and we're joined by jules boykoff who represented the u.s.mpic soccer team in the 1980's and 1990's. he is the author of, "activism and the olympics: dissent at the games in vancouver and london." joining us from toronto, canada, we are with helen lenskyj. her latest book is, "sexual diversity and the sochi 2014 olympics: no more rainbows." monthbeing published this . she also wrote "gender politics industry: no more rainbows." and we are with samantha retrosi who wrote, "why the olympics are a lot like 'the hunger games.'" >> dave zirin, let me begin with you by asking your comments on the fact that for the first time, the u.s. allegation to the olympics doesn't include anyone from either the president or the vice president's family. could you talk about the significance of that and why you think that decision was taken? >> first of all, i want to thank samantha retrosi for her words. this is like an olympic snowden. not that she faces jail time, but this is legitimate whistleblowing moment. it is very brave way she is saying. i had a flashb

thank you, jule. she took sports photographers. she didn't want fashion photographers to do this type of work. there was jay mazal. she knows better than that. >> they were photographing jocks. where is the photographer taking fashion all the time. so when walter got behind the camera, and he was very attractive anyway, it was a very -- >> was. thank you. >> tell me about this. what it did for you? >> it made me go from being just a face to a face with a name. and that was really huge back then. it's not the same as today where every magazine cover puts your name on it. this was practically the only magazine that put your name on the cover. >> was it popular from day one? >> yes. >> instant popular. >> from my story, yes. the perfect california girl, had no make up on. she was 17 years old. she was not chubby, but well endowed. and today if she was 30 or 40, you'd say, oh well, she sat but fat, but when you're that young it's like s this -- a rose is opening. >> mj. this is what, 2012. she's been on how many times? twice. how's it

we'll be out with jules in rome in just a few seconds. first of all, let's get the latest on the ia's incident every national report, the international energy agency. there's bitterly cold weather pushed up demand for heating fuels. total oecd industry stocks plummeted by a further 66 million barrel necessary december. global supplies are falling to 92.1 million barrels a day on lower nonopec output in january. supply from opec rose marginally in january. growth rebounded the second half of 2013, but non-oecd countries still accounted for more than 90% of global growth of 1.2 million barrels a day as a whole. that's the latest on the ia report. right now, though, in italy, the prime minister has called on any challenges openly if they want to replace him. speaking in parliament yesterday arch, he reacted to two suggestions that democratic party leader and coalition partner renzi was looking to displace him as prime minister. >> you don't step down because of hearsay because of power plays and behind the scene activity. i think that respec

thanks very much for that, jules. more to come from jules in rome.e a look at where we stand as well with the spread zone here. ten year italian gdp, we're down to the lowest levels since may 2006. marc, no shortage of appetite for italian paper. >> yes, i think there are a couple of things to take into account. one, we do know that the italian and spanish banks were, because of aqr, asset quality review of the ecb requirements, sellers of their local government there at the end of last year and it would appear from the flows that we've seen that they've been very strong buyers at the start of this year as they replenish. >> does that continue? >> i think it's probably largely starting to run its course. the moody's -- well, the upgrade to the outlook, one should say, is certainly a positive, but we're getting to that point where we have to look at this a little bit more closely. it's not just about the spread, which still looks relatively large at close to 200 bases points, but also the fact that there are other alternatives outside of the euro area

we are here with our cohost, dan roth, jules and i are.lking about founders and eeo's who have left their company and gone back. an interesting trend. dell, wes, michael could go on -- howard schultz. what do you make of his move? >> first, i think when a founder comes back it sends a signal to the workforce. there is such desired -- especially if it's a really powerful founder like howard schultz. one of the things he has done is said, i'm going to champion innovation. when a founder comes back he or she can make a man's of the business and manager who stepped in can't. they can make wild calls. they can push boundaries. they can say, i know the numbers. we would do x, y, or z. but we are not doing that. >> howard schultz said, we are trying hard enough. >> and no more breakfast food. he said, i know it sells well. it smells. the store is about creating a great atmosphere. >> i think it's cnn's -- it sends a message to the company of things are good enough that he does not have to be there or be involved at the same degree, that sends a p

jules. >> stephane is still with us from ubs. you've mentioned in your note this week that investors are still very concerned about what the impact of emerging markets will be. on developed markets, you say there's not going to be a big issue, there's not going to be contagion effect. everybody is saying that. >> first of all, i do agree that it's a consensus view. again, to make it clear, we do not think it's big enough to contaminate dm. but let me give you two numbers. if you look at the size of the yen in the '90s, it was a third of the world economy. now it's about half. so problems are much bigger. but the exposure and the link to the yen is much bigger than it was before. so we all look at this story and say, look, digestment is not big enough. but again, that's my central case scenario. but i don't think the confusion is that straightforward. >> based on what you're saying there and what other analysts are out there saying right now, this is a great opportunity to buy u.s. equities, to sell u.s. treasuries and to sell gol

jules, you're in rome. just explain to us mr.zi, for those who don't know, why is he favored by -- because the business in italy like him. why? >> because this is a guy that is 39 years old, he's seen as a reformist, he's seen as somebody who will re-ignite the reform process here that the prime minister enrico letta has failed to do in the last ten months. there is a real wave of optimism here. he is the head of the party that they believe this is somebody that can ignite change as far as italy is concerned. and to see growth this morning in the fourth quarter of last year, it's 0.1% i think underscores the critical issues here that things really do need to change. and that's the hope here now that actually they can do this. but there are a lot of risks here, of course. but he's looking at having a similar coalition government than the prime minister enrico letta had. that was a weak attempt. he has the berlusconi factor, of course. just how likely is he to transpose those over electoral reform. there's going be people willing t

thanks, jules. so just over an hour and ten minutes into the trading day in europe, we are weighted to the up site, 6/3 advancers outpacing decliners. the ftse 100 was up 100 points yesterday. the italian spanish market was up nearly 2%. this morning, the ftse is actually as is the xetra dax. the cac 40 is down 0.1% as is ftse mib. we've been talking about arcelormittal. forecast in consumption slowdown growth in china and brazil, but improvement in the eu. meanwhile, finish mining auto companies, outotec, down 8.4% today. weaker than expected fourth quarter operating profits. it's forecasting a decline in sales this year. staff all in all is fairley flat. it's dropped the production target and it's turning attention to reigning in spending. speaking first to cnbc, the ceo held that the firm would spend $5 billion less than it had planned in the next three years. >> oil and gas and -- in 2013, we have a very strong space. so we can make harder choices and that will increase the return on the project

ross. >> thanks for that, jules.ast trading day of the week, here is a recap of some some of the experts have already told us. i think all eyes will be on the euro both today and next week. we get an ecb meeting next week where we're going to look at the 2014 forecasts. they're not going to look pretty. we've been sellers of euro. we've been in and out of the trade. right now, we have recommended a short euro/dollar trade. i think that's 1.3727. >> i look at that, what those markets are telling me, conversely, you know, the u.s. equity markets hit a new high yesterday. >> that has changed radically. they've been them for a long time. incrementally, things are getting better. that is a 180 degree reversal from where we were a couple of years ago. >> courtney reagan has this report. >> despite many retailers warning about the holiday quarter, many are turning in financials that aren't that bad after all. gap had earnings of 68 cents, beating the street by two cents, revenue of $4.58 billion. just under the $had.6 billi

. >> thanks for that, jules. we're just an hour and 20 minutes into the trading day here in europe. 8/1, nearly 9/1 on the stokes 600. this morning, we're up 52 points on the ftse 100. xetra dax is up 11%, cac 40 up 0.7%, ftse mib, as well. ten-year treasury yields up to 2.69%. that yields are higher across the board, as well, in european trade. dollar index has come down to a two-week low, as well. 1.3679 was the two-week high we were trading at yesterday. dollar/yen, 102.34. and sterling has reclaimed the 1.6 4/level, as well, on the greenback. that's where we stand right now in this european session. sixuan recaps the day for us in asia and singapore. hi, sixuan. >> hi. thank you, ross. the shanghai composite led the rally today. shares were once suspended for trading after surging 44%. so hitting its upper limit before ending higher by 3%. this is the country's second largest ipo since listings resumed last december. japan is closed for a holiday today. australia gained 0.6% today. now on to individual movers

the fight at hercules high gained national attention. 16-year-old jules gutierrez who is transgendered says it happened after she was harassed. >>> tonight, a team member task force met for the first time since an alleged hate crime. they are looking into university policies after a black student reported being harassed by his white roommates. >> i don't understand why they haven't been expelled. if you plagiarize, it is expulsion, but if you torture another student, you go to another dorm. >> the group will make some recommendations to the school. the next meet sergeant on the 21st. >>> the winter olympics in sochi russia just started. this is a live look at olympic park. the opening ceremony is only a few hours away, but there is real concern tonight about a terrorist attack. so much so that the tsa is banning all liquids on flights between the us and russia. officials are warning airlines terrorists may try to sneak explosives on board using tooth paste. this is the damage a tooth paste bomb could do. for this demonstration, explosive powder was mixed with another ingredient? a past

jules did he just received more than a million hits per day. i was off agree on nine. to the fullest and unions have you in my head in the last house in twenty eleven and went on to build on it would fit inside just a tool and jacqueline. oh my god and scott addict. i know it. stephen. when i was in testing. just one. the act and while we went to the charity challenge fund that are normally contest ends up in the two hostages but an immense task beyond imagination off than me they donate to the deal he did nothing. as from that station which in this scene comes supernatural force to stop them from doing so. it also stars for the bus so the middle and an awesome tiny and the image of what looks to expand in me. heat todd grisham seem a bit frantic and rather tell stories. once again but let's all last week as i have been days when islamabad on friday some spoke of venice will decide the officials. ross and thus the debate much about things. march said it was the second time tomorrow night. lulu him rule. bruce use. and a fast course not such. in the last two years our d

. >> for more, i'm joined by jules boycott, author of "activism and decent." we are joined by james, sports editor at "the nation", host of, "edge of sports radio", and author of the book "game over", and commentator on al jazeera. >> shame on thomas bok. first of all his ipp sin use that u.s. -- insinuation that u.s. athletes are the puppets of pa president obama when the opposite is drew. shame on thomas bok. it's not political to have the games in sochi, which is near the chechen war zone at a cost of $51 billion. this masquerade that we are seeing is not a political accident of itself with the ioc. >> your reaction to the bigger comments that bok made. >> scoping back a little, when people argue that the olympics transcends politics, typically those people are milking the olympic cow with both hands. it's someone from the international committee or someone from a corporation who is a sponsor. >> bok said the ioc has to be neutral, and athletes not use the olympic venues and village for political demonstrations, but said olympic values are against discrimin

john: seems like a reasonable argument to me, jule, and you don't buy it?ain component of libetarianism is individualism. maximize freedom for every individual. what i've noticed with the privileged crowd is it's very devicive, negative, and it's class warfare and jealousy. john jun this "check your privige" expression is a leftist college expression. [applause] >> i don't like the term "check your privilege" because i rea youtube comment and say the request check your privilege," but never say, oh, you make a good point, i'll check my privilege. people get so defensive over it, and rightfully so. they ake a predetermined judgment about the person. it's downright rude. [applause] john: it's not nice to divide people in categories we are all individuals. absolutely. unfortunatelily, thereality is that racism, sexism, homophobia, and transphobia xists. without acknowledging real inhibitors to individual lberty for certain identities, we are hampered in the ability to truly, asin my experience, advocate for thm effectively. [cheers and applause] john: i look h

did you get good stuff, jules? >> yes. we did.now that gets stuck. this comes from germantown, maryland this, poster says a truck got stuck in front of a driveway. she wasn't happy bit. this one in monroe, new york. the truck veered off to the side stuck in a ditch over there. then this, one, comes from a suburb in washington, d.c.. >> where they take pictures of pitted landscapes. >> yes. side likes like your tv. always. >> yes. >> so this is entrance way to his driveway and a truck just dumped five feet of snow there. he couldn't get out. >> got anything else? >> no. we're moments away for o'reilly. god knows we can't be late for him. >> the storm is moving. i wanted to give you this last picture, baltimore, you're done. new york we think it's going to snow until wee hours, boston got another day of it. so if you're new to fox news desk that means you haven't been around in the daytime we police the news. if something happens, we'll break n we do that at 3:00 eastern time, 2:00 oxford time f you're bored or want a dvr, we have a

wells, jules all of these things coming to fruition in our lifetime.t's good stuff, charles, bring tapassion to it. and ever driven behind someone herky jerky behind them. and they're out-of-towners, don't know where they're going. garmin, look at the stock. >> i don't want to drive next to someone driving herky jerky, looking at his garmin. the stock is up. they sell other things in addition to navigation system. they sell fitness and aviation equipment and that helps in the latest profit and revenue. the garmin gps systems have fallen off a bit and hit a new 52-week high. 52.72. stuart: 10% gain for another tech stock. good stuff. thanks very much indeed. we're having fun and grover norquist is here, he's for tax reform and he's got a smile on his face. no wonder, i'm going to get to that uaw victory you pulled off, but first, i've got to ask you about the cbo report. a half million fewer jobs if the minimum wage goes up to 10.10. do you trust the numbers? sometimes you haven't in the past, do you trust the numbers? >> historically whenever you raise

wouldn't you, jules? wouldn't you, if you could get a chance? particularly if he could carry my clubs. [laughter] >> is there anything to lighten the situation? anything that he could do to make the u.s.-china relations better? nick? >> i'm sure there are possibilities. it's interesting. when you think about how you have seen the chinese government reacts to other heads of state -- react to other heads of state meetings with the dalai lama. they have had much sharper reactions. you can really get a feel for this is an issue for them, but it's not one where they will risk destabilization of the u.s. relationships the way they would be willing to risk the relationship with france or the u.k.. >> another aspect of the meeting, capitalism. conference.o at the he is a big yogi and seeker of higher consciousness. which he says has been helpful to him in his business practices. did you find that that was a common sentiment? >> when you do work with the have had thend i pleasure of being with him a couple times now, everything is really smooth. he is a

jules, you are on the money. >> talking about bill gross and where he is putting his money.stors, he our word of the month is to be "careful." bull markets are caused by or accompanied by credit expansion and qe tapering, which will slow philosophy. be as growth may not robust as the imf and other model driven forecasters might assume. so much for cleanest dirty shirt. there is no new catchphrase. >> you have arty seen this in emerging markets. in terms of higher interest rates, they have benefited by a lower interest rate policy around the united states. a lot of money flow into those countries as a result. that is going to slow down. >> and the big story is addresseschina, as it its shadow banking system. if you think about how much credit is made available and intentionally scaling back, it will have an impact. theou think about the fact u.s. and china together are about, call it a fifth of the global economy. both are pulling back. >> going to impact the velocity. stocks gotting crushed today. here is why, 3-d systems, off up itsgoing to ramp spending. the other shoe tha

jules? >>> earlier this morning turkey's finance minister told the show that the move is key to restoring market confidence. >> a rate hike has helped restore credibility and will improve of a city's perception of the central bank, because there were some unidentified concerns about the unorthodox policy. i think the return to policies they should have. >> we are joined now with mark, where do i start as far as turkey is concerned? the key point was the inflation amount out this morning, yes, they are raising rates but the real rate is not enough high, is it? >> real interest rates, that's notal interest rates are still too low in the world, and the fab is transferring global liquidity in -- they need to offer investors higher rial rates. so fully respecting what the finance minister said, china has not restored credibility to the chinese central bank. they pass on rates one week and raise them the next wun, that indicates too little, too late. >> what can they do now? some in the market are

>> jules has no idea. >> got my heels stuck. >> and when i tie my horse up, i don't really care, either. >> his chariot. >> look, we want to know what you think. still to come on the show, we're going to be in basul. an 11% drop in his company for syngenta. emerging market turmoil? that's something new. >>> welcome back to "worldwide exchange." let's have a look at where markets are recapping right now. we're in the green. completely unwinding the losses we saw in yesterday's session. the italian market adding to yesterday's gain between 0.2% and 0.7% in trading today. joining us now, the chief investment officer of axis investment, johnny, good morning. >> good morning. >> in your notes, you said you're still comfortable right now being long large caps, equities and property. heading into futures and options right now is very cheap. tell me what your net position is right now. >> i think we've had this ongoing debate as to whether the equity market has rolled over and is it time to consider the party over. on a long-term view, it will be difficult to replace the asset holdings. one cou

jules. >> thank you very much for that. now let's get straight to our next guest, matthew beesley from hinderson global investors joining us now. good to have you on the show. do you think the correction is over or do you think we still have more room to go here? >> i think it's hard to tell because, quite simply, we're in a period where markets have moved from being the glass half full, the data, to being the world of the class half empty. we knew some of the problems underlying the fragility of this recovery are long duration in nature. there's not enough in there, i don't think, to change people's sentiment, swing it around and focus purely on corporate earnings and away from these challenge necessary emerging markets. >> isn't it decent because expectations have been lowered significantly so that we manage to get half of the s&p 500 beating in terms of top line in particular? but actually the lack of upgrades to forward looking earnings that is not underpinning this equity market right now and allowing us to recover. >>

and we'll talk to one of the stars of team usa, julia mancuso aka, super jules.going to talk about her olympic dreams. >> we'll look forward to that, matt, thank you. >>> meanwhile, here are the stories making news this morning. and did we mention? big winter storm crippling more than 100 million from the midwest to the northeast. flights canceled as al mentioned. people are being told to stay off the roads. 30 senior instructors of the navy have been suspended as the u.s. investigates a cheating scandal at the nuclear propulsion school. >>> and shaun white made a big announcement this morning. we broke it here on the "today" show, he will not be competing in the slopestyle competition in the winter games. he will be on the halfpipe as planned. >>> another person we know and love, not competing in the winter games, lindsey vonn, recovering from a knee injury. but the good news for us is, she is joining our "today" family during the games. this morning, her first report, she's going to tell us what it takes to raise an olympian. and she knows firsthand. >> she kno