these humans because it desensitizes them but not a word about twice as much welfare going to conoco phillips and their buddies and let's get rid of corporate welfare and no more bailing out wall street no more bailing out the u.a.w. with the auto it will be a wall street dodd frank put that in the not true we're going to still on the hook it is at no it we are not here just because it says in law you can't do it doesn't mean that the fed does not other authorities would make a bill of austria ok you're going to ignore the way when tax credit i'd love to get rid of ethanol mandates get out of the law those are giveaways to those are corporate giveaways so do you think ford import maybe let me ask you a question that a serious question if you're so if you're genuinely serious about this bernie sanders proposed some years ago i don't know if it ever made it into legislation we were talking about on the air that you know we've got so many companies around the country were states where miss palliser counties are fighting to get a factory or a headquarters that they say ok we'll give you a two hun

conoco phillips, new york community, high yielding financial. keep altria. procter, keep pepsi. proctor is a work in progress although mr. mcdonald is doing much better. we're going to put in yes, a health care company. at this point i'm going a little aggressive. go celgene. let's go to ed in new york, please. ed? >> caller: hey. >> hey. modern portfolio. it's a modern portfolio. aig, dbax, and facebook, fb and michael kors, kors. >> modern portfolio. it's a modern portfolio. i have popeye's. i do love the red beans and rice. aig is my favorite financial. michael kors is the terrific apparel company where they still charge $200 even at the outlets. dynavax. we're going with that one. and facebook is not doing as badly as everybody else thinks. internet company, financial, apparel company, biotech and we've got a restaurant, i say, bingo! delores in new york. delores? >> caller: hi, jim. this is a brooklyn boo-yah to you. >> i'll be there this weekend. i love clinton hill. it's really coming back. they're snapping up the places there. you can't find anything

conoco phillips are undergoing maintenance. a crude oil pipeline is shut down due to safety problems and the refinery in richmond still hasn't recovered from the fire in august. brace your wallets. >> we have never seen a spike like this. this is new territory. >> reporter: mike has to sell regular unleaded at $4.89 a gallon just to stay afloat. he locked up the pumps because it looked like he was gouging customers. >> i can't afford to pay bills right now. >> reporter: in the bay area prices are up 20 to 30 cents. it's cost the business an extra $700 this week. >> as a person that's in the middle class it's very hard to try to save and have a family in the bay area and keep paying these prices. >> reporter: and so we've called coast of the costcos. looks like serve doing okay for now. but analystst are saying the price should peak by about saturday on sunday sox that means it's still going up. >> yeah, that's $4.89 a gallon over his shoulder. go to cbssf.com/gas. just enter your zip code. >>> later on, a good reason to gas up

durable goods from the government, pending home sales and we've got earnings ahead of the open from conoco phillips and pg&e. apple and amazon on tap after the bell. the dow losing 25 points yesterday. it will start today at 13,077. the nasdaq starts at 2981 after losing 8. >>> as soon as apple unveiled that new ipad mini on thursday, the first thing a lot of apple owners did was put their old ipads up for sale. 140,000 tablets were listed on its site between tuesday and wednesday. that's an increase of 700% from monday. half of that activity occurred in the hours just before apple's announcement. the most common model up for sale is what had been the new ipad, the one introduced seven months ago. a lot of those putting that one out. there's yet a new big ipad in addition to the mini. it's almost like these guys are just cranking them out. as soon as you buy one, it's obsolete. >> yeah, that's just how they do it. they keep us wanting more. thank you very much, we'll check back a little later on. >> we're still high on that giants win last night. christina was there yesterday morning. >> good luck

my go-to trade would be like a conoco phillips. here is an oil producer that has more than 70% of its assets in the north america region. if there is a gas spice this is not a company that is reliant on the strait and they have their assets in a much safer place and i think they get a premium as a result of that. >> i don't think there is a regem that goes away easily. you have to expect that. i would stay away from the oil names at this point in time. i think oil could go much lower. you follow this through to the logical conclusion you could see opec start to fracture. if everybody is pumping a much oil as they can because they have to pay their bills then everybody will be cheating on opec. i would certainly stay away from those names there. i would rather have natural gas. that is the place to be. >> this is yet another reason to be negative on the market or at least neutral. i have been pairing back exposure. uncertainty is not great. the regime to go away the least quickly is arguably iran. and then you have russia with a sig

liz: you like j and j and conoco phillips and the financial pick, pnc. which one has the best opportunity if the outlook gets worse globally? >> if the outlook worsens globally, you want to go with the company with the biggest balance and that would be johnson and johnson, one of only four triple-a-rated companies, corporate balance sheets 3.4% dividend yield, history of continuing to raise their dividend regularly, 11% annually over the last five that would be the one i would go with. if you want to office that is pro cyclical and go to energy or financial. dave: we talk about what happened in 87. i was covering at the wall street journal but teddy wise bird was actually there during the 1987 crash and he joins us to join in the conversation. was there any worry in the back of your mind when you started to see the double digit losses today that here we go again? another 1987? >> no. one thing unfortunately that we have become kind of immune to is that in the last four or five years because of away markets change, more commuter trading, not quite sure wh

altria, conoco phillips, new york community, high-yielding financial. keep altria.epsi. we're going to put in a health care company. at this point i'm going a little aggressive. go celgene. let's go to ed in new york, please. ed? >> caller: hey. >> hey. modern portfolio. it's a modern portfolio. i have popeye's. i love the red beans and rice. aig is my favorite financial. michael kors is the terrific apparel company where they still charge $200 even at the outlets. dynavax. and facebook is not doing as badly as everybody else. internet company, financial, apparel company, biotech and we've got a restaurant, i say, bingo! deloris in new york. deloris? >> caller: hi, jim. boo-yah to you. >> i'll be there this weekend. clinton hill is coming back. go ahead. >> caller: we love you, jim. you do so much for us. >> thank you. >> caller: i want to know if i'm diversified. my first stock is target, second is sirius xm, third is clorox, fourth is disney and last is johnson & johnson. >> all right. let me go to work. the classic final station, 26 can't be beaten. sirius is ent

conoco-phillips, tran canada joined forces with the project.$65 billion but might not be ready for 10 years. in a nod to the booming energy industry, booming shale and gas production will give u.s. rerefineries advantages over others around the world. fracking in unconventional shale will push refiners into higher utilization rates. the challenge? getting fuel from the field toe the refineries. crude oil futures rallied today. look at that. 4%. that is a massive rally. they were rebounding as shares dropped in a previous session. crude climbed 3.7%. look at that. it climbed 4.5%. but it was higher by $3.57, to 91.71. closing up over $91 a barrel. >>> riots in tehran as iran's currency is collapsing. thery al he is value -- reel down 70%. can you imagine if that happened to the dollar? what is coming up next in iran. >>> the post office defaulted on another $5 billion plus payment. the postmaster general is here for a exclusive interview. i have a business plan to share with him. he will evaluated. do you ever have too much money? ♪ úwñoa ♪ . m

morning, and then we'll also get demand for durable goods, pending home sales and earnings from conoco phillips and p & g and apple along with amazon. the dow losing 25 points yesterday starts the day at 13,07 the nasdaq down 8 to 2981. i always wondered how people financed buying that latest purchase. some people are actually just selling their old -- 7-month-old ipad online. folks are taking that money to put towards the new new ipad. it's quite an ecosphere. >> that's the perfect thing. bertha coombs, thank you very much. >>> in just a bit we'll talk about the fiscal cliff. lots of companies now very worried as we get closer. i'm going to count up how many days we are but it's getting close. back to you. >> and it's serious. >> very much so. thank you very much. >>> what about the forecast? >> not as serious. not as serious. it's going to be sunny california style for today, finally done with the rain. i know a lot of people are happy about that. but as you know, that cold weather is settling in. chances are you've had to use your heater over the past couple of days. because our days or shor

i'm looking at large mega cap integrated names, exxon mobil, chevron, conoco phillips and suncor.their market cap, these are names doling out dividends and buying back share around 20%, 25% of their market cap. >> do you like this now and a little, you know, school for the folks watching, do you like it because the spread between brent and wti is wide enough to be more profitable for the refin refiners? >> no, i think they'll have the margin on their side. what i am noticing is, in the cash gasoline market, gulf coast gasoline has weakened significantly. additionally in california, car bob, the radical blend that california has to themselves, inventories have risen here 5% on the back of governor brown's decision to allow more butane and to have higher vapor pressure. >> from a fundamental standpoint if you throw the chart, jamie, back up there for a second, that spread between brent and wti, isn't that, that's favorable for the refiners, is it not? >> it is. it is and as i said, the margins will be there for refiners. don't go short refiners. that's not what i'm saying. the overw

she supported tax subsidies for exxon and mobil and conoco- phillips, companies that made over $100 billionn cumulative profits last year. it is time to take those subsidies and put them to work on the jobs of the future. yes, i will continue to invest in geothermal, wind, solar, and all the jobs of the future. >> clearly, the outcome of this year's election will have a big impact on young people as they look to the future, so we asked a student to ask a question. joining us on the stage is valeria. i understand your concern about how to pay for college. as a father of college students, i share that concern. >> it is my understanding that the government involvement in pell grants has caused universities to raise tuition. to you -- do you support any programs that will help offset loan amounts for students? >> i do support pell grants and i think they have been critical in the state of new mexico for many of our students, especially students who do not come from a family that has already benefited from higher education. in fact, when the ryan budget sought to eliminate enormous amounts of fu

she supported tax subsidies for exxon and mobil and conoco- phillips, companies that made over $100 billioncumulative profits last year. it is time to take those subsidies and put them to work on the jobs of the future. yes, i will continue to invest in geothermal, wind, solar, and all the jobs of the future. >> clearly, the outcome of this year's election will have a big impact on young people as they look to the future, so we asked a student to ask a question. joining us on the stage is valeria. i understand your concern about how to pay for college. as a father of college students, i share that concern. >> it is my understanding that the government involvement in pell grants has caused universities to raise tuition. to you -- do you support any programs that will help offset loan amounts for students? >> i do support pell grants and i think they have been critical in the state of new mexico for many of our students, especially students who do not come from a family that has already benefited from higher education. in fact, when the ryan budget sought to eliminate enormous amounts of fund