scott cohn, "nightly business report," hobbs, new mexico. >> to learn more about hobbs, new mexico, and how it's dealing with the decline in crude prices, head to our website, nbr.com. >>> a fire erupts at liondale basil refinery in houston, texas. "market focus." the fire began at the plant's coker unit but has been extinguished, no injuries reported as a result of that fire. the company had to cut its production rate by 25% and it expects it will take up to a month to repair the damage. that refinery produces more than 260,000 barrels per day. shares of liondale basil were off a fraction to 83.87. >>> starboard value plans on nominating new directors to depo med's board. the activist investor says the drugmaker isn't doing enough to improve shareholder value. starboard recently revealed it has a nearly 10% stake in depo med. shares rose 13% to 16.95. >>> chipmaker qualcomm increased its quarterly dividend by 10% to 53 cents per share, up from 48 cents. the yield on the stock is now 4.24%. shares of qualcomm up 1% to 50.56. >>> shares of the gap took a big hit today after the clothing

we're talking about hobbs act extortion, which this court has previously construed in both mccormick and evans to be perfectly valid upon the proof of a quid pro quo when the official asserts that his action will be controlled by a thing of value that he has received. and now we're talking about the question of what constitutes "official action" for the purposes of a common law crime that goes back centuries and was incorporated into the hobbs act. we're also talking about the honest services statute, which this court in skilling just six years ago determined could be construed -- justice roberts: well, yeah, "could be construed." i mean, there were, what, three votes to find it unconstitutional? and the others say, well, no, because you can narrow it in this way to the core definition of bribery. and now maybe the experience we've had here, and the difficulty of coming up with clear enough instructions suggests that the caution the court showed at that point was ill advised. mr. dreeben: well, i think it would be absolutely stunning if this court said that bribery and corruption law

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desperate for help, owner gail hobbs-page advertised for volunteer baby goat cuddlers. she wasn't expecting much. so far, they've had over 2,000 responses from all ages. one of ashley eckle's daughters found a match, made in goat heaven. >> what is your goat's name? >> stella. >> and what's your name? >> reporter: >> that's special. >> reporter: volunteers are calling from as far away as california and australia. >> are you surprised by the response? >> oh, yeah. and we are dazzled and sometimes dazed. >> reporter: she said there is a purpose to cuddling baby goats when's. >> ? >> when they become milkers other cheese operation, they're easier to handle. if we don't didn't do this on some level, you couldn't get your hands on them. they just run away. >> reporter: chip reid, cbs news, esmont, virginia. >> add to the cuddler list. hobbs said she thinks the cuddlers may need the cuddling as much as the baby goats. >>> talk about a guy who needs a hug. johnny elliott. people are hating me. it's chilly, raw. but we are season changes. i know somebody who loves wragge. he sa

hobbs-page has the care for 130 mama dwoat, including their daily walks.give birth. >> she'll probably go today. >> reporter: and how many? >> she's looking like she'll have three. triplets. >> reporter: volunteers are calling from as far away as california and australia. are you surprised by the response? >> yes, and a little... i'm dazzled and sometimes dazed by it. >> reporter: she says there is a purpose to cuddling baby goats. >> when they become milkers, the cheese operation, they're easier to handle. if you just... if we didn't do this on some level, you couldn't get your hands on them. they'll just run away. >> reporter: but she's also learned something else. >> i'm not quite sure they need cuddling as much as people need to cuddle. >> reporter: and that goes for her employees, too. >> i'm on break. >> reporter: chip reid, cbs news, esmont, virginia. >> pelley: that's the "cbs evening news." tonight at 8:00 eastern and pacific our digital news network cbsn brings you a special report: terror in brussels hiding in plain sight. hiding in plain sight.

i'm simon hobbs in for melissa lee. we have tim seymour, steve grasso and guy adami. on fast, warning to the world. the biggest retailer tanking today. is it signaling trouble for the u.s. economy? plus, gold has gone wild. if you missed the rally, relax, we've got another way to play the move. later on the show, apple shares are pennies away from doing something extraordinary. a top technician tells us to tell us exactly what that is. is this signaling trouble ahead, guy? >> i'd like to welcome dan nathan to the desk, first time here. >> we needed to swap out nathan. >> good to have you. i'll tell you what's signaling trouble. yes, the dollar is absolutely confusing me a little bit. but what's signaling trouble to me is the strength in the gold market. the resiliency in the bond market. we're in an earnings recession, and revenue recession, absolutely if we look at the earnings. so to believe in the market here, you have to believe in the s&p at 18 times forward earnings, in an environment where there's zero growth. >> nothing surprising about the dollar here. think

i'm simon hobbs. go to our website options action cnbc.com. and the daily segment inside "fast money" every day at 5:40. see you next friday. 5:30 eastern. >>> i'm here to level the playing field for all investors. tlbs always a bull market somewhere and i promise to help you find it. >> i'm jim cramer. my job is not just to entertain you but to teach you. so call me. or tweet me @jim cramer. we got through the

we're talking about hobbs act extortion, which this court has previously construed in both mccormick evans to be perfectly valid upon the proof of a quid pro quo when the official asserts that his action will be controlled by a thing of value that he has received. and now we're talking about the question of what constitutes "official action" for the purposes of a common law crime that goes back centuries and was incorporated into the hobbs act. we're also talking about the honest services statute, which this court in skilling just six years ago determined could be construed - justice roberts: well, yeah, "could be construed." i mean, there were, what, three votes to find it unconstitutional? and the others say, well, no, because you can narrow it in this way to the core definition of bribery. and now maybe the experience we've had here, and the difficulty of coming up with clear enough instructions suggests that the caution the court showed at that point was ill advised. mr. dreeben: well, i think it would be absolutely stunning if this court said that bribery and corruption laws, wh

that was much less stringent than the federal regime, and the government wanted to use the open-ended hobbs act and honest services statute to fill that gap in what they perceived is the state law. i would respectfully submit that that is an inappropriate use of federal power. thank you, mr. chief justice. justice roberts: thank you, counsel. mr. dreeben, could i invite you to return to the lectern? our records reflect that this was your 100th oral argument before the court. you are the second person to reach that rare milestone this century. i distinctly recall your first argument in january of 1989. throughout your career, you have consistently advocated positions on behalf of the united states in an exemplary manner. on behalf of the court, i extend to you our appreciation for the many years of advocacy and dedicated service during your tenure in the solicitor general's office and as an officer of this court. we look forward to hearing from you many more times. thank you. the case is submitted. mr. dreeben: thank you. announcer: our grand prize winner from oklahoma. olivia heard, a 10th

. >> reporter: desperate for help, owner gail hobbs-page advertised for volunteer baby goat cuddlers.asn't expecting much. you put it on facebook. >> and the thing took off. >> reporter: went viral as they say? >> see, i didn't know what that meant. >> reporter: so far, they have had over 2,000 from all ages. what did you really come here for, you or your kids? >> my kids of course. >> reporter: one of ashley's daughters found a match made in goat heaven. what is your goat's name? >> stella. >> reporter: what is your name? >> stella. oh, that is special. >> reporter: let's go, girls. >> reporter: hobbs-page has to carry for 130 mama goats including their daily walk. >> reporter: about to give birr snt. >> probably go today. >> reporter: how many? >> she is looking like she has three. this is the year of the triplets. >> reporter: volunteers are calling from as far away as california and australia. >> reporter: are you surprised by the response? >> yes. and a little, a little, we're dazzled and some times datesed by it. >> reporter: she says there is a purpose to cuddling baby goats. >

starts right now. >> welcome to the halftime report i'm simon hobbs. trade this hour the raging bull on banks. with us is steve, joe, and pete and john. we have things down double digits and the sector the worst performer of 2016. our next guest says she the most bullish. he has been on the banks in 20 years as the earnings continue to roll in. mike mayo is the bank analyst at clsa and a good friend of the show. hello. 20 years.

simon hobbs, back to you. >>> thank you very much, rick. ahead on the show, an important decision today that effects cuban americans by the military government forced on them it would appear by carnival. it's ceo next on cnbc. gomery an abigail higgins had... ...a tree that bore the most rare and magical fruit. which provided for their every financial need. and then, in one blinding blink of an eye, their tree had given its last. but with their raymond james financial advisor, they had prepared for even the unthinkable. and they danced. see what a raymond james advisor can do for you. ♪ i could get used to this. now you can, with the luxuriously transformed 2016 lexus es and es hybrid. ♪ great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that comin

back to you. >> thank you, simon hobbs.pple is reportedly o going to see the first quarterly sales drop for the first time in 13 years. we go to josh outside of the head quarters in cupertino. what to expect, josh? >> well, the street believes that apple will report 52 billion tlrz which is a drop of 10% on the top line. the reason for that de-kline, and you can pin it on the iphone which does account for more than 60% of the company's total sales. in q2, the street believes that apple is shifted to what would amount to 18% drop. and in part, they say that apple is a victim of the success. the iphone 6 was a blockbuster, and in q2, apple shipped more than 61 million iphone, and the unit revenue jumped and now apple is struggling with the tough comps, but concern of the performance has investors pushing the sell button, and that stock is now down 20% from the recent high, and the analysts are seeing the pace of the decline in the iphone units moderating and flipping back to growth with the launch of the iphone 7.0, but bulls

. >> reporter: we brought in staging expert cathy hobbs with simple ways to spruce up and sell a home>> great. come on in. >> reporter: first up -- declutter and depe >> this is the master bedroom? >> yes, it is. >> feels like a baby room. >> reporter: we remove the extra baby items and add new bedding. turning the room from this to this. a clean home can appraise for 10% higher than the exact same messy home. and without remodeling your kitchen, this inexpensive update. i new faucet is an easy way to add value. >> i like this space and it really feels open and airy, but really, really dark. >> reporter: finally, adding color and mirrors turns their space from this to this. an independent real estate agent confirming these simple changes can add at least $10,000 to the value of their home. >> such a transformation! >> it looks amazing. >> you also want to include at least 12 pictures of your home in your online real estate listing and one more tip. the experts tell us if you list on thursday, it will get you the very best shot home for the highest price in the fastest time. rebecca ja

desperate for help, owner gail hobbs page advertised for help and wasn't expecting much. so far, she has had over 2000 responses from all ages. one of ashley's daughters found a match made in goat's heaven. was your goat's name? >> stella. >> reporter: what's your name? >> stella. >> reporter: oh, that's special. volunteers are calling from as far as california and australia. are you surprised by the response? >> yes, and a little -- a little -- we are dazzled and sometimes dazed by it. >> reporter: she said there is a purpose to cuddling baby goats. >> they are milkers for the cheese operation and they are easier to handle. if we didn't do this on some level, you couldn't get your hands on them. they would just run away. >> reporter: chip reid, cbs news. >> would you cuddle a baby goat? >> i guess if you are in southern virginia, you might as well go over there. but chances are, there is someone thinking, this went so well, let's capitalize on this. >> you think so? i thought no but then looking at the baby goats, they are so cute. >>> all right. 4:52, a warning from tes

thank you very much, simon hobbs. >>> when we come back, the facebook is ral i willing to the new alls and how long can the stocks continue the rise? we will talk to scott mchanie after a short break. any. ♪ one totally focused on what's next for your business. a true partnership where people, technology and ideas push everyone forward. accelerating innovation. accelerating transformation. accelerating next. hewlett packard enterprise. >>> hello, everyone. i'm sue herera, and this is the cnbc news update. the death count is rising in the deadly pediatric hospital attack if syria. a direct air strike killing at least 27 people at a hospital associated with doctors without borders, and the casualties include six hospital staff members and three children. investigators are trying to find out who is behind that attack. the united states reporting it has detected two attempted missile launches by north korea since last night. the u.s. strategic command saying that neither of the missiles posed a threat to north america. >>> joe biden is meeting iraq's prime minister in baghdad today in una

desperate for help, owner gale hobbs page advertised for volunteer baby goat kid letters.t expecting much. >> so far, they've had over 2,000 responses from all ages. one of ashley's daughters found a match made in goat heaven. >> what's your goat's name? >> stella. >> and what's your name? >> stella. >> oh, that's special. >> volunteers are calling from as far away as california and australia. >> are you surprised by the response. >> yes and a little -- we're das recalled and sometimes dazed by it. >> she says there is a purpose to cuddling baby goats. >> when they become milkers for the cheese operation, then they're easier to handle. if you just, you know, if we didn't do this, on some level, you couldn't get your hands on them. they would just run away. >> chip reid cbs news, virginia. >>> well still ahead on "eyewitness news", working hard and doing good work. a lesson in giving for these young children. we'll tell you why this group is being called helpful heroes, katie? >> and brooke, we are certainly seeing skies clear out nicely in the wake of the cold front that b

. >> reporter: we brought in staging expert cathy hobbs with simple ways to spruce up and sell a home. >> great. come on in. >> reporter: first up -- declutter and depersonalize. >> this is the master bedroom? >> yes, it is. >> feels like a baby room. >> reporter: we remove the extra baby items and add new bedding. turning the room from this to this. a clean home can appraise for 10% higher than the exact same messy home. and without remodeling your kitchen, this inexpensive update. an new faus set is an easy way to add value. >> i like this space and it really feels open and airy, but really, really dark. >> reporter: finally, adding space from this to this. an independent real estate agent confirming these simple changes can add at least $10,000 to the value of their home. >> such a transformation! >> it looks amazing. >> reporter: not too shabby. well, you also want to include at least 12 pictures of your home in your online listing. and you were more tip. you might want to list your home on a thursday. experts say thursday listings sell faster and for more money, who knew. and 12

hobbs, simon hobbs, back to you. >> that was nice.ery much, rick. >>> straight ahead, we're live from the imf world bank meetings in d.c. sara eisen will sit down next with the imf managing director, christine lagarde. that's next on cnbc. >>> welcome back to "squawk on the street." i'm jackie deangelis reporting from the nymex. the department of energy out with its weekly natural gas storage report. just checking on prices here, because we did turn positive. $2 right now is where we're trading. we had a drawdown of 3 billion cubic feet, not exactly a bullish number here, a small drawdown, but compared to what we saw last year of 49 billion cubic feet increase in stocks, it is a little bit of a disparity. remember, these prices have been trading largely on the weather, and we saw that little blip over $2 because it was a short-term cold-weather trade, but temperatures now starting to average out in terms of what you would expect for springtime. so, traders are telling me to expect these prices to stay relatively low. we're probably go

simon hobbs, back to you. >> thank you very much, rick.g something of a significant reversal in the dow early in the session. the dow was up 154 points, as you can see. we basically halved that, and then some. currently up 69. more on where we are, a big week for earnings, when we come back. the kitchen...that's home. that's like my grandma cooked, my mom cooked. i make a lot of banana bread because the baby likes bananas. (laughs) whatever home means to you, we'll help you find it. zillow. (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. great time for a shiny floor wax, no? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's

i'm carl quintanilla with sara eisen, simon hobbs, david faber at the new york stock exchange.ple wondering if this is the moment the market is making a turn. down about 85 points, on track for the worst two-day loss for the dow since the end of february. getting some macro at moment. ism services. for that we turn to rick santell santelli. >> nonmanufacturing services sector, looking for a number in the neighborhood of 54.5, 54.2. we got the high side, 54.5. this is a good number. it's the best number since actually just the end of last year in december when it was 55.8. but the good aspect of this number is we reverse the two-year trend. the unrevised look at february at 53.4 represented a two-year low read going to february of 2014. so this reversed that. let's look at new orders, shall we? they moved up from 55.5 to 56.7. employment moved over 50 into expansionary mode to 50.3. i would like to see this stronger, but also keep in mind it has not been under 50 on the headline number basically since january of 2010. now we're also looking for jolts to come out if it moves mark

i'm simon hobbs with sara eisen and mike stantoli.ket down about 80 points on the dow at the moment. a lot of that has to do with oil trading at $36.87. >> more breaking economic data. let's get over to rick santelli with that news. >> sara, ism, the march read, 51.8. better than expected. on expectations 49.5. unrevised. 51.8 is the best headline number since july of last year, when it was 51.9. let's look at the february read for construction spending. that is not a good number. 0.5 down. it equates to tieing what we had in november. you have to go all the way back to june of 2014 to find a bigger number down 0.7. what's looked at the most, university of michigan sentiment, a final read for march at 91 that compares with the pre -- the mid read at 90. but has to compare with february's final at 91.7. so sequentially lower. how does 91 stack up? we were at 91.7 the last month. i have some more nitty gritty. ism manufacturing report, the employment was 48.1. that's 0.4 lower than what we were last look. we already had what looks to be

simon hobbs, back to you. >>> though e. chipotle, shares are still down 40% since they first rocked the business. are the company's efforts to get people back into stores working? we have exclusive tech data next on cnbc. tavi gevinson. trendsetter, tastemaker, and teenager. watson, you sound like a fan. millions look to you for advice. i know... i can't believe it. i am learning to analyze social media to spot trends and predict demand. sounds like you spend a lot of time online? i constantly absorb online content to follow shifts in pop culture. so... you're learning to think like a teenager? yes. how am i doing? well... uh... great time for a shiny floor wax, no? yes. how am i doing? not if you just put the finishing touches on your latest masterpiece. timing's important. comcast business knows that. that's why you can schedule an installation at a time that works for you. even late at night, or on the weekend, if that's what you need. because you have enough to worry about. i did not see that coming. don't deal with dis

i'm simon hobbs. go to our website options action cnbc.com. and the daily segment inside "fast money" every day at 5:40. see you next friday. 5:30 eastern. >>> i'm here to level the playing field for all investors. tlbs always a bull market somewhere and i promise to help you find it. >> i'm jim cramer. my job is not just to entertain you but to teach you. so call me. or tweet me @jim cramer. we got through the week. now we are beginning to see some themes of think amazon and facebook. higher commodity prices. chiefly oil and gas and a weaker dollar. in the end though, after a day like today with the dow lost 57 points, s&p 500 plunged. it is all about profit taking and earnings. just say exhaustion rather than anything important. i know i'm making it sound like the market has a mind of its own with mood disorder, sleep deprivation. of course, the market is not a person but it has a personification in the case of large portfolio managers who get worried and then take action. sell, sell, sell. driven more by emotion, rigor or even facts. we sta

. >> welcome to the halftime report i'm simon hobbs. our top trade this hour the raging bull on banks. with us is steve, joe, and pete and john. we have things down double digits and the sector the worst performer of 2016. our next guest says she the most bullish. he has been on the banks in 20 years as the earnings continue to roll in. mike mayo is the bank analyst at clsa and a good friend of the show. hello. 20 years. better than 2006-2007? more bullish than two decades? >> absolutely. because the risk that you're taking is so much less than it was any time since the financial crisis. we made our big sell call at 1999 and because we saw all sorts of additional risk whether it's leverage and the types of loans the banks were making and the lack of oversight now it's night and day. the degree of oversight on the banks, i mean, you know, jamie dimon can't leave the building without someone watching what he is doing. what we're talking about here is the amount of capital at record levels. the liquidity is at record levels. the oversight,

let's get to simon hobbs and see how europe will close out today. lot of red. >> this is a much worse performance in europe than in the united states. a number of fanlgmajor factors. data is poor. not gets traction from the eurozone economy. the pmi was revised down. german factory orders go negative month on month, although it has to be said it's a volatile index and at the same time january was revised up. into the fray, we're really watching what is happening with the bond market. the rally continues at the core of europe on sovereign debt as the ecb now buys 08 million euros of bonds each month. this means the yield on the ten year has crossed through lows for the year. this is a two year chart at the now ten basis points. below we had april of last year was five bhafs pointasis points. do you have deutsche bank says there is not enough issuance to buy. so that will be a big story when that happens. into this you then have a report from reuters that the european central bank according to the italian banks is coming close to setting some of the d

we're talking about hobbs act extortion, which this court has previously construed in both mccormick evans to be perfectly valid upon the proof of a quid pro quo when the official asserts that his action will be controlled by a thing of value that he has received. and now we're talking about the question of what constitutes "official action" for the purposes of a common law crime that goes back centuries and was incorporated into the hobbs act. we're also talking about the honest services statute, which this court in skilling just six years ago determined could be construed -- justice roberts: well, yeah, "could be construed." i mean, there were, what, three votes to find it unconstitutional? and the others say, well, no, because you can narrow it in this way to the core definition of bribery. and now maybe the experience we've had here, and the difficulty of coming up with clear enough instructions suggests that the caution the court showed at that point was ill advised. mr. dreeben: well, i think it would be absolutely stunning if this court said that bribery and corruption laws, w

>>> shares of royal caribbean are failing to respond to the beat of 26 a share, and simon hobbs with >> yes, the royal caribbean's earnings were helped by better than average pricing to caribbean and passengers spending more, and that is drinks and internet access, but there is disappointment that the outlook for the second quarter may be soft. joining us from exclusively of miami richard fain, the ceo of royal caribbean and wo i like to call the founding fathers of the modern day cruising movement. how do you see the quarter, sir? >> well, we are ecstatic, and we had a better quarter than our guidance was, and we had a better quarter than the street estimate was, and we have raised our guidance for the year, and so instead of getting the 25% increase this year in earn, we are up to 30%. we are feeling good about all that is going on at royal caribbean. >> how about the share price not reacting? >> well, obviously, we chose the wrong day the come can out with the earnings, but i think that, it seems to be a great deal of tension in the market. the only thing that i can think of that

just two years ago, rob's yale roommate jeff hobbs wrote a novel about his friend, the short and the tragic life of robert peace. this is their story. >> this was where we lived when we were randomly paired as roommates freshman year. we met on the fourth floor on move-in day. >> guns n roses was playing, sweet child of mine. >> reporter: this is where jeff's story with begins in august of 1998. they were too very different young men. family in delaware. rob raised by his mother jackie in south orange, new jersey. his father in jail for murder. it wasn't until rob's funeral 13 years later that jeff started putting their story on paper. >> i set out just talking to six or eight core family members and friends and everybody -- rob had a lot of friends, six to eight people can turn into 75 or 80 people very fast. and as all the stories came together, it seemed like there was some value, some positive value hopefully in telling the story of his life and that is death. >> rob is his name. we called him by his middle name. home from the hospital back on june 25th, 1980, a little bundle. my

. >> simon hobbs, thank you. and coming up next, big day for the tech earnings.be buying or selling the names going into the close? we will have some answers in a moment. >>> good morning again, everybody, i'm sue herera, and here is the cnbc news update at this hour. the president of ecuador is going to the hike taxes to pay for the devastating earthquake that caused billions of dollars off damage. he is raising the sales tax and one-time levy on millionaires to pay for the reconstruction and workers making more than $5,000 a month will be forced to contribute five days' pay. >> and the red cross is delivering the largest convoy held for the opposition town held under siege in syria, and it is carrying much needed supplies for over 125,000 residents. >> a federal appeals course has dismissed a lawsuit filed by kentucky clerk kim davis, and this is after the kentucky governor removed the names of county clerks from marriage licenses. davis' suit claimed that her name on the license form violated her religious beliefs. >>> and queen e llizabeth is celebrating her

. >> thank you, simon hobbs with an important update from europe.hile, the stocks moving to all-time highs, and we will be moving up, will we? or is a pullback on the horizon? we will have more on that when we come back. >>> good morning, everybody, sue herera here sh, and here is the update. the supreme court ruling that $2 billion in frozen iranian assets must be turned over to american f families of people killed in the 1983 bombing of a u.s. marine corps bombing in beirut. the ruling is deal thing a big setback to the iran central bank. >>> more people were rescued from their flooded homes in houston today. officials said that more than 240 billion gallons of water fell across that are region e earlier this week, and more than 1,000 homes were flooded and several people have died from the heavy rains. mitsubishi motors has admitted that it fabricated test data on multiple vehicles. they said that they manipulated the testing methods to make the mileage look better, and they bowed in apology. they were also involved in a cover-up 15 years ago. >>

. >>> let's bring in simon hobbs. >> you know, colin, we are re eroding gains earlier.till green, solid, but some banking stocks notably down into negative territory. and it is really all about the italian banks today. we do have a meeting in rome this afternoon. which the -- some of the big lenders on the government along with the state lender are going to try and hammer out some deal that enables the italian banks to better raise capital and deal with their nonperforming loans but stay within european union rules. so these guys were actually higher, of course, on friday. they followed through today. some disappointment, perhaps, that it didn't emerge over the weekend. but it is what it is. those guys are higher. and actually, other banks around europe have also been lifted today. as have other insurers which is quite interesting. we continue to see certainly sovereign debt riding high and t yields falling. >>> the political event of the day in the last half hour. prime minister david cameron before the house of commons with a very robust defense of the revelation that

let's bring in simon hobbs to count you down for the close, which actually happened already. >> three of losses in western europe. we have got gains. we still have got gains, though we are off our highs if you took a weighted average. friday into today is when the ecb doubles down on its qe and you see the bond markets continuing to rally as a benchmark. you can have a look at what's happening to the ten-year german yield, moving further into negative territory. actually senior member of the ecb suggesting acting forcefully and will continue to act forcefully. there is more ammunition if they think inflation expectations are continuing to deteriorate. so you hear basically 13 basis points. remember the low we got in april of last year intraday was five basis points. so we're still positive but coming awfully close to those lows. the big move is today on the stock market in europe. the four french telecom operators. remember there was a deal on the table to take those four to three. that is basically broken down. they're not making money because these guys iliad came in as a low-cost c

there's also walk to work day hobbes were rekindled freak clipper cards backpack sacks and coffee. >>e getting ready for some rain to come into the bay area. we will also with the spade or the police are the seed of a deadly crash in at antioch. will get a live report. police are looking for this matter who is a suspect to lead police on a chase with kids in the car. here at the stanhope to bridge traffic is lining up right now. >>male announcer:this is the bay area news station,kron 4 morning news starts now >>anny hong: with sen clouds on the increase the to the system we are watching and southern california which is of that if the commerce centers where at 59 degrees in oakland a high is low seventies after setting some new records yesterday the nine is much cooler howe almost by 20 degrees it will be little breezy look for when it's coming in to the south the tentative smiles powerful. >>anny hong: 57 and livermore 59 as san myself and for fifties in santa rosa from a mild start recall these guys out there when we come back we'll talk about the rain that is headed this way. >>robi

so c >> like roy hobbs did, heike broke the lights in the natural.atura >> it's amazing and when you look at that, eighth fastesththa to get a hundred, hall off famers on that list in prettyre good company he if he can keep this career going.r going >> absolutely. >> enjoy the weekend.ee thanks as always.s alw we'll hopefully have a coupleou more cans wins to talk about t on monday.o >> hope so.op >> they play tomorrow.play they needed that last night. nig >> i was a little nervousittle e after the first period. i know you guys just talkeds jue about it but --abou but >> good way to start.o start >> i got a good stanley cupup feeling.eling. >> hope so. >> yeah. >> one game at a time. >> that's right. >> all right, one day at a time weather-wise. we're looking chilly againchil this morning but i just wentt w out to my car. m c >> you did? >> yes. just went to the car.st will to get a couple things i wp had forgole ttten and it's chili out there. might want a m wan jacket. ja 30's currently north and west. w 45 in the city.45the 34 in leonardtown.to mi

i certainly thought of calvin calvin and hobbes, the imaginary tiger as a kid my question is have you been in the company with homeland security who may have a response to what is actually going on behind the scenes that he could reveal in regard to your assumptions. >> we tried various times to get through but it doesn't seem to be working very well. when rosa brooks talks about getting the message across, there there isn't a whole lot of receptivity. to give you an extreme example, because of the total no-brainer which is the federal air marshals. we've looked at about 748 ways and other people have to. basically when you look at it, it's an incredible waste of money. it doesn't doesn't improve risk reduction much at all, if at all and it cost an incredible amount of money, $1 billion a year. we've had some proposals where they keep some marshals and they shift some things around without changing security around. both the airlines and the taxpayers would save several hundred million dollars every year. we've sort of puts this in various places and so far one member of congress, dunc

simon hobbs, back to you. >> rick, coming up on the program, we are live from china in the country'sring hub where they hope to become the global leader in electronic vehicles. what stands in their path? that is ahead, next. >>> facebook earnings impact with tech stocks under siege will >>> will china lead the world in electronic vehicles? they are pumping big subsidies into the sector hoping to do just that. and phil lebeau is in shenzhen chi china. >> we are here because this is the home of byd automotive. we have spent time with the folks looking at not only the assembly process, but the battery production and over 60,000 electronic vehicles were sold last year, and they are hoping to double the sales this year, and expand the production, and two things are prompting the growth of electric vehicles're in china. there are federal and local incentives for often 15, $20,000 and direct rebate to the people who buy the electric vehicles, and also, if you buy an electric vehicle, you will get your license plate immediately, and registered. you don't have to wait for the auction or the l