c-span: by the way, is this the peabody family, the indicate peabody family... >> guest: no. c-span: ... that ran for vice president at one time? >> guest: no. no, no, no. c-span: they are not politicians at all? >> guest: no, no, no, no. i mean, distantly related, but this is the poorer branch of the peabody family. no, no, no, no. this peabody family has sophia, the sister married hawthorne, mary peabody who married horace mann, the educator and also the congressman, and then elizabeth, who actually brought kindergarten to the united states. they were very interesting group. c-span: elizabeth peabody brought kindergarten to the united states? >> guest: yeah. c-span: how? >> guest: yeah. well, she read about it, she went over to germany. she was a schoolteacher, she worked with bronson alcott and she developed early childhood education techniques. c-span: what's the relationship of bronson alcott to ... >> guest: peabodys? c-span: no. >> guest: hawthorne? c-span: why can't i think of her name? louisa ... >> guest: oh, louisa's father... c-span: louisa may alcott. >> guest: y

there is peabody coal in montana as you know when wyoming. i couldn't believe it. the last shawnee and we had never known that even though we had the meeting to them. and he said it gets even worse, just get ready. and so i stood there i kept looking at this man who changed before i enter a six iron and i said what are you doing and he said clean coal. you've got to invest in clean coal. last year we gave $1.4 billion to the coal industry to subsidize carvin captor and storage in this ridiculous that somehow we can capture the carbon emissions and put them back in the earth and i skipped every science course it never took one in college but i know enough to know that not one scientist can stand here in front of me today and say carbon kept in storage is feasible within the next ten or 15 years that it's economically cost-effective that we know what is going to happen when you put that stuff in that we even have the room to put the carbon in but i do know in economics and production that it's going to take 30 to 40% are coal production to generate the energy to capt

we will talk about that and with the peabody energy ceo gregory boys. >> and also, the most heavily traded stocks on the nyse is citigroup leading the list down about 1.5%. >>> you are watching a special edition of the "closing bell" from the new york stock exchange. >> welcome from new york times square in new york city. starbucks is up 7.5% after the company reported strong earnings last night. they reported $27 million which is up from last year, and they boosted the 2010 profit forecast. joining ne an cnbc exclusive to take us through the numbers is howard schultz who is chairman and ceo of starbucks. good to have you on the program. thanks for coming on howard. >> thank you for having me. >> can you characterize the quarter for us? >> well, it is big. the big story is traffic returning to starbucks, and the transfer that the company has gone through in the last year and a half has demonstrated the resi resiliency of the brand, and the quality of the coffee differentiates itself, and despite the downturn of the economy, the business has returned and we are focusing our attention on all

peabody has asked the government to intervene. analysts are saying this could be a stalling tactic because peabody, they might be trying to have some of those major shareholders like cnoc and others come on board. >> lots of strategy going on behind the scenes there that we don't know about. let's get a quick thought from darius now. darius, looking at your notes, i understand that you're actually buying the japanese yen. >> yes. i believe that will be the most attractive currency for the remainder of the year. i think the threat of double dip in the global economy towards the end of the year will lead to a reversal to the current trade, a flight to assets such as treasuries, they're active right now, and the japanese yen. and 109 to the euro. >> we'll have to leave it there, unfortunately. darius, thank you very much for your time. nicole. >> coming up on "worldwide exchange," first, it was delta and northwest. now cnbc has confirmed that united and us airways are in merger talks. plus, british airways and iberia have just signed

as a matter of fact, in 1974, in a senate race, i was on the bumper sticker squad in peabody, kansas. that was my first involvement with senator dole. i later went to the university of kansas. in 1985, i had the opportunity to get -- through a friend to get an internship in senator dole's office. that was the start of my official capacity. in 1986, i moved to washington, i was able to work for several -- well, i'm sorry for the balance of '85, i worked as a volunteer in his campaign office in washington. and then in january of 1986, i was offered a position as the junior staffer on what was then his finance fundraising staff for 1986 reelection campaign in alexandria, virginia. and i gladly took that job, having no other alternative. [laughter] >> so, and in march of that year, senator dole having been elected majority leader the prior year spent a lot of his weekends campaigning for others. and so there was a need identified for someone who was available on weekends, would work 7 days a week, i think i had the added advantage of being a fellow kansan, i was asked to go on the campaig

i was afraid he wasn't going to come back, because when it was time to leave the hotel, leave the peabody and go to the airport, to catch the plane back to washington, he was nowhere in sight. i was prepared to call the police. and decollar him a missing person. but then as i started to get onto the plane, i saw him at the head of a column of about 20 people, musician, playing their instruments as -- and marching toward the plane. and after i got over my shock, and perhaps, embarrassment, i got on the plane and he got on and we flew back to washington! but, he was very much an independent person. and i don't remember, frankly, what his view was on the panama canal, i was so intimidated by his other to the tributes, i don't remember but i do remember this: i remember the remark, mrs. carter reminded me of it, that i believe you reminded me of it, he said, once, the panama canal was ours, we stole it fair and square and we ought to keep it. [laughter]. >> which was very hiakawa like. and, incidentally i have, since that time, and i'm glad it was since this time read a good bit about teddy r

and i was afraid he was going to come back because when it was time to leave the hotel, laid the peabody and goes to the airport to catch the plane back to washington, he was nowhere in sight. i was prepared to call the police and declare him a missing person. but then as i start to get on the plane, i saw at the head of the column of about 20 people, musicians, play their instruments and marching toward the plane. [laughter] >> well, after i got over my shock, or house embarrassment and i got on the plane and he got on and we flew back to washington. but he was very much independent person, and i don't remember, frankly, what is he was. i was so intimidated at the time. i don't remember, but i do remember this. i remember the remark mrs. carter reminded me of it, that i believe, he said once panama canal was ours, we stole it fair and square and we ought to keep it. [laughter] >> which is very hal koh like that it was too. incidentally, i have since that time read a good bit about teddy roosevelt and his administration of the way he manhandled that situation. i don't think i would have

peabody. sherman and mr. peabody. we go way back. rocky and the bull winkle fans probably remember us. i found myself eventually to be able to answer the question and i would give you milestones along the way. those who are the smartest will answer the questions before i get to them. before we get to, 1250 working back starting with 19931907. little trickier. 1834. 1454. 11 '05 3580. then we go back to 1250. i will trace the history of what they do in the book of our economic civilization their credit and debit because basically that is what built this civilization and what it took it down. it took it down a notch. curious lead 1250 bc the first prohibition a number in the civilized world against use three that is really just lending and interest what banks do today, but in 1250, it was the first culture to ban use three -- use three was jewish culture, moses. he says the foul lends money too any of my people that all shall not be to him a user of but they shall lay upon him usury. in all other civil associate -- civilizations were f

. ♪ [ cheers and applause ] >> jimmy: our next guest is a peabody-award winning television news journalist>> jimmy: right there, the roots! >> thank you for that song! thank you, thank you. >> jimmy: thank you so much for coming on this show. >> hello, mr. jimmy fallon, how are you? >> jimmy: the last time i saw you, you let me crash your show. i hope you didn't mind. >> you -- that was one of our favorite days. what was it, the late -- wait, the late night housewives? >> jimmy: yeah, "real housewives of late night." >> it was genius. >> jimmy: oh, no. we dressed up as our wives. me and higgins and a couple of the writers and stuff like that. and then we crashed the "today" show set. and you were so nice to us. we have a clip of it, actually. >> oh, good. >> i have had enough. i will shut it down! where are they? where is the "today" show? >> denise is one way, i'm another. i'm like a bugati veyron, like a really sleek, sporty machine, and she is like a kia sedona. i mean, it gets the job done. [ laughter ] >> enough, enough! stop talking right now! okay? excuse me! now. >> we're on the "t

that has a lot to do with what we saw in the -- peabody selling some coals in india. i think you're seeing also m & a activity drive this space. be very careful being short here. in fact, i think valuations will probably go higher. i think citi is a little late to this party. >> mel, in clf specifically, a name na jarj and i have been talking about, if i ron contracts fall the way they plan, we're looking at par or par 105 price ing. the stock is up 75, 76 currently. as tim was saying, you could get squeezed out as far as a short play as well. >> want to talk a little bit about the -- what was so interesting and citi definitely flagged this, arch is much more of a thermal coal play. jon, your brother pete talks about these coal names. so excited, pounding the table, all giddy about them. here we have a thermal coal upgrade. do you like this call? >> yeah. i do. because quite frankly, what's going on with rri, that's a merger of two big power generation companies. that, of course, is thermal coal. you can see you're consolidating command with this merger. also to steve

we have operators for 100 years and i defy anyone to go back and see where peabody had a tragedy like this, where bethlehem -- it never happened. this company had two of these tragedies in upper big brand and i want to report something. these miners are scared to death. they are intimidated. this company is run like it was 1921. that is the truth. you don't have to take my word for this. i can tell you the communities and the people of western junior had enough of this and they are ready to take a position. my position is when you talk about criminal prosecution, now all is the time because people who knew this was going on, no question in my mind that the people at the top and the board of directors knew that this was in this kind of shape, this ceo doesn't live a thousand miles away. he checks on these mines every single day. you have to understand when you have people like this, we share the whole federal government responsible. how can accompany be allowed to put people in this kind of a position. congress should take a position and say we are not going to tolerate this. this is n

the secret to caring for a patient to quote physician from many years ago, francis peabody at harvardly trained coming to the end of his life. he says you know, the secret to caring for the patient even though i know i'm come together end of my life is to care for the patient. really care. i don't see that. i see doctors coming, taking care of my diseased organs. >> right. >> but i don't see the care that another human being needs from physicians. >> we often hear about traditionally bedside manner. that doc has a good bedside manner. that one doesn't. is there a tradeoff there. but is that part of what we're talking about here, a little beyond bedside manner, grant you, but somebody who relates to that person and what they're dealing with on a whole different level. >> go ahead. >> caring for the patient as dr. williams said. sometimes doctors are, i believe, a bit disappointed maybe or they feel that they should have been able to find something that may be is causing the patient situation to progress rapidly. they feel that the technology is not what it should have been and they wer

i defy anyone to go back and see where peabody has a tragedy where aramco had a tragedy and it never happens. so upper bay bridge and i want to report. those miners that work at massey are scared to death and intimidated and run like it was 1921 not the present day. that is the truth. don't take my word only for the miners but the communities are intimidated prick of the people of west virginia have had enough and they're about ready to stand up and take a position. but my position when you talk about criminal prosecution , now is the time because people who knew this was going on, no question in my mine to the people at the very top and the board of directors was in discounted shape, the owner of this company and president ceo does not live 1,000 miles away but louis in the coal fields every single day and fear and intimidation is the role. let me tell you we have to understand when we have people like this and we should own the federal government but unless they tell you, a company can be allowed to put people in this kind of a position? congress should stand up and take a position

online and american presidents and.org also good to seize banded york to find the series it did win a peabody award we hear a lot about that series done in 1999 that was 11 years ago how long ago that was done. you may remember one from last year we will ask her where she is currently reading we're getting the calls through high-tech try erase board. >> i am not reading anything right now. of my time has been spent packing boxes and moving. >> host: the first time ever you're not reading somethin >> i am going through withdrawal 27 she watches all the programs before it goes on air what did you find in treating? >> it was the almanac i was saying calvin coolidge was a president i never learned about in school. we skipped over him so i found it fascinating. >> host: and the shades are very california. or again you have been patient what would you like to see on booktv. >> caller: more on the topic of linguistics and cognitive finance but i am calling because i would like to see booktv prime time during the week it is a great alternative to other tv. >> host: have you seen it when we have done

it did win a peabody award. mark farkus put that together and we hear a lot about that.hat was done in 1999, so that was golly of 11 years ago was how long that was done. tiffany you might remember from last year works with us on booktv. i want to ask her what she is currently bidding. she's holding up the phone calls. you can see where i am getting the phone calls from you all through the high-tech drawee race board. what are you reading? >> caller: i'm actually not reading anything right now because i just bought a house so all of my time has been spent and packing boxes and moving. >> this is the first time ever you are not reading something. some days. i'm going through with drought. >> tiffany watches all the programs before they go on air how on book tv. a program that he watched last week that he found intriguing. >> actually it just aired before. it was silent cal's almanac. i was telling that calvin coolidge was the president i never learned about in school. we kind of skipped over in and went straight to fdr's why naturally found it absolutely fascinating. i wo