it is my pleasure to introduce larry scott. [applause] >> thanks very much. great to see such a terrific turnout today. this is such an exciting moment in the history of the pac 12 conference. on behalf all 12 universities and our presidents and chancellors that guide the conference as our board of directors, i want to thank everyone who has been part of the process to bring us here today. this is truly a seminal moment for the conference. it is an exciting time in college sports in general. there is no more exciting place to be that in the pac 12. we have a dynamic and bold vision for college sports and the future of our conference. it is an exciting time for television and technology in general. our conference aims to be not just a leader in college sports, but also leading the way in terms of the future of content and distribution through many different technologies. and launching seven networks in august as opposed to one and all that will follow from that is an indication of a new model. we look at our conference as in the corridor of innovation out here

[applause] >> larry scott came to the pac 12 with a plan and vision to reenergize the conference and lift it to new heights. after an expansion, negotiating and new blockbuster television agreement with fox and espn that guaranteed national exre

joining me now to analyze from asbury park, new jersey, scott rasmussen larry sabato director of uva senator for politics. all right, gentlemen. scott. you have the big poll out today. you and the "the washington post" abc poll. we got to get into this. of all of them quite stunning. the conventional business with dom in my mind blown out of the water once again with this narrative that obama was kind of sailing to re-election. in here what do you find with both romney and even santorum, some strength? >> well, yeah, there is two things going on. first of all, president obama's numbers are down a little bit. i don't want to overplay this. his numbers aren't tanking. but they are down several points from where they were a few weeks ago. gas prices are part of it. and the reason gas prices have an impact is they impact consumer cfts. the other -- consumer confidence. the other thing that's going on now mitt romney is going to be the nominee. 80% of republic primary voters. and we are now starting to see mitt romney consolidate the republic vote in head-to-head matchups against president

joining me now to analyze from asbury park, new jersey, scott rasmussen larry sabato director of uva nator for politics. all right, gentlemen. scott. you have the big poll out today. you and the "the washington post" abc poll. we got to get into this. of all of them quite stunning. the conventional business with dom in my mind blown out of the water once again with this narrative that obama was kind of sailing to re-election. in here what do you find with both romney and even santorum, some strength? >> well, yeah, there is two things going on. first of all, president obama's numbers are down a little bit. i don't want to overplay this. his numbers aren't tanking. but they are down several points from where they were a few weeks ago. gas prices are part of it. and the reason gas prices have an impact is they impact consumer cfts. the other -- consumer confidence. the other thing that's going on now mitt romney is going to be the nominee. 80% of republic primary voters. and we are now starting to see mitt romney consolidate the republic vote in head-to-head matchups against president o

scott. >> well, good evening, larry.a wisconsin judge showing government-issued photo id is unconstitutional. and in texas, used its power to block their voter id law saying it may disproportionately harm hispanics. u.s. airways confirms it has multiple domain names suggesting a merger. they say they're protecting itself from cyber squatters. sources confirm to cnbc that in turks l is making the rounds, talking about licensing their content for distribution over the internet. talks are still preliminary. yahoo is suing facebook over 10 patents that include methods and systems for advertising on the web. bayer plans on suing napko for patent infringement after the indian government licensed it to make the drug. napco plans to sell its version for $175 a mobt. month. b bayer's price is $56 a month. >>> a panel ruled that boeing received unfair handouts from the federal government amounting to 5$5.3 billion. but u.s. trade representative calls it a victory because european countries were shown to have handed out three times

scott. >> good evening, larry.he justice department has reportedly warned apple that it will sue them for price-rigging ebooks for the ipad. the five publishers are simon and shiefrt, hatchet, penguin, mcmillin and harper collins. >>> starbucks is getting into the single cup business and it will sell the varismo machine, shares of green mountain fell on the news. in a first on cnbc interview bank of america ceos consumer credit has been growing and a positive sign for spending and the economy. take a listen. >> consumers are spending about 6% more on the credit and debit cards february 12 versus february 11, and that's been pretty consistent. people are worried about gas prices and you're seeing them creep up, but overall it's reasonable spending by consumers, spending on discretionary am whys. >> you can see more of brian moynihan tomorrow on "squawk box" beginning at 6:00 a.m. eastern time. coke and pepsi meanwhile are changing the what i they make the caramel coloring used in their signature soft drinks and that

scott. >> well, good evening, larry. here's what we know so far.ornadoes have touched down in alabama, tennessee, and indiana. at least five people have been killed in southern indiana. an official in that state says one town is "completely gone." and that a high school in another town took a direct hit. in other news, citi chairman dick parson is stepping down from the board after 16 years. the citi board is expected to elect former bank of hawaii ceo michael o'neil as chairman. >>> general motors is halting production of the chevy volt for five weeks because of slow sales. 1,300 workers will be temporarily laid off. shares of on-line review site yelp soared 64% today on its first day of trading. connecticut authorities have charged william ryan jennings, morgan stanley's co-head of fixed income capital markets, with a hate crime for allegedly threatening and stabbing a new york city cab driver. the incident happened back in december. jennings says he was held captive by the driver after he disputed the charge for the ride to his connecticut home.

scott. >> well, good evening, larry.as been an oil leak at imperial oil's sarnia refinery in ottawa, canada. 121,000 barrels per day pass through the refinery. the refinery has been shut down while they plug the leak. no fire, no injuries have been reported. >>> william jennings, morgan stanley's co-head of fixed income and capital markets, appeared in a connecticut court today, pleading not guilty to a hate crime charge. jennings was charged in a december altercation with a cab driver. here's the video we were telling you about. an american airlines flight attendant disrupting a flight this morning as it was about to take off from dallas-fort worth. the attendant reportedly said the plane was about to crash, made mention of 9/11. passengers eventually restrained the flight attendant until police came. >>> apple is building a new campus in austin. it will spend more than $300 million to add 3,600 jobs over the next decade in texas, more than doubling the apple workforce already there. >>> united syndicate says it will of

. >> scott thompson's pulling a page from larry page's playbook at google, where he's basically come in and he's looking at all of the parts of the business and shifting money from the ones that aren't working to the ones that are and larry page puts it as putting more wood behind fewer arrows. it's a really smart move and i think exactly what yahoo needs right now. mayger says the key for yahoo is unlocking its assets in china. he thinks that as soon as the company can sell its stake in alibaba, the sooner yahoo's stock price will turn around. >> tom: stocks have been >> tom: stocks have been treading water over the past week or so, unable to find a eady direction. that brings us to tonight's word on the street: dips jill malandrino is with street.com. are are are jill, we're talking about dips as in buy on the dips, so a very common strategy but with the market marking time how do you know if this is just a pause in the rally or a reversal. we may see even lower prices, jill, you can hear us at the nasdaq, jill malandrino at the nasdaq again some of our technicalssues do continue h

. >>> coming up we'll preview the fed meeting with former fed governor larry meyer, and scott walkerbusiness, "squawk box" will be right back. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a we want to protect the house. right. but... home security systems can be really expensive. so to save money, we actually just adopted a rescue panther. i think i'm goin-... shhh! we find that we don't need to sleep that much. there's an easier way to save. geico. fifteen minutes could save you fifteen percent or more. here's a chance to create jobs in america. oil sands projects, like kearl, and the keystone pipeline will provide secure and reliable energy to the united states. over the coming years, projects like these could create more than half a million jobs in the us alone. from the can

my name is larry boehner -- badner, and i represent fresh and easy markets in their application for a formal retail use. we have here fresh and easy representative scott whitney, who will talk about the specific site in the commitments they have made. he will talk about the corporation and commitments that are making to the site. i believe this is the first time the commission has seen fresh and easy. briefly, i will tell you i think you know much about it. the program is simple, fresh, and wholesome food at low prices. they have their own brand in the neighborhood of national brands. they have no artificial flavors or colors, no high fructose corn syrup -- say that 10 times faster. but also her freshly prepared ready-to-go meals. as the planner correcting noted, we are here for a formal retail use. there are external issues that are relevant, but external. fresh and easy will occupy 2/3 of the site that previously bell and delano's occupied. it is smaller than those two. delano got to within one of being a formal retell. they were a local chain, but they had the same effects that a formula retail would. the occupant of the site until the mid 2000's h

scott. america, get ready. larry kudlow and jim cramer together on set here at post 9.rold hamm, the great father of the shale oil and gas drilling up in the dakotas, his message was north american energy independence is within sight if we take the cuffs off, let everybody drill where they need to, the environmental stuff is fine. he was optimistic about this. north american energy independence, no more reliance on opec. >> we are in a situation and north dakota will, i believe, pass alaska. we're talking about the tremendous finds. harold hamm of continental resources believes this is the largest find since prudeau bay. i'm hung up on this because i see the company's well ahead of the government making the transition. one thing is certain. there is a backlash in washington against all fossil fuels because of leanings that aren't really able to be swayed. we are not swaying anyone on this who is anti-fossil fuel. >> it's a pity. i don't want to bash the president. but personally, the president is on the wrong side of the issue. he's basically anti-fossil fuel. we can do

larry, thanks. make sure you join andrew and becky and scott wapner on monday. "squawk on the street" is next. >>> five, six, seven, eight. ♪ >> good friday morning. welcome to "squawk on the street." i'm melissa lee with jim cramer and james faber live from the new york stock exchange. >> our second home in the second city. chicago this morning, about eight months before election day, we have come to president obama's stomping grounds in the land of lincoln covering all the bases, commodities, treasuries, big business, big politics and how it impacts your money. it is wall street meets the windy city on "squawk on the street" on this friday, march 2nd, 2012. >> carl, we're about to wrap up what has been an eventful week for the markets between dow 13,000, nasdaq 3,000. we got red arrows across the board now. the dow is looking to lose about 12 points at the open. and european trading, we're seeing basically a flat picture across the board. let's get to a road map for this friday morning. crude is in focus after a whipsaw afternoon trade yesterday. iran pressed

larry king as the one they are going to see. it launches today. we'll see how it goes. >> with all due respect to mr. king and the suspenders i agree with you, scott>> i'm not going to touch that one. 5:26. still to come, occupy protesters planning to take their cause to county offices hooxt they are targeting. >> plus, the search continues for a former marine missing for more than a week in pacifica. >> our mild winter comes to a screeching halt this week. the storm door swings open. i'll let you know how much rain we're expecting and how long these showers will last in your full forecast. >> with that time change already in effect, remember to change the clock in your cars. we have slowing for80. ♪ so, this is delicious okay... is this where we're at now, we don't care anymore? we just eat whatever tastes good? excuse me? [ man ] like these sweet honey clusters, they're awesome so no way they're good for you. but i guess that's okay right? actually there's a half a day's worth of fiber in every ... why stop at cereal? ya know? cancel the gym membership. bring on the pork chops and the hot fudge. fantastic. are you done sweetie? yea [ male announ

scott, we'll see you in about 15 minutes. big oil to health care. let's bring in sir larry. larry kudlow is joining us. from france to the uk. >> there may be a coordinated emergency release. and today the president is supposed to decide on the iranian oil sanctions. now, europe has signed on to it but you get the uk and some other country. question, will he sign on to the iranian snkss and say sanctions and at the same time he talks about injecting strategic petroleum reserves. there's reuters saying that it's going to happen. i don't know anything. these are the rrps. and that would be coupled with the final nail on the iranian oil sanctions. >> yes, there are other theories out there that would target retail gasoline, waving the blentding requirements and the joan acts. >> yes, those are things that would take 40, 80, 60 cents off the epa. all of the mandates, ethanol mandates, 18 different kinds of gasoline, winter and summer, that could help. you know what could also help? a 10 or 12% increase in the value of king dollar which would bring down all of these prices. and you know what is really cool,