mr. fisher still has a legitimate reason to ask for relief. the irony is she is just asking for her hundred dollar backs and the housing deposit, but clearly four justices wanted to see this case on the merits. there's no question that they have -- the presumed five votes that could send gruder in to the ashpin of history, with it could go affirmative action at least in consideration of race. >> how much would it go? is it limited to educational applications or what? >> it depends on how they write it. as you just quoted sandra day o'connor's replacement makes a very clear position on this. that you can't fight race discrimination by considering race, and they could very well adopt that. you do have five strong justices here when it comes to not liking affirmative action and considering race issues. you know kennedy has been more nuanced, he hasn't been quite as strong, but chief justice roberts has been overoutspoken against the use of race. so my guess is the four justices that accepted this case, they have gruder in the cross hairs. they wa

i see great partners in carmen policy and wilkes bashford and mrs. fisherre and the board on behalf of college track, there are so many people that are participating in this because they have the same belief, they have the same knowledge that if we can help take care of those distractions that afford you the opportunity to keep focused on your education, we're going to do right, we're going to succeed, just like randy. randy's going to tell you about his engineering light that's about to be successful. he's going to work on many projects here in san francisco, right? we've got a lot of development going on in the city, successful developments that will have those wonderful jobs, because that, at the end of it, is your prize. going to college is a sacrifice. you will be faced with distractions, no doubt about it. and we've identified those distractions with the college track program we have here so they don't become distractions for you, so you can focus on your education and focus on the goal. that's what i want to do and that will be the commitment of this

mr. fisher doesn't really mince words, he's telling you that as far as he's concerned there's not going to be a q. three, and that's my forecast. i thought the economy was going to do better, i thought it was going to grow and thought it would be strong enough that you would not see a q. three, and it's hard to puzzle out because you have the fed's minutes, but time changes, we don't really know what all those people on the fed think now after having seen the new data. and so we have to listen to them this public one by one register new opinions, and time stamp them. >> susie: so do you like this new fed? all this new information that they're giving, you know, putting out for everyone? does this help investors, does this help economists like you? or is it making things more confusing? >> well, i'd rather know how the fed thinks than what the fed thinks. the problem with this is that we know what the fed thinks about some various scenarios at a point in time, and in fact it's kind of a -- we know that different people think different things. but even if you stick with the main thrust of wha

mr. fisher is misspeaking there, in part, because if you read the minutes, it's a fantasy of many of his colleagues on the fmoc. the market takes its direction from the fmoc. there's two particular categories of doves that the market needs to know about. there are those who have already penciled it in and those who say they are open to additional qe, if the situation deteriorates. the rest of the group is either on the hawkish side or not committing either way. i'm thinking about seven or eight members, between the few and the number, adds up to about seven or eight members in that dovish wing of the board. >> it epitomizes the division in the fed right now, didn't it. i want to get to what's happening with apple shares. a lot of talk about the reverse. it was doing very well at the beginning of the day. they were saying, once again, apple can do no wrong. what went wrong then, jon? >> that's what a lot of people are wondering. you look on twitter, on a lot of the popular apple message boards, people are scratching their heads. but it's right now trading about where it was yesterday, bef

but you can have your favorite guy like fisher. >> there you go. we all knew mr. brady ran the house but jan and peter had a say as well. one trend over the past few years the growing importance of dividends investors buying stocks looking for those stocks with high and hopefully safe dividend yields. is there more to the dividend story than meets the eye? joining us courtney reagan joining us for the entire hour, shame on me for not saying at the top, i was in skonsed. i want to ask about dividend. people rushing into dividends. something like six companies pay 6%, 70 companies pay over 4% in the s&p 500, how important or not is the dividend story to investors right now? >> certainly given the very low interest rates we're seeing courtesy of the federal reserve and bond markets generally, higher dividend yielding anything has a lot of riel venn relevant relevancy. doesn't mean the company's fundamentals are sound. just indicates they're paying a certain percentage of free cash flow in dividends. you have to look for sustainability and growth in that dividend stre

mr. fisher a question that he said was silly but i'll ask it to you anyway, which is, had we not had qe-2e'd be right now? >> you're never silly, andrew. >> thank you. i'll take it. thanks. >> qe-2 if you remember in the fall of 2010, all measures of inflation were low and were trending lower. and if you just look at the data, all those turned around, they came up. so, if the goal was to get us more toward our inflation target of 2%, i think qe-2 was pretty successful in that. other things happened that are the normal things that are associated with monetary easing like higher equity prices and a depreciating dollar. so, i think -- i'm one to say qe is a potent weapon. it has to be deployed very carefully, but it is a potent weapon. >> and it worked. steve liesman, let's bring you into the conversation. you got a question? >> thanks, andrew. yeah, i probably have to ask a question on behalf of my good friend and colleague rick santelli. if he were here he would be, you know, waving his arms and he'd come up with some incredibly colorful metaphor which i'm not able to do, but i think he wo

joined here at the booth by brian mchale who is vice president of technology for fisher communications out of seattle. mr. mchale, what you are going to demonstrate for us today? >> what i want to show here is live television over the air from a station in seattle, that's the accessory with a chip in it to pick up over the air content. you can see we have the guide itself. clear to air. for our demonstration, we have my tv, the c.w. the food network has graciously allowed us to distribute their content and the food network. it was built by a company called agato. there's live television over the air. there's maury. the question we all get, is how can we derrive revenue from this application? you see here, as we flip will you the channels, we have the opportunity to drive advertising revenue from the station itself. the country net is there. >> and when does it pop back up? >> it pops back up here in a second. we have programming to watch what you are -- what's interesting, i can tap the machine once, and i am actually recording that show right now over the air. >> and it will record on to your ipad? >> y

joined here at the booth by brian mchale who is the vice president of technology for fisher communications out of seattle. mr. mchale, what are you going to demonstrate for us today? >> guest: what i want to show, basically here is, again, live television over the air from a station from -- >> host: this device here. >> guest: that's correct. that's the accessory with a chip in it to pick up over-the-air content. so we've got, you can see we have, basically, the guide here itself, various stations are broadcasting clear to air which we can pick up. for our demonstration we have my tv, the cw, the food network has graciously allowed us to ri

we are also joined at the booth by ryan mchale the vice president technology for fisher communications out of seattle. mr. mchale what are you going to demonstrate for us today? >> guest: what i want to show basically is live television over the air from a station in seattle. that is the siano accessory with over the air content so we have got basically the guide here itself. various stations are broadcast which we can pick up. for our demonstration we have itv, cw, the food network which has allowed us to distribute their content and the country network. so what i'm going to do, and going to drop into my tv here. >> host: that is an ipad. >> guest: the application was built via a company called ogato picking up the signal so this is live television over the air. what is interesting here is the question we all get is how can we drive revenue from this application? what you see here is a flip through the channels we have an interstitial which gives the opportunity to drive advertising revenue for the product itself. as we move forward more interstitial as well. the country network is there. and that goes

mr. eddie lampart. >>> back to richard fisher. harken back to one of our other times we spent together, richard. that was when you did call it the great state of texas. i see that all the time. you are an unabashed cheerleader for the way things have worked down there. i told you it was because you have all the energy producing assets and businesses, and you -- you wanted to really make a clear difference in why texas has been flourishing so well. i just wonder, is there any single thing down there that texas has done that we could do on a national level? what's the most important thing, you know, to get this tepid economy moving a little bit better? what can we learn from texas? >> i think the one difference is, you see it in the movement of businesses here, movement of people here, we had almost 7,000 people move to our state last year. why do they come? why do businesses relocate here? the way the government is set up it meets first of all for 142 days every year. some wish it was two days every 140 years. that's not going to w

fisher and ron baron are with us. ron if we get a greek deal and you are mr. we canities, what do y you are mr.he last decade has been the worst decade in the entire history of the united states in the stock market. it's worse than the 1970s and worse than the 1930s. as a result of that, what's happened in the past ten years, stock earnings have gone up 2.5 times, stock prices have gone up 20% so stock prices are half of what they were then, valuations. that's the reason that larry fink and byron wien think stocks are attractive because they're unbelievably cheap. when i hear about the news and the negativeism that's everywhere, i say my god, you know, i like the ad that was on television on the super bowl with clint eastwood, halftime in america. that's what i think. >> gary we have to make note of the jobless claims numbers which are substantially lower than what was expected by the market. we were ready for a 370 and change number. >> this feeds into what byron was saying the economy is going to surprise to the upside. we're going to be pleasantly surprised here. and you say what? lower than