there's no case, so there's no reason for jeffery thompson to testify. washington post yesterday had a story about the credibility of jeffery thompson if the the prosecutor were going to put him on the stand, that it might not hold. >> let me ask you this: do youi we think that this document released will affect the mayors current campaign for city council. >> reporter: that's what at wil' have people have been saying. we are talking about itve tonig. wewe got a long time to the election. it's hot, it's alexander told me she thinks she can win this.s. the mayor is very popular inward seven where he represented thosp people for quite some time. q >> thank youui matt. m >> reporter: no problem. >>> there was annoy see protest inside the us capital democracyc spring zip-tied themselves to the rotunda. police arrested 15 demonstrators.de they then moved to the west lawn of the capital where hundreds or people gathered. protesterss have been holding demonstrations all week each day focussing cussing on a differene issue. today the focus was on youth and stude

jeffery is going to join us shortly, we'll be back after these messages. l alive"♪ ♪jake reese, "dayr long day as anne. hair stylist starts with shoulder pain when... hey joanne, want to trade the all day relief of 2 aleve with 6 tylenol? give up my 2 aleve for 6 tylenol? no thanks. for me... it's aleve. i have an orc-o-gram we for an "owen."e. that's me. ♪ you should hire stacy drew. ♪ ♪ she wants to change the world with you. ♪ ♪ she can program jet engines to talk and such. ♪ ♪ her biggest weakness is she cares too much. ♪ thank you. my friend really wants a job at ge. mine too. ♪ i'm a wise elf from a far off shire. ♪ and sanjay patel is who you should hire. ♪ thank you. seriously though, stacy went to a great school and she's really loyal. you should give her a shot. sanjay's a team player and uh... >>> welcome back, we are going to talk about pennsylvania republicans, the unbound republicans. pennsylvania republicans party, voters are sending 71 delegates. 54 is unprecedented. the only state in the party does it this way are considered unbound there and free agents which mean t

remember jeffery thompson who admitted wrongdoing said the mayor knew about the wrongdoingo the reason the u.s. attorney didn't use him as a witness in the case, this is what they are alleging against the mayor is because of credibility issues regarding some of the ages of thompson's sexual partners by the way, they thought itt wouldn't stand up, at least that's wallets being writtenle that it wouldn't stand up in court. it never made it to court.ou keep in mind no charges have been filed at this point against mayor gray.hi he has said so many times he h didn't do anything wrong >> the question did you hear from gray today? >> reporter: we called grayr: today. we called his campaign manager and we did get a response gray didn't want to go on television and talk about this today but we got a response i'm going to read it. this is from the spokes concern investigation ended after year without any suggestion of wrongdoing by gracious if un gra answered questions remain they that are not about vince rathert why did the former u.s. attornet give a sweetheart deal to a, a this is their word,

and now, the energy calls, jefferies is downgrading conocophillips and the call to sell.ou are both long calls, so you are positive on the direction of this stock? >> yeah, yeah. we have had a decent run on this thing, because when you go back to when they cut the dividends at # 6% cut of the dividend february 5th, you look at this stock -- 66% cut of the dividend, and you look at the others that didn't do that, chevron and exxon, and you look at the outperformance and it is not close, because it was the bay of play there. and one of the issues they have is debt, but holy moeksmokes di look at chevron or exxon debt? ta have debt, too, but, it is a nonissue, but a huge move from 26 in oil up to $40 a barrel in oil. can it continue? that is what we don't -- >> well, they say no. the valuation is high, and it is time to look at the value over these kinds of stocks which have had a lot of momentum, and the kind of gains that you are talking about. >> and it all depends in my opinion what is your guts telling you about where oil is going. if oil is going higher and oil is brea

jeffery is an educator, social activist, and the founder of the harlem children's zone which he started in 1990. the harlem children's zone was designed to try to help children young people in harlem to get to college, graduate, and get good jobs. it is an innovative, comprehensive, and intriguing approach. it seems to be successful. and i don't mean to be depp kating. just it takes a while to evaluate some of these programs. and we do know that many people think this is a model for things we should be doing elsewhere. our president thinks that having put in the budget some proposals and some programs that are actually trying to lep kate what's been done in the harlem children's zone. so the connection between the two of them is twofold. ey both graduated from boden college. the other connection is plfment trucken miller has helped raise the money and jeffery has provided the zeal, inspiration and leadership to make it the success that it has become. so with that, let me turn -- and remember the note cards. don't forget the note cards. i want to turn to stan who has a presentation to so

that was jefferies chief market strategist. scarlet: he was asked about the failed oil output talks in doha. i definitely think the fundamentals matter more than the deal in doha. how do you think about the overall dollar policy impacting your view on oil in the sense that if we are to see a weaker dollar and a federal reserve that stays pat for a while, does that affect both the demand side and the supply side on the oil because you could make an argument that it could really be quite good for the demand side especially coming out of emerging markets. it could lead to global harder toseeing it see the development costs being lower as they saw the last several months. costs saw development fall by about 20%. could that reversed -- if that result ofverse as a dollar weakening it could essentially lead to even higher cost of production going forward. >> what kind of weakening would we have to be talking about? it would need to be a sincere weakening. >> it also comes back to the issue of what is driving what. isn't oil driving th

you are bound to have a good time just like my guy jeffery back there, thumbs up, you want to visit i fly in king of prussia a visit cbs philly.com. back to you guys. >> thanks, vittoria. >>> thanks for watching "eyewitness news" at 6:00 we are back here at ten on the cw philly and then at 11:00 right back here. >>> coming up, why u.s. is spending more special forces >> pelley: cruz and kasich gang up on trump and a political food fight breaks out. >> i have never seen a human being eat in such a disgusting fashion. >> pelley: also tonight, the president tells charlie rose why america must send more troops to syria. >> being able to distinguish between those who we can work with and those we can't, all that's really important. >> pelley: a federal court rules against the patriots' tom brady. and art imitates life in an all-female broadway play about women in war. >> we didn't know we were going to be making history. >> no. no, no. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> pelley: the end donald trump lashed out at ted cruz and john kasich over ev

, citibank and deutsche bank and that disastrous quarter that included january and february from jefferiesw that volumes are bad, capital markets activity is bad, regulation is a real thing right now, we know that leverage is down. so you know, it's not that investors are particularly excited about bank stocks, which makes it kind of a difficult trade when you're thinking about it, and then you throw in the context of the federal reserve and what is the rate policy, because one of the biggest issues for the banks right now is that net interest margins, and they really need to see that yield curve do something other than it's done, which is lag. >> it's not just banks, it's asset managers. >> right. >> it's credit card companies. it's anything in that space. and while reits have done well, which are a part of the general sector, those will be broken out next year so we'll have 11 sectors, but the banks are terrible, they're worse in europe, terrible in japan. hsbc, new shocking lows, bad space, and i would be short with you. >> to the point, though, if we do see a potential bump-up in the p

let's get more with richard jefferies. reallywe gave you nice chart looking at inflation and linking it to central banks. i you nervous inflation will pick quicker, because of the price of oil? and central banks are going to be on the run for it. corerd: i think inflation is picking up. and what we are not getting is the second round effects through nergy prices. everybody who has been using energy gets those cheaps costs coming from a pass those on. core rates have been picking up. it is evident in the united states that the core rate of inflation is at or above where the fed expected it to be at the end of the year. i worry about central banks because they have lost the initiative. francine: to normalize? started they should've normalizing early. their opportunities last year or perhaps even earlier -- francine: janet yellen said she wanted to normalize. she was itching to normalize last september. she must be looking either at a picture that is ugly in terms of world growth or she must be feeling a lot of pressure from

pepper jefferies telling bloomberg radio earlier that the apple earnings could be hit by 15% by the inversionis after treasury yesterday said it would be targeting when multinational companies try to reduce the u.s. profits on various financial dealings. despite what he is calling threat, apple remains his top pick and is more than 50% upside potential to his $172 raise target, mark. mark: and tesla is already having a volatile morning. what is going on. abigail: it is indeed, market is at the down as much as 2% earlier, slightly higher moments ago, now down slightly. this after a big two-day rally after the loss of the model three. what is causing the volatility today is the fact that the company said first-quarter vehicle shipments missed the 16,000 the local unit forecast by 7.4%. however, they did reaffirm the full-year view of 80,000 vehicles, at least 80,000 vehicles. isthis, credit suisse rushing an aside, saying it has to do with component tortoises. -- component shortages. he says there is a strong model s order to man and spectacular interest in the model three. mark? mark: abigail,

. >> jeffery gold burg interviewed barack obama on his foreign policy tried to explain the president's approach. >> therefore we have to send 50 cruz missiles to deal with that problem. what he wants to do he says is break washington of the habit that they come with potential military solution. >> it was clear he had a new take but the question remained what would president obama actually do? he was against the war in iraq, but his military people warned against a hasty with trawdrawaw. >> it was important we try to maintain a military presence there in order to make sure that the gains that had been achieved with a lot of blood by the united states as well as iraqis that those gains could be maintained. >> leon pinetta was president obama's secretary of defense from 2011 to 2013. >> that's why the pentagon supported maintaining a presence. >> the key to preserving an american military presence in iraq was to negotiate a stay behind force. the president would have to take the lead. >> the only chance we would have had for an agreement would have been his intensive involvement personall

interesting call from david service of jefferies. he also has this view the currency war has come to an end. if the ecb and boj are going to focus more on balance sheet-led credit easing and less on "zero-sum-style risk-free real right easing," while other central u.s. is going to hold off on strengthening the dollar by running a hot economy, the emerging market is a much more stable place. do you agree that if there is detente -- david: that is what i just said in english. [laughter] somewas read to me was kind of economic or gobbledygook, but in english, that is what is going on -- joe: do you agree that em is the beneficiary -- david: absolutely. of course could this is a purple patch for emerging markets. large from some of these companies and 10% yields in some countries. every time you go to sleep and then you wake up and the page view. -- page you. talk about that he spoke about volatility --you spoke about volatility could the markets are stabilizing. great for emerging markets. we are so worried about china anymore. now to a

and the comments from jeffery o'brien come as their uc berkeley hired an investigator to look into allegations by a former female member of the rowing team, and she said she was sexually assaulted by a teammate. this following similar scandals about the assistant asked bok coach and men's diving coach. >>> in the police need your help to find the driver of the deadly hit-and-run that happened late saturday night on fremont boulevard and thornton avenue. the 52-year-old woman was walking along the street and was hit and killed by g. they're looking for a like cutter to door jeep wrangler with the blacktop, lift and large tires. vehicle has damage to the front passenger side fender. anyone with information could call the fremont police. >>> a new development in the race for the white house, and the campaign for senator ted cruz and governor john kasich will be teaming up to defeat donald trump. and we are live in washington with more on this.>> reporter: the republican primary is no longer every man for himself. it is now officially two on one as the ted cruz and john kasich campaign took the ex

he is a senior research analyst at jefferies.back and i look at the dividend and i wonder, despite what is happening with trading and everything else, how sustainable is that dividend? >> the company is making strides in terms of cost reductions. company has ahe stated goal of 50-50 548 outlets cash cycle including being able to pay their dividends. if they can get there, we feel oil prices can be of above $50 next year. given the fundamentals. hans: you don't see the dividend in threat at all. bp wille above $50, continue to pay that dividend. >> the market does see some potential problems with the dividend. i am not that sanguine about it. but i do think the company has made some big strides to get to a balance cash cycle. we expect oil prices to be of above 50 year. the market is worried about the dividend and that is why the stock is underperforming. why do i want to own bp when i can own shell? >> we do have a preference for shell over bp. the dividend yield differential is not that great and we do see more scope for shell t

eagles owner jeffery laurie said ed was a visionary and pie mere who did tree end us things for the city and sport of the hockey. what he is driven by winning and his passion for the sport, was genuine. sixers managing general partner josh harris said, ed continuingly poured his heart in making the difference in the lives of those around him and stopped at nothing to make city of philadelphia a better place for everyone, phillies charity man dave montgomery explained how ed was able to connect with the people of philadelphia. >> he came from washington and he came with a passion for sports in philadelphians to identify with. he came with a passion to win and that clearly is something, identify with. >> passion to win. i love that. >> our coverage continues at 6:00. we will hear from one of the ed snider's closest friend and confidents, lou shinefield who opened the spectrum shares story about mr. snider's sports legacy and what snider called his most treasured accomplishment his youth hockey foundation. we are live at cobbs creek ice rink as inner city children skate in memory of the phi

. >>> fill will a eagles chairman and ceo jeffery lurie reacting to the loss of ed snider. ed was a true visionary and a pioneer who did tremendous things for our city and for the sport of hockey. and in the statement, philadelphia mayor jim kenney said in part, ed snider was a good friend, a kind hearted man an a first clasp mensch. i will miss him and aim sure thousands will miss a man who change the landscape of the philadelphia region. >>> our fox 29 viewers have been leaving condolence suggest. you can do so as well by heading to fox 29.com or head to our twitter and facebook pages. >>> concerns over privacy and video/audio surveillance systems being installed in new jersey transit trains. steve keeley joins with us live from palmyra with more on this story, hi there steve. >> reporter: you have the right to remain silent and you may want to exercise that right if you ride new jersey transit river line trains. as you can see to the left there are lots of cameras watching your every move both here at the train stops and station but as we go back to our shot, look at thi

the team tweeting out the a statement from eagles chairman and ceo jeffery lurie. ed was a visionary and pioneer who did tremendous things for our city and sport of hockey. in a statement, philadelphia mayor jim kenney said ed snider was a good friend, kind hearted man and first class mensch. i will miss him and i'm sure thousands will miss a man who changed the landscape of the philadelphia region. >>> authorities in southern new jersey warning about a couple crooks posing as workers with the the gas company police in franklin township released a sketch of one of those imposter a eight three-year old woman found two strange men inside her home april 1st around 1:30 in the afternoon. she ordered them out but first they took some of her jewelry. >> fellows from the gas company there to shut off the electric. >> it is scary that even an eight three-year old lady cannot be safe in her own home. >> on the same day similar burglary by statute tilt workers was reported in vineland. investigators do not the know if the two crimes are connected. >>> valuables left in plane

and then we are going to turn to a discussion with jeffery and then open to your questions. there should be cards out there that you can get. i think there will be people circulating with cards. and collecting cards. those will be brought up to me and i will choose questions from them to ask our guests. so stanley founded due cain capital in 1981 and closed it i think around 2010 but during that time did very well and had a storied career on wall street for his successes with his organization. he also at one time worked with george soros and helped him amass a substantial amount of wealth as well. he is the guy that know as lot about finance and part of what we're going to be talking about is finance budgets and issues of the future. part of what investing about is thinking about the future what is going to happen in the future. and so he is concerned deeply and profoundly about the future of young people in america and

a professor, jefferies. isn't it something that has nothing to do with poverty and despair? mr. brown: because they exploit it. continueconditions with no hope, you are always going to be finding people who emerge to press the hot button. that is exactly what happens. what i'm saying is the answer to the rise of anti-semitism, the rise of hate crimes, homophobic kinds of attacks is to create a , stability based on opportunity that we do not have available to all americans. >> has your potential vice president, jesse jackson, told you he regrets his involvement with louis farrakhan? mr. brown: his comments he said about new york city that he said yesterday. >> i'm talking about in the past. mr. brown: he does not have an alliance as far as i know. i totally reject mr. farrakhan and anything like that and i honestly believe if my campaign offers the opportunity to make the shift to domestic revitalization that in its absence will not occur and the erosion will continue. i do not see anything in clinton or bush that acknowledges the depth of despair. that is what people have to get

jeffery and ajohn favreau and a greenhouse taking over times square.on favreau jon favreau a ashley greenhouseimes square. jon favreau himself, the man behind so many of our favorite s here live this morning. he is reimaging "the jungle book." we'll talk to them. >> i like how him saying good morning, america made you musical.ly including ariana grande, keke palmer, vanessa hudgensen, my daughters, lara's daughter. george's daughters. we've all been dealing with in our house. >> we have some excitement at home just the fact that we're doing this. >> you would think it was like the president coming to visit in our house and ginger zee giving it a go singing justin bieber's "sorry" and one of the biggest stars of musical.ly, i actually think she might be the biggest. her name is baby ariel and has 7 million followers. some of them may be your kids. they're definitely ours and we'll talk to her live. >> first amy with the morning rundown. >> the big story this morning a resounding victory in wisconsin for ted cruz. pushing the republican party closer to that contested convention. cruz calls his w

the team tweeting out a statement from eagles chairman and ceo, jeffery lurie, and it read in part ed was a true visionary and a pioneer who did tremendous things for our city. and for the sport of hockey. >> and in a statement philadelphia mayor jim kenney says in part ed snider was a good friend, kind hearted man, a and a first class mensch. i will miss him and i'm's sure thousands will miss a man who changed the landscape of the philadelphia region. also at the phillies game yesterday they had a moment of silence before the home opener to honor ed snider as well. >> yes, i remember when ed was on our show he would drop by every now and then, and he was, he wanted to talk about one of his favorite moments since bringing the nhl hockey team in philadelphia all the way back in 1967. >> of course, you know, i have got many favorite moments but nothing tops winning the stanley cup in 74, the first cup. it was a phenomenal accomplishment, and 2 million people came out to the parade, and the whole, everybody in the city was celebrating. it is something i will never forget. you have been a

the pepper jefferies positive note saying netflix is still the one to beat in the video streaming businesstflix,en viewers use dominating other services like amazon and hulu. retail sales numbers will be coming out in just over one hour from now. increased by .4% after declines in both january and february. these data could give some guidance before the federal reserve meeting at the end of april. tell us how important these consumer numbers are for the fomc. any particular months retail sales number may not be that important. consumer spending in general is huge because consumer spending in total, which includes services, is about 70% of gdp. for the last six months, we've generated 246,000 new payroll jobs in this country on average and some increase in wage rates. the consumer is in good shape. buyerition to spend, a of cars, we know that. will be moving directionally beyond cars and outlook for consumer spending is pretty good. not a big number. vonnie: we are at the peak of car sales as well. does the consumer stop saving? howard: the consumer has been saving a lot. as the labor parti

us is david, the chief market strategist at jefferies. commodities research at barclays. looking forward to a conversation with michael. let's get a quick data check. equity at futures down about .4%. crude oil down four and a quarter percent. rail, it isn weakening, 3.59, below the 360 mark there. the yen is showing a little bit of strength again today. speculators are piling in. the german government bond, the 10 year yield, 15 basis points. the 10 year spread there is widening out at 65 basis points. time to see where stocks have opened for trading. trading right across the board, the concern is that oils and stocks have been tightly -- tightly correlated. even a reduction in production out of opec, first, you have not been reading the news, second, you'd be disappointed. let's look at the s&p movers here as far as industry groups. only consumer discretionary stocks are moving higher and they are only moving .02% higher. not really a move at all. leaving the losses. you have got financials down as well. i say that because morgan stanle

and jeffery, is out with a new book called "let the people rule. " but first "newsmakers" this week is robert mcdonald. the program airs in its entirety at 10:00 eastern time. here's a portion. >> we're all about satisfaction. this wait time thing has kind of over-- taken over control of really what should be the real measure. now in terms of wait times, we believe the data that we're using is good data. we believe that wait times generally are on average three to six days depending upon the specialty that you want at which location. but we've admitted two things. number one, if you go to the ents of the bell curve, you're going to have people getting same day access, almost 20% getting same day access. on the other end you'll have some people waiting much too long. and those are the locations, the specialties that we've got to fix and with the here in the community program that we've put forward, it's a huge opportunity to fix those. that's why we're working that with congress. but i think ultimately the measure of satisfaction is really what's important. and do veterans trust the v.a

he is claiming that he is a police officer and uses a name edward, or jeffery johnson.e you are getting a call from an sfpd line. now fur contacted, call the police and tell them what has been going on. and if you get texts or messages, make sure that you say them. >>> a glitch on bart sent riders down the tracks. a passenger thought something might be wrong because the trains were not going to the right places. and then the train stopped between 18th and 14th streets in oakland. and that is when a bart worker explained that they were ride orange the wrong tracks. >> everyone was glad to get off of that train. we were just like physically, people busted a move to get off of that train and get out. >> after about 15 minutes, she says that the train was back on track and head today free monday. bart is not saying what caused the problem exactly. >>> and there could be more details today in the east bay, bart crews are working on the tracks between stations and there has been no service at the stations all weekend. but bart is offering a bus bridge between the two. riders