in the north sea, warming water has driven commercially important fish such as cod, farther north toolder and deeper waters. in turn, more exotic, warmer-water fish have pushed into the range being vacated. the northward shift of the boundary coincides with a rise in temperature of nearly 2 degrees in north sea waters between 1977 and 2001. if the trend continues, atlantic cod will no longer be able to live in the north sea by 2080. the heavy pressure our industrialized society puts on earth drives climate change. whole ecosystems are modified, forcing species to fight for survival in different surroundings. if we understand the rapid changes our activities force the natural world to respond to, we'll learn to make better decisions today that will determine earth's climate tomorrow, and in turn, nature's services on which all of us depend. did you know that over 50% of most people's water bill is for watering their lawn and garden! and remember - you can reduce your water bills by collecting rainwater - simply catching the rain that down through your gutters anyway - and storing it i

and, indeed, and, indeed, how much investment is taking place in the north sea. let me just reminder though that the reason we put up the tax on north sea was actually to cut petrol duty for fans up and down the country. but we will make sure that . i don't know why members are falling about unable to contain himself. i want to the prime minister's answer. prime minister. >> we will make sure there is a good tax regime for the north sea whether that is servicing jobs in england or indeed in scotland. >> peter bone. >> mr. speaker, last wednesday they objected the laws to the reform bill. on seven occasions the commons voted, the prime minister and the deputy prime minister voted. but the children's minister, the honorable member for central refused to support the government and has spoken against the policy. now mr. speaker, on occasion i have spoken against the government that supported, but i am not a government minister. why is she still a government minister? [shouting] >> i thoug -- be much we want to hear the prime minister's answer. and we wo if there's to

they say it is because of an increase in oil from the north sea. analysts expect to see prices go a little bit higher over the next couple of weeks. the average price nationwide is $3.51 a gallon. san francisco is averaging $3.87. oakland and san jose are at $3.82. will the fourth straight day accrues have recovered remains. we have a video to show you of people sifting through the earth. >> investigators want to now in sherman time had anything to do with the disappearance of my kayla garrett. >>darya: ended this morning, a federal appeals court will hear arguments on a civil- rights groups challenge to a ban on affirmative action. the group argues that the ban violates the u.s. constitution's guarantee of equal treatment. it has caused a sharp drop. the >>justine: more information on the debt the whitney houston. we are learning at her funeral will be held in new work majors the later this week. her body is expected to be flown to new jersey as early as tonight. here's a look at the conditions in this year. >>erica: what comeback. we're focusing

sells the timing of sanctions couldn't be worse a loss of production in south sudan yemen and the north sea already driving prices higher with the rainy and. crude still in demand in asia it's the u.k. and it's motorists that are the hardest hit they are for the company paid. for was a. political problem if you could pick it up drive it take how much you got yes i think it probably does i think that's why there is a school year. it's hoped the threat of sanctions will bring iran to the negotiating table over its nuclear program but so long as the numbers are rising here in may not be iran is the first to buckle in what's become a dangerous game of brinkmanship experts predict the ongoing tensions could add twenty five percent oil prices by easter i the bennett r t london. a look at some other news making headlines around the world in a world update a packed commuter trains rushed into a rare form argentina's capital killing forty nine and injuring five hundred fifty others the driver and some of the passengers were taken away on stretchers for the first carriage thought to be the worst affe

so even if you took the median, $70 a barrel, that would be a $40 hair cut on the price of brent north seaould that do to wti? wti crude today was down on higher than expected inventory levels. so we saw a big decline there. in fact, it was down $2 at one time. it came off those lows. but when you look at the correlation between stocks and oil for the last year at least, you wonder what the price of oil would do to the stock market over that time frame. i'm very pleased to bring in our market analysts today who have been very patient this year, dean is the president of strategic market strategist, macrorisk advisers, and doug at ing. if oil goes sharply lower, what would that do to the stock market? >> over the recent time period, stocks and crude are highly correlated. a collapse in crude implies the inflationary collapse like we saw in 2008, if it's something specific to brent, you know, whether it's supply related, maybe that's a different story, but i think the correlation of risk assets is very much driven back to fed policy. >> what would stocks do in your opinion? >> because it's no

the spread between brent north sea and our crude is $17 a barrel here.s that good or bad for stocks in the long run? >> i think it's actually bad for stocks. what we learned last year is $125 brent, $110 wti, that was around april of last year, all of a sudden we get demand destruction. we get $4 at the pump and it's bad for the consumer. here we are at $120, a couple of percent away from that level. we're underweight energy in our str strategy at morgan stanley. >> the market does have the pain point at some point, doesn't it. >> yeah, and it's pretty close to where we were last year. >> we were looking earlier at the sectors of how they performed today, an interesting mix of what was the strong eest. utilities for a time was the strongest sector today, along with the financials. kind of an odd mixture here. and then when you look at the bottom five, everybody was positive today. you have some of the defensive issues for the most part. >> i think if you look at this microstructure, it might mean we're in for a bit of a change in dynamic, that people who

and, indeed, and, indeed, how much investment is taking place in the north sea. let me just reminder though that the reason we put up the tax on north sea was actually to cut petrol duty for fans up and down the country. but we will make sure that . i don't know why members are falling about unable to contain himself. i want to the prime minister's answer. prime minister. >> we will make sure there is a good tax regime for the north sea whether that is servicing jobs in england or indeed in scotland. >> peter bone. >> mr. speaker, last wednesday they objected the laws to the reform bill. on seven occasions the commons voted, the prime minister and the deputy prime minister voted. but the children's minister, the honorable member for central refused to support the government and has spoken against the policy. now mr. speaker, on occasion i have spoken against the government that supported, but i am not a government minister. why is she still a government minister? [shouting] >> i thought -- be much we want to hear the prime minister's answer. and we won't if there

brent north sea, up to a nine-month high right now at $123.helle martin luther king is in t -- michelle martin luther ki there's plentiful supplies here, that may be what's keeping it lower, even though we're at $106 a barrel right now. but the spread between brent north sea and wti and crude is still very wide these days. look at gold, what it did late this afternoon. as in march, apparently toward $1800 an ounce. up $20, or 1% today after a very lackluster opening. we're going to keep an eye on that one there. as it starts to sniff some new century marks, maybe $1800, could head back to its old high of $1947 hit last summer. see what the sector, how they did today. the s&p 500 sectors, and where the leadership was in the stock market this day. there's the ten-year note. the yield holding at 2%. let me bring kathy jones in here, 2% had been considered a buying opportunity for a lot of traders. that was the upper end of the range for a lot of buyers. but not now. you wonder why, huh? >> i think there's a lot of concern about inflation, down th

they found two fields in the north. sea lion has the capacity to produce 120 billion barrels in the next 20 years. but the field in the south has everyone excited. he said the potential in the south is massive. >> the yield is going to be the southern basin and the two companies there going to be drilling four wells into those places. that's kicked off at the end of january. over the next six months, they're going to be targeting 8 billion barrels of oil, 20 times what was previously discovered. >> remember, it would be a risky investment if it happens. it's forecast to back off because of bad politics between britain and argentina. >> thank you very much. >> thank you. >>> 24 hours after a fire that killed more than 350 inmates at prison in honduras, relatives are still waiting to hear who's died and who's survived. the world's worst disaster for more than a century. in its wake, the director of the prison system and the governor of the prison have been suspended. from the scene, will grant sent this report. >> 24 hours on

a barrel of benchmark north sea crude now cost $120.eatening to cut off oil to the entire european union and less economic sanctions are lifted. a europe -- european oil companies say they will be able to make up for any halt in iranian supplies. iran currently supplies of around 20% of the eu's crude oil needs, some 600,000 barrels per day. >> falling ice is wreaking havoc in the danube river as europe warms up after the recent big chill. mass of ice blocks moving down the river crest small boats into the serbian capital belgrade. temperatures have risen from -20 degrees celsius last week in serbia to + 10 degrees on sunday. authorities are concerned that the melting ice and snow could cause flooding. on to something warmer and more cheery. after weeks of freezing cold conditions, a comparatively mild and sunny day for carnival revellers out in huge numbers across in germany. the western city of cologne in the heart of the mainly catholic rhineland was were the main part of all action took place. >> as tradition dictates, the processio

also today, police searching for the people tossing chunks of concrete an an officer driving on north sea street when he stopped under a railroad crossing to investigate rocks out on the road. that's when he says three or four people started throwing rocks at him overhead on the track. he was hit, and he suffered a head injury. people throwing the rocks, they got away. >>> this morning north bay business owner sifting through the damage after flames ripped through a lumber yard. at least 35 firefighters attacked the flames at rafael lumber and building supply in san rafael 3:00 this morning. the fire burned through the roof, and construction supplies in the main building before spreading it into an office and display area. the owner says he's lucky. firefighters got a handle on the flames within an hour. >> could have been worse, could have been the dry shed. they wouldn't have been able to put that out too quick. >> reporter: why is that? >> it's all dry timber in there. >> no one was hurt in the fire. so far, no word on the cause. >>> oakland prosecutors going to court to crack down on

rain be getting anywhere from 60 am-8:00 p.m.. 55 will be our average, sales of the north sea.ht. we will begin future cast 4 at 8:00 p.m.. the first it's of rain falling near santa rosa. overnight, is still wednesday in the thursday morning, this is what we're looking for as far as storm totals. we will take every drop that we can get. we need it! beyond thursday rain is a non issue. the weekend looks great with sunny conditions and warm temperatures. we are expecting highs to get into the low 70's. >>george: traffic is very good around the bay area. we are not tracking and the hot spots or major delays. traffic slows as he, under this last over crossing. there are no delays on the bridge or to the bridge as they come to every county. in the east bay as we track the commute on the nimitz it interstate 580, the macarthur freeway out of san leandro weather on 580 or 880 you will be at the limit of away from castro valley or the 238 interchange with no delays as the head towards downtown oakland, the east shore freeway are the bay bridge toll plaza. >>justine: home prices have fa

north sea. and we are closely following developments in syria on our website as well so log on to r.t. dot com to get all the latest updates and here's what else you'll find there today joining forces pakistan pledges to support iran if the u.s. launches a military attack against the islamic republic and more information online. the cyber war goes on the unanimous group assaults half a dozen u.s. federal government websites within the past week to express their anger at an anti-piracy law. lobby is holding a national referendum on saturday on whether russian should become a second official language but it's unlikely to succeed even though the russian minority which makes up a third of the population are feeling ever more discriminated against in the place they call home. reports from what. validity from a lot of us russian minority says his country's government has gone too far having lived in law to be all his life it was only recently that he managed to exchange a temporary residence permit to

sells the timing of sanctions couldn't be worse a loss of production in south sudan yemen and the north seaalready driving prices higher with a rainin crew. still in demand in asia it's the u.k. and it's motorists that are the hardest hit how they are for that i come to think that if i was playing for myself i'd rather go have a picnic that you could buy extra people driving to fix how much you come yes i think it probably does i think that's why i don't use a small gear. it's hope the threat of sanctions will bring iran to the negotiating table over its nuclear program but so long as the numbers are rising here in may not be iran who's the first to buckle in what's become a dangerous game of brinkmanship experts predict the ongoing tensions could add twenty five percent oil prices by easter either bennett r t london and as the effectiveness of sanctions is question more often fears of anding military confrontation with around become more prominent christopher chambers journalism professor from georgetown university told r.t. why american media is in the vanguard of international warmongeri

welcome to the business program here north sea russia's goes from has acknowledged that it temporarily reduced supplies to european customers at the end of last week . spoken to the company's c.e.o. who told us the reasons for the cuts. what he told us is that indeed the company had to gas supplies to europe via temper sad for just a couple of days that according to media he said that it was partially due to these i'm usually called temperatures that are still holding to russia and their grip alexander mitigated also pointed out that europe be in demand for gas has increased by about fifty per se january bob the ball games that were initially constructed big gas from official also use the situation to make a rather unpleasant comment about spot market for gas now some european officials usually presents markets as a sort of alternative to the traditional routes of delivering gas to europe mainly pipelines ad according to the video of this whole situation and the inability of the european countries to contract as much gas as they need all the support markets show a bad spot market is st

it's the timing of sanctions couldn't be worse a loss of production in south sudan yemen and the north sea already driving prices higher with the rainy. crude still in demand in asia it's the u.k. and it's motorists that are the hardest heat we are told that either come very. forward or much so. they go harder to keep. people driving thanks so much. yes i think it probably does i think that's why don't you hold dear it's hope the threat of sanctions will bring iran to the negotiating table over its nuclear program but so long as the numbers are rising here in may not be iran has the first to buckle and what's become a dangerous game of brinkmanship experts predict the ongoing tensions could add twenty five percent oil prices by easter either bennett r t london. fears of a military confrontation involving iran are becoming ever more prominent with a top general threatening a preemptive strike if its national interests are in danger but christopher chambers journalism professor from georgetown university told r.t. the rhetoric is being hyped by the american media. you have to have a symbol o

sells the timing of sanctions couldn't be worse a loss of production in south sudan yemen and the north seas already driving prices higher with the rainy and crude still in demand in asia it's the u.k. and it's motorists that are the hardest hit i mean i thought that the company thanks for that if i was by myself. i don't think i'll have a different people by people driving. effect how much you know yes i think it probably does i think that's why there's a small. it's hoped the threat of sanctions will bring iran to the negotiating table over its nuclear program but so long as the numbers are rising here in may not be iran is the first to buckle in what's become a dangerous game of brinkmanship experts predict the ongoing tensions twenty five percent oil prices by easter. bennett london. and despite the oil embargo the u.s. and britain are warning israel not to attack iran's nuclear facilities saying new sanctions needs more time to work the country's top leaders believe a strike would be quote unwise and what likely not to hold the iranian nuclear program artie's iranian glu chicago has mor

sells the timing of sanctions couldn't be worse a loss of production in south sudan yemen and the north sea already driving prices higher with the rainy and. crude still in demand in asia it's the u.k. and it's motorists that are the hardest hit. i mean for that other computer use for . if i was right for myself i would rather go have a look at people why you make sure people drive in effect how much you come yes i think it probably does i think that's why they're using the soldier. it's hope the threat of sanctions will bring iran to the negotiating table over its nuclear program but so long as the numbers are rising here you may not be a wrong he's the first to buckle and what's become a dangerous game of brinkmanship experts predict the ongoing tensions twenty five percent will prices. on to bennett london. and be sure to stick around for the alona shell is coming up in just a half an hour well you've heard about the bill of rights what rights you have when it comes to cyberspace while the obama administration is trying to answer that very question but a new consumer privacy bill of righ

but it's the timing of sanctions could be worse a loss of production in south sudan yemen and the north sea already driving prices higher with the rain in crude still in demand in asia it's the u.k. and it's motorists that are the hardest hit i thought that a company face. if i was paying for it myself. i don't recall having that. extra people drive in effect how much. yes i think it probably does i think that's why there is a school year. it's hoped the threat of sanctions will bring iran to the negotiating table over its nuclear program but so long as the numbers are rising here in may not be iran is the first to buckle in what's become a dangerous game of brinkmanship experts predict the ongoing tensions could add twenty five percent oil prices by easter either bennett r t london. and now to another nuclear standoff the u.s. will resume direct negotiations with north korea over its atomic ambitions tomorrow in beijing the talks suspended art of the death of kim jung il aimed at convincing pyongyang to halt uranium enrichment in return for aid let's get more perspective on this and what m

there is trade, investment, north korea, pakistan, burma, the south china sea. those of the aspects of shared values, human rights. if you take them one at a time, they're likely to use them against you. it sounds good in a presidential debate when you say you're going to go to a war with china but the real world is much different. >> and much more complicated. to one relationship to another that is more difficult and that of course is the relationship between the u.s. and iran. tehran has threatened to close the strait of hormuz in retaliation for tighter western sections. today, the uss abraham lincoln sailed through those narrow waters shadowed by iranian patrol boats. >> this is the most potent symbol of america's military might, the uss abraham lincoln loaded with warplanes and now preparing to pass through a potentially dangerous waters, the straits of hormuz. this is a show of force. they are here to send a clear message of who really controls these waters. >> as it approaches the narrowest point to 21 miles wide, the coast is in sight. iran recently thre

there's trade and investment, north korea, pakistan, burma, the south china sea. they all have to be factored into these discussions. if you take them one at a time, they're likely to use them against you. it sounds good during a presidential campaign and you can get applause when you say you're going to war with china but the real world is much different. >> thank you the much for coming in. now to an even trickier relationship than that with china and that is between the u.s. and iran. in recent weeks, tensions have escalated and tehran has threatened to close the strategic strait of hormuz in retaliation for tighter western sanctions. today, the american aircraft carrier, the uss abraham lincoln sale through the narrow waters shelves by -- trailed by iranian boats. >> they're preparing to pass through a potentially dangerous waters, the straits of hormuz. this is a show of force. they are here to send a clear message of who really controls these waters. >> as it approaches the narrowest point to 21 miles wide, the coast is in sight. iran recently threatened to

and, indeed, and, indeed, how much investment is taking place in the north sea.just reminder though that the reason we put up the tax on north sea was actually to cut petrol duty for fans up and down the country. but we will make sure that . i don't know why members are falling about unable to contain himself. i want to the prime minister's answer. prime minister. >> we will make sure there is a good tax regime for the north sea whether that is servicing jobs in england or indeed in scotland. >> peter bone. >> mr. speaker, last wednesday they objected the laws to the reform bill. on seven occasions the commons voted, the prime minister and the deputy prime minister voted. but the children's minister, the honorable member for central refused to support the government and has spoken against the policy. now mr. speaker, on occasion i have spoken against the government that supported, but i am not a government minister. why is she still a government minister? [shouting] >> i thought -- be much we want to hear the prime minister's answer. and we won't if there's too m

oil, also rallying today, probably being pulled higher by brent north sea.ouldn't be surprised to see it hit $125 at some point as we add it here. see what the spread is between new york oil and london oil, it's holding at that $17.60 range. the vix, back in yellow flag territory at 21.46. that's signaling things are a little dicey for the stock market. when you look at the performers today, only one sector among the s&ps higher, and a lot of the defensive sectors doing well right now. very defensive market today, huh? >> absolutely. if you lubef look at the way the year started off, you had such a dramatic run, we knew at some point we would see some form of noise in the system. >> you are among those who want to add risk to a portfolio. are we kidding ourselves that things are going to get better in europe before they get worse? >> i think we're -- it's a longer term issue. we've been playing this out for four-plus years. >> yep. >> i think the last nine months it's gotten super heated. the way we're framing it is this is a series of rolling brownouts, not

even brent north sea crude which has had the iran premium forever is starting to come off those highsaround $124 per barrel. golfed, that's been quiet for a while here. failing to get to that 1,800 level. we're stuck in this range here, and have been for a while, up $12 today. the s&p sectors today, technology has been leading again, the sector for all seasons as i keep calling it here. health care hovering up there, another growth area where you'll see a lot of job growth these days. let's go over and talk to kate moore. we talked about the domestic funds, and how to invest in them. you're a global strategist. where do you see value around the world right now? >> well, you know, just last week we upgraded two parts of the international equities sector. developed europe, and emerging markets. we kind of added a little bit to our positions. our view is, everyone owns it. consensus is overweight. europe is very unloved still. we're not overweight europe, but we're less underweight than we were. >> we look at the europe 6 # 00 chart -- >> the euro stocks, yeah. >> where in europe right n

moved higher, although the spread as i mentioned earlier, is still pretty high relative to brent north sea at $98. they're at $116. so it's a very widespread right now. the premium put in between syria and the u.n. and iran as well. elsewhere, the ten-year yield, across the board, yields in the treasury curve were going higher today. prices were coming down as we go more risk on at this point. the yield on the three-year note was kind of mixed. the demand was soft. but we'll wait to see what happens with the longer ma turts. two more auctions for treasury tomorrow and on thursday. now, as far as earnings go, yes, the earnings reports have been coming in fast and furious. 60% have beaten to this point. the average going back to 1994, the average beat rate at this point is 62%. we're a little on the light side here. this is the lowest beat rate we've had since the financial crisis back in 2008. not trying to panic anybody, but that's where we stand right now. earnings after the bell, we've got jive coming out. this is the software company that ipo'd in december at $12 a share. it's a social

systems crashed the gps showed it was on dry land in belfast ireland when it was in the middle of the north seadd humphries at the university of texas is an expert in gps hacking the nation's navigation systems are an attractive target. >> if you are a rouge nation and terrorist network you would like to cause some large scale damage, perhaps not an explosion but moran economic attack against the united states this is the kind of area you might see as a soft spot. >> another problem is spoofing a gps making it in a different place or different time than it is. that could effect the financial markets. each and every stock and commodity trade is time stamped by gps. criminals can manipulate the system to crash the system or give them an edge to make millions in the high volume high frequency split second trades. oo you are able to match the crisis like everyone else in the world. everybody might be 20 mill seconds off and you know the actual timing. you are able to buy low in one market and sell high in another market. >> 20 miley seconds that's all you would need to manipulate the market. humphr

as a result, brent north sea went to $123 a barrel this week, we've been trading a little higher than that in the after-hours session. elsewhere, interesting story. alaska's north slope may now contain more than half the shale gas than the highest estimate for the marcellus formation. the slope may hold as much as 80 trillion cubic feet of shale gas. they plan to start drilling off the north slope this year. and gold notched its first weekly rise in four weeks. and the expectations of further easing in china and near zero interest rates has boosted gold's appeal. gold settled up about 3% this week at $1775 per troy ounce. but it failed to get to that $1800 level for the week. >> another day, where the dow reached and breaks the 13,000 mark, but it just can't seem to hold on to it. you know, it's been almost four years since we closed above that mark. we had better than expected home sales numbers, we had consumer sentiment, which was really good as well. >> joining us, let's talk about where the market may go from here from a fundamental and technical perspective. good to see you both

west texas intermediate oil is now selling for $17 a barrel less than north sea oil.stically-produced oil sells more cheaply than foreign oil. >> sure, and we have all this oil. look at north dakota, unemployment 3.5%. >> north dakota this year will drill more oil than the united arab emirates will. fargo will be the new dubai. >> and they are begging the saudis to en crease their output, knowing the strait of hormuz at some point is going to be closed when the iranians and israel goes at it? >> i hate to quote your best friend, jeremiah right. >> my best buddy, my pal. >> but remember when he said the chickens are coming home to roost? now they are. >> they are. >> not doing deep sea drilling, not doing the pipeline, coddling of iran, not having strong sanctions, alienating of the ace ace -- israel, all coming home to roost. >> let me go to the primary. michigan and arizona. arizona looks like mitt romney's as of right now. at least the policy show that. very close in michigan. it's being viewed as romney's home state, right or wrong. that's the way it's being percei

the north sea, production is lower, so prices are higher. talk about strait of hormuz and that's down. there are tensions in the sudan, creating lower production. so when you look at prices and you make comparisons, it's frightening to see the trend here. you said the current price $3.51 a week ago, it was lower, a month ago, lower still. a year ago, even lower. so the trend is clear. >> shepard: we are hearing from some people to get ready for the possibility of $5 a gallon? >> yeah. the former shell oil ceo says we could get $5 a gallon. i know that's frightening to a lot of people. let's talk about what that means for regular americans. if you are spending this much for a gallon, you are traveling 12,000 miles a year. take a look at this. you will be paying $1,000 more for gas each and every year at $5 than at $3.r -- 3.51, which is what it is right now. that could be our reality. >> that could take care of an economic recovery suite. wall street sustains a rally, right about where it started. it was up 4 just short of its best close of t

but that spread between brent north sea and wti is still very wide right now. 30-year auction today, soft again, just as the ten-year and three-year were earlier this week. and i maintain it's because so many are buying stocks and taking on risk right now, where they'rt buying bonds at this point. brian jacobsen, we'll look at the strength of the day here. technology was the leader. would you buy technology right here? >> i would buy some technology stocks. i don't think i would just dump all into technology, because i think what you really need to do is be aware of those companies that are actually selling to enterprises. that's where i think that some of the gains can still be had, is the big large caps. not necessarily that have a lot of focus on the retail sector, but more on the business sector. >> financials is another hot button right now. they've had a good year. >> they certainly have. but i think they're probably due for a little bit of a pullback, mainly because they seem like a barometer as to whether or not things will get resolved in europe. i don

the increase that we are projecting between now and 2015 is being offset by areas like norway, the north sea, other non-opec areas that are actually on the decline during that same time frame. >> well, one last question. we are short of time. don't you think at $2.60 nat gas may have reached a bottom in the fact that lots of companies are no longer drilling and we also are in a situation where perhaps -- i talked to my friends at clean energy and westport innovations, we are going to see increased use by surface vehicles, trucks, of natural gas. give you an outside source of demand besides utilities. >> yeah. i'm not sure that i could agree with you that natural gas has bottomed at the current $2.50 price. i wouldn't be surprised to see it go 50 cents lower some time during the summer but clearly we are getting close to the bottom and the industry is responding by cutting back the growth. >> okay. more bearish than i am on that. that's important because you're an oil man. mark papa, chairman and ceo of eog resources. thank you for coming on the show. >> thanks a lot for having me, jim. >> lo

benchmark crude and north sea bre brent. gold prices snapping a two-day losing streak today. expectations that a greek rescue deal will be achieved. finishing the day at 1746 a troy ounce. eric schneiderman is expected to join a multi-state settlement over foreclosure abuses. he's planning to hold a media call tonight. the deal would force the nation's five largest mortgage lenders to cut loans for about 1 million households. so far 40 states have agreed on a nationwide settlement. the market today, up 20% or better since the october lows. today up fractionally. up 20% since the lows in october. people are once again risk averse. things have become quiet here in the u.s. with the upward movement continuing for the market. how much longer can the calm last with no volume. our next guest doesn't think the current environment can last. joining me is scott rand with wells fargo advisers, along with john derrick, director of research at u.s. global investors. good to have you on the program. i want to zero in on volume for a moment. every day it seems like we come in, we're chatti

sea. the north's military warned that the anti-submarine drill was a provocation. the military gave a warning that it would start merciless strikes if just one shell from the drill violates north korean waters. it added they should remember the shelling of yang pong island in 2010. they urged the residents to evacuate before the drill starts on monday morning. the north has refused to recognize a sea border drawn by u.n. troops after the korean war. observers say the new leadership under kim jong-un intends to tighten its grip on the country and keep south korea and the united states in check. >>> the country plans a series of events for april 15th, including the mass games. the north's new leadership invited japanese researchers, former lawmakers and members of private organizations. also invited dignitaries from countries it maintains friendly ties with, including china and russia. sources say some of the north's top officials voiced reservations about inviting japanese guests. the leadership saw it as a chance to improve bilateral relations. >>> a chinese vessel

snow wrap around, 11:00 tomorrow night and into saturday morning a lot of that going automatic to sea. north and east toward boston looking at a massive snow, maybe six inches to a foot toward bean town. not good to travel on saturday as you go to the new england state but around maryland, just a one to three inch total as we track that next storm. tonight down to 27, seasonablely cold, the two degree guarantee tomorrow 50. downtown a little warmer, temperatures drop quickly, rain to snow quickly into saturday morning. then the chance for snow goes away by saturday afternoon but cold temperatures move in and windy weather through sunday, slightly warmer for valentine's tuesday. >> we have all seen the tebow, now there is a new pose, a brain tumor pulled out and now he is in his bed bed and saying i will fight this he puts him arm up in the strong man pose, dad takes the picture and stars, marines, police, baas coaches, all zaching and he said with every one post that person is supporting ever cancer patient. >> what do you think? >> here is for you zach. >> we will get wyatt to do it on the