trinity makes construction products like cement.s a good business with housing, make energy equipment like wind towers, no the so good if there's no subsidies. also make inland barges not that good when there's a big drought. rail cars are the biggest part of the equation for trinity, between making the cars and leasing them out. since they drilled down even further, they make up 20% of trinity's sales, about same proportion as american rail car. trinity is turning the windmill factories like the one in newton, iowa, into rail car factories because the rail car market is so much stronger. it's a vicious metaphor for fossil fuels trumping renewables. this is mad money. we're investing in rail cars. so we have a choice here. trinity is best of breed, american rail car is the pure play. as for the other two rail car makers, let's distance ourselves, i would stay away from freight car america. this company focuses on coal. >> the house of pain. >> sell, sell, sell! >> and as we've heard, the business of shipping coal is still in tough s

bell pepper, celery and onions. >> why do they call it trinity? >> food is religion in louisiana. >> that's what andrea tells me. >> absolutely. we're growing to let that work right there. >> tell us a little bit about -- obviously we have shrimp and grits. this is going to be spicy. one of the other things he mentioned too, you have to have crystal hot sauce. >> it's salty, sweet. it's got a lot of vinegar to it. it adds so much flavor to the dish. >> you add it later or in the cooking process? >> we're growing to finish with it. the star of the dish besides the sausage is going to be a wonderful louisiana shrimp. >> a good size, too. >> absolutely. fresh louisiana shrimp shipped all the way up to washington, d.c. >> why is louisiana so good at seafood? is it because the seafood is so much bigger and fresher there? >> it's our tradition with seafood. we've been doing this for 300 years. >> is there a secret to getting this tasting just right? >> you have to balance your flavors. your acid with your salt. a little bit of hot sauce there. >> oh, ni

how we deal with developers around the loss of rent control units, something that we saw both at trinity plazas and parkmerced. i'm curious with this, i understand that in some way there's a consideration in a sense because there's a reduction that we give in the fee but i'm curious as to the city attorney's thinking around the lifetime leases and also whether the city has the capacity to enforce these lifetime leases as well. >> city attorney: john malamut from the city attorney's office. we think that the legislation that's before you today, including the amendments, is something that would satisfy the requirements of both the ellis act and costa hawkins. in terms of enforceability, one of the things that's been added today, as part of an amendment, is that to take advantage of this program, the property owners would need to enter into a binding agreement with the city, that goes to the this th o the enforceability of the lifetime requirements. there is a program in the eastern neighborhoods that was part of the eastern neighborhoods zoning that addressed a similar issue to encourage p

trinity industries. he was short according to a fortune story i pulled up, 22% of the outstanding shares. i was there personally and remember him talking about the short. i found it interesting our speaking at the conference in 2012 is a bad thing but him speaking at the conference in 2002 and 2003 was short both conseco if you remember that and trinity industries. he talked about both ideas, same format, approach. similar percentage of shares outstanding. he was short 22% if you believe the fortune story i pulled up on my google search. >> is there a difference in the nature at which you have gone at her life and simply announcing a short positiont t conference and making it as public as you have made it, responding to other people who may be on either side of the position? you know who i'm referring to. we'll get into it in a moment. is there a difference? >> no. i think our goal was to shine a spotlight on herbalife. this is a company causing enormous harm to millions of people. they have done so over

taste this finished holy trinity sauce. you sign the waiver. it's a creeper. just like anything. >> gets ow the back glendz this is made from a natural strand. they've made it with extract. no added water or sugars or anything. >> if you want to taste this later this afternoon we're going to have the recipe on our website. of course go visit our friends on super bowl sound. the biew eye bakery -- bayou bakery coffee bar in arling torp. the washington golf show question of the morning. what did a 30-second commercial cost in the 2012 super bowl for advertise something was it a, $4 million, b, $6 million, or c, $8 million? >> well, facebook friend sarah writes, wusa9 is trying to make you think. it's a quiz. i think my answer is a. the answer is a. accordingthe average cost is $4 million. >> if you answered the question correctly, you have a chance to win four tickets to the washington golf show. one winner will be selected randomly through >>> welcome back. almost 6:54 this tuesday morning. your weather first. we have a pretty sky out there, a mix of clouds and

monks so it's it's in the hands of the board well as we say in russia god god loves the trinity he said. listen you said in one of the entities that every russian film director should make a film about world war till why do you think cell. i think maybe i was too old to see. the should. i can change that maybe it's important for for my being here. and you see because to shoot the film about war film is. peanuts even another professional yes it's not an american i'm all about this war no end in any way any war any war film is a terminator is a film no worse now is not the last hours the star wars it's fantastic fantastic i mean i really want to. be and. i was going to world war i don't know very well you know of because it's really difficult it's another profession to make. the scene with battle scenes. for my opinion and i said that i mean that it's a challenge for for for directed to make such things and they in this the the what they mean were but when i saw this does it mean that you always wanted to make a movie like i wanted and i was afraid and how was afraid that i didn't think i

or music programs and documentaries in spanish as to you breaking news a little trinity of angles keeping the stories. all to spanish to find out more visit. all right let's go straight back with our guest eric friend joe bowman of the daily reckoning because we're going to talk about some ways to possibly hedge your bets based on the risks that might be down the line for the u.s. . one thing that they have both done is gone to nicaragua let's bring up a picture we've got one character i took this himself oh yeah that's where you go to head your risk that's what i'm talkin about. but in all seriousness guys what really is the opportunity nicaragua besides like a really nice vacation maybe nothing ok all right fair enough but that's not the worst thing it's number one thing it's not the worst thing that's true let's talk about some of the comparisons you've been writing about i'm ok if you want to talk about government debt and the u.s. spent on an average john kerry we can bring it up we've got what that looks like whereas. there you have a government that is a percent of g.d.p. gone stra

. >> it's important to look at the broad trinity economy over the past two years. for every step or two we see data showing a step backwards. that's the way to read the gdp members. it's a data that is going to be adjusted and the headline is not good news. when you look in the numbers and see hurricane sandy played a role. the defense spending played a role as well as the doom and groom. you are looking for reaction from wall street and they are shrugging their shoulders. we need moreidate to see if it's a one-time blip or the beginning of a trend. >> when you see the headlines like "huffington post" saying consider yourself warned, obviously that would unsettle anyone with millions of people who have been out of work for a year or two if not more. >> right. it's similar to the poll numbers we have seen in the contest that is important to look at one piece of data and realize there is so much else out there. the numbers were not that good, but the housing sector looks better than any time since the great recession. you end up looking at payroll and the jobless cla

. >> trinity industries. am i right about the stock or should i just let it go?including oil tankers. let's go to bill in oklahoma. bill? >> caller: boo-yah, jimmy. >> boo-yah. what's up? >> caller: got ahc, 37 and change. are they going to keep running in the mid-40s? >> i like it here. how low oil prices are here in this country versus getting it from brent. let's go to jeff in nebraska. >> caller: boo-yah, jim. >> boo-yah. >> caller: i got a question on ironwood pharmaceuticals. just hit a 52-week high. >> i don't know currently what's going on with ironwood. i will have to pass on that one. let's go to marvin in california. >> caller: boo-yah from san diego, california. >> nice. what's up? >> caller: jim, i'm currently liquidating some assets and i'm turning my portfolio into gmc. >> i like gnc very much. it's doing really well. i want to own that stock. let's go to dave in florida. dave? >> caller: how are you? >> real good. how are you? >> caller: good. jim, i have a stock, bios. and i've been looking at this and wondering, are they a one-trick pony? >> no.

it's kind of like -- it could be trinity.opped parsley. >> right. and that's our base. >> that's your base. you cook it real slow and gentle. add it to your meat mixture. your meat mixture is 50% beef, 25% ground veal, 25% pork sausage. >> why do you like that blend? >> it adds a certain italian-americanness to it. >> very nice. >> instead of dried bread crumbs use soaked fresh bread. instead of extracting moisture it adds moisture. >> add eggs. >> which is great, too. add the eggs, cheese. >> why do you love parm so much? i love it. >> the restaurant. >> add that. >> and form it into pattis instead of balls. >> why? >> we're going to make a sauce here. it's a comep ochpote, right? >> crushed tomato right here. this is olive oil, garlic and parsley. >> add that, too. that looks great. >> for ten minutes. you're going to cook this really quick. >> right. >> we want it light and fresh, not a deep tomato sauce. >> we'll put the oil in? >> yes, little bit. >> just a little bit, not the whole thing? little bit more? be liberal? ok

liz: well, some of the most widely held stocks, for example, cracker barrel, trinity industries, chicoint financials, but a couple of your picks, three of them are now based sort of in a derivative way on the auto industry, and one is nothing to do with automobiles, but you like belo, an advertising company in a way. tell me about why you like this one and where you got the idea through the auto industry. >> well, they basically was an investment because the stock got entirely too cheap. it's sold down to a little over a dollar a share. they own 20 television stations, and 11 of their markets, they are either number one or number two in ranking. belo is a very fine well run television company, and it generates a lot of cash. it has earnings. they paid a special dividend of 25 crepts -- cents a share on top of the regularly quarterly dividend of 8 cents a share this past december, and it's a very healthy company, and the automobile business is doing more advertising, i think, than i've ever seen. liz: let me interrupt you because there's lithia motors is up there as well as other plays.

. >> having grown up in new jersey, i know the holy trinity of what chris christie needs.springsteen, jon stewart perhaps, and bon jovi. who needs zuckerberg when you got these guys, right, maria? >> you know what, i agree with amy. when you have somebody in your corner that's worth billions of dollars, it's not a bad thing. and i -- >> he's not new jersey. >> but you know what, i think it bodes well for the future of bipartisanship, randi. because yes, mark zuckerberg has supported democrats, supported president obama, but i also think it shows chris christie and what an interesting republican he is. and we'll see what happens moving forward. a lot of talk about him in 2016. i know that he's, you know, made some people mad on the republican party on their side. again, it could be a roadmap for how the republicans become relevant again. >> maybe we'll expand the holy trinity. we'll see. we'll see. >> there you go. >> thank you both. great to see you, as always. maria cardona, amy holmes. have a great saturday. >> thanks. >> you, too. >>> upon t-- want the real stor about "

destruction of all images, in strat stratford we have the church where shares spear is buried, holy trinity, you can still see the scars to take away all those graph enimages. and he was himself from a catholic background. and he managed to deal with crisis, and to the get into jail thomas kidd, ben johnson, most of his contemporaries got into terrible trouble, christopher marlow was-- how did slax spear survive that is one of the things that makes shakespeare shakespeare, he survived. he, and one of the main ways that he both survived and became so good was that he unlike say christopher marlow or ben johnson without couldn't keep the author out of it, couldn't keep the editorial out of their play, shakespeare hid the editorial if dialogue. and the true lies like out of the "da vinci code", somewhere in between two characters. and the play happened there mysteriously but with clarity and with great power. and his ability to dramafy the split, whether it's the split between being a country boy in stratford and the court in london, whether it's the split between catholic or protestant, wheth

this is known as the trinity cajun cuisine, the foundation of all creole cuisine. what you want to do is caramelize these vegetables and get the flavor. >> through the magic of television, you have it fixed. >> you want to release all the flavors from the peppers and onions. we're going to add a little bit of garlic. the garlic you'll cook for 20, 30 seconds. get the flavor of the garlic into the dish. then we're going to hit it with a little bit of roma tomatoes. they add a little bits of asoitty and bold -- acidity and boldness to the dish. very medium size shrimped. i've seasoned it with cajun spice and some rice flour. we use rice flour instead of regular flour because of the localery count. -- low calorie count. we'll get the shrimp seared on both sides. we'll add spicy broth and sauce. these are one of over a hundred sauces we cook in our kitchen every day. and cajun style ham. >> so delicious. you've got some seasoning here. this is the final product over here. this is available right now at all cheese cake factories? >> any cheese cake factory right off the

trinity industries which makes cars that move rail. we like a derivative of the housing recovery briggs & stratton. we also like names where there is kind of secular growth opportunities and we see a shoe carnival as a small retailer regardless of what happens with the consumer we think they can really grow their store base and do it all organically. >> got it. >> shoes on a ship? >> shoe carnival. >> marc travis does the dow get back to the record high in the next week or next week or two and then what happens? >> you know, i would hesitate to annualize up 6% for january. you know, i'm like eric. i'm searching for equity securities where there is a discount between price and value. i would differ a little bit with eric in the small cap space. if you look at the russel 2000 it trades at 16 times operating income. the inverse of that is 6.25, which to me the russel, about 25% of the russel index makes no money and a lot of people feel like junk bonds where we also have some exposure are richly priced with a six handle or slightly below

is interesting, because ackman says icahn did the same thing with shorts in the early 2000s, with trinityn conseco. >> where does it go from here? we saw it play out here on our air, certainly, but what happens next between these two guys? >> what i've been waiting to see is how much stock that michael johnson's ceo is buying back. is that buy back real? will loeb walk it up? will herbalife stand behind it underneath, take it up, and create the short squeeze that you may regard as violation of the 34 act. but i'm waiting for that to happen versus the next shoe that we keep hearing from -- >> there is a great point here. he says if somebody comes in, they buy back shares, if someone came in to buy the company, the issue is, if you had this underlying issue, still the biggest issue, because ackman raised it. i have done research that raises red flags and puts this company in a gray area. is it somehow close to operating, if not totally operating in a pyramid scheme. >> you need a government authority to come in. ackman doesn't own the government. the government is not sitting there thinking

number three at the irish stone conference in front of 500 people carl icahn pitched trinity industriess short 22% of the outstanding shares according to "fortune" magazine. you can tell us whether it is true or false but you did precisely that so i find it interesting that you have an issue with herbalife. we simply provided to the public full transparency on this investment. 330 slides in detail. not scaring people but going through the facts about the company. okay? we did exhaustive research over a year and a half. we'll either be proven right or proven wrong. okay. we shorted the stock. we have not covered our shares. we believe in what we -- and we have more to come by the way. >> right. >> we have some questions the company has given us the opportunity to ask. we will have responses for every issue they raised and their response of presentation to us and what i thank carl for is certainly helped highlight herbalife and the issues at herbalife and my guess is that he bought herbalife. if he did because i think someone leaked it to the press and flipped it out when the stock went u

>> this is -- this is trinity here. trinity is 2, and she slept through quite a bit of it.rs old and the entire family was, i can say, i watched them, very much engaged in the entire inauguration and especially when the president spoke. scott? >> well, i know their parents will be reminding them of this day as they grow older. cbs news live coverage of the inauguration of president obama will continue. in just a moment. >>> george washington had help writing his first inaugural address from a future president, james madison. washington's second inaugural address in 1793 was the shortest in history, at a minute and a half. or 135 words. maybe you can be there; maybe you can't. when you have migraines with fifteen or more headache days a month, you miss out on your life. you may have chronic migraine. go to mychronicmigraine.com to find a headache specialist. and don't live a maybe life. >>> the weather has played a significant role in presidential inaugurations. but never more so than in 1841. william henry harrison was sworn in as the ninth u.s. president on a cold and wind

and maybe that trinity based organizations are narrow minded and to anxious to get the income grants and to build five units of housing. that is not going to change the system. that is where people are. for the last four years i've been working with the building trades. i have been working with them to the young black and latino kids of color into the building trade so they can become the workers. as conservative as they are, that operate 1200 job training centers in the construction grade. it is the second-largest job training mechanism outside the u.s.. guess what? there in a coalition filled with many other organizations that train high-school dropouts working together for the last four years to say "how do we change, how do we improve?" the national leadership has gone across 350 cities in u.s.. try to convince them that they need to change. this is encouraging. i think we have to do that kind of work. i think people like me would be justified in writing this people off. in order to change america and need them. they need me, too. i have been on the street. if you do not have a p

kennedy went to holy trinity here in washington on the morning of his inaugural.esidents have gone there on the day of the inauguration. president obama has kept that tradition. boy, it is just gorgeous out. it will be such a spectacular day to watch this real piece of american pageantry and such an important part how we continue the transition to the next term for the president of the united states, bill. bill: we were reminded over the weekend a few months ago during the campaign the president was approachesed on the trail by a gentleman who said i was at your first inauguration. i froze my tail off. the president said, it will be warmer this time around. so he was on record for his forecast. i think for the most part he was right about that. i think we probably slipped in the window just before the cold stuff really rolls through a bit later today. i tell you, i remember standing on the mall four years ago, martha, it was such a remarkable moment. we talked earlier with carl cameron about the crowd here, estimated 1.6 to 1.8 million people, the largest single e

the holy trinity of waste, fraud, and abuse is something you'll hear from every member of congress. there is no excuse for those things. i intend to look at those things. even beyond the question, controlling health-care costs is something we have to look at in this country. so much of what we spend it is attributable to increases in health-care costs. we need to get some of the sharpest minds engaged in focusing how we can bring down health-care costs. host: means testing for medicare and social security. guest: tinkering with medicare and social security is appropriate. right now there's a cap. $110,00, youe know longer contribute to the social security system. i see no reason why we should not raise that substantially. these are people that have the ability to pay into the system and should pay into the system. otherwise it becomes a regressive system if you cut off right now. host: what about raising the eligibility age? guest: i am not in favor of that. i come from a gray district in pennsylvania. nobody is getting rich on social security. raising the eligibility age is probabl

in october of 1992, barack and michelle were wed by reverend jeremiah wright, at the trinity united churcher had a severe disability, you know, no silver spoons, no magic. just parents who tried their best to give the next generation something a little bit more. we were taught that we have to work hard! and then give back. you know, we have an obligation to help others. you know, so much of who i am, uh, is grounded in that upbringing. when i connected with barack, and realized i could marry this man, it was because i saw the same in his upbringing that i saw in mine. and i got married to a person that i respected, and we worked hard to raise a good family, uh, and teach them good values, and we built our lives around service and giving back and forgoing big salaries. >> [norment] in 2007, february, "ebony" featured michelle and barack obama on our february issue, which is our "black love, black history" annual issue. and uh, really the most popular issue during the year, and that year we had enough for us to feel like michelle and barack were the perfect couple to personify black love. >>

when we start dealing with the trinity, the triune god, it is so hard for us to reckon the fact thatt was totally human. on the other hand he was totally god. and we have to take this by faith. so now here we see christ from his humanity, not demanding that he be made a priest, but rather what? god declaring that he's the priest. just like he did with aaron. okay, now look at this very carefully. so "christ glorified not himself to be made a high priest, but the father said, thou art my son, today i have begotten thee." now go on and read verse 6 and if we have time we'll come back and look at verse 5. "as he saith also in another place, thou art a priest for ever." now look, who's speaking it? god the father. to whom? god the son. and yet we know that the son is a part of the godhead the same as the father. but here we're separating them just like in his earthy ministry. in his earthly ministry, i think i pointed out a few programs back, why does jesus in especially john 17, why does he pray to the father? well, he's praying from his humanity and then he can pray to the father. on a

trinity colleges and university, reduction is about 6%. buy recommendations also reduce the size of government, eliminating 86 vacant positions. regarding budget reductions, we know some feel they are too deep and listen to those people that say so that we also know some feel they are not deep enough. for those of you who feel more cuts are needed, and this is the session. this is the time to weigh and. not with conceptual ideas, the specific cuts to agencies and programs. i've made my recommendations and look forward to seeing your budget reductions as well as some amount of the 20 million i've left on the table is still available at the end of the session. i've recommended funding for restoration project of reducing and simplifying nearly 18,000 rows we haven't wyoming. we have far too many rules, too many regulations and continue to grow at an exponential rate. too many rules are cumbersome and not business friendly. some other highlights as i mentioned above, opportunity to reduce the standard budget and a delivered and consider ways a

expected climate change to get a shout out along with immigration, gun control the environment of trinityeally been very surprised challenge mentioning god. it got a huge and a huge chunk of time, almost more than any other policy issues. that was a real surprise. host: it was an issue we did not hear a lot about on the campaign .rail paria guest: that was by design. his advisers have made it clear that they did not see that as winning -- as a winning campaign issue. although it is something the president did care about, it was not something that his advisers thought translated well the campaign trail so they really pushed it to the back burner and i think that we will see this second-term presidents putting his all into it. host: says u.s. opinion on global warming -- -- these are stats on global warming. how much push back as the president received since making these statements in his speech? guest: the environmental community has celebrated tremendously. we have not seen push back so much from the public. but polls generally still show that a majority of voters support this and want to