affecting both the valero and tesoro refineries.s were collected from people in benicia that are against it. because of all those signatures, the proposal has been recirculated, and will be reopened for public comment on june 30th. in benicia pam moore>>: a walnut creek family knows a lot about the gift of life. tonight, as kron-4's charles clifford explains, a man has received another medical miracle from someone near and dear to >>:by the time i was 50 they tell me it was now or never dared to get the transfer or dialysis. charles clifford>>: his wife sonia immediately volunteered to give him one of her kidneys. doctors told them it was not a perfect match the transplant was possible. in march of 2007 she inverse own--surgery. after five years her donated kidney begin to fail. >>:they brought me in for a biopsy and told me that the kidney was being rejected. charles clifford>>: last fall with the kidney bottoming out he went on dialysis. that is when his 19 year-old son. made a son >>:i went up and ask them if i could do this. i t

. >>> va remember -- valero wants to run two trains daily to the benicia refinery. they say the project is necessary to stay competitive on the west coast and that safe operation is a top priority. one neighbor we spoke with said she feels the refinery is safe and good for the local economy. >> i think they have a really good safety record out there. and i know some people that have worked out there for years. i think it's just a matert of abide -- matter of abiding by the regulations. >> the state energy commission said shipments are growing in california to about 6 million barrels of oil in 2013 from 1 million just two years earlier. you will not find cigarettes for sale at a major grocery store chain by the end of the month. raley's and nob hill are removing tobacco products. the west sacramento-based chain says cigarettes will be completely off the shelves at all 128 raley's, nob hill and bel air stores in northern california and nevada. many who we spoke to in the parking lot of the nob hill scoor in campbell thought the move was positive. >> i think it's a goo

they are worried that meant something similar could happen on the rail from the valero refinery.a sent crews of small clouds of smoke into the air. there's a lot of concern about transferring crude oil in the bay area of just because of situations like this. >>: the stethoscope and intense and is the possibility the water doesn't even put it out. the only thing that imported out is like the airport foam that they use for disasters at the airport. >>reporter: the oil spilled into the reverb that is often the source of drinking water for two counties. >>: up in butte county and of the feather river canyon where the river flows into lake orville which is our water supply for 2 1/2 million people this threatens everybody's water supplied without northern california receive their water through this system. so were very concerned. >>reporter: these train derailments happen more often than one expects the out with what happened last year in quebec canada where 27 people died and both trains were carry crude oil also was what end on one in quebec and one is supposed to different don't de

the valero refinery in benicia has proposed using more crude oil rail cars. ktvu fox 2's brian flores is in benicia. you are getting reaction from those who live and work out there. what are they saying? >> reporter: well, they are very concerned. no question about that the we're live in benicia. obviously there was concern before this accident here in west virginia for the proposal to send more rail cars with crude oil, particularly through parts of northern california and refineries in richmond and here in benicia. a lot of people are concerned. the plan is to increase the amount of rail cars coming directly to the refining facility. the company wants to run two trains. each with 50 tanker cars carrying crude oil directly to the refinery every day. the company has said in the past that the project is necessary to stay competitive on the west coast and that safe operation is a top priority. we've done stories on fire crews conducting fire trills in case a leak occurs but the concern remains really through much of california, even sacramento and davis are cal

valero up 3 2 %.g strength. >> sprinkles to the analysis. >> a cherry on top. >> the names do not get attention, a couple billion dollar market cap companies. remember studies have shown one of the things people did the most with low gas prices 1 they use more gas. driving more. that means more refining and margins, there you go. >> exactly. >>> s&p off to a great start this year compared to the rest of the world, top is russia sweden, and portugal. u.s. at number 34. is it time to bail on u.s. stocks in favor of europe? let's bring in jack. great to have you with us. >> thanks, melissa. >> recently bmo is 50% overweight u.s. stocks and said you are preparing to sell a good chupg of the position. have you? >> we have not yet. part of the the look was looking at some of these european markets hedged to the dollar. they are up instead of you know, 5% or 6%, but up 12%, and so that's a good trade. i'm enjoying the u.s. in fact this walmart news is good, going to spur inflation, perhaps combined with othe

. >> the venetia valero refinery is seeking to bring more trains to the bay area. but the venetia council is still looking through a report. the white house reportedly received a proposal for stricter regulations for tankers. the train in west virginia had already been upgraded. gasia, back to you in the studio. >> julie, thank you. >>> the mysterious death of a man is under investigation. neighbors say they responded to a dog barking in the house. paramedics were called, they tried to save his life on the scene but he died. investigators are now looking into the possibility that someone else may have been living there as well. >>> the white house opened a three day anti terrorism summit to explore ways to counter violent extremism. for day one, 60 counter terrorism experts from around the world met with vice president joe biden. also on hand were social media. what's needed are answers that go beyond a military response and finding ways of preventing extremism. >> we need to work from the ground up and engage our communities and engage those who might be susceptib

take a look going back to mid-june, back when crude prices peaked for wti, college this out because valero you can see here, over the past year is still up about 10%, and then you go through and cycle through again with what's happening with tesoro and some of the other names here. they, you can see here as well tesoro, up about 38% over the course of at least since june 20th. you can see there a big move higher. then, of course newfield exploration, that lost a quarter of its value since that june 20th period. >> the energy stocks are getting a bid underneath them. would you be entering into them at this point? >> we've seen a significant bounce over crude prices in the last few days. the fears is it is predicated on news like recounts obviously coming down. the january recount number was eye-popping, and also cap ex's announcements that we've heard from all the oil majors and all the companies about how much they're pulling back of cap it ex. that's good news. remember, production is still going up. that's going to continue but the process isn't like flipping a light switch. our producti

. >> i had a note e-mailed to me about valero breaking through the distance. elo.ll of them. >> it's val air yes breaking through, and price has memory. there's no one with a memory of owning it higher than now. these people are going to buy into that break-out. >> we've done a great job. speak for yourself. a fight a decade in the making. mayweather matchup. that and final trades is up next. >> they're calling it the fight of the century. floyd mayweather finally, finally,under underscore finally mayweather versus pacquiao. breaking down the knobs what could be the highest grossing fight of all time. probably will be. that would i think have to be delahoya and mayweather. i don't know if i have been as excited about a pending fight since then. there hasn't been much to get excited about. >> that was $150 million in total gross when you look at pay-per-view and although numbers. this is looking at $400 million. mayweather himself is going to take home $120 million. if he gets the 60% of the half of the $400 million. $200 million will be the purse, but it's because

>> valero up 26% pretty quickly as of late.il where it's at right now, margins are intact and i think the refine product, what they sell of gasoline is probably stabilized so go higher here. >> karen finerman? >> yes, kors down 2%. lietic it here. the knock on it growth is slowing. yes, growth is slowing. it is trading like growth is grinding to a halt. if kate spade is where it is, kors shouldn't be where it is. i like it. bought more today. >> guy? >> a lot of noise in macy's the last couple of days, management changes, blue mercury deal, fourth-quarter comp. can speak . i like macy's. >> all right. i'll see you tomorrow. "mad money" is up next. >>> my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere. and i promise to help you find it. "mad money" starts the now. hey, i'm cramer! welcome to "mad money." welcome to cramerica. other people want to make friends, just trying to make you a little money. my job is not just to entertain, but to put it

valero up 9%, 10% year to date. i would still stay with the refiners. i don't think this is done. you're going to get inventory numbers. it's going to show a huge glut this week. i think it's going lower. >> i think a question. timmy, if you were to see oil not go down and just be flat, do you think the oil related companies go up? >> yes. absolutely. because people are wondering where the bottom is. so then the next place to extrapolate is the oil-producing countries, so i get asked about russia all the time. i think with the absence of those political risks but just a pure economic one, you'd be buying one. >> don't you think that -- sorry, guy. don't you think it's a product of just global gdp? we went from 110 to the mid 40s. so yes, you're due for a bounce here, and kudos to tim. he called the pseudo floor in crude last week. but i think it still goes lower. >> taking the volatility, i think tim makes an interesting point. trying to shortly the volatility. but exxon mobil, for example, we mentioned if you look since july, a series of lower lows, higher highs. maybe you look f

if you look at the charlotte on valero, it's more spectacular than tesoro, but both going in the same. still a bright spoyrkts it's amazing to think that the spreads in the fall were practically $1. >> and now all of the sudden they have this spread. and if they can store some oil and oil does go do the upside, wow, these guys are killing it. >> so stick with this trade? >> yes. >> and michael kors, you're tied for seventh highest bait that in s&p. kors has dropped 20% versus an s&p gain. >> i was surprised yesterday. i really like the name. i'm surprised the trade is that high of a beta. one thing i would look at to me that a sense of risk is how levered the balance sheet is. the business model. refiners, you can variable operation margin really move a lot. here, not so much. and the p/e. so the p/e is very i think very reasonable here. the balance sheet is in great shape. the beta, if it is that high, that doesn't concern me. i like kors right here. >>> all right. still ahead, traders are getting bullish on one retail stock ahead of its earnings report this week. that and much more

valero shares taking a breather today but they were riding if a 11-day win streak until today. toe sorrow an outperformer rose in 13 of the last 14 trading sessions including today. one of the big reasons why has to do with the difference in prices between brent and wti crude and thanks to wayne give on twitter highlighting this to me, the wider the difference or spread the better for refiners because they use oil as an input, pricesed in had wti, and then sell their products based on higher brent prices. if that spread is wider these guys make more money. refiners are an interesting trade to watch in energy given what's happened with oil price movements not just in wti but brent as well. back to you guys. >> thanks. and jim lebenthal, this plays into your portfolio. >> it does. i want to make one point. dom is exactly right, that these stocks have been trading on the spread between west texas and brent for the reasons that he listed but when you actually go into the companies and do the fundamental analysis, particularly marathon petroleum we own and are long, these are extrem

valero, tesoro. we have tons of crude out there. we've got expanded much better than expected u.s.e demand going into the spring season. >> today they're down on the market mandy. new thank you very much. bob pass auny setting it all up for us. the question is can you still find value in this market? well, chief investment officer, atlantic trust. dan neemen a partner of neemen funds management. gentlemen, thank you very much for joining us. dave, you know as bob was noting, we really are only just a hair away from record highs for the s&p and the dow. near 15-year highs for the nasdaq. are you seeing more value in international markets. international is huge. there are million markets internationally. which ones in particular? the u.k. is at a record high. the nikkei is at a 15-year high. where are you seeing value? >> well we look at the international markets on a relative basis to the u.s. and they lag pretty dramatically. not just last year but in 2013 as well. when we look at the european markets now, the trading at several multiple points below the u.s. market. the economic n

what's interesting is valero it's riding an 11-day winning streak. of the last 13. there's short-term momentum going for these refining names. and the single best performing s&p energy stock this year to date is newfield exploration. up 15%. now, there are still really big drags here as far as the sktector goes. we're still in earnings season right now. but we already know from what's reported that the blended earnings growth rate for this past quarter for the energy sector is a 19% drag. 19% drop in the same time last year. and sales growth is expected to be a 14% drop from last year. that's as of yesterday. so it's going to become clear whether or not that energy trade is going to be as big of a drag as people think. but for right now, some investors are trying to pick up some bargains at these levels. >> we appreciate it. see you soon. >>> coming up next we'll continue a bit of that conversation because u.p.s. is out. reaction we'll get from a top analyst on the street. and then at 8:30 the ceo of paychex. we're going to talk all things uber this