and as father barron was saying, a very different moment. been papal abdications before, but they were under wholly different circumstances than this. >> and let's be clear, this is not just a role as spiritual head of this church, this is a managerial position of a very, very large organization, and the managerial style of pope benedict has been under some question as you're well aware this last couple of weeks. are they looking at each other through the eyes of a manager at this point? >> i think that's one of the considerations. number one is someone that can evangelize, that can have that winsome presentation of the catholic gospel, but i think they are looking for somebody with managerial skill. we talk about priest, prophet and king. sanctifier, teacher, governor and ruler. a lot of cardinals have been talking about that governing role has to come to the fore. i think that's very much on their minds. in some ways the expectations of a pope are unrealistic. you have to be an evangelist, a ceo, a manager. >> when we cut to this picture,

they're operating by robber barron rules. >> there's room for agreement between the u.s. and china. >> jack lew's obama's treasury secretary just completed a two- day china trip in which he warned the chinese about cyber attacks. china's new premier listened but refused to acknowledge the chinese government's role in rehearsing cyber sabotage. >> john, this is where you have to retaliate. we go over there and plead with these guys. they're operating by robber barron rules. they manipulate their currency, they do all kinds of rogue state things in commerce. you have to hit them with some sanctions. >> right. and to reinforce what you said, given that the new president has endorsed china's goal of military supremacy over the united states, it is clear -- is it clear that china is on a war footing? >> no, i don't believe they are on a war footing. they are on a commercial war footing. that's what they are. they're all focused on their domestic economy and growing their domestic economy. by the way, it's working well. they now ha

last year barron was cut by seattle in training camp the 30 year old barron does have 75 career starts, split between left and right tackle - but is obviously a longshot at best at this point in his career. after being slighted by the denver broncos, linebacker elvis dumervil has left for greener pastures, inking a 5-year deal with the baltimore ravens worth $35 million. a week and a half ago to keep him in denver after dumervil agreed to a paycut from $12 million down to $8 million per year. but his 6 minutes late so denver voided the contract and then and offered him less today dumervil said he shoulder, it's more like a tiger woods nike has a new online ad with tiger woods which some folks are calling irresponsible. the caption on the ad reads "winning takes care of everything" - referring to tiger's fall from grace, all the way down to number 58 in the world, which coincided with revelations of his marital infidelity now tiger is back at number 1 for the first time since october 2010 and everyone seems to forget all the other stuff rory mcilroy is the golfer tiger bumped from the n

it is go proud co-founder chris barron and he is wearing a baseball jersey of some kind. good for you. he and his imaginary girl friend are celebrating their 10-year anniversary. congratulations to my sidekick, bill schulz. and if musical genius was a lua i would -- lieu would you i would do him on the beach in hawaii. andrew w kay, kay, kay, kay. >> a block. the lede. that's the first story. it is a felony to keep me in here any longer, greg. >> no one can hear you. maybe they can. anyway, he is surly as a dad and twice as a cad. it doesn't fall far from the tree. sean penn's son was caught on camera slinging racial and gay slurs at a black photographer. hopper penn came unraffled as he entered a beverly hills office building moments after his paparazzi pop. behold those who behold things. >> are you kidding me? don't ever do that, dude. you are a kid. you are a kid. don't do -- what? that's the stuff are you teaching him, sean? >> hopper who is named after grain rock or trash issued a statement saying, quote, i was accosted by paparazzi and made to feel like an animal t

. >> thank you, father robert barron, if you could strip down the last five or six days for this new pope, they could not have gone any better. >> it's historic. he chose the name francis a few days ago, and he has been ringing in the changes. today, i heard eight separate references to the protector of the environment, the protector of creation. brother, sun, sister, moon. he has just been ringing in the changes. >> maria, you have been observing the differents, and i know u you were watching closely, what struck you? >> i think he was so inspirational. i think by choosing the name francis, it's a very famous name, but he talks a lot about forgiveness, saying that people need to ask for more forgiveness. he talks about authenticity, and today he also spoke about what is true authentic power in service. i think these are the words and the messages that people around the world are longing for. >> and we're watching, we want to mention you're back with us on the "today show" in just a short while, and you're going to look at what women can offer. >> much more head coming up on the spec

a new chief executive in the line to see the stock is up 6.3%, all of this according to barrons. can't leave out an upgrade to outperform from underperform. so that's, obviously, one that we'll be watching on a day where, clearly, all-time record highs for the dow jones industrials. liz, it'll be an all-time record new high for the dow across the board. you're seeing plenty of winners, citigroup and wells fargo are hitting 53-week highs, fedex and plenty of dow components hitting multiyear highs. so i don't normally walk around with this big drink, but today was one of those desperate days where i needed a lot of caffeine, so i went for it. of. [laughter] liz but it's diet, right? you don't drink full sugar. >> reporter: i would never drink full sugar. liz: well, that's what he has the problem with. >> reporter: its depends how many hours are you drinking it over, and the second thing is for kids i'm really -- liz: oh, not allowed. i don't know why people would ever let their kids drink sugar soda. thank you very, very much, nicole. we made it through the fiscal cliff, we survive

the day afterwards they were upgrades, goldman sachs, bmo capital to name a two and last weekend barron'swas a great opportunity for long-term investor, so weather and lance armstrong's debacle were factors in the miss and if you buy into that, that's a stock buy into moving forward but, then again, have you to buy into that thesis. names out there that do have a way to go with upside potential. >> is springtime a good time for the sporting good companies? >> you would think it would be their sweet spot. >> baseball, golf, lacrosse. >> swimming. >> and especially these terms. a lot of people haven't figured out how to online shop, want to feel and hold them. dick's does well in the spring. >> canada, big news north of the border. we're listening to "o canada." >> a great anthem. >> it is. dropping its 18% tariff on hockey gear, eh, made outside of the land maple leaf. it's been a big bone of contention up there because now most of the gear, of course, comes from asia. we're talking all kinds of equipment, from the skates, all the way to the helmets, pads, girdles, yes, hockey players wear

father bob barron says this is a shift in emphasis. >> will we get rid of st. peter's a basilica? no, but i think we might put a stress on the outreach to the poor, our own humility in presenting ourselves. >> reporter: these three seminarians are studying at the pontifical north american college. chris kirsch, who worked in government. former musician jared twenty. and deacon jeff walker. he joined the cemetery in college and will be ordained in june. why did you want to become a priest in an era when the priesthood has been under siege? >> god works through all sorts of different circumstances. that he's maybe using my vocation and our vocation to bring healing to a world that desperately needs it. >> my hope in all of those interactions that i have with people is to improve their view and their -- for it to be humanized for them. >> reporter: can you make the priesthood better? >> i think you see in the three of us, you see guys that really want to bring a sense of joy into the world. and i think by a smiling face, by not being afraid to get to know people, and we can bring a s

art barron shows us how the wreck is hitting the sailing community hard. >> reporter: this is the dramatic rescue of crewmembers off the rocky shore of san clemente island. it was taken by the u.s. coast guard friday night at 11:00. tragedy struck when the rudder failed on the boat in a race. the six people abandoned the vessel around 9:30 last night in rough waters. >> i know that we are all feeling the loss of this tragedy and it is a very sad day. >> reporter: this photo shows the sailboat's uncontrollable urge at the start of friday's race in belmont shore. the general manager of the newport harbor yacht club was shocked to learn of the accident which claimed the life of 36-year-old craig williams of san diego. >> heartfelt sympathy is where our minds are right now for the yachting community. we're small community, and it is important that everyone knows that we are grieving for the loss. >> reporter: the vessel uncontrollable urge is seen in this youtube video. the owner and captain, james gilmore, was among those rescued. he and the five crewmembers were taken to a hospital in san di

look at other industrialized western countries who are taking the initiative to fight their robber barrons one of them is switzerland now let me set the backdrop really quickly recent there been proposals all across europe to cap the salaries of those in top management positions but switzerland has take it one step further sixty eight percent of people in the country just voted for serious curbs on a corporate wages and a bill dubbed the ripple of voters approved giving the shareholders a say on executive pay but also banned the use of golden parachutes or huge bonuses and packages for executives joining or leaving the company mandates annual reelections for directors and threatens three years in jail for those who violate the new rules imagine that jailing people who violate laws the fact that so many people in switzerland have spoken out that they mean business the best part is that this bold move is encouraging other states to ice similar restrictions but what about us yes our government might be largely consisted of empty suits working to do the bidding of the banks but if switzerland

originalists chorus you could be you could buy heroin in the drugstore in fact it was a brand name of barron comes with the help women deal with and for children from across the right of a state government in the united states to be able to ban that product is clearly and unequivocally constitutional now there's a different question here the wonderful what's good public policy and the wonderful lesson that the europeans show us in so many areas once again some crackpot idea let's let people have access to smoke here and instead of injected heroin if we follow the europeans down that path we follow them down the path once again of a direction this harmful for our country we're already. seeing the spike in marijuana use by teenagers in colorado just after passing the legalization there this is i would rather see teenagers smoking pot than either you know i'm sure progressives would love to see it nobody's going to i think any any any physician in america would rather see teenagers smoking pot than drinking alcohol but i don't know you made wasn't in amazing weren't we're not i'll bet if you we

it's 6-foot-8 inch, 315 pound offensive tackle alex barron who hasn't played since 2010.-round draft pick in 20 05. the 30 year-old was benched ante stuff suffered a kneecap injury and seattle caught him but now he is trying to make a comeback with the raiders. also, to rebel - elvis dumervil and the bro ncos had a verbal agreement but his agent faced the pa perwork just late by 6 minutes ...when we come back. an update on the big world cup qualifier between the united states and mexico plus. why some people are calling a new tiger woods ad irresponsible. don't move.back in a moment. ♪ >> tiger woods is back on top the golfing world.and the sponsors are starting to come back of course nike never left him.and they have a new ad that some are calling irresponsible. >> rory mcilroy: i have not spoken to him and a couple of weeks. i congratulated cam. but that was it. [laughter] some useful advice. >> soccer. a huge world cup qualifier for the united states.taking on mexico at azteca stadium in mexico city. .a place they rarely win at. currently.scoreless at halftime.highligh

does he want to hammer out a budget deal that speaker barron has wanted to do? does he really want to get something done on immigration? or will he find a reason not to do it because his labor union boss buddies tell him not to, or other folks in the coalition? that's the question with president obama. does he want to be at this time big leader on the big issues? or does he want to keep beating the heck out of us politically -- he is doing a great job with that? >> chris, last word? >> you know, i love matt. i love how hew he -- >> thank you very much. >> he puts all the uinous on the president. but let's be frank here. the reality, the republicans have to meet him halfway. they have not. they won't do it on the budget or gun control. they won't do it on sequester. they won't do it on immigration. the president's not a dictator. he can't force compromise-- >>> all right. >> the reality that the country wants to move in a different direction. the republicans haven't come to term with that. until they do, they will continue to fight and, basically, scramble to fig

there are some people, naysayers, barron's said you were a house of cards. i look at it this way.titor just settled a claim, and a lot of people thought they would pay tens of thousands of dollars per claim. settled $5,000 per claim versus $70,000 that countrywide was asserting. i have to believe you won't have to pay anywhere near these naysayers say you have to pay. >> jim, i can't comment on any negotiations and discussions we are having. suffice it to say that we all look at the same factors and we all are trying to get our legacy behind us, and in our case, we have also focused very heavily on writing new business to the point where the new business that we have written since 2009, very profitable, high quality business, will shortly make up more than half of our book. >> okay. by the end of the year, could be more than that, but let me just -- let me go back on this a little bit. how about this? you look at what competitor ended up having to pay, and you look at what you're reserving. it would be substantially better if you ended up paying what your competitor did than what

>> charles barron is talking nutty from the left. the truthers are talking nutty from the left.inds of conspiracy theories. one thing i think is important and that is conspiracy theories and the decoupling from our democracy occurring on both sides of the political spectrum. saying bush was the antichrist as is obama possibly. >> i don't buy that it's symmetric here. there are more birthers than truthers. >> that's right. the idea there's an equivalency of the far left and far right i think is ridiculous. i agree with brian on that there are conspiracy theories on both sides. >> this argument will continue -- >> the internet -- >> brian, perhaps i could talk a little, too, huh? >> we have conspirists on the lift. look at the truthers. look at all this kind of stuff on the left. we have it on the right as well. what i agree with mark is is that it is much more mainstream with regard to the institutions of the -- >> the republicans put in their platform, that's the difference. mark, your last thoughts quickly. >> just that. look. it's the republican party that has adopted the agen

for a child as young as four years old to be able to wait 15 minutes in a room that's deliberately barron, deliberately extreme, there are no distracters, she's got nothing to entertain herself with. what we found here that was surprising was that as these children at standford where these studies began, were growing up it became clear that they were different in ways that actually connected to how long they were able to wait initially. and i began to do followup work to see if we could find corelations between how long the child waited in this situation at age four or five, and what was happening to them when they were young adolescence, when they were 12 years old, 13 years old and so on. and that was the beginning. and we found to our surprising that beginning in adolescence there were very strong corelations, much larger than we had any reason to anticipate, between second of delay time and outcomes that were very important, including at age 16 and 17 nair scores on the scholastic aptitude test, which are very important for admission to college in the united states. including things l

at mariner wealth advisers and number 4 on barron's top 100 financial advisers.fast money" adviser tonight and will bring you the best ideas for a longer-term asset allocation and retirement planning. great to have you with us, bill. >> pleasure. thanks for having me. >> how should your portfolio look in this kind of a market? >> the area we're looking at right now as far as fresh capital is concerned, we're asking ourselves the question of has the train left the station as far as the markets are concerned? we really don't think they have. but the area in the world we're look at -- and we really look worldwide for opportunities, and the opportunities we're seeing right now we're looking for quality and growth and also valuation. the area we're look at very closely are the emerging markets. and this is an area that a lot of people haven't talked about over the last year or so because the emerging markets in dollar terms are down about 1% over the last 12 months as compared to the s&p and the efa index up 10% or 11%. we think there's real opportunities. selected op

barron's had a big article about it. >> she's looking to capitalize now on at least -- >> sandisk isit's in contrast to her other names like intel because sandisk is expensive here. at the end of the day, it's a memory company. i like it. that's a commodity, depending upon where capacity comes in and goes out. so i'd rather buy it on a dip. in terms of other names, intel, that's a story -- it's as unloved now as it was a year ago. >> to that point n this type of market, you have to be where the momentum is as opposed to the value at this stage in the market. those are the names that continue to do well. the stocks hitting new highs and continuing to hit new highs. >> let's hit "pops & drops." dick's sporting goods. >> i'm not as enamored with dick's as simon is. but the quarter is weak. if you look at how weak it was, we had a very warm winter. i'm going to wait for it. i wanto know how much gun sales really helped them. i may buy it lower. >> genworth financial? >> a good article over the weekend saying the valuation of this stock isn't being recognized. buy it. >> the virtual doc,

father barron, this is a gentle man, a humble man. he's been called authentic especially over these last five or six days, let's be honest he doesn't, he's going to have to be a rather tough man to shake up this church in the way a lot of people want it shaken up. >> absolutely. he's a man of franciscan simplicity. the clear indication was we need a pope who with clean things up, make personnel change, bring greater accountability, transparency, and make no mistake, they chose him partially for that reason. so he'll make some tough moves. >> we saw the scene where the new pope was surrounded by some members of the old guard church hierarchy. we should expect to see some of those people changing roles. >> i wouldn't be surprised at all. he didn't re-up all the heads of the curia offices, only in a provisional way. that's telling. he said you're in for the time being but i'll pray and reflect and make my own decision so i wouldn't be surprised if some disappear. >> maria he's 76 years old, older than some people expected a new pope to b

father robert barron is an n br c analyst. nice to see you. >> weather has improved since the last time. >> a little rainy when we were there. let me ask you about the style so for. he is demonstrating humility, sense of humor and those are style lis particular things. how will that translate into how he will lead the roman dat lick church? >> i think we're seeing the style. they call the preferential option for the poor. the bishops in 1968 gathered and put that forward as a defining element of the church and it was picked up by john paul the ii and i think what we heard is that the church exists preferentially for the poor and he is putting a face on that idea. that's a powerful dynamic. >> it shows a managerial style to the extent he told 230eks don't come, use the money and give it to the poor. what does that say to those that work at the vatican about the kind of boss he will be? >> quite a bit. pope benedict says itty advantage lies, worships god and takes care of the poor. if that's one of the top priorities of the chur

scott black is a member of "barron's" round table and the founder of delphi management.ays great to see you. >> thanks for inviting me, melissa. >> let's get your take on the overall market. you say there could be serious headwinds. sequestration is one of them. is cyprus among those headwinds in your view? >> cyprus shows how fragile the system is. i looked up the gdp of cyprus this morning. the smallest state in the united stat states, sign vus smaller than amount. they leveraged their bank assets to roughly 23 1/2 billion in gdp. this isn't spain or france or italy or portugal. it just shows you how the quick reaction to such a negative seen the and this is just a drop in the bucket comparatively to some of the other problems in the euro. mario draggi probably six months ago said they're going to support the euro and everybody thought -- the fact sufficient the highest unemployment in the euro zone. over 11%. and there are strategic problems there. they're not going to come out of recession probably for another year. and it's just the tip of the iceberg. the other thi

no, what we're looking at is barron's is reporting it could rise 25% over the next year. stuart: i do. i think it is a great store. i like the definition of product, very very good. move on to blackberry, please. is this a winner as well? nicole: this is a finally moment. finally, yes, it is a winner. the stock is a big winner. finally now because at&t is going to launch the blackberry 10 for $199.99. presales begin on march 12th. finally we get the real date and you can get your hands on the blackberry 10 finally, which is long awaited. the analysts were so critical that they had the original announcement, and the launch of the actual product was so far out, it was weeks and weeks later. they've lost some momentum a little bit. stuart: yes, they have. nicole thanks a lot. dow still down a fraction. interesting after four straight records last week. let's get back to the story on corporate profits. new numbers from the "wall street journal" show 60, they picked out 60 big corporations. they found they have a total of 166 billion dollars parked overseas. money that's over

john barron. >> mr. speaker, i urge caution. human rights have said by arming the rebels we could be arming the terrorists of the future as well as escalating the violence. but would i bring the foreign secretary back to his comments over the weekend which did clearly indicate a change in thinking when it came to nonlethal support. to what extent were his comments a reflection of the fact we now get reports that president obama is thinking about changing his policy on this issue? >> i'm not aware of any inconsistency in what i've said. in fact, throughout i've said we don't rule out any options. i've said that for two years. and it would be a strange thing, indeed, as the situation got worse to start ruling out options when we've not done that at any period. so that's what i said today, and that's what i said at the weekend. but what we're actually proposing to do is what i've set out today, and my honorable friend will know from the announcement that secretary kerry made that it is closely related to what the united states has

in the next of ministration, angelica van buren is the hostess for her father-in-law, martin van barrona widower. will take your calls and comments, live on c-span 3. also on c-span radio and c- span.org. >> "washington journal" continues. host: our son their roundtable focuses on the president's trip to the middle east. we want to welcome nathan guttman, a morning, thank you for being with us. and said arikat, the washington [indiscernible] the question was posed -- president pays a visit, what will be held a string -- palestinians and israelis do now? of what you think of that? on that think that front we are likely to see some .ovement the palestinian authority, benjamin netanyahu, is real, we are seeing some movement that until this moment was basically dormant. , but nathan guttman expectations going in were pretty low. the president even said that he would use this trip to listen. what were the results? guest: the white house was result -- was wise to lower expectations. we are trying to listen to the sides. the president camera a message, that we've hill say. that from translate

by the way, the barron's list of the world's most valuable ceos they didn't separate the roles.the uk where they love to advertise they haven't. did it help with bp, royal dutch shell. as you go down that list you think of the disasters. rbs, barclay's all had separation of rolls. it creates confusion in the aftermath as to who speaks for the company, how they're resolving it. and zero research that it's preventive or corresponds with shareholder wealth. >> it's a longer conversation to have. >> rex tillerson. hp. >> yep. >> it's a fantastic job. >> jeff, we got the music playing us out. we will have you back and continue this conversation another time. thanks. >> jeff is always colorful. when we come back, a last minute deal. in europe they are certainly bid up. the cac is up by over 1.6%. [ lorenzo ] i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free box

caller: i am looking at "barron's" from two weeks ago. article says that the tax hikes of this magnitude, equal to $275 billion, would take 1.8% out of the $15 trillion economy grew just 3.85% in nominal terms. here's the point -- historically, the main effects are seen mainly in the second and third quarters after the tax hikes. initially, consumers try to maintain their standard of living by dipping into savings. later they cut back. your take on that? guest: that is an interesting take. the estimates i was looking at for the payroll tax hike itself were that the gdp effect would be about 0.6 percentage points. it add to that the half a percentage point expected to come from the sequester -- if you add to that the half a percentage point expected to come from the sequester, you have 1.1%, but it is an issue of an economy that is barely growing, and taking these kind of contraction very measures at a time when the economy is already teetering is generally not a good idea. it is kind of a bipartisan notion, at least among economists -- fe

added to the world of, that world particularly in the mediterranean would create these great clerical barronsly pass down the line. people don't know. celibacy was not a feature until about the year 1,000. >> but i know, josh, you keep up with the holy roman catholic church on a day-to-day basis. but just on the general scope, worldwide scope looking at the universal church having less to do with those who are across the street at st. patrick's this morning. the universal church around the world, feeding people, caring for people. dealing with people with a sense of humility, rather than a sense of secrecy, as we've seen in the catholic church for too long. the, the sharpness already turned towards this new pope by, i think, a small element within the vatican is really an interesting story. >> it is. the other thing to look at here, too, is the gesture by francis to kind of reach out, broaden the church. include women, people who haven't traditionally been included. and distinguish himself a little bit from his predecessor and sort of broaden the appeal a little bit and change the story aroun

john barron. >> mr. speaker, i urge caution. human rights have said by arming the rebels we could be arming the terrorists of the future as well as escalating the violence. but would i bring the foreign secretary back to his comments over the weekend which did clearly indicate a change in thinking when it came to nonlethal support. to what extent were his comments a reflection of the fact we now get reports that president obama is thinking about changing his policy on this issue? >> i'm not aware of any inconsistency in what i've said. in fact, throughout i've said we don't rule out any options. i've said that for two years. and it would be a strange thing, indeed, as the situation got worse to start ruling out options when we've not done that at any period. so that's what i said today, and that's what i said at the weekend. but what we're actually proposing to do is what i've set out today,nd my honorable friend will know from the announcement that secretary kerry made that it is closely related to what the united states has an