mr. johnson: i thank my colleague for yielding back. at this time i'd like to yield some time to our chairman from texas, mr. smith. mr. smith: madam speaker, i thank the gentleman from ohio for yielding me time. as chairman of the science, space and technology committee, i'd like to focus my remarks on the role of science and technology in the republicans' all-of-the-above strategy. we have two responsibilities. the committee oversees $8.5 billion of the department of energy's research and development funding. if we want to ensure that americans have access to the affordable and reliable nrming they need, we must strengthen -- strengthen d.o.e. scientific research programs and integrity principles. and that is what we intend to do this congress. as part of this process, the science committee expects to re-authorize the america competes act. the central component of that legislation is $5 billion to the department of energy office of science, which maintains world-class research facilities through the national laboratories. the office al

mr. johnson? >> i'd be happy to start. in terms of testing for their effectiveness, they are tested almost every day with pg&e service territory we probably have 80 electrical outages every day. we have opportunities to test our emergency centers on a regular basis and in fact there's an emergency center open today just for some of the work that's happening throughout the service territory. so in terms of just our effectiveness it's something we do each and every day, unfortunately it's something we do every day but at least it's there. our infrastructure, we don't want to have outages, we design so we minimize that damage but we always know there will be things mother nature throws at us that we can't design around whether it's an earthquake or a major storm. we get challenged with major storms throughout the service territory so it's not unusual that a major storm comes by every year and takes out about a fifth of our base. we have service responders on our own teams well in excess of a hundred a year. in terms of prepar

mr. johnson lost? >> oh, simon shareholders are certainly not the only ones pays the price, while shares have lost 51% during johnson's 17 months at ceo, it's cost him dearly as well. with the help of executive compensation data firm, during his time at j.c. penney, the total take hoff cash, 2.1 million, the total other comp nearly 402,000, total value, he holds outright, about 14.2 million, making his total take-home pay in 2011 and 2012, 16.7 million, but simon, then there's the 50 million in warrants that johnson bought, with a strike price of 29.92, that cannot be exercised until 2017. currently very out of the money, so assuming that no value is realized on those warrants, johnson effectively lost 33.3 million in his time as ceo. we do know that the interim ceo, mr. mike ullman will be making $1 million as his base pay. tyler, back to you. >> court, thank you very much. what does the returns ceo, mr. ullman, the million dollar a year man have to do in the next 100 days to fix j.c. penney? the timer

mr. johnson and the stock price for jcpenney.as a genius when they hired him. a year or two from how they'll think he's a genius again. >> it will be a bit longer. he also went onto say he believed the stock could be as much as a 20 bagger. means it could go up as much as 20 times in value. it has gone down sharply since. >> biggest statement since that. you will have to live with it a year after the fact. we were trying to find only sound of when johnson was originally on our show and remember he took the stock to 42 in the early days when there was a lot of hype around it. >> great deal of excitement about it. the strategy was questioned by the likes of mr. a krckman. they both came in. now we have mr. johnson back. some wonder, well, you can't just go back to the plan you had before johnson came in. there was a great deal of euphoria, wasn't there? >> when they said to him, when reuters asked him what to do, he said i'm going to get the team together to find out what is working. if someone said we've got it wrong, maybe the st

mr. johnson was shown the door.ave a severe cash flow problem, and i heard jay margolis say -- you mentioned the b word, and i think that is a real possibility -- liz: the b word, folks, is bankruptcy, and jay side tight, could be close. >> i think it will be tight. i think they have telegraphed a diluted offering in the near future, and i think that might be the reason for the sudden change. they might want to get this out of the way before the quarter ends at the end of this month so they don't have no show those numbers before they raise money in some type of a divert. liz: paul, you've got the buy rating here. bankruptcy? i'm assuming you would say, no, but it looks like it's circling like some type of vulture. >> yeah. and i think the issue here is can they manage, as you point out, can they manage liquidity, do they have flexibility on inventory, do they have flexibility on additional cost cutting. and, of course, some of it has been coming from the vendors, but they also have cap ex plans that they could, hop

mr. johnson whatsoever? >> at this point we don't know. it is possible. however, we know that the board moved him out and moved him in. it's possible he could stay, but at this point j.c. penney is using the words interim ceo. it has happened in the past that these interims become permanent, but as with best buy, the new interim ceo did not become the permanent. >> courtney, i think the $1 million question here is, is j.c. penney fixable, no matter who's the ceo? >> i think it is fixable. i think the big question is how and how long it will take. they are in the middle of a very big turnaround plan. they've torn out the guts of the old j.c. penney and they're building a brand-new model. so what do they do now? do they stop? do they do something new? a number of analysts think it is fixable. telling cnbc's scott wopner that he believes it is fixable. i don't know what's going to happen. this is late-breaking news and we're still asking a lot of questions. >> courtney reagan, thanks very much. >> also in the news tonight, a better than expected earnings fro

mrs. johnson attended church. johnson did not because i think there were vague lines between politics and religion a lot of times. >> at that time period, we do have a letter when he thought he where g in the 18 70's he is at peace. so it shows that while not practicing at a church in particular, he was still a religious man. >> and before we leave this life in the early days in the white house, tell us more about how the white house ended up in such a state. mrs. lincoln spent a lot of money and was criticized. >> that is very true. after the president passed away, she went upstairs and was there for six weeks and the white house was open to the public. as soon as the doors were open in the morning, people were constantly coming through. there was a tremendous amount of traffic. and there was a lot of vandalism also. they wanted pieces of the carpeting or drapery or pieces of fabric, china was missing and it was in disarray. there's a lot of people coming through the white house. >> where was the security? >> the

mr. johnson. >> yeah, we have some limited capability in terms of aircraft and on site helicopters in our outskirting area, but in terms of a major event in the san francisco bay area, we would be heavily focused on those folks who provide that service to us under contract. we do not have our own helicopters in oakland or san francisco itself, as was already mentioned to, san francisco is very difficult to get to in the case of a major event. it's either going to be getting people in or obviously getting across the bridges and getting material in. while we have the transport ability on the ground we don't have a lot of aircraft capability. most of our facilities wouldn't come in via aircraft anyway. the services we need, it's not typically getting the people, it's getting to the location you need to do the work. while we can drop folks via helicopter, we do that on a pretty regular basis during fires and storms up in the mountains, it's going to be able to get the roads clear and get the bridges open or get access into the location for which we need to get to. in fact, we suffered tlie th

mrs. johnson 8 miles ahead of the heard. they were e scouts so i verified this story. this is been handed down through the family and i verified it was used in the books and even more information i was able to t her in the book and write at the end of my riding so i was glad to have rebekah baines johnson. then there was that in chapter o the two great, not great but to women were a factor in the good night ranch and of course, henry added king hoots and a genteel woman with the ship captain but she did just like margaret houston and urn them into the productive entrepreneurs that they were mali goodnight and henry and kicking started out in a mud hut but the ranch is one of the most beautiful parts of texas as you know, . the last chapter was the bridge to the 20th century and it was too great businesswomen aft emily austin who was the richest woman in texas when she died in the 1850's, the next time you had rich businesswomen was sarah from dallas and the other from houston and of course, she took the first very back and forth across the trinity river the first time

mr. johnson: one minute. the chair: the gentleman is recognized for one minute. mr. johnson: sadly, republicans are just blowing in the wind and can't seem to tether themselves down to take on such an important task. they float off in different directions, unable to appoint conferees to negotiate with the senate. yesterday, despite the gravity of the matter, the tea party republicans couldn't even agree on their own health care bill, which was named the help sick americans now act. with a title like that, i'm flabbergasted, i'm helium flabbergasted they could not pass that bill. yesterday we spent all day debating that bill, and today after their failure to pass it, they'veeced to -- they have pretty much made a decision that sick americans can wait. we need laughing gas because of the inability of the republican house to deal with the difficult issues. it's real sad. we need some laughing gas. the sequestration, which is delaying flights, harming our conomy -- 15 more seconds. mr. holt: i yield the gentleman 15 seconds. the chair: the gentleman is recognized for an a

mr. quest rom's point, disappointing ron johnson's tenure.ck is down 51% since he took over in november of 2011. the market cap has fallen by about 49%, a loss of more than $5 million in market cap there. so quite a disappointing run for shares of jcpenney in that time period. meantime, lots of news to kfr. we'll stay on top of this store, but let's talk about alcoa, the company's results may make the start of earnings season, but there's another name on our next guest radar that you should be paying more attention to, because it is earnings that could hold the key to the rally. let's bring in paul hikey. paul, we make so much of alcoa, you're saying forget alcoa. ibm is the one to watch. >> alcoa is almost 50/50 based on earnings season. we looked at every s&p 500 and found which one correlated to how earnings played out five weeks after the stock reported. and ibm is the highest in the s&p 500. when ibm beats estimates, 80% of the time the stock -- s&p trades higher over the next five weeks. and vice versa. when ibm goes down, the s&p 500 g

mrs. johnson attended church. i think there were vague lines between politics and religion a lot of times. >> at that time period, we do have a letter when he thought he was dying in the 18 70's where he is at peace. so it shows that while not practicing at a church in particular, he was still a religious man. >> and before we leave this life in the early days in the white house, tell us more about how the white house ended up in such a state. mrs. lincoln spent a lot of money and was criticized. >> that is very true. after the president passed away, she went upstairs and was there for six weeks and the white house was open to the public. as soon as the doors were open in the morning, people were constantly coming through. there was a tremendous amount of traffic. and there was a lot of vandalism also. the wanted pieces of carpeting or drapery or pieces of fabric, china was missing and it was in disarray. there's a lot of people coming through the white house. >> where was the security? >> the security wasn't payin

mr. johnson said this -- >> what you do, you find out what you do better than somebody else and that's what you market. that's what you advertise. that's what you do as a small business and then you get the reward of success. people come back to you. they like what you do. they like the service they get and they don't ask me, they might try to jew me down on a price. that's fine. that's the free market as well. there's a lot of things i can buy on sale that the big box stores can't. >> sir? did i? all right. i apologize to the jews. >> jimmy: his mel gibson moment, i guess. disney announced starting 2015 they're going to put out a new star wars movie every summer for the foreseeable future. star wars episode 7 followed by 8, followed by darth maul, mall cop. and how admiral ackbar got his groove book. and it's a star wars movie, just give us your money. a nonprofit organization called mars 1 is accepting video applications for prospective astronauts. these are people who might want to travel to mars. mars 1 wants s ts to accepteds astronauts to mars in 2023.makif it. the finalists will go t

mrs. johnson's room. this is the room she returned to after their years in the white house. we have her bed. and nearby since she was an invalid plagued with consumption, she had what's known as an invalid's chair. she could partake in some of her favorite activities and relax. not only does the foot rest come up, but it reclines. being an invalid also spending time in this room, there's a spittoon by her chair. this is necessary from the consumption she suffered. pink wash basin and chamber pot. it's interesting because eliza's are pink and the president's are blue in his room. she enjoyed embroidery work. we have a song bird on her table and she enjoyed reading poetry. one was entitled "the happy life." she and drew suffered a lot in the civil war, during the years of the presidency. one of the point she is mark in the book is entitled "love and adversity." stormy skies have drawn our spirits near and rendered us by borrowed tides each to the other dear. that sums up eliza and andrew's relationship. she was an avid scrapbooker and she kept newspaper articles that she clipp

mr. johnson will be pardoned. i really believe that because i'm pushing a petition.ver 3 million follow lores and i'm sure we can get, you know, with the grace of god we can get 100,000 votes. >> we're looking at the petition now. the petition is on a website, it's the website change. .org. you are trying to get a lot of people to help you out, heavy hitters in your corner. tell us who they are and what they're doing to help you. >> senator john mccain and senator harry reid, i had a brief meeting with senator reid and he's all for it. i'm so happy that somebody with the clientele and prestige that senator mcclan and senator reid would think to care for a man -- 114 years ago this happened. it's a wonderful thing. >> yeah. obviously you have to be able to relate to this man in some way. >> yeah, not even a little bit. jack johnson was by himself. i have the naccp. i'm a multimillionaire when i'm going through my problem. jack johnson is by himself, he has a few preachers and jack johnson, he was totally against the black power movement and all that stuff. he was abou

mr. johnson as far as they could tell was not making an april fool's joke. we talked about the island of guam capsizing from the weight of all the new people there. but he kind of was making a joke there. he did not really think that guam was going to tip over. he was using metaphor as a commentary on the size of the u.s. military presence on the island and he was just being incredibly dead pan about it while he used that metaphor. turns out that congressman "dead pan" hank johnson is a very funny congressman. but he's so dead pan about it, he does not betray he's making a joke that other members of congress do not laugh when he's making jokes. his dead pan humor does not play in the room because the people with him do not get it. he's setting them up in a way that's just over their heads. here's the latest from congressman hank johnson on the subject of helium. >> imagine, mr. speaker, a world without balloons. how can we make sure that the injustice of there being no helium for comedians to get that high-pitched voice that we all hold near and dear to our

mr. johnson will get pardoned. i really believe that. because i'm pushing a petition.ave over 3 million followers and i'm sure we can get, you know, with the grace of god we can get 100,000 votes. >> yeah. we're looking at the petition now. the petition is on a website, a website, change.org. you are trying to get a lot of people to help you out. some big political heavy hitters in your corner. tell us about who they are and what they're doing to help you. >> oh, listen. i have senator mccain, harry reid, had a brief meeting with senator reid. he's all for it, man. i'm so happy that somebody with the clientele and the prestigious that senator mccain and senator reid would even think to care for a man, 114 years this happened. i think posthumously, it's a wonderful thing. >> yeah. obviously you have to be able to relate to this man in some way. >> yeah. not even a little bit. jack johnson was by himself. i had the naacp. i have so many black organizations, i have white organizations. i have white powerful lawyers taking care of me. i'm a multi, multimillionaire when i'm

mr. johnson: thank you, madam speaker. today, i rise to cite the fact that the american people and democrats and scientists agree that climate change is a danger to us all. but where are the republicans? a week ago i joined my colleagues in the safe climate caucus to challenge the republican members of the energy and commerce committee to debate the nation's response to climate change on the house floor. we received no response. it's time for real debate on the house floor about the dangers of climate change. we already are seeing the powerful forces and the effects of nature. we are witnessing the predictions of our premiere scientists come true and they are alarming. we've seen catastrophic storms, record heat waves, droughts and wildfires. top scientists in the u.s. and around the world tell us that impacts like these will get worse as climate change continues. there's no debate that -- about the science of climate change. mr. speaker, it's time -- or, madam speaker, it's time for debate on how to solve climate change,

mrs. lucy b. johnson. mrs. linda j. robb. mrs. tricia nixon cox. susan ford-bales. mr.gan.♪ ladies and gentlemen, first lady of the united states, mrs. michelle obama, mrs. laura bush, mrs. hillary rodham clinton, mrs. barbara bush, mrs. rosalynn ♪arter. ♪ ladies and gentlemen, the president of the united states, barack obama, president george w. bush, president bill clinton, president george h.w. bush, president jimmy carter. ♪ [cheers and applause] please remain standing for the invocation by the reverend mark craig followed by the presentation of colors. >> let us pray. we have gathered here today, oh, god, to offer thanks for the life and the legacy of president and mrs. george w. bush. we thank you for their distinguished leadership to our nation. moreover, we are grateful for their moral courage and commitment to public service. oh, god, our lord, creator and sustainer, today we honor a man who genuinely believes in your quest of freedom for all. we ask that president bush and his family continue to feel the prayers and support of people all over the world who rec

mr. johnson: thank you, mr. speaker. to art of my ongoing effort protect hard-earned tax dollars to go after waste, fraud and abuse, i introduce h.r. 1502 -- listen up -- the social security disability insurance and unemployment benefits double-dip elimination act of 2013. this bill would stop people from receiving disability at the same time they are receiving unemployment. under current law, a person can receive both disability and unemployment at the same time. this isn't right. just doesn't make sense. i don't know how someone can be able and available to work and also be unable to work because of a disability. i urge my colleagues to support this commonsense bill in order to help make sure the disability program is there for those who truly cannot work. president obama also included a similar proposal in his budget, and i look forward to working with the administration to get this bill signed into law. i yield back. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from californ

mr. johnson to go back to apple? i gather the head of retail position there is vacant right now. >> well, if i were apple, i would be trying to get him on the phone as quickly as possible to at least talk about it. because, he did do a great job at apple. and that job is open, apparently. so i think that the mistakes that were made at jp penny was really not an issue apple and i think ron could go back and probably do a great job. so he's in a pretty interesting position, i think, with either samsung or apple. >> where's the most innovation right now happening in technology? a lot of people worry that apple's actually not innovating the way that it was years ago. >> well, apple is an extraordinary company. i wouldn't worry too much about apple. i mean, i think people are being a little hard on apple, but it's still selling really well. it actually gained market share with the iphone in the u.s. the big challenge for apple is in the asian markets, because it doesn't have products at the right price points. samsung doe

mr. johnson over at jcpenney, it's time for him to go? >> no.nk he's dope a very good job -- he's done a very good job. he's replacing steve jobs, so i think it's too early to suggest that he's going to step down. david: boy, mr. contrarian, tom forte. good to talk to you, tom, thanks very much. >> thank you. my pleasure. liz: investigators continue their search for a suspect or maybe even two in this week's boston bombing. meanwhile, an arrest has been made in connection with those suspicious letters sent to capitol hill yesterday. we're louvre at the white house. david: also spring isn't going to just bring flowers. barclays says it will also bring a market swoon. it's happened the past three years. how do you protect yourself? well, by buying bond-like stocks. what are bond-like stocks? barry knapp, he's barclays head of u.s. equities portfolio strategy, one of the most entertaining people in the business, he is here next to tell us. ♪ ♪ thank you orville and wilbur... ...amelia... . . can't create the future... by clinging to the past. and w

mr. johnson, for five minutes. mr. johnson: thank you, mr. speaker. most americans watching these proceedings today are watching them on c-span. c-span is a public service created by the cable industry in 1979 to carry our house proceedings and other public affairs programming. it's carried in my district by directv, comcast, and dish network. i won't bore you with all of the content that appears on c-span. some is very interesting, and other is not. and some is not. but nevertheless every year c-span holds a student documentary contest for middle school and high school students. and today i'm proud to announce that one of my young constituents, young man, samuel gladen, a 10th grade student at middle grove high school, eceived $250 for his honorable mention documentary, quote, education, the greatest common factor. about how education is related to the economy. i also want to congratulate mr. zach cohen, a seventh grade student at the alfred and adell davis academy in sandy springs, georgia, who received $1,500 for his second prize documentary entitl

mr. johnson and also mr.gardner you stated that as of 2014 january 1st health care premiums will go down. is that correct? >> no. what i believe it is first of all, the don't know yet the coverage because the plans are just now getting those rates to the state insurance department for approval to the exchange's. >> that was not a promise. the promise that was made continuously when this is implemented how health care costs would go down. under oath today as you see it, that you are no longer standing behind that statement. you are now saying that we do not know am probably more than likely seeing health insurance premiums going up. is that correct? >> no. what i think i said its 2014 we have to wait to see how the rates come in and over time i believe the affordable care act will result in the world for all cost. >> what is that based on? cbo does a culmination of studies and i will cite to north carolina that the north carolina health premium rates will go up by 61 percent. water you basing your data? and if

mr. johnson's job even more tenuous?o think so. >> yeah. >> he spent money buying their stock and positioning them. it seems tenuous already, actually. >> pops and drops, big movers of the session. we kick it off as a pop for macy's, up 2%, karen. >> on the flip side. what an outstanding company this is. i don't know why it was up necessarily today. but even here not expensive. >> terra data down 7%. >> morgan stanley took it off their best ideas list. awful now for a while. traded 17 times normal value. they're no one-day event. but for the first time in a while it might be interesting in the next couple days. drop in pioneer natural resource. >> both getting cracked today. it's the 130th most shorted stock in the s&p 500. and those shorts were feasting on it today, down like you say about 3%. >> pop here for valero, up 2%. grasso? >> panda. just kidding. a bunch of headwinds. ethanol credits, sulfur parts per million, the wti brent spread has been coming in. i sold the name. i think it's out of gas right now. >> netfli

mr. johnson as it is a junction of e-commerce taking away the commodity side of the department store business so should he have been fired? >> i'm not a person to answer that other than to say, if you were running a business and it's down 25%, you shouldn't be kept in play. >> something's got to give. great to have you on the program. >> the pleasure is always mine. >> we'll take a short break and a historic rally, more on that today as we close out the show in a moment. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowin

mr. johnson and then also with mr. gardner, you stated that as of january 1, 2014, that health care ream yums will go down. -- premiums will go down, is this correct? >> no, what i think i said -- what i believe, first of all, we don't know what premiums will be for coverage in january of 2014 because plans are just now submitting those rates to their state insurance departments for approval, to the exchanges with respect -- >> sir, that was not the promise. the promise that was made continuously when this was being implemented was that health care premiums costs would go down. and so i am asking you under oath today as you see it -- so you are no longer standing behind that statement, you are now saying that it is -- that we are -- we do not know and probably more than likely seeing health care insurance premiums going up, is that correct? >> no. that's not correct. what i think i said is that for 2014, we need to see how the rates come in and over time i believe that the affordable care act will result in lower overa

mrs. johnson, wife of the 17th president andrew johnson. we continue our series on monday night live on c-span and c-span3 and c-span radio and c-span.org. his book &a" on "sideswiped." later the memorial service for the lost and injured by the exflotion the fertilizer plant in >> this week on "q & a," former ohio republican from -- congressman, bob ney . >> former congressman bob ney, in a chapter headlined pretty alice, you call pretty alice the ,ost covert, manipulative fishes instrumented people of karl rove and the bush administration had. who are you referring to? >> alice fishe

mrs. johnson. both her sons died young. i think they were like 12 or 13 or 14. they were young boys. she is another one that lost both of her children. and about a year and a half after the boys died, her husband died. so harriet is now around 50ish and she is a widow on her own. and she moves back to washington, d.c. and she gets to be a little like dolly. she gets invited to the white house just about every time they are going to be having a big deal. she gets invited. no party is a party unless she's there. she does a lot of good. she really does. >> we'll take a call and then talk a little more about her. this is charles in wheatland, pennsylvania. how about that? there's a town named after the estate. >> good evening. i don't know if your panel there has heard of it, it is a radio suburb of youngstown t. right across the state line. it is named after the estate. it was originally an old ca natural town. -- canal town. and then there is the wheatland tube company, which is a large producer of tubes and hirne et cetera. the only question i have, i wonder if there are any other tow

mr. johnson. the chair: the gentleman is recognized for one minute. mr. johnson: thank you, madam speaker. i would argue that -- i rise in support of this amendment and i would also argue that in addition to its being -- to it being vague it's also overbroad in that it includes investigations for child pornography and child objections and computer crimes this means under cispa the n.s.a. could share data with law enforcement to investigate computer crimes which is so broad and includes even lying about your age on your facebook page. are these really cyberthreats that this bill claims to fix? we must defend against cyberattacks while protecting the liberties and privacy of americansism yield back. the chair: the gentleman from michigan is recognized. mr. rogers: thank you, madam chair. i want to yield myself such time as i might consume. the chair: the gentleman is recognized. mr. rogers: it doesn't call for investigations of the crime bus only protection of the individuals that may, and i want to stress may, because the p.i.i., personal identifying inform

mrs. lucy b. johnson. police linda j. robb. >> mrs. trisha nixon cox. mrs. susan ford bales. mr. michael reagan. >> we're watching, of course, luci baines johnson, trisha nixon, the older daughter of richard nixon, susan ford, the older daughter of susan ford, sort of a reunion of both party and their full families. looks like a lot of appearances today. i'm surprised at how many people have made this big ticket appearance. okay, chuck. never know. all five presidents have been together so i don't want to miss that moment when they come out. chuck, what do you think of all of this? >> look, this is a moment, you know, our presidents get together for elaborate dedications and funerals and this is the upside of when these people get together so it's a moment for people that love american history, love american politics on both sides and sort of one of those moments we all pause. and that's why i enjoy just as a junkie watching all this. look, we're all -- we're going to pore through this legacy whether george w. bush likes it or not, because it has had an incredible impact on our am

mr. johnson. they went through get rid of coupons and sales strategy and that backfired.they saw sales drop 25% at jcpenney. you have a board of directors with only one member with direct retail experience. if you're a shareholder, you have to be questioning do they're going to do with this company? if you look where their stock is trading right now, oppenheimer has a price target of $15 a share. it was almost double that if you go back a year ago. jcpenney's stock has tumbled. ashley: what does ullman have to do? he has to bring in capital and stop the leaking. he was turned over for johnson in the first place. >> right. ashley: will he bring the ship level and set up a sale or what? >> i don't know about a sale but i can tell you this, one thing analysts say he has to stablize this immediately. they're in the middle of a transition to boutique stores that johnson set up. they have to assess that. they have assets to sell. their department stores exceed the debt. they can sell off assets if they need to stablize the financial situation. most important he has to send a me

mr. johnson may be in danger of losing his job at jcpenney. sales alone. >> over failure to do due diligence. tracy: cot court order martha stewart to buy back her own stuff? >> yes. in this context, the court's authority to reshape and reframe the relationship between martha stewart and jcpenney is almost limitless. tracy: wow. >> the court's goal is to prevent waste, destruction of that property. adam: but martha stewart's claim she went to jcpenney to offer product not being offered at macy's. tracy: original. adam: what if the contract with macy's has that kind of little window opening allows them to sneak in. >> then the prediction that macy's will win will not come to pass and martha stewart will continue to sell a different product to her customers through jcpenney than she selling to her customers through macy's. all of these things are the types of things the judges have to decide. tracy: before we let you go --. adam: see what the courtroom looks like? it looks like a warehouse from macy's and jcpenney because the products are in the

mr. and pat johnson who's the assistant to the managerial financeses and i'm going to intros them a little later. we have basically and you nerve can tell because of the surprises from the other government and is the feds and the elimination of redevelopment and et cetera but we have got an 80 million-dollar revival in five years and in case we have to ref development -- all of our economic indicators are up and they are above rejection and up $11 million above our projection and that is every revenue and income source and standard business source and is tour restaurant tax and is most of the rest of the city has holt new restaurants and? jack land and still a heart in the center of the bay area [name?] who was just one of the chef's award warded of the year and oakland is a city boomings and we are tryinged and part of ourselves and we have had amazing growth and we are going to move more towards towards it's business second thoors you care about we have -- taken $11 million and invested it in our town and we have even with the loss of economic development we have a new economic developme