others have an estate in this offline to offline submerging effectively. think effectively.think of best buy and how difficult it is for them. alibaba bought the equivalent of best buy, which is called sunni or they invested in it because you need to merge on an offline commerce at me to stop lending using cell phones and others laugh. the main competition in china we collect vat. it's really in my view and sometimes they gang up. they don't live like they do. rapidly it's not a woman friendly founder frankly jack ma and pony ma, they are not related, but it gets confusing. for example, through prayer. in china, cooper is not doing well. but it's one market where frankly they are behind. the recent alibaba both have proxy equivalent and they are very quick to scale because they have this huge distribution. i was so intense the competition between this company that they ended up merging them. they are spending hundreds of millions of dollars, a month on subsidizing. passengers were being paid to get into a car. in one case, alibaba was offering free to drivers. they would com

as well so it will carry over for an offline degree but they will favor the brick and mortar campus. >> before heading to harvard, the first daughter is going to take a gap year. there's been a lot of talk about the pros and cons but really what is the goal of a gap year? >> when it's done well, what it does is frames the rest of your life. if you do it in a somewhat structured fashion where sort of their some reflection involved, students are trying to pioneer and explore a few options for what not only is a career might look like but also the college right in front of them. >> caroline, what do employers think of a gap year? is that something for students to do going from high school to college, taking a break? is that the best route? >> i think it's going to depend on what they do during the gap year. again, employers gravitate towards the familiar. they are going to be looking for academic growth, work experience and so if someone is doing something during that gap year, that contributes to both of those, that can be great for the resume. >> ethan, what do students during the gap

you need to merge on the offline commerce. you need to start blending using cell phone and other stuff. the main competition in china, bat, it's really my view alibaba ten cents. they gang up. the head of ten cents. for example, uber, in china uber is not doing very well although traffic in dc, it's a one market. frankly they're behind. the reason they have equivalents and very quick to scale because they have huge distribution. they ended up. it was so intense with the company dd that they ended up merging them because at one point they were spending hundreds of millions of dollars, months on subsidizing so you were being paid to get in a car, the drivers were being paid and in one case alibaba was offering free beer to drivers so taxi drivers could come in and pick up a crate of beer. it may have improved the driving given conditions on the roads in beijing. interestingly bidu partnered with uber, you see alibaba are investing in the main competitor lift. who uses lift? i think what's interesting this debate, competitive lan

and it's great to goof off, and i do it online and offline all the time.but just understand the difference between work and play. >> while i believe that there are exceptions to every rule, gone are the days are if you write it, they will come. >> yeah. >> there are, you know, maybe a couple of break new authors who can do that -- breakthrough authors who can do that. as johnny said, it's not necessary that you have to do that through social media. i definitely think it is a big part of your success or failure. but if you're not, if that's not who you are, then i definitely suggest find other ways. make the internet work for you. media outlets, i think a lot of times what we try to do is we cast a wide net. we cast net into the atlantic ocean where we'd have much more success fishing in the pond many brooklyn. so i always encourage people become famous where you are and reach out to local newspaperses, reach out to community newspapers, community -- [inaudible] and become famous in your area and branch out from there instead of trying to become famous in t

if this online-to-offline -- i t's this online-to-offline service.nering with motorola -- multiple municipalities and regulators to make sure this is safe and meets the needs of the customers. emily: you talk to the fire department. they said it is not allowed, but it is not illegal. explain. it is not said permitted. they said, if you see something -- they gave me a number to call. there is definitely a level of caution. it sounded like the fire department was saying not to do this. at the same time, i can understand, there is a department of transportation, weights and measures, the state fire marshal. there are a lot of different regulators who have to touch this, and a lot of them don't want to think about it unless the issue is forced. that's where we get this over- -- uber-like mentality. chris: the law itself is clear and we are compliant with all of the laws. that's one thing i want to be crystal clear. emily: you guys think this could eliminate gas stations. how do you scale this in an economical way? chris: gas stations cost a lot of money,

and the rate in alberta, this comes as many companies remain offline in the wake of the massive wildfires>>> we mentioned european banks higher credits boosted a lower than expected loss. and it's been declines in investment banking unit, shares trading lower -- is that right? >> no, that's higher. >> we've got the wrong one, but we'll get it to you. >> the firm's ceo did speak with cnbc about some of the challenges a little earlier this morning. have a look. >> last time we spoke, it was really a scary time. january was the worst january in the history of markets. i was speaking after four weeks of that. since then, february was bad, a little bit better than january. march was better than february. and april was better than march. so we're clearly on an improving trend. >> so, clearly, the overall macro environment is tough. trading was a big point of weakness in this report. but there is some reassurance that the wealth management side which the ceo has changed the focus to looked a little better. >> yeah, definitely and i think flows as well in asia which is one of the reasons he's don

the nearby nuclear plant has been offline and no abnormalities have been reported there. >>> in japan's fukushima prefecture, some people have been waiting for than five years to be reconnected with their dogs. the 201 1 nuclear accident forcd people into temporary housing but as our next story shows, one person's generosity made sure that pets left behind were not left out in the cold. >> a friend in need for man's best friend. he runs an npo that trains rescue dogs and guide dogs in central japan. he's been looking after pets left behind after the 2011 disaster and he's doing it for free. the npa has taken in 48 dogs but only 13 have been reunited with owners. 15 have died without ever going home. the owners of these dogs are still living at evacuees. >> translator: i thought it would just be for a year or so. i had no idea it would go on this long. >> reporter: for the under staffed group, it's been quite a challenge. and paying for health care is never cheap. this dog needs allergy medication. this visit costs about $70. the group relies on donations but they are drying up. >> trans

many were killed instantly or later from the bomb's long-term effects and starting offline reactors. 15% are in favor of restarting them. 47% said they are not and 30% were undecided. only two reactors out a plant in southwestern japan are now operating in the country. >> today's eye on asia starts in the philippines. the country will soon have a new leader and it appears it will be rodrigo took place monday. the special headquarters of the election commission in manila is tallying the votes. millions took to the ballots to choose from a closely contested field of candidates. early tuesday morning, the commission announced it counted the large majority of votes. the mayor of the southern city is in the lead with over 38% of the vote. he ran on a crime campaign and drew backlash from many controversial colts. the president urged the candidates to his own choice tos currently in second. filipinos were passionate about this election. >> here in the heart of manila, campaign pollsters can be seen up to polling day. locals are interested and excited about this important election. filipino

kim: thousands of servers, offline, that hosted the data of millions of users that have used our webervices. a emily: most of your assets are still frozen. -- are now frozen. kim: they are now saying everything they have seized here now belongs to the u.s. government. emily: i know you have said you are broke. would you call yourself broke now? kim: we recently had a judgment from the court releasing $4.6 million for legal fees and living expenses. so at the moment, if that judgment is not appealed, financially, i am in a better position now than i was a couple of weeks ago. emily: have you thought about moving to a cheaper place? kim: yeah, but that would also mean -- it is kind of my last stand, fighting for my castle, for my home. you know, i am also trying to send a message to them and show them i am not going to fold over. you know, that i am going to fight back. emily: right now you are wanted by the u.s. government in the biggest copyright case in history. the charges include racketeering, money laundering, wire fraud, copyright infringement. you face decades in prison. just h

>> most production is offline today. >> rose: what did the rise of shale oil do to the oil market? >> well, it surprised the oil market would be the first thing i would say. but what it really showed the market is there is a fairly resilient source of supply that's available on short notice. much of the oil that's produced are the long cycle time projects that i talked about, but what the shale business showed is that in a relatively short period of time through the combination of hydraulic fracturing and horizontal drilling is we can grow production with the right sort of price environment. >> rose: what's the right price environment to do that? >> well, when oil was over 100, we were growing production in this country a million barrels a day per year. that was very significant. now at $30 a barrel, it's uneconomic, and so it's somewhere in between. the industry has gotten bert at reducing costs but i think it's going to take a price above $50 to really see the kind of contributions to supply that we've seen in the past. >> rose: what's happening to the russian production because

. >> reporter: reuters calculates that at least 640,000 barrels per day of capacity is offline due to the wildfires. canada's total oil sands production is around 2 million barrels a day, most of which is exported to the u.s. the wildflowers are another setback to canada's resource-dependent economy, already struggling under low oil prices. >>> when oil prices came off their highs late in the day, so did the broader stock market. by the close the major index finished the day volatile with fractional gains and losses ahead of tomorrow's employment report. the dow jones industrial average was up 9 points to 17,660. the nasdaq lost 8. s&p 500 was .5 points lower. >>> something else happened on wall street, a key part of the u.s. economy, retail, had a very disappointing showing. bob pisani explains. >> reporter: even though there's less than a dozen companies that still report monthly retail sales, those that did report april numbers disappointed and confirmed the spring selling season is off to a slow start. l brands, they make victoria's secret, especially disappointing. sales of the v

certainly with your example of penn state that has a brand name offline as well so that will carry overto an online degree but employers will safer what they know and that's the brick and mortar campus. >> the first daughter is going to take a gap year, there has been a lot of talk about pros and cons of that but what is the goal of a gap year? >> i think a gap year when it's done well it frames the rest of your life honestly. if you do it in a somewhat structured fashion where there's some expression involved, students are trying to find out what a career might look like but the process that's in front of them. >> what do employers think of a gap year? is that something for students to do going from high school to college, taking a break, is that the best route? >> i think it's going to depend what they do during the gap year. employers are going to be looking for academic growth, they're going to be looking for work peerness why. if someone is doing something during that gap year that contributes to both of those, that can be great for the resumÉ. >> what exactly do students do for th

one-third of daily crude output has been taken offline due to the wildfire. the can we is when can production be brought online? sun corps says in a statement, we will begin to return to operations when the infrastructure in the region can support our start.and we are confident it is safe to do so. right now we don't know how long that will be. today officials got their first good look at the damage in ft. ft. mcmurray and hopefully some answers for the thousands of displaced residents at evacuation centers like the one behind me. for "nightly business report," i'm dierdre bosa in edmonton, alberta. >>> let's turn to john kildoff to talk about what the canadian wildfires and the saudi shakeup means for the oil industry. he's founding partner of again capital. good to see you. we left off with dierdre so i'll start there. what long-term impact do you think this is going to have? >> i think this should be fairly transitory, fairly temporary. maybe no more than a couple of weeks. we kind of got lucky as consumers in terms of the way this fire ended up going and

>> you and i can talk offline. if you read some of the things i've published, it's very clear what my stance is on that. >> okay. i like what you published. we're good. >> some people do. >> and my second question is, in regards to the training, we focus a lot on the army training and how they do it. i'm not sure how the army does their training, i'm just sure what the marine corps does. basically, i'm unsure if what obviously the basis is going to be about the same thing about what to do for sexual harassment training. however, i'm not 100% sure if we are all taught across the board on procedures and what to do, especially when we're in environments like afghanistan. so when i went to afghanistan, i was the only marine in the army unit. so it's a different environment. we are -- we are different traditions. so if something had happened overseas, okay, i'm going to tell my staff sergeant what happened and then they go talk to the army and then there is some kind of -- well, we don't do things this way. we do things

currently evaluated as the overall update in the capital improvement plan and taking this facility offlinenduring the construction from to years fits within the capital needs in terms of providing transit services so following the assessment of how these developments will fit into that capital program follow-up with the feasibility analysis and look at it everything from the financing to how like the residential use or mixed use will help with the facilities and to various code and architectural considerations so with that, that concludes my presentation. i'll be happy to answer any questions you may have. >> thank you and first of all, i do want to appreciate that sfmta has been working closely with planning and the mayor's office of housing and our office to build affordable housing on the fourth and fulsome site we really appreciate that collaboration and partnering over the last couple of years and it is great to see that sfmta is really looking at the portfolio to identify sites so far affordable housing given that mta has amenities so it is appreciated i think that is we're looking a

currently evaluated as the overall update in the capital improvement plan and taking this facility offlinenduring the construction from to years fits within the capital needs in terms of providing transit services so following the assessment of how these developments will fit into that capital program follow-up with the feasibility analysis and look at it everything from the financing to how like the residential use or mixed use will help with the facilities and to various code and architectural considerations so with that, that concludes my presentation. i'll be happy to answer any questions you may have. >> thank you and first of all, i do want to appreciate that sfmta has been working closely with planning and the mayor's office of housing and our office to build affordable housing on the fourth and fulsome site we really appreciate that collaboration and partnering over the last couple of years and it is great to see that sfmta is really looking at the portfolio to identify sites so far affordable housing given that mta has amenities so it is appreciated i think that is we're looking a

beginning with the wildfires, right now we're looking at about a million barrels a day coming offlinemarket is seeing this as a short-term disruption. a lot of work is being done to contain those fires and the weather is cooperating as well. so this doesn't appear like it's going to be a long-term risk to prices. meantime, let's switch gears and talk about the saudi ouster of al naimi. you know, this was expected for quite some time when there was a regime change, there was an expected cabinet reshuffle. people have been talking about it. he's aging in years. so this is part of the new regime's vision of setting a stage for a new future. and also, the new oil minister probably will be on board with the same kinds of policies and in better condition to be able to take on this aramco ipo. as the market is mulling that news, it's not a fierce story out of saudi arabia at this point and that's why the prices are coming off, guys. back to you. >> jackie very much. jackie deangelis. >>> amc movie ceo adam aron when we come back. gearing up for the new season after the blockbuster debut for

use your phone for e-mails and keep everything else offline. three, grow your skills.et aside a couple of ted talks to listen to on the road. subscribe to podcasts that will keep you up to speed on the latest news in your market. four, stockpile reading material. use your travel time to get caught up on that industry focused newsletter you've been meaning to read or the latest business management book your mentor recommended. five, practice networking. waiting areas can be great places to meet new people. strike up a conversation and brush up on your communication skills. you might even meet your next business contact. >>> in 2001, celebrity lawyer robert shapiro alongside attorneys eddie hartmann, brian lee and brian lu launched legal zoom. they had a vision to disrupt the legal industry. under the guidance of ceo john su, the company is a far cry from its beginnings. it's now the leading legal brand for small businesses and consumers and in 2015 it even branched out to the uk. we sat down with john to talk about what guides innovation and why boundaries are necessary

course, overall e-commerce has been taking market shares from offline sails.hink different two alibaba's management who has an optimistic view on chinese consumption going forward. jds management holds a cautionary tone on the earnings call last night. first of all, more than half of jds growth merchandise value is electronics. rishaad: sales up 9%. -- 48% up. this growthlf of merchandise value are coming from home appliance and electronics. and j.d. have been targeting high-end urban shoppers, which demand higher-quality and branded products which may be more effective during economic downturn. rishaad: you say the management is downbeat on the prospects of this but do they have a timeframe as to when things might get better and have a turnaround? michelle: they don't say specifically. rishaad: they would never actually say specifically. michelle: in the medium to long-term, i think they are still optimistic njd will still be a good start to play on rising chinese middle class and rising chinese consumption overall. rishaad: did they have a series of new init

canadian oilsands facilities represented 90% of production taken offline during the all purdah wildfireerged unscathed. of fortns north mcmurray are bringing back some of the one million barrels a day of supply that was curbed. although fort mcmurray lost 2.5 thousand buildings, the mast majority -- the vast majority survive, including the water treatment plant, hospitals and schools. netta has says that annual income would decline for the first time in five years. net income may drop to $13.8 billion for the fiscal year below analysts, estimates and comes as currency swings have spurred record profits now pose stiff h eadwinds. news 24 hours a day powered by 2400 journalists in 150 news bureau around the world. francine? francine: thank you so much. markets pretty much flat this morning. a little bit on the higher side. let's get straight to mark barton with your asset check. mark: goldman sachs says the dollar slump is over. they are not always right when it comes to currency forecasting. they close the dollar position against an equally weighted basket of yen -- in february. they say

currently evaluated as the overall update in the capital improvement plan and taking this facility offlinenduring the construction from to years fits within the capital needs in terms of providing transit services so following the assessment of how these developments will fit into that capital program follow-up with the feasibility analysis and look at it everything from the financing to how like the residential use or mixed use will help with the facilities and to various code and architectural considerations so with that, that concludes my presentation. i'll be happy to answer any questions you may have. >> thank you and first of all, i do want to appreciate that sfmta has been working closely with planning and the mayor's office of housing and our office to build affordable housing on the fourth and fulsome site we really appreciate that collaboration and partnering over the last couple of years and it is great to see that sfmta is really looking at the portfolio to identify sites so far affordable housing given that mta has amenities so it is appreciated i think that is we're looking a

. >> we will bet offline afterwards. i would say exaggerator can run.over-bet, but he can run. oscar-nominated is a joke in this race. seven breaking news -- sudden breaking news, i can't back him much but he can run a little bit. vonnie: 20 horses in the race this time. conditions might be tough. >> 20 is what they do just about every year. it is the most you will have in any race in america. there is an additional concern. there is a japanese-owned horse that arrived. ever since he arrived a few weeks ago, he has been acting erratically in the morning which is creating concern he will act erratically during the race. when there are 20 horses on a tight track, it has everyone a little on edge. mark: really quickly. what is better, the kentucky by as we call it in england? >> i'm probably biased, but i will go with the kentucky derby. it is true that we stole our idea for the race from you guys. mark: the european close is next. stay with us. ♪ vonnie: it is 11:00 in new york. 4:00 in london and 11:00 p.m. in hong kong. i am vonnie quinn in for betty li

we're offline. and what i can tell you, as we're working with the relevant government agencies and other businesses, we're pretty confident that we'll be offering it today. it is quite different if someone bought and it owned it long term. >> there were about 50 million people in the chinese middle class. five years from now that number will be almost 500 million. this is unprecedented. >> parsing every word of your conference calls, you did not talk about middle classification which made us feel something was wrong. >> no. it was my error for not talking about it. i could not be more optimistic about china. i think the long term thesis was, in fact there has never been anything like it in the history of the world. i'm as optimistic as i've ever been. lo lots of people. ? this is another huge one. india will be the most populace country in the world. india has about 50% of their population at 25 years of age or younger. a very young country. people really want smartphones there. and this year, the f

currently evaluated as the overall update in the capital improvement plan and taking this facility offlinenduring the construction from to years fits within the capital needs in terms of providing transit services so following the assessment of how these developments will fit into that capital program follow-up with the feasibility analysis and look at it everything from the financing to how like the residential use or mixed use will help with the facilities and to various code and architectural considerations so with that, that concludes my presentation. i'll be happy to answer any questions you may have. >> thank you and first of all, i do want to appreciate that sfmta has been working closely with planning and the mayor's office of housing and our office to build affordable housing on the fourth and fulsome site we really appreciate that collaboration and partnering over the last couple of years and it is great to see that sfmta is really looking at the portfolio to identify sites so far affordable housing given that mta has amenities so it is appreciated i think that is we're looking a

they're losing $55 million a day they're offline.il production is the life blood of this kma economy here in alberta. it's already been hit by lower prices. even though we're seeing it trickle back online, there's still a lot of uncertainty that lingers for oil markets for many of these companies and especially, especially this human element here. remember 1rk 00,000 people were evacuated. they still don't know when they're going to be able to go home. the premier said it could take weeks to even come up with a timeline. i want to show you some of the media coverage. it's a bright side to this story here how canadians are dealing with this adversity. i've got some newspapers here, local ones and national ones. i say despite fort mac devastation, still saved. one more says ft. mcmurray is still here and certainly you see evidence of that all around town here in edmonton where many of the evacuees are still here. >> the fact they have to sate's still here tells you about the scale of this. i understand it's one of canada's worst natura

that's going to end up accelerating energy inflation as more oil goes offline, not crimping it. higher rates won't stop this kind of inflation. if anything, totally logical. a rate hike would actually make inflation worse. you know what's the true oddity of this debate? the most ironic part of the intersection? the hardest hit portion of this market today was the portion that the consumer interacts with, retail. the same as last week. you know the s&p 500 isn't just dominated by retail and apparel stocks? they're the only ones on it. i checked today. the only ones. what makes this ironic? the chief reason my stocks are on the new low list, they can't make anywhere near what we thought they could from the estimates. amazon is crushing the retailers. somehow this positive part of the story is not reflected in aggregate numbers. sadly for the bulls, we're in the exact opposite mode we were yesterday. talk of inflation has led to declines in the packaged good stocks. that's because their beneficiaries have lower inflation and they have bountiful dividend yields. if the fed tightens,

i have three teams then i will get off to take the answer offline. when you read something he think of the oral history that the bible was writtenion but there are others before that somewhere deep the about american adding the food show's going around thting the biggest hamburger would you think of consumerism? >> guest: did you take those down? >> host: consumer is some i missed the second one but what about consumerism? >> none of them had a universal god so they're only applicable to the tried and no religion prior to the hebrew bible has said it you should love the foreigner is where the most ubiquitous statements of the first five books in the bible because you were strangers to the land of egypt and the idea that all people are created in god's image of course, there was religion prior but this is the first book in the history of the world to branch out with human sacrifice. with that spectacular revolution and the willful ignorance and human sacrifice it was accepted universally and it is an abomination. to sacrifice human beings. >> host: he

. >> reporter: offline there's more happiness in volunteering and spending time with his partner, linda>> this is one of the best years of my life. >> reporter: more memories to eventually share with the world with time. to pass so can i do it again. >> reporter: in cleveland park, angie goff, news p -- news4. >> let's check on our forecast and see if it's grilling weather later today. >> grilling weather already. 81 now in the district. highs today in the jum eupper 8. scattered showers and thunderstorms towed and tomorrow. i'm not too concerned about any severe weather and we're not talking about widespread activity at all. saturday temperatures lower, humid but temperatures still warm. a chance of a shower or two, maybe a rumble of thunder on memorial day with a high of 81. doug and i will have the latest coming up on news4 at 4:00. >> thanks, amelia. barbara and i are going to go run outside and grab some of that's all ♪ >> announcer: today on "the meredith vieira show," we are talking "what's hot now." why a teacher is losing her job after a student still her phone and white school

one-third of the country's crude output has been taken offline due to the wildfire.he question now is when can production be brought back online? they just don't know. sun corp. canada's biggest oil producer says in a statement we will begin to return to operations when the infrastructure in the region can support our startup and we are confident it is safe to do so. right now, we don't know how long that will be." today, officials got the first good look in ft. mcmurray. and hopefully answers for people in evacuation centers like the one behind me. cnbc business news, edmonton, alberta. >>> well, crude prices, they've been getting a bit of a boost. oil supply disruptions both that canada, as you just heard, and nigeria have taken on 2.5 million barrels of production off the table. good morning. >> good morning. >> a little boost coming through. how much of it is from now knowing that the wildfires do look like they're under control at the moment. and that it might not continue to impact the extent that we've feared? >> see, the canadian one is the large one, but it'

few percentage point difference, and the way that works is you get people online to do work for you offline of get people who are your supporters to get fln supporters of people in the center voting for you, and there's no evidence that twitter works that way. i mean, twitter is really good at kind of, as you said, like getting the really -- the red meat out, right? like you can get people -- you can get people whipped up that way and when trump has kind of gone to the center and tried to pivot, you know, the cinco de mayo tweet was an example of there where he showed himself eating a taco bowl. >> yeah. >> that was ended up -- it sort of backfired. he did dominate the media but mostly people were making fun of him. >> that may have been a misstep, but you did point out that trump's twitter feed was kind of like its own wire service. i would say it drives coverage everywhere, your newspaper, magazines, et cetera, so, therefore, i take your point but i think it's not to be underestimated. thanks for getting up early out in california, great to see you. >> hey, good to be here. >> still to co

it was showing system offline earlier. come in and buy a ticket.we've got at least a half dozen people in this store. >> i thought we would get a win. >> you remain hopeful. >> i'm a very optimistic person. >>> we are another step closer to robot cars that will create self-driving taxis. >> they are not talking some day, they are talking soon. >> lyft will team up with general motors and use gm volt electric cars to bring self-driving cars to some cities. they won't say which. this is video provided to us by lyft. the car would be driven by robots. most state laws say an autonomous car have to have a human at the wheel to take over. gm bought a san francisco-based company developing sensors for automated cars. while we don't know which city lyft will introduce these robot taxis to we are leaning to san francisco. there are all kinds of jobs that can and will be automated. robots are taking over for long shoremen saying ports an incredible amount of money. the pacific maritime association says the average long shoreman on the west coast makes $98,00

. >> and when you see the apple content taken offline, and then the next day facebook wins the intellectualdispute, and do you believe that is going to be contingent on how the executives approach the market? >> without question. the market in particular has shown that the chinese government how facebook would behave if it is allowed in china, and he is winning a lot of points in lecturing and taking the morning run. that is amazing. >> and not a lot of the executives can say that for sure. hans, i know you raced the new fund to invest in china, and as it is going to be moving, come back to talk to us about it. >> i would be happy to. >> thank you, hans. >> and when not the buy apple, and according to a top case, and are plus this afternoon, north carolina governor pat mccrory is fw going to be joining the "closing bell" to talk about his state's bathroom law. >>> hi, everybody. i'm sue herera, and this is the cnbc news updatet that hour. a white former south carolina police officer charged with murder murder in the shooting death of an unarmed black motorist has been indicted on federal ch

i think about how much gold production has been eviscerated and taken offline by either perceived bankruptcies or cap x, but new projects. not a lot of gold coming online. there are industrial uses for gold. there will be actually this crump, and i think that's what drives gold higher. that's a commodity call that i think we're seeing across that complex. >> still ahead, why is warren buffett still holding on to ibm and american express? we'll hear from him in his own words. >>> time warner, cbs, and fox reporting earnings this week. we'll tell you which one traders expect will have the biggest move. we're back right after this break. believed leadership is about vision and integrity, confidence, inspiration, and passion. ♪ pitching wedge. thanks phil. and always having the courage to take your best shot. see the best of the best at the kpmg women's pga championship >>> we will not sell businesses except for the reasons that we lay out in our economic principles. we want anybody to buy berkshire to understand how we think. so we have a section in the back called the principles of berkshire hat

they have gone offline in the area as a precautionary measure due to pipeline disruption as well.e thought that things looked kind of -- things were moving toward an end to the wildfires but it's turned. >> exactly. >>> meanwhile, over in nigeria, oil production has been cut by almost 40% due to militant attacks according to the country's oil minister. the delta avengers have carried out a growing number of attacks in the region, continuing to claim independence and calling for a larger slice of oil income. louisa, as we were pointing out earlier, definitely part of this bounce is due to supply disruption, some raising if they are temporary, what kind of effect does this have going forward but with goldman sachs yesterday, they're seeing a movement. >> we've come back up towards $50. very swiftly, right? this happened quickly. a lot of oil analysts are saying pay more attention to what's going on in nigeria. the output is at a more than 20-year low. i was talking about that the other day. so we are seeing huge changes to output especially from large countries that we're used to ge

. >> does the nordstrom result suggest online versus offline and not this cyclical consumer fear?think yes or no. i think it is a problem for department stores right now. over time apparent clothing sales have fallen. so that pie has gotten smaller and then the number of players going after that pie has increased and online is definitely playing a part. nordstrom though is actually one of the better retailers on line. something like 20% of their sales. from other retailers it is much smaller. but it is just not the merchandise people are wanting to buy right now. >> i've read the nordstrom transcript. and i was stunned at how technical some of the analyst questions were given the fact that this is a sector and a company facing some serious structural exist tenl head winds. what is the questions investors need to ask themselves whether to buy on this major dip? >> there are big questions going forward about the future of department stores and that traditional model. so i think investors really need to ask themselves whether or not they believe this is a sustainable model going forw

about a quarter are of canada's oil production by the way has been put offline until the fire is contained. >> thank you for the report. >>> and we are learning more about the man arrested in that shooting rampage in maryland. the suspect now charged with several counts of murder in the two-day spree that left his estranged wife and two others dead. here's how police say it played out. >>> and donald trump and hillary clinton feeling so confident that their names h will be on the ballot in november, they're out with a fresh round of attack on each other. >>> and political experts telling fox news the party of front runners may need to shift their strategies ahead of the general election. all of that coming up. >> it's a whole different operation to be selected by the party and to be elected by the people. it's a sea change. whoa. what's going on here? oh hey allison. i'm val, the orange money retirement squirrel from voya. val from voya? yeah, val from voya. quick question, what are voya retirement squirrels doing in my house? we're putting away acorns. you know, to show the importance of

barrels, now some people are suggesting it could be a million and a half barrels per day that's coming offline canada. it is fwoigoing to take a while get the workers back to the sites and get the production facilities up and running. some people were suggesting yesterday it could be a couple of weeks. now they think it could take a little lupita nyong'oer. canadian impact sending prices up about 2% on the session. we're very range bound so over $44 we're at the top end of the range at this point. and traders still expect for the next few weeks potentially months to be in that volatile range of $35 to $45 a barrel. but there are some other considerations here to take into account. first of all the dollar. the dollar index has been relatively low. that's supporting these prices, but also it's been creeping up the last few days. shows you the sentiment on the back of this fire right now is to the upside. i'll also add we have inventories on deck. we'll get the api numbers tonight. the department of energy numbers tomorrow. expecting a small build in crude, but again, draw downs in disla ladistil

production coming offline here. >> volero is down -- >> you're going with chris's chart? >> chris talks about how overbought oil can be. think about where we were on the way down. you can't tell me we're starting to get data that says demand is better -- >> then the refiners are -- the only place i agree is if oil sells off, refiners are buying. >> i get they've been defensive. but diesel margins and things that drive their profitability have been shown to be strong in the last month. >>> up next, very quietly one mega cap tech stock near key levels. got traders very excited. >>> plus, all signs are pointing to a june rate hike. peter schiff said there's no hike coming in june, or ever for that matter. he's fired up even by ian's standards. >>> could there be signs of trouble lurking underneath? why this rally is looking like one short squeeze. ♪ you're not gonna watch it! ♪ ♪ no, you're not gonna watch it! ♪ ♪ we can't let you download on the goooooo! ♪ ♪ you'll just have to miss it! ♪ yeah, you'll just have to miss it! ♪ ♪ we can't let you download... uh, no thanks. i h

what he's saying, certain properties, offline, talking about twitter, they know facebook's doing very well, one of the things that twitter did say is they are changing more towards video ads. that was one 6 tof the reasons the bad guidance. maybe budgets are being redistributed. we talked about the election year, it's going to be big for tv. but don't forget the second stream lastly on cbs, expected to have about 20% eps growth, trading 14 times. >> i thought the most interesting thing was the election year. we know there's going to be huge advertising coming. every election cycle, newspapers and tv. so places i would look is newscorp, that's another way to play this. "new york times" is another way to play the election year. >> are you saying you like this? >> i like this along with. if you want to pick something else, say, maybe disney's not going to get as much ads, and you want to offset any market risk, you could short disney against buying cbs. that's not a knock on disney, just to do a pair straight. >> what has one top strategist saying the s&p is about to rally another 11% hi

pipelines in the area and oil production in the area have shut down. 46,000 barrels of crude offline.ffecting the global price of oil. oil settle at 44.22, we are slightly below it in electronic trading but spiked about $2 this morning. had remained pretty high. there's word that this fire could shut down huge swabs of the electrical grid in the region. we should also if we can check conocophillips, evacuating a small oil project. so phillips is down about a half a percent. we've got the only mover, chevron up half a percent. but marathon, murphy down on a big story here right now. while there have been no casualties reported so far due to the fire, and we have dry and windy weather conditions. those are fueling the fire expansion. so i want to bring in jeff. if we can keep some of the pictures up, folks, because, jeff, west texas crude here and overseas spiked. what are traders anticipating if what we see on the screen continues to spiral further out of control? >> well, again, there's no question that it gives a reason for the upside here. but remember, this is very small amount of