this time her mind was clear, her timeline jibed with rob fischer's.lled going to bed by midnight and being woken up by rob right before his 911 call around 5:00 in the morning. >> i was trying to recall the best of my memory at that point and i was so dazed and confused and didn't remember in an accurate timeline when they first asked me. >> narrator: so belinda was in bed when whatever happened happened. and she just didn't have the strength to ask rob any probing questions. >> i was too much in a state of shock to ask questions, i couldn't even handle wanting to know anything. >> narrator: it was six months after lee's death, may 2011, when the medical examiner issued an autopsy report. in buffalo, suspicious confirmed. >> it was not ruled a suicide, it was ruled a homicide. >> narrator: but in phoenix? >> that was completely surprising. >> narrator: and in rob's place in california? >> there's a level of disbelief. you know, how do you -- how did that happen, kind of thing. >> narrator: good question, because nothing more happened as another year t

you know a lot about stanley fischer, i am sure. is this a good choice or not? >> i want to be hopeful. this is a hard time right now for the fed reserve. this economy has not recovered the way it should coming out of this recession. what we are seeing is that the federal reserve has limited tools. in a world in which congress is willing to act, and world in which congress is not cutting back on spending or shutting down the government costing the , congress is supposed to do its part. -- costing the economy $24 billions, congress is supposed to do its part. right now the fed has limited tools of monetary policy. it keeps playing and working with the one tool. >> you like yellen. >> i want to be hopeful. i'm not sure. >> what grade would professor warren give ben bernanke? >> it is a mixed grade for me. bernanke did a lot to stabilize the market, but he kept the focus on the largest financial and much less on what was happening at a different level. i want to be fair -- the fed's role has limited tools. in dealing with that crisis, the fed has a responsibility a

and these are the stories we're tracking for you today first up president obama nominated stanley fischer to vice chair of the federal reserve will the pragmatic policy maker live up to his reputation will discuss and eve smith the brains behind the extremely popular financial blog naked capitalism dot com joins us live near our new york city studios to talk pre and post financial meltdown. and later on in the show we introduced a totally totally new segment here on boom bust designed to make you the viewer in the driver's seat you won't want to miss it and it all starts right now. president obama has nominated former bank of israel chief stanley fischer to the position of vice chairman of the federal reserve the u.s. senate confirmed yellen on monday to be the next fed chair woman she is due to take over for ben bernanke when his term ends on january thirty first now fisher is touted as a pragmatic policymaker with extensive crisis experience in the past. held high level positions at the i.m.f. dealing with economic debate buckles in mexico and asia and fisher successfully navigated isra

and these of the stories we're tracking for you today first up president obama nominated stanley fischer to vice chair of the federal reserve will the pragmatic policy maker live up to his reputation will discuss and eve smith the brains behind the extremely popular financial blog capitalism dot com joins us live near our new york city studios to talk pre and post financial meltdown good stuff and later on in the show we introduce a totally totally new segment here on groom but designed to make you the viewer in the driver's seat you won't want to miss it and it all starts right now. president obama has nominated former bank of israel keith stanley fischer to the position of vice chairman of the federal reserve the u.s. senate confirmed yellen on monday to be the next fed chairwoman she is due to take over for ben bernanke when his term ends on january thirty first now fisher is touted as a pragmatic policymaker with extensive crisis experience in the past fisher held high level positions at the i.m.f. dealing with economic debate buckles in mexico and asia and fisher successfully naviga

confirmed quickly, particularly fischer. this, josephscuss mcalinden. he is the founder of. also with this, ed fleischman, the ceo of execu-search. -- he is the founder of catalpa capital. >> the jobs report is all about the weather, weather, weather. it gives no indication of the underlying economy. if you look at the isn report, the unemployment line item is the highest it has been in several years. i think people have not been out there to look for a job. it is not about people getting let go by any stretch of the imagination. it is just the weather in december. >> do you agree, ed fleischman? you for having us on your show. it is a timely question. we had just of list a timely trend report for the new york state area. the clients we surveyed -- and we surveyed close to 200 clients -- they are showing be a guest challenge for their business is hiring talent. -- they're showing the biggest challenge for their business is hiring talent. >> they can't find the talent they need? >> a cannot find the talent they need. there is a skill gap. they need certain skills that are not

fischer: thank you very much. mr. president, i rise today to rise on behalf of 18,000 nebraskans who have contacted me to express their concerns with the negative impacts of obamacare. rather than addressing these problems in last night's state of the union address, the president doubled down on his failed policy. the president had his chance to speak, and now i believe it's time for my constituents to have their voices heard. the law, mr. president, is hurting my constituents. it is hurting middle-class families. we knonow know that millions of millions of middle-class families have lost their health insurance. many who have enrolled in the exchange have been forced into plans that don't meet their families' needs. these plans often cost more, but it covers less. treatments, even for those battling cancer, have been delayed. we learned this month that a woman named josie, who was diagnosed with breast cancer, recently lost her doctors. she was forced to postpone her scheduled biopsy and follow-up treatment. the reaso

post in israel last year as a part of the beanie administration's top choice for some time stanley fischer had been rumored to be a possible choice for the us central bank to jen and yell and a fellow jew ended up snagging the top spot. fish are now seven years older was born in northern rhodesia modern day zambia. he is a dual us israeli citizen and had previously served as the chief economist at the world bank as was the first deputy managing director of the international monetary fund. fisher has also been a longtime professor at the massachusetts institute of technology and can count both outgoing fed chairman ben bernanke keith and european central bank head minute friday as former students. florida's southern palm beach county is swamped by heavy ryan for the second consecutive night closing stores i'm completely some matching light to run routes lions on sunday my distractions of being to site known to five southbound imports on page one of our cottage for several hours with no palm beach county schools will decline is an old catholic school was in the palm bay scallops people so sh

david: let's talk about stanley fischer. that is very interesting.irst time in a while you have a very, very strong, well-known vice chairman. he was of course head of central bank in israel. what kind of influence, first of all, do we know what he thinks about what the fed has been doing over the past few years? >> he has expressed some skepticism. ultimately i think, if he is going to be the vice chairman of the place. he is going to be a loyal soldier. he is not, at least publicly he is not going to push behind the scenes, publicly against janet yellen's approach but i think we'll see some, there will be some differences between yellen and fisher in that, yellen has a very clearly-drawn views. she is very supportive of these easy money policies. i think fisher is more internally kind of skeptical. he is not likely to just kind of embrace any idea without looking very carefully at both side of the issue. so i think you're going to see, not necessarily kind of a, fight against yellen, but just kind of some internal skepticism she will have to work w

yellen has to get better at it and fischer says don't communicate.going to like the silent treatment. >> he may whisper, hi, i'm stanley and qe 3 is cooked. it's over. i think that's the message. and by the way, i don't know that miss yellen is going to disagree with him. if you listen to most of the fed presidents, the governors, they want to get out of the qe business. i call it the water cooler talk. it's not working. it's not even picking up the end to the money supply. it's clogging up the arteries of the financial markets risk taking. they want to get out. i think every investor listening to this should recognize the fed wants to get out of the qe business. period. end of sentence. >> the economy wants the fed out of the qe business. stock investors don't know what they want. they are so short sided and short oriented but successful in shrinking government in israel, that's what allowed the private sector to grow and that's what is really critical here. yellen, she's so focused on kwapt state t kweant fa quantitative easing. i think he needs th

do you like fischer? >> i want to be hopeful.e. >> i was reading barclays know when they came out talking about stanley fischer what his name was first floated a month or so ago. barclays was saying that critics point to his perceived lack of accommodative monetary policy and the potential for any asset bubble risk. that was an interesting comment. >> it is interesting that you take someone who was running the central bank of israel and now he is serving on the central bank. could possibly run the central bank of the u.s.. >> what is interesting about that? >> do you not find that interesting question marquee is a general and one army and goes to be a general in another army. >> we are talking about the economy. in some ways much more competitive -- more important than an army. will -- i do not know if he is the right guy. >> does it come down to a choice where you have to decide if you have an action for your country and maybe it could be harmful to another country. >> this is something nationalistic. the idea here is he is an e

no, i do not think vice chairman stanley fischer will have an impact on chairman yellen and the othervernors in terms of a more international federal reserve. it is the federal reserve of the u.s. what is so scary here, these are marginal changes. makingovements in taper for large movements as you see in the reversal of turkish lira and particularly the verbal. -- particularly the ruble. i am focusing on the russian currency structure. >> thank you so much, tom keene with "surveillance." >> dollar, your problem. from controversial ads to using eye candy. got it takes to make an ad viral. we will talk about that when we come back. ♪ pulse,"me back to "the live from london on bloomberg tv. h&m banking on david beckham, hoping he can help win over america. he is the star of the companies campaign for this year. a little twist -- let's find out what is going on. hans nichols. uniquely qualified to talk about this. >> i have been avoiding talking about the details of this ad campaign all morning. we are going to jump into it, this is h&m's attempt to increase their 10% market share, the re

on fridayouncement was that they would appoint stanley fischer as the vice chair of the fed.hat does this mean for the fed? >> he is a real heavyweight. >> bernanke is a professor. it was a crisis fighter. nominated,wo people one was renominated that is a republican. he has been very supportive of bernanke. there are bringing over another from the treasury. >> to the white house think the economy is fine now? >> it is the fist bumps in the handholding. >> yet. >> -- yeah. number was disappointing. it put pressure on the president as he looks at some of the and thisproposals continued fight over extending unemployment benefits. fed'ss this threaten the tapering effort? >> i do not think so. ,iven the totality we have seen the $10 trillion reduction in the next meeting. >> julianna, you mentioned the state of the union. any sense of what a major theme or themes will be? >> one thing the white house has been rolling out is the emphasis on income inequality. haves have been doing well over the past years and the have-nots have not. that will be something they will push for. white

bobby fischer won it big, 56 years ago today. been on camera, you would have seen me bite it right there. oops. >>> all right now we know, it's official, obama care is making people sick and it's not just the rich. it's kind of everyone else. welcome, everybody, glad to have you, i'm neil cavuto. 47% of workers now say the money being taken right from their paychecks, 44% are seeing higher out of pocket costs as well. nearly 20% say they now are fewer doctors in their plans and the folks getting hit the most, middle class workers. home

chair. >> thank you, senator fischer. senator hagan. >> thank you, mr. chairman. and admiral winnefeld and secretary fox, thank you for your service and for the jobs that you do. i supported the recent budget after i heard from top military leadership in north carolina's military community about urgent need to halt sequestration of our defense budget. and we've had a number of hearings in this committee about the negative effects of sequestration, and i think we all agree that if allowed to continue, sequestration will drastically reduce future military readiness and actually jeopardize the national security of our country. we're still at war in afghanistan, it is essential that our service members are fully paid, fully equipped and receive the support and training that they need. however, i have strongly opposed the provision that was included in the murray-ryan agreement that cut the cost of living adjustment to cola that we've been talking about for our service members. we've made a strong commitment to our brave men and women, many of whom -- in my state -- ha

if confirmed by the senate, fischer will replace janet yellen, who's taking over as fed chair. a civil rights pioneer who helped spark sit-ins across the south, died overnight. in 1960, franklin mccain and three other black college students took seats at a segregated woolworth's lunch counter in greensboro, north carolina. they were denied service, but kept coming back, and the protests spread. in later years, mccain became a research chemist and sales executive. he was 73 years old. still to come on the "newshour"... today's lackluster jobs report... the chemical spill that led to a water crisis in west virginia. mark shields and david brooks on the week's news... plus, the library of congress's new ambassador of young people's literature. >> woodruff: today's jobs report was surprising, and by most accounts, disappointing. it renewed concerns about the strength of the labor market during this recovery. newshour economics correspondent paul solman begins a two-part look, part of his ongoing reporting: "making sense" of financial news. >> reporter: when it came to jobs, 2013 en

eric fischer has the forecast. don dahler on the first test for some new mayors. a supreme court justice blocks the contraception requirement in the health care law. chip reid on the challenge brought by a group of nuns. the colorado experiment. it's now legal for adults to buy marijuana for recreational use. and manuel bojorquez introduces us to a social worker who found a new way to give her clients a lift. >> it's my character. captioning sponsored by cbs this is the "cbs evening news" with scott pelley. >> dubois: good evening and happy new year, scott is off tonight, i'm maurice dubois. 2014 has begun with much of the country in the grip of an arctic blast. snow is falling in the upper midwest. tonight temperatures will once again drop well below zero in some places and all that cold air is headed east and a major snowstorm is forecast from the mid-atlantic to new england. we have a team of correspondents covering this. we begin in chicago with chris martinez of our cbs station wbbm. chris? >> reporter: maurice, heavy snow squalls are forecasted for the rest

eric fischer has the forecast. don dahler on the first test for some new mayors.ourt justice blocks the contraception requirement in the health care law. chip reid on the challenge brought by a group of nuns. the colorado experiment. it's now legal for adults to buy marijuana for recreational use. and manuel bojorquez introduces us to a social worker who found a new way to give her clients a lift. >> i have been healed and now it's my car's turn. captioning sponsored by cbs this is the "cbs evening news" with scott pelley.

when the anger if you vote among his supporters should one will see to it in as prime minister tim fischer elections. but in two thousand and find he suffered a stroke from which he never become that house was going from gaza to run without any say that you know the actual withdrawals. the sentiments he will continue to be and need to sticking point in negotiations between israelis and palestinians. the crt tepid. this is all to international what it was good to real late in the program shooting adults european countries jump off the eurovision ship while i was unable to afford to take hold in times of economic coverage. it was sudden. what was away on two scores for both of them so for the number of acceptable to write in to help people that were coping with the agonizing nature of some feathered friends. their stories. no official rate the other eye. a sixteen percent of the human voice and instrument of peace the european union is ironically taking fish from some of the porous nations on earth. so this is a very serious and very urgent problem that needs immediate international action.

know who's who's going to fill the slots for example we do think that there's a good chance stanley fischer is going to be nominated hero and accepted two to one of the slots and i think that he would find that his. policy stance is really to have lee well in line with earth and so what it really comes down to though is is to what extent is the president pick. members that are generally in line with janet yellen thinking or that the boards think in general and as long as he continues to pick members that are generally in in that vein then when it see a large change in in the composition of the policy making behavior the followers are so if a share is nominated you expect that we'll see more of the same is that we're saying through insisted pay that ok yes now could be see it potentially be felled by hawks. there is always that chance and i think though that we're we could see them fall by hock so to speak is to what extent they get filled a persons that won't be not worried about inflation so much might be worried about financial instability issues some do extended periods of low interest r

know who's who's going to fill the slots for example we do think that there's a good chance stanley fischer is going to be nominated hero and it's up to two to one of the slots and i think that he would find that his. policy stance is really to have lee well in line with earth and so what it really comes down to dollars is to what extent is the president pick. up. members that are shown are only in line with janet yellen thinking or the divorce thinking in general and as long as he continues to pick members that are generally in in that vein they wanted to see a large change in in the composition of the policy making behavior the followers are so if the share is nominated you expect that we'll see more of the same is that we're saying. pay that ok yes now could be see it potentially be felled by hawks. there's always that chance and i think though that we're we could see them fall by hock so to speak is to what extent they get filled by persons that are worried about inflation so much might be worried about financial instability issues some do extended periods of low interest rates contribu

know who's who's going to fill the slots for example we do think that there's a good chance stanley fischer is going to be nominated hero and accepted two to one of the slots and i think that he would find that his. policy stance is really to have lee well in line with birth and so what really comes down to those is to what extent is the president picked. up. members that are shown are only in line with janet yellen thinking or the thinking in general and as long as he continues to pick members that are generally in in that vein then when it see a large change in in the composition of the policy making behavior the followers or so if the share is nominated you expect that we'll see more of the same is that we're saying you insisted pay that ok yes now could be see it potentially be felled by hawks. i there's always that chance and i think though that we're we could see them thought by hock so to speak is to what extent they get filled they pick persons that are not worried about inflation so much might be worried about financial instability issues some do extended periods of lower interest

i assume stanley fischer will be there, maybe even janet yellen, all rise after what he has gone through of that, surely, there can be no doubt. to radio. we bid you farewell for the weekend. istina, what is on your agenda? >> i will be watching the car results from the auto industry, coming out through the morning. at the end of the day, we will get an aggregate number from the government. our own reporter matt miller i am sure will be all over this. it has been a banner year for the u.s. carmakers, and they will probably post some pretty strong results -- post some pretty strong results here. obviously we have -- >> they now call it mobile on wheels. >> what car will be the catalyst for auto sales? >> i don't know if it will be a catalyst for auto sales, but it will be very important for the mobileequal system -- ecosystem. >> one of the first things car buyers look at his technology of the car. what is on the screen, how does the ge it -- how does the gps work? was in arst time i tesla, i was blown away. amazing.is the screen is beautiful. >> it is like having a 55-inch tv in your car

do you acquire bonds today or do you wait for another event like stanley fischer? is very everybody is wondering when the knife is going to stop falling. whether the bottom is a few tens of basis points from here on the 10 year, i don't know -- >> what is your measure that says it is oversold? >> if you look at the supply and demand over the bonds out there. fed is unlikely to sell bonds, bank of japan looking at is unlikely to sell. they are likely to let these mature and portfolio. if you look at bonds in hard currency countries out there. are the ramifications of reduction of that bond funds? we make an inflammatory moment about it. what does it mean when there are redemptions, why is that a bad thing? >> it accelerates the same talk we had, creating less buy side interest and more falling knife concept. everybody assumes it is going to rotate into equities. >> do you? >> equities are so highly valued, it is hard to assume there will be more rotational -- >> where would the money go? >> cash is a wonderful place. >> hide under the desk. else? >> the president re

producer katie fischer welcome ladies so meghan hopefully i know you're there covering this hopefully you didn't face the wrath of graham what were some of the highlights for you all the highlight for me as you just mentioned was not being threatened but there was another highlight obviously this was a much more moderate speech that president obama delivered than any of the save the unions that we've seen this past that's marring the executive action that he's threatened in terms of his some of the highlights he promised the same things that he has an years past he promised once again that he wants one tom obey close for good in the detainee's transfer out of it he want to raise minimum wage he wants to reform the tax code reform voting rights in america and really he kind of got into very briefly immigration and gun control and also he defended the health care obviously he was playing defense in the in the wake of the n.s.a. reform scandal and in the wake of the obamacare as a failed rollout so he was really on the defensive and on in the state of the union as never before on the def

. >> the president will nominate stanley fischer, former governor of the bank of israel, as well as lael brainard, to the federal reserve board. also, re-nominating jerome powell to continue serving on the board of governors of the federal reserve. >> people were expecting these, but now chairman to the yellen has have people in place. good luck. the scandal that could ruin chris christie or help. we will hear both sides of the debate. companies headed out of the cities. we have detailers and a naysayer, coming up. escape from earth. the company will be supplying the international space station. look at this thing. ♪ >> this is "lunch money" on bloomberg television, streaming live on bloomberg.com, your tablet, and your smart phone. i am adam johnson. bridgegate, the scandal that made a new jersey governor chris christie apologize. >> i believe that all of the people who were affected by this conduct deserve this apology. that is why i am giving it to them. i also need to apologize to them for my failure as the governor of the state to understand the true nature of this problem sooner th

will nominate stanley fischer to be vice chairman of the federal reserve.ll replace net yellen, who was nominated to be president. current fed governor jerome powell is being nominated for a second term. new security concerns arising ahead of next month's winter olympics. russia says it is hunting for suspects in the murder of six people in a region near where the games will be held. islamicon suspects militants of staging the killings. is expected to announce a series of changes to u.s. surveillance policies starting next week. phil mattingly joins us now. proposed that a third party hold millions of phone records collected by the nsa. how much is that going to cost? >> this is a big issue, emily, of as you said, it is part 46 proposals by the president's own task force in the wake of the idea is that the nsa should not be holding the data. it should go to a third-party or two from carriers. dianne diane feinstein, chairman of the intelligence committee, said that would cost the phone carriers as much as $60 million a year and open them to an enormous amou

about the state of the union on joined now by art to correspond in a camo pants and rt producer katie fischer welcome ladies. so maggie and hopefully enter you are there covering this hopefully you didn't face the wrath of grandma were some of the highlights free of all the highlight for me and the decision was not being threatened the highlight obviously this was a much more moderate speech that president obama delivered in any of this and the unions that was in the past that smart and effective action that he threatened and screws up his is among the highlights. he pulls the same things that he has in years past. he promised once again that he wants guantanamo bay closed for good in the detainee is transferred out of it. he wanted to raise the wage he wants to reform the tax code we formed voting rights in america can really and he couldn't comment on very briefly immigration and gun control and also he defended that the health care obviously he was playing the fence and then in the wake of the nsa reform scandal and in the wake of the obama cares of failed the rollout. sophie is really on

the president will nominate stanley fischer, former governor of the bank of israel, as well to the federald, reserve board. also, read nominating jerome powell to continue serving on the board of governors of the federal reserve. >> people were expecting these, but now chairman to the yellen has have people in place. good luck. the scandal that could ruin chris christie or help. we will hear both sides of the debate. companies headed out of the cities. we have detailers and a naysayer, coming up. escape from our. earth.pe from the company will be supplying the international space station. look at this thing. ♪ onthis is "lunch money" bloomberg television, streaming live on bloomberg.com, your tablet, and your smart phone. bridgegate, the scandal that made a new jersey governor chris christie apologize. >> i believe that all of the people who were affected by this conduct deserve this apology. that is why i am giving it to them. i also need to apologize to them for my failure as the governor understand the true nature of this problem sooner than i did. see receipt began in september when a m

and these are the stories we're tracking for you today first up president obama nominated stanley fischer to vice chair of the federal reserve well the pragmatic policy maker live up to his reputation will discuss and eve smith the brains behind the extremely popular financial blog naked capitalism dot com joins us live near our new york city studios to talk pre and post.

will nominate stanley fischer, the former governor of the bank of israel to be the vice chairman of theederal reserve. has hadmeone who experience on wall street. he is a citizen of israel and the united states. he is also someone very well- known to janet yellen but they have not always agreed on some policy so it will be interesting to watch this going forward. personminating the point brainardeasury, lael and jerome powell. h.w. bushe george administration. will yeahed they janet yellen -- at janet yellen's side. d.c. but staying with the regulatory thing, the trialm -- insider trading of matthew martoma. his attorney argued this will hurt his defense. su keenan has more. the jury will hear that he was kicked out of school for faking grades. >> apparently has. these are devastating details for defense against cheating. lawyers vigorously fought to keep jurors and the public from hearing information in the sealed documents that they claim -- have grossly prejudicial information. at is painting mr. martoma in liar and the eyes of the jury. prosecutors claim he was engaged trading most

asked about stanley fischer and his work in 1997- 1998. all the research notes talks about canaries spread around the world in the coal mines of the world and there is a contagion. does your study of the linkage of finance to market turmoil -- is what we are seeing link into a larger crisis? >> it definitely can. at some point, there will be a change from the vladimir putin control over russia. is living on the brink of crisis on multiple peripheries. the latest one is a macro economic -- not crisis -- but the early signs of something to come. if you have this spike, these are things that topple governments. russia in 1998 was a. of immense turmoil and led directly to vladimir putin's ascension to power. >> you see that in argentina with the government there. we will talk about this throughout "bloomberg surveillance." with targetarting narrowing in on the big breach of data. it says hacker stole of vendors credentials which were used to gain access to their system. personal data for as many 70 million people may have been stolen. they say

nominate obama will stan fischer to be vice president of the fed.dent also is nominating former treasury undersecretary lael brainard two and empty seat on the board. and jerome powell will be fed governor. consumers are moving to mobile devices, tablets, for example and smartphones. in total, manufacturers shipped about 316 million pcs. lenovo is number one worldwide within 18% share, hp second, dell third. boast about when sales are crummy. >> that is true. ignorance is chris, pathetic? i don't know if that is what wall street is saying. as this traffic scandal continued -- continues, some are run inng if he will 2016. they promise to raise money for him. there are many questions about whether the traffic scandal would jeopardize that support. we have breaking news exclusively from one of those big-money men, stan druckenmiller. a fantastic moneyman and philanthropist making an official statement. eric, we need to dig into this. a pretty strong statement just one day after you see -- a pretty strong statement, just one day after seeing sandra cami

and because of the stories we're tracking for you today first up president obama nominated stanley fischer to vice chair of the federal reserve will the pragmatic policy maker live up to his reputation will discuss and eve smith the brains behind the extremely popular financial blog naked capitalism dot com joins us live near our new york city studios to talk pre and post financial meltdown. and later on in the show we introduce a totally totally new segment here on room but designed for you the viewer in the driver's seat you won't want to miss it and it all starts right now.

characteristics of a central bank that independent and more predictable policy when we have stanley fischer of yellen, experience, lots of it and the international view that requires international coordination. i believe the central bank is off the radar screen and we will be a positive force. gerri: jonathan, just to answer one idea which is really? it will be perfect? this and if you brought up bubble's what you think is a bubble right now? >> i think it is in bonds. 2013 great for stocks but terrible for bonds even without actual paper. investors lost more than 10 percent look what is happening now. reit, partnerships, preferredd3 stocks, interest-rate sensitive instruments are among the weakest that is a harbinger of the bond proxy's that people have been forced through the fed intervention. gerri: a great year the dow is up the nasdaq is up and get the first days of 2014 nothing to write home about negative across the board. david, where are we going? >> single-digit return 2014 includes dividends from the s&p. i see it as a single-digit number if we don't get a shock. it is a good cha

for the u.s., but it should look more to the outside world, which is why maybe they have stanley fischerhe trajectory clear? we are going to gradual tapering. >> the tapering story will play out through this year. improves, it is possible that the $10 billion per could turn into 15 or 20. we think they will be finished in september or october. 2015, theyll into will monitor how the economy is doing. we saw the gdp numbers out yesterday. again, they were strong. he had this kind of momentum in the u.s. it is possible that rate hikes ofe part in the early part 2015. >> you said you liked a lot of the u.s. equities. has anything changed? >> we have not changed. it is based on the fact that the u.s. economy continues to do well. it is outperforming. he has seen that in the currency markets as well. the dollar has performed very well. it is up more than anything this year except the yen. it is based on the solid momentum in the economy. we are sticking with that story. >> one of the things we discussed a lot in douglas -- in davos was complacency. you have been more cautious on europe. what e

fischer: thank you. madam president, i rise today on behalf of over 37,000 unemployed nebraskans and the nearly 21 million americans who are searching for work. the mass majority of these men and women are jobless through no fault of their own. they are the real-life casualties of failed washington policies. they are our friends, our neighbors, and in many cases they are our family members. they are decent people and they are desperate to regain the dignity of a full day of labor. we've had five years of economic fits and starts, glimmers of hope dashed by the harsh reality of persistent economic headwinds. but the weak job reports anded pollan in a claims of -- pollyanna claims of recovery don't tell the full story. our real unemployment rate tops 13%, significantly higher than the 7% reported by the department of labor in november. that's nearly 21 million people out of work. at the same time our labor force participation rate is at 63%. that is a near 35-year low. the greatness of a nation cannot endu

stanley fischer, the former government of the bank of israel, nominated to serve on our own federal reserved, said it could boost israel's gdp after peace, israel will enjoy richer economic benefit from relations with the gulf than it now enjoys with europe. imagine what that would mean for trade. stanley fischer, the former government of the bank of israel, nominated to serve on our own federal reserve board, said it could boost israel's gdp by as much as 6% a year. the jewish state of israel and the arab state of palestine can develop into an international hub for technology, trade, tourism. unbelievable tourism. the holy sites of the world, of the major three religions. this will invigorate a region. it is long past time that this ancient part of the world became known for what they can create, not for the conflicts that they can perpetuate. it is long past time that jerusalem, a crucible of the three great monotheistic religions, becomes known not as the object of struggle, but as the golden city of peace and unity, embodying the aspirations of israelis and palestinian's. after decades

as expected stanley fischer was nominated to replace janet yellen as vice chairman and treasury official lyle brain-dead getting tapped for an empty slot. jerome powell was not needed for a second term as state governor and those nominations will have to be conserved by the senate. ashley: more fall out from target's data breach, a to 17 million customers getting their information stolen, up from the original report of $40 million and it goes beyond credit and debit card numbers. the company says:they also now includes in jeans, e-mail addresses and phone numbers. targets as the hack affected other systems and the points of sales. the company would not provide more specific details to the fox business. target shares falling on the news down 1%. lori: stock alert, remember this one from yesterday? intercept pharmaceuticals another blockbuster day of trading, stock at 90 yesterday's game of 300% with the jump in the biotech company went from being a $1 billion company to having at evaluation of $5 billion. the move comes as the company reported its drug to treat river disease is effective.

bobby fischer won it big, 56 years ago today. and if i had been on camera, you would have seen me bite it right there. oops. >>> all right now we know, it's official, obama care is making people sick and it's not just the rich. it's kind of everyone else. welcome, everybody, glad to have you, i'm neil cavuto. 47% of workers now say the money being taken right from their paychecks, 44% are seeing higher out of pocket costs as well. nearly 20% say they now are fewer doctors in their plans and the folks getting hit the most, middle class workers. home depot founder bernie marcus warned all about this. but first, fox business.com's kate rogers on the numbers that don't lie, but might make you cry. >> that's right, neil, the middle class say they're being hit the hardest by obama care. the workers receive their insurance through their employer. those making between $50,000 and $75,000 a year saw the most money being taken out of their paychecks for insurance costs. plus they're most likely to say that -- over all nearly half a million

in 1967, fritz fischer brought out ball war of germany using the archives to posit, it had taken advantage of a crisis and snowballed it, he did not have access to many of these files in east germany and my question to you is having access to it now, a major cause of the war? >> i don't have access to it because i wrote my book 22 years ago. and i don't have the strength that margaret is going to do in the future to clarify these items. germany, the war wouldn't have happened without germany. it would have happened in some form without all the other continental powers. the germans ignored the treaty in 1838-39 which created belgium which prussia, the german empire signed, also australia, the british behind act for britain was the two determinants of british policy, the royal navy must be superior to any other power or loop of powers. that is all we have got. there must be no continental launching pad adjacent to the british isles which could be used as a stepping stone or a launching pad for an invasion by a continental army which is going to be larger. i think the british stuck to those r

gregory fischer. >> great work on the meeting, best practice, we all need to follow. well done. i suggest we consider adding something to the four pillars. in louisville what we are doing is developing the cradle to career pipeline so four pillars that we have, first one is early care and kindergarten readiness, the second is k-12, third recall 55,000 degrees which is 50,000 more college degrees in the communities and we would normally have but the fourth pillars 21st century work force. scenes the rapidly changing needs of the work force and what is coming out of our educational institutions, going back to grade school where we should be teaching basic problem solving, data collection and analysis, i think that focus on what the jobs are of the day is important with our pillars strategy and will also give us more of an opportunity to mark our international competition and be aware of the global competition. i don't want us to lose sight of that. >> under the secondary pathways, post secondary path way is where we open the cover of 21st century job preparedness' i hope you will

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don't know if you saw this, but also a louisville radio station reporting republican state rep joe fischerg abortion is, "the most brutal form of domestic violence." how do you react to that? >> you know, brian, abortion, like with most issues, is a local issue. again, echoing what irin said, and what we need to do going forward is slug it out at the state level. i think democrats sometimes tend to not focus so much on the midterm elections and we see our big turnouts for our presidential elections, especially among latinos and youth. so if we want to see the essence of roe v. wade recaptured, we need to start at the state house level and we need to uber mobilize these constituencies that don't tend to turn out, because this is the only way we're going to have a blockade towards the infringement of choice rights. >> i could talk more about this, but i want to take a bit of a turn, because it's obviously related. at least one of you mentioned how out of touch you think the republican party is. sabrina, i'll put it to you, how is the republican party going to appeal to more contemporary wome