scott simon is there and you are all exemplary and a great public/private partnerships can do and i want to commend you for that. i would like to ask you and mr. troxel - we have heard about climate change and budget cuts and this and that and have heard of fightingoblem fires and expending all of her funds doing that versus mitigating these things. what percentage of this over the last early has been cause from poor management? as far as the situation -- the forest are a threat to our community. essentially, she is concerned because this is a danger now. i think mr. pitcher alluded to the same type of thing. acreage that this is a tinderbox for a variety of different reasons print what percentage of that is just poor management? >> i don't have a percentage but i would say we would be wrong if we did not attribute an awful lot of the weather related events to these really intense fires. the very intense fires we have had in the last decade are due to these high temperature, long drought events. there is a tremendous relationship there. thems. clark mentioned that areas that were well-ma

dee-dee cramer and stacey scott and ann simon and debby kay were with me the whole time. we got together. [speaker not understood] goes out to jeff miller for being so amazing and having such a great vision after all those community meetings. (applause) >> and i remember one meeting someone said they didn't want the playground redone because they knew everyone that was here already and it was so intimate. well, i hope you all get to know all your neighbors because there's a lot more of them that are going to be here now. thank you for everything. (applause) >> thanks, carina, thanks, lynn. >> this is something we all wanted to do. >> wait, i'm going to add to your certificates of honor to lynn and carina. from the entire board of supervisors we have certificates for all of you. so, thank you for all of your hard work. (applause) >> i want to bring up my colleagues, i have two great colleagues from the board of supervisors here today, supervisor scott wiener and supervisor john avalos. if you guys want to come up and say a few words. but before i hand the mic over, just re

simon? >> scott, i really can't emphasize enough to you the importance of what is going on in europe at the moment after we got the poor inflation figure yesterday of 0.7%. as one bear put particular the euro zone recovery story is in tatters. you will see the markets are decisively lower on a day wall street is higher. so potentially decoupling, a look at the euro, fifth straight session. what is the ecb going to do on thursday? are they going to cut rates? are they going to guidedecisive market? if we are headed to deflation, the danger is that economies are crawling along, people within them, will delay their purchases, and that will be potentially a horrendous thing for the ecb to have to grapple with, arguably with its hands tied behind its back. the irony is that you have had a phenomenal performance over the last month for greece, italian and spanish stocks, as a lot of hedge fund managers here go into europe, because that's where they perceive the value lying ahead. question, is this the infl

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later in this episode, scott pelley reports from antarctica on the wide-ranging effects of global warming. and later bob simon has a story from canada on the environmental damage caused by the next great oil rush. but our first story involves a controversial waste product that could have damaging effects on the environment. there are more than 600 coal-fired power plants generating electricity in the u.s., and those plants produce 130 million tons of waste called coal ash. it contains concentrations of mercury, arsenic, lead, and other toxic materials. and as lesley stahl first reported in 2009, when coal ash is dumped into wet ponds--and there are more than 500 of those across the country-- the result can have an enormous health risk on the people living in nearby communities. >> we get about 48%, nearly half of the electricity in this country from coal. >> jim roewer is one of the top lobbyists for the power industry. >> coal is going to be around for a long time. >> and we really can't get rid of coal. >> we shouldn't get rid of coal. >> well, should or shouldn't, we can't, and coal makes waste. would you

financials, still in the energy space and overall, scott, go back to what i said last week, economic data points look strong. it look like growth accelerates. >> simon baker's been sounding the call consistently. you love the rally. >> i love the rally. like i said on friday, i think there's definitely a bubble brewing but you have to be long the market. to joe's point, talking retail clients they're not participatesing in that. the question is, are you finishes between now and the rest of the year? i stay away from the retail type of names. consumer confident hit hard. commodity names, the dollar gets weaker, emerging market get better. rio tinto, that type of name. looking in short term to get a rally between now and year end. >> what changes the conversation between now and the end of the year and even beyond that? when do you get a greater appreciation, more respect, if you will more love, as we're saying for this magnificent move in the market that we've seen. >> as the economies get stronger and as bonds go back to a rising rate environment, that's when you'll see more money shift into equities. if you're a bond holder you're in the back of a

simon? >> it's going to be an interesting week. scottcoming up, creator of a health portal who claims that his website does what healthcare.gov hasn't been able to do. find out what he's talking about later on. we'll be right back. the cozies. [ grandma ] with new fedex one rate, i could fill a box and ship it for one flat rate. so i knit until it was full. you'd be crazy not to. is that nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. they always have. they always will. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does. that's what they can do with you. ameriprise financial. more within reach. >>> 16,000 on the dow. let's link in with rick santelli for this morning. exchange. good morning, rick. >> good morning, simon. well, for many of you out there, maybe you've read books like

simon, what name do you specifically like in that area? >> well, i haven't quite gotten down the path of having a recommended portfolio, but i have to say that scott davis' universe, which is the big multiline industrial guys, really, these are companies that fought a really difficult battle for a lot of years, in essence, you know, looking at much lower labor costs through the rest of the world. they are the beneficiaries of, you know, the decline in the inflation-adjusted decline rate, cost equalization, so they're really the cleanest way to play that. there's others. >> barry, let me ask you. we're showing on the screen now, you said to avoid financials. if you think that the taper is coming, and there is a view out there that higher interest rates are better for the banks, why not buy the financials which have lagged of late? >> so that's a -- that's a very -- i think that's an excellent question, actually, because it's a complex situation in as much as you think about the assets that have been added over the last couple of year, they've been floating rates, things like c&i loan growth have been created rapidly. when you get to the point of ra

simon who runs walmart u.s. timing wasn't strange. as carl said it matches timing when lee scottike. >> i wonder if you look at walmart, some struggles lately, whether it's company specific relative to their rivals, i think target outperformed them 2-1 over the last five years in term of share price or headlines how they're paying workers or providing benefits. should they have pursued more of a shakeup or is this what they represent, a younger face, a guy from international? >> i don't think they should have pursued a larger shakeup. i think this is vintage walmart and a rational way going about their business. and regarding the other issues, those are out there in the public domain. walmart's been quite good in terms of responding to a lot of the issues out there over a long term. i think it's really pretty good news for walmart continuation of leadership. >> does it mean renewed focus on u.s. as opposed toint nationa r international? >> walmart has focused increasingly on the small store development in the u.s., testing it but rolling it out. that matches up with the omni chan