seat at the table today. >> what? >> not for a great reason but thank you. >> thank you. tells us about this first storm. >> we've seen a blitz of everything this winter so far but haven't seen a good ice storm in new york city. >> don't want to. >> but we're going to see it. it's coming. that's the main threat with this storm. a massive storm affecting portions of the midwest. lots of heavy snow out there. the problem is the ice is coming our way. as we take a look at the satellite picture there's our storm pushing into portions of indiana and you see that pink shade area, that's the eyes storm in portions of kentucky, tennessee, rain to the south. as the storm progresses to the east tonight and tomorrow morning especially here right around new york city we have the heavy wet snow on all the trees. that snow weighs a ton as it is. you can see the branches already sagging around much of the tri-state. we're going to put a glaze of ice on top of that heavy wet snow. there is going to be major power outage potential. >> my photograph. >> is that yours? >> yeah. >> might have to say good-bye to that tree after the ice.

too much weight. we're expecting half an inch of a glaze of ice not only will it make the roads treacherous tomorrow morning going to affect the trees and power lines. we don't want to have power outages during the cold season and it could be several days especially the philadelphia and national weather service is talking about potential power outages that could last more than a week in their area. they're preparing for this dangerous ice storm, not so much about the snow in new york, two to four inches with the glaze but boston this will be all snow for them. another foot of snow. it's been a wild winter so far. and this is just another curveball here with the ice and snow combination tomorrow morning's commute around new york city, philadelphia, will be a mess. >> can't we go back with good news is. >> i know. i would like to come back with good news. >> i don't mind the snow but the ice. >> no one likes the is. abby is in washington where they are expecting icy conditions later tonight. >> yeah. but nothing like they are experiencing further west from here like in kansas city, missouri. where officials worry all the

extra weight will take down pretrees and power lines. janet is there. >> hi, abby. kansas city is getting hammered right now. plows are continuing to come through like we saw right there. what good is it doing? the snow is coming down so quickly the streets are still fairly snow packed. while much of the city has shut down, cars are starting to venture out and that's dangerous when you see hills like that one over there which are common here in this area. cars getting stuck around town. not just in the kansas city area. apparently 7 inches in topeka, kansas west of here and to the east on interstate 70 it's closed in one direction after a big accident. in this area the mayor is asking people to stay home one more day tomorrow while the city gets the plows out and tries to recover from this, but people will be antsy to get on the roads. we see folks across the street out walking taking a look around. as they do the temperature will

plummet throughout the afternoon and evening hours. right now we started the morning in the mid 20s. now we're in the low 20s. we will be in the teens with windchills well below zero by early morning. back to you. >> janet in kansas city, thank you so much. back in the northeast round two of this one, two, three punch is as we've been saying hours away. up in new england the plows and salt spreaders at the ready even if snow weary residents are not. byron from our nbc station in boston has more. >> right now, it's a sunny day in boston but everyone here is bracing for a big snowstorm tomorrow. some of the state plows and salters and sanders are here, ready to go. tomorrow we're expecting the third major snow event up here in new england since the beginning of the year. the last two storms focused mainly down along the coastline and on the cape. that's where they get hit hardest. tomorrow we're going to sort of flip the script so to speak, most of the snow will be up to

the north and west. the city of boston we're talking ability several inches -- about several inches close to a foot. we're looking at the heavy, wet back-breaking snow tomorrow because it's going to be warmer than the past storms. the last storm we had that nice light fluffy snow that was very easy to shovel. the new mayor here in boston made his first big decision to close schools in the last storm. the mayor and governor say they are waiting until later today, possibly in the evening, to make any decision about closing schools or state offices tomorrow. so that's the latest here in boston, i'm byron barnett. >> thanks so much. stay safe out there. in the meantime bring rafi back in. we're talking about there being another potentially huge storp storm this weekend. say it ain't so. >> more bad news. as we head into the weekend sunday into monday the european computer model and north american models locking in on

this storm. we've seen a wavering in that forecast but we expect that. kind of wobbles back and forth but we're still dealing with the potential for a heavy snow maker right along the i-95 corridor that would include philadelphia and new york city and boston. more of a classic nor'easter. not worried about the ice with this one so much as the heavy snow which could be really piling up by monday morning. so yeah, that would be number three in this one, two, three punch of storms. powerful area of low pressure that could bring the wind, the heavy snow, we're talking about snow up to a foot maybe in some spots or more. so that's going to be sunday night into monday. we'll track that as soon as we deal with tomorrow's storm. get ourselves back together. >> plenty of time. >> one thing at a time. >> storms are like joe frazier and muhammad ali. >> is that what that means? >> i don't mind -- i get excited for a good, big snow, up with like really big one a year is fun. the ice is not so great, though. are there like particular weather events that as a meteorologist you get

particularly jazzed about? >> snow. i have -- i don't want to jinx it or anything and get the hate mail but i love snow. that's got to be my favorite. ice pretty much my least favorite. it's not fun. everyone slips and falls. people lose power. nothing good about an ice storm. >> maybe that's the kid in you because i don't really care for the snow except for the visual, but my kids love the snow. they want to go out and get messy in it. >> sure. >> all that good stuff. >> get out of school into yeah. >> snow day. >> my son he doesn't care. i'm like you go out with your mom but i'm not taking you out in the snow. >> yeah. >> i'm a kid at heart, what can i say. >> all right. >> weather events that really you get excited about? >> go ahead, abby. >> i'm in d.c. i will say there are a lot of people concerned about the ice storm. i don't know if i'm going to make it back tomorrow. don't get too comfortable in that chair because i'm going to come back. although you look pretty cute in it. >> maybe you can take one of the other chairs at the table. >> oh. >> your chair. >> i'm staying out of this one.

>> krystal, it's early in the show. >> when you -- when you're out and about people love to talk about the weather. when i'm in an elevator that's everyone's go to thing. how do you deal with that and do you slip in to giving people more information than they need or -- >> like the cliff clavin of the conversation. >> times when people walk up to me how is the weather and i think they really want a detailed forecast but they probably just want to say hello. i don't get that and go into dew point temperature and humidity and how much ice we're expecting and like okay, please. >> amazing "snl" skit on the elevator and the weather map pops and you're doing this whole thing. >> this cool remote control. >> that's power. >> as you're doing the hit. >> we're not trusted with anything like that. >> we're not. >> no. >> rafi, thank you for joining us. >> my pleasure. >> as always with the great forecast. up next, chris christie gives

political pundits a chance to use their favorite phrase, doubling down. "the cycle" rolls on, a look via our instagram page at the wintry weather right around here. ♪ turn around ♪ every now and then i get a little bit hungry ♪ ♪ and there's nothing good around ♪ ♪ turn around, barry ♪ i finally found the right snack ♪ [ female announcer ] fiber one. did you run into traffic? no, just had to stop by the house to grab a few things. you stopped by the house? uh-huh. yea. alright, whenever you get your stuff, run upstairs, get cleaned up for dinner. you leave the house in good shape? yea. yea, of course. ♪ [ sportscaster talking on tv ] last-second field go-- yea, sure ya did. [ male announcer ] introducing at&t digital life. personalized home security and automation. get professionally monitored security for just $29.99 a month. with limited availability in select markets.

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your administration didn't just give a job to your school mate, it created a brand new position just for him. >> david and i were not friends in high school. we were not even acquaintances in high school. >> okay.

that's a straightforward and mature and nonpejorative way of describing a nonrelationship. if you were to stop right there, i would deem that evidence in your column that you're not the vindictive bully the allegations might suggest. >> i was the class president and athlete. i don't know what david was doing during that period of time. >> until that one day when we both had saturday detention in the library. maybe we learned we aren't so different after all. >> bingo at the bridge gate development do sound more like the plot from "the breakfast club" one of the greatest movies of all time. for the first time since former christie crowner david wildstein threw his governor under the bridge spoiling christie's super bowl weekend he doubled down on his insistence he found out along with the rest of us last month. >> i had nothing to do with

this. no knowledge, no authorization, no planning, nothing to do with this before this decision was made to close these lanes by the port authority. >> maybe this is a better movie comparison. "mean girls" but i digress. mr. stewart, back to you. >> of course it's before wildstein claimed that he had proof that christie knew. a charge christie will have to refute more seriously than with just the high school character assassination. >> in an e-mail to friends and family obtained by abc news the governor's office went after wildstein. >> claims as a 16-year-old kid he sued over a local school board election. >> publicly accused by his high school social studies teacher of deceptive behavior. >> now that [ bleep ] really does go on your permanent record. >> now to someone who is never accused of deceptive behavior in

high school or any other time in his life, howard fineman joining us. nice to see you again, sir. >> i'm thinking back to social studies class here. i don't know. >> those things never go away. >> it's tricky. if my permanent record is permanent we have a lot to talk about. look, we talk a lot about will christie make it through 2014 as governor, is he still alive in terms of the presidential race, 2016. i want to talk about the rga. that's a chairmanship of the republican governor association is an important thing for him and the party. the governor's mansions are a point of pride for the party. they've got 29 of them. there's 22 republican governors up for re-election this year. some really important states. florida, michigan, illinois, wisconsin, ohio, colorado, including pennsylvania where tom corbett according to chris cizilla is the most vulnerable governor in america. important for the gop to have the governorship of pennsylvania for so many reasons. how long does the gop, does the rga say, okay, we're going to

stick with you, chris christie and at what point do they say, you are not the rainmaker that we thought you might be because he's continuing as we see there, he's continuing his rga tour, dallas, chicago, coming up. how long do they keep going with limb? >> oh, i think they go for a while here. i think they'll let things play out a little in new jersey. i think based on what i've heard about a fund-raiser he was at in florida the other week some of the big money sticking with him. he's still popular among the base and amongs big hitters who look at him as a moderate alternative to the tea party, so i don't -- i think he stays rga chairman until there's a really much more explosive e-mail directly involving him than what we've seen so far. >> yeah. that's the national pressure. locally chris christie has a lot of bad news. take a look at the front page of the "star ledger" where you see the super bowl story going off

the rails. new round of sandy aid getting some criticism and there's also a story there below the fold at that same paper about christie's re-up on the denial here. it's not the kind of beginning of a second term that he expected. >> no. god no. it's a nightmare in every direction. administratively with the mess up of the super bowl transportation traffic especially after the game, the doubling down as you said on his denials of previous knowledge of the events involving the bridge, while at the same time think he left himself a little more running room on events after that, that was one of the purposes of last night, his numbers are down in the state, his numbers are down nationally. i think at some point those big donors will say, we're not so sure. he's teetering on the edge of that now and we'll see. i mean to be determined. >> you know, howard, sarah jessica parker was on "morning joe" you might know her from

"sex and the city" but wanted to weigh in on the christie saga and said normally in these scandal-like situations it starts at the top. she said the fish stinks from the head down. hadn't heard that before but many people that feel that way, they would be surprised if there is no connection in the end. the reality is he still is governor, still has a job to do. to all those democrats saying why is he getting back to business as usual, he still has a job to do. let's take a listen to what he said last night. >> i have the responsibility for 8.9 million people. i'll be dammed if i'm going to let anything get in the way of me doing my job. i took an oath a couple weeks ago. >> howard, what's the alternative to crawl under your desk and wait for this to settle down? >> i think that was the best thing he could. absolutely the best thing he could do. other politics in that kind of situation have done the same including bill clinton during the impeachment controversy. bill clinton said i'm going to keep working here. i'm going to work hard for the american people. that's the best antidote that

any politician beset by scandal can take. yeah, i think he's doing the right thing there. he's doing the right thing to travel around the country and continue to try to raise money and -- because we're at a point now i think in the new jersey investigations where a lot of it is going to go underground, a lot of maneuvering by lawyers, hearings that may or may not include key witnesses, it's going to grind on until something big happens again and that could be a while. in the meantime christie needs to do what he's doing right now to survive. >> it's going to grind on with lots of leaks along the way. >> yes. >> i'm sure. turning to the republican party at large, national journal is reporting that mitt romney is now the 2016 favorite. >> wow. >> with the subheading this is not an onion story. the republican party with christie's favorability plumm plummeting looks like 2016 is as much of a mess and free for all

as 2016 w2 was. >> people wondering why we're reporting about christie until a month or so ago, he was the clear frontrunner in a muddle -- in an otherwise muddled field. the guy that could combine the sort of anti-establishment, tea party with the moderateness of a guy who dealt with president obama and comes from a blue state. as good as you were going to get on paper heading into 2016. now he's in deep trouble politically. and i think the fact that mitt romney has bobbed back up to the surface in part as a result of the documentary about him and so forth, is more the sign of the absence of anybody than the presence of anybody. i wouldn't say that it means there's a mitt romney surge. >> right. >> i think it just means -- it just means that republicans are utterly confused about the direction. this has not been the case in the republican party really for the most part since the dawn of ronald reagan, since the late '70s there's sort of been a

clear line of authority and heredity if you will and that's not true now. i've not seen it in the time i've been covering politics this defuse and sort of -- it's kind of like all sort of even temperature out there, luke warm. >> you're absolutely right. this has been the party of next man up election after election. we knew who would be next for once, we have really no idea but we know howard fineman will be back. thank you very much, sir. >> okay. guys. thank you. >> up next from jersey politics to a busy day on the hill, the senate voting on a hard fought farm bill compromise. some are still hating on the deal. details next. it's time too for the your business entrepreneur of the week. kelly started her company love early in 2012 with one mission, to make wedding planning easier through her bridal search engine. with retail partners approaching daily and content increasing she

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all the action in the news cycle is here on capitol hill today. target vowing to make right on the securibreach affecting 40 m users. at a hearing before the senate

judiciary committee the retailers chief financial officers urged banks and businesses an the government to work closely together to protect consumers. >> i want to say how deeply sorry we are for the impact this incident has had on our guests, your constituents. we knows this breach has shaken their confidence in target and we are determined to work hard to earn it back. >> over in the house intelligence committee lawmakers were looking for reassurance ahead of the olympic games in sochi. the head of the national counterterrorism center said the russians have been cooperating to address those concerns but matt owlson added it could always be better. for any pifk threspecific threa here's what he told law makers. >> there are a number of specific threats of varying degrees of credibility we're tracking. >> the winter games begin in two days on the networks of nbc. >> thank you. cycling now moments ago the senate voted to pass a five-year, $956 billion farm bill.

the bill gives farmers generous subsidies but now requires them to incur losses before collecting those subsidies and ten states allows hempp farming for research and after two years of gridlock this move has a lot of insiders saying there's a return of bipartisan. >> this is most importantly a major bipartisan jobs bill to make sure that 16 million people who work in agriculture from michigan to mississippi to minnesota to oklahoma and everywhere in between have the support they need. >> the president says he's pleased to sign the bill which also funds the nation food stamp program or snap. nearly 47 million people participate in it. that's one in seven americans. the legislation however is cutting the program by $8 billion. some analysts say celebrating bipartisan here is a mistake that actually elevates process over the actual impact on everyday americans. salon reports 800,000 families will struggle to get too food and argues the compromise may show democracy is functioning

but the bill makes hungry people hungrier at a time of rampant poverty. blake, welcome to the table. why do you think so many washington insiders are missing the point here? >> it's what you said. there's a tendency to kind of prioritize process over actual outcomes, so you know, it's a normal human reaction to want people to get along and the idea people are coming together in washington during the time of such bickering, oh, it's a good thing there's bipartisanship. people are coming together. it's a normal human reaction. fine, the problem is, if the actual content of the bill, if the outcome of the bill is not good, you know, if there was a bill that said let's make chris christie federal secretary of transportation for the rest of his life, that would not be a good thing even if bipartisan. >> whoa. that sounds terrible. >> wouldn't that be bad even if bipartisan. here you have a bill that's cutting food stamps at a time of massive, rampant poverty by $8 billion over a decade. that's not something to celebrate. it's easy to get excited about bipartisan and passing

legislation but let's look at what's in the bills. >> i think that's true and it's why so many americans and i think this is a classic example of this, look at the policy priorities out of washington and go what are they thinking? they are so disconnected from what i actually care about. i have another hypothesis i would like you to weigh in on. it seems like the priorities of washington are much more closely matched with what the wealthy elite in the country want, rather than the general public. looking at this bill specifically, 87% of wealthy individuals prioritize saying deficit cutting is very important. they're much less supportive of social safety net programs than the average public. we end up with a situation where people think the serious minded thing to do is cut budgets and cut the social safety net program even though that does not match what the american people want. >> you've hit on what i think is the most important problem in american politics today and that sounds -- it's what i think. >> i say that all the time. >> you're a genius.

here's the problem, because poor people have so little electoral power and financial power in this political process and what do i mean by that, they don't have the ability to pay for lobbyists, don't have huge donations that they can, you know -- i'm not saying that lawmakers are susceptible to bribery necessarily but contributions play a big role in whose ear you're getting and as a result -- the other problem is poor people don't vote as much as the population for a range of reasons. take those two factors together and what happens is, the needs of poor people do not get the megaphone that they should get at all. a recent example in new york last week there was a snowstorm and a couple streets on the upper east side didn't get shoveled and you would have thought it was the biggest calamity because rich people have access to the media were going nuts and bill de blasio the mayor of new york for this new storm storm today made a show i got the upper east side covered this time. you're right. as a result you have these issues like fix the debt. >> social security is another one.

>> exactly. i totally agree. >> we dealt with that. many brooklyn folks had to listen to our executive producer from the upper east side saying they didn't do the snow in our area. i'm more optimistic and pleased with this bill, you it is an $8 billion cut, it could have been a 20 or $30 billion cut. that's what we were talking about. this is locked in for five years. no matter what happens with the senate in 2014, 2016, this will still be in place and there's some good provisions in like the food insecurity nutrition incentive program, which gives double the benefit for food stamps if you go to a farmer's market. they've been doing this in michigan for years. three quarters of the folks there are eating healthier because of it and helping local farmers. there is good stuff in here. >> like that initiative too. agri he on that. when it comes to the food stamp cut and people talking about $20 billion and $30 billion cuts it's important to look why they were talking about that.

it's important how you stake out your positions, right. so the democrats who control the senate, first passed their bill out of the senate and they started by -- with $4 billion worth of cuts. that was opening negotiating positions. let's raise it at a time of rampant poverty they started with cuts and the republicans passed a $40 billion cut. that's why you end up with notion of $20 billion would be a middle ground compromise. that's because, you know, the way these negotiate positions staked out. had the democrats started with seeking an increase -- we're seeing this with social security to get back to what you were saying before. a lot of people on the left are saying let's not cut social security, let's increase social security. >> blake, another big part of this is cracking down on fraud and ensure people that have died stop receiving food stamps and snap trafficking illegally. the department of agriculture estimates between lying and applications on erroneous payment because of mistakes the government is making the loss of

the food stamp program is about 4%. now my colleagues will probably say that's nothing, a tiny fraction which is true, but because the program is so big, that means more than $3 billion has been lost to trafficking, fraud and overpayments each year. doesn't this also need to be a big part of the conversation ending the abuse and fixing the government inefficiency. >> i think you're right about that. i spoke to someone on capitol hill, a senior democratic official trying to explain their support for this initiative and was saying look, at the end of the day all we're doing is closing a loophole and they mean there are a number of people on food stamps who were allowed to get extra benefits because they were getting extra -- because of a loophole that enables them to get more food stamps because they're eligible for heating assistance and this closes that loophole. the idea if you get rid of the fraud then everything is on the up and up and no harm done to everybody doing it legally. the problem is there are many, many other loopholes that are going on in washington right now that have been going on for

decades, corporate loopholes or other loopholes to enable rich people to hide their profits in offshore havens all of a sudden we care about loopholes nice to see maybe it starts here and extends to other areas. >> yeah. i think that's -- >> a fair point on the loophole and pointed out a hole in some of the media coverage of this bipartisan bill. interesting article on salon.com. thanks for joining us. up next from on-line college directory to the world's most popular social network the immediate yearic rise in the few -- mediocre rise in the facebook ten years on. that's next. hungry for the best?

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years. 15,000 schools, 20 million students. it won't require a single piece of legislation from congress. it won't add a single dime to the deficit. >> i think that last part was for republicans. as you may recall from his recent state of the union, the goal of the white house initiative is to connect 99% of students to high-speed internet with the help of tech giants like apple, microsoft and verizon. the remarks come on a big day for another connecter the tenth anniversary of facebook. can you believe that? what did your first profile pick look like? i thutser to think about mine. let's go live to the white house briefing room for more on the president's school visit and speech today. the white house domestic policy counsel director handles education policy for the president and joins us now. cecilia, great to have you.

the president had an opportunity to explain why this is important and what people should take from this event today. so what's the message you want our viewers to hear today. >> the president is acting, talked about a year of action and we're going to make sure not just every school is connected but every student at every desk in every classroom. the fcc is making an enormous down payment to get to 20 million student in the next couple years and importantly the president asked the private sector to dig deep and to be part of this effort to make sure that we can really transform how teaching and learning happens in this country and a bunch of marquee companies stepped forward like sprint and verizon, at&t, apple, microsoft, putting in $750 million worth of devices, content, of additional connectivity so that we can really speed up the job of making sure that our students are connected and that we really change the way teaching and learning happens in our classrooms. >> yeah. cecilia, i think this is great stuff and great to see the big companies stepping up to the

plate and getting involved. the president i know also is reaching out to private companies to encourage them to hire some of the long-term unemployed to help deal with our unemployment problem. both things going around congress. are these initiatives signs that there's a bit of a less ambitious agenda and recognition that not much is going to happen with this congress? >> you know, i don't think it's possible to say that an effort going to result in connecting all of our students in our schools across the country in five years, lacks ambition. this is a huge transformative moment. it happens that we have a mechanism to do it that doesn't require the congress but this is the kind of thing the president wants to to be doing, the federal government should be doing, it's the right thing to be preparing our students for college and career and as the president has said he's going to use action where he can to make sure that we're moving the ball forward and doing it in very ambitious ways that involve the federal government as this effort does without adding a dime to the deficit but that also involve other stakeholders and actors around the country

including these companies that have stepped forward in a big way today. >> all right. se see ya munoz, thank you very much. the wildly used social connecters is facebook, it was professionally officially called that. today the network with 1.2 billion actives users monthly worldwide celebrates its tenth anniversary. the ceo and creator of the company mark zuckerberg sat down with the "today" show 's savannah guthrie to talk about early days of likes and status updates. >> i remember really vividly having pizza with my friends a day or two after i opened up the first version of facebook. at the time i thought someone needs to build a service like this for the world, but i just never thought that we would be the ones to help do it. i think a lot of what it comes down to is, we just cared more. >> joining us now wired senior writer matt hosen. facebook is the internet for some people, for many people, but once upon a time, aol was

the internet, was the juggernaut of the internet for most people. so i mean, i can imagine a world without facebook or where facebook has been dethroned the way that ao, l has been detloends, what would do that, bring about that? i mean the privacy concerns that a lot of people have may make some people sour. the move into a mobile computering world away from laptops may cost them some of their experience. and facebook's main way of dealing with their competitors is just to buy them. just the way they bought instagram, tried to buy snap chat, bought others. they may not be able to continually buy competitors forever. someone may come up they don't see on their side, do you see a world in which ten years we're still talking about facebook as the juggernaut of the internet. >> likely they'll be talking about facebook ten years from now than aol which was a service provider. facebook is working hard to make

sure we're going mobile. designed to sort of replace your news feed. this transition they were a desk top first company a web first company and the transition to mobile is risky. >> yeah. you know matt, there's an old saying $1 million isn't cool, you know what's cool a billion dollars. that's right. >> or billion users. >> or a billion users which is what i was going to say. 1.2 bin users not just old people, or fudsy doesies they're on there, 57% of adults but 73% of people aged 12 to 17, teenagers, are studs steady users of this site. even if they haven't completely cracked mobile. tell us why. >> it's still a great place to come together and connect people. look at some of the apps that are getting popular with kids they tend to be messaging apps. somewhere where facebook grew

70% i believe. they are having troubles with teens. it's one of the areas they haven't gotten it as well as they probably would like to. >> troubles with teens. who doesn't have troubles with the teens. matt, thank you very much. >> thanks for having me. >> we asked our friends when they started using this facebook thing. vividly after my annoying brother convinced me to give it a chance around 2007. have become a full-fledged addict. thank him for that. while talking about the internet don't forget ari mel bern will be hosting a live q and a session after today's show on veterans court. i can't wait for that. >> can we never show that photo again? >> show it again. >> you can find at thecycle.msnbc.com. the picture again. up next a one man field of dreams for our economy. >> if you build it he will come.

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for a current prospectus visit www.etrade.com/mutualfunds. open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. the markets are rebounding today after a 300-point drop in the dow. the one day drop in seven months. you can see green across the board but as monday's plummet proves iners are not sold on the state of the u.s. economy ahead of friday's jobs reports. our next guest has an innovative idea for creating a new path forward and creating jobs in the

process. smart people should build things. so simple it just might work. joining us now is andrew yang author of the book with the title and matches college grads with venture start-ups and enkournlgs them to start companies of their own. welcome, andrew. thank you for joining us. >> thank you so much for having me. >> it's our pleasure. i wanted to start with just sort of the premise here and you start your book by saying, we've got a problem, our smart people are doing the wrong things. if we can get them to do the right things it will transform the country. what are they doing they shouldn't be? what should they be doing instead. >> when i graduated from brown in the mid 90s i didn't know what to do with myself so i went to law school, one of the default pads in that time. in my case i found out the law wasn't a great fit for me or vice versa and transitioned into start-up companies including a national education company acquired by "the washington

post." i saw there are really only a handful of pads that most of our national university graduates are pursuing. we're sending a majority of our graduates to professionals services, finance, consulting and law and not enough talent to the businesses that employ those services. like we're investing in many layers of frosting and neglecting to bake the cake. >> frosting is delicious though. >> frosting is good. >> probably the best part of the cake. seriously, i feel like entrepreneurs are a certain kind of person, there's a certain kind of person who has that much drive and that much sort of belief in their ideas that they stake out a claim and create something. you say almost anybody can be an entrepreneur and what you're doing for america is training folks to become entrepreneurs. can you really train pretty much anybody to be an entrepreneur? >> we don't believe anybody can become an entrepreneur. we think most are kind of like me where they could be a number of things depending on what's being presented to them and supported in their ambitions.

we're making it incredibly easy do some things and difficult to be an entrepreneur. if we change that we can change the path many of our young people pursue. >> in your book you have suggestions for how we motivate the smart people to actually build things and one of those suggestions to support the risk takers out there? what are some of the other things we should be doing? >> well, certainly at the university level, and one thing i'm very happy to report having spent a lot of time on college campuses young people desperately want to learn how to build things. they need to have a genuine choice. we need to present that path to them and through our organization venture for america we're recruiting college graduates who want to learn how to build a business and hopefully go on to create opportunities for themselves and others over the coming years. >> but there's two different sort of skills at play here. creating something, creating a better mouse trap is one whole thing, certain people can do that, and running a corporation whether a small one or large one is an entirely different sort of thing. that's why you have larry and

sergei and eric schmidt runs the business. i mean is it hard to sort of combine those things? do you have to be able to combine both those things? >> you do have to wear many hats as an entrepreneur. i would point out that eric smith left google. some founders do end up being able to serve both those roles. >> do you think young people get this? are you young people sort of getting that they need to be more entrepreneurial and great their own opportunities already? >> they want very badly want to be able to walk this path. if you were to go to the average senor, what would you suggest to them as the first step? they're heading down the well-lit paths because those are the paths being presented to

them. if we give them another path that leads them to startup companies, they'll jump at that. we have many more applicants than we have spots in our program and we're only three years old. >> how do you know if you are a quote, unquote, smart person? how do i know i should be building something? >> a lot of it is if you are struck with a problem that you want to solve. if you don't have burning desire, it may be you need wait for an idea that you're passionate about. >> are there high-level policy ideas that we should be pushing that'll encourage people out of the legal profession and into things like entrepreneurship so we have a smarter balance that's better for the country?

>> get them out of the law school. >> i can relate to that. we need to start measuring what our smart people are doing, where our talent is going. we have a one size fits all approach, which is just education. we figure education will address all of the issues we have economically. what we're not paying attention to is what people are doing with their educations. if we start measuring whether people are heading to early stage companies and startups, those companies are not getting what they need to thrive. >> they need to think about the role they want to have after that. >> for sure. i, like you, already went to law school. t >> go ahead. >> the role that people have in

startups, it changes all the time. if you think you're going to have the same job for a period of years, you're mistaken. >> thank you so much for joining us. up next, my thoughts on the real problem for the republican party and it has a little something to do with the conversation we just had. 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. did you run into traffic? no, just had to stop by the house to grab a few things. you stopped by the house? uh-huh. yea. alright, whenever you get your stuff, run upstairs, get cleaned up for dinner. you leave the house in good shape? yea. yea, of course. ♪ [ sportscaster talking on tv ] last-second field go-- yea, sure ya did.

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unitedhealthcare insurance company, which has over 30 years of experience behind it. with all the good years ahead, look for the experience and commitment to go the distance with you. call now to request your free decision guide. the republican party has a problem. it's not their messaging. it's not their failure to appeal to young people, women, african-americans, latinos. it's not their unhinged ranting about this president. the fact that they're entire

economic philosophy has been debunked thoroughly, scientifically discredited. don't believe me? let's consider three of the central tenants. a rising tide lifts all boats. there are still people that believe that nonsense. if you lower taxes on rich people, they'll create more jobs. we as a country we are all in on trickle down. over the past three decades the federal tax rate paid by the richest households, has been cut nearly in half. the rest of the country has not done so well. 95% of income gains since 2009 have gone to the top 1%. trickle down is to good economics as to what leeches are to good medicine.

cut, baby, cut. this one never made any sense. conservatives could only justify it by businesses needed confidence. they did have this one study that they supported this hypothesis. we also tried this whole austerity thing it hasn't worked out so well. budget cuts and debt ceiling standoffs have shaved 3% out of gdp since 2010. even more proof comes from europe. their recovery was completely short circuited by the election of austerity loving workers. europe is still stuck in a recession. austerity leads to growth like

eating six desserts leads to good health. poor people are poor because they lack initiative. this is at the center of our safety net programs. we have to tie all benefits to looking for or holding a job. according to this philosophy, if you give poor people cash, they'll blow it all on drugs, alcohol, and big screen tvs. when a cherokee indian tribe started handing out supplements, poverty improved. research on a cash supplement program found these transfers actually increase productivity and increase the number of hours worked. new research by the economic policy institute shows that the overwhelming cause of poverty in america is not laziness or bad choices. it is inequality. it turns out actually poor

people are poor people because they're poor. next time you hear a republican calling for the president's impeachment, have a little bit of sympathy. they're trying to distract from the fact their economic numbers do not add up and never have. that does it for us. chris christie plays dj and the hits keep coming. it is tuesday, february 4th, and this is "now." >> a little bit like a law and order episode. >> it is new jersey. they're probably stuck on the bridge like everybody else. >> hitting the radio waves. >> he's doubling down that he knew nothing. >> a game of gotcha. >>