sri-kumar: it is.ng, they have a safe haven play the same way you have had in the case of money coming to the u.s. dollar, the japanese yen. the swiss franc is even more of a safe haven. is adition to that, it much smaller economy compared with japan or the united states, so the foreign-exchange gets overwhelmed by the amount of safe haven money that is coming in. given my expectation of the way in which the global outlook will turn out in 2016, i cannot see any change in that relationship as far as the swiss franc is concerned. vonnie: speaking of places where people like to buy expensive things, tiffany's is saying that its 2016 -- that 5% and 10% between lower. the only place tiffany's is doing well is japan. sales are up 10%, tom. tom: one of the small and announcements about retail -- you really wonder well -- you really wonder where retail will be in a year. what the swiss national bank had to do. can you envision a u.s. central bank that in some way will mimic switzerland, and weaken the dollar?

sam kumar past chairman of the washoe county republicans. orrin johnson and the publicler of orrin johnson.com. >> and so it was interesting to interesting to interview john kasich. can but my first question to him about yucky mountain because they have four nuclear power plants in ohio. if i'm president it's coming to nevada. does that spell the end for kasich in nevada. does the public more than the political class care about this question. i haven't heard much about it. >> it's kind of interesting how it's spread out. you have people who're supporting and opposing within each party. so it's a fairly interesting dynamic. >> i agree with what he says. there are those who're strongly supporting or strongly against but years ago there were some polls taken and it seems like the middle ground is to have it. we'll see how that has an effect. ty cobb and randy wilson. yucky mountain to have it used for other uses. >> the problem for nuclear generally we have this weird fear of technology. you have environmentalist we've got to get away from foss

plus buzz harris is president of wph enterprises and sam kumar is chairman of the washoe county republicans. and that's the big deal especially in a caucus. important enough in a primary. but especially important in caucus. a i thought she did well. i think that the fact i don't care what camp you're there you're foolish if you don't admit that hillary clinton has a great ground game. and performs well in campaign situations. >> the campaign has stuck to specific talking points. i think that the reality what are people going to do when they get to make their own private vote. how much do they trust. this is a very big campaign. and i think it's very difficult for those people to go out and if they don't trust somebody and vote. >> you've been around for a long organization is a big deal. we're talking about democrats. do you think that bernie sanders campaign have enough people on the ground to compete in nevada. >> it is a jigsaw puzzle. and how does that happen. i think both of the clinton campaign as well as the sanders cam campaign have incredibly passionate people. a lot of them are go

police have not decided if they will charge kumar. the dogs will be held for ten days to make sure they don't have rabies. >>> what's going on for the weekend? >> reporter: a few more clouds and milder. storm tracker 6 live double scan shows we continue to be dry for the morning commute. there are a fair amount of clouds around the river rink and elsewhere across the region. we might see early sunshine and clouds get thicker as the day goes on. 40 degrees in philadelphia. 34 closer to the freezing mark in allentown. the last couple of mornings we started in the teens north and west, all the numbers represent improvement this morning. cloud cover on future tracker 6, maybe early breaks, but generally speaking we are looking at a fairly cloudy day, up until 5:00,colorado, -- 6:00, we'll be dry. if you you're heading out to the movie theater you may want an umbrella in case showers pop up. models to the north show mixed precipitation. i don't think it will be much in allentown, but in the poconos there's a chance of freezing rain. saturd

rajpal kumar has been working here since he was a child and tells us little has changed in that time. everything that is not sold the same day just rots, he says. rajpal: it's been raining so the vegetables have gone bad. i'll have to throw them away. these vegetables arrived yesterday. reporter: nearly half of all the foodstuffs produced in india end up being scrapped before they even reach the consumer. here at the market, temperatures of over 30 degrees celsius pose another problem for the traders. rajpal: there are some cold storage rooms at this market. but they cost 500 rupees a day. where could we get that kind of money from? that's just for one day. reporter: we get permission to film inside one of the cold store rooms. no one wants to talk about why so much food is wasted here at the market. we discover that the fruits stored here are all imported from new zealand, italy or the united states. biraj patnaik has worked for years as an adviser to india's supreme court on issues of food safety. he says one of the biggest problems is that the government relies only on private inve

a bullet strike his friend 15-year-old jew carly kumar in the chest killing a teen inside and 27th place in northwest miami-dade. lumkin has been serving home detention bult victim's family wants him behind bars. >> it was a slap in the face to ask if you if he wanted to play football. they rs sayhe teen has shown no remorse for the tragedy calling his social media postind into question. >> a facebook posting. today was going to be a good day in court. how could today be a good day in court when you killed your friend. >> however the suspect's attorney arguing that his clientd is struggling to cope with the tragedy sometime wishing cotrade v v place wtz victim. >> he has a letter that he has prepared and he has written and i have personally read that will shed some light on how he feels about the entire situation and he quite frankly he is -- attorneys are pushing for the manslaughter charge to be dropped. >> they were talking about closing the case and giving him a misdemeanor. we will not stand by and lieu this case to be close ood so after an emotional morning in cot both sides return

scarlet: a rate cut may be coming sooner than you think. , sree kumar said he expects a reduction ofwing costs in 2016. guest: the increase in interest rates was ill advised. they should have done it two years ago when the speculative bubble was smaller. i look for a rate cut some time -- in 2016.year 16 is bill joining us now lee. you moved your rate hike estimate rejection to march. what would it take for the fed to reverse course? bill: i think you have to find all of this weakness coming from abroad which has so far been limited to oil and commodities and the manufacturing sector start to spread throughout the economy. those are the things i would be looking for. this is normalizing rates. the distortions caused by low rates have been severe. all of this market volatility is part of the reason. to fed is really determined normalize rates and if the economy is going to be strong enough to have normalize rates, it is going to do it. the weakness is a surprise but it is contained in the commodity sector. constitutest normalization? we got liftoff in december but what is normalizatio

scarlet: let's get kumar crumpton with first word nude. -- mark crumpton with first word news.he house is ready to give final passage to a bill repealing the affordable care law. the first time after dozens of the failures that the repeal legislations has made it as far as the president's desk. the man who bought the guns used in the san bernardino massacre has pleaded not guilty to federal charges. henrique marquez junior appeared briefly in federal court in riverside, california to answer to a five count indictment alleging he conspired to provide materials important to terrorists. a jury trial set for february 23. he spaces 50 years behind bars if convicted. the latest el niÑo storm hitting parts of california today. heavy rains are expected over the next few days. the storm toppled trees, flooded streets, and caused havoc on some roadways. officials are still urging residents in the drought stricken straight to monitor their water usage. united nations secretary-general ban ki-moon condemned the apparent testing of a nuclear weapon by north korea. he says the act is profoun

. >> and kumar. actually i would like to post this to mr.artin but i'd like to get everyone's opinion on it because it's a very pernicious. secretary of state john kerry says the world is safer today because of the african nuclear deal and accelerated the release of the five american prisoners held in iran. do you agree with that or do you disagree with that statement and why? >> i disagree with it. my experience is unique. i was in iran in 1979 after the hostages were taken and i was back in iran in 1980. so i have actually dealt with the iranians person-to-person alone in that country. i managed to get a -- my problem with what secretary kerry did and what the president did is that i believe they were too anxious for a deal and as a result i think frankly donald trump is the better of the argument when he says they negotiated a bad deal. i think we could have done a better deal and i think we should have done a better deal. i'm concerned that we may not be safe. today as i was coming over to this meeting the elders are not sure the technic

joining me for market reaction, the president and founder of tree kumar strategies and boomer marketery on the way. thank you both for joining me. i see tracy every day. i'm always happy to see her. i'm especially happy to see you. >> good to be with you both. matt: fairly bearish guy to see on. for what will turn out to be a bullish day for stocks at the open, the s&p starting to rise up 1%. it has been a horrible start to 2016. what do you expect from the fed -- sorry, ecb is dovish talk. s dovishjapan kuroda' talk. we'll that serve to boost the stimulus stocks were us? >> it will in the short-term. we have seen the benefits from mario draghi's statement yesterday. what it did to european stocks, jack -- japanese stocks. today, the u.s. futures and when the market opens. the difference is it is only transitory. it doesn't happen for a long time. the problem with europe is lack of structure. the labor markets are rigid. you know germany so well. germany did its reforms and 2003. the secondhese -- man of europe into the most vibrant economy good it was not monetary growth or fiscal d