joe. -joe t.: yep? lemonis: come here, bud.joe can't have a conversation with somebody without erupting, he's never gonna grow professionally. i told you when i came back for the opening that i was super proud of what you did... joe t.: thank you. lemonis: ...and that i felt like you did all the work. i don't think you ever felt like i didn't give you that credit. joe t.: no, of course. yeah. -lemonis: okay. -joe t.: okay. lemonis: the only thing that's missing is your ability to absorb information from other people. because i think it'll -- honestly, i think it'll help. it'll make people feel like they can approach you. joe t.: but i've never done business with anyone who feels that i'm unapproachable. i do well with relationships. lemonis: but let's assume that we can work on it. joe t.: but, yeah, as long as you don't stick your foot out to trip me, we'll keep moving, but don't try to trip me up. lemonis: but he may even do that. joe t.: then we're gonna go to war. lemonis: no, you don't have to go to war. what you have to d

. >> we'll see next at halftime out to the field with joe davis and jim jackson. >> joe: rob, the blizzard of 2016 pounded philadelphia more than 20 inches of snow here. snow here this weekend. but number 16 providence that storms into the city of brotherly love. they try to bring fourth ranked villanova run to the big east to a stand still. belize war is over but the storm continues for top 20 matchup at the wells fargo center. big east college hoops on fox sponsored by jeep grand cherokee. ready for anything winter throws at you. today it throws us this top 20 matchup between 16th ranked providence and no. 4 villanova. one started. joe davis, jim jackson. molly mcgrath joins us in a moment. besides all of us becoming lot more familiar with this city, we've been here few days now, how does this game getting bumped back a day affect how the teams get ready? affects the player. it enhances the moment, gives a little bit more scowing in, more bonding in the hotel. they are ready to go. >> joe: got two of the top teams in the conference obviously with that we've got some of the brightest star

joe." early morning on the first day of september, in the resort town of fox lake, illinois, police lieutenant joe gliniewicz is heading to work. he'll never get there. >> you stop down the street, i believe it's a local gas station, quick mart, that was an everyday stop for him to purchase cigarettes. >> cigarettes in hand, the 52-year-old officer drives toward the community center that houses his explorer post where he mentors teens who want to be cops. the program is run by fox lake police, and today the lieutenant must finish an equipment inventory for the administrator who controls department finances. >> he never went and did it. instead he drove past the explorer post and went to the plant. >> he could have seen something in here, maybe he thought he saw something. pulled in here to check it out. >> around 7:25 a.m., the gps tracking unit in gliniewicz's car shows him pulling in front of this gate to the abandoned factory. 27 minutes later, at 7:52 a.m., the lieutenant radios dispatc

under the federal managed apprenticeship program, brad taught joe while joe also worked in local restaurants. "it gave him credentials. it gave him a purpose." a purpose that iowa governor terry branstad will recognize during his condition of the state "i'm really excited." excitement showing each day on the job. cousins esteban gomez and joe opened los primos more than two years ago. they've grown enough to add 14 jobs. "people that are around you, they care. the good crew that we've got, without all these guys, we wouldn't be what we are today." life is good for joe these days. this father, husband and chef is finding his way. "i really believe that whatever you put into something, you're going to get the same results. you put in hard work, you're going to get good results." for joe gomez, a philosophy with a future. there are some eight thousand iowans participating in the labor department's managed apprenticeship program. stick around, we'll get another look at your forecast, after marco rubio. he ran for senate saying he opposed amnesty... then he flipped, and worked with liberal chuck

joe. >> the way that joe felt about this town, the way that town felt about joe, really came out duringfuneral because it was such a funeral that was larger than life. it was massive. >> when we were growing up, we all knew joe as a hero, but now the nation knows he's a hero. [ bag pipes ] >> 1,000 police cars join the procession. it stretches five miles. lasts several hours. and is lined with grieving spectators. >> it was a tremendous outpouring from the community. i'd never seen anything like that. >> as lieutenant gliniewicz is being laid to rest, investigators are working overtime to locate who killed him. but what they find makes things more, not less, confusing. for instance, they discover gliniewicz's service revolver 2 1/2 feet from his head between two trees. why wouldn't the killer take the gun with him? or throw it an extra couple feet into the swamp? then, there's the scattered gear at the site which makes investigators believe there may have been a struggle. but why doesn't the lieutenant's body look like it's been in a fight? what did you notice when you first saw the bod

. >> joe: it's a good topic to talk about when we come back. two-minute warning here in landover, maryland. some emotion from aaron rodgers. they're on their way to a divisional round game. >>> today's game is sponsored by the ford f-150. every other truck is history. actually, you're not. it's ford f-series, again. and, it wasn't even close. same trucks that have been leading the industry for 39 straight years. like f-150's high-strength, military-grade aluminum alloy. which helps make it stronger, more capable and more innovation. it's why f-series every other truck brand... history. back in 1965 subway's founders fred deluca and dr.peter buck teamed up with one simple mission... fresh sandwiches... i like it. the idea seemed crazy in a time when artificial foods and but roller-skates didn't make food any fresher... and mascots didn't make it any tastier. fred was right. sandwiches made with fresh veggies and delicious meats would stand the test of time. we were fresh before it was fresh to be fresh. the subway sandwich shop. founded on fresh

joe weisenthal. "what'd you miss?" higher,stocks closing s&p getting the most in six weeks. joe: the question is "what'd you miss?" the price of oil and one long-term chart. get ready for the havoc. we begin with markets. whiplash anyone? back with bouncing his much as 330 points. like it, butel stocks have rallied three times. joe: it does not feel like a week unchanged. the market fell a little bit. a little bit of weakness late in the day. theid seem like a day where gain in the futures market was raisedo be a race -- b erased. you can see how many times we have come up to this neutral line, three times at tried to break the 1943 level, can't hold it, and the klein. it -- and declined. it looked like we would rally and didn't make it. now closing off the highs of the session. technical chatter yesterday, such a big correction, such a big decline, we will see a bounceback. does this have legs? intel with results higher than consensus estimates. itemsa couple of outstanding not factored in. $14.9 bi

joe madison. [applause] joe: thank you.or more than half a century, simeon booker devoted his career to journalism, race relations, black politics, and watched the civil rights movement evolved from its very beginning and the stories that he and his fellow black journalists told and the things they encountered are chronicled in a book that he has written, a biography, and putting this panel together, the first thing that we had to do was make sure that all of the participants are alive and here with us. when you consider it has been 50 plus years, we wanted to dig deep and far and get people who understood exactly what went on. it is interesting, the national press club, the very first beaker -- first beaker as you heard, was martin luther king, jr. you begin to wonder why it took so long to have the first speaker in 1962, you could've had jackie robinson, thurgood marshall, marian anderson, the list goes on and on. pretty washington. then you realize, they did not invent the first -- invite the first woman to the press clu

joe: absolutely. grim on apple.hen you have the vicks measure rising to volatility one-month highs. almost nowhere to look at things are looking good right now. scarlet: what about the economic data? what did that tell us? today we gotoe: nonmanufacturing data and it was not nearly as bad. i want to look at a couple of components of that inside the bloomberg terminal. orders,facturing new that's the white line. not manufacturing employment is the orange line. horizontal line, anything about 50 is expansion. solid in therders, expansion territory. both ticking up from last month. it's hard to be too worried about the economy as long as there is this service number that is a much bigger component onlye economy that is not in expansion territory, but rising from the month. nonetheless, sentiment is being soured by events from overseas. taking its cue from chinese currency. i have a chart here where you can really see it graphed out for us. the red line for us, the chinese u.n.. you can really see the correlation with t

joe: the question is, "what'd you miss?" scarlet: there was one trade that worked well for investors last year. when earnings season has to do with it and why understanding that trade matters today. joe: the myths about buybacks. we look at the charts that outline why more buybacks may on the way. why early stage investors are pouring money in like never before. but we begin, of course, with the market. stocks erasing their decline. p.m., the dow:15 had fallen as much as 114 points before recovery. liking behind when you compare to the major indexes. be impressed to because it looked like it was going to be another one of these days that started good. futures overnight were good but then i got grim throughout the day and then this weird comeback. one area where people are not excited is if you are long any kind of commodity. freeport-mcmoran caught my eye. worse today in 15 years. fell the most it ever has before. it is the biggest publicly traded copper producer but it also produces oil. let's look at the underlying commodi

music joe and jeremy chroma joe need to sit down after a week like that. bengals lose - lose vontaze burfict for three games and lose their best offensive mind. jer took a flash twitter poll this week, the overwhelming reaction is, the fans like ken zampese as o-c. he did get overlooked twice, something he spoke with me about one on one. jeremy rauch: "alright ken, you've been around this team for a long time. you worked with carson palmer and andy dalton, what have you learned about what it takes to win here?" best thing about the organization is they give you players to play with." jeremy rauch: "has this felt like a long time coming for you?" ken zampese: "no. i love what i've done all these years coaching the qbs. opportunities come when they come." jeremy rauch: "we've seen andy dalton improve immensely this last season. how much of that goes back to your work with andy dalton?" ken zampese: "it's a we thing. it's a tag team effort." jeremy rauch: "will your offense look similar to hue's offense?" ken zampese: "i think coach jackson set a great founda

help me, joe. joe: i don't think so. trying to read some of the signals, but i don't think anyone has any idea in part because they changed the rules today. they had the rule in place that they would halt the market after a 7% decline. today, no training wheels. we don't know what is going to happen. had plans to put some circuit breakers in place and limit some of the selling, but now they have removed those and losses could exceed 7%. trading 30ou halt minutes into the day, the message you send is get your trades right. that causes a lot of anxiety. this is something bloomberg markets has worked on 472 times, nothing original by me. i will use the dow as a proxy. we are at the correction point for the most part. coming off a high. 14,000r market is in the vicinity. forgotten what going down mains. we are really not there yet, given the hysteria we have seen in the last 48 hours. joe: obviously, this has been a rough start to the year, but you're right. these are not gigantic moves yet. the treasury markets really have

they have a lot of exposure due was thets, but this worst week since august of 2011 .or the dax joe joe: ugly start for germany. china, thed in biggest drop for the yen. the biggest strength for the dollar. that is the biggest move since august as well. oil prices, we miss you when you $32.10y, they are up to a barrel. hovering at 10 year lows. of course we have to talk about what happened in interest rates, coming into this week we saw the two year yield above 2%. .94%.sly now, we alix: treasury strategies are hurting. scarlet: some of wall street's biggest names weighing in on the volatile market right here on bloomberg television. ♪ >> i am absolutely bullish on china this year, in the sense that they have greater ability to continue to stimulate their economy and maintain political stability as a consequence. investor should care about the chinese economy, less about the chinese stock market. when they start pulling should get it gets like this, it erodes confidence in their future growth. >> i think that the next thing that will happen is that all of the asset markets, like the tit

joe: right. so you know, google famously started doing this in 2012, but if google has to warn you about china, google is-- google search is already gone from china. so, microsoft has a lot more skin in the game. microsoft does a fair amount of business in china. and if they were to warn people that the chinese government, in this case, was reading their email, things might go badly for them in china. that's what they were worried about. jon: you know what also ratchets things up with the chinese president was in redmond. they were hosting part of it as a tech conference. joe: right. so, microsoft has--again, they've got more money at stake, it's a bigger deal for them, they've got a different model. but microsoft has worked hard to stay in the good graces of the chinese government. scott: google has always told them. does apple? i mean, apple's got a big business in china. does apple tell its users about state-sponsored hacking? joe: i don't know the answer to that. i looked mainly at internet c

joe: absolutely.ber that we talked to david levy and he predicted that for the first time in the postwar era there was going to be a u.s. recession caused by overseas things. scarlet: he tends to be negative. joe: absolutely. but the point is this would be unusual, normally we do not think that the u.s. is exposed to global volatility. it is supposed to go in the other direction, but exports have been rising and we have got more profits from overseas, so you have to wonder to what extent maybe there is an effect or the global slowdown will have more of an effect than people estimated. scarlet: what i find interesting is this time we have corporate debt. that is a whole new ballgame. >> so many company's borrow at low prices and buybacks have helped prop the market, but they will stop doing that. i will be problematic. our special coverage will continue after this break. day investors run for the doors. is a bloomberg special report live from bloomberg television and radio. ♪ live from bloomberg, i am

joe remote i'm joe danneman live at saint xavier... high school so what's it like to watch someone you know play in the super bowl? i'll have that part of the story next. sot i've been a turkey farmer my whole life... and i raise turkey for honeysuckle white . we don't use growth-promoting antibiotics, that's just the way things should be done. that's important to me. my name is glenn, and i'm an independent turkey farmer. (female announcer) honeysuckle white . no growth-promoting antibiotics, xavier high school. today we talked with luke kuechly's high school coach here... and with andrew norwell's brother. kuechly and norwell will both play in the super days. and look - everyone watches the super bowl - it'll be different this year for coach. joe live there is a cincinnati connection on the broncos. derek wolfe played four years broncos. derek wolfe played four years at uc... and is now one of denver's best defensive lineman. live tonight - joe danneman fox19 now. away... and apparently it's a rich man's game... the average resale pr

here's sports director joe d. of all the four- letter words that rained down at paul brown stadium... it's this five-letter word now flooding the conversation tonight. is cincinnati who knows. we do know tonight marvin lewis will get another year to test it. coach is signed through next season... and tonight - national reports are the bengals will not consider a change at head coach. there is a feeling in the fans base after now seven straight playoff losses... and his team self- destructing in the final minutes - a change might be needed. but... fans don't make those decisions. hard to single out a single player - but the flags on vontaze burfict and adam jones symbolized the melt down. jones didn't talk - burfict did. and talked about why jones lost it. vontaze burfict: "i wasn't just telling the coaches out there cussing out adam and that's why adam pushed him. he shouldn't be on the field cussing out. it was joey porter and the ref heard it all and the ref threw the flag on adam. that was about it." carlos dun

joe: an unmistakable shot at donald trump there.ay, jeb bush good on a conference call with a member of a previous bush administration who says she would not be surprised if bush 43 was out on the trail in south carolina soon. the bush name has been somewhat of an albatross, but is it possible that the bush brand could help jeb bush. john: this is bringing back warm memories of barbara bush as first lady, because everybody looked at her as a majorly figure, and we know she was mean and tough as anyone. she went negative on donald trump without any fear. i would like to see the campaign unleashed her on donald trump. it can't hurt. point, it doesn't hurt jeb bush. joe: in spite of the , the bushent victory bland has some loyalty. if the establishment panics and things we can't have donald trump or ted cruz, it might be chamber of commerce types who are looking for a safe place to go. the bush plan and the backing of barbara bush and 43 may help them close strong. john: at this point, and negatives of the bush name are firmly ached in

let's head out live to 7news sports director joe amorosino. joe? >> joe: the broncos are bracing for patriots' aerial attack tomorrow after watching the patriots throw the football on their first 14 plays against the chiefs. with rob gronkowski and julian edelman both back in the lineup, tom brady can spread it out and pick any defense apart, and peyton manning has seen this show before. >> to quote bill belichick, "we'll be on the new england." >> joe: tom brady and peyton manning have been here before, leading up to a 17th and perhaps final meeting. high praise from each legendary quarterback. >> i think playing someone 17 times is pretty cool, especially someone as great as him. >> to play as well as he has with the success that he's had and the team's success, i just have a lot of respect for him. >> joe: the quarterbacks have mutual respect, but the broncos doling out their fair share of trash talk, as well, calling brady a crybaby and promising to go low on rob gronkowski. but after recovering from his sprained knee in week 12, gronk has a pl

here's sports director joe amorosino. where was gronk? >> joe: they remain hopeful that he will play on saturday but two days before patriots' divisional playoff game gronk is bothered by a me injury he suffered in denver. >> gronk i ready to go on saturday. >> reporter: we couldn't because for the second time in week, rob gronkowski was missing from practice, reportedly he was getting an injection for his injured right knee. >> last one, i don't know about that. round with a red-hot chiefs team is no laughing matter but they plan to rolling with the punches. >> we have to go with what we got. we just have to go out and play and do our job. >> reporter: and from the team that brought you... >> we are on to cincinnati. >> joe: comes a new catch phrase to deal with this latest batch of adversity. >> we have a game saturday. we are just preparing for saturday. >> this will be nice. >> joe: gronk and the rest of the patriots have just one thing in mind as they close on on kickoff. this team everyone on the team, we will get out on that field.

>> i'm joe weisenthal. >> u.s. stocks advancing with commodities as investors focus on corporate earnings and the start of the fed's first policy meeting of 2016. joe: the question is, "what'd you miss?" iphone sales finally nearing a peek? -- peak? we'll find out how strong global demand is. alix: the apple watch. later we look at the major market impact. scarlet: we begin with the u.s. market close, which shrugged off another rally in chinese equities. maybe we are seeing a decoupling between shanghai and the united states. yesterday's laggards turned into today's leaders. joe: the shanghai market got absolutely destroyed last night, falling 6.3% with a big plunge late in the day. but it does seem like that first week of the year is china, chi na, china, and since then it does feel like a decoupling is happening, not that the u.s. markets are doing that great, but at least today -- alix: i'm raising the flag. we are looking at oversold bounce. some of the top performers on the s&p today are those energy names tha

welcome to morning joe live from java joes. in many ways, this is like a homecoming for us. >> it's like a homecoming. they feel like a family here. barack obama locking down victories in the state when tim decided to leave the safe confines of the civic center down the road and come over here and stay with us, it was a wonderful time. >> in 2012 it was rick sanatorium going toe to toe with mitt romney. >> and now we're back with the iowa caucuses just 17 days away. >> huge show ahead featuring live interviews with the two candidates of the united states. we're going to talk to hillary clinton looking for a different result than 2008 and plus donald trump here on set fresh off his debate performance fresh off the set last night. we have a lot to get to. other candidates as well. with us we have mike barnical, former chairman of the national republican committee, michael steal and manager editor of the bloomberg politics, mark halperin. >> there were a lot of moments here in the debate a lot of back and forths and fiery exchange

joe: the question is "what'd you miss?" the emerging market slowdown may be hitting developing markets. joe: we look at how savings have increased and the desire to spend has not gone up. >> the world's biggest oil under $1bought for million in 1933, we will dig into the oil giant. >> we begin with the markets. giving u.s. stock indexes the first back-to-back advances in three weeks. eight sectors hire, two sectors down, the defensive names coming down. yet another new low for oil prices. >> i did get a report from citibank saying it looked like we were approaching a two handle . it shows the confusion. oil is that orange line. you conceive the continued low in oil prices dragging stocks with it, that yellow line. oil and stocks bottomed around the same time, 2:00, and both trended higher. the fact we did not close below that would be considered constructive. joe: extraordinary that we saw this big rally late in the day, the nasdaq ending and eight-day losing streak. the fact that we saw these gains on a day when oil did ge

okay vanessa is off let's neck with joe brennan. how's traffic joe? >> not too bad. live look at things from chopper 4 here over the palmetto expressway the stretch between the big curve and the golden blades interchange and everything movininvery easily here east and westbound. the same for travel along the southbound run after you get past okeechobee. but still pretty heavy for you in that area. so take note of that. and then things on 95 certainly on build with all the taillights southbound headed past 103rd street. that's traffic back to you. >>> all right joe thank you, "cbs this morning" is next, everyone wants to win the powerball but there's a lot of curse, you don't want to miss out on that. >> i don't want to hear about

the first one comes from joe. joe's here, we might as well do it.s an amalgamation between our stocks editor and joe. number one is the death of the perma-bear. once the fed raises interest rates, we will have a big stockmarket crash, things will happen -- bearing in mind these predictions were made for today -- [laughter] >> the idea is once the fed successfully raises interest rates, these bears won't have as much to complain about, news will change,, people will finally capitulate say that the recovery is and artificial. right?: qe works, joe: i think there were a third of people who will just have to sort of delete themselves from the world. [laughter] joe: if we can finally get through this cycle. no one will care anymore. scarlet: harsh! >> number two is the rise of the federal reserve. specifically, the fed has started training liquid quiddity out of the system and raising interest rates. the idea is that the fed takes on a new power in financial markets, is specifically met bosler reckons that reverse repos are going to reach one chilean dol

let's start with fox19 now's joe danneman live at p- b-s... joe what's the latest with andy dalton? joe live it took until the day before the wild card game here at the stadium for marvin lewis to announce andy dalton will not start - and dalton won't even be in uniform. the bengals ruled him out after today's final walk though here at the stadium. new video just back in the newsroom within the hour... the steelers are here. one of the first players off the bus is steelers quarterback ben roetlisberger. it's on a-j mccarron to beat head coach mike tomlin and stop the bengals playoff straight losses and twenty-five years. a.j. mccarron: "the way that's talked about around here - it's so much of a negative. there's not a reason to live in the past and i don't think this team does by any means. so, let's go have fun and play a game we grew up playing and put it all out there on the field and, you know, what happens happens." mccarron is trying to join ken anderson and boomer as the only bengals quarterbacks to win playoff games. joe live back here inside the stadium... the place looks

been file against trader joes. what was coming ushort that has customers angry. 3 and we want to know... if you win saturdays historic in 10 words or less what you would tell your boss. 3 3 3 3 a class action lawsuit is filed against trader joe's the lawsuit claims the grocery store's 5 ounce tuna cans only contain 3 ounces of tuna. tests by a u.s. government lab found that nearly every can was underfilled - a violation. a spokesman for trader joe's, which has about 400 stores across the country said the company does not comment on pending litigation. 3 following president obama's proposal to tighten gun rules, gun-maker stocks jumped an average of 7 percent. investors are anticipating a boost in firearm sales as tougher rules go into effect. stocks for firearm makers rose an average of 78 percent last year. and several mutual fund companies including fidelity and vanguard have been big winners from the gun stock rally. 3 burger king is the latest fast food giant to enter the battle of dueling dollar menus, upping

joe, if it's way too early, what time is it? >> it is time for "morning joe."ublican polls, the fight on the democratic side and of course the countdown to the president's final state of the union address. we'll see you tomorrow and they start right now. >>> right now on msnbc live, we have politics covered from all angles and what we found just three weeks before the iowa caucuses. president obama takes today's matt lauer on a room-by-room tour of the white house and has his thoughts on the final state of the union and his campaign to take over the highest office in the land. plus

even though she cheated, she says it's joe who went too far. with his alleged stalking and she says she no longer feels safe to be in the house with him, despite the kids they are raising. as for her future, well, she's starting an advocacy website to help others who have been put under surveillance by their spouses. >> i just hope something good can come out of this. because it's all been bad. it's all been so bad. >> reporter: but while the courser's is moving forward. fon take a hard look at why they have now entered counseling in order to form a more perfect union. >> we want to heal our marriage, and we want to stick together. and -- >> reporter: and that's what i want to ask you about. you forgive him? >> i forgive him. you know, saying you want to forgive someone is so much easier than actually doing it, and it's a work in progress. >> reporter: it may be true that a house divided against itself cannot stand. and while courser may never again set foot in the state house, for now, this house will have to be good enough. >> if i take my sw

believe it or not, her own husband, joe. police report. i remember reading the report and, and just shaking and not wanting to believe what i was reading. >> reporter: according to the report, an accomplice at the plant bought the phone "with money provided by joe gamrat" and gamrat "would tell him what to text." apparently, they were also assigning the misleading names to the account to throw them off the scent. gamrat has denied the allegations and although he was named as a suspect the prosecutor declined to press vindicated? >> oh, sure. >> reporter: you felt like, see, i told you so, i wasn't the texter. >> right, yeah, obviously. i was telling the truth. >> reporter: the records also show that gamrat exchanged dozens of texts and calls with graham and allard. the aides say that was nothing unusual. joe gamrat would call at all times inquiring about cindy's whereabouts. what was unusual was what gamrat did with that information. for instance, last february, joe gamrat followed his wife to the now infamous radisson hotel in downtown la

joe: big banks guerra for earnings. -- dear up for earnings. has seen harold hand $60 oil prices by the end of the year. we will tell you why. scarlet: we begin with the markets. there are different ways of measuring how broad of a decline this is. if you break it into 24 groups, utilities were unchanged. everything else declined led by retailers. 500, 37 close time. the rest decline. utilities are higher, that is not a good sign. that speaks to how grim today was. alix: when exxon is the only stock that is positive, usually we blame these on the oil prices. you can't do that this time. did below $30 a barrel. that was a big deal. it was off by not even a dollar. it was an orderly movement overall. you cannot blame this on oil. figure: we are trying to out what the catalyst is. typically it has been china. today in terms of overseas market it has been fairly positive. caps,s curious is small they are supposed to be less sensitive to stronger dollar and week overseas demand, they are being hit harder. entering a bear market, down 20% from its pe

--eporter: joe gamrat looks family-photo smile. what about your husband? has he since forgiven you? >> he says he has, and i believe he has. >> i'm not here to resign today, i'm here to say i'm sorry.r: but sometimes sorry doesn't cut it. >> they need to resign ately. >> todd, say it's over. just step down. >> reporter: with all the christian values here, it must have rocked this community. >> it did. i mean, i really rocked our small town.r: did they start saying you're not a real christian? >> oh, absolutely. unforgiving people are people who profess christ.e bet you taken some hard questions from them. relish watching somebody burn. just love it. and it's sick and it's evil and it's demonic. >> reporter: and remember -- gamrat and courser already have plenty of enemies within their own party.knives are out. >> their scandal was dragging everybody down. they were embarrassing the leaders. party. s an investigation which finds numerous instances of deceptive, deceitful, and outright dishonest conduct by both representatives, and s

that is coming up next. ♪ joe: i am joe weisenthal. "what'd you miss?" may take aramco public.s a 10th of world oil production and the sole producer of saudi arabia's reserves. losses.suffering major cofounder now is the of the cross asset firm. what would it mean with saudi arabia where to selloff part of aramco? factor is a huge company. there are indications a could be worth at least $1 trillion. publishedrview today by the deputy crown prince of saudi arabia. there are suggestions it could be as much as 5% to begin with. it would be likely that down stream elements, but later oil exploration. joe: we've been talking about this question of whether saudi reality -- depeg the their currency. what factors are driving this. in the work that you have done, what really drives this, and what would it take to break that pay? the first thing we should examine is the reserves. they started to decline from their highs last summer to a $7 billion a year -- a month depletion. around $90 billion. the important thing to look at is the oil price. say it is like traders buying a lottery take

joe?ways say in politics, it's the trend lines you look at not necessarily the poll numbers. you don't know quite how accurate each one of these polls are doing, what their sample size is, who they're going after but the trend lines are clear out of iowa. donald trump two weeks ago was behind ted cruz over the past two weeks. he's been pounding him. we saw him pounding him again on this canada issue that the establishment in both part please go d.c. haven't minded getting behind. and you have 14 point swings in two polls taken in iowa in trump's favor. [ muted ]. >> can we get his volume? >> lost his audio. we'll get back to mark in a minute but let's go to bob costa. kbob, big shi bob, big shift in momentum. do you feel it on the ground in iowa. >> i was reporting on donald trump all weekend and you get the sense that there is momentum with the trump campaign in iowa, that cruz still has a strong ground game, but the moments with trump, people are coming to his rallies, you see excitement

joe: thank you for joining us. last week everyone was talking about china, the u.n., and that being the proximate cause of the volatility. it seemed less so this week the u.n. was not as volatile. what do you attribute all the selling to? is funny, i was writing my commentary, and that was the point i made. stock market data was a little more stable in china, the currency stabilized. there are things going on, which are normal but frightening. which is a reduction in earnings estimates. that is taking down some of the targets for 2016. the second, which is a bit more troubling, is what is happening in the credit markets we continue to see a rise in default, a rise in downgrade. a lot of them is concentrated with energy around natural resources. the concern is that they will bleed into other sectors. if we see tightening conditions, that is a scarier scenario than we earnings for the chinese stock market. >> we can focus on the equity markets, but we have to watch the credit market for a closely. summary of the prob

joe: thanks, barbara. i think i can speak for a lot of us at the game buzzing from how exciting it was and how it played out. the panthers are going to the super bowl, the seconds time in franchise history. the last time was about 12 years ago. this time if you had written a script for the n.f.c. championship at bank of america stadium it almost went perfectly. we will show you how it went down last night. jerry richardson the team owner banging the drum, keep pounding cam newton on the pitch to ted ginn jr. who zigzags for 22 yards. the panthers scored 17 first quarter points. they were up and running and the defense did the rest. seven turnovers, carson palmer of the cardinals with four interceptions and that one just before the half and newton was spectacular, four touchdowns and two rushing, his first two on the ground in the playoffs. 49-15 the panthers cruise and had headed to spell 50. >> you executed from the beginning. >> the defense was lights out all year. another lights out game. we got the bal

joe: how are you?king this morning i gdp data, kind of old and we have fresh data on the consumer, what did you see that stood out? >> what is happening with the consumer is front and a center. we talked with rob kaplan today and his answer on the likelihood of a recession was, it is all about the consumer. that is why i do not think it will happen. there will be things in the survey right now, to developments we are watching. one, how they impact of the financial and -- financial volatility is impacting consumers and wage growth trends and how they affect consumer confidence. what you can see in the chart is the stock market volatility is taking a toll. probability that a consumer will see higher stock prices is the lower -- lowest it has been in two years. that is concerning, because we talk about consumer spending some of those are things that supported. support it. you have the stock market access with your balance sheet. the wage growth, again we saw in the survey today that the probability of hig

joe: it is all about oil. alix: the founder and president of eagle bay takes a technical look at the markets. it is great to have you here. scarlett: you say that the s&p 500 is in worse shape than many people think. so far, it is down 8%. are more bearish signals for equities ahead? c.: thanks for having me on again. i was on the show in december, and it was really bearish. i was saying to buy treasury bonds, for multiple reasons. you get sympathy buying as money comes out of other assets. but as interest rates go lower, rise higher. but, as much as downside targets were achieved, in the last week, things are worse, structurally. can get some countertrend balances inequities, not just a massively, but globally. structurally, things are worse. every time we get selloffs, we asked, is his capitulation -- capitulation?"s what is the sign that this is a real bottom? this is an impossible question to answer. we want to see a combination, perhaps of new leadership from sector rotation, some of the mebody leading as

i'm joe biden. on november 4, americans went to the polls and made an historic choice for this country. and when americans chose barack obama, they also got me-- joe biden. but now i feel some of you are disappointed. sure, it was an entertaining election,

joe: back your with david. david, every time we get one of these big selloffs or people start to talk about recessions, the memories of 2008 come back help us drawnnot parallels. what do you say to people who immediately start thinking that this is a downturn and a huge crisis again? i think it's just so different from 2008. you had 70% homeownership rates in 2008 and the housing asset was the main asset that everyone had on the balance sheet. it was a huge hit to the average and the driver of gdp in the u.s. economy. ofay i would say that 90% folks out there that spend every day are affectively short the asset that's flowing up, which is energy. the more energy goes down, the more they benefit. it's just a completely different story line. yes, there's a lot of sovereign wealth funds and guys in texas and oklahoma who are in pain and probably some of the workers at work for them are in pain, but i presume they are all finding something new, maybe driving and uber in miami instead of digging a hole in north dako

joe? >> yeah, china soybean demand's been good. it's just they're not buying it from us. they're buying it from brazil and argentina more so, so exports there as with corn have been soft. so china remains a big question mark. i mean, we know they've got all kinds of economic problems, but does that mean they're going to stop kind of still remains to be seen. it's a fluid situation. >> joe talked about argentina. this week we were hearing about wheat shipments coming out of argentina, first one since they reduced the taxes there. so as we reduce some of these tariffs in argentina how much more product are we going to see flood the market? and that just seems like another bearish factor for us at this point. >> i think we got to keep in mind here as far as total imports for the whole demand for that area; it's not going to be a major amount. these stories are important for us to follow because it does show we are overpriced a little bit here, and also with their very cheap shipping these day