john bell john who spends one thousand years in jail for stealing a loaf of bread this guy there is arch nemesis he has to do hard labor to he cannot escape this path because he breaks parole and inspector job after him and this is the fate of another poor soul fantine she works in a factory she cannot change her destiny she gets fired because she has a kid she turned to prostitution ends up getting sick and dying now there is also a revolution based reportedly on the real life paris uprisings of eighteen thirty two which was anti-monarchy insurrection led by student groups that failed now that's a twenty second cliff notes version to fill in the holes and tell us why there are so many lessons to heed from this today is geoffrey tucker executive editor of a love affair books thank you for being here it's so nice to see you could to read into the movie and weren't you ired to write a very thoughtful piece about how it's relevant today so what do you think is a modern economic message to take away from lame is well it's a story about liberty versus power and so many ways represents the modern state i mean pursuing this for sleep no reason i mean just just a posthumous grudge that really makes no sense whatsoever and so many of the modern stuff this way and regulatory apparatus and drugs i mean all the things that it's doing it's almost like an inertia an unquestioning status to religion we have to do this because it's a rule because in the movie he's after john bell john for breaking his parole for stealing a loaf of bread and that's his you know run one main goal in life regardless of the fact that anybody watching can say ok this is absurd. it is proposed and you have to be sympathetic to the german version because there was a time the great poverty to this petty crime was committed you know twenty years ago it's a little bit disproportionate to how long the guy for the rest of it's his last says john john faces this decision he says don't want to live a good life to live a life of freedom to have something i can call my own or do i want to just comply and obey and my contention is that many americans are now feeling the same same thing like many people living under desperate to despotism and all times in all places we have to decide but in what way in modern us culture because obviously we don't have people in prison mostly twenty years first one of them brought out life tomorrow as a result and you know fleeing to really destitute france

john bell. john doe is the curator. it's a site dedicated to the history, analysis and unabashed gossip about what started the american revolution in new england. he recently completed a large study on general washington during the siege of boston for the national park service. he has also written about the revolution, the boston massacre, the wave of bankruptcies in 1765 and the towns rowdy celebration. ask him about poker night. that was a crazy event annually. he has lectured many historical societies -- sites around boston, including this one. john galt. [applause] >> and todd andrlik cup peace among the nations leading authorities on 18th century newspapers as you can no doubt tell. is the one of most significant collections of american revolution era newspapers containing the earliest printed reports of practically every major event and battle from 1773-73. todd andrlik. [applause] >> so we'll open up the question and answer right now spent let me just say that todd has done something extraordinary with this book. i didn't know anything about -- i got a call a couple years ago from a guy who collects newspapers, and he wanted to do a book. and i said that's great, and what he is done in this book is taken these newspapers, these primary sources, and published them. that in itself isn't unique. those of us were fortunate enough to live in boston or other places that of great research libraries know we can go to the boston public library, go on the website and get a lot of newspapers. podcast taken them to put them into book wit

john bell. john bell is the curator of the blog boston 1775 come a site dedicated to the history, analysis and unabashed concept of the american revolution in new england. he recently completed a study during the siege of boston for the national park service. it's also good about doing england's youth during the resolution, count watchman at the boston massacre, the wave of bankruptcies in 176500 tons friday pope may celebration. that was a crazy event annually. he has lectured in many historical site, including this one. bob -- i'm sorry, johnbell. [applause] and todd train to come among the nations leading authorities on 18th century newspapers as he could no doubt tell. he's still one of the most significant collections of americans from pollution during the earliest printed reports of practically every major event in battle from 1763 to 1783. todd is curator publisher of before history.com, an online museum and educational archive of significant newspapers dating back to the 16th century. todd andrlik. [applause] so will open up the question-and-answer with our panel. >> let me just say that todd has done something extraordinary with this book. i didn't know anything about -- i got a call a couple years ago from a guy who collects newspapers and he wanted to do a book. i said that's great. and what he's done in this book is taken these newspapers, these primary sources and publish them. that in itself isn't unique. those of us fortunate enough to live in bath and other places of great research libraries that we can go to

john knoll. does that ring a bell? did that name ever come up in the investigation? no. his name does not appear anywhere in the collection. narrator: so who is john knoll? and why is john douglas looking for him? douglas's interest in knoll comes from this man-- bob zorn. zorn's quest to link john knoll to the crime goes back to his father, gene zorn who as an adult read an article on the kidnapping that triggered a memory of a dramatic childhood incident-- a memory that put father and son on the trail of a lost kidnapper. this whole story begins in the summer of 1931, when my dad was a 15-year-old boy growing up in a german neighborhood in the south bronx. and my father had a neighbor who lived three doors down from him, a german immigrant and a deli clerk named john knoll who encouraged my dad to take up stamp collecting. and one day in the summer of 1931,

bell. john joins us with what investors will be looking for. hi, johnle bit of a bump up since december. i'm going to go against the grain and say look at the pc client group of revenue from intel. that will tell you a lot about intel's most likely trajectory for 2013. they said expect the p.c. business to grow at half the reality. if demand was soft considering intel is ramping up its process. that could make for a challenging q 1. what's likely to move the stock, it's intel's full 2013 numbers. then you have the chance of updates on ceo successions since ortoini said he was leaving. and finally mobile world congress. if they have big news, expect them to spill the beans there. the underlying report, what intel will sell for the streets. we're setting up for a strong year so pc members can deliver windows 8. we're positioning surfer chips. we're streaming to 14 nanometers. can they do it? we'll see. >> where are we, john, with all the hype they tried to generate on ultra books and the stuff that microsoft was coming out with? >> well, on ultra books it

john llopold and said it innolved sex lies and politics. (church bells quick) there are plenty of people poing in and out of the courthouse.. snap hoto weeding quick)but anne arundel county executive john leopold is avoiding the media. hes on trial for misconduct. tuesday another offiicr assigged to leopold's security detail testified saying he ssgns... do background checks -3 on political opponents and &peven empty urine rom leopold's cathader bag. the &pcoofee containerrthe urine wa evidence. "the only thing i as- can say bouu the cathader.. to help patient innneed"karra hamnee has a sexual harassment civil suit pending agaanst peopold.""es i do and i think thh testtmony upports that.... people do not say no to leopold"two of leopolds security detail officers have to help eopold arrange sexual rendezvous's with his mistress says employees feared carla prooessiinal rrtaliation.."you can see.. hear the fear.... inner ssecrts that he did not (cairns)"prosecutors say john leopolds actions were illegal were brrken.. so far six - witnesses have testified. in 5;30 police in howard countt are on the lookout for a puspect... who broken into a home... ann stole an urn filleddwith ashes of one faaily'ssdeceased catss cats. it happened about a week agg at a townhome on sweet wind place in colummii. the box similar was to this one.it contained the ashhs of two &cat ripken'. &p"im sure thee were ssrprised i would sure like them returned" retuuned.."this is photo of one of the deceaseddcats. anyone with iiforration is asked to all howard county police. &p a man is serioussy pnjurrd in glen burnie house fire..... investigators say was sparred by illegal fireworks. "craigg urban" sent us these photos from tte sccne along meyers poured from the home aturday 3 porningg crews werr able to put ittout before it spread to neighboring buildings ....but thh home is loss.al oss. o'malleyis once aggii r wind.surrounded bb enviroomentalists...the gooernor has announced his su

john stumpf who joins me now in a rare and exclusive broadcast interview. welcome to the "closing bell," john. >> thank you. nice to be here. >> thank you so much for joining us. i want to talk first about the broad environment, what you're seeing, because we talk so much here about the challenges as a result of washington and this slowing growth story for the economy. what are you seeing? >> well, 2012 was the year housing really made its statement at its back. it's not back to where it was, but surely we can now say housing has turned the corner so that's a good thing for the economy. when housing does well, everything else seems to do well. quite a multiplier effect. in fact, there's been no recovery in this country of size or stability without housing participating or leading. energy is doing pretty well. we see some manufacturing, but to be honest about it, the recovery is still not as strong as it needs to be. there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown 300 billion in core deposits in four years. you know, consumer balance sheets. even though the debt hasn't come down that much because interest rates are so low, the interest carries. the debt service is back to 1998 or 1990 so there's great capacity to invest, to hire, to grow, to buy things, but this uncertainty thing puts a real cloud on things otherwise people would do. they are putting them in abeyance. >> i'm going to get back to that. a real issue. want to get your take on solutions, but you mentioned interest rates and this low interest rate environment. you're putting your bet on growing net interest income. >> correct. >> let me ask you about that. even in this low environment how do you do it? what's the plan? >> you do more deposits, more loans. in fact, last year our net interest income, the difference between what we get on the loans versus what we pay on deposits, an endless margin, dropped 18 basis point but we actually grew net interest income so you do more, and we've dealt with this low rate environment before. do i think rates are too low? yes. a lot of monetary stimulus, but we're able to operate in that environment, and it's been a real bargain for borrowers. on the other hand, savers have paid a real price. >> how do you offset that knowing that it's become tougher to make money in banking? >> well, this year we grew revenues by 6% quarter over quarter from a year ago and 6% you took the whole year. almost all of it on the non-interest income side. half of our revenues come from fee for services, mortgage brokerages, other things so we don't only live on the margin, if you will, so think of a company that can produce those kind of revenue numbers with no help from the margin or very little help so this is a company with enormous capacity to help customers and return stuff to our shareholders. >> a lot of times when the analyst community talks about wells fargo, they obviously talk about mortgages, talk about a lot of exposure, increasing exposure to mortgage banking compared to rivals. one of the analysts i guess from goldman sachs downgraded your stock to a neutral from a buy citing this greater exposure to mortgage banking. break it down for us in terms of priorities at the bank. we recognize that mortgage banking is incredibly important but is he right? what do you do in an environment where some people question whether or not you've got an overexposure to one part of the business in. >> okay. well, first of all, i don't not only like the mortgage business but i love it. the reason i love it is because our customers love it. two-thirds of americans on homes they have not lost their emotional attachment to own a home and our 30% share there, half of that is an aggregation share. we buy loans from other originators in a corresponding business and help package them, provide liquidity and sell those. our real share is about 15%. 10% of our deposits in the country are part of wells fargo so a 10% share there. everybody takes a deposition it and not everybody makes a mortgage loan so 15% is not that outsized. we still have tons of opportunity. as i like to say, this is more than a one-trick pony. we have so many other things going on with the company. we have 84 different businesses. we're number one in small business, middle market. >> autos. >> distribution, love the credit card business and the student lending business and the asset-based lending business. there's tons of stuff going on, and all those other things have also had record years. it might not be as visible because people talk about mortgages, but this is a broad diverse financial services company that, you know, provides services for all kinds of customers. >> so where does the growth come from, the real sizable growth in the coming here's. i don't want to be so short-term oriented. that is sort of the norm on wall street when everyone is looking at estimates. look long term for us. >> sure. >> what's your vision in terms of where the growth comes from? >> first of all, let's take mortgage for a second. we still have tons of customers who call us our bank, deposit their money with us and have their checking account and their mortgage some place else so there's still opportunity there. but i think wealth brokerage retirement is a huge opportunity. 10,000 americans retire a day in america, so that's a big opportunity for us. we're undersizing that business. i like the insurance distribution business. i like the small business business, so there's a whole bunch of things that when you have that diversified model,ing does better not quarter over quarter but over the long term. >> we were talking about the social security and raising the eligibility age and lawmakers saying this hasn't been changed, low-hanging fruit in terms of getting our way around debt. speaking of retirement, should social security recipients get it it at 80 as opposed to 67? what's your take? >> i can't pick an age, but i do know this. we have a fiscal and financial problem in this country, and i know people have talked about, you know, if you had a family you couldn't live at this and borrow at that. think of this as a perspective. the average american family owes 200,000 on their mortgage and 15 million mortgages in america and took the national debt and split it up among the 50 million homeowners, they would owe 530,000 on their mortgages. if we don't get this thing fixed three years, four years now, 600,000 on the mortgage, 400,000 on the debt. we have problems. we need revenues and expenses. if we can figure that out. we can get away from this cliff and that cliff and pivot to a growth agenda. we're going to grow our way out of this, maria. not going to save our way out or tax our way out, but those things do matter. i'm glad ceos are spending time expressing their thoughts on these issues. >> but we're living cliff by cliff. >> yes. >> it's amazing to me that we haven't, you know, put out real solutions. has this, do you think, become an impediment for business? has it become an impediment for your business that all this uncertainty and the fact that we can't make any decisions in washington, even though the corporate balance sheet is quite strong. >> absolutely. what did we talk about in december? nothing but fiscal cliff. it even drove santa claus off the front page. all we talked about. >> that's true. >> now the debt ceiling and then it's sequester and the continuing resolution. we go from this cliff to that cliff, and we don't deal with the problem. if we deal with the problem, there's so many assets in america. we can grow our way out of this. >> let me ask you about getting out of a problem and for many it's regular laying. after the 2008 upset, the banking sector has faced much higher regulation. things are changing quite a bit. we're no longer riding a wave of deregulation, quite the opposite. talk to us about the regulatory environment and how you see it. >> clearly regulations increased. we have dodd/frank with, you know, thousands of pages. let's be honest about it. there were some bad actors prior to 2008. i'm all in favor of good solid regulation with regulators who have real teeth and can make things happen. what i don't want to have happen is excessive regulation that stands in the way of us serving our customers. i mean -- >> what's excess? what's one rule that you think is excess? >> i don't know what it's going to look like but look at volcker. if volcker is written poorly or too broadly, it could keep us from serving customers. these 2 million mortgages that we made last year, each one of them got a rate lock. we would say, maria, for the next 90 days we'd make you a mortgage at 3.5%. well, i've got to protect myself some way on that so i buy a hedge to make sure that if it rates go the wrong way i'm protected, i hope volcker doesn't get in the way of that. how about hedging, you know, commodities. i have a brother who farms corns and puts all his input costs in by april. might want to sell some of that crop. we do that or people like us do that. >> right. >> this is good stuff that helps americans. >> and you're not going to do it if you're handcuffed in another part of the business. >> absolutely, or more difficult to do it or it becomes unavailable. >> right. >> i'm worried about the flow of credit as opposed to, you know, what regulation does there. >> i've got to get your take on the federal reserve and i know you won't be giving too much away because you've already put your capital plan forward. the federal reserve has to tell you if they are okaying it and if you'll be paying dividends, buying back stock. where are your priorities, givebacks or buybacks? >> both. we want to return more capital. have more capital today than in the history of the company. that's one of the real strengths is the strengths of its financial services companies, and we stand tall in that area. we think that we've earned the right to return more and we've asked for more. >> and you'll know by march. >> we'll know by march. >> john, good to have you on the program. >> thank you very much. >> john stumpf, president and ceo at wells fargo. intel shares on the move. latest quarterly results are out. i'll speak with stacy smith, coming up, before we go to break. phil lebeau with the latest on the troubles happening at boeing and how the past can inform on what's next for the 787. stay with us. >>> welcome back. check out the move on intel. the chip giant announcing fourth-quarter results. jon fortt has been poring over the numbers. what can you tell us? >> gross mar jib came in a point higher than intel projected, at 58% as opposed to 57%. predicting the same for q1. q1, the revenues they are projecting, are a little bit under the consensus. 12.7 billion plus or minus half a billion. they are projecting low single-digit revenue increase for fiscal 2013. gross margin at 60%. $30 billion in capital expenditures, a couple more things really quick. inventories were down more than half a billion dollars. half a billion d

bell." stay with us. two ceos and two financial giants. john stumpf will be are here and ebay ceo john donahoe. >> best earnings ever. the dow up 107. the high of the day a gain of 122 points. energy is doing well and disney is the biggest gainer. bank of america though not. it's down 3% after their earnings came out so they are not helping that today but the dow, 13,622. if it closed right there, that would be a new five and a half year high. the s&p, any positive close is another five-year high. for the nasdaq -- s&p up 11 points right now at 1483 and change. major averages staging this late-day rally. can the markets close above the five-year highs. that's what we're talking about here. >> wants us to go higher. clerk it out in today "closing bell" exchange. josh brown, cnbc contributor from fusion analytics and michael farr, cnbc contributor from farr, miller and our own rick santelli. hey, guys, how you doing. michael fax let's kick this off to you. what do you attribute this very strong rally today. >> i don't think anything in terms of the earnings season, maria, has spooekd spo

bell made the first cross-country phone call. tragically he did it using at&t wireless and dropped out halfway through. this is "viewpoint." [ ♪ music ♪ ] >> john: good evening i'm johnthank you so much for joining us tonight. with the nothing in the 2012 national election behind them, and the risk of demographic doom at the hands of surging minority groups growing every day the g.o.p. is making an all-out effort to reboot the whole brand. last night luis boy governor bobby jindal had this advice for his party at the republican national committee's winter meeting in charlotte, north carolina. >> we got to stop being the stupid party. i'm serious. it's time for the new republican party that talks like adults. it's time for us to articulate our plans and visions for america in real terms. it's no secret that we had a number of republicans that damaged the brand this year with offensive and bizarre comments. i'm here to say we've had enough of that. >> john: just how the party plans to keep four todd akin and richard mourdock's from disgorging off-hand comments on legitimate rape and rape-born children as something god intend intended remains to be seen. but reince prie

john sculley. john, good morning to you. >> hi, carl, how are you? >> i'm good. i imagine you've been watching this launch with interest as we all have. does it ring any bells? is it familiar at all in the context of an apple story? >> well, i think it has the potential of a really exciting turnaround story. it all depends what the roadmap is ahead. for example, david pogue did great job of pointing out the features of the new blackberry 10. from what i can tell reading about it, looking at videos, it looks very well thought out. i think it has the possibility of being an excellent product for the enterprise market. the real opportunity, though, is can they change the company enough to be able to turn it into a sustainable business, and that's really what i've been thinking about. >> what needs to happen to make that second part happen? tore extend hines says today is the starting line, not the finish line. what are the directives right now? >> first of all, merging markets. most of their base are out in the emerging markets, indonesia, south asia. they need to build on that. they've lost so much market share in the u.s., i wouldn't have put a lot of priority on the u.s. second after all, i think they need to think about giving away -- i underscore giving away for free the new blackberry 10 software to these large smartphone manufacturers in asia like zed te, wowway and lyenovo. and third they ought to become an enterprise softwares by and reinvent blackberry as a software that's for secured applications that are managed well. they would have a real differentiation versus everybody else including microsoft. >> you know, johnwhere everybody is, hoping was apple's big next move. awe're awaiting a china mobile deal or many acceptance of the brand overseas, is this a chance for blackberry to cut in line, so to speak? >> it could be. a lot of it's going to be about pricing. there are no carrier sudsidies in asia as we're accustomed to here in the united states and consequently the prices are much high for these products in a market where you have an emerging middle class that has much less money to spend. you're charging typically for an iphone $800 for a consumer who makes $1,200 a month. i think real opportunity for r.i.m. is to rethink pricing, be able to price very aggressively. one way to do that is to give their operating system away for free to these big asian manufacturers who can afford to sell these products at a low price and then r.i.m. can make its money as an enterprise software company. >> you know, john, one thing people say is although the term crackberry does exist, people were devoted to thi