david geffen is name floated by "the wall street journal." david: you have buyers. do you have a seller? so far mr. sterling said no. we'll get back to the nba in the next segment. we'll talk about natural gas. futures are up more than 13% so far this year. they hit a new 52-week high today. the company swinging to a profit in the first quarter, increasing revenue from its natural gas, also oil sales. how will shale production continue to increase console's profits? liz: with us in a fox business exclusive, the consol energy cfo and executive vice president, swinging to a profit is great news a lot can be attributed to the natural gas production you guys have and not necessarily the coal which used to be your boilerplate, real bailiwick. talk first about natural gas. you see you had very nice moves there, your revenues doubled. what is happening when you look at the nat-gas world right now? >> right now, you're sighing product improvements in the shales. you're seeing pricing going up from the cold winter. you're seeing a mixed shift, not just from us, from a dry ga

it's attractive in a fairly robust situation. >> david geffen?> i think he has been looking at other teams in the past. there are other names that are out there, people who i think will continue to look, from the world of private equity, real estate. it will be a broad, broad auction. >> donald sterling, what happens to him? does he get the money from the sale of the team? thehat will be subject to nba and their lawyers and their ability to work out an agreement with him. >> thank you very much, rob. coming up, looking for a new tailored suit? i will introduce you to a gentleman who has made suits for michael jackson, elton john, and mixed jager. also, a suit that offers hope to people who wants to walk again. you will hear from the maker of ekso wearable suits. ♪ >> yes, the theme is suits. are you in the market for a new suit, but perhaps off the rack is not going to cut it? how about the same tailors whoever dressed frank sinatra, jack nicholson, ringo starr? and stephenk and lachter are here from kent, haste, and lachter. how is it you got in

. >> is fan is reporting that oprah is considering teaming with music mogul david geffen to make a bid to buy the l.a. clippers if the nba board of governors forces donald sterling to sell the team. i'm handing mr. sterling for life from an association with the clippers organization or the nba. >> the was the commissioner when he lifted a maximum fine against darling. $2.5 million. the controversy began last weekend after moderate record in. >> starlings punishment was met with immediate support. >> from personal interactions with donald sterling of was not surprised. >> there is a trade between me and danny manning that did not go through. after the trade did not go through when actually played the clippers a few days later. >> i think adam silver did a great job. >> the clippers' coach said the team was thankful for the support of fans last night. they beat the golden state warriors and game 5 of their playoff series. a man tried to rob becker's store in the south loop. did not get very far. she >> yohe told employees that he was part of the night cleaning crew. >> security held him

media mogel david geffen says he's interested in buying the team. matt damon says he'd jump in. and conflicting reports that magic johnson is interested. commissioner silver said he hopes sponsors see the n-b-a's response and will return. the head of the sec tells congress-- u.s. financial markets-- are not rigged. mary jo white-- chairwoman of the securities and exchange commission -- says the markets are not perfect-- but are the strongest and most reliable in the world. and, there is no evidence yet high-speed traders have done anything illegal. white was responding to the book "flash boys" written by famous author michael lewis who claims high speed traders are using electronics to gain unfair advantage over average investors. she made the comments during a house of reprepsenative review of the sec budget. a chicago trading exchange is considering placing daily limits on price moves in gold and silver futures to control wild swings in the market. cme group already has price fluctuation limits on energy, agriculture and financial futures. the director of metal products at cme

david geffen. i seem all the time at the laker games.be people switches uniform. >> this is a reminder of the value of sports franchises. sports. when you are trying to do something this quickly, and we are talking about a highly valued team, how does that come together? what kind of map has to take place to figure out whether it can stay to be a local group? >> nothing is going to come together quickly. no one has decided he has to sell the team. what i have heard so far from the legal side is it is wide open. it may not be required that he sell the team. in terms of the economics of the situation right now the economic situation are very good. you're a free agent, and you try to get hired by the clippers right now with this, are you coming here? you need to stabilize. >> what is donald sterling's reputation? >> he has ultimately done a good job with the clippers. they are winning now. they are popular. i guess it has been mixed. >> people were saying it has been no surprise. he has been a known racist. do people know that? >> i hadn't

name was rumored first but he denied trying to buy the clippers, but the biggest name, oprah with david geffen to buy the team. as oscar day la jolla. sterling bought the team for $12 million, and now it's estimated as $575 million but most experts believe that number could be significantly higher. you see the milwaukee bucks were valued at $405 million by forbes but they were purchased earlier this month for a record setting $550 million. but right now it's up to donald sterling, richelle, and he'll plan to file an anti-trust lawsuit, drag this out in court, claiming the other owners forced him out, thereby forcing the drop in the price tag of the team. >> next would be to pick the person who would own this team. they have to worry about reputation and all kinds of things. oprah. all right, ron, thank you so much. still to come on al jazeera america, minimum wage fails on the senate floor even though president obama made a big bush. and working to save a piece of american history rosy the riveter put on the map. >> welcome back on wall street the dow closed at an all-time high, thanks to a bo

he plans to team up with david geffen and others to buy the team. mayweather jr. said he hopes to buy the group. donald sterling purchased the team for reported $12 million. according to forbes the value of the clippers estimated at $575 million. but most experts feel that number could be significantly higher. you see, the milwaukee bucks were valued at $405 million by forbes, but they were purchased for $550 million. well, right now, thomas, it is up to donald sterling because he could take action, file a class action lawsuit, drag it out in court claiming the other owners forced him out. >> the saga continues. we'll keep you up dated. >>> crude oil is leaking in a river in virginia after a train derailed today. it happened in the city of lynchburg and involved 13 to 14 tanker cars. 300 people have been evacuated from downtown lynchburg. we understand that the train caught on fire after it derailed. flames and dense black smoke. it could be seen from a distance. no word how much crude is going into the james river the fire department is looking at options of how

in 2010, david geffen offered him $700 million for the team. and he declined that offer.ou remember the huge pile of money the joker burned in "the dark knight"? that is how much this donald sterling is going to get for the clippers. i still don't understand how a person who doesn't want to associate with black people winds up owning an nba franchise. it's like a vegan buying an outback steakhouse. but he did. it was interesting to watch espn today because everyone pretty much agreed the league did the right thing. it's rare that you see that. there wasn't much argument from anyone. but there was a lot of analysis of what exactly this all means and how it will work legally. i thought this was interesting. this is from last night's "nbc nightly news." >> in the midst of the playoffs players and fans are calling for the nba to take swift action against donald sterling, the l.a. clippers owner accused of making racist remarks. but usc law professor jody armor says it's a complex situation. >> the owners wouldn't want to establish a precedent. >> jimmy: i remember a time when

if you want to put in a bid, i've got to tell you, the biggest bidders that i've heard about, david geffen, along with oprah winfrey, the latest report. it would be great to have another minority owner if oprah was involved. larry ellison involved in the team. they have to take into account who can put up the most money. talking about three of the richest people in america. if they decide to actually bid on this team together, last night you had shelly sterling sitting in one of the boxes and they keep going back and forth to her and we talked about her history, if you could replace that with oprah and david geffen and larry ellison, i think the nba would take that pr, don't you? >> you know, it's funny when you think about one ironic moment, maybe it's not that funny, kareem, your thoughts on this, if the milwaukee bucks sold recently for $600 million, relatively small media market like milwaukee, there's a bidding war for the clippers. i'm guessing it could go for a billion dollars. the irony, who's going to get that money? that would be sterling who paid $12 million for the clippers in

magic johnson, former microsoft ceo steve ballmer, david geffen, boxer floyd mayweather and even oprahed. but what if sterling fights the sale? joining me now, sports law attorney jeffrey kessler. first, does the league have the power to vote sterling out? he is a lawyer. he could fight it, one thinks. >> he can try to fight, but he agreed to the nba constitution and bylaws, and in those documents it says that, 3/4 of the owners can vote to terminate the ownership of any nba owner if they are found to have violated various provisions of the constitution of bylaws. i believe in this case the league will have very significant arguments that it can proceed in exactly that fashion. >> now silver, when asked about the fact that this was apparently an illegally recorded phone call, because california's a state that requires consent to record a phone call, leaked, adam silver, nba commissioner said, whether or not it was private, it's public now and this is what's in the best interest the nba. legally, does sterling have any recourse here at all? >> well, again, i'm sure he has many talented

team and the internet speculates on which celebrity might buy it, we've been told by music mogul david geffen'sfice that geffen, oprah winfrey may be interested if it became official. the l.a. times reports that a tenant stated at a deposition that mrs. sterling addressed him using a racial slur. and there's a court order from 2003 which says that she apparently posed as a health inspector while visiting a tenant's apartment, though there's no evidence found that she actually entered the apartment. many experts believe shelly sterling may have a tough time inheriting the time which could allow her husband to sidestep the ruling banning him for life. the nba did seem to indicate tuesday that mr. sterling's real estate dealings, along with other past behavior, will weigh in on how the league approaches any forced sale of the team. >> in meeting out this punishment, we did not take into account his past behavior. when the board ultimately considers his overall fitness to be an owner in the nba, they will take into account a lifetime of behavior. >> executive editor of sports law blog, he also teac

tonight the list of people ready to pay sterling big, big bucks oprah, david geffen, and software billionaire larry ellison. also on the licks boxers floyd may weather and oscar de la hoya. he will join me live in just a minute. but first, jason carroll is "outfront" with sterling's next move. >> should we give away some of the clipper girls? >> reporter: current l.a. clippers owner donald sterling celebrating during better times. he may have to sell much more than that. >> i am banning mr. sterling for life. >> reporter: nba commissioner adam silver praised for banning sterling from the nba for his racist comments and potentially forcing the sale of his team. >> i'm very proud of the way he has acted, and he hasn't wasted any time. >> this issue transcends basketball. i think the punishment was just right. >> reporter: but will sterling go willingly? >> i think everyone expects him to fight. >> reporter: article 13 of the nba constitution does allow for termination of ownership or membership, but it requires a 3/4 vote from its owners. silver says he already has the support from several of t

david geffen has 6 billion. >> steve bomber will be the buyer. you have david geffen. there was a weird tweet yesterday by magic johnson. he has an owner, i'm not buying it but he's already involved with guggenheim. they own the dodgers, they're right there in l.a., it macs sense. >> the nba wants magic. how perfect would it be that an instagram picture with magic johnson and donald sterling's girlfriend started this whole thing. he gets the team. floyd mayweather wants the team. >> would the team move? >> no chance. i can't imagine anyone would do this to the city of los angeles. i think the board of governors will require the team stays there. >> mark lazry just bought milwaukee. he could have had l.a. >> for the same type of money. this team is probably going around a billion dollars. >> he has twice as many chances to win a title. >> by two. i don't know if anyone has that kind of cash. >> he would like to own more than one team? >> not in different markets. you have to earn your sports franchises in one market. >> really? >> you know a lot. you should do this for

. >> david geffen, the media mogul . ustrieste, -- tweet @bsurveillance. breaking news, the volume of exelontions, m&a deals, looking to buy pepco for about %27.25 in cash. exelon looking to make a bid for pepco for $27.25 in cash, $5.4 billion. >> the mergers and acquisition show. the apple deal yesterday is an example. >> bond sale. needed to geteld it done for less amount of money. compared to what it would have been five years or 10 years ago, it is a giveaway. theere's the stunner of day. the a.j. stunner of the day, utilities up 13.5% because of the interest rate issue. lower for longer. >> douglas ramsey was on "surveillance was quite radio yesterday. he says it is a mystery. he says it does not look normal that utilities are on such a run. >> you almost wonder is it reflects the notion that the fed was going to raise rates sooner than expected and all the sudden janet yellen says no, we will keep low rates for longer. that is good for utilities. >> we will monitor this story with exelon and pepco. >> wants to monitor. there is a fed meeting this af

this is what david geffen does. they spend an enormous amount of money in politics.loor of the senate by a man who has his own connections to the subsidiary of the koch brothers! harry reid should be called out on this by every republican and everyone of good conscience in the u.s. senate. i find what he's doing on this to be frankly dangerous, disturbing. but it's typical harry. he doesn't have a record to talk about. so he demeans and tries to divide by going after two men who have not violated laws, who are businessmen trying to actually create opportunity for people in this country. i find it disgusting. >> i can tell. >> yeah. harry reid, you know, back to the old male bull. >> we know you got to get ready for your radio show. >> i think she's ready. >> yeah, she is. >> we'll see you back here next week. >> sorry, kentucky. we like you, but sorry. >> indeed. steny hoyer from maryland, democrat, will be on the program in a moment. i think you're going to ask him about harry reid. >> i think i am. >>> it's home to the controversial ground zero mosque. now that new

and david geffen are all said to be among the interested parties. farce the actual team the clippers had to prepare for game five of their playoff series against the golden state warriors. following commissioner silver's announcement, the team posted this message on their website simply reading "we are one." and last night, the game began without delay. something that almost didn't happen. both the warriors and clippers and possibly the other four teams playing last night were all reportedly going to boycott last night's games if they were unsatisfied with silver's ruling. >> willie geist, the nba moved very quickly. everybody is talking about the hammer dropping on this guy. they really didn't have much of a choice, did they? >> no, adam silver did the right thing. what's to know about him, people say, oh, my gosh, he's only been on the job for three months. he's been at the nba for 23 years. he serve ted right hand of david stern. he knew this league. he did it the right way. he authenticated the tape. he made sure he had all the information. he d