richard o'brien, ceo of newmont mining. appreciate it. >> with the stretch of the highs this afternoon, about four minutes before closing bell. up 160 right now, bill. >> dividends, as we know, the portfolio manager at one top-rated fund, still sees plenty of tubt to cash in on that category. well talk about his strategy coming up here. >> and, huge dividend from lion's gate. can the red-hot stocks stay on fire? we're talking numbers next. >> as we head to the break, a look at the green arrows along the dow component. all but one, verizon. back after this. to those who say... [worker 1:] we need to produce our own energy. [announcer:] and, to those who say... [worker 2:] we need environmental protection. [announcer:] conocophillips says, you're right. find out how natural gas answers both at powerincooperation.com. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-

freeport mcmoran and newmont mining fell.the indonesian government cut how much foreign investors can own of mineral and coal mines, from 80% down to less than half, 49%. it could be foreign mining companies will have to gradually sell part of their stakes. both newmont and freeport have interests in indonesian mines. we saw oil refining stocks heat up while crude oil and gasoline were higher. tesoro jumped 4% after receiving an analyst upgrade to neutral from bank of america merrill lynch, expecting shares to benefit from the price differences between crude oil and gasoline-- in other words, the profit margin. fellow refiner valero was up as well, rising more than 7%. this is valero's highest price since late may. volume doubled on the rally. in commodities, we continued to see selling in the grain markets, where corn fell another 2%. wheat was down 3%. and that's tonight's "market focus." >> tom: three trends expected to continue until election day so says tonight's guest. we welcome kyle harrington. kyle, it's nice to see

alcoa, freeport-mcmoran or newmont mining? now the payoff.lcoa. >>> welcome back to the "closing bell." i'm courty reagan in times square. well, we are lower today, like the rest of the market, tech failing to outperform as we've seen it do most of the year. a far cry from nasdaq 3,000. it looks like we might close around the lows last seen around february 9th. however, some retail names are sliding. not all tech down here. lu lu lemon from buy to hold. where there are losers there are also winners. just a handful. some names in the green, shovel master, a casino gamemaker acquiring another company. shares higher on that news. maria, tyler, down to you. >> 20 minutes before the closing bell sounds for the day. the dow jones industrial average down 215 points. major averages posting the worst losses in about three months on renewed concerns coming out of greece and the eurozone. the nasdaq down 44 points. it erased 50 points at the day's low. the index had been down a bit more earlier. so we're basically just stabilizing at 2107. lighting fuse

he says this actually helps, so -- newmont tavis: -- so -- tavis: as i was saying to you the other day, and was flying back to l.a., and there was the television on demand listing. i watched eight episodes of you between connecticut and los angeles. >> that is a lot of "criminal minds." tavis: and there was one that i was watching where they had cut up the body parts and had served them in chili. >> he was actually feeding the victim to those who were looking for the victim. that might be in our top five twisted abbasids. tavis: if there are five, i do not want to know the other four. >> one was based on a real case, and the way we played it is the thing that tipped us off as to how many killings that had gone on is that we found an entire dumpster of shoes, and they belonged to all of the victims, and once they were laid out, there were dozens of shoes. yes, it is. it definitely gets you. when we sit down and read it once before we start shooting it from beginning to end with our guest cast, and the writers want to hear how it flows and how the story goes from and to end out loud, --

gold, the world's largest gold producer, fell more than 4%; kinross gold tumbled more than 6%; and newmont mining slipped 1%. and finally tonight, a look at the biggest loser in the dow. disney shares lost over 1% after it's big-budget film "john carter" bombed in its box office debut. and on that note, that's tonight's "market focus." >> susie: the pressure is on, from the white house to state capitols, to cut college costs. as states slash appropriations, many colleges say trimming the budget is a tough assignment. sylvia hall visits a school system in pennsylvania to see how its handling the cuts. >> reporter: a cafeteria serves meals without trays. new, energy-efficient buildings cut down on heating, cooling and lighting bills, and 50 jobs sit empty. the strategies look different, but at shippensburg university they all serve the same purpose: cutting costs in a time when every penny counts. >> we are at a point where we have to say everything is available to be reduced. >> reporter: this year, shippensburg university and its 13 sister schools face a possible 20% drop in state funding.

thanks to the big sell-off in gold, newmont mining dug itself a hole, down 4% on heavy volume. iron ore producer cliffs natural resources dropped 3%. this is cliff's lowest price of the year. and fertilizer maker c.f. industries cooled off by 3%. it was at a new high just yesterday. while energy has been in focus lately with rising gasoline prices, solar panel maker first solar dimmed considerably today. it was the biggest drop among s&p 500 companies, falling 11%. volume tripled with shares falling to their lows of the year. while quarterly earnings were better than expected, revenues were disappointing and it lowered its 2012 forecast. also on the selling side was staples-- volume was more than five times normal with the stock falling more than 8%. the office supplies retailer had a disappointing growth forecast, something it blamed on the weak european economy. meantime, staples says its in the cautiously optimistic camp for the u.s. recovery. a couple of beverage companies lost their fizz in a big way. vodka maker central european distribution lost almost a fifth of its val

do you think you have them solved, will it resuscitate the economy and help newmont?ng is an important sector in our economy. obviously there are conflicts to be resolved. thank god the government is making all this effort to be able to have a responsible mining policies, responsible for the environment, for the community. we -- 60% of our exports are mining-represented commodities. so for us investment in mining is critical. >> newmont had a work stoppage at one of the mines they're trying to put in your country, as an investor with a stock that trades here, an american-based company, you don't want to hear that there are protests stopping your mine work. >> obviously, we don't want to hear it, too. but it's important for the mining to have -- the mine company to have a good relationship with the community. these are mines that are going to be there for 30, 40 years. and there's discussions about water supply. and we're trying to work out a working relationship between the community, between the mining company. we're in the middle of a peer review process of the feas

. >> caller: the only thing getting beat up more than my bracket is newmont mining. >> the miners are radically underperforming the price of the metal. i like gld but the miners are getting killed. please, please, stay away from the miners, own the commodity. mike in new jersey. mike! >> caller: cramer, this is mike from bayonne, new jersey. >> you're right around the corner. stone's throw. booyah. >> caller: i've been loading up on heckman and i'm in a house of pain. this just keeps on going down. >> here's what's happening. i said this on twitter repeatedly. this is not for the squeamish. this stock is going to go up over time. they've had to move their business to other places and because of that it had a shortfall. i think longer term we're going to be fracking in this country, not deep water fracking but we'll be fracking and i think very, very powerful trend you cannot move away from. you have to have a long-term perspective. doris in california. >> caller: hi. how are you? >> real good, doris, how about you? >> caller: thank you. jim, i would like to know your your price target

and you can look at companies like newmont mining good as or better than the market. and secondly every year they've been replacing their reserves. so if you like, you're generating dividends and cash flow through the year. and then you end up with the same gold in the ground. so when you're buying a gold stock, you're buying gold reserve. plus you're getting a return. >> very quickly, patrick, your three top picks are barrick, randgold, pick one and which would be it by and why? quickly. >> right now i think rangold is a good pick because it's coming into a year in which we should see costs coming down. there have been high grade deposits put into production right now. and i think that's a good trend when you see costs coming down. high quality reserves as well. >> patrick, thank you very much. bob pisani, thank you again. >> march madness is underway. but you already knew that. what you probably didn't know is all the big numbers when it comes to the business behind it. that's why we have a sports business reporter, darren rovell, looking at all those numbers. darre

the ceo of newmont mining is joining us to talk about that.hares as good as gold lately. is it a time to take profits or will the stock roar higher thanks to the "the hunger games" rally over the weekend? plus, ceo of cbs explains how big an impact political advertising will have on his company's bottom line coming up this year. maria and i look forward to seeing you at the top of the hour from the new york stock exchange on "closing bell." see you then. >> we will indeed. casino stocks winning on wall street. las vegas sands up 2.5%. mgm about the same and wynn resorts up by about 3%. year-to-date all cashing in as well. wynn is up only about as half as much as the others. >>> speaking of vegas, construction is set to begin on a new high speed passenger train which would connect, well, sort of southern california to las vegas. it is called the desert express. it's expected to travel at speeds up to 150 miles an hour, which is like china 20 years ago. all end the project expected to cost about $6 billion including mr. taxpayer, about a $4.9 bi