for 20 seconds and then goes up again -- up again and then freefalls. when you are freefalling, you're inside the plane so you have the sensation that you are floating, and it is so much fun. [laughter] >> let's take another look at a scene, with some of the same ideas. they get detached while they are flying through outer space. >> we're going to hit hard. grab hold of anything you can. >> what do i do? what do i do? >> the tether broke. ah, ah! >> i'm going to take a look at this. this is a picture of a lightbox that was one of the new pieces of technology you used. what is the lightbox? >> it is a 9 by 9 empty cube in which are led lights. i don't know how many million individual lights are inside. you can see the image inside the international space station. if the character is inside, the image will convey the point of view of the character. >> i see. >> that image is going to lead the character. it works as a reference, a point of view. most important is the interaction of the light, because that lighting has to match perfectly with the cg environ

a sky diver in freefall knocked out cold not able to open his chute. abc's dan harris shows us what happened next. >> reporter: this video starts with a group of skydivers climbing onto the outside of a plane preparing to jump. the small camera is attached to the helmet of an experienced 25-year-old skydiver named james lee. he's done this more than a thousand times, but never before has this happened to him. seconds after he leaps, a freak accident. one of his fellow diver's legs hits lee in the back of the head knocking him out. the camera goes wobbly as lee tumbles, unconscious, from 12,500 feet toward certain death. slowing the video down, you can see his arms go limp. skydivers fall at the rate of 120 miles an hour on average. look what happens next, his friends notice something is wrong with him. they approach giving lee hand signals to check in he's okay. seeing he's not, they reorient his body to the correct position and then deploy his chute. you can hear the hiss of the air relent as lee's descent slows down. >> it's pretty incredible when so

isn't a bad policy it does prop up asset prices which when your asset prices are in freefall as they were after the financial crisis can be a good thing and they said we have here is a crisis as well but we also hat falling asset prices so that can be a good thing it does help to keep the economy afloat to reflate it when we've got risk of deflation quantitative easing does help with that. and it may be has helped with things like funding for large corporations that kind of thing my argument is that it doesn't kind of reach the parts that it really needs to reach it doesn't reach what in america you call main streets it doesn't drive the economy and so we've had very rich the assets holders didn't quite well out of this at the same time. other people poor people suffering fools. say this has been hit by a lack of savings interest and savings those kind of things we've had a bit of if it's on hand and take it away with nothing really to fix the too big to fail model ultimately these banks need to be broken up wall street right now is is nothing more than an oligopoly in which you have

. >>> and freefall. an unconscious skydiver wearing a camera plunges to earth. new heart-pounding video of the daring race to save his life. >>> good evening. diane is on assignment tonight, and we begin with that sheer icy misery all across the south. the deadly chaos still unfolding in georgia today. the highways jammed with miles of cars and trucks abandoned, no one at the wheel, and tonight questions are flying about how a major american city became so snarled by the storm. all day long southern hospitality also on display. good samaritans handed out water and supplies to everyone in need. our extreme weather team covering it all starting with matt gutman in atlanta tonight. matt. >> reporter: good evening, george. tonight, parts of atlanta still look apocalyptic, mile after mile of traffic jam, and in many cases, we've seen cars abandoned by the side of the road by the hundreds. right now georgia officials are still trying to clean up this mess and de-ice part of this bridge, but this is taking quite a while. atlanta roadways frozen in place. today 20-mile

. >> time for a bungee jumping world record, jumping off from a 750 foot cliff in u cane, total freefall of 557 feet. but watch. >> oh, no, no. >> our jumper here, suspended by that bungee cord, hooks through skin in his back, what they call suspension hooks. >> let's don't. let's don't get a closer look at those rigs. >> they do the piercings right before so the skill is still wrong. it's not like one of those old holes. >> they also do a lot of, like, calculations, the force and the weight and they know it's not going to rip through. zuch see his skin pull when he finally gets -- ah! >> it's like when a mom cat picks u the baby d carries it ound. >> but that doesn't look painful. this looks horrible. >> he certainly doesn't look like it hurting. when he . >> two outdoorsmen try to save one buck hooked to another. when the buck doesn't say thank you. >> and there a proposal videos -- >> and there are proposal videos. >> and meet the happy couple and how he got into those tight clothes. >> takes a real man to wear this. >> yeah,right! >>> hey, don't forget there's an app for iphones and

he has a big huge freefall and gets super low over this road cut through the mountain here.e have this from another angle. that is scotty bob. >> look how close he is to the ground. >> the trench line is awesome. the entire video is on our website, click on the show. or watch it on the mobile app. >>> they brought in 20 cancer patients to talk about what they have to go through in a day. and they talked about how it's always on their mind this looming threat of this disease. so the foundation thought let's do something, let's give them a makeover. so they brought these 20 different cancer patients in, but they had to keep their eyes closed during the entire process of the makeover. when they were asked to open their eyes, this is what they saw. ♪ the makeover was basically ridiculous. they does these people up in goofy makeup, silly wigs, all kinds of different costumes. and when they opened their eyes, there was a photographer there to capture that singular moment of being carefree, of being happy, of being the silly person in the mirror. >> its e's remarkable because i the

. >>> and freefall. an unconscious sky diver wearing a camera plugs to heart. ne

the factors blamed for today's freefall.of poopy on wall street. >> aww. >> how a republican hoping to be your next governor is already hitting the campaign trail. >> i was very surprised told he didn't have asthma. >> how some doctors say millions of misdiagnosed cases are doing much more harm than good. ,,,,,,,,,,,,,,,,,,,, street's worst week in morea >>> your realtime captioner is mrs. linda marie macdonald. >>> now at 6:30, the dismal day for the dow wrapping up wall street's worst week in more than a year. the dow was down more than 300. cbs moneywatch reporter alexis christoforous on the reasons behind the freefall. >> reporter: it has certainly been an ugly start to the year on wall street. stocks have closed the book on their biggest weekly loss in well over a year. invests are worried about a possible slowdown in china's economy, disappointing earnings from u.s. companies and now, a possible currency crisis. the value of currencies in emerging markets like argentina, russia and south africa plunged against the u.s.

a freefall. >>> and not again, another plane landing at the wrong airport just this week, and new images emerging tonight that have crash in san francisco. this evening, we're taking you inside a cockpit. >> i'm going to have you do the takeoff. >> pilots or computers now flying our planes? could we save the flight? tonight, who's flying this thing? >>> and taped up. who gets your vote tonight for the most horrible passenger ever? >>> "imperfect getaways." here now david muir. >>> tonight, here, so many families dream of the perfect getaway you're about to see what happens when that getaway takes a deadly turn. a quiet kiln was waiting at a hotel and struck in the same room just weeks before. tonight's matt gutman unlocking the mystery of room 225. >> reporter: 3,000 feet up in the brisk blue ridge mountain air, the busy little town of boone, north carolina. as in daniel boone, he camped here. and 200 years later, the tourists are still coming. >> it's a college town. it's one of those things that's -- like a small community. just about everybody knows everyone. >> reporter: where everyb

. >>> and freefall. an unconscious skydiver wearing a camera plunges to earth. new heart-pounding video of the daring race to save his life.

in the four-hour hearing, she said she inherited a department in freefall, which regulators unable to decide which permits should be changed or revoked. she said the average time for permit renewals is four years. the department goal is now two years. the director is requesting $1.4 million and three positions to fix the department's hazardous waste tracking system. an investigative unit analysis last year showed more than 40% of the manifests contained errors or missing details about the waste and its final destination. >> this is a system that's supposed to track hazardous waste from cradle to grave. it is broken, antiquated and needs fixed. >> reporter: jerry hill wanted to know how the department is handling the 440,000 tons of shredder waste produced every year, some critics and internal memos have indicated should be disposed of as a hazardous waste but has been exempt for years. >> the two fires we've seen over there in six months is troubling. it's not the fire there, but what the fire is creatincreatin. what is in that smoke? >> reporter: we raised these issues last february.

. >> former arizona congresswoman gabby giffords will appear on the "today" show to talk about freefalling, three years after being shot in the head. giffords marked the anniversary by jumping out of a plane. she wrote on her facebook page, quote, today i grieve, i remember and i take another step. i'm stronger now so i have the opportunity to do something i love. giffords was one of 13 wounded in a shooting at a campaign event in tucson in 2011. six people died. she spent several months in the hospital where she had to learn how to walk and talk all over again. >>> still ahead on "today in the bay," the latest and greatest in the auto industry now on display in the south bay. >> a mission to mars t project under way hoping to get people living on the red planet in the next ten years. are you available? >> we'll look toward nasa, i cut off the roadway but there it is, thank you, 101 moves smoothly on the peninsula. we'll talk about your east bay and tri-valley commute coming up. to those who've waited... worried... poked and prodded... taken risks... and lived in a state of "what if?"... w

salters one hundred mi says it won't be the cold weather giving them the chills they takeoff and freefall ramp promises to delay but the biggest rush of adrenaline for competitors and fans alike. explains. if the thought of jumping off a ninety five mi to. then maybe one hundred twenty five the trick. with. these of the athletes will be braving the winter olympics in. the us john hewson tell me she sportsmen and women fly with wings. the name. which translates to russian mountains in the english is quite fitting as the events held here known as the roller coaster of winter sports but will they be enough snow for little coasters. now as you can see. it's interesting. joy. and. utilizing the well of. the machines turning into this. all said and done what's left is to get all the sports men and women out of the crowd. sharing. one that will bring you special live coverage of. a spectacular opening ceremony as well as having our own studio that is sultry to keep you up to date with what's happening there but in the run up to the big games we'll continue to give you a preview of the olympic ve

one hundred meters skid drum page won't be the cold weather giving them the trails the takeoff and freefall rahm promises to deliver the biggest rush of adrenaline for competitors and finds alike and does all he's a to bang will say explains just let's listen to what she says. if the thought of jumping off a ninety five mi to rampa doesn't give you very cica then maybe one hundred twenty five meters will do the trick. these are the highs athletes will be braving at the winter olympics in sochi the russkie gorky jump essentail will see sportsmen and women flying without wings. the name. which translates to russian mountains in the english is quite fitting as the events held here known as the roller coaster of winter sports but will they be enough snow for the coasters what the read is that it collects the snow machines that are round to the ski jumping ramps gather the snow and then even it out on the field now as you can see inside it's quite interesting i mean it's like world. joyce which of the dr is controlling with and you've got all these really interesting buttons these. utilizing the

cold weather giving them the chills the takeoff and freefall round promises to deliver the biggest rush of adrenaline for competitors and fans alike as i choose to explain. if the thought of jumping off a ninety five need to ramp doesn't give you very then maybe one hundred twenty five meters will do the trick. these are the highs axes will be braving at the winter olympics in sochi the russkie goal to join peace until we see sportsmen and women flying without wings. he told. him. the name. which translates to russian mountains in the english is quite fitting as the events held here known as the of winter sports but will they be enough snow for lunar coasters what the read is that it collects the snow. around the ski jumping ramps gather the snow and then even it out on the field now as you can see inside it's quite an interesting. world. joyce which the dr is. with and you've got all these really interesting buttons these basically utilizing the well the. water into the machines that are turning it into this official. all said and done what's left is to get all the sports men add to wo

one hundred meters ski jump it won't be the cold weather giving them the trails the takeoff and freefall ramp promises to deliver the biggest rush of adrenalin for competitors and finds a like as i say now explains. if the thought of jumping off a ninety five need to ramp doesn't. then maybe a one hundred twenty five trick. these of the athletes will be grieving at the winter olympics in sochi the russkie junkies send the sportsmen and women with. the name. which translates to russian mountains in the english is quite fitting as the events hold a note as the roller coaster of winter sports but will they be snow. storms. and. the machines turning into the. whole set in don what's left is to get all the sports men and women in the crowd. cheering. go. on from the front today of bringing you special cover. joe be highlights as well as having our own studio there in sochi to keep you up to date with what's happening there but in the run up to the big games will continue to give you a preview of the olympic venues well child series of reports with to say here on out international and on our w

to face it folks the euro has been shedding menu since early last year in december it went into freefall. it's a problem shared by many developing countries. india has also just raised its benchmark rate. aikido here as in turkey is to keep foreign investors from putting on the capital. the counties of south africa argentina and indonesia are also under pressure to adopt the values depend on us monthly policy that said the reserve has begun the winding down stimulus measures. signs of an improving outlook in the us economy. that's attracting investors to pull the money to developing markets. the ethos of the ten percent a bank's decision to double its benchmark interest rate was a nice short lists on corresponded with content is the support of the day's trading. at times the market was really under pressure the share prices tumbled and the people here were shaking their heads. they're asking themselves where will all this lead to turn turkey increased its interest rates drastically nobody had reckoned with such a decisive step. but it only helped the turkish lira for short time it only h

sorties one hundred meter ski jump in one of the cold weather giving them the chills the takeoff and freefall ramba promises to be the biggest rush of adrenaline for competitors and of fans i like now i just came back from sochi where i took a look at how those rooms are being prepared. if the thought of jumping off a ninety five need to ramp doesn't. then maybe a one hundred twenty five meter trick. these are the athletes will be grieving at the winter olympics in sochi the russkie jump you send the sportsmen and women with. the name. which translates to russian mountains in the english is quite fitting as the events held a note as the roller coaster of winter sports. snow. storms. and. the machines turning into the. goal set in don what's left is to get all the sports men and women out in the crowd. sharing. gold. from the first day of a lympics we'll be bringing you special cup. bridge from a studio they sort she which will keep up to date with everything that's happening and in the run up to the big games will continue to give you a preview of all the venues with our lympics series watch

those asset prices which when your asset prices are in freefall is they were after the financial crisis come the good thing and they said we have here is a crisis as well but we also had a falling asset prices so that can be a good thing it does help to keep the economy afloat to reflate it when we've got a risk of deflation quantitative easing does help with that. and it may be has helped with things like funding for large corporations that kind of thing my argument is that it doesn't kind of reach the parts that it really needs to reach it doesn't reach what's in america you call main streets it doesn't rise to economy and so we've had very rich the assets holders to quite well out to this same time as other people poor people have been suffering falls in wages and savers have been hit by a lack of savings interest and savings those kind of things so we've had a bit of give one hand and take it away but the other really ok now savers in the u.k. they're getting hit pretty hard by the decline in interest rates and some of come together now to lobby the u.k. to raise rates and there is

did the test tube with a company to a freefall times begin eighties today. once again whether the decade as well and if it says is his will and i like to know the saying says when he's out sunning manager meets the sheep industry it's usually demand that the industry which keep its fifth edition intact what he means is you can be the best manager to manage a company that is into sports rage building to fail. the fuel ok match or the beach on to write this in my cam which is to what e commerce is today then you just might do with that tone that as the deepening over due on the top eighteen not sweets but these come at the q we are on the right pace and i come back to summers is doing his job right. we have eight new wiesel a few products but premium customers in europe something is missing its people are happy to come back to what you think about the condo when it comes to competition because ordinary brick and mortar stores they're developing their online presence as well to think that the competition fall from from bend quilt will toughen dots and pink pass

see what happens in freefall though that the vertical speed will keep increasing, increasing, increasing and become very, very big compared to that horizontal speed you have. so it looks like you're going straight down. what do they do in the old cartoons where the roadrunner runs off the cliff, you know? the roadrunner runs like this: da-da-da-da-da-da-da, aaaaah! foooom! okay? they go straight down. but that's a little bit different than in that, gang, isn't it? the roadrunner will be like, doo-ooo-ooo. goes like that. always going this way all the way down though. a lot of people don't realize that. they think you go like this and then straight. you don't go straight. there's always a little angle. and that angle gets steeper and steeper as time goes by. but here's the point i want to make, gang. if it takes four seconds to go from here to here, it takes four seconds to go from here to here. so i ask people when they get up there, do you suppose if you jump, you could hit the pool? and how would you find out? and here's what you do. you figure out how fast, how far out you could jump

taxes but that what follows is a cycle of boom and bubble boom bubble and bust economy goes into freefall unemployment soars the american people suffer when the fact the matter is that if you look at the history the united states whenever the income tax top income tax rate after about three million dollars a year of income whenever the top tax rate goes above fifty percent then you don't have hot money flowing around in the system and so people don't gamble with that money and you don't get these bubbles and you don't get these crashes you know we had the period from night from the one nine hundred thirty s. until the one nine hundred eighty s. no bubbles no crashes top tax rate was ninety percent and then reagan comes along drops it down to twenty eight percent bubble crash bubble crash bubble crash three of them in three decades so it isn't time to raise the top tax rate back to where it used i don't think that we had a robust economy like we've had ever since ronald reagan put a lot of these into effect we have not had the stimulation within our economy my money is mine and i'm sorry i

industry for a long time time, even if you look at what happens in the employer environment and a freefallright to a and accurate information and the back-and-forth between the insurance companies and people signing up is a very complicated process. it is not something that will be fixed necessarily as easy as has been reported with the interface. the problems are more complicated because you have multiple systems that need to talk to each other to share the complicated data. gerri: not only orphans but also goes. unbelievable. both ends have problems also out in colorado the senator is criticized for his analysis of what is going on with cancellations. can you eliminate as? >> there has always been a controversy of the reported numbers in the real numbers. those who are proponents of going forward with the mechanics of obamacare will constantly challenge the numbers as far as the cancellations with the argument will the same individuals off for a benefit if the insurance company cancels the policy? what they don't complete the sentence with is if that benefit was in fact, the darfur value

arrest the freefall, slashing short term interest rates to historic lows, shoring up troubled financialthrough multi-billion dollars bailout the. in december, 2008, with the economy contracting at an alarming rate, bernanke launched the most and you had days experiment in federal reserve history, a bond buying spree called quantitative easing, buying treasuries and mortgage backed securities from banks using newly created money. by the middle of 2009, the nation was crawling out of recession. in december, he was named time magazine's person of the year. >> more than $3 trillion worth of bond buying later, the economy is slowly but steadily growing, the housing market recovering and the fed winding down its unprecedented stimulus. q.e. has had unintended consequences. keeping interest rates low, record rallies in stocks have been fueled, worsening the divide between the nation's have and have notes. >> by is it estimates, the top 1% of americans captured 95% of income gain in the first two years of the recovery. >> it's a policy that really seems to be disproportionately benefiting wall

when the economy was in freefall, such improvement was far from certain, as indicated by stock prices that were nearly 60% low current levels. the spite this progress the recovery remains incomplete. the unemployment rate is still elevated. -- theber of an term number of long-term unemployed remains high. and other measures have improved less than the unemployment rate. labor force participation has continued to decline. this is evidence he cites a evidenced by a number of factors, including declines in the station. the boom and bust left severe imbalances that would take time to work off. research,n the economic activity following financial crises is usually anemic. weak recoveries from financial crises reflect, in part, the process of delivered to -- whileraging and repair. financial institutions repair addition tolios, in these factors it reflects the changes in commercial real estate. activity is esepcially tepid. beenught the fed has overly optomistic, we have at pessimistic.o this reflects declines in participation. intuitively, when answer limited, firms need more workers even

if we use your thought that might beaving it, we in more of a freefall than was happening -- then with having it, what do we do to persuade the countries that are not currently making the 2% in the absence of an overwhelming threat. think those of us who are making the mark can do to be persuasive to other countries? >> i try to avoid being provocative. >> provocative is a good thing. >> not in nordic countries. i think what is important is to applaud the success stories. in nato and european union, i hear the sayings that we have a prisoners dilemma. we try to balance during the crisis, wefinancial have to make cuts to defense. estonia has proven it is possible to do them both. hese are not contradiction ary aims. we have a balanced budget. we have the smallest national debt in the eu and we have been succeeded in -- succeeded to move against the ties of europe. when countries are doing cuts to defense spending, we are doing vice versa. we are creating more -- recruiting more men and women into the army, and buying more weaponry, etc.. we are not doing it for fun. this is our view of

this 16-year-old survives a 3500-foot spinning freefall after her parachute gets tangled and fails toirthday skydive went so wrong. her sister saying she was saved by the hand of god. ♪ this land is your land >>> and america's folk singer passes away overnight. the man who sang our c

the president's poll numbers have been in freefall since his re-election, especially with white votershe has a theory as to why. he said, quote, there are no doubt there are some folks who really dislike me because they don't like the idea of a black president. now th

heard someone say today dish watched the entire press conference -- that he was trying to stop the freefall, the view he was doomed and -- one newspaper in the local area said has to resign. all over the top. did he do that? did he arrest the fall? >> i think so. if there are any more shoes to drop, that's why. he laid it all out. so there won't by that drip, drip-drip. going to have a rough day or two but is doing the apology tour today. he is getting it all done. gorging -- >> going to fort lee. the sort of -- the odd thing is if you're going over the george washington bridge to get to new york out of number, you're not necessarily from fort lee so some folks were affected but if you were caught in the traffic, you were affected, but it does come back to how hands-on a leader he is if he didn't know this was going on. this is familiar rap against republicans and democrats when a scandal pops up. how legitimate is that and how much concern do donors have over that? >> it's hard to say how legitimate it is. it happens. he did take care of it. he is not defending this people or moving them i

the president's poll numbers have been in freefall since his re-election, especially with white voters. he has a theory as to why. he said, quote, there are no doubt there are some folks who really dislike me because they don't like the idea of a black president. now the flipside is there are some black folks and maybe some white folks who really like me and give me the benefit of the doubt precisely because i'm a black president. we're going to start with those remarks, and greg, yesterday, when the article came out, the first part of that quote got a lot of attention on twitter with people getting very frustrated that the president was bringing up race relations, but on balance, when i read it, i thought he was probably making a fairly fair point. >> i guess so. i think the question is, does this belief that he has translate into action or some kind of a punishment targeting specifically a group of people? and i don't think it does, because the great unifying force of president obama is that his failures know no pigment. he screwed all of us equally. >> there is that. eric, i was goi

person and we not concerned interest rates will get out of control or that the market will go into a freefallz: she is a longer-term investor, but you as a trader, give me a sense as to why the market last time around to the tapering is a very positive sign, yet today it is gyrating to the downside. >> a couple of things. i think there was a wish list perhaps contrary to what you just said when you introduced us, the fed maybe wouldn't have done anything in tapering in this go around. the fact they continue their policy, which doesn't surprise me. i think was in some way disappointing. but the bigger issue is the game has changed, the fed has changed the policy, they have gone a accommodative to be more restrictive which as far as i am concerned, that takes the fed off the table and the focus now becomes emerging markets, the euro zone, two steps forward, one step back u.s. economy all of which could be decent, but also runs a real risk the news would be disappointing and without the fed as the underlining bid for the market i think it becomes problematical for the market going forward whethe

the president's poll numbers have been in freefall since his re-election, especially with white votersy as to why. he said, quote, there are no doubt there are some folks who really dislike me because they don't like the idea of a black president. now the

temperatures across the country are in freefall. that brutal, arctic weather system spreading fast.bringing dangerous cold, heavy winds and blinding snow. >> i don't like it. >> reporter: whiteout conditions are shutting down roads. on the ones still open, pileup after pileup. >> this is crazy, man. >> reporter: this bus in kankak kankakee, illinois, slid right off the road. parts of the country brace for more snow. 3 to 6 inches in some places. other areas, close to a foot. indianapolis is on track to have its heaviest january snowfall total ever. the winter blast is reaching south, from texas to georgia to north carolina, crews are out in heavy force, trying to get ahead of the freeze. >> if you do get into a wreck, our response times are going to be slower because of the roadway conditions. >> reporter: cities along the gulf coast like new orleans are bracing for a quarter inch of snow, very rare. the big easty hasn't had measurable snow in five years. new york, new jersey, an all-out around the clock effort to get ready for this super bowl sunday. forecast for super bowl, mid-30

their currency is in freefall. the economy shrunk by six percent last year. more this year.will say that, the saudis will say that -- >> talking about congress, let's get your take on bob gates. he is the former defense secretary under george w. bush and president obama. he has an upcoming book. here's what he said. about president obama ordering more troops, he says he was shocked. he never heard of president frame a decision as a direct order. it is completely unnecessary. defense, i never issued an order or heard a commander do so. it demonstrated the unfamiliarity of obama and biden with american military culture. what do you think? >> i think he comes across as more of a republican than he had thought. he is certainly very frustrated and angry. he said that this stuff was too important to wait. he took criticism that he should've waited. hard to wait when you know that every dollar you could make is going down. your relevance is going down. people forget about you. you have to balance that. he is not getting younger. i like bill gates. he is a smart guy and has done gre

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when the economy was in freefall in late 2008 and early 2009, such improvement was far from certain, as indicated at the time by stock prices that were nearly 60% below credit levels and very wide credit spreads. despite this progress, the recovery clearly remains incomplete. at seven percent, the unemployment rate is still elevated. the number of long-term unemployed remains unusually high, and other measures of labor utilization have improved than the unemployment rate. labor force participation continues to decline, and although some of this reflects of it-term trends, some likely reflects potential discouragement about job prospects. in retrospect, many of the factors that held back the be identified. some of these factors were difficult or impossible to anticipate, such as the european sovereign debt crisis and the effects of natural disasters in japan and elsewhere. other factors were more predictable. we appreciated early on, although to a lesser extent than we might have, that the boom and bust cycles would take time -- that the boom and bust left severe imbalances that it wo

developed country's intro banks -- central banks to get into currencies if this turns into much of a freefallhelp the whole global economy. >> thank you for joining us. coming up, microsoft's ceo search may be over. who may be the number one man? in america we trust the adam explains in today's insight and action. w♪ >> in amerco we trust, time for insight and action. let me show you why i made that statement. here we have america, your have everything else. green versus red. the u.s. dollar up 1.5%, u.s. treasuries up 3.2%. you have made money by holding u.s. dollars in u.s. treasuries. as opposed to the msci world index, all of the world stock markets are down. trust.ica, we we have been talking about this for a good two months. now the question becomes, if it is been working, so far this year and for the past month, can it keep going? there is the dollar index, you can see it going back over a year, and we are starting to turn the corner here command there was very little he a president to get back to where we were. he corner here, and there is a precedent to get back to where we were. you

michael mckee says, in a freefall. down, let down. we have not found the bid premarket on best buy.take? look forcontinue to that this morning. the shot at best buy. >> disappointing earnings yesterday, csx after the bell, profit missed for the first time in two years. rail network stretches across 23 states east of the mississippi. how important is their intermodal network to future -- michaelle ward ward 20 is from there headquarters in jacksonville, florida. is anent wrong? this energy story, to a certain extent, as i understand it. you are on the losing end when we do more fracking. good morning. i guess i would view the quarter a little differently than you just proposed. we did miss by a penny. that was a conscious choice on our part. we resourced up during the quarter as we're seeing very strong buys. pretty early onset of winter. last year we made about $.44 a share in this year we made $.42. blasters quarter, we had about six cents of real estate dana did not repeat this year. by consideration, we grew about shown eps and had very volume growth. >> but you do have a problem

lost a $5 million verdict in florida. 12 years ago, that would have sent the investment world into freefallthe issue of tobacco. somethingmains because taxes are so high that the ability for the companies to raise prices a little but is not quite the damaging to the business. there is a balance that has been struck. >> we are sitting up here and i remember over 14 years ago, the big legal settlement came down and that we thought the tobacco industry was finished. but it's not. how many of us are still smoking? >> i have worked with anchors that smoke on their desk. >> smoke or drink under the desk? >> that's for later. it's interesting to watch the tides in this industry. you have been investor for a long time and you still see value? >> yes, it's a lighter position and has come down a bit. other companies have advanced and there is still a compromise that is struck but it is still a more dangerous world for tobacco companies. it a more dangerous world in china and iran? markets haveur grown three percent over 14 years. that is a large number. that is volume. then there is the pricing on to

say it again, the economy is growing even after or maybe because of government spending is in a freefalltwo news items out of washington for you this morning. first, president obama pushes for the two largest trade deals in u.s. history while a major roadblock, those obstructionists following president obama's state of the union address, this comes from senate majority leader harry reid saying he will not bring legislation to the floor that will give the president greater trading power. and remember, prime minister has been blaming republicans for being the party of no and now even democrats are making it more difficult for the white house again. next, the white house passed a farm bill with low cuts to food stamps. tuting from an 80 billion dollar a year program. that's 1%. the house originally sought out a 5% cut and now heads to the senate. if it's passed the president is expected to sign it into law. overseas earnings and less from the feds sent investors fleeing to the sidelines. a triple digit loss. futures this morning though higher in part to two big tech stories we have for you.

is the economy in freefall? >> well, we still believe that the economy is in recession but i agree growth is slow and that raises concern for the government, for the business community. the government is trying to resolve this issue in two ways, one is to spend half of the national wealth fund on infrastructure, making more government investment and increasing projects. on the other hand trying to improve the climate. the government is not ready to spend more from the budget, the government is very much committed to a strict budget discipline. >> how do you improve the investment climate in russia with a year's history about investors getting involved? >> i think the government is right in sticking to specific ways. they have a long list so-called road map and i think it's moving in the direction. i think we set quite ambitious target moving on the chart climates of the world. things are changing maybe not as fast as we'd like to but i think it's becoming good. >> you talked about development. talk to me about t