please welcome roger hodge. [cheers and applause] thank you for coming on. [cheers and applause] >> thank you. >> stephen: have a seat. you are the editor of "the oxford american." here is the magazine right here. it's called the new yorker of south. >> i've heard that. >> stephen: have you heard that. i said it earlier in the show so you might have heard it from me. [laughter] why do you think people call it the new yorker of the south. what is it that -- the new yorker is high florida lawsuitent. >> i don't know why. the new yorker comes every week and piles up. and according to some people no one reads it. [ laughter ] >> stephen: how often do you put out this thing? >> quarterly. so you have time to read it. >> stephen: you have to work really hard to let it pile up. [ laughter ] >> exactly. exactly. >> stephen: why is it called "oxford american"? that sounds english to me. >> it does, but there's a place in mississippi called oxford, mississippi, and that's where it was founded. >> stephen: faulkner, right? >> fawmer in country, right. >> stephen: are y

live in angeles oaks, louisa hodge, kpix 5. >>> it's likely to anger some in the bay area, why one city says there's a need to hike garbage collection rates for the third time in two years. >> it feels like you're on a roller coaster pretty much. >> they sailed over rough seas and through the worst overweight. we'll talk to the crew of -- of weatherment we'll talk to the crew of a racing yacht who just cleatth completed a trip from fork -- completed a trip from new york to the bay area from record time. >> and remember the bay bridge opening celebration. a live look at the new eastern span as we count down to opening day. rate hike for redwood city residents. collection rates could go up by 3-per >>> another possible garbage rate hike for redwood city residents, collection rates could go up by 3% if the city council approves the proposed new rates. it would be the third rate hike in two years. worker raises, higher benefits as well as rising fuel prices are said to be behind the need for the increase. last year the city counsel sill approved a -- council approved a 7.2% rate increase. >

live in angeles oaks, louisa hodge, kpix 5. >>> in oakland man wrongfully convicted of trying to kill a man is getting a second chance at life. ronald ross has spent more than six years of a 25 year sentence in state prison convicted of attempted murder and assault with a firearm. the innocence project made up of law students at santa clara university took a second look at the case and found numerous problems with it. now ross is about to go free. his mother can't believe it. >> i feel good. like they somebody lift the world off my shoulders. i feel real greet. i'm great -- great. i'm great and i thank the lord for that that my son is getting out for something he didn't do. >> he's believed since the very beginning that we were going to be able to get him out. he really believed in us. >> the ordeal began in april 2006 when the victim was shot in the ribs after answering a knock on his front door. the man police now say did it. steven embry senior was later convicted of murder in an unrelated case. >>> santa clara's fifth largest employer is hiring. the great american theme park is tr

he will hurt you any opportunity >> that inmate, convicted killer henry hodges requires a team of fives his cell. >> that particular death row inmate was a harsh reality check for me. >> officer robert mosley was one of hodges' victims. >> got medical on unit. >> i went to apply his handcuffs. and i got distracted. as i'm applying the handcuffs he grabbed my arm and pulled it in and drew a razor blade down my 59 stitches and the scar isn't >> the psychological effects never goes away. it, but you can't take this job these guys are not here for the right reasons and the reality of keep your eyes on the inmates at all times. don't ever take your eye off them especially on death row because these guys got nothing to lose if they were to injure >> hodges declined to talk to >> we film him everywhere he goes when he comes out of that cell just like you're filming me so we can maintain some kind of >> but when we travelled to utah state prison we met one condemned man who was willing to at the time of our interview ralph menses had been on death >> i remember when ralph was first brought to

>> rose: we continue this evening with designer carolina herrera and her musical collaborators tom hodge and javier peral. >> everything is an inspiration and i went to the music because i think it's a -- it's so normal to be inspired by music. i think every designer is always listening to music and music transports you in a romance, in a dream, everything. >> rose: we conclude this evening with mickey edwards, author of "the parties versus the people: how to turn republicans and democrats into americans." >> the problem is not republicans. the problem is republicans and democrats, the white house and the congress. it's people on all sides who say you know, we have an ideology and we're not going to ever reach a point where we're going to compromise. we're going to fall on our swords. but we have a country to run, charlie. we've got to make sure the troops get their supplies. we've got to make sure we pay our bills. we've got to make sure the water is pure, the bridges don't collapse. you know, there's a point you say "i stood up for my principles, i'm going to fight for my principles."

i understand you commissioned a work of art for your show from tom hodge. why did you do that? love music, and one of the favorite is tom, and when i have a piece of music used from tom hodge in one of the collections, i saw the way he mixed the classical with contemporary, and i say i need to meet this man. we decided that we were going to produce a piece of muic for the collection, and this inspiration went into my head with this, and it came out well because it has glamour and romance. gerri: how do you stay current and competitive in a business you've been in many, many years. >> well, you have to be on top of that, and i've been lucky because the women like it. the more the people buy this, the more special i get. gerri: absolutely. now, the fabrics you are using this season, tell me what you are doing different. >> well, this season, the collection has a little hint of the 40s. the hint is about the treatment of the shoulders, the movement of the skirt, some of the materials are very special, very dramatic, let's say. gerri: i ow you don't think of yourself as a business

next time we do this, we'll know better. >> reporter: hodge still believes more should have been done. >> i understand you can't control the big crowd. i understand that but it should have been more security than regular people who work at m&t bank. >> as for tyreke, he is expected to be okay and recovering at home. reporting live, monique griego. wjz eyewitness news. >> glad to hear that. >> ravens officials also said they thought baltimore police did an extraordinary job handling the crowd. because no major incidents were reported. >>> updating the developing story from northwest baltimore, investigators are on the scene, with a deadly house fire. >> reporter: police confirmed to wjz that homicide investigators are looking into the scene where flames erupted. once the fire was extinguished, a woman was found dead inside. the medical examiner will determine exactly how she died. no cause -- word on the cause or if there were any working smoke detectors in the house. back to you, denise. >> all right. thank you, mary. and wjz will keep you updated on this investigation. >>> until toda

. >> 11-year-old tyreke hodge became trapped when the crowd suddenly rushed the gate. he told our partners at the baltimore sun what happened next. >> i fell. and they started piling up on me. i couldn't breathe. and then -- i said, mommy help me. i thought i was going to die. >> reporter: but tyreke's mother also couldn't move. >> all i can do is hold his hand at the time, being rushed over piles of people. >> reporter: he was eventually drag toed to safety. the 11-year-old suffered a concussion, broken blood vessels in his eye, and several large scrapes. they had expected around 30,000 people. more than 200,000 showed up. >> we did not anticipate the size of that crowd. i don't think the police anticipated the size of that crowd. >> to avoid some of the chaos we saw monday, ravens officials say from now on, they'll hold ticketed events. >> i think that was probably the major potential safety issue. next time we do this, we'll know better. >> hodge still believes more should have been done. >> i understand you can't control the big crowd. i understand that. but it sho

matt hodges to brandon then another davies had 25 points but denied. st.ys win. >>> the la times reports the oakland a's have an outline for a potential move to san jose. i spoke with the a's owner this week. >> south bay is still a possibility in your mind? >> to my mind it's the only possibility in the bay area for us. >>reporter: why is that not on option? >> oakland is on older city. we couldn't find a place to get it done. no one has come to would you say a proposal. >>> over in arizona the snow melted. rory mcllroy knocked out shane lowery in match play. charles provided the other big upset. 14-seeded hal would win. >>> 49ers coach jim harbaugh is the the only one who goes after the media for low hanging fruit. >>reporter: how excited are you for being here? >> i don't know what kind of reaction your wanting from me. >> kevin harvick holds off busch. >>> cheer leaders are athletes too. the ashley of william carry university. somersault and the ball went in. we'll be back after this. through sunday, save up to $500 on beautyrest and posturepedic. get

here is a look at their collaboration. ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> rose: joining me now is tom hodge thethe d.j. and music producer and the designer herself, carolina herrera. i'm pleased to have them at this table. >> thank you. so much for inviting us. >> rose: so here's the question, the two of you have been working together since -- >> 2000. >> rose: and what was the normal process? >> the normal process is when you have to collection ready then you call the d.j.-- which is javier-- and he brings a lot of music and i chose -- >> rose: this is after the clothes have been designed. >> yes. after the clothes have been designed. this time -- you know, fashion is finding something new that inspires you. and this time i was inspired by the music before designing the collection. >> rose: that's what's different. so let me go back to the story. you come to him and you want to do something different. >> absolutely different. >> rose: what do you say, javier? >> the whole story in the connection between tom and i was because i admired tom's music and i didn't know tom and we used tom in the sp

at the hodges funds we have spent the last few years studying thousands of companies.here is only so much they can do. they can reinvest in the business, make acquisitions, return money to shareholders or end up wasting or stealing the money app and the longer it sits there on the balance sheet, earning a return below their cost to capital, you erode shareholder value and ultimately you become more susceptible to the last two options. >> is there a down side, eric, to cash? one of the reasons we want to show our viewers this is that apple gets all of the attention. google too. microsoft to a point. look at these companies. midsize companies, all this cash. is there a benefit or down side in some ways? >> there are some businesses where maybe you're in a very cyclical industry where having the strategic cash position makes sense because at the bottom of a cycle it gives you the flexibility to take advantage of opportunities that maybe your competitors don't have. but in the case that you're sitting on very large comment of cash earning returns on that cash close to zero

joining me now is peter sorrentino, craig hodges, and our own rick santelli. good to have you on the program. peter, your thoughts on this lawsuit. how significant is this for these companies? s&p and moody's? >> it is very significant. i think a lot of people have really let this slip out of their minds in terms of the ultimate kind of consequences for what took place several years ago. and it has to be atoned for. and this is going to way heavily. a loft of people have put this out of mind. do you own any of these stocks? what do you want to do with this kind of news on the out and the uncertainty? >> two of the things we never want to get in front of is a regular tear change in legal actions. if we did own them, we'd be out of them right now. this is the thing we don't want to take chances with. >> i see. where's everybody else on this in terms of this market reaction? i mean, craig, was this justified, you think? sharp declines on moody's and s&p. >> yeah. i don't know how justified, but the market being so strong, it's looking for an excuse to go down. th

hodge congress's hang seng fell nooem 2%. bad day on wall street. the federal reserve said wednesday it might scale back its bond-buying program, and that sent stocks tumbling. the dow plummeted 108 points, its biggest loss of the year. the nasdaq sank 49. boeing may have a plan to get their grounded dreamliner fleet back in the air. a company kpek will meet with federal regulators tomorrow and present the plan for the lithium ion batters from failing. they're looking into possible insider trading around the sale of heinz ketchup. the day before they bought it, an investor bought 350 stock options. the s.e.c. said they used a swiss-based account with goldman sachs. in one day the investment soared to $1.8 million. >>> the company made the announcement yesterday. analysts had expected the sale for years and will allow the times to focus on its core brand and expand its digital plat ffp. >>> and sony is betting its video gaming future on the play station 4. the company unveiled the new device yesterday, only they didn't actually show it or say how muc

derek hodge was changing a flat tire when a tractor-trailer drifted off the roadway and struck his car. a 17-year-old girl and a one- rowe girl were both ejected from the car upon impact. >> a state audit of one of a leading distance education universities reveals major financial problems and how the school recruited potential students. the financial review happen to a month before the president of university of maryland university college abruptly resigned. they said they possibly overpaid a contractor over a two-year. . the audit says school officials did not verify the leads. a spokesman says it was an excusable. we are told they no longer use that marketing technique. >> your schoolteacher say they are satisfied with their jobs these days, according to a recent national survey. only 39% said they were very satisfied with their job. more than half say they are working under stress at least three days a week. 61% said they work in schools where budgets have been cut. nearly all of those surveyed gave high marks to fellow educators. >> we are doing all we can do with what we have. mor

wants well hodge these people to take. for libya and the group which they admit is a terrorist group they want that to become the government of syria but what you're saying is something that happened in the one nine hundred eighty s. versus versus the al kind of today do you still believe that al qaeda has never he lacked the people involved in this or have been around them and take robert gates who was secretary of defense until the day before yesterday he was part of this operation in the pentagon today you still have somebody in the top five or six michael vickers in the department who actually participated in creating al qaida it's the cia arab legion but at the same time those who have been gone for over a year vickers i think is still there unless i'm going out and that it can happen at a gate well i was i was panetta gates of course but he was he's been there and he presided over the beginning of these these operations with libya and so forth but but take michael because anyway the other interesting point is with th

i said, mommy, help me. >> this is 11-year-old tyrec hodge.ed doors after it reached capacity. they planned for about 30,000 people but more than 200,000 showed up. >> we did not anticipate the size of that crowd. i don't think the police anticipated the size of that crowd. >> i understand you can't control a big crowd. i understand that. it should have been more security than regular people who work at m&t bank. >> he suffered some serious scrapes but doctors say he should make a full recovery. to avoid similar situations in the future ravens officials say they'll hold ticket only events so people know ahead of time if they can get in on not. >>> tomorrow on cbs the best in the music business will compete for the grammys. we're looking at what's in the running for album of the year. this morning we look at jack white. >> album of the year nominee. >> wonder lust by jack white. >> i think all jack white music should be called jack white. as soon as a guitar strum happens you go, oh, jack white. >> i think he finally just decided i've done ever

tfshgs yrec hodge and his mother were among several people trampled by large crowds. >>> here's a lookt today's exclusive first warning weather. 37 degrees today and tonight look for 22 degrees. that's our >>> wow, that's pretty cool. that's courtesy of nasa and that's what today's storm in the northeast looks like from the outer space. >> it shows what happens when a warm wet system moves into a wet one. a lot prettier up there than down here. >> a little slushier down here. welcome to "cbs this morning saturday." i'm rebecca jarvis. >> and i'm anthony mason. >> we want to get you to the top story this half hour. the blizzard burying the northeast. and our weather consultant david bernard has the latest. what's the latest? >> we have plenty of snow. it's not over yet, but we're seeing light at the end of the proverbial tunnel. let's take a look at the storm track. notice it's still calling for snow as we have it right now occurring mostly over northern new england but watch as we go throughout the day. the low is going to start pushing quickly out to the northeast. so even in places l

until one makes it to the end zone with a winner and an mvp along with a kitty half time show and head hodge cheerleaders. we talked about people calling in sick and there is a petition on the white house website asking for the day after the super bowl be declared a national holiday. >> good hung -- luck with that. mike? >> maybe they can move it back to saturday? so people can have sunday to recover. >> we need a day to recover here. >> too bad. a great ride, though, for many disappointing national championship games you have to enjoy the ride. it is a learning expense. here we go, mostly cloudy this morning up to 47, and near normal this afternoon, 57 to 63. this evening is 47 to 52 degrees and delightful. today, mid-60's through the central valley, 50 at tahoe and 57 at yosemite, clouds in san diego and 64 but mid-to-upper 70's for palm spring and los angeles. >> debris, metal sheet, eastbound 580 to the rank to fruitvale. southbound 680 at scott creek road reports of an accident on the on-ramp at fremont. and north 87, at 101, the center divide, tow truck on the scene and a new stall eas

. >> they brought up sami al hodge was held for seven years in guantanamo, never convicted of anything was a very chilling moment in the trial. the lead attorney also told the three judges that i as a plaintiff as the lead plaintiff had nothing to worry about as long as i didn't start driving black vans for people we don't like. for me, this was again a kind of window into how that term is interpreted many different ways, and what i consider as a former foreign correspondent for the new york times to be independent journalism may not be what the government considers independent journalism especially as i did when i was in the middle east and spent time with members of groups like hamas or al-qaeda. there are a series of terms, you know, those that can be picked up covered persons are those who substantially support. that's not a legal term, not material support. al-qaeda, the taliban or again an undefined term, associated forces. so there are many disturbing characteristics of section 1021 of the nbaa, which is why judge catherine forest declared it unconstitutional. >> chris stay with

cbs news reporter louisa hodge has more from big bear. >> reporter: life in the town of big bear is returning to normal. packed restaurants, busy slopes, tourists and traffic. >> it was really nice to know that it's done and we can come up and hang and not feel threatened. >> we actually were going to come last weekend of the then we saw how dorner was up here so we came this weekend instead. >> reporter: while a feeling of safety returned to this mountain community, the week's events are still on the minds of many. a steady stream of people stopped to take a look at the burned down cabin where officials say christopher dorner took his life. after that gun battle that led to the death of one san bernardino sheriff's deputy and injured another. >> kind of curious, see wrg it all happened. >> reporter: jeanine and richard alvarado stopped by to take a look at the condo where police say christopher dorner was hiding out for days. while vacationers here building snowmen and skiing on the nearby slopes, christopher dorner, police believe, was hiding out armed and ready. >> it's amazing how close i

witnesses say a gunman came on board the bus demanding hodges and shot the driver when the school bus driver tried to confront the gunman. charles poland jr. that school bus driver died from those gunshot wounds. a funeral service is scheduled for 2 p.m. sunday at the ozark civic center the large venue needed to accommodate what is expected to be a very large crowd. friends say mr. poland was well loved not only by his student passengers but also his fellow school bus drivers and heather those school bus drivers plan to drive a caravan of school buses to the funeral to honor their fallen co-worker. back to you. >> mr. poland certainly a hero. thank you jonathan. we appreciate it. >>> and another fox news alert. turnish police now confirming that a new york city woman missing has been found dead in turkey. 33-year-old woman was reportedly missing nearly two weeks ago while vacationing there. her family said she failed to check in for a flight home to the u.s. today police say her body was found in istanbul. nine people have been taken into custody for questioning in connection with her

. >> in a word i heard the speech, and it came across as a hodge podge of little ideas. >> this yearenator marco rubio will deliver the republican response, while rubio was once the standard bearer for the tea party, the group is still opting for its own rival rebuttal from the man who said this after the past election. >> there is one compromise i would be in favor of, and that's that all spending should be cut. >> joining the panel now to discuss is msnbc contributor ari melber and jake sherman. jake, what are the optics here? ran paul on cnn said to me i see it as an extra response, but it doesn't really project party unity to have different responses to the president. >> i think if john boehner and mitch mcconnell had their choice here, they would have one person going forward with the response. you know ran paul is not likely to give his remarks over to the party of the vetted. he is not coordinating with them on message. this is where the party is right now. the party has two different factions, and as much as they want to say they're together and they have they're together on

we have quint tetro, craig hodges and kirsten francis.rry, normally, it's ladies first on cnbc, but what's on your radar? >> thank you, mandy. we don't see much of a surprise in jobless claims. we will be watching the housing numbers, existing home sales tomorrow. we think they're going to be soft. and we think they're going to further stymie this belief that housing is in this full-blown recovery. we don't see it. we think that's a false sense of security, a dead cap bounce, if you will. we're looking for more selling, we've been advising clients to sell into this rally. i think the

. >> well, at the hodges funds, we're going to be focused on the final stretch of earnings season.'t get caught up in the political noise surrounding sequestrati sequestration. tomorrow morning, we're going to listen to the conference calls from copart's, chico's. after the close tomorrow, we'll have earnings out of copano energy and omnivision. they represent a good cross-section of what's going on in the real economy. >> all right, leave it there. gentlemen, thank you so much. a lot of important things to watch for tomorrow and very important on the heels of 175-point rally. see you soon, gentlemen. thank you. >>> up next, buy on the dip? i think that theory was proven this week yet again. that's next. stay with us. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free t

>> oh, in the hodges funds we have several of our portfolio companies that will be reporting tomorrow. trinity industries reported this afternoon, should have a conference call in the morning. same with encore wire, look for further growth in both those companies. endskro reporting and look for reports from our deepwater drillers there and then lynn energy will have a conference call and an earnings report, a negative article in barron's will make that an interesting company to hear from. >> almost exactly time. what about you, kirsten? what are you watching? >> thanks, mandy. we're watching walmart earnings. report says the company had their weakest start to a february in seven years, could indicate pressure in that consumer, could have negative implications for the dollar store group. in edition, watching fifth and pacific. the company did preannounce their earnings, but we are expecting positive commentary about the new kate spade saturday brand. and trends out of the project show in vegas this weekend kate that blue denim is back, should bode well for their lucky brand jeans. >> a

scott hodge is joining us now. which state should he be looking at as an example or guide?the first place to look is louisiana where governor bobby jindal is about to introduce a very bold plan. we are also looking at nebraska where the governor there. connell: we have done the story a couple times, at least broadly. we will see a test of conservative versus liberal technologies over the next couple years. they have to balance their budgets. income taxes -- we will see which, essentially, we will see which tax hikes. >> while you are cutting rates on one hand, you are increasing on the other hand so the government comes out even. minnesota where the governor is proposing a $3 million income tax, it would go up almost to 10%. we are also seeing a proposed income tax there. those are straight up tax increases in order to balance the budget. connell: apples to apples, all because of the state requirements. >> when we are looking at the federal level, any people want to do tax reform in a revenue neutral way. you want to provide the government the same amount of money, but it d

speaker, i rise today to share a story from gene hodges of boulder, colorado, about why we need to improve our immigration system. gene writes that both sides of her family emigrated in the 1800's from ireland, scotland and weals. moved to ho -- and wales. moved to ohio. jean does write that she understands the privilege of being a u.s. citizen and all it provides, for all of us to find a path to equality and whatever our pursuit of happiness may be. jean, like so many coloradans, like so many americans, says i wish that for all immigrants. jean understands the reasons that her forbearers might have left everyone and everything they knew to come to this colorado. i know jean and the way she's given back to our community as a school teacher, as a leader for equality, her work to support parents of lgbt kids has been of tremendous value to our country and value that they provide through their public service, through their efforts as teachers, as firefighters, as policemen, as lawyers, as doctors and successful business people will lead tower country to a more plus plus and bright future. mr.

. >> the fiscal outlook, which the army faces in fiscal year threen and to my hodge -- 2013 and to my knowledge is dire and unprecedented. by the budget control act of 2011, the combination of the continuing resolution, a shortfall -- excuse me -- the -- a shortfall in overseas contingency operation funds for afghanistan and the sequester in fiscal year 2013 has resulted in a $17 billion to $18 billion shortfall to the army's operation and maintenance accounts. as well as an additional $6 billion cut to other programs. all of this will come in the remaining seven months of this year. the fiscal year 2013 fiscal situation will have grave and immediate readiness impacts by all forces not serving in afghanistan or forward in korea. impacks which will have a significant impact well into fiscal year 2014 and beyond. just a few of the actions we will be forced to take are, for example, we will curtail training for 80% of the ground forces. this will impact our unit's basic war fighting skills and will have shortfalls in aviation, intelligence, engineering and even our ability to recruit sol