sense of how this all fits together and what it all really means so here to help us take stock is bill bond arie's best selling author of many books and founder of a gora so thank you so much for being here it's really nice we've been wanting to get you in this seat for a long time now pleasure being here oh well that's nice of you to say so let's talk about this because looking at the u.s. economy and people trying to figure out where it's going and if it's improving they look to different things they look to what politicians are saying on the campaign trail what plan they may have depending on who wins they look at economic indicators today we have jobless claims we have consumer confidence they look to the stock market do any of these indicators or is there any litmus test event that tells us where we are or where the economy is headed the if you get the numbers some economists you're going to get some pretty fishy numbers i mean you don't want to pay any attention to them at all they mean something but they don't mean very much and they don't mean what they claim they mean you know thos

don't we want that bill bonde areas that are you create wealth and full employment sounds pretty good to me if you could do it that way the people in zimbabwe would be the richest people on earth or the people in argentina or the people in via margarine money you know it doesn't work that way unfortunately you just can't get something for nothing you want something you've got to get it the old fashioned way you've got to work for it you've got to say you've got to invest in capital producing capital of productive businesses you can't just print your money you can't just borrow money the whole thing is so crazy that whenever i hear somebody say that i just don't know where to begin to write a site where do you see that a part is just crazy you know this this stimulus thing is just a scam what it does is it buy it takes money from you by stimulus you mean central bank stimulus i mean and essentially buying it and fist fiscal and monetary either way it's the same thing you take money from the real productive economy and you give it to say banks now is and then the the idea is that the ba

welcome back we're talking to bill bonde our founder of a gore i he's with us in studio and before the break we were talking about a financial recovery not a. fake economic recovery but a sustainable one so i want to ask you about this because people are talking about consumer spending they're excited the consumer confidence posted i think a four year high today we have a chart like this i can show you of retail sales if we can bring it up it shows them improving after declining you know for for some time why is this something to get excited about that over leveraged indebted consumers are now more comfortable going out and buying a new computer is that the way we get to a recovery no of course not it look at that little tick up on the chart and so that when you don't take it too seriously but it's just the opposite of what we need you know the economy went into a slow because people had not saved enough money they had spent too much money they had borrowed too much money that was obvious everybody knew it and so when when you know when the crisis came the government came in and said a

-- james bond. >> bill: all right. ards up, please, the answer is d, dr. no. maccallum bursts out. so she may may be, doocy, the bond. >> we will find out. >> bill: okay. >> bonded for your protection. >> bill: there was casino royal starring woody allen. that's true. sean connery wowed audiences hin the aforementioned dr. no. >> james bond, 007, licensed to kill whom he pleases, where he he pleases, when he pleases. >> bill: excellent. now connery was not the first choice for the role. which actor turned down the part of 007? the answer is d, carrie grant. that is correct. >> i didn't know that. >> bill: now you do. >> i do. that's what i love about this. cary grant. he would have been, good. >> b away. license to kill, doocy off the planet. here is question number three british author aaron fleming. he wrote the first one in 1953. what popular children's book did ian fleming also write. chitty chitty bang bang, near, far, in a motor car ♪ what a happy time we will spend ♪ chitty chitty bang bang. >> bill: that's the m

-- james bond. >> bill: all right. ? >> bill: cards up, please, the answer is d, dr. no. maccallum bursts out. so she may may be, doocy, the bond. >> we will find out. >> bill: okay. >> bonded for your protection. >> bill: there was casino royal starring woody allen. that's true. sean connery wowed audiences hin the aforementioned dr. no. >> james bond, 007, licensed to kill whom he pleases, where he he pleases, when he pleases. >> bill: excellent. now connery was not the first choice for the role. which actor turned down the part of 007? the answer is d, carrie grant. that is correct. >> i didn't know that. >> bill: now you do. >> i do. that's what i love about this. cary grant. he would have been, good. >> b away. license to kill, doocy off the planet. here is question number three british author aaron fleming. he wrote the first one in 1953. what popular children's book did ian fleming also write. chitty chitty bang bang, near, far, in a motor car ♪ what a happy time we will spend ♪ chitty chitty bang bang. >> bill:

bonds of the u.s. but in the lower tenors it's definitely t. bills and maybe up to two three five years these bonds are definitely going to have . some support from all these new measures that are coming into play and as to the second part of your question it's difficult for me at least to think that some of this is an intentional if you look at japan and i know the west has looked at japan for years they have this incredible debt to g.d.p. ratio and a lot of people have been made foolish over the last ten years predicting their imminent decline so and they're a culture which the local population saves a tremendous amount of their money in the government bonds and so i think some of this is forced. you talked about the regulatory cliff you could also think of it as a forced savings cliff where people are being herded into government securities in . various ways forced government savings cliff all of bowing to uncle sam and to give a little credence to why the treasury might have been tipped off to be worried about this i mean let's look at the issue

president whoever it is preside over an empire of debt that is past the point of no return well bill bonde our best selling author and igor if a natural founder is here to tell us what he thinks and improving better the next estimated u.s. economic data pushes stocks higher today at least so say the headlines initial jobless claims and consumer confidence are included in that batch of numbers out today but what exactly do they mean what is in these numbers calculated by economists that supposedly show the economy's improving well discussed plus superstorm sandy aftermath. how much are you willing to pay for a gallon of gas anything i don't know the grounds you see the ones from shortages of fuel to long lines for gas in new jersey to a black market in batteries flashlights and outlets in lower manhattan we'll talk about the case for price gouging let's get to today's capital account. watching presidential politics play out ahead of the elections next week there are speeches there have been debates there will be more speeches there big a lofty the presidential hopefuls tout plans they hope

said look back again and before the break i played a couple of clips you name them accurately a bill bonde or mark talking about the importance of wages as an economic indicator better than than anything else do you agree that this is the best indicator of an economic recovery or lack there of i think one of these to look at a number of things but certainly us put it this way that's a very good indicator and it's even worse than what those guys mentioned because there's. there are you know union workers who are getting above average wage hikes at least in comparison to every one of the. and certainly some upper echelon you know job workers are getting some you know pretty big hungry and graces and it's all average debt still average all of that and the trends that are going down like that so what does that site that says you know that there's a certain class there that perhaps not getting any wage hikes at all no not only creates in their take home pay yet and another thing marc klaas. and sharon and i'm sure they would agree with me on this you have to factor in taxes gosh illinois taxes

they agreed on a revision to the deficit bond bill. it's now expected to be enacted soon, allowing the government to fund this year's budget. but some democrats are opposed to an early general election. they say dissolving the lower house would create a political vacuum. they also question the timing after low approval rates for the cabinet and the party in recent polls. >>> one japanese politician can't wait for the election. shintaro ishihara is aiming to shake things up and steer his country right. the former tokyo governor is trying his hand at national politics. he wants to review japan's constitution and strengthen its self-defense forces among other things, all under the name of his newly-launched sunrise party. nhk world's mitsuko nishikawa reports. >> translator: i will fight against the existing major older parties such as the ldp and dpj, and new komeito. we will challenge them, otherwise japan won't change. i am thinking of uniting other smaller parties in order to fight in the election. >> reporter: ishihara's new party ca

>> two thumbs up. >> bill: all right. >> she actually plays james bond judy, does. >> bill: oh okay.t wanting the president to get all of the limelight, john boehner gave an exclusive one on one interview last night. she wasn't drunk. >> oh, really? >> bill: does anybody believe this? >> i'm the most reasonable responsibility person out here. the president knows he and i can work together. >> bill: i'm the most reasonable man in washington except eric cantor has a gun to my head. >> yeah. >> bill: and to show how totally in denial he is. >> i think this has been the host misreported story of my two years. we don't have a tea party caucus to speak of in the house. >> bill: maybe he should tell michele bachmann that who started the tea party caucus in the house. and tell the 63 tea party republicans that there is no tea party in the house. >> what is he doing? >> bill: i don't know. and again, all they do is lie. michele bachmann started the tea party caucus. maybe they don't always get their way, he can say, but they do. it is the tail wagging the dog we have seen that for the last tw

the liberal democrats also agreed to back a bill to issue deficit covering bonds, but the prime minister added another condition. he demanded the ldp support a bill to reduce the number of seats in the lower house. ldp officials later announced they will cooperate with noda and the dpj. official campaigning for the general election starts on december 4th. jap be a niece voteless than two weeks later, on the 16th. >>> nhk world senior political commentator joins us. what prompted the prime minister to act? >> they met all the conditions the prime minister set including helping to pass bills to enact the budget cutting the number of lawmakers and making the disparate and representation smaller. there is a big disparate now between densely and sparsely populated constituencies, so eventually he has no excuses left. but it took some time. noda got caught up in his own words. back in august the prime minister needed to convince the opposition to pass bills to reform social security and hike the consumption tax. he promised them that he would dissolve the lower house, in his words, sometime so

bills. they pay the bond but unless a multi-unit is separately metered -- so they're going to fall in

bills. they pay the bond but unless a multi-unit is separately metered -- so they're going to fall in this columnrcentage of residents in poverty but they don't have their own water accounts so you're not going to be able to hit theam. >> that may be true but the point in case we're making is to do the outreach, to understand what those residents are, and as it relates to the single -- >> supervisor elsbernd: right. say south of market, 6.5% of residents in poverty which makes sense only .2% there needs to be more outreach but you're probably not going to hit 6.5%. >> correct. yes. so that is the conclusion of our report. thank you. >> supervisor elsbernd: thank you. is there any public comment on this report? is here. >> supervisor elsbernd: wait. i'm sorry, gentlemen. before we get to public comment, is the department here? does the department want to say anything? >> sure. good morning, supervisors. and internal control at san francisco public utilities some of the progress since we've had this audit -- >> supervisor elsbernd: if i could actually, because we've gone going for a while if i bit.

bill la bond shares jumped over 10%. sensex closed hire by 0.3%. louisa, back to you. >> thank you very much. so a full round up heading further into our session of trade today in europe. in the the u.s., though, it's been a grimmer picture. major u.s. indices have fallen by 5% since election day. this month already stacking up to be the ninth worst november for the dow and s&p 500 since 1973. we're joined now by michael croft crofton. we're looking implied open being slightly positive. we have bernanke speaking this week, housing data out, and then thanksgiving which means it will probably tail off into a bit of a quiet end to the week. how do you think, though, that u.s. investors particularly are focused on on equity market trade, are they waiting for the fiscal cliff deliberations or positioning now? >> i think they're waiting for the fiscal cliff deliberations. i don't think we go over the fiscal cliff, but i don't think we're close to a solution. in 40 days, we won't get to a solution that will take away 25 years of prove la gat spending. so

it's the 23rd film in the bond franchise, and yes, bill, i am excited. after becoming the u.k.'s highest grossing film of 2012, "skyfall" is expected to do big business this weekend with an estimated $90 million. $14 of those will be my own. >> steven spielberg's "lincoln" is coming out this weekend but you may have trouble finding it as the film will only be released in 11 theaters. >> the kolber report weighed in on yesterday's nor'easter and what political implications it may have. take a look. >> yes, a nor'easter. a storm so powerful it can wipe out a region's supply of t's and h's. and, folks, i am afraid that this new storm could hurt romney's momentum. i mean -- [ cheers and applause ] >> it could slow him down. he already lost the election. that can't help. >> all right. finally, people camping out in november can only mean one of two things. either it's black friday or in this case a "twilight" premiere. these guys are hard core fans, they're called twihards. >>> robert pattinson, kristen stewart, taylor lautner, they're hoping to catch a claim ps of them. the premier

bill. thanks so much. >>> just ahead, bond is back, and a new take on an old president.lus, whether you're team edward or team jacob, twilight mania is in full swing. your entertainment headlines are straight ahead. you're watching "first look" on msnbc. had to be slow. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use, it's the ultimate combination of speed, small size, and low-cost printing. this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. >>> well, in entertainment news, this weekend at the box office, there's really only one movie you need to see. really, there's only one wide release. it's bond, james bond in "s

bond here. barack obama and bill clinton may not have that bond but barack obama and hillary clinton do. there may be -- i've never bought into the idea that hillary could be the heir apparent, if you will, to barack obama. i might buy into it more today than i have in a while. >> you know, chuck, it's a remarkable thing. i know you and i talked about this but they have a lot in common. if anybody knows what they went through in 2008, it's the two of them. what i would not have given to be a fly on the wall in that huddle on the plane. chuck todd from cambodia, thank you. >> all right. >>> back at home some republ republicans are seizing on the crisis a. day after suggesting president obama should send former president bill clinton to try to broker a mideast ceasefire, senator john mccain, yes, the 2008 republican nominee, criticized the president's response to the conflict last night and questioned whether sending the secretary of state to the region would produce results. >> if this, god forbid, conflict escalates and, again, it is a sign of american weakness throughout the region. bef

. >>> and bond king bill gross chimes in on the economic impact of what he is expecting from tomorrow's massive pre-election payroll jobs report. >>> mandy, there is news outside of the storm. zplin deed there is. let's look at what the stock market is up to on that note. the dow is trying for its first 1% gain today since september the 13th. the s&p also rallying today. the index has not seen a positive november since 2009. the nasdaq tumbled 4.5% in october, but it is now having its best day since september 27th. >>> let's get straight down to the floor. bob pisani joins us from the floor of new york stock exchange. nice rally we've got going on here. i would imagine though not quite so nice trying to get in to the nyse this morning. >> it's a mess! but first to the rally. it is the first day of the month. we usually get some inflows. that's what's happening. i love it when it works right like that. nice vol volumevolume for beate. we might make it under the heavy volume. 4 million shares. a lot of beaten up names, techs, materials and financials all doing a lot better today. this is

the judge also barred the country from paying other bond holders until the bill is paid. to come, u.s. retailers are turning on the lights and throwing open the doors to holiday shoppers even earlier this year. will the promise of big deals lead to big profitses? we'll be back at the mall. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today. >>> draghi steps up calls for a single supervise or saying oversight is essential. euro climbing a little bet after data. and prospect of reaching a geel on t deal on the eu budget fades.dea on the eu budget fades. and the annual u.s. shopping frenzy known as black friday gets an earlier start as many americans finished thanksgiving dinner and

opposition politicians threatened to block the bills but eventually agreed to support the deficit covering bonds to finance this year's budget. noda stood his ground. he demanded on wednesday that the ldp also promise to cooperate to correct a disparity in the value of rural versus urban votes and to decrease the number of lower house seats. >> translator: if you agree to this condition i am ready to dissolve the lower house on november 16th. please give your words to the people. >> reporter: ldp leaders agreed effectively paving the way for a snap election. >> we're joined now by our senior political commentator. what issues will voters be looking for in considering this time? >> some will take a look at this election as a referendum on noda's record, i think. three years ago the democrats rode to power on the public desire for change. they ended more than half a century of almost unbroken rule by the liberal democratic party or the ldp. they promised to cut government spending on such things as public works projects. they also said that they would reform the system and vowed not to raise the c

. >> just like the james bond movie you haven't seen. >> i don't have time, bill.peaking of "twilight" the on and off again romance has been taking its toll on will ferrell. >> we hope there is closure there soon. >>> the cast and crew of "the big bang theory" decided to surprise their producers with a "call me maybe" flash mob. the choreographed number was done in front of a live number. >> and news that kris and bruce jenner will be getting a divorce was quickly shot down by the kardashian matriarch saying it was total rubbish. >>> nbc's "parks and recreation" featured vice president joe biden who after going over a scene had this to say. >>> and finally the onion. you know the onion? >> yeah. >> well, it's revealed their choice for 2012 sexiest man alive. it is none other than north korean supreme leader kim jong-un. >> has he ever smiled? >> no. >> i'm afraid to check the issue. make sure there's no familiar faces in that one. >> we worried about that too. it is confirmed, you are clear. i know you were worried about that. >>> i'm lynn berry. this is "first loo

imagine a stock of dollar bills as high as the orbiting space station. bondo find stem cell cures. jonathan thomas told me the $1.7 billion september to date built a dozen new laboratories. funded 1200 papers on curable diseases, and lured to california, 150 top scientists. backing the seven clinical trials, but the fda has not approved even one stem cell therapy. 6 months ago, the doctors got the okay to use a canadian treatment for dying children. >> it's really the new era of regenerative medicine. >> reporter: critics say it's not whwhat voters had hoped for >> when you have, for example the head of the stanford medical school sitting on the board, and millions of dollars going to his school, does that not at least raise the appearance of conflict of interest? >> reporter: stanford has received $260 million. the most of any institution. newark's stem cells incorporated received $40 million. a -- we've learned it was after a closed door hearing in what one board member called arm twisting by the former chairman, and prop 71 author, bob cline. >> regrettabl

imagine a stock of dollar bills as high as the orbiting space station. bonden to find stem cell cures. jonathan thomas told me the $1.7 billion september to date built a dozen new laboratories. funded 1200 papers on curable diseases, and lured to california, 150 top scientists. backing the seven clinical trials, but the fda has not approved even one stem cell therapy. 6 months ago, the doctors got the okay to use a canadian treatment for dying children. >> it's really the new era of regenerative medicine. >> reporter: critics say it's not what voters had hoped for. >> when you have, for example the head of the stanford medical school sitting on the board, and millions of dollars going to his school, does that not at least raise the appearance of conflict of interest? >> reporter: stanford has received $260 million. the most of any institution. newark's stem cells incorporated received $40 million. a -- we've learned it was after a closed door hearing in what one board member called arm twisting by the former chairman, and prop 71 author, bob cline. >> regrett

bond buyers making them feel good is keeping peace within the ranks of our members. we're also working closely with your staff, gathering information, exchanging information on how the billing might be done and so forth. all that's going well. we met with one of the bond rating agencies yesterday for a preliminary credit assessment. >> what did you find out? >> we'll out what we'll find out later. and their issues of protocol surrounding things like [inaudible] credit assessments. we'll cover those. but we're gearing up for a presentation to our board on november 15th. your staff will be there. you're invited to attend. we intend to put before them a number of policy decisions related to the issuance of bonds and the allocation of debt service. we also plan to ask them at this time for the authorities to move forward immediately after the first of the year. so, we're proceeding in that timely fashion. we've already requested the member agencies of about resolutions to certify that they're on board with this. it's not a requirement, but it's a good idea. it allows the bond buyers let everyone know they're on board or not. we have even constructed the issuance so that if an a