the annual pots are polls and cops sweatshirt, tonight's power form months could be dan selled if if it is, they spend more it correcting to the investigate i have reporting. city attorney dennis herrera is accused of the spending more than $10 million on needed repairs based on false and inflated bills. they in investigate date -- investigated. >>> and last month the city approved them to sharply reduce the medical marijuana dispensaries. they will be out of work when those knew restrictionels take affect in the next two weeks. and you have toed mitt, people and they are gathering signatures and that's nowhere near the 100,000 signatures needed before the deadline in two weeks. >>> and an overnight power outages near the emergency dispatch center, how long it took to get the power back on and what nine one one, who was focused on those two cities. >>> good morning we are looking at a commute which is lighter than usual and we will tell you more about them as we look at the san mateo bridge. >>> some areas of fog are out there and temperatures are starting to warm up and thankfully -

dan stesich. seems a little quiet now. were people selling or buying into the weekend?> they weren't doing anything. we're pretty much going out where we were before. i'm a fundamentalist. i believe the economy will drive whatever happens. next week is an important week. keep an eye on all the numbers that are coming out. will determine what will happen in the future. david: i think you're right. dan, thank you very much. have a good weekend. cheryl: so far stocks seemed to shrug off negative headlines about ukraine. it may be only matter of time for companies with business in russia get hurt. david: peter barnes inside the beltway with more on how the conflict is affecting u.s. companies. peter. >> that's right, dave and cheryl. for some idea of exposure to u.s. companies in russia, the u.s.-russia business council in d.c. has more than 200 member companies and organizations. they include dozens major firms, apple, exxonmobil, ford, pepsi and gm. in second quarter, ford announced it took a write-down on $300 million on a russian joint venture. it said business was hurt

. >> let's get another to buy and another to sell. dan, what are you buying? quick, siszcisco is onet falls in that g.e. cat. it's expected to earnings of about 6.5. you know who else is? cisco. they traded at 2 1/2 times. 're both a little expensive. cisco, you're going to play for a laggard. >> it's got a yield. >> yeah. they bought $8 billion worth of stock back this year alone. that's helped them. they need a little pickup in earnings growth. >> what are you selling? >> if you think the market is going to sell from 17,000 to 18,000, it's going to skip like that. i think ultimately those defensive sectors will get sold. >> we've got two more traders who will give us their stocks to buy and sell. meantime twitter keeps the revolving door spinning. it led the ipo as the company's new cfo. that was a good move, right? they're injecting wall street credibility. >> credibility is the brap game. now, if they can come up with some cohesive strategy, they're starting to see more ads. to me twitter is a b to b business. they should focus on that. twitter means busy.

dan sold the 26 strike put for $1.45 and created his risk reversal. he paid it easy to make.. between the buck 45 he spent on the 37 strike call and the 145 collected by sellingdan is putting on the trade for free. that means that a twitter share picks one penny above $37 by september, dan sees profit. >> this is like discovering plutonium by accident! >> it's exactly like that. but there is a tradeoff. because he sold that put, dan could be obligated to buy the stock for $36 a share, even if it falls well below that level. luckily, since the time of the trade, twitter is up by about 25%, making a dan a big winner. and now twitter earnings coming up next week, everyone wants to know the same thing what will dan do with his twitter trade now? before we answer that, let's show you why options work so well for dan here, if he bought the stock, he would be up 25%, nothing to sneeze at. dan put it on for free, now it's 3.75 dan is on vacation this week partying it up. he is take time away from the luau to drop us a line. >> first the luau then in new york the high time in the tiki bars here. great to see you back. i love your trade the reason that carter says the

the stock hasn't had a bounce since last week's sell-off. danfound a correlation between the media appearances of ceo jeff besos. >> it has nothing to do with the fact that sales year over year and the quarter were up 23 first half percent. they made 40 billion in operating profit on that. you can go back and look. besos is a visionary. he's redefined so 'different industries, primarily ecommerce. think back to 19 fine when he was fee cured at "time's" person of the year, look at that cart right there. in the year since that cover, the stock was down 85%. >> that obviously corresponded a little bit with that thing called the internet bubble bursting. >> a good point. >> but it says something about sentiment. from that low in 2001 or 2002 the stock rose 1,700% to 2007. right before the financial crisis. in of of 2007, besos was, once again, fee cured on the cover of "newsweek." there was a lot of excitement about ereaders. 65% decline and here we go again, the stock right up until this past december we have the now infamous appearance on "60 minu

but they sell things and dan follows this better than i do, i mean you know you get into the consumer staple sort of thing, i think in some cases frito-lay may be a consumer staple. people buy that in good times or bad. they are just a well-managed company. melissa: dan what do you think? what does it tell us about the economy. >> i think she is giving as you warning shot across the bow. because they're international, so we have international and european markets are a lot slower than ours right now. there is this underlying concern about the quality of food, that people are beginning to wake up what the chemicals are in our foods. that could eventually cut -- the profits were not that great. melissa: ready to give up fritos? what do you think? you don't eat any fritos. >> i don't eat fritos in long time. melissa: i love fritos. >> corporate profits are pretty good, particularly recently, however one thing that concerns people like ceo of pepsi, people don't have a lot of disposable income these days. income is down. that is the whole thing. this is an economy that produces decent cor

dan jennings. maybe you will sell 12 paul allen. >> thank you, betty.ernet is a twitter about the company's earnings. will they leave its investors? we will talk more about twitter in a moment. the link between the chicken recall and china and a small meat processing plant in aurora, illinois. ♪ >> a bloomberg television is "on the markets." equity futures slightly higher. the home price index will be out at the top of the hour. coming up, the ceo of darden restaurants steps down after investors jump over his turnaround strategy. donald sterling closer to having the l.a. clippers wrestled from his hands. you are watching "in the loop." streaming on your tablet and bloomberg.com. ♪ >> we are about 30 minutes away from the opening bell. stocks will open slightly higher. twitter reporting after the bell. investors looking at growth and revenue. upres of darden restaurants after clarence otis has agreed to step down by the end of this year. he has been criticized for trying to turn around the company and the way he is trying to do it. indexchiller home pric

. >>> best-selling author dan silva is in studio 57. he'll show us how a $20 can you fix it, dad?ar that could handle anything. i fixed it! (dad) that's why i got a subaru legacy. (vo) symmetrical all-wheel drive plus 36 mpg. i gotta break more toys. (vo) introducing the all-new subaru legacy. it's not just a sedan. it's a subaru. if he were a lobbyist... if they were political contributors... maybe tom corbett would listen to them, instead of cutting... funding for their schools. but corbett's huge tax giveaway to the oil and gas... industry has cost us billions. forced deep cuts in education. and his mismanagement caused a massive budget deficit. now corbett wants to give the oil and gas industry even... more handouts. because that's who tom corbett listens to. and this is who pays the price. i never know what kind theof adventure awaits. that the days are longer, and the breeze feels a little sweeter. and, thanks to volvo, i'll pay nothing for repairs or maintenance for 5 years, nothing. they even cover my first month's payment. so, i'll be happy wherever the summer takes me. t

s best-selling is a dan. >> and amazon tax affairs according to the financial times which sites people the matter. amazon's main operating base, the e.u. has already investigated the tax structure of apple, fiat and starbucks and americans will be paying a pretty penny for their cookouts. according to the barbecue index tracking foods most commonly used in cookouts. bread, cheese, ice cream. it's up 5.1% in may alone for the month after reaching a record high in april. so it's going to be an expensive independence day in the states. stay with "the pulse." back with more in two. ♪ >> welcome back to "the pulse." it's time for today's new energy top headlines. brazil has banned the sale of ight bulbs that don't meet the requirements for energy saving. out all to set phase incandescent bulbs by 2016. >> a $205 million to help climate elp with change has been provided in a loan and will hope to grow clean technology in the country. and australia is set to announce a number of large solar deals to invest in everything from mining to manufacturing. the $.4 billion clean energy bank as invest

. >>> best-selling author dan silva is in studio 57.. what's that alarm? fuel cell two is down. i'm going to have to guide her in manually. this is very exciting. but i'm at my stop. come again? i'm watching this on the train. it's so hard to leave. good luck with everything. watch tv virtually anywhere with the u-verse tv app. with at&t, the u-verse revolves around you. >>> "the thomas crown affair" stars pierce burlingtonson as a wealthy man who pulls off an art heist. art heist is also the subject of dan ya silva's new book "the heist." >> going inside the secret world of stolen art to save his friend, daniel silva joins us at the table. good morn daniel silva. >> thanks for having me. >> i was googling at the same time. i wanted to look up the pieces you were talking about. because the purpose behind this book started with your obsession of the still missing today carvaccio carvaccio's nativity scene. >> kind of a wild man. killed man in rome in a sword fight. ended u on the run. he ended up in sicily where he ended up -- one of the

dan nathan. >> that's very, i like. a sell-off. he's too busy with the sell-off le forgot his tie. >> three stocks to buy coming up. plus one chart that broke through a key technical level and coiled for show day an ugly move ahead. des e tesla and linkedif and expedia. we have the latest details from those reports and how to trade them next. . television announcer: mattress discounters' $197 mattress sale $197 mattress sale is ending sunday. bulldog: mattress discounters' $197 mattress sale! television announcer: that means sunday is your last chance to get a serta mattress any size, for just $197 each piece when you buy the complete set. bulldog: any size mattress - twin, full, queen, or king - for one low price! and they'll deliver it free. television announcer: the $197 mattress sale... bulldog: oh boy! television announcer: ...ends sunday. ♪ mattress discounters . tesla volatile in after hours trading. the electric car maker trading lower. let's bring in senior research analyst who joins us on the "fast" line. ben, great to ha

. >> dan troublely called it and i disagreed with him. i didn't think you were going to see a sell-off. probably most importantly i was on twitter. so i was hoping you would concede on the sell-off. i am on southern. i think the way to play this is to play it with safety calls here the utility name going into the back half of the year. i think you are going to see this short lived with twitter. i don't think it will be a long event. >> we saw this in april/may. the momentum names only work because you think that there is going to be growth in the future. so this morning we came in. we saw german exports down, production down in germany. most of the european stocks were down. this is a repeat again. whether we go down 20 or:30%, i don't know, if you have any type of profit like dan is saying, you want to get out of these things as fast as possible and let the dust settle. >> karen, we saw volatility mix up 20%. you buy protection when it's lower? >> we buy protection when it's lower. now the question is what do you do, is it high enough to sell that protection? i don't know. i'm han

there is an an arrest in connection of an 8-year-old san francisco who was robbed while selling candy on the street. dan has been following the story and has the report. >> this woman is behind bars. she's been identified as 46-year-old . she's arrested thursday evening and nf robbing an 8-year-old girl. >> the incident happened on monday afternoon near this corner market. surveillance video from the market shows the suspect. police say the 8-year-old who was robbed is one of the three kids standing behind her. the kids were selling candy in the neighborhood. police say after they left the store, the suspect was waiting. she first asked the 8-year-old for bus fair and as the girls begin to give her change she twisted the girls' arms. >> he saw the girls after the robbery, he says the suspect's arrest comes as a great news. >> that's an awful thing you do to kids. >> when they catch somebody, it is a good thing. >> i am so happy, that person needs to be off the street, our kids need to be safe. >> if that happens, it is likely that the suspect will be in court monday or tuesday of next week. kron 4 news.

i'm dan ashley, the growing outrage over a plan that would make selling a home even more expensive inng private business on company time. new research that may just change your boss's mind. those stories and a lot more when cheryl and i see you have at spokesperscard with a new volkswagen turbo.ardd why are we so obsessed with turbo? because we like giving you power, but we also like giving you fuel efficiency. like the sporty jetta. and the turbocharged passat tdi® clean diesel. okay... and the iconic beetle... and the powerful tiguan... okay you can't forget the cc... guys, this is going to take a while. avo: hurry in and you can get a $1,000 turbocharged reward card when you lease a new 2014 jetta se for $199 a month. >>> the iconic san francisco flower mart will soon have a new owner. >> that is right, it is rare in the city which some say despite the offer to buy it everything is not coming up roses. >> abc 7 news reporter amy hollyfield has more. >> this is essential, where i buy 99 percent of my product. >> the san francisco flower mart shoppers are a loyal bunch and can't imag

selling candy on the street. we just received ladonna christian's mug shot. kron 4's dan kerman has been following the story and has our report. 8 year old robbery folo 071814 police say this woman is behind bars she's been identified as 46 year old ladonna christian a san francisco woman with a criminal history arrested thursday evening and now accused of robbing an 8 year old girl sot officer gordon shyy/sf police 14-17: she was arrested for robbery felony assault and willful endangerment of a child the incident happened monday afternoon near this corner market at divisidero and eddy street surveillance video from the market shows the suspect police say the 8 year old who was robbed is one of the three kids standing behind her the kids were selling candy in the neighborhood. police say after they left the store, the suspect was waiting; she first asked the 8 year old for bus fare as the girl began to give her change, police say the suspect twisted the childs arm, causing the girl to drop her bag of money which the suspect took boarded a bus escaped the neighborhood. sot

dan noyes has the investigation. >> his family has been in the business since 1906 selling shark fins to restaurants for shark fin soup. >> >> what is the source of the shark fin? can you tell me the source of the shark fin? >> he has pled not guilty and says they will challenge the ban. they found 2,138 slashing -- shark fins at the warehouse a full six months after the ban took affect. it is a low he knows very well. >> my name is michael cuong. i am the fourth generation to be involved in shark fellowship business. >> he was one of the most vocal opponents appearing at hearings in san francisco. >> it is not just cost effective to catch sharks. when they catch the shark they will use it. >> and now he is the first major test of the new law. charges with four misdemeanors for possession and sale of frozen and processed shark fin and raw shark tail and dried shark fin for display purposes. >> if you knew what the law is why have all of the shark fins? >> the fine is $1,000 and six months in jail. not enough for some activists. >> we don't think this is right. we think this is grossly under done. >> the north cal coor

dan and. they make yogurt. they are thinking about selling it off. there is more in dealmaking and its environment. said we are not yet in the defense environment? stephen, you mentioned the what's app deal. let mark zuckerberg is trying to do there is by office competitors. >> it is that a relatively small level. at the end of the 1990's -- >> $19 billion? >> it is not that big for facebook. this is an m&a cycle that is starting to mature. i think it will be a significant driver of returns going forward. we are not in the world where you would literally wake up and look at the transactions and simply scratch your head. >> they make sense, you're saying? >> they make sense. they're not being maltreated by the market. you are not saying that the company doing the acquisition is being given a significant haircut. the market is reasonably patient with the mergers taking place right now. >> if you look at the total deal william, we would more than double what we saw last year. it would be 30-40% more. is that sustainable? >> it has taken a long time to get the cycle going. last year, it was not a big h

but the $37 call in september, i think you have to sell a higher strike put to lock in some pr t profits. i think the $37 high is good. >> thanks, dan be inclined to take the money and run on this myself. >>> coming up next, the final call from the options pits. five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are the mobile trader app. [ male announcer ] now the world is your trading floor. from td ameritrade. the mobile trader app. [ male announcer ] now the world is your trading floor. i take prilosec otc each morning for my frequent heartburn. because it gives me zero heartburn... annc: prilosec otc the number one doctor recommend frequent heartburn medicine for nine straight years. one pill each morning 24 hours zero heartburn. ♪ "first day of my life" by bright eyes ♪ you're not just looking for a house. you're l

dan carmen if >> reporter: she is accused of robbing and a year old girl of the money she earned selling candy. the girl is one of the three kids sitting behind her. >> make this case agreed this is this the develop the age of the victim. to go to go after in young girl. we do not have the we do not know the impact of what this will have on young girl for a lifetime. >> i know that this is really bad and i feel sorry for the children and parents. i am so sorry that this has happened. >> reporter: by the court room christian sister says this is not out of character for her. >> is on medication. she has not been taking her medication >> reporter:in court christians attorney spoke of how for years his client suffered physical abuse at the hands of her husband and thus there should be released without any bail set but the judge disagreed and set bail and christian's daughter was relieved >>nina travis/christian's daughter should christian make bail the judge has also ordered her to stay at least 150 yards away from the child >> i think they've made the right decision she does not need to be

. >> if you're just tuning in, the stock market selling off of it today, down for a second great day. off about 124 points. dan genter is the chief investment officer at rnc, and dave ellison is chief investment officer and portfolio manager at hennessey funds. good to see you, gentlemen. dan, let me start with you. we're basically going into earnings season later this afternoon. what kind of a season is it going to be and what do you make of today's market action? >>> so i think the fact we'll have 3% to 5% here was baked into the cards, and we were ahead of ourselves with the market up about 9.5%, and it's probably what we're going to see for the full year. if we pull back here, i don't think it's very surprisingened and frankly probably a buys opportunity. >> dan, do you agree? >> i think generally the companies that i follow look at, i look at a bunch of them, they're doing reasonably well, so i think the quarter will be pretty good. on balance, and so the market generally will follow that. i don't see anything that's going to -- i don't see any real big negative energy out there that will drive the market

cramer answers rapid fire calls and i say sell, sell, sell or buy, buy, buy, then this sound and the lightning round is over. are you ready, skee-daddy? danmichigan. >> caller: boo-yah from michigan. i'm looking at huntington bank shares. >> no, no, start buying. that was one of the best quarters of all the regional banks. i like hban. marcia in new york. >> caller: thank you for taking my call. i like wp carey. >> i'm going to suggest epr properties. that develops properties leased to entertainment. that's better in light of the i-max push. jason in maryland. >> caller: thank you for all the advice you give. i have a question about activision blizzard. >> this group is red hot. it's unbelievable. activision is good. don't forget, take two, 52-week. rick in florida. >> caller: yeah, jim, boo-yah to you. >> boo-yah back at you. >> caller: i wanted to ask about six flags? >> i think the stock was down -- look. they obviously said negative things. but you know what? the yield is good, the company's management is good. i like the weakness, but don't forget i like fun more than six. >> caller: what is your opinion of government properties inco

dan project adam back and tell you the breed of dog in the photo. is ai something that can be a big part of microsoft's future? >> the nuts and bolts is sellingws and selling office, right? you talk to microsoft sales people and they will say they go into the biggest accounts and tried to get them to buy the next biggest windows upgrade, the next office. that is where the real money is for this company. they have to appear to be cutting-edge because they want to bring customers along. look. there was a time when you could get a corporation to upgrade because you add the ability to print envelopes. that was a really big deal. these kinds of incremental changes in the basic operating software is what microsoft has been able to upsell every few years. they will have some glittery, shiny objects to get the accounts to think of microsoft as cutting-edge where they need to pursue the latest upgrade. >> but being on the cutting-edge and appearing to be on the cutting-edge are two different things. anurag, can microsoft still be on the cutting-edge if microsoft and windows are there two biggest things? >> investors are looking to see whether the new

selling candy for her school -- robbed in san francisco. >> pam: good evening, i'm pam moore. the crime happened yesterday afternoon. near the city's western addition neighborhood. tonight kron 4's dan kerman has more on the crime. and surveillance video police are hoping will help nab the suspect >> reporter: in this store surveillance video yet it's the were the board tried to get the suspect to buy candy. apparently after they left the store the suspect was weighty and at the 8 year old for bus fare the woman twisted the young girl's arm bedrock where she dropped her money and the woman then took and ran off. >> to meet an adult with them. tohem because there are a lot of strange things going on. >> we generally what visit the area but we avoided after night. >> reporter: have been no arrest to this point in investigators are hopeful that they will be able to identify the suspect in making arrests soon. >> pam: two armed robberies in less the six houes. it's unusual for a cites like palo alto and menlo park. but it has happened. >> pam: kron 4's scott rates spoke to police about it. he joins us live from palo alto to explained what happened. and who police are looking for. scott?

dan. >> microsoft, i don't chase, be a buyer, 42, though. >> k.b. homes, buyer, i'm still in it. >> b.k. >> the world has thrown everything at gold. it can't go higher. sell we're like rushing. >> i don't know. >> it's a fun show, it was a very informative. >> educational and entertaining. >> it was entertaining. i enjoyed tonight. >> jack in the box. >> i'm melissa lee, thank you so much for watching. see you foerm tomorrow for more "fast." don't go anywhere, "mad money" with jim cramer begins right now. >>> my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm trying to make you a little money. my job isn't just to entertain but to educate and teach. call me at 1-800-743-cnbc. or tweet me @jim cramer. let me give you my impression of the peak right

selling pot opened today. washington joins colorado in the sale of legal marijuana. the pot will be tightly regulated, critics are concerned the states could suffer the downsides of drug abuse. daninger is live in seattle with the latest. hi, dan. >> reporter: there's been a lot of buzz not surprisingly around the first day of legal sales in washington. it's turning out mellow. doors opened at high noon at the first business in seattle and first in the state to sell marijuana legally. the lines have been small this morning. reporters outnumber customers. all sales are capped at 2 grams and they'll cost 50 bucks double the street price because legal supply is so limited right now much of the first legal crop will be harvested later this summer. those who did show up this morning say it's an historic day. >> it's all about the freedom. it's all about not sneaking around and buying it. >> we should are the right to be able to choose our vice. >> it's a shame that people are going to prison for it. >> reporter: voters in washington and colorado legalized recreational marijuana in november perform 2012. pot stores opened in colorado back in january of this year. washington took longe

dan, let me ask you this. we just heard from pete and people who mighting nervous about some of the levels the market is reaching. you're worried if they were to sell right now they would miss what, an additional 3 to 4% gain? >> i don't necessarily disagree with what pete is saying. there is learnly risk in this marketplace. no one expected this market to be up 6, 7% on heels of 32% last year the heels of 3 to 5% correction is in the cards. we're flirting with it now. if we see pickup in inflation and fed moves earlier we'll see 10%. i think independent of that, we're in a position to where the earnings are going to come in relatively good. we saw 6.1% in the first quarter. i think we'll probably see positive surprises because people were negative and they were very conservative in the second quarter. i think we'll see% increases in earnings this quarter and probably 9% for the year. so i think we're in a position on future earnings versus trailing at 16.6 pe. i would agree expansion of pe capability is very, very limited but the ability to maintain these p-e's and track roughly 8% earnings trend will be very important i think we still have 10% po

musician is selling his hamptons beach house which come wtsz a gourmet kitchen, 180-degree ocean shoe view, four bedrooms and guest beach -- we want you to know it's out of reach. >> big bucks danano or the piano man. downer. prince george is already charming hearts around the globe. it looks like he'll soon be breaking hearts too. take a look at this rendering of what the royal might look like as an 18-year-old. oh, that is so strange. >> yeah. very strange. >> and kind of cool. >> like a real person. >> it was created by an artist who created the features of both mom and dad and the three of them together. definitely has kate's nose and smile looks like. i prefer him right now at the age he is. cute, cute baby. >>> major cuteness alert. don't move a muscle. this next video i promise, i promise will make your day. 11-week-old lee isaly and her best friend clyde. 8-week-old pit bull. the pair are being gushed about around the world thanks to this adorable video going viral, a little clyde cuddling up to isaly. now watch his face turns in one second. we missed it. he cuddles up right to his cheeks. they've been inseparable and excel at looking cute and taking four naps a day. go

sell it. and as opposed to using it for medicinal purposes. >> reporter: but advocates say this measure is about compassion by providing medicine to those who can't easily afford it. >> and danh the open mike as a cal alum, i thought that was right on. you talked to some people, you think mixed on this, right? >> reporter: well first of all, i can tell you that this passed through the city council with flying colors. it was a unanimous vote. now you might think that a business, brianna, would be opposed to give away products for free? well in berkeley, with their medical marijuana dispensaries that is not the case. they are all on board with this. i should tell you that this medicine can get expensive. it can cost hundreds if not thousands of dollars each month, and so they felt like they wanted to do something that would be compassionate for people of lesser means, brianna. >> we'll have to see if maybe some other municipalities follow suit, thank you. >>> still to come, maybe you heard about joan rivers walking off the set in the middle of a cnn interview this weekend. well on the late show last night, david letterman gave the self-described diva a taste of her own medicin

just thinking back to the spring when there was a similar sell-off in the small caps when the markets were looking a little bit weak, and we had danenhouse on the show, and he memorably said, no, this isn't going to go any deeper, it's time to get exposure. and that time around, he was right. so, lori, did you think the same thing about the small caps last time around? is there something different about the nature of the sell-off this time that has you more concerned? >> you know, we've been cautious all year. and to be honest, what's really different right now versus a few months ago is that back in march, we still had a very favorable money flow environment. retail investors were still putting money into the space, and we've seen over the last few months that's not true. retail investors are pulling out of small cap core funds, out of small cap growth funds, so i think you've lost that money flow cushion here. >> todd, looking at your notes here, you're looking at some levels of resistance. i guess this is for the russell, but yet, you're still buying here. bh what are you buying? give us an example of what you like here that yo

sell marijuana for recreational purposes is opening in washington state. the latest state to get underway with this. the merchant is expecting long lines and supplies to run out. dan seattle. dan, how is it looking so far? >> well, martha, maybe to the surprise of no one the pot heads are sleeping in on his historic first day of legal sales in the state of washington. there are more members of the media outside of cannabis city in seattle than there are customers. eventually there will be over 300 pot retail stores throughout washington state. it is a tightly regulated system with very little surprise. cannabis city has only ten pounds of marijuana to sell. buyers are limited to baggies with two grams. another for four joints and cost $50. shop owners are hoping the regulations work. >> it is a gamble for us as w l well. if the federal government steps in and says no more the amount of money we invested into the business is unfortunately for nothing. >> reporter: and cannabis city opens its doors at nigh noon. i kid you not. >> not everybody is excited about this in the state of washington, i would imagine, right? >> reporter: no, plenty of people are worried abou

dan loeb suggested. i wanted to raise with you. it's the pricing on material, apparently, i do not know enough about the details. you sellerials tern internally from one unit to another. a0parent intly that is unusual do. you plan to do that? >> well the word "integrated," the germans have a word for it, too, it's called vervoun in that's of interest to you. there are two things on this planet, ourselves and our german exceptors, we literally have thousands and thousands of product screens if you like chemicals that feed each other's unit. we run over 900 factories globally. mr. of those factories sit on the same site. we take a waste stream, instead of burning it or treating it, we use it as a feed stock for another production unit. we have thousands of those, there is no markets for those product streams. what we do, we assign economic comforts. we run this according to economic add principals, it means you carry the cost and capital of the upstream that feeds you, so you create a market proxy, we've explained that to third point and everyone else who asked us the question. it's complicated. it's not an easy business t