. >> right, what do you make, jeffry of the fact that they're so confident about this. they have completely abandoned this previous search area. those green dots there on the screen. and put everything into this new spot. what does it say about this data that they have gotten about the plane's speed and the assumptions that you mentioned? >> well, originally they're working on very rudimentary data. originally we have an airplane that turned the transponder off that became invisible. we're working on military radar data which was incomplete and in some cases we didn't get it from countries it supposedly flew over. or was not made public. and then we're working off a ping off the sat com system. we have been working with some very rudimentary data. clearly more intelligence is flowing through, more cross-referencing is being done, we're working with a situation where some countries are not necessarily willing to give over their data or make it public, but that is possibly changing as more pressure is brought to bear, but we have to find this airplane and we have to find

jeffries is cheaper than that.hat can you invest -- where can stake of the consumer products company at five dollars less than value? >> blood on the street. >> also, jeffries is the one who helped design and structure harbinger, so they understand what is behind the company. c -- as a lot of that lot of badc chi around him. people love to hate on phil. i don't know if he wants 2 people sitting on top of them, but it is a good move. >> yes. >> all right, there you go. now.ng at $13 right six dollars not that long ago. harbinger group, cell phone cohn in the news for a positive. don't see that often. asheville folk own entities for a positive. don't see that often. >> you don't see negatives for gm often. now the ceo, mary barra, comes side andproduct briefly ran hr, is in a bit of a hotspot. today's news about toyota has not made her job any easier. we will talk about that next on "market makers." ♪ >> i do. gm chief mary barra might've thought she needed a few months to learn her job on the ropes. the company had

jeffries. >> thank you. let me think the witness for her appearance here today. in an earlier exchange, a statement that was made by you, i believe you interrupted, but you are beginning to make the point that there are many proposals contained within the president's budget that are designed to help spur economic growth. there have also been actions taken i believe irresponsibly by this congress over the last 14 months or so. they have limited the ability of the economy to continue to take off. a reference was just majoring the previous question to the notion that the president's economic policies have failed to create economic growth. am i correct that during the last 47 months, 8.5 private sector jobs have been created? is that an accurate statement? >> there is still significant effort in order to completely turn our economy around, particularly for working families and middle class folks. the wealthy sin to be doing pretty well. doing pretty well. in order to move forward, the thing we can agree should happen is congress needs to stop affirmatively doing thin

jeffries. mr.jeffries: i thank the distinguished gentleman, representative horsford, for his tremendous leadership for anchoring this special order and the advocacy that you have provided to the people of the congressional district you so ably serve back home in nevada and people across this country. it has been an honor and privilege to serve as a co-anchor during this c.b.c., this hour of power, where for 60 minutes, members of the congressional black caucus have the opportunity to speak to the american people about an issue of great relevance. today as you have heard, we stand here on the floor of the house of representatives to celebrate the role that women ve played throughout the tapestry of the american people to the beginning of the republic to where we stand right now in 2014. representative barbara lee spoke moments earlier about the women's history month theme involving courage, character and commitment. and as i reflected upon that theme, several individuals came to mind. certainly when

jeffries raised the price target to 110 from 100. they have a buy rating on united rental.am: nicole petallides thank you. cheryl: edward snowden breaking his silence via satellite at southwest by southwest conference. >> the nsa, global mass surveillance, targeting all these countries not just the u.s. important to remember this is a global issue. they're setting fire to the future of the internet and people who are in this room now, you guys are all the -- cheryl: just to explain the technical difficulties, tamara holder. he was using seven different proxieses to get through because he didn't want to be seen. that is why it was such bad video. tamara you said he is an idiot for doing that today. >> i said that before i watched it. as a lawyer, i thought he was an idiot to go on tv and or speak via videoconference and talk about his at missions if you will. but after i watched it was really interesting and very smart to see what he did. he was speaking to a group of technology experts, not a group of policy individuals or other lawyers. so he kind of avoided his involvemen

>> well, i think ambassador jeffries suggestions are great, and i didn't mean anything by my earlierggest that we shouldn't be doing those things, it's just that those things are not going to immediately aspect the outcome in ukraine. certainly nato has the capability of increasing readiness. moving forces around within nato, the united states itself could move forces from the united states over to europe, but these things are going to be one and done type steps for the immediate future. there's not a lot to back them up. last year we had sequestration, this year the united states army really has one or two brigades in the homeland that are deployable beyond the ones that go to afghanistan. so we -- and i think everybody understands that, including the russians, whatever we do, it has to be something that seems credible. >> thanks for joining me. i appreciate your expertise. >>> we're going to take a short break, when we come back, we'll have more on the ground with ben wedeman. [ male announcer ] a body at rest tends to stay at rest... while a body in motion tends to stay in motion.

jeffries says any selloff you see here in aol is really a buying opportunity.ank you very much. sandra: thank you, nicole. s&p 500 futures closing in chicago in seven seconds. let's get back to todd horowitz. he is in the pits of the cme. todd, what are you seeing? >> we're going to close on our lows of the day here, down about 17 points in the s&p. i think you have got to watch 1840 in the cash as the key level. if we hold 1840 we'll stay in the 1840 to 1880 range. if we break 1840, look at 1800 on the way down. sandra: i love that kind of color from the raiding pits. i miss you in chicago, todd. >> we miss you too, we like her here. federal reserve rejecting to capital plans of five banks. hsbc, santander, citi, rbs and zions bancorp. what do you think of citi by the way? >> it's a shockomes really as a surprise, the company fails two out of the three previous years they have done the ccar. they have failed on both qualitative as well as aspects in terms of dividends as well as buyback. they, you note that b-of-a had to resubmit in terms of their capital dist

credit suisse, bmo, and jeffries acted on this deal. the next is akeefeya therapeutics, another biotech. a strong listing up 36%. speaking of newly listed companies, xone went public last year. shares selling off after it reported its surprise quarterly loss. now, in response, 3-d printing stocks have been getting hit. analysts also worried about heightened competition from the likes of hp. hp at the company's annual meeting yesterday said it declined to enter the 3-d printing market. now, broad-based gains for act mai, seagate, netflix. now, technology does historically outperform in a rising rate environment. traders keeping that in mind after what yellin said yesterday. sue? >> perfect segment. let's see what the bond market traders down there at the epicenter of the rate debate think about what's going on today. ricky? over to you. >> they think a lot different than anything i've read in any of the newspapers, i'll tell you that. 30 years are unchanged for the last 24 hours. which takes you before the fed's statement. let's look at

jeffries: let me thank my good friend, the distinguished gentleman from the badger state, for yielding some time, as well as for the leadership that you have continued to provide week after week in the context of this congressional progressive caucus special order. and on behalf of the people that you represent. and indeed people all across america. in bringing issues to the forefront that we in this house of representatives should be dealing with in order to improve the quality of life of everyone who we represent. unfortunately i stand today on the house floor again finding myself in a situation where the only obstacles to progress is the house g.o.p. majority. once again we are placed in a situation where the american people could stand to benefit from congressional action but because of objects nance and obstruction on the other side, you've got close to two million long-term unemployment -- long-term unemployed americans who find themselves in a distressed financial situation. now, earlier today we were informed that a bipartisan agreement was reached in the senate and hopefully t

dow now down just 14 points, and joining me here at the new york stock exchange is sean darby from jeffriesike this market? there still seems to be some boyians in the market. >> this has absorbed geopolitical risk, fiscal ceiling debates, a severe winter. >> is it because of the continued morphine drip from the fed though or is it because the economy is actually getting better? >> we think underlying earnings may be starting to pick up which is the signs we made some inflation longer term. most of the u.s. economy has been able to absorb a pretty big hit from the fiscal contraction over the last year, and the banks are in great shape. i think there's only one place in the global economy and that's the u.s. >> do you invest now anticipating that long-term inflation? are you buying things that you expect to benefit from higher inflation? >> i guess the best way to look at it is you want to be paying companies that can benefit from the operational leverage as the economy is picking up and can absorb any costs inflation coming through. so cyclicals, large-scale industries, tech. that's the sor

>> well, look, we've been at jeffries, at least certainly in the strategy group have been pretty defensive a long while. largely because we believe the developed markets have engaged in a competitive devaluation. what is qe? printing dollars, what have we done, the japanese done, the europeans done, the brits done. we've devalued them. and that's creating growth in developed markets at the expense of growth in emerging markets. and that's why emerging markets hated qe to begin with. the brazilians were always upset, the russians were always upset. and i think that story is a very low-frequency story. it's going to happen over quarters and years, not over days. and while we've seen a nice little pop here at the quarter end, it's back to flat on the year after being down, i think, 5% or 6% at least the eem. i'm not that excited about it. i think a lot of these emerging market countries have been in a bull market for 15 years, they devalued, became the cheapest places in the world to invest and set up businesses, now they're pretty expensive and need to devalue. and the last thing you want to

. >>> jeffries says that at-home 3d printing still a long way off.se. >>> now we want to move over to chicago and cme group and rick santelli. rick? >> thanks, sarah. i tell you what, yesterday what's notable to me is some of the magnitudes of the yield curve moves, some of the counter intuitive aspects of the moves are really quite breathtaking. real quickly. let's put a face on it from two different directions. the low yields or the year and all maturities were on a closing basis, february 3rd. okay? here were those closing yields. okay? we had 62, 144 for the fives, 258 for the tens, 353 for the 30 years. now, what i find fascinating is, let's look right now where we are and how much difference there are in the yield curves. right now we're 90 basis points. 28 basis points higher than the low yield close. for five, 27 basis points. ten, 19. for 30, only 11. here's what really gets fascinating. if you looked at where yields were right before 2:00 eastern yesterday when the statement was read, how much has it moved from where we're at right now? thr

jeffries: i thank the distinguished gentleman from tennessee for yielding. madam speaker, i rise today to in opposition to a bill that could perhaps more appropriately be called the failure to execute our legislative responsibilities act. this bill is a legislative solution in search of a problem. there is no evidence, there is no basis, this is no way to rationally conclude that the president of the united states has breached his obligations under the law in a manner that's inconsistent with the constitution. now, i recognize, madam speaker, there are some individuals in this town who believe that the president of the united states broke the law in january of 2009 when he first took the oath of office. but there's no room for hyperbole or for hypothesis or for hysteria in the legislative process. this matter is another diversion from the business of the american people that we actually should be doing. we stand here again today wasting the time and the treasure of the american people. we should be dealing with comprehensive immigration reform, but house rep

jeffries is in the wall of shame. just kind of feel like -- >> still. >> also like mason fashion -- fashion backward comments about -- >> yes. >> -- people and just left me cold. i don't know about how you felt. >> i didn't really focus on them as much. >> just put it this way, they were not politically correct, how about that? >> yes, i do recall that part of those comments. >> one thing h&r block, the average tax refund so far this year $3,034 up 3% from last year and 48 million of americans already have it in direct deposit and i wonder how much of that is going to go to a cash register in the next, i don't know, four to six weeks. >> spending power. i had pinnacle foods on, birdseye and duncan hines. and no one is talking about the obamacare pushback, in other words, that obama pushed back the regulations for small business, maybe they started hiring. >> the anniversary of the payroll tax increase, does that start to help in a way? >> i think so. these are all positives and you might say that they are -- >> whatev

. >> jeffries says that hydraulic fracturing would be a $1 billion a year business to water companiesd, guys, if there's enough water. back to you. >> thank you, jane. >>> bitcoin exchange mt.gox has found 200,000 bitcoins in an old format wallet that was thought to be empty. which brings us to this morning's squawk on the tweet. what else is in mt.gox's for gotten digital wallet? we'll tell you when we come back in just a moment.a we only know one direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ i just ah woke up today and i said i need something sportier. annnd done. ok m