what i would tell people, to answer your question directly, if we get no armageddon, which it appearsight now we may not get armageddon, if that happens, let's go back to greece, jamie dimon said the effect on the banks in the u.s. would be nothing. i think if we don't get arm g armagedd armageddon, i think 11 and 12 times earnings for some of the world's great franchises, they have truly priced in all of the fear out there. >> all right. i'm going to leave it there, gentlemen. mike holland and keith mcculla. thanks for the update. next up, the american embassy in syria shut down. saber rattling between israel and iran heats up. are we going to see another military conflict in that region and might it blow up the whole financial markets? "the kudlow report" will be right back. ( today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are

his last words were, "we stand at armageddon, and we battle for the lord." and i think in 2012, both sides actually are going to believe that we stand at armageddon, and we battle for the lord. thank you very much. >> before we go to the audience for q&a, any response? any general comment amongst the panelists? >> i'd go ahead and open it up. >> no, i just want to point out, i think e.j. said it very nicely, is i think the debate here is we have to stop setting up straw men. either nationalism and community or complete and utter radicalism over here. the debate we're having is what is the consensus. and the argument, the claim of my progressive friends is that the consensus from the founding fathers have essentially been their consensus. and it's an unbroken beautiful evolution of progressive programs. i don't think that's historically accurate for one thing. and i don't think it's really fair to the kind of debate we're having right now. i mean, we are debating about that consensus. it is a balance between public and private, all the things you mentioned, i

back and the whole thing is that in the israeli connection they have this obsession with armageddon kind of frightening and they're back and people like santorum and gingrich they want these guys in office. making these decisions frightening frightening. and it's it's funny to use the word armageddon because we saw words similar to that in last night's g.o.p. presidential debate where the candidates took turns kind of pandering to their base and talking tough when it comes to cracking down on syria let's take a listen to what rick santorum had to say. we are going to have a cataclysmic situation with and a power that is the most. prolific political radar of terror in the world and here is mary romney celebrating the demise of the syrian leader one little piece of good news and that is the key ally of iran syria is is has a leader that's in real trouble and we have to grab a hold of that like it's the best thing we've ever seen. so michael when we hear things like that how can we expect their foreign policy approach to be like especially when it seems like they're not at all afraid of jum

no armageddon in europe, is that the second positive point? absolutely, maybe bigger than the first one. the less tail risk kept valuations on risk assets very cheap, larry and as that probability continues to shrink, equity valuations move up. stocks are still cheap. you can buy the s&p 500 and get the yield very similar to the ten-year treasury. how often can you do that? there's growth in stocks and there are no growth in bonds and i get a call option for free. >> i thought i was being very moderate. an 8% rise in profits and we've had 20% plus gains and i'll plug in another 28% and that's how i get another 14,000 on the dow. i'm assuming no collapses in europe and no armageddons and so forth. why not? >> if europe holds together, i don't see why not? >> we had a target coming in when the market was 1225 in mid-december of 1350 plus. we said plus, if europe holds together. profits themselves get us to 1350 and if europe pulls together we get valuation improvement and that's exactly what happened. >> that's exactly what happened. jack bourou

. >> you are new around here so i have the snow excitement factor. 0 is nothing, 10 is like armageddon >> what are you? >> it is about three. >> all right. >> we could have some accumulations. >> i am happy for you, adam. >> after this winter, and the snow would make its way up the chart. >> it does redefine the chart. look at this time lapse. a beautiful sunrise. we are on the upswing in terms of daylight. not a single cloud in the sky. straightforward weather. high pressure overhead. high temperatures are right near 50. the nearest cloud cover is in west virginia. that is the thin, high cloud cover. the precipitation is off to our west. some locations in colorado so far have measured over 20 inches. we are not looking at anything near that, but we could have snow move through super bowl sunday. here is the set up. it is moving friday, and now, at noon and travel eastward. it looks like as of now it will get some help from some opera level energy -- upper-level energy. this will phase in with this system, just to the south of washington. sunday, that could transition rain from saturda

we could unleash a terrible armageddon in the middle east. you look at all the options. do not think we are there yet. to get to the answer to your question, what happens if israel strikes a round, i am not smart enough to tell you how about plays out, but as to how it affects the united states, it would drive the united states into a situation where we have relationship with israel. it would drag other nations into this, which could get completely out of hand. you are talking about hundreds of millions of people. these things have a tendency to get well beyond the ability of any nation or set of nations to control. right now the obama administration is doing the right things with our allies. tavis: well we are walking on eggshells, we have to deal with what we already engaged in- house -- engaged in. defense secretary panetta has made it clear there is a new timetable as he sees it. how do you assess that new timetable? >> i know that has subjected the secretary and the administration to a lot of new questions, but i think we have to look at a couple of realities. this

it's armageddon like.f i was there and didn't know what this was, didn't know it was a dust storm, i would be like that's it, see ya. >>> the gas pedal and brake pedal are so dang close, man. know what i mean? >> let's go to kalkaska county where an elderly woman backed her car into the front of a save-a-lot grocery store. she caused $5,000 to $10,000 worth of damage to this store. >> not to mention her car. >> she wasn't hurt. we talked to the police in this area who are investigating the incident and say the elderly woman said my gas pedal stuck under my right foot which was firmly planted to the foot. police said it's a new car. sometimes new cars have defects and that could be the case. they are looking into it. >> can you see brake lights on? >> no brake lights. definitely reverse lights. >> definitely. >> maybe this was her first time in reverse and once it started she panicked and didn't stop quickly enough. >> some commenters on the story are saying time we take licenses away from the elderly. it's

. >> well, it's cold and two years ago today we were digging out of armageddon, snowmageddon.k on february 5th and 6th, 2010 when we had that monster blizzard that hit us, the second wallop of that winter of '09 and 2010. here this morning no snow. everything is tranquil and peaceful and quiet. and temperatures right now under a clear sky, 32 degrees at ronald reagan washington national airport. it's dry. you'll need skin lotion today. it's cold. down in the 20s throughout much of virginia, west virginia and maryland as well as even right near the chesapeake bay. one of the coldest mornings of the winter so far right near the bay. down in the upper 20s. bay water temperatures in thor 30s. ronald reagan washington national airport at 32. but elsewhere in the district of columbia, in the 20s. fairfax, arlington, and rest of maryland and into west virginia it is in the 20s and frosty cold. little bit of fog around this morning in the shenandoah valley. watch out for that. clear sky around the region. high pressure has moved in. will give us plenty of sunshine with temperatures st

. >> every day looks like armageddon.his is a town that never stops burning, turning out iron and steel around the clock. the snow here is black with pollution. but people's lives depend on the factory's. it is the instability they fear most. he has or that the local metallurgical plants for 50 years. -- he has worked at the local metallurgical plants for 50 years. he supports the president. he says working people do not want revolution. we want stability. and that is why we support putin. at the factory up the road, they pledged their loyalty to mr. putin live on television. this worker offered to come to moscow with his mate to cape -- to take on the anti- government protestors. the metal workers here are not marching on moscow. today, they are taken the original train to the -- taking the regional train to the capital. there are no white ribbons, the trademark of mr. putin's critics. the symbol here is the workers glove. he pays our pension, nikolai says. he gives us bread and cheese. that is all we need. as for the we

. >> every day looks like armageddon. this is a town that never stops burning. the snow here is black with pollution. people's lives depend on the factory's. it is instability that they fear most. this man has worked at a local plant for 50 years. he set up a workers' committee to back vladimir putin took to the protest in moscow did not reflect the mood of moscow -- do not reflected the mood of russia. we don't want a revolution, we want stability. that is why we support putin. at the tank factory, they pledged their loyalty to mr. putin live on tv. this man offered to come to moscow with his friends to take on the anti government protesters. today, they are taking the train to the regional capital. there, they join thousands of other workers from across the region at a pro-putin rally. the symbol here is the workers glove. this is a direct response to the young and middle-class in moscow who have been protesting against the government. away from the capital, the working class have faced in vladimir putin. -- have faith in vladimir putin. the crowd here was sma

seemed to dredge up prime ordinaryal superstitions, nothing less that control the heavens at stake, armageddon. final and decisive battle for the forces of good and evil. against that backdrop, john glenn didwhat america most needed, became an authentic american hero and spate program literally lifted the country's spirits, put us in a place we have never been before and confrontized the highest inspirations. chris: we saw it as a way to demonstrate to the soviet union and world, we have a better system than they do, better science. are we ready for an iconic figure that can lift the country like glenn did? >> i was going to say, thinking about john glenn in that period and what changed since then, indisputeably one of the things that changed is sort of the state of government really disappeared in our country. so we don't have the same kind of national figures that are kind of government figures, figures that represent the whole country. here today are private sector people like steve jobs. chris: billy gates. >> create great things that don't necessarily represent the country. chris: you go

perpetuate a terrifying scenario for new york city officials in washington have thrown a wrench in this armageddon theme type news narrative by stating the facts about iran there are surrogates who are revelations of a much less threatening tehran was recently disclosed during intelligence briefings the agency assesses iran isn't likely to initiate or intentionally provoke a conflict they continue to develop their enrichment capability. but they've made a decision to proceed with developing a nuclear weapon. many experts have labeled iran america's new iraq critics then and now say washington paves the path and corporate media plugs the message was iraq. you know. again it doesn't matter if it. is some of the bush administration it's the same strategy it's all well there might be things but on new york there are no know the intelligence so well no it's not really credible don't know it's making a material. jack up is worked only goes well when you combine all characters together that you get is a meeting where they want to impede the most story. could you can scrutinize it but instead if you have

can't get anything from a cd today and europe is about ready to bottom out, it's going to have its armageddon day and these are great companies to own with great dividend yields, telefonica is a great emerging market player if you want exposure to brazil and latin america. >> tom: do you own everything we mentioned here tonight, hillary? >> yes, i own them all. >> tom: great. you can send us your questions, we've got an e-mail address for you. thanks, hillary. >> pleasure. >> tom: a business i day tis first dave february. thank you for joining us. we'll see you an line and back here tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

everyone's concerned about this and there's all kinds of war and negativity and armageddon - we'll talk about that. but hers was so poetic and so deep. her roots were very, very deep, and you get with a person like that, and you know what's going on. you can talk in a religious studies session about religious experience and we can create types and means of looking at them, but you get to talking to the believers, which is why i so much like to bring them in - even if we have to see them in video, we know we're getting somewhere. as we move through the semester, you can test for yourself, but we will have guests in here and see how things are as we move through them. yeah? janet? >> it was funny that you brought up the word cloister , because i grew up on the south side of chicago, and it was bungalow house, one after another, but a full block was an order of nuns that were cloistered. and growing up, they had opened the doors to the community, and they had a grotto there with the blessed mother. and then, in our family, anytime anyone was sick, my mom or either my sister or i, took a no

your risk team is putting together what is essentially an armageddon plan for the organization. and you want the committee to believe that you had no direct involvement in the creation of the plan, you never saw the plan until very recently? >> again, sir, i mentioned that the contingency plan such as that was certainly sensible. and that is, you know, i'm just giving you the stated truth of my involvement in it. >> thank you, chairman. >> mr. miller, five minutes. >> thank you, mr. chairman. in response to your questions, you said i only spent an hour with mr. roseman and that the subject of the concerns about the sovereign debt positions did come up. but you also knew that you were being hired from the outside to replace a cro who was being asked to leave. did you have any conversations in your interviews about why mr. roseman was leaving and if it had to do with his risk appetite? >> in those conversations, we were -- it was congenial meeting. we talked a little bit -- it was a congenial meeting. we talked about the concept of my being hired was really related to the company'

for any nation like greece to leave the euro zone it would cost so much more it would be economic armageddon well the report that will blow up the euro zone yes the pv the far right party in the netherlands commissioned lombard street research to examine the cost of staying in the euro versus returning to the guilder now essentially what lumbered street research found was that the costs of break up are wildly exaggerated and that the cost to the netherlands and germany in particular for staying in the euro are huge due to what they call unrequited transfers. and last purchased power charles dumas from lumber street research says the dutch people have lost thousands of euros in purchasing power per year since the currency was introduced so a lower euro has indeed they say helped german manufacturing exports for example but the actual german citizen their purchasing power has been declining the dutch purchasing power has been declining excited no one in the netherlands they tracked us a bit in the paper i love it they say purchasing power and they track it up and down the never seen any other

perpetuate a terrifying scenario for new york city officials in washington have thrown a wrench in this armageddon theme type news narrative by stating the facts about iran. revelations of a much less threatening tehran was recently disclosed during intelligence briefings the agency assesses iran isn't likely to initiate or intentionally provoke a conflict they continue to develop their enrichment capability. but they've made a decision to proceed with developing a nuclear weapon. many experts have labeled iran america's new iraq critics then and now say washington paves the path and corporate media plugs the message. that. you know. again it doesn't matter if you. should reserve. some strategy it's all well there might be things work on new york no no the individual so well no it's not really credible it's making a manager. has worked oh it goes well when you combine. to get it you get is a meeting with everyone to impede the march to it with critical scrutiny i was a little scared few at m.g.m. by the way when you see the time and time again and will see it again there were according to recent p