re >> hi, everyone, and wm to "on the money." reporting from beautiful pebble beach california, far from the snow, cold and noise of wall street. it was a hot and cold week for the markets. where do we go from here and what does the big job reports tell us? and we will talk, mobile, money, and cutting the prices with the ceo of at&t, and mission possible. america's first african-american woman has a new endeavor, why space may not be the new frontier. "on the money" starts now.

>> now, becky quick. >> here's a look at what is making news. a weaker than expected jobs report. 113,000 new jobs were added and that was well below expectation. and unemployment, the lowest rate since 2008, that is because fewer people were looking for jobs. bad weather is lake l l-- is liy a factor for the poor numbers. the major index climbed more than 1%, that was after a severe sell off slammed stocks, the stocks continued to climb on friday, despite the jobs numbers. big media company new and old, reporting numbers. disney beat analysts, as did time warner.

in the first report card since going public, twitter beat expectations but user growth disappointed. after months of speculation, microsoft named a new ceo and if you are looking to buy cigarettes, you will have to go someplace besides cvs, they will stop selling tobacco products. and one day, you may be able to make a coke in your k-cup. coke announced that it's buying 10% of green mountain coffee that also owns keurig brewing systems. a cold keurig will be introduced that will produce cold drinks, including coke products. how worried should we be about emerging markets joining us is diane wonk, and jeff ablin,

thank you both for being with us, diane looking at the jobs report, it was worse than expected, any good news to paint on this or is it bad news all the way around? >> there was a ray of hope in the jobs numbers, we know the report was taken in the mildest month of the week, and part of the increase in construction, as we know anybody anywhere in the month of january, it was not a great month for construction activity, there was a lot of catch up and repairs created by the storm during the week that the survey was taken. the leisure and hospitality sector saw hod rate in gains, and that was because of disruptions of the weather. there was weather imprint on the numbers. >> we have heard weather blamed for january and december's

numbers and as we see in february, we will probably not have great numbers for february. can we just say it's weather related? >> i will say speaking from the epi center of the polar vortex, it has impacted the economy. certainly in my own habits and so forth. you know, people are more inclined to stay home. now, a lot of the jobs numbers are seasonally adjusted. it's always cold in the winter, perhaps construction jobs are not too a abundant anyway. so i will say, that the service sector was probably more affected by weather as companies were closed. you know, it was remarkable to me, that on january 7th the first polar vortex sweep, that

minnesota regioned a temperature lower than on mars. >> if you think it's really weather that has been impaimpac do you not worry about the slow down? >> when you align fundment aals up against the s&p 500, for example, there's a valuation gap, going in to 2014, we were somewhat over valued and i was hopeful that a growing and accelerating economy would allow earnings and revenues to catch up to current expectations, you know, what is happened is, we had somewhat disappointment in the out look, some disappointment in fourth quarter, the stocks have come down, i think that we are, you know, still a little bit above fair value, i would say, you know, we could probably see still further down trend here, yeah, i would use it as an opportunity to buy, rather than some excuse to sell, certainly.

>> okay, diane, let's look beyond our own borders, can't help that the bad news that they have seen in their economies ends up spreading here, what do you think? >> that will be a question for the federal reserve. i don't think that the jobs numbers change the course. the fed is on auto pilot in terms of a taper of asset purchasing. the deficit has been falling, so they have been buying, and they are adding to the economy from their perspective. >> help us figure this out, i'm were expecting the bond yields to go up this year. but so far, the ten-year yields have been under pressure and been down, were you surprised by that? >> yeah, i was. i was surprised as much as appointed in the lack of -- disappointed in the lack of

earnings, it was a natural consequence of moving assets from higher risk to lower risk assets. one of the unintended consequences, i suspect of the easing program is not just pushing money into the treasury market, it dis placed investors in to high yield and in to equity. it's like a combination billiard ball that, you know, that 85 billion, a lot of it ended up in the equity market. so it's a natural kind of compression, ultimately the fair value in the ten year is closer to 350 not 260. >> that brings up the question, where do you tell people to invested, you think stocks are the best value, or should people look around in other places? >> no, i think stocks are the best value overall, when you look through the lens, of you know, i put all asset classes on

a level playing field. international developed trading a a 15% to 20% discount to the u.s. is a better deal right now, especially if you hedge the currencies back to the u.s. dollar. i want to add one point on turkey for an example, i will say that the currency decline that we are seeing ining in th is a market mechanism that will ultimately awllow turkey to recover. >> jack and diane, i cannot have you two on together without thinking of melencamp, wireless providers slashing prices and trying to get your business, at&t ceo next on how you can benefit. and a role model from the space race on science in today's

classrooms. the african-american astronaut talks about inspiring our future explorers, as we go to break, take a look at how stocks ended the week. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and often, that day arrives by train. big day today? even bigger one tomorrow. when csx trains move forward, so does the rest of the economy. csx. how tomorrow moves.

>> it's a surprising number, but 91% of american adults own a cell phone, that means the wireless market is fairly saturate. and in an attempt to get new customers they are looking to reduce prices. i talked to randall stephenson about trends in the market.

>> we have been in the sideways motion in the u.s. slight growth. nothing exciting. i think the markets are are responding, my guess, is more to the fed than anything else right now. >> there was talk in the market that sprint would potentially be buying t-mobile. would that surprise you to see a deal like that be allowed to go throu through? >> yeah, i would be surprised to see if they allowed that to happen. they made a fuss to us when we acquired t-mobile. that they believe that four national competitors is the right number. if you look at that is happening in the marketplace today, you see a really intense competitive environment. we are all competing on price. we are all competing on service. and most importantly, i think is we are all competing on network quality and network capability. >> it is a very competitive area. as you pointed out. at&t is recently announcing price cuts to friends and family members plans.

can you continue to turn a profit on that? i mean, is it getting vicious, is it right to think of it as a serious pricing war? >> i think it been a fascinating evolution in our industry over the last year. the consumer has been given an option, look, in the past, the carriers the telephone companies would heavily subsidize an iphone or an android phone and give it to the customer for very little money. >> how much was the subsidy? >> on average, probably a couple hundred dollars. and then all of of a sudden, when we offered the customer a choice, and said, if you would rather pay more for the hand set, we would give you much lower price point on a recurring basis and the consumer is opting in that equation. pay more for the hand set and pay lower in the ongoing pricing and we have been pleased. >> wireless industry is great when you think of the penetration in the united states. when you start looking for

growth opportunities are there more growth potentials here or do you look at the overseas markets for where you think the hot growth will be. >> yes, a all of the above, right? i think there's still a lot of opportunity here. so, the smartphone era, is beginning to mature. right? i mean, almost everyone has a smartphone. >> i have two. >> you have two now, people are adding tablets. there's a lot of room to run on tablets and we are just now entering the world of the connecting things if you will. connecting devices. and this the a very exciting opportunity as we put these fourth generation networks people are manufacturing wearable devices, devices that are connect wirelessly in the home to the internet. it's a whole different revenue and growth opportunity for us. >> randall, you recently base chairman of the business round table, a group of ceos looking at things around the globe and

trying figure out how things are going. are there issues that came to the forefront? >> when we look at public policy, and issues surrounding public policy, there's one issue, and that is the lack of private sector investment going on in the country right now. when you look at the level of private sector invest, it's at the lowest level since world war ii. and so, we are all about what are those things we need to do to get private sector businesses investing again? because if we are not investing we are not hiring. it's a simple equation. >> let's talk about another big problem that you have personally identified, that is higher education. >> right. >> in this country. you are looking a this and thinking that -- you are looking at this and thinking that businesses need to get actively involved, is that because you are not finding enough qualified candidates coming out of school? >> we have skills that we need

that we are having a hard time finding. so we are going to have to develop those skill sets. we have partnered with georgia tech and a company called udascity, we have offered a master's in computer science, using technology, by the way, technology has not utilized much in the higher education programs right now. that $40,000 degree will cost $6,700. you think of what areas you can begin to use this technology to develop people, give them new skill sets so that companies like at&t can bring them in and put them to productive work. >> my thanks to randall stephenson next up, the first african-american woman in space, we will see what she has to say about science, sandra bullock,er and defyi gravity.

>> for many people, space is the final frontier, my next guest, it's just the beginning. she was the first woman of color to go in to space and today focusing on the career and economic impact of science in the classrooms. thank you for being here today. >> you are very wwelcome. >> you are working with the b

bayer company on the amount of students going into the s.t.e.m. classes. >> we know that over the past ten years, more than that, jobs in the s.t.e.m. fields have been accelerated and they far out pace the percent growth of jobs in other fields. so we also know that in the future, so much of our economy will depend on innovation. all of the new industries and jobs are in jobs that require s.t.e.m. knowledge, whether you have i.t. fields, whether you talk about bio-tech, whether you talk about new materials. all of them require s.t.e.m. backgrounds. and there's another thing, just in our every day lives, regular jobs, people need s.t.e.m. backgrounds. >> what inspired you, with your background to go in to some of the s.t.e.m. work and s.t.e.m. educational things that you did, and what do you think is missing

right now in the classroom? >> i was a little girl, and i was curious, i was nosy. i wanted to do a bit of everything. >> i was nosy too, i wound up a journalist. you took it the right direction. >> what we are looking for is science literacy. what is different in the classrooms whether we do hands on education, we know that hands on education is important. that is, if you are you can thatting about electricity -- if you are talking about a electricity, wire a flashlight. when you talk about what is overall missing, let's go back to somewhere else, really, how do you get effective science literacy. i call it the three es. expectation, expose er and experience. >> you were on the space shuttle endeavor, tell us about the impact that it had and what the mission was. >> we did a lot of experiments,

we worked on something on separating -- it was all about using space and micro gravity as a platform for advancing technology here. and that is one of the things that you know, i'm really concerned about, is the investment that we make as a country in advancing technology. we have to do a lot of basic research, which is also one of the things that we have to bring back around. >> are you concerned about the budget in terms of what we are putting aside for nasa and what we are putting aside in terms of basic research at this point? >> i'm concerned about what we are doing with basic research and what is put aside. these days we get excited about bio tech industry. and we are excited about nano tech and a lot of the n.i.t

stuff. a lot of the research was done in the '60s and '70s and we are living off of it now, we have to do the same kind of investment to live off it in the future. students like challenges. they like things that have not been done before. you want to get kids involved, you have to push for something bolder and bigger. that is how we start to develop the talent pool. >> did you see the george clooney and sandra bullock movie about space? >> yes, i did. >> what did you think? >> it was incredible, it was really beautiful. i thought as a friend of mine said, that it was -- who not is have been classified as science fiction. it was a drama in space. the only problem was it was a lot of fictionalization of the science that did not have to happen. it was fascinating that something about space really sort of captured people so much now. what i would like to say is, is

that something then that helps us to see that it has a relevancy to everyone else, to our world around us, i would have loved to have more discussion about what they were doing there. >> an interesting thing. it did capture our imagination. up coming, what will the coming week impact the markets. and the unique history here at pebble beach when we return.

>> for more on our show and on our guests go the to our website, o the t-- otm.cnbc.com. cisco, kraft, pepsico and discovery will report quarterly earnings, it's the west mminste kennel dog show will be held this week. on wednesday, the treasury budget is due. that trackss the surplus. and the retail sales will be released. finally the pebble beach tournament. 156 pros and 156 amateur golfers come together on three of the

most beautiful golf courses, coowned by hollywood legend, clint eastwood. it dates back to the first clam bake for charity in 1937. the pebble beach tournament has raised more than $110 million for charity since 1937. that is the show for today, i'm becky quick, next week, debate of are it all for women and men. my guest, anne-marie slaughter. each week, keep it here, we are on the money. i will see you next weekend.

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