well, let's s put it right back over in here. i'm gonna take a baseball, and i'm gonna put the baseball right here. and i'm gonna let the baseball sink a little deeper to here, and then finally to here. this is position "a," position b, position c. i got a question for you. at which position, "a," b or c, does the baseball experience the greatest pressure? c. check your neighbor. c. because it's deeper. greatest pressure. how many say it's c because it's deeper? how many say, "no, it's a trick question, hewitt. it turns out to be the same at all positions." show of hands. good, good. wonderful, wonderful. let's try this question. at which position, "a," b or c, does the baseball experience the greatest buoyant force? - "a." - check the neighbor. force down is smaller. also the force up-- what's the answer, gang? "a." how many say same everywhere? show of hands. well, let's see who's who. let's pass a piece of paper around. how many people say, "no, it turned out "the buoyant force can be greater at c because it's deeper?" show of

. >> let's s go to kim vanell and find out how they aresponding to what's going on. kim? >> reporter: jane, we have heard from the acting head of the presidential administration and from the justice minister reiterating the government's position that it believes that this referendum is illegal and both of these officials came out and said they believe this is no more than the actions of what they called murderers and terrorists trying to cover up criminal activity. they went on to say that the prosecutor general has warned city council members in the eastern regions that they will be held criminally responsible for their actions to do with this referendum. they went on to say they believe that in the coming days, representatives from the east or self appointed representatives will come out and give some fake results and they also mentioned that they believe no more than two-thirds of people in the territory have not participated in this referendum. we have heard in recent days from interim president. he said that a vote for independence or independence in the east would b

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pretty good for office space and reading space for good times so my question is did we consider letting c h s not be the main nonprofit for the space son the side did we consider other options rather than, you know, paying us back for the price discount in the beginning. >> yes. tracey again, the problem is again with our restricted roll in the first obligations and see what the language says it didn't allow us to do what our suggesting it's specific to c h s and it's an incentive to changes to the c h s tendency but not allow for the subject e subsequent land use over the space but specific to the c h s land use lease so through the dissolution less than we were required to content to the change and also given the fact in the past under the lda which is the enforceable obligation there's a connection between the money referring to the first obligation so we justify that but if we did anything in in addition it's a like a new exertion of authority. >> if we don't content what happens. >> if we don't content happens great question commissioner ellington. >> what happens is nothing c h s - righ

pretty good for office space and reading space for good times so my question is did we consider letting c h s not be the main nonprofit for the space son the side did we consider other options rather than, you know, paying us back for the price discount in the beginning. >> yes. tracey again, the problem is again with our st

let's check it out. n.a.s.a.'sration icebridge is an airborne issue mapping changes to the arctic and antarctic. greenland. >> here we have to make our own dinners, and after a few hours of flying you work up an appetite. not bad. there are few feature comforts in this p3 plane, but it's business as usual for the scientists that spend eight to nine hours a day, six days a week, in the air. operation icebridge began in 2009, after the satellite ice sat stopped functioning. with the next satellite ice sat ii not due until 2015, the airborne missions fill the gap and they take measurements that are impossible from space. >> we fly four different radar systems, allowing us to map the ice sheet from centimetre resolution at the surface, down to the bottom of the ice sheet. >> that doesn't happen on the satellite. if we could do this from satellite it would be helpful. we can't fly the radar from 600km off the surface. >> the moment powerful of the radars isthe m cords. >> it basically is designed to penetrate through mu

let's s? rv -- covered. why would you pay for a hotel? i never do. motorcycles -- check. atv.o. boat. ahoy, mateys. house. hello, dear. hello. hello. van with airbrushed fire-breathing dragons. ah! check. thank you. the more you bundle, the more you save. now, that's progressive. i'm d-a-v-e and i have copd. i'm k-a-t-e and i have copd, but i don't want my breathing problems to get in the way my volunteering. that's why i asked my doctor about b-r-e-o. once-daily breo ellipta helps increase airflow from the lungs for a full 24 hours. and breo helps reduce symptom flare-ups that last several days and require oral steroids, antibiotics, or hospital stay. breo is not for asthma. breo contains a type of medicine that increases risk of death in people with asthma. it is not known if this risk is increased in copd. breo won't replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. breo may increase your risk of pneumonia, thrush, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before tak

and let's go to kron4's jacki so who is on 18th street.and this one to go, out of san francisco from 68 to end street. of all the way down of pennsylvania is one to the goals. of all weekend long. in the alternate routes to get around that probably the events to 83 of it with have a developing story out of santa rosa says kron4's will tran as a live at the court house with the details. it's this is going to be a tricky because she says she did not talk touch him but there are pictures of his neck. if the >>: and she says she never a little hands on the board. she city as i walked up to him. i told him if knock it off but she says that's where it ended but the voice says he ran of to the teachers after words showed the teachers and mark the police department can now. they took photos as well. and the investigators said yes we did see something on his neck and that resembles a hand print so it depends on who you bellatrix we do know that he will be in court two hours from now grid for his 30 years old. his name is daily and garcia, a graduat

let's make s

let's look how stocks are finishing up. kind of a mixed bag. it is not terrible on the downside. we do have the nasdaq in the green. cheryl: you got the s&p,. let's talk about frond page headlines we've got right now. commerce department said spending grew .9%. that is well ahead of forecast wall street put in. david: number of people filing first time jobless claims unexpect ledly rose last week. labor department reported number of claims increased by 14,000 to 344,000. cheryl: shares of t-mobile us, the company shares surging. adding 1.3 million customers but the company had quarterly loss as higher costs outpaced revenue. david: ford chairman, bill ford, officially announced that the automaker's chief ratingds wille next ceo. he will be replacing alan mulally at the beginning of july, six months earlier than expected. >> big story today. also general motors appears to be shaking off the recall blues. gm said sales rose 6.9% in april, with the buick brand gaining 12%. "after the bell" startings right now david: let's get right to today's action. we have joe bell, schaefer's investment research senior equity analyst. he will tell us why it

let's put the longer term picture. this is the s&p 500 utility sector. look where we are. meaning the action right now the ip applies a breakout above the 2,000 top, the 2007 top. just a textbook conventional buy juncture. a few other things that puts this in perspective. this is the sectors waiting in the s&p. there are ten sectors that comprise the whole. utilities are right now at roughly 3% whereas on average, since 1990, utilities are roughly 3.75% of the s&p. so this would suggesting that two utilities relative to the rest of the market are underweight. one other thing that might be relevant. yields. these are bond proxies after all. the current yield on the sector is 3.65%. a ten-year treasury is 2.47. that ratio is 1.43. you're paying -- you're getting a lot of yield relative to what you should get out of utilities. this is a good place to be. if there's ever a market selloff, utilities act better than equities in general. >> carter, listen, we've done a million charts together when you look at those uptrends. to me you're trying to get maybe the last buck or two o

let's up a little bit. by sunday morning becoming off shore. that is what isbh1ov going to s up here.hat, bets are off, :%t9rgg mid weekcxu)ufoo hot conditions expected on." wednesday. close to a hundred degrees inç spots tomorrow morning. high clouds on the cool sidethñ into tomorrow jfçw3 éñafternoo and breezy.ç 69 redwood cityym andijú menlo. holding temperaturk3÷ down intos upper 50s. and in the north bay, 50s coast side. napa, 74 degrees and a lovely day in the eastym bay but breez. inland spots about where you pzáp).t(s 74çó w,1 her new book has important lessons starting with our health. >> the more we take care of our own human capitol the more effective we're going to be in our work. the more creative. and the more able to notice the red flags and opportunities you may otherwise miss. >> abc7 is a proud sponsor of the event. it takes place tuesday and for more information just go to abc7 news.com. >> up next, she's an internet cat star. where you can meet, and shake paws with little bub this weekend. >> then, the reason these teens decided to wear surgical masks to their

of the rejecting the requests and ask for your denial of at&t and rebuttal 5 minutes >> so let me begin with the s m f order didn't request that at&t submit multiple applications people's 3 at the beginning of the process, in fact, at&t has never done that the department has approved over one hundred and 80 permits to date all of those were submitted in the at the same time and the department ultimately paragraphed it the adapt has a changed it's mind about how to change the process and is not following its own rules and the process that the hearing officer didn't rely upon himself i suggest improper i'll make a couple of points the s m f complaints the parties have not submit more than one location go it is what it says to notice to the residents on page 7 of the s m f order if there's more than one acceptable location for the face mounted facility the locations will be listed well obviously there contemplates on one proposed location as in one hundred and 80 permits the department has already approved. and second i understood respondent to claim that he e it would be improper to have the approva

but the s&p, well, guess what, it's still near its record highs. so will it be the next to fall? let's find out. dana than, we are talking about how much we seen 30 pockets in the market really fly. the s&p is really -- >> it's potentially troubling. it's not right now. it seems the last 24 hours, traders were staring at the moving average in the s&p 500 and it just wouldn't break. what did it do late in the afternoon? it popped. so really on a week that didn't see a heck of a lot of movement. we basically closed the week where we started it. yields got failed some to me, with the vehicles closeing where it did on the lows of the week. i think the move in bond yield, really, if you want to get a sense where risk is, it was there. the largest index options trade on the day happened right on the bell t. trader bought 15,000 o. vicks september 31 call spreads for 70 cents. between 2170 and 30. that's a possible trade on aspirations. that's one trader reaching out, saying risk is cheap. i don't know. >> the mark by the s&p is virtually unchanged. can you say, if it's unchanged over the las

let's not forget the s&p 500 which is coming off a two week decline.l to remember something interesting, 76% of the s&p companies that have reported earnings have beaten their numbers. let's get to the floor show. hi, ben willis. on this monday things just feel more springy and happy, but are we getting sucked into something that could more dangerous or are you okay with this rally? >> i'm okay with it. maybe some of the other indices have not followed. last time i was on, i was talking about the russell 2000, the s&p 600, those are the small cap indices that have been giving you the signals very early, and again this morning they gave us that indication. but hi think more -- i think more importantly for the psychology of the marketplace as we were down early at 9:30 because of the overseas selling pressure we're seeing, we had a comment from the head of mastercard saying that they're seeing a pick up in purchases that will outpace the first quarter. that, i think, was probably the biggest psychological boost to this market that allowed the market to c

let's look and see how stocks finish up. is it a record for the s&p?minutes. right now with a gain of half a point, sure looks like it. dow jones industrials, up 19 points. today it was nasdaq and russell that were struggling again, overall very thin volume. not a lot of conviction behind this rally. david: remember, how much they added on yesterday. it was up over 2%. huge gain in the russell. they still haven't lost all gains from yesterday even though down day today. front page u.s. headlines. liz mentioned sales barry rising. commerce department says they only increased .1%. the data raising new doubts about an acceleration of economic growth in the second quarter. liz: american households racking up an additional $129 billion of debt in the first quarter, mainly because of home loans.

sue, down to you. >> let's look at the s&p. it briefly turned negative a few moments ago. it's back up a little bit. we're going to keep a close eye on that after it hit 1900. when we come back, sky-high valuations, is there a tech bubble brewing in silicon valley? josh lipton is in san francisco with some of the top venture capitalists and innovators. hi, josh. >> hey, sue. yeah, dc firms from an degreesen horowitz, they are all here, venture-scape in san francisco, panels, discussions, but the big question before the house, is there a tech bubble? silicon valley? we'll have that story for you when "power lunch" returns. (mother vo) when i was pregnant ...i got lots of advice, but i needed information i could trust. unitedhealthcare's innovative, simple program helps moms stay on track with their doctors to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare. take it on the way you always have. live healthy and take one a day women's 50+. a complete multivitamin with 7 antioxidants to support cell health. age? who cares. >>> the stock is

what is going to happen is -- >> let me explain to you how -- you are to beat the s&p. you've been investing. let me explain how investing works. you need to beat the s&p. i don't know when the s&p returned 30% last year and a fund returned 3%? they go out of business. so that's how fund investing works. you need to gain alpha. >> i'm glad you could present the strictly retail view. i'm coming at it from a professional -- >> it is not retail. >> -- all day long, if we look at somebody who is fundamentally value investor or looking at stocks with companies with real assets like a chevron, and next month we see them in yelp, we're putting in our redemption notice. >> you also held on to apple from $704 all the way down to the 3s. i hear you on value. >> hold on to apple. >> the people you're talking about -- you can't -- this is a balance sheet. >> he's a great prognosticator of the past. thank you. >> thank you. at least i have expertise somewhere. >> right. when you find it, let me know. >> okay, okay. you'll be the first one i tell. >> thank you, steve. >> thank you. >>

seeing modest gains, that was enough to see it at an all-time close, the nasdaq and s&p finishing a little lower. let's look at the markets. the dow gains 32 points, closing record high of 16,583, nasdaq up on the momentum stocks and the s&p added a modest two points. >>> allergan shares mayóÑÑyóÑ'1a $46 billion takeover from ñr valiant pharmaceuticals. they could turn down the offer as soon as monday. if that is the case it would be a big blow to allergan. >>> lot of talk today on wall street about a cross border mega merger in the advertising world that was just called off just as the fate of two other deals hang in the balance. the business world may be flatter. but rising sensitivities may keep the deal from getting money, mary thompson has more. >> reporter: when they announced the merger vehicles last july they expected their size and scales would help them to compete with google in the fast digital world of advertising. nine months later, omnicom ceo said the products took down the deal. >> if i summarized in a tweet, it would be corporate, and time. >> the ceo maurice levy had a different take

let's lead with target s ced chairman quitting, then i'll ment apple-sams >>> the boss is out at target. >> financial reporter jason brookes. >> target has been successful in the past but this massive data breach determined what was going to happen to future management at the company and ceo greg resigning his post after that breach affecting millions of customers and keeping a lot of its customers away. target sales have been falling in recent months. it was criticized heavily over rather sluggish handling of the data breach. target shares down over 2% after that move. apple shares flat this morning following the friday afternoon jury verdict that awarded $120 million from samsung in the massive patent case that was well shy of what apple wanted and in large part, it was victory for samsung. apple is flat this morning and overall, the market offers very rough start as tensions in ukraine rise. got heavy fighting and a threat right around the corner. that's weigh on investors. down by 28 s&p off by 12 opponents. michelle and frank, back to you. >> thank you very much, jason brooks. >>>

let's move on. >>> los angeles clippers. >> l.a. clippers owner donald sterling may dig in his heels about the sale of the team. \she franchise if this turns into a long, drawn-out legal battle? let us bring in sports attorney darren hydran. donald sterling is a lot of things. we've learned that in the last week or\s. but what he isn't is afraid of a courtroom. do you think he will fight this thing? >> from the people i've talked to who have spoken to him in the past, it is not hard to assume that he will fight this. it would be very easy for him to just sell off the clippers right now. we see that there are a variety of potential suitors, including floyd mayweather, david geffen, oprah winfrey, et cetera. but it looks like there will be a long, drawn-out battle between donald sterling and the nba. >> can you quantify to what degree the value might diminish if it was dragged through the courts? >> it is interesting. actually, if it is dragged through the court it may allow continued publicity to the selling process. we may see others come out of the woodwork and express interesting in selling the team. it adds to

s&p 500? we talk about the euro. let's talk about the pound. labor market data. inflation report. see pushey speaks, to back against expectations of a rate rise? he may not do that. the pound could well go higher. >> let's keep an eye on those markets. investors will be all ears to what governor carney has to say a little bit later this morning. j.p. morgan asset management joined us and she sounded up -- she summed it up. >> the bank of england may well be the first major central bank to raise interest rates. >> joining us now for his take is the global head of equity trading strategy over at citigroup. stephanie was saying the whole world will be looking at what carney does. we are on a divergent path in terms of where central banks are. how important is today? it should be important. he started by talking about -- today will be a good opportunity for him to backtrack from that a little bit. he is putting it on the table to make the market more comfortable with it. but look att avoid dollar-sterling and euros-sterling. they are racing ahead. it is what threatens the bank of engl

taliban her s let me start with you, david, do you believe in sub 7% china growth? >> eventually.think it is something we will see this year, next year, even perhaps in 2016. but by 2020 we will be on slower growth past demographics, and among the other things we will be playing a big role in. the main difference to focus on is to think through what is the big difference between rowing at 6%, seven percent for today's china, what is the dollar delta that you get for that compared to six. >> you spend a lot of time working in foreign exchange. the litmus paper of the market, the big shock for all of us has been the reminding movements. about theina saying manipulation of their currency? around andgone talked to a lot of clients, and some of the feedback has been .hy is china devaluing its way it is not devaluing and it is not a hard landing. we disagree with it. two-way creating a market, creating a more normal currency. the slowdown is orchestrated, managed. it is not by accident. the dollar china to be in a range. it is a more normal currency than it was before. >> getting people

karl cameron is here tonight with the latest on the primar s primaries. let's start in north carolina. kay hagan there, we know who she is going to run against now. >> she's in trouble. the candidate she least wanted to be running against is the one she's facing and that's thom tillis. tillis needed 40% to avoid a runoff and he got 46%. he was endorsed and supported by a big part of the establishment mainstream in the republican party including jeb bush, who's eyeing a white house race. and the other candidates weren't able to get anymore close. the tea party candidate who was endorsed by rand paul was beaten by 2 to 1. the social conservative mark harris was beaten worse than that. he was endorsed by mike huk dee. a lot of presidential in this. a big win for jeb bush. >> you're not forgetting about the "american idol" candidate. >> clay aiken is still in it. he leads the results, he's up 372 votes. neither side is claiming victory. they say they are waiting for the dust to clear. truth of the matter is, this is a very republican district and the republican inc

let's look how stocks are finishing up. kind of a mixed bag. it is not terrible on the downside. we do have the nasdaq in the green. cheryl: you got the s&p,. ve got right now. commerce department said spending grew .9%. that is well ahead of forecast wall street put in. david: number of people filing first time jobless claims unexpect ledly rose last week. labor department reported number of claims

but, guys, between all the acrimony, let's not forget about the trade because "options action"s fans t will they do with tesla now. >> hopefully they can make up. >> all right. let's answer that. carter, we've got to go to you. what does this tell you? >> it was violent, quick, and bloody. this is the trend line and there's the break. what matters from my point of view is this and this. this moving mechanism. we closed today on the average around 182 in change and when we would use today's low as your walk away point which is 177. if this doesn't come to life now, it's ore, walk away, but we would give it another hour, another few points. give it the average. after that, you've got a bigger problem. >> what do you do, mike? >> we're at taping point. one of the reasons we put this call on in the first place is from a fundamental standpoint it seems awfully challenging to change the stock at those lofty valuations and still has. the good news is we lost obviously lost a lot less than we otherwise would have. i think i'm with carter on this. we'll wait and see how this resolves itself, w

. >> tyler, let's tack more markets, the s&p hitting a new record high despite the volatility in this month. the momentum names are rebounding as well. is this a good sign for stocks as we go into a new month? jean perani, and hugh johnson is chief investment officer as hue johnson advisers. great team to have with us today. gene, i'm going to start with you. you say this is the rodney dangerfield of markets, even though we keep hitting new highs, everybody is still skeptical. >> it's unbelievable. this market has been making new highs for years, yet commands no respect really. just two weeks ago we were hearing the market is dangerous and frightening. here it is making another high, but not just that it's making a new high, sue. the technical qualities of this market advance i think indicate a very sustainable move to much higher levels. >> so, hugh, do you agree with that? i know you were somewhat worried about some of the signs that you were seeing in this market and carbly optimistic. >> if you look at the trend in the stock market whether it's the s&p or the dow, that's very -- y

the market is opening lower after a record close for the s&p yesterday. let'sk at the big board and see how we're doing. dow dropping 22, nasdaq down by 3, s&p flat after a record close. back to you guys. >> all right. kcbs radio's financial reporter jason brooks, thank you. >>> the first gold coin from the treasure-trove found buried in the sierra foothills has been auctioned off. >> and on display. it happened at the old san francisco mint where the coins were originally made moons ago. kpix 5's andria borba was there. >> reporter: what started with a hike in the sierra -- [ auctioneer ] >> reporter: -- ended with the flip of a paddle and a sale. >> this is the largest burial find in history. >> reporter: you have probably heard the back story a couple sees a glimpse finds a can and in this case this old can. >> the top pops over and they see the pot of gold. >> reporter: the romance and intrigue of the california gold rush doesn't end there. >> they reburied the coins in an ice chest. >> reporter: the coins in mint condition are from the old san francisco mi

let me show you what u.s. futures look like early on. the s 500, the nasdaq and the dow are all seen opening higher, just a tad. but at least it is some form of stabilization, a bit of a bounce back after yesterday's heavy losses. the dow was down 0.8%, the s&p down 0.66%. small caps once again bearing the brunt of the losses, down by more than 1.5%. the losses on the main markets really being led by retailers after we got those disappointing numbers from the likes of home depot and staples. today all eyes on the fed minutes, of course. all right. let's have a look at european markets then. we are pretty flat here in terms of european markets. want to show you the individual market one by one. we are seeing underperformance in the french markets with the banking stocks leading the decliners on the back of that bnp speculation about a huge fine as big as $5 billion coming from the doj about the bank violating u.s. sanctions, the cac 40 off by 0.3%, the ftse 100 off by 0.2%, despite the fact that uk retail sales came in much higher than expected

let's say that interest-rate s stay where they are the rest of the decade. what investments should you be in the rest of the decade? >> we remain bullish on stocks. we will be starting to look at international investing, probably at about six months to a year. i just came back from a five-city tour of china and got a lot of great input from southeast asia. equities first, adjustable rates, fixed income instruments, anticipating the longer-term rates slowly go up will be the second choice. and we probably continue to avoid the hard comedies. -- hard metal commodities. we love the dividend growth stocks. we like companies that have broad exposure, have the ability to maintain profit margins, and are in position to be able to take and meet global mega trend demand, whether food, water, cyber security, health care, energy, many outstanding opportunities on thematic-based investing. >> emerging markets outside of the united states, something may go wrong? >> if we look at the many different countries, if we aggregate them together, leaving china outside or put ch

let me just show you here. you have to go back to the 1960's. let's go to the next slide. you should always ask if you aren't in an economics class, don't let anybody tell you what the average is. that is like you ought to be able to put one foot in boiling water and one foot in freezing water and feel just right. [laughter] [applause] the average is great. what you want to do is put your foot in the median water, the one between a hot and the cold. here is the most important thing. the typical way income is in quintiles, the lowest to the highest. shows you why president reagan only had 77,000 people move out of poverty. in income -- now these are but they are within a tighter screen. the bottom quintile averaged .7% increase in income. the second, seven point eight percent, the third, 9.7%, the fourth 12.2%, and the top, 22.7%. keep in mind all these people over here started with higher incomes in the first place. but the point is, you do not economicave unequal growth. you can have broadly shared prosperity, but it requires policy. you have to have a deliberate strategy

and dpw acted correctly i ask the board to uphold that decision for if this board will let at&t to follow the correct s m f order >> next speaker >> good evening, everybody i'm curious stone the executive director of san francisco beautiful i want to thank the president and staff and public for their times and thank you for your efforts to protect the cities right to dedicate time place and manner of those facilities. san francisco beautiful is interested in protecting san francisco spaces and we sued san francisco and at&t seeking environmental review opposing the category california exception for this reason in specific you'll all seen hundreds of protests and doris of appeals. we look forward to hearing the result of the state court on the decision of for our appeal but we look forward to working with at&t and the department of public works and the board of supervisors to find a solution to make that process workable. and to hopefully, we'll have the opportunity to address the questions you've heard from the neighbors why can't they go underground why aren't there more on public property. we hopeful

>> first of all, let me make clear in the 1930's the new deal depended directly of the laborers of toogressive republicans the most important senators to of the three were republican they were mavericks'. online from nebraska a visionary or a godfather and other environmental projects. the other is spun my adopted state of wisconsin who was critical to join the democrats with the legislation to pave the way for roosevelt to understand what it was coming up to put them into the four freedoms. i think the democrats have no monopoly. i tried to make clear it is in my book very clearly that loss is not by the way of others to deny them but the unfortunate story of democrats for getting those from jimmy carter i see them as having no monopoly. maybe with clear channel with those as ultraconservative that we talk about the ideals of those freedoms ready to take up the crusade and with that 9,000-mile track to year when americans had to say is to echo the four freedoms in this past summer my wife and i finally drove a truck back across south dakota it was one of the spiritual high points of

let's read what irving j. cobb, irvin s. cobb, unser, wrote about henry johnson. let's find out. here we go. page 124. this came out in a newspaper 1918. if ever proof was needed, which is not that the color of a man's skin has nothing to do with the color of his soul, he was offered an abundance. they were soldiers who wore the uniforms with smart pride, expressed a sincere heartfelt inclination to get a whack at their phone. -- foe. as a result of what a black soldiers are going to do in this war, a word that has been uttered billions of times, sometimes in derision, sometimes in hate but which i am sure never felt on black eaters, but they left behind a sting for the heart -- black years under in ears. here after it will merely be another way of spelling the word american. well, obviously that's controversial now in this politically correct culture. and hey, you know, whatever my feelings are about political correctness, i'm going to be damned if i send to the past but that's how people talk. that's what it is. so it is out there vivid, horrible imagery, horrible words, horrib

an ever present spokesman for nato, explaining what nato was doing especially throughout the 1990's. letme start and i will start with ambassador ischinger. to this decision, this fateful decision in january of 1994 to begin this partnership for peace. many picksy, as suggested at the time, as ms. fact has whatr in has happened in ukraine proved that it was prescient and necessary? >> margaret, thank you for bringing us all together here. i think this is a wonderful opportunity. know, ifs that, you one imagined a world in which we had not taken these decisions in 1994 and then going forward a few years, the first round of nato enlargement, where in fact poland was invited in and two other countries, and the subsequent enlargement runs, if we had not done that, what kind of chaos could possibly exist in europe today? evenuld have continuing or 's of division in europe, the very idea was that how could we , thet the interests claim, the aspiration of newly independent countries like our immediate neighbor to the east, poland, can we be part of our club? what would have legitimized us to sa

probably as well once this is -- if this is approved, also be showing [inaudible] to let the public know and we've also informed s f travel that this is happening. >> have they weighed in on this one? >> i'm not aware of their position on this issue? >> thank you, members of the board? director ramos. >> excellent report. i want to thank all the speakers who came out. i'm supportive of this idea. i think i like director heinick and rubke's direction of allowing for taxicabs or some kind of regulated driver to be able to navigate the system for those who can be the walk or -- i was going to ask about bicycles. if it would be still be available to bicycles. you know, i'll be honest. that's the most fun i've had going down that street is on a bicycle. >> which direction were you going? >> down, obviously. but i still think that we can do it. we share streets all the time when we open them up for pedestrians and restrict them to cars. any sunday streets event we have, healthy saturdays in the park, there are still some cars that are allowed through that mix it up with pedestrian bs and bicyclists in a very safe way.

let me just show you here. you have to go back to the 1960's. let's go to the next slide. you should always ask if you aren't in an economics class, don't let anybody tell you what the average is. that is like you ought to be able to put one foot in boiling water and one foot in freezing water and feel just right. [laughter] [applause] the average is great. what you want to do is put your foot in the median water, the one between a hot and the cold. here is the most important thing. the typical way income is measured is in quintiles, the lowest to the highest. so this shows you why president reagan only had 77,000 people move out of poverty. in income -- now these are averages, but they are within a tighter screen. the bottom quintile averaged .7% increase in income. the second, seven point eight percent, the third, 9.7%, the fourth 12.2%, and the top, 22.7%. keep in mind all these people over here started with higher incomes in the first place. but the point is, you do not have to have unequal economic growth. you can have broadly shared prosperity, but it requires policy

you can follow us on twitter -- at c-b-s s-f let's get a check on our traffic. toss traffic toss traffic toss traffic >> follow us on twitter at #cbssf. >> what's it like to grow up in the white house? >> must be crazy. >>> we have a traffic alert in oakland where all the folks are heading out of the caldecott tunnel approaching the broadway exit. it's involving a motorcycle and now there's likely injuries involved, as well. so again, we are seeing a delay from maybe even kind of the middle of the caldecott out to just past highway 13 on the road sensors. one lane remains blocked until further notice. the accident was reported about a half hour ago now. and if you are continuing through the bay bridge, it's already backed up into the macarthur maze. they turned on the metering lights early. there were no incidents but they turned them on at 5:46. a 20-minute wait to get on the span. no weather-related advisories or incidents that impacted the commute. just all those folks trying to get to san francisco right now. san mateo bridge traffic still moving nicely. 14

just quickly we know the s&p is basically unchanged on the year. let me switch to red, and you have that versus the home builder etf, masco, fortune brands, beacon roofing, la-z-boy, this is disaster. this is year-to-date performance and again this week, not getting any lift as rates continue to go lower. let's talk about home depot. this is a big asset, second biggest retailer in the united states, and it's an intersection of a lot of different things. it speaks to employment, speaks to housing, it speaks to home improvement, and if one likes to draw trend lines, you can't draw any more precise trend line than that and you can't call it anything other than a break in trend. this has been responding to the trend line perfectly for the better part of three years and over the last six, seven months, we have clearly left the direction we've been in. now, you can draw it this way. you can draw it this way. i would call it a well-defined bullish to bearish reversal. the implications are, of course, that you have great risk of breaking here from these lows a

s sausalito. now let's get you back to the forecast. and the thing for tomorrow that we are going to be tracking is this trough of low pressure off to the north with cooler air associated with it and high pressure to the south. with those two systems so close together we are certainly going to have wend in the forecast again for tomorrow hoping to aggravate that pollen. as that trough of low pressure scoots more to the south for tomorrow we'll find clouds increasing and cooler weather at the coastline for thursday. and then here's the thing. saturday's forecast. we've got remnants of what is hurricane amanda right now. a category 2 storm. that storm will break down, but we actually could see some small pieces of energy from that storm system make it up across california. we're not looking at any kind of tropical landfall, but a 20% chance -- yes, it is very small, but we are tracking the chance that we could get showers this saturday. we'll have more on this forecast anytime on nbcbayarea.com. >> a hint of rain. >> a hint. >> 20%. m it'

review the russell two thousand graph now you see the drop you can definitely see that but now let's pull up the s. and p. over the same period. or let's not. ok. now you can see right there looks quite different quite different so as to what is the story here what's going on so basically what's going on is people are rotating out of the russell two thousand so we've had three hundred percent gains in these small cap stocks we're talking those companies like athenahealth or right which are much smaller than s. and p. five hundred companies and they have seen monster gain since the lows in march two thousand and were simply. higher dividend yield you get more defensive so people are rotating out of the smaller cap into s. and p. five hundred doesn't mean this is the market is going as a whole is going to go down but there is that concern in the question because you know is the broader economy suggestive of weakness that would cause you to have these consequences and so for i think you know when might consult it but you know you could go to march after ok so you know investors are point out of junk