in the united states if you look at the as he says i'm sorry s.e.'s senior executive service i could run wall street with a senior executive service much better than it's being run now they're excellent. you know so it g.s. seven at the post. the office may not have the training and skills but the yes yes sure do so in essence yes you're you're moving into the s.c.s. government it's really a cost plus model that's used by the defense contractors and i think you know i'm sure lockheed martin is sitting around saying why do we need to pay you know goldman sachs this money we're on a cost plus contracts business model so i mean there's no reason not to move them that way now particularly when they have this market share so i just think the banks are in for a major cultural change ok so you know confirm major reorganization of that entire industry ok catherine austin fits right in time thanks so much for being on the cars report thanks max you have a great day all right super nice going to do for this edition of the kaiser report with me max kaiser and s

so on the other hand you look at the whole health care act, and what happens? you have this republican party where they recognize, gosh, a lot of our voters are older, a lot of them have anxiety, so there's this emergent strategy in which you have policy thinkers saying, hey, they're creating a new entitlement, and they're cutting this old entitlement. the message from republican politicians just wound up being, hey, they're cutting this entitlement. and that actually proved very potent, but, again, it's the difference between an emergent and deliberate strategy. republicans in practice are receptive to these things, they recognize these opportunities that arise when we have debates about changing the structure of entitlement programs, etc., but the thing is that they're backed into it. they're not actually going and looking at, well, how do we move to the center on some of these issues, how do we frame things more constructively? they're actually getting to that after you're kind of making these larger policy arguments rather than beforehand, and i think that's

if you look at fisher, this is like looking at the mini series "lie to me". this is called the correlation risk xgt the dollar is going down because of qe. it is 0.96. like you can't sit there with a straight face. that is what is going on. if you are going to trade gold, oil or anything else, you have to know what happened today. for example, there was no spr rumor. there was no fat finger. that is what is driving the commodity markets. >> can we talk about this weird par tu pattern of training? you pull up the chart on say esv. you see the explosion to the upside and then it falls lower. the theory is that they bought into the cloves and then had to dump the thing. >> you have had two incidences in two days. you have had the oil market fall on rumors and when you have two events such as this, what is someone's propensity to step up and trade? my propensity is to say i'm going to stand back and wait. >> is that what you are doing today? >> i'm going to stand aside. >> it is too frightening for me. >> diamond offshore is another example. it trades $150 million

economy peaked at that point and that's not the case and definitely in the entered a recession if you look at the stock market. >> gary b, looking at the stock market, you're famous for that, in fact, we call you the chart man and look at overall trends. what is the stock market telling you about the economy, going up, down, side ways? >> well, if you believe that the stock market is, as you say a leading indicator. you would think that the economy is going up. i am not convinced. i think that the-- the coordination, the correlation between the economy and the stock market is always ten use at best. the things i look at, for the economy and i'll state clearly that i'm squarely in the middle here, i think the economy is at best moving side ways and i think we've been moving side ways, the things that count. look, unemployment. we've talked before, is inching down, but it's still, i think, anyone would admit, it's still at super high levels, it's a lot higher than the obama administration thought it was going to be at this point. and it's a lot higher than anyone was at this point. even the

if you want the ultra risk will you look at the european banks. as philippe laid out, this is not going to be short-term. he expects this to be a long-term problem. >> what he just said, you usually see a sell off in the u.s. equity markets. we haven't seen a sell off as of late. no one believes this type of sell off is even going to last. so you get people buying the dips. you buy the tips until the dips really are dramatic, and we haven't seen a dramatic sell off. we're in the middle of the level. once qe3 was announced, 400 in the s&p. trade to 1474. >> we may not get the dip because we have a better u.s. economy. we have better data points coming out. we have also very low expectations in terms of profits and earnings headed into earnings. remember last quarter the same thing happened and the markets rallied. i am not sure you will get this massive dip especially when the environment is better. >> that's what makes the markets, ladies and gentlemen. >> not cle shea at all, courtney reagan with two tech stocks on the move. >> thank you very much

at any woman start of there's unfair practice and if you look at the economics or or if you look at a household if it's going to be in june it's going to hurt you and your family and your children and their finances but their education their livelihood that i think it's you know not just a small movement to begin with and it's not going to just die out i listen until we see the economic boom back again or we see some stimulus at least in the u.s. or the other western economies i think it's actually going to grow and it's not just any party ok justifying that raise a go go ahead jump in that's the point of the program doesn't that raise a question how is it that this occupy movement that is supposedly so far reaching and so potent and ready to spring back into action has done nothing in a year and we're supposed to sit here and say well it's too early to judge i understand the historical argument for that but the tea party which grew up in a year and a half managed to bring a republican house with the largest majority since the one nine hundred forty s. how is it that one is supposed

i type it into google and it gives you the right spelling. whatever you're looking for. >> doesn't your computer do that any way? >> sometimes it underlines and gives you four options. google is quick, boom, just like that. >> guess where we're going, boom, just like that? >> we're going to -- >> the university of tennessee. >> we can't stop talking about it. >> as you might have heard, we are heading back to college. actually, one of us graduated. the other one -- anyway, next monday we'll be broadcasting live from the university of tennessee in knoxville. >> if you want to be there live, go over to the university. it's first come, first serve. the party starts at 8:00 a.m. >> you know how college students are. they don't get up till 11:00. . they have to get up. you have to show up. the show starts at 10:00. >> we're also going to be hosting a sign contest for your crowds. >> tennessee has a great cheer that sara is going to do for us. hi, sara. we're ready. >> top four reasons. we have four days that we're coming. four day countdown. so four. school pride ut had

>> if you look at this chart we're almost back where we were in the '60s when you look at the poverty rate, 15%. spent on looking farther back, it was at 22%. >> oh, i see. when you look over all, you do see that. i think the thing to keep in mind is although poverty was taking a plus couple of years and now it's flat, what i hear from a lot of people is there still a lot of people in poverty, even though it has a store to gun down from 22 to 15% to 46 million people are so significant number of people got and other thing is the idea of how do we define poverty. this is the official poverty rate for this country. if you're a family of four that's about $23,000 to be considered in poverty. but there's a lot of critics that say if you're a family of four and two of $24,000, you are hurting just as much even though you're not counted as being in poverty. especially if you're in a major metropolitan area, chicago or l.a. and your family poor and you're not making $30,000, you are going to be hurting. so what this official measure does is look at the really worst off but you still a big se

to show you what they look like. on, off. this is a safety box you can't get it open until you turn it off. a couple of screw in fuses. this is a cartridge and screw in fuses. here it says on and off. pull it out stick it upside down and stick it back in. circuit break /-rs this is what most have. you have the meter. that's how pg and e /khrarpblgs us. you have the big main. usually there are 60 or a hundred or 50. the little guys are 20-15-30. if you want to shut off the power you shut off the little guys first than the main. when you throw a switch there is the arch. like water when water flows in an old house any you shut it off quick you get the hammer effect? that's like electricity. is it safe to do it if you smell natural gas? show of hands. >> nobody has their hands up. it's not safe to flicking any switches if you smell natural gas. how about if there is smoke coming out of an outlet. if you shut this off in an area where there is no gas, good idea. >> just about anything can be a hazardous material, cleaners, solvant

when you look at election models that are based on, you know, essentially economic data, gdp, jobs, perme, what is the prediction? >> most would predict a close election. the reason being that they look really only at what's happened over the past year or so. historically, voters have short memories and they care about are things getting better. the jobs numbers have been mixed over the past year. we've had some decent months, some not so good months. they've been ticking up from recessionary to average. and when the -- the economy's average, the incumbent usually wins as a default. you can find models that are published and have obama with a 97% chance of victory and some that have romney with a 90% chance. if you take a consensus of them, average them together, you get obama with a 55% chance of re-election which basically means, basically means a coin flip, a toss-up. the conventional wisdom that obama is doomed because the economy is not reflected in the consensus. >> let's look at the ones that do not just reflect economic data. tell us other factors that seem to be important and o

can look at the data. youerstand based on the market moves and the data ticks why a tern trade happens the way it does. why the hell can't the regularitiors? >> i do not know the answer and i am looking forward to hearing the answer. >> eric, i love your work as you know and i cite it frengtly on our site and yesterday, scott, when the trades were going off i was pinging eric and saying was this a news reader algo, some news i missed, something that could read it in a millisecond reacted to and eric said no, probably not, but as far as, eric, wouldn't you think a speed bump of some sort, like 50 millisecond you have to hold the bid which is forever in high frequency trading world, wouldn't that be at least some step forward that the regulators could take? >> absolutely. i mean, just goes to basic common sense. if you tried to get away with this face-to-face with another human, you would be ostracized. this behavior, human nature says it is wrong. >> eric, appreciate your insight. it is a story that obviously w

when i came in -- craig: you look nice. >> you always look good. you look very youthful.ook great. >> i got married. maybe that's why. craig: clearly the regular sex agrees with you. [laughter] >> the sanctions. craig: yes, the regular sex sanctioned by society and the church of your choice. >> yes. any church. craig: gives you that warm feeling of you're not breaking the law and you're still having fun. [laughter] >> i love this new studio, by the way. i love it. it is spacious. it is gorgeous. craig: you have a lovely view. we didn't lose the view at all. >> no, the view is still in tact. craig: unbelievable. we have the rhino head. lovely pictures. betty white. justin bieber. paul mccartney. paul mccartney. pat sajak. this was his studio. >> i know it was. craig: he had his very famous late night show from this studio. >> first of all, look, i don't know pat sajak personally yet. craig: you probably will. >> i probably will but i'm a huge fan of "wheel of fortune" among other things. craig: like what? >> chocolate. craig: sanctioned sex. >> i'm a huge fan of church-san

. >> we look forward to that event, lots of fun. >> thank you, we look forward to seeing you out there, and now after our video of the month by our incredible jamie hopper, and if i could make a little bit of plug for sf plug tv, visit our website, we probably have an inventory now, maybe 75 videos, three minute videos of what are happening to our parks every day, from skate boarding to kayaking, the most recent video of the week is a tour of the most romantic picnic and wedding sites in our park system and i want to commend jamie and thank sf gov tv for their partnership tell the story of all of the wonderful things happening in our parks and with that introduction, here is your video of the month. (showing video). >> and with that introduction, here is your video of the month. (showing video). (music). [applause]. >> our institutions, our parks is something that we share in, it's a great resource that everyone across san francisco shares in but it's a great resource for families who stay in this city and to have fun in this city, recreation in this city. (music). >> they work real ha

to the republican primary as a whole. >> where are you looking? i am looking at youtube, c- span, with c-span, you can search people's transcripts by words. if i want to find paul ryan when he is talking about medicare or talking about rodney's health- care plan in massachusetts, i will go -- mitt romney's health care plant in massachusetts, i will go back and watch a program that paul ryan was doing in 2010. sometimes, it is just searching by whether things were said in a specific date range or sometimes you are just looking for keywords. >> let's go back to 1995 clip. paul ryan was not even in congress. >> he was a legislative director. >> where did you find this? >> this was in a c-span archive as well. i noticed there were four people named paul ryan in the archives. this is the paul ryan running for congress. nobody would notice it. >> he is a legislative assistant. let's watch this. >> i want to go back to what the woman was saying about medicare. the definition of the cut only in washington is a cot with an increase in spending. only in was

let me show you amazing numbers and graphs that give a sense of it. first of all look07 and what this shows you is the average hourly wage and hourly compensation of productivity. if you notice in that time period your productiveity has increased tremendously, but your compensation and your wages have not. they start to diverge around 1980. that's when all of a sudden your productivity goes somewhere else. it doesn't go in your pocket. that's what people are anger about. where did it go? let's take a look at a second graph. this is corporate profits after tax. remember, they lowered their taxes, they had all the loopholes, hey look at that, after 1980 we can see where the money went. it went to corporate profit. why? they fixed the rule. they bought the politicians they got the subsidies. they did the connie capitalism. all that work productivity that you worked your ass off did not go in your pocket. it went in their pocket. gee, why are people upset. comparing the top 1% versus the rest of us in terms of median wealth okay, as you can see it wasn't great to be with i

on the other hand you look at the affordable care act. what happened? you have this republican party where they recognize a lot of our voters are older. a lot have anxiety. there is this an emerging strategy in which you have thinkers saying they are creating a new entitlement and they are drawing on an old entitlement. the message for many just wound up being "they are cutting this entitlement." it is the difference between an delivered strategy.r i they recognize these opportunities that arise when we have debates. they are backed into it. and they are not actually going and looking at how we move to the center on some of these issues? they are getting to that after a teammate this a larger policy to parliament. this is a huge problem. if you're going to have to make those arguments regardless, you want to do that in a way that seems consistent. if my romney loses in 2015, if you have one from florida or new jersey, you're going to have some. you are talking about dense coastal state in which you are forced. colorado is a state where president obama wa

if you climb on the edges of the rung, the ladder will go this way. look up so you know where you are going and you can see where you're going to climb. walk vertically. don't step off to the side of the ladder. kind of common sense. make sure you read chapter 7 through the . >> this class is managing a disaster. what happens and how do we fit in? emergency operation plan, everything is going to go through the mayor. you have the office of emergency services, everything is supposed to come together over on turk street. that's where the ham radio base station is going to be. that's where they will have a set up. they will be communicating with all the different emergency response districts. that's where we fit in. we're going to fit into this emergency response staging thing into nert staging districts. each response district has its own little (inaudible) then the nert groups are broken up into the corresponding emergency response districts and they are located at our fire department, battalion chief stations, basically there's a battalion chief there, he

if you look at the setup, sitting on 100-day moving average. e name, think froe tight stop. otherwise, stay away. >> a drop for the nfl. you didn't think we were going to got whole show without talking about this, did you? things went from bad to worse during monday night's football. the replacement refs committed their worst faux pas yet as they committed their worst fumble of the game. touchdown or interception? >> intercept eggs. >> nobody seemed to know. >> yes, we do. >> nfl released the statement upholding the call, dr. j. many see it otherwise. >> the only people that saw it otherwise were seattle fans. i didn't have a dog in that hunt. i hate the green bay packers but that was an interception, not a catch. and that should have been called that way, absolutely. this is as bad as the regulators here in our country, michelle, not addressing high-frequency trading. the nfl's getting all kinds of bad press about this. they need to solve this. >> hey, john, how much -- >> now. >> how much are they saving on referee costs versus -- >> 20 millio

so therefore when you look at their conduct, do you assume they do? >> conduct. >> rose: you look at the construct and i have also discussed with them. >> yes. >> rose: and also talked to some of the people that have been in the negotiations. and they may. they may be heading that way. the difficulty for those of us who want to check them and check them based on the fact that they are not cooperating with the atomic agency and they should not have weapons, it. >> if you have nothing to hide and are doing it for peaceful purposes, open up. let the inspectors go ef lee where. show them what you have. but as long as-- . >> rose: why do you think they don't that, if in fact we believe what they say y are they racheting up. >> yeah. >> rose: you know, everything that would be leading to it, if it's only for peaceful purposes. why don't they make agreements if it's only for peaceful purposes. i'm really asking because -- >> what you are saying make senses but on the other hand the attitude is why are we being -- . >> why-- one thing is they signed a treaty,

i'm not going to go too much into details, perhaps you can take a look at them. in addition to just the numerous discrepancies, i would also like to show you some other weigh bills that i found that were somewhat problematic. if you look at these two particular dates here, okay, one is dated may 22, 2009, black and white checker cap in the lowing goe -- logo at the top, it ascertains he drove that shift, if you look at the weigh bills, there's a total of ten fares, the destination, pier 3009 in the amount of 20 dollars, now i'm going to shift over to the other weigh bill, now this one is dated may 15, 2009, again, it's got mr. kipnis' signature, if you look at the fares again, it is exactly written the same way but it is reversed, it reverses and it is exactly the same pattern for every single fare which is ten fare ins that particular weigh bill, these are duplicate fa -- fares, it is the same, that's one of the examples that i would like to show. again, for the record, it's may 22 and may 15th, two separate dates. in my next evidence, i would like to show, there

percent in the last three to four years crude oil higher pricing would cause yen weakening beyond that you look at the yen itself there they run a trade deficit for the first time this year in thirty two years july the biggest trade deficit they've seen for that month and you have crumbling crumbling industrial production numbers as well so it's kind of like a terminal velocity piece the yen can only get so strong before the markets really needs for it to come back the price themselves out of the market otherwise got it thank you so much lindsay hall chief strategist for the r. and b. group and still ahead china markets are up after announcing an infrastructure stimulus plan what is the role of what we're seeing in commodity prices though we'll get some insight from steven levy after the break continuing the commodity discussion but first your closing market numbers. and what drives the world the fear mongering used by politicians who makes decisions to break through that sort of being made who can you trust no one who is you with the global machinery see where are we heading state controlled c

he said, you know the names of every street in the old city and look where it got you.ot going to fool with this now. immediately the death rate went up among israelis and palestinians because there was nothing going on. then he got aggressively involved. condi rice practically lived on an airplane going back and forth to the middle east and new possibilities opened up. they devised a negotiation around this roadmap concept. they didn't make peace, but meanwhile the palestinian government was more stable, they produced more prosperity. when the israelis took action against gaza and hamas, the west bank was calm all because things were happening, and there was an understanding, a level of trust. so i think kicking the can down the road is an error. i also think that with all foreign policy conflicts, i like to say there's -- you've got to decide whether a foreign policy problem is a scab on your knee after you fall down or an abscessed tooth. with the scab you want to let it alone. it will cure itself,if you'll just let it alone. time passing is good. with an abscessed t

>> well, i think you look at the countries that are hot right now, and the problems. rst of all, you go to egypt, and egypt is on another important choke point for global shipping, and that is the suez exanl. they move a lot of goods for that area, and if conflict breaks out, that could have a major impact on the global economy. people can't get goods. that can have an impact. libya, if you wheb with gadhafi went down and the impact began, there was a major spike in global prices especially in europe. libya produces a high quality crude replacing declining north sea progs. when that oil came off the market, prices in europe hit an all-time record high. now, of course, because of what we've learned from that situation in the past, europe is better prepared, and it doesn't hurt the global demand not as strong as it has been in the past. gerri: how critical, then, is libya and egyptian oil to the markets? >> at this point, not very critical. if you look at global supplies, highest level in some time. demand around the globe is low. in the u.s., a 15-year low for oil deman

if you look at the recovery act, if you look at the financial measures, if you look at the housing measures, many of these measures are closely scrutinized, finding that in fact it helped to turn things around. >> patricia, given those facts and given the record, does it mean the public is slowly becoming tired of the trickle down economic theory because it hasn't worked and if that is the case, what does romney have now? i mean, if you can't use business and the economy which was, as you said, his strong suit in what he was leading the president with, what does he have now to run on? >> i think the only number that he really has to run on is people's opinion of the direction of the country and we saw in a lot of polling last week that still 60% of the country thinks that we are going in the wrong direction but you even have to look at those numbers more closely and that number is actually closing for the president. several months ago we saw two-thirds of the country thought we were going in the wrong direction and now people are starting to feel just a little bit better about things and we

>> we, i'll lel you look at what all of the traders are looking at. as you start to look at the markets, what really jumps at you is that ten to two year spanish spread is now even steeper than it has been, and it was the flatness that concerned them. it's been successful. it's the fixed income markets that have counter moved. long and short story is that mario draghi did what was at the right levels and the right anxiety points and the market has been passive and not active. we could see a lot of action tomorrow, and many traders president it will be probably a bit of a disappointment. >> what are we waiting for, rick? what are you looking for out of draghi? what will it take to stabilize these markets from the europe standpoint? >> well, from the stableization, their going to look at things like sterilize. we went down with the twist. we're buying -- >> what does this mean, i'm seeing sterilize all over the headlines, what does it mean? >> it means the effects of the balance sheet on the purchase of securities doesn't expanse it because for everythin

they just said, "you look good, you look younger," and it's just a pleasant experience all the way aroundoked so natural to me, so i went and checked it out, made the phone call, and it really changed my life. >> i don't second-guess going to the store or going to the movies or going to have a drink. i'm confident. i'm comfortable. >> now let's talk about the proven solutions available to you at hair club and the hair club guarantee of satisfaction. what is proven to work? hair club has expertise in three areas: non-surgical hair enhancement, f.d.a.-approved hair therapies, and microscopic follicular unit hair transplants. available only at hair club, the biomatrix strand-by-strand process is known around the world as the gold standard in hair replacement. hair club's groundbreaking technology is the only process available to date that gives you a full, healthy-looking head of hair by adding real human hair to your own hair. biomatrix is not a toupee. it's not a wig. it's a custom-made blend of your own hair with real human hair that is matched to your individual requirements. that includ

if you look at 1/3 of the carriers offer the iphone. you have the ipad mini next month. i believe that samsung news being nerd at the table was something that was going to give us a short term high on the stock. i was wrong. i do think that this is a company that on valuation still looks very interesting. so much good news has been priced in. at some point you get to a place where it is difficult to move the needle. there is still significant smart phone growth coming from asia. that is probably 50% of smart phone sales at this point. >> let me ask you an intell intellectual question. can news be in the stock with a decent valuation? >> people need to approach apple as a value stock versus a growth stock. there is no question this is a growth stock. there is plenty of room for it to go on both sides. it gets to a point where it is a very crowded trade. it is more of a technical call. valuation and growth is giving you both. i think there are a lot of people in the trade waiting for the next level of news. >> i want to get in the weeds. auo, it is a $3 number. it was list

bay and now inland, here is sal. >>> traffic is doing well and we are off to a decent start if you are looking some of these pictures, i will show you traffic is moving well in front of the coliseum and getting to the oakland airport. also this morning, we are looking at the bay bridge, except for one lane here, for the most part, we have a nice drive into the city, le

you do? stop, look, listen and think. any time you pull up to an incident or you see something, you take a breath, assess the situation, use all your senses and think about what you are going to do. those are all components of what we call the size-up. there are many components to size up. what's one of the components to size up? gathering facts. you want to assess the type of damage there is. what kind of situation is it? what is the issue? is it a medical problem? if it's a medical, is it a big hurt or a little hurt? is it a rescue situation and if it's a fire, do you have the resources to control or extinguish that fire? how about your situation, do you have all your people? do you have all the resources that you need? have you collected all the material that you need if you are going to start doing a lifting exercise because someone is trapped? because you never start a rescue, you never start a lifting exercise, never start anything, unless you know you are going to be able to finish it, have enough of the resources t

you saw that comparison in 2010. that's not the way to look at it because back then there was that government tax credit so when you bump that out, first year on year according to to case shiller since 2006 so that's a good sign for the housing market so of course net worth has been dragged down by house prices and house valuations plummeting, but the fact that that could be recovering is a good sign too. liz: you watch politics constantly, do you expect president obama or all the democrats as they lead up to his big speech talk about the stock market? it doesn't seem like it's a topic that they seize upon, and i don't know what the strategy is there, but maybe they should. it's good numbers. rich: i think the last time the president went there or tried to go there he said the private sector is doing okay, and we're still hearing about that from the republicans. i mean, that's the issue. that's the way that, you know, the last time they tried to even talk about this -- democrats don't want to be seen as a party saying everything is okay becaus

you have to look at the individual names. e in construction and heavy industry such as cat, you know, i think they're in real trouble. >> so we got bonus stock picks too. good to see you. see you soon. coming up infighting at the fed could put another round of easing in jeopardy. we'll go inside the battle when halftime report returns. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions because the results... are you having fun doing this? yeah. that's a very nice

if you look at that it makes you wonder is there a free rider effect going on? are they able to spend less on defense because we are spending it for them? we are paying for european missile defense. it protects europe. why isn't europe paying for it? be the legitimate question that as the budget gets tighter people start to ask these questions more and more. the downside is if you try to do something about it, if we said we are not going to provide as much security, doesn't always work out that well. kind of a hedgehog strategy approach where we try to get our allies and partners to build up their defense to do more of their own security. what if they don't and we are still left responsible for it with core interests in the same areas. a tough problem to deal with and both the administrations have to deal with it one way or the other. >> all the way in the back. >> i am editor of the blog -- thank you for the great panel. i want to change topics and touch on the subject peter discussed about the drone's strikes the administration has increased. what do you think

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do you still buy the financials. take a look at bank of america, up 20%. do you still want to own it? i would say yes. but you don't jump in with both feet. >> judge, i think to peter's point about the volumes and where it's gone, we're 40% above average today on the new york stock exchange and the nasdaq. i don't take a look at the dark pools. but i know they're screaming as with el. when you look at the volume surge and the options that pete just addressed at top of the show, the reason you're seeing those volumes surge they're looking for alpha. we said it a mog ago that people were buying puts just under where the markets were. to get that alpha. to get that outperformance. >> scott, the biggest thing here is that there's no coindense that you're see bonds move up. you're starting to see the reallocation tree that we got a preview of over the last couple of months. now it's coming in full force. >> all right, let's -- hold on. let's get another voice in the conversation, bring in michael farr. michael, welcome. >> thank you. >> market going higher? >> t

when you look at this five, ten years ago, a lot of people following the numbers on this are going toook back and say, hey, this was a moment where we saw a train wreck coming and decided to basically continue down the same track. and could have got some significant incremental improvements here, they mangled to keep some of the principal control and some, you know, did get some movement on teacher evaluation, but overall, i think that this is still going to be a situation where the unions are in control here and i think they've proved that. now sha now, the big thing coming down the line is the pension issue for the teachers. >> paul: big, big payments due coming to the state, each year, several hundred million dollars. colin, rahm emanuel might say, you want this perfect, but these things take time. we've got incremental change, that's the way that the system work and foot in the day on teacher evacuations, and what's wrong with that? >> what's wrong with that, paul, the students there now are going to suffer in the interim. if you look at this, you basically have-- this is a civil

let's look right now. i want youo give me your input on these states on a group of other battleground states we haven't looked at as closely. this comes from the nbc news/"wall street journal" marist poll. the president has a slim two-point lead among likely voters in north carolina. now where democrats held their national convention earlier this month, the president won this state in 2008 by less than 1%. mark, let's stop there and go state by state really quickly. north carolina, it wasn't too long ago that mitt romney had a big lead there. that's disappeared. and it's not because of the convention. >> well, i think it might be a little bit because of the convention. obviously there is the national poll as well. >> like i said, mark, it's not. go ahead. >> i'll tell you why i think it might be. the reason why david plouffe and others have been confident about north carolina and why they're in the game is they said they have the best ground game of any state. in 2008 one thing they did in north carolina, a lot of yo

you look like you don't want to get on it. >> you know, my first reaction was, why?iring sure we need this, but anyway, for $230 million we're going to get the biggest ferris wheel in the world. mayor michael bloomberg wants to build it on staten island. it's taller than the current record holder in singapore at 541 feet. it's going to reach higher into the sky, chris, in the high roller wleel planned for las vegas. construction expected to begin in two years' time. so we can hopeful ride it in 2015. it's going to be big in other way. it will carry 1,440 people all at once. >> you and i will get in line. >> we're getting in line, chris. >> but never actually get on. cnbc's mandy drury, have a good business. >>> the drinks business profiled the most popular beer. the biggest beer brands are skol, corona extra at number four, bud an american classic, bud light. all are owned by bush except for the pale ale called snow beer, and it's actually twice as popular as but lied. . ud. . l. i. g. . . [ male announcer ] how do you trade? with scottrader streaming quotes, any way