>> davos time is -- it's noon in davos. >> it's like 5:00 in the afternoon. no, it's the -- i don't know where i am or what i'm doing. >> it's noon in davos. it's 6:00 a.m. in new york. 3:00 a.m. here. i see, by the way, becky, you're wearing red, becky. >> i am. >> and sara is wearing red. i've got the tie on and this is for heart health month. >> women's. >> you have an excuse. you were packing a week in advance. i barely remembered. >> right. and i had a -- i had a six hour delay on monday with all the snow. my luggage got lost. but you know what? i have been watching, andrew. i was ready. we never got below 5.8% down on the s&p. never went -- and i was watching, making sure. now we're back to 4% after that nice move yesterday. so 5.8 bers is the extent. >> 5% correction. not even 6%. >> it got a lot of attention. a lot of pooem people talking about it, the vix. >> you wonder if it's really over at this point. >> you do. but i've always said if the bull market is going to continue, it usually doesn't let people buy things on sale feeling really good about

liz: here's what john chambers said to us in davos, emerging markets are week right now. the closing bell ringing in 49 minutes. western union has come such a long way since it was founded 160 years ago. now it is facing powerful competition in the world of global payments. can it fend off rivals like paypal and square and bitcoin? the ceo joining us in a fox business exclusive, and atlanta frequently called hotlanta. that is anything but right now. you're looking at pictures that have come since the snowstorm began, it is getting worse. stay tuned. ♪ (vo)ou are a business pro. seeker of the sublime. you can separate runway diculousness... from fashionhat flies off the shelves. and you...rent from national. because only national lets you choose any carn the aisle... and go. and only national isanked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like pro. what'swithout the thinking capitathat makes it real? what's a vision without the expertise to execute it... and the f

davos was a little nicer, right? >> yes. keep warm.hat subject here, the top 11 00 flights were canceled on tuesday and more than 2,600 have been scrapped today due to the storm. so do check before you travel and stay safe. now, the futures of big labor in the u.s. could hang in the bag this week, hinging on the outcome of a vote in the auto plant in chattanooga, tennessee. bertha coombs has all the details. she's at cnbc hq. bertha, tell us the details. >> thanks, julia. good morning. more than 1,500 workers at volkswagen's 3-year-old plant in tennessee will vote over the next three days on whether to join the united autoworkers union. if that happens, it would not only be a huge symbolic victory, but could be a springboard for the uaw to try to organize other foreign-owned auto plants in the southern u.s. that's where the bulk of auto jobs have been added since the late 1990s. vw has been largely neutral on the on vote, but announced an agreement to coordinate messages to workers. if the uaw wins, vw could create a german-style work

i was in davos. the a said, we have to focus on iran.have to start that connection now. >> i was at davos as well. and i received the chairman of the oil and gas committee, president rouhani. he came there to invite all of us to go back to iran. for us, we have been in iran since 1955. we have an office there -- this has been authorized. so we are not in trouble. of course, we would like to go back to iran. still, i believe that the best way to go back to iran is to respect sanchez today in such a way that the regime would be pushed to find an agreement with the western world and this would open up for all of us to go back to iran. >> thank you so much for now. the tv executive. we will talk about the political situation in italy next. >coming up, we will head to rome for the latest medical development as prime minister enrico letta steps down. the rising star matteo renzi. factory that produces starbucks. we go to the heart of germany's digital economy next. we are "on the move." ♪ >> so this is politics italian style. italy's prime min

. >> i was in davos, the most healthy place in the world. every person that i walked by was smoking a cigarette. i was like -- even in the fresh mountain air, but i don't know if they would be talking about it. over in euroland, the guy in the paris airport has a big cigarette in his mouth, right? >> yes, but they have banned it indoors in most places in europe. it is kind of ironic in davos because this is a recuperation cent center. >> i was where the lights go out at night and you're walking through -- i thought about you. >> i was afraid. >> i was walking down the pitch black hall. anyway, go up. >> that's the unusual aspect as we may say. we are three hours into trading day here in europe and came back down to the lowest levels of the session. advances are pretty evenly matched on the box 600. more gapers than losers but ftse, here we are todd, absolutely flat waiting for the numbers. chemic chemicals and banks here, the third worst performer. this is up 1.9% and they added some scandals coming in here as they launch an investigation af

live coverage of president and his opening speech at the world economic forum currently underway in davos switzerland or is held by the city my hair. he's the one. name it's easy to use it. is it going. tot the layout. jeans to me. information board. in the system. they are not tasty. his team. she was back there. eight staff were all in good form. a twenty five minute speech he elaborated on the vision of a great economy a bit eerie three free ideas. he also works are considered to effectively utilize him after that. a few of the ideas that you mentioned it's completely new and i mean that in the way to get the point here the city i have to see. or will be my the it's been. the honor cute animals. these images for use or decoration. each one is a tasty candy designed to be cute too japanese art of making it to come to school to the school of design. it takes many training in march due to become one of these are two options. the candy will meet his teacher to eighteen degrees to make it soft employment. this tells the man who says this approach used to separate pots when he instantly whic

>> guest: the davos form has been going on for 10 years and was organized by the news agency that is now being dissolved but for tenure should organize this interesting meeting for foreign experts on russia. we have had dinner with mr. putin basically every year since then. and he is a very impressive political leader. he is a man in charge. he will come to these dinners and give three or four hours of his time answering a variety of questions which not too many world leaders that i know would do. he never uses notes. he never talks to any of his aides to ask them for help. he is particularly interested in economic data and energy. energy is the subject he is passionate about. and he is respectful. he can be sarcastic sometimes when he wants to be. he can also use his own kind of charm so i think everyone that is met with him on these occasions has been very impressed by the amount of time he is willing to give to this group of foreigners and to answer a variety of questions and sometimes even complains if the questions aren't tough enough. that's not surprising since if you're the l

he sat down with ali velshi in davos. >> i decided i wanted to help my country and help the aaron peoplend put my business skills to the country. in haiti we have 85% of our educated haitians that leave and work in the united states, europe, and we're trying to tell them that now the country is a better place. it's the safest place in the caribbean right now. we have inviting the haitians to come back and help news rebuilding effort and reconstruction effort. >> ali's interview ails tonight on al jazeera america. >>> regarding that decision by cvs that he talked about at the top of the show to stop selling tobacco products a little skepticism is in order here. the company said it wants to make a pivot and have a deeper involvement in the healthcare sector. that's fine, but in my view if cvs wants to strengthen its ties to good health, the company stores need to make more changes. if you walk into any cvs as i do nearly every week you'll find aisles dedicated to sodas, sugar drinks, pretzels, chips, candy bars and things that are not healthy for you. some cvs do sell fruit, but over all i

i spoke to him last not in davos, switzerland, this is what he had to say to that. >> you'll have access to information anywhere you want, and with the consumer protection issues, this is when i want to make this decision. there is education and the internet. now if the internet had everything is five to ten times the impact of the next decade, it will change education, and we'll participate in ways we never had before. i can walk through examples of healthcare where we walk through the doctor's office, you already have given them all the an information that they have. and you'll have a child anywhere in the world who never saw a doctor in their life will suddenly have a video conferencing with two doctors in beijing that will make huge differences in their lives. >> coming up, volkswagen, uaw, and the whole auto industry hanging on the outcome, you're watching real money. keep it right here. >> lisa fletcher with what is coming up on "the stream" . when you say bds most people won't know what you're saying with. when you say the flap over soda spring. >> bds that is taking hold globally

is trying to drum up some publicity and also some investment so you know i was in davos just just the other week he was there he was talking to oil majors. including some i about as well from the u.s. and he basically said iran is i believe the business to go completely different story hit the reason why he's saying this is because his economy has been crippled by the sanctions we're talking forty percent inflation five percent recession he's undepressed to himself to get relations kickstarted with the oil industry and indeed any other whether it be called pharmaceuticals all materials out emerged out of the afghan government has been holding secret talks with taliban officials to try and tackle the country's volatility discussions took place three weeks ago in dubai but reportedly achieved little although afghan officials remain confident they will eventually bear fruit the u.s. has voiced its support despite washington having spent billions of dollars in ten years fighting taliban militants there and there is the ongoing wrangling over america's role in afghanistan beyond two thousa

take you to war look how they keep instigating the war talk with china and japan you heard at the davos meeting banging the war drum you saw what he did he went to the shrine where they have walk rebuttals barry to give them another you know shot they privatized the art they bought the iowans that are it spewed and that of course china has retaliated so again these are all things annulling policies and what they do is they then bang the drum for nationalism now you've talked about america as descending into mussolini style corporatism can you provide some examples that exemplify this for words this is not capitalism for words proved it too big to fail in capitalism is no such thing how do we bail out the corporations the big banks financial institutions industries. by definition applies amo mussa levy the merger of state and corporate powers it's a multi national takeover at every level you were talking before about hedge funds private equity groups vulture capitalists this did not exist when i was a young man everything has been deregulated so put all the powers into the corporation oh

middle east expert this and there was a lot of excitement going on with the oil and gas industry in davos have just got bought vescovi reihana he was talking about the fact that he thinks his economy can make the top ten in the next three decades tell me with the results with the population is it feasible rush the neighbors on saudi arabia members or g twenty as we all know ok iran has similar vost oil and gas reserves somewhat to saudi arabia and it highest. vibrant and big population of almost eighty million people similar to turkey so why can't it make its way to the g. twenty so the fortunately the possibilities are there but the question is whether it will have the chance to unleash them that's the question that listen we know about the potentials for the oil and gas industry that's why everyone is so excited but what about other industries in the country will welcome we hope to happen that what potential is all that ok just to name a few car industry there's a big market in the wrongful for four comic is specifically perhaps european car makers would make a lot of it had sold four h

is trying to drum up some publicity and also some investment so you know i was in davos just just the other week he was there he was talking to oil majors in. he didn't like some i bought his ball from the u.s. and he basically said iran is a brand that they say is to go completely different story ahead the reason why he's saying this is because his economy has been crippled by the sanctions we're talking forty percent inflation five percent recession asked if he's undepressed to himself to get relations kickstarted with the oil industry and they do any other whether it be call pharmaceuticals all materials legal analyst and professor at the university of tehran mohammad marandi says the u.s. doesn't have the authority to dictate business guidelines to other nations there are no international sanctions being violated the sanctions that have been imposed are american sanctions they've sanctioned the iranian central bank and they've threatened other countries and warn other countries from doing business with iran so the united states is basically dictating to. third party third countrie

marina you know i was in davos just just the other week he was there he was talking to oil majors. including my brother as well from the u.s. and he basically said iran is a boon for business to go completely different story ahead the reason why he's saying this is because his economy has been crippled by the sanctions we're talking forty percent inflation five percent recession he's undepressed to himself to get relations kickstarted with the oil industry and indeed any other whether it be call pharmaceuticals all materials afghanistan's government has admitted to holding secret talks with the taliban behind america's back as president karzai steps up to make peace with the militant group although the negotiations have been largely fruitless so far the u.s. says it supports the push for reconciliation but as our board now reports washington appears to be losing its influence on kabul. one of america's longest and most expensive foreign investments is turning into one of its greatest obstacles the u.s. intervention in afghanistan has essentially created a new taliban movement far m

money you know i was in davos just just the other week he was there he was talking to oil majors including my about as well from the u.s. and he basically said iran is i've been for business to go completely different story hit the reason why he sang this is because his economy has been crippled by the sanctions we're talking forty percent inflation five percent recession asked if he's under pressure himself to get relations kickstarted with the oil industry and indeed any other whether it be call pharmaceuticals all materials and i'm sure here in some interesting deals at the moment only i would like to see which other country will send a delegation in the near future will be of course following that thank you very much kitty pilgrim there. it's emerged that the afghan government has been hold in secret talks with taliban officials to try and tackle the country's volatility the scotians took place three weeks ago and by both reports of the achieve little although afghan officials remain confident they will eventually bear fruit now the u.s. has a voice that supports the spies washington h

draghi was in davos and speeches here in london as well saying further action is possible.will it not be more effective if if you do it today? >> it depends on what you mean by happening. maybe they will do it. second part. are we goinging into a real -- maybe, but frankly i think they are a little bit early. >> should we talk about the bank of england? >> yeah, very quick lism it is a completely different story. we were talking about rate hikes. the closer we get, the more the bank of england needs to act. what gets me about this story is that rates are at record lows and it has almost been a throwaway comment. can this country really not absorb rates approaching 1%? that would concern me more than anything now. i don't know what you think, patrick. i'm not qualified to say. if you can't have rates at 1%, then u.k. recovery is really not that strong, is it? >> it is about consumption, isn't it? >> yes, you're right, the trend is -- that is clear. two months ago maybe -- yes, it could do something. frankly , we have a -- it is very likely it will remain quite cautious waiti

i got the mystery bill from davos. >> how big is that? >> i went to the bahamas for 2.5 days.0. >> what did you do? >> apparently too much. >> 17 movies on your phone? >> adam has top headlines. >> a surprise rise in unemployment over the u.k. 7.2% iness rate rose to the fourth quarter. the rate was expected to have been unchanged. the first increase in almost a year. recent gains in the labor market have lost momentum. president obama travels to mexico for trade talks with leaders of mexico and canada in an effort to build stronger trade ties between the free countries -- three countries. the number of teenagers and the u.s. workforce plunges to a record low. just one in three teens was either working or looking for work last month. that is the lowest level since the labor department began tracking the data back in 1948. moore teenagers focus on getting into college. those looking for jobs are often competing with other skilled workers for the same positions. >> in ukraine, the situation continues to unravel. we just saw the russian ruble absolutely deteriorate. we see that w

the ceo hinted at that last month in davos. he's here next to tell us about that. we're following up on that issue. you're watching cnbc, first in business worldwide. don't wait for presidents' day to save on a new mattress. sleep train's presidents' day sale is on now. 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. plus, free delivery, set-up, and removal of your old set. keep more presidents in your wallet. sleep train's presidents' day sale is on now. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> welcome back. all three major averages up 1-plus percent today. the best day of the year so far in 2012. for the dow, we have yet to have a 1% gain day in 2014. it's hard to believe as we make our way into the month of february. didn't happen at all in january. but it's happening today. dom chu, what's driving this momentum? >> the bulls have their fingers or hopes crossed. we're going to start with dis

is trying to drum up some publicity and also some investment so you know i was in davos just just the other week he was there he was talking to oil majors. including some i bought as well from the u.s. and he basically said iran is i've been for business to go completely different story hit the reason why he sang this is because his economy has been crippled by the sanctions we're talking forty percent inflation five percent recession he's under pressure himself to get relations kickstarted with the oil industry and indeed any other whether it be call pharmaceuticals all materials for some live analysis on this i'm joined from tehran by mahmoud morandi professor at the university of tehran the so what's the harm in international groups doing business with iran at this point so long as no sanctions are. violated. well first we have to keep in mind that there are no international sanctions being violated the sanctions that have been imposed are american sanctions they've sanctioned the iranian central bank and they've threatened other countries to warn other countries from doing busines

is trying to drum up some publicity and also some investment so you know i was in davos just just the other week he was there he was talking to oil majors. including some about as well from the u.s. and he basically said iran is i'm from the business to go completely different story ahead the reason why he sang this is because his economy has been crippled by the sangh says we're talking forty percent inflation five percent recession he's undepressed to himself to get relations kickstarted the oil industry and any other whether it be call pharmaceuticals all materials. moving westward to syria now in a biting speech the u.k. prime minister has sharply criticized the pace of syria's chemical disarmament calling for more haste david cameron cited missed deadlines and a lack of clarity from the assad government is the most worrying developments let's talk live now with charles shubert just purity analyst and former british counterterrorism intelligence officer thank you for joining us so the u.s. was first to raise concerns here the u.k. followed are any other countries likely to follow

but i want more personalization of brands, that was interesting that we found out davos.nding aight be lot on hotels, they are not saving enough for retirement in america. how to fix it, that is coming up in nation. how hunter boots, made a splash during london fashion week. ♪ the hour,tes after bloomberg is "on the markets." let's get you caught up. midway through the session, little change mixed picture with .1%, the dow down about the same amount, the 2/3 of a percent gain. last week was the best we have seen for the s&p, taking a pause. a replica coffee surging to a one-year high as brazil's cross are threatened by lack of rain. brazil is the second-largest coffee exporter in the world. natural gas, demand for the and half of boosted american homes. more "on the markets" in 30 minutes, more "lunch money" ♪ >> welcome to "lunch money" on aremberg television, we streaming live on bloomberg.com, your tablet, and your smartphone. i am adam johnson. moving pictures, the video is the story. hasine's standoff in kiev turned bloody. dozens of police injured and three processo

my conversation with john chambers was fascinating in davos.portant time for them in terms of technology. >> everything is going from local up to the cloud. they are the server guys. >> he was the usual chambers optimistic. it is a good -- lots of good company news. >> we start with a massive recall of the prius by toyota. the japanese automakers recalling half of the priuses ever sold due to a software glitch. it could even bring it to a halt. goldman sachs is beefing up its top management. the firm is promoting 5 senior executives including the heads of equity and credit-rating. it is the largest group at it since 2000 and. goldman, veterans of having joined the firm before it went public in 1999. and the japanese wireless carrier posted 900 $10 million in profit last quarter, topping analyst estimates. but that was lower than a year ago. are tied to asts string of recent acquisitions including an investment in sprint last year. john deere has just reported earnings. , $1.81,arter earnings higher than what analysts were what looking for, $1.5

we spoke about this tpwhreefl davos. you're merging to create the largest advertising group in the world. the chinese authorities are taking their time to give you approval on this. when are you expecting them to give you to green stamp and will it be a green stamp or are their hurdles? are chinese authorities looking at it in a way which is quite reasonable. they are taking a little bit of time. it is not something which is a big worry for us, because we ill have to find for the s.e.c. and the a.f.m. and you have also to note that out of 15 jurisdictions, we got already the agreement of 14 of them. so it is not something which is complicated. there is a lot of heavy work and everything is s, moving quite smoothly. the only issue that we have is it is taking a little bit more time that we anticipated. we have been quite aggressive in how we were looking for the closing of the deal. it may take one or two more months, but this is not something which is really very important when you look at what is at stake and merging tw

a lot different here than it was in davos, you guys, right?on't move to teach people. i'm not going out today at all. and it should be different this time. >> how long is that supposed to last? will they be able to go to work tomorrow, or are they looking at a couple of days of staying home? >> reporter: you know what's happening? we've got this storm. then we've got another one coming right after it. so the same thing that's happening overnight tonight is going to happen again tomorrow night. and as this storm pushes up, we're going to go right through washington, d.c., and all the way up the eastern seaboard. think about ten -- or ten inches to a foot of snow in washington, d.c., maybe. >> you know, dave with that shovel, you know, the people in atlanta, the sanitation department, you may get everybody out of there. so it's all going to work out. nice to see you. >> reporter: here i go. >> nice to see you without the caviar from davos. >>> coming up, the threat of snow not going to slow down fashion week in new york. this is big. nicole mill

last month i hosted a package at the world economic forum in davos with top leaders from the arab world them, tunisia's rasheed ganuchi explained why the islamist party willingly stepped down from government in tunisia. we had two choices, he said. either we stay in power and lose democracy or we gain democracy and give up power. he chose the latter. it was a selfless choice but a savvy one. i won't be surprised if he and his party are back in power later this year. the tunisian model is not flawless but it has powerful lessons for the rest of the arab world. this is a country that has learned the most difficult lesson of democracy. how to be inclusive and how to compromise. it has learned this lesson without the west, without aid money, without compromising on its religious idea, remember the new constitution firmly enshrines islam but alongside women's and minority's rights. before we start blaming washington or the west for not doing enough in the arab world, let's learn from tunisia that local leadership is the key. and that right now, there is little of it in the arab world. >>> up

oportunidad de entrevistar al presidente de panamÁ, ricardo martinelli, durante su reciente visita a davoss dadas, si nosotros nos salimos fuera del contrato a negociar, la autoridad del canal de panamÁ pierde, ahÍ estÁn todas las disputas, las formas de solucionarlas, la forma del arbitraje, cÓmo se hace cada cosa, asÍ que yo exhorto a los contratistas a que resuelvan esto a la mejor brevedad posible porque sencillamente una obra como esta no puede pararse de la forma que se estÁ haciendo. >> ¿cuÁl es el peor escenario posible en esta disputa por el canal de panamÁ? >> bueno, yo espero que nunca lleguemos al peor escenario, de llegarse al peor escenario existe el plan b, porque esto es un proyecto muy importante para panamÁ y la autoridad del canal de panamÁ y el canal tendra que asumir, tendrÁ que asumir la autoridad del canal la finalizaciÓn de las obras, pero eso es lo Último que nosotros queremos que suceda, y nosotros esperamos que todo se pueda resolver dentro del contrato con los contratistas. >> viene en abril el foro econÓmico mundial en su version latinoamericana con sede en pan

>> believe it or not the, what we say, benjamin netanyahu, the former israeli prime minister, and davos, switzerland, at economic conference called cybersecurity the arms race without end. that is because cybersecurity is not a destination. it is a journey. it is evolution. neil: what do the bad guys want to do, michael? >> what they have been doing, they steal, exfiltration of data. they take money. they take, intellectual capital. not only from terrorists this is nation states. these are criminals. so they're stealing things. they're implanting capabilities so they come back in, what they call back doors, trojan horses. things lie in wait until a computerized system until they receive an instruction, now move forward, execute this order. they're also taking information as you type. something known as key logging. you put a malware program on the system downloads keystrokes, information you're putting out, e-mails. the things that you send to different people. they're snooping, they're stealing and potentially they're manipulating. and it is that last piece that is always the intersect

iran is open for business, inviting businessmen to come to iran and cat new deals -- davos. you see it in succession of trade delegations, the french delegation. a turkish delegation led by prime minister erdogan. reports of russia-iran's oil for goods deal, which by the way hasn't materialized, the administration has strongly opposed it with the russians and at the highest levels. but talk of that kind of activity raises concerns about whether the sanctions are really evaporating. but while there's a lot of smoke, so far we see no evidence of fire. businessman, governments are very cautious about engaging at this point. they know that the major sanctions on banking, in the energy area are still in place. they know that the administration is going to be imposing sanctions during this period. new sanctions under existing authorities, if attempts at evasion are detected. and so my sense is that, that this regime, sanctions regime will remain intact for the six-month period. there will be some benefit for iran to of course there will be benefits for iran otherwise iran wouldn't

rouhani went to davos and basically said we're open for business in iran. the french, the turks, they have been sending it's not trade missions but also been sending trade missions looking to do more business. have we been played? >> not in the least. not even by a close margin. in fact, i think the iranians naturally are going to go home and say what you've just said. >> but to the world and the turks and the french? >> no. iran is not open for business, and iran know ls it's not open for business. we have announced increased sanctions against particular companies since this agreement was reached. we have told the iranians that we will continue to apply the sanctions. and we have made it clear to every other country that the sanctions regime remains in place. so while the french masons and business people are over there, they are not able to contravene the sanctions. they will be sanctioned if they do, and they know it, and we've put them on notice. but nobody should doubt for an instant that the united states is prepared to enforce the sanctions that exis

here in davos, everyone was talking about second life, and second life will be the thing of the futureis the second life today? where is the money of second life? vanished, disappeared. so we have to accept that a lot of people experience a lot of the same because they have ust never that we m forget -- they are human beings. they have the right to change, they have the right to think differently, and they have the right to think with their emotions, and that is where we as advertising people have a role because we understand that much better than anyone else. i'm sorry to say that, but convergencere the areas,t of people, technology, etc., and at the end, they read the kind of alchemy, which is delivering these methods to the right person. always a difficult combination, and the idea that a good mathematician will find a think, is not -- >> do you believe the decisions are made based on thdesire and not on necessity? >> i would say they are made on both. again, it is not "all," it is "and, and." people are making decisions based on necessity. i dream to have this car, but i have not t

liz: when she was named, we were conducting a live interview with jamie dimon of jpmorgan during davoshat is going to say? >> that is a good slice. >> her work ethic is unbelievable. not even going to guess. liz: what is the volcker rule? >> and volcker, more than an urban legend out there that you regulators that the sec, the justice department, targeting jamie dimon and jpmorgan because he was critical of dodd-frank in the president acts economic policy. >> i can speak to the sec, can speak for the whole sec. i don't believe so from the sec perspective but what is happening outside the sec -- liz: when you are in meetings together -- >> there is a rule violation or there isn't. we have to prove that or we don't. i think it is. liz: who is enforcing the volcker rule? from using their own capital to do proprietary trading but against these gray areas when you make it a market using capital to trade where the gray area is a that is one issue with the volcker rule which is crazy and you have been critical of the volcker rule just a tad. who actually enforces whatever it is? does anybody