people versus james hodges.le versus dorian jones. >> the record we have all four defendants with respective counsel, mr. becker. >> your honor, these kids are ready for sentencing at this point in time. i know we have a victim that wants to address the court all at once. >> i'll larry from the victim first, please. >> you do not need to state your name. go ahead, please. >> this whole crime has honestly been the worst struggle i've been through. i've dreaded this whole process, dreaded it for the fact i have to look into these faces, lost countless hours of sleep trying to recount the nightmares of that playing in my head over and over again. i dread it so much i thought i couldn't do it anymore, that i couldn't bear to get up out of bed in the morning. but i did, and i will keep doing it. i hope during your sentence you will reflect on your terrible decisions and actions of wrongdoing and in your punishment you can become a better person. >> thank you very much. >> one by one, they stand before the judge. >> i

. >> good morning my name is kate hodge. i want to commend the staff for the tremendously hard work with this plan. based on a five year plan the strategy developed by the mta an excellent strategy but it's been turned into a 25 year plan this is a strange development and i wonder how our city is going to live up to its promise. right now what you are asking for -- so we're asking that the mta and other agencies involved with this plan development articulate how this is going to be able to reach the promised goal by 2020 thank you. >> thank you very much. any other member of the public would like to comment? okay. we'll close public comment. >> and colleagues commissioner wiener. >> i'd like to respond to ms. hodge's comment. >> absolutely. we very clearly support the bicycle strategy implementation. implementation of that plan requires a lot of funding as well as increased project delivery strategies partnerships with the mta and communities really allowing those projects to go in efficiently we can accelerate it with a con

louis. >> mayor hodges, you're the pro, tell us how do you prepare for something like this? >> well, i mean certainly you know we encourage folks if they need to to stay in. the governor cancelled schools statewide. our school system is also going to be shut tomorrow. in our city we have delayed garbage collection for a day. the folks who work outside, we need to make sure they have the protections that they need, especially our first responders. you know, we make sure they have the protection they need but they are heroes. and they are doing their jobs in this cold. >> ifill: how do residents respond to this? do they just say oh, it's cold, we know what cold is in january in minnesota and go about their business or do they take this more seriously this time? >> i think it's both. you know, people take it seriously but we know how to handle it. and so we, you know, our protocols come into play. there's a lot of phrases like oh, it's very brisk outside, it's very brisk. >> ifill: brisk sounds like it is an understatement, mayor slay, you also have to worry as you pointed out

while hodge keeps a weather eye open for moistened. morgan is why it's head out to the beach with their child to catch that these final rays of sunshine the former inmate to know gaza residents compares the link leads to an open air prison. and tells us of his deepest desire. but i am. one day i'll be able to return some of it it's the place where one slip. this is the only team i am blessed however the key to the site to see a great sunday. above all set to go home one day as such. since the last war with israel few real kids have been fired from gaza the enclave continues its painful reconstruction against that backdrop the precarious troops. but the gardens cured. they are the stay quiet for very long just a few mechanics is living today and also giving us a flight path of least that will estimate the visit it more nations of course coming up. at this stage the eye. i did. does. new stars even saddam held the glasses on csi maclean's something else case unfolds and the portions and they don't appreciate that have never been launched

hodge koj's hang seng is closed for the holiday. >>> president obama's plan is expected to be in effect by the end of the year. mr. obama signed the order on wednesday during a visit to pittsburgh. the program known as m.y.r.a. is similar to a roth ira. it would help workers who do not have retirement plans. >>> google bought it two years ago for almost $12 billion. the sales suggest lenovo could become a big player in the smartphone business. >>> finally target says hackers stole credentials from one of its vendors. you may recall in december that the discount retailers found that these same hacker mace have compromised credit and personal information for millions of its customers. target has declined to identify the vendor or say how it happened. they have tightened security on their computers. anne-marie, the story keeps getting worse and worse by the day. >> i know. hopefully they can wrap up this investigation because it has a lot of people concerned about their credit cards. >> especially if they shopped at target. >> many being one of them. thanks a lot, joya. >>> president obama

. >> good morning my name is kate hodge. i want to commend the staff for the tremendously hard work with this plan. based on a five year plan the strategy developed by the mta an excellent strategy but it's been turned into a 25 year plan this is a strange development and i wonder how our city is going to live up to its promise. right now what you are asking for -- so we're asking that the mta and other agencies involved with this plan development articulate how this is going to be able to reach the promised goal by 2020

darryl hodges, whose now 20 years old was the other teen involved in the rape. hodges was sentenced to 24 years in prison. 36 year old umberto salvadore was also convicted by a jury and will be sentenced next month. >>> new tonight, a frightening encounter for an 11 year old boy after getting bit by a german shepherd dog that happened saturday morning on the 2600 block in san leandro. officers had to shoot one of the dogs involved in the attack. they spoke to the boy and shows us what happened. >> right here on the back of my legs, three teeth right there. >> reporter: matthew shaddle shows off his injuries after being attacked by a german shepherd while playing basketball saturday morning. >> i thought they were the gardeners dogs so i continued shooting baskets here. >> matthew saw the dogs but didn't think anything of them until? >> and the dogs started like trotting down here and then one of the dogs started biting me. >> he kind of like bit in and held on to my shorts. >> that's when matthew's dad rushed outside and noticed the two german shepherds did not

jeremy hodge had been working in egypt as translator since october 2012.is mother says he needs medication for severe asthma. >> he is in detention wednesday night, and the embassy has not been allowed a one-on-one visit. i would say that's the most distressing thing. >> the u.s. embassy is aware a u.s. citizen has been detained in egypt but cannot comment. >>> the relationship status of the president of france has changed. an aide to the president confirmses hit ended his relationship with his cam panon of seven years. they weren't married but she was considered the first lady of france. two weeks ago a tabloid reported the president was having an affair with a french actress. >> coming up at 5:00, the startling moment between a lion and two kids taking pictures of the animal. >> she dedicates her life to helping others. await tress gets the tip of a lifetime when she needed it most. >> another record warm day in the bay. meteorologist francis those whod ewelcome to covered california. now, you can no longer be denied coverage because of a pre-existing co

. >> louisa hodge is in pasadena where the big parade starts in a few hours.ople i guess have been camping out to get a good spot. >> reporter: oh, absolutely! we'll show you some of those people. but you should feel the energy and anticipation out here. it's incredible. all 45 floats are set up along the route. i'm going to step aside so you can get a look. we are standing right next to the south pasadena float. this is the oldest float in the parade. some of these floats we're talking hundreds of thousands of flowers on them. you can see people sleeping in sleeping bags lining the streets. so some of these people have been working all night taking a quick breather. others are guarding the floats making sure no one touches the flowers. others are just kind of getting a good spot here and there's a lot of people out here getting up really early before sunrise to take pictures of the floats up close and personal. but joining me is jed. you are with the aids healthcare foundation. tell me a little bit about your float this year and kind of everything surrounding

eric marshall, hodges fund. we'll go back to dennis and netflix in the next block. reported earnings. it is trading $50 above where the stock closed. do the numbers justify that performance in the stock after-hours? let's dig a little deeper into that report. as dennis told you the more he looks the more questions he has. right now no questions what's happening. look at this, more than $50 up after-hours. that is how much that stock is trading right now at least in the bid. will it hold to tomorrow. >>> speaking of earnings raymond james is set to report in minutes. two billion accounts around the world. how much are they allocating their money and how much of a concern is fed tapering? will interest rates pop and what happens to investments then? we'll talk to the ceo of raymond james in a fox business exclusive coming right up. >>> we want to hear about you, we just talked about apple. you heard about carl icahn buying hundreds of millions of dollars. you heard about the incredible number of it phones they're selling. is apple's stock on the verge of a breakout? w

hodge's comment. >> absolutely. we very clearly support the bicycle strategy implementation. implementation of that plan requires a lot of funding as well as increased project delivery strategies partnerships with the mta and communities really allowing those projects to go in efficiently we can accelerate it with a concerted effort by the community by staff and new ways of doing business to implement these projects to design them faster and get in them in the ground faster and i believe there's no reason why we couldn't keep the pace of that investment but at the moment we're deliverying five million dollars per year and the new investment levels represents a large multiple of that about 38 million dollars per year if we were to do it by 2018 as was discussed at the hearing so this question of how much investment is not a concern i don't believe for us because it's really about can we get it done quickly in a timely way and to really discuss how we're going to do that neighborhood by neighborhood and corridor by corridor it's a whole new paradigm of delivery and community in

but hodges committee says her royal household has been spending beyond its means.iven that grant of $51 million last year, they overspent by about $4 million. draining down their rainy day fund to a historically low level. so what's a queen to do? parliament suggests laying off some staff, while government agencies have been pinching pennies, the royal household has barely changed in size, with more than 430 people on the payroll for the past seven years. ♪ and here's the big one, the committee wants the queen to open her doors to tourists for more than just a couple months in the summer. >> it's possible for the queen to rent out buckingham palace, to extend the time it's open to the general public, well, that is a possibility. >> reporter: in a statement, the queen's spokesman said they're working on a backlog of repairs. and the royal household is already generating more income than it did five years ago. lawmakers call that good news, but said those who serve the queen can do better. kate snow, nbc news, new york. >>> we'll take another break, we'll be back in

of it, i think at the curriculum committee meeting is what we heard is that the civic center is a hodge pogde of students and the continuation schools i think that the principals know that the students are low on credits and we have to get them up to speed and graduate. at the center it is a hoj poj of students of why they are there and not serving the students and quite frankly it is not serving our system either. and so, i think that this temporary solution is good, i think that it gives us time, to look at where our resources are, and so i urge the staff, and the superintendent to look at allocations and maybe additional allocations, to the continuation schools, and to have a real budget behind what we are going to do for the classes of 2016, 2017 and on ward, but, thank you for this proposal, i do think that it does reflect the deep and heated conversation that we had at the committee meeting of the whole. p >> miss way? >> hi. and and i like the report about what happened to it. and and followed for the students that take the different options one. >> on the student information sys

thousand stranded many advantages to need someone to walk till i moved its base continued to be the hodge into a makeshift dance filters and age common tactic he fled the cutting was all tired all i think that they opt for the good old digger. when did it with chopped nuts evenly and one good idea to do at this and now mom with a deficit that seem to get enough of that sentence was edible but you did it's what does he began teaching that he acted on would think of them like how funny that a five time i will be happening again i have a funny cute and you cannot offend but to be not having money in a heavy fine and not at the dome at the loud funny at the door. i think is austin was the most of them were three little ones forcing the locals to negotiate the kitchen standing asking the knights the oddball without it although i am not a man who led gov perdue with the name into the net or whatnot from which didn't mind all of that is equipped with two of them and what was so sick i got that but the one up above the football. this menu and there has often been going to the seats which has been

one million pounds from the sovereign grants chairwoman of the public accounts committee margaret hodge said more can be done to increase revenue for the royal household. you can look at raising more income they've done a bit of work in that but if you just look at buckingham palace it has about half a million businesses a year now that the tower of london has over two million visitors a year and of course buckingham palace is in student politics so the things are different but nevertheless the queen is not that all of the time and i think more income could be generated if smarter use was made of the if they did but it is the palace when the queen is not in residence. the crown estate is worth more than seven point three eight billion pounds and includes properties across the u.k. let's just hope that royal baby george grows up to be a bit more savvy when it comes to money matters than the rest of his family is today. well there you have it as always we'll be tracking this story and keeping you posted on all the latest. with the money in her household budget or not the british economy a

douglas hodge will become the new pimco ceo.he chairman of ubs told us what he thinks about the loss trip >> he's definitely a loss to any company. he has been a great name and a good commentator on monetary policy. i know him for many years. he is very good to exchange views. i don't share all the views. we are very equity focused. it has served us well. it's a good sounding board if you talk to people like him. >> betty liu is out with a new book," work smart." all this week on "in the loop," the biggest names in business answer a different question every day in today's question -- what is the one skill every leader needs? >> credibility, both in the way he deals with people and the way he deals with numbers and the way he deals with the realities that are around him. >> good listener. >> listening, your team your people in the market, customers, suppliers, they have a lot to say and the best ideas will not come from you your cell. they will come from other people. >> great people skills is the ability to be intuitive about pe

pimco's manager will be replaced .y hodge for on the markets, i am alex. ♪ .

we know what is happening at the hodges going to take over as ceo. joined by two deputies. returning to that idea that maybe he has left it is of the clash of personalities, that is something pimco seems to be trying to downplay, because they put out statements raising one another, and what i really like is a tweet followed up via bill gross. he says he is charged 110%, and he can go another 40 years. considering he is already 50 years. -> do we have any idea what el erian will do next? he is going to stay on the advisory board. what next? bythere is a great article my client. he comes up with three ideas. maybe he goes to the fed, at the he used to work imf. egypt and politics. there was a rumor in 2012 that el-erian could become the prime minister of egypt. also maybe academia. taught at harvard business school. >> we will keep an eye on that. that could make for an interesting time as they go to unwind $3 trillion worth of a balance sheet. as the business leaders gather, hours away there is another meeting taking place. you have the world leaders gathering to discuss the

along with hodges, christie and charles smith. >> it's all about basketball, entertainment. >> reporter: in a statement overnight, former new york knick charles smith said that he's excited to participate in the game. kim and rodman met last february when rodman took the harlem globetrotters to north korea for a documentary series. he went back in december to help train the north korean team. rodman has been criticized for his new friendship with the leaders of one of the most oppressive countries in the world. >> lot of people in america don't approve of what i have been doing. but that's not my problem. >> reporter: rodman responded to the backlash in an interview with george stephanopoulos. >> are you aware of his threats to destroy the united states? >> i understand what he's doing. i don't condone that. i hate the fact that he's doing that, the fact is, you know what, that's a human being, he's been a friend to me. >> the u.s. and north korea game is set to tip on wednesday. unclear whether rodman is suiting up. dan and bianna. >> alex, thank you. >>> let's bring in george stephano

earlier i spoke to margaret hodge who leads the account committee. they were not planning how to ensure that the necessary repairs were made to ensure that it was kept in good condition. some extra money, and they say they have done that in 2012-2013, to the tune of around $5 million, but that's still not if you have from what i understand, you want the doors of bucking ham palace to be open a little bit more often? >> well, we welcome the progress that they have made there. but we think there's further to go. if you look at the entire of london, they have over 2 million visitor as year. and it's quite a commercial undertaking. they have half a million, and of course the two palaces are different, in that the queen lives in bucking ham palace for half of the year, so you can't expect the same, i think it is a more commercial approach to ensuring that we really need hard times when everybody is trying to cut the deficit. so if we can ensure that we really eke out the best value from bucking ham palace, i think we can go further, and i think what we fe

with more on this, scott hodge president of the tax foundation. welcome back to the show, scott.ent on the website; right. here is what they say. they say call us with your questions. >> right. gerri: available monday through friday. not so true; right? >> not so true, gerri. as the -- [laughter] as the taxpayer advocate found when you call the irs, you're not only not likely to get through and get a real person on the phone, but you're probably going get a wrong answer. that's part of the problem. the real root cause of this, -erri, is the come -- complexity of the tax system. we handed the irs an impossible task of trying implement the complicated -- gerri: all right. get to obamacare in a second. i want to go through the numbers. they are pretty shocking; right? 4 million words in the tax code. that's more than shakespeare ever wrote. they're a lotless understandable. 20 million calls unanswered out 1600 million calls to the irs. people are really calling in looking for help, looking for assistance. why is it so hard to understand the tax code? >> well, congress made it too co

take on the american side that includes kenny anderson, cliff robinson and vin ker, along with craig hodgesdoug christie and charles smith. >> it's not political. it's all about basketball, entertainment. >> reporter: in a statement overnight, former new york knick charles smith said that he's excited to play in game, writing, cultural exchange is about sharing, sharing ideas and thoughts on education, culture and life. kim and rodman met last february when rodman took the harlem globetrotters to north korea for a documentary series. he went back in december to help train the north korean national team. rodman has been criticized for his new friendship with the leader of one of the most oppressive countries in the world. >> lot of people in america don't approve of what i have been doing, but that's not my problem. >> reporter: rodman responded to the backlash in an interview with abc's george stephanopoulos. >> are you aware of his threats to destroy the united states? and his regime's horrendous record on human rights? >> i didn't look at that. i understand what he's doing. i don't condon

. >>> meanwhile, 26-year-old jeremy hodge, a translator and an egyptian filmmaker he was with were arrestedo reason why. >>> cairo, protest set fire in kiev. the interior ministry is accusing them of capturing two of its officers. the unrest spread across this eastern european nation with protesters seizing a government building in another city. ukraine's president is now promising a government reshuffle. >>> and on wall street stocks ended taking a slide or rather a bit of a nosedive on friday. the dow jones fell 318 points closing below 16,000. that is the biggest one-day loss since back in june of last year. the dow is now down almost 500 points just over the last two days as investors are slowing in the global economy. >>> a federal judge ordered a texas hospital to remove a brain dead pregnant woman from life support. marlise munoz's husband told the judge his wife had made it perfectly clear to him she did not want to be kept alive if she ever in this condition. the hospital had argued it is required to keep treating pregnant women as long the feet tus is viable. they have the hospita

. >>> meanwhile, 26-year-old jeremy hodge, a translator and an egyptian filmmaker he was with were arrestedo reason why. >>> cairo, protest set fire in kiev. the interior ministry is accusing them of capturing two of its officers. the unrest spread across this eastern european nation with protesters seizing a government building in another city. ukraine's president is now promising a government reshuffle. >>> and on wall street stocks ended taking a slide or rather a bit of a nosedive on friday. the dow jones fell 318 points closing below 16,000. that is the biggest one-day loss since back in june of last year. the dow is now down almost 500 points just over the last two days as investors are slowing in the global economy. >>> a federal judge ordered a texas hospital to remove a brain dead pregnant woman from life support. marlise munoz's husband told the judge his wife had made it perfectly clear to him she did not want to be kept alive if she ever in this condition. the hospital had argued it is required to keep treating pregnant women as long the feet tus is viable. they have the hospita

live in pasadena, louisa hodge, kpix 5. >> thank you. >>> time for traffic.oberta has that duty on this new year's day. >> reporter: i thought it would be a breeze i thought people would be kicking back taking it easy sleeping in. we have congestion in the south bay. sky port drive u.s. 101 a little busy there. meanwhile now we have some activity off the 238 towards the corridor. we have a backup. 880 towards 238, what is everybody doing out this morning? okay. we're slowing down! there's a look at san jose this morning with air skies and temperatures near 40 degrees and so far no reports of any airport delays. carquinez bridge to the maze, there's one -- -- is there another car? okay. doing fine on the approach there. here's another look this morning. i880 to u.s. 101. westbound, lots of clear conditions. ultimate path towards 68015 minutes on 238 to 880. or 80 i should say. it's only 10 minutes towards the 580/680 corridor. bart starts at 8:00. muni on a holiday schedule as is caltrain. and ace train no service there this morning. lawrence has weather. >> w

. >>> a group of teachers is hodging to school the union with a lawsuit. at issue, union dues.ed to pay the dues even though they want no part of the union and they want it to stop. the case is making its way through the california system as we speak. rebecca, this is not the first time we've seen suits like this. those that want to be part of the union, don't like dues of the union but are beneficiaries of the contracts? >> a case that will probably go to the supreme court, because it's a very hot agenda item. what these people are saying is they don't like the political stand the union is taking on certain issues. the supreme court voted in the last few years that a portion of someone's union dues can be subjected if they don't believe in what the union's agenda is. these people are saying, i don't even want to be part of the union. pull me out of collective bargains but are in a state mandatory union membership. california. so what they're saying is, we don't want to be part of your union. we'll bargain for ourselves. we want out of you totally, union. this will probably go

>> mandy, at the hodges small cap fund we like a dallas based restaurant company brinker internationalbrinker is, they have, they own 1,500 chili's scattered around the country, and they're growing earnings 17% or 18% a year, and we think that will continue over the next three or four years. one thing we like about brinker is that over the last eight years, they bought in 50% of their shares outstanding. meaning, in 2005, they had 130 million shares at that time. today there's only 65 million shares outstanding. so as they grow earnings, earnings per share increasing, because they're over fewer shares outstanding. the other thing that brinker's done, they've remodeled their stores. they just raised their dividend 20%. and we think the stock is 45 today, with their earnings growth and outlook, we think it would be a $60 stock in two years. >> ooh. >> gary, loves to buy, eat. thank you very much. let's go a little biller now. mid cap. stocks on the market caps generally between 1, 2 ands 12ds billion. the five doctor star rated mid fund is here. ceo constantly on cnbc. koog snowmobiles a

to north korea to an exhibition game, kenny anderson, cliff robinson and ben baker with he craig hodgesh korea e afternoon senior national team which happens to be kim jon un's birthday. he says he considers the leader a friend for life. now, rodman is calling this game his version of basketball diplomacy. >> we will see if it leads anywhere then. ? >> we will see. >> thanks, michael. dramatic footage on the coast of the united kingdom. >> here we go. there it goes. look at that. the moment part of a cliff collapsed following days of rough seas along the coastline. local officials are urging the public to stay away. the area is usually frequented by fishermen and popular with tourists in the summer. sgluk has bi ben hit with flooding. in the southwest many homes and roads are under water. >> for days, parts of britain have been battered by bad weather. the huge tidal surges, heavy rain and gale-force winds striking hard. the deluge and destruction was not as bad as many forecasters have predicted. as day broke over the southwest, the worst of it seemed over. for now, at least, with the

. >>> meanwhile, 26-year-old jeremy hodge, a translator from los angeles, and an egyptian filmmaker thatwith have been arrested. no word on why. >>> and in ukraine, violent anti-government riots overnight as protesters set fire in the capital city kiev. the interior ministry is now accusing the demonstrators of capturing two of its officers. the unrest has spread across this eastern european nation with protesters seizing a government building in another city. ukraine's president is now promising a government reshuffle. >>> and on wall street, stocks ended the week taking a slide or rather a bit of a nosedive on friday. the dow jones fell 318 points closing below 16,000. that is the biggest one-day loss since back in june of last year. the dow is now down almost 500 points just over the last two days as investors fear a slowing global economy. >>> and a federal judge has ordered a texas hospital to remove a brain dead pregnant woman from life support. marlise munoz's husband told the judge that his wife had made it perfectly clear to him that she did not want to be kept alive if she were

douglas hodge will become ceo.truggling to stem record redemptions from the world's -- emco has been struggling to stem record .edemptions another record storm in the u.s.'s northeast. the latest warnings as wall a -10 degreesp to fahrenheit chill and plenty of snow. all-star lineup of guests in continues. the biggest newsmakers from the world economic forum, coming up next on "the pulse." ♪ >> welcome that, you are watching "the pulse," live from london. after data a tear showed unemployment has come down to 7'1" percent, the latest data. 7% is the threshold that mark carney said at the bank of england. it is a threshold, not a trigger. spark -- it could spark a debate in the u.k. about rates going higher, sending the pound higher. what is the news from davos? let's find out. got hans we have nichols over there with you. mike mckee is in new york. francine? >> plenty of interviews coming up. tom will have a conversation with cain rogoff, and a lot of chief executive officers. i will hand it over to hans, watching

he'll be replaced by ceo doug hodge. the deputy cios will set him up to succeed gross.y hired neel kashkari to build a stock portfolio but that's slow going as he quit in december. tuesday kashkari announced he's running for governor of california this fall so pimco made lots of headlines yesterday. ross back to you? >> yes, i have a feeling its a few more might be coming out. we'll see what happens. court, thanks for that. also a shakeup at dow jones. lex fenwick resigns less than two years after taking the job, previously spent more than two decades at bloomberg. replaced about i william lewis on an interim basis. he was a controversial lead we are a hard charging personality and pro feign outbursts. they flagged weakness in the dmg institutional business fenwick was brute in to fix in the past few earnings reports. >>> we'll take a short break. still to come back in davos for a closer look at some of the world's business leaders are predicting for the year ahead. >>> european action is slightlily softer, the xetra dax off 0.3 and the cac 0.1. major data out of europe

the other men, baker, robinson, hodges, other great players that went there on cultural exchange. that's a legitimate thing to do. i get it. but the game was gifted to the ruler as a birthday present. that makes it almost a celebration of a man that should not be celebrated. >> they're playing the game on his birthday, right? >> as a gift. >> obviously dennis rodman is sensitive about the bae issue or he wouldn't have blown up at you. >> there are plenty of reasons to blow up at me. one of the few things that doesn't make rodman unusual is wanting to get upset at me in an interview. we have to look past bluster and remember who's really upset and angry -- >> kenneth bae's family. >> exactly. you have to keep it in the fore front. that's why we did the interview. i felt charles smith and the others were having to sit there and support rodman. >> unbelievable interview. i'm sure it's online now. many thanks to you. >>> in the newsroom, president barack obama making the push for congress to extend unemployment benefits. jim is at the white house this morning. hi. >> reporter: the fro

craig hodges once accused the nba of blackballing his political views. so it's an interesting group of guys. >> yeah, it is an interesting group. but i don't think it's necessarily fair to point out the problems they've had in the past. >> why not? >> i don't think that's what this is about. we're making this about politics when it's about basketball. i don't think that that part of this is fair. >> then why do you think they went over there? >> i think they went over in essence to bring our game, which we take all over the world, to try to grow and expose, and in the same breath, also utilize it as an opportunity to maybe start some discussion and some dialogue. >> do you think it is entirely altruistic? >> they may have individual agendas. that i don't know. but again, i don't know that we're necessarily carrying this out completely fairly. i don't have any conversations with these guys. i know them. >> if you were invited, would you have gone? >> i probably would not have gone. but again, so should we now -- at least that's what i thought we were talk

pimco's managing directors have elected douglas hodge as the new chief executive officer. the global head of talent management and now will be president of pimco. so mohamed el-erian stepping down from his role as ceo and co-cio of pimco. we'll stay on with allon as an advisory capacity. back over to you. >> dom chu, want to get some thoughts from the panel because mohamed el-erian is one of the most prolific and visible faces in the asset community. >> absolutely. this is a real surprise and of course, it comes at the end of a period where pimco has had some trouble and it'sin its very well-known bond funds. it's not been a good time to invest in bonds. folks have been favoring the stock market which we were just talking about a moment ago. it's been a tough couple years. that may be a reflection of that. there's no context surrounded as of now though. it does sound like an orderly transition given they've already elected a successor. hopefully he'll come on our air sometime soon and tell us about his plans as he often has in the past. but i'm quite surprised. >> for all