your capacity, if you will, in north america. it is getting tighter and tighter and right now it's not a problem, but you look over the next couple years, people are going to start asking that question more frequently. back to you. >> thanks, phil. they're definitely focused on what the stock and not just ford but general motors and toyota have also outperformed. a gentleman by the name of paul tweets to you guys, he's been long ford for a long time. buy more on the earnings or bail? >> i have been buying the entire way out and now i'm start to trim off some of it. the options that everybody were coming after over the last month and a half, two months, they were coming after the 15s, then the 16s, and up to the 17s but that's kind of where it stopped. when you look at it today, we had september 16 call buying, today it's $1.50. >> we have been talking about buying the autos for a while. look at the dealership, sonic, carmax, those types of names doing well. >> what does not think it's time to take some off with ford? pete says ta

david: pete selleck, north american chairman and president of michelin north america. good to he sue. >> thank you. david: america's love affair with coffee could be under threat from a beverage more popular with our cousins on the other side of the pond. it has investors scrambling to keep up with the latest tea trends. >>> what is the hardest working city in america? the results of a new survey may be surprising. could your neighborhood be one of them? results in a moment. ♪ david: move over a little coffee, tea, may become the big profit brewer. starbucks posted better-than-expected earnings this quarter after acquiring tea company, teavana. others are taking notice. former allscripts fund acquired argue go tea. jeff flock talking with them about the new tea venture. jeff? >> it's our latest opening for argue go. a arrgh! go. -- argo. he is on cutting-edge of a lot of trends. you think this is the new coffee? >> tea is the new thing happening, fastest growing beverage in the united states today and across the world. >> look at coffee stocks, they have done well. s

during the ice ages, condors soared over most of north america. big birds need big food and this one ate carrion - lots of it - things like mastodon and mammoth. the extinction of these creatures sent condors into decline. by the 19th century they were only found here in california. habitat loss, shooting, the loss of elk and large marine mammals and finally lead poisoning from deer killed by hunters-brought them to extinction in the wild. in 1987 the last wild condors were captured and brought into captivity-then, the world's population was only 26 birds! many thought the program would fail. here the ventana wildlife society has worked to ensure the success of the program. they track the birds' daily movements, locate nests, transfer eggs from the wild to captive breeding programs and now condors have begun nesting on their own in redwoods - an event that hasn't occurred in over 100 years! if they eat lead shot they need to be captured and treated and we're just beginning to learn about their behavior in the wild. the hope is that someday in the

from around north america and around the world. let me show you first video from just moments ago here on first street in livermore. a parade of little leaguers not just kids from pleasanton and it's the next several up, intermediate. livermore tonight they're primed and ready to become the center of the little league universe for a week. >> one of the things of the town. >> are we talking like hundreds of small boys? >> well, 10 teams of them and not so small, either. these little leaguers are wide eyed teenagers. >> never good enough to play from other countries. just awesome. >> it's a thu level for a 13-year-old. the intermediates on a slightly bigger diamond. >> they're regal. >> some as far as japan, livermore hopes to make this an yearly event. it does have facilities and attitude. >> norman rockwell feel of it. >> and this week, sets center stage for back stories. these kids have played together most of their lives but fell just short of their last shot. >> we're going to try to redum -- redeem ourselves. >> if 13 seems you

don't forget the fois. >> quebec city, one of the oldest european settlements in north america. samuel dechamplain sailed up the st. lawrence and founded the site in 1608. when the fighting started with you know who, quebec city was the french stronghold, until the bitter end. plains of abraham.ll at the the french may have lost that one, but some things french have stayed firm, unbowed, resiliently unchanged by trends or history. the continental is the kind of place about which i am unreservedly sentimental. >> when i was younger, i ate here with my grandparents and my parents, yes. >> this opened in 1956. >> classic, unironic cuisine, meaning dishes you haven't seen since -- like forever. a hipster-free zone of french continental ocean liner classics, such as -- caesar salad tossed fresh to order, tableside and beef tartar, also prepared tableside, as one must. shrimp cocktail. not a deconstructed shrimp cocktail, a shrimp cocktail, the way jesus wants you to eat them, all served by a dedicated professional. >> in culinary school we were taught this. real customers is your fin

from around north america and around the world. let me show you first video from just moments ago here on first street in livermore. a parade of little leaguers not just kids from pleasanton and it's the next several up, intermediate. livermore tonight they're primed and ready to become the center of the little league universe for a week. >> one of the things of the town. >> are we talking like hundreds of small boys? >> well, 10 teams of them and not so small, either. these little leaguers are wide eyed teenagers. >> never good enough to play from other countries. just awesome. >> it's a thu level for a 13-year-old. the intermediates on a slightly bigger diamond. >> they're regal. >> some as far as japan, livermore hopes to make this an yearly event. it does have facilities and attitude. >> norman rockwell feel of it. >> and this week, sets center stage for back stories. these kids have played together most of their lives but fell just short of their last shot. >> we're going to try to redum -- redeem ourselves. >> if 13 seems you

we're not satisfied being the only city in north america that earns that title. we want other cities to earn that as well because that will up the competition, and we like competition in this area. we also passed a business tax exclusion for clean tech firms in our city. we've taken advantage of our position as being in the center for business and innovation to become a hub for international clean tech firm. our historic strength and our city has been in finance, and, so, solar firm are moving here to san francisco to be close to their financial partners and to major utilities and government agencies such as pacific gas and electric, our san francisco public utilities commission, our california public utilities commission as well as the environmental protection agencies. we are now home to more than 35 solar companies and five of the top 10 solar module manufacturers in the world have their offices here in san francisco. we're home to energy major developers and installers, including sun run, sun edison, teetion energy, basse electric, [speaker not understood]. s

one of the oldest european settlements in north america. samuel dechanplain sailed up the saint lurns and founded the site in 1608. when the fighting started with you know who quebec city was the french stronghold until the bitter end when the french fell at the plains of abraham. the french may have lost that one but some things french have stayed firm, unbowed, resiliently unchanged by trends or history. the continental is the kind of place about which i am unreservedly sentimental. >> when i was younger i ate here with my grandparents and parents. >> the best restaurant in town. >> classic. unironic cuisine, meaning dishes you haven't seen since, like, forever. fresh, continental, ocean liner classics such as -- ceasar salad, tossed fresh to order. table side. and beef char char also prepared table side as one must. shrimp cocktail. a shrimp cocktail the way jesus wants you to eat them. all served by a dedicated professional. >> in culinary school we were taught this. real customers is your final class. we'd have to do the fruits, table

butterflies, and the bison intrigued me because it was the largest land animal in north america and it was brought to the edge of extinction by our foolishness, and i wanted to see if i could help bring it back, and when i started 30 years ago, started collecting and breeding bison, there were 30,000 bison in north america, which was all that there were in the world. and now there are 500,000. 10 times as many, more than ten times as many. [applause] >> and of 500,000, 55,000 are on our ranches. so we have 10% of all the bison in the world, and 10% of all the prairie dogs. >> as beautiful as they are, anybody who has the sliders earlier knows how good they are. tell us about your relationship you. have known ted for a long time. tell us how that started and then the last stand, how the book came about. >> the book took seven years to write, so our conversation goes back more than 20. and i was on an assignment for a new york magazine, and ted had recently arrived in montana in cowboy country and hat booted all the cattle off and raised a -- jaynes on -- a disturbances on am radio and t

we're not satisfied being the only city in north america that earns that title. we want other cities to earn that as well because that will up the competition, and we like competition in this area. we also passed a business tax exclusion for clean tech firms in our city. we've taken advantage ou

how will they grow that market share in north america? they're looking other areas they can grow their business in like footwear, like asia, like men's. you know that is their approach in the face of may be what may be sluggish top line. david: by the way my 20-year-old daughter got a summer job at abercrombie. i was a little hesitant because i see how some of them dress. she is doing the non-showing part of it so i'm okay with that. but you think they're doing great, right? >> their top line trends are sort of sluggish but how do they control operations. abercrombie has been historically bad 59 managing expenses. david: they're getting better, aren't they? >> they're getting focused and trying to lock down areas of opportunity. focusing margin expansion instead of just the top line is i hate to end with a november negative. a couple have to be pointed out. coles you think are tough time ahead? >> moderate is tough space. you're going to mass channel or off price channel or increasing the online channel for more value, more brands and mor

america. hi julie. before we talk about this beautiful t34, i'd like to ask you, but you're one of the first people that was one of the ladies to operate in the cockpit of a commercial aircraft. tell us a bit about how that happened. >> back in the mid '70s nobody really wanted to break that mold and hire their first woman. and, even though i was very qualified, i'd been flying at that time more than nine years, had over 3,000 hours, two jet type ratings, nobody wanted to hire their first woman for their airlines. so i finally was hired in 1976. >> so now you go and you spend nine years getting qualified to operate a commercial aircraft with passengers on it and you get a job doing that, but that's not enough. you decide you wanna do air shows. how did you get into the air show business? >> well, before i became an airplane pilot i actually flew t34s in the navy as a civilian flight instructor. and so i did that for a year and a half on a contract with the us navy in t34s and then right after

well the problem for the middle classes in the rich countries of north america europe and japan is that they've been on a thirty year slide and there is no end in sight to that process it's mostly having to do with the shift of capitalism from the high profit centers in those parts of the world to the so-called emerging parts of the world now where wages are cheaper and cost of production are less and so the profits are higher the problem is that in the transition over the last thirty years of capitalism from the old to the new are not enormous amount of hype was accompanying that process in other words the new middle classes in brazil and turkey and russia and china and india were told that they were going to have a glorious perpetual future where wealth will be accumulated and on and on and on capitalism cannot deliver that to the middle classes in the new area areas and they are slowly discovering it and the crisis has made it worse so now they feel betrayed by promises that capitalists made on behalf of what was happening but they can't deliver mark so there's no happy ending here i

to this - one of the hottest and driest places in north america - all in only about 70 linear miles from the coast. so a large part of it has to do with topographical diversity, topography. that's just really the ups and the downs. and here in san diego county we can go from sea level here at the coast to over 6,500 feet up at the tops of the mountains, back down to sea level, even below, on the other side near the salton sea. well when you go up in elevation, temperature goes down and humidity goes up. that explains why we have such lush forests on the peaks of the mountains here. when you go over the other side, all of a sudden you are met with an extreme and abrupt change to desert, and that's because of where we set, right here on the western edge of a continent, at a very special latitude. another huge chunk of this whole problem with biodiversity has to do with that, the interplay between the land, the latitude, and this huge chunk of blue out here - the pacific. >>♪music. >>between 30 and 35 degrees latitude is a region of intense dryness. the reason is that the sun, which shine

well the problem for the middle classes in the rich countries of north america europe and japan is that they've been on a thirty year slide and there is no end in sight to that process it's mostly having to do with the shift of capitalism from the high profit centers in those parts of the world to the so-called emerging parts of the world now where wages are cheaper and cost of production are less and so the profits are higher the problem is that in the transition over the last thirty years of capitalism from the old to the new are not enormous amount of how deep was accompanying that process in other words the new middle classes in brazil and turkey and russia and china and india were told that they were going to have a glorious perpetual future where wealth will be accumulated and on and on and on capitalism cannot deliver that to the middle classes in the new area areas and they are slowly discovering it and the crisis has made it worse so now they feel betrayed by promises that capitalists made on behalf of what was happening but they can't deliver mark so there's no happy ending he

well the problem for the middle classes in the rich countries of north america europe and japan is that they've been on a thirty year slide and there is no end in sight to that process it's mostly having to do with the shift of capitalism from the high profit older centers in those parts of the world to the so-called emerging parts of the world now where wages are cheaper and cost of production are less and so the profits are higher the problem is that in the transition over the last thirty years of capitalism from the old to the new are not an enormous amount of hype was accompanying that process in other words the new middle classes in brazil and turkey and russia and china and india were told that they were going to have a glorious perpetual future where wealth will be accumulated and on and on and on capitalism cannot deliver that to the middle classes in the new area areas and they are slowly discovering it and the crisis has made it worse so now they feel betrayed by promises that capitalists made on behalf of what was happening but they can't deliver mark. so there is no happy en

we're not satisfied being the only city in north america that earns that title. we want other cities to earn that as

it's also the largest terminal in north america. we are looking at pictures of the schematic of the airport and on the left you are looking at the crash scene. that is the flight 214 which was supposed to land safely at runway 28 "l". something went wrong at the very final moments of the landing according to robert mark who we just spoke to. a commercial pilot who has flown into sfo himself. we also had our own jon scott and licensed pilot calling about who or what, if the computer would be in control at that point in the landing or if in fact the pilots are in control. both are saying at that point, it's usually the pilot that is landed by hand. according to weather reports, the weather conditions there were pretty perfect. >> rick: it is on the bay. san francisco is known for a lot of wind and that could have very well played a role. it's too early to say. zwron was talking about a phenomena called microbursts where sudden airflow changing cause a lot of problems for a pilot who is trying to land at san francisco international or

in north america, they did better than expected in north america, and then you also have what happened in europe. they have cut their losses in europe down to $100 million in q 2. it was $100 million they lost last year. this is improvement, and i like where they're headed, but can they sustain this? this is the engine behind the company right now. they earned $2 billion in north america in the second quarter, and you're looking at the strength in pricing and the strength in trucks. similar to what we saw with ford, not quite as much strength in gm in terms of pricing compared to ford, but generally overall that's what wall street likes. take a look at this, though. this is an interesting thing. look at the earnings beat. gm, ford, borig warner. yet the stocks have pulled back a bit. some are saying, look at the s&p manufacturing index. 30 times better than the s&p overall. so you might want to take a little money off the table. >> i'm glad you mentioned the prici pricing, because the new chevy impala got a rave review from consumer reports. the first time in 20 years, 20 years, an ame

nuclear power will grow very strongly in places like china and russia and even in north america. or the u.s.. the eia forecast we will have a few more nuclear power plants in the year 2014 than we have today and more power coming from existing facilities as well so the combination of the fuel plants plus a better power coming from existing plants will offset the refineries. >> host: we have tweets coming and showing that plastic is a whale it is on every piece of fruit that we buy at the store and another said the most patriotic thing people could do would recycle to decrease energy use to bring your own back to shop. >> good morning into hunting here in the mountain san turkey hunting once you cross over the ridges you can see the wind turbines in the distance but about two-thirds way of the ridges we have friends that had to build the berm around their house to give the windows and the doors on their house there is an energy source there. and back in 1980 we have a graduation party in the woods that we would use a generator and over the years i have thought about this what abou

since mayor lee it's a great to be here today to mark the beginning of our first promise in north america. we're excited to be working with this company. and proud to be part of a economic project san francisco and the bay area is perfect place because it's all about diversity about innovation of the community. all our values they for almost thirty years. is the president for the organization process providing a mile people from northern areas for every year. the construction title will have phase up people will ask for a better communities and civil societies. it's to learn some art of our zone and to learn for different things. for much more it is special and economical context. not just from the great - from our local communities. we're also here with international past. they start more of them there's a hundred of them every year. all can be great opportunities for international interests in chinese organization. we looking for to get into partnership and hopefully, this experience will begin to share they'll help us build a better communities for china and for people. thanks (clappin

most of these big, we have focused 90% of our activity in north america. when warren buffett said in 2008 i'm making a 10-year bet on america i said he is the world's smartest guy, i will make a 10 year bet on america, so that's what we did. everybody went to bra sir, russia, india, china, being in america was a better bet to make. all mergers are difficult. merging cultures is exceedingly difficecially in a service business. keep in mind, this is a business whose as assets go up and down the elevator. this is not gillette or proctor & gamble, whose assets don't care who own them. the service business, sensitivity about culture is most critical. that's where we concentrate. david: miles, mdc partners. great to have you. will, wonderful. >> thank you. liz: let us know if sir mortgage taken sorrell calls you. >>> some biggest names in the fast-food industry in a fight that could determine how much money the restaurant chains will make or how high or low the stocks will go. david: massive $3.7 trillion muni bond market is still reallying from the largest bank

america on strong pickup truck sales. also growing in asia. that is one of the issues that was talked about. an area that relies a little too much on one industry. >> absolutely. countries that are doing well in terms of gdp are diversified because they can rebound. everybody has heard of tesla, the new electric car manufacturer. it is being produced, not in detroit, which was the booming auto city in the beginning of the 20th century. tesla is made in california. at the beginning of the 20th century, detroit was the kind of silicon valley of cars. somehow, detroit is a victim of its own efficiency. ford, gm, chrysler are efficient. efficiency in scale, the small, vibrant, entrepreneurial spirit is dying because they cannot -- >> the new upstarts, who will be the big layers of tomorrow, or elsewhere. -- the big big players of tomorrow, or elsewhere. >> and industry needs innovation. when it is mature and you have too many large big players invading his space. -- invading the space. electric car innovation, the big three h

then we have coca-cola, they blame a slow economy and it says it sold less in north america. i don't know whether that's good news or bad for north america, but the stock is down in the early going. >> coke is a dow stock so that's dragging the dow down a little bit. here is another dow stock, johnson & johnson raised its outlook for the the year and i'm guessing that the stock is up, nicole? >> new high. 91.31. a new high for johnson & johnson, strong sales of prescription drugs and the medical devices that set off the anemic growth of the consumer products, but it's the drugs, the drugs and the medical devices that saved the day. >> oh, it's the drugs and the medical devices, well said, nicole, nice inflection of the voice there. and the names, i want to bring in market watcher shah gilani. i want to bring in yahoo! this is the one year anniversary of mar marissa mayer at the helm. it's up 70%. do you like it? >> i think it's fairly fully priced and maybe high at 24 because they had the alibaba component. if that goes public. there have been rumors overnight that goldman an

than north america. schlumberger is the biggest internationally and deepwater and places like middle east which are on fire at this point. ashley: jason, let's get to some your picks. you like chevron. why chevron? >> well, chevron is one of the few companies in the very large integrated space that actually has good visibility on production growth and we actually think that chevron can grow four 1/2 to five peers a year out through 2020. that visibility and level of growth is really unmatched throughout the sector and you get paid 3 1/2% through a dividend in the meantime while they're growing. we think that is a pretty good combination. ashley: jason has small exposure right now to the shale game. is it cheaper for these companies to buy smaller companies already in it or do they go ahead and put in infrastructure for themselves? >> that's a really good question. i think in the u.s. you really have to buy because most of the properties have already been leased up by these smaller companies. i think chev

america. pause plause [ applause ] >> from at&t, home from the world champion san francisco giants to the building, to the new exporatorium, and new cruise ship terminal to pier 39 and all of the restaurant and businesss in between, we are all proud to wish you, the port of san francisco a happy, 150th anniversary. today, project such as the new warriors arena establish the port as a world class destination, due for large part to the vision of mayor ed lee and monique moyer and as well as the dedication of the port commissioners and staff. it is now my pleasure to introduce honorable ed lee, mayor of san francisco. [ applause ] >> good morning, everybody. happy birthday. i just want to make sure that you know that if you combine the ages of myself, or president chiu, and monique moyer we might get to 150 years, maybe. but i'm down here to have fun, today, get out of city hall, go to bubba gumps and make sure that i spend it with other people who love to have fun like our port commission and he

. >>> in north america, distijtive features across the u.s. we are going to see some changes as we go into the independence day. northeast coast including new york city and washington, d.c., will see some dry weather on your thursday. so that's good news. but heavy rain and thunderstorms will continue across the southeast. even tornadoes cannot be ruled out for the next several hours. but across the west, quite warm. heat is still hanging on across the southwest. 40 degrees in sacramento. meanwhile, towards the northwest, we'll see nice relief from the hot weather. 23 for you in vancouver. and 23 as well in seattle. meanwhile, chicago 27 degrees. it was only 20 degrees for the high on wednesday. so a big jump up. finally in europe, a series of low pressure systems are moving in. we have a strong system moving across the british isles. some isolated -- excuse me, thundershowers, gusty winds and even hail are likely. the previous storm is now affecting central europe with widespread rain and strong winds. conditions will be particularly severe i

north america the main story is going to be the heat dome covering the eastern 1/3 of the u.s. temperatures going up to the mid 30s in places like boston, chicago and new york city. dangerously hot there. with the high humidity feels more like 38 degrees or higher. watch out for that. and quite cool and wet across the southern plains. mostly dry for the west and temperatures are quite mild in the north. 26 degrees for vancouver. 27 in seattle. finally in europe mostly no cloud cover across the continent and the british isles. temperatures we'll show the figures in a moment. we are seeing afternoon thunder showers. and as you can see over 30 degrees in some places. 35 degrees in madrid. 30 for london and paris as well as vienna on your wednesday. that's it for me now. here is your extended forecast around the globe. >>> that's all for this edition of "newsline." i'm catherine kobayashi in tokyo. thanks for joining us.