be with you always all right david morgan summer start of the air with the biggest one day surge and three years where do you see silver going this year well first of all tell you that max and it's already in the public domain but before i start i just want to give the key word for all markets especially silver and that word for two thousand and twelve is balak till a day we saw it as you say on the open here and got a better than six percent increase in one day on good boy you. go in somewhat sideways in a very broad very ball trading range for quite some time i see silver basically doubling in the course of two thousand and twelve so specifically i'm already on record saying i see sixty dollars silver prices by the end of two thousand and twelve and i think it may take as long as a whole year to get there all right you know it's over and all of course are both financial instruments but there are also political footballs in the united states in particular candidates like ron paul who are trying to bring back honest money and get rid of the federal reserve and make gold and. to what

diane swonk, chief economist at mesirow financial, and david kelly, chief market strategist at j.p. morgan funds. diane, david, nice to have you with us, and lots to talk about. so let's just get going. diane, i'll begin with you. we've seen month of economic reports showing the u.s. economy is getting better. based on what the feds said today is it saying it's having its doubts? >> certainly the fed marked down its forecast from last november which was already weak. and i think what we're seeing is what we've seen many times, instead of henling in the other direction, in 2010 we thought the economy was reaccelerating and then we lost momentum at the beginning of 2011. similar experience at the end of 2011, we finally saw a blip in growth and there's a fear that we'll lose momentum again as we move into 2012, and that's exactly what we are seeing out there. >> susie: david, last night president obama says that the economy is getting stronger, and today chairman bernanke said that it's too soon to say that we're in a stronger new phase. what's your take on all this? >> well, i actually thin

was zero hedge posted this from morgan stanley's david greenlaw pointing out that some of the strength in this report should be discounted because of a seasonal quirk in the currier category of payrolls ok this is. those kind of workers jobs in this sector jumped forty two thousand and december repeating a pattern seen in two thousand and nine and two thousand and ten we should see a payback in next month's report ok so minus those jobs things were about where economists were expecting also retailers added more positions than expected which again could turn out to be seasonal ok this was for december we talked a lot on this show about the seasonal hiring and reportedly even if the economy did add two hundred thousand jobs per month we would get to pre-recession unemployment and till two thousand one thousand ok by then i'll be pushing forty on the bright side back to the courier's maybe it means hey let's roll the video if we have it of this guy maybe it means that someone like that who yanks won't be delivering your breakable glass to your backyard again on the downside this house we

david is chief investment strategist with morgan stanley smith barney. and he joins us along with anthony chan. david, what do you think? >> well, simon, we've been calling, as you know, since october, for somewhat of a slowdown. europe in the session, we think already. u.s. slowing. secondly, it's dysfunctionality. austerity in the u.s. coming in 2013. we're less sang wid about earnings this year. we think they'll only be up 2.9%. consensus for 7%, 8% gain for 2012. next year we think another 3%. that's all. and the consensus is for 12%. so we think deleveraging, dysfunctionality and deceleration are going to hold the market back. >> the markets had a great start to the year. >> 4.5%, simon, you're 1,000% request. no question about it. the bank stocks have performed beautifully. they're up 10%. in the u.s., 12%, 13%. you would basically want to upgrade your portfolio. sell things that haven't moved, that are laggards and stay in consumer staples, stay in health care and utilities. >> anthony, where does the market go from here? >> we think that the econo

and later this week tracy morgan, don cheadle, david cross, brand new la clipper chris paul will be hereand music from tune-yards and boyz ii men. please join us for all of that. our first guest of 2012 is a very fine actress, who, as a youth, escaped a band of wild juice-heads in new jersey to star in "the ice storm," "monster," and one of samuel jackson's two famous snake movies, "black snake moan". you can see her now on tv "pan am," which airs sunday nights at 10:00 here on abc. please say hello to christina ricci. [ cheers and applause ] >> jimmy: christina, where do you stand on ponytames for men? for or against? >> i'm against. >> jimmy: that's good. there's not a man in this room with a ponytail. see, you did you a favor over there, right? >> the bob. the bob is looking much better. >> jimmy: how did you celebrate your new year? >> um, i had dinner with friends and stuff and mostly my holiday was spent on a couch watching reality tv. >> jimmy: really? what are your shows of choice? >> anything with a wife in it. housewife, baseball wife. if there's not a "real housewife" on, i wi

david. welcome to forbes on fox. we'll go to vick quotoria and elizabeth mcdonald and rich and rick and morgan bren an. steve you first. >> stewart, this is an outrage. 30 billion of earmarks should be ignored? this is greasing the skids for big government. they give you congressman barney 10 million and you vote for hundreds of billions in spending. it leads to lack of transparency and leads to mammoth government. getting rid of earmarks is good for taxpayers. >> what do you say rick? >> steve is right that earmarks are a touchy thig. they are never going away so long as congressman and senators have to go home and politic in their district. they want to show people they brought home the bacon. none of the candidates in the republican primary will be challenged on this because their leaders have the worst records. at least president obama promises in the 2011 union speech he will veto anything with earmarks and that is a promise he kept. >> at least, is the debate good to have this election year? >> it is a great debate to have and rick you are too cynical. why can't congressman and congresswoman come

morgan, chris paul. i want to apologize to matt damon, we ran out of time. tomorrow night, don cheadle, david see the full performance at jimmykimmellive.com, once again, tune-yards! good night! ♪

morgan all gained between 2% and 4%. financials got a lift after fitch ratings suggested europe is making progress in solving its debt problems. david riley, the head of fitch's sovereign group, said "the unwinding of the imbalances that led to the crisis is well underway... and the headwinds should begin to ease toward the end of the year." there were also big moves in several retail stocks today. shares of liz claiborne tumbled 13%. the company issued a disappointing financial outlook due to falling sales and the resignation of its chief financial officer. but a different story for lululemon, where shares rose 12%. the exercise apparel company raised its fourth-quarter earnings guidance thanks to strong sales. although the stock has been on a bit of a roller coaster ride, it is up more than 60% in the past year. now take a look at the chart of another upscale retailer, tiffany. its stock fell 10.5% and is trading near year-ago levels. tiffany lowered its full-year earnings outlook on weak holiday sales. the company said jewelry spending was more cautious in the u.s. and europe. several technology firms also issued earnings guidanc

david cassidy. moving along -- >> straight ahead. gdp lackluster earnings a little bit squishy. no deal yet on greece. how do you play this odd mix? top morgan stanley portfolio manager will tell you where he's putting his money. >>> as we head to break the commodities complex on the move. a lot of green on the board with nat gas, gasoline and heating oil on the plus side. copper is on the plus side as well -- or downside today. but the crb overall, fractional moves. back in a minute. unbelievably nice.ryone has mornin'. i guess i'm helping them save hundreds on car insurance. it probably also doesn't hurt that i'm a world-famous advertising icon. cheers! i mean, who wouldn't want a piece of that? geico. ah... fifteen minutes could save you fifteen percent oh dear... or more on car insurance. in what passes for common sense. used to be we socked money away and expected it to grow. then the world changed... and the common sense of retirement planning became anything but common. fortunately, td ameritrade's investment consultants can help you build a plan that fits your life. take control by opening a new account or rolling over an old 401(k)

david, let me turn to you. a note your highest among the banks you follow goldman sachs rather morgan stanley.get your reaction to how helpful it is that morgan stanley seems to be in the poll position in getting the lead of this ipo involving facebook. >> well, i think in terms of tangible financial note no deal makes that big of a difference. but potentially morgan stanley has been over the course of the last couple years it's had some issues with the market looking at their eu position. looking at the mortgage mess a couple years ago. and of course their bad results in '09. they need something good to happen on the, you know, reputational side on the market to feel better about the name. more psychological rather than tangible results. >> you have an outperform on morgan stanley and goldman sachs, but neutrals on jpm, citi and bank of america. >> yeah. >> why do you feel that those three don't get a little higher nudge in your view. what would they have to do differently to get a better rating? >> well, the universal banks are facing a tough long-term future because dodd frank really hits t

morgan, chris paul. i want to apologize to matt damon. we ran out of time. tomorrow night, don cheadle, davidight. [ cheers and applause ] ♪

morgan, brand new l.a. clippers star chris paul, and we'll have music from tune yards. and then on friday a new show with don cheadle, david ii men. so join us for both of those shows. our first guest tonight is one of america's most-beloved television actors of all-time. he has a shelf full of emmys inside his castle made of platinum. he's currently a golden globe nominee for his critically-acclaimed show on the starz network called "boss". >> now's the time, because if we don't, there's nothing left. i swear i'll tear it all down. all that we have, do not question my resolve. >> i got in the middle of this because you didn't. to find out who -- >> no! the truth! >> jimmy: please welcome kelsey grammer! [ cheers and applause ] >> jimmy: well, that's definitely not frazier we saw there. >> no. the truth. >> jimmy: how are you? >> things are great, thank you. >> jimmy: going well? the show is going great? >> very good. >> jimmy: that's god to be a good thing. >> very good thing. took awhile to get it started and sold it, last october and started shooting in chicago. it's been great. >> jimmy: enjoy shooting in chicago? >> c