joining us now, richard steinberg president of steinberg global asset management. hi, rich. >> >> susie: start by talking about how it's impacting the investment strategy. >> qaddafi said he would take a step back from annihilating the rebels, and the oil took a step back, but he's no fool. he did this to give himself a break. if we really end up with an increased problem in libya, and oil spikes, it could really create disruption in the market. right now we think there's about a 15% premium because of the libyan saudi problems. so it's something we're watching very closely. >> susie: you have five stocks you're still recommending in this environment. let's get to it. you have ford. ford motor, which is one of the stocks you recommended a year ago on the program. why do you like it? >> they're clicking. it's amazing. when you make cars that people want to buy, earnings go up. they're going to earn $2, and we have a 24 target. they're just interesting the sweet spot. >> susie: nice move on that from $14. tell us about icon. itra? >> itron makes the smart meters that

it will be richard steinberg, president of steinberg global asset management. >> susie: in a first for the luxury brand lincoln is tops when it am cans to long-term vehicle quality so says j.d. power & associates. the research firm says lexus followed in the runner-up slot on its most dependable list. jaguar, porsche and toyota rounded occupy the top five. the survey measured problems experienced during the past year by original owners-of-three-year-old autos. dependability is a major factor for buyers when car shopping. >> tom: as demand for solar power heats up, first solar is expanding. the solar panel maker announced plans today to build a $300 million production facility in mesa, arizona. the plant will nearly double first solar's output it hopes to break ground later this spring creating as many as 500 construction jobs. once completed, the plant will need 600 workers. first solar shares, meantime, slipped today closing at $154. they're up though 34% over the past year. >> susie: when it comes to cutting the nation's massive budget deficit just befern in washington has a plan. bu

, president, steinberg global asset management. next week: federal reserve policy makers hold a one-day meeting on interest rates. monday, made in the usa. we'll meet one designer trying to bring u.s. made clothes back in fashion. >> susie: an update today from boeing on its long-delayed 787 dreamliner. it's estimated time of arrival is the fall of this year. the 787 has been in development since 2004. it's the first major airliner to be built of carbon composites and offers greater fuel efficiency, flight range and passenger comfort. but a machinists strike, supplier shortages and a parts problem have thrown a monkey wrench into the production schedule. >> tom: meantime, american airlines latest fare hike has lost altitude. the carrier has given up its move to boost prices by ten dollars on domestic round trip tickets. the price increase had been in effect for only two days. american changed its mind after other carriers declined to match the higher fares. >> tom: one place the japanese earthquake may be felt by american consumers

but plan b is as steinberg said today, we will maybe pull the plug on these talks and put this on theallot without republican support. brown has said all along he wants to get them, but that may be the only other way. if it doesn't happen on monday it doesn't happen in june. >> belva: he is trying to have voters decide whether he wants to extend taxes. >> now we are half way there. we have a $26 billion budget gap. the bills he signed cut about 12 billion. so now there's $14 billion, which he wants to close with these tax extensions. if these don't get on the ballot, he said all-cuts budget. and cutting the school year by three weeks, severely cutting fire, other emergency services. so, california -- he said if california californiaens want to do it, he will do it but whether they want to do it when it is laid oout out and the plan that is being talked about it is very ugly. >> i'm sorry. >>. >> belva: turn to you. >> the next big thing that is happening coming out of sacramento is a b. 32. last week we had mary nichols the head of the resources board here talking about a b. 32 and ho

can you don't steinberg shuns the public spotlight he's going to stay in the shade although in actual fact he's just as much a godfather of the wiki leaks project as julian assange js. yes my name is daniel smith this is julia sons and we're here to make a short presentation about what we can least project what we don't daniel don't steinberg could be described as co-creator of the internet's most scandalous website sit together he understands took the idea of creating a site where any person can safely post secret information anonymously and made it a reality with you it i heard about wiki leaks in september two thousand and seven and in november two thousand and seven i first got in touch with julian. he was already working on weekend except that i'm a guy so i asked if they needed any help. started working on a couple of topics john young registered the we may name in late december two thousand and six young had already created something similar to wiki leaks several years before previously he used the crypto middle site for publishing classified material secrecy is the biggest. fe

i want to start by asking you because james steinberg just talked about the slaughter that was goingn, and you, president josipovic, have made reconciliation a hallmark of your time in office -- more than a year now. why is that, and do you think that's a precondition for still solidifying the peace? >> there are three departments decided for future of the area of our neighborhood of croatia itself. it's confidence and trust versus fear, it's sol solidarity versus selfishness, and it's partnership versus selfishness and also it's very important to build common work and confidence between leaders and countries. but basis for all this is reconciliation. i think it's very basic process to build all the other requirements, and from the very beginning of my mandate of my office term i started to build contacts with our neighbors, with serbia, with bosnia herz governor any ya and others, and it was not always easy task because there were opponents to it because the war was really -- [inaudible] and i have to stress here and to pay tribute to president clinton and dayton process because the

darrell steinberg made the suggestion yesterday during a speech. steinberg said wearing the turban should be a sign of -- one man died and one remains in the hospital. >>> time now 6:48 an investigation continues this morning into a tour bus crash in new york where 14 people were killed. that bus was filled with tourists coming back from a casino early sad morning when it -- saturday morning when it crashed in the bronx. the bus driver swerved and tipped on its side. federal investigators will be interviewing the bus driver. they will be checking to see what he was doing before the crash. he said he swerved after being cut off by a truck driver. some witnesses to the crash said the bus driver was drifting between lanes before that crash. >>> back to our continuing coverage of the disaster in japan. we want to show you this new video. it was taken when the earthquake hit. you can see the road moving and cracking. these are images from the city in a hard hit area. the town became submerged by water 30 minutes after the quake. the earthquake in japan

senator steinberg, the pro tem, has sb 439. notably, senator lowenthal is carrying sb 517, found on page 14. it requires authority board members to be subject to senate approval. it also places the high-speed rail authority under the cabinet position of transportation. last, i want to highlight a couple of bills i think will be emerged as something you will want to recommend supporting in the future as these become more refined. sb 733 and 735 -- dated two different things. they are on page 50 and 60. they require on the one hand that small business element be included in the high-speed rail authority business plan. secondarily, sb 735 requires a local work force initiatives and would establish a preference in contracts of 2.5%. those would be the bills i would like to highlight right now. the one we are calling for action on is ab 650, which is the blue-ribbon task force. i would be glad to answer questions. i think i understand most of the bills right now. bigger picture, are we going to get the revenues on the ballot? i thin

might go forward with a vote on the budget next week with or without republican support -- daryl steinberg. >>> for instance this local higher is the latest. >> the companies that have been on the job, they bring their crews from outside of the city and they take the jobs from us. >> reporter: the new law targets san francisco county funded prompts. built within 70 miles of county borders. at least 20% of those hired this year must be san francisco residents. with a goal of 50% local hires in the next seven years. >> we know that in some crafts there has to be some training in order for numbers to be reached. the unions working with the city through our city build program are investing in that training so we can get people prepared. >> the ordnance just didn't make sense. >> reporter: he sponsored a state bill to exempt projects using state funds from san francisco's local hire law. >> the legislation is to prevent state taxpayers, people who live in vallejo, oakland, napa from subsidizing san francisco's local hire. >> reporter: local hire supporters say it allows hiring flexibility for s

darrell steinberg says he's not sure whether lawmakers will vote on any part of the plan. he's requiring fellow democratic senators to be on call friday and the weekend just in case the budget comes up for a vote. there's no word as to whether the assembly will vote tomorrow. >>> here's a different story tonight. a victory that has school administrators and teachers breathing a sigh of relief. the school's parcel tax has passed. it won ahead of the two-thirds needed. the average homeowner will pay about $600 a year to save varsity sports and other programs. this wasn't the case in north san jose. measure a failed badly in a vote by mail election. the tax would have paid to build new schools in an area growing by its populations. brisbane voters passed a property tax, also, to save school art programs. >>> this bit of news should make surfers a bit happier. scientists have found there are fewer great white sharks living off california's coast than thought. scientists were able to determine that a little more than 200 great white sharks live in waters between monterey. this

senate president pro-tem steinberg announced the plans before meeting with the governor and assembly speaker john perez. brown wants to close the state's $26.6 billion deficit by cutting $12.2 billion in spending. he also wants to extend temporary tax increases for another 5 years. no republicans have signed onto the plan and some are needed in order for this to pass. more details are expected out of the state capitol later today. >>> today is the deadline for california school districts to send out teacher layoff notices and thousands are expected to be handed out. rallies and picketts are held by parents and educators to call attention to those layoffs and proposed education budget cuts. the numbers vary and the layoffs affect just about every school district. oakland is expected to send out 500 layoff notices while 180 could go to teachers in a cash- trapped mount diablo district in the east bay and as many as 60 teacher jobs could be on the line in union city. >> it's very difficult to get a pink slip this year because we are expecting our first baby and i'm face with added stres

my name is steven steinberg, owner and operator of segway oakland. i participated in a pilot program to bring segways to the state. i also ran experiments out on angel day. we have a multi-use trails with bikers, joggers, and we share the roads with the tram system out there. we were under close supervision from the rangers department, which is also on the island. they were watching us on a daily basis to make sure we could interact with people. daily, when people were leaving, the rangers would question them as they believe in, what did they think about us being out there? when we originally started, there were quite a few news articles and complaints in the community that we were going to cause a lot of noise and hurt people. the park system saw that after one year, that did not happen. not only did it not happen, we were one of the safest operations in the country. and we generated $300,000 in additional income in five months that the parks collected 50% of. within a year, the parks decided to run the operation themselves, and have now bought rent

i thank her for coming in by thank jim steinberg the deputy secretary of state for coming and getting all the challenges they are facing the state department today and he's probably glad to have an excuse. i want to personally thank the secretary of state for allowing him to come. [laughter] i want to acknowledge the president even though she claimed to be absent and i wanted to say one thing about i admire her very much at the u.n. charter hell she gave me in the first two years i was president about the american army into sarajevo and brimley slightly over seating it. was a gift. it was a gift. there are sometimes relatively few when you can say a single journalist had a decisive impact on the lives of people and the set of political decisions that follow. but i've already explained to you -- use of a popular opinion was, you saw where the congress was. the europeans were reluctant to get into this bosnian anbar leal because they were not sure that fix it and believe it or not, there are all sorts of excuses including the fact that then president who i admire. like three much had re

state senate president pro tem darryl steinberg says he's confident he will have the republican support needed to strike that deal. >> we're hearing that some republicans may be willing to grant an extension of taxes on the ballot for june, in return for key issues. among them, pension reform. >> yes, and we are willing to engage in those discussions. we think there are some very good ideas when it comes to reforming pension. >> the governor says he wants a budget deal in place by next thursday in order to get that tax measure ready for a june 7 special election. >>> a former executive of frye's electronics accused in a multimillion dollar kickback scheme has reportedly pleaded guilty. he's been charged with nine felony counts of wire fraud and money laundering. he was arrested in 2008 at friday's headquarters in 2008. his trial was supposed to start last month, but was canceled two weeks before. the documents filed in that case was sealed in federal court and that document is believed to be a plea deal. >>> documents released this week show pg&e replaced aging gas pipelines very close

. >> darrell steinberg said he will call for a vote on governor brown's budget proposal within 24 hours. he made that announcement this morning. his proposal aims to close the state's $26 billion deficit by cutting $12 billion in spending and extending temporary increases in sales, personal income and vehicle tax force five years. brown asked the legislature to call a special election in june to allow voters to decide. >>> meanwhile the budget battle on amount tal hill continues. today the house -- capitol hill continues. another short term budget bill was passed. it's a win for the gop but abc7 political reporter market matthews joins us with the results of a new poll that could be trouble for republicans. >> congress agreed to punt the government for another three weeks, and to get that agreement, as you say, republicans exacted another $6 billion in spending cuts. but an abc washington post poll shows that the vast majority of americans do not favor a cuts-only plan. the speaker of the house has been quite clear. >> when we say we are going to cut spending, read my lips, we are going

steinberg says wearing the turban will be a sign of solidarity after two men were shot earlier this month. one man died the other is still in the hospital. police believe the men may have been targeted because of their turbans and long beards. >> whatever the motive, this is more than tragedy. it is a cowardly act. >> april 13th is being considered as a possible day to ask the public to wear turbans. it would coincide with a sikh holiday. >>> that's after aviation officials found four pilots using fake documents. two have been arrested for using fake documents to get licenses. at least two more are under investigation for similar charges. a tour bus crash in new york that left four dead is under investigation. it was full of tourists when it crashed in the bronx. police say the bus driver swerved and the bus tipped on its side. they will be interviewing the bus driver and checking to see what he was doing before that crash. >> we will be looking to the casino to ascertain to find out what the driver was doing 72 hours previous to the crash. >> the bus driver told investigators he served a

steinberg, before my statement. that's the and you could trust. i suggest you look a lot. fading away, first of the st. mary's gaels. the gaels, nine since 1959, at the head of both the player of the year and the coach of the year. mickey mcconnell, all voted today the number one player in the wcc. randy bennett coach of the year in 2007 and 2008. he is the outright winner today. >> it's one of those deals you can't control. it's nice that your peers feel that way about you. it's something you can't control. i don't worry about it either way. the did a good job this year. >> overall, the thing you should look at is your team, we're a team stands. it's nice but it's one of those things for my family they can enjoy it more. >>gary: congratulations to the gang at st. mary's. rex walters of usf had the biggest turnaround this season his team just a fantastic finish. fall only one game out of first place. randy bennett said he voted for him. the warriors' season fading away. tonight in indiana, the president of the pacers this is kind of hanging around and watching called georg

steinberg says wearing the tur ban would be a sign of solidarity after two sheik men were shot.he one died. other remains in the hospital. police believe the men could have been tanted because of their tur bans and -- targeted because of their turbans and long beards. >> whatever the motive, it's a cowardly, despicable act. >>> we've seen some incredible pictures from japan. a camera was rolling. it actually captured a road crippling the very moment that giant quake hit. >>> good morning. northbound 880 is a mess because of a crash. we'll tell you more straight ahead. >>> officials say nuclear rods appear to be melting inside all three of the most troubled nuclear reactors. japan's chief cabinet secretary says although they cannot directly check it, it's highly likely to be happening. some consider this a partial meltdown. others say this would melt through the chamber but not through the outer containment shell. so again, the breaking news there's concern that there is a partial meltdown happening at all three of the nuclear power plants that have been severely damaged after th

on december 29, 2010, deputy steinberg announced investigation into firms that had not yet announced the petroleum sefrpblgt while the full list of these firms remains classified, public reports suggest that list includes at least a dozen firms, many of which are chinese, including the chinese national offshore oil company, chinese national petroleum company, and unipec. other firms come from germany, from turkey and from venezuela. the list also includes the industrial bank of china, the china construction bank, agricultural bank of china and the bank of china, which are reportedly providing financial services to iranian interest in violation of the comprehensive iran sanctions act. under the law that now governs our sanctions policy, the state department has six months to complete these investigations before announcing whether these entities will face sanctions. these notifications are due by march 29 of this year. i'm very hopeful that the state department report sends the right message on march 29. it's been a long time for those of us who have advocated that this kind of action