the problem with a number of the bric company countries is that there's also the export ing is show so if economies slow down you take brazil for example they're a big natural resource export or so of china's if the europeans and the americans aren't consuming that means brazil exports less product into china and of course india or russia of course also big a big natural resource export or and then you have slowdowns coming from india and china and south africa although they're now a brick nation again a very small player but natural resource exporters so if the europeans and the americans aren't buying the giant chinese aren't making the indians are making and the natural resource nations aren't export and so we see this continuing to slow down the brics aren't going to build it up and arresting gerald always interesting to have your way and that was gerald celente a publisher of the trends journal and director of the transit research institute well now to what a serving k. is coming out in new york a woman by the name of lydia cuomo is trying to redefine the word rape in the state la

kind of now the biggest trader russia now the biggest buyer and there is this term it's coined the brics we're talking about brazil russia india china south africa. these are this group of emerging economies can we expect this group to continue to grow and if so how will that impact the global economy as as we know it. the problem with a number of the brick company countries is that there's also the export ing is show so if economies slow down you take brazil for example they're a big natural resource export or so of china's if the europeans and the americans aren't consuming that means brazil exports less product into china and of course india or russia of course also big a big natural resource export or and then you have slowdowns coming from india and china and south africa although they're now a brick nation again a very small player but natural resource exploiters so if the europeans and the americans aren't buying the giant chinese aren't making the indians are making and the natural resource nations aren't export and so we see this continuing to slow down the brics aren't going to

[music playing] bridging resources in communities, bric, is the acronym. we, as the name implies, we bridge resources in communities with a prevention focus. our primary role is to partner with great organizations like the far southeast family strengthening collaborative. the mission of the far southeast family strengthening collaborative is to be a catalyst for the ward 8 community, really helping the community coalesce around issues of families and children and the issues that they deal with. i think that anytime there is an issue within the family, the entire family is impacted. whether it is mental health, substance abuse, hiv, whatever it is. if one family member is impacted, then it impacts the entire family. family really is anybody that you can rely on. any resource that you have at your disposal to build your own strengths. you do have to look at the whole picture because if you're constantly just focusing on the children or the youth and not their parents or other caregivers, then when they go home there's going to be a disconnect. and if you hav

. >> brics or emerging markets emerged. >> heavyweighted to brics but clearly more countries there. i think broadly if you look at asia, asian equities deeply out of favor. there's opportunity there as well. >> you can actually pick up -- head of research was telling me you could pick up in greece and portugal businesses at a fraction. >> joe, point out as you're talking, dow touching multi-year highs. >> awesome. i'll take it. i think to your point, simon, take a look at europe. obviously the issues there are not resolved. how did marks perform last year, germany, greece do last year? this year you may see european outperform again. things are getting a little less bad. the lesson we learned, markets don't need -- >> i think it's funny that a little less bad is equal to the dow multi-year highs. that's the new normal we've grown accustomed to. >> it's just retraced where it was five years ago, not a jamboree. >> evaluations are significantly better, corporate profits doing well. thank you guys for having me always. >> let's recap some of the -- there you are. let's recap some of th

he invented the term brics to highlight economic reform. he's been with us since 1995. he's always a terrific guest, tooe, he has fantastic insights not only on bric countries but currency market. he was always a pleasure to interview, i found, because he always answered the questions, which is refreshing. >> that's always a good thing. he was a delight to talk to. very informed and informative guy, always enjoyed having him on. wish him well, obviously, in future endeavors as the memos say. all right, everybody. that will do it for today's edition of "power lunch." thanks for watching. sue, see you. >> i'll be home in a few minutes. "street signs" begins now. >>> we are back in buy mode, stocks marching higher once again. wait until you hear from a billionaire money manager on how high he thinks we can go. the tale of two chinas for american companies, one good, one most foul. which one should we believe? plus can we officially blame apple stock dead money. more carmakers may be fibbing just a bit when it comes to your gas mileage. >> if it's a small fib does it count?

look at the pmi in the bric countries, all over 50%. india made a new one-year high even though they are starting to ease interest rates over there so that's a positive. vietnam, which hit a low in july of about 43% in terms of their pni is back over 50% so those another positive. we think the selloff in europe yesterday was more a condition of the short sale, ban being lifted in spain and a little bit more noise, but if we look at city surprise index in terms of european surprises, it's off the charts. it's printed to 70, so all in all we think that the global markets are healing and china is getting better and europe is getting better and greece is off the table and draghi will speak this week. >> right. >> things continue to be positive. >> mike -- >> i'm not sure china is getting better. >> you don't think china is getting better. >> just look at yum earnings. >> according to bmi china is getting better. >> expectations are too high. just for what it's worth in china. >> all right. let's -- >> how about europe? mike, does europe bec

i'm assuming you think china and the bric countries are going to continue to grow? >> yes, i think we'll have inflation problems, interest rates will jack up and those currencies will be strong and those commodities will be strong and everything will be fairly good. this will be a good year. 2014, i don't know, that's too far away. >> what do you think about the referendum in my home country with the eu, do you think that's a big impact over there? what are your thoughts? >> i think those guys are out of their mind. hey, you know -- >> we used to rule the world you know. >> they haven't been invaded since 1066. they regard the euro as an invasion. i think that's a mistake. they have to be there. london is one-sixth of the economy. they don't want the business to go to frankfurt. >> coming up, john, we'll find out where you think the hottest trades are right now. george soros and other well-known hedge fund managers making a winning bet of the dollar and the yen. is it the trade to make or is it done? john taylor has some answers when we come back. look, if you have

do i want to be exposed around the world, talking about the hot sprts, the brics, emerging markets, wherewe stand? >> long-term answer, lock up money for five years, go the places they are going to grow, u.s. and the emerging markets. japan a europe is getting a bit of a rally because they are doing things cyclically and japan is trying as well, but not with my clients' money. i want to stick with a cyclical storey. >> sell more than an idea if you want me to put money in europe. things are troubled there, no in. >> totally agree. i want to be underweight. somebody else's money is going there. i think ecb will lower rates some more, and i think the financial stresses will ease, but europe is in a recession. hopefully they come out of that by the end of this year. >> good stuff. bob, always nice to have you on the program. bob dahl joining us. much more ahead on this special edition of dow 14,000 on the "closing bell." where does the market head from here? our panel will weigh in and still to come, wall street paychecks have not tracked the dow's round trip to 14,000. mary thompson up next

>> well, actually, india's manufacturing pmi for the month of january was the lowest among all the brics. that didn't work out too well. but there was a pull and push in terms of the services of the manufacturing pmi. services was at the best level we've seen in seven months with regard to do pmi data indicating that maybe there's some amount of difference with regards to service and the pmi data. the composite data came in at 51.6 in january, which is flat, but that has pulled up because of the data. analysts assuming that maybe the data would be sluggish going forward simply because, one, the january data for the pmi has not come out too strong and the core sector, basically 0% of the iip came back and grew at a marginal rate of around 2.6% indicating that maybe december was sluggish. since the january pmi was sluggish, as well, the trend for industrial production would be as a whole or manufacturing as a whole would be sluggish. let's see, there will be preliminary estimates from the gdp released by the o on thursday, as well. let's see what they threw up. maybe there would be some am

it's definitely a soft landing and the brics generally are doing well. >> would you say people that want to exit the union are kind of similar to -- >> when you say exit the union, you have to be very careful whether you're talking about the uk and scotland or -- >> no. i'm talking about the european union. are they protected -- you might be looking at this big picture long-term you want to be there because -- >> i want to be there because it's 450 million people. >> that's what i mean. it's like free trade. >> gdp. >> but then i look at the hard working people in the uk which have already been -- you know, they've had to deal with austerity and you look at some of the southern european -- they still live high off the hog. >> that's the point, joe, is that by the time we get to the referendum, western europe will have started to recover. >> southern europe, even? >> southern europe. they're structural and about competitiveness, but there are things that were cyclical. it was interesting. if you listen to the people like buffett, you listen to all the private equity countries, they are sc