and we were at negative 8% grosse pointe woods. we're now creating somewhere between 100 and 200,000 jobs a month and we're in, around 2% grosse pointe woo gdp and i think that-- >> 2% gdp. most of us look at it three quarters full. >> i know you're excited, todd. we'll get to you in a minute. gary b, you're concerned about growth, aren't you? >> first of all, i think that todd needs one of toby's dividend doobies to calm down a little bit. and second of all, i'm concerned. and i'll give the half full case first. the fed has been put in a lot of cheap money into the economy, that's the good news. it's still sloshing around out there and i think that that's helpful and the bad news is, it gets right back to what we led with, brenda, the unemployment. and you have an effective. >> look, they can spin it anyway they want. the effective rate is about 15% and that's really not budged in the past few months. and that's what's holding us back. and you have value, you have an anti-business administration, you have the highest corporate tax

. >> they're talking about how to get that inflation at that gross point. >> jamie, thank you very much. opposition activists in syria say heavy shelling by government forces is continuing in the city of homs. they claim that tanks have shelled -- killing two people. the facts are pretty much impossible to verify. but these reports found as kofi annan plans to do his peace plans. >> they are on the ground and hoping to make a difference, but they haven't yet. just a handful of u.n. observers so far, more to come soon but for the moment, it's preparation rather than action. >> we are a -- we just came yesterday. we have been doing our normal plan and normal coordination in order to assume our task as soon as possible. >> that cannot come soon enough. government forces there have continued to pound rebel headquarters with heavy weapons. some activists are saying there may not be left to see if the observers don't come soon. the military tanks and heavy weapons were supposed to have been withdrawn a week ago under the annan peace plan. the russians who were instrumental in persuading syria

out, you know, a way to get everybody back and -- and i hadn't seen -- you know, i mean, i love "grosse pointy back. they're coming --" you know, everybody can relate to that. >> jimmy: what is stifler up to? [ laughs ] he can't even say it. >> stifler -- he's regressed a little bit. you know, everybody around him has changed but he just can't -- he can't conform to society. [ light laughter ] that's the most intelligent way that i could actually explain it. >> jimmy: he can't conform? >> no. no. he's kind of gone off the deep end. but the movie is so funny. we had a -- we had a screening for it, like a couple week weeks ago and -- and i thought the movie was gonna be great because we had such a great time filming it but i was watching and it was awesome. but i went with my mom and -- [ laughter ] i don't know what i was thinking. >> jimmy: why would you do that? yeah, you can't -- you can't -- >> it was really awkward but then -- but then there was -- the weirdest part is in the film -- i don't know if jason told you this but he shows his ding-dong in the movie. [ laughter ] he does -- >> ju

fundraiser and long time clinton port are, mccauliffe, says that the the president want to do what the grosse pointe before, only this time on steroids and the president himself mocked mitt romney for saying that russia is a bigger enemy than al-qaeda and he said, i didn't know we were back in 1975. and the controversial campaign ad that features bill clinton and a jab at presumptive nominee mitt romney. new reaction to that. >> that's right the president's campaign says the ad is appropriate and the romney says it unnecessary politicizes the killing of usama bin laden. and here is the reaction from both sides on the sunday talk shows, first romney aide he had gillespie talking about obama. >> took something that was a unifying event for all americans, an event that governor romney congratulated him and the military and the intelligent analysts and our government for completing the mission in terms of killing usama bin laden and he's managed to turn it into a divisive partisan political attack. just a few years ago, president obama, then a candidate, said in a speech that if we had actionable intell

so what this boils down to is they owe -- their taxable gross receipts from the city's point of view is 26.25% of their global gross receipts or $262.5 million and they calculate their tax using the marginal rates i just discussed. if you're selling a product or a piece of information, you would use this form of apportionment and what it tends to do is reflect both where your payroll expense is and where your sales are. let me talk briefly about the economic impact of the alternate because one of the reasons for considering replacements for the payroll tax is the economic side of it. we project that even a revenue-neutral replacement of the payroll tax with a gross receipts tax would create many jobs in san francisco. we think that over a 20-year period, it would create on average about 2500 jobs simply by removing that disincentive to applies to the cost of labor. partly that's what that's from. it's also due to, as i mentioned before, the payroll tax is growing faster so in the future you'd be paying less tax with a gross receipts tax and we've shifted the tax burden across industri

inside his ritzy grosse pointe home, his future is in question. >> robert besh ar ra, his children areeading water in a lake full of sharks. >> reporter: it's a horrifying, bizarre case. that shocked this affluent detroit suburb. it started in january when jean beshara, mother of two, was found in this detroit alley, dead, inside her mercedes suv. the successful marketing executive had been strangled. days later police named bob beshara, her husband of 26 years, a person of interest. >> we -- we loved each other. >> reporter: while their marriage wasn't perfect, beshara insists he would never hurt his wife. >> the fact that maybe the person of interest is unthinkable to me, that they think i could harm my sweetheart. >> reporter: then a strange twist. family acquaintance and handyman joe gibbs reportedly confused to the gruesome crime and said bob beshara had paid him cash, and this old cadillac, to kill mrs. beshara. >> you're under arrest for the murder of jane bashara. >> police didn't confirm the confession but he was charged with murder. he's mentally disabled, according to report

we have to change definitions, as you point out. gross domestic product by itself does not help. so we've been talking than for 20 years. but there are now i think institutionally i think that's beginning to change. i'll stop with that. the other questions are great. but that was a good opening. >> and that addressed also the -- >> the first question. >> the planning under pressure question. >> okay. >> not fully. >> let me try. they're really great questions. and of course we are all trying collectively to find answers to some of these very difficult questions. just to go back on your point, nancy, on the gas. actually, if you look at the way gas projects are done, gas to power projects are done and how renewable energy projects are done, the gas technology is very well established. it's less risky. there are no barriers to developing those kinds of projects. so what needs to be done on the renewable side is derisk the projects that we try to do in renewable energy. costs are higher. technologies are unproven. it's not available at scale. so some of the work that the world bank

grosse pointe woods, a sizable summit, just a tad more is not available for domestic programs and financingilitary and where is it going to, do you think that mr. obama is going to cut medicaid? do you think he's going to cut the money going into obamacare? no he's going to take it out of the military. another thing he would like, the day will come that we'll be defending the persian gulf and bows and arrows to pay the taxes. that's about 25% of-- that's more like 40% of the u.s. military budget where he's going to take it and again, it's the program po weaken america, from a president who doesn't believe in america and policies are slowly destroying america. >> when i see a gondola in the hudson river, i will call you, i hope not-- >> remember the mouse that roars with the long boat. >> you're painting a brightening picture. something i hope we will never see, but appears that we have a historical responsibility to the world to give them our money. >> peter more rissi, thank you for coming in with your opinion on this. >> take care of yourself. >> clayton: good to see you. >> alisyn: and a

and second, nike's gross margin, after the cost of sales, climbed by a whopping 200 basis points, andut costs, margin erosion, not a good thing. and nike's inventories, bold, surge, whatever you want to say, rising 32%, and high inventories they always freak investors out, because when companies have too much merchandise, they need to radically discount the products to get them off the books. to make matters worse, the company talked about continuing global challenges from the economy. courtesy of unpmt, debt, caused by political uncertainty. they also said higher in put costs would continue. continue to be a problem in 2012. i would hope they would moderate. scary stuff? why am i not more concerned? why am i not shaking like everyone else? let's start with the margin issue nike, across the board price increases of 8%, and, look, nike is king. they had the pricing power to make price increases stick. that should be a huge boom for the gross margin going forward. 32% inventory surge, 28 points came from higher in put costs and changes in the product mix. and in other words, only 12 per

it's no wonder kimberly saw gross margin rise by 250 basis points, 33.2%. procter, fell. kimberly-clark is a vast emerging market business mostly flown under the radar until recently. they get 35% of sales from latin america and asia. personal care division diapers is kicking butt and taking names all over the world. 45% growth in china. smaller base. 25% growth in russia. 25% growth in latin america. what were they blowing their nose on? what were they using for diapers? maybe that's too granular. these numbers are staggering. they may have to revisit the forecast if trends continue. europe, i thought they cut everything other than their sleeves. this is procter & gamble's backyard and it is good kimberly-clark uses disarray of procter to eat their lunch. in the competitive environment in the united states, kimberly-clark took share in five of eight categories. seven of eight versus previous quarter. other companies use international weakness as an alibi for disappointing results. heard from almost every company, kimberly-clark was upbeat about the global economy. talk a

credibility you're in now denouncing the system that you were part of it at some point or no i was elected i was my gross of poetry and i always fight this treaty i fight your system with. i fight the european constitution and we won the french referendum in two to five so i was always in the same so i tried in the system to change the system. i tried to say people french people we should resist we should have to all in policy i could not do it in system so. why in the interest to goodness for france i certain for example i cannot accept that i live left this creature in my parking let's talk about what happened in that loose a gunman had killed seven people there he is of an immigrant background what do you think this incident represents it's represents a danger but i was the i left clip for ten years. so the french government we need to control our borders so you're saying it's a problem of immigration no it's a problem of security because you have many french people who are coming from missed in country were very climb. the tree yards so many soldiers in afghanistan are died and they were from the imm

. >> i take your point that it is true that even in the gross receipts proposal, sole proprietors and partnerships would see their rates rise from $25 to $150 per year. obviously, the fee increases are much higher. how that question gets spent in terms of the office of small business or others is not a decision for us to make. you make a valid point. it is something decision makers are willing to have to take on, how this impacts small business and what we do to prevent small business from being adversely affected by it. there may be an issue about dedicating tax revenue, changing the voter threshold. right now, the tax goes to the general fund. because of that, it only takes a simple majority vote to do anything with it. to increase the rates. if we were to make a designated tax, that is not to say that the board and the mayor could not say, coming down the pike, we recognize the increased burden on small business for it separately, we want to do something for the office of small business to allow them to respond to those adversely affected businesses. >> just to give you -- make sur

point. we're looking at a gross margin side for the camp that is basically significantly higher than what the company has been able to post on average for the past 10 to 12 wreers. >> how are they going to manage that? >> basically, we're going to see a mix helping with margin again in the second half. a little bit of a declining q2 because of the -- product using technology. i think the gross margin decline near term actually speaks for the success of that new product. it's very difficult to do. it's a technology that nobody else has. intel is basically three, four years ahead of tsnt and the magnitude of this talked about 25% of their mix is really going to speak to the success of the camp and execution in manufacturing. >> a very good question for tristan. >> why would you own intel here? why would you own any stock that is somewhat geared into the windows 8 upgrade? don't you expect to see a pause in buying when you have what's perhaps one of the biggest upgrades we've seen in all technology? you're going to need new technology, so why isn't it going to be to joe's point even more of a sl

percent increase in murders that are not prosecuted the dan gross president brady campaign said this research demonstrates a fundamental point stand your ground laws are dangerous on their own as mentality we're also seen homicides justifiable homicides committed by police officers are going up as well that's a whole mentality associated with this that's sweeping the country isn't it time for us to pull back from this and stop being the rand of the fearful and trigger happy go back to being the home of the brave. very point you know this is it's not a new concept to defend yourself if somebody is using lethal force against you it's under the common law which audience vacuity there is a few others can't say if somebody comes after you and they're using lethal force and you can respond and it's up to people to not you're the reason was if it's true that it's up to a jury to decide whether somebody when you have somebody to get it to the jury which means you have to have an arrest of the prosecutor and right now that's not happening and i don't i don't know how anybody. then look at the. trayvon disaster in florida and not real

we have seen a batch of negative dates where we've seen gross domestic product in spain and go down the first quarter by point three percent compared to the previous quarter also was downgraded its outlook for sixteen banks and this is why we're seeing both of the and the dax go down within half a percent. on the commodities markets we're also seeing pretty similar movements around the world just more than half a dollar per barrel for both brant and light sweet investors it seems are pretty hard to impress the margin in april for trading and oil has been the narrowest in seventeen years but with that we've been we've been seeing actually and it seems that because supplies are stabilizing but on the other hand. growth economic growth in the united states is also slowing down we are seeing the stabilization of oil prices. in the currencies markets also not very dramatic trading today with the euro declining slightly versus the dollar while the ruble is weakening against both currencies and as i said the russian market story is no trading on monday because it's a day off but there was trading on saturday it's ve

secretary he and the first lady had an adjusted gross income of over seven-hundred- eeghtt--ine-thousand-dolllrs and an effective ax rate of just twenny-pointident's secrrtary, anita breekenridge, paid .... even though she earned &pninety-ffve-thoosand-dollars white house spokeswoman toll fox it's "exactly why we need to reform our tax code and ask the wealthiest to pay their fair hare.though it could complicate his case against republican mitt rooney(take sot)gonzales says: "relative to the majority 3 <> henry, fox news. 3 <> 3 33 coming up...the high price some students have to pay...to graddate at one sshool... ...and a criminal... without common sense...the mistake... that allowed police to trrac him down really fast...after that allowed police to trrac him down really fast...after i bathed it in mir director: [ sighs ] cut! sorry to interrupt. when's the show? well, if we don't find an audience, all we'll ever do is rehearse. maybe you should try every door direct mail. just select the zip codes where you want your message to be seen, print it yourself, or we'll help you find a local partner and you find the cus

point with that image? >> who are you, beaver cleaver, you can say hell. >> my children are watching. >> you are sitting there going? >> it's grossng freaky. if you want to make a point, female circumcision is wrong. >> good intentions, bad presentation. >> we're not done making a point. we want to know why this man, the one you're going to see, is buck naked in an airport. tsa wants to know, so did frightened children. >>> when i was involved with "heroes" in 2008, carolyn's project just touched my heart. you think about the people in this world that need help. the last people on that list are the children of incarcerated parents. that to me is why i'm coming out here today. >> approaching destination on the left. >> so what are the total number of messages delivered by the messages project now? >> we're right at 9,000. >> wow. that's a lot of children that have this opportunity. >> gate, please. >> so tell me about this facility. >> this is a maximum security prison. and it is the pilot for california. >> thanks. >> good morning. how are you? i'm carolyn. talk from your heart. 15 minutes. we're going to give you a signal. >> ar

secretary he and the first lady had an adjusted gross income of over seven-hundred- eeghtt--ine-thousand-dolllrs and an effective ax rate of just twenny-pointident's secrrtary, anita breekenridge, paid .... even though she earned &pninety-ffve-thoosand-dollars white house spokeswoman toll fox it's "exactly why we need to reform our tax code and ask the wealthiest to pay their fair hare.though it could complicate his case against republican mitt rooney(take sot)gonzales says: "relative to the majority 3 <> henry, fox news. 3 <> 3 33 coming up...the high price some students have to pay...to graddate at one sshool... ...and a criminal... without common sense...the mistake... that allowed police to trrac him down really fast...after 3 you need to know about a major project on the j-f-x.startinn at 7-pm...the left lane in both directions of the j-f-x near 29th street was shut doon. crews are making emergency repairs to clogged and &pcollapsed drain-pipes.the wor will reduce traffic flow by at leest a third áárepairsáá could take... a month. it's.../ the day ...highhschool seniors... look forward to áágraduationáá... . . b

second, nike's gross margin declined by a whopping 200 basis points, or two percentage points to 43.8%nput costs. margin erosion, not a good thing. third, nike's inventories bowled, surged, whatever you want to say, rising 32%, and high inventories, they always freak investors out, because when companies have too much merchandise, they often need to radically discount the products to get them off the books. to make matters worse, the company talked about continuing global challenges from the economy, courtesy of unemployment, debt, and currency issues caused by political uncertainty. i don't want to hear nike tell me that stuff. and they also said that higher input costs would continue, continue to be a problem in 2012. i would hoping that they would moderate. scary stuff? so why am i not more concerned? why am i not shaking like everyone else? let's start with the margin issue. we know nike's putting through across-the-board price increases of 8%. and look, nike's king. they have the power, the pricing power to make those price increases stick. that should be a huge boon for the compa

gross. but here's the point. frog isn't really alive and what we are doing is throwing electricity in. when the lanes move we say it's economic horse power but we're being a bit disingenuous. another point, especially to that tweet. you know, if the toxic areas we are storing this paper are a way to nationalize some in the economy and banking industry and interest rates then the new normal that mr. gross and his firm put forth is a great phrase, the new normal isn't really being allowed to grow. how long can we have the subsidy? how can we get rid of it? this is huge. how can you make money on it? just think, if we have a really bad or good jobs report on friday, it makes the outcome in the market ten times more volatile, because it's going to bring in the liquidity factor from the fed every time, especially if it's a weak number. back to you >> that's right. i love the dead frog analogy, rick. that's a good one. rick santelli, bringing gordon charloff, joins us. good to have you, gordon. pretty impactful fed min

two hundred percent gross hydro on the mice a source of my hefty beating it was down three point six six percent a second look at those figures on the stocks. that's on rumors that basically that sale of two billion dollars worth of shares to state bank to be postponed the n.k.v.d. was much better than the market that's after announcing their profits increased forty one percent in two thousand and eleven and after visor was one of the you again as it was up one percent as it started producing the new model the law goes the first model since it's a partnership with us. now saying with the auto industry russia's car assembling a holding after top canadian auto parts producer magna are considering creating a car making cluster in russia to achieve this company's plan to set up twenty one new plants in the country's northwest. rise moved to other stock markets here in the u.s. as i mentioned it's getting a bit better the dow jones is now down just a point nine percent used to be down under half nasdaq still one half percent lower yahoo is cutting two thousand jobs added pressure to the s

point out. there's gross domestic product by itself does not help. we have been talking about that for 20 years, but they are now i think institutionally that is beginning to change. the other questions are great but that was a good opening, nina. >> that address also the planning under pressure question. >> let me try the really great question, and, of course, we are all trying collectively to find answers to some of these very difficult questions. just to go back on your point, nancy, on the gap. actually, if you look at the way gas projects are done, power projects are done and how renewable energy products are done, in gas technology, it is very, very well-established. there are no bad areas to developing this kind of projects. so what needs to be done on the renewable energy site is to leave it, the projects we tried to do, it's not available at scale. so some of the work that the world bank and other institutions are doing is to find ways in which renewable energy -- this is a major area that we're putting a lot of focus on. >> this is the poin

also sales topped estimates but the company did say that gross margins will come down by one to two pointssupport investment and greater traffic. that's one of the losers in the trade. the nasdaq isn't just tech. take a look at biotech movers. celgene, regeneron, beating the street. gilead, that company is developing a hepatitis c treatment. on the earnings call, the company expected to provide clarity on its most current test data. >> let's get to the ceos of two chipmakers out witherni erer ea after the bell. xilinx, unveiled its new product that says is for the next decade of all programmable devices. provided strong guidance. the stock up 6%. the company's president and ceo, he joins us for a cnbc exclusive interview. great to see you. >> great to be here. >> a lot of the analysts on the street this morning are applauding the turnaround that we've seen in communications infrastructure. what is that being driven bip? when we think about that and a billout we think of the 4g devices, android devices, what is the plamain catalyst? >> you're right, there's a growing need for insatiable int

points in the hang seng down 68. >>> wall street will focus on more earnings report, new data on the health of the economy. the commerce department's first look at gross domestic product for the first quarter is expected to show a slight drop as the u.s. recovery sends more mixed signals. the number of new em employment claims was 388,000. but the latest housing numbers were better, pending sales up 4%, a two-year high. >>> earnings reports yesterday amazon.com blew past expectations sparked by the kindle fire. it rose in trade after the bell. >>> south korea posted a record profit on the strength of galaxy smart phone which outsell the iphone. >>> starbucks were up in you s. but felt short in the europe in and middle east. spain's credit rating was cut by standard & poor's with the outlook on the country's long term rating now negative. >>> the price of crude oil is back over $104 a barrels a we approach the start of the summer driving season. >>> and finally, a part of american history is going on the auction block. the opera glasses used by president abraham lincoln the night he was assassinated will be up for bid monday in los angeles. the binocul

point. >> it is no secret that grow scouts builds courage confidence, and characters and girls. tonight lubbers of the girl scout council visited us here -- tonight leaders of the gross scout council visited us. you can see maureen bunyan on the set. they got to sit down and have a nice dinner and a lively discussion. >> they were kind enough to drop off a few boxes of cookies. >> we were very appreciative of that. clucks what they're wise, it is not quite as cool. >> -- >> what they're wise, it is not quite as cool. >> you miss those snow days, you get out of school early. it was a sunny day but still a little bit on the cool side. with the dry air around us and because we really are indeed getting dry air and dryer, that is why soil is so dry that i really do not think we will be seeing widespread -- our temperature 54 degrees. this is the time of the year when the atmosphere is warming up. in four weeks the average height is 75 degrees. and that is the kind of air coming our way for the weekend. cherry blossom parade on saturday. wonderful, wonderful weather. it will be a little bit cool starting off tomorrow. current temperatures only 54 degrees in washington. th

>> the point i would make to the honorable lady is that the recession we suffered -- a 7% contraction of our grossomestic product -- was much bigger even than what happened in america. it is worth remembering that the biggest bank bail-out anywhere in the world was not in america, it was here in britain. getting out of the recession, the financial crisis and the debt crisis is difficult, painstaking work, but this government are committed to doing just that. >> last week, i met the chief executive of the fourth largest manufacturing group in the uk, unison engineering, which has a substantial factory in burnley. he has been instructed by his u.s. board to increase the turnover of his u.k. operations so as to take advantage of the government's industrial strategy. he is concerned about the lack of skills. can my right honorable friend assure me that the government investment in apprenticeships and university technical colleges will increase over the coming years? >> what is interesting is that if any member of parliament wants to talk about manufacturing success or business success in their constit