that adds to buffet's portfolio me right now is rick heinz. rieder and erin gibbs. thank you both for being here today. rick, you have about $680 billion in assets under management that you oversee. there are so many people who looking for yield in a low interest rate environment right now. what do you tell them? >> it's hard. we live in a world of slow global growth. rates are going to stay low for a long time. i think what people are challenged by is a wait until you get a higher rate environment. what do you do? you have to be tactical about where you find opportunities. the high yield market has widened out and become attractive again. attractive when you get to 6%, which on a historic basis doesn't seem great. >> do you worry about investors reaching for yield or kind of throwing things out of whack because so many people are stretching so far? >> i do. part of why we've been adamant about policy is we're not in emergency conditions anymore. it's extraordinarily low interest rates. cash at zero means people need to look and extend to other things. i don't think

al michaels, cris collinsworth, michele tafoya, our entire gang saying good night from heinz field inittsburgh. - ( helicopter whirring ) - ( roars ) ( siren wails ) ( pop music playing ) ♪ when you're ready ♪ ready, ready, ready ♪ come and get it ♪ get it, get it ♪ when you're ready, come and get it ♪ ♪ na na na na ♪ na na na na na na na ♪ ♪ when you're ready, come and get it ♪ ♪ na na na na... female announcer: it's a great big world and it can all be yours. here and only here. ♪ come and get it. >> the faithful. >> if my collection could talk, i think the various pieces would say we're lonely. we need more. more friends, more jerseys. my wife wouldn't be too happy about it, but i think that's what it would say. zeefs born and raised in new york. i twoent college at colgate, graduated in 1989 and from there i had a hands to move to san francisco in the summer of 1989. the 49ers had just come off a big super bowl win. when i moved there, i obviously started following the 49ers, super bowl champions. i became a huge joe montana fan, and that's kind of where my love of the 49ers starte

like duncan heinz cake factory! >> yes! >> oh, my god! play and mystical. >> there's a new movie called and mystical. >> there's a new movie called "drone boning.

it crashed in ol any near the intersection of heinz road and blossom view drive. driver went off the road, smashed into a free and a light pole. lisa ann smith was in the passenger seat. she was killed in the crash. the driver is expected to be okay. >>> a boy's father and stepmother are accused of holding him prisoner for four years. now we've learned they won be getting out of jail any time soon. a judge denied their bond today after police arrested the couple and three others in suburban atlanta. they found the 13-year-old boy hidden behind a fake wall that was camouflaged with towels. somehow the boy got ahold of a phone that helped police find him. he was reunited with his mom on friday. they saw the boy doing yard work and was shocked to hear he was held against his will. >>> a football player whose disappearance had a lot of people concerned. plus, boom or bust. we'll tell you if friday's hype >>> breaking news out of ohio. ohio state says that a body found near its campus is that of a missing football player. he disappeared on wednesday. he was a defensive

bill johnson, former kceo of heinz. what do you think?ee on the latter and on the former, an idiotic statement. look at the logic, neil, secular in many ways. for one, even if businesses and korgss didn't do all the job creation, they pay significant amounts of taxes which the gh t government redeploys what they consider to be jobs and i think she meant it, every word of it. >> i think she's protecting -- believe me, i'm far from an apologist for her. and mark lavigne, talking about chris christie, regulars on the show, know, quiet there. having said that, i think she is trying to protect her left flank because she lost it to this guy barack obama back in 2008. what say you? >> show me history, neil. give me examples where, in fact, she has helped businesses create jobs? not talking about her husband. talking about hillary. thus far i haven't seen anything, any inclination leaning towards the business community to help create the kind of environment that will prosper all americans and allow us to create jobs and move this country forward.

how heinz field sits right at the three rivers crossing., you see the city. >> any stadium you design, the quarterback would have three lockers. >> exactly. >> for some one who likes high tech stuff, you have basically become famous, partly for nfl quarterback, partly for owning the flip phone. >> i don't think i want to be connected 100% of my time, e-mail, internet. social media stuff. >> not wanting to have the whole world into every moment of your life, in social media, an understanding feeling. you talked a little bit after the rookie season, the fish bowl feeling. everybody looking at you. what was that like for you? >> a personal adjustment. it is uncomfortable. based on my personality. i try to avoid the spotlight if i don't have to be in it. you realize when you play quarterback, you know, for better or worse, it's, it is what it is. >> one day you can be in the super bowl. >> seems like you have gotten a lot of cool things coming your way. thrown a football around with david letterman. >> thanks, dave. >> parks and recreation. >>

. >> patrick heinz was nicholas' best friend and remembers seeing bum bells when he would go over hisend' house. his mom daw bum bells story on facebook. >> we're a small community. we wish we could have done something and prevented the tragedy. >> the organization decided it was best for him to be adopted by someone who knew the family. patrick and bum bells will now help each other heal after they both lost a friend. >> he we just had so many good times together. really hard to see him go. >> syma choudhry, cbs-3 "eyewitness news". >> with pope francis sent to visit philadelphia next september for the world meeting of families thousands of people will need a place to stay in the city. hotel rooms are going fast and meeting organizers are now asking 10,000 philadelphia residents to open their homes. irish company homes will match potential visitors with host who's will be paid for the accommodation. home state ceo says more than 100 families have already register. coming up next on "eyewitness news" -- >> members of our military having a thanksgiving meal a bore the battleship new je

heinz jr. described in the 4-1-a and nothing else discussed in closed session. >> thank you. >> second. >> all in favor? >> aye. >> pledge of allegiance. i pledge allegiance to the flag of the united states of america, and to the republic for which it stands; one nation under god, indivisible, with liberty and justice for all. >> announcement of prohibition of sound producing electronic devices during the meeting: please be advised that the ringing of and use of cell phone, pagers and similar sound-producing electronic devices are prohibited at this meeting. please be advised that the chair may order the removal from the meeting room of any person(s) responsible for the ringing of or use of a cell phone, pager, or other similar sound-producing electronic device. ~ please be advised announcement of time allotment for public comments: please be advised that a member of the public has up to three minutes to make pertinent public comments on each agenda item unless the port commission adopts a shor

one person's name stuck out patrick heinz.t was nicholas' best friend. >> bumbles was always great dog and he's a very loveable. just wants to be loved. so naturally come to our house. >> come bumble social security getting just as much comfort as he's giving. >> with pope francis set to visit philadelphia next september for the world meeting of families, thousands of people will need a place to stay in the city, and some people are already volunteering space. hotel rooms are going fast, and meeting organizers are now asking 10,000 philadelphia residents to open their homes. irish company home stay will match potential visitors with hosts who will be paid for the accommodation. home stay ceo says more than 100 families have already register registered. >>> of course there are many preparations underway for that 2015 papal visit. you can count on "eyewitness news" for continuing coverage both on tv and online at cbsphilly.com. >> every year thousands of people push back from the thanksgiving table and jump right into another ho

that adds to dairy queen, heinz and geico. stocks continue to set records. gas and oil prices continue to plunge, mostly good news. but what if you are looking for income and yield? joining us is rick reider, chief investment officer of fundamental fixed income at blackrock and erin gibbs. thank you both for being here today. rick, you have about $680 billion in assets in under management you oversee. there are so many people are who are looking for glee ing for yi interest rate environment. what do you tell them? >> we live a world of slow global growth and monetary policy around the world so rates are going to stay low for a long time. i think what people are challenged by is wait until you get a higher rate environment. the problem is rates will stay low we think for a long period of time. so you have to be tactical about where you find opportunities. parts of the emerging markets today are interesting. the high yield market has become attractive again and attractive being when you get to 6% which on a historic basis doesn't seem great but that's the worl

>> that is true, but there is no replacement for heinz catchup -- heinz catchup. >> all-american brandase for bullishness in the market. looking at the s&p, we see it is up over 10% so far this year. the continuous record highs despite the october route, recovering quickly from the pullback in october last month. my next guest is someone who believes the markets will only get stronger. you can hear the cheering on the floor. cheering on the floor. stovallp strategist sam . it seems like the markets are back at their high, literally, in investor sentiment, and you say the strongest six months is yet to come. >> basically. we have the seasonal period that has outperformed made through october. when you look at the six-month period after midterm elections, it gets even better with an average gain of more than 15% in a november through april period. not to be a guide, taken as gospel, but i think we are in a seasonally strong period. >> let's bring up this chart. you are referring to how markets certain environment, and you say in history we have seen stocks up, as you mentioned, up 15% in

heinz is on to his next challenge, taking over the reins of power mat technologies, an israel-based company that enables wireless harging of mobile devices. earlier betty low sat down with him to speak about the role. >> if you look at communication and what wireless has been going through, we call, you know, we surf the internet, wherever we are, whatever we want to do. but then actually you get to a point and you say, do i have enough juice in my battery, how do i keep charged, how do i keep going? we still have these places in airports, people looking for power outlets. i think we're on the verge of solving the next big problem of going mobile, by allowing people to wirelessly charge wherever they are waiting, and they just charge their device and we make sure they stay charged. >> they can do it simply and easily and wirelessly, essentially. >> exactly, no wires, no chargers needed. put it on a table, put it on a surface, it has charging capability and here you go. >> it's a great invention. it's also one of the frustrations, though, i think of the investors previously, where they felt

were told this was intended to see if doctors are transferring controlled substances across state heinz -- lines. >> we have medicine used by players and everyone is registered here in the state of new jersey. >> nfl said the teams corroborated with no arrests made oring regulators found. >> the d.e.a. said this is part of an ongoing investigation. this was a lawsuit that time doctors in the nfl illegally administered painkillers to keep players on the field. lawyers in the case say the inspeaks are great, they are glad to see the agents receive the allegations seriously. the search did not hold up the 49ers and they returned to the bay area on schedule. developing this morning, a fire destroyed a house of worship. flames were leaping from the roof of holy cross catholic church. it was founded in 1906 but built in 1920. the heavy timber is why it spread so quickly. investigators are looking into how the fire starts. matt will have a report at the bottom of the hour. >>> a former san francisco police officer will testify by today against his colleagues who are charged with stealing money

patrick heinz, the best friends of 14 year old nicholas la page, victim in the shooting. >> bumbles is always a great dog, and he's a very lovable, just want to be loved. so naturally just come into our house. >> how about that? now bullet, is getting just as much comfort as he is giving. >> with pope francis set to visit philadelphia next september, for the world meeting of families, thousands of people will need a place to stay. some people are now volunteering space, hotel rooms are going fast, and meeting organizers are asking 10,000 philadelphia residents to open their homes. irish company home stay will match potential visitors with hoses who will be paid for their accommodations. home stay ceo says more than 100 families have already registered. >> stay with "eyewitness news", as we stay on top of preparations for the papal visit. follow us on air and on line at cbsphilly.com. >>> your time so coming up on 6:21, nervous boyfriends pops the question and gets the surprise of his live. >> we'll tell you what happened next. and why the authorities have had to be called in to help. p

it happened around 4:00 this morning on heinz road and lafayette road. two people were inside the car when it crashed. a female passenger in her 40s died. male driver was taken to hospital but expected to be okay. good morning and welcome to "news4 today" on a busy sunday morning. i'm adam tuss. >> i'm angie goff. the time is 9:31. that means we want to check in on our forecast. >> amelia is outside. barely a jacket. so bright and sunny. >> beautiful out here. the sun is shining. the wind is not an issue opinion you might notice more contrails in the sky. as we learned from adam a little bit ago one of the busiest air travel days of the year. i can see a few of those here outside of our studios in northwest. tom noticing them also. he took this picture right around sunrise today. looking at the travel weather most of us having no issues with traveling today. unless you're trying to get out of san francisco or you know somebody that s-i should say or you're trying to head fwlak with rain in the forecast there. but you can see the travel weather for the mo

designer roger heinz says this combination has unsinkable communication platform that stay at sea for months at a time. >> ability to stay out there. so this is what we call the frontier. it's a thruster and rudder. >> newest version now fitted with a thruster that power the wave glider in calm water and help steer it more effectively. other innovation include sophisticated software that allow the vessel to recognize and remember obstacle. the strategy envision small fleet of ocean going drone outfitted with camp are and real time satellite communication. john is a retired admiral with the u.s. coast guard advising the company. >> with this technology it gives us the opportunity to do particularly in a net work fashion that it will be is to augment our force in such a way that we get we get we say more bang for the buck. >> since electronic are rechargeable the company says they control shipping lanes for months at a time providing early warning for threats ranging from storms to drug trafficking to terrorism. >> what we can do with our technology is to attack surface vessels in the a

al michaels, cris collinsworth, michele tafoya, our entire gang saying good night from heinz field in10 news, a cold and windy night. let's look outside live right now. you can see the flags moving on top of the aramark building. good evening. strong winds are leaving problems from fallen trees to power outages. right now the concern is falling temperatures. winter is around the corner on a night like tonight. nbc 10 first alert meteorologist has how cold it will feel tonight. >> we will drop below freezing depending on where you are. lows 27 for mount pocono. 28 allentown. mid-30s in doylestown. closer to the shore in the high 30s. if you are closer to the city we are talking about temperatures as low as 37 degrees. we're still dealing with the strong wind speeds not quite as bad as earlier today. we are under the influence of the same system that brought us the rainfall on saturday. we are continuing to see gusts up to 21 miles an hour in pottstown, 28 mount pocono. we will see wind speed relaxing in to tomorrow. it will be a preezcy, cold start to tomorrow and the temperatures in p

buzz feeds where they do 21 pictures of cats with heinz catchup. >> alex from target? >> i got to interview him. i spend some time with him. sweet kid for those who don't know, he was a nobody kid working at target and someone snapped a picture of him and he became a worldwide sensation. interesting, going back to the conversation about twitter and investor day. alex from target is an example of the fact that there were millions of the teens on twitter that made this kid into this famous celebrity in about an hour. and so it is an incredibly important platform. and it is not something that is going away. and alex from target is a perfect spokesperson. maybe he should go to investor day with dick. >> every time you turn your head you are talking about the power of the platform. >> exactly. >> do you find it deeply troubling that turned this teenager, a real kid into a fictional character? what that says about kids and teenagers and looks and what happens on line. >> one is the fact there are have been several studies that have found when you ask kids what they want to b

a pack of heinz ketchup, right there. all day. all day long. they give you, like, ketchup from the canteen where i brought it in here to eat with my meatloaf, and she said it was contraband. on certain days when you eat certain things, they give it to you so you can have it. but on the day they don't give it to you, it's contraband. >> when i see it, i catch them on it. i call them on it. >> she just wanted to bother me a little bit. that's all. >> if they're doing something wrong, i have to let them know that they're doing something wrong. and i will listen to them, and some of them just want you to listen. i'll listen to them. i'll talk to them. when it comes to the bottom line, i'll lock them up, and they know that for a fact. >>> up next -- >> teresa. >> who is it? >> it's my wife. >> forbidden relationships inside north carolina. >> i love her. that's my heart. >>> i worked hard all my life. i guess that's why i get respected in here. my nickname's "heavy d" and why i have it is because my middle name is dawn, and i'm just heavy, so they j

poured in to help the four leg family member, but one name stuck out, among to the rescuers, patrick heinzyear old nicholas la page, a victim in the shooting. >> great doing, very lovable, just want to be loved. so naturally just coming to the house. >> happy to see bummments go to good home. now getting just us a much comfort as he's giving. >> that's great. >> 736 with a check on business. >> jill wagner joins us from the new york stock exchange, hi, jill, market closed yesterday, but there was some big news, when it comes to oil and gas prices. >> good morning, ukee, dianna. oil prices plunging after opek decided not to cut production, right now global demand is down, over supply because every booming oil in the u.s. this is all seen as real good thing for consumers, low oil prices, have sent gases at the gas pump to four year lows, looks like some lower gas prices could be on the way. leaker to hear that. >> important holiday season is son. experts are dishing out some advice to avoid sales traps. what do you know? >> did i counts that they're not all created equal. experts say strait

. >> reporter: including the heinz family. >> we're a small community we all just wish we would haveing and prevented the tragedy. >> when the organization found out that patrick already knew the dog, they decided it would be best for bumble toss live with him. >> really loveable dog. he just wants to be loved, too. >> he will be just with a new family. syma choudhry for cbs-3 "eyewitness news". >> the family of a 12-year-old boy fatally wounded by cleveland police says if the officer had noted so quick until boy would still be alive. surveillance video released by city officials wednesday shows the boy with a toy gun that lack the orange safety indicator. officers in patrol karr car shot the boy within 1.5 to two seconds of arriving and that shooting is now under investigation. >> the streets of ferguson are quiet today after three days of protests that turned violent. some artists and children pain painted plywood on storefront wip dose. others helped businesses clean up. a dozen commercial buildings burned earlier this week after a grand jury decided not to indict officer darren w

heinz. >> ha ha. soe so bad.r theme is to buy stuff going into the end of the year. >> i'm going to continue to buy stuff. stuff has done very well for me. the most important one is alcoa, aluminum. way tonight continue to own aluminum. i got out of aluminum a month and a half ago. i wish i would have been wise enough to buy it back last week when it dropped boo 35%, but it's back to where -- just about where i sold alcoa at. i think the chart pattern looks good. i like what's going on in the automobile industry. i looked at chrysler's numbers today. we're going to start seeing more and more use of aluminum so i like aluminum. i like propane. not because i like stocks but because the size of the corn crop is so large we're going to be drying corn for the next six months to a year. we're going to see corn piled up on the ground. it's piling up in the elevators. it's going to have to be continuously dried. i like propane. i think that makes sense. and i'm still going to look at steel stocks. you have to look at ste

i sat down with the former blackberry ceo, torsten heinze einz.rst --thorston h >> i don't regret theime at all. it was exciting when i started. with both the smart phone portfolio rose the revenue of the company to above $10 billion. that was lots of fun and then things got hotter. you stick to what you need to do. the last two years frankly, were quite rough. but somebody had to do this. we have to save that company. we had to put it in a whole different context in a very dramatic and strategic changes in terms of the business model and the related r&d programs. if you look back, and is always 20/20 hindsight. at that point in time, under huge pressure with an excellent team, what we did is we laid the groundwork on all the different platforms like blackberry 10 and the cloud and the blackberry that now platform o the new management team can execute on and i wish them the best and i wish them success that these platforms carry them into the future and that they managed to turn the company around. >> you did lay the foundation. >> that's how i look back to my blackberry time. there i

he's done great things with wendy's, legg mason and heinz.onder if that isn't an option exercise. he has not said listen, i just bought more pepsico. i know he has said over and over that it is not doing enough. even though the stock is up 18%. coca-cola has gotten a free pass the whole way. dr. pepper is up the strongest in the group. >> i think it has outperformed the sector in past periods, as well. >> the guys at dr. pepper, they are like soda guys. they senlt a palette to mayor bloomberg. did he not get a joke. >> we don't talk a lot of politics on the show. >> no. thank heavens. >> there is this bubbling school of thought there may be a showdown regarding the short term funding resolution in congress in december if the president decides to go ahead with his executive action. are you worried about government shutdown or not? >> when i read these stories, the republicans have been complete liam bushed by the president. he's just out there acting as if he's won. "new york times," the coverage is a little bit surprising. immigration would k

it's not cow and gate, it's not heinz. >> i hear for medical use it's difficult to find vitamin c thato in some form, therefore, inactive for vitamin c infusions. that's the degree to which thing aconsult tur supp aagriculture changed in this country. >> there is not everything out there we are going to be able to supply today that doesn't contain gmos. the decision is do we stay away from those ingredients? food supply has to change. would you read a can of pesticides and do this sometimes. wear protective clothing when you spray this can. it's okay to eat the products you're spraying it on, okay? when you come back and look at it, companies and look, 65 countries around the world do not allow genetically modified ingredients in their food. u.s. and canada are the only two countries other than third world countries that allow that. we as americans ate these products. >> americans don't really understand the issue. they want to know what's in their food, they want healthy food, they don't understand. >> congress is not going to do an about on that, is it? >> who lobbied the most? where

in addition to that heinz feldman and colleagues have produced an ebola virus by genetic engineering. that is probably not pathogenic although i can't imagine any institution or review board giving permission to use it. >> other ideas about that? >> there are various viruses that could potentially be used. you do get into the question of you do those experiments and then say is that really, does it act the same way as the real virus. that would be another idea. >> from the point of view of doing studies for ppe we would like a surrogate that fluress. >> ppe some of the surrogates that epa is using with waste which are bacteria must not be appropriate at all in terms of size and other characteristics. >> part of the problem is the surrogate needs to be selected for the type of experiments you want to do. if you want to look at persistence on environmental. if you want to look at how it interacts with bleach. if you want to look at thermal incineration you might look at a different one. it is difficult and not going to be one bug fits all. >> just to follow up on that. as dr. howard poi