>> chairman kohl and ranking member corker, thank you for the privilege of being here today. let me pick up on some points made by the panelists before me, and then i'll be happy to answer your questions. the first is obviously this is a very difficult problem whose scale will grow rapidly in the years and decades to come. and there are really two separate aspects to it. the first is going to be the nuts and bolts costs of long-term care services driven by a greater number of individuals who will require those services and an increasing cost per person. and there are really two things that the committee can think about on dealing with that fundamental problem, which is the cost. one is those kinds of preventative actions that could be taken to either defer or eliminate the need for long-term care services. and they're the things that stand out are the increasing prevalence of alzheimer's and dementias, which lead to extremely costly cases. and to the extent that research and other progress -- other efforts can make progress on that, i think that's something that should be wit

kohl's was up a little bit better than that. neither stocks excited people of late. >> the excitement with jcpenney as we know and as herb greenberg sit cites is ron johnson. a lot was put on how fast ron johnson can put the pressure on and whether people will migrate away from coupons and perceive some value they get that 30% discount rather than just saying i'm going to be fair with you guys all the time. you don't have to worry about whether or not i'm marking it. people do worry they're marking it up and that's why kohl's is succeeding here. >> when walmart tried to go to every day low pricing strategy over in japan, it took four or five years to get that turned around in the consumer's mind. this is not something that happened overnight. i love ron johnson and ideas he's bringing to jcpenney, it's not a quick fix and kohl's will take advantage of it. >> i think performance of tjx you have to highlight that. you look at jcpenney and kohl's and the entire face and you're a money manager and say okay i have tjx which continues

>> well, chairman kohl, when you asked about the reducing the hospital use as one of your goals, my testimony was directed at that through improved coordination of care, enhanced primary care targeted to this population, and a coordinating the long-term care needs as well as their basic medical needs. but i would add to that on preventing unnecessary hospitalizations that we have tremendous evidence of inappropriate, unnecessary, and potentially preventible hospital use by long-term nursing home residents who are not getting enough nursing care in the nursing home. and i would urge attention to holding nursing facilities, skilled nursing facilities. again, you can do this through medicare, holding them accountable for providing that good care and for thereby preventing unnecessary admissions, whether for bed sores or dehydration, things we know can be handled in the nursing home. and i would also another third area for medicare initiatives would be in greater accountability for good quality care, including preventing unnecessary hospitalizations and the snips, the special needs plans, the med

. >> what's your take on kohl's. >> just got off the line with them, their comps came in better than expected. certainly it was driven by ticket a little bit more than traffic. let's watch the second half of the year with kohl's because that's when the new merchandise from the santa monica creative center comes. it's a turnaround. ove that we're sitting so many names and let's throw another one into the mix as well and that being j.c. penney, a bit of a reorganization and ron johnson makes comments that they want to act like a startup. can they achieve the goals that wall street has raised the bar so heavily for them to reach? >> at our conference last week, we had many of the vendors there, and they were all talking about everyone is talking to kohl's. the goals that he has, as long has they just show the rate of the ramp improving, the stock will keep working of right now comps aren't good. it's a 2013 story but a lot of change sunday way. very good people are going there. >> dana, are you able to discern what is weather pull forward in sales versus the warm weather versus increasi

they are trying to stave off facing kohl. for drivers, that means one lane in each direction will be closed to traffic between 29th street and northern parkway. temporary closures started tonight at 9:00 p.m. as they do some testing. long-term closures go into effect tomorrow at 7:00 p.m. this work could take four weeks to six weeks to complete. baltimore county ballast is $1.65 billion budget and did it without -- baltimore county balanced its $1.65 billion budget and it did it without layoffs or cuts. >> immediately set up on a path to refine the way county government works by consolidating multiple agencies. but also introducing modern technologies to help make us not only more efficient, but to save taxpayer dollars as well. >> the county executive also warned today that some difficult decisions lie ahead when it comes to pension reform. in the meantime, gov. martin o'malley is confirming publicly what we first reported on tuesday. this morning, the governor said he is willing to call lawmakers back to annapolis immediate

kohl temperatures tomorrow. should be a gorgeous day.lot of sunshine -- >> beautiful rain. >> there you go. thank you for joining us. thank you for joining us.

breezy and kohl today -- cool today. 10 degrees warmer than it was yesterday. we will come back and look the seven-day forecast going into the weekend. >> 38 degrees on tv hill. here is what is coming up -- >> the governor meets with leaders to discuss a possible special session in annapolis. >> another arrest in the st. patrick's day beating case. >> the competition is on for the youth vote. one issue president obama and mitt romney agree on. >> we will let you know about ou the car on the left was filled up with low detergent gasoline. while the car on the right was filled up with bp gasoline with invigorate. which helps clean and protect its engine so it can get a few more miles per tank than the car on the left. go a little farther with bp gasoline with invigorate. [ cellphone rings ] tuscaloosa? schenectady? des moines? okay. okay. okay. i can't always be there to weed my petunias. so now we use miracle gro shake 'n feed plus weed preventer. it feeds plants and prevents weeds for up to three months. so my plants grow bigger, more beautiful, without all the

think of helmut kohl and mitterande. or even the reunification of germany. hollande has a reputation of being a very solid, courteous, defendable politician. if elected president, chancellor merkel will have to make some concessions to him. she would do that for the sake of franco-german friendship, the motor of the project. it is possible, of course, that after elections that she might, as a result of this cannot be able to continue her present coalition and may have to form one with the social democrats. many analysts in germany think that is exactly what she would like to do. >> john, thank you very much, as always. >> the stars of the big screen are in berlin for the german film awards. >> 2000 guests came to see and be seen at the gaullists' ceremony. -- gala ceremony. >> michael bauhause received an award and he has been nominated for three awards. it brings with it a cash prize totaling nearly 3 million euro. that is not bad. who were the big winners of the german film awards? the ceremony is underway right now and after the break, we will go live to

. >> the person who's idol journey ends tonight is kohl ton. >> really a surprise for a lot of people. the six remaining finalists will return to the stage next wednesday singing songs from the rock band queen. colton dixon will join us live. he we will talk to him about the show, his future, that is coming up at the 7:00 hour. >>> coming up on 5:00 right now new details about the teenage driver accused of hitting and killing two people in concord. what walnut creek arrested him if for one week before that deadly crash. >>> one woman rushed to the hospital after a dangerous overnight fire. the quick thinking of a neighbor that stopped the fire from spreading. >>> early morning fire sends smoke through an emeryville fire. >> vandals

. >> there's a moment where kohl drogo is speaking to daenerys and she's still learning the language.> khal drogo is revealing the peculiarties of dothrakis. >> she's asking him if he'll help her go home and reclaim the throne that was taken from her family. [ speaking dothraki ] >> drogo kind of deals or kind of brings up in this scene, he brings up this tension between how the doth ra canky view the world and how the with westeros see or daenerys views the world. they discover that sometimes there's not even a common language for the terms. when he finally agrees that he's going to give her what he wants. he reveals how strange it is to him that he's going to go all this way and do this thing so his wife can have a chair that her dad sat in. that seems bizarre to him. but he loves her so much and he's so angry about the things that have just happened that he's going to go do it and kill the men in their iron suits. >> he's kind of like, all right, baby, if you really want this thing, we'll get on those wooden horses and cross the poison water and get that iron chair, but you are cuc

kohl's fell more than 3%, despite a stronger showing last month. a different type of retailer, carmax, had a slightly better than expected quarter. earnings were one penny better than estimates. sales of used cards was up for the first time in three months. but shares were not; they fell almost 5%. the company saw a drop in same- store sales. over the past 12 months, each time the stock has traded close to $35, it was sold off, including today. finally, lots of volume around a biotech buyout. cancer drug developer allos therapeutics jumped 27% on a $200 million buyout offer from spectrum pharmaceuticals. spectrum fell more than 9%. and that's tonight's "market focus." >> tom: stocks may have been knocked backward a bit this week as the federal reserve signaled it wasn't ready to push more money into the economy right away, but tonight's market monitor is cautious about the market being held up by government help. chris wolfe is chief investment officer at merrill lynch wealth management private banking. with us tonight from the new york-- welcome t

recently at that time recently a unified germany in the first instance thinking of chancellor helmut kohl and the foreign minister hans-peter gunship but nevertheless having developed in the us civil conflict nato which celebrated its sixty third kind of birth rate the sixty third anniversary of its found yesterday decided it had a chance at a proposed cold war kerry had been on the parts of the soviet union to intervene militarily it was not so much nato first he's keeping mission bosnia rep made those first congress. and nine hundred ninety four outside of the capital of the bosnian serb republic prime yarmulke us. just fighters shot down for serbian airplanes the following here he was framed and shot the pilot was captured and in one thousand nine hundred five sitting here are you know brought in since two thousand troops in the bars were there since the thousand troops under nato command so you know you're correct in the in what you said in the lead of the story and this is i'm sorry it's the template that has been used subsequent birth of the war against the federal republic of yugos

one of them was reinstated after an appeal despite being a former barak official middle east blogger kohl shero thinks the military is trying to strangle the revolution. interpretation in egypt at the moment is that this is the military's push to maintain a credible candidate credible that there's from their point of view someone that could take votes away from the islamist candidates and other candidates simply allow them to control the transition for the transition into egypt and maintain their military is going to or it's all about become because of this rushed nature and this extreme disqualifications it's going to be into second choices and perhaps their choices and i don't think that at all represents the egyptian when they started this uprising and that aspiration for a more democratic egypt this would be for about their say the next six months or two whatever would be a period people will see who the president will be but ultimately this will not be an end to the process there's a lot of. hope that i've been. through this process and the liberal parties and the secular parties and

so it is a product that particularly -- and i know that senator kohl has been quite interested in promoting strong quality standards for insurance. if it's a good product, it's good that people with means can afford it. but the number who can is modest. and the industry itself recognizes that. so my concern with a strategy to make it better. i don't -- i think making it better is great. i'm concerned with any strategy that would put, say, taxing incentives into it to support it. that's actually spending public dollars or forgoing revenues as doug well knows that they think if i'm choosing, i would rather see them strengthened for those least able to afford, not for those who are most able to afford, because we know historically that those subsidies do in fact make -- go to people who probably would have bought it anyway. >> i do think we're in sort of a -- i think the environment here is moving more towards tax reform that doesn't incent, that actually does away with many of the $1.2 trillion in tax breaks that we give each year. so i understand that's a suggestion to maybe cause there to b

kohl for the weekend with warming weather next week more on the uptake clearing tonight demolition windshing wind. forecast scattered clouds 43 degrees tomorrow night. 30 percent coverage of the end the day. better coverage showers and thunderstorms parts of the day thursday shower on friday. pretty good rainfall numbers the next few weeks of good news started out dry. southern suburbs not as much rainfall as northern suburbs. seven day forecast and a few minutes. >> rise and fall and rebirth of chicago drug kingpin second act next four john cappas anw an tom, check this out. good gravy, bill. our insurance company doesn't have anything like it. magnificent, isn't it? with progressive it's easy to cover all of your favorite rides. progressive has truck insurance? number one in truck and motorcycle. is that a golf cart? yep. we also cover rvs boats, atvs. anything else i can help you with? -can i take a ride? -you need a ticket -- -i'm first! -and that's by the water slide. okay. no running. oh, dear. save on all your rides. now, that's progressive. call or click today. i used to not tra

the euro and i want to quickly the euro was largely a french idea to me to arms price to chancellor kohl the price of german reunification so yes you can have german raef unification if you give up the doj mark and go into what they were then calling. course that translates badly in germany they called it the euro and now of course we're finding that the euro is helping germany and hurting france's course are hurting other countries particularly spain and we know about the pigs and how the damage it's cause it was also hurting france as well and france is suffering as a result of the e.u. imposed austerity program so really so cosy years where did himself too and chancellor angela merkel in germany and really if hollande is going to break from that will be a major paradigm shift within the european union and it will take a very bold man a very bold french politician to do that and he's hollande the guy that will do that will will he break with the german axis which is really forcing austerity along many nations within the european union and that's what's causing economic harm richard it'

kohl said he had to be rebuilt, it was left in ruins. still a very poignant moment when hundred six years later. believe it or not there are still survivors who were very young, most of them infants. just a handful of people are left but a poignant moment this morning right there on market street. as we move on it is 513, canadian investigators say pilot fatigue led to a bizarre incident that injured 16 airline passengers. transportation safety board reports say that the groggy pilot mistook the planet venus for another airplane and then forced a sudden dive of the airplane believe me he was avoiding a collision. >> i was violently thrown out of my seat and slammed into the ceiling. >> that report says the pilot did not comply with standard napping procedures that calls for maps of less than 40 minutes followed by a 15 minute transition to fully wake up >> and independent government investigator will look into the prostitution scandal from columbia. a senator briefed on the scandal says at least 20 women were paid to go to hotel rooms wi

i have a clothing line i do with kohl's and a line out of l.a.o those take up a lot of my time and i also have a website that -- that i have, it is a current of a lifestyle website, which i have a lot of fun with. >> i was saying you have parlayed all this into a -- into a -- into a great career and into an image you branded quite well and that takes a lot of work. it mean it doesn't come with having a nice smile. you really have to work it. >> yeah, but they are all things that i love to do so i think if you can make a career out of all different things that you love then it doesn't -- >> -- future as well? >> not the moment no -- >> -- eyewitness news morning -- >> -- right now -- >> -- really cool of course, the summer book season is upon us and everybody is already going to have read the hunger game so now you are going to need something else to read so now, here it is -- >> -- okay -- >> -- bigger than the name of the book. >> that want my choice but -- i picked the candy. >> oh good. really? >> yeah. >> you picked that candy. >> oh i am alw

the 21st century will involve returns to the 19th century. 40% of which is transported on rail is kohl -- coal. so he is basically making a bet that we will go back to coal and railroads. i think there are a lot of reasons to think that is the basic trend you are on. the crisis of energy has brought an end to a general commodity prices. it was a famous but in 1980 looking at the basket of commodities, how they will perform over a decade. simon won the bet in that decade. we're basically living in an increasingly mel tuesday in world -- malthusian world. the green revolution increased worldwide food production during the mighting 50's. it is massively accessory -- accelerated in recent decades. busey and events going on, it gives you a different perspective. -- when you see the events going on, and gives a different perspective. the green revolution is often attributed the information age we are living in and how twitter is helping connect the world. i think it has to be seen as a direct result of massive technological failure triggered by food prices risen by 50% to 100% in recent year

>> kohl's is a monster and made an all time high within the last week and there is talk they may takes have been great and buying back stocks. even at 18 times earnings is worth the buy. >> big. she is cute. >> great girl. >> thank you very much. the first move tomorrow when we return. more fast money next. more than 150 million professionals are connecting here. linkedin connects with the big board. and now i build them. i am a bigger is better kind of guy. i absolutely love building locomotives. i knew i wanted to design locomotives from when i was very young. [ jahmil ] from the outside it looks like such a simple device. when you actually get down into the bare bones of it, there's so much technology that's submerged. [ rob ] my welds are a signature, i could tell my welds apart from anybody's. you lay down that nice bead and you look at it, i love it. they don't go together by themselves. there are a lot of little parts, and everyone has their job. [ scott ] i'd love to see it out there on the open tracks. and when i see it, i'm gonna know that i helped build that thing. [ train

this is at the university of kohl in boulder.tly spotted the sleeping bear napping in the tree. they called wildlife officials. they came and tranquilized it, causing it to fall but safely fall out of the tree. they tagged it and released it into the colorado wilderness. i'm happen the bear is okay. >>> you don't hear much about kazakhstan. they love it now. coming up we'll tell you why. that's why we developed bayer advanced aspirin with micro particles. now we're challenging you to put it to the test. visit fastreliefchallenge.com today for a special trial offer. >>> welcome back. remember the move "borat." he plays a fake journalist from kazakhstan. >> my government sent me to us of a to make a movie film. >> well, kazakhstan, turns out, banned the movie because it mocked the people. but now the country is showing it some love. so the kazakhstan government changed their mind. >> exactly. huge turnaround. they said, just this week, we thank you, borat, because tourism has increased ten fold. >> who knew there was tourism in kaz

nobody has -- what they care about, what matters to a company like facebook, i keep hearing the whole kohl branding idea. you've got a groupon out there listing with nasdaq. nasdaq says, we're going to help you with your marketing efforts and kick in money. if they do a pitch to starbucks, we'll say we're listed on nasdaq. that's what branding is. >> that was a pretty good ad from the new york stock exchange. >> i i bet they would have wanted to get the follow through exactly has nasdaq offered. they only found out later incorrectly. that's what i'd like to know right now. >> no details coming out. we're going to get a little more information nasdaq declining to comment as well. they don't have the floor, the balance canny, the giant screen in times square and have a lot that they can do on the market site itself even though it's a smaller piece of real estate. >> scott kessler, what's your tame on this? looking at this decision, do you have concerns? what's your take away in terms of facebook going on the nasdaq? >> i don't know if it makes a lot of difference to most investors out there.

. >> next, kohl's. a can coupon for 20% off everything. another for 15% off golf attire.le. one day, marked from $59.99 to $19.99. a favorite of the young crowd, abercrombie consistently posted sales. for everyday needs, try cvs. the drug store posts cash-back offers. like a $10 cash back card for spending $30 on certain items. and if you're hungry, try liking quizno's. that's all it takes to get a free sub. and local company, boloco, also offers discounts and freebies. >> experts suggest you "like" the brands you actually like. or your news feed will look like the sunday paper. >> it's hard to keep up with all of the offers and opportunities. >>> the story of children living in a bus, shocked the nation today. their mother is out of jail and talking. >>> and soak up the sun today. because there may not be much this weekend. bob is updating your first warning forecast. ,,,,,,,,,,,,,,,,,,,, >>> a chaotic scene near south dakota. homes near the fire and miller were evacuated. because there was concerns that the chemical could release toxic fumes. the elevator was carrying s

chairman kohl, very soon. thank you for your spirited conversation. mr kohl. mr. colman, and the follow-up on what senator manchin pursued and what particular focus and the will turn to dr. feder as well in rural parts of the county. in colorado with every eastern region of the state is very rural. we create a lot of fruit and fiber and fuel for the country. we have western regions in colorado that are very rural. what have you found a unique challenges in long-term services in those parts of your state? dr. feder, how medicare itself could work with that dynamic? >> minnesota has greater minnesota also. population density is a challenge in providing services to older adults and people with disabilities. what we found is we need flexibility. relying upon the communities and the community infrastructure with which to based long-term care service and support. we need to acknowledge the drive time, differences that we need to accommodate in our policies to allow poor people to have some choice but maybe not as much choice. it is a challenge to divide policies that ac

. >> this is vera wang kohl's brand. >> this is simply vera wang. >> adorable. how she's even glammed up a bit with the pocketbook. >> that's right. this fabric hopefully you can tell has a loot of sheen to it so it makes it luxurious. so the luxury factor of it complements a very pretty floral dress, and of course some metallics with the clutch. >> sporty, romantic and modern all in the same outfit. we love it. thanks so much, bridget. you look great. >> next is what you say is the best color. for this spring and our model is audrey. come on out, audrey. >> audrey's wearing a great citrus tangerine jacket. and what's nice about this is it's a waterproof jacket. you can tell it has a little bit more heft than the previous jacket. this is a great jacket to wear outdoors. of course, and of course you know, it's an unexpected way to wear the color of the year which is the tangerine. >> right. >> and you know the way to wear it so that it's not so overwhelming is to pair it with neutrals as we have here with these great pair of denim shorts. then there's a fun print

you have to go to retail names that have been strong and not the ones that are crowded space where kohl's and j-c penney are and not the ones that are valued as far as future turn around. >> murphy, your take on the market today. tell me what if anything you are doing when industrials are selling off. you have discretionary stocks under pressure and we had good retail numbers last week, as well. >> we have talked a few times here how we weren't going to see a 12% rally every quarter this year. the s&p ran out and got out 12%. it's a disappointing number but i'm not changing my entire thesis. i am definitely sitting back and looking at the home builders on a pullback. i'm watching home depot. it is only down 30 cents today. a lot of quality names that we expect to do well in earnings can be bought on this dip. i think the market will hold technical levels. the easy money was made in the first quarter and now a stock by stock selection and you have a lot of solid names that are ready to outperform. >> it is not like you look at the jobs report and cross names off the list. you look at the o

the department stores dillard's and macy's screen very high and kohl's has a significant overlap. down further on the list and still benefiting significantly, old navy, gap stores, ross and tjx, all beneficiaries of that j.c. penney share coming out. >> i have a quick one here. apple, not a stock covered by you guys, but these guys are gaining 30 billion a year in sales, predominantly on consumer discretionary things, not necessarily on the pc side. where is this coming from? has to be coming from somewhere in retail. when you look at the sectors you cover, are you seeing this in some of these more discretionary names? >> apparel sales have actually been growing. the growth in apparel has been quite slow. it's clear consumers have a lot of interest elsewhere outside of apparel. within the categories that we cover, shoes, watches, accessories, handbags, jewelry, all have been the strongest growth categories. like i said, apparel has lagged. in terms of looking at where the share from apple is coming from, i would take a look at some of the other consumer electronics categories that

some stock stories we're following right now, kohl's making a nice move after jpmorgan brought it outnt. the target now 52. gm is an interesting one. up 3.3% after morgan stanley resumed it with an overrate. this is the key, folks, price target is $45 on this stock. we always focus on big bang dividends, but regionals also in the mix. bank of the ozarks up 2%. you have to own by april 13th. on the downside, linear technology no longer a buy. buffalo wild wings, one of several restaurants downgraded at raymond james which slapped underperform on bwld. mainly based on valuation nice run down 3% today. and volterra struggling after a downgrade. gold and other metal prices getting ready to stop shouting. sharon epperson at the nymex. hey, sharon. >> they've already stopped shouting. gold settling around a key technical level around 1680. but the real leader in the metal space in this session has been copper. you talked about new money coming into commodities, you see that in the copper. certainly helped the rally and that is the positive manufacturing data we got here. and that definitely

kohl site into mutations with him or dcms advisors in any shape or form about news corp.'s interest in bskyb while mr. coulson was still the prime minister? >> i had no communication or consultation with mr. coulson about this good when i was responsible for it. >> thank you, mr. speaker. i would like to ask my right honorable friend, who i also have seen serve this house with great privilege -- [shouting] could you clarify the role that the independent regulators oversee and ofcom play in this process? >> well, my reason to involve the osd and ofcom in this process to a much greater extent than is required to do under the enterprise act of 2002 was precisely because i wanted to address the concerns that members of the south and the public might have about me prejudging this issue. so at every stage i took for major decisions, each of those decisions were not the decisions that news corp. wanted, and on every ruling that i made i carefully consider that independent advice, and after considering it i followed it. >> mr. tony lloyd? >> printed the cultural secretary didn't a

kohl and many others which plans to migrate at root's advice i'm very nervous but the reason i'm nervous that everybody has read a good book recently. [laughter] many of you in fact have an extremely good books, and some of you, my fellow finalists for this honor, have not only read really good books have gone on to write with incredible insight and grace very lovely reviews of the books that are literary works in their own right. i honestly have no idea why i'm standing up here tonight instead of you, but i do know that your work is where i turn when i myself need inspiration, and again i am incredibly honored to be in your company. this is the moment when i am supposed to say something cogent about literature and criticism to an audience that is utterly terrifying literary although hopefully not terrifyingly critical. but i realized late last night if we're going to be totally honest about it i could simultaneously dodge that fairly alarming mandate and make up for a lifetime of grossly exceeding my word count by keeping it extremely short. my thoughts on whether serious literature has

kohl was this heart of jesus european and people got tired of him. people turn into -- because they were disappointed. he came up with this different approach. he had to address the issue. he said we do not do europe because of the past, we do it for shaping the future. that meant shipping globalization. that was a theme. -- was a leading guy. this is a reaction to the democratic left to address this issue. especially in the euro crisis, it is seen as the capitalists and it is doing with the bailout. not for the greeks but for the germans. that kind of populism is dangerous. i do not think it is so new. i covered the referendum in france in 2005 that desperately went wrong. one of the leading [unintelligible] in that campaign. i remember travelling around with the student leader having a discussion. every second i remember in terms of , totally wrong. but he was successful. he made this time again. -- he may this time again. this is to build up this firewall to the southeast. you want to make sure that there is no impact. i think to address greece fi

to his local video store hoping to find some interesting rentals and paid the five -- a declared $5 kohl will find something salacious and of course he did not. -- the clerk $5 hopinh g to find something salacious and of course he did not. to publicize those unless he gets advanced intent from the user. move forward to today. no one is going to video stores. reid hastings -- reed hastings had that recognition that nobody is getting dvds to their house anymore. people like to date -- to do things on facebook and netflix, learning what their friends are renting on the web sites. if larry says i want to rent films from netflix and tell my friends what i'm watching because i think these are great, the problem is we and blockbuster and netflix have been hit with class action lawsuits. the air saying if a user clicks yes i want to participate, that is technically a violation. my favorite example of how quickly a law that is targeted at this can become obsolete and fresh tree new development. this would help the studios market their films and gain traction and excitement about their films. and

more to your point, we do not have, institutionally, always to kohl's members of the currencies of -- coalesced members of the currency zone around a particular program we negotiated with the country, let alone the central bank of that currency zone. we need to look deeply into debt to see whether we should not revisit the way we deal with such sections of the currency zone. now, -- what has been done, what is doing, and will continue to do, i do not think we can compare any of the three countries we mentioned with spain because they are each very specific. to your question, there is that degree of interconnectedness. we cannot apply a one-size-fits all solution. the crisis in spain, the difficulties they're facing, have their own history. it has to do with financial agents, financial banks, a sector that was not in sync with the massive development of the real-estate development. those need to be addressed and progress is under way. when spain has done is laudable, needs to be continued, and needs to be done in cooperation, coordination, good understanding with other members of the e

scripps co., the publisher of -- the president of kohl's publishing co., the owner of the santa fe "new mexican," the publisher of the concor"concord monitor" in new hampshire, the publisher and ceo of "dallas morning news," and the president of ogden newspapers. you come on board during an interesting and critical time for ap. will all of you newly elected and reelected please stand so that we can give you a rousing and thank you in advance for the work you will be doing? [applause] finally, let me congratulate mary john, chairman and president of lee enterprises, who will take over as chairman after this meeting. tom and i know that we leave ap in state hands with mary, who is so well respected in the industry and has shown her devotion to ap and its mission. i shouldn't be so obvious to mention that she is the first woman chair in 80's 166-year history, -- ap's 166-year history, but it became clear to us that the best man for the job is a woman. it's about time. mary, would you please stand? [applause] there certainly will be challenges ahead for gary, mary, and the board, just as th

. >> chairman kohl, ranking member corker and members of the committee thank you for the opportunity testify today on the long-term care insurance. the office of personnel management oversees numerous benefit programs including long-term cheap care insurance for federal employees and family members. long-term care is provided to people who need help with activities of daily living or need supervision due to severe cognitive impairment. it can be provided at home, and adult daycare center, assisted living facility or nursing home. most health insurance plans including the federal health benefits program did not provide coverage for long-term care services. this led to the creation of the federal long-term care insurance program. long-term care insurance is an important benefit because people are living longer and the likelihood of needing long-term care services increases with age. after 865 americans have a 76% chance of needing some form of long-term care. long-term care is provided to people under age 65 who knows help teach -- taking care of themselves due to diseases chronic cond

that are really on the defensive back foot having to cut special deals, hey, a special product via kohl'sy in the past. so you can't not deal with them or you probably face being krushld. >> although having covered m&a for so long you know more than anyone shorts especially in this name are looking at a valuation that you could argue looks stretched, right? >> $100 billion? what are you talking about? that was pretty incredible, carl. the profit margins at amazon, still roughly 1.5%, okay, that's just not very much to work with. they are in the volume game. so i think the valuation on a current p/e ratio is something like 100/80. what's amazing is like apple, amazon is a growth stock in the body of a big cap. and if we see growth retreat we will see a similar down turn in the stock. they are on that fine edge of growth and punishment. >> yes. pretty amazing chart to look at as we're talking to you. >> it's amazing, yeah. >> have a great weekend. >> great to see you. >>> when we come back the company bringing doctors appointments to your pc, zocdoc is here for an exclusive interview. >>> f

we actually sold a portfolio for kohl's. and if you exclude that, the data is even better.n consistently for the last number of quarters that our spend has been up double digit. now, some of that, in fairness, mary, is our market share gains, and so, we're growing much faster than the spend rates for the visa and mastercard system overall. >> okay. a couple of other questions. just quickly on your european exposu exposure. it was $15 billion at the end of the year. spain and italy actually was a significant part of this. has this changed at all since the last time you updated it, that being on investor day last month? >> we haven't -- it's gone up slightly and it will move based on how the markets move. rates go up, spreads go up, curves flatten. but we're very comfortable with the loss estimates we've had around this portfolio, about $3 billion in a downside scenario. >> okay. a couple of other questions. you know, there's been a lot said about who might succeed your boss. you are one of the people whose name comes up every once in a while. is this something you'd like to