later this afternoon in the "cnn newsroom," was he a victim? we're talking manti te'o, the notre dame linebacker who he says he was the victim of a girlfriend hoax. is it a case of he said, he said? and is it possible to stop using cash completely? the answer is yes, and we'll show you how. plus, keeping in the super bowl spirit. we'll take a look at some of the best football films ever made and a goat named moose. but next, bill gates says u.s. immigration policy does not make sense. find out what america's richest man means from immigration reform. "your money" starts right now. more jobs in january, a bull run on wall street and a rebound in housing, all that should signal economic recovery is on the way. but with washington dysfunction standing in the way, is that a safe bet for you and your money? i'm christine romans and this is "your money." ali velshi is off this week.

the economy looks like it's ready to take off, 157,000 new jobs added in january. the unemployment rate rising slightly to 7.9% from 7.8%. there's room for improvement. but it continues a trend. now 28 months strong. a trend of more jobs added every month. stocks are soaring with the s&p 500 a good example of what americans are holding in their 401st and i.r.a.s crossing the 1,500 threshold since 2008. and housing that helped fuel that recession, it looks like it's making a comeback. 2012 was the best year in real estate for five years. home prices jumped 5.5% year over year in november. that's the biggest in six years. with interest rates on six-year lows, you can get 3.5% on a 30-year fixed mortgage. home price should continue to go up. it's not all positive. gross domestic product shrank for the first time in three years coming down ever so

slightly by 0.1% in the fourth quarter of 2012. with stocks and housing looking up, why should gdp come down? blame it on washington. showdowns on capitol hill over fiscal cliffs, taxes, spending, budgets, issues hugely important to economic certainty but may have pushed businesses and government to hold back on their spending until the dust settles in washington. the only problem with that is that the dust may never set until the nation's capital. if the white house spent nearly as much time trying to actually fix the economy as it did claiming it was fixed and then finding excuses and scapegoats when it's premature pronoun pronouncements turned out to be false, i suspect the economy would actually be doing better than it is today. a key member of that white house economic team, professor of economics at the university of chicago booth school of business. austin, you were chairman of the pet's council on economic advisers. in fairness, this white house spends a lot of time blaming

republicans for economic problems. is it too much politics and not enough policy? we did have an election. >> you know, i thought that was kind of a weird cheap shot to come from the minority leader. i think the difference between being recovered and being in recovery is pretty different. and that is we're growing at a modest pace. we should be growing faster, but we're about the fastest growth of the advanced world. but we still have a long way to go before we're back to where we were prebubble days and prerecession. i think the jobs numbers, they were okay, and they were about what was expected. we saw over the last year we've added a little more than 2 million jobs. that's a decent year. but we got to get the growth rate up above 2% to see something superior to that. >> and that's been a consistent message from you and the white house. you talk about comparing wit the

rest of the advanced world, you've got unemployment in the euro area at 11.7%, a part of the world where they are tightening belts and cutting budgets. i want to bring in the chief political analyst at potomac research group in washington. no surprise harry reid has quite a different take from the republican mitch mcconnell on an economy that's supposed knob in recovery just shrank for the first time since the recession. listen. >> the moral of the fourth quarter is a repudiation of the republican playbook. growth went down in the fourth quarter because of reduced government spending. and a reticence of the private sector as congress fought over the fiscal cliff. >> was that gdp number a repudiation of the republican playbook? >> maybe a little bit. but let me tell you, christine, i think the clouds are starring to lift in this city. maybe they can be embarrass pd. the period between christmas and new year's was so humiliating,

they look sod pathetic that i think this playbook of seeking confrontation has been abandoned. we are not going to have a debt ceiling default crisis. we're not going you have to a government shutdown. yeah, we'll probably have sequester for a few months. but i think these great epic struggles that worried the markets are starting to fade as a strategic policy. >> do you think we veal the sequester? do you think it happens, greg? >> for a while, yeah. i think on march 1 we begin at least on defense and discretionary spending. if there's enough sidewalking maybe by late spring, early sum eshg it gets undone. we'll have that. there's still some headwinds. there's this and the higher payroll tax. maybe first-half growth would be a little slow but i think the storm is sending us a message that by the second half things could be looking much better. >> this week, austin, we moved closer to the automatic across the board spending cuts, the sequester that president obama promised us would never happen. listen a few months ago. >> first of all, the sequester is not something that i propose,

it's something congress has po pro-posed. it will not happen. >> i don't know, austin. that could be the one election promise the president fails to keep, the sequester a critical part of the fiscal cliff punt that delayed a new year's decision on those cut on march 1st. what is if the sequester happens? >> well, in fairness, i think that cliff was about the that the sequester would not happen on january 1st, because he was saying they would be able to reach some kind of agreement. they reached an agreement to kick the can down the road. >> he said the sequester would not happen. >> well, you took, whatever, a two-second clip out of a speech and press conference which was all about -- >> it was a debate. >> -- the run-up to january 1st. the reality is we know that over the long run we've got to bring the fiscal position more in line, and the debate is about how much will be of cults to

discretiona discretionary, how much on entitlements, how much will be new revenues. that debate will continue and so the biggest problem of the sequester was just that it was going to be sudden, not that the magnitude was a thing that was scary. i actually think something like the sequester is likely. we're going to be in a period of government retrenchment. i don't think there's any way around it. >> what's it going to look look? that debate was sound from the president and his challenger, mitt romney, a foreign policy debate about defense spending cuts in the sequester happening at the beginning of the year. if it's going to happen, just not at the beginning of the year, that what's it going to look like and what's it going to do to the economy? >> i think there are going to be -- we're in a period of retrenchment at the state, local, and federal level. the government is shrinking. the revenues are low. i mean, every pressure is going in that way. i think it probably will not end up looking like this just automatic across the board cuts

but you're likely to have at the least very hard freezes on all forms of spending in nominal dollars so nobody can spend any more than they spent in the last year or even if there were inflation. >> greg? >> well, i would add that ironically the budget deficit is falling, certainly as a percentage of gdp. and we will get next week i think on the tuesday from the congressional budget office new budget figures that show that, in fact, the deficit is dropping and dropping pretty significantly. >> guy, one last question to each of you, quickly. you've been watching the marks so long. we've got near records for stocks. gdp shrank, jobless growth, okay. why is the market so excited about what's happening either corporate profits or the economy, austin? >> you know, that is -- that's a good question. i think a lot of people have been asking it. i think we have been in the context of record corporate profits. and remember the fundamentals of the stock price, if you added up

all the money that the market forecasts that the company will make in the future, that's how much the stock should be worth. so record corporate profits in some sense should have been reflected in higher prices already, and now -- and the only reason they weren't, i think, was because people were afraid washington might blow it up or there might be some worldwide conflagration. as those fears have eased i think the stock market's kind of eased into whether it would have been otherwise already. >> the fed, greg? >> two words, christine -- ben bernanke. >> i knew you would say that. >> he's made it clear the fed will stay extraordinarily accommodative until we're out of the woods and we're not certain about that yet. >> you guys have a great weekend. >> you bet. one bright spot in the recovery the housing. prices, sale, builder confidence rising steadily over the past year. combine that with historically low interest rates, now seems like a perfect time to buy. my next guest says that's a

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it's the single largest investment any of us will make in our lifetime, buying a house. the past several years have been hard on home owners. steady price declines caused in to get out entirely. but the picture has been changing in the last year or so. since january of 2012, prices have gone up more than 6% nationwide according to s&p's k schiller index. i want to bring in robert schiller, yes, the schiller in the k. schiller and also professor of economics at yale university and the author of "finance and the good society" as well as many other great books. he's famous for calling the end of the dotcom bubble and the housing bubble. you can't argue with the numbers over the last year. prices are up. mortgage rates are at historic lows. professor, you're not ready to jump on this whole housing is in

a big roaring recovery band wagon, are you. >> no, because -- i see they're up and they will probably go up -- good chance they'll go up for some time longer. but it's not as clear as people would say. the media seem to be jumping on this as a transformation. >> we haven't had anything good to say in seven years, proef. give me a break. but you can understand why so many people are finally saying my home value is not going down anymore and that psychologically means so much. put it in perspective for me, then. >> we've seen a recovery in housing starts and housing perms, but they're still at near-record low levels. you know, this is an uptick. most of this -- or half of this is seasonal because it occurred during the second half of 2012. the last two months were actually down. nobody seems to notice that. they're up on a seasonally adjusted basis.

the seasonal factor has been getting stronger, and so it's not clear. it does look good. but i'm also looking for longer horizon, which i think people who buy houses are focused on. >> you, sir, are the -- >> it's very hard to predict these things. >> on the one hand, on the other handle economist. we just want to look at that one hand u which is we finally have some green arrows. you've argued it's psychological. people saw what happened in 2008, they're too scared to buy a house after the collapse. do you think the american dream of owning a home as changed in some fundamental way over the past few years? >> it's interesting to consider that. it seems like there has been a change. most new household formations have been rentals. or most new -- the increase in homes has been entirely explained by rentals, not purchases. the home ownership rate has fall

frn 69% to 65.5%. it's not -- the recent studies have not given any economic explanation for that. it shouldn't be going down. mortgage rates are at near record lows. but yet people are pulling out of home ownership. >> we know about half of americans according to another study this week are one financial calamity away from a total financial wipeout. so people don't have the savings, too, to go after -- you know, i'm not actually surprised home ownerships are declining if half americans don't even have three months savings in the bank. can't buy a house or be a home owner in that circumstance. very nice to see you. >> my pleasure. >> coming up, the richest man in america wants washington to fix this. >> i'd love to see him solve illegal immigration, a tougher problem. high-talent immigration has kind of been held hostage to that broader problem.

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i saw something in washington this week that made me do a double take. you know what it was? bipartisanship. that's right. bipartisanship in washington on the issue of immigration reform in this case. eight senators, four from each party, stepped forward to offer a framework for overhauling the u.s. immigration system. >> i don't think i have to remind anyone the last major attempt was over six years ago. now we will again attempt to commit the resources need to secure the border, modernize and streamline our immigration system and create a tough but fair path of citizenship for those here illegally. >> a day later the president threw his full support behind the effort. >> i believe we are finally at a moment where comprehensive immigration reform is within our

grasp. but i promise you this -- the closer we get, the more emotional this debate is going to become. >> the president's run at immigration is an issue that inflames passions and has huge ramifications for the u.s. economy. that's why the richest man in america has something to say on this subject. this week i sat down with bill gates. he says america is throwing a y awayal edmonton by kicking educated immigrants who create jobs for the rest of us out of the country. >> the united states has benefitted from the fact that capable people, whether you call that smart or whatever world you use, have wanted to come to the united states, whether it's south america, asia, europe, we have been a magnet for talent. and that's partly why, with higher defense budget, medical budget, why we can continue to be such an example. it's part of why our universities are so strong. and yet our immigration system makes it very hard for those people to come in.

so somebody's being offered a job here for over $100,000, there's other jobs created around that job. you don't want to discourage a company from having to put that job -- >> do we discourage them? >> absolutely. >> how? >> you could be a student at uc, berkeley, foreign born, get this wonderful subsidized education, microsoft offers you a job for over $100,000 a year, and we have to stay if the country will keep you. and most those students are told they can't stay, get out of the united states. >> they take the education and start a company somewhere else. >> they have to. they have to go to canada or india or somewhere else. no other country does it that way. and most of the immigration proposals do look at those students and say, yes, let's keep them here. >> you see consensus on that, then, you think. >> yes, although, you know, the broad issue of how do we make

sure in these technology areas where we're so short that we both invest domestically in improving education while we allow these to come in. it will be interesting how this shapes up. >> we have to grow talent. >> it's more promising now than it has been. microsoft even made a proposal, which may or may not be adopted, but the fee for these visas be increased and that go back into science and math education. so it's great to see this problem the u.s. has, getting onto the front burner, we may see progress here because on both sides of the aisle people are saying some of the right things. the numbers here are not anywhere comparable to the illegal immigration. and i'd love to see it solve illegal immigration, a tougher problem. the high-talent immigration has kind of been held hostage to that broader problem.

>> you think they'll fix both? >> the ideal is to fix both. if you could fix neither you'd at least want to go in and fix the high-skills thing. but for the fist time in many years, i see a real prospect that they'll actually fix both. >> if they fix either the talent part of it or the whole immigration problem, is it something that unleashes finally some job growth in the american economy? >> it will be helpful. it means we're taking this advantage that we have and not throwing it away. >> check out more with bill gates on this week's "fareed zakaria: gps." that airs every weekend sunday at 10:00 a.m., 1:00 p.m. eastern. new name, new operating system, new phone, but will it be enough to save blackberry?

blackberry has suffered through network outages, falling stock prices, and stiff competition from apple's iphone and android devices. now the company is looking for a turnaround. this week it announced that the company will change its name from research in motion to

blackberry. it also debuted the new blackberry ten operating system and announced new phone models running it. but is that enough to save this company? ali velshi got his hands on a new blackberry phone. he's been test-driving it for a week. >> there's no buttons on the blackberry zed ten. >> reporter: it may not be news to you but it's big news for blackberry users, many of whom won't know what to make of the z-10. research in motion is counting on this totally virtual phone to allow it to live to fight another day. after a yearlong delay and years of neglecting the onslaught by apple and android-based phones, rim finally unveiled its new blackberry 10 mobile operating system and the first phone to run it. >> we needed to deliver the quality people expected, right call, and frankly the noise and the holiday season would have left us to launch earlier but we have a lot of attention as we can see and it was the right call. >> as a longtime blackberry user

and hardtke board lover i've been evaluating the phone in real-word conditions. being new to the virtual keyboard world my e-mail output has been cut in half as i got used to it. but the company says it is easier to use than its competitors. the piece deresistance is that it grabs words from your device and words from your contacts and predicts in a customized way what you're likely to type, allowing you to compose entire sentences just by flicking the words appearing on the keyboard up toward the screen. all of it can be done with one hand. for those users for whom a virtual keyboard is a nonstarter, you'll have to wait until april far mod well a hardtke board. built on a brand-new operating system, not a single line of code is copied from blackberry's existing platform. battery life isn't great, but unlike iphone and android phones

you can still change a dead blackberry battery. a corporate blackberry with strict company rules but also carry a separate phone for your personal use, the blackberry 10 uses balance, which basically allows the device to be strictly split so that the corporate side of it can adhere to the company's rules, say, no photos or personal e-mail, while on the other side of the split personality you can do all of your personal business. >> these are secure. the information in them is secure. i can't take anything out of the work space into my personal side. similarly, when i'm on the person side as an end user, i can remain confident that none of the tweets that i'm sending, the pictures i'm sharing are things that my employer could have access to. so it's really and truly a dual persona device. >> reporter: the two sides of the device never cross each other. keep in mind, though, your company has to authorize and enable this feature. research in motion's ultrasecure, ultraefficient back office systems allowed them to dominate the corporate world. increasingly, though, companies are letting people choose what

device they use. back in 2009, 20% of all smartphones globally were blackberries. today, just 6%. the stock is down more than 80% in five years. can the question is whether this phone can change all of that p who are you trying to steal from, i phone or android users? >> i'm not stealing. i'm winning. >> who are you trying to win? >> we're not excluding anyone from what the future blackberry experience will be so we want to win as many as we can. >> mobile customers in the u.s. can expect to see new blackberry 10 models at phone retailers by the end of march. up next, boom or bubble? stocks hovering near all-time highs, but is this market for real?

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the dow just finished its best january since 1994. and the individual investor finally getting in the game sinking $16 billion into mutual funds in the fist three weeks of the year after yanking $150 billion out last year. it's human nature. you need convincing before you invest. maybe you feel em bodened by ben bernanke and the federal reserve pumping hundreds of billions of dollar into the industry. something spoofed in this likened to athletes taking performance-enhancing drugs. >> yes or no, did you ever utilize risky stim lanlts to boost your central banking performance? >> yes. >> was one of those financial steroids mbs or mortgage-backed securities? >> yes. >> yes or no -- artificially low interest rates? >> yes. >> or an unnaturally long time with a commitment to continue

them indefinitely? >> it goes on like that and it's kind of clever. you may feel like the economy is healthier than the most recent gdp report indicated showing the first shrinking of the u.s. economy since the recession, or maybe you're just looking for ways to put your money to work and stocks look cheap. fear and greed index. we're in the extreme greed node modano right now. did you miss your opportunity? let's bring in a couple people who put money to work on behalf of investors. ryan mack the president of optimum capital management. lee munson is the founder and chief investment officer of portfolio llc. lee, let me start with you. your clients want yield wp are stocks the only place to get real returns? >> yeah, i do think that they are. i think that you still are going to always have to have a balanced portfolio. what we have to think about is stop asking these wrong questions about where are we going to get yield from, where are we going to get this juice that people want. it's always a great time to have a balanced risk managed

portfolio and i don't think you can have yield be the prime driver. you have to look at absolute return but you always have to step back. why are we investing in stocks or investing in bonds? it has to fit your own personal situation. until we do that, i don't think anybody should be really investing in anything. get a financial plan and it will dictate exactly what kind of assets, what kind of things you should have in that. then you don't have to worry about timing the market or, you know -- we can enjoy silly things with peter schiff. >> right. and that is all for your enjoyment. not making an editorial statement at all on that commentary. but, lee, i keep saying rebalance. if you're asking should i be in stocks right now, my answer would be when is the last time you rebalanced? take advantage of gains when you get them and make sure you have the right asset allocation, something that ryan talks about a lot. ryan, there's also this perception that stocks undervalued given other periods when stocks were nearing highs. what do you think is different about this time around? >> well, i think this time, you know, i think the appreciation of the market definitely has a lot with what the fed is doing and putting $85 billion a month

into the economy. and now we're seeing the housing market starting to level out. we're starting to see the deleveraging of banks. finally starting to lend against. we're starting to see small signs of improvement. i think of this economy like michael jordan when he came back from retirement the fist time. you know, he won three championships and he was great and everybody is used to him being the best player. when he came back, he was a little rusty and they weren't used to him not being as good as he was before. we're going to take some time at a 2% gdp growth economy and be like that for a while. i couldn't agree with lee more. look at your overall picture and see what your financial goals are to see if it's right for you to step into it. >> after this week everybody is talking about stocks. a question for both of you. look at this graphic we've made. this is showing the stages of a bull market. this bull market is nearly four years old. that's long in the tooth for an old bull. but old bulls can still run.

if we're in the exuberance phase of stocks here, are we about to repeat history and trigger another comment like this one? speaking of, you know, i guess you could call him the michael jordan of monetary policy. alan greenspan, 1996. >> how do we know when irrational exuberance has unduly escalated asset values? >> rye want, weigh in. >> absolutely. hoo-in the fist three weeks, a lot of money came back from retail investors so people saying they're coming back. this is only the first three weeks. will it sustain for the long run? i don't think it could be sustainable for the long run. we've got $11 trillion sitting in cash and getting zero percent interest rate in money market accounts. folks still have money on the sidelines and we have skepticism how long this will continue. i'm telling folks, look, if we have $10,000 in credit card debt, this is not your time to get into the economy. if you have -- >> in the storm. >> if you have a financial goal of buying a house or starting a

business in the next year, this is not your time to use the stock market as a gamble. >> that's a really good point. who should be in stocks and how you should be weighted and what your individual goals are, what lee was talking about and who shouldn't be looking at stocks at record highs saying now is my time to get in. >> right now we have to look at what your individual goals are again. what you said. the credit right now, we have two americas out here, you know, individuals out here are not investing in the stock market, they don't care about $14,000 on the dow because they're worried about check to check, living day to day, and have yet to start a portfolio. we have to understand midld america is still struggling, still trying to move forward, and asset appreciation does not equal economic growth. we have to understand there's a difference between the two. until we start seeing that one to $1.5 trillion of capital come off the sidelines for businesses we won't see true economic growth and an upside to the gdp. overall it's great we're seeing a stronger economy in terms of a

stronger stock market but i'd rather see the stronger economy behind it. >> lee, your thoughts for the year. where are we going for the year, the economy and the market? >> well, i think we're going to see an all-time high this year. i'll be bold. i think we could see 1575 on the s&p. but talking about these ideas about the two america, the psychology of the market, about, you know, the pond rance of cynicism about this, i think people have to remember one thing -- if you've got money out there a year from now that you'll need for an alaskan cruise and you need to keep that cash there, don't make the mistake of cashing out your entire portfolio just because you're worried about a crash. have some sort of way of accounting for something that you need next year versus totally cashing out. i see that happen with retired baby boomers all the time. the market goes higher, i think interest rates go no place and if you dope have a plan like telling people this is the perfect time to vender to a financial plan. you've got it in, the fundamentals and uncle ben pumping billions into the

system. there's never been a better time to get your act together. >> uncle ben. not an ice cream. it's the fed chief. lee munson, ryan mack, nice to see both of you today. we just talked about whether to put your money in this market. what happens when the market and your morals conflict? pension funds and other big vost are coming under increasing pressure to divest their gun holings even as a run on guns boos firearm companies' profits and sales. truth is theraflu doesn't treat your cough. what? [ male announcer ] alka-seltzer plus severe cold and flu fights your worst flu symptoms, plus that cough. [ sighs ] thanks!... [ male announcer ] you're welcome. that's the cold truth! [ sighs ] thanks!... [ male announcer ] you're welcome. we are gathered here today to celebrate the union of tim and laura. it's amazing how appreciative ople are when you tell them they could save a lot of money on their car insurance by switching to geico...they may even make you their best man. may i have the rings please? ah, helzberg diamonds. nice choice, mate. ...and now in the presence of these guests

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gun and ammunition sales have skyrocketed since the sandy hook tragedy. walmart is limiting ammunition sales to three boxing per day for customer. background purchases is best way to check sales. they've exploded. eight of the ten days with the highest number of background checks since 1998 have occurred since the shooting in newtown. the gun business is booming even as public pension funds and

other big corporate investors face growing pressure to divest their gun holdings. the question, will it make any difference to gun companies' bottom line? >> reporter: ending apartheid in south africa, putting pressure on the tobacco industry. in the 1990s, big pension funds took a stand. and after the massacre in newtown, some want to do the same with gun violence. >> you think this is as big as apartheid companies and pressure on companies not to deal with south africa and as big as divesting out of tobacco companies? >> i think it will be just as big because people feel this is a threat to their lives now, a threat to their children. >> reporter: in philadelphia, mayor michael nutter released a set of sandy hook principles for gunmakers and retailers like walmart if they want to get pension investment money. rahm emanuel is urging td bank and bank of america to cut their lines of credit to gun companies. in new york, the city's public advocate is pressuring 12 big fund managers to dump their

investments in gun stocks. >> we're telling them you have to get out of these investments and now. look, this is a break point in american history. >> reporter: one of the funds, tiger dwloebl, says it has no position in any gun company and has no intention of owning one. another fund said it will sell freedom group, the maker of the bushmaster rifle used in the newtown shooting. in the days following that massacre, california public schoolteachers learned their pension fund invested in freedom group. >> i was devastated when we realized that we had this investment in our portfolio. >> reporter: this month, the teacher fund announced it would dump any gun and ammunition holdings that are illegal in california. the nra says all of these efforts are, quote, trying to drive stake through the heart of the second amendment by bankrupting gun companies. but will any of this public pressure matter? >> what has happened since the newtown shooting is is gun sales have absolutely exploded. these firearm stocks are probably going to see record sales in earnings over the next few quarters.

>> reporter: rich profit margin, huge sales, shares of smith & wesson are up 8% in the past month, sturm ruger up 17%. but pension funds are big investors, and analysts concede if the pressure continues it could cap share prices. so pressure on share prices yet but a threat to their business? probably not. analysts we talked to says the publicly traded gun companies are rolling in so much cash with profit margins in excess of 20% they don't really require capital from outside investors to stay in business. joining me to talk more about guns and the business of firearms is richard feldman, president of the independent arm owners association. just this idea that the public pension funds want to put pressure on gun manufacturers a la apartheid and smoking, do you think they have any chance? >> well, i can't tell anyone what to do with their own money, but when you see the mayors acting as economic terrorists,

saying that you shouldn't invest in lawful companies, the outcome is going to be insignificant. if the banks were to fall for this kind of economic terrorism, two can play that game. >> why do you think rahm emanuel and mayor nutter are economic terrorists? >> well, by saying that they're not going to allow pension funds or moneys invested in banks that loan money to legitimate businesses here in the united states? two can play that game. there's far more money in those banks owned by gun owners in this country than by controlled by the mayors. it would be very careful if i were those banks in thinking if you're going to fall for that kind of a threat, because many people can play that game. >> they do think that this -- and many of these mayors and pension fund managers and people who are, you know, their responsibility is managing the money for retirees,

public-sector retirees, you know, they say that they think there's going to be more pressure on the gun companies' bottom line, at least there will be regulatory pressure on the companies, even as an investment point of view, put aside the moral question, as an investment point of view, get out of that, get out of the way. you don't agree? >> well, if you're investing to make money, dit take much to see what's going on in the firearm industry at our economy was like firearms, we wouldn't be worried about a debt. >> let's talk about the president's. your for stricter gone laws facing an unconcern future in congress. take a listen what he told univision. >> my suspicion is we're seeing more bipartisan discussion on the immigration issue than on the gun issue. >> so it's not clear that legislation can pass, but you pointed out the gun companies are making a ton of money and you're seeing a run on the guns in stores. what's driving it in. >> american consumers are

putting their money where they're ultimately going to be voting. they're in favor of guns. look at the favorability of the national rifle association. it's in the 50s. the congress is around 10%. i know which way i'd rather be. >> let me tell you this, something that can really hurt gun companies would be lawsuits. if you're a company and you have a product and that product hurts someone, usually you get sued over it, but this industry is protected by law from most liability claims. what should the gun industry, why, does it have this special kind of immunity that virtually no other industry gets? you were a lobbyist for the industry. you know better than anybody, why is the product of a gunmaker protected when other products aren't? >> guns are capable of great lethality. when they're in the hands of law enforcement or a civilian protecting themselves, we all

applaud it. when those guns are in the hands of a criminal or a deranged individual, it's a horrible tragedy. but the gun manufacturers make a product that is supposed to operate correctly. when it operates correctly in the good guys' hands, that's great. when it's in the wrong hands, it's horrible. our focus in this country must be to zero in on in whose hands are the guns. >> all right. i know you've spoken about that and been at the table with the vice president and others on this debate. we'll talk to you again very, very soon, richard feldman, president of the independent firearm owners association. have a nice weekend. >> up next, tight ends and high rollers aren't the only ones who can cash in on this year's super bowl if you believe in an old market superstition. we'll explain next. sloppy joe . and cheese fold it all up and boom!

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investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. the cost of your super bowl party is going up. last summer's drought cause the price of chicken, beef, dairy, even alcohol to rise. but that won't stop americans from downing 30 million pounds of snack food and more than 1.2 billion chicken wings sunday

night. 1.2 billion wings. in all, an they're expected to spend $12.4 billion on food, decorations and new tvs for the big game. alison kosik follows the money as we get ready for some football. >> we're at beckett's bar and drill this new york city where they're getting ready for the super bowl. it has turned into quite the american holiday. americans will wind up spending more than $12 billion just on game day. and most of that will be spen on food. just on sunday we're expected to eat 30 million pounds of snack food. 158 million avocados, we'll drink 50 million cases of beer and chew on 1.2 billion chicken wings even though the price is up says our wingman. >> there's huge demand and the producers, the major producers are producing less chickens. there is a shortage but it's not like the consumer is going to be without chicken. they're going to pay a lot more for it. >> tell me about pizza.

biggest deliver day of the year. >> absolutely. the consumers can relax. they'll still pay about the same price for pizza. cheese prices are up. definitely the drought laster? is just starting to take effect. the prices are starting to rise dramatically. >> what is about it food in general during the super bowl? >>ing is it has a lot to do with finger foods, pizza, burgers, chicken wings, just about grabbing and eating. >> like animals. >> exactly. well, football and eating like animals. it all goes together. >> niners! >> there's another thing we'll be buying more of, tvs but we'll be getting a bargain. prices fell last year and are expected to fall even more this year. the price of what you'll watch on tv is senator story. $3.8 million for 30 seconds of ad time. >> is there really a way to track the rate of return on those millions of dollars s