ladies and gentlemen, george kelling.[applause] >> professor tom taylor is a professor at yale law school. he is a maclin fleming professor of law and professor of psychology. his research is towards the dynamics of authority and groups, organizations and society. in particular he examines the role of judgments about the justice and injustice of group procedures in shaping legitimacy, compliance and cooperation. he is the author of several books including the social psychology of procedural justice, social justice in a diverse society, cooperation in groups, trust in the law, why people of april law, and why people cooperate. he received his ph.d in social psychology from ucla in 1978. since then has taught at northwestern university, the university of california at berkeley, and in what you. leagues and gentlemen professor tom tyler. [applause] >> chief robert tracy from a career law enforcement professional was appointed chief of the office of crime control strategies chicago police department in 2011. under the directi

with that negative referred pain from the bond market in mind, let's look at how kell with make money next week off of companies that report so maybe we can find the ones that similarly buck the down tripped. this is your game plan. first up, hmm not so hot campbell soup. i think this company is making a real complainback. it looks like companies that are being acquired, think pinnacle foods with that bid from hillshire brands earlier. if it goes down, it will yield 3%, buy buy buy. urban outfitters after the close, this is a quandary for me, two divisions are doing well, but the flagship, a nonstarter. unless it does a massive restructuring, that stock is going down. tuesday is huge. now, we've got a surprisingly strong new housing start this morning, but it seemed to be skewed. guys, one of the reasons why the market rallied. now, it makes sense there's more apartments being built, right? housing -- and because of the slowdown in existing home sales, home depot has been trading poorly until today. do you know that home depot is down 6% for the year? hey, that seems wrong. i like the

. >>> the alameda county coroner has identified a man who kell from a steep rock in the berkeley hills as 22-year-old low ren so trujillo of concord -- lorenzo trujillo. investigators believe he tumbled 100 feet to his death. his body was discovered yesterday by a hiker. another person died in the same way nearly a year and a half ago. >>> we are hearing this afternoon from a santa rosa mother accused of assaulting one of her daughter's classmates on their elementary school campus. the mother believed the boy was bullying her daughter. ktvu's alex savidge spoke to that mother, he joins us live to let us know how she is defending her actions. good afternoon, alex. >> reporter: well, tori, good afternoon to you. she was quite emotional when i talked to her. delia garcia-bratcher told me she never laid a lad on that 12- year-old boy -- a hand on that 12-year-old boy in santa rosa. but over the weekend, the 30- year-old mother was arrested on suspicion of child abuse and sheriff's investigators say she came onto campus during lunch friday confronted a fifth grade boy putting her hands on h

and kate -- george kelling spoke about the subways in the crime. there were two different police departments, the transit police department and the new york city police department. we started seeing great things happen with the new chief it took over the transit police at the time. and what happened in some ways in a dramatic decrease in crime by applying these measures. most of these individuals were of to the crux or actually someone that would allow and commit crime. and that crackdown, they were in the gatekeepers in the subway which helped reduce crime to where it yesterday. the chief will probably get into it later, but it's a dramatic change in addressing the smallest changes. and at the same time we are addressing -- how was mostly in a violent crime units going after mostly the violent crimes, the heavy hitters and the people that wanted mostly for murders and shootings brought most of my career in the new york city police. but my time and fugitives was also another change. when brad camelot, addressing the quality of life crimes, these pe

and we'll kell you that what it is. a man who finds beauty in scars. >> over the last 25 years, the city of detroit has seen a dramatic exodus of rents. the census bureau says that the population has fallen from 1 million in 1990 to 700,000 today. the blight removal task force said that it found more than 85,000 abandoned properties, and clearing them would cost about $2 billion. and that's a lot of money for a bankrupt city. our detroit reporter, bc is here with the latest and bc, what exactly is the task force recommending? >> well, i can tell you, ali, that this task force spent eight months analyzing every single piece of property here in the city of detroit. and they found there are over 80,000 blighted structures here, and that's not far from initial estimates. the city worked on the reports with local business leaders, and they think that over several years, it will cost the city about $2 billion over the course of all of these years. now, the emergency manager, kevin orr, said that it's very important for the ci

and we'll kell you that what it is. a man who finds beauty in scars. the stream is uniquely interactive television. in fact, we depend on you, your ideas, your concerns. >> all these folks are making a whole lot of money. >> you are one of the voices of this show. >> i think you've offended everyone with that kathy. >> hold on, there's some room to offend people, i'm here. >> we have a right to know what's in our food and monsanto do not have the right to hide it from us. >> so join the conversation and make it your own. >> watch the stream. >> and join the conversation online @ajamstream. america mobile app, available for your apple and android mobile device. download it now >> over the last 25 years, the city of detroit has seen a dramatic exodus of rents. the census bureau says that the population has fallen from 1 million in 1990 to 700,000 today. the blight removal task force said that it found more than 85,000 abandoned properties, and clearing them would cost about $2 billion. and that's a lot of money for a bankrupt city. our detroit reporter,

and we'll kell you that what it is. a man who finds beauty in scars. al jazeera america gives you the total news experience anytime, anywhere. more on every screen. digital, mobile, social. visit aljazeera.com. follow @ajam on twitter. and like aljazeera america on facebook for more stories, more access, more conversations. so you don't just stay on top of the news, go deeper and get more perspectives on every issue. al jazeera america. consider this: the news of the day plus so much more. >> we begin with the government shutdown. >> answers to the questions no one else will ask. >> it seems like they can't agree to anything in washington no matter what. >> antonio mora, award winning and hard hitting. >> we've heard you talk about the history of suicide in your family. >> there's no status quo, just the bottom line. >> but, what about buying shares in a professional athlete? real perspective, consider this on al jazeera america >> over the last 25 years, the city of detroit has seen a dramatic exodus of rents. the census bureau says that the populatio

you kell effective by picking your points and quietly doing things behind the scenes at times as well. we also caught up with bill gates, a director of the board, that's why he's here this weekend, too. we talked about some news that was made recently. just there was a -- that showed bill gates is no longer the largest shareholder in microsoft. >> i sold for over a decade the same numbers of shares every quarter. that plan lasts through the end of this year. you know, i'm going to retain a lot of microsoft stock, but the u.s. treasury has done well. many billions of dollars, and, you know, i'm -- i'm excited about the stuff i'm doing at microsoft right now. it's reexamining all its strategies, a lot of great work going on. >> are you excited about the new ceo? >> yes, a sacha is off to a gre start, and getting people to rethink how can microsoft move faster? and distinguishing ourselves with things like office 365. >>> so who is the largest shareholders in mike roar soft right now? that would be steve balmer the company's former ceo. >>> coming up in "street signs" wee talk more about

>> kell what, time is it?on the east coast. >> how many hours or minutes ago were we worried about disinflation? that's what i'm saying. >> last week or two weeks ago i brought along a chart that you can lock at and jim looked at which basically shows it's the express policy of the most powerful central bank in the world to raise inflation. we' apparently want inflation t go at least somewhat higher so what we see now is indicative is the aim of central bank policy. i find it interesting that you do get a little bit of an increase in inflation, at least these are wholesale prices, and all of a sudden all the inflationistas, the i told you so folks are coming out. there's two years worth of inflation data, the pce and preferred indicator, not one of those yellow lines, no yellow line is above 2% so it's not really that big of a deal right now and i don't think it moves the fed any sooner than planned. >> and i agree with steve. one of the bigger challenges, i want to know when the prices are actually going to c

have a good weekend, kell. >> thank you, bill. welcome to "closing bell." i'm kelly evans. hear cheers on wall street. this isn't the whoop whoop because we're finishing the day at all-time highs as investors pack up for the holiday weekend. no volatility but there have been gains. the dow adding 62 points, nasdaq adding 31 to 4185. its most recent high in march but it's the s&p 500, 1900 on the nose. where we're closing on this friday adding eight points in that represents a new closing high for the broad market index. let's bring in today's panel. joining me now cnbc contributor elan, sheila and dan greenhouse and carol roth and also with more on today's market action is "fast money" trader jon najarian. >> initial thoughts about the s&p at 1900, what do you make of it all? >> round numbers always make for good headlines but mean anything more than 1899 or 1901. i think the general rule here is that large-cap stocks have held up quite well, and despite the fact that there's been a focus on bond market rally and concerns about growth and a small-cap selloff, large-cap stoc

overt things, we've been so asking folks, what kells would you think we should be asking?d it to us. >> thank you very much. we'll see you then. >> at the top. >>> meantime, the united states is accusing china of spying on american companies and stealing their secrets. that story when we come back. ck. whon a certified pre-ownedan unlimitedmercedes-benz?nty what does it mean to drive as far as you want... for up to three years and be covered? it means your odometer... is there to record the memories. during the mercedes-benz certified pre-owned sales event now through june 2nd, you'll get complimentary pre-paid maintenance and may qualify for a two-month payment credit. only at your authorized mercedes-benz dealer. could mean less waiting for things like security backups and file downloads you'd take that test, right? well, what are you waiting for? you could literally be done with the test by now. now you could have done it twice. this is awkward. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for bu

. >>> 20 minutes left, the leader of the dawe, how is the volume down there, kell? second lightest trading day of the year on monday? >> bill, it is so light. the guys down here. i was just asking them about this, about the extent to which this is seasonal. no, it's gotten quieter, a month, two months earlier than usual and by the way, if you want to talk about vol, it's not that there's no vol, check out what's happening with the vix, below 12 today. i mean, it's sort of this massive drying up that you seem to hear. >> very, very interesting here. >> yeah. >> dominic chu. >> there's the vix right now. >> as it continues lower, contrary-wise that could signal sort of a top for the market, but that's just me. we're down 7% right there. >> and dominic chu is tracking those movers for us in this market today, dom. >> volatility has been low, guys, like you said, and we didn't get back all the points that we saw in yesterday's trading session in the dow. we'll start with tiffany moving higher after the luxury goods reported better than expected first quarter profits and

kell? on how this could all play out and whether his widow has a case let's bring in civil attorney michael cardoza. thank you for being here. >> you're welcome. >> show alleges he was driving 55 miles per hour and there were defects in the car. does she have a case? you. >> always have a case. i mean, they are going to hire an awful lot of experts to come into this case. this case will be overloaded with every type of expert that you can think of. this will be a very, very expensive case for the plaintiffs. it will be an even more expensive case for porsche. now when you talk about that initial investigation remember who investigated it, los angeles sheriff's department, along with the highway patrol, but who did they invite in to do that accident reconstruction with them. they invite porsche engineers to come in. now, isn't that a little bit suspect. i mean, they have a dog in this fight so they will come in and certainly say things that bode well for porsche because they have got to thin

already, saw an e-mail just as i was getting ready to hear the president talk from john mccain and kellsaying this is driven by politics rather than military strategy and, of course the politics are good because people are tired of these wars, and, you know, the president is -- will have to deal with the consequences if things take a tremendous turn for the worse in afghanistan after we leave. he'll have to answer for those consequences, but right now the president is pretty determined to bring this to an end, and if he doesn't get the signature on the status of forces agreement they will all come out by the end of this year. >> john harwood, thanks very much for the wrap-up there. let's take a quick look at what's happening at the markets. s&p at a record high, dow transports at a record high, intraday rodd high for the dow drills is 16,735. we're not there yet, but we're not far away, only a stone's throw away. the s&p is up this year so far 3.2%. >> as we pointed out at the top of the show, find us something that's not up. high yield, bond is up treasuries up, gold is up, but bare ba

. >> presumably, some kell nell in the planning cell thought that this would be an easy designation for, flying helicopters through dust storms to bear in mind and to find on a map, but it did kind of undermine the pr campaign. >> as coalition forces rolled into baghdad and topple saddam, the general selected by the pentagon to stabilize the situation and quickly turn over power to the iraqis finds that his mission has changed. >> i did not want to slip from liberation into occupation. i thought that's the worst thing to do >> my understanding from rumsfeld, from the white house, from everywhere, that we were going to go in there and we were going to set up an interim government as rapid as we could, but when ambassador bremmer came over, that direction had changed. >> instead of quickly handing off power to a new iraqi government and getting out, the bush administration selects former ambassador l. paul brimmer to take over in iraq and remake iraq's entire economy, starting with the oil sector. >> we are not here to be a colonial power. we are here to help turn over as quickly as we ca

. >> first let me say for my entire professional life, george kelling has been the intellectual leader of research and writing about policing. so it is both an honor to be here to talk about broken when is and a little bit intimidating. so i will try to talk about a couple of things that i think him from trying to look at broken windows from a contemporary policing is. the first thing i would say is something all of you already know. that is every area of law enforcement faces its own challenges. what made broken windows so importune and so influential as the theory is that it very affect only address the questions of a particular era in the 70s and 80s. at that time, the really central issue in the public was fear of crime. their symbol police movie to think about not only a sense that there's crime everywhere, disorder, instability. it is out of control, that it was spiraling out and there's nothing they could do about it. the police didn't know what to do. they had no strategy. broken windows provided a roadmap. it did a couple things they think are important and professor telling u

. >> isn't it, kate kell? >> well, it's interesting, kelly. reading david costen's goldman sachs research from friday making recommendations for the week ahead and they talked about how the mentality in the markets, especially looking back at march, was indiscriminate spending. some thought the momentum downwards got to be too strong and wanted to go in the opposite direction and the russell that bill was talking about before the bell rang, this is an important indicator because a lot of hedge funds were using that as a hedge to short some of the long positions they had in the equities market and if we see a big crashup as we did on another day when i was on your show probably six weeks or so ago, that may be significant in terms of actually losses for some of these sophisticated money managers. >> and that's why steve grasso here off the floor. what are people saying about this market today? >> obviously you touched on it in a bunch of different parts. if everything is rallying, you don't know -- >> i don't know. if you look at it that way. p

kell, an action-packed show after the bell coming up.ust and instant billion airs coming up, so don't touch that dial. you're watching first in business worldwide. be right back. note, so i can stay on top of my to-do list, which has been absolutely absurd since the big game. with skype, it's just really easy to stay in touch with the kids i work with. alright, russell you are good to go! alright, fellas. alright, russ. back to work! that's keeping you from the healthcare you deserve. but if healthcare changes, if it becomes simpler... if frustration and paperwork decrease... if grandparents get to live at home instead of in a home... the gap begins to close. so let's simplify things. let's close the gap between people and care. marge: you know, there's a more enjoyable way to get your fiber. try phillips fiber good gummies. they're delicious, and an excellent source of fiber to help support regularity. wife: mmmm husband: these are good! marge: the tasty side of fiber. from phillips. whon a certified pre-ownedan unlimitedmercedes-benz?n

bill and kell? >> yeah, that's a big bounce for the russell. thank you, seema.later. >> as we head to the close, joining us to talk about this, mark rich peterson and robert frost. welcome back. is this a market expecting growth or are they still playing defense sniffle. >> it's a little bit of both. as we're talking now about s&p 2000 as opposed to s&p 1800. we have great earnings. the greatest story never told is that earnings excluding financials is the best since the fourth quarter of 2011. 6.14% in the first quarter of 2014. financials very strong, consistent earnings growth. cash on a balance sheet and a combination is still the name of the game and the fed -- the fed hike rates is going to be happening later than sooner. >> robert? >> yeah, i mean, capital utilization right now is at normal levels and when we look at cash on balance sheets, all-time highs, corporate profits are substantial. still not quite what they were but still substantial. >> those things are the very things that people who doubt this market will point out as reasons that corporate pr

the nipet circuit held that individual secret service agents to be kelled -- could be held personally liable for their on the-spot decision -- n the--spot decision to move demonstrators near president bush. >> let me ask a question. so were the pro-bush demonstrators. the pro-bush demonstrators were across the street pretty much at a diagonal to the president. and they were permitted to remain there the entire time. they had a throwing distance of a bomb or a shooting distance as well. >> your honor, the pro-bush demonstrators were differently situated from the anti-bush demonstraters in several fundamental respects. with respect to the weapons range, there was a two-story building between the pro-bush protesters and the -- where the president was dining. it's in stark contrast to the open alley that led down precisely to the six-foot wooden fence behind which the president was dining. which is where the anti-bush protesters were. at the first move, when the president arrived for dinner, -- pro-bush protesters were the anti-bush protesters were between third and fourth and the alley t

kell? >> all right, sheila, thank you very much.rst-quarter results joined exclusively by robert benmosche, president and ceo. great to see you again. >> thanks. >> revenues jump out again, shy of what the analysts were expecting. what's going on in the first quarter? >> first of all were premiums and then we have deposits and revenues. keep in mind that our second largest market outside the united states is in fact japan, and so we get a tremendous amount of premiums and fees coming out of japan with the pressure on the yen and looking at the exchange for the dollar. our premiums are actually growing on the property and casualty side but you don't see it because of the dollar. >> the japanese yen has been incredibly weak, especially during that period that you mentioned. talking about the rest of the business then, how would you describe things -- where are you seeing the most opportunity, and, look, low interest rates continue to some extent to be the achilles' heel of the industry, do they not? >> it is, but keep in mind that wha

see you tomorrow, kell. >> and welcome to "closing bell," everybody.ng to see if we can finish here for the fourth day in a row with new highs for the s&p 500 but it looks like at the bell we're falling just short that. broad market index giving up two points on the close. the dow off 40 and the nasdaq off about 12. let's bring in today's panel and talk about what that means along with what's happening in the rate space, of course, our very even eamon javers, stefling link and nathan bachrach and mary thompson and trader steve grasso joining us from the floor. nathan, let me ask you a simple question. where do you see opportunity right now? what are you buying? >> i like large-cap value. i think any company that's making a profit now, guess what? the economy is going to get better in the third quarter. we'll eventually have one of those quarters where everybody says it's going to go up 3% the next quarter and that was like last july and august you waited and then the fall came and went and winter has come and gone. yes, there is a santa claus, and i th

>> oh, great question, kell, and absolutely.ry crash has been different and that flash crash was, as bob had alluded to, multiple factors and had the debt crisis in europe that was going on and then you had the high frequency trading that basically walked away and took the liquidity with it, so, you know, michael lewis's book just recently has brought back the whole high frequency debate and their role in this marketplace so they are still there. the macro issues aren't there, and if you look at the newspaper today, you have stepped up aggression coming out of russia and possibly some aggression going on in the baltics republics, so there will always be that macro trigger. it's just a matter of questioning whether the exchanges have put in the proper controls to prevent a move like we had. >> that's an interesting question. what will the s.e.c. do in light of the michael lewis book, and the my sense talking to people, it will be pretty modest changes. i know they are concerned about dart pools, and there is an issue with 40% of

. >> reporter: kelling elle i realized a life where you do not live to your full potential or you don't life i'd be miserable living. she even opens up about her famous family, saying, i never thought i'd have children. i never thought i'd be in love. i never thought i'd meet the right person. as for her partner of eight years, brad pitt, jolie said she fills inspired by him. there's a comfort and an ease, and a deep love that comes from having been from quite a lot together. but for fans waiting for a jolie/pitt wedding, sit tight. we even forget that we're engaged. directing "unbroken" crediting it with heroism helping her through a double mastectomy last year. jolie also stars in the soon to be released "maleficen"malefice" her daughter vived haienne play opposite jolie. when jolie asked daughter shiloh about playing the princess, quote, she laughed in my face. so shiloh aside can we expect the jolie family to take over hollywood? jolie dishes, i would really wish they would do something else. after two days of it, brad and i were so stressed, we never want to do it again. jason kenn