that's bernie marcus' own words.st up, the dow closed 102 points lower, the nasdaq down 12, the s&p down 30. two big fears, holland and hollande seemed to drive fears today. joining us with a map of the markets, we bring in phil orlando, chief exist strategist at federated investors and zack cara bell. phil, i know everyone was blaming europe and spain and holland and hollande today. i want to take a counter view. i think it was the lousy jobs report at the beginning of this month that started this correction, including the rise in jobless claims, including all the so-called spring data, and until those economic numbers get better, i think the correction coues. >> don't disagree with that, larry. >> oh, okay! >> we've certainly got the weather-related or the easter-related issues with the jobs report to concern ourselves with. europe, i think, was a big deal. and then in asia with the slowing chinese growth is a concern as well. so i think you had sort of those three hickeys that were sort of combining in the market

fact responsible for the challenges that we face as a nation and that includes my next guest, bernie marcusder of home depot, creator of the marcus foundation and cofounder of the jobs creators alliance. good to see you. >> how are you? >> did you ever see the oil and gas companies, oil companies came out with a pie and show the government's share what they get in taxes and how much they make per gallon and all the taxes that they pay and the state gets and everything in between the government that doesn't explore, doesn't extract, doesn't refine, doesn't deliver makes more money for a gallon of oil than the people who do the work. >> how about the people who don't pay taxes at all now. think about the 47%. they are paying a tax now every time they buy a loaf of bread they are paying a tax and all due to the oil. so, you know, it comes back eventually and you can say whatever you want to say. this election will be predicated on the price of oil i promise you because i think the american people are going to understand what happened over the years, think about nancy pelosi eight years ago did

fact responsible for the challenges that we face as a nation and that includes my next guest, bernie marcusthe marcus foundation and cofounder of the jobs creators alliance. good to see you. >> how are you? >> did you ever see the oil and gas companies, oil companies came out with a pie and show the government's share what they get in taxes and how much they make per gallon and all the taxes that they pay and the state gets and everything in between the government that doesn't explore, doesn't extract, doesn't refine, doesn't deliver makes more money for a gallon of oil than the people who do the work. >> how about the people who don't pay taxes at all now. think about the 47%. they are paying a tax now every time they buy a loaf of bread they are paying a tax and all due to the oil. so, you know, it comes back eventually and you can say whatever you want to say. this election will be predicated on the price of oil i promise you because i think the american people are going to understand what happened over the years, think about nancy pelosi eight years ago didn't she say why drill because

. >>> plus, home depot founder bernie marcus calls president obama the anti-capitalist candidate.t us live. >>> and why is walmart getting beat up in mexico? they created jobs and added value to their shareholders. who's the victim here? he