i'm a precious metal strategist at rbc. liz: what's going on? >> what is going on? different commodities. first, let's take gold. what went on in gold, we have lost about, oh, i would say 20% of our open interest since last august. liz: now explain to people what open interest is. this is something that george loves to watch. >> these are people that are long and short together. it shows you the level of business that you're doing of unfulfilled contracts. and so we were in august up to about 492,000 and as of last night we have at 407,000. and so we have lost quite a bit of what we call open interest. liz: action. >> which means that when the prices went up, people were only buying back previously sold positions. we were not getting new business. and when the market went down, we were not getting short sellers but we were getting people who liquidated their positions. all of this means, that we now have less people owning futures contracts of gold, which, tells me that also, less people are in the etfs, exchange traded funds for gold. liz: what should that tell a s

rbc's mark sue.at board there, apple stock, which is sitting at 390, below that 400 mark today, and probably one of the reasons why we're seeing the nasdaq underperform the other two eindices. >> you know, you wonder how much longer he might have, was the strategy was all in with microsoft. see if that works. coming up after the break, a story that's going to tick you off, that adds insult to injury in boston. everybody has different investment objectives, ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> what you've got in front of you is a drop of 116 points no

graeme mcdowell your rbc champion. >> more coming up at 6:00. >> that little ride to work dance. >> exactlytly. >> historic. thanks, shu. >> ahead, the effort to save a species from extinction and >>> coming up at 6:00. look at the mess left at golden gate park after thousands of people flocked to the are a big pot party. why you will now have to pay to help clean this up. >> after reese witherspoon arrested. what she said to officers -- gasp -- that got her in hot water. >>> sierra nevada bighorn sheep are once again roaming the southern end of the sierra never damp wait was quite an effort by the state wildlife workers who had to capture the sheep and then transplant them. wildlife officials say the sheep are toll rabbit and adaptable and this the first new herd at the southern end of the sierra for the first time in 20 years. that does it for >>> welcome to "world news." tonight, inside the capture. the extraordinary, new police video. stun grenades lobbedt boston marathon suspect right before his arrest. and tonight, he is answering prosecutors' questions for the first time. and we are

:rbc ( cheers and applause ). >> jon: welcome back.y guest tonight the star of mad men, please welcome to the show christina hendricks. ( cheers and applause ). thanks for being here. oh, joan, joan, joan. oh, sweet joan. >> poor joan. jon: poor joan. i know. jon: what's a guy to do? one hit after another, it seems. >> jon: it just doesn't seem fair. she is the only character that i feel like should still be alive in the '70s. >> why is that? why is she the only one? >> jon: because there's something still good about joan. >> she tries to be good, i think. >> jon: what about this for joan in the '70s, a spin-off where it's just you and you solve mysteries in a van? >> absolutely. jon: joan. uses her feminine we'lls to solve crimes. >> jon: why not? i would have gotten away with it too. you know, do you read your scripts? and do you think to yourself as you're reading down because the men in this show are terrible people. >> making some bad decisions. jon: yes. but do you ever read to scripts and think to yourself, that still happens? y

joining us now with the outlook for equities is rbc capital market, george, good to have you with us and said weisberg. this loaded venture at 1:00 today, your thoughts? >> the unintended consequences of training regulations and have been implemented over the last seven couriers and the sec rule changes. this is the world we live in. we're still trying to figure out the flash crash from a couple years ago and here we are again. lou: we don't any have any journalist we don't have answers for what occurred. george, your thoughts on the market for the results? >> overall you have to realize we're still the most liquid and the best market in the world. if you think about the amount of money that changed hands even though it was extremely polished tile and was able to change hands. lou: i am with you. we should be at a premium with the u.s. markets, but it is about time that we will not put up with any more of this nonsense whether dart, a flash crash crash, this nonsense today the sec says go ahead public notice you are so good with social media it is the 21st century. >> i have great pr

graham mcdowell your rbc heritage champion. let's go to the pits. hoping for revenge at buck shaw. but they were down to the second half and vaw lair raw picks it out of the air. timbers are up 1-0. the quake strike back. second goal of the year. imam ends in a 1-1 draw. this sports report is brought to you by river rock casino. >> thank you, mike shumann. that does it for this edition of abc7 news. thanks, everyone, for joining us of the the news continues tomorrow morning. for leigh glaser and mike shoe han, nick fletcher joining us, this morning on ld news now" -- the healing begins for the city of boston. new details on the capture and arrest of dzhokhar tsarnaev. the latest on his condition and what lies ahead. >>> an ocean away and the will to persevere. we'll introduce you to a man who crossed the finish line of the london finish line after a week beginning the journey at the starting line in boston. >>> then this his boat was his hobby and passion until it became the scene of the shootout that ended boston's terror. now americans rally to replace the beloved boat of a man w

. >> bring in rbc. recently visited communities. what he said was he was not stressed over 30 days without a sale. years ago he would say oh, it's been 300 days. >> we have the best spring selling season since 2007, 2008. to put things into context we're looking for volume growth on the new order side of at least 20% and we're looking for price increases of 8 to 12%. >> indeed, you see upsite in about 25%. but you cover in your universe. but keep in mind, they have not done fan tasically well so far. >> we think the earnings power is currently underappreciated. >> so, we liked the builders. having to put lots on allocation. >> your favorite pick is not a home builder but a name that, to be honest with you, is toast. they're going to report numbers on monday and we think they're going to strike an optimistic note. but the definitive strategies to manage better. two other names? owens corner. they turn the corner. last year was a down year. this year is turning out to be a fantastic year. we also like usg, which is benefitting for muc

graham mcdowell your rbc heritage champion. let's go to the pits. hoping for revenge at buck shaw. but they were down to the second half and vaw lair raw picks it out of the air. timbers are up 1-0. the quake strike back. second goal of the year. imam ends in a 1-1 draw. this sports report is brought to you by river rock casino. >> thank you, mike shumann. edition of abc7 news. thanks, everyone, for joining us of the the news continues tomorrow morning. for leigh glaser and mike shoe han, nick fletcher joining us, have a great night. there are two kinds of fol hoound thinking about how to kill people--psychopaths and mystery writers. i'm the kind that pays better. who am i? i'm rick castle. castle. castle. i really am ruggedly handsome, aren't i? every writer needs inspiration, and i've found mine. detective kate beckett. beckett. beckett. nikki heat? the character he's basing on you. and thanks to my friendship with the mayor, i get to be on her case. i would be happy to let you spank me. and together, we catch killers. we make a pretty good team, you know?

rbc did cut them to sector perform. their price target is now $70. speaking of retail.ver. they are hoping diamonds and pearls can change all of that. one of the designers for the new jewelry line will join us after the break. plus the bell is about to sound across europe. we'll talk about what their close may mean for us this afternoon. back in a second. >>> about 40 seconds until we close europe here. shares falling sharply in the afternoon trade after those comments from mario draghi, curbing investor sentiment. the uk market falling the most today. the ecb keeping the benchmark interest rate unchanged. draghi telling a press conference the ecb cannot replace the lack of capital in europe's banking system and cannot compensate for action by governments. also the monetary policy will remain acome accommodating. a central bank saying the company will extend capital controls for one more week. they're calling the country's near term outlook very unfavorable. so we will get the european markets. >> the european markets are closing now. >> and we will bring in -- not bob

we know that the analysts said, rbc capital, says this could be a problem for the stock, and they areorking, obviously, to figure out exactly what the problem is. investigation revealed that it was a combination of the fabric itself and the new patterns that are causing that problem, and really quickly, carnival cruise line is down today. yesterday strong winds caused the ship to break lose from the repair dock. more problems for carnival. back to you. lori: lauren, thank you. melissa: time to make money with charles payne. he has the stock to make swift. >> swift transportation. you remember the story? seven years old, his aunt sally was outside, playing in the dirt, a toy truck. you having fun? he said yeah, and he said, i'm going to own a hundred of these one day. now he was more. this is a fantastic company. they reported truckloads up quarter over quarter, 14% year over year. weekly revenue per tractor, an all-time high for the company. melissa: wow. >> the stock hit 15.5, pulled back here, just more or less drifting, a spike, profit taking, nothing to be alarmed about, but it's

she is with rbc wealth management.lthy folks invest their money, and you're doing well. we can tell the people like what you're doing, so we need to hear from you. why does what happens in the first quarter of what you're seeing now the second quarter matter so much to the rest of the year? >> a couple of things. a persistent problem of the last couple of years, 2010, 11, at 12. we all tend to look in the economic data which was very robust, in the last part of the year and into the first part of the year. assume that things had changed and that we were off to the races. and then somewhere between february and april of each year we started to lose some momentum not a recession, not a decline, lose momentum in the economic indicators. and then the market and growth scare in the economy has tended to correct or top out in the month of april. run some sort of near-term pullback. the last three years have either been two months or four months in duration ranging from a 10 percent black all the way out liz: seven we had a g

finally, fedex, rbc, cutting their target on fedex from 100 to 87 saying more and more customers are opting for the cheaper product, not priority but deferred delivery. and that is hurting the stock. that does it for us on "squawk on the street." let's go to michelle and "the face money halftime report." >>> thank you, carl. welcome to "the halftime report." four hours until the close. the dow and s&p lower by roughly.40%. the s&p lower by 6.5%. the nasdaq doubled the decline in terms of percentages, down .8%. apple's getting cored. $400 in the rear-view mirror. where can the apple bulls find bottom? we'll trade the fallout in what was america's most loved stock. >>> chipotle, is it overcooked? two traders will debate it ahead of the earnings out tonight. >>> first, the top story, google ibm and microsoft, a tech trifecta, perhaps the entire earning season lies with these three companies tonight are. they going to deliver? our traders, stephanie, mike, john, jerry and josh are here to debate. first, john has a preview. >> no pressure. there are a few things making me skiddish about t

. >> analysts at rbc basically saying we think this thing could keep outperforming for the next one tog them about growth of the hepatitis-c franchise. they raised the target, and gil adhas been a monster, too. >>> a good time to be an owner of shares of a prism rater? >> the prison ratter, he's the news, basically paying a special defend of 675 million or about 6.63 per share. they qualify as a reit. >>> what's happens with cliffs natural resources? >> clf, a big move here. i talked to analysts, they're chocking it up to a -- that means policy makers in china have more of a runway if they need it. short interest is high, you could be seeing some short covering there as well. thank you very much for that. thanks for joining us as well, josh. >>> coming up next on "street signs" planes, trains and automobiles, then back out to houston where brian is finding some big opportunity in the big state over the skies of texas. "street signs" is back in two. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it'

rbc's mark mahaney says knicks is a winner. michael pactor says no way. welcome back. your case, mahaney. you're first. >> look, we have a business that's on a trajectory toward generating 35 to 40 million u.s. subscribers for streaming business with expanding margins in profits. you have optionality out of the international sub business on the trajectory toward 10 million international subs. you've got a dvd business that doesn't seem to be completely falling apart. we think the shares are worth $250. we think the fundamental momentum continues through the year. >> what's the problem? >> i did the same math mark did. i come up with 65 on a sum of the parts basis. mark is giving them too much optionality on international. the only reason they are modestly profitable on domestic is they have been cutting on content spending. that's not sustainable if they expect to keep growing. if content is worse subscribers will stop joining or start quitting. you see the tipping point in the fall. tees guys have a short-term positive boost from house of cards. it happens again with

blackberry's going to be one of those, rbc raising estimates on the company. talking about the q10, the one with a physical keyboard. so far, we saw the z10, but there's a little more hype. scott wapner and the halftime. >>> thanks very much. four hours to go until the close. right behind the wall is where we hand. there's the dow up nearly 73 points. s&p, nasdaq higher as well as we come on the air at the noon hour. chambers on tech. the cisco ceo on hiring our heroes. tech spending and what can jump-start the sector. healthy returns. pfizer shares up 20% this year, but now what? tr two trader, one stock and one big debate coming up. but first, our stop story. that's the huge week ahead for the market, the fed, the ecb meeting over the next several days. the jobs report coming this friday, not to mention a whole bunch of big earnings reports including facebook, merck, aig and mastercard. traders taking positions ahead of that. with us for the hour, john, terry, stephanie, simon. joe, a lot going on this week. >> i said at the beginning of the month that i tho

just before we came on the air, rbc capital, excuse me, bgc downgraded microsoft. a stock that has had a great couple of days after doing nothing. >> one of the things we are missing that none of the other guys discussed is yield. you're talking about the big cap stocks having a nice yield. many of the ones, i talked about these with ge, microsoft, coca-cola, up 3% or higher yield, when you have a ten-year rate at 1.7, those are low volatiletive stocks. people are willing to invest in these to get a greater yield, even for more shorter term than longer term. besides that, they don't expect to rip down on them huge borrowing unforeseen circumstances in the world overall. >> scott, there's one thing to take issue with. robert came on and said big kaft shifters are moving to microsoft. they are not shifting gains, it's new market coming into the money. the equity is flowing in instead of shifting down. >> it would be more interesting if its equity money flowing in from treasuries instead of cash, right? that's the big question going forward. >> from fran news treasuri

but janet engel of rbc was just on, she does wealth management. was saying, well, there's that concern and that fear about growth slowing down. i'm thinking we've had that since 2007, late 2007/2008. and so nonetheless, this market has in the past continued to climb the wall of worry, so to speak. do you think that continues at least through may? >> well, i think the thing the market has going for it, the last several years we're always looking at the end of quantitative easing or some stimulus, and that kind of lifted the market up. but the thing that's disconcerting right now to the market is not only are we seeing weak economic data, but you're seeing like 80-some companies that have reported, you know, although 70 percent have beaten earnings, a third of them have beaten revenues. so i think that's real important, looking at the forward guidance. but the market still does have the fed at their back which i think seemed not sure the past several years. david: craig hodges, you see this as a buying opportunity. doesn't the weakness in the econom

analysts and rbc saying gilead will keep on outperforming in the next one to three years, talking about growth of its hepatitis "c" franchise. that stock up some 100% over the past 12 months. radeon says it built some 3 million in march. cramer says radeon could be the best of the bunch. and we'll end here on a downer. jcpenney, your worst performer in the s&p today by a long shot. ceo ron johnson is out. his predecessor, mike ullman, back in the sweet seat. maria, back to you. >> black rock's rick rieder says it's time for the federal reserve to rein in stimulus program now. he'll explain why he feels that way exclusively and why he says it should. >>> and as we march toward dow 15,000, news of some sketchy insider moving happening from wall street to washington that could be making some question the fairness of this market. coming up, we're digging into those stories that are raising eyebrows, getting the attention of lawmakers and the feds. that and a lot manufacture coming up next on "closing bell." revolutionizing an industry can be a tough act to follow, but at xerox we've embrace

you probably rbc new techniques come in come the u.k.to use a different kind of switching box or something. he gets to do the job faster, better, more efficiently. sometimes even better. so between world war ii and through the mid-1870s, every time productivity went up, the average worker's wage also why not. in real terms after inflation. too many people here are my age, but if you grew up when i grew up in the 50s and 60s, he would've noticed among my parents were working-class immigrant people and their standard of living, little box house out in the burbs. you can see their standard of living is going up every year a little bit. if that air conditioners for the house. they even went on a vacation. they wound like a cruise for the first time in their lives back in the 60s. they were able to send me to a private university. they could my older sister because they didn't have the money then. the real wage went from $400 a week after you take care of inflation in today's dollars, went up $746 a week. that's average for working people acr

. >> down 1.5% and rbc cutting the price target, 270 from 80, and also because that chief product officer company since 2008. she's resigning, we don't know exactly why. speculation is that sheer pants problem is a very big problem. stuart: and i just don't know whether that's good pr or bad pr from the consumer's point of view. it's probably bad news for profits down the road, but i'm not sure about the look of the see-through pants. hold on a second, let me do this. facebook has got a big announcement today coming up at 1 p.m. eastern to be precise. here is the speculation, what exactly is facebook going to do? many courses point to a new home screen on an android smartphone. in other words, you turn on your smart phone and up pops facebook. do you want that? the announcement comes at one o'clock eastern. netflix, big loser yesterday. time warner is going to start its own streaming service. the direct competitor to netflix, and it's down again, up 1.7% at 166 a share. bring in lauren again. carnival cruise line. can't catch a break. and the triumph at the dock in alabama drifted into a

. >> and it wasn't just ubs, rbc capital also had a note out saying if gold is below $1,400, which it a chance it could get a single notch downgrade. if gold falls below $1,300, could see a moderate chance for single notch downgrade and could get downgraded to junk. and they go further below $1,200, they could see a single notch downgrade in barrick gold and kinross. >> look, at the end of the day, where were these calls when gold was at $1,500 and $1,600, i assume the credit risk was the same. >> they were upgrading spots. >> now gold miners are down 37% for the year. it's an absolute train wreck. they're playing defense, trying to tell you what they should have told you higher. at the end of the day, if you have a commodity oriented company, and the commodity price wrong, you are naturally going to have a lot of credit risk. >> i think the key here is, do you believe that gold will hit 1,300 or 1,200 where they are at risk of a downgrade. otherwise, this is all buck, right? >> two days ago, i would have said that's a far way away. today, technically 1,200's probably the next area of

thanks a lot. >> thank you. >> mark at rbc. >> all right.icrosoft up more than 20% this year alone and the last week and a half has been an incredible rally. is old tech becoming the hot new investment opportunity? brent hill is analyst at ubs and he has a buy on microsoft with a $33 price target. brent, let me start off with the idea that i was exploring last week when value act took a large stake in the company. their emphasize is in the enterprise business. they forget windows. that's where it's growing and that's where profitability would grow at all times. >> do you report that thesis, this is a very, stuff, and you look at the deferred revenue growth. this company has seen much stronger enterprise demand. all of the attention's on the consumer and we've been asking investors to relook at the earn prize business again. three-year contract terms, and companies like yours and mine will probably not move off of them any time in the near-term. wall street runs more code in excel than they do in any application in software. so that's been th

mcdonald's rbc capital says should rebound. are using lower cost men use to lure in customers so lower profit margins. back to you. ashley: thank you, nicole. busily week for earnings on the s&p. thank you very much. tracy: the big debate on wall street continues. is the market in a pullback or is this the dreaded correction? what the heck is going on here? last week the dow suffered worst one-day drop. gold suffered the deepest plunge in 30 years. that fear gauge jumped. we have to get the bottom line on all this, liz macdonald is here. what is going on? >> we wanted to go to wall street and say what is the consensus? will we see a correction of 10% or more? >> right. >> 5% pull back. >> tell youing is. look what happened since march, 2009 a pull back back. that is pretty much good news. average pullback was 7 or 8%. 25 pullbacks since march 2009. if you go back to world war ii, to date you will see 56 pullbacks averaging 7%. we have a fuel screen to show you those data points there. i'm not sure who has it. there it goes. you

rbc raised their price targets. morgan stanley cut it. citigroup cut it.it is down about 6% here and wait on the dow about 18 negative dow points for at&t. dagen: thank you very much. this is according to the latest fox news poll. 42% of those polled said just that. coming in second, but a less of a concern, the federal deficit. what to make of that, steve moore is joining us. a license for lawmakers to do all about our deficit. >> that is right. the budget deficit has gone a lot lower than putting people back to work and getting businesses profitable again. i was not surprised by this. i was a little surprised that terrorism was not high on the list. where is global warming? dagen: if i am the white house, i read into that. people say spend more, do not cut spending. spend more to create jobs rather than worry about our debt and deficit. >> that is exactly what the white house believes. i believe just the opposite. i think that the sequester has actually been bullish for the stock market. i think it is good for the economy to get rid of a lot of this extr

melissa: just this morning, rbc capital raised estimates for sales of both devices to 2.75 million from 2 million previously. what's the reaction to that number? >> yeah, i mean, i'm excited about that. we see that selling already well. we have to crank up production a few weeks ago, as i said, earlier, and now the q10 is strong and exciting launch in the u.k., so, i mean, we're really excited of where we are in this. there's still a way to go, but initial signs for both products are extremely exciting for our company. melissa: does two and three-quarters million feel like a high mark to you or about where you think you might be? >> i mean, we have our own numbers that we look at so that we certainly have high expectations against the q10 with the keyboard that people are really waiting for. we can sell internet stock based on 70 million, so now run that, upgrade cycles and corporations with consumers, so we are looking for exciting numbers. melissa: okay. i'm taking that you will not share what the exciting numbers that you are looking for are? >> that is a fair statement. melissa: oka

mark ma haney covers the company for rbc markets. it's down. is this a time if you like it to get in, mark? or was there something troubling in the report? >> this is what i call a push quarter. the over/under here was whether they would hit 30% unit growth and they hit 30% unit growth. we would be buyers on that kind of weakness. back up the truck price and probably more for us, maybe 230, 240. >> don't you prefer to jump besos at this point? if he were to do something and i were a shareholder, which i'm not, but if i were, i would say, you know, jeff, do what you need to do. in terms of building expansion, centers, who at this point would second-guess jeff beso? >> let's see, there's a good number of people like maybe john donoho at ebay. maybe the people at google are going to try to take a swipe at this same-day delivery business that he's building out. he's built something with over 200 million active customers. he's doing large unit growth. still 30% unit growth is relatively unusual to find. we think there's a chance for that to reaccele

gerard cassady, managing director and head of us bank equity strategy at rbc.stock this morning. it's trading higher. the street likes what it seems. what do you think with wells and jpmorgan last week? >> yes, becky. when you take a look at the numbers from jpmorgan and city in particular, the capital markets business is unusually strong for both companies. citi put up very strong numbers in equity trading which helped drive better than expected numbers today. >> so do you buy the stock as a result? bob dahl says we know things will be difficult for banks across the board. >> it is standing $52 a share. long-term investors would do very well in buying the stock. this company citi is going to continue to see improvement this year in credit qualls and that is going to drive prices higher. >> is this your favorite of all the banks. >> yes. of the large banks, this is our favorite. we see opportunities not just here in the united states but the growth of latin america and asian markets will help grow the markets as well. >> what is the driver for city going forwar

blackberry's going to be one of those, rbc raising estimates on the company.o far, we saw the z10, but there's a little more hype. scott wapner and the halftime. >>> thanks very much. four hours to go until the close. right behind the wall is where we hand. there's the dow up nearly 73 points. s&p, nasdaq higher as well as we come on the air at the noon hour. chambers on tech. the cisco ceo on hiring our heroes. tech spending and what can jump-start the sector. healthy returns. pfizer shares up 20% this year, but now what? tr two trader, one stock and one big debate coming up. but first, our stop story. that's the huge week ahead for

i want to turn to ira at credit swich and michael at rbc capital markets.you for having us. >> is tonight looking for glimmers of insight into the macro data or are the incredible capital flows that we've been witnessing more important? >> well, they both are because the capital flows have a lot to do with what the federal reserve has been doing. and we think in particular in the past week really what the bank of japan has done has been a really huge impetus to what's going on in the treasury market. the fact that you have a massive qe program in japan is going to have an effect here. and we think actually means that the belly of the kur, the five-year sector is going to continue to benefit from that. you had a big rally already and there's probably a bit more to come. >> michael, you're out look, what will you be listening for tonight? we talked about what we got on friday in a moment. he's going to talk about financial stability and so one of the big issues is whether he talks about some of the criticism that's been levied at the fed for making some peopl

new 52-week low and now down 40% from the record high and just spoke to the technical strategist at rbc an established downtrend now taking off another month and a half in training support and also importantly the relative performance to the market in the sector is break out to multi-month levels followed by 365. brian blair says the catalyst for today's sell-off was the negative preannouncement from apple supplier cirrus logic. the stock right now down 3.4%. simon, back to you. >> thank you very much, josh. first the 265-point drop on monday and then a triple-digit rally pulled back the next day and now we're down another triple digits. we're all over the place. how do you play markets now that the volatility is back? chief investment strategist with raymond james will lay out his action plan for you next. plus an exclusive with the cisco co-founder sandy lerner. we'll get her thoughts on the future of tech, both old and new. but first -- >> i'm phil lebeau in chongqing, china, where a new ford is rolling off this assembly line every single minute and this is just the start of ford's p

but the process he would use his more water intensive rbc in that type of a standoff between user groups>> but we are singing is a clear recognition in areas especially water lane like nevada that the type of energy facility that is spelled makes all the difference in the world. in 2002, during the energy problem, nevada had the current valley pipeline coming right through southern nevada. he said clearly to the merchant plant developers, you will build gas plants. the relative differences 3000-acre for a watercooled facility versus 300 acre-feet for a dry cold facility. all solar is not of late. and nevada have been a lot photovoltaic solar rather than thermal solar. water intensive is something that is inappropriate for that particular location. that doesn't mean there aren't other areas where it can be. what you see more and more is the water sector is becoming extremely energy efficient because it's the biggest cost factor. state says the whole and whole regions are looking not given their set of circumstances, what are the appropriate kinds of energy to have in that venue. >> we see