the markets. later, bill gross tells us why he sees bonds is the short of a lifetime. in january, chipotle halted sales of

let's have a look at the commodities. oil is up in the united states because iran is the second member to come out this month. they say, maybe we should cut production in oil and the supply is hitting to us and driving down the oil price for a year now and urges a cut. we see a's fight in oil. ahead of the rate decision, we expect nothing for interest rates. we are seeing the euro trading down. interesting for the bond market. a lot of talk of the lack of liquidity in the bond market. the fed is starting to increase interest rates and german borrowing doesn't look appetizing anymore. it could be absolute a us because of the exchange trader funds. adding liquidity to the bond market. the underlying bonds below are not as with it. a quick look at the stocks to keep an eye on. it is moving up and it is down. no cash is coming in at it is foul -- it is valued more than the market cap. people are saying, i am only getting a third of the company and that is not enough. the premium was only 7%. two thirds of the overall company

fixed income commodities used to be one of the top rated players. they lost about 50% market share, and erosion over the past five years. year on year was flat. the competitors were seeing rises of between 5% and 15%. deutsche bank rocking along. credit suisse wasn't exactly comparable. others are snapping on the currency space. equities not meeting their peers. an investment -- investment banking, this is the interesting part. taxes up by 7%. jpmorgan was up 23%. if you are going to be an investment bank, you have to be the best platform, and you have to have some about it. you can't be everything to everybody. the world of investment banking has to be changed. if you are going to be an investment banker, you can't be everything to everybody but you can be excellent at certain things. mark: i know what he was thinking. thank you very much. samsung posted a 40% decline, but samsung remains optimistic predicting a recovery. to asia technology expert has more. i know it is late were you are. why the optimism? >> the optimism is driven largely by the h

>> if you look at the commodity bubble as a whole, it's a massive transfer of wealth from commodity-producingnsumer nations. when you uncover a situation where there's corruption on a massive scale, it just hurts that economy even more. and what that probably does it put more of a ceiling on oil prices. we're in the middle of a bounce that started in january. oil prices looked like they'll bounce for a few more months. the more the oil goes up the more the likely countries like brazil will be tempted to drill and produce more oil to meet the cash flow needs to service that debt. that means they have to run on a treadmill even faster than they thought they would have a couple years ago. it's a problem for brazil but a benefit for developed nations. >> michelle, i mentioned the president and that sticky situation there. everybody must be holding their breath in her administration on the results coming out. she's denied knowing about any of this corruption while she was there, right? >> yes, the nation collectively holding its breath some with hope, some with fear that she may get implicated at

commodities reporter su keenan has why commodity reporters are the most bullish on oil in the past eight months. the interview with the energy secretary. first, to the top stories we are following. u.s. dots rebounded from the worst light in three weeks, and there is a rally underway in technology shares. the s&p 500 index down -- it is of nearly a full percent at 2100 . dow jones industrial is up over 1%. the nasdaq composite index rising as well. it is up 1.25% at 49.92. it may be a sign of growing this ration agrees. the greek government has issued a decree that folk -- forces local governments to transfer all cash balances to the central bank. this could raise more than $2 million -- $2 billion that greece could use to pay bill. meantime, friday deadline for greek to purported -- to report the finance package has been pushed off. they will not sign up until athens reforms -- approves the reform package. >> we want greece to return to the ability to grow. to recover stability that has lacked for years and years because greece has suffered a lot. there has then policies a lot. it needs

prices we can't bear all the burden of low commodity prices.d then we have to go and make our plants more efficient. we have to reduce our operating costs and we're very successful in that this quarter. we saved about $20 million by improving our plants. we'll consolidate some plants and we'll do what we need to do from a business point of view and also go to our customers and say, look we need to share some of this pain. we need to make sure that folks are understanding that they've got to give us clean materials to recycle. our new program called recycle often and recycle right will let consumers know how they can help us recycle more. >> so david, we were just talking about exxon and how they got a lot of money and a lot of the acquisitions maybe they wanted to make in the past make are economically a lot cheaper now. aren't you in that position? isn't there anything you need to add to as far as you know your asset mix? >> yeah we can do plenty there. you know with the proceeds from last year about $1.8 billion, we would love nothing more th

if you pick the right company and then outperform the commodity.k step with the commodity and the same things that make gold valuable here. the fact that it's hard to get out of the ground cheaply and not a lot of new mines. plus, gold minors can screw things up in countless different ways. they have dectsbts and fining costs and management teams and can and often make mistakes. virtually every single time i have gotten. hind a gold stock in recent years i have been burnt. higher than expected cash costs and every time things just seem to go wrong and then the stocks get hammered even if gold goes up in value. i finally just gave up in the entire group and simply stick with the physical commodity. the bottom line if you want exposure to gold and you not only want it you need it. it's your portfolio insurance policy and everybody should have some. then you should just do the easy thing and own gold through the gld. not some gold minors that is loosely connected to the price of the undermining commodity. stick with cramer. it took tennis legend seren

rbc's head of commodity strategy is doing what we call the perp walk. she's coming to the set next.'re going to get her take on the framework for the iran deal. what it means for oil and so much more. >>> don't forget to visit our website as well. all the trades and analysis from our team. we are back in two. (trader vo) i search. i research. i dig. and dig some more. because, for me, the challenge of the search... is almost as exciting as the thrill of the find. (announcer) at scottrade, we share your passion for trading. that's why we rebuilt scottrade elite from the ground up - including a proprietary momentum indicator that makes researching sectors and industries even easier. because at scottrade, our passion is to power yours. i am an electric crew foreman out of the cupertino service center. i was born and raised in the cupertino area. it's a fantastic area to work. the new technology that we are installing out in the field is important for the customers because system reliability i believe is number one. pg&e is always trying to plan for the future and we are always trying t

you talk about commodities.rcher is in middle of the it. >> what they invest in i have a hard time to understand. protein over here. i know return on invested capital t was 6% a couple years ago this company. it was 9% last year. they say they can get to 10% this year. when i see a company spending money and returns on invested capital are rising it means they're spending it on right things. david: investing it properly. adm is the stock symbol. dollar general, why do you like it? >> they lost out on a pieout. -- buyout. they lost out to dollar tree bidding for family dollar. david: too many dollar stores. >> sometimes works to their advantage. when they open a new store they can make money back in a year-and-a-half. they're doing just that. they can get transition share. much better pursuing organic growth. that's what they're doing. david: three years you think they can grow 6 to 7%. >> i think so. david: jack, thank you very much. appreciate it. liz, over to you. liz: how is this for angry? the cincinnati red

for example, crude oil now competes with other commodities, more traditional transportation by rail,h caused delays in delivery of crops and agricultural products to market. the report explicitly states that these recent unexpected shifts in supply and demand for rail service has resulted in disruption to agricultural shipments, quote, exceeding even those caused by hurricane katrina, end quote. the department of agricultural marketing service concluded that, quote, the current rail service problem has exceeded previous events in terms of both magnitude and duration, including hurricane katrina, which caused major disruptions throughout the entire agricultural system. a number of high-profile incidents have also underscored major safety concerns and point to the need for us to revisit existing regulatory structures. as the quadrennial energy review notes "these accidents have highlighted the need for additional monitoring, enforcement, inspection, and setting new safety design requirements for tank cars." back here we have all the oil and rail industries pointing fingers at one anoth

aussie dollar commodity currency on fire today. this whole commodity talk, we have a lot of oil.t of oil. all of a sudden we are seeing commodities do it, i'm not the first to say it. traders are definitely buzzing about it. the last chart, if you have the euros moving to the top of the rank, it seems to have an effect on the equities in europe. look at the two-year dax, it's the same against the dollar oust euro. >> thank you so much. >>> we are keeping a close eye on apple. it's off about a buck-and-a-half. people think this is curious. >> right. that's what's really spooking people now should apple be falk. it's had a very big run. don't trade apple. i think there are plenty of reasons oto own apple. we are in a battle between what rick said about the commodities, wauven aetna, it is doing well. you have as to watch retailers which did terribly. there is a trade. if you boy commodity, i seen people think stupid is wood. it's a sign that maybe the dollar has peaked. therefore, you don't need to hide in home depot. aetna is saying you can still hide in the united states and make

perhaps the way to trade that was with commodity stocks. jonathan: coming up facebook does not like the dollar. we will talk about that. and it is another multibillion-dollar settlement on the horizon for big banking? just maybe. we will talk about that a little later. the ftse 100 higher. a big move on u.k. stocks. another inversion deal. i will try to bring you more details later on the show. we are back in two. ♪ jonathan: u.s. companies let's talk about them. facebook and ebay cited as a cause for concern. >> those sales hit by a stronger dollar, so much that facebook missed analyst estimates. we are seeing many of the exporters in the u.s. for the first time since 2012 growth missed forecast. sales up 42%. it could have been 49% growth if you strip out the effect of the stronger dollar. clearly it did have a significant impact. if you are looking at the numbers, they were pretty stellar overall. we were seeing strong revenue sales. we see a significant uptick. quality, reach, this is what they are seeing in advertising. mobile makes up

we're imposed to the commodities are down the level 2 policy but who to set up a fund to start some form of divestment what's the cost no effect on the total portfolio when you did this did you net out the fees not to pay on the $100 million from the managers. >> i did not. >> it maybe a little bit less 33 or 10 on this report. >> if for example, the fund were removed from the s&p 500 we'll pay a base point for the management fund. >> that may not be significant but paying attention it is we're looking for pennies i'm worried about the world war announced this morning i assume that the price of oil will go down but the members of the public are concerned about the globally that is 50 invincible protons thank you, again for your report i want to confirm you believe that the effect on the application of the portfolio is minimal. >> i do. >> in terms of the would this have a material impact on the long term strategic policy yes. >> as to where the money is moved from any want to see and immaterial but. >> great carolyn to entertain a motion. >> is there a second to that. >> second. >>

the commodity crops take a lot of energy and space.i learnt when talking with the formers engaged in the process. they think there'll be a hybrid approach, but we are never going to see the absence of the large, large beautiful fields of corn. >> besides indoors and the winters of chicago, farms are popping up in surprising places, like airports. >> we think of airports as a lot of human activity. planes are not the only things flying around airports. that's [ ♪ music ♪ ] >>> welcome back to techknow. i'm phil torres, joined by dave, and dr crystal dilworth. i'm an entomologist, and i like working with insects. one of my favourites are the bee, that may be in trouble. >> i think of airports as being places that are destructive to wildlife. it's not always the case. >> no, in fact, i thought to take a tour at sea pack airport in seattle where they are taking steps not to just keep wildlife striking aircraft, making us safer in the air, but are taking steps to make bees a little safer. let's check it out. [ ♪ music ♪ ] >> reporter: as on

ten counts of commodities fraud. ten counts of commodities manipulation and one count of spoofing. it's that count of spoofing or layering that relates particularly to the 2010 flash crash in the u.s. it's using algoriths to load on lots of high volume sale trades just below the market price so they log the volume of sell trades but never get action. you can profit on how the market moves. on that particular day $1 trillion of market capitalization was knocked off the value of u.s. equities. thought to have gained around $1 million that day an overall relating to these charges around $40 million. the u.s. authorities are thought to have frozen around $7 million of his assets. of course these charges are bought by the u.s. they were bought in february. they have only been published because he has been arrested now. arrested yesterday and now we are due to have a hearing here behind me. this is just a prebail hearing. we would then expect to hear when the extradition trial would be brought and that would let us know if it was enough to get him extradited over. if he pleads guilty he

the commodity crops take a lot of energy and space.i learnt when talking with the formers engaged in the process. they think there'll be a hybrid approach, but we are never going to see the absence of the large, large beautiful fields of corn. >> besides indoors and the winters of chicago, farms are popping up in surprising places, like airports. >> we think of airports as a lot of human activity. planes are not the only things flying around airports. that's >> there's heavy security everywhere >> mass killings... government corruption... misguided influence? >> i wanted people to know, this regime, was evil... >> fault lines investigates the impact of the u.s. involvement in south sudan >> fault lines al jazeera america's hard hitting... >> today they will be arrested... >> ground breaking... >> they're firing canisters of gas at us... >> emmy award winning investigative series... >> we have to get out of here... south sudan: country of dreams only on al jazeera america >> protestors are gathering... >> there's an air of tension right

it's no different than any other commodity.there's a shortage of sugar the price of sugar will go up. if there's a coffee shortage its price will rise. if there's a money shortage, its cost rises. maryland's raising of usury ceilings ended the crisis. interest rates increased but mortgage loans became available. economic analyst richard gill explains the limits on the government's control of the rate of return on investments. sometimes good intentions produce counterproductive results. the philosophy behind usury laws is honorable enough. borrowers are often people in need. they can be taken advantage of by lenders. however, money in the form of loanable funds, is subject to supply and demand as is any other commodity. the demand for loanable funds depends on the interest rate. the lower the rate the more builders, developers, and potential homeowners who will want to borrow money. on the supply side the savings and loan and other lending institutions will look for the highest rate of return on their loans. if they can't get it

alix: and of course with commodity there is always going to be demand, and we have seen that across the: right, i have seen that it is very critical, and with the oil price story, we have seen this every year when the oil prices tend to round up in the first half of the year and then go down in the back half of the year, it happened with the gasoline prices and in the oil market as well, and we have seen a pattern, and people see oil prices driving the price of cheap gas, but there is still a stimulus that is being felt by u.s. households, and that is a sure sign that expensive oil is coming back rather than just the usual seasonal fluctuations. alix: right, we are going to look forward to next week, it is a very busy weekend, apple, time warner, aig, and we also have the bank of japan meeting, and in terms of economic data, we will get the first quarter u.s. gdp reading and all of her from where you sit, what is the most important on numbers that we will see in the next week? oliver: i think it is important to see whether or not these multinational companies that do have profits overse

have my chief housing inspector rosemary to be you know give you some overview on the housing but commodity as we have the ordinance for the sprinkler in the common area and also i bring my chief inspector mr. steve to come over to talk about or answer you some of the questions how to restore the sprinklers by the way, in the year 2009 we have sprinkler ordinance for the high-rise building also now let me bring mr. bonito give you some data but we'll stay behind to answer our questions. >> thank you director duffy and so for the past few months i know your office supervisor campos office has a meeting with dbi and the fire department to have an understanding of what framework exists currently and it's been confusing for our office to have those we had the fire code and housing code through the presentation i hope he said what buildings are covered for interns and good afternoon. i'm here to talk about the building code requirements and existing buildings the 2 hundred thousand buildings found in the city more than 20 thousands are apartment buildings over 50 year-olds they have monitoring s

if oil is beginning to base out, how would that play out in the commodity currency.uess the boy if oil does -- guess the boy -- guest: there are ongoing issues on the supply side which can cause rebound on the oil price. if that does come through i think that does provide some support. there are still risks in terms of the growth scenario. we will see how they strategize that grade -- it is one of the stories when you think when you see the headline, there is a legacy that even what we know about the political risk, the international investors are slowly getting on board the trend. that were extended and we will see the load get tested. mark: jeremy stretch, head of fx strategy at the cmc. manus: welcome back to "countdown." as a retail sales are due out in the united states of america where with the dollar head next? the momentum in the dollar is one of relief. up over two point 5% -- 2.5%. both pimco and other say it is time to sell treasury. central banks are underway in the market is structurally short dollars. that is what the bloomberg story is saying this morn

today you had commodities very well behaved. even em currencies should have blown out.ou should not over react. >> watch the dollar sunday night see if we have any strength in that. >> on your radar >> the dollar. if you see strong dollar you'll see tremendous headwinds for the marketplace going forward. >> how earnings come out and if we can see continued strength in the bond market which i do believe we will. >> see you back here on monday. don't move. what's the sector that could signal more trouble for stocks instay right here options action is right after this break. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that ac

commodities laws. both are up higher. >> let's take a look at stocks on the move in europe this morning. marks and spencer up 5.5% after fourth quarter clothing sales rose for the first time in 15 quarters. meanwhile, online sales returning to growth with sales up over 13%. so finally a little bit of good news. elsewhere on the ftse the u.s. justice department saying that hsbc is making progress to clean up it's act. this follows the banks $1.92 billion settlement related to allegations of money laundering. let's get back to an interesting story. two sika investors say they will appeal a ruling that states they do not have to buy the whole firm. now this is the french building materials company bids for a stake in sika big enough for voting rights. it includes the bill and melinda gates foundation. >> let's get everyone updated on the story out of greece. greece submitted a fresh list of economic reforms to authorities in an effort to unlock more than 7 billion euros in bailout funds. now the financial

it has an impact on commodity prices, demand curve goes down as well as other commodities.tory is a very big thing. charles: i think that it's one of the bigger stories out there. >> i think that they're starting to do a lot of good things from financial deregulation point of view and from a monetary point of view and those things have turbocharged it. >> these individuals these individuals have been jumping on the bed for years and now they're taking it. >> yes, they are, real estate, there's been a shift away from real estate in to talk to. >> 18 seconds, does anyone talk about this? >> i think it's a concern. >> great show, thank you guys so much, if you can't see the show, make sure to record it. right now, we have lou dobbs coming up next. lou: good evening, everyone. i am lou dobbs. exactly one week ago the president stood in the white house rose garden until the american people that the united states and iran were on the verge of a historic nuclear weapons treaty. one that would ultimately lead to a gradual reduction in sanctions. but it has been the iranian view thr

. >> and a play on commodities in macmaran and freeport and copper. >> an area not well liked but it is tremendously outperforms and demand will outsupply dividend and they are in energy and copper and we think that is commodities that the world will need and that is ride the storm if you have a strong stomach. >> mike have a good weekend. thank you for joining us. mike with the permanent portfolio family of funds. >>> general electric reported better than expected profits in the face of a strong dollar and weak oil prices and the results come one week after unveiling the plans to dramatically shrink the finance business. shares of ge started higher but ended slightly lower. mary thompson has more. >> while general electric first quarter profits declined they kept a tight reign on expenses. >> they have a good first quarter growth. we've seen the quarter we planned for. >> the stronger dollar trimmed a billion dollars from the company's revenue. while expense controls and strong performances by businesses making jet engines and locomotives fueled earnings that including general elect