joining us is john abel and cnbc's own john carney.too simplistic to say going zlt new apple? >> google is creating new innovative products. google glass. that's the worry people have with apple is they are not innovating at the rate they used to. there's no big splashy product so i think google is the new apple? when we got a couple of price targets $1,000 a share slapped on to google this week and the big headline that google is the most owned stock by u.s. mutual fund holders, everyone said that's the kiss of death. what do you reckon? >> the kiss of death for apple came when some analyst said that it would -- its price target would be $1,100. look, there's a lot of superstition baked into these things. apple has an obligation to investors to be serendipitously inventive. they are not doing that fast enough for the street, i guess. my own personal theory is that they might be suffering from a bit of a margin issue because they are cannibalizing themselves. they have to with the ipad mini and with the iphone going down in price. but,

so the question for the taken bob pisani, john carney, will the nasdaq ever get back to where it wasthe tech bubble. let's stipulate, john carney, as the lawyers say, that peak for the nasdaq was in the middle of what i can only call a mania for tech stocks. >> right. so i think we've had a long time to build back up there. it does make me nervous to see us at this high of a level, especially since we haven't had a really significant pullback in many years. the last real big pullback was in 2009. historically we get a 20% correction. every three and a half years. we're basically waiting on that correction. bob pisani. >> you answered -- your point was completely correct, tyler. the problem with the nasdaq is still dealing with the overhang of the dot-com mania, absurd -- companies with no earnings at absurd prices. i'll give you an idea. from 2000 to 2009, nasdaq dropped -- 2000 to 2002, the w low, nasdaq dropped 80%, dow dropped 4%. there's the difference we're seeing so far. by the way, nasdaq has been a great performer since 2009 bottom, nasdaq up 150%. i think the dow is only up

. >> john carney called it a cyprus thing a black swan. it's a tiny black swan. >> it's a gossling. >> a duckling. we've seen these things before and maybe become immune to the immediate fear of them. that's it for us. thank you for joining us today. >> see you tomorrow. "street signs" begins right now. have a great afternoon, everybody. ♪ >> i had a play that to start the show. bull market, bear market, cyprus rocking the world with a surprise new tax. is this smaller country the next big black swan? could this new tax happen right here? we've got all the angles and the story that is shaking investors and a full road map coming up. >>> plus, is the board of one big bank losing faith in its ceo? >>> good, bad, and down right ugly in housing. i cannot do this right now, mandy. >> well, you know what, we are well off the lows of the day, first, the dow was down 109 points earlier on but still possibly the first two-day losing streak for all the major averages in nearly a month. keep in mind though we did have a real good for a while, right?

. >>> power run down with bob pisani, john carney. let's talk about goldman sachs.sing the year end s&p target to 1675. that's 100 points higher. like the annual march of the penguins now, folks, will other wall street banks start to follow goldman's lead and take it right off the cliff? what do you say, john? >> i think absolutely. we're in a situation where the economy is improving. earnings are going to do better than people pecked. remember shs we had a lot of negativity about what was going to happen this year. we're in a situation where if the economy doesn't do better than we get more qe. if it does improve, then the economy sim proves. earnings are better. everything goes up no matter what. >> bob, goldman is not the only one who has done it. other analyst, independents and others have done the same thing. >> key thing is gdp numbers were raised. retail sales numbers were better than expected. i think john's right. they'll do that with s&p numbers, although i haven't seen a lot. the only other one is isi. they had 1668 and now at 1690. they raised it. >> thi

. >>> jumping back into today's "power rundown" with john carney and cindy perman.rry ellison, blaming their salespeople for a miss in the third quarter, specifically on revenue. that's where the real shortfall was. did oracle go too far in publicly saying this, who's really to blame? cindy, what do you think of this? >> i have to say if my performance is weak this quarter, it's john's fault. i think they did. when you say this publicly, look, sometimes you have problems with sales team. that's a behind-the-scenes thing. it says to me who's on first, who's on second, i don't know third base, sales force. larry said our turnaround's going to be delayed because of products. i think the bigger issues here are twofold. one, there may be a problem with the licensing model. more importantly for oracle, i think there's a discrepancy in management here. and i think that's the bigger concern for shareholders. >> john? >> it's got to be a bummer. if you want to demoralize your work force, tell them they're lazy and no good at doing their jobs. i think that's a mistake. i also

in fact, you may say it's more of a priority for the recommendation than democrats. >> john: jay carneyng partisan about the deficit reduction. >> we think the obama-care expansion of medicare is reckless. we're saying don't grow this program because it doesn't work. >> john: now you may have thought the supreme court and november election settled the fate of the obama-care for good. >> are you saying that as part of your budget you would assume the repeal of the obama-care? >> yes. >> well, that's not going to happen. >> well, we believe it should. it's a program that basically puts medicare under the coal of 15 people on a board that will determine what kind of benefits people get. that's a rationing board. however you slice it. >> john: when it really should be privatized. it's good that paul ryan is bringing down these ayn rand talking points and sarah palin talking points. >> i think the answer to that question will be determined based on how he conducts himself in the coming weeks and months. >> john: how the president conducted himself? it sounds like president obama is on aborti

. >> jay carney of the white house. john kerry, our new secretary of state, announced this week that the obama administration will provide an additional $60 million to the rebels. a conservative columnist wrote that the situation demanded baldness -- boldness and that the obama administration may well have allowed the middle east to blow apart. do you agree with that? >> not all. in syria, you have a serious question of what replaces assad? you have anti-assad actors who are just as bad as some of the others we have seen pop up in other countries, like libya. i think this probably is the right approach. i am not even sure this is going to affect the outcome, because ultimately, the group that prevails probably will not be the group' that will establish authority in syria. i think we will see militants takeover. they will take over as they have done in egypt. we have to be very, very careful this. desperat >> non-legal aid. >> non-legal aid in the middle of a raging civil war. it is prophetic. the issue here is not a saud. th

. >> at the white house, spokesman jay carney said this has nothing to do with the john brennan's qualificationad the c.i.a. and eric holder stept senator this letter today the address the concerns that carney read aloud. >> "does the president have authority to use weaponnized drone to kill an miles per hour not engaged in combat on american soil?" the answer is no. >> paul offered instant reaction live on fox. >> hooray. for 1 hours yesterday we asked them that question. there is a result and victory. under duress and under public humiliation the white house will respond and do the right thing. >> social media exploded on twitter and energizeed by the senator paul effort. clearly the filibuster helped. >> bret: mike emanuel live on the hill. thank you. senator carl levin says he will not seek re-election next year. the michigan democrat says he can best accomplish his goals over the next two years without the distraction of campaigning. >> obama administration barely escaping huge embarrassment this week, thanks to of all things twitter. carl cameron has the amazing story. >> they delay givin

john c. carney of delaware, mr. gerald e. connelly of virginia, ms. janice hahn of california, mr. brian pittsburgh higgins of new york, mr. hakeem s. jeffries of new york, mr. ed perlmutter of colorado, ms. terri a. sewell of alabama, ms. dina tight us of nevada. signed with best regards, nancy pelosi, democratic leader. the speaker pro tempore: for what purpose does the gentlewoman from north carolina rise? ms. foxx: mr. speaker, by the direction of the committee on rules, i call up house resolution 113 and ask for its immediate consideration. the speaker pro tempore: the clerk will report the resolution. caller: house calendar number 8, house resolution 113 -- the clerk: house calendar number ght, house resolution 113, resolved, that at any time after the adoption of this resolution the speaker may, pursuant to clause 2-b of rule 18, declare the house resolved into the committee of the whole house on the state of the union for consideration of the bill h.r. 803, to reform and strengthen the workforce investment system of the nation to put americans back to work and make the unit

jay carney, doing best impression of john wayne, not terribly convincing. the u.s. probably has capable of defending against the threat today. that threat is getting consideringably worse. our defense is no thanks to the obama administration, canceled the airborne laser which is the best blatt form to defend against a north korean missile in the boost phase. martha: they won't necessarily recognize the armistice against south korea in the future. how big of a threat of south korea and our thousands of troops on the demilitarized zone might be? >> it can't be ignored. there is a tendency working north korea policy, to the extent we even have a policy to sort of get used to these threats from north korea but the problem is it is getting worse in recent years. in 2010, north korea sank a south korean naval ship and shelled a south korean island f you step back there were a lot of words exchanged but essentially north korea paid no price for doing that. so north korea really feels like it is pushing against an open door. it is making i think a mistake. the dictatorships

here he is, jay carney, the press secretary. >> john brennan's nomination ought to be considered on isved? >> stephanie: okay. let's go to shirley in -- >> why, i never. >> stephanie: why was there such a pause after pearl necklace? that would allow thought bubbles to be filled. shirley in phoenix. you're on the -- >> caller: good morning. good morning everybody. i just basically -- i want to say that every time bill o'reilly is quoted or fox news, why nobody has that clip about jon stewart and bill o'reilly having that debate and it came out that bill o'reilly pretty much admitted yeah, we did it for money. and when i go back, i'm going to go back. please have that clip. i want msnbc to do that. i want everybody to bring him down. this is what they're all about. propaganda. >> stephanie: what did he say? admitted he's paid to be nasty? >> an a-hole. >> stephanie: yikes. okay. i do that for free. nearly. [ ♪ "world news tonight" ♪ ] jeb bush says it pains him mitt romney isn't residing in the white house. i'm sure it does. but acknowledged his campaign wasn't the best. i must say. jeby

carney can't really say. >> i don't have any more for you on it. >> john: at 2:07 p.m. congress adjourns.david schweiker of arizona, one of the tea party conservatives who held the line on the sequester from day one, leaves town. >> we're beyond the 12th hour now. >> john: so you're headed back to the district. what are you thinking about all of this? >> congressman paul broun of georgia heads home. >> the world is not going to come to an end, tomorrow or monday. >> john: coming the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly airline anytime. two words. double miles! this guy can act. wanna play dodge rock? oh, you guys! and with double miles you can actuay use, you never miss the fun. beard growing conte and go! ♪ win! what's in your wallet? >> welcome back, if there's anyplace that's going to bear the brunt of the sequester it's washington d.c. and the communities that surround it, places that prosecutpered despi the econom

carney can't really say. >> i don't have any more for you on it. >> john: at 2:07 p.m. congress adjourns.ntative david schweiker of arizona, one of the tea party conservatives who held the line on the sequester from day one, leaves town. >> we're beyond the 12th hour now. >> john: so you're headed back to the district. what are you thinking about all of this? >> congressman paul broun of georgia heads home. >> the world is not going to come to an end, tomorrow or monday. >> john: coming [ male announcer ] what?! investors could lose tens of thousands of dollars in hidden fees on their 401(k)s?! go to e-trade and roll over your old 401(k)s to a new e-trade retirement account. none of them charge annual fees and all of them offer low cost investments. e-trade. less for us. more for you. voa playground of innovation, n color, and design. showing up where we least expect it and taking inspiration from our wildest dreams. because bold doesn't see the world in fixtures and faucets, it re-imagines. coloring our lives in ways only bold can do. it's no wonder the world can't wait to see what bold

carney can't really say. >> i don't have any more for you on it. >> john: at 2:07 p.m. congress adjourns.hweiker of arizona, one of the tea party conservatives who held the line on the sequester from day one, leaves town. >> we're beyond the 12th hour now. >> john: so you're headed back to the district. what are you thinking about all of this? >> congressman paul broun of georgia heads home. >> the world is not going to come to an end, tomorrow or monday. >> john: coming up the apocalypse now? [ male announcer ] every day, thousands of people are choosing advil® for their headaches. my name is sunshine and i have three beautiful girls. i like taking advil® for a headache. it nips it in the bud. and i can be that mommy that i want to be. ♪ [ male announcer ] take action. take advil®. of philadelphia cream cheese. it always begins with fresh, local milk, blended with real wholesome cream. going fresh from the farm, to our fridge, in just six days. when it comes to fresh taste, philadelphia sets the standard. that your mouth is under attack, from food particles and bacteria. try fixodent. it

carney. >> it is unfortunate, again it's a wholly unnecessary decision made by republicans to allow this to happen. >> john course if you listened to speaker of the house john boehner you would know that the $85 billion that the sequester's removed from the economy this year is all the democrats' fault especially, mr. obamas. >> we've known about this for 16 months. and yet even today there's no plan from senate democrats or the white house to replace the sequester. >> that's just not true. they made it very clear as the president just did that he has a plan that he has put forward that involves entitlement cuts, spending cuts that you made a choice as have republicans to leave tax loopholes in place and you'd rather have those than live with all these arbitrary cuts. >> that's just nonsense. if he had a plan why wouldn't senate democrats go ahead and pass it. >> john: that plan exists on the white house website right now. we'll have more on david gregory's experimenting with follow-up questions on tonight's f-bomb. you don't want to miss it. as for why the senate democrats wouldn't go ahead and pass the p

at the white house today, spokesman jay carney chiding republicans for saying it was all about the benghazi and not the cia nomination. >> john's nomination ought to be considered on its merits, on his qualifications. not on disputes about an issue that did not involve john brennan's nomination to be the cia director. >> senator mccain also wants brennan to clarify his flip flop on whether the cia program that used waterboarding provided solid intelligence, shep. >> shepard: catherine herridge in washington tonight. the men who will choose the next pope want time to get to know each other. cardinals held second day of preliminary meetings. no word on when the conclave will begin. under church law they have until the 20th of this month to start it. the cardinals say it's the most important decision some of them will ever make. so nobody wants to rush it meanwhile officials closed the chapel today where they will hold the conclave for many reasons primarily to make sure it's not bugged. big change coming in airport security. so things that you couldn't take you can now take. at least carry on to the planes. and knives are now a

john boehner mitch mcconnell who he hasn't had a lot of progress with. going through some of the rank and file. is he not worried about that jay carneyis is all about trying to find different ways to bring people together. take a listen. >> frankly, i wish he had done more of that over the years. we have had all of this very limited interaction with the president and certainly doesn't have to go through me to call on my members, i'm sure he will. i encourage him to do so. >> that work remains to be done and the president is interested in, you know, finding the members of the caucus can of common sense and working with them to bring about a resolution. a resolution to this challenge. we should be able to do it. >> white house aides tell us tonight they are not just talking about the budget. they are talking about immigration reform and gun control. areas where the president thinks they will come together, shep. >> shepard: ed henry out in the yard. thanks. 8 hours and six minutes over here now for the old fashioned filibuster on the senate floor. rand paul still at it. talking almost nonstop. a little help here and there. back to capi

carney says he assured the white house isn't preventing speaking. >> and one man suspected of the being involved in the deadly attack is currently being detained. . >> harris: elizabeth prann, thanks. john bolton, former ambassador to the united nations spoke about the handling of the benghazi attack. >> part the of the administration's problem here is that many people think they engaged in a coverup, that they made up a story about the demonstration because they didn't want to reveal that terrorist groups were prevalent in and around benghazi. >> harris: coming up inside the fox report, the ambassador will join us live and i'll ask him about the take on the benghazi investigation with the development and about the man that elizabeth just talked about who is in custody in libya. somehow connected to the terror attack, we don't know witness or suspects, but yet, we have not had access to him either. stay tuned for that. for now, iran. showing off its military hardware by launching a destroyer in the caspian sea. the 1400 ton ship represents iran's first military presence in that oil rich body of water. and state television there reporting the ship is armed with surface to surface and sur

karen, jay carney has just said the president has engaged consistently with congress in numerous ways from telephone conversations to meetings in the oval office. so why this? because johnterated today no more talk of taxes. ja let's be honest. i'm a big supporter of president obama but one of the criticisms i think is fair is that over certainly the course of the first term, he probably could have done more. i certainly believe the republicans could have done more as well, but there needed to have been more of this kind of interaction because i think when you know where someone is coming from, it is a lot harder even if you disagree with them to go out and simply demonize them. i think it does shift the tone at least of the conversation. i think people forget how personal these things can get. i mean, at the end of the day, a lot of the stuff that we see playing itself out in front of the cameras and on screen, various screens, is he didn't call me back, i didn't get invited to this event. there's a lot of personal stuff that goes on back here. >> absolutely. jared, an unnamed senator told my colleague chuck todd that last night was first time he'd heard that the presi

white house press secretary jay carney is asked about tomorrow's meeting. and speaker of the house john boehner and democratic leader nancy pelosi. we will begin with seven at -- with senate democrats. either receives enough votes to move forward. -- neither received enough votes to move forward. >> it is clear the american people want a balanced approach to deficit reduction. we have to do smart spending cuts. we can do that. we want to close tax loopholes and ask millionaires to pay more. that is what our proposal is. we are going to vote this afternoon. we are seeking to provide the american people with a balanced approach. that is what the american people want. by almost an 80% margin, this is what america wants. even about 60% of republicans want this. it is hard to comprehend, but as i have said before, the only republicans in the country who disagree with this proposal are the republicans who served in congress. today, to make it worse, they want again -- once again said they would filibuster any proposal we have. i went to the floor. they said they want to have a vote on a new p

ever since carney's been nominated, the bank of england has become more bold in its brow national endowments and ideas. do you -- do you think? >> johnada avoided the entire financial banking crisis. there was a model that worked, and there was no rescue. maybe that is part of it. remember, this is five years in, it's five years next week. the five-year anniversary. my firm being forced into the hands of jpmorgan. five years ago. lehman brothers, 4 1/2 years ago now. in a sense, he's right. it is taking a long time to get to grips with these -- >> we've had guests tell us there's no way at this point that rbc and lloyd's will be fully privatized. there's been talk of handing out shares with the public to 100 pence face value and letting them sell over a matter of years. it's clear this has not been handled well. maybe king sex pressing frustration that everyone -- maybe king has expressed frustration that everyone feels. >> at the time you say more bold things when you know you're on the way out the door. >> yeah. i find this very -- bring it on. can we have mervyn king out every day to talk? i'd like to know what else he thinks. >>

senators harry reid and mitch mcconnell, and house leaders john boehner and nancy pelosi, are meeting with president obama today. secretary jay carney was -- began with comments on the senate legislation. >> the senate will vote on the proposal put forward by democrats that would deal with the sequester, postponed the sequester in a balanced, responsible way. we expect that bill will get majority support in the senate. the only reason why it might not pass the senate is because a minority of republicans led by republican leaders would filibuster that bill. a pretty stark indication of the state of things when a bill that has majority support is blocked by a minority when that bill would've for the problem that we have confronting us with this imminent deadline. we have to see what the senate does, whether republicans filibuster this bill. that has not happened yet. maybe they will have a change of heart. that will obviously affect the topics of conversation tomorrow in the meeting with the president. the president believes we need to come together and deal with the sequester. the sequester was just one piece of the broader challenge

carney tried to [ inaudible ] telling reporters look people are afraid of getting killed by a drone we get that. but there's still brood public support for drones killing someone else. [ applause ] >> stephanie: johnerican citizens should be worried about the states rather than the president. and also she said -- >> stephanie: i would be more afraid of joe arpaio with a drone. >> caller: that's right. and i think he made it public so that they would write a law permitting -- i mean forbidding him from doing that. that's another reason why the -- because bush did it -- i don't know whether people new that bush did it or not. because she also said that bush killed 53 people by drones. so we're worried about the wrong person with a drone, we need to be worried about -- like you said, joe arpaio, and scott walker, and all of those crazy people. >> we all have a constitutional right to bare drones. >> stephanie: yes, we all ought to have them now. >> can i promo someone coming up on the show on monday. linda carter wonder woman herself! [♪ "world news tonight" theme ♪] >> is she going to wear the outfit? >> no, but she is going to be calling in. >> she has it going on. >> stephanie: albert in tucson, y