walton spent two months in a hospital after a stray bullet struck her while she was riding her scooter. police say that the accused shooter fired a gun at hiss ex- girlfriend. walton still needs more surgeries but she holds no grudges. >> you're not angry at the guy who shot you? >> no. >> why not? >> because i don't have that type -- i'm not that type of person. i don't hold -- i forgive him. >> walton says through this whole ordeal she has discovered her passion for helping others and wants to become a nurse when she grows up. >>> a new diet pill to tell you about this morning going to be on the market soon to help obese people lose weight. if diet and exercise just isn't enough. the u.s. food and drug administration approved belviq a new weight loss drug. yesterday this came the light and it basically tricks the brain into making you feel full after eating just small amounts of food. the drug is approved for use in adults and a body mass index of at least 30 which is class fied as obese. >>> time for five things know before you head out the door this morning. the city of the stockto

he's the man accused of firing a gun at his ex-girlfriend last april and a stray bullet struck walton riding her scooter. >> you're not angry at the guy who shot you? >> no. >> why not? >> because i don't have that type -- i'm not that type of person. i don't hold him or anyone -- i forgive him. >> she says when she grows up she wants to become a nurse to help other people. >>> police in south florida right now are looking for a man caught on camera robbing a 65- year-old woman. now this happened over the weekend in lauder dale lakes. now surveillance video shows the woman walking to her condo and she hardly notices the suspect coming towards her until he suddenly snatches her purse and then throws her to the grounds. she injures her arms and wrists and the suspect got away and police are hoping the video will help them. >>> some other video this morning to show you that you have to check out. a winter road in pennsylvania but of course it's not snow. hang on. there it is. rather, it's powdered sugar. a tractor-trailer crashed while getting off of the pennsylvania turnpike spilling a

the walton family gives a tremendous amount to politicians.y got their state tax lowered by giving 10s of millions of dollars. they guys know what they're getting. and maybe not just money but getting out of charges that could be hurtful to them. going to the koch brothers. they've given tremendous amount of money already. do you know how much they're pledging to this election alone? $400 million. man. what are they looking for? turns out they also have an issue with foreign corruption practices act. how many of these guys could there be, gee number. >> the questions about koch's overseas business goes beyond iran. documents that reveal for the first time that employees at koch france made illicit payments to try to win business from private-and government-owned business in morocco, nigeria and saudi saudi arabia from 2002 to 2008. a more racka moroccoen company receiving a cash. >> cenk: you know, this is three-for-three of companies paying off foreign companies. if you give $400 million to the winning candidate, believe me, you ain't being h

remember the walton family owns 47% of the outstanding shares. so it would have been very, very hard for change to have come at least in that manner. but it's not out of the question that at some point down the road management changes could happen as a result of possible findings. we all will just have to wait and see. >> we do have to wait and see. in the meantime, thank you so much, courtney. once again investors are looking for the safest ports in a storm of economic uncertainty. we have two big money managers ready to help us navigate those waters. we have president of intrepid capital funds, peter senior portfolio manager at huntington asset advisors. thank you very much for joining us today. i know there are a lot of people selling today. and i know that panic is an easy thing to do. but panic is not an investment strategy. is now, mark, a buying opportunity? >> mandy, today's the first day of the atlantic hurricane season. and we've welcomed it with a down 2% day. i look forward to high volatility days. i think there's much greater mispric

. >> like if walton family owns walmart. if you use cash flow to buy back shares, you are buying the company slowly and steadily with the company's own cash flow. and now basically what he is suggesting is maybe i can, you know, buy the whole thing. >> i think that means best buy goes down slower. >> i mean that actually -- that means that this is more of a call option. >> let's hit the play book one more time. i want to buy best buy's stock, move by carter's presentation. mike's option actually pays him a 25 cent credit. got a question out there, send us an e-mail. and that's right after our show on our website. option action.cnbc. so you got to check it out. here is what is coming up next. >> just short it. dan's bearish bet on nike stock has tripled his money in just a month and there is more left to be made. how did he do it and what's his next move? find out when options action returns. >> time for pump up the volume. >> betting that the stock is riding high this week, the company shares are still a steal. who is it? th

walton to lodge -- to launch a pilot. i am really looking for to the work that will be happening there to create an all female floor. and another issue that we hear about over and over again, it is something with the nonprofit or -- operators. realizing that we should renegotiate with the private landlords to get the elevators are fixed. we have a lot of seniors that have to walk up three, four, five flights of stairs to get to their units, and how tiring that is. i was at a tenant meeting and i got to see firsthand how every one of their tenants, every time they left the hotel and when to come back, how helpful it would be if they just put in a wooden ramp between the step up and the ground floor of the lobby. we need to work to see how the sro property owners can make improvements. the last thing i will say is the other issue that we hear about over and over again about a tenant housing and other affordable housing in the city. one issue is how to get more affordable buildings throughout san francisco. we would like to

if you own a substantial portion of a company like the walton family owns walmart and he owns best buy if you use cash flow to buy back shares you are buying the company. slowly and steadily with the company's own cash flow. now basically what he's suggesting if i'm not going to buy it back fast enough maybe i can buy the whole thing. >> best buy goes down slower. >> that means that this is more of a call option. >> let's hit the playbook. i want to buy best buy stock moved by carter's present jays. that will cost you 21 bucks a share. the option pace him a 25 cent credit in worse case scenario he could be forced to buy best buy stock for 17.75. carter always good to see you. stay cool in this heat. got a question, send us an e-mail. we also post trade recaps there too so check it out. here's what's coming up next. >> just short it. dan's bear iish on stock. find out when "options action" returns. time for pump up the volume. this deal company's roots reach back over 110 years. friends from back then call it the american rolling mill company. these days they are well-known for making r

walton about his department. do you have an analysis of i.t. spending in other departments? >> good afternoon. we did do an analysis this year to look at the budget, both this past budget and the proposed budget for i.t.. the amount is $100.90000000 -- $190 million. president tchi: have begun an analysis of what the actual saar for this past fiscal year compared to what we budgeted. last year? >> we could do that. i do know that in some instances, the funds are spent in a different fiscal year of then in which there were appropriate. we have a large project that may be funded but it takes two years to expand the money. the budget and the expenditure are not necessarily a match but we can provide the total spending to the committee as well. presdienident chiu: the puc's actual was higher than was budgeted and i wanted to get a sense of whether that is the case for other departments. >> it is very likely, the puc and most of the enterprise departments, they do budget in one year even though it might take two or three years to spend the money. it would not necessarily be uncomm

walton about his department. do you have an analysis of i.t. spending in other departments? >> good afternoon. we did do an analysis this year to look at the budget, both this past budget and the proposed budget for i.t.. the amount is $100.90000000 -- $190 million. president tch

waltons owned most of the company by the time they were done. that isn't necessarily going to help prop it up here. >> i think people who fled, say, nordstrom to go to walmart are now going aback to nordstrom and names like that. >> stocks versus options one more time. when you short any stock you have limited upside and unlimited down side, whether walmart or any stock. it offers leverage and defines his risk to just $90. our changes to carter worth. send us an e-mail. optionsaction @cnbc.com. please check it out. here's what's coming up next. >> well, that should earn him a friend request. wait for more gains or just log out of the trade? find out when options action returns. it's time for pump up the volume. the names that were heating up options sizzle index this week. need to lose some weight? no need to jog. this pharmaceutical company is trying to help you out. they have developed a new weight loss drug and they're just waiting to hear back from the fda. they made a hefty bet approval will bloat the share price. who is it? the answer when

so walton declared a mistrial pretty quickly. things got pushed back until this year, until april when this started again >> suarez: this is the first time both sides put on their entire case. was there a turning point, a witness that ended up really making a big impression on the jury? >> i think there were a couple of turning points. i think the defense did a good job of casting a lot of doubt about the trainer who was the source in the mitchell report who said that he had injected clemons and gotten steroids for clemons and human growth hormone for clemons. andy pettitte's testimony. under cross-examination by the defense he was very wishy washy. he said it was you know 50-50 that he may have misunderstood clemons when he testified about 1999 or 2000 conversation with clemons about human growth hormone. the trainer's wife was also a good witness for the defense. they're in a very bitter divorce right now. she contradicted a lot of her husband's testimony. >> suarez: but the former trainer was said to have roger clemons' d.n.a.

i wanted to thank scott walton, from the human services agency, a knee from emergency management, and cheryl adams, for being here today. we have a number of representatives here today from city departments. i wanted to allow supervisor olague to make some remarks. >> thank you -- supervisor olague: thank you. as the supervisor mentioned, i think that this has been a positive process. the network and collaborative in the city, as well as chinatown and the community development center, we all came together and work hard on this report. we worked hard and surveyed individuals that live in the hotels and it was surprising what we found. in some instances, i think there was even a sense that some seniors were not interested in leaving where they lived, but interested in seeing better conditions in the hotels where they resided. in chinatown i believe that the organizers located someone who was in their late 90's, close to 100, who had lived in the hotel for 40 years to 50 years and were very attached to that community. i think that we sometimes need to catch ourselves in these assumptions

a stray bullet struck walton and it happened two months ago. while she was on a scooter. she's been hospitalized ever understand that happened and she needs more surgeries. however she says she's not angry at the accused shooter. she says the experience has actually shown her she wants to be a nurse when she grows up. >>> meanwhile pretty wild at the miami zoo. take a look at this. 7-year-old alex walker was posing for a picture in front of the lions' den. got awfully close but as you can see the lion jumped up to the glass, the boy heard the commotion and turned around and saw that. the lion. his dad says it scared him but it was a once in a lifetime shot. that kid looked pretty terrified in that photo. >>> it looks like a big snowstorm? pennsylvania but on wednesday take a second look. it was not filled up with snow, it was actually powdered sugar. a tractor-trailer crashed and it spilled its load of sugar all over the roadway. it took hours to clean up this mess and reopen that road. as for the driver he was hurt but he's expected to be all right. >>> all right, time n

>> my view is what i was trained by walmart and sam walton to believe.nd that is that we are held to a very, very high standard of ethics and integrity. and honesty. our jobs depend on that. i've seen associates called in the office for making an honest mistake and the minute they call you in the office, they tell you you your integrity is in question. and to me that's hypocritical. if the big investors feel that that type of dishonesty is already, then they are not holding to the principles of sam walton holds us to or held us to. >> i think there are still questions obviously the piece was in the "new york times" and we have not heard a lot of details and that's something investors have told us they would like to hear more about. but we appreciate your time today and we thank you for joining us. >> okay. thank you. >>> if you have any comments, questions about anything you see here on squawk, shoot us an e-mail. squawk@cnbc.com is the address. you can also tweet us at squawk cn cnbc. cnbc. >>> monday our guest host will be turnaround specialist harry w

congressman bill waldenay son watches netflix while his tv sits idle a few feet away and congressman walton is chair of the committee. and a quick reminder that you can see it any time on the c-span video library and go to c-span.org/video library and consider the conversation at twitter.com, #, future of tv. >>> coming up this afternoon here on c-span3 two house, science space and technology subcommittees. hear a report on whether the satellite programs run the oceanic atmospheric administration or noaa. congress has spent $6 million on that so far. we'll have that hearing at 2:00 p.m. eastern right here on c-span3. >>> july 7th and 8th, book tv explore the heritage and literary culture of missouri's state capital, jefferson city with with c-span's local content vehicles and book tv on the campus of lincoln university. >> this is probably the most famous book and this is the one we like to show to visitors when this is a book about harriet tubman called harriet, the moses of her people and the special thing about this, this book was written in 1866. the special thing about this book is tha

thank you so much for being -- i've got to pass this on to our emcee shaman walton and is now the district 11 resident as well. shaman. [applause] >> good morning, everybody. i'm going to try this again. good morning, everybody. thank you. it's a privilege and honor to be here to moderate this great discussion. i have the privilege of living in district 11 and working in district 10. so these priorities are important to me. and as a leader of the community, i'm going to be very objective today. so i need you all to stay focused on the task at hand so we can have a great and productive conversation while we're here this morning. can everybody do that? all right. so a couple of housekeeping things. when we get to the open mike part and i'm going to stay urn my two minutes during my conversation as well. just to be a good model for what we want to see in the conversation. but when we get so the open mike part of the conversation, we're going to allow for two minutes. whatever you would like to say, you need to keep it into two minutes and be mindful of the times so that everybody will have an

walton said that you better figure out what you're going to do, young man, so as a manufacture's rep i was very, very -- i did very well and i sold that business and i decided after looking around and returning at a young age, early 40s they better get into the pawn business that it's obvious that it will be a growth business. my question, though, i was going to add a second shop and it would take $66,000 in fees and soil environment fees and planting, plotting fees. it made me want to throw up, so i decided i'll just keep my 4 million and forget hiring many more people and have to go on and enjoy my life and just take more vacations, and i just don't think that they talk about all of this stuff piled on to business on the local level because obviously there's so much more than meets the eye and i don't think they ran a business currently. so thank you so much for your time. >> before you hang up. quick question for you. the economy has been tough in the last couple of years. has business increased significantly? >> it's increased tremendously. our worst year now has been 25% and you

it was captain kyle walton basically knew, and it was walton's plan. tactically, he knew that it was concerning. he took his concerns to his commander. his commanders, it was really important to do this mission. he helped finance his men by this operation. in fact, they later found out who the fbi and cia. they finance his whole campaign. going back, captain kyle knew that the plan was flawed technically. even though they knew that that was flawed, there was incredible danger, they would have to climb to get to this compound, surrounded by -- this broken terrain -- they still weren't and they still went to carry out this mission and i think kevin, you described what happened once they landed. >> they take off from a base on the border and they find to this valley. there is some concern about the plan. there is a certain window that they have that they could get in and out before the cloud cover treatment they had to work quickly as well. if you can imagine landing in a helicopter and the plan was to land, but there was so much ice in the crime was so u

you got the walton family of walmart alone owning more wealth than the bottom 30% of americans. that's one trend. rich are getting richer. everybody else is getting poorer. now with the citizens united decision, what the supreme court said to all of these billionaires, go for it. you're tired of buying coal companies and gambling casinos. you know what you can buy now? you can buy the united states government. so if you are the koch brothers and you're worth $50 billion, you're sheldon adelson, you're worth $20 billion plus, why would you hesitate one minute to spend $1 billion, $2 billion. that's pretty good. you could own the government, various states, county commissioners, you could own governors. pretty good deal. so that's where we're heading right now. now, immediately, what we have got to do is we have got to do everything we can to overturn this disastrous citizens united decision. some of us have brought forth constitutional amendments, short-term, and i think within the next couple weeks, we're going to bring legislation to the floor of the senate called the disclose

this figure on page 8 of your book when you say considered the walton family, the six heirs to the walmartire, and wealth of $69.7 billion which is equivalent to the wealth of the entire bottom 30% of u.s. society. >> it is a comment both on how well off the top are and how poor the bottom are. it is really emblematic of the divide that has gotten much worse in our society. one of the point i tried to make in the book is none of this is inevitable. it is not just market forces. the united states is the country in the world with the highest level of inequality and it is getting worse. >> the highest level? >> of the advanced industrial countries. what is even more disturbing is we have become the country with the least equality of opportunity of all the advanced industrial countries. we think of ourselves as the land of opportunity, the american dream. there are examples we know of where people have made it -- immigrants and other people have made it to the top. but what really matters are the numbers, the chances. what are your chances if he had the misfortune of being born to a poor famil