jim o'neill. >> alex ferguson. manchester united. >>> on deck, could facebook actually lose 80% of its users? a princeton study says it's possible. does that mean it's time to get out of the stock? >>> later on, small cars getting crushed in recent crash tests. is your make safe? stick around to find out. [ tires screech ] [ car alarm chirps ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze, and recondition each one, until it's nothing short of a genuine certified pre-owned mercedes-benz for the next new owner. [ car alarm chirps ] hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through february 28th. over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia and the southbound bus barreling down i-95. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had the power to do more. dell is honored to be part of some of the world's great

the problem is what went back to the whole thing a great interview with jim o'neil.these indexes emerging market are weighted to china heavily, and so you've got china brazil axis back to the jim o'neil ten years ago. we need new ways to look. a brilliant series on the mints. new opportunities coming out you've got to look at. >> and talk about nigeria later in the show. >> love that discussion, with jim o'neil. >> and nigeria today, turkey tomorrow. bob, thank you. >> get away from the tyranny of china. from hooking everything to chine nanchts i'm not sure therapy getting away for the tirn of china. mandy wore our super eagle green. nigerian soccer team just for the show today. guy knows everything. unbelievable. >>> bring in wells farc othin w adviser. and stretching, while you came to a camera. what's your take on today's drop? >> brian, you need to put this into perspective. we had a 30% run higher in the s&p 500. people are looking for excuses to take money off the table. all the issues that came up today. chinese pmi. other emerging market issues. those are not

which even jim o'neill subscribed to.ime it leads you forward. >> you would think a fundamental guy would set them aside, he's clearly watching them too. >>> the facebook/pinterest hybrid for the home renovation lovers is going global. we'll talk to the house ceo at post nine about what the expansion means for the site's 16 million monthly unique user when "squawk" continues. mine was earned orbiting the moon in 1971. afghanistan, in 2009. on the u.s.s. saratoga in 1982. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new tit

former goldman sachs chairman jim o'neill will be on "street signs" tomorrow.an who coined the term "the bricks." brazil, russia, india and china, the most talked about emerging markets for years until now. because the new buzz term coming in today, it is mints, mexico, indonesia, nigeria and turkey. each day this week, we take a closer look at each one of these economies beginning today with mexico. pump your fist in the air. good stats on the economy of our friends to the south. >> but not -- >> you mixed like eight metaphors there. >> i really did. as we are talking about mexico, the biggest story right now is the peso. the value of the u.s. dollar is up about 6% against the mexican peso over the past six months. but you heard bill gross right here on our show the other day saying he thinks pesos are muy caliente. >> we are like the mexican peso. it's a relatively strong economy. it's got half the debt of the united states. the peso has gone down but has stabilized and basically yields on a cash basis about 5%. it's not a bad dollup. >> the imf expects gdp g

jim o'neill is still with us.s interesting they said they were hurt by the debt ceiling in the fourth quarter. do you think there will be many others that will share that? >> when you look at the macroeconomic data, it doesn't look like there were big effects. but i think government spending will be down in the fourth quarter. certainly there were some shutdown effects in there. overall, it looks like gdp growth in the forty quarter was at least 3%. right now, my forecast is 3%. if anything, the numbers might be adding up stronger than that. that comes after 4% in the third quarter. but i'm sure there could be individual cases. from a big macro perspective, it's not obvious in the numbers at all. >> the key here is it was interesting, down 6.7%. how much of that is around the participation rate? and then how does that feed through into any point soon anybody being able to ask for higher pay? >> well, i mean, that's been an ongoing debate. to the extent that the drop in the unemployment rate may have been exaggerat

now, democrats held a 53-vote majority in the house, and speaker tip o'neill and majority leader jim wright were confident they could thwart the president's plans for massive reductions in income tax rates which they believed unfairly benefited the rich. finish reagan's job approval rating was 59%, the lowest of any president at such an early point in his presidency since such surveys had begun in the 1940s. and on the very day he was shot, roland evans and robert novak had a syndicated column published that was headlined the reagan honeymoon is truly over. but a month after ray taliban was shot by a deranged young man outside a washington, d.c. hotel, they conceded the democratic-controlled house would have no choice but to pass reagan's tax cut agenda. the shooting had made reagan too popular and too great a hero with the public to refuse his request. reagan had displayed what kennedy himself quoting hemingway had defined as courage. grace under pressure. most americans did not be realize and is still do not realize how close reagan came to dying. he lost more than half of his bloo

democrats held a 53 vote majority in the house and speaker tip o'neill and majority leader jim wright were confident they could thwart the presence plans for massive reductions in income tax rates which they believed unfairly benefited the rich. reagan's job approval rating was 59%, the lowest of any president at such an early point in his presidency. and on the very day he was shot, rowland evans and robert novak had a syndicated column published that was headlined the reagan honeymoon is truly over. but one month after reagan was shot by a deranged young man outside of washington, d.c. hotel, they conceded the democrat controlled house would have no choice but to pass reagan's tax cut agenda. the shooting had made reagan to popular and too great a hero with the public to refuse his request. reagan displayed what kennedy himself quoting hemingway had defined as courage. grace under pressure. most americans did not realize and still do not realize how close reagan came to dying. he lost more than half of his blood, and the bullet entered his chest came within an inch of his 70 year ol

the speaker, jim wright was the majority leader then, and by understanding is that jim wright urged and convinced o'neill to basically gavel it through. basically say, you know, the house constitutionally is the final judge of its members, we're the majority, bang, we're seating our guy. and the thing is up until that point the republican minority in the house had been, they'd been in the minority for 30 years, 15 consecutive elections at that point. they were a pretty docile group. i mean, they just basically lived off the crumbs that the majority threw them -- [laughter] and that with very but of them having any realistic hope of ever being in a majority unless they changed parties. this seating of mccloskey over mcintyre and sort of the brazen, arrogant approach to it, it so enraged republicans that some of the most moderate, mild-mannered republicans in the house went crazy. good example, nancy johnson, a moderate-liberal republican from connecticut. and that led to the rise of newt gingrich, kind of pushing aside bob michael who was kind of the get-along, go-along old school republican leader. you k

the speaker, jim wright was majority leader then -- and my understanding was that jim wright urged and convinced o'neill to basically gavel it basically say the house constitutionally, the house is the final judge of its members. we are seeking our guide. up until that point the republican minority in that house had been in that minority for 30 years, 15 consecutive elections. they were a pretty docile group. any very few of them having realistic hope of being in the majority unless they change parties. of the one over the other, and the brazen, arrogant approach to it, it is so -- it's so enraged rep up against that some of the most moderate, mild- mannered public and in-house went crazy. moderatenson, a liberal republican from connecticut. that led to the rise of newt bobrich and pushing aside michael, who was the old-school republican leader. newt gets in. jim wright becomes speaker. he goes on wright on ethics stuff. warfare develops. i do not want to put all the blame on democrats, but that is where sooner or later maybe this would have happened, but that triggered it. it was mostly in-house of rep

the speaker -- jim wright was majority leader then -- and my understanding was that jim wright urged and convinced o'neillbasically gavel it through, basically say "the house, constitutionally -- the house is the final judge of its members. we are seating our guy." up until that point the republican minority in that house had been in that minority for 30 years, 15 consecutive elections. they were a pretty docile group. with very few of them having any realistic hope of being in the majority unless they change parties. this seating of the one over the other, and the brazen, arrogant approach to it, it is so -- it so enraged republicans against that some of the most moderate, mild-mannered republicans in the house went crazy. nancy johnson, a moderate liberal republican from connecticut. that led to the rise of newt gingrich and pushing aside of bob michael, who was the old- school republican leader. newt gets in. jim wright becomes speaker. he goes on wright on ethics stuff. warfare develops. i do not want to put all the blame on democrats, but that is where sooner or later maybe this would have happened,

the speaker, jim wright was the majority leader then, and by understanding is that jim wright urged and convinced o'neill to basically gavel it through. basically say, you know, the house constitutionally is the final judge of its members, we're the majority, bang, we're seating our guy. and the thing is up until that point the republican minority in the house had been, they'd been in the minority for 30 years, 15 consecutive elections at that point. they were a pretty docile group. i mean, they just basically lived off the crumbs that the majority threw them -- [laughter] and that with very but of them having any realistic hope of ever being in a majority unless they changed parties. this seating of mccloskey over mcintyre and sort of the brazen, arrogant approach to it, it so enraged republicans that some of the most moderate, mild-mannered republicans in the house went crazy. good example, nancy johnson, a moderate-liberal republican from connecticut. and that led to the rise of newt gingrich, kind of pushing aside bob michael who was kind of the get-along, go-along old school republican leader. you k