also weighing on tech stocks was flash memory maker san-disk. it warned that a glut of inventory will hurt prices for the rest of the year. that warning certainly hurt the price of san-disk down 11%. volume jumped more than six fold. this is its lowest price since september. utility stocks saw a big rally last year, but that buying interest waned earlier this year as the economy seemed to be picking up steam. but as economic worries have come back in focus in the u.s., power company stocks have rallied. natural gas utility one-ok is at a one moth high after today's 2.3% rally. n.r.g. rebounded by 2%. it was at a 52 week low on monday. and x-cel energy gained more than 1.5%. financial stocks were also a drag on the market. bank of america was the biggest percentage loser among dow industrial stocks as one influential analyst said it was time to sell. and that's what many investors did, sending shares down almost 5%. calyon securities banking analyst mike mayo said the banks first quarter results this week were "likely as good as it gets." he down

san disk, zoosk, allie pincus started an on-line returned as an company. hundreds of square feet of space that had been vacant for many years. revitalizing our city of the same time, doing job creation, creating the conditions for hiring and training local 7 siskins to get into the workforce. as andy is saying, that has caused other industries, particularly the construction industry, to get revitalized immediately. you have heard sales force had 18 acres in mission bay. they got excited about just being downtown, so they went ahead and did 400,000 square feet, now looking at an even larger space to continue their growth downtown. >> i want to direct this next question to you, lisa. every company in the valley, no matter how it is defined in terms of geography, has been a start up at some point. where did the idea for great products and services come from? >> thank you very much for allowing me to be here to address you today. that is a great question. i want to start by thanking the city of san francisco for being a part of an incubator that we are a part

nasdaq is being pressured down by yahoo which is cutting two thousand people off that stuff and san disk is also be. over in europe around one hour to go or trading footsies down two and a half percent the dax three percent many stories here spanish born dogshit not going as planned inflation is forecast to be around two percent this year and g.d.p. to recline around one tenth of a percent interest rates have been kept on change by d.c. . moving over to currencies now and of course the dollar is gaining massively against many currencies including the euro and the ruble as vessels are selling off stock of course moving into cash moving into new zealand gold was about the ruble managed to strengthen our almost three quarters of a percent versus the. and in commodities because of a stronger dollar value of the nominated dollar nominated commodities of course declining light sweet is down the three dollars almost per barrel brant a little less than that. that's the way the markets look at this hour. all right maybe thanks for that update i'm done for this hour but you will certainly be back

shares down as the company announced that it would be cutting two thousand people of its staff and san disk is also one of the biggest losers on the mast and over in europe trading is over also on the negative notes second bad session in a row was pretty down two percent of x. two point eight interest rates remain the same no stimulus inflation stands around two percent for the year the forecast and g.d.p. is to the line point one percent and spain's bond auction didn't go well either so this is all piling up. therefore a lot of money is moving into the dollar and out of the euro and in line with that trend the russian ruble weakened one million one percent versus the greenback and strengthened around half a percent versus the year. and that's the way the markets look this is our last and last thing to mention is of course commodities they're down more than two dollars as the dollar is gaining weight and therefore all dome of gold nominated to the. most of these are going down and back. thank you note if you got your brains in your life dimitri. but i look forward to catching up with you in

today too much supply from san disk, flash, we need this input so those who insist against my wishesn trading apple every minute, rather than investing in it, as i prefer, you will get some intel from those two companies. tuesday, yes, it is indeed apple day. they report after the close. that's all anyone is going to focus on, particularly after apple's declines. we need to hear that ipad and iphone demand is holding up. most important because of hype, apple has to beat not just the cone senses numbers, but the highest estimates out there, so jot these down if you want to. 11.80 of earnings per share and $41 billion in revenues. they must beat that. i think the near-term considerations should not control your thinking, because apple is an investment, not a trade. that's my rule, okay? also tuesday, in the morning, we hear from one of my favorite big cap names. and that is 3m. given the new products it has, i expect this company will do quite well, like so many other old-line industrials. if you stock gets hit, don't forget, 3m is a dividend aristocrat. which is probably why i have a

fed won't be doing any more easing any time soon, a weak bond auction in spain and a warning from san disk only adding to concerns today. here's where we stand on the street. the worst day in stocks in nearly a month. the dow industrials down by 150 points. perhaps it's better to play michael jackson's thriller today, because it's a scary day on wall street. the nasdaq is off by 1 2/3%. the s&p 500 is under pressure. gold is having its worst day since mid-march. hammered down some 50 bucks. 3.75%. wti crude is down by more than 2%. as well today. so let's get to the top stories we're following the "halftime report" today. that is the market sell-off. should you be buying the dip or is this the start of something bigger? we're talking stocks and more with two heavy hitters tom barrack of colony capital, mark utay of clarion capital with us today. crude reality, oil and commodities getting slammed but fridayers are hunting for bargains. we'll tell you what they're finding. plus opportunity in aig. we're talking to the analysts with a bold call that's purning the company into the green, even

today too much sup today too much supply from san disk, flash, we ne disk, flash, we need this input as well as as well as input from arm holdings and holdings and morning. morning. so those who insist so those who insist against my wishes on trading ap wishes on trading apple every minute, rather than minute, rather than investing in it, as i prefer, you it, as i prefer, you will intel -- get -- get some in companies. companies. tuesday, yes, it i tuesday, yes, it is indeed apple day. day. they report after t they report after the close. that's all anyone i that's all anyone is going to focus focus on, particularly after apple's apple's devastating from its highs thi from its highs this week. we need to hear that we need to hear that ipad and iphone demand is h iphone demand is holding up. most important beca most important because of hype, apple has to beat no apple has to beat not just the consensus consensus highest estimates ou highest estimates out there. so jot these down so jot thes to. to. 11.80 of earnings p 11.80 of earnings per share and $41 billion in revenu $41 billion

parents who moved to san francisco from the midwest because san francisco was known as the city of the revolutionary ideas, compassion and known in disk -- unknown in this country. let me ask you a question. what is value? since the city has made the decision these services are of value every year with a budget restorations and budget cuts, but we are continuously funded. many services are no longer with us including a community nearest my heart. what i would like to say is there are still enough services around that they make a difference and will hopefully be funded into the future. i would like to have the board, and i thank you for your time, to look at us and other members. good >> thank you. >> good afternoon, board of supervisors. i am the executive director of catholic charities, and i am very appreciative of your taking the time to have this hearing today. we are your partners in service of the poor and the vulnerable and marginalized, and i am here to really just personally it when my voice as an advocate on behalf of the people we serve, and we are seeing a compassionate response to our request for what i would describe as