cosco ok yes investors have said over the years you know come on when is this guy going to deliver for shareholders and not some just giving this money back to his employees but when you look at the stock price we have a chart i mean it's not like the stocks really taking a beating at least you know not looking at just the chart of the price over the years i mean cost has had a nice. so my question is i guess a little superficially has this kind of been blown out of proportion that this cutting costs. just at the expense of everything else to deliver for shareholders that maybe that is a narrative that's not altogether true of course i completely agree with you but i think that's a reflection of a society has become increasingly focused more and more on that now and on cutting even slimmer and getting further and further into the moment and not worrying about the long term future benefits or costs of whatever you're doing so not having a happy workforce is really bad for many reasons not only are consumers the end of the day where the people that are working that need you to be there t

when i when i worked in equity research the cosco stories when my boss would talk about how about our shareholders were grumble like you know but he was saying so many c.e.o.'s get obsessed with their stock price and with delivering short term to investors every quarter and if they would just run the business well and just keep their view on the long term picture it would just be such a better way to do business and i just wonder if there isn't a way to kind of ever move back in that direction you know costco is one example but why isn't that more widely used by companies if this really is a model that works there are firms that do that obviously but they're more likely to be firms who are not don't have shares don't have shareholders to answer i don't know how you do it i mean. it's a very stupid strategy to your employees well because they're they're going to sabotage your business. employer is going to drag its feet there's not going to good job and sometimes are going to sabotage your product so it's a really stupid strategy but it's based in my view on short term profit seeking a

i'm sorry, the cosco buson story was still today. well, the harbor pilot side- swiped the bridge in heavy fog and that spilled some something like that 3,000 gallons of fuel oil into the bay. 6,000 birds died but a lack of data from before the spill kept environmentalists from knowing the full extent of the damage. >> it was a relatively minor spill, but they allowed it to get away from them because they were simply not prepared. just a now ships can't leave port with less than a half mile of visibility and oil spill notification has improved. pilot john coda spent ten months and prison and is fighting to get his license back. >>> the 7.4 magnitude quake hit in guatemala, near the northeast border of mexico. residents in mexico city evacuated and about 30 homes have collapsed in the town of san nmaros where the damage has been reported. and widespread damage. >> educators today breathing a sigh of relief with the passage of prop 30. why that tax measure means that students will spend more time in the classroom. just a and no, no rest

cosco's shares rose more than 6%, or $6, and a gain of of%. >> tom: we've seen a list of companies providing these special dividends, and we'll have more reporting on that tomorrow. today, meantime, in our market focus, some encouragement from capitol hill in the white house over avoiding the fiscal cliff. and the major stock indices head higher. the s&p 500 began the session by moving lower, hitting its lowest level of the day in the first hour. it moved into the green for the session the same hour president obama said they may have a fiscal cliff deal by christmas. the index finished at its high of the day, up 0.8%. volume grew from yesterday's pace. 708 million shares traded on the big board, just over 1.7 billion on the nasdaq. it was the consumer sector that was the hottest, with discretionary stocks up 1.3%. the energy sector gained 1.1%. industrials gained 0.9%. retail stocks were on the buy list for traders and investors with stores appealing to a broad array of shoppers. moving higher, there was the sector leading gains of j.c. penney, rising 4.6%. volume was more than double with t

write letters to the stores to ask some of these big chains whether it's macy's or nordstrom's or cosco just stop to stop selling these illegal products that are marketed as made in israel they don't they don't distinguish between what's made in israel which is what's made in settlements and so a lot of people who oppose the center and made it very inadvertently purchased its products in terms of actual complicity or. you know negotiations with the u.s. government caterpillar is actually an excellent example of a corporation that is not only providing weapons to the israeli government which. then provided the israeli government but it's been heavily complicit in. further and policies and so that's why i did it and it's a very big target it really it in my eyes it's us corporate complicity and b. is very. i was an a bolter of the national organizer for the u.s. campaign to end the israeli occupation. quote black friday guys you know the day when mindless consumers camped out in front of stores for days on end and trample each other to death just to save a couple hundred dollars on mercha

when i go through the conference call, you actually call out cosco, trader joes and it seems like you in a lot more stores. >> you know jim that is true. our vision we have talked about before, we have a clear strategy a recipe for growth. and private label is clearly one of them. we are excited to have this strategy play out with the biggest private label. how do you take your brands to the supply chains throughout the country? >> well, jim, one of the things that gives me the highest degree of confidence is that we have almost $1 billion of private label business. so we have the private label business. that is probably the most important second is that our strategy is not to compete with ourselves between branded and private label. there is little overlap that we anticipate going down that path. we will be in other segments under private label. those are all brands that are regional pasta brands that are almost like control brands. you will not see us advertising pennsylvania dutch noodles on the super bowl. we don't consider them major branded products. those are good strong region

break also still ahead a tale of two corporations wal-mart where workers are protesting for higher pay cosco where they pay their workers a little better we heard from you a lot of colorful responses insightful ones too you'll hear songs and tonight your feedback but first your closing market numbers. don't look the world sure but as the best and brightest tech minds gather in moscow some came to work well others came to play get up close and personal with devices that recreate masterpieces in skin russian treasures from inside and from space to keep us safe from oil spills and forest fires unleash your inner gadget geek as i search for the next big thing in the computer world and russia's only joint numerous goodies if we just take the fight straight to their president i want you. on a long ways down the future however. you do. sorrow. meant hope for escape. barely surviving longing for a godsend. they live in a search for gold. why doesn't it bring them wealth. it was not the military as army announced today it signed a new contract with a unit of the huge contracting shop however it was n

seven dollars a share for a one-time payout for cosco shareholders. $3 billion they will pay.hough most supporters of the president not to keen for shareholders or for themselves, actually, to pay higher taxes. his predecessor founder was in outspoken business supporter of the election and look at the they have this one-time dividend versus next year. they would save a lot of money under the current tax rates versus next year. back to you. tracy: tax planning at its best, robert. ashley: sales of new homes fell 5.3% last month. so, what does all of this say about the housing recovery. joining me now budge huskey, co all of coldwell banker. congratulations on that. it seems to me that most of the data that is cominn out on housing: despite the numbers today, the recovery is on. are you confident that we are on the right track? >> i think there is reason to be. down only slightly from the prior month. i think that is to be expected. the most important figures are the ones we are seeing year over year on the same month. we are up 17% over the same period last year. we have now ha

i think the world of cosco and walmart. i like the apparel stocks very well. pbh.nderstand trimming them after sequestration and a fiscal cliff that raises the taxes on capital gains. those that thought romney could scrap obama care really got whacked today. these companies are doing quite well. i'm not going to recommend selling these stocks. i'm more willing to buy them. at the same time, i actually do want to sell, sell, sell the hospital stocks that ran up today off of assurety for obama care. hey, listen, that's a bad business, with or without obama. finally, i disz agree, even if the banks are killing them. they've been able to make a ton of money. >> romney would have fired ben ber nan key immediately. and i think could that have caused a recession to occur rather rapidly. think that birnake and obama would have done a good job. it would mean that homes that are just emerging from their underwater status could go back and drown. that easterble for the banks. their low rates may hurt the banks and interest margins, but they've been a gond send for the housing

we are like the cosco of empire declines we have to combine every aspect of every empire. >> bill: everythingy has done in the past. >> hue dogs it manifest itself. >> access. not it's like now, like even years ago people said we left all the manufacturing jobs. left the country. and it was all moving money. but now it's not even moving money. now it's not even moving the idea of money. people most people's job is talking about the future like money not even in the present tense. not even paper. >> bill: hedge fund guy nobody know what is that. >> right because it doesn't exist. trading the idea of somebody else doing. >> bill: they make all this money and they don't do anything. there is nothing there. >> yeah. >> bill: also you think we are culturally in decline because of things like the jersey shore, right? >> we have always been like that. jersey shore is san easy one to attack, of course, because the greeks, at least when they watch plays they weren't frivolous they were like watching nobility and all these deep thoughts. just watching like i say snooki losing her cell phone. >> bill: i

>> yeah a new cosco here in washington, d.c. opened up today. big crowd in the parking lot. vice president's motorcade showed up. he actually bought a big screen tv as well as a apple pie. what could be more american than that. he went on to is a say he is feeling good and optimistic about a deal. take a listen. >> i am. i am. all these folks in this store, man, going to make a difference. >> more important than shopping trip will be what actually happens between the president and speaker boehner. we're told they had a phone call last night. initial report suggested it was tense. white house saying they made some progress. we will see. shep? >> shepard: ed henry at the white house tonight. thanks very much. we are learning a bit more about the winning power ball tickets from last night's record jackpot. we don't yet know who the big winners are. but we do know what one guy plans to do with his-million-dollar second prize. turns out it involves dinner at red lobster. that's ahead. plus former president george h.w. bush, bush 41 has been in the hospital since last week we have

everybody from cosco to macy's.mportant industry report now analysts have figuring people will pull back on spending because they spent on generators and chain chainsaws and bottled water. that's divha. i'm single-handedly. >> i few supreme about to restock refrigerator because you can't eat anything in there now. >> no, it's all green especially the things that aren't supposed to be green. >> shepard: gerri, good to see you. >> good to see you. >> shepard: seems more americans pulled the trigger on buying a new car last month. big three automakers increase in sales. foreign auto makers also improved u.s. auto numbers. biggest one toyota sales up 16%. analysts say there could be number jump in the future as folks along the east coast are suddenly going to need new vehicles to replace those ones full of water and sand. all those positive economic reports plus some strong corporate earnings resulted in green arrows everywhere today. it looks great. all the major indices rose more than a%. do you up 136, nasdaq up 42.

we are like the cosco of empire declines we have to combine every aspect of every empire. >> bill: everythingy has done in the past. >> hue dogs it manifest itself. >> access. not it's like now, like even years ago people said we left all the manufacturing jobs. left the country. and it was all moving money. but now it's not even moving money. now it's not even moving the idea of money. people most people's job is talking about the future like money not even in the present tense. not even paper. >> bill: hedge fund guy nobody know what is that. >> right because it doesn't exist. trading the idea of somebody else doing. >> bill: they make all this money and they don't do anything. there is nothing there. >> yeah. >> bill: also you think we are the jersey in decline because shore, right? >> we have always been like that. jersey shore is san easy one to attack, of course, because the greeks, at least when they watch plays they weren't frivolous they were like watching nobility and all these deep thoughts. just watching like i say snooki losing her cell phone. >> bill: if you really look at what'

next month cosco will spend $3 billion to pay a special 7- dollar dividend to share holders.he pay out before the higher tax rates may kick in this case congress and the white house can't reach a budget compromise. other companies including tyson foods and wind resorts have announced similar moves. there are reports apple is considered doing the same thing but of course apple has made no comment yet. >> the president is sending the treasurey secretary to capitol hill for fiscal cliff talks with congressional leaders. jamie joins us now by skype from washington dc. any progress in clearing the gap? >> reporter: we are trying to figure out that right now. he was just down stairs from me in the capitol a little while ago. his first meeting with harry reid, next meeting now with john baynor. we hope to hear from both of them in about an hour. nobody is quite sure whether this is a new plan that they are bringing up to sort of shop with leaders, you know we -- if we were talking about negotiations today on the fiscal cliff we may think of a big room or everybody is meeting togethe