might be built on one of ism's tracks.e hours he spends at his audio board, ish doesn't let his school work slide. in fact, he's on the honor roll. >> you can do whatever you want. as long as you put hard work into it, put time into it, you can do it. >> and that's certainly a message you just can't "beat." >> that's our show for this week. thanks for watching "teen kids news." we'll see you next time. >> here's a shout-out to pr newswire for including "teen kids news" on their big screen in times square, new york city. entuentures brought to you by sea world and busch gardens for more than 40 years working to preserve the world we share. oww. wow that thing... oww--man (e's got... look at that... look at that bird. hey!! taking care of sick, injured and orphaned wild animals requires compassion, patience, and stamina. hi everybody, i'm jack hanna

might be built on one of ism's tracks.spite all the hours he spends at his ish doesn't let his school work slide. in fact, he's on the honor roll. >> you can do whatever you want. as long as you put hard work into it, put time into it, you can do it. >> and that's certainly a message you just can't "beat." >> that's our show for this week. thanks for watching "teen kids news." we'll see you next time. >> here's a shout-out to pr newswire for including "teen kids news" on their big screen in times square, new york city. steves: pisa, in the north of italy, is a grand city with a grand history. for nearly three centuries, until about the year 1300, pisa was a booming port town, rivaling venice and genoa as a sea-trading power. from here, where the arno river meets the sea, its 150-foot galleys cruised most of the mediterranean. during the crusades, pisan ships transported entire armies to the holy land. like many italian city-states, the republic of pisa prided itself in its independence from both popes and emperors. but eve

we see that today with the ism.sm was very strong today relative to what we thought it was going to be. and we didn't overcome it. i wouldn't go out be looking to buy the ukrainian currency, which i'm not even going to try to pronounce right now. i've been looking at companies, pepsico $5 billion in revenue in russia, mcdonald's has 80 restaurants in ukraine. listen to the commentary. catches came out and said operations are okay. those are what you want to do here, go bottom up on. >> market flash desk for a look at what's moving here with dominic chu. what do you see on this busy day? >> there are dips across the board here obviously with all ten sectors of the s&p down. starting with darden restaurants. the restaurant change is projecting third quarter profits to come in below wall street estimates, they blame bad weather for lower sales. also airlines moving lower as well as the latest winter storm hit the east coast. not so bad, but 2300 flights have been canceled following 2,000 canceled yesterday. add that to

yesterday the ism did improve orders. may not be what you wanted. you have to look towards friday and the jobs report. we closed friday on the s&p on a high. on a high again today. yesterday there was no indication in the currency market that the elevated fear that the market experienced during those four hours of the trading session was warranted. >> soph, if i would ask you, pe, what makes better sense, what was more real, if you will, yesterday's decline or today's powerful snapback? >> i would say today's powerful snapback. when you look at yesterday's activity, what did we see? volatility? people came in and started selling calls, scott. at the march 16 level. they started selling puts in the eem. and started selling puts in the rsx. this is towards the lows of the day. what we were hearing from wall street was we don't believe in this dip. we actually think this market is going to come back. i don't know that folks thought it was going to come back quite this fast. when you look at what was trading yesterday, in the latter part of the afternoo

that is a four-year low in nonmanufacturing ism.od news carl? >> yeah, i want the good news first. >> the good news is the weak services sector report here goes along with the weak adp report so i'll get to that in just a second. but i went back to look at the last time we had an employment component in ism that was this low and i go back to may 2013. and in that same month we did 222,000 on jobs so a little bit hard to know how much to take from it. but it's clear that's weakness in the service sector as a result of this number. this number's very steady. it's the service sector of the economy. manufacturing goes up and down with the weather, with demand and inven other and service sector is haircuts and lawyers and all sorts of stuff like that doctors' appointments, it's not that volatile when it goes down it's something to take note of but maybe it's also a weather aberration i think what we're hearing. that's what we saw this morning in the adp report according to mark zandi that puts together the report for the company, the tot

i am not speaking as the historian but as a guy flapping his lips. >> what about gangster ism? >> nobody but it is not very appealing either. >> you made woodrow wilson a seminal figure but i did not hear you account the exact positions of his or acts of his that liberals found anathema. >> prohibition was one. another was the ban on german use of german language, the sale of german foods, and wilson's tolerance of attorney-general a mitchell palmer, repressed german americans. there were fights in the streets of american cities, milwaukee, chicago between german americans and polish americans and non german-american. it got ugly. what they dislike about wilson was this repression. not necessarily directly from the executive office but accountants by the executive office. as many as you like. [inaudible] >> the front row too. [inaudible] >> my name is pete chase. referring to one of the answers you gave earlier tonight, you said what liberals despise is egalitarianism and in particular democracy, i guess because it empowers the average guy in a way they find deplorable. i am ha

manufacturing, ism in an hour and jobs numbers coming up friday. europe's losses are roughly in the 2% range. germany right now, among the hardest hit. markets, unpressure this morning, due to the escalating situation in ukraine. monthly increases in consumer income and spending not making a dent. warren buffett says he's not discouraged about the markets today or in the future. citing slow but steady economic improvement. find out what else he's thinking about. >> apple rolling out carplay technology with mercedes and ferrari? futures pointing to a sharply lower open, thanks to ongoing instability in ukraine and russia. this, despite monthly increases in both consumer income and spending. jim, we knew monday was going to be interesting all weekend long. this is not the kind of thing you prefer to focus on but it's what's on the table. >> we got lucky. we had one of the most amazing three hours i've ever seen on our network where warren buffett really just basically laid out the cards at the annual letter, also fantastic. but his take away was my t

inventiveness of cezanne's later work, resources which were to inspire the whole array of 20th-century isms from purism to expressionism, from fauvism to cubism. captioning performed by the national captioning institute, inc. captions copyright 1989 educational broadcasting corporation annenberg media ♪ ld is by movado, makers of the movado museum watch, the watch dial design in the permanent collections of museums throughout the world. additional funding for this program made possible by the financial support of... and the following individuals and foundations... and other annenberg media programs call 1-800-learner and visit us at www.learner.org. could you use ither, in a sentence, please?ipc." in the unlikely event that your brokerage firm goes out of business, sipc is there to protect you. "sipc." c-i-- [ buzzer ] i'm sorry, christopher, that is incorrect. lisa fannon. lisa, your word also is "sipc." may i have that in another sentence, please? sipc funds are available to satisfy brokerage customer claims up to a maximum of $500,000, including up to $100,000 for cash claims. sipc. s-i-

we see ism numbers regaining a little bit of strength. spending regaining a little bit of strength. wages even up .3 out of the ism and as we move later on in the week to see how we're doing in the jobs numbers that is where markets will begin to respond f we get more wage gains out of bls numbers and slightly better on weather hindered numbers out of the u.s. employment sector, the issues that are going on in europe will begin to fade a little bit and people will begin to put them in perspective that this is geopolitical and, sort of ring fenced for the moment. david: okay. alan knuckman, let's let's go td for a second here. that we saw a $30 jump. that is not unexpected when there is a geopolitical crisis but is that perhaps overbought now? do you see gold reaching a point where maybe it is time to think about selling? >> i have always been a fan of the distressed assets. gold was a distressed assets. we talked about many weeks ago. with a double-bottom. 1400 is the target. gold traded between 1600 and 1200. i think there is more upside in that market and i think a lot of people l

. >> ism numbers today were good and the european ism numbers -- >> construction numbers were good. >> little bit of silver lining in a very nervous market. thanks, gentlemen. appreciate it very much. ty? >>> lots of conflicting headlines breaking in ukraine and russia in just the past few minutes. cnbc's steve sedgwick has gone to kiev. that's where we check in with him now. what's the latest on the ground there, steve? >> reporter: you are reading the same headlines we are out of the russian defense ministry and from russian sources, first saying they would potentially be some assault on ukrainian forces who were holding out, albeit peacefully at the moment on the crimean peninsula. then we understand no such ultimatum has been issued. really, events down in the crimea which is in the southern part of this huge european country, let's not forget it's the second largest country by land mass in europe, with a 2300 kilometer border with russia. events are very fluid and really, no clear picture coming out. at the moment, we do know this government here in ukraine which is pro-western,

ism the argentine ministry of culture has called on unesco to call coffee drinking pash of their heritage, along with continuingo dance and music. the city has designated more than 50 of what it calls notable cafes local landmarks, each with its own history and clientele. there are fewer finer places in the world in which to drink coffee, to chat, to read, to write or stare blankly into place, but the truth is, at the rick of offending a few locals here, the coffee could sometimes be a little better. there's now a new wave of cafes aiming to improve the coffee drunk by the locals, with better beans and brewing methods, which seem to be to their taste. >> interpreter: the reaction has been one of surprise. they have been drinking something out of habit. and suddenly they try something delicious and ask themselves, why was i drinking that? >> reporter: the coffee drinking culture in buenos aires is changing. the independent cafes facing challenges from outside. something for the locals to discuss over a cup of coffee, obviously. aljazeera, buenos aires. >> as we mentioned earlier, sadly, it

you get a weaker avp, weaker ism nonmanufacturing. the market not really being effected greatly by that. so you start to wonder what, if anything, if it not russia, what is it that can impact this market? >> wait for friday. >> i guess. i guess that's what everybody is going to wait for and certainly the market is going to move one way or the other. guys, have a great rest of the day. welcome to the "half time" show. teflon market with stocks hitting new highs again. is there anything that can upset this bull run? new probe. new york's chief banking regulator asking questions about yet another mortgage servicer. the stock is active. department of financial services supervisor dbenjamin is here. smoke them or ban them? e-signature e-cigarettes with the names that should be in your back pocket. we are trading the action today with john, murph, weiss, and josh. and also with us the brian whose bmo capital chief market strategist. we do begin with the markets which are coming off their best day of the year. broad-base run that has so many

also monday, the ism manufacturing index tracks the strength of the sector will be out.l be celebrating mardi gras, fat tuesday. tuesday, president obama announces proposed federal budget for 2015. wednesday federal reserve will release the beige book, compiles anecdotal information about u.s.ic noming conditions. friday big number of the week. the jobs report. finally numbers to really sink your teeth into. the tooth fairy hit a high, $3.50 per pearly white. that is more than a 44% rise over the previous years, $2.42. in fact, the tooth fairy outperformed the s & p 500, had a great year last year. of 29%. that's right. $3.50 a tooth. light years past those that remember a quarter a mole lar, that's our show. the oracle of omaha next week himself, warren buffett. ♪ ♪ turn around ♪ every now and then i get a little bit hungry ♪ ♪ and there's nothing really good around ♪ ♪ turn around ♪ every now and then i get a little bit tired ♪ ♪ of living off the taste of the air ♪ ♪ turn around, barry ♪ finally, i have a manly chocolatey snack ♪ ♪ and fiber so my wife won't give me a

ism tb news, kiev. >>> what's driving vladimir putin's thinking of all this?t's the russian perspective? for more, professor emeritus at princeton university. thanks for joining us. putin just raised the stakes a significant amount. why? >> we hear the american view, putin is imperialist soviet leader, trying to recreate the soviet union. he's something fundamentally different. he came to power 14 years ago and inherited a collapsed state. remember the russians may have collapsed twice in 20th century, 1917 and 1991. putin's mission is to restore russian stability, greatness at home. that includes to secure russia's traditional, historical security zones around russia. first and foremost, that is ukraine. what putin did when he mobilized his forces was to say to the united steurope, you are crossing my red line, and i have no choice. politically at home, given the pro russian forces and sentiments in eastern and southern ukraine bordering russia, i don't see he had a choice. now has he a choice what does he do next, but that will depend. >> so what are the opt

the ism manufacturing index which tracks the strength of the sector will be out. on tuesday, millions of americans will be celebrating mardi gras, known as fat tuesday. also on tuesday, president obama will announce his proposed federal budget for 2015. and on wednesday, the federal reserve will release the beige book, that compiles anecdotal information about u.s. economic conditions on on friday, the jobs report. finally some numbers to sink your teeth into. cash gifts from the tooth fairy hit an all-time high in 2013, reaching 3en $50 per pearly white. more than a 44% rise over the previous years $2.42. in fact, the tooth fairy outperformed the s&p 500 which had a great year last year, up about 29%. $3.50 a tooth. that is light years past those of us who remember a quarter a molar. that's the show for today. i'm becky quick. thank you for joining me. my guest next week, the oracle of omaha is, warren buffett. have a great one and i'll see you next weekend. then don't miss sleep train's wbest rest event.st ever? you'll find sleep train's very best mattresses at

channels regarded as pro muslim brotherhood can tar was a strong ally and financial backer of the isms party and its movement against the interim governments and is now home to a number of its senior for the good figures who fled egypt to escape the military crackdown against the brotherhood party. i israel has maintained its pure speed security and that the investigation of the disappearance and possible hijacking of malaysian airlines flight in each three seventeen. after security assessment conducted by israeli security officials in aviation authorities a series of measures were chosen to enhance security for its airspace for example plates are not required to identify themselves much earlier than before when approaching the year stats the tea tree security comes as el al's former global security chief says he believes that iran is behind the plane's disappearance isaac get thee to grant global security. israel's national carrier in the nineteen eighties says investigators are correct and focusing on the two arabian passengers with passports with that they're wasting time concentrat

mixes nationalism and bolts of ism which on the face of it would seem to be too. quite incompatible things but just explain to us about how those two things if you use. and here is promoting this in the kremlin yes it is said to their influence of ideas that are two basic honesty is the first is that the rule democracy has played itself out. we oppose the rule democracy. the second is from the history the twentieth century both the fashion side and the boss of excited we are allowed to pull out the parts that we liked best and mix them together. it doesn't have to be coherent so that what you end up with the key reason is and is the idea that russia is a particular civilization. it embodies particular virtues their security virtues of other civilizations and that therefore russian politics has to be about preserving at all costs. those particular virtues. this has the implication that the institutions that we take for granted the rule of law democracy the free market the social welfare state rates for sexual minorities rights for minorities. all of these things th

. >> bill, kelly, we were talking off camera that this month the ism manufacturing was up and the ism nonmanufacturing was down. that's counterintuitive to america's service economy. we are coming back, but we don't have to come back a lot. the world's still growing. maybe not growing fast, but that's more toothpaste, more computers, more iphones, more cars. i think america is the safe place. >> but that's what's so interesting. we mentioned yesterday that was getting a lot of traffic, this whole idea about how strong the u.s. looks. greg, if you had told people today we were going to get the retail sales report we did, except for maybe some lower revisions to prior months, and the jobless claims figure, you would not have expected to be down almost 250 points in this session. >> yeah, exactly, kelly. in fact, that's precisely why i'm not getting worked up about this drop in the dow. to the extent we've been going back and forth is it because of the weather or because the economy is rolling over? the better than expected retail sales data and jobless claims number lean you towards say

yesterday the ism bugged me the most.s. there are several of them i find interesting. the first here are about weather. one is cold weather affecting wholesale trade. second is winter weather, try to say that ten times, affecting construction. here's the one that caught my eye because this has been a hot topic in chicago. is the affordable care act/obamacare really having a negative affect on the economy or is it all politics? the ism folks had this to say regarding what the respondents were sending and telling them the affordable care act is creating significant financial uncertainty to the health care organizations with little warning the negative impact on revenue has been unpress debted and that, of course, is respondents more focused on health care and social assistance. that was yesterday. of course, we see there's another delay. i don't know if this this is a 27th or the 28th. as financial students that we all are on a business channel, the best business channel, this really needs to be incorporated in a discussion

at the same time, we get the ism services data at 2:00 on p.m. book report. at 2:00, we have dallas front door president richard fisher and san francisco fed pretty john williams. >>> charles plosser will be appearing exclusively on "squawk box" europe on tomorrow at 8:30 a.m. cet. so if you're a very early bird or up late on the east coast, that will be at 2:30 a.m. eastern, ouch, but we would love for you to join us, naturally. >>> quick check on the u.s. futures this morning, trading slightly to the weaker side, you can see. but very, very minor losses as far as the markets are concerned. strong gains for the markets yesterday so a bit of consolidation here. jeffrey is still with us, of course. what are your expectations for the adp numbers later on today? and will it move the market? >> probably in that 150 to 175,000 range for payrolls. i don't think it's going to move the market. lately, the data has been better than expected. sp expectations got pretty low. weather has been an excuse. we almost got a free pass on the economic data here. if

why he thinks our current economic model is doomed and what differentiates his view from malthusian ism here's what he had to say. susan ism is based again on the deep dark view that that there isn't enough to go around now people have been saying this for pretty much millennia i mean there was actually b. c. story and philosophers that were talking about resource depletion back then so there's a fear attribute that's been occurring of course there is you know geometric increase in population with more resources provided we get resources increase arithmetically so with that you automatically assume that your you can justify the billion people starving but that is technically disproven because of the more with less from your allies ation here's a word that i suggest people look up coined by brilliant engineers social thinker or buckminster fuller some realize ation has to do with the fact that we as we've progressed our technology can do more and more and more with less and less and less and again this is one of the attitude contradictions or action suit. contradiction of the additive na

isme, what is more important the information revolution. that is more important -- to create a new lifestyle. if i can help bring in toormation revolution mankind, i don't have to do everything. i can bring everybody else's talent. i can bring the infrastructure -- >> you bring the roadway that they come on. >> yes. i don't have to create the ferra ri or honda. i can create a highway for all of the beautiful automobiles. i can create the toll gates. i can create the entire ecosystem for the automobile revolution. that is what i'm trying to do. i am bringing information revolution. for these internet devices, the highway itself as an infrastructure is not good enough. that was a big problem for japan, so i challenged ntt because they had 99% market share on the information highway. >> did they give you fiber lines or something? >> i asked the government to d ate,late -- de-regul unbundle all of the copper and fiber services. to create the information revolution and create the information highway, you need a lot of capital. that requires a lo

ism grants must have temporary visa status to get a license. >> they say anything boys can do girls canhat about when it comes to investing? we breakdown who is winning this one. who is it? >> we are, heather and ainsley. is there ever a question, right? battle of the sexes. we have new research out for you that shows when it comes to making mart money decisions women have a better track record than men. a investment strategist at black rock one of the biggest investment firms in if the country, she did this analysis that wound women and men differ in investment strategies in three significant ways. first women tend to focus on longer term nonmonetary goals. women don't hesitate when asking for directions on investments and finally women are more thorough and take more time than men in making trading decisions. additional research by two professors over the six years support these findings. it resulted in women losing less money than men. men trade 45 percent more often than women and it reduces men's return by 2.65 percent verses a loss of 1.2 percent -- i am sorry, 1.72 percent in los

according to the ism index overall factory activity rose to 52.3 last month rebounding from january'siirosoft's new ceo is reportedly shaking up the c suite, tony bates and is leaving company. current microsoft executive vice the p overseeing advertising and former clinton aid becomes new @hief strategy officer. >>> they ever blaming hackers for stealing 850,000 bitcoins worth $550 million. mt. gox ceo said in a website statement there was a high probability that theft was behind the loss and the company is looking to a criminal complaint. that is the latest from the fox business, giving you the power to prosper. cheryl: wall street may be selling off on the news coming out of the ukraine but is main street paying any attention to this? charlie gasparino has that side of the story. >> i think main street people are paying attention to it but has main street investors, are they bailing out of their stocks? is this representative of the selloff, i think it was almost 200 points at the high? is this representative of retail getting out of the market? i tell you we've been calling down to

ism there was a survey of professionals, 94% putting in 50 hours, half 65.have a culture of overwork. overtime rules would not apply to everyone, it plays to, say, your secretary. if she goes home at 5 o'clock, it may change your the way you think about the day you put in. >> does it play into the theme of americans working too hard. do you think this might give the president leverage in trying to make the rules, changes happen? >> i think it will. and there's income disparity as a result of the laws. people in the middle class are working at trying to break out and earn money, they can't. people that earn moneys can keep the profits for itself. that's why you see the income disparity. what are the changes going to look like. the president said he wants to change your the overtime rules, but no one those in which direction we might go. what do you see happening here. >> there has been a push for the people trying to push him towards the order to make the threshold $50,000. is sounds more like what a professional white-collar worker makes. >> it's a big jump.

what he called statism state control of the economy, state control of society socialism communism -- ism it was the american variant which had a relationship he thought to the other was regimentation. in essence the economy would not hear free economy simply regulated by government as umpire which hoover said was his crutch but it would become a top-down managed economy with government dictating to business or even the hating as leader of business organizing business. hoover argued that properly regulated individualism was the proper alternative to what he called sheers socialism. >> host: so he is thinking about communism in russia which he deplores. he was not for recognition of congress russia buddies also complaining about regimentation in the new deal which is related to what we would call mandates, unfunded mandates for example, too many rules. it would be too much state control. i want to move briefly because it's very important to you and your own career and the art of working on hoover. you are from new england. he went to amherst college where hoover didn't go but coolidge did.

was importing more commodities than they were manufacturing products, manufacturing is flat all the isms are flatter, a bit down, yet commodity imports were going up. so they did have excess inventories and i think this is gearing the market a bit. but again, i think it's an issue, but i don't think -- i think things would be worse both in australia with the aussi dollar and globally if there was a sense that this was going to be traumatic. >> the aussie taking it on the chin down, 1.6% today, but it has rallied off the lows. what is your outlook for aussie dollar? it is stuck between domestic issues and chinese growth. >> i refer to the aussie as the run-up currency. based on chinese growth and driven by manufacturing production, heavy industry, a lot of commodities demand, you know, it's clear from what the rba is saying from the numbers coming in this is no longer going to be the case. and the issue for australia is can they find enough demand outside of the commodities sector to grow at its potential growth, and the answer is yes, but the needs and exchange rate is much below 90. we

could his isms were leveled to some degree -- criticisms were leveled to some degree.u want to act positively to prevent in as many cases as possible somebody like a bernie made up or even lesser through anylipping cracks. the reforms you just referred to agency,a much stronger the system of tips, complaints, and reviews, essentially making sure that when somebody in a regional office or one of our examiners get up -- gets a bit of information, that it gets to a central place of real time and gets to the right people to investigate it and track it down. >> you touched on one i want to ask you about. encouraging greater cooperation about insiders. it is similar to those used by criminal law enforcement -- these agreements provide the insiders who communicate truthful evidence and they will be eligible for up propolis will -- a possible reduction sanction. beyond that, why do you think you can work for a corporation and was a blow and keep your job even though the government says they cannot touch you? >> there is a catch in there, but it does not say that you can keep y

weeks ago when i was on your show, there are a couple good indicators we had gotten like the mpis and isms. we got out of that weather funk, we western sure if it was weather or a weak economy. we got good data, it followed it up since then, today they said all those kind of thing, it's not perfect. the economy is getting better, enough so, so we don't need to have these emergency kind of monetary policies. >> you can't have an emergency five years after the fact, the emergency has been over. no one is going to understand what yellin's forward guidance is. she's goent 20, 30, 40 jobs regulators. whatever, investors know ratess are going to go up. so my question to you, peter costa, is how do you invest knowing that rates are going to go up? >> don't be afraid. >> right. >> don't be afraid, whatever your investment portfolio looks like, and you're comfortable with it. i this i that, you know, longer term, with a little higher rate, interest rate environment, you are still going to do well. you have the quality companies that know how to manage and in boit both environments, they will contin

we had a good ism in manufacturing, maybe nobody paid attention to it because of the ukraine.also had a pretty good personal spending and income number. nobody paid attention to that. the economy is growing at 2.5%. labor profits are so low, i don't think this long cyclical rally is over. >> i don't think it's over. we're certainly do for something of a correction and we're getting one. but two things, there's always somebody out there protecting the end of the world particularly on wall street. and he's historically been wrong. if he's right, it isn't going to matter. it's always been good to ignore that guy. second, i read a report that showed that markets dipped prior to these military engagements pretty consistently. think about to desert storm, think back to several other examples. markets will dip in anticipation and once things actually get started, markets rally. i like your advice, that we should be patient here. but typically the time to buy if you're looking to buy on the dip is advanced. >> maybe that's going to be tonight. maybe not. zach karabell, mr. buffett als

not all great but a little bit better, particularly the chicago pmi, the ism, the new home sales. i've been more encouraged. people looking for laggards. i don't think cow can say broad based by the financials. i think you really want to be stock specific. so we took gains in morgan stanley but we actually just bought goldman sachs today. we have owned bank of america. we like jpmorgan. i think those are good. i think the insurers have actually lagged like hartford and aig. interesting name at this point. the industrials, they, too, have lagged in general but i would look to a honeywell which just reiterated numbers yesterday and is trading at a discount to the group and emerson also has been trading at a discount. i think there are pockets in each sector that you could be buying. i think you have to be doing very much stock-spescific homework. >> the theme of our show today is trying to find value in the markets and speaking of that a little bit later woo we're going to hear from another baron's tom 100 financial adviser. it's great to have this gentleman with us. he's going to s

relationship with all of them.w je these guys, with theirnshi reputation, i went with them and there ism one going to be ai to challenge their report if they come forward. c my feeling is, although you didn't ask, unless those two people they fired comes forward and said he told me to do it, i that doesn't happen, this is the beginning of the turn around. karl rove said, you can emerge stronger from this and hethis could -- maybe this was his check. hey, i got to keep the temper in line. i got to not act like i do everything perfect. i have to have a little humilitt in everything i do. the mid terms are still eight months away. i think he could turn it around. i see him sitting on the stage with the debate and having a legitimate shot to get the nomination. >> the bigger issue is how he'sh treated members of the republican party and how he spoke out against the tea party and libertarians and others. the way he treated rand paulnd when he asked him to have a beer wasn't the greatest. i think that's are bigger problm for him inside the tent, getting the support of the republican party back

we would look at date and ism and construction spend something concerned about. a little bit of a bright spot. if we didn't have ukraine deteriorating over the weekend i think market would be highing. >> absolutely. vix is pulling back from the highs of the session. james thank you very much. >> thank you. >> for more i'm joined by the u.s. ambassador to ukraine, william taylor. thanks for joining us, ambassador. obviously you have a plan for the region having spent so much time there. you are laying out a plan of action. you think ukraine has to exercise restraint. why? >> i do. i don't think president putin is thinking about this reasonably. the ukrainians need to give him some ability to back down. the ukrainians will fight. if president putin sends his troops across-the-boarder from russian to ukraine the ukrainian military will respond. i think there needs to be diplomacy. there needs to be reachout on the part of the ukrainian government on part of russians to the east to demonstrate there is no threat to russians in the eastern part of their country. melis

be another med runs the mochas then it is true that we are on the real threat that will tour to an ism but fortunately in one person. opinion so well so sad at the end is two shows in tokyo are still strong to prevent turkey from you know well falling into the trap of wealth or third in ism that's why this is the thread we have been actually getting personally i'm right not able to talk to you and criticize the government of course but on the pressure of my colleagues and for miles our body john was right all about from the country and for to my was in the i was expelled from the country for example so we're on the pressure you know is. losing tokyo shouldn't be and it will not be that easy well if you thank you very much for your time unfortunately we have to rethink area my flag and to our viewers please keep the conversation going on on twitter you tube and facebook pages all of down are still open and operating in russia and i hope to see you again same place same time here on worlds apart. well should. we take you to the bits internal but he says moscow's fine if i just put that l

the first ism number, the one that beats the 18 sectors surveyed and 14 said they were heavily affectedhink it will be the weather. that push-pull with the domestic story and china and ukraine will still go on but i'm negative stocks. >> jeff, your perspective? >> in my perspective, jimmy's right long term but steve is spot-on. the russian situation, that is what the global correlation and we are seeing in the markets, look at what happened to the nikkei, down 3.5% overnight. people are skittish. we close anywhere underneath the 50 day moving average, folks rethink their global exposure and you will see sellers come out. >> gentlemen, have a great weekend. let's go to dominic chu for a market flash. >> check out shares of cisco systems. in a regulatory filing, the company is investigating possible bribery in other countries. the stock is still down towards session lows. back over to you. >> dom, more snow, more snow, really? say it ain't so. but it is. those on the east coast and in the midwest, get ready. we have the forecast next. >>> plus, jane and wine. what a great combination. >>

you read some of these reports for march, look at the ism report and read that carefully. it's surprising how many positive commentary we had from the respondents. they published what they are saying. i was quite surprised to see people saying business picked up significantly in the second half of february. we're trying to hire machinists, businesses better than expected. there was a whole litany and i put it on my trader talk blog and said pay attention to these kinds of stories because this is an indication that business is going to pick up. >> this could be good. i want to come back to that point and go to cliff again. cliff, i think people are continuing to underestimate profits, okay. and i've got a couple of charts to put on the full screen. it's going to be on the wall. i think it will make the full screen. this is from my pal, jason trener, but i've seen it elsewhere. profits are not going up simply because of buybacks, i'm sorry, that's not the deal. profits are going up because labor costs are as low as they've been. check this out. i hope you can see this on the

we got better pmi and better ism. nonfarm payrolls were better. march is probably going to be even better. so that means rates go higher for the right reasons. that means you own cyclicals. and i would say that the groups that are the cheapest are financials, energy is also a very cheap sector. those are the two sectors we've been buying. and in some industrials. i think, you know, we've been on the industrial bandwagon for a long time. i'm not chasing them here. in fact, we're taking some off but they still are part of the cyclical story and what you want to buy into this environment. >> doc, is that the key here, the financials? this could be a breakout week when we look back, that if the financials get going, for real, that that could be the catalyst we're looking for for this leg. >> yesterday on the "half time" i think steph, pete, and i always said a financial stock is our final trade. whether it was aig or state street or whatever, we all picked financial stocks. and they have continued to perform here. i think they will still continue to p

here's today's read on ism servicefuls data, weaker than expected.omy really look? what does this mean for the february jobs report that comes out friday? let's bring in morgan stanley's managing director and chief u.s. economist, formerly the director of the federal reserve board's division of monetary affairs, old friend vincent reinhardt. i want to get to this weather stuff in a minute. we have viewers out there. in your opinion, what are interest rates going to do? i want to start there. people worry about their mortgage rates, their car loan rates, the credit card rates. they don't see the fed in the way we see the fed. it's really a direct interest rates. what's your forecast? >> last time i checked, janelt yellen is going to go lower for longer. she will dover that about rates have fallen so far this year, that means in real terms. monetary policy was tighter this year than the year before that, and that would be the reason to tighten. if the fed is not tightening anytime soon, longer-term will move up only slowly. we're benefiting from the fl

manufacturing, ism in an hour and jobs numbers coming up friday. in the 2% range. germany right now, among t

i think that's high given what we've seen this week from adp and the ism. >> under 100, i think people -- yesterday people were saying if you had high double digits, that wouldn't be a surprise. they're parsing it closely before we even see a number. >> the ten-year is -- what was it, over 2.7% at this point? 2.733 the%. stocks rallied earlier, finished a little off the best levels of the session on thursday. s&p climbed to another all-time high. up another three points to 1877. the dow finished higher, adding 51 points to close at 16,421. the nasdaq, though, lost six points on the day after setting a 14-year high earlier in the session. but just seeing 4352, when we've had -- it's been so long since we hit 5,000. there was a time when i thought that, you know, i was hoping that i'd live long enough to see 5,000 again on the nasdaq. now who knows. can't guarantee it. but we're -- >> i think you will. >> you think i will? >> yes. >> singularity. i may be on -- >> i don't think you'll need the singulairty point. >> i may be on a floppy disk, which you have to be careful saying. >> right.

ism manufacturing. let's look at a data check. futures are -18. all10 year yield has been over the place which is a good barometer of linking the ukraine to the market with equities and bonds. nymex crude and brent are elevated. on to the next screen -- the vxx 14 and the ruble 36.49 and brent crude again. that is the big change from friday. oil is really on the move. to see somearting response in the market from the tension in ukraine. f everyone ignored it last week. >> if you look at the front page, it is more focused. >> it has to do with the ukraine. both the financial times" calls it the russian creeping invasion. they received permission from the russian parliament to send troops there. there has been no public remarks. we know russians are active fighting -- are occupying airports. they have troops in crimea which serves as a departure point for russian ships. the response from the international community has pretty much been widespread condemnation. john kerry is on his way to kiev and the president is weighing sanctions against russia. j

there is one more report coming out in about a half-hour, the ism services report, and their economistsare 53 .5 ing a drop to february from 64 in the prior month. i will be a key number. >> thank you. we're on the markets again in 30 minutes. let's count down the top 10 but the only traits you need to know about. and xomawith number 10 as they said they would hold studies of a new arthritis drug saying it was not effective enough cap they've been neutral.d from fuelcell is gaining. >> number eight, canadian solar shares on june after the solar equipment maker reported fourth-quarter earnings that missed estimates. they also issued a disappointing revenue forecast for the quarter due to longer shipping time to japan and the u.s.. >> number seven, barnes & noble 55% in the last month has put it in the most overbought stocks in the russell 2000. last week they posted a $62.3 million third quarter profit and they plan to introduce a new nook tablet. six, engine-maker navi star reports lower sales to the military. five, topping estimates, brown-foreman with sales object daniels -- jack dani

later, the ism nonmanufacturing index is expected to fall to 53.5 from february, down from 54 in december. and then, watch this at 2:00 p.m. eastern time. we're going to get a feel for the current overall economic conditions in america with the fed's beige book. you know, just because of the color, i never thought -- can they come up with a better name? >> beige book? >> i don't know. >> it could be taupe. i'm sure it's interesting. something more -- >> alliteration]. >> beige is so boring. >>> u.s. secretary of state john kerry will be meeting with the russian foreign minister today. the first face-to-face meeting. >> did he have a name? >> john kerry is his name. >> sergei lavrol. >> the two top dip low mats since tu crane crises ka lated. sergei lavrov speaking earlier today to reaterm his country's position. >>. >> i'm ex as perforated with that. i love cate blanchett. anyway, check out the futures this morning. what a day. every time you thaw it was goth was going to pull back, it didn't. the s&p on a relative basis seemed even stronger. we needed to get back. i think we were 10 belo

both sides of the spectrum i think it's just a myth the republic because we preach karsa to tional ismd individual liberty and as part of their playbook though they don't implement it they see as a threat on our right i think we're a threat to both parties but you know there are a lot by then let me ask you this i know that the that the libertarian party of ohio is pursuing a separate case concerning libertarian attorney general candidate steve linda berry whose petitions were also disqualified by the secretary of state i understand for similar reasons how easy is it for those big parties to work the system in a way that at the end of the day people are left with only two parties yeah it is easy for them first of all in ohio for example the g.o.p. controls super majorities in both the house and the senate all five constitutional officers and a majority to supreme court which is most people know our elected so that means they have almost absolute power and lord acton once said that power corrupts absolute power corrupts absolutely and also i think this sets a paranoid you have the power

believes what china does is an effect of common-ism -- >> no, i do not believe it is communism. in name only. >> well -- >> the lady who raised the issue of rule of law, i think for government, the first thing a government should do is divide better and better living conditions for the people. especially for developing countries. situation is much more different from the united states and some european countries. the first concern of the people is today day we can have a stable life and tomorrow we can make more money to make us to have a better life. law is anrule of instrument, a toll for that purpose. we have a myth that democracy have a lot ofe problems. i do not need to mention. and the united states. we can see they have a good economic model, but there are a lot of bad economic impulses in the world. those people while living in those so-called the mechanic countries, and we call it the rule of law, the lives of the ordinary people, of poor, and no one wants to live there, including the united states, and the chinese people. so we must take china and take currenttory, the

some weak numbers. 80 p and i is and services came in week but it is really all about the -- adp and ism services came in week but it is really all about the numbers. compare that to last year when we had a lot of pink on the screen and it was a lot warmer. everyone on wall street is going to start with this number today. they want to know how many people were unable to get to work because of the weather -- 300-9000 the average for a rubber worry. we will find out how much worse was it than that. how much worse was the weather in this month than normal? was it worse than seasonal adjustments anticipated? or is there a nonrelated weather hiring underway? and did a lot if you will drop out of the labor force because they lost the unemployment benefit? >> ok, so mike, if weather plays a big role here, then will it not reversed when weather warms up? >> that is what a lot of people are hoping. 1996, a huge january snowstorm. initially reported at 200-1000 jobs lost. -- 201,000. the following month had a big bounce back. the magnitude remains a big impact on the markets. we could see that aga