and deutsche bank is only at 9.5%.believe this will translate to a best in class dividend at ubs? >> it's probably too soon to say. and we've seen he enormous amounts of pressure on all european banks to boost capital and regulars are going to be very reluctant until there's a lot of confidence. not only have the banks raised enough capital, but also that the worst of the crisis has passed. as zermotti told you earlier, people are optimistic, but i don't think there is an enormous amount of confidence that this crisis is over yet. >> let's look at deutsche bank. it released some 30 earlier than expected. net income of $2.2 billion beat estimates. they also announced a surprised cash call. that comes amid pressure from regulators from the bank to bolster its balance sheet. they reckon after this capital raising, can core tier 1 will be around 9.5%. that's more than barclay's, credit suisse, jpmorgan, goldman sachs. investors are reckoning that will help with their ability to pay dividends. is that what is pleasing? >> n

economist at deutsche bank. welcome, gentlemen. >> let me start with you. as i bdz understand it, you are generally in favor of this with some exceptions. detail how you would find this a good plan. >> i think the important thing is to get the balance right. nobody wants to go back to the irresponsible lending of the last decade that really crushed the american economy. the problem now is that credit has gotten very, very tight and there may be room to find credit worthy borrowers in a larger pool, at least as i understand it, how the administration is talking about is providing clarity to lenders about the rules under which they put back mortgages in the event of future default and clarity and transparency on that is good and then secondly, to make sure that the loans that are being guaranteed by fha are reaching borrowers who have good, strong credit, but who may not fit the existing parameters fully. and i think getting the balance ready is important and nobody wants to go back to the decade of excess that we're finally coming out of today. >> joe, you'r

deutsche bank unfortunately has the entire german government all over them.lot of legislation, to break it up, it's too big. you may have head winds, but i like deutsche here if europe's going to come out of this. >> whoa, stop! what's the name of the game? >> you got an ugly. >> what's the ugly. ♪ >> since you heart psy so much. >> i don't even know what that means. >> he's a bad guy. >> bring him on "fast money." we'll get in his grill. >> we'll invite him on. >> he's got plenty to say. let's have him say it here. >> coming up next, fashion victim, what bill is saying now about jcpenney's problems. much more "fast" straight ahead. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in custome

deutsche telekom is defending the move, saying the growing data volume means there is a need for investment in new connections. >> the people of the netherlands are gearing up for a major royal event next week when the queen advocates in favor of her son -- advocates -- the queen abdicates. after 30 years on the throne, she met her last official appearance on wednesday when she opened an exhibition. >> as he is going to be a big party next week. soccer now and fans of germany's top two teams could soon be looking forward to a trip for the final of this year's championship league. >> one day after bayern munich 's 4-0 thrashing of barcelona, there are thoughts the same could happen with madrid. >> just a day after a memorable performance against a real, dortmund fears losing him. according to his agent, he will leave the club this summer. that would be a huge blow, coming just days after another confirm trends will to rivals bayern. the polish strike scored his first goal after eight minutes and added three more after half time to seal the victory. most fans and experts are convinced that do

lex -- >> deutsche post is a thriving company. the numbers show that.that is why i believe the employees deserve their fair share of the profits that are made. >> to demonstrate the importance of their work, more than 3000 delivery staff walked off the job on wednesday. hundreds of thousands of letters and packages were delayed. verdi says more strikes are planned, so many germans could be waking up to empty mailboxes in the days ahead. >> the weather is making itself felt in china where a sandstorm has hit parts of a province in the northwest. a cold front blew sand from the desert into several cities in that region to look at that. streets were shrouded in dust. residents battled strong winds and, at times, visibility was really -- was reduced to less than 30 meters. meteorologists say the sandstorms will continue through at least thursday of this week. >> and recapping our top stories, there is no suspect in custody in boston right now. we will have the latest from that city when we return at the top of the hour. stay with us here on dw. [laughter] c

this after deutsche bank upgraded the company to a buy. it says it sees a turn around for the future of the company after recent financing and the appointment of a new ceo. bank of america is downgrading the stock from a buy to a neutral, saying it now appears full. we've talked about the bond auctions in spain. just to see where we stand at the moment, spanish yields, still below 5%. relatively contained ranges. 10-year gilt, 1.74%. we were up about 2.2% at the time we lost the aaa rating in the uk. on the currency markets, we saw euro/dollar down to session lows. 1.2791 is where we stand at the moment. dollar/yen is the one we've been watching post the bank of japan. here we go, dollar up against the yen, 95.47 is where where he stand. sterling seems to have a lot of support around the 1.50 mark. that's where we stand right now in europe. let's get the latest, all the update on the trading day in asia. li sixuan joins us from singapore. >> thank you, ross. nice to see you. the nikkei yet again stole the show here in asia. after the boj a

today, deutsche bank comes out with research headlined, preview, airline stocks on track.is astounding. explains why a lot a lot of the crew, they have been so good. why the increase in the index is up 27% this year. that far exceeded the s&p's excellent first quarter. that's incredible. 27% versus 9% or 10%. deutsche bank is predicting 42% upside for delta stock over the next year. 37% increase for united continental. 27% move for u.s. airways. the stocks are finally catching up to the fundamentals as deutsche bank points out this could be the industry's fourth straight year of profitability and the seventh year out of eight with positive free cash flow. pretty good. the best i believe will be the u.s. airways/amr combo because it will most likely not be challenged by upstarts. that's always been the lot in life, been the case every other time that they have pricing power i can recall. the big roots are being divvied up a couple of large, sensible, rational, big players. i sense that the price wars are a thing of the past. we recently interviewed the ceo of spirit, the on

this is when deutsche bank was getting out. so was raymond james. analyst basically saying, you have this double-edged sword of raising prices right? you need to raise prices because there is food inflation out there. you risk actually turning away customers because the menu got more expensive. both deutsch and raymond james maybe chipolte will not be so fast to raise those prices because commodity costs are easing and stablizing a little bit. the analyst at deutsche bank said considering this macro environment chipolte might not want to do that so quickly. there is so much competition in share of your stomach pace, right with burger king, panera, and mcdonald's. they are all doing restaurant innovations and menu changes appeal to customers who are watching their every penny. back to you. david: thanks, lauren. have a good weekend. liz: the burrito bowl is popular item at fox business because they're just across the street. >>> major airlines in america have a new destination and that is federal court. david: they're suing the government. they're ho

we got numbers from deutsche bank and ups, spectacular. things are getting better in europe despite the hideous employment numbers over there. for eaton's cutler, a huge electronics business, the continent is indeed mired in molass molasses, but may not be getting worse. yes, the business is terrible, but might be nearly -- just merely staying terrible. bunch goes further. he says he thinks the first quarter might have been the worst. and that things could actually look up between here and year-end. these are not idle sentiments. last week when howard schultz gave his overview, he said he thought europe was bottoming. colgate indicated the same. there are many companies including technology companies that would indicate things are getting worse. there are also auto companies that say it could be getting much worse, although i still think gm might do a good number. but the ceos of are not pie in the sky guys. they're very smart people who know what their order book looks like and have all been very accurate at forecasting. hence why their c

deutsche telekom would own 70% of the combination.omes down by a significant amount, reduced as well by $3.8 billion to $11.2 billion in total. they also reduce the interest rate being paid. deutsche telekom has been saying it is 7.2% though it is a complicated formula others say gets them to a higher rate. nonetheless they are reducing it by about 50 basis points. so about 6.7% if you again take them at their word on where it was. will it be enough to get shareholders who have been against the deal to come on-board? one of the key voices has been peter shoenfeld. they have avenue held a 2% position but it is their voice to led the charge dwens the deal saying it combined company would be too highly levered to compete in an area where you need to spend a lot of money. they were then followed by paulson funds at a 9.9% position. there was no way they were going to get the vote. it had been scheduled for tomorrow, now pushed off to april 24th. i did speak with peter shoenfeld. did he not say anything definitive but he did term the lates

of merrill lynch and deutsche bank she's also a contributor now to the nation where she just wrote an article about the issue she began by explaining why she believes these people are not receiving the compensation that she says they deserve. it's a slap in the face right so if you're someone for example who receive what's called a loan modification so that means the bank said ok we're going to work with you we're going to lower your monthly payment and you were still foreclosed on you get between three hundred and five hundred dollars for your troubles and your tragedy and that's about sixty percent of the people who will be receiving money for this so it's just a paltry amount and explain and put gotten that kind of money into context how much more these people actually out. well there out you know they were foreclosed on they lost their homes so it depends on the value of their home but we're talking hundreds of thousands of dollars you're talking six strikes being made homeless because of an error that a bank made right these are not people who didn't make their payments there's a

of merrill lynch and deutsche bank she's also a contributor to the nation thank you so much for giving us your insight thanks for having me. well ever since the american public began to understand the scope of u.s. drone operations abroad we've begun questioning how often these you have these are used who they target ad where they operate now up until this point there have been more questions than answers we've essentially been forced to take the obama administration at its word particularly when it comes to who these drones target here's how president obama explained u.s. targets back in september. it has to be a threat that is serious and not speculative. it has to be a situation in which we can't capture the individual before they move forward on some sort of operational plot against the united states but copies of these top secret u.s. intelligence reports actually were obtained by the clachan newspaper discovered that the scope of the drone targets it's much larger than a larger than top officials and includes low level members as well and the new york times article over this week

economist with deutsche bank securities. also, north korea telling foreign embassy staff to consider leaving as tensions flare. joining us on that, our party's national security analyst k t. mcfarland and john bolton. and disturbing news showing a surge in illegal immigrant border traffic. heather macdonald from the manhattan institute this year, and she will discuss the impact of that on the congressional effort, as you know, to pass immigration reform. details o the president's budget proposals also out today with both the left and right crying foul. the president's plan plans to reduce the deficit by almost 2 trillion through a balanced approach to spending cuts, intel now reform, and, of course, raising taxes on the wealthy. th details, the very same day the congrsional budget office announced that the current deficit for the first half of the fiscal year came in at $601 billion. the president's budget will be released on wednesday. fox news chief white house correspondent ed henry has more in this report. >> president o

. >> deutsche bank also rumored to be involved. it's a big deal for apple in so many ways. this is a company that needs to borrow money less than anyone in the world. it has less than $149 billion but apple said it's going to return an average of about $30 billion a year to investors by the end of 2015. that includes $50 billion in additional funds and a 15% dividend hike in its filing today it plans to use the money for general corporate purposes. it will be issued as usual in $2,000 denominations apple stocks having one of its best days in the year so far today. >> sue? >> thank you very much. the embattled hedge fund giant facing some big redemptions in light of its legal issues. hi, kate. >> the burning question for sec investors who are considering pulling their capital is simply will stooif eve be indicted. >> they will have to directly connect it to steve cohen. i think at the end of the day, the vastness of sah is a very good vehicle through which to mount defense. you can't hold the person in charge for every inappropriate movement by one of hundreds if not thousan

deutsche bank economist joins us next. the senate immigration plan goes public.sman says it makes no sense at all. investigators in pursuit of those responsible for the boston tragedy, national security experts and next. ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. anthat's great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you ke sure you have the money you need to enjoy all of these years. ♪ would absolutely not have taken a zip line in the jungle. i'm really gd that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking for. one traveler at a time. expedia. find yours. your chance to rise d shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadbandetwork and cus, your business is more reliable

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. >> deutsch bank is able to raise money. they're going to watch this offering go off by deutsch and they're going to say hey, maybe we should test the waters here. and a rate cut is supportive of that. forget about the dollar euro for 30 second the and think about what that could do for the financial system in europe if these banks could come with new offerings. >> the issue is as you make european companies stronger by lowering rates then you increase die mand for chinese products. so too many companies have come on and said europe's weak. >> that's a changed attitude. and i think it's the right attitude. but we'll see if the market really embraces that attitude. >> coming up, more good news on the housing front. so why a downgrade for poll tee. when we come back rade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade

deutsch's comments that it's only 1%. i come from a district that has 85% of the people that said they want to end all foreign aid, period. i've got to sell this to them. i can tell them it's only 1%. what difference does it matter? when i have a mother struggling to send her child to school at a university or they have to pay outh-of-state tuition and says they can't do it and we've got $41 million going to pakistan, it's a hard sell. to ask people in this time, in this economy in our country that we're going to give this aid to them but yet your getting laid off because of sequestration in our country. in the words of ronald regulaga unless the nation puts its own financial and economy house in order, no amount of aid will produce progress. we've been doing this -- i don't want to say game but our policies have been going on for over 30, 35, 40 years. longer than that. i've been paying attention to that. and i see some improvement but i see a lot of stuff going in the wrong direction. when you see countries -- i resonat

. >> donny deutsche. >> i'm chairman of deutsche incorporated. >> rick reilly. >> i've been covering the world of sports for more than 30 years. life is just like sports, only with less added. >> jason taylor. >> i played professional football for 15 years. i played for the miami dolphins as well as the washington red skins and the new york jets. i also majored in political science and criminal justice. >> i was named by "time" magazine as one of the top five female trial lawyers in the country. and i'm the author of a best-selling book of how a driven woman changed her destiny. and i believe that strong women should be helping women all of the time. >> let's get to "the point". >> hello, everyone. welcome to "the point." you already know today's headlines now, let's get to the point of each story. donny? >> yesterday, the firing of the rutgers basketball coach was, get this, the sign of the wussification of america. >> america just passed the toughest gun laws. is the nra really winning in all of this? >> guess what just came out in a poll for the first time in american history whar

have a look at deutsche bank which just took a tough drop.aying it now plans to execute a capital increase, which is intended to raise gross proceeds of about 2.8 billion ur os. the purpose so strengthen the equity capitalization of the bank. deutsche bank dropping about 1.5% on that headline. >> thanks so much. let's move to a story that's near and dear to us. some of the nation's top business leaders are joining michelle obama at the white house today to try and help our military heroes find jobs as they transition from active service to the workforce. john chambers was there today and joins us now from the north lawn. great to have you on. >> it's a pleasure. please call me john so i won't feel old. >> all right, john, why are you involved with the initiative and tell us a little bit about what you're doing at the white house today. >> sure, we're involved with the initiative because -- our country are coming into the workforce over the next three to four years. 300,000 this next year alone. yet unemployment for veterans is at 9 .2% and fo

surprisingly good news coming from deutsche bank, the largest german private bank, making a profit in the first quarter of almost 2.5 billion euros. the institute also did bolster its capital base with a huge and very successful capital increase. the euro was also recovering because italy finally has a new government and eurozone, one less problem. >> let's take a look now markets. up to buy a bit more than half a percent sign ending at 7913. eurostoxx slightly down. over in the united states, the dow jones is trading unchanged at 14,818. the euro up slightly at $1.3155. >> coming up after the break, no longer taboo in the united states, military grounds are now on the shopping list, but the resistance in germany to them is immense. >> a look at the high-profile trial of a spanish doctor accused of helping cyclists do. stay with us. >> combat. we are picking up again with the coronation of the dutch king. this time around, we're looking at the intricate network of remaining monarchs. >> some of the old ruling houses were decimated by the french and russian revolutions and, later on, o

. >> you no, it's time to get to the point with donny deutsch. >> i'm chairman of deutsch incorporated. i'm the author of two books. often wrong, never in doubt. and the big idea. >> cnn's margaret hoover. >> i spent four years in washington including two years in the white house. i wrote a national best-selling book including how to save the republican party. >> rick reilly. >> i'm a best selling author. i've been covering the world of sports for more than 30 years. >> jason taylor. >> i played professional football for 13 years. >> and kaylighy mcananny. >> i'm in a network of conservative writers dedicated to conservative values and principles. i wanted to empower americans to have a conservative voice. >> let's get "to the point." >> hi, everyone. welcome to "the point." we're going to be here all week at this time. you already know the headlines, so we're going to get to the point of each story and we're going to talk about what everyone is talking about tonight. kevin ware. this realtime injury that everyone watchpd and now can't seem to find it in themselves to watch it. >> it w

. >> donny deutsch. >> i'm chairman of deutsch incorporated. author of never wrong, never in doubt. >> i'm an espn columnist and author. i've been covering the world of sports for 30 years, life is just like sports, only with less padding. >> jason taylor. >> i play professional football for 15 years. i played football and baseball. i majored in political science and criminal justice. >> and alicia menendez. >> for years i worked in washington making sure more young people, latinos and women are involved in our democratic process. i want us to have a conversation about what it means to be an american. let's "get to the point." >>> hi, everyone. welcome to "the point." we will be here all week, and you already know the headlines. there's a lot to get to tonight. alicia? >> the ap has new wording around illegal immigration, i'm wondering, is this a tipping point for america? >> my point is about college kids that can't handle rejection. are we raising a generation of whiners? >> no. >> yes. >> my point is about bill o'reilly. is same sex marriage

that is the message from shareholders to top management at deutsch bank. germany's biggest bank has been ronked by scandal. now they had to repeat last year's annual meeting after judges ruled one investor should have been given more time to speak. the defunct cash media group which has been in a long legal battle with the bank. rerunning the meeting costs millions of euros. they were anticipating an angry crowd and took shelter behind a waist-high fence. now time for a record to see how the markets rounded out trading. another day of stellar trading in europe. >> in the morning a few investors thought the markets in frankfort would take a break after wednesday's rally but the rally continued mainly because of new data coming out of the u.s., jobless claims shrank significantly last week. these numbers have been able to beat expectations, and this gave a boost to shares because the unemployment data that we have seen in march have been far weaker than expected and now the new data shows that maybe the u.s. economy is able to get back on track so the rally

he was beating the anti-poaching drum -- anti-deutsche drum. most of those are not dead. i am from the younger generation. i came back home, but i have not taken anything away from anyone. >> despite the anti-german rhetoric from politicians, even the older generation are rethinking their views. there is increasing acknowledgment of the village's german-speaking past and of the harm done by the election campaign. they are talking about tv reports on the alleged plans to compensate the expellees. the friends agree that it is largely political propaganda. the new residents here have broken a taboo. among the progress of moves has been the restoration of the old german world war i memorial. there are also plans for a local history exhibition. >> the election campaign highlighted old fears in an abstract way, but those fears fade away when people actually examine the issue, like here. the politicians were targeting the underprivileged in society. >> this is just one of a number of towns and villages not acknowledging their german- speaking heritage. some have refused to let t

. >> pop for deutsche bank. up 5%. >> a company underperforming the u.s.rs, reported q-1 yesterday, announced a big capital raise, they sold $4 billion worth of stock today to help raise those capital ratios. the stock is capping a two-day 11% run here. i think investors are thinking that capital raise puts them a little above for the next mini crisis here. >> pop here for best buy. up 7%. mike? >> they're divesting themselves from their mobile business in europe. they sold the 50% stake they had for about $775 million u.s. to car phone warehouse. it's good to see them focusing on their problems in the u.s. and they do have problems because, of course, they're looking at about four consecutive years of eps declines and if revenue forecasts there too. so i still think the stock is a little bit of trouble despite the upgrade today. >> pbi was down 15%, beakers. >> e we know that the post office is having problems, how bk did not short this going into earnings, this is a company that sells mail stamp machines. it's amazing, it sickens me i didn't do it. stay

apple is filing debt through deutsche bank.ebt instead. today's sec filing does not specify the the amount of debt apple plays to sell. it has bought $100 million stake in apple. >>> coming up, the end of the bcs era in college football is in sight. it's interesting. kind of confusing. the commissioner of the big 12 conference about the new playoff system long demanded by fans. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. i work for 47 different companies. well, technically i work for one. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no busine

fortunes be even was while earlier today i asked jaroslav atlas of all the chief economist from deutsche bank exactly that. the main trigger for the discussions around the lower use of the euro by developing countries by emerging markets is of course something that has to do with the european debt crisis with significant volatility that we've seen over the past year or so in financial markets because of the instability in some of the weaker links of the e.u. region and the integrity of the eurozone was of course in danger to a significant degree by these market pressures by the instability that we saw in the region. and i think that was partly the reason why we started to see a bit more caution on the part of some of the emerging markets and the central banks of these of the. euro but at the same time i cannot imagine that the movement away from the euro is going to be drastic because for the central banks that would want to reduce their exposure to the euro it would be essentially shooting themselves in the fourth because the pendency of the euro as a reserve currency is quite significa

economist at deutsche bank, and nathan bachrach, the financial group ceo. gentlemen, welcome. thank you for joining us here "on the money." what do you think? nathan, we see the markets reaching or touching new highs almost on a daily basis during this first quarter. how much room do you think there is to run to the upside still? >> well, there is some room to the upside. it's all going to be independent on the retail investor and whether or not the $900 billion, bill, is still sitting in checking and savings accounts. if that starts to move, that could be the power that could really drive the market further, as long as we don't have disturbances in the force that would be europe. >> exactly. and joe, here in this country, housing seems to be a primary driver of our recovery, even though the data are mixed. let's take a listen to what david blitzer of standard & poor's had to say about that. >> overall we're about 9% above the lows for 20 city composite. we beat the consensus forecast, which was a touch under 8%. we're at 8.1% over the last 12 months. so across all 20 cities,

but we want to go back to the deutsche mark, because the you're very hurting the poor countries in the southern rim of europe, just as it's hurting countries like germany that have to keep bailing them out. so there's been growing skepticism about the euro and the euro project. however, angela merkel's hard-line policies with her european neighbors has made her the most popular politician in this country. it's a little bit schizophrenic. the germans have been questioning the euro, the european integration, european monetary union, but they support how angela merkel has been defending it. the latest poll we have, 2/3 of germans had r still happy to be within the eurozone cancer a zone. >> nick, thank you. aurp egypt is facing its most serious financial crisis this decades. four countries have come to the rescue with generous multibillion dollar loans. they find out that's enough to keep egypt afloat. >> egypt is running out of dollars. they're down to $13.4 million, enough for just three months, food, gas, and oil imports. but poor countries have thrown egypt a life line. number one is

russ wes gate there on the death of margaret thatcher. >>> deutsche bank is getting more upbeat.ear. rather than looking to excuses to boost profits, they say investors should regard recent dips as an opportunity to initiate or add to positions. he predicts the u.s. airline industry will make an operating profit of $600 million this quarter, more than double what the american carriers made this time last year. in fact, it's a gain of 140%. rolling forward his outlook in 2014, deutsche's linden berg is raising his price targets predicting 37% upside for united continent continental. 42% upside for delta. 32 for southwest. and still 27 upside from here for us airways. the analysts say these airlines are his topics and can do better than that if they further deleverage their balance sheets and get a multiple rerating by investors. jim was talking about this in the first hour of the program. he thinks that spirit is the way to really play. and even if you look at the price target you have from deutsches he's saying that's only six times earnings on southwest. you can quite easily rer

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would you agree with deutsche bank? >> well, yeah.the risk is that the fed will do more, not less, although my inclination is to think they'll probably stick to $85 billion per month through the whole balance of the year, but we really have to watch the commodity markets carefully because we had zero commodity inflation over the past year and if that zero should slip into deflation territory, the fed could take some action. >> does it worry you that we continue to drive the yield on the ten-year lower, that again we have this bull market in treasurys that is so alive and so well and hasn't turned corner now for a fourthiary when we thought it might for the sake of better growth and a rebounding economy? >> what is troubling is the fed has had to do so much to try to stimulate the economy and we still make progress in fits and starts and a little bit more puzzling is the fact that with all of the qe the fed's done it really has not had the effect on inflation that they clearly thought because they raised this short-term inflation targe

why, are you gonna start paying your bills in deutsche marks? no. i want to arrange a bequest.rring my earthly estate to my heavenly lord and savior. and who's that? why, the lord jesus christ. hey, no problem. what's his address? does he take a check or do we need plastic? no. i'm not kidding, clarence. i really want to make a substantial contribution to the works of the lord. and this lord, by any chance, have an earthly physical agent? yes. and would this heavenly helper, by any chance, be the reverend orville c. tarbrush? now, look, clarence, if you don't wanna help me with this, just say so, but i don't think it's necessary to ridicule my christian beliefs. - i didn't say-- - you were going to. and mary ann is supposed to start college in the fall, right? how you plan in covering her tuition? she'll already taken care off. she's getting a scholarship. to chico state? to the tarbrush bible institute. i've changed my plans for her. [music] walter, is something wrong? what gives you that idea? i don't know. you just seem so remote. it's just the way i happen to react to great

economist for deutsche bank said it came despite the reinstatement of the payroll tax. that took $125 billion out of shoppers pockets. >> in my opinion, i think that speaks to the underlying resilience in the economy. >> reporter: that strength is giving new confidence to workers like willo carrier, a tissue machine manager at the gorham paper plant. >> we're just starting to get our feet back on the ground. folks are starting to say okay, i'm ready to buy a new car, you know, i'm taking a chance now. >> reporter: but cuts in defense spending have been a big headwind for the economy. defense spending is off almost 17% over the past two quarters. that's the biggest half year decline since the end of the korean war the. >> pelley: anthony, thanks very much. the surviving suspect in the boston marathon bombing has been transferred to a prison hospital. dzhokhar tsarnaev is recovering from gunshot wounds to his neck and leg. we just checked with the hospitals. and 29 victims are still being treated in the hospital, one is in critical condition. many of the wounded have face

economist at deutsche bank. joe -- >> nice to have you in person. >> exactly. >> i'm not experienced, a quick run out with the chair. feel like it should be in rollers. >> next time. that's a great idea. in terms of this report, do you think that this is a one data point or do you think that this is a sign of things to come? >> it's one data point. it's a bad data point. >> yeah. >> and a lot of data have been lousy over the past month, no question. and it's fanning fears of yet another springtime slowdown, but given me a break, i mean, this report is so flimsy with so many revisions. we could find out that job growth was zero or 200,000. and that would be well within the range of error. >> so, this is just one data point, i agree with that. what makes a trend? three data points? >> i would say, yeah, three, four data points. the problem, karen, is that we have the claims numbers, which are usually very good. moving up tremendously over the past few weeks. of course, i would say that's due to easter. we had the