previously mr russell has worked as the head of government for more than five and half years and understands all the aspects of this challenging work the group

mr. russell. >> mr. russell, thank you very much. >> proud to be. >> small caps had been powering higher. they sort of lagged here lately. but what do you think? >> yeah, they have. our call right now is when you look at large versus small, the russell 1,000 versus russell 2,000, from a valuation perspective, you're looking at small caps being more richly priced. so from that perspective, we would look in large cap space. but also from the fundamental perspective, my point earlier was there hasn't been this huge volatile swing either way in fundamentals that would justify the heights right now. it's been chugging right along, but we do think it's going to be more active management, more security selection. we're looking at the russell 1,000, large cap being up six, seven, eight-ish percent. we think coming from active management and security selection. >> kenny polcari, i think you and david einhorn might agree on this. have you heard what he said in the last hour? he put out a letter to investors and sai

previously mr russell has worked as the head of government for more than five and half years and understands all the aspects of this challenging work the group two one two record was put to a citizen of heaven is to work to the best of their strength experience and a leaky but it's not enough now pronounce it is storming back in two thousand seventy thousand dying to national positions in terms of the economy and politics absolutely unpredictable. now we need that certain measures with deep knowledge of the financial economic situations that only the country but in the world famous he has the experience of working during a time of the crisis and all the money has been used in a night out without entering a recession the whole world experience negative tendencies but we managed to stay in the clear said persuaded him to come back. there was a time when he asked for time off in a year to have to arrest that he can proceed to use the experience that he has with the who resumed business is also committed to the semi fit into the city so the parliament in a state of the deputies about the resigna

mr. russell, great job.arades after the break. stick around, it's fun! [ cheers and applause ] ♪ [ male announcer ] just can't seem to escape another sneeze attack? you may be muddling through allergies. don't get caught off guard. try new zyrtec® dissolve tabs. powerful allergy relief now in a tablet that starts dissolving instantly. new zyrtec® dissolve tabs. oh! the name your price tool! you tell them how much you want to pay, and they help you find a policy that fits your budget. i told you to wear something comfortable! this is a polyester blend! whoa! uh...little help? i got you! unh! it's so beautiful! man: should we call security? no, this is just getting good. the name your price tool, still only from progressive. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ [ birds squawking ] my mom makes airplane engines that can talk. [ birds squawking ] ♪ my mom makes hospitals you can hold in your hand. ♪ my mom can print amazing things right from her computer. [ whirring ] [ tr

mr. russell, in 1906 when you wrote that article and they threatened, what happened? you don't have the luxury, you stick with autobiographical accounts, stuck with his memoirs, letters, stuck with the written record. the record of someone who is alive, wonderful possibilities and real disadvantages. the wonderful possibility is you can talk to the person and if the person talks to you, you can get him to turn over letters, get him to tell you what happened, get the back story, the inside story. you have the possibility of his world opening up to you. on the other hand you run the risk of being accused of writing an authorized biography. i knew that seymour hersh would never admire anyone who wanted to write anything that was authorized. he has never written anything authorized in his life. people's stuff all over the place that never asks permission. investigative reporters don't ask permission. i knew i could never win hersh's respected by had to ask permission but i knew i had to try to talk to him and see if i could get him to talk. a couple years ago walter isaac

mr. russell is that he inherited it. i'm telling you, i know a lot of guys on wall street.ork mercantile exchange trying to start his own high frequency trading firm. they started from nothing that made something. they're the people that president obama should bring to the white house and tell everybody this is how you should choose. >> i like president obama's story. he came from nothing and look where he is, president of the united states. >> we never hear that. >> wrote two best sellers. i think that's a great story that should be told. >> i agree. >> great to see you. >> we didn't get your prom picture. >> i didn't go to the prom. >> we'll find out. coming up straight ahead, megyn kelly is up early for a great reason. she has a huge announcement to make. she's live here on "fox & friends" exclusively to make it. then a kid told she couldn't read the bible during a free reading period at school. does that make any sense to you? ♪ ♪ my daughter thinks i'm out of touch. so i asked her how i saved fifteen percent on car insurance in just fifteen minutes. (laughter) "idk?" w

chuck cooper, sweet water clifton, the great bill russell, and particularly magic johnson, i apologize. accordingly, effective immediately, i am banning mr. sterling for life from any association with the clippers organization or the nba. mr. sterling may not attend any nba games or practices, he may not be present at any clippers' facility, and he may not participate in any business or player personnel decisions involving the team. he will also be barred from attending nba board of governors meeting or participating in any other league activities. i am also fining mr. sterling $2.5 million, the maximum amount allowed under the nba constitution. these funds will be donated to organizations dedicated to anti-discrimination and tolerance efforts that will be jointly selected by the nba and pits players association. as for mr. sterling's ownership interest in the clippers, i will urge the board of governors to exercise its authority to force a sale of the team and will do everything in my power to ensure that that happens. this has been a painful moment for all members of the nba family. i appreciate the support and understanding of our pla

chuck cooper, sweetwater clifton, the great bill russell and particularly magic johnson, i apologize. accordingly, effective immediately, i am banning mr. sterling for life in any association with the clippers organization or the nba. mr. sterling may not attend any nba games or practices. he may not be present at any clippers' facility. he may not participate in any business or player personnel decision involving the team. he also will be barred from attending board governors meetings or participating in any other league activity. >> i am also fining mr. sterile $2.5 million, the max amount allowed under the nba constitution. these funds will be donated to organizations dedicated to anti-discrimination and tolerance efforts jointly selected by the nba and its players association. as for mr. sterling's ownership interest in the clippers i will urge the board of governors to exercise its authority to force a sale of the team and will do everything in my power to ensure that happens. this has been a painful moment for all members of the nba family. i appreciate the support and understanding of our players during this process. i am partic

mr. adami, last word? >> the russell back nicely, did it again and it's bouncing back. the transports suggest you have further room to the upside. you just don't fight it. i thought we'd make a retest back down lower. i said i was wrong a number of times, i'll say it again, but right now the path of least resistance appears to be higher. >> we'll leave it there for the time being. thanks, everybody. stick around and catch guy and the rest of the "fast money" crew coming up on "fast money" at 5:00 p.m. >>> david winters stepping up his fight with coca-cola today. sara eisen has the details for us now. >> hey, kelly. certainly, david winters upping the ante in his fight against co-ka ca-col coca-cola's proposed pay plan. he's questioning the ceo's role as chairman of the board, the dual role. winters is wondering whether it's a good thing for shareholders to have the ceo actually leading the board as well in light of mr. winters' claims that coke's equity plan is, quote, one of the most outrageous grabs of shareholder weal

russell, and particularly magic johnson, i apologize. >> pelley: but what about an apology from donald sterling? >> mr. sterling acknowledged it was his voice on the tape and he has not expressed to me directly any other views. >> pelley: reaction was swift and seemed nearly unanimous. carter evans is in los angeles where the clippers have a play- off game tonight. >> reporter: n.b.a. players and politicians watched the announcement from los angeles city hall and they got what they wanted. >> this is the defining moment in our history. >> reporter: former n.b.a. all-star kevin johnson is now an adviser for the national basketball players association. >> today stands as one of those great moments where sports once again transcends, where sports provides a place for fundamental change on how our country should think and act. >> reporter: but if n.b.a. commissioner adam silver had not acted swiftly to punish donald sterling for his racist remarks, the players were prepared to make a move. roger mason is vice president of the players association. >> i reached out to other players around the league and made

lloyd, chuck couper, sweetwater clifton, the late bill russell and particularly magic johnson, i apologize. according effective immediately i'm banning mr. sterling for life from any association with the clippers organization or the nba. mr. sterling may not attend any nba games, practices. he may not be present at any clippers facility, and he may not participate in any business or player-personal decisions involving the team. he will also be barred from attending nba board of governor meetings or participating in any other league activity. i'm also fining mr. sterling $2.5 million, the maximum amount allowed under the nba constitution. these funds will be donated to organizations dedicated to answered discrimination and tolerance efforts that will be jointly selected by the nba and it's players association. as for mr. sterling's ownership interest in the clippers, i will urge the board of governors to exercise its authority to force a sale of the team, and will do anything in my power to ensure that that happens. this has been a painful moment for all members of the nba family. i appreciate the support and understanding of our players

mr. modi. the other side, the congress gandhi.ed by russell he is much younger and comes from a family whose namee do not need to explain. a well-known family. to restore gdp growth, but he faces an uphill battle. party'sent pm and the image tarnished and the question is, will voters be able to give them another chance? the opposition, they have not been in power since about a decade ago. this is a complex election indeed and could certainly set some records. gandhit is right, rahul the great-grandson. a lot of people think this is part of a lineage. of course, modi is coming up fast. the bank of japan meets today and policy numbers are probably going to keep the stimulus intact. move to juice growth might lie ahead. that includes asset purchases, buying bonds and etf's. and the legislative speaker in taiwan says they will review a sete pact with china and off a week of demonstrations. students have occupied the legislature for 20 days. sit-in reflects skepticism over greater economic ties with china. africa has a new number one. nigeria has overtaken south africa as the largest economy on the co

chuck cooper, sweetwater clifton, the great bill russell, and particularly magic johnson, i apologize. accordingly, effective immediately, i am banning mr. sterling for life from any association with the clippers .rganization or the nba mr. sterling may not attend any nba games or practices, he may not be present at any clippers facility and he may not participate in any business or player personnel decisions involving the team. he will also be barred from attending and be a board of governors meetings or participating in any other league activity. sterling finding mr. $2.5 million, the maximum out a loud under the nba constitution. these funds will be donated to organizations dedicated to antidiscrimination and tolerance efforts that will be jointly and its by the nba players association. as for mr. sterling's ownership interest in the clippers, i will urge the board of governors to exercise its authority to force sale of the team and i will do everything in my power to ensure that happens. moments been a painful for all members of the nba family. i appreciate the supportive and understanding of our players during this process. i am pa

earl lloyd, chuck cooper sweet water clifton, bill russell and particularly magic johnson, i apologize. accordingly, effective immediately, i am banning mr. sterling for life for any association with the clippers organization or the nba. as for mr. sterling's ownership interest in the clippers, i will urge the board of governors to exercise its authority to force a sale of the team and will do anything in my power to ensure that happens. >> unless that turns out to be a fake lifetime ban like baseball handed out to george steinbrenner in the '90s and it only lasted three years. unless this is another fake-out what was announced today is an unprecedented moment in the history of big time sports in the united states. not a player, not a front office employee or a manager, but an owner. one of the bosses. one of the money guys actually being thrown out in shame. the short-term question obviously is what happens next? will the nba owners who have the power to do it, will the other nba owners vote to strip donald sterling of ownership of his team, force him to sell the team? that's the other shoe that may or may not drop. lots of the owners t

chuck cooper, sweetwater clifton, the great bill russell, and particularly magic johnson, i apologize. accordingly, effective immediately i am banning mr. sterling for life from any association with the clippers organization or the nba. mr. sterling may not attend any nba games or practices. he may not be present at any clippers facility, and had may not participate in any business or player personnel decisions involving the team. he will also be barred from attending nba board of governors meetings or participating in any other league activity. i am also fining mr. sterling $2.5 million, the maximum amount allowed under the nba constitution. these funds will be donated to organizations dedicated to antidiscrimination and toll rants efforts that will be jointly selected by the nba and its players association. as for mr. sterling's ownership interest in the clippers, i will urge the board of governors to exercise its authority to force a sale of the team and will do everything in my power to ensure that that happens. this has been a painful moment for all members of the nba family. i appreciate the support and understanding of our playe

chuck cooper, sweet water clifton, the great bill russell and particularly magic johnson, i apologize. accordingly effective immediately, i am banning mr. sterling for life from any association with the clippers organization or the in ba. mr. sterling may not attend any nba games or practices. he may not be present at any clippers facility and he may participate in any business or player personnel decisions involving the team. he will also be barred from attending nba board of governors meetings or participating in any other league activity. i'm also fining mr. sterling $2.5 million, the maximum amount allowed under the nba constitution. these funds will be donated to organizations dedicated to antidiscrimination and tolerance efforts that will be jointly selected by the nba and its players association. as for mr. sterling's ownership interest in the clippers, i will urge the board of governors to exercise its authority to force a sale of the team and will do everything in my power to insure that that happens. this has been a painful moment for all members of the nba family. i appreciate the support and understanding of our players dur

chuck cooper, sweetwater cliftton, the great bill russell and particularly magic johnson i apologize. accordingly, effective immediately i am banning mr. sterling for life from any association with the clippers organization or the nba. mr. sterling may not attend any nba games or practices. he may not be present at any clippers facility, and he may not participate in any business or player personnel decision involving the team. he will also be barred from attending nba board of governors meetings or participating in any other league activity. i am also fining mr. sterling $2.5 million, the maximum amount allowed under the nba constitution. these funds will be donated to organizations dedicated to anti-discrimination intolerance efforts that will be jointly selected by the nba and its players association. as for mr. sterling's ownership interest in the clippers, i will urge the board of governors to exercise its authority to force a sale of the team and will do everything in my power to insure that that happens. this has been a painful moment for all members of the nba family. i appreciate the support and understanding of our players d

russell and particularly magic johnson, i apologize. according accordingly, effective immediately, i am banning mr. sterling for life from any association with the clippers organization or the nba. mr. sterling may not attend any nba games or practices. he may not be present at any clippers facility and he may not participate in any business or player personnel decisions involving the team. he will also be barred from attending nba board of governors meetings or participating in any other league activity. i am also fining mr. sterling $2.5 million, the maximum amount allowed under the nba constitution. these funds will be donated to organizations dedicated to an - anti-discrimination and tolerance efforts that will be jointly selected by the nba and its players association. as for mr. sterling's ownership interest in the clippers, i will urge the board of governors to exercise its authority to force a sale of the team and will do everything in my power to ensure that that happens. this has been a painful moment for all members of the nba family. i appreciate the support and understanding of our pla

mr. [ bird screeches ] >>> and we are back. a hollywood take on the story of noah's ark starring russell crowe has grossed tens of millions of dollarsver the past few weeks, and in northern kentucky a huge replica of the ark is due to be built along with a christian theme park. in today's "meeting america" segment, kevin tibbles tells us why there's enthusiasm but also skepticism about a large display of faith in the public square. >> reporter: the season of renewal has arrived in the foothills of the eastern kentucky mountains. here in williamstown, with its 4,000 people and two dozen churches, they like to call it city close and country quiet. but there is a buzz in the air about a proposed construction project of biblical proportions just up the road. >> i think it's huge. i think people would definitely come to see that. >> reporter: as she studies her bible over a morning cup of coffee, kelly eisler is clearly enthusiastic. >> you think this never happens, so the fact they're actually making it into something that is real life for us, kind of opens up that imagery of wow, this actually happened. >> reporter: it is noah's ark. n

chuck cooper, sweetwater clifton, the great bill russell, and particularly magic johnson, i apologize. accordingly, effective immediately, i am banning mr. sterling for life from any association with the clippers organization, or the nba. mr. sterling may not attend any nba games or practices. he may not be present at any clippers facility, and he may not participate in any business where player personnel decisions involving the team. he will also be barred from attending nba board of governors meetings, or participating in any other league activity. i am also fining mr. sterling $2.5 million, the maximum amount allowed under the nba constitution. these funds will be donated to organizations dedicated to anti-discrimination and tolerance efforts that will be jointly selected by the nba and its players association. as for mr. sterling's ownership interest in the clippers, i will urge the board of governors to exercise its authority to force a sale of the team, and will do everything in my power to ensure that that happens. this has been a painful moment for all members of the nba family. i appreciate the support and understanding of our

inspector general for tax administration, russell george had not used term targeting referring to how irs treated conservative social welfare groups. the post article noted mr. george specifically stated in his testimony to congress that the irs targeted specific groups. i'm quoting now, applying for tax-exempt status. it delayed processing of thieves groups applications and requested unnecessary information as well as subjected these groups to special scrutiny. and that end quote. and, given that the post article and the confusion around recent statements that you have made on this top i can i want to give you an opportunity to correct the record. and the question i guess specifically, do you agree that the treasury inspector general for tax administration has found that certain conservative groups are targeted for extra scrutiny by the irs? >> i appreciate the opportunity to cented record. it has been intriguing to me it has become this big issue, tempest in the teapot. what i said in my testimony which seeps to have triggered this, was that the inspector general's report last may in his findings said that he found inappropriate criteria were used to sele