the day begins quietly at the valero convenience store. a long-time customer who goes by the name cowboy makes his routine stop. >> in the morning i came in the store to get cigarettes like i normally do. i was standing up with my money in my hand. >> as cowboy makes his purchase, the peaceful morning turns to chaos. >> and all of a sudden i hear somebody come in and says, get on the floor. they had masks and i see the gun and that was it. went behind the beer cooler and laid down. >> the gunman reaches over the counter and shoots at both men, hitting one clerk in his leg. >> when i hear the shots, that's when i really got scared. i thought, well, you know, this is it. >> as the other clerk shields himself with the counter, a second man jumps through the glass partition and starts digging for cash. a surveillance camera shows the gunman forcing cowboy to stay on the floor. he's scared for his life. >> what was going through my mind, hope they don't come around and shoot me. nothing i could do, they had me on the floor. so -- >> while one o

. >> james ross long law valero consulting inc. john newman. >> thank you select one. >> just one. >> okay. >> airbnb. >> great thanks that complements our selection process. >> thank you, ms. shay and to the public for your assistance two former commissioners can't get better than that the next item on the agenda is discussion and possible action for the project calendar for various staff projects you want to talk about that one. >> yes. sxhour and commissioners and thank you deputy director at the last meeting the commission approved four proposals for staff to pursue and investigate in terms of augmenting the city campaign finance ordinance and given sort of you know the choices and sort of the amount of work involved the commission directed united states to prepare a project calendar that estimated sort of how much time and the type of work into each particular project and then to bring that forward to the commission for comment, approval and certainly suggestions and ultimately direction as your thoughts to that calendar along

a gun and got away with an undisclosed amount of money. 50 minutes later, the same man held up a valero gas station. and a third robbery happened yesterday afternoon. a man did he manned medication from a pharmacy on lakeville street telling the pharmacist he had a gun. they're looking into whether the same suspect is connected to all three robberies. >>> a taxi driver and his roommate are accused of raping a unconscious woman in her cab. she called a cab, and a driver picked her up and they bought alcohol to drink together in the cab. the woman lost consciousness, the driver pucked up his roommate. the woman told police when she regained consciousness she was being raped. there was a schedule and the men pushed her out of the cab in sunnyvale, they were able to locate the taxi and arrest the two men. >>> coming up, a pug kicked and then killed. in minutes, the tragic tale of he said she said made it to court in contra costa. >>> war memorials, the controversy where children should be allowed to play. >>> in san francisco northbound 101 looks good. you don't have problems get nothing th

specifically phillips and valero. we think they're not pricing in current spread so we see upside in these stocks. >> warm back up to oil a producers a smaller producer that analysts note is likely to buy more acreage, a move to position for growth in the long-term. midstream pipelines stand to gain as well. energy infrastructure giants like enterprise product partners all american pipeline and midstream partners with hefty dividends and upstanding holdings. but there's still plenty of head winds. the largest, oil could move much lower at least in the short-term. that means plenty of volatility for energy stocks and it also means greater risk. for "nightly business report," i'm morgan brennan. >> issued loans in the oil sector face millions of dollars in pot losses. in a report published by "the wall street journal," big banks like citi or goldman sachs or ubs thought they could sell the loans to investors but haven't been able to due to the oil prices over the last few months. >>> the main focus was greece and precar

then, a valero gas station, then a lucky store, demanding not cash but drugs. the latest at a 7-11 on petaluma boulevard south at 1:29 this morning. police say it is significant, thus far he has yet to show the weapon. >> there is more state prison time that comes behind that. significantly than if he simply says he has one. police say they're looking for what p appears to be a white male, and clearly a master of disguise, concern is with success, he and a possible partner may feel embouldered >> we've had four of these incident. nobody has been hurt. my concern is that as in addition to crimes, the more people keeps from doing this, odds of escalation are going to increase. >> from petaluma abc7 news >> police are looking for this man, wanted for exposing himself to three people last neek week. in the next hour, he exposed himself to two women. >> police today announced arrest of a sexual assault suspect they've been seeking charged with a series of battery offenses dating back to september, in knob hill area. now, he was arrested here at huntington park. inve

then, a valero gas station, then a lucky store, demanding not cash but drugs. the latest at a 7-11 on petaluma boulevard south at 1:29 this morning. police say it is significant, thus far he has yet to show the weapon. >> there is more state prison time that comes behind that. significantly than if he simply says he has one. police say they're looking for what p appears to be a white male, and clearly a master of disguise, concern is with success, he and a possible partner may feel embouldered >> we've had four of these incident. nobody has been hurt. my concern is that as in addition to crimes, the more people keeps from doing this, odds of escalation are going to increase. >> from petaluma abc7 news >> police are looking for this man, wanted for exposing himself to three people last neek week. in the next hour, he exposed himself to two women. >> police today announced arrest of a sexual assault suspect they've been seeking charged with a series of battery offenses dating back to september, in knob hill area. now, he was arrested here at huntington park. inve

goes through the valero refinery in benicia. and the tesoro refinery in martinez. but neither of those cities hits the 100- thousand resident threshold. >> pam: b-n-s-f also says, it will also do more track inspections near waterways. last year, oakland council members banned crude by rail through their city. >> grant:we're always tracking neighborhood crime.here's awalnut creek police say these surveillance pictures show a motorcycle thefts in progress. >> grant:between sunday afternoon and early monday morning.six vehicles were stolen in walnut creek. here's where the crooks are striking: trinity avenue. >> grant:north main st. >> grant:creekside drive. >> grant:wigget lane. >> grant:and ygnacio valley road. one victim posted his story on claycord.com.and tells us he feels violated. >> pam: a public memorial will be held this week. for veteran san jose police officer michael johnson. who was gunned down in the line of duty. >> pam: the memorial will be held this thursday. april- second. at the s-a-p center at 11- am. >> pam: police officers from around the nation

well, valero up 22%, a whopping 22 % this year but it could rise another 13%.could increase another 16% over the coming months as well and, guys, if you just don't look at independent refiners look at the oil majors exxon mobile with an upgrade because it's downstream earnings basically, its refining operations. >> thank you so much morgan. >> thank you all, for watching that's the first hour of "power." >> brian, over to you. >> thank you very much. okay, it is 2:00 on wall street. noon in spokane, and the dow down 120 points, dollar index is up, and this is the second hour of "power lunch," and we are going to stick with oil. you just heard morgan talking refiners and melissa lee, crude oil giving back what it gained on what we call the fed freakout from yesterday. >> well, you know the u.s. dollar, brian, it was not potent because the dollar index bounced back nicely today in part contributing to the pressure on crude, but, of course we got record high inventories, so yes, another data point to show that production cuts are not enough. there could be more pa

. >> i'm looking and liking cst brands, that's the valero spinoff, i like that one more got more going for it. economic strength matters and until we see a pickup in business we'll see earnings doozys, most restaurant stocks have been sizzling hot but not all are winners. what you need to keep the hearty returns coming? don't miss my take. plus we've got tweets. go ahead and tweet your question i might just answer on air. stick with cramer. >> don't miss a second of "mad money" follow jim cramer on twitter. have a question tweet cramer #madtweets. send jim an e-mail to madmoney atcnbc.com. or give us a call 800-743-cnbc. miss something? head to mad money at cnbc.com. at mfs, we believe in the power of active management. our teams collaborate around the world, which leads to better decisions for our clients. put our global active management expertise to work for you. mfs. there is no expertise without collaboration. this is my body of proof. proof of less joint pain. and clearer skin. this is my body of proof that i can fight psoriatic arthritis from the inside out... with humira. humir

>> and those refiners, whether it's holley frontier or whether it's western refining wnr, tesoro, valero, all of these names will continue to work because unless they do change and let them send out nonrefined product, in other words, crude oil directly. >> right. >> then we're going to have the glut. it's going to continue to build to a certain point obviously. it will bleed off some as we get closer and closer to memorial day, but we're going to have an over supply situation for quite a while. that's good if you're a refiner. >> in terms of the banks -- >> i mean, today was a terrible trade for the banks. yesterday was worse for the regional banks and the banks that actually lend. >> yeah. today was really not good. they rallied a little bit off their lows but nothing close to a rally for sure. you know, i don't like this flattish yield curve, that's clearly bad, but i think the valuations reflect not a great yield curve. >> last question here. do we stay away from interest rate sensitive stocks? the bond proxies, the utilities, the reits? >> i would. >> you would? >> i would. i think

jared who is your winne >> valero did a great job capturing low oil, higher fuel prices.y returned about 10% plus to investoirs and think they'll continue to climb. refiners are looking good. david: my winner is anybody who held stock in heinz, up over 40%. let's go to the losers, jared, who is your loser of the week? >> based upon what we know, my loser has to be the copilot of the germanwings flight that went down. we put our faith and trust in policy, and thousands do such great things for us, and this gentleman betrayed the trust and took the lives of 149 people, and for that, he's my loser. david: not to mention his own soul. adam, who's your loseer? >> american foreign policy. this deal you are talking about with the iranians on sunday. who's side are we on? one case we want the iranians with us as we stop isis and iraq, we're about to -- i can't say pisz off on tv, can i? david: you just did. >> allies with iran, this is just nuts. david: it is crazy. john, who's your loseer? >> property rights in indiana lost this week for the state protecting the right of people

. >> valero? >> you could go marathon, you could really pick a basket of all of them?one of the majors made a new low atz the crude made a new low. i don't have a strong view on the price of crude, but i really like the action in the bigger names in the space. >>> coming up, an exclusive look at iris scanning technology for your car. >>> plus, how to invest in the connected car trend. and we await that speech from the federal reserve's vice chairman stanley fisher. when should we really expect a rate hike? maybe some clues today. and it is contrary january week. coming up, the manager of janice's fund with unpopular picks. get your pens and paper ready. we'll be right back. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. if legalzoom has your bac

even valero's done well. i think people try to play there. it's not there. pete talks about the ovx. it's been elevated. it does not seem to want to go down. which makes me believe the next is coming. >> looking at energy shares, they were beat up today. some people thought it was signs of a bottom. >> to dennis' point, up $5, down $5. that's why it's important. it's stayed above $50 for some time. use those options. any time we get dips on the ovx, great opportunity to step in and try to purchase some of those. get them on the cheap. gives you an opportunity to play the upside with the volatility. >> you guys mention the refiners. and they're doing well because of the spread between wti and brent is wide. if there is a deal in iran and there is a lot of oil coming on, then that spread could narrow that. so i would say watch that. i don't say the finer trade is over, but just watch that for a warning side. >> how do you play it, tim? >> i think being long u.s. kind of conventional upside is also very smart. those guys that have the best balance sheets. you k

there are not too many public companies that trade and spin off valero.bably good one right now. with the lower money, lower cost of gasoline, their profit margins go up. people have more money in their pockets to buy things selling at convenience stores. look at those. liz: it's a retail pick. certainly is. all roads for phil lead to oil and gasoline world. >>> coming up, yeah is there a louis vuitton purse that is $15 billion? how about snapchat, a company? pharell williams and robin thicke's lawyer vows to fight the "blurred lines" verdict. what is next on music battle, david? david: ambush in ferguson, missouri. two police officers are shot. there may be leads in the case. we'll give you details. box shares falling back to earth after it is first quarterly results as publicly-traded company. we have the ceo. ceo aaron levy will tell us why he is not worried about this. aaron is coming up. ♪ at ally bank no branches equals great rates. it's a fact. kind of like mute buttons equal danger. ...that sound good? not being on this phone call sounds good. it'

bank of america refining conference you have to take a look at, valero had a big move today. same terms, nine and a half, ten times forward earnings. i think both stocks still feel like they want to make a move higher. >> >> exxonmobile also has its day tomorrow allegedly they are going to unveil their cap ex plans, is that an issue? >> probably an issue, yeah, i'm not sure it'll be a driver for the stock necessarily. i think for me, the oil patch if you want to be on the long side of it, it's a no-touch right now. stay away from the names. definitely stay away from the drillers. >> even the refiners? >> refiners maybe because they have an advantage, right? >> refiners up 21%. still makes sense for them because they're costs, even if they rise a little bit here. input costs are really historically low. >> buying something 21% in a market that i think is correcting and could go lower. i would match rather be short some of the countries that will do well on low oil which would be mexico and which would be brazil. >> okay. let's hit the volatility index here. better known as the

. >> valero. >> marathon, holly, frontier, all of them are making ton of cash, paying down debt, raisingividends, and as you get more glut of oil in this country they're going to make more money. >> do you buy the airlines here. >> absolutely. you buy them on the dips. every time a great opportunity i think. look at american going to the s&p 500. you look at the way they've been trading, day after day every one of the pullbacks i think has been a buy in the airls. >> coming up we're going under the radar for one discount retailer whose shares are up more than 100% over the past year. and popping on this down day. plus, surprising news out of the nfl. rookie linebacker walking away from the game out of safety concerns. what does that mean for the league? talk about that next. commodity like oil, you have to >>> "the halftime report" with scott wapner is the place for market moving interviews. >> when you see large currency moves and large price moves in a commodity like oil, you have to be worried. >> real money. >> what makes things cheap is uncertainty. >> real debate. >> interest rates

valero is a refiner. both of those names are in the portfolio playbook that we have.ve in those names. i think you're going to see consolidation in this space. they're going to be winners. the other side of it, josh talked before about a lot of the shale players being in trouble. look at oasis, a hedge fund favorite. that stock down once again today. exco resources. you have these names, who are focused domestically in shale that are in trouble. they are in trouble. those are the names you want to avoid. they're telegraphing to you don't bottom pick. look at the ones who have proven global reserves. >> a quick point before we go? >> i would focus more on the xle than anything else. if you're trying to determine whether or not we're seeing a bottoming process taking place, we could be setting up for a higher low. that would be somewhat constructive. there's absolutely no reason to get really aggressive here, because we're right there at those levels, at bottom last time, and no one knows if it will hold. if you're looking for that reversal trade, the xle is what you sh

>> valero. a lot of momentum. a great environment as we talked about. going to make money. >> dr.ody with a large role, rolled up to the 16 strike. bought it. stock and option. the second biotech stock he mentioned. i'm going with europe. hedj, still like that. it's currency hedged, participation. >> excellent. thank you lady and gentlemen. >>> does it for us. "power lunch" begins right now. >>> "halftime" is is over. "power lunch" and the second half of the trading day start right now. >> michelle and all, thank you, along with mandy drury, i'll tyler mathisen. another day, another huge move. >> look at the moves. gain 1.1% for the dow, hitting 18,164. the nasdaq up by nearly 1%. s&p by a little more than that percentagewise and the russell 2000, small caps currently up very nicely indeed. flipped over the board to show you what's happening with the etfs, mirroring those indices. the dia, tracking the dow, the qs track the nasdaq, spy tracks the 500 and the iwm following the russell. >> and a big step today to tel

valero and pioneer. >> and used all 52 trades already. >> yeah. just kidding.id because i love . >> making a trade? >> this week. >> could be today after the fed. >> i know. i feel you on me, man. when this turns i tell you scott will be riding along for this thing. it will be great. >> i knew it all along. holding on and they came through. >> yeah. >> you're not in the competition to sit on your hands right? >> you're right. you're right. >> let's hit our trader blitz four on four stocks making news. first up fedex, it's down after reporting weak full year guidance. mixed report. >> they blew out the number as far as the bottom line number and the weak guidance turned things around. stock traded to 180 in the premarket crashed down through 172. now 171 and change. so big reversal in fedex today. a lot of people took the profit and ran. >> herbal life, stock we've never spoken about. >> yeah. what do they do? up 11% based through the judge in california dismissed a suit. i don't think it should be up 11%. the suit was poor reason for going after them saying ack

look at valero representing through the february high.reat. >> power begins now. >> halftime is over. power lunch and the second half of the trading day start right now. >> scott, gentlemen, thank you very much. along with mandy drury, i'm tyler mathison. we have a selloff on our hands right now. >> we do. let's take a look at the numbers. the dow is off by just over is 1%. the s&p 500 percentage terms not off by quite as much. the russell 2,000, the small caps off by 1.6%. it tracks those indexes falling in tan dem with the indexes. >> how about bonds. let's look at the yield on the ten-year note. there you see it fa

energy has been leading the way things like marathon up 3% phillips up 2.5%, valero and chevron alsoe, of course, we have jo ling kent stationed at the apple show. the stock's up about 1%, this is the revealing of the new high fashion apple watch. and we'll be getting more details throughout the day. and michael kors under pressure after stern ag cuts the company's outlook. it's down 2.7%. they're also concerned about some damage at one of their distribution centers of merchandise. more fox business coming up. stion that needs to be asked is "what is it that we can do that is impactful?" what the cloud enables is computing to empower cancer researchers. it used to take two weeks to sequence and analyze a genome; with the microsoft cloud we can analyze 100 per day. whatever i can do to help compute a cure for cancer, that's what i'd like to do. stuart: all right, first of all take a look at the share price of the burger chain red robin. okay, $77 a share down 1 percent today, but it has been doing very well. the compan by the way, is expanding in chicago. of it's a burger chain, okay?

look at valero representing through the february high. looks great. >> power begins now. >> halftime is over. power lunch and the second half of the trading day start right now. >> scott, gentlemen, thank you very much. along with mandy drury, i'm tyler mathison. we have a selloff on our hands right now. >> we do. let's take a look at the numbers. the dow is off by just over is 1%. the s&p 500 percentage terms not off by quite as much. the russell 2,000, the small caps off by 1.6%. it tracks those indexes falling in tan dem with the indexes. >> how about bonds. let's look at the yield on the ten-year note. there you see it falling. 1.855. >> we begin with facebook with the social media giant honing a developers conference this hour. the stock right now is currently down 1.9% but it is nonetheless, still sitting around all-time highs. julia borstein is live at the big event in san francisco. julia. >> that's right, mandy. mark zuckerberg is about to take the stage. he will be addressing the 2,500 developers who are gathered here in san fra

valero down. gasoline prices are rising as well. could have a positive impact for some of them but not so in today's session. lastly, we want to talk about some of these cars. there was a big deal in the card area with costco signing on visa and citi. we'll have more details on that coming up after the half hour. a little after 1:30 tyler, back to you. >> thank you very much. it was the interview of the day here on cnbc. the world's greatest investor. warren buffett speaking with our becky quick on "squawk box". today from omaha, nebraska. a lot of topics covered from his holdings in ibm, the economy, value in this market and the big one, who will take over from him at brookshire hathaway at whatever point it is that he steps down. it is coming apparently down to two guys. >> they're down to the horse race. that story comes from charlie saying that those two are world class. they absolutely are. he described them as world class, and that was probably an understatement. i would totally agree with that. either one of those men could r

look at valero energy, other companies like darden. >> the yield is a furntionnction of the price.e drops, the better the dividend yield looks. >> these are gainers, too. they have had strong gains at least so far this year. that's what this story is looking at. it's a great way. there are ways you can go in there and look at not just what the dividend is but overall if that's the type of company i want in my portfolio. >> story you mentioned in the introduction is interesting because it looks just at the s&p 500 but if you actually look within the industry that pays the most in dividends, it's actually private equity of all places, and these are companies that are less well known conventionally to investors at home, about you they actually make their executives the richest. steven schwartzman made a cool $570 million in dividends from blackstone just this last year. we talk about wall street compensation at the banks, but really the pockets are getting lined the most at private equity firms because of their holdings in their own shares. >> dan, do you guys come down on this one wa