stanley black & decker was a similar situation. ll, anyway, 31 straight points or 66% from the lows of last october. everybody and their mother expected stanley to deliver a fabulous beat and raise. the estimates for home depot and lowe's were going up. you know that's my favorite of the group. and the weather was warmer than usual, resulting in very strong retail sales. so when the company not only failed to beat and raise, but it did miss numbers. earnings in three cents shy, the stock just got crushed, creamed, pulverized. granted, two of those on higher tax rates. and the guidance while impressive, was it enough? was it enough stanley black & decker, much like most -- didn't hold its conference call that night. they waited until the next day, 10:00 a.m. the following day, all sorts of speculation about what really happened? i mean, any information, the company's injudicious policy, and not even before the opening next day made it much easier for people to shoot first and ask questions later. i have to say i'm pretty furious that

just just like when saw when ibm yum yum sold stanley black & dec stanley black & decker w similar situationsimilar situation. maybe maybe the tru taken bigger profits taken bi haenld. haenld. well, anyone well, anyone the stock had run up up 37 straight points or from the lows of la from the lows of last october. everybody and their everybody and their mother expected stanley to expected stanley to delivered a fabulous beat and ra fabulous beat and raise. the estimates for h the estimates for home depot and lowe's were going up. lowe's were going up. you know that's my you know that's my favorite of the group. the group. consumer consumer confidence was on the mend, and the mend, and the weather was warmer than usual, than usual, strong retail sales. strong retail sales. so when you company so when you company not only failed to beat and failed to bea did miss numbers. did miss numbers. earnings we earnings were just three cents shy, shy, the stock just creamed, pulverized. creamed, pulverized. granted, two of th granted, two of those on higher tax rates. tax rates. and the guidance whi and

stanley. meantime, black rock ceo larry fink says the company may be forced to move business if moody's follows through with its threat next month to downgrade big u.s. banks. telling the "new york times" that black rock customer contracts require a minimum credit rating level for counterparties. moodys says that it could cut the bank's rating three notches to two levels above bank status. fink doesn't understand the motive behind the actions. and american express profits rose 7% as customers spent more on their credit cards. am ex-says card delinquencies or late payments fell as did the percentage of bad loans written off, but the company is still setting aside large cash reserves to cover loan losses four times more than did a year ago. american express slipped in after hours and frankfurt right now, we're watching just above the flat line right now at 44.39. >> let's turn back to what's going on in spain where we had the auction earlier this morning. we brought you the yields there which have crept up. we're looking at 5.84% now on the ten year yield. the fwoid cover was pretty strong, thoug

black. people did not want to own the xlf, it did not matter how a bank did. they had little exposure to weak in europe and -- j.p. morgan stanley with tremendous exposure. that is why at times i had to dismiss the earnings per share gains entirely if the cohort was radically out of favor. but i never just forget them, instead, i try to choose, figure out which ones can at times break the tug of the sector and which can shine, because if the sector falls back if favor, i have to be ready. ever since the market's bottom, remember the march bottom, general ragzal, we have seen sectors of retail and stocks within that out perform. i like to 11 to earnings of all the retailers but i am wrapped by the groups doing the estimate about. by far the top performers have been the discount stores. particularly the dollar stores, dollar general and dollar tree, i go back to my memory and reach for them, they have the most earnings momentum, i know that because i listen to the calls. when they talk about the etf, i'm in there with the ones with the best momentum. and i've been in bed bath and beyond during the sectors, when they grab a sector,

black production of streetcar to run on broadway. and along with the usual class distinctions, there's another stark contrast here between stanley and characters, his wife stella and her sister blanch dubois, the fated southern vamp. >> so you have that aesthetic on the stage. this dark come plekted man stanley and there's a sense of looking down on this man just based on that, purely based on that. >> what queen do you think you are. >> reporter: underwood says that doesn't excuse but helps explain stanley's violent side. is it more fun for you to play a good guy or a bad guy? >> oh, a bad guy is always better to play. >> reporter: but blair underwood was a good buy growing up. so beloved in peters burg, virginia, where he went to high school that a whole bus load of fans.... >> 1, 2, 3. blair! >> reporter:... came to wish him well on the play. including his father, a retired army colonel. >> we were raised to carry ourselves with that understanding, that when you walk out this door, you represent your family name. you represent your father. you represent his rank. you represent the united states army. you represent your country. >

stanley discusses his book, "the pressure." after that, -- "the crusader." after that, a book about ronald reagan, our 40th president. and now, a harvard university forum on race and the presidential election. the panelists discussed the black vote and their response to the trayvon martin shooting by president obama and other candidates. >> good afternoon, everybody. we want to welcome everybody to this afternoon's form. i am pleased to introduce one of the organizers of the congress. his new fellow at state and local governments specializing first studies at k-12 education reform. she has coordinated the public policy of their ship conference and is a co-chair. >> thank you. humvee half of the black policy conference leadership team, will come to the eighth annual black policy conference at the harvard kennedy school. we're here to celebrate carriagheritage and horizon. it is our hope that, throughout this region, we generate innovative solutions to approach the world's most challenging problems. without further ado, we would like to begin that discussion here with our moderator. thank you. >> thank you so much. i am thrilled to be here with you. one of the current fellows at the institute politics here at the kennedy scho