valero, the symbol is vlo. it trades at 18 times, and it has a >> exactly. and when you combine the valuation plus the dividend, it really is a company that is very attractive, especially when you compare it to treasury yields at 2.4% or 2.5%. the story with valero is very simple. they used to be very focused on growth and growing capacity. and now they've turned their focus to very much a cash flow story and a disciplined approach to spending capital. the market has loved that, that's why the stock has done what it's done over the recent past. so it's a story of becoming much more disciplined in the way they spend money and returning more money to shareholders. >> let's go to your next pick, which is bank of america, bac. you said you bought it after the president won the election, and you say it scores in the top 20% of the universe, interesting. >> well, so we have a very complex scoring system. we score 10,000 stocks worldwide, 4,000 alone in the u.s. at bmo global asset management. the key for bank of america, it benefits from a few trends. first of all

all right, mike valero is live. what can you tell us? >> we want to start out with the child. this toddler is going to make it after that child was shot in the leg. no suspect description which is why this is an active investigation. over my shoulder you the squad cars parked in this parking lot where shooting happened and to my left we have two squad cars because officer are convicting interviews at the 6:00 hour trying to figure out what happened and get that suspect description out to us and everybody else is watching tonight. what happens 3:10 this afternoon, that's when gunfire happens inside this apartment building behind my shoulder. the first call goes out to 911, and luckily we're about a ten minute drive from saint elizabeth hospital. that's where the child is taken to. that child shot in the leg is expected to make it. but of course as soon as we get a suspect description, we'll push that out on our facebook and twitter accounts as wusa9 will be here through the evening. that's the latest in southeast, mike valero, wusa9. >> i appreciate that. >>> a mystery in montg

always took care of everybody. >> reporter: we did some digging and found out exactly who owns this valero gas station here. it is a company called nah partners. we did reach out to them, but have not heard back. marcella robertson, wusa9. >> agents were only executing a search warrant. as of right now, no arrests have been made. >>> riders on metro's red line can't catch a break. right after part of the line was shut down there's a new issue and you know what that means, more slowdowns. transportation reporter pete muntean is tracking metro tonight. >> reporter: take the red line and you're already feeling this, only one between brooklyn and ft. totten, the same between ft. totten and takoma, but the reverb will be felt all along the red line. above ground trains like up here will come every 10 minutes instead of eight like usual. underground trains like down here in the core every five minutes instead of the usual four. here's the problem. it has to do with your safety. metro found bad communications cables between these three stations. they transmit train speed and location. the cables

we are here along james madison highway in warrenton where authorities are still searching this valero gas station behind me. let me walk you through exactly what we know. the homeland security investigations, dea and sheriff's office are taking the lead on the investigation. sources tell me this is drug related and also part of a much bigger, ongoing federal investigation. authorities came to this gas station around 4:00 this afternoon. they have been searching both inside and they have also focused on a car outside, on the back of the property, for about two hours now. again, this is off of james madison highway, route 15 here. it is very, very busy, and a very popular gas station. those familiar with it say they really aren't all that surprised that police are here today. >> the rumors of stuff being sold here that is banned from lived in. i don't know, it is just, with it being right here, you know, i have my family and everything. >> reporter: and authorities are not saying much other than we have been able to confirm this is drug related. we know that the owners of the gas statio

cole bunts right down the middle and tcu wins the valero alamo bowl by two. enjoy your friday.dnight. >> our thanks to scott. >>> you never know what's going to happen on live tv especially when dinosaurs show up. we'll show you next. >>> also ahead the marijuana munchies. one fast food's idea to cash in on california's new pot law. before you and your rheumatologist move to another treatment, ask if xeljanz xr is right for you. xeljanz xr is a once-daily pill for adults with moderate to severe ra for whom methotrexate did not work well. it can reduce pain, swelling and further joint damage, even without methotrexate. xeljanz xr can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections, lymphoma and other cancers have happened. don't start xeljanz xr if you have an infection. tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. your doctor should perform blood tests before you start and while taking xeljanz xr, and monitor certain liver tests. tell your doctor if you

you go after halliburton or schlumberger or you fade valero which is the most defensive of all energy stocks. >> mike? last word. >> you're spending 3% of the underlying price of xle here if the long end goes up a little bit higher and we see more volatility, and you can always spread, that's the other thing if we get a rally, you can spread or look to turn it into a risk reversal. >> let's move on here. do you hear that sound that is the sound of volatility this year. the vix hitting all time lows in what has been a quiet year for the market bob pisani is breaking it down from the nyse, hi, bob >> reporter: thanks, melissa in an extraordinary year for the stock market, one of the most extraordinary developments was the continuing run of low volatility the s&p 500 has had a total of eight days this year in which it moved up or down 1% or more. only eight that's way below normal. in 20 '01, the s&p 500 had 48 such days. 71 in 2015 39 in 2014 with such low volatility, it's no wonder that the traders' main gauge, the vix, stayed low all year the vix averaged 11. the average in prior five

that's the amount valero will have to pay the bay area air quality management district to settle violations at its t its refinery. the violations include emission limits, minor hydrocarbon leaks from storage tanks, and also some related to administration. >>> as people rush to pay their property taxes by the end of the year, new alarms are being sounded in the bay area about the potentially damaging effects on the bay area housing market. abc 7 news reporter laura anthony has the story. >> those factors will hit heavily. >> reporter: realtor mark ross says new federal limits on mortgage interest deductions and tax writeoffs could deal a big blow to the bay area housing market. >> this will make people think twice about selling. they might remodel instead of selling. that might have an overreaching effect on the supply. when the supply is constrained, the prices continue to go up. >> reporter: the new law only allows interest to be deducted on new mortgages up to $750,000, down from $1 million. and federal deductions for state and local taxes including property taxes will be limited to $10,0

mandates that will strengthen or going tighten the market further and we think whether it's endeavor, valero, marathon petroleum or phillips 66, all those stocks will do well, and we think that they will uth perform the market as well. can oil stay around $60 a barrel, wti, not brent, doug, if we get a million barrels a day added in same the permian basis or eagleford shale in the next 12 to 24 months? >> we think that wti and brent are going to be well above that level. i mean, we think that the forward curve is 15% too low and let me make a couple of points about that first on the demand side, we have a goldilocks scenario in place, global gdp is in positive territory and the u.s. which is 25% of gdp will have lower taxes next year and our economics team believes that will lead to better economic growth which bodes well for oil demap the demand side is not talked about as much because the focus of the debates is on the supply side as you pointed out it's on u.s. shale hand whether or not cooperation between opec and non-opec can continue. so we fully believe that u.s. shale output us going

new $700 million loophole for oil and gas partnerships that will benefit oil giants like shell and valero. they had no problem creating a new loophole for wealthy individuals with large real estate holdings, a loophole that's been described as a jackpot for the trump family and for several members of congress. they had no problem retaining the carried interest loophole at a cost to the treasury of $20 billion. i remember during the campaign when candidate donald trump railed against the carried interest loophole as a giveaway to wall street that was unfair to american workers. again and again, candidate trump promised to kill this loophole, but president trump now enthusiastically supports keeping it in the tax bill. well, yesterday at the white house, republican leaders and president trump celebrated the tax bill, while at the same time many in the majority party insist that the federal government can't afford to help nine million children who depend on the chip program and tens of millions of working americans who rely on community health centers or the affordable care act for access to