bullard's. the gun was mr. bullard's. the last phone call from the victim was to mr. bullard's apartment. >> but despite the overwhelming evidence, bullard not only denied he was the killer, he came up with the incredible tale that someone must have stolen all his things, committed the crime, then returned them. get 36 months interest-free financing and save up to $500 on beautyrest and posturepedic. get a sealy queen set for just $399. even get 3 years interest-free financing on tempur-pedic. but only through presidents' day at sleep train. >>> the prime suspect in virginia russell's murder was justin bullard. inside bullard's apartment, investigators found all the evidence they needed for a conviction. virginia's blood was found on bullard's boots. his handgun was the murder weapon. names and phone numbers of escort services were near his telephone. and virginia russell was paged from bullard's phone just hours before her murder. >> looks like rambo, acts like rambo and dresses like rambo, it may be rambo. >> bullard claimed a roommate might have committed this crim

james bullard is here. he is the president of the st.ur economics editor, michael mckee is joining us as well. join you andt to get your views on how things are going to turn out by the end of the year. janet yellen basically told us that things are status quo. , couple of bad jobs reports but tapering is underway. how do you reconcile what seems to be a contradiction -- the fed is pulling back, still stimulate in, but stimulating less and saying at the same time there is a lot more to do? >> i think she had it right in the testimony. we are buying. we are buying a lot of bonds. not quite as many as in december, but we are buying a lot. the economy is improving and things are getting better. if you look at fourth quarter jobs, about 195,000 a month, including the bad december report. down to six is point six percent. gdp growth in the second half of last year. we are looking at a stronger economy. i think we have momentum for 2014. i am not seen anything so far to dissuade me from that. >> is it fair to look at the jobs number as a data

bullard.the agenda, will the economy survive the winter? fed chair janet yellen's vision of monetary policy. and creating jobs in america. crisis in ukraine. an uncertain future for a government in transition. should investors avoid investing in the region right now? all that, plus apple opens up to shareholders. the second hour of "squawk box" begins right now. >> good morning, everybody. welcome back to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host, st. louis fed president jim bullard. >> thanks for having me. >> first let's take a quick look at the futures. yesterday, the s&p pushed through the highs that it closed last year. 1854 is where it closed yesterday, pushing past 1850 for the first time this year. dow futures down by 5.5 points, s&p futures off by just 1.5. the ten-year note, the yield continues to hover around 2.67%. that is still near a three-week low for the yield on that. and tension remains high in ukraine. especially

louis fed president james bullard. and the behind the scenes look at last nights state dinner for french president francois hollande. president obama signs an executive order raising the federal minimum wage. >> to our viewers in the united states and those of you around the world, welcome. we have full coverage of the stocks and stories making headlines. julianna goldman has more on the white house state dinner. michael mckee has highlights of his exclusive interview with st. louis fed president james bullard. michael is with me in studio. this was a wide-ranging interview that you had today with mr. bullard. what are some of the highlights? >> he sees much better growth this year than many other people. three percent or better. he says the on implement rate could come down to 6.3% -- six percent by the end of the year. the fed has a conundrum. they anticipated 6.5% two years from now, and that was the threshold to talk about raising interest rates. what happens if you hit six percent well before that? that was a ques

bullard thanks for being with us.heard from the mayor of richmond that she really believes this is environmental injustice, environmental racism. what would lead communities to believe this? >> well, i think the problem is that there are too many convince denses that's happening across the country. if you look at where many of these refineries are located they are too often located near low income and people of color communities. so when accidents happen, the people more often affectare people of color. >> what places? >> beg your pardon? >> gulf coast communities, west coast communes, where are we talking about? >> we are talking about communities from the west coast to the east coast whether it's richmond or whether it's in wilmington or carson, california, houston, texas, south philadelphia, southwest detroit. if you look at the map you can see that there are hot spots that need addressing. we need a better and a more rigorous chemical facility safety and security. so that these communities that are on the fence li

to florida city commissioner brown, senator dwight bullard and commissioner moss and long-time civic educator and activist, rosemary fuller. mr. garcia: we must always remember the great leads that are have come before us and are marching forward to fight for civil rights and equality for all. mr. speaker, i yield back the balance of my time. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from florida seek recognition? without objection, the gentleman is recognized for one minute. >> thank you, mr. speaker. tonight i honor one of the most respected dairy leaders in the state of florida. red larson. as he celebrates his 90th birthday. in the 1930's he worked as the local paper, saving and investing his money until he could purchase his first dairy cow. by the time he graduated from high school, he owned six cows, renlted eight more and had 21 calves. after a half century of hard work, red merged 37 dairies into the three that now make up larson dairy incorporated. which he and his two grandsons currently own and operate. larson dairy pro

no secret escaped members of bullard talks about janet yellen and the taper.mberg exclusive and we will bring it to you next. don't park your corvette at the national corvette museum. eight cars were swallowed up in a sinkhole inside of the museum. six of the cars were donated by private donors, two were owned by gm. this is inside the museum. i can't even imagine. ♪ " on as is "lunch money bloomberg television, streaming on your tablet and your smart phone. we are everywhere you are. i am adam johnson. made her first appearance as the fed chairman in front of congress. that happened yesterday. eveneaction was positive, from those who have been critical. today we decided to speak with the president of the st. louis fed. stephanie ruhle on "market makers" earlier. >> i think she had it just right. we are buying a lot of bonds. not quite as many as in december, but we are buying a lot. the economy is improving. things are getting better. if you look at fourth quarter jobs, about 195 thousand a month, including the bad december report. the six pointown six percen

louis fed president james bullard.nd the scenes look at last nights state dinner for french president francois hollande. president obama signs an executive order raising the federal minimum wage. >> to our viewers in the united states and those of you around the world, welcome. we have full coverage of the stocks and stories making headlines.

louis, james bullard. that will be tomorrow at 11:00 a.m. eastern. and we will be learning more about bitcoin and bitcoin exchanges. the first publicly traded company with the word bitcoin a minute is bitcoin shop -- with the word bitcoin in it is bitcoin shop. we have the company's chief executive charles allen joining us now. i was thinking maybe janet yellen was going to have to take a position on this cyber crypto currency called bitcoin. how do you describe bitcoin to those of us using regular money? >> i would describe it as a virtual currency. there are a few. bitcoin has the largest market value, almost $9 billion. bitcoins are created through a process of mining. it is similar to mining going -- mining gold. you have to go out and do work to get it, but it is computer power didn't set of axes and shovels. or tractors and equipment. the effort gets harder and harder each time a bitcoin is mine. you need to invest in expensive computers to do it. it is controlled by a peer to peer network. >> i got to stop you there. when you went to the peer

robert bullard, thank you for being with us here. >> ahead in a final thought, a monumental effort. >> people need to understand that monuments are living history memorials and they have the opportunity to learn about communities and themselves, and thus, we need to be sources for these sights. >> american heroes, they served on the battle feed and return now to heal memories. i[ bugel ] >> mt. ver enron, across from the nation's -- >> matt: mt. vernon, across from the nation's capital. finally from us, a thought about memorials and memories. a national project that brings american heroes to its historical markers and helps restore and repair the wounds of time. >> my name ask eugene huff. i travel across america restoring monuments and preserving american history. >> eugene huff served nine years in the pennsylvania national guard. now he spends his time restoring monuments that honor the war dead and in the process, heal those who fought. >> people need to understand that monuments are living history memorials and they have an opportunity to learn about their communities and themsel

his failings, he had led his country for quite a few years and done constructive things and was a bullard- bulwark against a communist takeover. he was reflecting on his own inclinations about having allowed such a coup to take place. also, the concern now that the united states was going to have to take greater responsibility for vietnam than it had taken in the past. kennedy was keen to get out of there. he had a conversation with my stol before- mike far he went to dallas texas. turned, he wanted a full-scale review of vietnam including the possibility of getting out. i don't know what he would have done. i don't think he himself knew what he would have done. i love the anecdote that when he first became elected, arthur schlesinger, bobby kennedy asked off their -- asked arthur if you would like to be an ambassador. arthur said no, i would like to be at the white house. a few days later, he saw the president-elect. schlesinger said, what will i be doing that? kennedy said, i don't know. i don't even know what i will be doing there. we will both be busy more than eight hours a day. he u

. >> top fed official, james bullard, president of the federal reserve bank of st. louis said today he expect that is the recent weaker, weathered data will reverse between march and may, eliminating weather drag on the economy. some private economists believe though it may take several months for the weather effects to wash out of the economic reports. i really hope that does not mean that they are predicting floods. back to you. gerri: peter, we're covering that later on in the show and possibility of this as all this snow starts to melt, it has got to go somewhere. peter, thanks for that. thank you for the spring puns. i appreciate it. >> thanks. gerri: so, is the weather a temporary blip on the economy or the sign of something more fundamental going on? here with answers, rick sharga, with option as.com, and lance roberts, chief economist at sta wealth. rick, i will start with you. you are a housing expert. we got numbers today, how 6 how disappointing. housing starts down 16%. builder sentiment also bad here. is this a lull in a broader recovery for housing or

james bullard of the st. is significant. sound a little bit hawkish because we're at 6.6% on unemployment rate. if 6% is full employment rate the fed will have accomplished its mandate and goal of full employment with a 6% number maybe sooner rather than later. so, got to, watch, we're going to watch this and see if it gets any traction from the full fed. he also says that the weather has affected the economic numbers this winter. we've seen softer economic indicators. attributed to the weather and he says the recent data hasn't deterred his outlook on the u.s. economy which is for expansion this year. back to you. sandra: all right, peter. well it is significant simply because six 1/2 had been a benchmark. >> that's right. sandra: this is indicating new benchmark. peter barnes. >> and tightening or raising interest rates. >> how long will we keep blaming the weather? probably into july. sandra: adam shapiro is in for melissa francis on "money" today. adam. adam: sandra, blame the weather on something else. t

i do think, it is interesting, bullard made comments about, you know, he thinks unemployment rate wille're more normal economic environment by end of the year. very interesting from another federal reserve president. they're putting a spin on very rosy until they change the forecast. well they could change the forecast. i was supposed to be in washington right now. my trip got canceled to washington for the same reasons that janet yellen's testimony got postponed. it is interesting to me there was, almost for me too much continuity but just right for financial markets. yellen needed to show them. she is part of the team. she has been crafting message for years to come. liz: giving our viewers, what is on horizon, what would flex muscle in different way than ben bernanke? >> communication will be key here. real challenge is what if we get 6.5% on the unemployment which is entirely possible. this is threshold and talking about it qualitatively. what they like is not nuances. as she moves away from targets, as she appears to be doing. not really numbers matter what conditions are. markets

liz: lockhart was joined by bullard that the u.s. economy is facing its best prospects since the financial crisis. in a interview with "wall street journal" that it will likely have the fed reduce its monthly purchases. david: housing starts lower than forecasted last month, dropping 16% because of the freezing weather. this was the biggest decline in three years. liz: labor department says there was little inflation. the seasonally adjusted producer price index rising.of a percent in january. david: spirit airlines stock gaining altitude after an upbeat earnings report. the budget airlines fourth quarter profit beating estimates helped by more fee revenue and wider margins. liz: shares of navigation equipment company garvin jumped after the fourth quarter profit jumped 27%. the ceo exclusively on "money" with melissa today sounding a very optimistic tone. "after the bell" starts right now. david: let's get into it as we see the market trading to the downside as we close here. todd horowitz is average joe options.com author and found

. >> phyllis giles and state senator dwight bullard, thank you. >> thank you. >> so much for your timeomise we'll be following michael's story closely. >> thank you, reverend sharpton. >> thank you, sir. >>> still ahead, is chris christie trying to avoid questions about the bridge scandal? we'll tell you what happened at a town hall held in very friendly territory. >>> plus, the gop's ted nugent problem. why are some republicans trying to downplay his vile comments about president obama? >>> but first, a new attack ad against obamacare is making headlines for all the wrong reasons. it's tonight's "got you." [bell rings] [prof. burke] at farmers,we make you smarter about your insurance,because what you don't know can hurt you. what if you didn't know that home insurance can keep your stuff covered,even when it's not at home? or that collisions with wildlife on the road may not be covered. and what if you didn't know that you could be liable for any accidents on your property? the more you know,the better you can plan for what's ahead. talk to farmers and get smarter about your insurance

yellen plus first testimony carefully but also don't miss the exclusive interview coming up with james bullardof the st. louis fed on "market makers" at 11:00 a.m. today. this is a look at today's top company news -- the hewlett- packard ceo wayne -- meg whitman is being sued by an angry investor. it alleges that mismanagement of activism has destroyed shareholder value at hp. toyota is recalling a majority of the hybrid prius cars. a software glitch could cause the vehicle to slow down or even bring it to a halt. no accidents or injuries have been reported related to this problem. home depot will hire more than 80,000 temporary people to prepare for springtime. that is the same number it hired in the previous two years. they say spring is our christmas. after this winter, everyone will be excited to get outdoors and plant all those flowers. coming up, you never know what to expect from the softbank billionaire ceo on we will take a look at his approach to dying to mobile -- to buy nt mobile. we will take you inside the business of trapdoors. stay "in the loop." >♪ "in there watching loop," on

joe kerr was talking to bullard today. >> that was a great exchange between kerr and bullard this morning. >> great stuff this morning. >> and the crises maybe in the ukraine and i don't like it when there is no crises, because that means that there is something that we haven't seen, but the numbers are okay. i'm still trying to figure out how the common stock shareholders could be on such a different pace and talking about credit with the bond buyers. it is on a different page, and it used to to be selling the bonds if the people who are buying the retail stocks are right. >> right. you are right, but usually you want to look to credit rather than the equity markets. >> and would you rather sell the third biggest bond market in the world, 3.5% italy and pick up the u.s. ten-years at a decent price. maybe that is what is going on. and italy is less stable than the u.s., and i don't want to cast dispersions on italy. >> by ours at 3.6 or theirs at 2.9. >> yes. the 10-years. >> we got another letter from carl icahn. >> and it is 9:00 and you can set your clock by these. >> and do you think

i think bullard from st.percent by the end of the year and then you have this 6.5% but they did not mean it. putting a specific target is probably a mistake. they have to be looser in the guidance. the markets like certainty but you have to be flexible in this case. >> i mentioned is appointing data out of china overnight. how concerned are you about a slowdown in china? >> i'm going by the numbers, they still had seven percent gdp growth. we would die for that now. the gdp growth is still there and i am not too concerned. we have had blitz where manufacturing has gone soft and it has come back so let's see what happens going forward. it is not bothering me right now. sessage, thanks for joining us and we will be back "on the markets in 30 minutes. >> live from bloomberg headquarters in new york, this is "market makers." what's up --not really. .hatsapp facebook shells out $19 million -- $19 billion. >> the world's most productive ag area shriveled by a historic doubt. erik schatzker reports live. >> dozens d

louis fed president james bullard will join us as a guest host. >>> at 8:00 a.m., an exclusive interview mow buus will join us live from rio this morning. we'll get his view on the situation in ukraine .other hot spots. we start this morning with the rising tensions in ukraine. the country's central bank governor reassuring markets that it does have enough reserves to pay off critters. the prime minister says it hopes to get international financial aid in the near future to stabilize the gorn

bull bullard was there and shared his own stories. >> he was injured when a hoop crashed down on him.hter who was helping to save a life. >>> and later, people who love mixed breeds, i hope they love the saying, every dog has its day is true. the westminster dog show is welcoming mutts for the first time. we have the story of one little contestant who is already deserving of a prize. check him out. you're watching "world news now." ♪ one moment in sunshine ♪ >> announcer: "world news now" weather brought to you by consumer cellular. "world news now" weather brought to you by consumer cellular. ♪ >>> well, firefighters who went to the aid of accident victims on a california highway got caught up in a flap with the highway patrol instead. >> one firefighter was handcuffed and put in the back of a police cruiser as the car lay upside down on the road. reporter allison ash much our san diego station has the story. >> this is ridiculous. the chp is arresting -- >> reporter: that's radio traffic from one of the firefighters helping two people injured in this upside down mustang right after

," a couple of my colleagues wrote about it, talking about slack in the economy, talking to james bullardhe said we can't trust our old models. we have to be aware that the fed has done unprecedented things and inflation will rear its head. four years later, that has not happened. the consensus view has been wrong every year. >> including the federal reserve. >> exactly. i understand we're talking about a 2% forecast for the end of the year but given recent history, should we be so convinced that this is finally going to be the time that pans owe snut. >> is it different this time, matthew? >> it may be. i think the challenge for the fomc is to recognize growth may continue to be slow and inflation pressures may remain quiet or, again, that falling unemployment has been so much faster than the fed and others expected, those inflationary pressures could arrive within a quarter or two. the consensus forecast for interest rate increases still being a year to two years, may be very youoff. it will be hard to tell and we'll see what happens. >> all right. >> thank you both. that was fun. love

>> we had comments from bullard in the middle of the day that seemed to imply the economic news has beene not going to change. i would have thought that would have been somewhat supportive of the market. volume has been pretty good. it's an options expiration but not enough to really support the market overall. i think the bottom line is it's the great disconnect. economic news a little discounting but the market is holding up very well. >> we talked about this in the beginning of the last hour. newmark, that's still a winning formula for stocks? >> it doesn't feel right. look, it just does not feel that good, kelly. the economic news has been mediocre. >> right. >> earnings have generally been kind of mediocre. the only reason the market is where it is right now is because of the fed. you take the fed out of the equation, and i think the market has a long way to go. >> but they're not really out of the equation. you know the second it looks like growth is stumbling or markets are tumbling, that support is still there. >> how much longer, kelly, can we go through this? that's my question

around bear stearns, lehman brothers, and -- >> it will be interesting, but i will say we've had bullard and others who said when they knew it was being recorded -- when greenspan started doing that, it was more honest conversation. once they found out it was being recorded, people changed what they said around the table. >> not a minute too soon. are they releasing it so we can sdooi decide on our top to 25? >> bingo. >> because we don't know now, bernanke versus greenspan, versus -- so now >>> this end, canada on top by 2. grit britain throwing this stone here has the hammer. the last rock advantage in the fifth. women's semifinal game. the winner moves onto the gold medal match tomorrow here at the ice cube curling center. nice stone there from vicki adams. >> vicki's playing very well today. makes a good double there. does roll behind the canadian guard a short distance there so they'll be able to play the run back. >> i like that sign. eve muirhead, the lady of the rings. >> makes the run back. the target rock goes rolling across the rings and now eve muirhead will have anna sloan t

reality that to be effective the guidance must be trusted by market, would you agree with president bullardal thresholds and much more work toward the more qualitative approach which would give you more flexibility and yet still give the markets guidance? >> so there are many different views on our committee about what the right way is to cast forward guidance. and this is something that we have been debating for a long time and will undoubtedly continue to discuss as the unemployment rate gets closer to this 6.5% threshold. i think we have already clearly indicated, and i emphasized in my testimony, that the unemployment rate is not a sufficient statistic for the state of labor market. there is no hard and fast rule about what unemployment rate constitutes full employment and we need to consider a broad range of indicators. many members of the committee have emphasized this point and it's one i agree with it moves in the direction of qualitative guidance. on the other hand, we do want to give markets as much of an indication of how we expect to conduct policy as we can. we did provide some