so, look, in west texas, the oil and gas industry, they love competition. competition's been talked a lot about during the day. this is the key. how do you, my good friend glenn hubbard when i first came up there, the president always used to say, which was absolutely right. that government what it does is creates the environment for the private sector to do what it does so well. the private sector does what it does so well when you create that competitive environment and glenn hubbard always used to say look, if it makes it usier to compete, it's probably a good idea. if it makes it harder, it's probably not a very good idea. lower taxes mean it's easier to compete. higher taxes means it's harder to compete. >> that's a great point. i think that's lost in this edition of the marcellus natural gas boom in north dakota, that the groundwork was really laid by these independent drillers who were responding to tax environment that was let them take risks. bud, you want to jump in on this energy. >> i wanted to make an important observe vague. we shouldn't get t

take a look at west texas, yesterday. the hottest april day ever. we never have been this hot in the month of april in amarillo, abilene, lubbock, childress. 104 yesterday in lubbock. incredible heat for this time of year. it wasn't widespread, it was right over here, the area in west central texas, san antonio at 94 wasn't exactly chilly. that is where we're dealing with some of the heat. more clouds spilling that way so keep temperatures down a little bit today compared to yesterday. the storm system kicking down through illinois and indiana that is sparking off showers and thunderstorms overnight in the early morning hours. that is probably the worst of it this morning, no problems in the middle of the country. northeast looks good, so does the southeast, the ohio valley through the mid-atlantic, three complex of thunderstorms, one that is exiting fort wayne heading for the greater columbus area. a lot of lightning strikes with that. a good line of storms head down through southern portions of west virginia, even severe thunderstorms with strong

so look, in west texas in the oil and gas industry, they love competition. competition's been talked a lot about during the day. it is the key. how do you -- my good friend glen hubbard -- the president used to say government creates the environment for the private sector to do what it does so well. and the private sector does what it does so well when you create that competitive environment and glen hubbard auls used to salwa if it makes it easier to compete, it's probably a good idea. if it makes it harder to compete, it probably not a good idea. >> that's a great point. i think what's lost in this discussion, the marcelis boom, the bakken reserve, the ground move was this drillers responding to a tax environment that let them take risk. bud, you want to jump in on this energy -- >> yeah, i wanted to make an important observation. we shouldn't get the impression that the oil and gas industry is particularly favored when it comes to taxes. in fact, last year the oil and gas industry paid $40 billion in taxes. income taxes, royalties, lease payments and the

not the top soil and you can see it's dry up and down the east coast until extremely dry in west texasew mexico and getting dryer in arizona as well. let's look at things as we go through this week. we will start on monday with a ridge trying to pop up in to the great lakes, still chilly. another trough as you can see. we go zonal for much of the week which means fast moving systems west to east, chilly north, warm south. watch the end of the week. this piece of energy as we go farther would suggest a big trugh in the east that would mean more chilly arias the ridge shifts back west. we go zonal and then may go back to the same pattern we have been seeing a lot of lately of that trough in the east. there is the forecasted map for monday. this will move northward and southward most of this week. south of the front it'll be warm, north it'll be on the cool side. this is the coldest air on the map and that's moving east. things will at least moderate a little bit north of that front. you can see areas of showers and thunderstorm as long that front. maybe a few flakes of snow in northern m

the true drought areas, the far southeast, especially west texas. and then from northwestern iowa on up into minnesota. very dry conditions continue in those areas as well. let's check out the maps. we're going to see this cold shot of air coming into the great lakes and northeast as we head into the early part of next week. that trough kind of lingers. and then it brings a warm-up, at least temporarily, for the great lakes and the northern portions of the plains. but a strong trough coming in out west. now, what we hope for is as these troughs progress eastward, they pick up a lot of gulf moisture and we start to get rain out of these systems instead of just dry canadian air. that's what we'll hope for, because it's definitely turning into a fairly active weather pattern with those big troughs showing up on the jet stream. there's the map for monday. you can see an cold front all the way down into southeast georgia. a little area of low pressure in the four corner region. we'll have spotty areas of showers and thunderstorms down toward texas. a col

thunderstorms late today, western nebraska, western kansas, also western portions of oklahoma and west texas. as far as friday, finally beautiful weather will arrive in the mid-atlantic and new england you'll love the sunshine for the weekend. >>> if you're watching us on wvtn, alabama's 13 in birmingham, the impact of greek immigrants on the culture and cuisine, at the beyond barbeque and baklava at vulcan park museum. that is the early event of the day. >>> here is an early look at headlines in entertainment. simon cowell's rating boost may come in the form of britney spears. she is close to inking a deal as a judge on the show for $15 million. that is more than jennifer lopez reportedly makes on "american idol." reports had cowell trying to woo beyonce for $100 million a year. we didn't believe that. >>> madonna's latest album notched biggest album debut of the year, but also just recorded the biggest second week drop for a number one album ever. >>> marc anthony's break-up with jennifer lopez is official. he filed for divorce, he is seeking joint custody of their twins. >>> finally h, th

in 2004, a texas billionaire applied for a license to dump nuclear waste in west texas. the texas water development board maps of where he wants the dump to be showed that his proposed nuclear waste dump stat on top of the ogallala aquifer. this is really important, look how big it is. the ogallala aquifer covers that whole giant part of the country. it spans eight different states in the united states of america. it provides a third of all of the watt they are a is used to irrigate land in the united states of america. want to put a nuclear waste dump on that. that texas billionaire who wanted the dump had given more than a million dollars to texas governor rick perry. rick perry appointed five of the six people on the texas water development board. once that billionaire's dump license came up for review the texas water board took a look at the maps and decided to take another look at their maps and said the aquifer moved. it moved away from the dump, it is not where we thought it was at all. how convenient for the billionaire campaign donor. bloomberg news has a report

again, lexington, cleveland, pittsburgh, right through columbus and another area from oklahoma and west texas and north texas, even a few tornados. not a tornado outbreak but a lot of storms. that's a look at your national forecast. now here ee a look at the weather outside your window. there's that threat of strong storms with gusty winds and hail through the ohio valley including areas like indianapolis. i don't think you have much of a tornado threat in the ohio valley, but those thunderstorms will contain also torrential rains and the possibility of flash flooding. so i think that's to be expected as we head into may. this is the active part of our tornado season and severe weather season. >> we're not supposed to talk to each other unless you bring good weather news. >>> the economy stutters, airfares soar, and do we really need another titanic? your early morning business headlines are straight ahead. >>> plus once again your blockbuster news comes from yoef seas. we'll tell you about that next. >>> rejection, a playoff come back and a performance fit for the record books. you're watchi

yesterday was in the 80s in many spots, even 90s in a few spots in west texas and 90s in areas like northern iowa and southern portions of south dakota. pretty crazy stuff here in the middle of the country. thinks are changing. we're going to watch the middle of the country. that's where all the storms are going to be. it did rain pretty good last night. that storm is heading off the coast. a little cool and windy conditions for you today. so the heat continues, at least through the daylight hours today. we still have a few thunderstorms left over. they were in the ohio valley last night. now they're coming through the mountains and they're trying to make their way toward greensboro, north carolina. you can see some of those showers and storms. we'll watch those across interstate 81. late this morning, that's when you get a severe weather outbreak. a large area has a chance of strong storms including wichita, oklahoma and these areas. those ayas, keep an eye to the sky late this afternoon. damaging winds probably the biggest concern in the middle of the nation. southeast, still dry for you.

west. the french made the mistake of arming comanche enemies. in a funny way texas itself exists because of comanche's. why did texas exist? here's what happened. the mexicans needed to stabilize their northern borders. they owned texas. one way to stabilize the northern border is you settle it. you put people there. the more you settle with the more you stabilize it and if your purpose is to control but that is what you do. there were comanches their buddies not ball redneck from alabama and tennessee, these scotch irish people, guys like davy crockett and those guys had no problem coming in and settling in this land. the grand plan of mexico which backfired on them they wanted independence and after a bump at the alamo they got it. in effect it isn't the only reason texas happened but at least in part a misguided schemes to stop the comanches. pretty good way to tell history to somebody who doesn't know the history of texas. so many other things. the rangers are a product of the comanche. finally the comanches who in the 40 year work in a single line of the fronti

in fact west texas could be near 100 today. and some of that heat is just a little bit is going to inch our way tomorrow so i'm expecting our temperatures to get into the mid 70s but it's going to be a price to pay. we've been watching this northwesterly flow. the big storm for monday is in canada. behind it still bringing in the northwesterly jet stream and you can see the disturbances in minnesota and wisconsin riding through chicago, headed over to areas in southwest michigan. northern indiana. this is all moving toward the mid-atlantic. one disturbance missed us to the south this morning and we've been left in a great position for today but into the nighttime hours you'll notice the clouds increasing from the west. here we are at midnight. watch what happens by tomorrow morning. as the rain moves in, so we could have a wet morning commute. midday even some showers possible, thunder, through about lunchtime especially south and east. west will start to clear out for the middle of the day. enough sun in the afternoon, mid 70s

we did see gold dropping 3%, west texas intermediate crude oil prices also dropping 2%. china markets are back after a public holiday yesterday so we're also going to keep track of how the hang seng and shanghai composite trade and also any china-related japanese stocks as well so quite a lot of focus there across many sectors this morning. ai? >> now, ramin, turning to currencies, the yen looks to have gained amidst all this market turmoil. >> yeah, definitely and having a look at the currency levels, dollar/yen and the euro/yen in times of a little bit of market volatility, the yen has gained and that's really a shift of funds from riskier assets into relative safer assets which the yen tends to be, despite the overall shift of yen weakness that we've seen over the past few months. let's not forget that. but the spanish bond auction also led the euro to sell off a little bit, and we've seen that weaker against the yen as well. but also really coming up and setting up the markets for the jobs data on friday is weekly jobless claims later today in the u.s., so coupled wi

we're seeing that influencing west texas price. bottom line here is that negative here is for energy companies. so all of the exploration and production companies like eog have been trending down in the last couple weeks as brent has been trending down. they trend with oil. that's the downside. the good side is this is great for the overall economy and generally for equities ex-energy. you can see the s&p 500 year-to-date. bottom line, yes, we have worries in spain. but they buy the dips still. not seeing any kind of wholesale selloff for now. >> we'll see. bob, thanks so much. >> so far 2012 has been a good one for stocks. the s&p 500 already up more than 10% this year. and your next guest says he sees at least another 5% gain for the broader market. and even more over three stocks that he loves right now. ceo and cio at rnc judger capital management. joining us now. dan, what is it going to take to get to your s&p 500 target of 1450 to 1475? >> brian, frankly, i think it just takes more of the same. i think what we have to realiz

triple-digit heat, meanwhile, in west texas. hail and gusty winds from eastn iowa to madison, chicago and louisville. milder with a chance o showers here in the northeast. 63 in boston.n new york. 79 in a.atlant 80s from miami t dallas. and omaha. 68 in cho. phoenix gets up to 96. >>> and coming upne , after thk, ae breatory all travelers can appreciate. the single-best seat on the s airplane. >> they probably already know. >>> and helpful news for travelers there. but unease here. the second bird strik this week forces a plane to land. > and lat in "the pulse," the pizza with burgers baked righ >>> welcome back, everybody. a former bp engineer is now facing t first criminal charges stemming from tt gulf oil spill disaster. justice, for ged with allegedly deletining text mess es. itd more oil was spewing into the gulf than the company first ported. he's out on bail. but facing up to 20 years in prison. >>> two, now reports show the lingering effects of the financial isis. home prices fell in february in most cities for a six-str

if they can told texas they will go to west texas and if they can't, they will go to the new mexico territory. if he can't do that, they will go into mexico itself and build their time until they can take the calls back north and secure their independence. this is how completely unable he was to counter the idea of defeat. and breckinridge's goal at the same time and virtually all others including the postmaster general is my favorite cabinet member she's a wonderful guy come and enjoy fighter from west texas, she has a beard like an enormous muskrat hanging from his chin and he wears what is described as the dirtiest cut in the capitol the reason being he chews tobacco constantly and he never quite misses the coat. [laughter] so he must have been a real day at the beach she always wears a top hat and has been dented in the side canted over like this and he's constantly twiddling big sticks. he looks like the country courthouse but he is a deft and skilled and canny politician and he knows how to get what he wants. many of you will notice and some may not. he's the only man in history that ra

body was discovered by a neighbor just before 9:00 this morning behind a house on 4th street next west texas. her name has not been released but police say she was between 18 and 20 years old. investigators are urging anyone with information to come forward. they have no suspects at this time. >>> it is a grim anniversary for brian stowe, giants fan, still recovering one year after he was beaten in the parking lot of dodgers stadium. today hundreds of people showed up in san jose for the annual walk for thought. they are raising awareness and money for traumatic brain injury research. >> we have a number of teams that came out in support of our walk this year. we had at least five of the top fund-raisers throughout the state. >> reporter: and two of the top moneymaking teams are made up of friends and family of brian stowe. the goal of the walk is $50,000, and the group will continue to collect donations through the end of may. >>> researchers at stanford university are calling it a big announcement. they have discovered a key weapon in the fight against cancer. the "san francisco chronicle"

thunderstorms will pop up from kansas to west texas and from eastern oklahoma to louisiana. the southeast will be dry and warm, and the west will be dry with showers along the northwest coast. >>> in sports, well, that didn't take very long. ozzie guillen, the famously loose-tongued new manager of the miami marlins, has already talked himself into trouble with the city's huge cuban community. he's using a marlins off day today to return to miami to apologize after striking a nerve by speaking kindly of cuba's long-time dictator fidel castro. "time" magazine quotes him as saying, quote, i respect fidel castro, you know why. many people have tried to kill fidel castro in the last 60 years, but that expletive is still there, end quote. some miami officials want him fired. >> i feel sad, and in a couple of days something in my stomach, not because of what i did but because i know i hurt a lot of people. >> while that was brewing yesterday, guillen's team was spoiling the phillies home opener. the marlin is seized a long ball including two in the fifth inning while anibal sanchez

thunderstorms are likely from the lower mississippi valley to west texas, which could see damaging winds, hail and isolated tornadoes. a pacific storm will move inland from the northwest coast. showers and thunderstorms are likely from california to the rockies. >>> in sports, the university of arkansas fired popular football coach bobby petrino ten days after a motorcycle accident. exposed his qulent affair with a young female staffer. athletic director jeff long said his behavior harmed the university. he'll lose an $18 million buyout in his contract. petrino, married with four kids, issued an apology through his agent. in his four years at arkansas razorbacks were 34-17. >>> some members of miami's large cuban community wanted ozzie guillen fired as manager of the marlins pore praising cuba's long-time dictator fidel castro in a magazine article. instead the team suspended guillen for five games. the usually combative guillen accepted his punishment meekly. >> i apologize to the people here. outside looking at me. i'm very, very, very sorry about the problem, about what happening. and

triple-digit heat, meanwhile, in west texas. hail and gusty winds from eastern iowa to madison, chicago and louisville. milder with a chance of showers here in the northeast. >>> 67 here in new york. 63 in boston. 79 in atlanta. 80s from miami to dallas. and omaha. 68 in chicago. 72 in the twin cities. phoenix gets up to 96. >>> and coming up next, after the break, a story all travelers can appreciate. experts have decided which is the single-best seat on the airplane. >> they probably already know. >>> and helpful news for travelers there. but unease here. the second bird strike this week forces a plane to land. >>> and later in "the pulse," the pizza with burgers baked right in. h@h@h@h@h@h@h@h@h@h@h@@ >>> welcome back, everybody. a former bp engineer is now facing the first criminal charges stemming from that gulf oil spill disaster. he is now charged with obstructing justice, for allegedly deletining text messages. it said more oil was spewing into the gulf than the company first reported. he's out on bail. but facing up to

afternoon thunderstorms especially west texas and a little bit of wet weather will arrive on easter sunday washington, light rain, scattered storm in texas. middle of the country looks fantastic for easter sunday. i don't think too many will get washed out for easter sunday. i give it an "a." >> you are don't give those out often. >> more like a "c" plus. >> i knew that was coming. it's inevitable. especially on a friday. >>> a new entertainment power couple. >>> plus, 13 years after "american pie" will interest in their reunion knock "the hunger games" off their box office perch. your first look at entertainment is ahead. you're watching "first look." ♪ pop goes the world ♪ it goes something like this ♪ everybody here is a friend of mine ♪ ♪ everybody, tell me, have you heard? ♪ ♪ pop goes the world ♪ pop goes the world [ female announcer ] pop in a whole new kind of clean with new tide pods... a powerful three-in-one detergent that cleans, brightens, and fights stains. pop in. stand out. that's good morning, veggie style. hmmm. for half the calories plus veggie nutrition. could've had a

. >> trip-digit heat in west texas. 78 in billings and 87 in colorado springs. moly 60s from boston to baltimore. >>> willis, this story is for you. perk up. i think you are falling asleep.. they were offering a little more than caffeine at a new coffee joint in davenpiowa. >> it's called hot cups and it's open for billing itself as the only bikie shop in the midwest. now willis is with us there's a theme here from the slogan, come for the coffee, stay for the cups. get it? to the sizes of the drinks. the a cup, the b cup o the c cup. give me a double-d for this shift. >> i'm on the same page. double-d. >> one barista summed up the idea simply as possible. sex sells around there. they need it. plans are in the works to expand possibly to chicago and other midwest cities. i wonder what miss midwest, paulfaris, thinks of that. we need to go to that coffee shop, man. i bet they have milk. >>tay away from the cream. stay away from the cream. that's all i want to say. >> speak for yourself. we'll be right back with more after this. ♪ >> announcer: orld news now" weat

severe weather today across parts of west texas, but that's not going to be bothering us any time soonssure in charge of our weather. we had a breezy day today, the winds will lay down a bit for the overnight hours, but a west and northwesterly wind will be back tomorrow afternoon, as well. so a cold start in the morning. 30s and low 40s under the clear sky. then tomorrow, a very weak cool front, which is moisture-starved, promises a beautiful day tomorrow. but a chance by late tomorrow afternoon, a few spotty showers, primarily west of our area up into the mountains of west virginia, western parts of pennsylvania. i don't think anything around here. another secondary cold front comes back into the picture by monday afternoon, and i think that will be our next chance of seeing some rain drops in and around town. so overnight tonight, for the rest of your saturday evening, clear skies, cooling quickly. breezy at times, but the winds will be laying down. evening temperatures in the 50s. overnight into tomorrow morning, clear and cold. freeze warnings along into the west of the blue ridge

hottest temperature ever in history in west texas yesterday. had it been this warm in april in amarillo, midland, childress. i mean, incredible heat. we're just continuing to blast records away in the midwest this april. the coolest weather, by far, up in the northeast, and it's not even bad. temperature yesterday of 62 in boston and also new york. one area of concern this morning, some strong thunderstorms coming down out of kentucky near bowling green and tompkinsville, heading down interstate 40 in tennessee. that's your little dangerous drive this morning. wait until those storms pass by. winds up to 60 miles per hour with those storms. otherwise, it's a rainy morning around columbus and also west virginia and many areas of virginia, it's a damp start to your day with rain. richmond, looks like the rain's knocking on your door, starting to come down. d.c. looks dry for now, but we will include rain in your forecast during the day today, so bring the umbrella. it looks like new york city northwards to new england, sunny start, chilly start,

. >> we're seeing oil where it needs to be, and it's actually where saudi arabia projected west texas to be, about $100 a barrel over a 12 month period. everything we've seen before that has just been based on notion, based on rumor, based on nothing other than that. $100 a barrel, although that's still too expensive, that seems to be right going forward. >> tom: we did see a little gold buying, but not a big swing up in prices. gold settled up about 1%, $1,661 an ounce. and that's tonight's "market focus." >> susie: the manufacturing sector will be tallying up even more new jobs. michelin north america breaks ground next week on a new tire plant in south carolina. that facility and the expansion of another michelin plant nearby will add 500 new jobs to the state's economy. factories have been adding about 30,000 new jobs a month since the first of the year. as diane eastabrook reports, that's good, but not exactly great. >> reporter: michelin says robust demand for big earth movers used in everything from mining to construction are behind its expansion binge in south carolina. michel

horse across the red river on december 2nd, 1832, he had but one object in mind, and that was to west texas from the mexican republic and append it to the united states. notwithstanding pledges of allegiance to mexico, houston remained an american expansionist, a protege of andrew jackson, and a political operative. while many will find this a remarkably bold assertion, there is abundant documentary evidence to support it. and once one comprehends that houston's predominant aspiration was to add texas to the federal union, such knowledge does much to decode his behavior during the san jacinto campaign four years later. okay. let's look at the evidence. this is a letter, an 1832 letter, from john wharton. and he is writing houston back in the united states. "i gave dr. branch t. archer of virginia a letter of introduction to you. dr. archer has been in texas for upwards of 12 months, is intimately acquainted with matters and things there, and is in the confidence of all their leading men. he is of the opinion that there will be some fighting there next fall." now, this is 1832. and he's sayi

canada they want to see how we're developing those new technologies we're usually interested in the west texas several it's a no title place they would like to see the approach we're taking to develop those there is a lot of pipe all shale oil potential what siberia. already your update is and all things that business. always a pleasure so you know i still to come here and we'll be following the first steps of a new born nation out of south a seven year. old stuff. the .

>> west texas aren't advocating those policies. >> ask them that. >> we should. we should have mark zuckerberg and eric schmidt of google. it is funny that steve jobs in his dying days lectured president obama, but nobody wants to jump in on that one. sfwl i'd like to jump in on a previous question, which is your magical, you know, what's the golden name? i would phrase it differently and go back to something said this morning and back to some history. i think there is broad-based consensus that people would vote for essentially lower rates. for joe peck mann at the brookings institution, he was a die hard democrat, spent his life, a leading tax expert before he died. arguing exactly this. and he lived long enough to see bill bradley make a deal with ronald reagan. in 1986 and we have gone backward since 1986 and jumped up the tax code and i think i mean i know where the optimum rate is and the optimal design is the reagan 1986 tax cut and what the right number s 28 or 30, i think the right number on the top right may have to be a little hire than we were in '86.

. >> triple-digit heat in west texas. 63 in death. 78 in billings and 87 in colorado springs. mostly 60s from boston to baltimore. >>> willis, this story is for you. perk up. i know you're falling asleep. i heard you snoring. they were offering a little more than caffeine at a new coffee joint in davenport, iowa. >> oh, yeah. this will wake you up. it's called hot cups and it's open for business, billing itself as the only bikini coffee shop in the midwest. now willis is with us. there's a theme here from the slogan, come for the coffee, stay for the cups. get it? to the sizes of the drinks. the a cup, the b cup or the c cup. give me a dd for this shift. >> i'm on the same page. dd. dd. one barista summed up the idea as simply as possible. she said, sex sells, and around there, they need it. plans are in the works to expand possibly to chicago and other midwest cities. i wonder what miss midwest, paula faris, thinks of that. we need to go to that coffee shop, man. >> they're getting all riled up. >> i bet they had milk. >> stay away from the cream. stay away from the cream. th

now, of course, they can happen at any part of the state, and if they happen in west texas, in wide open country that it's not as big of a deal, but every once in a while, things line up just right or poorly, as the case may be, in parts of metro areas. so that certainly would happen in this case. >> well, listen, thanks for educating us a little bit, carl, especially on the detection technology, which is encouraging. i want to turn our attention to nbc's gabe gutierrez, who is on the ground at dallas-ft. worth airport. gabe, just roughly, how many people are at that terminal or on that tarmac, and what is the weather? >> well, the weather, as it has been for the past hour or so, is pretty bad. it is no longer hailing, but there is a heavy rainfall right now. passengers are once again being told to stay away from the windows, and there is really no indication on when this airport might reopen. everyone is just kind of waiting for this spell to pass. we do not know, you know, how many flights have been delayed but we can tell you that all flights are being delayed, so no one is coming in

west texas, western plains, below normal for maine, near normal for much of the corn belt as far as temperatures expected to be and below normal for the park northwest. precipitation next week above normal in the area that could uset. much of the corn belt, central and northern mississippi valley, great lakes in to the ohio valley and above normal in the pacific northwest. for corners very dry but below normal expected . the 90 day outlook the southern half expected to be above normal the way it looks to me as we head through the middle of july, near normal, farther north across much of the upper midwest. great lakes, ohio valley and the -- precipitation expected to be above normal fort eastern great lakes, midatlantic and the northeast with near normal for much of the corn belt. far southern portions of texas and louisiana and from nebraska, kansas, on into the western states, probably below normal. john even near normal would probably be good for this area. >> normally these are the high rainfall months, so -- really want to get them open. >> thank you mike. spirit of the heart land. we've tal