together, let us chart a way forward that secures the life of our nation while preserving the liberties that make our nation worth fighting for. thank you, god bless you, may god bless the united states of america. [applause] >> you have been listening to the president of the united states for approximately the last 50 minutes talking about changes to the national security agency or the nsa. the president announcing that he would make five changes, five steps that he was taking, going on to say that the reforms i am proposing today should give the american people greater confidence that their rights are being protected. mike viqueria at the white house did he succeed? >> well, the president talking about what the united states can do versus what it should do and of course del that is the essential question, the premise that the president stepped into today in the wake of all the controversy over the p past yeas and the edward snowden issues. the controversial issue the collection of millions if not billions of bits of metadata, the president at pains to point out, over the course of the

together, let us chart a way forward that secures the life of our nation while preserving the libertiesthat make our nation worth fighting for. thank you, god bless you, may god bless the united states of america. >> thank you. >>> the president of the united states at the u.s. justice department, outlining a series of reforms to nsa surveillance. some will say he didn't go far enough. others will say he went too far. there's a lot to dissect and digest right now. a lot to understand. i'm wolf blitzer here in washington. once again, we want to welcome our viewers in the united states and around the world. jim sciutto, you're our chief national security correspondent. what did you take away from that? >> i would say it was a thoughtful but confident speech. i think it's clear that there are things the president is willing to apologize for and explain, but things he's not going to. for instance, he said he went too far with the spying on foreign leaders. he said if i want to talk to angela merkel, i'll call her on the telephone. he talked about -- acknowledged there is a perception this w

together let us chart a way forward that secures the life of our nation while preserving the liberties that make our nation worth fighting for. thank you, god bless you and may god bless the united states of america. [ applause ] >> president obama addresses, with a speech that went about 50 minutes, outlining changes he would like to see made at the nsa, good afternoon, i'm craig melvin. let's bring in our chief white house correspondent chuck todd there for that speech. also joining me in the studio, chris hayes and keith ellison stuck around. the president's political problem going into the speech, did he solve the problem with the speech we just heard? >> it's hard to imagine that he did. i've always gone back to anybody that -- the people that care the most about this privacy issue and what the nsa was doing, i don't know there was anything the president could announce short of halting the program completely that was going to satisfy some folks there. the fact -- if you look at it through the idea of okay, is he open to more change, he made that clear. but this speech is not a def

wayther, let us chart a forward that secures the life of our nation while preserving the liberties thaton worth fighting for. you, and, god bless may god bless the united states of america. [applause] >> the president of the united states in an address that lasted about 45 minutes speaking at the u.s. department of justice. the president outlining some of the changes that he says should the nsawith regards to and the spying program. let's bring in bloomberg contributing editor richard falkenrath, he was the top homeland security adviser in the bush white house. richard, something the president said, given the unique power of t enoughe, it is no for leaders to say trust us we will not abuse the data we collect, for history has too many examples of when that trust has been reached. is that an olive branch to the critics? >> when you look at the details of what he is proposing, you will find that much of it remains "trust us." what i heard in the speech, and this is a very collocated --ech, was a number of complicated speech, was that a number of limitations he is imposing as president and

together let us chart a way the life of secures our nation while preserving the liberties that make our nation for. fighting thank you, god bless you, may of bless the united states america. [applause] thank you. [captioning performed by the national captioning institute] >> you've just seen the president live here on c-span. we'd like your reaction, can you phone your screen the numbers if you're listening on the radio. if you're a g.o.p. partisan give at 202-583-3886. if you don't know which side like to come down on this one, that's fine too. 202-585-3887. you can also get a hold of us on facebook.com/cspan. twitter. the hash tag is cspan chat. california.in let's go over to milton in san jose. c-span.n what did you think? >> yes, day watch the speech and disappointed both that the reforms seemed more of a band aid than substantive, and there are so many legal qualifiers about when the and wordske place like insignificant cases or in criminal cases or where there's a significant threat. there's always these qualifiers, concern is that he didn't address how i feel the n.s.a. has been

together let us chart a way forward that secures the life of our nation while preserving the liberty that is make our nation worth fighting for. thank you. god bless you. may god bless the united states of america. [applause] thank you. jenna: the president speaking just about 45 minutes on his ideas for the nsa moving forward, starting off with the defense of that agency saying that the agency is really made up of everyday americans, our friends and neighbors, who are trying to protect our national security. he then went on to some specifics what he would like to see done as far as reforms for this agency. one of the big topics we'll be discussing in minutes ahead for us will be whether or not he as president has the power to make these changes or he needs congressional approval much that will be key to what reforms actually come into play in the future. just one quick note because this is a very key one for many americans, section 215, that is the bulk metadata collection program. the president says that he wants to change that program. he does not want government holding on to tha

together, let us chart our way forward that secures the life of our nation while preserving the libertiesor. thank you. god bless you. may god bless the united states of america. thank you. >> that is the president in his speech, for a world in his words remaking it's with dizzying speed. talking about the state of data surveil in this country and around the globe. couple of major changes. the president talking about more executive oversight of intelligence, more declassification is clearly on the way. and then the main headline, a remake of what they call section 215, that bulk metadata program. the president tried to move it into a transition where the government no longer holds that bulk metadata. a lot to absorb. eamon, walk us through what's important. >> carl, you put your finger on it. the rule news here is the news about how the nsa will handle and query that massive database of telephone metadata from around the world. the president saying here that the united states will no longer access that database without a court order to do so. that's something the nsa had been free to do b

charts, of technical analyses. they can't believe that this old dog fundamentalist has any use for charts, let alone that i devote anire chart to teaching you how to read them. i like to know what they're saying and meld that with the fundamentals. let's consider apple. here's a stock that took off on ceo tim cook's interview where he talked about how the company is going to take the company by storm because of his new deal with china mobile. even under steve jobs the company never attempted to do anything this bold. it's bold because lots of people figured that the chinese won't pay apple's inflated price point. let's stick with samsung. we're not sure what the buyers will look like so there is a sense of the unknown. i contend that samsung has lost its edge and pretty much everything lately including marketing. it had been so strong but it's faltered, something i think most commentators disagree with. i don't care. apple no longer seems to get the benefit of the doubt. three quarters ago the company was heckled on its conference call for not putting enough emphasis on china so what does tim cook do? he makes it hi

patterns that have worked best in five years of doing off the charts here on "mad money" so you can use them correctly and become a better investor. let's get back to the nasdaq 100 or russell 2,000. check out this long-term monthly chart of the qqq. that's the etf that tracks the nasdaq 100. first of all, when you look at the williams percentage r oscillator down at the bottom, which measures whether security is overbought or oversold, you can see the nasdaq 100 has literally been in overbought territory since the middle of 2010. typically overbought is bad. it means you come up too far, too fast and are due for a correction. when something can stay overbought for 3 1/2 years, that tells you it's riding an unstoppable trend. stocks can stay overbought longer than anyone expects. and that's what's called embedded overbought. then there's the moving average convergence indicator or the macd. technicians use it to detect changes in momentum before, not during or after, but before they happen. the macd flashed a big fat buy signal where the black line crosses above the red one in the middle of last year, you can see that. and it continues

patterns that have worked best in five years of doing off the charts here on "mad money" so you can use them correctly and become a better investor. let'scheck out this long-term monthly chart of the qqq. that's the etf that tracks the nasdaq 100. first of all, when you look at the williams percentage r oscillator down at the bottom, which measures whether security is overbought or oversold, you can see the nasdaq 100 has literally been in overbought territory since the middle of 2010. typically overbought is bad. it means you come up too far, too fast and are due for a correction. when something can stay overbought for 3 1/2 years, that tells you it's riding an unstoppable trend. stocks can stay overbought longer than anyone expects. and that's what's called embedded overbought. then there's the moving average convergence indicator or the macd. technicians use it to detect changes in momentum before, not during or after, but before they happen. the macd flashed a big fat buy signal where the black line crosses above the red one in the middle of last year, you can see that. and it continues to be positive territory today. the qqq hasn't

dennis: let's talk about fans, a chart made up for us, the amc stock offering, turns out -- >> the idealyour web site did not sell on the first day, 93% held, amc after a month, alleging% actually bought more. going back to the old days of loyal fans and investing. >> back to the future and she did this because they care about multi members, they care about their employees and so they made their stock available to our platform and look what happens. people show more of finnerty, more care and hold on to the stock. it makes sense for the company and the individual. dennis: you were telling me studies show when a fan -- that is how dell created millionaires, people used the computer and bought the stock, reebok did the same thing. when a fan buys a stock and the company does trouble instead of selling the wall street does the fan often buys more. >> absolutely. i asked a question. why should the everyday person be locked out of ideas? why should they be locked out of the market which they are from an economic perspective? our platform makes it easy for them and free for them and allows the

chart talk is next. james ramelli of keene on the market dot com joins us now. we have a lot to get to. let's start with yahoo. earnings came in after the close and the stock sld off. what do you think is likely for today? >>the stock popped initially and then as we got a better look at that report the stock then did start to move lower. they're implying a roundup move of $2 with an upside target of around 40 and a downside target of around 36. i wouldn't expect the stock to head to o much lower than 36. i think it would probably settle around there on friday. i was long this one going into the release. i think a lot of people expected this stock to go higher. a lot of macro events coming out tomorrow could put a bid in the overall stock market that could help yahoo. i'm going to hold out on my long and see how it plays out. >>yahoo actually came in line with expectations if not a little bit better. it was just the sales number that maybe freaked some people out. apple is becoming problematic for a lot of people. the stock had a big dive yesterday. what do you think is in store for the future

let's spend some time on that. i'm going to put up one of my favorite and often used charts here. mr. tonko, you'll recognize this. mr. tonko: absolutely. mr. garamendi: it's the make in it -- make it in america chart. it's the revitalization of manufacturing in the united states. i could probably give your speech on the industrialization of the state of new york. i'll let you do it, however. but these are the issues that we think are critical. we've spent most of this night talking about this one, labor. last week i said we would pick this up. and we are. and particularly focused on women in the labor force. but here it is, trade policies, international trade, i gave a speech this morning on the martime industry, the decline of the martime industry, the necessity of maintaining it. we are a martime nation. we have oceans surrounding us, whether it's the arctic ocean, the pacific ocean, the caribbean or the atlantic ocean. so it's trade issues. tax policies. why do we continue to subsidize the wealthiest industries in this world? the oil industry, why do we continue to subsidize the o

charts tell us? >> i'll go the other way. this is actually a compelling technical setup with an activist hedge fund kicker and that's what makes it a nice buy for me. first let's short term chart and i will show you why i like this stock. up 50% last april, this is just a classic strong stock chart. we have now exploded into resistance at the high end of that very well-defined trend channel. but if we zoom out and we look at a very long term ten year weekly chart, this is where the magic happens for dow. you see that 87% decline from almost $60 down to $6. that's bad. but the bullish breakout from a multi-year ascending triangle is very good. in the process, we have now taken out a ten year down trend that takes us all the way back to 2004. this is a stock that could have $20 of upside from current levels. i would be a buyer on that breakout. >> where the magic happens. thank you very much. one buy, one sell. two completely different views on this stock. >> takes a buyer and a seller. >>> speaking of magic, be sure to check out the online version of yahoo!. there you go. i was going to ad-lib something about the dow being down only 35 points right now. who sai

specifically used google searches, twitter, birth d.a., and kneelson ratings to show a 5.7% decrees in teen pregnancy as a result of the show. . gerri: all right. let's take a look at the chart. i'm shocked they are tagging to the television show. didn't -- didn't it initially glamorize pregnancy? >> well, that was the word on the street. and mostly word from the adults. it's interesting, even prepared today for the segment, that's what everybody said. they were shock at the results. if you look deeper at the statistics here, 77 percent of the teens who watch this, said what it does is it gives them the real world consequences of parenting and having a baby. that is what they were able to look at for the causialty here. gerri: it's not used to reality tv. anybody learning anything at all from reality tv. it's something as a shocker. >> i'm with you. gerri: what role do parents and celebrities play. who is more important in helping teens figure out what to do? >> well, gerri, there's a misnomer that celebrities are that are more important. it's not the case. what adolescents tell us all the time is that parents are the most important. that's really true across the board in th

let's start with apple which has become a value stock, the polar opposite of twitter. look at apple's weekly chart, the last time we checked in five weeks ago, she told us starting at 575. without a breakup over that hurdle, apple would be vulnerable to a corrective decline. and sure enough, that's exactly what happened, which is one of the reasons we're right back with her. boy, did she nail this. how did she know precisely where apple would run out of juice? i explain this, but the short answer is that brodin's work is built on ratios discovered eed fibonacci. 50%, 61.8%, they repeat themselves over and over again in nature and bizarrely also seem to show up in the charts, too. that's pretty amazing given there's nothing natural about the stock market. what brodin does look at the previous swing and runs them through the filter of ratios to find the key levels. when she spots a bunch of these fibonacci ratio, that's how she knew the area above 575 would represent at least a short-term ceiling for apple. hits it, bounces. now the pullback predicted has come true. what's next for apple? brodin still likes what the charts are saying about apple longer te

charting the right course is proving a little tricky. a special record when "first up" returns. . >> welcome back. thank you for joining us. let'shead at some of the main advance we will be following for you after earnings disappointments for samsung and hyundai. gt is the next korean heavyweights report results. they will be looking to basically rebound from a loss that came on the strengthening won. policy makers meet tuesday in india. the central bank has raised rates to control inflation. they expect no change of this time around. badlyar may have ended for nintendo. we will get the december quarter results on wednesday. it covers the annual loss nintendo warned about on lower console.the wii u samsung results the day before the chinese new year. sam's is writing the boom that has brought millions of chinese gamblers to macau. we'll probably see this over the long weekend. the luxury yet world has china and its site, aiming to tap into a growing number of wealthy buyers. it is proving something of a hard sell. >> it is party time at the mayfair hotel in london. they are here for a once a year to get together. there is one qu

use and that is flat. okay? let's look at some two-week charts, and remember, right in the middle of that is the beginning of theto tens and i formally don't look at twos to tens. what's the point? you know, draghi made the promise this morning and ben made the promise and yellen will make the promise to keep interest rates as low as we can for as long as we can. but with short maturities it isn't necessarily doing what they think. twos to tens has flattened nine basis points since the beginning of the year from a 264 to a current 255. open the chart up for a year, and, yes, it's only a little nib at the end, but look what happens when you go a little bit more down the curve. look at what happens fives to tens. same dynamic if you look at the two-week chart it flattened eight basis pioints since the first of the year. a big different story this year and the big story is we're about ready to test the flattest fives to tens since september. this is a very important point to concentrate on with regard to the efficacy of central banks. now, if we switch gears but still stay on central banks, look at the dollar index

chart and see this turnaround we've had since midday. >> let's talk about the markets in our "the closing bell" exchange. joining us now is rebecca paterson david kudlow anthony chan from chase, and kenny from o'neill securities. our own rick santelli is along as well. kenny, to you first. how does it feel down here after the carnage late friday afternoon? >> you know the carnage, let's not overdo it it wasn't carnage in the sense it was a bloodbath. there was a reassessment. today we've had this 20-point swing in the s&p. now we're rallying back. 1788 yshish is a level where it wants to find support. you can feel them wanting to push it back there and try to close it at that level today. but by no means do i think this correction is over at all. i think there's more to come. i think no matter what apple does tonight apple is just one company. i think there's bigger issues that the market has to deal with. >> and we want to hold this thought for one second. do you have any or news on the herbalife story you mentioned moments ago? that stock, of course moving higher by 69%. >> there was some news i delivered that ti