they say volatility is a good thing for long-term investors barry glassman president of services and founder and ceo of financial fountains. welcome to both of you. let's begin with you. you maintained a little volatility or a little more volatility is a good thing because it reminds us that investments come with risks. to me, that feels a little bit like sg putting your hand in a fireplace is a good thing because it reminds you that fire is hot. >> well i wouldn't go to that extreme. the big question is why do we have volatility today? now, dominic brought up great points as far as the plunging oil and uncertainty as far as greece but we've had those kind of moves before. what i tell my clients is this. when my kids have been bowling, they've had these bumpers controlling from the ball going gutters and what we as investors have had are these bumpers that are controlling the wild swings within certain markets. we've had opec keeping oil prices somewhat stable. we've had the federal reserve buying bonds more and more keeping interest rates low and we've had countries keeping currenci

at west point, and i had gone down there, and it was the last -- first glassman -- classman at west point, and i had gone down there, and it was the last thing is going to do before becoming a rhodes scholar, and this girl said our you from arkansas, and i said yes, and she said there is somebody here from arkansas, and he is bill clinton. and i sit idle think he is from arkansas, and she said he is from arkansas because he talks about watermelons and stuff like this. [laughter] you are in high school and things like that and you know people who are good enough to get to a school like georgetown so an hour later this young guy comes up to me and he is escorted by a young lady on each arm and he says, i am bill clinton, i am from hope, arkansas, and we talked for about an hour, and i was incredibly impressed. afterwards we talked again, and he said, what are you going to do? and i said i would trail for roads -- try out for rhodes, and then if that does not work i'm going to go to vietnam. and he said i would to try out for rhodes too. he was in hot springs and i was in little rock,

forensic anthropologist david glassman was there. >> when we hit the first bone, it was kind of interesting in this case because the bones was very large. >> after 21 hours of excavation, three adult bodies were uncovered. in each case, the legs had been cut off, possibly to make it easier to transport the bodies. >> there had been some effort to burn the remains. not to the point of cremation but in order to destroy maybe the clothing or any other dna evidence that might be there. >> as the remains were unearthed, shining in the afternoon sun was the metal plate of an artificial hip. medical records revealed that madalyn o'hair had undergone hip replacement surgery several years before her disappearance. the serial number of the hip in madalyn's medical file matched the number on the hip in the grave. forensic odontologists compared the o'hairs' dental records to the skulls in the grave and confirmed that these were the remains of madalyn, her son, jon, and granddaughter, robin. >> for jon murray there were small fractures that occurred to the skull, itself, indicating some blunt trauma ha

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bill gross and jim glassman joining us at 8:30 friday morning. we need to go to john farrow in london and this of course on the chinese news. it simply looks like a race to the bottom. is that what this is? >> and feels like that, but what i would say there is concern, not so much panic. when you see the reserve rate requirement, the amount of reserves the banks have to hold and it stands at 19.5%, i would caution against using the word panic and "race to the bottom." the rate cut back in november, that was about cutting the benchmark rate and changing the price of credit. that was probably more significant than the one you are seeing today. no doubt there is some concern about a slowdown, and when you look at the big picture, 12 nations, easing monetary policy in january -- >> there it is. john farrow, thank you very much. just a quick moment with john as we saw the australian dollar spike up and come back off that news. >> it really is a race to the bottom. this is what currency wars look like. 13 central banks have eased since the start of the

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alan krueger, bill gross, jim glassman and jeffrey rosenberg will join us.e talk about jobs day and how it folds into your financial repression. stay with us worldwide and across america, this is bloomberg "surveillance." good morning. ♪ tom: good morning. this jobs day, i've got alan krueger joining us in our next hour. a morning must-read on europe. brendan: josh rogen gets a lot of leaks on national security. he got a document that was distributed to congress that points out and a lot of what we promised to ukraine has not arrived. he writes -- "shortfalls are undermining the credibility of new pledges." just to give you a sense of the nonlethal aid that has not arrived. a water purification system, medical supplies, sleeping bags and 100 humvees and armored ambulances. tom: this goes back to the marshall plan and the miracle we delivered what we said we would deliver. brendan: the airlift in berlin. the american with capability is unparalleled. why it's hard to believe this is not happening. olivia: this is creating a trust deficit between the ukrainians

you don't want to carry around a backpack in the holy land adam glassman. >> whatever. >> anyway.enna bush haguer. >> big show. >>> if you watch "the voice" last night anthony riley made one instant impression. only happens every now and then on the show, take a look. >> okay. >> who just came out there? >> i want to know. ♪ ♪ i feel good, i knew that i would now ♪ ♪ i feel good i knew that i would now ♪ >> shake it, baby. ♪ so good, so good, i got you ♪ ♪ oh, i feel nice ♪ >> okay, yeah. >> what is it. >> that is talent hoda. >> what is it on note one everybody knows? >> it's attitude. it's the quality of your the texture of your voice. >> yeah. >> and it's electric. it's excitement. >> yeah. >> you can feel it. >> boom, boom, boom. >> he chose pharrell. >> yeah. >> tanya boyd cannon sang, "happy." it's a toughy. when they're right in front of them. ♪ i don't recollect by the way ♪ ♪ because i'm happy, clap along if you feel like a room without a roof ♪ ♪ because i'm happy, clap along if you feel like happiness is the truth ♪ ♪ >> come on. >> let the games begin. ha-ha. >> you ha

joining me is james glassman who served as undersecretary of state for public affairs in the george wg fellow at the american enter surpriseprise institute. let me get you to weigh in on this question because i've heard it so many times this week the president not saying specifically islamic terrorism, islamic extremism, is he somehow showing that he's blind to the threat or unwilling to acknowledge the threat, do you think there's anything to that criticism? >> not very much. i mean you know one of my former state department colleagues said this is all groundhog day. i mean, we went through this in the bush administration. we had this debate many years ago. and we came down on the side of using the term "countering violent extremism," cve. i certainly understand what some people -- the objection of some people to what president obama is saying. but i think the most important thing is a level of understanding. we're not fighting islam, as president bush said, as president obama said. what we are fighting is an ideology that's based on certain precepts and certain interpretations of is