as we said, the beige book numbers, when they came out there were cents. see earnings coming out, we will see comments and none are going to be positive. none will be excited about the future, and stock prices and multiples expand when people feel possible about the future. going to impact them? numbers might come in spot on. the whisper numbers, everyone is looking for, meaning hoping the numbers are a little bit bitter. i think as numbers come in, we'll start to see very little movement going north, unfortunately. >> the followup to that is how much of all of that is priced into the market? does the market react negatively or positively when in fact we see the earnings took a hit? >> in fact, rick santelli, had a slew of economic data out, the beige book and lieu it all the market is taking it all in stride. what are you making of this? >> no, absolutely. the five-year maturity, if you put a six-month chart really actentates how you can think that we had this huge selloff, but all we did is revisit the top of the range in december and early january, so i

it is not because it is beige, but it could be the absolute beauty, no. it depends how it is done, how it is made, how it looks like. so i was like, let's say, killing the french fashion. i should say france in general. so absolute. it has to be like that. things that i did not feel like. i think it's time i was going, i felt really in love with london. i felt more freedom. when i was going there, it gave me -- [unintelligible] sending like, yes, go on to do the things you feel are good. because it is very conservative in paris. >> only you had come to san francisco. >> yes. >> i can only imagine what you would have produced. [applause] >> that is true. >> here is this good little boy who is be heading classically and is very charming and wonderful and working hard. how did you turn into a bad boy? [laughter] and tell us about the whole business of putting sexuality on the map, as it were. when you go into the exhibition here, it is still shocking to see some of the clothes which are suggesting a kind of pervert petit, never against women. you see a lot o

the fed beige book on regional u.s. economic activity will come out on the same day. the previous report noted the regional economy continue to gradually grow. in japan machinery orders will be released. this important gauge showed a 2.6 month on month increase in october. on friday china will announce gdp data for 2012 as well as for the whole year. between july and september gdp expanded 7.4% from a year earlier. now just a few minutes ago i read that the dollar is trading at a 2$2.5 year low. that dollar is trading at a 2.5 year high. here is the market recaps. >>> japan women want to have place to turn for help. 25 institutions in japan now offer invitro fertilization. they have to find their own donor. donors will have to younger than 35 years old. they must already have children and be willing to donate eggs without compensation. recipients must be under 40 and they must have illnesses or genetic abnormalities that prevent them from conceiving. donors won't be allowed to meet the recipients, but the children will be allowed to see details about the donor when th

later this afternoon, all these areas in the beige color, all of northern virginia, district, much of today, we will be dropping down to the 30s after sunset. most of the region, the 20s tomorrow morning. and afternoon highs on friday, just in the upper 30s. average high this time of jeer 44. we might get a little dusting of light snow tomorrow morning and maybe just a few flurries and then sun back. gusty winds on friday, too. wind chills only in the teens and 20s tomorrow. then temperatures plummeting down to the teens near 20 by dawn on saturday. saturday mostly cloudy. maybe flurries. late saturday night into sunday morning, passing snow shower. and still cold sunday and monday. highs only in the 30s to near 40. a bit warmer on tuesday, wednesday next week. maybe near 50 on wednesday. that's the way it looks. >>> let's check the midday traffic. danella, are we still see something problems? >> yes, unfortunately, that's the case. here is a live look now of traffic lights out. this is along eastbound river road as you head towards the beltway. that's where your lights are out. pleas

across the bay beige there -- bay bridge, there will be "spare the air" but you have done a great job heeding the warnings. mount tamalpais shows mid-and-upper level clouds but not the moisture in the air that would be conducive to showers. we will look at live doppler 7 hd, the top of the screen shows where the next system is coming in. we still have a slight chance of a stray shower today but for the most part we are looking at partly sunny conditions and just dry weather. keep the umbrella many, just in case, a cooler week on the way and the cool air is dry so there will be a limited chance of shower tomorrow when the cold front comes through and introduces us to the cool and dry air. warmer and more dry next week. we will have a little bit of a roller coaster, not huge swings but a change. look the at temperatures, already in the upper 50's to 61 at napa, and 63 at half moon bay, so, a nice ending to the week. we have upper 50's and mid-60's an the monterey bay and inland. now, what is going on, the low from yesterday is sinking further to the south and you can see wedge of dry ai

will be live onnnvd the air with an up to the minute look at how fans are reacting here, and in the beige> coming up here, niners fever sweeps the bay area, we're going take to you south bay city that is the site of a 49ers new stadium. you're going see how merchants are using super bowl to make santda clara the game day destination for fan autos and the bart ban that will be enforced if riders don't clean up their act. abc 7 news >>> bart says it will hold meetings about a law that aims to create a safer environment for employees allowing bart to ban anyone from trains or properties for committing certain offenses from violent crime to urine yaiting in public. bans can run from 30 days to a year, if you'd like to know where bart is going hold meetings go to abc 7 news.com and click on see it on tv. >> san francisco fire chief is joining force was mayor ed lee and police chief to help prevent problems after the super bowl on sunday. they teamed up here to make an announce oomt let's respect the city of san francisco. no place for bad behavior autos fans are world class, let's show the wor

. >> much of the coastline is either a bright red or a beige print th. >> here we are at the base of telegraph hill on lombard street. this is owned by the city. behind you is a large piece of something exposed. you are looking at a large class that was xextricated in a quarry about hundred years ago. this is a secretive sandstones, shales, accumulated debris. essentially it ended up piled up here. the quarry activity was so intense and they used some much at dynamite that the kind of over blasted. 10 feet of the face was left shattered. you can see the fresh colors and a pile of debris which is precariously perched on the edge of a cliff up there. it is more fresh and more recent than the rest. it stands out because there's no vegetation. there is no weathering of material. those are the kinds of things you look for. >> there are many types of slides. there is the bedrock slides which we are looking at in is a combination of a block slide and where the material is just out of balance and is falling off. rainfall pushes from the ground water and out of the cliff. as you can see, the

we look forward to the fed's beige book report for economic conditions, as manufacturing in the lastacted the equity markets are trading at five-year highs. we like to mention uam, $11 target. the stock technically broke out above intermediate resistance recently. our analyst is the only outsiin with an out-performer rating. we think the stock appreciates into the print. >> are you worried, as so many people are, about the possibility of a near term selloff which would be an opportunity to get into this market, because of what's going on in washington? >> we're always worried about a variety of things, but as far as a near term selloff, i think towards the end of the year, and first part of this week, first part of this year, i should say, of this month, there was a great opportunity to sell off. markets did not sell off. the fiscal cliff impasse was some what resolved or pushed out until march, anyways, and the markets are extremely resilient and we're very confident in the short-term for higher prices here as we do look at lots of technicals. >> kevin, what about you? you feel the

a discussion about the fed earlier in terms of the beige book numbers. what do you think that tells us on where we are in the economy? >> look at numbers of the last week or two, retail production numbers for december, and they were actually pretty good. of course, the employment numbers we already know were soiled, and this is in a period where the uncertainty over the fiscal cliff was reaching a maximum. you know, maria, you think that's pretty encouraging that the economy has managed to cope with a high level of uncertainty. now the thing that kind of bothers me though is i'm a little bit worried that this coping is flipping over to complacency. the vix is now at a six-year low, and it tells me that the market is discounting 100% probability that we get through the debt ceiling without any trouble. that seems too high to me. >> so do you think the market is expecting that? i mean, when would you expect a big change in terms of the interest rate scenario? >> in terms of the interest rate scenario, probably nothing this year. i mean, we're at least a co

across the bay beige there -- bay bridge, there will be "spare the air" but you have done a great jobeeding the warnings. mount tamalpais shows mid-and-upper level clouds but not the moisture in the air that would be conducive to showers. we will look at live doppler 7 hd, the top of the screen shows where the next system is coming in. we still have a slight chance of a stray shower today but for the most part we are looking at partly sunny conditions and just dry weather. keep the umbrella many, just in case, a cooler week on the way and the cool air is dry so there will be a limited chance of shower tomorrow when the cold front comes through and introduces us to the cool and dry air. warmer and more dry next week. we will have a little bit of a roller coaster, not huge swings but a change. look the at temperatures, already in the upper 50's to 61 at napa, and 63 at half moon bay, so, a nice ending to the week. we have upper 50's and mid-60's an the monterey bay and inland. now, what is going on, the low from yesterday is sinking further to the south and you can see wedge of dry air

. >> and they come in different colors and shapes and sizes and white and beige and taupe and gray. >> here we what i call -- i wouldn't call it -- these are the inexpensive standard switch and receptacle that you can buy. they are the least expensive. they're the code minimum. if you're putting a receptacle or a switch in that is not switching a heavy load or getting heavy use, it's quite appropriate. if you're going to be switching a heavy load or you expect to use the recentable over and over and the switch over and over, you're better off buying a more expensive receptacle. these are what they call -- i think they're called the decor line where they have the square look. but, actually, as far as the back goes, they're the same quality, the switches have about the same quality. >> and so there is little green guy. what is this for? >> it's a ground terminal. the code has every switch to be grounded. so they have a little ground terminal that you have to connect your ground wire to. >> so every switch, every receptacle has this? >> it's all identified by green. the neutral is silver

today's beige book report showed signs of solid overall economic growth.each of the fed's 12 districts showed either "moderate" or "modest" growth, steady or expanding real estate activity, and some growth in consumer spending from december through the first week of january. but the fed noted job market conditions didn't change much. one reason companies are cautious about hiring, is they are worried about fiscal uncertainty in the u.s. and that uncertainty is growing as some republicans in washington argue for a narrow definition of what it means for the government to default. skipping payments on government bonds would be a default they say. but skipping payments for other government services wouldn't be. this debate could have real consequences, as darren gersh explains. >> reporter: next month, the u.s. government will owe $38 billion in interest payments on the debt it's sold to investors here and overseas. but the u.s. government will take in about $210 billion in tax revenues in february. a vocal minority in washington now argues those figures show

and the fed said in its beige book, the economy expanded across much of the country last month, but hiring was hampered by politcial uncertainty coming from washington. todd horwitz of the adam mesh trading group joins us on this thursday morning. good morning to you. a lot of traders are talking 1475 in the s&p 500. what is it going to take to get there? > > good morning. you know, we're close. right now the markets are in a tug of war between the bears and the bulls. they are trying to get to that level. yesterday morning we had big boxcar earnings from j.p. morgan and goldman sachs. that was not enough to propel the markets through those levels. i think the market anticipated a lot of this good news ahead of time. so i think we are going to languish around here. you can see by the falling volatility and the complacent markets that we are probably a little ways away from pushing through that level. > what about citigroup and bank of america, which are now going to report in? > > i think those earnings will probably be just like j.p. morgan and goldman sachs. i think they will probably be

identity politics and not to try to make this about to between say here there is a kind of islamic model beige drive density who's driving that right now in egypt in your opinion the cultural wars who's driving it. there are several factors the main driver i think is that this content with the previous period has given a lot of grounds for the islamists to sort of play that card and build a constituency based around in islamist identity which unfortunately i was being reproduced so you have for example the cops because they feel alienated here have no option but to play that card if they are to build a new sense of meaningful political power and i think we need to move away from the only way to defeat islam is on the platform of ideas and programs and do and you can see already see in such a short period of time the economic incompetence and the political incompetence is showing and that's what you want to target you don't want to make this an existential cultural battle between secularists and islamists and make people need to while the opposition just want to see the current regime fail that

or identity politics and not to try to make this battle between say here is kind of islam and all beige dry density who's driving that right now in egypt in your opinion the cultural wars who's driving it. there are several factors the main driver i think is that discontent with the previous period has given a lot of grounds for the islamists to sort of play dakar card and build a constituency based around in islamist identity which unfortunately i was being reproduced so you have for example the cops because they feel alienated here have no option but to play that card if they are to build a new sense of meaningful political power and i think we need to move away from the only way to defeat islam is on the platform of ideas and programs and do and you can see already see in such a short period of time the economic incompetence and the political incompetence is showing and that's what you want to target you don't want to make this an existential cultural battle between secularists and islamists and make people need to while the opposition just want to see the current regime fail that's

wars or identity politics and not to try to make this battle between say here is karl islam model beige dry density who's driving that right now in egypt in your opinion the cultural wars who's driving it. there are several factors the main driver i think is that this content with the. and a lot of grounds for the islamists to sort of play the car card and build a constituency based around in islam is the identity which unfortunately i was being reproduced so you have for example the cops because they feel alienated have no option but to play that card if they are to build a new sense of meaningful political power and i think we need to move away from the only way to defeat islam is on the platform of ideas and programs and do and you can already see in such a short period of time the economic incompetence and the political incompetence is showing and that's what you want to target you don't want to make this an existential cultural battle between secularists and islamists and make people need to while the opposition just want to see the current regime fail that's their greatest objecti

changes in language gives rise to questions like this here's a tweet from a reporter what does the beige book change for a moderate to modest growth mean now i spoke to james savage earlier he was v.p. of public affairs at the cleveland fed from two thousand and eight to two thousand and eleven now he runs a company building and managing corporate reputations which is why lately he's been thinking a lot about the missteps fed's. so the whole reputation angle of the fed and the efforts the fed has undertaken to better communicate really have been resonating with me lately and it's we've seen a few struggles and misfires out there and i think that's why we're here today yeah so before we get into some of those let's just talk about the importance of communication for the fed we know that it is extremely important for the fed is that as important as the fed's actual monetary policy because that then can print but attitude in expectations about the economy and the fed abilities are what can cause people to actually lever up and affect some of those behavioral decisions right right exactly an

lou: i think you're beig unfair to americans.think of quebec, but certainly not all of canada, and moref our refuge. reach extreme. >> they're building a maple curtain. you better get there soon. lou: as we ok at what is happening, bill archer is talking about $86 trillion in unfunded liabilities as we cannot manage even e 16 trillion in debt or consecutive yars of italian dollar eficits, brought to us by george w. bus, and all fairness. >> well, i think the point here is that when people make coarisons, comparisons are relevant because you can run the numbers ansay in terms of gdp -- relation to gdp or never, we are not quite as bad as greece or portugal ornever, but they are just talking about a few ring keating billions. a trillion word is really unique to the united states. and i think that is what is going to kill us, the absolute numbers. germany can affo to bailout greece. nobody canafford to bailout the united states, and i would agree tually th bill archer that i think he understated. if you take the total debt situation

china beige book is all independent data.omy into sectors and regions and track the data every quarter ourselves to verify. tracy: how do you gather it? some companies don't even have audited financial statements and can't believe numbers coming out of individual companies. >> exactly. we don't use middlemen. we go in ourselves. interview over 2,000 firms. tracy: you literally go to china on the ground? >> we have operations all over in china. we have quantitative surveys. we have banker surveys and we interview bankers separately. we have qualitative surveys and do interviews with surface. ashley: china is such always such an export driven economy although they tried to address that and increase domestic demand. has that happened? >> yeah. i mean we looked at retail. retail is a pretty good proxy for consumer demand but it is not a perfect one. so what we've seen is increasing retail sector growth. that's great but in order for the economy to rebalance it is not just consumption growing. it is the share of consumption versus

it ensures they judge beiged on mare -- based on merit, not on gender. >> she is endorsing the decision. she was hailed as a hero when she returned from iraq in 2003. she was held captive for 9 days. u.s. marines rescued her and other members of her unit. she called the decision to allow women in combat good news. >>> an attempted kidnapping caught on tape. ktvu's ann rubin is live with the video. >> reporter: first let me show you where it happened. police said it happened on this stretch of sidewalk. she was grabbed by a stranger, she was fighting and caught away. >> reporter: friday his surveillance cameras caught the attempted abduction of a 13- year-old. >> oh, my god. it is true. i couldn't believe it. >> reporter: you can see her walking. as she passes behind that car she is dragged into the driveway. the girl runs off. >> whether she gets here she -- when she gets here she is going full speed. >> reporter: he says he started searching for the man before police arrived. >> you come to my neighborhood and get me that upset it wasn't my girl, but at that moment became my family. >>

all the counties in beige. we've already had winds gusting 45 to 50 miles per hour. do expect windy conditions. if you have loose objects might want to secure them. they'll be rolling down the street otherwise. lots of sunshine in the forecast. should get a chance to dry out. still have flooding issues. now draining into our water basins. and that's going to be an issue here. temperatures in the 40s. becoming sunny. guess what? snowflakes in the forecast in the not too long future. details coming up. back to you. >> thank you very much. don't forget you can track the weather any time with the fox 5 weather app. stay on top of the rain and snow and share your weather pictures with us. search dc weather in the app store. >> there is no shortage of severe weather across the united states. parts of the southeast got hit hard. one person was killed when a tornado touched down in georgia. and a number of buildings were destroyed and vehicles overturned. rains and high winds ripped through tennessee knocking down trees and power lines. one man was killed there when a tree c

then i love a beige shoe with a black dress. these are from juicy couture. >> beautiful.your son. >> all right. >> all right. our second lady is vivian martinez. she's 42 from miami. her daughter says she totally needs a makeover so, we knew we had to grab her off the plaza. let's listen to her story. >> well, this is fun here with your niece and daughter, and i know you're so excited, so tell me why are you excited for this for mom? >> because my mom is a really good mom. >> oh. what does she do for you? >> she helps me with my homework, and she just is really nice. >> ah, isn't that so nice to hear? i know you're excited for this. >> i am. i'm nervous, but it's about time. i thought i had my fancy clothes on today, but apparently i need a makeover. >> that's not why we picked you. we think you're going to look fab. >> thanks. i'm really excited about it. >> she seems like a doll. adorable. >> she's here with her daughter, eleanor, and her nieces elizabeth and carolina. let's fake take one last look at vivian before. now let's bring out the new vivian. >> whoa! >> oh, gi

all these zones in the beige color under a wind advisory.ts of 50 miles per hour mainly on the higher ridges in the shenandoah valley and the blue ridge, as well as on eastern shore. we could have coastal flooding along the tidal potomac and on the chesapeake bay. noon today, until 6:00 a.m. tomorrow. here's the timing. by 8:30 this evening, this yellow and orange zone, this is the zone of potential severe storms moving in to the shenandoah valley and then right into the metro area by about 9:00, 10:00. then sweeping east of there. by midnight, much of it is going to begin to diminish and will clear out by dawn on thursday, we'll get sunshine back and turning colder. here's the time frame with our temperature today. soaring to the low 70s by around 2:00 to 3:00 p.m. then the winds increasing, gusting to around 30 miles an hour and the higher elevations near 50. then that time frame between 8:00 p.m. and midnight is when we'll get the strong storms. some could o produce damaging winds. unfortunately may cause power outages. here's the four-da

>> i've been breaking down tape, watching games into hours and hours while i was eating my beig ne. idea who is going to make the first mistake. i watched nine games. ' he young guy. you just don't know what he may hit the wall? the other thing, on the other side,. >> so far, haze done well. >> you just don't know what it is going to stop. on the other side, you have joe flacco who has been outstanning in the playoffs. in his regular season, he had his ups and downs. he has a contract here. he is trying to get paid. you don't know when that will run out. which quarterback is going to be the best? idon't know. >> i think that, if i had faith in one guy over the other guy, it would be cool joe -- of course, you will. that is safe for you. >> the safe pick. the a safe pick. tom is a wild card. he could be the highest of highs but he can be down low. i think cool joe will be -- >> that is a flat line. >> it is prediction time. >> you've had your hurricanes and eaten your beignets. >> no hurricanes for me. >> who are you picking and why? >> i have avenue watched a lot of tape while i was

have fun in your beige. kevin, in our ear right now. cadillac cts. >> be careful what you say.oice of god. >> great looking car. good selection. jenny, naturally, look at the texan. escalade. she want it sit in the back. how she rolls. producer, acura -- oh, i'm surprise he you went with the two-door. good looking car though. >> jackie with the a5 convertible. can i see jackie in that. that is like a girly car. >> this is jackie o'sullivan and mark the last name because this is important. >> myself, audi tt. and i particularly love it because i can't fit the kids in the back. so it is my car and not the family car with all of the stains and veggiemite all over the back. >> and mine, audi a5. i tried to tone it back. it was tough for me. i almost went with the ford fusion. love the grill, great trim, great lines. in the end, a tough fight. i went with the a5. three audis. >> a lot of people tweeted audis. this is not a real car, it is a concept car. hot rod holden. that is sex on wheels. i'm sorry, i said it. but that is beautiful. >> roof line is a little low for that purpose.

cruiser comes in beige? [ laughter ] that's what he's thinking. here's one more.ield. that's got to be exciting. let's see what's going on in his mind. i was thinking of buying new jeans yesterday but then i didn't. [ laughter ] maybe, he is dull. i don't know, maybe he is dull. a good quarterback. listen to this, guys. today president obama sat down for an interview with telemundo to rally support for his immigration plan. [ cheers and applause ] good. he told the telemundo network that implementing immigration reform was the primary gooooal! [ cheers and applause ] it was interesting. and finally an employee of the u.s. postal service is retiring after 44 years without using any of her sick days. yeah. friends describe her as dedicated, while co-workers describe her as that lady who gave me the flu. [ laughter ] we have a great show, tonight. please give it up for the roots, everybody. ♪ ain't no mountain high enough ain't no valley low enough ♪ ♪ ain't no river wide enough to keep me from getting to you, babe ♪ ♪ ain't no mountain high enough ain't no valley lo

in the afternoon, the fed releases its beige book, dull name but exciting.urvey of regional economic conditions. in earnings central, two releases likely to steal the show. jpmorgan and goldman sachs, both set to post quarterly results before the bell. very excited. >> well, and -- just to the extent that you know what we're going to focus on. >> as big as the myriad operations of jpmorgan are and as much as we can tell about the economy and financial sector, we will be obsessed with jamie dimon, if he didn't get as much of a bonus as normal because his pristine reputation because of the wale slipping -- thing we can find as members of the media. >> $6 million trade on a balance sheet of -- >> i don't know how much they made in spite of that. a lot. >>> speaking of the bank, another -- >> look who's here! >> and dressed normally, too. >> can we get the man a chair? he can't sit -- ♪ >> we thought you were trying on different zweaters. on a day like this, what is the right look for a young, happening, dashing -- >> what -- what -- >> you have time. don't do t