jeffries. they have been a great dynamic duo and they have done outstanding work with these special order hours. in his absence, i want to let him know we still greatly appreciate him and miss him. mr. speaker, i had a john carlos moment. for edification purposes, john carlos was the athlete at the 1968 olympics who went to the podium along with tommy smith and raised his hand in what was called at that time a black power salute. at that time, much was said about john carlos and tommy smith, many people criticized them for taking the podium and for making this gesture. they were said to be outside of the mainstream. but i believe that history has vindicated them. because they were a part of the avant-garde. they actually were cause manage people to understand that the black -- causing many people to understand that the black power movement at that time was much bigger than many thought. i had a john carlos moment because i saw this clip where the rams players came into the arena, hands up, don'

jeffries. they have been a great dynamic duo and they have done outstanding work with these special order hours. in his absence, i want to let him know we still greatly appreciate him and miss him. mr. speaker, i had a john carlos moment. for edification purposes, john carlos was the athlete at the 1968 olympics who went to the podium along with tommy smith and raised his hand in what was called at that time a black power salute. at that time, much was said about john carlos and tommy smith, many people criticized them for taking the podium and for making this gesture. they were said to be outside of the mainstream. but i believe that history has vindicated them. because they were a part of the avant-garde. they actually were cause manage people to understand that the black -- causing many people to understand that the black power movement at that time was much bigger than many thought. i had a john carlos moment because i saw this clip where the rams players came into the arena, hands up, don'

jeffries for his leadership. i want to thank the c.b.c., the conscience of the congress, for holding this timely special order. to all americans who are disturbed by the demonstrations that are taking place across this nation, i want you to remember these four words. no justice, no peace. and i yield back. mr. jeffries: thank you, congresswoman clarke. mr. speaker, the man in brooklyn did not deserve to die. tamir rice in cleveland did not deserve to die. michael brown in ferguson did not deserve to die. the congressional black caucus is determined to make sure that these and many other deaths at the hands of law enforcement resulting from the use of excessive force will not be in vain. it's now my honor and my privilege to yield to one of the mighty voices of the hip-hop generation here in the united states, who powerfully represents his midwestern district, the distinguished gentleman from the great state of indiana, congressman andre carson. mr. carson: thank you very much. i have to acknowledge my colleague,

jeffries. they have been a great dynamic duo and they have done outstanding work with these special order hours. in his absence, i want to let him know we still greatly appreciate him and miss him. mr. speaker, i had a john carlos moment. for edification purposes, john carlos was the athlete at the 1968 olympics who went to the podium along with tommy smith and raised his hand in what was called at that time a black power salute. at that time, much was said about john carlos and tommy smith, many people criticized them for taking the podium and for making this gesture. they were said to be outside of the mainstream. but i believe that history has vindicated them. because they were a part of the avant-garde. they actually were cause manage people to understand that the black -- causing many people to understand that the black power movement at that time was much bigger than many thought. i had a john carlos moment because i saw this clip where the rams players came into the arena, hands up, don'

. >> michael jeffries is stepping down.s place immediately, with effect immediately, and share prices are rallying as a result. abercrombie & fitch shares up 7.7% on the news. arthur martinez will be the interim ceo as the company looks for a new replacement for michael jeffries. fitch -- in the early part he did well with the company. as time on he also recorded a lot of controversy. three separate class-action discrimination lawsuits that were settled on concerns that the company fit a certain image that excluded anyone who wasn't white. you had other issues regarding the fact that he had not responded well to the advent of fast fashion -- forever 21, h&m. the company is struggling a little bit to find its target audience as teenagers have ditched abercrombie & fitch and american eagle and sales dropped off as a result. the share prices up by 8.2% in the premarket. >> much more ahead. hackers disrupting the advertising world. why companies feel like they are being robbed. ♪ >> $6.3 billion is how much computer hacking cos

we were just talking about mike jeffries stepping down today. >> that's right.result of him stepping down, a nice package as a result of his removal there as the ceo. according to a regulatory filing, abercrombie & fitch says they're going to pay him $5.5 million worth of cash and benefits. this is being tied to getting terminated without cause for the company. and this is all part of the outgoing ceo's pay as part of his retirement pack with the company. so they will pay their former ceo mike jeffries, again, this $5.5 million payment. that's cash and benefits associated with his removal as ceo without cause. and it's all part of his retirement pack with the company. >> thanks very much. karen, $5.5 million. >> it's not that much, actually. >> really? >> no, i don't think it's that much. the interesting part to me, without cause. cause might be something like, you know, not reporting your travel expenses correctly. cause does not mean you've done a terrible job for the quarter. >> well, look, the company has faced -- we're talking about some legal issues with m

abercrombie & fitch ceo mike jeffries is out.ain, which clearly lost its relevance with teens. been pointingve out, the stock is trading higher. investors looking for something better without my jeffrey -- mike jeffries? isthey do not know what it going to be though. they pushed him out without a replacement. they have only now engaged the services of a firm to find his replacement. announcing his retirement, but the pieces have been in place for him to depart the company for some time. activist fund has pushed the board to make these changes. they had two new brand presidents of hollister and abercrombie. there are all of these changes in advance of his departure. all that was left was for him to actually leave. there are a number of curious hengs about the way in which is leaving. first, the timing of his departure. i mean, christmas is around the corner. christmas is the biggest time of the year for these guys will stop you have to ask, why would it not be done after the season? >> i might suggest that their christmas strategy

in his perversion of the law and his misuse of his power, taney equaled the infamous judge jeffries,uote, in his worst moods, in his worst days, unquote. moreover, the author contended, "in the character and dimension of his crime against humanity, taney exceeded jeffries. as a jurist, or more strictly speaking as a judge, in which character he will be most remembered, he was next to pontius pilate, perhaps the worst that ever occupied the sea of judgment among men." the evolution in the response from the republican republicans was cleared from being hooted down the page of history to being condemned to hell for the decision, to being worse than the worst judge in the history of the english-speaking world, to being next to pontius pilate, the worst to ever occupy the seat of judgment among men. the rush of union victory and the triumph of emancipation made taney appear by comparison to be on the wrong side of history, to be an abuser of power, and even a force for evil. so what does this say about america at the end of 1864 and the early 1865? i think it tells us three things. first,

jeffries: hands up, don't shoot. it's a rallying cry of people all across america who are fed .p with police violence in community after community after community. fed up with police violence in rguson in brooklyn, in cleveland, in oakland, in cities and counties and rural communities all across america. and so tonight, the c.b.c. will stand on the floor of the house of representatives and for the next of minutes speak on the -- for the next 60 minutes, speak on the top exof black in america. what does ferguson say about where we are and where we need to go? people are fed up all across america because of the injustice involved in continuing to see young, unarmed african-american of a lled as a result gunshot fired by a law enforcement officer. people in america are fed up with a broken criminal justice totem that continues to fail deliver accountability when law enforcement officers engage in the excessive use of police force. people are fed up with prosecutors who don't take seriously their obligation to deliver ju

our guest on the way to the "washington journal," hakim -- hakeem- newhauser jeffries. and later in the program, sean duffy, republican of wisconsin, also on the budget committee. we will talk to him as well. more of your calls coming up as "washington journal" continues. ♪ >> the c-span cities tour takes tv and american history tv on the road, traveling to cities to learn about their city and literary life. this time, we travel to waco, texas. >> as we began to receive the vinyl to be digitized, to be saved, we began turning over the b side of the 45s we received. first of all, gospel music was not widely heard in the white community, and what was would only be the hits, if that. but the b side would be heard even less. what we discovered was how many of the b sides were directly related to the civil rights movement. there are very few databases, and none of them complete on gospel music. we did not know the sheer number of songs that had songs like "there ain't no segregation in heaven" type songs. possessing one of those songs, much less singing it, would have been a

terry jeffries worked on buchanan's campaign. i never would have believed that could happen. we can hardly be more opposite, politically. and i'm not alone. she says that weekend and is a wonderful man to know. he is reasonable. i think the rest of the country that side ick up on of washington. but you get more money, better tv ratings, better radio ratings if you are more combative and act like we are war with these people, blah blah. ost: the next call is greg in new jersey. caller: hi. i want to talk to about -- hello? host: we're listening, go ahead, please. caller: they fought against themselves because they just stand that you cannot take it from people who make money and give it to people who don't make enough money. your comment to 75%, it is -- getting benefits from the government totally out of -- the people who didn't go to are, frankly, perhaps and able to go to college get a job and make a decision income. that is why people are against self interest. you cannot just give people benefits. type of economic collapse. it will continue on that path. thank you. guest:

mom and just the maefrnz or teachers that have guided me and really my moral incumbrance jerry any jeffries who has been here the longest i want to thank him and all of you but the soak person is sandy and we didn't know each other before i got on the board but we worked on doing the same kind of thinking of advocacy to voices that have not been heard to the policy component and i'm grateful i'm grateful that you didn't know me and somebody told you about me we spoke and low and behold we've done wonderful things together we'll continue to do wonderful things together i think mark sanchez and eric mar were on the board they were guide and mentors i appreciate all of you and all in the world that transcribed thank you for allowing me to do this work it's been an incredible life journal i'm continue to cherish my granddaughter be four i'm glad to be on the odds hammering the board to do more for our kids by the way we get it and i'm grateful you all are kind of enough to allow me to have a few moments ago ever your meeting bay this is our meeting this is a different look at how we act and beh

we're back with democratic congressman hakeem jeffries. congressman, you represent parts of brooklyn. you have confidence in this new grand jury investigation? >> i do think that the brooklyn district attorney has a history during his short time in office as a local prosecutor but also in his prior time as a federal prosecutor, being willing to allow the law and the facts to lead him to a conclusion that is most appropriate. that's why i'm pleased that he's agreed to pursue bringing the case to the grand jury and hopeful that we will see an aggressive presentation of information and possibly an indictment so that we can have a trial. this was a tragic case, wolf. it occurred in my district. akai gurley, 28-year-old young man, who was leaving an apartment, going downstairs. there were two rookie police officers who were together on patrol, unsupervised. it was late at night. the stairwell in the public housing development was dark. it appears there may have been an accidental discharge, that's what the officers have indicated. but it result

still, according to our sources, he's not been in jeffries. in the office. >> they settled, didn't they? charlie: yeah, she came up with some bizarre thing that the press made it up. liz: okay we made up the deposition. charlie: she didn't say it like that. about how this got blown out of proportion or something. i don't know how you blow it up out of proportion when you said your husband went number two and your daughter had to clean it up. liz: thank you, charlie. for those of you having afternoon tea, thank you. twenty-nine minutes before the closing bell rings. we saw a lifetime intraday for the dow. a gain for 123 points. lights out in detroit. schools are closed. hospitals are transferring patients. are these helicopter shots of what's going on there. latest in the string of outages to hit the motor city. we have the very latest on what might have caused it straight ahead. and the cost of staying connected via cell phone, high-speed internet, it's rising so much, it's forcing millions of americans to cut back, but not there. they won't g

michael jeffries is retiring effective immediately.ve chairman will be in charge until a full-time successor can be found. abercrombie's rival american eagle also trading higher after oppenheimer upgraded the stock to outperform. there are currently 7 buy ratings, 11 holds and two sells. joining us now is executive director for specialty retail and senior analyst at oppenheim oppenheimer. welcome to the program, anna. >> thanks for having me. >> what is your reaction to michael jeffries leaving abercrombie & fitch after so long, such a controversial figure but in fairness, a guy that more or less built the business over two decades? >> yes, certainly a very surprising die paeparture and e an era. this was the creator of a modern day anf, certainly recently more challenging. this is now year two and we think overall brand equity is being questioned by the consumer. change could be a positive, stroeof course, but we position turnaround could take longer to build. so certainly very interesting news today. >> do you actually have a rating

joining me now is congressman hakeem jeffries, democrat from new york. he'll lead the congressional black caucus tonight in speeches from the house floor on ferguson. and msnbc analyst and retired atf analyst jim cavanaugh. thank you both for being here. >> good evening, rev. >> thanks, reverend. >> congressman, civil rights leaders meeting with the president and vice president. i was in ferguson over the weekend talking to faith leaders. have we reached a tipping point? >> well, we have an epidemic of police violence in this country. we have a clear, national problem. that's why it requires national intervention, which is why many of us were pleased that the president brought together civil rights community, young activists, law enforcement officials today. that's why the congressional black caucus is going to speak from the house floor on being black in america. what does ferguson say about where we are and where we need to go. we have three issues to confront. it's unacceptable that young, innocent, unarmed african american men continue to be gunned d

the chair recognizes the gentleman from new york, congressman jeffries. >> thank you, you, mr. chairman. i think the witnesses for their presence here today. we have three branches of government, all of which are coequal and are incredibly important our democracy, but we also have a fourth estate and sometimes the media has been colloquially referred to which also plays a very good role in our democracy and projecting that outward and making sure people are informed about the things that are occurring, certainly with the executive branch and with the legislative branch and hopefully increasingly as it relates to the judicial branch. so do you think that the role that the media plays in the context of helping to bring our democracy to life is a.worthy of consideration as we determine the best way to proceed? >> absolutely. that is an easy answer for me to give, but also it is important to note that our pilot, this pilot provides for video recording pushed out on the us courts website available to everyone, not just those recordings that the media have decided to record that they

jeffries was trying to be the coolest guy in the world. martinez may be the least cool guy in the world. how about somewhere in between? abercrombie is in that difficult moment with teen apparel where nobody knows what to do. a guy who was a very good craftsman and kenmore washer guy may not be the answer to abercrombie. tools? a bag of hammers isn't as good as a nice outfit from hollister. >> it does bring to mind upgrades, lulu, american eagle to outperform. bold bets here. >> my charitable trust holds lulu. i don't want to see any expectations. that's okay because the los angeles saved us. bank of america is taking things down right up front. now we don't have to worry that the banks will underperform since they are underperforming today. >> b of a, some slide presentations. talking about near term revenue head winds. >> i've got to believe that will apply to other banks, too. it wouldn't shock me. david and i were joking beforehand, merck, a company i like, they had done the cutest deal. sorry, i shouldn't be laughing. this is a real a

host: our guest is representative hakeem jeffries. we invite you to join the conversation. and you can join us on twitter. you were an instigator behind the effort monday night for these so-called special order speeches. reacting to the ferguson grand jury decision. how did that come about? guest: the cbc felt it was important to address the issue head-on in terms of in the criminal justice system and the need to really tackle the issue of how police officers interact with communities of color all across america. we have seen problems in ferguson and problems in staten island. recently in the brooklyn district that i represent, we had an unarmed 28-year-old african-american male who was shot dead by a police officer allegedly by accident, but the bullet went right through this man's chest into his heart. this happens over and over again. it happened in the cleveland case with tamir rice. we wanted to make sure that we took this issue seriously and that we focus on the problem in a manner that would be beyond words and move toward action. host: what is your relationship like

after 11 straight quarters of declines, jeffries stepped down from the teen retailer. >>> the move sent and so do investors agree with herb greenberg it's long overdue? we'll get herb's take on the resignation of the person he named the single worst ceo of last year. >>> abercrombie & fitch announcing is that mike jeffries is retiring, effective immediately. the stock up about 8% on the news. oh, he resigned and the stock goes up. >> and it just so happens our own herb greenberg chose mike jeffries as his worst ceo of the year 2013. so why was he on the list to begin with? and what do you make of the departure. >> well, because his performance was horrific, and on top of horrific performance, he was a public relations disaster, and he obviously didn't see it. and that, i think when you reach that point and you have so many different factors, and at the same time, you had an activist in there pushing for change. >> he was a guy that said overweight teens shouldn't shop in my store, the clothes don't fit them for a reason. >> he should get together for a drink with the former lululemon ce

jeffries discussed what happened in ferguson, as, quote, a problem that you can't run away from. >>> st. louis rams with the team saying their sorry on the field, well after meeting with police last monday, a rams executive says he regrets any offense taken. well, the county police chief took that as an apology, the executive said this isn't, but he also supports the players' first amendment rights. >>> and fbi warning businesses they could be the necessary target of crippling software. hackers stole unreleased movies and reportedly leaked executive salaries. bob orr is in washington with what's being done to fight back. bob, good morning. >> good morning. well, sources do tell us that the fbi is now warning u.s. businesses across the country to be on guard against malicious software that can do a great deal of damage to computer systems. the five-page fbi alert which went out monday provides technical details about the software noting that the thug is capable of erasing hard drives. we have to say this warning appears to be describing the same kind of cyberweapon used in the recent

abercrombie & fitch ceo and founder mike jeffries is stepping down immediately. he has been under fire as abercrombie lost relevance with teenage shoppers and profit tumbled. the board is looking for a new chief executive. investors -- shares were up more than 6%. mcdonald's bets on custom food. the restaurant chain will be expanding its ilk your own burger concept in a bid to live were more millennial's. the move is part of an effort to shake off its reputation for selling fast food. mcdonald's is facing its worst slump in more than a decade. a scathing u.s. senate report concludes the cia's harsh interrogation of terror suspects after 9/11 was not effective and that the agency misled congress and the white house on key aspects of the program. -- challengedsion by the cia. members of the bush administration and republicans in congress. peter cook is on capitol hill with more on the report. this report is very critical of the agency. >> it is a very harsh picture of the agency in those days right after 9/11. this program, the detention program was first put into

english judges with reputation for unfairness and infamy, including lord chief juice tis george jeffries of england, ellis concluded that taney was the worst of all. the low point in taney's reputation came with the 1865 publication of an anonymous 68-page pamphlet entitled "the unjust judge: a memorial of roger brook taney." like the "atlantic" article, the pamphlet accused taney of the worst abuses of judicial power and asserted that the dred scott opinion alone would shape taney's reputation. much of the pamphlet argued that the framers had been anti-slavery in their outlook and that the constitution embodied the spirit of the declaration of independence, particularly its assertion that all men were created equal. the author of the unjust judge took particular satisfaction in showing how early in his career taney viewed slavery as incompatible with the declaration, a position that he had later turned his back on in dred scott. and it is true that, as a young

it was had by congressman jeffries from new york -- led by congressman jeffries from new york. [video clip] shoot.s up, don't the rallying cry of people all across america who are fed up with police violence and community after community after community. in up with police violence ferguson, brooklyn, cleveland, oakland, in cities and counties and rural communities all across america. , we will stand on the floor of the house of representatives and for the next 60 minutes we will speak on the , whatblack in america does ferguson say about where we are and where we need to go? people are fed up all across injusticecause of the involved in continuing to see young, unarmed, african-american as a result of a gunshot fired by a law enforcement officer. new york democrat hakeem jeffries on the house floor last night talking about race in america. we are getting your thoughts on how to rebuild trust between police and communities. david is in new york. a republican. caller: just a quick comment. there was one report, police --ations, traffic citations it shows you how different the eco

english judges with reputation for unfairness and infamy, including lord chief juice tis george jeffries of england, ellis concluded that taney was the worst of all. the low point in taney's reputation came with the 1865 publication of an anonymous 68-page pamphlet entitled "the unjust judge: a memorial of roger brook taney." like the "atlantic" article, the pamphlet accused taney of the worst abuses of judicial power and asserted that the dred scott opinion alone would shape taney's reputation. much of the pamphlet argued that the framers had been anti-slavery in their outlook and that the constitution embodied the spirit of the declaration of independence, particularly its assertion that all men were created equal. the author of the unjust judge took particular satisfaction in showing how early in his career taney viewed slavery as incompatible with the declaration, a position that he had later turned his back on in dred scott. and it is true that, as a young lawyer in frederick county, maryland, taney had defended jacob gruber, an anti-slavery methodist minister accused of disturbing

like to extend our con toll enss to the liu family as well. [ speaking spanish ] >> congressman jeffries. >> let me first just thank juan and tony for bringing the community together to stand with the ramos family. we're here today to get behind this family during this terrible tragedy and time of need. and i'm here to make it clear to the ramos family that their pain has been felt not just in this community but all the way down to the halls of the united states congress. this is a terrible unthinkable tragedy. by all akounlts, officer ramos was a good man, good father, good husband and a good police officer. he was there for the city of new york to protect that's why it's important for us to be there for the ramos family during this incredible time of need. so we just hopeful that this tragedy will not be in vein and that we will be able to we have to be respectful of this tragedy. make sure that they are appropriately buried as the heros that they are. and figure out a way for us to come together as the resilient city that we are. >> state senator? >> thank you very much. >> i also wan

i'm congressman hakim jeffries.the decision by a grand jury not to indict in the death of eric garner is a miscarriage of justice, and outrage, a disgrace , a blow to our democracy, and --should shock the conscious conscience of every single american who cares about justice and fair play. what more does america need to see to understand that we've got a problem in this country as it relates to the relationship between the police and communities of color which far too often result in the death of unarmed, innocent african-americans such as eric garner. he was put in a chokehold which is illegal. his death was ruled a homicide by the medical examiner. he begged for his life. he said over and over and over again he was killed in plane site for all of america to see because it was captured on video. this grand jury could not return a single charge. they could not return a single charge for assault. they could not return a charge for involuntary manslaughter. this grand jury could not return a charge for criminally negli

jeffries chief market strategist. and mark. thank you, both for being here. let me start with you. >> sure. adam: for the average investor watching a day when we were seeing the biggest drop on the dow and s&p since august 2013, that's enough to worry people. how do you reposition your portfolio? you missed the chance to do that. >> never a bad time to look at what's coming forward. there's a couple of events. i think the energy sector is something that is a real issue, and it's not to be underestimated. you know, we're in the middle innings of, i think, the price of oil, valuations of companies. and those will have implications. adam: is that a black swan event? >> the black swan event is people are underestimating the negative legislative in the companies. we've had these stocks go down on bad news constantly. price of oil goes down, they go down. c drill was down 25%. they eliminated their dividend. went down an additional 25%. the stocks go down. i mean, you've got -- the bad news just keeps coming. what you're going to see coming forward, in january, a l

the chair recognizes the gentleman from new york, congressman jeffries. >> thank you, you, mr. chairman. i think the witnesses for their presence here today. we have three branches of government, all of which are coequal and are incredibly important our democracy, but we also have a fourth estate and sometimes the media has been colloquially referred to which also plays a very good role in our democracy and projecting that outward and making sure people are informed about the things that are occurring, certainly with the executive branch and with the legislative branch and hopefully increasingly as it relates to the judicial branch. so do you think that the role that the media plays in the context of helping to bring our democracy to life is a.worthy of consideration as we determine the best way to proceed? >> absolutely. that is an easy answer for me to give, but also it is important to note that our pilot, this pilot provides for video recording pushed out on the us courts website available to everyone, not just those recordings that the media have decided to record that they

mike jeffries, the now former abercrombie & fitch ceo who stepped down after tarnishing one of hottestin retail through a series of management missteps and public relations disaster. farewell, maybe now they can put the logo back on the clothes. i still don't like the power group here but when ceo from the wall of shame departs, the shock jumps and they rallied 8% on the good news. and now it is time. it is time for the lightning round! are you ready? it's time for the lightning round. we'll start with james in texas. >> caller: booyah jim bob cramer. >> how are you? >> caller: look what's happening now about what to do about etp? >> has a 6% yield, the company is fared well making a lot of good moves. i've got no problems anymore with etp. how about john in california? >> caller: hey, jim, love your show. keeps going and going and know why he bought duracell. >> you make my life easy, if every caller was like john from california, berk shir hathaway remains one of the strongest buys and we still like it as much now. how about john in maryland. >> caller: thank you for taking my call a

for more on this, i am joined by congressman jeffries. thank you very much for being on the show. >> good afternoon, luke. >> i was struck by the facebook posting of the officer's son. he said this. "today i had to say to my father. it's horrible that someone gets shot dead because they are a police officer. they are the people people call for help. i will always love you and i will never forget you." that line everyone said they hate the cops and they are the people they call for help. over the last few months with the demonstrations regarding what happened with mr. garner and mr. brown in missouri, has the rhetoric gotten too heated where police are viewed in a negative way? >> this was an unthinkable tragedy for the community and the city and the nation and the police department, but most importantly for the ramos family and the lew family. we have to give them the dignity and the respect and the appropriate burial hero send off for the officers. we have to begin the process of healing as a community. part of that will be to make sure

mike jeffries getting a kick in the abs. he has around 2 million shares.pical dollars. the son of billionaire larry ellison has been so inspired that he made a whole fashion line. so close are set to said to move between work, play and adventure. about $300 million. nice. making an absurd amount of cash off hot wheels. harare. one of their most over-the-top supercars yet. it is called the xxk. the fastest ever road legal car. ferrari will hand pick customers. lucky them. though one time that you can consider yourself lucky for not being on a yacht. a draw bridge collapses over a $20 million cruiser. a real housewife heading to prison. no plans to take the fall alone. you can never have too much money. ♪ how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospe

it won't move the stock of jeffries.nistrative leave, which he went on those messy divorce proceedings hit the tape. also gives you some of the culture of wall street. what these guys do. how they act. do they live up to their promises? i can tell you people inside the place they said ben would be there, he didn't show up. executives say, well, not quite. he was told by hr he didn't have to show up. gives an insight how these firms work. liz: somebody dropped the dime on him. it shows our viewers that there's discontent within the ranks because we don't make this stuff up. >> he's one of the biggest health care investors in the country. they do the most deals. and i just like getting a little gossip on these firms. liz: could i play devil's advocate, if ben were watching this. he would probably say, are you kidding me charlie gasparino? is everything i do held to scrutiny. >> tell us that. tell us that. i don't know. just pick up the phone, man. and, by the way, i don't cover everything he does. i think the last time i d

. >>> let's continue this discussion and bring in ward mccarty, an economist at jeffries. what gave us 5% or is it a one hit wonder? >> i don't think we can sustain 5% for a long period of time. you have to go back to 2003 to see a number as robust as that. when you look at the u.s. economy it has grown at 3.5% in four of the last five quarters. we have turned a corner as far as growth is concerned that we will continue to see numbers that are better than at least the perpetual pessimist expects to see. if we get 4% in q 4 which is not a long shot then we grow at 3% for the year in 2014. >> what do you think monetary policy implications are of this? >> this is going to end up creating a dilemma for the fed. they have made a lot of progress on growth. they have made a lot of progress towards the full employment mandate. i think that it is going to take towards the end of next year before they finally look at the labor market and declare victory. the big problem here, of course, is inflation. we saw the pce deflater move further below the fed's 2% target with the pce data th

ward mccarthy chief economist of jeffries. david, is there something to squall the party? >> anything can derail it over the short term. on an intermediate term we think the components are in place for a generally good market. we think valuations are modestly overpriced. we think if the economy is good and today's numbers support that with energy prices low we think earnings will be good and should boost stocks over the next year. >> it is a little like there is a party going on and nobody invited the ceos of america's biggest companies. when you listen to what they said to the ceo summit this week relatively down beat. that was the first thing. second of all, the numbers we have gotten from factory orders show business investment has been negative the last couple of months. is there something going on here where maybe there is some weakening or skepticism that will hurt this recovery and stop this economy from going into a higher gear? >> i think there is caution that is not warranted given what we are seeing in the economy. the employment numbers we have seen recently sh

that drew outrage from several of new york's members of congress, including representative hakeem jeffries woodruff: garner's father condemned the grand jury decision, calling it, "a license to kill a black man". but he also called for calm, as did new york city mayor bill de blasio, who urged non-violent protest. >> it is never my intention to harm anyone and i feel very bad about the death of mr. garner. >> woodruff: and in washington, president obama said the case underscores again, "the larger issues" that minorities have with police in america. >> we are not going to let up until we see a strengthening of the trust, and a strengthening of the accountability that exists between our communities and our law enforcement. >> woodruff: a funeral was held for a 12-year-old boy killed by police when he pulled a pellet gun last month. the child was black, the officer white. the "cleveland plain dealer" today reported the officer's handling of firearms was rated as "dismal" in a previous police job. >> ifill: world allies gathered in brussels today to plot strategy against islamic state extremi

. >> democratic congressman jeffries represents brooklyn in the congress and joins us this morning to talk about budget issues and other things happening as the 113th congress winds down. welcome to the program. we wanted to start off though where we've been talking with our viewers this morning, reaction to the grand jury decision yesterday on staten island. what was your initial reaction? >> good morning. it's good to be back. certainly it was a miscarriage of justice, something that should shock the conscience of all under the law. it's hard to imagine how this grand jury could not have come up with a single charge in the context of the choke hold death that took place for all the world to see caught on video tape. choke hold is un thauthorized a has been banned for 20 years. the medical examer ruled that the manner of death was homicide resulting from chest compressions. we know that he said i can't believe on 11 times. on 11 times, the officers who were on the scene ignored him. this is a tragedy, and we really need to look at our broken criminal justice system in terms of its in

jeffries and his team who pulled this together. a magnificent job. so if you're watching this on c-span tonight or today, request you 1/2 not been to the national civil rights museum in memphis, you must come. when you come this way or plan a vacation to memphis, you can check another graceland after you do this. but come to the national civil rights museum and be enlightened, be encouraged and powered by the telling of the story. a great intellectual asked the question, would america have been america with ought negro people? would america have been america without her negro people? i think you can answer that question without demonizing or casting aspersion on any other culture or race of people, but one has to acknowledge that america simply would not be were it not for the contributions of african-americans, and so i believe that every race of people ought to be judged by the best they have been able to produce, and i believe that dr. king is among the best that our people have ever produced, and this movement is just not's king. king was a man,

last night on this show, i asked new york congressman hakeem jeffries what kind of outcome he was expecting. >> i can't really imagine a circumstance, chris, where we at least don't get a manslaughter indictment coming out of this grand jury. and certainly for the sake of justice, for the sake of the garner family, i hope that's going to be the case. >> after the verdict today, the congressman echoed the widespread shock and outrage that greeted the grand jury's decision. >> the decision by a grand jury not to indict in the death of eric garner is a miscarriage of justice. it's an outrage. it's a disgrace. it's a blow to our democracy. and it should shock the conscience of every single american who cares about justice and fair play. >> today president obama addressed the decision and sense of distrust in law enforcement that's been flinged by this case and that of michael brown and countless others over the years. >> we are not going to let up until we see a strengthening of the trust and a strengthening the accountability that exists between our communities and our law enforcement. and i s

when you look at the jeffries case that came up from the sixth circuit and in front of the court in 2013, they says i'm not kidding, judge. ordinarily, i mean, the diminishing the value of a threat if the person doesn't know that they're being threatened. >> what do you say to the person who says if you're position is to adopt that, will have a grave effect in cases of domestic violence. they're just wrong. they don't understand the situation. >> it's in their interest to have a standard. but the fact of the matter is many states including the states that you really want to have if you're going to win the electoral college, call, texas, new york, all of these states have subjective intent requirements. the government has never shown that states had any problems protecting the pob lus from fear. >> thank you, counsel. the case is submitted. >> on the next washington journal, congressman henry quare. and then stephen ellis of taxpayers for common sense will be here to analysis the federal funding bill and talk about taxes and spending included in the legislation. washington journal live ev