watch for an accident at falls road at hess road. one more in rosedale, deleggy at golden wood road. on the beltway everything there a looking formal. there's -- looking formal. there's a look at the topside of the beltway. this traffic report is brought to you by toyota. now is a great time to find a great deal on a toyota at buyatoyota.com. >>> ron, i don't think we've been down to maryland live. i think this is our first time. >> reporter: that's right. you're absolutely right. that's where we are this morning. good to see you guys. jessica, how are you doing? marty. maryland live casino. yes, indeed. this is the thunder from down under. we have four people here . guess which one is not in the group? >> the guy with the suit. >> reporter: introduce themselves. >> alex. >> dillon. >> ryan. >> reporter: all right . guys, you got five big shows here, right? >> correct. we have one tonight and then we have two on friday and two on saturday. all sold out. >> reporter: yeah. >> i think it's -- there's a couple of vip's left. if you hurr

. >> peter robbins 'punishment for threatening to kill hess ex- girlfriend and the doctor who

we have been following of course the fight over hess and the board between elliott and hess itself whichides are coming to a deal of sorts in which elliott will succeed in three of its nominees. it nominated five. seeking three of its nominees while also hess itself will replace five existing directors with a new slate it had put up for this annual meeting taking place in houston today. there are the three directors from hess that are expected, again, according to sources, to be taking their place at the board of directors. in addition, the five new nominees. john will be the nonexecutive -- excuse me, chairman of hess. myers, quigley, william sprader, frederick reynolds. all of this adding up to a board that will be 13 people. three directors taou up. 15 stepping down. replaced by the three elliott names i just gave you. so a new board really at hess. nine new directors on a board of 14. a brutal fight that has taken place over months. it is informperformance. the last 17 years under the direction of its ceo, john hess. seems to be very close, if not resolved with this deal between the

this is right in fallston on route 152 at hess road.f you are on twitter follow the handle @marylandtraffic for the latest alerts sent straight to the feed. that's your timesaver traffic. >>> the browal knife attack the london is prompting locations here in the united states to be on high alert. this morning we're learning more aboute

theria a look at the hess slate. by the way, elliott's hess slate.ause they'd come into some criticism about how they were paying those directors and what their incentives really were. the key here is are we going to if get face-to-face talks between the two sides designed to come to some sort of true resolution? it does appear, at least that last evening, john hess and paul singer who ron elliott may have had a brief conversation. >> really? >> i am told there was nothing substantive discussed during that conversation if you look at mr. hess who is proposed now splitting the chairman and ceo roles and there's a look at paul singer, who is not running this, he has a couple of other guys running this campaign which, by the way, has been brutal and it's at the meeting if not before, but jim, you do get the sense and i certainly do from my reporting that there's a possiblity of some sort of resolution in the next 24 hours. we'll see if it happens. you have the elliott side which i believe is feeling fairly confident and it has four, maybe all five of it

. >>> the proxy fight in hess is over. we'll break down the details. >> folks, take a look at tesla. elon musk who is a rich guy getting richer. he's making a huge bet on his company. he is buying $100 million worth of shares. >>> let's start off with walmart. those shares are falling in the premarket. retail giant says first quarter profits of $1.14 share was a bit shy of wall street estimates. revenues and current quarter guidance also below consensus forecast. u.s. comp sales stellar returns. they had been up for six consecutive quarters. >> they cite income tax refund check delays, challenging weather, less grocery inflation than expected and why not throw in the payroll tax increase. >> remember may they say did start off strong. their future is maybe a little better than the past. they talk about how tvs were weak. i think that's interesting because we were talking about how best buy has gotten so far entertainment week. is best buy wrong? the stock price is up but we haven't actually seen anything that indicates --

hess is nominating the former head to be its non-executive chairman. some shareholders may want all firms to split the roles of ceo and chairman but an attorney says it's better done on a case by case basis. >> that will vary from company to company and it will vary from the situation that a company is in at a particular point in time. >> restructuring years of underperformance prompting activist investor to mount a proxy site. where a series of missteps prompted 41% of shareholders to with hold votes. he later stepped down. 70% with holding votes for long time chair. tarnished by a $6 billion trading loss, dimon still posted record profits. >> i think he is as first rate as it gets. for nightly business report, i'm mary thompson. >> splitting the dual role is not always in the best interest of the company. karen, thanks for joining us. most investors think that splitting these two roles, it will reduce conflict of interest and will have more of an independent part. ewe say that's not necessarily the case? >> no. every director gets one vote. at the en

hess has nominated five directors for the board. meeting earlier this week and kind of a staged event and nonetheless, i want to garner support for those nominees and i get a report from iss, the influential proxy reform and they say we are in favor of all five of those nominees. so they have that to add to a number of other proxy firms that one came out in favor as well, jim. may 16th is the meeting here. for his part john hess has been out meeting with a lot of his investors. we will see where this ends up, but it is a pitch battle as we hear the traders applauding. something fell or somebody dropped something. >> i think that hess, when you go through some of the things that they're saying in their letter. they have botched a lot of where there's great oil. they have not been able to develop. there are places like the eagleford in texas where they would tell you, you can put a straw in the ground and bring up a lot of oil. elliott raises a good point that they haven't done well in eagleford. amerada hess was the first into the po

now, this is hess' white paper on the matter saying iss absurdly states that hess director nominees owe that hess nominees came in through the nomination process. almost every independent director sitting on a corporate board today would therefore not be independent. hess, of course, settled that issue by coming to an agreement with eliot in a unique vote. i was talking to a source this morning who said the role of these firms is in a big gray area and that the sec is actually looking at firms like iss to see if as this proxy -- the proxy of process, so to speak, evolves, that maybe they should be regulated. >> kayla, real quick. ellen futter on the board of jpmorgan, also the head of the museum of natural history. there was a report she threatened to resign. jamie dimon called her and said, come down, we don't want you to resign. does she stay on the board? >> i don't believe with a number like 53% that she can. you know, i think that a lot of shareholders raise questions in the weeks leading up to the vote about some of the financial ties between the museum and between jpmorgan, of co

amanda hess joins us now live from los angeles. thanks for being here.ve you on the show. >> thanks for having me. >> first off, what is some of the back lash you've seen to jolie's announcement that inspired you to write your article? >> well, i was disappointed but not surprised to see a lot of people focusing on her breasts instead of her life. i read a lot of comments to the effect of r.i.p. angelina jolie's boobs, people talking about how they respect her decision but they'll miss her curves or speculating as to the size of her reconstructed breasts. i think that even though angelina jolie is someone who has always been in the public eye that sort of attention is something that every breast cancer survivor has to deal with. >> this conversation for you, this conversation about her body objectifys not just jolie but in some ways all women who have undergone or are considering similar procedures. is that what you're saying? >> yeah. i mean, on a personal note my mother went through a double mastectomy also earlier this year and in addition to dealing

hess is countering saying they want to sell the company off in parts. >> it would split the role of the ceo and sherman. >> it is acknowledging the problems. they are stalking at it saying it's not going to change. this is certainly a meeting to watch. >> the top of the corporate ladder looks shakeyer these days. >> these are non-binding, aren't they? >> you can take them under advisory. >> and she has, for example, . >> you always nod them in. >> this man's belief that dell may not be as bad off as most people think. that there is really true value there. no one surprised the pc market. >> well, we also asked him about wh what. >> i asked him, should michael dell be fired. >> he's not going to be running the company. i can garn . >> listen to what carl had to say about this. >> for years, i respected. >> i don't say this in any derog tory way. i don't see chambers on the forbes 400 list. >> we did. >> objectively. >> to assess the potential risk and reward to the public shareholders. that's where we stand on this friday afternoon. we will see what happens over the weekend and into next

hess corporation was one of the biggest losers. there will be another presidential walk along the new jersey shore today. as they did immediatly after superstorm sandy, governor christie will escort president obama on an inspection tour of the ravaged beaches to see the recovery here at the beginning of the summer beach season. pandora lost some energy friday. shares tumbled down 4.3% as concerns grew over the online music company's profitability. one analyst said penetrating the local ad market will be an important next step. let's dig into the markets a little bit with lincoln ellis. he is the chief investment officer for strategic financial group. we have one down week now after how many? 3+ weeks of positive gains for these markets. there was already some talk of "maybe the bears are out." should that kind of talk go back into hibernation, do you think? - i would be very surprised if there are any bears left given the fact that they have basically been run over on a perpetual basis since november. look, given how far we have co

gems in the energy space, exxon mobil and hess. with respect to the technology name, growth and future performance lies heavily on the shoulders of their ceos. apple's tim cook and yahoo!'s marisa meyer both have taken center stage as they look to execute a new vision. >> brian will be taking the helm on may 16th. for "nightly business report," i'm jackie deangeles. >> when it comes to finding bargain stocks there's no one like warren buffett. the billionaire investor is the driving force behind the success of berkshire hathaway and its shares hit a new record high today at $164,000. berkshire's stock was just one of many topics that buffett talked about at his company's annual meeting this weekend where some 40,000 shareholders converged on omaha to hear from the oracle of omaha. >> this is warren buffett at 82, just a year after his cancer diagnosis. he still made the rounds at the berkshire hathaway meeting. >> that was like a perfect fit for me. >> with energy and enthusiasm. >> i'm not sure if i'm allowed to shake your hand or

. >> hess, they are really driving this one. >> hess is -- >> they had the hess gasoline truck. they've got that hostage. >> when we come back what's it going to take to get your portfolio to a new all-time high. cramer is on the case. his mad dash is next. take one more look at futures as we wait for the opening bell. don't go away. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> six minutes before the open of trading. let's go to cramer's mad dash ahead of the market open. the export of natural gas. >> incredibly important story in the financial times this morning. this is about the president giving a speech in costa rica saying we are going to

. >> obama administration did not hess dayhesitate to order drone, but it has not been the case with terrorists in libya. new development tonight in hunt for suspects in deadly september 11 attacks on our consulate in benghazi. the fbi has been tracking more than a dozen possible suspects but what they say is poor security within libya has hindered their, federa efforts g them to justice, james ros rosen with our report. >> reporter: these three unidentified only people that fbi has publicly labeled suspects in the benghazi case, military law enforcement officials told fox news they have been tracking at least 18 can bes, and security continues in benghazi have hammered the activity -- hampered the activity in the city. the white house confirmed that its determine knack as to how any benghazi suspects should be handled. -- our other critical national security o strong reffence to accomplish that through prosecution. either in an article 3 court or reform mildtary commission. >> reporter: john kerry has alluded to obama administration's policies about legal status of terrorism. suspec

split itself and management followed my advice, i'm talking about 30% from dean food and 30% from hesshe oil company. tonight i got another one, oh boy, this one is red hot! this is no one's focus on this perspective breakup play. i got to tell you, i think there is a tremendous amount of hidden value that can be unleashed by spinning off parts of this business. this stock has been a laggard over the past few years, i bet it can become a leader in the blink of an eye. i am talking about applied materials. yes! amat. out of the house of pain into the house of pleasure. listen, home gamers, this is a semi conductor equipment makers, applied materials, it's among the best players in the industry. the market leader. despite what you might think, this business is beginning to roar right now. according to the company, the semi conductor cycle bottomed at the beginning of the year. 2013 is off to a better start, demand for pc-related chips has come in much stronger than anybody thought. in the last quarter, they saw an 84% increase in orders. applied materials has terrific semi conductor equi

remember i recommended hess in september. stock is up 28% t.mpany has begun to restructure itself and sell off the assets we want it to sell off. i think occidental can with a lot more upside. the reason, occidental has been trying to get its act together. it underperformed lately. they have oil and gas assets all over the world, middle east, south america, as well as some important assets here at home, especially in texas' permean basin. monterey's shale. they gather, transport and store oil. that's like kinder morgan. that stock has been hammered. they have a fabulous commodity that i've always liked. i think these assets are too disparaged to work under the same roof. the god news here is that occidental's management recognizes the problem and they're planning to do something about it. right now, they're in the middle of a multi-stage strategic review. the problem is it's been put to the board by mid-summer. i think it's looking like the company will break up into two, maybe three pieces, because the parts are way more than the whole, first

the report is that penza assets is supporting carl icahn's bid for the pc maker, saying hess $12 a share cash offer is superior to mr. dell's offer to take the company private. >>> morgan stanley holding the annual shareholder meeting. a lot of those shareholders are very angry and restless, not at all thrilled with the ceo's performance. the shares are down 25% since he took over three years ago. we'll talk about that next. morgan stanley, though, is up 3% today. >>> and is the nation's food supply at risk due to a declining honey bee population? we're back in two minutes' time. >>> take a look at shares of sony. they're surging today, up almost 11% now. billionaire hedge fund manager daniel lobe wants the company to sell up to 20% of the entertainment business and use that money to prop of its ailing unit. >> ty, up to you. >> sue, morgan stanley holding the annual meeting today. james gorman was expected to get heat from shareholders about the share price the shares down 20% since he became the ceo three years ago. mary thompson is covering the meeting for you. hi, mary. >> reporter:

dan hesse, he'd be the man. that, ladies and gentlemen, is the conclusion of the lightning round!own day. only one day after an all time high for the dow and another up tuesday. home prices are rebounding. despite the good news, we were in the red today. it goes to show you that now is not the time to be lazy. you need to dig in your heels preparing for days like this. let's put your picks to the test on tonight's round of am i diversified? if you owned those good stocks so good so long, you got crushed. that was not being diversified, call me or tweet me @jimcramer. i didn't tweet that much, i was with my kids. maybe you need to mix it up a little. why don't we start with a tweet from heinric_thuren who tweets am i diversified? boo-yah to you right back at you sunshine. here we go. northern tier, that dividend has got to be way too large. oil, sysco provides restaurants with food, waste management, verizon, a high-yielder, got to get higher, ben doing a good job. aig, restaurant, oil, you know what, thuren's got it going. okay. now let's go to brian in connecticut. brian. >> call

this time it's from elliott management, remember them from hess? they just got people on the board. they want a new end team as well as that $5 billion in coiffeurs returned to shareholders. so what's nettap response going to be? let's take a listen as i know my partner david faber will. we are both fascinated by this one. wednesday, more retailers. yeah. more worries, target and lowe's let us know how they're doing. perhaps target has been able to stand taller than walmart, and perhaps kohl's, and therefore the stock ran, but i don't want to bet on it unless it comes ahead from the quarter and many the retailer from thursday can come down and that's the same with lowe's if home depot comes down. if home depot has a single fly on it, i think some people will say lowe's is infested. we have two other bellwethers, two that i would like to see what happened because i don't know. hewlett-packard and toll brothers -- excuse me. hewlett-packard rallied 50%. 50% mostly because it was down 44% last year and also because many people are thinking that ceo meg whitman can turn the once proud c

this time it's from elliott management, remember them from hess? they just got people on the board. they want a new end team as well as that $5 billion in coiffeurs returned to shareholders. so what's nettap response going to be? let's take a listen as i know my partner david faber will. we are both fascinated by this one. wednesday, more retailers. yeah. more worries, target and lowe's let us know how they're doing. perhaps target has been able to stand taller than walmart, and perhaps kohl's, and therefore the stock ran, but i don't want to bet on it unless it comes ahead from the quarter and many the retailer from thursday can come down and that's the same with lowe's if home depot comes down. if home depot has a single fly on it, i think some people will say lowe's is infested. we have two other bellwethers, two that i would like to see what happened because i don't know. hewlett-packard and toll brothers -- excuse me. hewlett-packard rallied 50%. 50% mostly because it was down 44% last year and also because many people are thinking that ceo meg whitman can turn the once proud c

the time it's elliot management, remember them from hess? they just got people on the board.y want a new end team as well as that $5 billion in coiffeurs returned to shareholders. so what's nettap response going to be? let's take a listen as i know my partner david faber will. we are fast netted to this one. wednesday, more retailers. yeah. more worries. target and lowe's let us know how they're doingment programs target has been able to stand taller than walmart. perhaps it can be like coles kohl's, the stock ran. i don't want to bet on it unless the stock comes down ahead of the quarter. maybe the retailers on tuesday are weak, these stocks come down, then we can rethink. that's the same with lowe's if home depot comes down f. nay have even a single fly on it. i think some will say lowe's is infested. we got two other bellwhether industry two i'd like to see what happens, i don't know.ç hewlett packard and toll brothers, hewlett packard rallied 50%, most of it was down 44% last year. also because many people are thinking the ceo can turn the once proud company around. look

in energy we're watching exxon mobil and hess.ch names for a moment, growth and future performance lying heavily on the shoulders of their ceos. tim cook and marissa myer have taken center stage as they look to set and execute their vision. intel recently announcing brian krizanich will take the helm of that company may 16th. intel receiving upgrade at rbc today. barons has apple ranked as number one on its 500 top american companies. i do want to give gio marino a shout out for helping me with this research, mandy. >> fantastic. thanks very much. we have just a little over quarter of an hour before the closing bell. the dow is moving just very slightly to the upside. moving in and out of negative territory today. unless we have a massive rally in the last 15 minutes, doesn't look likely to close above that 15,000 mark either, bill. >> doesn't look like that. causeway capital management's chief economist sarah keterror is becoming more cautious about this market. does she still see opportunities? she's going to lay that out for us

saw what happened there in terms of the settlement between elliott and hess.news saying pxp will pay a $3 dividend on the 30th. and we have one more shareholder meeting tomorrow which has been a great deal of focus and that's their 3.23, and as of now they're going to lose the vote. moaninged dole, to be acquired by sprint to go to 147 cents a share will be voted down by shareholders. >> so do they have to use a 50-cent sweetener? >> it doesn't appear like that's going to happen. what wi wanted to point out now is simply say the meeting's tomorrow. let's start thinking about it a bit as we head into that meeting. we'll be reporting on it tomorrow morning, but it's certainly worth noting that at this point, given there are substantial shares held by about five large funds, none of whom it makes that big a difference to, even if they were -- they talk a big game about even going to bankruptcy here, but having spoken to any of those funds this deal's going down as of now and it is not clear that any raise that softbank would allow to happen and by the way, massas

paulson took new positions in citigroup and oil and gas producer hess.. soros cutting his stake. david tepper cut his holdings by 40%. it had been his second biggest holding during the fourth quarter. on the flip side of that, david einhorn raised his stake buying both apple stack and options, while dan loeb of third point disclosed a new holding on apple options. taking a look at apple shares this morning, they are trading slightly high, as well. >> jackie, thanks for that. interesting stuff. mary joe jocobi, what do you read into these guys finding sales? >> i think it's interesting just to see what they are doing because they are very successful investors. on the other hand, it's after the fact so it's not all that helpful other than in terms of trend watching. why are you buying banks now, for example? why is apple hot again? but what does it really mean? an analyst better than i needs to interpret -- >> i expect you've got a long-term buy and holder like warren buffett, if he believes in something, it's a fresh purchase, you didn't get in at the sam

attorneys for cleveland kidnapping suspect ariel castro say their client is not the monster everyone claim hessey'll plea. what are castros lawyers say, planning to do, pam? >> reporter: kel, zoraida, our affiliate here interviewed castro's attorneys, and his attorneys say that essentially they talked with castro in jail for three hours and they say he will plead not guilty if he faces kidnapping and rape charges with a grand jury indictment. his attorneys say they will meld the best defense possible. what we've been reporting along with several of our affiliates, that castro has confessed to at least some of his actions over the past ten years to authorities during interrogations. one of his attorneys says that castro has not confessed anything to him. so, again, his attorneys are saying that castro will plead not guilty, and that they are looking to move the trial outside of cuyahoga county because of all the attention that this case garnered and also on the heel s of another high-profile case accused of murdering 11 people and keeping them in his home. what attorneys told our afit yi, wkyc.

. >> peter robbins 'punishment for threatening to kill hess ex- girlfriend and the doctor who performeder breast- enhancement surgery. he wanted a refund for the surgery because the two had gotten into a fight. >> i realize this is the first step to becoming the fun, loving person i once was and hope to become again. >>> congress has come up with a backup plan just in case lawmakers and the president can't ahe grow on the debt limit. the republican-controlled house is moving american bomb holders and those on social security to the front of the line to get payments. the u.s. reached the current debt limit of 16.4 trillion in january. but congress allowed the treasury department to borrow enough money to meet obligations. that authority expires on the 18th. >>> however, the state of california is reportedly rolling in cash. the state controller's office says california collected more than $15 billion in revenue last month. that's more than 4.5 billion above governor brown's estimates. state officials point to rising incomes and also increased consumer spending. governor brown is due to r

he says hess donating his next two paychecks to the families of the victims. and of course, jenna, the investigation continues, it's likely to take several weeks. jenna: we'll keep up with that. claudia, thank you. jon: three women and a 6-year-old child escape a living nightmare in cleveland. their horror story of years in captivity, shocking the entire nation. coming up, oprah winfrey's interview with several family members who never gave up hope. also, the u.n. launching and investigation of north korea for crimes against humanity h. allegations of torture and forced labor camps that hold hundreds of thousands of people. we'll look at this abusive regime and its dangerous threat to regional stability. the kyocera torque lets you hear and be heard even in stupid loud places. to prove it, we set up our call center right here... [ chirp ] all good? [ chirp ] getty up. seriously, this is really happening! [ cellphone rings ] hello? it's a giant helicopter ma'am. [ male announcer ] get it done [ chirp ] with the ultraugged ocera torque, only from sprint direct c

and hess will be appointing a new chair as the nonexecutive chairman.ck lew sitting down for an exclusive with steve liesman says we will not hit the debt limit until labor day and the global recovery cannot be led by the united states alone. >>> plus, best buy is staging quite the come back. it's the second best performing stock on the southbound southbound this year. why one analyst says the company's turn around could mean trouble for amazon. >>> and price line earnings crush the views but the outlook for the second quarter is not so great. we'll find out what the ceo has to say when he joins us for an exclusive in the hour. steve liesman sitting down with jack lew ahead of this weekend's g7 meeting. the markets hovering around record levels despite unemployment being high. there's not so much disconnect between wall street and main street, rather the short term and long term of job creation, right? >> yeah, and we've been talking about the international part of the interview. his comments about europe. comments about the yen and whether or not he ga

i want to talk about what you did in terms of activis and hess did very well. >> now we're there.is the meeting. so if there's going to be any movement in that, we will look at it. you mentioned activis, that being a.c.t. and it was the stock that precluded any ability for them to get something done there. >> and they canceled that may 13th meeting at bank of america and merrill. now activis going after the idea that they had been planted and got that stock up because people thought that might be a good deal and took them out of the realm. something's going on and then valiant. look at these stocks. >> these are very commodity plays and these are generic drugs and they don't really have a lot of margin to them and yet mylan, you consolidate and the deal worked. i don't know, things happen. it's a $15 billion potential bid and it's like, you know. so what? that's what happens to a lot of bids these days. you have a lot of sellers that aren't really interested. and in a market like this you can understand why. best buy would have been taken private at 15. why would you do that? >> i

if you read all the works of hitler,d hess and even they never mention a final solution in any of theirork. it was not until after they were in power those powers came into fruition. fascism slowly descends and evolves, it does not jump on you overnight. host: ok. rachel hartman, yet a recent story about president obama, the codepink activist medea benjamin heckled the president at a major speech that he gave last week. why did to cover the story and wanted to learn? guest: it was an incredibly speech for the president. he was talking about drones, closing guantanamo bay, so we were covering the speech because of that. medea benjamin decided to protest during this and once that happened, there's a new element to the story so we decided to write a separate piece just on her protest. she was protesting drone strikes used by the government as well as guantanamo bay prisoners. that felt like a unique angle and interesting, an expected part of the speech. we both had in a primitive the -- and format of side to the offshoot well as this piece on medea benjamin herself, the co-founder of codep

she apparently could be almost deaf from the beatings and has broken bones that have reheeled in hesst might have been playing with aerial, accused abductor's daughter. might have been best friends, might have been the last person to see her before she was taken into the house for ten years. >> steve: also we should point out, and we'll talk a little bit more about the rhyme suspect, he apparently attended a couple of vigils that were held for some of the missing girls. also when authorities were digging up one plot of land nearby looking for amanda, i do believe. he said what are you doing? he said we're looking for her. he said, it's a waste of time. don't bother. >> brian: charles ramsey is the one with the sound bite that was descriptive who actually found amanda trying to break out of the house. he referred to mcdonalds so often in his conversation, mcdonald's said thanks so much for mentioning us. we will be in touch shortly. >> steve: he works at a restaurant. >> brian: washes dishes. >> steve: he works at hodge's restaurant and throughout the cleveland area, they're selling a