it was interesting because when the teamsters supported nixon, one of the -- when they agreed to support him, one of the quid pro quos that nixon would abandon this legislation that i had originally developed, the final offer of selection for national emergency disputes. and i recall that george schultz called me on the phone and said we're going to withdraw our support from that legislation. i said, wait a minute, we developed the legislation. he said, president made a deal with the teamsters, and i recognized that was a policy call the president had every right to make. so, i had to call bob packwood who was leading the charge in the senate for our legislation to tell him we were withdrawing from the field. as i told you earlier, that was not a pleasant conversation. he was as mad as a wet hornet. >> was the policy toward davis bacon influenced at all by the civil rights consideration? >> yes. george schultz and jim hodgson together were both quite convinced, and i think accurately so, that davis bacon had initially been passed in order to restrict competition from african-american, bl

country, they're operated separately from the teamsters national, but nonetheless ipoke to one of the people in charge of making those investments. take a look at what rome said the head of the western conference teamsters pension trust. and he said, i'll be honest with you, i cringe sometimes when i hear them beating up on private equity for the sake of beating up on private equity. you can do so-called social investing and make just as much money as these others. now, he told me in fact the teamsters don't have a single penny invested with bain itself. but they have about $1.3 billion allocated to private equity. but he makes a key distinction. he says the private equity they're investing in, tyler, is all about worker-friendly job creation. they're very careful not to invest in anything they think is going to destroy jobs, tyler. >> thank you very much, eamon javers. a metals market about to close. we are going to go to the nymex next. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with

so what are the teamsters talking about here? on the one hand criticizing bain capital, on the other hand investing about $1.3 billion in private equity. they say they're investing in worker friendly private equity funds, those funds that are not destroying jobs, growing businesses. and they see no contradiction in the rhetoric about romney and bain capital and their own investment decisions, larry. back to you. >> thank you, eamon. at least we've got teamsters in the union movement who understand how capitalism works unlike some folks in the white house. >>> now, we have this just into cnbc. nancy reagan has come out to endorse mitt romney. just a few moments ago mrs. reagan telling cnbc in a statement that she had mitt and ann romney over for milk and cookies. here's what i love about nancy. she said, ronnie would've liked governor romney's business background and strong principles. and i have to say, i do too. to go on, i believe mitt romney has the experience and leadership skills that our country so desperately needs and i lo

today the teamsters union here in las vegas threw its support behind the president. i spoke with teamster president james hoffa earlier today. >> he's made the turn to the middle class. he believes and his campaign staff believe they will determine the election. you agree with that? >> that's a war on the workers and they are the ones that are under attack by this whole idea of mitt romney and the republicans take away social security and things that we have in this country. president obama is the only guy standing up for us. >> is mitt romney dangerous? >> he's very dangerous. i don't think he has any values. he vacillates on everything. he doesn't stand up and say this is who i am. he's what the right wing says he is. he's got to stand up and really be who he is. he's not going to do that. >> what would labor look like if romney were president? >> first of all, he would come up with national right to work. he said it. he's saying we're going to take away minimum wage. we're going to take away the things we take for granted in america. that is dangerous. he would go

i would also like to thank the gardening staff, the teamsters, the operating engineers, everyone who makes my operation possible, even down to the local vendors and everyone that keeps my organization running. thank you. as you all know, san francisco has hosted premier events, the charles schwab cup, the recent nfc championship games. these events put san francisco on a national stage. every employee, supervisor stepped up and made both events extremely successful. it was transparent to the attendees and the television viewers that there was a third team out there. that was the recreation and parks department. it is extremely proud of my team. add to this one of the most beautiful park systems in the world. i am extremely lucky. lastly, i want to thank my parents and my wife, vivian, and my two daughters, jennifer and some of the, for their love and support. thank you. [applause] >> steve castile. [applause] >> i started working for the public works department 15 years ago. we are like a family. it is a very close-knit group. i think, because of that, we get the best out of people.

does that mean that the teamsters themselves don't invest in private equity? no, it does not. invested in private equity. in fact, one of the private equity investors inside the teamsters organization had this to say. take a look at what the western conference teamsters pension trust investments chair, he said "i'll be honest with you, i cringe sometimes when i hear them beating you on private equity for the sake of beating up on private equity. can you do so-called social investing and make just as much money as these others," telling me that in fact the teamsters don't have any money at all invested in bain but they do invest in what he calls worker friendly private equity funds. he said they go out and find those private equity vehicles that are not slashing jobs, that are building companies for the future and make sure some of those private equity funds they invest in, for example, don't buy walmart stock or anything that's difficult for the unions to get their arms around. clearly even the teamsters like private equity, but a certain kind. >> even with those caveats, such

i would also like to thank the gardening staff, the teamsters, the operating engineers, everyone who makes my operation possible, even down to the local vendors and everyone that keeps my organization running. thank you. as you all know, san francisco has hosted premier events, the charles schwab cup, the recent nfc championship games. these events put san francisco on a national stage. every employee, supervisor stepped up and made both events extremely successful. it was transparent to the attendees and the television viewers that there was a third team out there. that was the recreation and parks department. parks department. it is extremely

the city and this program can, i think it should be passed and pushed forward and on behalf of the teamsters of san francisco, i recommend we push this forward. thank you. supervisor chu: thank you. are there any other members of the public who wish to speak on this item? seeing none, public comment is closed. supervisor kim: i know the comptroller's office did a report in december about the program and its ability to track projects and i and was hoping someone could speak to that. >> our office working with the film commission did prepare a deport -- prepare a report in december. supervisor kim: it would be great to get a summary of the findings. >> i don't have a summary but when i came on in september of 2010, one of the things i kept finding was when we had rebated productions, we were not collecting informations about their local spend. one of the things i started was we added an additional page to that information they have to give us before we would cut a check to them and that itemizes all of their local spending so that we can keep track of it. i think maybe that is what we were tal

we are working closely with the teamsters in the local engineering union. >> six years in the planningn empty parking lot at great america, it is no sea of cranes, heavy equipment in hard hats. it will eventually look like this in time for the 2014 season. >>mark: a late game for the giants, they were shut out for 12 straight innings. buster posted a three run homer in the first but in the eighth inning with three will run lead was wiped out. the giants won the game 4-3. madison baumgartner gave up three runs in seven and two- thirds innings. in oakland, the oakland a's beat the angels again. cocoa kris is back in the lineup. he scored on an rbi single in the third inning. that was all oakland defeated. it was oakland's fifth straight victory in seven tries against a team that was considered to be the favorites. the angels pyrrole is a $103 million and more than the oakland a's. >>darya: we will be back in just a couple of minutes. our big story this morning, an arrest has been made in the case of sierra lamar. the missing morgan hill teenager police believe was kidnapped and murdered

what is happening in chicago, the teamsters made an interesting point and they said, if you add the tax and raise price as you are going to see lots of sales, lots of production -- loss of sales, loss of production and loss over jobs if you go after the energy and sugar drinks and are taking a whole other way with this. >> that is not a whole other way, if you tax something, obviously, tax it enough it will go out of existence, of course it will defeat job creation, any time you tax something, raise the cost of it, it will defeat it but, jonathan makes a good point. the idea of social engineering, this is against sugar, you know, as opposed to giving me the freedom to make my choice and if i were to drink a beer in his hour, which may be moronic to some people, he needs to have the freedom to do it. to drink whatever hour he wants to. >> and to add to the point, we saw with cigarettes, they jacked the taxes on cigarettes and no one is stopping smoking, so you are taking away discretionary income, it will not stop me from drinking the diet pepsi, i love it in the summer, and you will not

james hoffa told me in las vegas earlier this week when i spoke to the teamsters, he said, he's not theidate, but i said, it's the best thing you've got going. i said, do you want walker, he said, no, i can't want walker. >> let me give you a chance to do a battle cry. what happens if walker wins? what's it say about america? >> i'll use walker's comments. he says that this is going to empower a lot of radical governors and all the other republicans around the country that you can overreach in government. that this is really what the people want and this is really where we have to take the country. look, they are using this and viewing this as a template to the next level of how they want to run the -- >> is the u.s. chamber behind it? >> no question. the chamber's behind it, they'll be throwing millions in there, they already have. and the more money walker spends, the more he goes downs in the polls. >> i love all-time politics. and all politics is local, except for this guy. anyway, thank you, ed schultz. watch him tonight. we'll be watching "the ed show" at 8:00 eastern. >>> when i

we are working closely with the teamsters in the local engineers union. >> what was once an empty parkingot is not a sea of crayons. heavy equipment in hard hats. >> the oakland school district police are under investigation by the fbi. there are two different lawsuits against the city. one stems from the officer involved shootings killed a 20 year-old man. the officer in that shooting was cleared of wrongdoing. for >> schools are in trouble. a record number of california school districts are struggling with dire budget problems. the state lifted one of the 27 schools or districts that were in serious financial trouble. this year, that number has soared to 180. faugh ahead have >> hellgrammites are being cut. their new income requirements that will reduce grants for three to thousand students. students now require a high- school diploma its odor how rents. it will affect 65,000 college steal. the new rules also limit help france's six years all the clusters siri if yes that eliminates 100% funding to over 60,000 students. we spoke with a financial aid expert who says the of laughter appro

a big concert for jimmy hoffa when hoffa was running against a reform candidate for president the teamsters i mean this is jimmy hoffa who's been under god knows how many federal investigations and tom morello the ultimate radical of propping up this ultimate insider so i think we do want to really change the left we really got to get folks into organized labor and i think we could be really powerful as a lot of folks from occupy organizing their workplaces getting involved in unions and shaking them up because we have the most corrupt inadequate overpaid labor system in the western world and i think today's protests where you know the president. doesn't even mention made a protest in front of a crowd of two thousand construction workers i think that shows it right there jesse what were you you were going to jump in there on tom morello. well to me i just wanted to comment on something i hear frequently which is basically saying you have these material pleasures all look at the technology doesn't that prove that capitalism works and i wonder if the roman senate ones would say the seed thing

anybody the teamsters union would understand would have flunked every one of these people who are bargainingr the life and freedom of such a hero. let me give very quickly three things. the first thing one does is welcome this man to the embassy and tell him you can stay as long as you want. both to take care of your own client, but much more importantly to send a signal to china that time is on our side. mr. chairman, when i was bargaining for the fire officers union of new york city, i always understood one thing. it the other guy needed to sign the deal before i did, he was in my pocket, and the chinese understood that, as clearly as possible. secondly, you don't accept verbal promises. you get some action, some good-faith action before you close the deal internal for your house, or whatever it is, or cut the deal. and so the first principle that anybody indeed, of any union leader would say is okay, t. want to do a deal? first thing is bring his wife and child here. we don't even talk until she is there with him. that could've been done. and then the final and i think most critical thing

well let me quickly ask you about january the teamsters didn't get around to doing it until yesterdaywe have heard a little bit that the union leadership did so grudgingly. i am assuming -- and i would love to hear your opinion on this that president obama will have consolidated now this what was an enthusiastic -- not enthusiasm but among labor, do you think everybody will be united? >> absolutely. if you heard jim hoffa yesterday, he was very strong in his endorsement of the president. rich trumpka of the afl-cio, mary kay all of the union together. we understand this is really about a fight for democracy in our opinion. we have people that want to destroy our economy. now they want to steal our democracy and we working people have to come together. people, whether they are union or non-union, people who care about america being a democracy, we are going to come together to reelect president obama. >> i will let that be the last word. >> that's bob king president of the united auto workers union. coming up the prodigal son returns. yeah, he wishes. mitt romney hands to lancesing. an

he was also a member of the local teamsters in boston that was notorious for organized crime ties. upposed to be bringing the cash to an entertainment company in boston. the lawyer representing that entertainment company told the dea they want that money back. but the feds have dug into the owner of that company and he, too, has a long criminal history including bank robbery, conviction for selling drugs while he was inside the prison. the dea says the scent the dogs picked up in the backpack also has drugs. that's why they are keeping the $180,000. the court has to rule whether the derks a can keep the -- whether the dea can keep the $180,000. this might end up in "kelly's court" at some point in time. megyn: they all get there eventually, trace. thank you. in 30 seconds you will see the today's "kelly's court" tease. house republicans say they have had enough and now they are making the case for holding attorney general eric holder in contempt of congress for "operation fast & furious." in three minutes a look at the possible fallout for both sides if the republicans proceed as pl

the golden gate bridge. >> normal. >> reporter: now another strike looms. teamsters announced shutdown of golden gate transit bus service thursday of next week [ inaudible ] >> if we don't get a contract in the next few days this is going to be spreading to some of the other units. teamsters are prepared -- [ inaudible ] we won't be taking -- >> they've been all over the map with everything from occupy to roadway to shutdown the buses, ferries, north bay. we've got to take everything that is being reported by the union coalition with a grain of salt. >> reporter: chp in san francisco have not been needed. this morning we spoke with bus riders about a possible strike next week. >> may work home that day or take the day off. it is a drag. >> i'm very pro union person. i would be all for it. i believe in that type of protest. >> reporter: labor coalition members have not had hey contract since last july. the -- had a contract since last july. there is a negotiating session set up for monday the 7th, three days after that, that strike date is looming. terry mcsweeney, ab

the golden gate bridge. >> normal. >> reporter: now another strike looms. teamsters announced shutdown of golden gate transit bus service thursday of next week [ inaudible ] >> if we don't get a contract in the next few days this is going to be spreading to some of the other units. teamsters are prepared -- [ inaudible ] we won't be taking -- >> they've been all over the map with everything from occupy to roadway to shutdown the buses, ferries, north bay. we've got to take everything that is being reported by the union coalition with a grain of salt. >> reporter: chp in san francisco have not been needed. this morning we spoke with bus riders about a possible strike next week. >> may work home that day or take the day off. it is a drag. >> i'm very pro union person. i would be all for it. i believe in that type of protest. >> reporter: labor coalition members have not had hey contract since last july. the -- had a contract since last july. there is a negotiating session set up for monday the 7th, three days after that, that strike date is looming. terry mcsweeney, ab

the world bank and the imf, the globalist and clinton coming and we were making our case and had the teamstersything. what happened is these idiots come up from oregon. there's a great picture of me standing on the street corner talking to the to sea turtles that her 6 feet high and they have on these costumes with a puzzled look on my face. but they went out there and the- are0m0m anarchists and they've - the perils and rolled them at0mm the tops and firebombs so they0- got all the0÷ attention and them 0mu have the folks that are0-pmm conservatives but you start0-0÷m doing that this is a chicago 68m these are anti-american.0- they are anarchists and so you0m get the hard-core people that0-m would agree with you and they0m÷ start leaving and so the0m0m0-0- coalition broke apart. and i knew this was going to0-0- break apart because as soon as0- these fellows went down to the0m square they raised the issue whm should these bankers be bailed0m out?0m0-0m0m0-0- losing bi0mllions of dollars ofm chips and then they lose them0m- all a0-nd run to an uncle sam am say get the tax payers to0m0m0mm replac

anybody at the teamster union would understand that they are bargaining for the life and free them of such a growth hero. let me give three things. the first one things do is welcome this man to the embassy. much more importantly, send a signal to china that time is on our side. if the other guy needed to sign the deal, he was in my pocket. the chinese understood that as clearly as possible. he bargained on that score. we don't fix the verbal promises. you get some good faith action before you close the deal and turn over the house or what ever it is. the first principle that anybody would say is ok, you want to do deals, bring his wife and child here. we do not even talk until she is there with him. that could have been done. and the most critical thing was not only to understand the risks that you and your client run, but to put yourself on the other side and the risks that they run. anybody from any labor union would have said to the chinese we have all the time in the world. you spend time building goodwill in the u.s. and united states. every minute that this man and his family a

they took the person to those that were needed if the teamsters plan to strike. do strike will not be till next school year. this was happened after the district voted to send a 200 layoff notices to teaches irian than not been able to come to agreement and a state mediator have has been drawn and. >>mark: jay-z double-j.p. morgan chase has loss lost to the book as $2 million in the last six weeks. the company's stock is plunging about 8% and that is dragging down the banking sector. this trading loss is an embarrassment for a bank. now there are concerns because the bank has been fighting and new regulations. the dow was lower this morning when it has come up. the dow is up 27. there's still off 500 points this month. >>darya: the gas prices seem to be working like as they go up 10% and then they go down five and and they go up 105 and then they go down 55. at the way i see it still goes up. >>yoli: averages for 33 in the area -- the average is $4.33 in the area. you can see that it is more at this gas station. you may be paying more of the weekend and you have p

the teamsters say that they will straight stage a one they tried strike also appeared. they're the ones is service the bosses. that means the drivers and in a different union altogether, will honor the picket line. potentially that means the union that will strike on may 10th will be the bus drivers and the service and the mechanics. that the potentially stop all bus services for golden gate transit on may 10th. >>darya: yes i know that's can affect a lot of people who needed to take the ferry to public transportation to station today >>jackie: if golden gate transit would honor the picket lines would cause a lot of have a round all the north bay cities. it can be really an issue. but we have nine days to figure it out. >>darya: this is not the only private a protest that happened today. >> we heard about the big ferry. occupy oakland is planning an than that at noon. occupy protesters cannot planning to be involved in the port of oakland shutdown. the international longshoremen warehouse unit is walking at the job -- off the job at the port. a major nurses try all these

brought to you today by the international brotherhood of teamsters, good men and women of the teamstersnder president jim hoffa. we all live better thanks to their good work. you can check out their work at teamster.org. it is 33 minutes after the hour. margaret talev in studio as a friend of bill this hour from bloomberg news covering the white house for bloomberg and look who's here. joining us back again media chief from politico, dylan byers. hey, dylan. good to see you. >> bill: nice to see both of you on a rainy day in washington, d.c. >> no better place to be. >> bill: to brave the traffic and the rain. >> it was very hard for me. >> bill: you don't have far to go. >> two blocks away. >> a bit of a marathon this morning but blame it on metro. it is all fine. we got here. >> bill: let's talk about -- newsmagazines are pass say. we talked about that before. nobody buys them anymore or reads them but both time and "newsweek" have made news with their covers. >> they have made news. >> bill: this is the new way of being relevant if you put out a controversial cover people will notice