i'm dennis kelly and i'm the president of the united educators of san francisco. ladies and gentlemen of the board of education and mr. superintendent, a member of the board of education went to the commission of the board of supervisors and said she would like to give the teachers and paras 300% salary increase. now that was different. we got excited. we got out our buckets and got our bushel baskets ready to receive that unexpected windfall. but she then talked about sacramento and then she blamed the city for the high cost of living. as mr. trey just said though, it's your job. you have a $700 million budget. that budget has gone up. the number of dollars you get per student has risen thanks to proposition 30. you heard tonight people talking about what happens to a school when you can't get teachers and you can't get teachers to stay? let me ask you know, how many open positions do you have in the teacher force right now? five? ten? 20? wait until we get to 79 and then raise your hand. how many of you have vacancies in the paraprofessional core? over 60. peopl

while we are joined by phil lebeau and denny kelly.st to you, when the first jet went down this summer these are the questions immediately raised and now again. has any steps made in the industry since? why is it we can't track a plane? >> well the biggest problem is the vast distances. you know you have satellites and some of these airplanes have capability but you have such vast distances that sometimes the information they get is inaccurate and sometimes they don't get any information at all and the technology is not up to date on these airplanes where they can track them you know within a quarter of a mile or so. sometime in the future maybe but not now. >> why is that the case phil? >> money and the push is not there internationally. from the airlines' perspective they are using the technology that's been there for sometime. air traffic control centers and the captain mentioned, there are satellite coordinates and satellite communications so they can track airlines generally speaking relatively close but not exactly where they are

kelly? >> that's a point, diana. thank you very much. diana olick. for more, dennis gartman joins me now.h kevin o'leary. dennis, a lot of people will say that the drop in oil prices is positive reverberations and maybe not so fast. i guess the first question is, does oil stay down at these levels? what is your latest thinking on this? >> i think probably oil does stay down here and might go a tad lower. i've been very bearish with the manner of the term structure moving. but all of a sudden in the past couple of days the term structure's beginning to move the other direction. i think the time for being overtly bearish of crude oil is probably past. think the time for bullish of crude oil lies a long way into the future. i'd like to think that crude oil will stabilize down here and can't imagine that people go out and rush out and buy a new house with the fact of crude oil prices fallen. but i bet they do go out and buy a bit more as far as christmas presents are concerned and going to happen so let's just say it's been a great thing for the economy, no ifs, ands or buts about it and not

denny's delicacies in north philadelphia. some folks walked out with whatever they could carry. the bakery stayed busy all day baking cup cakes cakes and other delicious items. >> ♪ >> that's philadelphia famous timmy kellyerenading shoppers port richmond today. it was a welcome treat as shoppers picked up a variety of baked goods for the bakery that's known for its special counter pike. >> and we are sharing our christmas spirit with you on the "action news" facebook page. pictures, videos holiday tradition they are just what some of fans of our facebook page can get. make sure you're getting everything that we have to offer by liking our page. it's facebook.com/6abcaction news. >> in other news tonight philadelphia police are searching for the person who beat, shot and robbed a man in the logan section of the city this morning. just after 1:30 a.m. someone attacked a 44-year-old man at the intersection of ogontz and olney avenues. he was shot once in the side. the attackers took a hundred dollars and got away. the victim is now in stable condition at einstein medical center. >>> well, the holiday will be a very difficult one for one philadelphia family. they lost a loved one in a hit and run accident a

dennis gartman is bottom is near. that's all at 5:00. now dominic chu for a quick market flash. >> kellyg sharyls of mcgraw-hill financial. the stock moved lower at the end of regular trading on a bloomberg report that the s.e.c. is said to be seeking to possibly suspend the s&p bond ratings unit from rating commercial mortgage-backed securities. again, they did receive the company s&p financial a wells notice earlier this summer regarding possible ratings and disclosures made about different cmbs deals in 2011 but still again a bloomberg report saying that s&p may, again, the government may look to suspend s&p from rating commercial mortgage-ratings backed securities and the shares down as much as 4% in regular trading and 2% to close the day out. back over to you. >> a space to watch. thank you. >>> the age-old question, which gives you better returns, stocks or owning a home? some of the best brains in the money business are taking that issue on. we'll find out if they agree with "shark tank's" kevin o'leary saying homes are terrible investments. he is here next. >>> plus, high-end ca