the sheriffs daughter. next ali velshi and "your money requests. . a few more jobs added in march. and a bull market appears to stall. the economy should be ready for a comeback, but you're not ready to celebrate yet. i'm ali velshi, this is "your money." 88,000 net new jobs were added in march. much fewer than the 268,000 added in february. the unemployment rate did fall slightly to 7.6%, but that just means fewer people were loorking for work in march. regardless, the u.s. is still keeping with its 37-month trend of private sector job growth in this country. christine romans is looking at the numbers. these numbers are disappointing. should we be worried? >> is it a blip or a longer-term reversal?

that's what economists are arguing about. we saw the past three years. you saw strength in the first part of the year and a spring swoon. it's something the fed chief warned about earlier this year. you talk about the unemployment rate dropping. it dropped because look on your screen. 496,000 people dropped out of the labor force. the participation rate now the lowest since 1979. >> let's be kashl about the unemployment rate because it it measures a moving target. it it measures those people participating in the labor force. it's a smaller percentage, that sounds good, but it's measuring a smaller number of people. >> that right there is the participation rate. the people in it. a few bright spots. professional business services added jobs. but we saw losses in retail. what economists are arguing is whether you've seen the expiration of the payroll tax holiday that deny have an effect. maybe it was starting to bite and that could be reflected in the retail jobs.

or maybe there's a reason, sequester talk happening. people are feeling less confident and spending less and that's translating into fewer retail jobs. there's the underemployment rate. 13.8%, slight improvement, still too high. that's the number that people call the real unemployment rate, people who are working part-time and would like to be full-time. the economy technically recover, until you have that number down and more people enjoying it, people aren't going to believe it. >> they aren't going to feel that great if they have the income because the money that would be in the economy is being spent on necessities. joining us to discuss more of this is the chief economist at mirew financial in chicago. and steven moore, economics writer and board member at "the wall street journal" in washington. this is an all-star cast.

the question we have this morning is the one i asked christine. stocks hit record highs in the last month. job hires are slowing down. companies are still flush with cash. the private sector has been adding jobs for 37 months in a row. they need to add more. americans themselves are hesitant to celebrate. the last time that the stock market with these levels, the economy felt good and strong back in october of 2007. it was crumbling, but it felt good. why is this different? >> wall street is doing really well. 2013 has been a record year so far. glad to see it. they are feeling that. . main street not doing so well. and you see this hesitance in terms of spending. that's one of the reasons that retail sales were down. here's the point that i would make about christine's question about, is this just a bump in the road or are we seeing a long-term trend that's

disturbing? i would say the big disturbing trend is this decline in the labor force wasn't just this month. it's been happening for four or five years. if we had had the same labor force participation rate and the same kind of job creation we normally have during a recovery, we'd have 4 million more jobs. every unemployed person in pennsylvania, ohio, indiana and illinois would have a job today. so i still think the labor market is weak, much weaker than it it should be. >> mo homd, jobs are coming back. we've been talking about how many jobs need to be created to keep things going. markets are worried a little bit by this pace of job creation. company valuations, however, are still attractive compared to the last time markets were at these levels. companies are rel tufly cheap. there are many people saying this market could have room to carry on. why are people still skiddish? i get the point that many

americans are not invested in the stock market. why is everybody not feeling this is an opportunity? >> so you have this amazing mix of excitement and anxiety. excite m because the stock market has done well. the 401(k)s have done well. but people have a sense it's artificial. it's artificial because it's not being validated by the economic numbers and the employment numbers speak to that. what it's being validated by is central bank hyperpolicies making people nervous. so people are saying, yeah, it feels good in terms of what's happening to the stock market, but this is maybe artificial because we are yet to see this handoff from central bank pol y policies to genuine growth. >> it's not that anybody thinks the fed can do this forever. they have said so themselves. but the handoff is as if you're

taking a patient off of life support. you don't do it because you expect the person to live. how does ha work? when does the fed back off and the growth doesn't feel artificial? >> that's the important thing. yesterday charley evans addressed that point exactly. if we thought the stock market was going to collapse, we wouldn't back off. we're going to continue. he's one of the doves, but it's the evans rule at this point in time on the federal reserve. he was pointing out this number validates that the fed will continue to add to its balance sheet as long as it it does, it it needs to keep it steady at a high pace. even if it doesn't add at a high level that stis going to don't d to the economy. the vice chairman of the fed no noted that the balance sheet could remain stable for a very long time. and so the fed's clearly looking at this economy the same way that ali is. we are propping it it up, but we

can't pull the plug yet because this situation we're still life support for this economy. i will note that on the composition of jobs numbers, and even in health care is very low-paying wage jobs. the composition is still not the quality. the other issue is that colder than usual spring weather really did hit store sales and retailers. we had record vehicle sales. it it takes more confidence to buy a car. also gardening stores pulled back. there was a cool weather effect. we have the heads winds of sequester ahead of us. >> the car buying thing has to do with the fed's. people who want car loans, americans like to buy cars on borrowed money. you can get those loans that you couldn't get a few years ago. steven, conservatives, i don't know where you stand on this, but there are some conservatives who say just get the fed out of this thing. it's creating false prices. the idea that money is that cheap inflates prices. you don't get a real sense of

what this economy would look like if it were not artificial. but there would be dire consequences if the fed decided to pull out of the economy. don't you think? >> you know, it's a great question. the question that conservatives have, how does the fed put that geneny back in the bottle? we know this lesson from history. it's not so easy to pull back. i agreed exactly with what mohammed said. there's a fundamental anxioety that maybe this economy is built on sand, not stone. and one of the reasons is because of easy money. i would also make the case that this enormous debt. a great nation can't continue to borrow $1 trillion year after year. that's the guy on the street saying that. >> the deficit is narrowing now.

the deficit is narrowing at the moment. much more rapidly than anyone thought. so fiscal drag is certainly an issue. but the deficit is going in the other direction right now, which may be one of the factors contributing to lower interest rates. it's an interesting undercurrent people don't talk about. >> and the debt discussion is so important. i would take a little bit of issue with steven moore. right now is a job. your jobless rate is 0% or 100%. you can argue about the politics of cutting or spending or infrastructure spending, but people more than a conversation about whether you should be in debt or not be in the de, they care about getting a job. >> it's the most important thing they can do. s that fantastic conversation with a fantastic panel. thank you so much. president obama insisted that the forced budget cuts would not happen. he promised to create 12 million jobs in four years. i'm going to ask whether his boss stands by that promise.

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12 million jobs, that's what president obama promised during the campaign. the economy added only 88,000 jobs in march missing expectations by more than 100,000. that's definitely not enough to meet the president's promise. now i was skeptical when the mitt romney campaign and the barack obama campaign said that it could be done. so skeptical that i wagered it wasn't likely. not with economic growth as sluggish as it was during the campaign and may still be. so before the election, i pledged i would wear a dress if 12 million jobs were created over the next four years, just for a week by the way, under any president and whether or not i plan to honor that pledge, i'm constantly reminded of it. i'd like to lose my bet, not because i want to wear a dress, but i do want jobs to be created. you heard me say that presidents get all together too much credit and too much blame for creating jobs, but the president did make a promise. so let's see how it's going.

it's got to go over many, many months, but we're two months into president obama's second term. the economy should have added 500,000 jobs. the economy has added 356,000 jobs in february and march leaving a shortfall of 144,000 jobs. i want to bring in alan krueger, the chairman of the president's council on economic advisers. alan, welcome to the show. you said the automatic spends cuts that washington calls the sequester would slow economic growth and job creation. think back to the campaign when the president said clearly the sequester would not happen. given that it's happened, has he revised his projection about the 12 million jobs? >> what we have done is to try to remove the sequester. the sequester shouldn't have happened. it's bad policy. it's cutting key investments, causing a the lot of pain in the economy. it's going to hurt us in the

long run because we'll be investing less in research and development and it's photo going to solve our deficit problems. the so the president remains focused on pursuing the policies that will speed up job growth. >> when you look at the 88,000 jobs gained, you can't be happy. >> i try o take a longer view. we have added half a million jobs over last three months in the first quarter of this year. the economy is moving in the right direction. we need to avoid the kinds of self-inflicted wounds like the sequester that's going to slow down the economy. >> i also like to tell people i just think it's unfair that they put this all on the president in good times or in bad. what role exactly can the white house and the administration have in job creation? you don't really create jobs. frankly, we don't want an economy where the administration and white house is directing the creation of white house. what are the things the white house can do? >> very good question.

what we can do is create the environment that is conducive to job growth. that means investing in research and development. that means investing in infrastructure so companies are competitive. it means the right set of skills needed for a modern economy. it means getting our fiscal house in order. it means doing in t in a way that doesn't create manufactured crises. >> that's the one area you have influence in. making sure we don't have manufactured crises. given the experience of the first two months of the second term of president obama's office, are you looking at this differently than your predecessors did saying we can't get into this because americans don't like it. >> i disagree with you on the first part of that. i think the president can influence the economy in all those ways. what you'll see in his budget next week is a plan for the economy. a plan to invest in our infrastructure and make us more competitive and workers more

highly skilled. and to make manufacturing more competitive while at the same time we address our fiscal problems. >> april 10th i think you guys are putting that out. hopefully we'll get something done through congress. alan krueger, thank you very much. he's a senior adviser to the president. want to bring in kevin hastic. he's the director of economic policies at the american enterprise institute. he was one of the major authors of mitt romney's economic policy. joining us again is diane and mohammed. good to see you in person. you made the same prediction that president obama's team. it came from you guys first. alan krueger says he wants to take a longer view. we're not expecting 250,000 jobs every month. it's going to average out. but i do think that no president creates jobs or should be creating jobs. what's the thing that the white

house should be doing, if anything, to create jobs or is this removed from politics? >> i don't think it's removed from politics at all. the target of 250,000 jobs a month is something that any president would shoot for. that's a return to normal. the question is how do we get there. we're probably going about 1% less than we need to. i think that slow growth is coming about for lots of reasons. the contraction is not in the data yet. it was what mr. krooueger mentioned. that was a political point. >> when did you think that starts coming into the data? >> if you look for the whole year, a half a percent reduction from the sequester and 1% reduction from the taxes we had. >> before the sequester, $85 billion out of the economy over seven months compared to the $85 billion a month that the federal reserve is putting in every

mon month. you say the fed's action is maintaining the economy's lukewarm progress. ben bernanke said when the job situation improves, the fed may start pulling back. we have already discussed a lot of how that affects the stock market picture. what happens to the jobs picture? what role is this activity playing in this lukewarm jobs picture that we have? >> so think of the fed as minimizing the really bad risks, the disruptions. so what they are doing is they are minimizing the chance that we slip into recession again, but they can't get us to escape velocity. as the fed steps back, then the probably of falling back into recession would go up. >> we do have the fed's advantage is we have the low interest rates. we have the housing boom going on. we have an energy boom going on. what is the thing that we need that boosts that growth that

kevin is talking about? how did do we get that out of the economy? >> there are several ways. kevin has a good point. the president coming out with an actual budget is one step forward. getting some negotiation and compromise and moving forward so we have a road map of where we're going is one way to eliminate uncertainty. even if it's bad news. if we see potholes, we can brace for them or avert them. the fed has been the only lifeboat in a sea of uncertainty. some of seas are getting a little calmer with the housing market coming back. the fed has played a key role. it's not enough. and i think mohammed makes a good point about the fact that the fed is preventing us from slipping into another recession. we have yet to reach velocity. >> you're still optimistic. are you? >> a little less and i'll explain why. the dynamics of the economy is every month we don't see rapid

growth, it it makes it it harder. why? a couple of reasons. one, the international environment is getting trickier. it's getting more challenge iin. so the head winds we face coming from outside are very large. secondly, fundamentally we are structurally impaired. you use the example of a hospital. we came out of the hospital, but we are structurally impaired so we cannot run. and every month we delay in dealing with a structural impairment means we cannot run as fast. and i worry about that because of youth unemployment, income distribution. so i am more cautious than diane. >> what's your sense of how we fix this going forward? >> i think we are poised to have a good growth year or two provided that things get fixed just a little bit more. i think that diane mentioned the fact that there are a lot of things begin ining to look like normal. like they did before the crisis. so i think we're close. if we get out of the situation where washington is mucking

things up with -- >> but the market has weaved around washington. the stock market has sort of said, whatever, you guys get it it together or you won't. the problem with jobs and the rest of the economy, half of the country is not participating. >> and that's the head wind that's most important. the long-term unemployed are difficult to reconnect to the labor force. it's a big job to do so. that's why it's so important that washington get its act together. give us a big fund m l tax reform that lowers rates and broadens the base. if we do that, we could get the extra percent. >> i'm going to nominate you three to a commission to get that done. it's probably not as complicated as it it sounds. what a pleasure to have you all here. president obama has one assignment that stays the same each year. turn in a budget. he missed the deadline in

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four years ago congress passed a budget, a real one. lawmakers haven't passed one since. president obama will release his budget proposal next week that aims to reach a deal with republicans. officials say it includes changes to social security and medicare, plus new tax increases. the new budget will include an offer the president made to house speaker john boehner in december. that proposal included $400 billion in savings to medicare over ten years. for social security president obama plans to propose a switch to so-called chained cpi. that's a more accurate way to measure inflation than the way it's done now which overstates growth and consumer prices.

chain cpi is not a better way for social security resip yens because they spend so much on health care which rises fast er. the new budget would lead to $1.8 trillion in savings over ten years. it will replace the forced budget cuts that took effect on march 1st. also known as the sequester. joining us is austin gools by. good friend to our show. good to see you. thank you for joining us. >> thanks for having me back. >> the budgetary process has been stupid in washington for the last few years. what's supposed to happen is when you were at the white house, you put out a proposal in february. people negotiate. they have meetings and talk about it. they come up with a proposal and then congress votes on it it. we have had this dumb system where one side or the other puts forward a proposal that hasn't been negotiated, not been compromised and it it fails or passes and that's the end. how is this going to be different from all other

budgets? >> you know, i don't know that it will be different. i think we have had a budget. people are saying we haven't had a budget. we have had a budget, but the budget hasn't been a stand-alone budget. they have been saying, okay, our budget will be extend the budget that's there now. >> that's the continuing resolutions we talk about. >> so in this case, the president is putting forward a budget. he put forward a budget in the past. this one what's notable is exactly what you noted, which is he's going an extra mile saying, all right, there was some question of whether they rejected his offer in the fall, was he still willing to make a compromise. it it sounds like in this budget he's going to be willing to compromise. i don't know. i don't see the republicans really coming around. it it feels like right now the die n dynamic is still the same. the president is offering some cuts and some revenues.

including cuts on entitlements and the republicans are -- they are not using that as a starting point. >> you're a professor and you were a professor before. let's be pref sore y'all about this for a second. the budget is the most important thing because it's a manifestation of a government's priorities. so what we haven't had is a new budget that outlines a government's priorities which change on a year to year basis. we have the continuing resolutions that fund agencies at the same level they were funded before. some should get more, some should get less. isn't it the thing they should do in washington against all other things? >> yes, yes, but they aren't. we are where we are. what are we going to do? i think the budget is a representation of the most important decisions the government has to make. and in this case, we have gotten into a dynamic the president

proposes some things and they will oppose them. if we can't take a step back and each side be willing to give up some things, i don't know how we the get out of that. >> when we talk about the economy we're in now, jobs are growing a little more slowly than we would hope, but there's clearly potential. the stock market shows that people think things are going to be okay. we need -- the way you squeeze more out of an economy like this is greater efficiency, perhaps tax reform. can we get to that point in life when we can't do the basics like a budget? can america be great if we can't do budgets? >> i certainly hope so. you sense most of what happens in the economy, 90% has nothing to do with the government. i would hope dysfunction in washington would not bog it it down. but as you have been saying for months, we have to create more jobs. we have to get the economy

growing faster than it is. we have had modest growth at best. the rest of the world is even worse than that. and if you add on the sequester, if you add on these drags coming out of washington, it it just makes that job more difficult. >> always a pleasure to see you. thank you for being with us today. austin joining us from the university of chicago. the upcoming budget battle isn't going to be fun, but my battles always are. when it it comes to the economy, what keeps us up at night and what the are the two of us most excited about? debate on those questions next. he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ male announcer ] see what's happening behind the scenes at ducktherapy.com.

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we look at the full picture... to uncover risk, find opportunities, and create a plan that's best suited for you. bny mellon. to book this fabulous hotel. michael, tell us why you used priceline express deals well, you can see if the hotel is pet friendly before you book it. and i got a great deal without bidding. and where's your furry friend? oh, i don't have a cat. priceline savings without bidding. time for a little q&a with my friend richard quest. i have been insisting that the u.s. is a runner on the road to economic recovery. after growing the u.s. economy has been picking up speed. economists are raising their forecasts for first quarter economic performance.

many now think that gdp grew 3%. i don't think either of us believe that. the stock market has been on fire. housing is rebounding in the united states. there's real money to be made. real wealth to be built. but there are challenges, richard. 88,000 jobs were added. we just found that out in march. that's not enough. europe, where you are, deep recession. asia has been slowing down. political dysfunction in washington remains a dark cloud over long-term growth. richard -- >> you're going to get on with this or what? >> it seems that the u.s. is at a fork in the road to recovery. it could take off or stumble badly. here is the question. what are you most optimistic about and what are you most concerned about? let me see, who should go first? i'm going to go first, how is

that? >> richard, i am most optimistic about the energy boom underway. we are extracting record amounts of oil and gas from shale rock through fracking and other technologies and that is pushing the price up for natural gas lower which is used to generate electricity. that helps utilities compete. that creates more jobs for americans. possibly a resurgence in manufacturing jobs. next year u.s. oil imports are forecast to fall to their lowest level in 25 years. america is on the path to continental energy independence. and the economic rewards will be enormous. ironically the energy revolution is happening with little help from washington. that's my biggest concern. we haven't had a budget in four years. no long-term effort to deal with debt. our elected leaders prmpl to

govern from one crisis to another. that's my biggest concern. richard, your turn. >> my good friend, ali velshi, is definitely glass half full. he starts with the optimism. i'm going to start with the pessimism. i'm most worried about the inactivity and the ditering, the gridlock, the slow decision making that takes place on both sides of atlantic that led to a debt ceiling debacle, a sequestration, and in europe a miserable state of affairs, seen most recently by cypress. i regret to say i still remain a glass half empty person. and even more so today because the biggest threat, the biggest

worry that i can see at the moment is that i won't have ali velshi to pu right each week to open his eyes to the sensible views as he goes into whatever myopic he. s. >> i will miss you a great deal, but we'll work together again. otherwise i'll call you and speak to you for a minute. richard quest, my good friend, go well, my friend. the s&p 500 is returning double digits already just four months into the year. should you lock in your gains? i'll talk with some of the best minds in investing about what you need to do with your money after the break. at tyco integrated security, we consider ourselves business optimizers.

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s&p 500 has been hitting record highs. analysts say the index could move 1% higher before we see a pullback. where should you have your money? the most basic rule of investing. risk and reward go targogether. what you have to decide is how much risk you can stomach. three of the best minds in investing join me now. jim is managing director at sever capital management. these guys have been advising you on my shows for more than a decade. i'm going to ask you all the same question. if you believe that there's another percent in this market, that's not enough for most people. they can't throw in the towel and say we're down. how do you squeeze more out of an investment without taking undue risks. >> when you're looking at the

market, you're talking about an index. so the time to rotate out of sectors that have done really well, the media companies, utilities, consumer staples, go into areas still undervalued. maybe the autos and industrials and the teches. that's where you make the money. finding the dichfference in the market. >> now you can't just throw your money at the market. you say, maybe the market pulls back. i have places still under value. >> parts of the market that still have a good way to run. especially over the next three to five years. >> the way i would answer the question if you believe the market is only going to go up 1% is to buy dividend-paying stocks. it has to be one with good fundamentals, well-covered dividend and a dividend that could grow. it leaves you to mull national companies with good balance sheets. many of them are 3 or 4%. >> what do you do in the case a

company is paying that 4% dividend, but there's some worry those might be at the top of their evaluations? >> if you're not and you want to get in, you might buy half the position right now because the market has had an extraordinary several months. and then when the inevitable pullbacks come, buy the rest of it. that way you're not totally risk right now. >> fixed income things have had a bad name recently. because when markets are running 10% in three months, people say why are you in the markets? yield is not there. you don't think people should go too nuts. you should stay in it. >> most people don't want to have 100% of their money in the equity markets no matter how hho how diversifiediversified. we're talking about treasuries and the risks in treasuries. there's a lot of opportunity in other places. whether it it be flexible income

funds. there's a lot of things to get into that will enhance and diversify and build you additional yield and allow you to rebalance and take advantage of that. >> you're a financial planner. people must come to you when markets are going good. do you put anybody into individual stocks? >> sure, there's a time for individual stocks. there are places you can bring some value in that versus outright indexes. a year ago, you have to look at growth versus value. so a year ago when you had growth outperforming value, you could rebalance accordingly. now a year later, the exact flip-flop has hasn't. you can rebound between those and you're going to create additional return. >> we have given you broad strategies. after the break, we're going to tell you exactly what you do to keep your portfolio growing. come back with a pencil and

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so one point my three guests have made is that don't get nuts about looking at the market. don't get crazy about the market indexes because while some of your investment should be in something that looks like the s&p 500, the bottom line is this is a world made out of sectors, industries and geography. i want to go through exactly what they would recommend someone do right now in this market where we have a little pullbacks, but largely this market has been going in one direction since the beginning of the year. when you broaden it out, it's been going in one direction for a long time. so we are not -- the low-hanging fruit for investors may be gone. what do you do no now? >> you go with established companies that have global footprint that participant in the emerging markets that have good balance sheets and good

dividends. i would use microsoft, ge and intel all have between 3.5% to 4% dividends and stable business models. that's going to do as well as anything. >> they're safe. they're not exposed to much interest rate risk. they sell. i don't know if they want to be called boring, but they have steady business that is don't fluctuate too much based on changes in the economy. >> if you can grow the revenues 2 or 3%, earnings 5% and 3 or 4% dividend, it is a good total return looking for somebody to put their retirement money to work today. >> you're emphasizing that yield, the dividend, it throws off and can it may appreciate in value. if someone wants yield, you want to be somewhat conservative and can't put your pony in a bank, what do you recommend. >> we're back to fixed income again as the offset to the equity side and you need to diversify that. 10% of the portfolio. we keep talking about emerging

market debt. the reason i like it is because if you take emerging markets versus developed markets you have their debt to g dp is one third of what typical developments are. >> backwards of what it used to be in the old days. >> exactly and growing at four times the rate. there is an opportunity there. doesn't need to be a big part. the yield is twice the yield of a ten-year treasury. they're going to have the same risk level as in equity, but the opportunity is there for enhancing yield without chasing high yield corporate debt too much and getting into ultra risky assets. >> do you have ideas. >> there is an etf you can look at. the biggest one out there is hedged back to the u.s. dollar so you tonight have the currency risk. you can certainly get on the etf database and search for emerging market debt funds, that one right there is the largest, the etf out there in the space and there are some that are not hedged, so you have currency that you bring in and so you play that. this is a very straight forward way and institutions, pension funds, using this as a small

part of the portfolio for a long time. most people haven't. >> and that's a very good idea. a lot of these are etfs, exchange traded funds and trade just like a stock. trading account, buy them, they have a particularer and this is a tool the pros have been using for a long time and they're open to regular folks. are you a stock guy. what do you do. >> i think you look for growth, companies, totally agree with jim. strong balance sheets and growth and companies with free cash flow and you look at a company like google with secular growth, more people searching, more people going on mobile, and their share keeps on going and as they increase that they get more money and the stock sells at 14 times earning growing 10% and on the same vain look at qualcomm, more chipsets, everybody has a smartphone, more than one. >> they win no matter what happens. smartphone battle going on and qualcomm wins either way. >> they're agnostic whether it is nokia leading or google leading or apple leading because

the chipset is being made by them or they get a royalty and look what's happening globally. auto sales are going up. what companies are producing the best products? what have a good balance sheet growing a dividend? ford has a 3% dividend. didn't have one a couple years ago. increased investment grade and products are selling. every quarter they're doing better and better. >> strong management, strong product line. >> secular growth, rewarded on the income side, balance sheet side protection and also you get to grow over a period of time. >> i want the viewers to understand they're not dependent on larger economic growth necessarily. >> exactly. >> they can grow in their area and their area is growing. >> dependent on what they produce and how competitive they are within the same industry or within the whole competitive landscape of different stocks you can invest in. >> listening to this, you can get better than the 1% out of the market. great to see you. it has been a long time for the three of you, and it is good to see you again. >> pleasure. >> best advice you get

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as some of you may know by now, this is my last weekend here on "your money" and on cnn. it has been a great 12 years. >> i am allie velshi. this is your money. as long as folks running for office won't tell you the truth about the economy, i will. >> i have the bigger speaking part. >> you certainly did have the bigger speaking part, oh, yes, you did. ♪ the love boat >> before he ended up acquiring it. >> this is the rock star of wall street. >> i think he could be an academy contender and i have to use him more. >> men are so incredibly curious, it is unbelievable. people want to touch mif head frequently. >> glide it down the head. there you go. >> i want to let you know, you can see this rope here.

i am tied around this pole. i have a rope. we're at the back end of the storm. it still has teeth to it. >> this is ocean water. there are waves in the streets of downtown atlantic city. >> this is how i come to you. ♪ >> back, back, front, front, squeeze, squeeze. >> i am bullish on america. i won't steer you wrong and that's no bull. >> i am just more than all hat. >> this will be the seventh fed rate cut in a row. you have to pay attention. this is major. >> who is that hairless prophet of doom? how can we appease his anger, please? if we give you our hair, will you give us back our money? >> so for the first time i can't tell you i will be back next week. you can still follow me on twitter and facebook. keep watching this space. this has been my home a