when cbi was there inspecting a place recently they were doing work without proper containment and there were looms of dust flying on the outside of the building in the open air and that's the same dust that filled our apartment with a thick haze and covered everything and that's the dust that tested for led. oh yeah, and the reason we saw so much inside was not just because of the crack in the roof where everything was coming up, but in the floor boards where we have big cracks. we don't have backs to our cabinets in our kitchen cabinet, you can see the exterior part of the building and it's so bad that when we moved in you can see a bird nesting in the cabinet because there was a hole from the outside. they haven't addressed this and five years when we moved in they said they were going to address that. that's a negotiation on their part. that's probably why our apartment had so much more dust inside than other tenants. >> any questions from commissioners? typically what we do in these situations is we like to give more time to -- for the appellant to provide the documentation that the

they're being more jobs than forecast, it is worth remembering the leader of the opposition told the cbi in october of 2010 they have a program that will lead to the disappearance of 1 million jobs. we have seen 1.6 million new private-sector jobs and 1.3 million more people, more forecasts. >> thank you, mr. speaker. with a million young people unemployed and work programs underperforming will the prime minister think again and introduce the guarantee? >> the work program, an excellent job getting people into work. if you look at the job creation record under this government as i just said, 1.3 million poor people in work, a reduction in youth unemployment, reduction in long-term unemployment, more people in our work force than ever before, more to do to get young people in to work. the best schemes we had our schemes like the work experience scheme that seem to be providing real open jobs for our young people. >> mr. speaker, can i thank my right hon. friend for coming on monday to see for himself how hard first grade westerners are working to get trains back on track. one thing would

one of them is he is no longer going to do chain cbi.ll not make any cuts in any entitlement program. he certainly doesn't do it in this budget so he backs away from last year's budget. at the same time, we have republicans seeming pretty determined not to bring up immigration reform to me. why? because any touching entitlements makes the democrats go crazy and fight with each other and anything about immigration makes republicans fight about each other so they are in their safe places and they're never going to come out this year. are they? >> i would not think this is going to be a highly productive legislative year. >> we didn't think we were going to get any less productive than we did last year but we may set another record for this year. we are in an election year and oftentimes during election years policy matters don't matter. so let's see what happens. i think that there is going to be very small changes. you heard the president even in the state of the union talking about using pen and phones. we are in a small game fight right

inflation has been very low. .round one percent estimates for cbi today at 10:00. smith said they will not cut the key interest rate. he actually said, there is not much they can do. >> key is the outlook. every time you hear mario draghi speak, he says, the eurozone is not japan. it to go towards that two percent target. whether they're going to act will depend on 2016 forecast. two years out, we see inflation well below two percent and then people will question their credibility. >> are the ecb inflation deniers? >> you are putting me on the spot. i would say there is perception to target the inflation target from above and not from below. are they deflation deniers? the ecb will deny deflation to avoid triggering it. thank you. as the interim government pursues international funding to avoid a default. in kiev.cote is let's talk about the former president. is he capable of stirring up trouble from where he is right now? >> that is a tricky one. he has very little support in ukraine. pocket, hethe odd swears his allegiance to him. pictures of his palace, i think

. >> cbi. >> i'm melissa lee. see you again tomorrow for more "fast."m cramer, starts right now. >>> my mission is simple, to make your money. i'm here to level the playing field for all investors. there is always homework in summer and i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. people want to make friends, want to make you money. call me at 1-800-743-cnbc. don't bet against the consumer. it's a

>> cbi. >> i'm melissa lee. see you again tomorrow for more "fast." and meantime, "mad money" with jim cramer, starts right now. >>> my mission is simple, to make your money. i'm here to level the playing field for all investors. there is always homework in summer and i promise to help you find it. "mad money" starts now. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. people want to make friends, want to make you money. call me at 1-800-743-cnbc. don't bet against the consumer. it's a sucker's bet. that's when you look at every place we shop at roared higher today. the dow closed up 179 and nasdaq up just .1% and perfect news for stock market that needed more grounding in brick and mortar reality, and not just the internet 24/7. the market has been living under a cloud since the year began, not cloud computing, which people pay anything for. no, i mean a cloud known as the consumer. we have heard non-stop negatives. consider the challenging shoppers going into this week. jobs are hard to come by, payroll numbers in a row hurting co

of the bank of england says would increase risk to the banking system, an employment policy that the cbisaid would cost jobs, and a tax policy that business leaders said would be a risk to our recovery. there is a crisis in our country -- a crisis of economic credibility for the labour party. >> the whole country will have heard -- he had three opportunities to answer and he could not give us a straight answer to the question. this is a country where, after four years of this government, people are worse off. this is a prime minister who has already given those at the top, millionaires, a £100,000 tax cut, and he wants to give them another one. he can only govern for the few -- he can never govern for the many. >> i will tell you who we are governing for -- the 1.3 million people who got jobs under this government, the 400,000 new businesses under this government, the 2 million people we have taken out of tax under this government, the people on the minimum wage who have seen their tax bills come down by two thirds under this government. that is who we are governing for. the fact is we h

if you look at medical sources component of the cbi, we're in a low inflation era and there's nothing that stands out as special about the relative price growth in the health sector. it's the quantities that have gone down, and you have too decide whether that's good or bad because some of the quandt people should have and don't have, and that's bad health policy, and some which are truly unnecessary and not helpful and we could live without. so, the nature of that slowdown in terms of the welfare properties is not clear to me, and how long it will persist is not obvious. there's the question of what is really changed that would lead too permanently -- there are things you might think about. larger copays, deductibles at of pocket. that is driving things. some changes in payment plans, and certainly more experimentation with putting providers and other entitieses at risk for the cost of the services they provide and that is driving it. but there are also some things that could be very well transitory. everyone in the healthcare sector knows the whole world has been watching. they're a

they're being more jobs than forecast, it is worth remembering the leader of the opposition told the cbi in october of 2010 they have a program that will lead to the disappearance of 1 million jobs. we have seen 1.6 million new private-sector jobs and 1.3 million more people, more forecasts. >> thank you, mr. speaker. with a million young people unemployed and work programs underperforming will the prime minister think again and introduce the guarantee? >> the work program, an excellent job getting people into work. if you look at the job creation record under this government as i just said, 1.3 million poor people in work, a reduction in youth unemployment, reduction in long-term unemployment, more people in our work force than ever before, more to do to get young people in to work. the best schemes we had our schemes like the work experience scheme that seem to be providing real open jobs for our young people. >> mr. speaker, can i thank my right hon. friend for coming on monday to see for himself how hard first grade westerners are working to get trains back on track. one thing would

example, president obama is advocating for something called a change to cbi. the a myth that the social security robinson and payments that social security recipients get. i cannot agree with that. disagree with flood i would haved voted against the ryan budget. >> i disagree with several aspects of the way my party approaches politics. often bullheaded, and little overzealous. our been a pragmatist, and jobs are to find solutions that everybody can agree to. >> there has been a lot of controversy over, and corp. -- o ver common core. position, should the states start over? decisions in the classroom should be made in the classroom. the best decisions are made closest to the student. a schoolteacher. the issue with common core and standards are mandates. there's nothing wrong with embracing the lessons and skills of experienced educators, but what is wrong is when we mandate that our classrooms. i agree, the closer we can get education decisions to families, the better off we will be. about as what we can do that in congress, linking the adoption to common cor

the report by the cbi was released in the senate prepares to debate a democratic proposal to graduallyst today $7.25 per hour minimum wage to $10.10 an hour by 2016. president obama said today that his administration will issue standards for delivery tax by march 2016. he called it a win-win drink, sedate the maryland distribution center for the safeway grocery store chain. here is part of what he had to say. >> today, we are taking the next step. heavy duty trucks account for just 4% of all vehicles on the highway. i know what you're driving sometimes it feels like it's more. but they are 4% of all vehicles. they're responsible for about 20% of carbon pollution in the transportation sector. so trucks like these are responsible for about 20% other on road fuel consumption and because they haul about 70% of all domestic freight, 70% of the stuff we used everything from flat screen tvs to diapers to produce, to you name it, every mile we gain in fuel efficiency is for thousands of dollars of savings every year. so that is why we are investing in research, to get more fuel economy gains.

let me turn quickly to just food cbi.despite these high prices and tight animal product prices, the cpi food inflation measured as percent of inflation rate come excuse me, prices this year relative to where they were 12 months ago has been very low. over 2011 the average inflation rate was about .9% for food consumed at home. it's a very low number relative to more of a historical level of two to 3%. surprising number in one sense. we thought we would see some food inflation with the drought a year ago that it really hasn't emerged. as we move forward, we are forecasting an increase around 2.5-3.5%. this again, they will be talking about numbers later today if i'm not mistaken just right after lunch. but as we look forward, all food inflation and the at home in inflation for food prices looking at 2.5-3.5% for 2014. let me turn the last bit and that's looking at farm income. and now ers did release the net cash income numbers just last week i believe at $101.9 billion. again down, still about $5 billion higher than the 1

this is the first time that cbi fell below the boe anticipation target of 2% since 2009. and it's the australian dollar just above that 90 on handle, but down slightly on the day. back over to you. >> thanks very much. coming up, delivering alpha, we get a hedge fund report card. plus, more snow for the northeast. it's true. oots storm headed this way. >> already started this morning. it's awful out there. >> yeah. it's only supposed to be a few inches here in the city. >> more or less. >> and thank goodness we don't have to shovel for otherwise. that's one perk of living in an ant farm light that. >> but in the burbs, not so lucky. >>> another economic lesson for those stuk, "squawk box" is back. [ tires screech ] [ car alarm chirps ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze, and recondition each one, until it's nothing short of a genuine certified pre-owned mercedes-benz for the next new owner. [ car alarm chirps ] hurry in to the mercedes-benz certified pre-owned sales event. visit today for exceptional offers. ♪ >>> more s