that maybe it's not being addressed really by anybody before we go let me just play you what the dallas fed president has been out saying. i'd rather have instead of a giant behemoths bank. i'd rather have five to twelve or whatever the number is smaller banks that used to be the behemoths bank they are smaller institutions who can compete so he's talking about his plan to break up the too big to fail banks he put up another presentation on the dallas fed's website about this we only have a second but what do you think raises the straight suck the oxygen in the room kill these giant too big to fail banks j.p. morgan and everyone take your money out your money out of these banks ok get it out there we go will leave it there that's dimitris plan and along with the dallas buzz we'll see if any of them ever pan out that's all we have time for for now though thanks so much for tuning in don't forget to follow me on twitter out lauren lyster and give us feedback at youtube dot com slash capital account from everyone here at their shows thank you so much for watching come back tomorrow and have a

you're dallas fed manufacturer, texas manufacturing index really slowed down.e sheet last night, by your own acknowledgement, the other indexes are stagnant. you called this a wimpy recovery to begin with. are we at stall speed? the national jobs numbers the last two months have been stall speed. how slumping is the economy, richard fisher? >> we borrowed a little bit during that mild winter that we had. the numbers are not negative in texas, they're just slower. still moving in a positive direction. we are a leading indicator for the rest of the country. this is where jobs are created. we've been a leading job creating state and region of the united states. it's not as robust as any of us want. the reason i think that, larry, is because people are waiting. they're watding to see what's going to happen on the tax front. they're waiting to see what's going to happen. they're uncertain about the outcome. if you're a small business owner or a big business, what do you do? you have to wait it out, even though you may have liquidity on your side. it's happening here

that the people calling for bank break ups which includes you know people like the conservative dallas fed president richard fisher just. sort of spans both sides of the aisle these are the kinds of things that really bolster their argument ok and then since we haven't had you on the show in a while you know i have to i have to ask you about this facebook i.p.o. for a minute at least to get your take and specifically because what we've seen you know mark zuckerberg how much worth has been lost you know just in the last couple of days and then at the same time you see this other effect where kayak for example decided to scrub their i.p.o. because facebook was such a fiasco and so you know a lot of people are asking if facebook really cast a complete dark shadow over this for a lot of tech firms out there is that the end of i.p.o.'s for tech companies what do you say. i think it's. probably overstating the case like with all these things that people take of events at the extrapolate something the end of the i.p.o. window has been shut off a strong growing profitable company will be able to g

and richard fisher, the president of the dallas fed, has said time and time again, and i think he saidesterday or whenever, he's said it on our show, banks that are too big to fail, and there's still a bunch of them, you know, if they're too big to fail, they're too big. and if they're too big, they ought to be broken up. dave schweikert, what's your thought on that? >> and in many ways, this is our own fault. and those of us who are policymakers. look, i actually believe some of these banks are too big. but the way you deal with that is competition. you actually design a regulatory environment so those mid-sized, mid-point, mid-market banks grow, take market share, because the big banks cannot compete and reflect consumer demand as quickly. create a dynamic, competitive market. and that's how you end up with right-sizing. >> all right. let me bring in an old friend, bill isaac. he's a former federal deposit insurance corporation chairman. he's now chairman of the fifth third bank corps. bill isaac, though, i think brad sherman is correct. there really isn't competition. the largest, g

and finally, dallas fed president richard fisher says he's against any further easing, but also not yetime to begin raising interest rates. speaking in california, fisher repeated his view that the fed shouldn't extend operation twist. he says until the fed stops buying bonds, congress will have little in-is incentive to tackett the debt. >>> and coming up next, ism data. looking at the trading day ahead. > >>> welcome back. group on is shaking up its board replacing howard schultz. they'll be replaced by robert bass and dan henry. in march, groupon revised fourth quarter results admit to go a material weakness in internal controls. groupon down nearly half since its ipo price. >> meanwhile coca-cola is denying a report in the "wall street journal" it's been in talks to buy monster beverage. the journal says coke walked away and angry shareholders question the potential deal price. coke spokesman denies that account. . monster controls around 35% of the u.s. energy drink market. its stock up 20% on monday, but gave it all back to close down nearly 1%. so quite a session. >> and delta ai

today, but dallas fed president richard fisher is speaking about ways to strengthen the economy.covery communications are will report results before the opening bell as well as wendy's. after the close, we'll hear from disney and make sure to tune into closing bell for a first on cnbc interview with bob iger at 4:10 p.m. still with us to talk about the trading day ahead is president of global trend investments. tom, let's talk about disney earnings. all ice will be on this company today. looking at it as a barometer for the general economy here in the u.s. and about consumers are spending an feeling better about things. >> i didn't though we were going to talk about disany, but i'm glad we did. yesterday i picked up my 14-year-old from volleyball practice, the first thing he said was, dad, did you you hear about avengers? it killed it at the box office this weekend. my friends say it's the best you've have i ever. so if that's any indication, i think -- we're right here in southern california, a great heck came for the movie industry. i think it's a great segue in to better earni

richard fisher of the dallas fed, jon huntsman made an issue in his presidential campaign in the fallthere are also people on the left who are taking this view, that if you have these megabanks that confer very little value on the economy, on the rest of the private sector, they're able to take on huge risks, they can't be controlled by regulators either because they capture the regulators or they're inherently unable to rein in that risk, why do we allow these structures to continue? we're taking a lot of risk with our fiscal accounts. the imfact on our budget and our national debt according to the congressional budget office will end up being 50% of gdp. so whatever you think about our long-term fiscal issues which are definitely out there, this doesn't help, and it's exactly, of course, a key part of how so many european economies -- not all, but so many have brought themselves to the brink of absolute disaster because they allowed their big banks to get too big, not to be careful with the risks they take, and bailout follows bailout. a year or two years later you see these things

meaning we are at 2% already, which means flat lining or double dip and according to fed officials, rich fisher out of dallas, he says stop kicking the can over to the fed to do your job, congress and job creation, and the fed has done enough, tripled the balance sheets and now the size of germany and has $2 trillion, basically in cash, locked up in the s&p 500, and you have to get some incentive to get the cash up locked to create jobs. >> and, he used the magic word. incentives and they matter and businesses thinking about hiring, think, geez, if taxes are going up i better hold my cash? >> that is certainly true. i do want to know what rick's trainer at the gym thinks of all of this! i would trust him over your sources, rick. in all seriousness, yes, you are absolutely right. incentives do matter. and if you are a business owner, you are clever. you are looking at washington. you realize they are spending much more than they are taking in and that means they have to taken more and that is going to come right out of your pocket. and that means, you will be hesitant to hire, it is quite simple. i don't unde

richard fisher of dallas said he believes the fed's monetary policy has yet to show evidence of working. he's the federal reserve bank of dallas president. he says in particular, the fed's plan to buy $400 billion of long-term bonds while selling the same amount of short-term debt is benefitting financiers and not aiding job creation. philadelphia fed president charles plosser in a speech on economic outlook to the business leaders forum at villanova school of business expressed extreme skepticism with that so-called operation twist, trading long-term debt for short-term debt. and he really didn't think it would encourage business investment or consumer spending. quote -- "i dissented from these decisions because i believe they will do little to kpwraouft near-term -- to improve near-term prospects for employment and they do pose risks." they are very legitimate strong concerns which i share on the current monetary policy of this federal reserve. and it is very clear from the statements of these two nominees that these two nominees will support that policy, will support that direction f

fed provide a back stop? an exclusive monday interview right here on the kudlow report, dallas federal reserve president richardher, right here, maybe he will give us some clues. >>> coming up on kudlow tonight, the spin doctors at work. there is no way to sugar coat a terrible jobs number today, no way. the question is how are we going to fix this mess? i want to be constructive, i would like to be optimistic, you know what, folks, time to kill, we need a strong dose of free market capitalism to revive us. robert reich and steve moore, the friday night fights, let's see what they have to say. hey h. (female announcer) most life insurance companies look at you and just see a policy. at aviva, we do things differently. we're bringing humanity back to life insurance. that's why only aviva rewards you with savings for getting a check-up. it's our wellness for life program, with online access to mayo clinic. see the difference at avivausa.com. it's very important to understand how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more t