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. >> talk abou expecting t unexpected. who would have thought that the highly regarded head of the cia, general david petraeus, would quit his job because of an examarital affair? very disciplined man.. is there a lesson for people in high-profile jobs in n this? >> it is not a lesson they er learn. the idea that it is unusual for the cia direrector toave an affaiir -- t the sainted allenn dulles used to give his wife a diamond every time he commenced a new extramatal l affair. may be the rules are a little fferent -- >> it was a dferent time. >> you c can go forward, , and believe me, there have been subsequent cia directors -- >> do you want to name them? >> no, but i do not understand why the president did not just tell him to apologize and go back to work. >> really? do you believe that? >> he did not give the president a chance. as soon as he found at the store was coming to light, he announced it. >> obama wanted 24 hours to think about it. >> but he in effect said, "i am going to step down," and then talked to the p

. >> you talk abou how banking is changing and the customer is changing and how they use banks. what will the next decade's banker look like that will be different than that kind of banker when you first went into thee business? >> a great questions. i think you will continue to see the personal business side of community banking. like many industries you will have the gll sized banks and community banks. i think the in betweens will disappear because they cannot find the right place. i think community bank -- technology will take a bigger role in it, but i ill think there is no substitute for the personal relationship. as long as i will be in banking, hopefully many years, and walls them around the relationship and personal banking. >> ron paul -- not the one who ran for president -- i am sure you are glad the campaign over so you u can takake your name back. thank you u for joining us onn "washingn business report." a big coratulations to ron paul a and the four other area business leaders whoere inducted i into the w washington bubusiness hall of famame. ter in the show wewe

ezra, let's talk aboue slate for domestic policy agenda. walk us through the one big event, the roll out of the first tax increases of the affordable care act. will we see motor vehiclemeveme issues? >> different category than all the others is that it's law. it's all going to be rolling out over the next couple of years. it's very significant action in congress that would be signed by the president to alter some substantially change it. so you will see a couple of things happening there. one, some of the major taxes will roll out, three big taxes that are going to fund, although not, we should be clear on this, the tax on high value health insurance plans provided by employers. that won't begin until 2018. you will see changes t in the medical delivery system itself. key performance for hospitals in terms of how they pay for services, moving away for pay for volume and towards pay for quality. those are going to roll out over the next year. come the end of next year 13, we will see the massive coverage expansion where many, many, many peop

and charter financial analysts around the world that we surveyed as you say feel petty good abou the prospects for next year. markets often do climb a wall of worry but in perspective we've had resolution of political uncertainty here in the united states. the new political leadership in china appears to be market friendly. we have avoided having southern europe slip into the mediterranean. and so also given other asset classes equities appear to be relatively attractive. >> let's talk about that, actually. because did you ask the people that you survey what are the best asset csse and stks got-- was at the top of the list. let's look at the list here, followed by precious metals, commodities, bonds and cash at the bottom of the list. tell us a little bit pore about those rankings from investment managers? >> sure. and these are charter financial analysts that we survey, our members. they spend their time in the markets investing. and compared to last year, there is more pessimism about the prospect it's for bonds, for fixed income given the very low nominal level of yields. and also

. >> so dwrukd aboyou talked abou go to at lo of events but you are on the outside. well, tonight, you are on the inside. when they started their business they had few contacts in the fashion industry to help them and we decided to change that by asking nanette la poore who has been very involved in new york garment district. >> nice to meet you. >> amazing. >> the next day they got off to brass tacts and starting off with a tour of her headquarters and sitting down with a one-on-one conversation to start the mentorship program. >> you to get in touch with the warning signs that go off, the oh, you know, you see something that looks like a potential mistake and then you bury nit i the back of your mind, and it comes back and you say, oh, my god, i had a sixth sense about that. >> after getting much needed encouragement and advice, they left the meeting with a rolodex of new contacts and optimism about the future. >> you are going to do a great business manufacturing here in new york city, i know it. >> thank you. >> the facilities are here, and you will have more con

, perhaps it is because the mainstream liberal media for some strange reason does not want to talk abouonvenience impact of obama taxes on our middle-class. >> the bill is passed. lou: the house passes the stem emigration bill. some democrats call it racist and pandering. how is that? and republicans also introduced the achieve act. other republicans taking the lead on emigration reforms? i am joined. forget the tech bubble, housing bubble, the student that bubble. the rush to a college education is crushing economic futures. the fiscal cliff now 31 days away, still no mention of sequestration cuts. cuts in the pentagon budget wit deadly consequences? can this congress and this president figure out how to do the right thing? admiral james lyons joins us next. ♪ lou: 31 days until the fiscal clef, the threat of sequestration largely being ignored. automatic spending cuts to the tune of 1 trillion over ten years, half coming from our defense budget. joining me now to discuss the impact on our military, nestle security, we are joined by hammer and -- admiral mes lyons. they to have you bac

that stock up just abou 1 today. piper jaffray calling ale a $900 stock based on fundamentals., but it's got a ways to go after today, appl losing $3.43 on the day, $8 above its low of the session and trading slightly higher in after hours. crude oil prices down othe day for a fif straight session closing at 85.56, the decline in crude also showing up at the pump. the average price of a gallon of gasoline dropping1 cents, and we're looking at an average price of $3.34 a gallon. in the bo market, the yield on theen-year note stands at 1.61%. well, foreign buyers hping at the margin at least to boost our improved housing market. those buyers accounting for some $8billion in home sales over the pastea $9 billionf those dollars coming from the chinese, they're second only to those canadians as the largest foreign home buyers in this country. joining us now to discuss the state of the market, the ceo, the president of citimortgage, sanjiv das. good to have you with us. thank you, lou. lou lao sanjiv, let's start with the overall robustness, the popower of this housing recover. is th

tracy:s anybody talking abou spending or entitlements, peter? >> there making it pretty clear. one statement we got from speakejohnoehner's office today was that the republicans contininue to wait for the president to make specific propals for cutting snding.3 that is at they want. acy: we don't sound any closer to me, but again i am skeptical. down in d.c. grea thanks. traay: the president is going to @ompromise as peter just said. what are republicans willing to compromise on. we have got to ask mike leef utah. i am sorry i am so skeptic. 58% of america don't think w will reach a deal. where do you feel about this right now? >> it is difficult to predict at this point. i don't think anyby wan wants to go off a cliff except the president. he might n only allow it to go there, but perhaps push off has manifested last week by the decision t dop kick john boehner's offer. the tentative proposal befor reviewing it. witheven offing a counter proposal. it is difficult to predict at is poi. we don't want that to happen americans don't deserve to have that. acacy: it seems to me the c

i heard a lot of bonn, abou the tea party. the tea party did not exist in this election.be so much concerin the republican party about the tea party. why was there an idea that you're better off today than you were four years ago and pick 2008 as the year, he baseline, and it was a lousy year. in point of fact, just about everybody is. what o you make? very quickly. >> your immediate questn, yes, we were better off than the depths of being in a whole. president clinton explained the argument that we were climbing t. by that time election day, th percentage of people is of the country going in their right correction,saw the economy improving, higher than has been, ronald reagan when he was reelected. lou: i don't have the time. >> he was there. lou: this is the -- why did he call -- mixing his old boss. why did he not call first governor chris christie who gave him the photo op, four and half hours and a big hug there was persuasive to just about 15 percent of the voters. should that not have been his first document. >> probably did not want to run again. facing a lot of q

but i think that you are right abou this. all ofhe questions or many of the estions that you and others on fox news have been asking were not answered by this report. what i found personally depressing about this report was the repetition of failures that we have seen since the marine compound bombing in lebanon in 1983. how mch time does take for the state department and the u.s. government learned that you need arabic speakers on the ground? or that you need addedsecurity cameras on the ground. for that you need enough people to protect your people on the ground. we have gone over this again and again. the state dertment doesn't seem to learn it, and tat is where i think larry clinton is going to have a problem spewing ambassadorolon? >> when they talk about systemic failure, you have to say who is in charge of the system. e system, the captain of the state is the secretary of state. maybe they didn't want to say that, and maybe a panel didn't mean to say that. that is thinescapable conclusion of that lonn litany of failure

police say on&0+ábou friday hed comments supporting the shooter saying he thought about plotting a similarattack. he's posted an apology. stay with us for continuing coverage of the school'qmi shooting tragedy. abc 7 news reporter laura anthony will bring updates tonight at 5:00 and 6:00. you can sign up for breaking news arerts on 6 abc 7 news.com. >> turning to weather now, temperatures dropping this, is going to be one of the coldest nights of the year. >> yes. we're sure it's going to be a coldest night sh this season, so far, you can see skies are clear, later in the week, big concern is the cold. a freeze warning is in effect from 3:00 a.m. to 8:00 a.m. temperatures expected to drop in that area, freeze damage to crops and vegetation is a possibility. much of the remainder of the bay area is under frost advise riz from 3:00 to 8:00. low temperatures in those areas from upper 20s to mid-30s just above freezing in place that's will not be below freezing. sensitive outdoor plants may be at risk. now, how does this compare to the coldest night of the year? we're going to be cold but toni

the already rich -- lou: what abou the young man or woman in this country who is not an entrepreneur, is not a big shot, is not in middle management in a big corporation. they won a break. they wo an opportunity. they want to live the american dream. why can't the republicans talk to them? >> i hink that they are being talked to. a great speech the other day in which he specifically addressed this aspiration, widespread among all americans to rise up. this is what supply-side economics is. it is surge of economics. it is not trickle-wn as som people caricatured. lou: you have heard that expression for 30 years. >> i never said it. lou: i'm amazed to hear the phrase escape ... but you mention one senator, and a very good one. probably one of the very best in the republican communicators. why isn't a party organized around that very idea and that message and have a coherent campaign for the arts andinds of those who have the mos benefit? >> they get assimilated by washington. the washington culture is than talking the language of big government, and it is a deadly, demoralizing language

. >> you can blame all the commotion on union square today on this. [ band playing] abou about. >> band arizona state take downtown san francisco for co-pep rally 2 schools face off tomorrow in the hunger bowl. 49ers quarterback collin played two years ago in the victory over boston college. coach in nevada is retiring. known for creating the pistol offense under which he thrived he leaves after 28 years with winningest coach in wolf pack history. minnesota texas tech. the check out the kick off return by the red raiders grant. 160 pounds of pure speed. 99 yard kick off return early on for lee. late fourth quarter tech trailing 31-24. 35 yard to even it up in the game just on time. texas tech late field goal win it 34-31. that is a whole lot of meat. annual house of prime

gerri: what i love abou you is that you always say what you think. you don't dress it up. you don't try to make it look better than it is. you tell us what you really think. and i appreciate that. thank you for coming on, and have a great holiday. still to come, veterans are always on her mind, especially during the holiday. we will hear from one man going above and beyond. and i asked some familiar faces around the fox business network what they are asking for for christmas. you will hear some pretty funny stuff coming up next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle thas just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. at your local why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why

we'll be right back. ,, ,, we have learned so far aboue shootings in connecticut.e . >>> welcome back. he's a summary of what we have learned so far about the shootings in connecticut. this morning, the state police spokesman said the violence was confined to two classrooms and a hallway. >> and he pointed out that there is a lot of misinformation going on social media sites, including state messages from the gunman who is now dead. of the 20 children killed, eight were boys, 12 twirls and -- girls and the young was were six girls. all six killed were women, including the principal. the gunman used a high-powered rifle registered to his mother and police say he shot her to death earlier on friday. now, police say she had no connection to the school that is a departure from what they were saying the last few days. >> meanwhile, there is global reaction to the tragedy. pope benedict xvi said he is praying for the family and victims and afghan president karzai expressed condolences. >> and our weather forecast today? chilly. possibly, right? and wet later in the day,

at the end of the day it is all abou money. ♪ .sa: just in time for the new year another round of port strikes are looming. this could affect ports on east and gulf coast that could affect ports coast to coast. dock workers are threatenin to waloff the job on dember 30th at 12:01 on the dot if they can'tome to agreement with management, united states maritime alliance. if this happens, we're looking tens of thousands of people temporarily unemployed. businesses suffering without necessary goods. it could cost the nation a billion dollars a day. linda corn felled is a partner at jenner and block. she is here to break down what can be done to fix this and how businesses can prepare r the potential crisis. linda, well come to the show. let's start with the problem at hand. what is the likelihood we'll see an agreement and not see a work stoppage? >> good afternoon, melissa. i don't kn what the answer to that question is. we hope this will get resolved. if it doesn't get resolved as you just mentioned the economic impact could be massi

anybody want to talk abou august last summer in what will it take to get the house in order?lex, research fellow at the american enterprise institute and former chief economist for the house ways and means committee. alex, here's the thing, it's tax on both plans. >> well, to do go to your opening remark, you're definitely right. the's a short term crisis where taxes are set to skyrocket on january 1st and long term challenges that can want be met with tax increases alone. mathematically impossible. we have health care spending growing faster than the overall economy. there's no tax policy that can rectify that situation. tracy: why spending? why hasn't anybody brought spending entitlements to the table? >> well, i think we have. the speaker is talking a lot about the need to deal not only with the expiration of the bush tax cuts, but to look beyond the next few weeks and looming fiscal challenges and talk about more structural changes, and so there's a host of policy options out there. i'm not sure which ones he's advocating, but with regards to social security or medicare,

>> well the naughty list is meant not to talk about companies in general but to talk abou specific policiese companies so to be on the naughty list doesn't mean you're a bad company. means we're highlighting a policy. this year two airlines are on the naughty list. i don't think we haven't had a year where one airline is the on the naughty list. delta air lines is on there for huge difference between refundable and nonrefundable fares. one of our reporters attempted to buy a super saver non-refundable ticket. it was $248. was offered a refundable one $737. so 500 difference to insure that $248 airplane ticket. gerri: there is spirit too. these e guyswe talk an awful lot about. what was their practice that you didn't like? >> all these extra airline fees, baggage fees and stuff drive consumers nuts. spirit has one where you rry on a bag and can't get it under the seat in front of you and want to you president it in the overhead bin will charge upo $100 for that. gerri: that is a pri of a ticket. talk about for over 21. i was surprised to see this. this is discount retailer. ve popular with y

for ♪ gerri: there is the story out there not getting a lot of attention today that you need to hear abou care about your retirement. ibm overhauling its retirement program. instead of contributing to its employees 401(k) over time,he company will opt to contribute a lump-sum payment once per year. this may not sound like a big change, but the move undermines the very idea of retirement savings. look, the attraction of a fox business is the idea that you leveled out what you pay for in investments over time. stock prices go up, they go down, but over time you average out your risks and your cost. i call it dollar cost averaging. but with ibm's new plan, the advantage of its lead disappears. this would not be such a big deal, but ibm is considered a leader in employee you benefits. the company believes is the trail with innovative policies. and other big companies are sure to follow the lead. now, to be sure shareholders may like to move because it will save t company millions of dollars a year in compensation expenses. but employees who are close to retirement and desperately trying to ma

i'm not, you know, i'm not the grim reaper abou this. i believe are going toget a deal. it's going to be a bad deal because nobody will be happy. the purpose of this is to have pain inflighted on everyone, nobody gets 100%. we'll have tax hikes as well. neil: why i featured the union coming out, is it makes it tough. it's obviously union playing their hands arguing, and they could make a compelling case for this that they helped barack obama get re-elected. brought out the base much more than the republicans did, and they could take credit for that. they are more or less saying in this ad, i think, my opinion, you know us, don't touch us. >> i agree. i'm a son of a carpenter, familiar with the union membership, and how they think. i think that, you know, they have some argumented here, but, rtainly, with respect to this election, they were very portant in barack obama,ou know, re-election process, and i think they'll stand very firm on the entitlements they feel entitled too, and they will hold barack obama accountable if the spending cuts are more than they would like.

i don't mean to make light of this, but when we hearing abou hay thieves it sounded ridiculous.realize how much it is worth and how big of a problem it is i can see why it is happening. how big of a problem is it, blake? >> missouri is made up of 114 counties. each hay theft is handled by the local sheriff. so i don't have any, don't have any statewide statistics but ccording to the ag task force that handles the agrime the third leading thing stolen from farmers in missouri after cattle rustling and, and metal theft or salvage theft. melissa: serious enough problem that we were reading about one instance where local authorities hid a fps tracker inside a bale of hay they thought would get stolen because this is big enough problem they're out there working on this. he programmed it so that it would call his cell phone or the bail was moved. sure enough they found hay thieves stealing a bale of hay. they're trying to get ahead of the problem. it is serious enough that law enforcement is trying to lay traps to catch hay thieves. >> one ba of hay looks pretty much like another. and

thes abo bs abou boss and john . i'm going to shut up so you can hear them. ♪ sweet sounds.rt going to the robin hood relief fund. it's working to bring much needed help to the storm victims and the concert organizers tell cnn that the concert was accessible to 2 billion people via tv and the internet. no word yet on the total amount of money that was raised, but you can say this about these guys, rock on. ♪ [ male announcer ] with 160 more miles per tank, the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >>> new jersey senator menendez is considered a proponent of immigration reform. he's used his voice in the past on arizona papers please law. yesterday he was caught on a different side of the issue. there are several media reports that his office had a college intern working for them, but that intern was in the country illegally and also an aalleged sex offender. the 18-year-old has been arrested, and when senator menendez was asked on

we'll exa abou examine about hog brother is about to impede your right of speech. >>> egypt is now burningere is sandra flack. you don't think that makes sense? the muslim brotherhood are about to trample all over women's rights. where are the women up in arms about the so-called war on women. they stand in silence now. why? we'll examine that question ... next. [ male announcer ] introducing... a new way to save on your prescriptions. it's the aarp medicarerx saver plus plan from unitedhealthcare. with this plan, you can get copays as low as a dollar through a preferred network pharmacy like walgreens -- where you'll find 8,000 convenient locations. best of all, this plan has the lowest part d premium in the united states -- only $15 a month. open enrollment ends december 7th. so call today or visit your local walgreens. >>> it has become a familiar scene. egyptian citizens flooding the streets demanding their inalienable rights. egyptian president morsi and his muslim brotherhood have no desire to expand the freedom of its citizens. they're about to implement syria law. they're protestin

condolences from the vatican to kabul, afghanistan, when we come back. ,,,,,,,, we have learned so far aboue shooting . >>> welcome back. a summary of what we've learned so far about the shootings in connecticut. the state's governor says the gunman, 20-year-old adam lanza, committed suicide as first responders closed in and that he may have indications that he was stopped short from even more of a gruesome attack. >> and of the 20 children killed, eight were boys, 12 were girls. the youngest was six years old. all six of the adults killed at the school were women, including the principal. the gunman used a high-powered rifle that was registered to his mother. police say he had shot her to death earlier on friday. and now, police say that she actually had no connection to the school. there has been global reaction to the tragedy. pope benedict said today he is praying for the families of the victims and afghan president hamid karzai also expressed his condolences. >>> many who knew adam lanza are shocked at what he did. >> they say they do not believe -- they do not believe he could have bee

the owner of an east bay motel wants to reopen after it was closed due complaints abou prostitution. cbs 5 reporter da lin reports on how the other thanker says things will be different this time at the economy motel. >> reporter: under a shutdown order this motel economy inn been shut down until july 31. the owner promises to turn things around and now he has asked a judge to allow him to take down that fence and reopen early. neighbors here say no. >> neighbors say this was a place of misery a hub for prostitution and child sex trafficking. >> her pimp he followed her and actually beat her up on the side of our building. it was pretty gruesome. >> young woman had to jump out of the third story to get away. >> reporter: one time a pimp walked out of a hotel to harass a student. >> followed me to convince me it come with him. >> reporter: that's why neighbors and businesses in this lake merritt neighborhood want economy inn to remain closed. the motel owner and his attorneys met with neighbors to talk about changes. >> we work together and change the neighborhood with major problems.

we'll exa abou examine about hog brother is about to impede your right of speech. >>> egypt is now burning. where is sandra flack. you don't think that makes sense? the muslim brotherhood are about to trample all over women's rights. where are the women up in arms about the so-called war on women. they stand in silence now. why? ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> it has become a familiar scene. egyptian citizens flooding the streets demanding their inalienable rights. egyptian president morsi and his muslim brotherhood have no desire to expand the freedom of its citizens. they're about to implement syria law. they're pr

and that tell you something abóu, what people say to pollsters?ed a u.n. treaty to protect the disabled could cost america its sovereignty, fear not. 38 republicans have protected you from those black helicopters. you're watching "hardball." [ male announcer ] when it comes to the financial obstacles military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ [ ding! ] ...and spend time on the slopes. take al

and when the grandfather died and the father diednd all tas abou it, about the possibility of the arabising and then system collapse. but that is not going to happen. >> warner: professor park, thank you so much and david wright. thanks. >> thank you. >> woodruff: online you can see photographs of the celebrations in north korea and the protests in south korea. >> ifill: we continue our regular look at the intersection of politics and social media. we're joinedded by two journalists from the web site daily download. lauren ashburn is the editor-in-chief. howard kurtz is "newsweek's" bureau chief and host of cnn's "reliable sources." the last time you were here we talked about how the white house and president was using social media's way of arguing this social -- this fiscal cliff argument. turns out he's not alone. let's look at something we've been seeing this week. >> stop instagramming your breakfast and tweeting your first world problems and getting on youtube so you can see gang 'nam style. ♪ gangnam style >> and start using those sprerbl social media skills to sign people up on

we got reports toda a report tot speaker john boehner is willing to increase abou above a million dollarsou like that. >> don't say i like it, but it is better. that means they're listening to small business, low and small business to come to the table because many are not making over a million dollars. but 250, that is something possibly we could make. >> what is your biggest fear? >> don't get a deal, and then get a bad deal, those are the two fears they would have and we would have to make sure that we are saving and taking less money in technology and marketing. jeff: you've already done the math if you don't get a deal, a huge hit for you, what is the impact? >> this it would be 9% increase in taxes. small businesses are llc, they're doing a pass-through to income. maybe not as much as cash. it should not be put in their packet or put in a government pocket. dennis: small business by the way 60% of the new jobs created. perhaps the transmission makes the crank case. dennis: jeff flock, thank you very much. cheryl: the senate is right to debate a spending bill. look at the $60 billion

if we get to the point of these things that need to be done, more people need to talks abou t it. i think it is a campaign that needs to be waged and probably in the center of both political parties to have that conversation. >> it is a lonely center. >> it needs to be talked to and explained in terms of what needs to be done. i do not think that is something that will happen tomorrow. political parties are scared about how tumultuous politics is. the pendulum is swinging. i think they will respond more quickly if we can get that message out there. it has been so long since we have had this discussion. we talked about the government investing in r&d and what that means. ?> can i just mentione >> the whole dialogue has shifted. there has been efficient government. you were in congress 20 years ago. the budget was doubled. that was a great investment. that is not part of the dialogue this year's. >> it is 19% of what was 10 years ago. we tried to do science agencies, a doubling in 10 years or so, which i hope can be done. the best thing is to get around 3% ideally. we are not moving

as concerns abou ccncerned aboul cliff and merges and acquisitions do not hurt.t psychology on wall street in this case in a good way. we are seeing up arrows for the dow, and the s&p, taking the nasdaq have had a hard time. back to you. >> unbelievable day to day. after the hurricane we are begging for gasoline supplies. refiners to the occasion, running at summerlike levels, about 15 years since 2001. a huge increase in gasoline supplies actually saw kind of a bearish number on crude oil or whatever. a build of almost 7.8 million barrels putting gasoline supplies back to normal, that is what we're looking for. i hear you're looking at a bull run. tell me about it. sandra: we're looking at the s&p 500. the dow back about 13,000. this dates back to march of 2009 when the bull market we're i wen in the stock market began. up 117% since that day. hear what some of the major analysts are saying about that. over at bank of america maryland. the bull market will be four years old in march of 2013. the average of a bull run is four years. six of the last 11 lasted at l

it's given me a new perspective on what world arewar ii is abou. them stopping to thank these veterans. it's absolutely beautiful. >> reporter: more than 400,000 american men and women gave their lives during world war ii. those who returned are now in their late 80s or older. for the veterans who have been lucky enough to make the trip to the memorial, "operation resolve" makes sure their homecoming is just as memorable as their journey. >> it's just a welcome home that this generation really never received. it leaves the question, now that you understand this history and the enormous sacrifices that went into making us free, what are we going to do about it? what do we do with that gift, with that gift comes a great deal of responsibility, i think, to live life that somehow begins to be worthy of this gift of freedom that we've all been blessed with. >> reporter: and many of the world war ii veterans who have come here call it the trip of a lifetime. one told me it made his life complete. and norah, by the way, joe demler, the man known as the hu

to start hanging crepe all over the place worried about the president, but we are in fact ror read abou worried about his health an is in the icu and not responding to tylenol and other means of handling ace temperature. he has been on steroids, they a ten ooh wait the immune system. he's 88 so icy immunity system is already attenuated because of his age. we have a guy who may be soup every infectesuper even investigated which may be a community acquired pneumonia. there are all kind of things we can speculate b. the doctors are all concerned about that. i'm sure they are taking appropriate actions. the fact that he's in the icu in guarded condition shouldn't make us worry inappropriately but we should be very cautious. that's what they are saying cautious optimism. that's what i have. >> chairman of the department of medicine at newark hospital. thank you. >> thank you for having me. gregg: a war of words erupting on capitol hill. moments ago harry reid took to the floor of the u.s. senate and blasted the house speaker john boehner a kaoutsing the speake accusing him of putting his car

new book of biblical devotions, game plan for life, he writes frankly about many of his failures, abouhing career was soaring, he was facing private calamities including a real estate deal that had him losing $35,000 a month and spiraling into bankruptcy. >> you made some colossally bad business decisions. >> bad, really bad. >> do you think there are times at which you were flat out going to go broke? >> oh, yeah. >> years of neglecting his health were followed by the startling news that he had developed diabetes which he's had for two decades. years of choosing work over family led to strained relations. would you headacmake the same decisions again? >> no, i would not. i look at that as one of the biggest mistakes i have made in life. >> father thank you for letting us do this and help us be at our best. >> always a spiritual man, he said he found comfort amid his turmoil in his faith. and that's why he's sharing his private trials in this public way. so others can understand his belief that even winners lose when they lose their way. >> thank you. >> i really want to spend the rest

moneycost social security abou year. trust fund is acting as though it has collected that money. charles in hear from arkansas, republican caller. caller: good morning. i am about 80 years old. i put money in all those years. i got all the money back in about five to six years. i've been on the dole. put the money in a general fund to get a vote. that's basically what happened. interest from nothing is nothing. thank you. guest: he is right about what we've done with social security and the trust fund over the years. the money has been collected to make the deficit look smaller. we balance the budget under president clinton. the problem with collecting fewer taxes is that you cannot do that anymore. another issue about paying money into social security and getting money back. we look at the relationship that people have with social security. this is the first generation the left paid more into social security then they will get out in benefits. that is a shift in the relationship that people have with social security. he

yourding super pac's -- just now reclaim your concerns abou an amended money in campaign financing. on the other hand, we saw earlier today had democrats were already oiling up their machines for 2014 and 2016. what are the prospects for repealing citizens united or comprehensive campaign financing reform now that it seems both sides are ready to embrace the idea or at least merged with their super pac's -- knowing the money has limited powers? >> let's stay with that question in the interest of time. i think it is a substantive one p. >> what i wl tell you -- yes, i think the president said during the campaign that we should pursue other avenues to try and restore sanity to this process. perhaps even include a constitutional amendment. but it is also true that no side is going to, given what we just saw, you are not going to see unileral disarmament. it may be foolish to do that. it is not just relative to -- remember, when you are talking about super pac's -- there is a more insidious cousin of vp 501 run campaign ads under the guise of social welfare education and are completely

brandy, the study talked abou the fact it opens up your vessels. >> steve: does it have to be brandye junky stuff. >> steve: you have fine medicine. what about the tea. >> i don't think alone. hon yelemon to. q. it is a great formula for the sinuses >> chris: two glasses of red wine a day. reservatol is good for you? >> i talked about this on sunday house calls twompt things i talked about. coffee which is not our segment. but red wine is goodd for you. it is all in moderation. a glass of this at night is fine. this is a study coming from the british and this is associated with reducing the risk of colon cancer by 50 percnt . three glasses a week is we are finding out more and more. you have to drink a lot of the red wine to get the right amount and no one will put that much red wine in the system because of liver issues. couple of glass size great for you. >> steve: japanese studied a beer company and they figured out one of the elements in bire -- beer is good for you. >> what they are finding in beer. there is something that is a new compound that works against certain viruses. r-

although men are rarely ask abou fatherhood, what is your experience combining motherhood with politics? anyone want to jump into that one? >> first of all, i think we would all agree that we couldn't do this without support from our falies. i know kellys dealing with issues of balancing family and her children at a very young age when i waslected governor my youngest was 10 and she will tell you how it impacted her if you talk to heard today. [laughter] but stephanie, who is here, who is also one of my daughters -- stephae actually took the semester off from college and gave up the fulbright to come work on my campaign. my husband quit his judgeship so he could help me when i ran for governor. so that family support is absolutely critical. i couldn'do it. and ensure that there but you would agree that doing it without that family -- i am sure that you would agree that doing it without that family support would be nearly impossible. see my daughters with seven children between them and struggling with those same issues, we have to do a better job at supporting families. [applause] we ha

how much of this is policy abou?hould we start imbedding security requirements in the design of our weapons systems and the design of our critical infrastructure systems whether it is acquisitions or other initiatives? >> that is a good question. you talk a lot about cyber security. i am happy to represent my aerospace partners. we do share information all the time. that is just the start. we know what is going on. we protect ourselves. we need to share information in order to survive. this is one of those few situations with the defense contractors of its together and realize it is a game we have to play together. in order to do that we share information freely. we talk a lot. we share information digitally. that keeps us all protected. the scope is not big enough. that is a small part of the critical infrastructure. to stretch that out to the other areas i think is going to go beyond information sharing. we are doing something with the information we share. we're protecting ourselves. a lot of companies that had th