and other people bet against home builders or tried to come up with another way to bet against housing.÷wt and there weren't a lot of great ways. there were -- if you bet against, let's say, a home builder, it didn't really work for a long time then even if you were convinced that eventually it would work, there was a lot of consolidation in that industry and maybe the one you bet against would actually end up doing pretty well and there was that danger and a lot of times it hurt people. so there were a lot of ways to get cautious about ways. you could move the mrs. s and the kids out of the house and rent. that's hard. you know, they got friends and, you know, a lot of stuff in the house. it's not easy to do. there weren't many ways to do it and those that were worried and figured these credit default swaps out, it took them a while to be really great trading mechanisms. there's one thesis it took till 2005 and early 2006 for there to be a really great way to bet against housing, bet against subprime mortgages and it was these credit default swaps where they introduced synthetic ones

he was invited over by john paulson after he established this bet. the surgery against the toxic mortgages, tockic mortgages truck. paulson invited him other there. he gets a lot of credit. i think there's the real lesson that paulson invited groups of analyze, many of them were bullish. josh sits across from the experts at paulson and he's -- he's the number one guy in the streets. he knows this stuff better than paulson. paulson was a merger arb for years. he says whenever you are selling i'm going to buy. the guys at paulson were taken back. was he trying to help them because he traded with them, maybe trying to help them out, or trying to fake them out. maybe he was sick of taking other sides because they kept shorting and shorting. he was trying to tell it stop it. fake them out. all they knew in the top guy in the business was warning them. yes, they kept with their trade. that saws to me, paulson gets a lot of credit, goldman sachs was a little late. they realized late '06 and early '07 how dangerous some of the mortgage on their books. they t

their business as a big bet. so you're not going to get, honest, straightforward financial advice from someone who has got an agenda it's not just proprietary trading that causes the problem, it's the individual traders making markets in the securities being behind the transactions that ultimately are done with the customers, with the investors. i don't see any reason why a firm should be doing both. any reason why it needs to be doing both. there should be the schwabs of the world giving right on institutional and individual levels, brokerage operations that have no positions. and then you have things, i don't nokno know what you call hedge funds, but they make the bets, fine. and they don't have any guarantee behind them. they're allowed to fail. the politics is obvious. the interest to society is obvious. if people knew the truth, they would want all of this to happen. and i think largely people sense the truth. up against this are the financial contributions and the political persuasion of goldman sachs and m

even though it wasn't part of the bet, mr. obama also threw in a case of the president's favorite beer. eeeeeeee >>> several rivers in the upper midwest are nearing record flood levels, but will the waters recede before homes and businesses are under water? we will tell you what forecasters are saying. >>> and this -- >> they just bit me all up. >> a swarmf africanized bees attacked this man so bdly he ran out of his clothes. at least he survived. his 70-pound dog was not as lucky. we'll have the story. >>> and check this guy out, no fear of heights here. look closely, he's taking a walk 400 feet in the air with nothing but a 1/2 inch wire under his feet. >>> you are watching hln on this first day of spring. so glad you're with us. i'm susan hendricks. >>> our top story, president obama will head to capitol hill today to make his final case for health care reform. four democratic officials say he plans to talk to the house democratic caucus. and tomorrow, the house is expected to vote on the health care bill the sena

that's the bet against the short-term direction move. when you're selling that other one what you're looking at is this is a level where i no longer need it because i'm comfortable with the fundamental valuation or i don't take the view the stock's going to move materially beyond that. so other than looking for a little bit of premium on the short option, that's basically what you're looking at. >> in terms of time frame, dan, obviously you want to capture earnings in this case. how far does this go? >> i just want to collar up the catalyst. this is not a structure i want to leave on my long stock positions. >> how about that call that you're selling, scott? >> there are a couple issues going on here. first of all, you want to write a call that's far enough away from where the stock is now you that don't automatically get called away. the problem with that is you've got to generate enough premium that you can pay or -- hopefully pay for most of that put spread. so you've got to figure out where you want to do that. the further away you w

that's the bet against the short-term direction move. whur selling that other one what you're looking at is this is a level where i no longer need it because i'm comfortable with the fundamental valuation or i don't take the view the stock's going to move materially beyond that. so other than looking for a little bit of premium on the short option, that's basically what you're looking at. >> in terms of time frame, dan, obviously you want to capture earnings in this case. >> i just want to collar up the catalyst. this is not a structure i want to leave on my long stock positions. >> how about that call that you're selling, scott? >> there are a couple issues going on here. first of all, you want to write a call that's far enough away from where the stock is now you that don't automatically get called away. the problem with that is you've got to generate enough premium that you can pay or -- hopefully pay for most of that put spread. so you've got to figure out where you want to do that. the further away you write it, the less you get to

they make a lot of money betting against the institutions, and essentially betting against the u.s. economy. >> they're complicated heros. they're heros in the sense that if everybody had seen the world as they saw the world, this crisis would never have happened. >> and they wouldn't have gotten rich. >> and they wouldn't have gotten rich. also, in each case, they did sound alarms. they were screaming to high heaven that what was going on was crazy. one of the characters actually goes to the f.c.c. and tries to explain to the f.c.c. that it was a fraudulent, rigged system. in that sense, they were useful citizens of the republic. but it is true, it is a very ferius tale. >> lehrer: syth -- i think what still debates here, what falls through their discovery, and you just said, greed, corruption, vinality, and everybody is sort of gaining in the system. what people are still debating about, is it mass delusion or acting with intent? >> this is a great question. it is a question that they, themselves, never completely resolved. it is part because it is hard to know what lies inside th

. >> goldman sachs went to the casino and placed a bet with aig. and the bet paid off in billions. however, the bet also sunk aig, a fact goldman sachs should have been aware of. it was socially irresponsible. the government steps in to pay off the gambling debt in full. without even starting to negotiate with goldman sachs and saying, look, yeah, they owe you a hundred cents on the dollar, but if we let them go you will get zero. maybe we'll give you 50. that, i can't understand. >> you're a storyteller. there are heroes and villains in every story. there are so many villains. you know, there's dupes and villains, but who are the heroes in the story? some of the people in your book, in a way are heroes because they saw what was going on. >> and shouted about it. >> and profited from it. >> yeah, they made a fortune from it. they're complicated heroes. i do think the protagonist, the people oh i wanted to follow and the people i thought the readerer would want to follow were -- they were oddballs, people outside the system who realized they couldn't do the normal business of invest

the best bets -- have a nice weekend. i am arch campbell, abc 7 entertainment. >>> the levees are fortified, the sandbags stacked. all fargo residents have to do is wait for the red river to crest. it is expected to reach 38 feet on sunday, enough to cause significant damage. ice jams have blocked parts of the mississippi river. in st. paul, they are adding concrete barriers and anticipation of major flooding. >>> it is beautiful around here. >> it is beautiful tomorrow, and it will be attractive sunday. let's look at some of the temperatures on the weatherbug. a delphi 52 -- adelphi 52 degrees. it. 60's, low seventies across most of the area. the district, nationals park, 62. it will not be long before the nationals are playing there. the temperatures on the board, impressive. 73 the official high at reagan national, 44 the morning low. the pollen count was back, and we have moved from winter to spring back quick. this time of year we can't fall back and get a winter pattern, but no sign of that. -- this time of year, we

now is the time to lay a bet. and it's before anybody does. >> kroft: burry figured out that these mortgage-backed securities would become worthless if just a small percentage of the dicey loans went bad, and he wanted to bet against the worst of them. he decided that the best way to do it would be to get wall street to sell him inexpensive insurance contracts on the securities that would pay off big time if they failed. the contracts were called credit default swaps. >> lewis: he conceives that they are going to invent, on wall street, credit default swaps on sub-prime mortgages, essentially, insurance contracts on the bonds before they even do. and he helps... he participates in the creation of this instrument. and michael burry is the first one in. >> kroft: burry assumed a lot of people would figure out what he was up to, but very few did. it took two years for the drama to play out, but the sub-prime mortgage market finally collapsed in 2007, just as he had predicted. so you made a ton of money. >> burry: mad

i should say illegally betting. plus why sarah palin and tea partiers are teaming up to target the town of searchlight, nevada. they are worried. we'll tell you what they are up to. >>> more trouble for the embattled prime minister of italy. the latest corruption allegations ahead. this is msnbc. if you've had a heart attack caused by a completely blocked artery, another heart attack could be lurking, waiting to strike. a heart attack caused by a clot, one that could be fatal. but plavix helps save lives. plavix taken with other heart medicines, goes beyond what other heart medicines do alone, to provide greater protection against heart attack or stroke and even death by helping to keep blood platelets from sticking together and forming clots. ask your doctor about plavix. protection that helps save lives. people with stomach ulcers or other conditions that cause bleeding should not use plavix. taking plavix alone or with some other medicines including aspirin may increase bleeding risk, so tell your doctor when pla

you bet we have common ground. why we have common ground because we do have common ground. >> host: in your book you do talk about the clinton health care proposal '92 to '94 and why they failed. but that seems to be the beginning of a breakdown in bye partisanship because for a while it looked like they could be a bipartisan approach. the clinton years in which there were not great ideological struggles we still have a greater partisanship by the end. >> host: greater partisanship. but we have models of bipartisanship. look at the legislation -- each of these is interesting in their own way but you think of the clinton legislation, bipartisan stuff you had a reduction of capital gains by clinton to say okay, that is the way you like it, the defensive marriage act, welfare reform, nafta.

>> bet big. the numbers will change. they'rng goi to pick a fight no matter what happens. they're always trying to face battles. what i hear is a personal story is fine. but they're looking for someone who has emotional firepower in the chamber who is going to be able to take to the members that are on the other side of the ideological spectrum. it's very important to the president, sonia sotomayor wowed him when she had her personal interview. that's what made the difference. he is looking for someone who it cake the strong case who can stand up to judge alito and judge roberts. chris: it sounds like earl warren. >> i don't think so. i think we're in health care mode. sotomayor got 69 votes. there is a broader middle for supreme court justices than some of the other things that they work on in the senate. i think, even though there is good case to be made they will have fewer votes after this, this is actually -- that sotomayor will be the most unconventional choice that he makes of those he gets. chris: what do you mean by in a? >> he'll come back to the center. he won't

you know which one to bet on in the end. especially when the tortoise is willing to let get in on i its back to race with him. i think this tortoise should be a big winner for the patient person's portfolio. after the break i'll try to make you even more mad money. >> announcer: coming up, news has this tech titan on the run. but are the technicals telling a different story? cramer's going off the charts to find out. and later, natural solution? could this bridge fuel put profits in your pipeline? cramer's going one on one with congressman maurice hinchey to find out what could be in store for this alternative energy. all coming up on "mad money." this is not more benefits at greater cost to your company insurance. this is not how does it fit in my company's budget insurance. this is help protect and care for your employees at no cost to your company insurance. with aflac, your employees pay only for the coverage they want or need. and, the cost to you - nothing at all. if all you know about us is... aflac! ...then you don't

but he says if it falls below $500, all bets are off. so he thinks there will be a bottom here, but if it doesn't hold that level, boom. i don't know, man. that's pretty dire. and guess what? want to see the opposite chart? i want you to take a look at baidu's daily chart. okay? right now baidu's in the same position as google was back when we featured it on the "off the charts" on december 15th. look at these. see all the moving averages looking so good. nice trend lines. really beautiful. they're all going higher with the shorter ones above the longer ones. again, we like that. that's strength. the big difference? baidu is coming out of a three-month consolidation from october to mid-february. all right? so it's been just kind of consolidating. that means it's been churning right here which fitz thinks creates a floor that should allow it to vault higher with the current breakout. fitzpatrick says if baidu closes above 600, the next leg of the rally will actually begin. so, in other words, we've got a takeoff point. remember i showed t

it's fine to bet against stocks when you think they're on a downward trajectory. it's smart to sit on the sidelines when you believe the market's going lower. but it's the height of foolishness to voluntarily opt out of a big move higher you that see coming for no better reason than it's happening in a bear market. the bottom line? i've never seen a rally that caused people who own stocks to lose money. so don't be scared away by the bear market rally canard. jerry in california. jerry. >> caller: yeah. southern california boo-yah to you, jim. >> southland boo-yah back at you. >> caller: hey, i noticed in the stock market recently it seems look sometimes a stock will get a good -- good news and it will get a nice pop and it will go up and then the stock just goes sideways for the rest of the day, it only goes up or down a few cents one way or the other. is this some computerized trading program somewhere? >> well, you know, a lot of it is that a stock may go up and be really bought up by a couple of large institutions that then decide, you know, what we're not goi

a lot of bets were made a, sort of like a pool would allot of beds were made. -- a lot of bets were made, sort of like a pool, all the money did not change hands. >> we had the votes -- all the money did not change hands. >> we had the votes -- although the money did not change hands. i was all lost it at georgetown. -- a law student at georgetown. the dean was in the chair. and he lifted the gavel and brought it down to announce it to the house of representatives that medicare had been adopted -- to announce to the house of representatives that medicare had been adopted. he is here today, john dean. [applause] and he will be our clean up here, but this morning, he came forward in the caucus with the gavel in hand and delivered it to our speaker, the single most responsible person of this night success. speaker nancy pelosi. -- this night's success. she gaveled a continuation of that commitment to insure that all americans -- ensure that all americans have access to affordable, quality health care. tonight or this morning is not for speeches. it is to savor a victory not of a party nor o

and there are people who got rich because they made smart bet but even the people who made the dumb bets got rich. everybody got rich. just being -- having a seat at the table was a license to get rich. so the system is broken. it's pretty clear the society understand happens the system is broken. i think it's even pretty clear that the people in washington understand the system is broken. and so i -- i actually think that reform bill is the beginning of a discussion that could lead to pretty dramatic reform because the politics are so clear. i mean who is going to stand up and say, we want to keep this? i mean, it's crazy. >> if you were to look at the primary offense, which is, risk transfer as a business model. i will hide this hot potato and give it to somebody else. so i've got it. i've taken a bunch of money and new now you've got it and aig. whether it's a repo swap. or reinsurance policy with somebody else, it's all of the same principle, which is, i will hide my risks so that i can take more money. and ultimately the risk was hidden at the u.s. federal -- the federal government.

i bet she smells like rainbows. does she some. >> she smells very good. it took me -- it took me probably i would say two solid weeks of working with her to not just get caught staring at her in a room. for sure. she is a very -- julie bowen is also beautiful as well. >> she's hot too. >> i think we have the modern day marianne and ginger. we really do have the modern day marianne and ginger. >> what does that make ?u. >> i am the skipper. i am in charge of everything. >> who is your little buddy? well, of course you have your little buddy. i read that you base a lot -- now, your character is gay. did you base these man riffles on your mother? >> yeah. in the addition process when i was going in, it was a tricky role to navigate through. i just needed something familiar for the addition. it kind of worked. cutting my physicality and my mom's gestures and demeanor worked. it got me the job. >> well done. >> yeah, well done. she loves it. >> well, does she regret you are not gay? i bet she does. >> no, i think she is happy that h i am not, but there is noth

that's the bet the administration is making. >> that is the bet. that some of the misconception out there will be proven to be false between now and the election. and i think there also... frankly, from just a purely political standpoint it's a difficult road for the democrats which ever path we take. but i think they are that they are betting the myths will be dispelled and it's better to look strong and effective than it is to look weak and ineffectual. i think that's another part of the calculus there. >> rose: what should the president have done from the get-go? should he have delayed health care reform? should he have only done it in part? >> well, having been governor and having been second guessed myself, charlie, i'm reluctant to go there because you never know all the stresses and strains you're operating under unless you're in the room. i would say with the benefit of hind sight first this is a noble effort to try and extend health care coverage to 30 to 35 million people who do not have it. we should live a country where everyone has acc

that's the bet the administration is making. >> that is the bet. that some of the misconception out there will be proven to be false between now and the election. and i think there also... frankly, from just a purely political standpoint it's a difficult road for the democrats which ever path we take. but i think they are that they are betting the myths will be dispelled and it's better to look strong and effective than it is to look we and ineffectual. i think that's another part of the calculus there. >> rose: what should the president have done from the get-go? should he have delayed health care reform? should he have only done it in part? >> well, having been governor and having been second guessed myself, charlie, i'm reluctant to go there because you never know all the stresses and strains you're operating under unless you're in the room. i would say with the benefit of hind sight first this is a noble effort to try and extend health care coverage to 30 to 35 million people who do not have it. we should live a country where everyone has acces

. >> don: i bet you the dumbbells you were using were heavier than yours. >> steve: nope. e.j. singler, 1 for 8 in the first half. inbounds to armstead who tries to cut through. his floater will go. >> don: when the game is open, and armstead has been arguably oregon's most consistent player all year. played the most minutes. started the most games. armstead's at his best making plays in transition. >> don: they're going to have to get after it in the second half. porter with the reach-in as randle went to his left. second foul on tajuan. last night he had 32 points in oregon's overtime victory over washington state last night. >> don: try to limit randle in points. see if porter can jam him. make him a driver. >> steve: josh crittle in the game. his defense pretty strong as he denies oregon. longmire comes up with it. singler has i knocked away. but a foul will be called. >> don: i thioregon is goi omonde wi steal and am. g de juta lo be nees you d it easou k who do ynk you e? i wish i was. dar steak & cheese. it's steak, intensified! ople we'ger thactu huge 30% mar of t adame

we pick three headlines and two traders to give us the bets off of the back of it. from jefferies craig packham, and brent willsee. oracle reported last night, would you be a buyer? >> no, at first i looked at them and looked good, but remember when they bought sun systems? that has given them a hard time on the balance sheet. they are at 9.4, and the debt to equity is 54%. you rewrite off of the tangible assets, and this company will have troubles. i would pick checkpoint with a 4.4 pfp and a tangible book of 4.9 and much better pick than oracle. >> we showed radio shack and slightly ahead of ourselves. craig, would you be a buyer of oracle? >> yeah, we like it. we think that the numbers point to continuing i.t. spending, and they were in the neighborhood of 2% growth rate of software and the numbers came in 5%. there san interesting play away from oracle and that is sap. we think that sets them up well for sap and it reports next month. >> so you favor that above oracle over in germany? >> well, at this point, that is where the bigger opportunity lies. >> okay. le

what are you betting on? >> interesting question, larry. at some level the white house and chris dodd in particular, since as you know, he's retiring from the senate, they just want to get a bill. how do we get republicans and make republicans cooperate or induce a larger number of republicans to cooperate? and so they'll get some pushback from the left if the regulator is made too week in that process, so i would bet that the thing ends up at treasury. that's how ultimately once you get barney frank and the house position reconciled with the senate position, i'm betting that it won't be independent. it won't be stand alone, but it will be within treasury. there's negotiating left to do. >> john har bood, putting his chips on the table. is the legislation that congress is closing in on viable? will it do any good? joining us now janet tavacoli, from tavacoli structured finance. and and the cnbc contributor and plus our own rick santelli. all right. janet, let me go to you. i frankly think this consumer protection thing is a distraction from

i mean these are people who are betting against greece's success. aren't they looking at the data and the history and saying, this is really the way it's been. we don't think... we're not sure you'll be able to turn it around? how can you convince them that they're wrong? >> well, if we can convince major players and very important institutions, whether they are our partners in the european union, whether they are the european central bank, whether they are the international monetary fund, all has said what we're doing in greece is spot on, is right. we're doing the right thing. but what happens with the i.m.f., if somebody goes to the i.m.f., they say, okay, in order you don't have speculation we're going to put money on table. it's like putting a gun on the table saying i may not use it but it's there as a threat. and making sure that there won't be speculation against greece. now greece is not... greece is in the euro zone so we're not asking to go to the imf, although we would have to if the euro zone wasn't there to help us. that's what i've be

the firebirds finished the season 1-18 but don't bet against their coach. you know, when he was at iona he led them to three ncaa tournament appearances. the guy can coach. we wish coach rulen all the best. i'm dave feldman. have a good night. co

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you bet. that's why it's crafted the way it is. some of the cost-cutting goes into effect right away. everyone knows the waste, fraud, abuse in the system. the answer on the other side is do nothing, repeal it. we have to get a handle on costs. for me at least the number one rationale for this bill, i think it's important to cover people, but the most important thing to do is get a handle on the costs that are out of control, that are killing business, killing individuals, and killing our federal deficit. does this do everything in that regard? no. is it the first major step to do it in a very large way? you bet. and in the second ten years when it really bites because you can't do all of this overnight, they predict a trillion dollars in savings, the biggest savings we've ever seen in any federal program. >> let me ask you, senator graham, i think has difficulty hearing. >> i disagree with chuck in case you didn't hear me. >> senator graham, if you can hear us now, what is your response? he s

the two heads of state had a friely bet on the outcome of the us/canada olympic hockey game. canada. and mr. obama threw in a case of the president's favorite beer on the left. >>> check out this daredevil in florida. okay. he walked across a wire. 400 feet in the air. he walked between two 34-story towers in ft. myers. nik wallenda is already in the guinness book of reports, but this is the highest skywalk nick he has ever performed. at the last minute he decided to including his mother. she hasn't performed in years. his next goal is to walk across the grand canyon. i hope notn a high wire. that's freaky. he comes from the wallenda family. >>> a woman crossing the street was hit by an suv and it was caught on tape. here's the video. now, okay, we want to assure you, this woman is okay. ok. as you can see there, she was crossing the street in a crosswalk when she was hit by another woman driving an suv. what the video does not show is the drivereaving the scene of the accident. a police officer saw the accident and stopped to help the woman. >>> i just can't get up. my knee

a venture capital firm that bet a huge bet on palm. now analysts predicting palm goes to zero. >> i'm not sure i can directly answer the question on bono, but what i would say in palm's case, while they are in a difficult situation, the pressures of the iphone and other devices coming after them, that is a very smart intelligent team running palm. the designers are extremely experienced designers. and it's viewed as a great software platform in silicon valley. if you're a company that needs to compete with the iphone, palm could be a good asset. i'm sure there could be a number of large phone manufacturers. >> here's the thing, when you read the analysts' reports that predict palm is going to zero, they make the presumption that nobody's going to buy that platform before then. when do you think that purchase happens? it could happen after the stock goes to zero, right? >> i wouldn't presume to guess on that specifically. we know analysts are always correct. but you know, i simply say, it's viewed as a powerful software that competes wi

what bets should you put in place on monday? joining us now with the trader triple play, bobby heller, holly liss and independent energy trader ramsey balibise. i apologize for that, ramsey. >> that's okay. >> holly, we have had a wild week, two sloppy auctions and fed speak and financial regulation. how do you set yourself up? >> like you said, it is a lot of data. i think right now even though we have had an extreme move particularly at the long end of the curve we saw ten-year levels not seen in probably ten months. you have to be cautious that we probably are at the high end of the yield range. we weren't able to get through 390 without conviction, so the caution is that the yoold level holds and we move back to a level of 365, particularly if the employment data has not come out as strong as people are expecting. >> bobby, what about next week for stocks? we have the employment data but we also have a holiday in the middle of things, volume lightening up, end of quarter. there seems to be a little bit of pressure. >> exactl

you bet. that's why it's crafted the way it is. some of the cost-cutting goes into effect right away. everyone knows the waste, fraud, abuse in the system. the answer on the other side is do nothing, repeal it. we have to get a handle on costs. for me at least the number one rationale for this bill, i think it's important to cover people, but the most important thing to do is get a handle on the costs that are out of control, that are killing business, killing individuals, and killing our federal deficit. does this do everhing in that regard? no. is it the first major step to do it in a very large way? you bet. and in the second ten years when it really bites because you can't do all of this overnight, they predict a trillion dollars in savings, the biggest savings we've ever seen in any federal program. >> let me ask you, senator graham, i think has difficulty hearing. >> i disagree with chuck in case you didn't hear me. >> senator graham, if you can hear us now, what is your response? he sti

more than $200 on a $2 bet in the 8th race at laurel today. >> mary is clapping. she must have had money on her. >> i wish. i wish. >>> stay with us. we'll be right back. we all know someone who's always prepared... to "doctor up" their food so it tastes... just the way they like it. oooh... but there's no doctoring needed with mcdonald's... hmmm... new mcbistro chicken sandwich. juicy grilled or crispy chicken breast -- perfectly seasoned and hooked up... with deluxe toppings plus white cheddar. mmm... but leave the sauce bottles at home, 'cause you've got options like creamy ranch. honey, you're not gonna be needing that. - she's right. - i told you. ♪ ba da ba ba ba >>> tonight, a hit episode of csi new york, followed by eyewitness news at 11:00. and the first round of the ncaa tournament tips off in less than 24 hours. and wjz wants you to try your hand at the bracket challenge. the link is at the top of our home page. >>> finally this evening, the white house goes green for st. patrick district attorney -- st. patrick's day. first lady michelle obama came u

>> you bet. but you got to act fast. >> let's talk about the different airlines and what they're offering. jetblue has got some good deals. >> these are round trip deals between long beach and san francisco, only $58. new york to d.c., this is significant, $78 when the normal shuttle fare could be as highs a$400. and l.a./boston, $238. not bad a deal but you've got to buy it by tonight. >> by tonight? >> but travel through june 16th. >> frontier has some good deals too. >> denver to albuquerque about $78. denver and phoenix or long beach about $9. travel through june 9th. you've got to by it by friday. >> air tran is also in on the action. >> this is a different deal because it's travel through november 16th. >> wow. >> not a bad deal. $88 between atlanta and charlotte. $188 new york and san francisco. that is not nonstop. you'll be stopping in atlanta. $258 between atlanta and los angeles. >> wow. those are really good. >> and i should also tell you that the major airlines, american, united, the

on, what they are betting against. and i will be some time for q&a. i also find in these kind of settings people have an interest in discussing journalism, financial journalism per se. perhaps, wall street journal and what we're focused on, those types of things. so feel free to kind of ask about the book or any of those kinds of questions as well. my book is called "the greatest trade ever." it's about the winners in the whole crisis and just taken a step back him up later little about myself and sort of how i found this project. i'd i've been at "the wall street journal" about 13 years and i've covered different things, third on the street, i pretend and i wrote about hedge funds. and i've always been very interested and fascinated by big trade and strikeouts and big home runs as it were on wall street. i guess it's my -- i'm a sports guy so i like the big strike in home runs so i guess as a writer there's a lot of drama and lessons to be learned from people that make really big decisions and do really well as well a

you bet we have common ground. why we have common ground because we do have common ground. >> host: in your book you do talk about the clinton health care proposal '92 to '94 and why they failed. but that seems to be the beginning of a breakdown in bye partisanship because for a while it looked like they could be a bipartisan approach. the clinton years in which there were not great ideological struggles we still have a greater partisanship by the end. >> host: greater partisanship. but we have models of bipartisanship. look at the legislation -- each of these is interesting in their own way but you think of the clinton legislation, bipartisan stuff you had a reduction of capital gains by clinton to say okay, that is the way you like it, the defensive marriage act, welfare reform, nafta. these were all things that brought people from both sides of the nile. remember jack kemp and i been in power america when president clinton said i want to salute bill bennett, let me get the order but, for the support of nafta. we

they take 20 people and they are betting that maybe somebody gets a really bad case of malaria ridden eye mumps. they are number 16 has the eye mumps. everybody's premium is going to take this guy's eyes out and have 'em washed. that's how it works. if you to take everybody who has eye mumps and cancer and everything else there is no way to make that work. weird, like the casino, everybody wins the house has to close. guarantee the house loses that house goes out of business. own though obama said you shouldn't go to vegas and squander your earnings. they are scan dering our money now -- squandering our money now as a vegas that cannot win. ç >> glenn: sorry we are telling stories about my 5-year-old while waitin

your best bet is to avoid it. that is our only delay. no volume related delays yet. no problems to report on the west side. 12 minutes from 795 to the 95. here is a live view of traffic. we are building in volume. here is a live view. things are running smoothly shaun this portion -- on this portion. let's get the latest on the buses and the trains. >> good morning. a delay of the 57 bus running 10 minutes late. the 21 best is diverting due to construction work. light rail is on time. measures of boy on time in both directions. both trains a looking good as well. novak -- now back to tony pann. >> it is quiet and it will be a beautiful day. let's check with sandra hill is in baltimore. -- sandra who is in baltimore. >> socks fromt the docks. we are behind the museum of industry. this is a non-profit organization. they are celebrating the equinoxes. >> people in annapolis burn their socks every year because you do not wear socks with your boat shoes. we are donating sox to a mission in east baltimore. -- socks to a mission in east baltimore. >> they want to get thousa

what it encourages is placing a big bet. bet red, bet black. if you win uric make a lot of money. if you lose, -- if you win, you make a lot of money. if you lose, you get bailed out. -- brailled out. people are -- bailed out. people are upset by that. we need to reward hard work and success but we're not going to have the taxpayers on the hook for gambling. the final thing is this. we face a question about what business model we want america to follow. do we want a business model where you make money by financial engineering, by having the quickest computer trading program, by lucky bet on a speculation, or do we want a business model where folks make their money by showing up for work, by investing in their community, by hard work for the lock term, by being satisfied -- for the long term, by being satisfied with a steady and sustainable rate of return and profit, which we need in a capitalist economy, and by paying our fair share. that's the question. the populist caucus is strongly united in the view that hard work should be rewarded. that entrepreneurs, job creators, people w

. >> host: if i had to bet on china versus india on who would have the better economy i would bet on india because they're more comfortable with free flow of information just as we have been ever since pamphleteers on colonial streets. >> guest: i agree and interestingly to point out as you were saying earlier the third largest population of muslims in the world, but this is a country that believes in democracy, believes in freedom and development, business development, so it isn't necessarily an obstacle and that point needs to be made. >> host: when i was in india few years ago for any election just watching and the hindu primm minister got defeated by basically a roman catholic woman who stepped aside to have a seat to become president sworn in -- amine primm investor, sworn in by muslim president, and to me that's the type of thing you're going to have to be able to pull off in the 21st century if you are going to be a great country. >> guest: can't imagine that in china, can you? >> host: you can imagine it in the u.s.. >> guest: absolutely. >> host: def religions -- different r

ri ( sighs ) ( music throughout ) hey bets, can i borrow a quarter? sure, still not dry? i'm trying to shrink them. i lost weight and now some clothes are too big. how did you do it? simple stuff. eating right and i switched to whole grain. whole grain... studies show that people who eat more whole grain tend to have a healthier body weight. multigrain cheerios has five whole grains... and 110 calories per lightly sweetened serving. more grains. less you. multigrain cheerios. >> all looks good right now weather wise. some rain is expected this evening. 37 degrees in frederick. 41 degrees at the airport. the gloves are slowly picking up as the head through the day today. the precipitation until after 6:00. the high temperatures 64 degrees. we will check the seven-day forecast in a few moments. >> covering the nation, a california teacher accused of urinating in front of a math class is behind bars this morning. he pleaded not guilty to a charge of creating a public nuisance. the substitute teacher urinated in front of the class monday. he is being held and is ordered to st

you bet. i don't want to see inflation kick up and we have to take the punch bowl away. >> yellen says that she's open to serving as fed vice chairman if asked by the president. the white house said last month that she's a leading candidate to replace done al kahn who is retiring in june. christine. >> nicole, the three-day rio tinto trial in shanghai has come to an end, even though it could take some time before a verdict is released. so far only one of them is pleading guilty to stealing secrets. rio tinto shares gaining 2% in sydn sydney. in london, they are currently up 0.78%. >>> still much more to come. german daimler is in trouble with the u.s. find out why after the break. >>> welcome back to "worldwide exchange." it is 5:23 on the east coast of the united states. you're looking at a dazzling sight of times square, reminding me of the dazzling sight on the stock mblth yesterday as stocks rallied with all three major indexes ending at 18-month high webs following the release of an exist

>> you bet i did. >> really? i did a year at age 25. i quit a job -- well, 24 to 25. it was the best thing ever. i actually think -- as much as i -- part of me says it is disgusting that we are raising perennial children. it is not bad living at home, sc. >> i'm sure it isn't. >> it is not. >> but isn't it creating a generation of george castanzas? sickly, wine knee, velvet sweat suit wearing losers that no one wants to date or employ? that was a question. >> i will answer it. it makes you clever though. >> how so? >> at some point you have to bring a girl home. how do you bring a girl home in your parents' house? i had 7 different avenues of entrance in that house, and i used every one of them. >> there are 7 parts of that i don't believe at all. >> if you want a real answer on how to bring your girls home, when you are 28 you park the car in the driveway and i would set up the sunrisers in case my mother looked out the window. i didn't want her to see me with a prostitute at 3 in the morning in the drive wai. true story, folks. >> i can tell when it is true by your

. >> i bet you agreed with everything cameron was saying, andrea. >> of course. i would love to see another tolerant liberal exposed. at the end of the day, i am wonder figure it should have been james cameron introducing the healthcare with the potty mouth he had. i think james cameron and glen beck should get together and they should have a show like a pay per view thing on fox. >> absolutely. >> make it a series. >> cameron did say -- he said he wants a debate. i have to give him credit. that's the first global warming believer that said i want an actual debate. i like that. i think it would be fantastic. i have to agree with andrea. the real problem is the cursing. what is with this cursing? >> cursing on both sides of the fence, greg, is just something that i frown on, as you know. here is the thing, james cameron and glen beck and yours truly have one important thing in common. we are all valued members of the news corp empire. and let me tell you something, boy, as somebody who has been around the block when it comes to fox news, this is bad medicine. i am