lot ♪ ♪ i fink you freaky and i like you a lot ♪ ♪ i fink you freaky and i like you a lot ♪ ♪ i fink ' beat is nice ♪ ♪ back in da day dem dwankies ♪ ♪ didn't wanna believe in us ♪ ♪ little did dey know dat dey was ♪ ♪ in for a big big, big surprise ♪ ♪ left home locked in my zef zone ♪ ♪ ready for da test yo ♪ ♪ what da heck? i guess so ♪ ♪ hit da overseas everybody's heads get blown ♪ ♪ get everyfing for free like dr. dre beats headphones ♪ ♪ when i get home i lounge on my zef throne ♪ ♪ make my mummy happy 'cause i get so paid ♪ ♪ making my money rapping over techno rave ♪ ♪ i can take you round da world let's go, babe ♪ ♪ when i step up and do my thing ♪ ♪ i put you in a trance ♪ ♪ my zefside click got it going on ♪ ♪ i don't care what you think i do what i want ♪ ♪ i can make a million little jimmy kimmel jump ♪ ♪ jump, jimmy kimmel jump, jimmy kimmel, jump ♪ ♪ jump, jimmy kimmel jump, jimmy kimmel, jump ♪ ♪ jump, jimmy kimmel jump, jimmy kimmel, jump ♪ ♪ increase da peace don't wreck da party ♪ ♪ and mess da jol up for everybody ♪ ♪ ek's a laancy jy's a gam ♪ ♪ want jy laminaman

fink you. -- thank you. >> i know i look like oa youth but i am staff. i have been in the hunters point family in -- for two years. i want to say that we have been doing the work in the community, building relationships with the usey -- outyouth taht -- use tht last three years. we feel comfortable that they do not have to watch their back when they come here. we can give the services and some things are [unintelligible] $200 to the laker game but this is more important to me to be here to support my family and to leave it -- to let you know we appreciate you and please keep us here. thank you. >> what was his name? nice to see another lakers fan in the room. i want to say thank you to dea. she is very helpful but she has served with distinction in public service, former supervisor sophie maxwell. >> i'm here to support them. and and talk about how old they support us. by giving us jobs and taking us to the movie and stuff, getting us out the neighborhood, stuff like that. i am here to support you. thank you. [applause] >> hi, good afternoon. i am here t

whatever you fink about tax policy, that's not what you do if you're a country that thinks of yourselfrsonal. >> you move it to where you were sort of boots on the ground yourself in afghanistan showing people observations of how the money was spent which i found appalling in the first several -- >> wasted several millions. >> for example, like my little town where i live in western massachusetts, i live in dirt road rural massachusetts. i live in what we call the kentucky part of massachusetts with cars on blocks and the whole thing. i love it there. we have in my little town, roughly seven houses that are on the town water system. we got homeland security money to protect our water pump from al qaeda? i mean like maybe al qaeda does want to gh after our seven houses. maybe. but maybe that wasn't the best use of resources. there is a lot of stuff like that. the popcorn museum and condi festival being protected like homeland security money after 9/11. >> i think that's some of the reason why people do tune out, rachel. they say there's nothing i can personally do about all of this wast

you never thought you'd need a teddy bear, a fink tank and say night light all in one. >> that's whatm. it has a voice recorder. listen to this. >> good morning, america. >> say that again. >> good morning, america. >> that's good. you can use it as a bank? >> as a bank. if you put fish food in there, the food goes in the bear's mouth. >> is that is so wacky. >> speaking of wacky. you love dogs. you love music. how about a life size german shepherd that is a speaker? the crazy thing is, you imagine a dog coming over like k.j. and you go wow. >> it has good sound? >> really good sound. take a listen. ♪ ain't nothin' but a hound dog ain't nothin' but a hound dog ♪ ♪ you ain't no friend of mine >> okay. you can put that in the yard. i hear they come in golden retriever. >> guaranteed the top wolfer speaker on the market. >> no pun intended. i have a jack russell. she's never met something she cannot destroy. >> this is the development of a bionic rubber for toys. dogs are going to fight over it. as it goes right here, you can give it any chew and it's going to look like new. they had it

larry fink has been out on a campaign, telling people you are losing money if you're in the money markets, and if you're in bonds. >> he said go into stocks weeks ago. >> and it's nice to actually see some movement there. kelly, let's talk about the higher costs that are starting to bite the bottom line. we're all worried about inflation here, where rates have been. what are you seeing? >> maria, it's inflation if you can pass it along to customers, but there's a question how much companies can do that. the end of the quarter looms and the first-quarter earnings season thae could be down year-on-year. just want to mention a couple of sectors to keep an eye on. materials, telecom, they could be posting declines double digits year-on-year. revenue is supposed to be up. sales up, earnings down, and costs have a lot to do with it. companies like pepsi have been those commenting about this. i think if you recall, southwest saying higher jet fuel costs might be a reason they might post a loss in the third quarter. >> we'll see if they pass this along to the consumers. that's what everybody's wo

the guarantee that insurance companies will not raise your premiums if you get sick which michael refers to as price controls but i fink many americans and the polls back this up have -- support controlling price when it comes to insurance companies jacking up their insurance premiums and necessarily. the question of the day is not whether this is a good law but a constitutional law. and i think it clearly is constitutional. i will give you three main sources for the authority congress has to pass the mandate. first congress's power, express power to regulate interstate commerce among several states. congress's power to pass laws that are necessary and proper to executing this commerce and other delegated powers and the power to tax and spend for the general welfare. i am happy to talk about that more but i will focus more on the commerce clause and necessary proper clause. applying these constitutional principles to the case of the individual mandate the argument in support of the mandate boil down to the mandate is a valid exercise of the commerce clause power because it regulate economic conduct. that is how and whe

and ever since that day, you can see that we're going to restore those 15 years that he's lost and make him a functioning member of society once again. >> that report from bill fink of abc. the u.n.'s human rights chief, navi pillay, has accused of syrian authorities of deliberately targeting children. in an exclusive interview with the bbc's fergal keane, recorded before the latest peace moves, she said she was deeply concerned about the fate of hundreds of children currently held by the government. >> this is one of the shocking developments in the way the syrian government has been reacting to legitimate calls of the protesters, is that they've gone for the children, for whatever purpose, in large numbers, hundreds detained and tortured. i've seen some of the evidence gathered behind the commission of inquiry, who talked with parents, who talked with the victims. it's just horrendous, children shot in the knees, held together with adults in really inhumane conditions, denied medical treatment for their injuries, either held as hostages or held as sources of information or just the sheer brutality of this whole clampdown. >> you spoke about the -- you spoke abo

fink told investors to be 100% in stocks. investment pro mike holland says they're making an observation about the bond market, one that holland agrees with. >> the reason it's important is he's observing that when you buy a 10-year treasury or 30-year treasury, you lose money every day you own it. >> reporter: what are these guys talking about? aren't u.s. bonds supposed to be safe? here's the problem. a 10-year bond yields less than 2% these days. and, most of us would agree inflation is about 3%. so even if you hold that bond to maturity, your purchasing power erodes. simply put, you lose. experts say the potential loss for bond fund investors is even worse. and that's worrisome because investors are gobbling up bond funds like it's their last meal. >> if you own a bond fund you should probably sell it. if you're in a bond fund and if bond prices go down as interest rates go up you are locked into that loss, you never get it back. >> reporter: to be clear, what buffett and others are saying may not happen today, tomorrow or next month. you might not lose money right away. but, they still believe bonds are a very risky place to be. suzanne pratt, "nightly business report," new york. >> susie: so h

fink that is not really a problem. a star collapsed. maybe some gas. traditionally an astronaut who should not go there and should have known better, but this is pretty trivial when you talk about having lost the universe. and the everyday life. the predictability that science depends on as well as my reliance on, as in a dependable way and potentially undermined by information from our universe. in 2004 he came up with a solution to this problem. some of his more astute colleagues such as roger and rose in his arguments for the information peridots are more powerful than his solutions. all this rogue pulling were denied, all things minor in contrast hawking's recent announcement that he suspected is not going to be possible for anyone ever to discover a fundamental theory of the universe. of everything. which is something he spent his life hoping for. in m theory that has fragmented. we catalina several explanations for the un -- underlying theory. you think of string theory and supergravity but we don't know how to formulate the underlying theory of a single set of equations and arguably we never will. so that is a huge turnaround for him. there is another change i

fink came on the program last week and said it's a huge mistake to be putting money in cash. >> i agree. >> that you're actually losing money. >> first of all, the market today, i think if you drew a line, it would look just like that for the last two months. nonstop. how about a correction. it's healthy. it's not a big thing. no panic. it's 200 points. it's 2%, whatever, thereabouts, a little bit less. so what. you know, i am more bothered by the fact that we aren't creating a massive number of jobs in america. that's what i'm worried about. because i think we are going to have a hard-core unemployment in america. and what do you do about that. what do you do about those people who want to work, but can't get a job. >> what is going to be the catalyst for this market and for the economy? you think it's the election? >> oh, absolutely. let me tell you what. not if, but when mitt romney wins, watch the change in attitude towards business. we create jobs. >> you think businesses will start picking up the pace of creating jobs if mitt romney wins? >> yes. because look, why do you have -- presumably you have regulation for one reason, to make sure that you protect everybody in

i fink if we were able to get those kind changes in place, you could do 25 or 40% more of what you want to accomplish for the same amount of money. that is the estimates that are out there of how much the ridiculous regulatory burden is driving up the cost of infrastructure spending. by all means, let's do it but let's get maximum value for the buck. >> our time is up. thank you very much. >> thank you. [applause] this is quite a creative talent that you have unfolding in front of you but i do want to commend this interview. for those of you who don't know he is one of the most eminent economic scholars in the world, and an authority on the monetary history of the monetary economics and monetary policy and an author of a wonderful to volume federal reserve. i know you are not in the [inaudible] tell us why. >> well, i do think -- and i commend him for responding to the question at least he responded to it so i applaud him for that. now she's doing the administration's fiscal policy and that isn't a good thing for a central bank to do. so the proof of the pudding is going to be whether h

fink foundation. the hkh foundation. barbara g. fleischman and our sole corporate sponsor, mutual of america, designing customized individual and group retirement product. that's why we're your retirement company. >> can youimagine how different public television would be without the thoughtful, fair-minded commentary and conversation that bill moyers shares with us each week? i'm midge woolsey of wqxr, the classical radio station in new york, and i'm here to encourage you to take this moment to give generously to this public television station so that we can continue to provide you with exceptional programming like "moyers & company" in the year to come. we welcome any amount you wish to give, but when you make a contribution of $90, we'll thank you with the hardcover edition of "bill moyers journal: the conversation continues," a guide to some of the most important years in american politics and culture with many of its most intriguing and stimulating voices. one reviewer writes, "in the style for which he's known, moyers probes with respect, intelligence, curiosity, humor, and graciousness." join us at the $130 levelto and we'll thank you with the three-part series "moyers & company: winner-take-all."

you can collect food stamps. by the way, amanda clayton? they cut her off. she's no longer collecting food stamps we don't know about leroy fink.laughter] we don't know, he might still be on 'em. megyn: i don't think he's having any regrets. well, we are following a developing story from the fashion world today. reports of growing sales of a product called manty hose. think we're kidding? wait until you see the pictures. >>> plus, keep an eye on electronics today. we're tracking a massive solar storm that could cause big problems here on earth. >>> and the white house just weighed in on a report that we, that we -- the administration -- offered to sell israel powerful new weapons if the israelis would promise not to attack iran this year. we will hear the israeli side of this story next. >> in the meetings the president had, there was no such agreement proposed or reached. we have, obviously, as we've discussed high-level cooperation between the israeli military and the u.s. military. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's new glucerna hunger smart shakes. t

fink is on the right track. there's going to be an expansion of this market over the next couple of years and earnings will stay stable. the market will likely go up. undervalued especially when you1,700 this year. you said laszlo birinyi was on track. that's his track, s&p 1,700. >> that might be a little overambitious. i'd be looking more at a 1,400 or 1,500 s&p move. at that, we're looking at a 14 or 15 on earnings. that is a sustainable multiple as far as what we're doing. >> last quick question. we have the rurlts of super tuesday. it wasn't a clear sweep for romney. is it market positive or market negative for obama to win or romney to win? does it matter at this point? if obama wins, that means the economy is improving, which is trait great for the stock market, right? and if romney wins, may be more pro-market in terms of his policies, that means the economy isn't doing as well? . >> the truth is this, melissa, this market has been going up. and we've been seeing job creation in spite of policy that's coming out of washington, not because of policy that's coming out of washington. with a romney victory, more than likely we would see that expansion that i was talking about