david rosenberg is with us. he says this right here is a buying opportunity, and he is here to name some names of things he likes right now. >> and we've also as you just heard got a new round of stress tests coming out at 4:30 p.m. eastern. those results are what investors in the financials and, frankly, in the broader indexes have been waiting for. will banks be able to up jury dividends, return capital to shareholders and should they? the results could move the bank stocks big time in either direction. this used to be the biggest dividend paying sector of the market. we'll have the results and the fallout to you first. >> leading up to it they have been pretty strong. we will shake things up after the close with shake shack's first earnings report as a publicly traded company. the popular burger joint took wall street by storm on its ipo day at the end of the january. remember that day there, kelly? the crazy line outside the exchange when they set up a mobile restaurant and people couldn't get enough of the

stay tuned to "bloomberg surveillance" with david rosenberg on radio, "in the loop " with betty liu nextood morning, it is tuesday, march 3 and we are live from bloomberg headquarters. we are 90 minutes away from the opening bell and we are all over the markets. stocks are hitting fresh highs. the nasdaq above 5000 for the first time in 15 years. we have a great line of guests. days after the vote on net neutrality, tom wheeler joins us to defend his decision live from the mobile world congress. why it is it feeling like 2007 all over again in the hotel world? that is a good thing by the way. david lichtenstein joins us. it takes a lot of moxie to do it. here is a look at our top stories. benjamin netanyahu may reveal details today about the nuclear talks with iran. he will address a joint session of congress less than three hours from now. he wants u.s. lawmakers to stop any deal that offers come to iran saying it would threaten israeli security. he is appearing at the invitation of house speaker john boehner who did not consult with

up next david rosenberg speaks with us exclusively.e'll talk about these markets in rally mode the economy, the fed policy. what we learned this week from janet yellen. >> currencies. >> thank you. just where i was going. stick around. we're back on "the closing bell." and i quit smoking with chantix. i told myself for so long that i needed to quit smoking. i would quit then i'd go right back to it. chantix absolutely helped me quit smoking. along with support, chantix (varenicline) is proven to help people quit smoking. chantix helped reduce my urge to smoke. some people had changes in behavior, thinking or mood hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. some people had seizures while taking chantix. if you have any of these stop chantix and call your doctor right away. tell your doctor about any history of mental health problems, which could get worse while taking chantix or history of seizures. don't take chantix if you've had a serious allergic or skin reaction to i

david rosenberg says wait until next year. this week's job data will give us more clues. we will get the adp employment report which will provide the signal on wage trends ahead of friday's job data. the fed, releasing its beige book. there is a lot for economist to be clenching over this morning. car over to donna -- carl, going to sort it out for us. are we going to see a lot of negative news because of the winter? >> there are two angles we have to focus on. one is the ongoing absence of wage pressures in the economy. yellin highlighted that in her testimony before congress. the page book has his did -- has hinted we are starting to see wage inflation and shortage of skilled labor. the easiest way to have workers show up is to offer higher rate of compensation. we have been seeing that in the beige book. we will look for broader evidence of that an actual evidence that employers are raising wages. betty: could you point to walmart and others who have come out with a lot of press, saying they are raising wages? >> we are getting close to the level of unemployment where

david rosenberg even looks for some form of wage inflation becoming cost pushing. dr.e are not seeing that so far, tom. this last report was 0.1% increase in wages. tom: agreed. dr. shilling: you are getting low paying jobs being created and you have globalization and businesses under tremendous pressure to cut cost. tom: you would recommend that olivia sterns by the 30 year bond this morning? dr. shilling: yes, i would. tom: why? dr. shilling: let me tell you why. [laughter] the yields on almost every european sovereign are higher than american. is the portuguese ten-year sovereign a better paper than the 10 year treasury? i don't think so. tom: this is important. 99% of other people say the portuguese yield will go higher. ndamukong suholivia: why? dr. shilling: why? tom: you both said why at the same time. dr. shilling: i think this is the euro of the dollar. why wouldn't people buy treasuries and sell european debt? what am i missing? olivia: you brought in a monopoly game of inflation? i assume you made this yourself. if we are printing all of this money and the f

david rosenberg is with us.uying opportunity, and he is here to name some names of things he likes right now. >>

morton sobell who is convicted and tried with the rosenbergs has yet to get a serious biographer. david greenglass has only one serious biography. as for the other half dozen members of the rosenberg bring none have serious scholarly attention except for two recently defected to the soviet union. there are academic articles dissertations, and books on peripheral aspects of the rosenberg case. studies focusing on cultural tropes, media coverage, but these peripheral studies largely of old -- largely avoid the original case, did the rosenbergs participate in soviet as panache? what did others in the apparatus actually do? these accounts often take a position of a gnosticism. not asserting the rosenbergs innocence but not acknowledging the weight of evidence establishing that julius rosenberg was a soviets by. why does avoidance of research in the core of the case by academics? i hope later we will have an opportunity to discuss this. >> we will. i'm curious about one point. if there were 50 academic studies, and 50 phd's written about it, what large issues would come up that we don't know

rosenberg on. they didn't mean david, they met jeffrey. how much fun is this for you?ave talked about this for so long, the unprecedented historical interventions by central banks have consequences and one of the biggest consequences this year has been diverted's in monetary -- divergence in monetary policy. you have the fed about to signal the end of six years of zero interest rates. tom: this is not in the textbook, it is not in for rosie it is not in able bernanke, how do companies react to this? how do the banks react? guest: everyone is reacting and you are seeing a couple of important developments around this divergence. one of the most interesting ones relevant for fixed income investors is a slug of u.s. companies go over to europe and issue debt. olivia: coca-cola. guest: it makes sense because they are taking advantage of low level interest rates. that is one of many different kinds of iterations. tom: how does siemens plan? olivia: it is a brain trust in bavaria. a tight circle. guest: what tom is highlighting is a good point there are unintended consequence

the files reveal the julius rosenberg had recruited another spy besides david greenglass. engineer who helped held the atomic facility in tennessee. they also revealed that ethel rosenberg was involved in recruiting people like her sister-in-law for espionage work. and that the information passed by david green glass -- by major atomic spies particularly theodore hall. the kgb described these messages as highly valuable. next was a book that detailed the espionage carried out by members of the rosenberg ring. both had escaped the united states before the fbi had a chance to arrest them. they ended up in the soviet union, where they used their expertise to develop the microelectronics industry and create moscow's version of silicon valley. most recently, alan harmed them -- alan hornblume wrote "the invisible harry gold. " he explains sympathetically why he decided to engage in espionage and reaches the conclusion that gold told the truth and that julius rosenberg and his colleagues were not. gold was labeled either rosenbergs defenders as a delusional psychotic. whereas th