jim glassman, this goes to the real economy.get so much mail saying jim glassman has it wrong, it's not getting better, we don't feel it out here, out there. why is that? reminds meeople, it particularly in many parts of the economy, it is like being in new orleans when mississippi is flooding. it comes to you last. look at the stock market. when the market is at an all-time record high and businesses are generating there isl profits, steady progress, but i don't think people feel it until it is touching them. >> if a multiplier effect in place and things will improve. >> they are slowly healing. we are only in the fifth year of recovery. we may have another five years. there are a lot of people not touched by this yet. >> jim glassman. so-called admission rate will surprise you. ♪ >> new york could barely sleep last night. the yankees won. >> we're so thrilled. it means we will win the world series. beautiful april morning in new york. the reds are red because the red sox have opening day at fenway. our 29threat view from floor

jim glassman is senior economist at jp morgan chase. okay jim, let's dive right in. what do the numbers show? >>they show the business community is becoming more optimistic. they are very optimistic about their own business and that optimism is improving. it matters a lot what the optimism in the business community is because they are the ones that make the decisions to expand business, to build capacity, to finance capital spending projects. what this is telling you is that if new life is coming to the small and medium sized business community which is what our survey is showing, then that means the recovery is really broadening. so i think it's quite promising. >>in terms of being optimistic, what does this mean? a business person will hire more, raise salaries, have capital expenditures, buy more inventory? >>yes. all of that. it's forcing them to think about what are their future needs. when you're forced to think about your future needs and you're convinced that the economy is expanding and recovering you need more capital projects and you have to get financing

well, under judith mchale and perhaps before her, the idea was developed under jim glassman that you would have the public diplomacy for deputy i assistant secretaries. they are in their regional beings as policy is developed. it is unclear whether they are in the key meetings yet. the real meetings at crunch time where they -- go back to what i said about the interagency working group on public diplomacy. as soon as i arrived, i had an early meeting in one of the situation rooms. i said, hey, we meet theodically and talk about tools of to medication, the channels available. were not talking about public diplomacy dimension of the issues the deputies are wrestling with and teeing up for the principles and the president. i said, why don't we have an interagency policy meeting that feeds the perspective into what the deputies should think about in terms of public diplomacy as they are wrestling with option a, option b, option c, recognizing that any time he gets to the deputies or particularly the principles, all of the good options are gone? they looked at me like i had two heads. rea

we will be joined by jim glassman.oomberg surveillance." ♪ >> this is "bloomberg surveillance." i am tom keene. hain celestial is a whole foods company. the beef is free range and free to roam. you have been hugely successful with upscale. can you go down skill? can walmart sell organic? >> they said 94% of their -- consumers would buy organic if it were available to them and affordable pricing. thebig thing is availability of organics. there are 4400 walmarts out there. buy think the consumer will it? if they have the choice, i think so. of a discount doesn't have to be? you have to shave off 10% or more? a 10% to 15% higher price right now. i say the consumer still will pay 10% more for an argument product because it is a much better product. there is no genetically modified ingredients and there are no pesticides. the concern is -- does walmart want to make it a football? >> when you look at the uproar , how impinged in hain celestial is america? >> great question. if you look at genetically modified ingredients, th