the dow is up 77, and nasdaq is up about 26. >> we will talk about apple, the stock, you know, it's up 150% over the last two years, have the stocks come too far too fast, or is it a bargain? >> and trade the close, we will break down whether the big rally in tech is showing any sign office a slow down. >> we will talk with acting omb director jeffrey zients and talk to him about how the stra administration plans to cut the deficit. >> there are stocks that out performed apple. yes there are some. on the list, motorola mobility and google. [ male announcer ] the draw of the past is a powerful thing. but we couldn't simply repeat history. we had to create it. introducing the 2013 lexus gs, with leading-edge safety technology, like available blind spot monitor... [ tires screech ] ...night view... and heads-up display. [ engine revving ] the all-new 2013 lexus gs. there's no going back. until the end of the quarter to think about your money... ♪ that right now, you want to know where you are, and where you'd like to be. we know you'd like to see the same information your advisor does so

but korea is up a lot and china is up a lot and a lot of other markets -- sorry, hong kong is up -- and other markets are really moving. this isn't only on the back of asset purchases from the bank of japan. that's certainly great news for real estate and stockbrokers. >> what do you make of the s&p threat to down grade japan if it doesn't get its public debt in order? >> i think that's a total and complete irrelevant. i think if i owe the moneylender some money, that's a problem. if i owe it to my wife, it's a lot less of a problem. japanese people owe each other a lot of money. that is the same point. they owe it to each other. so the fact that, what, 5%, 6% of japanese government bonds are owned by foreigners, the country doesn't need them and very quickly should return to firm currency accounts. this isn't an issue. s&p has a view but it's possible it's not a valid view. >> nicholas, you told us about trading on the back of all the liqu liquidity that is sloshing around there, the impact that will have on brokers, for instance, but why are you interested in autos, machinery and

the dew is currently up 17shsh the dow is currently up 127. the nasdaq is up 37. the s&p is up 15. checking the numbers right now, apple is up 4 cents, that coupled with a recent drop in exxon stock has made apple the most valuable u.s. corporation. apple and exxon have been jockeying for that title for nearly six months now. >>> will investors like facebook? that's the $10 billion question today. kristin -- kristin kafton is live -- christien kafton. any word? >> reporter: still no word yet. we are live at menlo's headquarters. for a company that fosters communication, all they are saying at this hour is no comment. employees are not talking company about where the company will file paperwork to file for an initial public offering. financial experts say even if facebook goes public, it will be major investors with millions to spend and with preexisting relationships with facebook will get first crack at the stock. when it does filter down to the average investor, some say they will buy. >> facebook looks like it's gonna last. i don't know -- i don't know as far as the amount of mo

he is flying up from los angeles. he is here to raise money for his presidential reelection campaign. >>darya: unemployment numbers are down. first-time claims have dropped to the lowest level in four years. applications dropped 13,000. >>mark: another developing story, the search for more human remains in connection with victims of the speed freak killers. the search continues today as investigators have reached the bottom of the first well of atrocity in san joaquin valley. wesley shermantine provided the location to authorities. investigators also plans to send a camera down the welfare to see if there are any more human remains. so far, 1000 bone fragments have been found at this one well alone. investigators will begin searching a second well today. investigators will continue searching until all remains are found. the ex-wife of shermantine is now off for speaking out. >> he was very violent. he was very hot headed for. he was into drugs. when he started smoking drugs is when it started going downhill. i did not

the debate on rackspace is coming up. i just like saying it. space. >> and courtney is playing around at the american international toy fair and she has great friends. >> lackluster holiday season is causing problem in toy land, i'll tell you what toymakers are doing to drive demand that is coming up on the "closing bell." hey, did you ever finish last month's invoices? sadly, no. oh. but i did pick up your dry cleaning and had your shoes shined. well, i made you a reservation at the sushi place around the corner. well, in that case, i better get back to these invoices... which i'll do right after making your favorite pancakes. you know what? i'm going to tidy up your side of the office. i can't hear you because i'm also making you a smoothie. [ male announcer ] marriott hotels & resorts knows it's better for xerox to automate their global invoice process so they can focus on serving their customers. with xerox, you're ready for real business. take the privileged investing tools of wall street and make them simple, intuitive, and available to al

yes, ground chuck is up. it's up about 12% year to date.ut no one talks about chicken, that's only up 3%. no one talks about restaurant-- >> you can't make a hamburger out of that. >> yes, i agree with you, but it's not up 50% like people are talking about. and so, if you look at just food inflation, i'll look at that. it's up about 4 1/2% year over year. and because people, yes, they look at the ground chuck, but then they forget fruits and vegetables are up 3%. you've been out to eat recently and it's pretty much flat and the restaurants are begging to have your business and that's included in the food number so i'm more in susan and the government's camp. >> the other issue that's-- >> and the other numbers we were showing came from the government, too, go ahead, toby. >> i guess what i'm saying is we actually have in many cases food shortages, if you look, for instance at corn, a big bumper of crops and 40% of that is going to make ethanol. we have beef prices the at ultimate high prices and we have the lowest herd since 1948 and one of

that is your max risk there. then you can make up to 8:20 and then your payoff trails between $1.30 and $1.38. your max risk is $1.80. that's below and above 140. it's a pretty wide range to make good money with defined risk over that profit. >> do you like the fundamentals of this trade? do you like the trade structure? two separate questions. >> i like the fundamentals. we all thought that goldman sachs was going to have trouble because of the ban on prop trading. they showed it's great. that's fundamentally. technically i like the trade because it makes sense. dan's not risking a lot of money. another way to look at it potentially, maybe understand it better is look at it like this. you're selling a 130, 140 call spread. neophyte options traders, that's how we teach them to look at butterflies. because there are a bunch of legs, watch the execution. >> you hit it when you said you're threading the needle here. one thing about butterflies, and dan has used these effectively in the past. this is longer dated. he often trades short-d

traffic is quickly backing up. 0 at the 880 interchange that is slow. >>> our system is moving through very, very fast. there is breaks to the north. there is rain on the way watch the top of your screen. right now the focus is around toward santa cruz mountains. we'll have more coming up. >>> also coming up on mornings on 2 we'll continue on our storm watch this morning. the number of traffic problems tied to the rain and the wind growing by the minute. we'll tell you about the big problem happening right now. >>> there have been several overnight fires. we'll keep you updated.

gas production is up. zero oil production is up. the ad -- oil production is up. the idea that we have an economic problem that needs a streamlined process, i do not buy it. there are lots of things on the plate that will create jobs that will be reflected in the president also budget. >> the republicans have tried to push the keystone pipeline in the transportation bill. mitt romney sees this as one of his most popular lines. how has this become so political? >> the issues related to energy that seem to get the most attention are the ones that seem to have some political bite to them, at least in the view of the republican candidates these days. that is why we have heard so much about solyndra and keystone. the more significant issues that have to do with all our energy future are getting short shrift. as the debate goes on as we approach the election campaign, we will have some serious discussion about what we should be doing with regard to alternative energy, what we should be doing with regard to some of these things. there is a major difference of opinion. th

you got to remember santorum is up in ohio in the polls. n georgia, a second to newt gingrich. he is up in tennessee. these are the biggest electoral states coming up and romney should be -- there should have been no contest in michigan, and there is obviously a contest. >> as we look at some of those exit polls, they give you a good feel of direction at least, it doesn't seem like this was really an extremist one way or another voting group. you have 40% evangelicals, 30% as independents and 10% as democrats. 1 in 7 said they wanted the true conservative and 1/3 considered electability as the prime their number. >> it is hard to say who is the true conservative in this. there was a time when people thought romney was the guy who was going to beat obama. nobody seems to believe that anymore. and santorum was never considered one of those hard core true conservatives. so that is the problem there is no constituency. neither one of those guys represents one of those constituencies. >> however when asked who was more electable, a little more th

the topics ix is up. sources tax and that weighed on the resources tax -- the resources second is tore. the hang seng is up 1%. property counters benefiting on hopes of a recovery in this particular sector. elsewhere the taiwan weighted index is up marginally. kospi foreign investors dashing into the market once again 1.3% higher. outperforming in this particular market. the australian market 0.3%. sensex up 0.8% and, ross, hopefully we can hear you this time. >> i hope you can. the german president is the figure head of the company, not the man or the position with power. that is with the german chancellor, angela merkel. so sort of a figure head president the same as you would get in ireland, for example. so not that important in terms of the actual impact on power. as far as stocks are concerned, ahead of the u.s. open, weighted to the upside. ftse 100 is up over 5900. the dexetra dax is up. we've been focusing in on the currency markets, of course, euro/dollar has been firmer. the yen weaker across-the

the vix is up, oil is up, the dow turning down. thanks for watching. i'm out all next week. "closing bell" with mappndy and bill should be an interesting hour, and it's right now. >> interesting two hours, actually. welcome to the "closing bell," everybody. i'm mandy, standing in for maria bartiromo. >> i'm bill griffeth. we have another round of encouraging u.s. economic data coming out this morning that helped the dow spend much of the day hovering around 13,000. but once again, the market unable to hold that psychological level. and we're seeing a spike in oil prices, as it approaches $110 a barrel. that may be taking some of the wind out of the dow sails. light sweet crude settled near $110. and in the after-hours session, close to that right now. we'll look at the impact of higher oil prices and what it's doing to everything from refiners and treasuries. >> i got out of the car, and i said, what did i miss? i see the vix and dow swapped places. the vix has spiked up, up by 4% right now and change. right now, with an hour to go in the trading day, as we were saying, with

rose's opinion is up to this committee to determine whether or not that is the response that has been adequate. it is not to say the budget analyst should tell us, this addresses it and the concern is addressed. it is upon us to say here were the recommendations the budget analysts put forward. to the points that have been recommended, do they speak to those issues? that is a fair question. it is up to this committee to decide whether the responses are what we expect. >> i agree it is up to this committee but in deciding whether or not response their responses are adequate, i certainly think we would all benefit from hearing directly from mr. rose who is the one at his office has spent time looking at the fine print on this deal to see what their take is on the adequacy of these responses. not only on those things that were left out but the adequacy where responses were provided. i think it would inform our decision to hear that intimation from the budget. supervisor chu: thank you for your comments. let's move on to item seven. >> develop a document with the acoc. we have talked abou

the topix is up. the shanghai composite is up marginally. we had the banks slightly higher on a report that, you know what, they are -- the government is trying to relax local government financing by allowing banks to lend to government projects at least 60% complete so that seems to be refueling the bank shares there. the hang seng is up ahead of key earnings. which released results after the bell. pretty strong numbers. the kospi 0.6% higher. chip makers rallying on elpida saying maybe we can claw back the market share, so that seems to be the story here in south korea. the kospi 0.1% lower. new zealand, marginal gains and the sensex 1.6% higher. that's it for me. i'll be back tomorrow with the news making headlines here in asia. >>> the mobile world congress under way. japan has been treated to new hand sets from the likes of sony and nokia and getting a glimpse into the future in terms of technically connected homes. karen is getting all gadget happy. >> reporter: i'm glad you said that and not i. some of the big headlines here. htc came

it is up to the fcc to interpret that and determine who it can and cannot be. the fcc issued an order on this specific question. supervisor avalos: if i can stop you, the language is not more specific than that? >> the language says it must be used by a governmental -- by governmental users for public safety uses and purposes. it is very broad. >> supervisor avalos: mta, puc. >> perhaps. there are times when every public city employer is a public safety worker especially in large disasters and that type of thing. what the fcc has done is to interpret that. they have in their ruling they have consistently expanded or broaden that definition as they go. the most recently was in the fall of last year. they specifically cited transportation agencies, ports, airports, those types of public agencies as being in there -- this order, being eligible users for the 700 mhz system. i anticipate also that the fcc could probably also expand that to public-works workers. other workers who may not normally have a public safety function but certainly in an emergency or some even

southbound traffic at franklin is picking up. this is the parkton region. 83 southbound moving very well down from the maryland line. that is the latest on traffic pulse 11. >> a busy night for police as they handle four shootings in just a few hours. the first incident happened around 6:30. another shooting one hour later at east patapsco. then a shooting at spring hill road. than a fourth victim. no word on the conditions of any of these victims or a possible suspect. a man is arrested after trying to flee to pakistan. he was arrested wednesday at dulles airport. he will have a detention hearing tomorrow in virginia. the governor will announce a major step toward developing offshore wind generators in ocean city. makejoining ken salazar to this announcement. the general assembly will consider a bill that would require utilities to have 20% of their electricity generated by wind power. this is a source of construction and permanent jobs as well as an alternative energy. >> with the florida primary in the books come the republican

he is trying to fire up the bass again. this time, criticizing the assault on religion. >> i am for separation of church and state. >> nude gingrich has essentially written off pope states -- new gingrich has essentially written off both states. it will be interesting to see how many democrats will show up and vote for santorum in hopes that extending this bruising battle. >> the virginia senate has approved a controversial voter id bill. the senate deadlocked along party lines. voters who do not have the government issued id will be given a provisional ballots. that ballot will be counted in the election only if the voter returns with proper identification. >> the violence in afghanistan began after american troops mistakenly burned copies of the koran. nine afghans are dead following a car bombing at a native -- nato base. officials said the korans were burned by mistake. >> a soldier at the center of the wikileaks case is up for a nobel peace prize. bradley manning is on the list of nominees for the prize. he is facing a

so increasing clouds and it is a mild to warm system and coming up from the south, southwest, wind isng up and some of the higher elevations could get one to two. concord fairfield and a lot of low-to-mid 40s also mountain view and hayward. there is our system right there. so far it is developing. let's hope it holds together. rather blustery by tomorrow morning and it looks like one and done. that will be it for the rest of the week. novato san rafael 65 degrees, pleasanton, even redwood city, los gatos, santa cruz with a strong southeast wind developing. rain is out of hereby wednesday and friday looks good and with your extended outlook it should be mostly sunny to partly cloudy. >>> a house explodes and police say it was all planned, a father and two sons were killed. the e-mail that was sent before that blast. >>> deadly gunfire just hours ago. >>> good morning, westbound traffic is going to the tunnel although there is something on the shoulder and we will tell you more about the morning commute and bay area weather. enough to tow up to 7,400 pounds. so owning a durango means yo

stock is up more than 20%. there's word on the tape that in speculation, that they hired jpmorgan chase to look into a buyout. we'll stay on the story. >>> the big biotech conference is under way right now in new york. it's been a big year for biotech. many of the stocks in the sector up 25% or even more. deals are being made with what some call outrageous premiums. the new buzzword is rare, as in rare diseases. seema mody is at that conference. >> reporter: for a while, investors, so focused on these major diseases, like heart disease and diabetes. of course there's a lot of opportunity there. as patents expire, fa ma players and investors are turning their attention to these rare diseases. there's a limited customer base. but you essentially own a piece of what could be a very lucrative market by having that first mover advantage. you can dictate pricing. we know pricing pressure has been a key challenge for a lot of pharma firms. they come on cnbc often and tell us that's one of the main things eating into th

now, it is up $4.50. it is going to go up. >> how will that affect you? out to keep some in the truck. >> we do not have the vehicles now that we need to get people around with. it is with the arts. >>pam: coming up we're going to show you some of the cheapest places in the bay area to fill up. >>jaqueline: current conditions are in the forties and fifties. take a look at storm tracker 4 raider. the system is wrapping around california and abroad as a few showers. right now, dry conditions. things will stay partly cloudy over night with a little the fog at the close lead. temperatures will be in the 40's over night. warmer temperatures into the upper 60s. it will only get warmer from a year. details coming up. >>vern: coming up, manny ramirez comes to oakland. third off sphere fan if he mcphee indeed >> robert apple just settled a major class action lawsuit in and did they have to pay customers that have or had an iphone 4. the lawsuit is related to the antenna, it would lose signal strength if you held it in a way that blocked the antenna that was bolted

nasdaq is up .5%. the s&p 500 is just a hair below the 1,370 mark. matters is the close on these indices. that's what traders are going to be charting and that's why you have to stay tuned right throughout the closing bell today. >>> up next on "power lunch," why 68 may be the new 65, which is really good news to ty and me. >> working three extra years. it could sheeeriously boost the quality of your retirement. [ male announcer ] technology accelerates at a relentless pace. anything not moving forward... is moving backward. [ tires screech ] [ engine turns over, tires squeal ] introducing the 2013 gs, with the lexus enform app suite -- the most connected information and communication technology available in an automobile. [ engine revs ] the all-new 2013 lexus gs. there's no going back. see your lexus dealer. 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. t

and we believe we can transfer those over to the system when it is up and running. we have a dedicated network that is critical to san francisco. we rely on data sharing, but we are competing for that band witdth. if that new year you try to use your blackberry, it works, but it is very sluggish. we are very limited with what we have now, so we can look at a picture of a missing child or missing alzheimer's patient on our radio. the system is critical to provide these services. we can give a description of people we are looking for, but when you are looking for a child when there are hundreds of thousands of people, it is much easier to have a picture we can share with each other and the public. this is a regional project. we are a commute city. we have people coming in from oakland. they jump on board and they come to civic center and the tenderloin, and their intent is critical activity. we need to be able to communicate much more effectively than we are now, and i do believe this will allow us facthat. this network will approve the -- improve the efficiency for of

>>gabe: barnes and noble is heating up tablet and e. reeder wars by lowering the price of their net tablet and nook color your reader. this news comes a week or two before apple is expected to introduce the ipad 3. at the lower price they could steal away the better from amazon. ford's a noble was selling only a minute tablet for $250, and now is offering in a gigabyte model. that matches the kindle fire in memory, specks in price. the $50 difference was really hurting sales of the nook tablet. barnes and noble hopes this will help them compete with the amazon kindle fire fifth forms of also announced a $30 price drop for the color e-reader which will now cost one of the $69. this device is a lot like the nook tablet but without the bells and whistles. off i would like to hear from you. does this price drop increase your interest or is it too little too late for barnes and noble? >>mark: all eyes on wall street as we're waiting to see if the dow will get above in this day above the 13,000 mark. the last time it was there was may 2008. er

apple is dragging up the tech sector. but my point is, we've had a great rally so far. >> the news is catching up to the market right now basically. >> i think so. i think the news was unequivocally good. the only reason i can give people about why we're not seeing a better reaction is, we've been getting it every single day. >> a slow crawl up. >> yeah. i think maybe that's a good idea for the market. i know it's not terribly exciting. we're not getting 200 points moving up and down like the middle of last year. like a bowling alley installed in our brains every day. but hopefully this is good for the market. >> the volume not as bad as yesterday. >> cut the volume. the. >> let's look at the movers and shakers in the market that has the dow just about 17 points. courtney reagan at the cnbc realtime exchange right now. >> good afternoon, maria. we're still green across the board. like bob said, tech is the outperformer. just shy of half a percent. that's the same thing that we saw yesterday as well. if we can check in on t

the average price of gasoline is up 185. the national average is at $3.69. rising crude oil prices is the main factor driving the increase. we are tracking bay area gas prices. will tran is joining us from burlingame will look >>will: a lot of people are not even filling up their tanks, they're doing what they can just to get to work because the pain at the pump is so much higher than it was last week. on average we're paying 265 more for gas. on average $4.33. last week $4.70. ♪ ♪ twinkle toes i think i found a soul ♪ ♪ to make me happily ever after ♪ ♪ i say i love you and i'll say it more ♪ ♪ my one and only ♪ oh i can't lose ♪ so don't stop doing what you do ♪ ♪ have i paid my dues just to be with you ♪ ♪ don't stop doing what you do ♪ >>james: a man wanted in the murder of a fellow hell's angels now behind bars. police say steve ruiz was found in fremont. he is the suspect in the killing or another slain hell's angel member. he was considered armed and dangerous but police say he was taken into custody without any incidents. >> this guy has been on the

>>darya: gas prices went up 35 overnight in oakland. will trend is liable the look at what we are paying this morning. sfax choice if >>will: look at this. 11 gal. of gas costs to disperse and $50. prices are going up all over the place. there is no escape. even if your other car is a moped or bicycle get this, once you get to the store's food will go up as low because it will cost more to ship food. coming up i will tell you why gas prices are going up. >>darya: what is the difference between regular in the good stuff? >>will: 245 more. >>darya: we want to hear about your experiences with gas. >>mark: the dow jones industrial average is up almost to the 13,000 mark. fact that they reason for the skies today europe, after all they said it agreed to with other villa felice. the decision came in the early morning hours to verdigris from defaulted on its debt. to obtain the second bailout greece has to make severe budget cuts and reduced spending to 120 percent of their gross domestic product by 2020. right now they're spending 120 percent of the gross

>>guest: that is why i said we will switch some of these up in the month. got you, and now, rick santorum, where does he look strong? >>guest: well, santorum is taking over for newt gingrich in and of the southern and border states. oklahoma would be an excellent tonight for santorum and, frankly, tennessee would be, too, but tennessee is going to contexted between santorum and newt gingrich. and, then, you have caucus states, not dissimilar from last night: north dakota and alaska. those could also be strong targets for santorum. >>neil: now, newt gingrich. you mentioned georgia before. but any other state he has a good shot. you mentioned in ohio he is trying to pick off there, that would be an unusual pick up. playing it now, how does it look? >>guest: tennessee. tell you the truth newt gingrich's better shot is not super tuesday but the following week, alabama, mississippi, deep south states, newt gingrich will have a better shot there, but i tell you, if he does not revise himself for a third time, santorum could be the one taking those deep south state

issa wants to know is there a cover up? is holder covering up? ow long is holder not delivered the documents? how long? >> this whole period of time. from then. he was requested -- here is what is significant. >> when? >> march 2011. here is the deal. specifically, they have received the 6,000 pages compared to the inspector general. you see holder said we are going to have our own investigation about this they received 80,000 pages. clearly documents are being withheld. very obvious. >> bill: this holder doesn't give them up then he can be charged with contempt of congress. that's a crime. >> very serious. one year misdemeanor, $100,000 fine and he has. >> bill: you figure he is going to give up. >> he has until february 9th. the other avenue he can take write a privileged memo, log, here, congressman, here is exactly why. >> bill: issa isn't going to want that. >> issa put in the letter he had three choices, one, turn it over, write this privileged document or face contemptf congress. >> he is very serious. next thursday is the deadline. >> bill

the dow is currently up by .3 of a percent. the nasdaq, meantime, is sitting about half a percent higher. and the s&p 500 is up by about four points at 13061. let's find out what the traders are buzzing about today. what's the buzz. >> oil prices are a real problem for the airlines. that's what people are talking about. the transports are -- have been very weak. but i think what's encouraging today is, remember i've been talking about looking toppy. a certain few key sectors. they're moving forward again today after looking a little iffy. so for example, the transports up today, even though the airlines were to the down side. we saw some other sectors, like the bank stocks that had been going nowhere for a couple of days on the up side. materials were up earlier today, they just turned negative. home builders on the bottom there, that's the itv, that has been moving sideways, down for a few days, that's also on the up side. encouraging activities, until you get to the oil sector. it's been ugly for the transports, particularly t

the suspect is from harford county. ended up going in the northbound direction and that is when the suspect ran to the troope. r. the trooper rammed a fence. that suspect took off. as always being monitored. a deputy was able to spot the vehicle. the suspect crashed in abington. the suspect was not hurt but he was taken into police custody. he is facing a number of charges including first-degree assault and many other traffic violations. the trooper was brought to shock trauma and was treated and released. he is expected to be ok. jennifer franciotti, wbal-tv 11 news. >> thank you. fallen police officer will be memorialized by having a city block named after him this morning. a road will be renamed william h. torbit way. he was shot and killed by friendly fire while responding to reports of a fight outside the select lounge. other officers did not realize he was a fellow officer. is where his family lives -- straight bearing his name is where his family lives. there was damage done to it frostburg neighborhood. a teenager still

what is up? >> team romney is very nervous, larry, they are going hard at santorum, they are picking out two things. they are going after his congressional earmarks and pork barrel spending from his years on capitol hill, and they are looking at his beltway insider. they went hard after gingrich and no backlash, but republicans love santorum of course so if they go too hard on santorum, they will risk a backlash. >> santorum has a record in this race so far of not really going negative. yes, he disa fwrgrees on the is but he has been a gentlemen here. so, if romney world slams down santorum, with these super pacs, will it backfire? >> i think so. you are right, santorum has been a gentlemen, but he has been a gentlemen and a prosecutor during the debates. spoke to santorum aides today, they raised the question, okay, romney comes after him on earmarks and experience in washington, but santorum can go after romney for romney care. >> and what about team gingrich. there's the talk that santorum is r

the dow is up 66. the nasdaq is up 12. s&p is up 5. there's a new sign the job market is improferming. ,000 people -- improving, 348,000 filed new benefits. it's also the fourth time in five weeks. the numbers have flipped. the decline indicates companies are laying off fewer workers and hire something likely to pick up. when initial claims drop below 375,000, it usually signals hiring is strong enough to lower the jobless rate. >>> discount airlines southwest is raising fares by $10 on nearly all of its round-trip tickets. jetblue matched the price increase and other airlines are expected to follow by this weekend. southwest says this fare hike is necessary to cover increasing fuel costs. 7:45. the final days of whitney houston's life. some of the guests at the beverly hill ton hoe -- hilton are not painting a pretty picture. here's more. >> well, guests are talking about what they saw in the days leading up to whitney houston's death. this is a picture of the singer at a pregrammy party where witnesses say she was drinking heavily. we

what is up dave? >> i'm concerned about the higher oil prices and the economic downturn, should i move out of equities and into short-term bonds? >> the two worries that you have just hit, were worries that were in my shows. a war with iran and israel and i'm worrying that our gas is going above $4, that is what other people are worrying about. if that happens, the market will get hit, you can raise money because of it. but they will indeed even then perhaps bebuying in the end. call it what you want, but i got to side with the bulls. "mad money" be right back. >> coming "technical time," europe's crisis, can it trip up the bull market at home. an all new dedication of "off the charts" and later at your q all this week, jim's checking his inbox, voicemail and twitter to answer your best questions on the air, tonight, ready to ride the rails? all aboard, conductor cramer decides which stocks can take your portfolio full speed ahead. this company makes the world's smallest heart pump. don't miss cramer'

some say the best actor race is tightening up. perhaps a serious challenge is dashing, funny and quiet in the artist. she might walk another street of broken dreams at this year's show. harvey wine stein is on her behalf. viola davis remains the betting choice for the help. hollywood has moved on to the next major question. what is a silent movie's victory say? >> at a time when they are bombarded by technology this reminds them and reminds the world about what is special about movies on the big screen. abc 21 your home for for the 84th annual academy awards. >>> close call for the top spot at the box office this weekend. tuesday after the studios give out number after the long holiday weekend. stay with us. we'll be right back. we are looking good the rest of the evening. not that we could not get a snow shower. i saw a report in frederickburg south of d.c. they are getting a wintry mix. we can see some precip on the radar. it is not touching the ground around baltimore. look at the warm up on tap. we are back to above 50 on tuesd

that is transformer up there. t that transformer was on fire and there were sparks coming out. it knocked out power to 2400 people and right now that number is about 130. i spoke with pg&e about a half hour ago and that's what they were telling me. it all started with a transformer -- transformer failure. pg&e is calling this a transformer fire which happened shortly before 4:00 this morning. san francisco fire crews were called to the scene and they proceeded with caution. they described the scene with sparks and flames leading to the top of that utility pole. one person told me it would take pg&e all day to restore power to everyone but pg&e is saying that may be a little bit pest mystic. -- pest mystic. >> [inaudible] >> reporter: now one of the career affects this has coming back to our live look is not just a power outage, you can see that traffic is still shut down betweenville lense why and mission, we will continue to monitor the situation but we will go with more of a look of traffic throughout this area.

the s&p is up had -- is up 4. >>> google and other companies are getting around with the safari browserearcher says coding on gooblg ads was able to place unlimit the cookies on nearly one-quarter of the sites. apple is working to stop that. google says the cookiesicks peer on a day or less. >>> the rush to the know, the long weekend is luring people to the sierra, dreaming of skiing? john sasaki got the really tough assignment and is up there and will have a live report at 5:00. thank you for trusting the news. we'll see you the next time news breaks. we're always here for you on ktvu.com andkubl.com -- and mobilektvu.com.

ao >>> opposition groups say the government is keeping up its attack on the city. amateur video shows rockets smashing into the city that is a strong hold. activists claim hundreds of people have been killed over several days and say the city is in desperate need of medicine for the wounded. the u.s. is working to come up with solutions to end the violence beyond the current economic sanctions. >>> protesters are at city hall as the mayor delivers his state of the city address. unions are calling the pension reform campaign unethical. >> submitted and time stamped. >> reporter: the firefighters union delivered a complaint to the city clerk's office this afternoon, signed by 800 residents that accuse the mayor and other top officials of ethics violations. and later, various union representatives said the mayor has been promoting the ballot measure by saying city retirement contributions would hit $650 million by fiscal year 2015-16. they say emails and interviews prove they knew the figures were speculation, and warned not to use it publicly, but did. >> he has been

according to aaa, the national average for a gallon of regular gas is $3.61, up 3 cents from yesterday. the average price and the baltimore area matches that. the average price in the entire state of maryland is $3.63, because prices are higher in the d.c. suburbs. >> noted of maryland's making history. >> they appointed the first man ever as president. >> with the last debate before super tuesday and the primaries now under their belts, the race is on for the candidates and how they are scrounging to raise last-minute cash. >> the baltimore tax debate moves from city hall to city schools. straight ahead, why students >> some baltimore city school kids are being drawn into the fight for an increased bottle tax to help fix aging school buildings. that's the latest effort by a grass-roots group trying to press them to pass the controversial bottle tax to raise money to renovate schools. >> now that group is pushing students to the front line. let's go live to the newsroom for more. >> the baltimore education coalition is made up of schools, communities, and religious groups. today, membe

bernanke he say on the hill there today sounds like a great interview to look forward to that is coming up on the capital account with lauren lyster but that is going to do it now for the news for more of the stories we covered you can head over to our t.v. dot com slash usa and you can also check out our youtube page it's youtube dot com slash our team america and you can also follow me on twitter at liz wall the capital account with lauren lyster is up next we'll see you right back here and a half hour. on. morning news today violence is once again flared up. these are the images the world has been seeing from the streets of canada on giant corporations are all today. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture. good afternoon and welcome to capital account i'm lauren lyster here in washington d.c. ben bernanke is defending the federal reserve's financial

volunteered is up, you leave. you just pat yourself -- hey, you guys, good luck. see you later. hope you get home. and that was true. i mean, when winfield scott is approaching the gates of mexico, a bunch of indiana volunteers, their team is up, and nobody even questioned the fact that they're going to go home. and scott even worked to get them home before the yellow fever season, to get them through veracruz and get some reinforcements in to replace them. i mean, they factored this into military thinking in the united states. and the confederate states shared this tradition. so, if you don't have a draft or some kind of legislation, you don't have an army to defend the confederate states of america. well, lee said everybody has an obligation to serve, and 18 to 35, later raised to 45, and there had to be exemptions. and realize what this does, this makes the war department -- puts them in control of the confederate economy, the industrial war industry economy. because you control labor just like the war departmen

it is lined up with the beltway. right around the 95 corridor. is moving right on through the area, the late, the next batch will come through later this afternoon. it as break here and in the meantime, we will talk about the totals that we expect to see before it is all said and done. it is more a rain and flurry event and it is up and down the 95 corridor. and it is a coating of 1 inch. one to two. s to harper county and out towards allegany county and western allegany county and could see more on the elevations. temperatures are at 33 degrees. we are above freezing. relative humidity at 96%. winds have not been a factor so far and they will pick up through the evening. we have 28 in oakland. 32 in couple weir be land and hagerstown. and down on the shore. around the immediate metro area. temperatures ranging from 31 to 33 in bellaire and columbia. 34 in rock hall and 36 in d.c. the winds are calm around central maryland. light breeze blowing around most of the state. and from the northeast. high erwin around the pat tux end river. and what we

there is a winter storm warning going up. there is a live picture from the bay area, there is towards interstate 806789 you can see a build up there. and there is most moisture we're seeing here is due to build ups. we haven't had reports of rainfall. and most are over the higher terrain. snowing and you can see here there is about time and snowfall hasn't been as heavy. there is chains required now on state route 88 and 4. heading up there, carry your chains, and wait until tomorrow, you'll have an opportunity to go there. there is numbers into 40s and 50s. there are highs into 50s. there is wind and this felt chilly in areas there is 28 now in half moon bay. it's breezy out there. there is is cloudy and rainy weather expect forward wednesday. so by morning 28 in napa. 29 in santa rosa. there is bone-chilling cold in areas. there is you can see a cold night is ahaechld you'll need a heavy coat. this is missing us entirely other than bringing us the chill and giving us build ups here. there is a clearing and cold. we'll see ra

and the nasdaq is up 13% year to date. the s&p is raging. to me in a lot of ways when everyone is looking up, i like to look down. that can be expensive. >> some of the stocks that have risen the most so far this year are stocks that fell the hardest. netflix, kb homes. these are amongst the best selling stocks this year. they have so much ground to make up. so you see a lot of rotation into places where people are saying if i'm going to make a bullish bet, i'm going to try to do something giving leverage. >> now, of course we mentioned all these stocks here. but financials have helped lead this rally. we have seen a bit of a pullback this point over the past week. >> last week it was interesting. some of these stocks looked like they could do no wrong. they reached the points from last august. to me it appeared that a lot of the easy money was in those stocks. you also had that little, it's kind of a nichy thing. a lot of these banks pay their employs a bit of stock. part of this artificial lift. at some point in the last week you saw some

the cac is up. the ftse mib up a quarter of a percent. stocks just rallying from the first half losses. we did see euro as well just below the 1.30 level. now the committee which has represented, of course, all the private creditors in geshgss last night is currently holding a press conference. the chairman of the so-called pcic, charles dallara, speaking right now. we'll keep our eyes on what they say. what's going to be key, of course, is exactly how much of that offer is now taken up. negotiations should basically come up with an idea between march 8th and march 11th. if there isn't is a significant enough take-up then greece is planning to launch this collective action clause that could force bondholders to take losses. if that happens, are we then constituting a credit event? let's listen in briefly to what he has to say. >> what we are doing here is extraordinary. you will have seen some of the facts already and my colleague and i can elaborate on this if you'd like but this is an unprecedented level, a voluntary debt reduction, upw

traffic is backing up into the maze. drive times are climbing to 21 minutes and more. >> here is a live the view from the bay bridge. morning conditions 43-48, breezy and wet. overnight tonight, a 36-42 and partly cloudy skies. sunshine and the wind. here is the wide view on the satellite. the wet weather is almost out of view. right now, a 13 mi. an hour winds. 10 a.m. is what we have a wind advisories had to take effect. by one in the afternoon the widespread wins. even by 4:00 p.m. pretty gusty conditions. it is going to be blustery. here is your 7 day around the bay. the only bit of rain that we have to talk about will, sunday night into monday morning. here is a look at your snowbomb.com ski report. if you would like more ski information had to snowbomb.com. >>mark: every game with jeremy lin gets better. , he won the game with one second left. >> when will this physically catch up to them? >>mark: as i watch this, people are rooting for him but the better he does, i wonder if he would work if he stayed with the warr

since october, i think the s&p is up about 25%. t the s&p has also gone 27 trading days, bob, without a 1% or more decline. that's its longest streak in over a year. is there any precedent in history to show that that could continue? >> sure. you can always do a little bit better. look, the low volume grind upward makes traders a lot more comfortable than sudden spikes up. remember on the days a year ago when we were up 200 and 300 points in a day and then down 200 and 300 points in a day? that makes people crazy. low grind on light volume makes people more comfortable with rallies, not less comfortable. >> let's bring in rick. rick, i want to talk to you about the federal reserve. we heard bernanke earlier today, did not say a whole lot. rick, are you there? >> i'm here. >> fantastic. with any asset class, right, do you ever, ever want to fight the fed? >> i think fighting the fed can be treacherous. ask some big bond fund managers with regard to their performance in 2011. but i also think there comes a point where market logic, ev

it's all capital in the overall budget request which i point out is basically up about 1 1/2 percent from last year. as you can see we're doing lots of tradeouts. yeah? >> would that include the $250 million and non-military? >> that 77 is a different pile of money. you have egypt money, which is $1.5 million which is -- good numbers here. $1.3 million is fmf. $250 million or $250 something million is direct assistance. did i screw this up? i look over around they have their hands on fair face. the $770 million is new money. >> thanks. looking -- >> don't stop me, josh. don't do that. i was doing so well. okay? >> okay. >> so the court enduring budget, the core budget, the request this year is $48 billion. that's a 4.3 or 10% increase. >> yes. you're good at matt. there's two ways to do this. the budget is switched around between oco and core budget. so the hill last year in our budget request made a decision to move some items into the oco account out of the base account. we've had a lot of dialogue back and for the with them as relates to 2012. we are making -- we are shifting some