do you see a direct arc from from hobbes and leviathan to. adman burke and his famous debates with thomas thomas paine which so provoked pain that he he wrote the rights of man and just as rebuttal to burke and from there to russell kirk nine hundred fifty three the conservative mind which was the animating force for barry goldwater and william f. buckley is the is that a continuous arc and if so is it is there still some purity left to it or is it been completely distorted in the last three or four decades. well i think hobbes is a really complicated figure the continuous thing is that he faced this extraordinarily mass mobilization from below commoners who wanted to transform the british monarchy to abolish it and to create a republic and why hobbes is so important is this he's really the first person to understand that if you're going to construct a defense of hierarchy a defense of authority a defense of power in the face of that kind of movement you can't simply state the traditional arguments he understood that the reason the good that

to mark received and it started out with thomas hobbes back in sixteen fifty one he wrote a book called leviathan and leviathan and it contains the seeds of both today's modern conservative and modern liberal movements you can trace both of the roots to this book and there are two central arguments the conservative argument is that people can't govern themselves because they're essentially evil and dysfunctional and therefore they need strong leaders and the liberal argument that hobbes also made was that people can govern themselves it's a very interesting debate that happened back at that time know why can't people govern themselves one of the reasons that's been proposed for a long long time is that even eight that damn apple she screwed up everybody born has is born with the original sin. and so the question is what is the natural state of humankind you know whether you take the the religious story or not havs thought that the natural state of humankind was the same thing that he thought he saw nature animals ate each other he said if we did not have the iron fist of church or state

along and in sixteen eighty nine john locke suggested that the state of nature might not be what hobbes described it might be different than other animals why because we have reason the ability to reason is what separates us from kwan fang now actually modern sure so is that of the whole kwan fang thing and all that true that that there is democracy in nature but nonetheless this is the evolution of democracy and what and what john locke wrote in his state of nature was man living according to reason without a common superior off on earth to judge between them and that is properly the uniquely human state of nature right now there is reason that idea of locks was taken by reese so voltaire and and turned into the enlightenment a truly revolutionary period of time the end and this was when we saw the real clear definition of liberal and conservative the british were the conservatives the kingdom the liberals were the revolutionaries here in the united states and oddly enough you had a. americans who fundamentally were conservatives alexander hamilton john adams and you had americans who

i'm going to talk to roy hobbs live. does your makeup do that?y of whitney houston. that inspired him to share his story. martin savidge has more. >> reporter: when roy hobbs heard about whitney houston, the news sounded familiar. did you see parallels between your own life and her life? >> oh, yeah. >> reporter: you see, for years, hobbs was the news. the television anchor man. but off camera he struggled with marriage problems and depression. >> so i tried crack cocaine. >> reporter: that was your drug of choice? >> that was my drug of choice. >> reporter: so when did it all come crashing down? >> it all came crashing down here in birmingham. >> reporter: his bust in 2010 was big news. he lost his job, his home, and went broke. but eventually got into a recovery program. houston, he says, her death is a tragedy but is a chance for a nation to finally openly talk about addiction. >> you know, it doesn't have to end this way. it can end but we as a nation can look at it differently. we can't look at it as being a problem of will power. we have to

your paraphrase thomas hobbes nasty brutish and short. crazy alert that's one cool cat in what will soon be the latest viral video sensation on the web a cat has honed it skills in a particular shell shuffle gambling game when its owner shuffled the shells three times the cat correctly guessed where the hidden object was two of the three times and if you watch the concentration with which this cat is watching the scrambled shells you might think it's more than just luck take a look. at this. thank you thank you thank you. thank you thank you thank you thank you thank you. thank you. thank you thank you thank you thank you thank you. thank you thank you thank you thank you. thank you. thank you animals have been used half heartedly in games of luck you may remember paul the octopus who correctly guessed the winner of every match that the german soccer team played in the two thousand and ten world cup all i know is this cat was better at the shell shuffle the most human beings which makes me wonder what are the games of luck have previous r

i don't know anything more about comics ben -- than "cathy" or "calvin and hobbes." i finally had to admit i had never seen an episode of "star trek." i am so sorry. i never know if my thumb is supposed to be in and -- in or out when i do the hand signal. i do not know what it means. i apologize to all of you. tonight, i have the privilege of speaking at the tech awards. regarding technology, my knowledge is limited to a few facts. i know the character i play on tv uses a pc. i use a mac at home. the only difference to me is i think the mac is prettier. i just joined facebook in the past year. i have for the friends. [laughter] -- 40 friends. i joined twitter around the same time. i have no followers. i changed pseudonyms a dozen times. i sent messages to politicians and athletes to congratulate them on living after loss. despite all of this, i am here with you, the most tech-savvy people of all. i am grateful. i will not understand most of what you talk about, but i will listen carefully, and may be able to parrot back a phrase or two. i have very good memory. the p

day for a dad, who was abbe tt save his little boy from a viccous mountain lion attack in attack.the hobbsgot his pocket knife out and stabbed the cat in the ccest until it let go.the little boy is going to be just fine.but the family is upset thht the looge where they were staying didn't do that the mountainnlion was le - still at large. bad day for guys, great day for women.u.s. residents will shell out about 17.6 billion dollarssfor valentines day. the average person plaas to spend about 126 dollars.i'm just guessing that men spend the most. balttmore... could transform .../ into.. .a... winter wonderland. at least a few inches of snow on the way. way. let's go to chief meteorologist vytas reid to see where it's going to hit 3nd how bad it cooll become. 3 "how we are born and who we chooss o love should not be a this country. a major victory for gay rights. why gay marriage will soon have a shot at legalization for every state in the uniin. crashing the party at the country cluu. how ttis man wound uu swimming in a water hazard at a major golf pournament. is it really the end? we'lllsho

simon hobbs has the details. >> phenomenal rally as bob highlighted, maria, gain of around 80 points from the lows of the session right back up to the fatlat line on the dow, because this character samaras will probably be the next prime minister after the next election, and last wednesday it was one of the two extra conditions that the rest of europe put on the greeks, that this guy and the other main political leaders today at the meeting that you see there, in athens with the greek prime minister should agree they would maintain austerity after the april election. it was absolutely key for the french and dutch and germans who are getting increasingly impatient with greece and rancor rising between them. the other key condition they detail further 320 million euros, we are not sure they did that today. in essence adds life to tomorrow's meeting. we think there will be a conference call between the euro zone leaders, though the physical meeting was cancelled, presumably get some sort of conditional yes to going ahead with the greek bail out process. probably will have a full meeting

not that hobbs. thomas hobbs. now, here's how hobbs saw it. people like to be safe and to know that their stuff is safe. but without the rules and protections of the state, people may have boundless freedom but their lives would be, as he put it, solitary, poor, nasty, brutish, and short. so, for the sake of self-preservation, we have given the state a tidy monopoly on the legitimate uses of violence, force and coercion. key word? "legitimate." if i kill the guy next goor dao, it's murder. if the state does it, it's adeath penalty. if i insert a probe where you don't want it, it's rape. if the state does it, well, you get the idea. giving legitimacy to the state isn't necessarily a bad thing. the state, let's not forget, is the organizing principal of modern civilization. but we must -- and here's where i agree with the tea party -- coff constantly question the power, making sure the government is using its monopoly on discipline and punishment legitimately. with me to discuss the balance of powers, matt welch, editor and chief of "reason" mag

it happened sunday just outside a south texas vacation lodge where six-year-old rivers hobbs and his staying. the cougar pounced and the boy's father describes what happened next. >> so the cat was clamped on his face, reached down and got my pocket knife out and stabbed the cat in the chest. it let go at that point. >> that quick action saved rivers' life. he suffered nasty bite marks on his face. but he's going to recover. asked if it hurt, the boy just said no, not that bad. he's a trooper. coming up after your local news on "cbs this morning," a three-time nascar champ, darryl waltrip on his new book. i'm betty nguyen. waltrip on his new book. i'm betty nguyen. ♪ so, look at the orange. now close your eyes. ♪ alakazaam! you're good. and now i'm going to make this flower bloom. presto. "love you lots." do you want to see it again? yes, i want to see it again! [ female announcer ] hallmark blooming expressions delivers your love again and again. >>> four minutes before 5:00 on a wednesday morning. you are waking up to clouds but not a bad day start. marty is over in the first warni

let's bring in simon hobbs. what are you watching?ope is the way in which we were set up for a great day, from asia, from emerging markets, with the aftermath of the bank of japan, to have a great day in europe. but ultimately the party has been spoiled, partly by the opening we've had here, more importantly the news coming out from brussels. just wrapping up wednesday's session. the european markets are closing now. >> there is still green on the screens as you can see for much of europe. something like spain dipping into negative territory. as i said earlier, we were set up better than that at the beginning of the session. let's look at the three major indices you'll see how london, frankfurt and paris were doing great guns and at that stage it was quite a broad-based rally. what happened was, we just took the edge off that. and weren't very dramatic moves, some of the banks notably that had done well, cut their gains. the governing of the bank of china was suggesting overnight that perhaps china could help directly in the crisis. y

simon hobbs is here. >>> shares of gilead getting smacked this morning. a drug may not be as effective as expected. >>> apple staging a comeback yesterday. poised to rise once again in today's session. technical take on that stock as well as microsoft, which closed at 4.5-year highs in yesterday's session. >> that's right. >>> first, the dow 13,000 watch is on. we're less than 100 points from the magic number as melissa just said. if we can pass that mark, it will be the first time since may of 2008. let's bring in richard burnstein who joins us this morning from 30 rock. let's talk about why at this point bears are nervous about being too short but bulls are nervous about being too long. >> that's actually probably good, carl, the way you describe it there. bull markets usually end with euphoria. although i think there's clearly some more enthusiasm towards the stock market, it's hard to say that investors are euphoric about -- let's put it this way. about u.s. stocks. maybe about some areas around the world. certainly for u.s. stocks it's hard to claim

let's bring simon hobbs in. a lot of the jobs out of europe, do we have a deal? will we have a deal? what's going on there to cause a sell-off we're seeing right now? >> we simply don't know. most people in the market started the week in the belief that after all the turmoil on sunday we would have some sort of resolution by tonight. that clearly hasn't come through. we've got the statement from the eurozone. and they've left the entire thing open. meanwhile, the wires have been briefing ferociously that they are talking about not doing the 130 bailout for greece. and delay it possibly until after the april election. in the meantime, there's talk of bridging loans, or stealing a little bit of money from here to make the march 20th deadline. there is no announcement of the public sector. quite simply, they don't know if the public sector will sign up, if they haven't gone through that bigger issue. there are a huge number of questions that are open. and it is -- it really raises a lot of concerns for a lot of people in the market. >> well, it could be as simple as

we bring in kayla and simon hobbs, both standing by at global headquarters. simon, wait a minute, we were hours away from a greek restructuring deal. now we are days away from a restructuring deal. what a surprise. >> that's true. what i wanted to draw everybody's attention to is the strong performance we're getting partly as a result of that entrance on germany. the german index, the bulk of the german index is up 12% so far this year. on the manufacturing data in the united states and china and germany, the likes of commerce bank, bmw, daimler chrysler, all doing extremely well. last night we've got reported details on the fine print of that private sector deal in greece. i would say there are two things we need to watch out for, bill, in the wake of the headlines that you're quoting there. the first is the degree to which the ecb will reflect the haircuts that it took on the greek debt that was launched, with it, collateral for the sake of the greek government. the more important thing i think from a market stability standpoint is to listen to what the fin

. >> thank you so much, simon hobbs at headquarters. now we turn to the man in charge of turning italy around, prime minister mario monti. thank you for joining us today. >> pleasure. >> let me start with your meeting with president obama. what was your goal, and did you achieve it? >> yes. the goal was to explain to the president what italy's doing in terms of budgetary discipline, but also in terms of preparing the conditions for growth. and also what italy is doing at the table of the european union to achieve more growth and a safer governance of the eurozone. and the president was very interested and very, very supportive. >> do you feel the united states will be there in terms of support for italy, as you continue this very challenging job? >> i definitely have this impression. and support does not mean financial resources, because we don't need them. but political support, and also support on the part of the u.s. to -- well, to put the global economy through the u.s. economy in a better position. >> mr. prime minister, let me tur

bob pisani, simon hobbs, mark harris, thanks so much for joining us. >>> the outlook for commercial real estate. larry silverstein will tell us in an exclusive whether he's having trouble finding tenants to the world trade center site. he's up next. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. our machines help identify early stages of cancer and it's something that we're extremely proud of. you see someone who is saved because of this technology, you know that the things that you do in your life, matter. if i did have an opportunity to meet a cancer survivor, i'm sure i could take something positive away from that. [ jocelyn ] my name is jocelyn, and i'm a cancer survivor. [ mimi ] i had cancer. i h

, we have our real estate reporter diana olick in washington following that story for us and simon hobbs is back at headquarters tracking everything greek in the markets and simon, i am told now that the eu officials really, really, really mean it this time when they say the greeks had better get their act together, yes? >> is there a lot of exasperation, i think it is really very clear. everybody is exasperated by the damn story, but if you look, for example, what is coming out of angela merkel today, she met the french president nicolas sarkozy in france, she was quite clear, time is running out, couldn't understand why they didn't have the delay and indeed, they were even suggesting now perhaps the greeks should put the money they would have to repay their debts into some sort of he is xroerk the degree which they don't trust them. we did think, since we have got this on the screen, tell you, we have got in the five hours of talks between the three parties on the ground in greece they moved toward each of those items that you three is and if we look at how some of the banks have perfo

as simon hobbs, i don't know if you were able to hear his report earlier, pointed out that there was a lot of selling just around the 10:00, 11:00 hour and the question is whether or not people are really moving away from the risk trade. whether they've seen too much of a move in stocks. or do we go higher from here? what do you think? >> well, i think, sue, what we have is that we just have a situation where the extremely strong earnings motor that's been driving this market is probably back in neutral temporarily. i mean, we had earnings growth that was 15% in the fourth quarter. significant move in the market in the fourth quarter. and now we're up 9% this year so far. and we've had a full p/e multiple expansion from 12 to 13. so we're asking a lot from this market going at this sprint, you know, to not just take a breather for a period of time. so i think what we're going to see is that the earnings momentum in the flow from now to the end of the year is good. we're on about a 10% run rate. i think we still have further to go. probably another 3% to 4% from where we are now to ye

. >> i'm simon hobbs with sue herera. "power lunch" begins right now. so jobless claims down, productivity higher. but calling the fed chairman rich into the deficit but still the markets are broadly steady. this is where we stand at the moment. the dow flat on the session overall. the s&p flat on the session overall. and the nasdaq up just very slightly. but bear in mind where we've been so far this year. that's a 9% gain. that's over a 5% gain. and hanging on in there. the pulse of the markets right now this thursday lunchtime, well, oil is down on strong inventory numbers. natural gas trying to recoup those recent losses. and silver actually hitting a high for the year. our midday movers here on "power lunch" gap up sharply today. up 9%. the retailer projecting q-4 earnings that are ahead of estimates. losses meanwhile at electronic arts are narrowing. the stock higher. battlefield 3 selling extremely well. and green mountain coffee roasters surging. q-1 profits up big though it has to be said that cnbc's herb greenberg is still not convinced. more o

i'm sue herera with simon hobbs and "power lunch" begins right now. >>> risk on, risk off, greece on, greece off. markets yawn at the greek debt deal. did investors buy in the rumors and sell on news? could be. here's how the major averages stand right now. we're green across the board. second day in a row. the dow higher still a ways off 13,000. take a pulse of the markets. the euro back near a two-month high here 1329 around that point most of the day. our 10-year nicely higher at the highs of the day 2.07. and a mixture of greece and iran have oil ticking higher. you're still below that $100 a barrel mark. our midday movers, al ka may big mover today. rising 14%. lor lard higher. "power lunch" highlighted that stock yesterday. and data storage company teradata up share price up more than 10.5%. there's a downside too. diamond foods way down. an accounting firm turned up improper payments. this puts their pringles deal in doubt. trick advisor getting crushed more than 16% after fourth quarter earnings came in light. outlook weaker than expected. and groupon sinking down more than 13

. >>> i'm sue herera with simon hobbs and brian shactman. "power lunch" begins right now. ♪ can't buy me love >> yes, greeting valentine's day with a little bit of red here. retail sales weaker than expected. no earnings to push stocks in either direction. here's where we stand right now. the dow down about 54 points. s&p 500 good for down .5%. same with the nasdaq. pulse of the markets, natural gas getting a pop here. would be characterized as a technical move, up 4.25%. the yield on the ten-year, the price is up but the yield is down. we are well below 2%. check out the dollar right here. the dollar index up .75%. midday movers, rackspace up big after reporting an 85% increase in fourth-quarter quarters. hospira up. and sales better than expected, 6.5%. michael kors, 23% to the upside. q3 earnings up 47%. on the downside, disappointing q4 results from goodyear tire. masa masco down. and host hotels is down 4% on the nose, guidance missed estimates. get a little more detail on the marketplace. mr. pisani at the nyse. >> hello, brian. the eu

i'm simon hobbs with tyler mathisen and sue herera.he super friday edition of "power lunch" begins right now. the jobs number points to growth, the sharp jump in ism services sector report confirms growth. and the bulls certainly like what they see. the dow up 1.2%. the s&p tracking higher. don't forget here we've broken 1332, the index has now doubled from the 666 market low at the height of the crisis. and over here the nasdaq is having a very good 2012. thank you very much. taking the pulse of the markets. backing off after the jobs report. flat on the session overall. bonds have been fascinating with the selloff. a big jump in yield on the 10-year. and check out where we are on the vix. just above 17. the fear factor fading. our midday movers this friday afternoon, genworth way up. a gain there of 13.5%. profits gilead sciences missed expectations but upbeat results of hep c drug lifting outlook. and urban outfitters up 6% on an upgrade. they also named incidentally a new ceo. bucking the trend as we head into the weekend, the supe

. >> speaking of million dollar babies, i'm simon hobbs with sue herera. "power lunch" begins right now. >> risk in greece very much in front demand today triggering turmoil in athens and fears they may not get the bailout cash it needs in march. that raises the possibility of a default. and that's where we stand in the united states. the nasdaq down .5%. the s&p 500 is down a similar amount. we have cut our losses, but it's still a triple digit fall for the dow. taking a pulse of the markets as we head over into the weekend. the fear gauge, the vix, is sharply higher as you can see. both copper and oil are lower. here you see copper down. we've also got crude down $1.40. that's on greece. but also concerns about the strength of chinese demand coming through before the beginning of our session here. midday movers this friday, nuance communications, they make speech recognition software. results missed earnings and you can see it's down 12%. insurer xl group paying the price for a surprise q-4 loss. and citi says the rally in solar stock s is done. so first

>> i'm sue herera with simon hobbs and of course brian shactman. and "power lunch" begins right now. >> little bit of risk-on. little bit of greece off. markets relieved but not convinced of greece getting resolved. up 63 in the dow. just a few minutes ago it was up 50. so we improved in just the last three to four minutes. nasdaq .75%. the pulse of the markets, look at oil higher on that risk appetite returning and holding above $100 a barrel. gas creeping higher on supply worries. and we're keeping a careful eye on the euro right now. 1.32 almost even. midday movers, lowered estimates and raised forecast for the eye drug it has; that stock up 13.25%. priceline hitting another all-time high. unbelievable that share price of $568.52. on the downside first solar sinking after a downgrade. that stock down 5.5%. monster worldwide down 4.5% after citi downgraded it citing competitive pressures from linkedin and career builder. let's get more details, mary thompson. hey there. >> hi, brian. the weakest having no impact on the markets. the dow actually t

simon hobbs here to bring it all to us. we've got german investor sentiment, moody's downgrades. interesting since we came on air that the markets in europe turned into negative territory and that's basically been led by the banks which weren't showing big moves earlier. look at where we are in paris at the moment and you'll see some of those big investors around peripheral europe have been hit. that's also true of, for example, rbs and lloyds in london, deutsche bank is also down over in frankfurt. so there you go. you can see those, as well. what is interesting, we had, of course, you had carl mentions downgrades, one notch from moody's on italy, two notches on spain. that has been overwritten by relatively successful auctions today. so we haven't seen any great upward fresh pressure on the yields. there is an issue with spain. the other one i want to show you is the uk, that it has been moved to negative watch by moody's. particularly as the tax receipts there are actually quite buoyant. and are also believe they might be able to -- >> european markets are closing now. >> in o

. ♪ >>> simon hobbs down on the floor getting us a morning edition of the 10. >> good morning.0% so far this year. it stalled a bis recently. but in the next hour, we'll ask if bullion is a better bet than the market, stocks, of course, except for apple. up 23% this year. as apple hits $500 a stock or a share, we'll be asking how much further it has to run. plus the ceo of fisker will be with us, an automotive business with trouble under the hood. and, of course, lots more squawky the dog. >> oh, yes, squawky the dog. see you in a couple of minutes. >>> we have to hit "six in 60." goldman sachs upgrades noble corp to a buy from neutral, increased to $46. >> the field off of israel is gigantic. it's noble's. >> deckers reduced at piper. citing an increase in product costs. >> the weather wasn't cold enough for deckers, period, end of story. >> advanced micro upgraded from market perform at bernstein. better second half demand affected by the thai floods. >> people want to be in laggards of tech. they want to recommend them. >> netapp downgraded hold. >> reports this week. i'm co

. >>> let's go to simon hobbs for a look alternate what's up next. >> it is a big hour.d el-erian will have frank advice on where to invest now, and how dell is getting hammered, and is hewlett-packard a better play? and we'll talk about the business of golf, melissa with pga tour commissioner tim finch finchem. finches sounds like fun. we start can nokia. >> nokia, yahoo! r.i.m. >> medtronic, downgraded to neutral from buy. >> surprising defib and spine products not selling well. >> mosaic getting an upgrade. the firm raising the price target to 73. >> goldman did it yesterday. johnny come lately. >> herbal life posting dividends. >> michael johnson is on tonight. compare it to avon, please. >> this is all about mall ware, you can't get enough of this stuff. >> and range resources also a nice pop. a lot of takeover talk. >> that's what it's all about. >> mistake. >>> for more on these stocks go to sots.cnbc.com for more information. >> can i say my twitter has lit up because people accuse me of saying you don't understand google. look, it's unbelievable technology, grea

. >>> simon hobbs is down on the floor with a look at what's coming up in the next hour of "squawk ont." >> good morning, david. we've got a big interview coming up. we're going to talk to the german whose resignation from the ecb rocked wall street recently. jurgen stark. find out what he's saying now about the european crisis and those germans. >>> plus, we'll meet two apple fans who are remembering steve jobs today in a pretty unique way on what would have been the tech titan's 57th birthday. and david faber will be taking a special look at prime real estate in michigan. so a chance to take a sneak look in other people's homes led by david faber. back to you guys. >> yes. going to be a very special faber report. >> all these homes have names. you know when you've got a name for your home, it's pretty big. >> or an article. when an article proceeds the name of the home that means it's a very important property. an extension of the -- m & a. this is sort of an m & a. real estate's m & a when you purchase a home. >> negotiation. bid and ask. very simple. >> two-way market. >>> time fo

. >> david faber back at hq, simon hobbs on the floor of the nyse. simon, incremental progress, a game-changer? how would you describe it? >> we have to wait to see what we get from the statement with great interest when that comes through. interesting he said they had a deal with all the major parties. my concern here would be you nailed it at the top of the show, it's an agreement between politicians that they take back toward the people and there may be discussion in that. there might be a switch from the pension demand, for example, that they cut the pensions to perhaps cutting spending, which is interesting in itself. maybe we can come back to that in a moment, carl. >> yeah, jim, as melissa and i were talking before the show, they're out of the huddle, but now at the line of scrimmage, is that how it works? >> yes, but i want to point out that last week, last thursday, he sent a note to the prime minister of greece saying, look, let's be realistic about what's happening. new uncontrollable dimension from these austerity measures. homelessness,

simon hobbs here to talk about what happened and explain why we're obsessed with the letters ltro. >>on them on the network. what i think is really interesting, as we come into the european close, the power of the fed and the power of ben bernanke. you know, the world is watching what you see on capitol hill. let me show you where we are on the bond market. we have to mention of course this huge dump of liquidity that will come through tomorrow. in excess of $710 billion deposited into the bank accounts of 800 banks around europe, equal to 5%, 6% of the annual output of the eurozone economy. that's why you can see they're making way for that on the bond markets. yields falling today. we'll see what happens tomorrow when the cash is increasingly around for them to use. take a look where we are on the equity markets coming into the closing. this is what i mean about the power of bernanke. this is how we've traded today, as you can see. this is when the announcement came out what the ecb was doing. this is the effect, though, on european equity markets ben bernanke not mentioning further

. >> i want to talk to peteber oil but simon hobbs and i have been e-mailing and doing calculations.but this is significant. >> i know, but i like that you and simon are -- >> right, so additional qe in the united states is a percentage of nominal gdp, 13%, additional qe in england's nominal gdp, 23%. bernanke is right then the fed is one of the tighter of the industrialized central bank so that speaks to boris' idea a long-term positive for the u.s. dollar. peter, i want to ask you an environmentalist type question. is it possible the hybrids out there, the high price of gasoline, all of that is what's behind the lower consumption here in the states or do you think it's a gdp thing, where ultimately it's because of weak economic growth? >> i think it's probably a combination of both, because we have not seen gasoline demand, you know, every year, you and i have spoken about this before. >> forever. >> gasoline demand up 1.5%, 2%. bank on it. we're down 7.3%. i have not seen a figure like this since -- >> hang on, we're still doing 2.8% gdp in the fourth quarter, still going to do 2%

let's check in with simon hobbs, see what's coming up in the next hour of "squawk on the street." >>ng to be rolling the dice on ceasars. the opening trade. instant analyst of the casino operator's ipo. we're going to look at strength in the market coming from fast casual restaurants. speaking of fast and casual, we will explore the business world of bacon milkshakes, guys. yum! >> did you say bacon milkshakes? >> bacon milkshakes. >> better take that with lipitor. >> i think they put it in there, actually. the lipitor comes along with it, yeah. generic version, of course. >> all right. keep the costs down there. time for 6 in 60. six stocks, 60 seconds. owens corning downgraded from a neutral to buy. >> i don't like this call. there were a lot of storms this quarter. owens corning can tell a pretty good story about housing. >> yum brands. >> if you had a sell on this whole way, just get big, go home. >> harley davidson announcing a 24% dividend increase. >> such a better balance sheet than they used to have. harley davidson sales are amazing. >> bhp billiton a rare fall in earnings.

listen to river hobbs and his dad jason reliving how it all unfolded. >> it sneaked up on me. >> the reached doup and got my pocket knife out and stabbed the cat in the chest and it let go at that point. >> several trails in big ben national park have been closed now. dog teams have been called in to search for the wounded cat. no luck yet, but that's one lucky little boy. >> oh, my god. that's like father of the year. wow! i love those stories. i really love those stories. a pocket knife? >> that's awesome. >> that is awesome. that is very texan for you. >> you can't get any manlier than that. >> that is so, so true. christine, thank you. >>> i want to play for you jimmy fallen last night, michelle obama, starring role. here it is. >> we're going to start with a stair race. you ready to do this? >> i was born ready. ♪ took my time, took my chances ♪ ♪ went the distance, now i'm back on me feet, just a man -- >> so michelle obama, look at this, and her secret service. she's been doing her move on advertisements, if you will. let's move on. let's move, rather, which is trying to get k

rivers hobbs and his father jason reliving how this all went down. >> it sneaked up on me. >> the cat was clamped on his face, reached down and got my pocketknife out and stabbed the cat in the chest, and it let go at that point. >> oh, my goodness. that's a hero dad. several trails in big bend national park have been closed, and dog teams have been called in to search for the wounded cat. they say no luck so far, but they're going to stay on top of that. oh, my gosh, that little boy. >> can you imagine that parent? >> good he's alive. >> it turned out far better than it could have, that's for sure. >>> this morning a whole lot more fallout from that susan g. komen's foundation short-lived break with planned parent hood. the senior vice president is stepping down, karen handel. a lot of people thought she was the orchestrator of pulling the funding from planned parenthood. she was speaking out about all of this yesterday. she was asked how much she had to do with this decision, and her opposition to abortion. here's her answer. have a look. >> absolutely none. i'm a professional, and