>> hi, everyone. welcome to "on the money," far from the snow cold wall street. >> it was a hot and cold week for the market. the best day of the year following the worst. what does the big jobs report tell us. the man who wants your cell phone to have his company's name on it. we will talk with the ceo of at&t. >> and mission possible. a new endeavor. why space may not be the final frontier. "on the money" starts right now. >> this is america's number one financial news program, "on the money".

now becky quick. >> here is a look at what's making news as we head into a new week of "on the money". a weaker than expected unemployment report. 113,000 new jobs were added for january, well below expectation. the unemployment rate fell to 6.6%. that's because fewer people were looking for jobs. the numbers were previous months revised upwards but not by a lot. for december it was only 1,000. bad weather was likely a factor. >> the market for the best day of the year, the major index was climbing more than 1%. stocks continue to climb despite jobs numbers. the media company new and old is reporting their earnings this week.

>> 21st century fox met estimates. after mons of spklation. ran the company's. and if you're looking to buy, you will have to go someplace besides cvs. they will stop selling tobacco products in september. the company says that selling cigarettes and providing health care just don't go together in the same setting. >> coke announced that it's buying 10% of green mountain coffee. a cold system will soon be introduced which will be able to make coke drinks among them coke products. >> why can't the markets make up their minds? and how worried should we be about emerging markets? thank you both for being with

us. it was a lot lousier than people had been expecting. is that just bad news all the way around? >> there was a ray of hope within the jobs number. we know that the labor report was taken during the mildest month of the week. a big increase in construction which we know that anyone knows it was not a great month for construction activity. there was a lot of activity in damages created. almost half the jobs came in construction. on the manufacturing side we also saw gains but hours were down. weather related disruptions caused many plants to be shut down and overtime to be curtailed. so there was a weather imprint on this number. >> we had december's disappointing numbers. we have heard weather blamed for january's numbers and anyone will know that we will probably not get great numbers for

february. can you look at three months and say this is really just weather related? >> speaking from the epicenter of the polar vortex -- >> it has not gotten here, jack. >> it has impacted the economy. certainly just in, you know, in my own habits and so forth, so i know that, you know, people are more inclined to stay home. now, a lot of the jobs numbers are seasonally adjusted. construction jobs are normally not too abundant anyway. maybe we're not that much colder than average to impact that. i will say the service sector was probably more effected by weather as companies were closed. the first polar vortex sweep, minnesota registered a temperature lower than what was

recorded on mars. >> jack, do you think this is really, does that mean you buy on some of the dips? does that mean you're not concerned about a broader slow down? >> there is still what i will call a valuation gap going into 2014. we were overvalued and i was hopeful that a growing and accelerating economy would allow earnings of revenues to catch up to current expectation. you know, what's happened is we had some disappointment in the outlook. some disappointment in fourth quarter. the stocks have come down. i think that we, you know, still a little above fair value. i would say, you know, we could probably still see a further down trend here. i would use it as an opportunity to buy rather than an excuse to sell. certainly. >> okay. diane, let's look beyond our own

border borders they can't hope that bad news is spreading. >> that's going to be the real question for the federal re serserv reserve. from that perspective the deficit has been falling so they're buying a larger percentage of the actual treasury that we're adding out there. even a proportion of them. they're still adding to the economy from their perspective. >> help us figure this out. people were expecting bond yields to go up. so far, the ten year yield, other yields have been under pressure and they have been down. >> i was surprised as much as i was disappointed. so i think that it was a natural consequence of moving money out

of whisrisky assets into lower assets. one of the unintended consequences of the fed quantitative easing program was not just pushing money into the treasury market but it really displaced a lot of treasury buyers into perhaps high yield into equity. like a combination bill yard ball that that $85 billion, a lot of it ended up in the equity market. >> okay. so that brings us the question, where would you be telling people to invest? do you still think that stocks are the best value? or does that make you think that people should look around at other places? >> i think that stocks are the best value. i put all asset classes on a level playing field. i will say that international developed, probably trading at a

15 to 20% discount may be a better deal right now, especially if you hedge those currencies back to the u.s. dollar. but i want to maybe add one point on turkey as an example. i will say that that currency decline that we're seeing in the lira, 8.5% year to date, certainly down 30% from its peak is actually a market mechanism that will ultimately allow turkey to regain itself, put itself on sale and actually plant the seeds for a recovery. >> jack and diane, i can't have you two on together without thinking about john melancamp. up next we're on the money. do you think your cell phone bill is too high? wireless providers are slashing prices and offering promotions to get your business. and later, a role model from the space race on science in today's classroom. the first african-american astronaut talks about encouraging a new generation of

explorers. take a look at how the stock market ended the week.

>> it's a surprising number, but 91% of american adults now own a cell phone. that means the wireless market is fairly saturated. carriers are saying good-bye to old business models and hello to price reductions. where does that leave consumers and the industry at large? i spoke to stevenson about wireless trends, the market and the consumer. >> we have been in the u.s., a sideways motion now for three or four years. you know, side growth, nothing exciting. i think the markets are responding, my guess, is more to

the fed. >> 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 through? >> i would be surprised to see the regulators allow it to happen. the doj in their complaint they filed against us when we acquired t-mobile made it kpleer that they believe four national competitors is the right number. if you look at what's happening in the marketplace today, you see a really intense competitive environment. we're all competing on price. and most importantly, i think we're all competing on network quality and capability. >> it's a very competitive area. at&t has announced price cuts to its friends and family price plan. can you continue to turn a profit on that? is it getting really vicious? is it right to think of this as a serious pricing war? >> i think this has been a

fascinating evolution in our industry. consumer has been given an option. in the past, the carriers, the telephone companies would heavily subsidize an iphone or android phone and give it to the customer for very little money. >> how much was the subsidy? >> probably a couple hundred dollars. >> right. >> and then all the sudden when we offered the customer a choice and said look, if you would rather pay more for the hand set, we would give you much lower price points on a recurring basis and the consumer is overwhelmingly opting to pay more for the hand set in exchange for lower ongoing pricing. we have been kind of pleased. >> wireless industry is pretty phenomenal when you think about pen strags in the united states. are there more growth potential here? is that where you think the hot ones wanted to be?

>> i think there is still a lot of opportunity here. so the smart phone era is beginning to mature. almost everybody has a smart phone now. >> or two. >> now people are adding tablets and there's a lot of room to run on tablets and we're just now entering the world of the connected things if you will. connected devices. this is a very exciting opportunity as we put these fourth generation networks, wireless networks out there, people are beginning to manufacture all kinlds of devices, wearable devices, devices in the home that are connected wirelessly to the internet. and this is just a whole different revenue and growth opportunity for us. >> you recently became the chairman of the business round table. have there been issues that have really come up to the forefront? >> when we look at public policy and issues surrounding public

policy, there is one issue that is pervasive with all of us 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 investment as a percentage of gdp, it is at its lowest level since world war ii. if we're not investing then we're not hiring. >> let's talk about another big problem that you have identified and that's higher education in this country. you're thinking that businesses need to get actively involved. is this because you don't find enough qualified candidates coming out of school? >> we have skill sets that we are having a difficult time finding qualified candidates for. so we decided we're going to have to start aggressively working to develop these skill sets ourselves. and so we have recently partnered with georgia tech and

a coup called udacity to do something very interesting. we have started offering a masters in computer science using technology. technology has not been utilized much in higher education programs much right now. that $40,000 degree will now cost about $6,700. we are very, very excited about this. you think about what other areas you can use this technology to give them new skill sets so that companies can bring them in and put them to work. >> my thanks to randall stevenson. up next we're on the money. the first african-american woman in space. we will hear what she has to say about science, san

>> weekdays are for rising to the challenge. they're the days to take care of business when possibilities become reality.

>> for many people, space is the final frontier. for my next guest, it is only the beginning. the first woman of color to go into space and is today focusing on the career and economic impacts in the classroom. thank you so much for being here today. >> you are very welcome. >> you are working with the bear corporation on impacts, those are the stem studies. what about the connection between stem and the job market. >> we know that over the past

ten years, even more than that, jobs in the stem field have been accelerating. they far outpace the number and percent. so much of our economy depends on innovation. where are the jobs? they're in fields that require some kind of stem knowledge whether you talk about the i.t. field, biotech, new materials, all of them require stem background. and there's another thing. just in our everyday lives, regular jobs, people need stem background. >> what inspired you with your background to go into some of the stem work and educational things that you did and what do you think is missing right now? >> i was just curious. i wanted to do some of everything. >> i wanted to, too, but i wound

up a journalist. >> what we're interested in is science literacy. everybody needs that as a basis these days. what's different in the classrooms, we know that hands on education is really important. that is if you're talking about electricity, wire a flashlight. it's not the same thing as talking about it. let's go back to something else. i think that really how do you get effective science literacy, something called the three es. expectation, exposure and experience. >> we have to expect that our kids are going to do well. >> you were on the space shuttle endeavour. why don't you tell us about the work you did and the mission there? >> we did lots of experiments. we worked on things with semi conductor materials to how the body adapts. we worked on something called separating chemicals. and the impact of it was really

about understanding how you use space and micro gravity as a platform for advancing technology here. and that's 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're putting aside for nasa? what we're putting aside in terms for basic research at this point? >> i'm very concerned. these days we get really excited about biotech industry. all of that basic research was done back in the late 60s and 70s. and we're living off of that now. we have to do the same kind of investment so that we get it

into the future. students like challenges. they like stuff that has not been done before. if you want to get kids involved, you have to be pushing for something bolder and bigger. i think that's how we start to develop this talent pool. >> did you see the george clooney and sandra bullock movie about space? >> yes. >> what did you think? >> i thought it was really beautiful. i thought as a friend of mine said, that it was -- should not have been classified as science fiction. it was a drama in space. the only problem is there was a lot of fictionalization of the science. it was fascinating that something about space really sapt vated people so much. is that something that helps us to see that it has a relevancy loved to have had more discussion about what they were

doing there. there was a little bit about -- an interesting thing, it did capture our imagination. >> it did. >> thank you so much for coming in. >> up next, a look at the news that will have an impact on the money and a golf tournament worth millions started as a clam bake for a few friends when we return.

>> more on our show and guests,

you can go to our website and you can follow us on twitter. @onthemo @onthemoney is our tag. >> quarterly earnings will be reported. monday is the westminister kennel club's annual dog show. mixed breeds are invited to compete. >> janet young will be testifying before congress. on wednesday the treasury budget is due. that tracks the deficit or surplus. and sales for the month of december will be released. finally the fun and games in pebble beach. the tournament is one of the highlights of the pga tour with a winning purse topping $6 million. 166 pros and 166 amateur golfers come together on three of the most beautiful golf courses. this dates back to the first

clam bake for charity that was posted by crooner bing crosby. the pebble beach tournament has raised more than $110 million for charity. that's the show for today. i'm becky quick. next week the debate over having it all for women and men. my guest wrote a controversial piece on why work life balance is harder than ever to achieve. each week keep it here. we are "on the money". i'll see you next weekend. [ wind howling ] [ female announcer ] it balances you... [ water crashing ] ...it fills you with energy... and it gives you what you are looking for to live a more natural life. in a convenient two bar pack. this is nature valley...

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good morning. golden guy. american snow border sage katzenberg riding high today after winning the first gold of these games. >> today is a good day. i'm so stoked. i can't put into words how excited i am. >> breathtaking moves in the first-ever slope style event. this morning he's here to reflect on his life-changing victory. hanna's heart break. >> wanted that gold medal and i