his days are dedicated to lundgren's teachings and his thoughts are fueled by lundgren's words. >> it's overnight but over time, i recall it might be like a group thing where the thoughts and behavior are continuously on a daily basis reenforced by their fellow congregants or group members. it becomes difficult after a while for any independent thinking or judgmental thinking. >>> coming up -- >> there's threats of eternal damnation going on here, not just your own. it's your wife, it's your children but it's also the whole [ male announcer ] a raw nose can feel really sore. achoo! [ male announcer ] and common tissue can make it burn even more. puffs plus lotion is more soothing than common tissue, and it delivers our most soothing lotion for every nose issue. that's how it is with alzheimer's disease. she needs help from me. and her medication. the exelon patch -- it releases medication continuously for twenty-four hours. she uses one exelon patch daily for the treatment of mild to moderate alzheimer's symptoms. [ female announcer ] it cannot change the course of the disease. hospital

lundgren's commission on the security committee. a lot to get out there. we want to have a robust conversation, admiral, the floor is yours, frame the conversation. >> thank you. i appreciate the kind words and remarks. i have focused on a topic that is topical, for 20 years. i had the privilege to serve as the national security agency just after the cold war. and my worry when i checked on board, great contributions in the cold war, but back before world war ii, we were breaking and reading nazi germany codes in war time and reading them before the field commanders. if you think bit in historical context, a tremendous agency and great contributions and how are you relevant going forward and so, what i was struck by is most of what, and i say had been success in doing this exploiting of the intelligence was wireless communications. one of the things that i was told was mr. director before you leave here, 90% of communications will be in a glass pipe. they were thinking about it in a way that this volume, the global communications flow would be inside fiber

. >> we have been speaking with terry lundgren of macy's. clu >> susie: a high profile management shakeup tonight at one of the nation's biggest makers of health care products, johnson and johnson. long-time chairman and c.e.o. william weldon is stepping down. he'll leave the company in april. in the company has tapped j&j vice chairman alex gorsky as the new c.e.o. the changes come after an embarrassing string of recalls of j&j's tylenol brand-- 25 recalls over two years. that cost millions of dollars and a big loss of consumer trust. >> j and j shares gained a fraction at the regular session. >> they have been traded at $55. go ahead with the rest of the market focus. >> for the first time since before the financial crisis, the dow jones industrial average touched 13,000, but closed just below that level. the blue chips finished the session with a small gain, even though the broad market was more mixed. since it's low in october, the dow index is up 21%. but small stocks have done even better in these times of uncertainty. the small-cap ru

chairman lundgren has worked extensively on that. i know at least five or six other committees as well. it's intended to try to move that this spring to get a combined bill to go to the floor. again, we'll work with your department and the administration to ensure that we cover it as well as we can. i know that your appearance before the homeland security appropriations subcommittee this morning, you had an exchange with congresswoman lowie on the department's efforts in working with the financial services industry and cybersecurity and as you know, the financial services industry is vital to the economy of new york and the nation and i have a few concerns that we could be doing more enforcing a seamless relationship between dhs and the private sector on the issue of cybersecurity. you can answer that in your own statement or during the questions. one area which i think many of us have concerns about, and that's the significant decrease in funding for the coast guard. approximately $600 million from the fiscal year 2012 funding level

lundgren has a good one. i want to address those. i'd like to go with the commissioner and then mr. wenger and themr is portability something that's absolutely necessary in order to have an adequate guest worker program in this country? commissioner? >> congressman, did you say portability? >> portability, yes. in other words to go from pli employer to employer once they're over here or to stay with one employer. >> absolutely. absolutely. >> portability is necessary. >> absolutely. >> mr. wenger? >> absolutely. you have to have portability or it's not going to work. >> mr. wicker? >> dga supports structured portability so workers can move from one certified farmer to another. >> and mr. goldstein i know you commented on this but i don't know if you have any comment with regard to portability. >> maybe portability plus. [ laughter ] >> let me ask you then something else. with regard to chairman smith's bill. he talks about caps in his, and we can't get from the labor department what the adequate number of the farm workers we need over here. we just can't. we don't have statistics on

lundgren. >> thank you, madam secretary for being here and for your service on the state and the federal level. of course, what we are doing here is in the backdrop of the terrible economic circumstance facing us and the budget crisis that's facing us, and as one of the top leaders in our national defense said a year or so ago, that the greatest threat to national security, he thought, was this deficit. so i understand why you have some tough decisions to make with respect to a budget that you bring to us, and i appreciate very much your emphasis on risk based analysis all wait through. i may disagree on some things but i understand the tough job you've got here. let me ask you about one area that i've got specific concern about, and that's the area, of course, cyber security, working with you and others in the administration in the area of cyber security. i look at your budget you submitted. a large increase in funding for cyber security activities in the department, which i appreciate, and i applaud. and that seems to be focused specifically on the responsibility you have of kword a co

representatives lundgren, kingston and smith have introduced guest worker bills to slash wage rates and reduce worker protections and minimize government oversight and shift responsibility to the department of agriculture which has no expertise administering immigration or labor laws. their proposals would have taxpayers for a huge costly guest worker program under which employers would bring in hundreds of thousands of additional foreign workers, despite an adequate supply of farm workers among u.s. laboriers and undocumented farm workers. we strongly oppose the bills for the harm it would inflict on u.s. and foreign workers. large scale guest worker programs are anathema to american values. they take advantage of the foreign workers by depriving them of economic freedom and political representation. farm workers are human beings, not imported commodities. our immigration system is not a set of trade rules. it reveals to the world our nation's values. there are sensible policy solutions to provide the nation's agricultural sector with a stable legal labor force, treat farm workers fair

. >>> congressman dan lundgren, republican of california has introduced a bill this week to offer a $1 billion prize to the first u.s. incorporated auto company that can sell 60,000 gasoline powered cars that get 100 miles per gallon. he's calling it the excellent in energy efficiency act. and this is the answer to the democrats' push for the development of gas electric or all electric cars. the flat prize also a departure from current government incentives to buy green vehicles which some estimate could cost the customer several billion dollars. a congressman from california wants an investigator to determine whether a park reigner used excess i be force when she used a stun gun on a man walking his dogs. she said the use of the gun appeared to be unwarranted. the man was walking his dog off leash in violation of park rules and gave the ranger a pals fame and refused to remain on the scene. >>> the food and drug administration has said it's found low levels of fungicide in samples taken from florida orange juice manufacturers. the orange juice will not be recalled from stores or destr

ceo terry lundgren says they're looking for more store managers and buyers. >>> just in time for president'say, the folks at 24/7 wall street.com have done the plath. george washington was worth more than half a billion dollars in 2012 valuation. >>> a standoff at new york knick game blacked out on the city the cable system. now msg owners the knicks and time warner cable call add truce. local fans can watch their any super star jeremy lin. msg stock jumped 3% on the news. >>> late word into cnbc lin is asking for trademark protection for his name and for linsanity. >> why not? >>> coming up, why is mitt romney having a problem reaching conservatives. take a listen. >> i know conservatism because i have lived concernis iconservis. i was a severely conservative republican governor. >> look up severe. i guess it's okay. seems to have a negative connotation. i don't know. we'll debate mitt romney's severe conservative problem after the break. [ male announcer ] technology accelerates at a relentless pace. anything not moving forward... is moving backward. [ tires screech ] [ engine turns over,

i have tremendous faith in terry lundgren. i think he actually may prevail in the lawsuit.ut he's got a lot of different ways to still make a lot of money. they guided up this week. i'm not worried about macy's. i do think that jcpenney, if you have it on the registry after that remarkable run, i want you to do it on monday. let's go to bob in ohio. please, bob. >> caller: yeah, jim. big boo-yah to you, man. >> what's going on, partner? what's going on? because we love ohio on this show. i think it's where we get our most phone calls. >> caller: hey, look, it's super bowl weekend. we've got pepsico. it just sits there at 66. doritos happening at all these parties. what's going on with the stock, jim? let me know. buy, sell, or hold. >> all right. we are going to hear from them on thursday. the last quarter was not what i wanted to hear. frankly, this is one of those cases, and i often talk about it when it comes to earnings season. i debated putting it on my calendar. i don't have a good feel for the quarter. so i can't actually tell you which way if i myself have to punt.

macy's ceo terry lundgren is cashing in on a strong holiday season that boosted the retail company's fourth quarter. he just filed a sell it to 500,000 shares. a sale that could be worth more than $18 million. sears is the best performing stock in the s&p after it took steps to reassure investors it can pay down debt. the retailer plans to sell 11 sears stores to general growth properties for $250 million and spin-off 1250 outlet stores to share holders. what do you make of this move in sears today? this is, can't be the be all end all fix. >> it's probably not. again, just weeks ago, judge, when we were talking about sears and the out performance there, a lot of folks were big doubting thomases and thomasinas on that one and didn't believe it as it started to move to the upside. it gave a little pullback and if the shorts didn't cover they were in a world of hurt. to killer's point about hurt locker. >> is the short squeeze today? >> a little bit of that. yes it is. i think pete had a lot to say about the positions last night. here is karen finerman, a smart trader and long-term tra

. >> shorting ron johnson you're long lundgren? >> not necessarily. but long macy's for some time now since the mid 20s we've been long and the stock's just been performing. the reason they've been performing is they're taking market share from everybody. macy's put together a plan that they imletted and it's working. they have same-store sales are up. they're trading at a low multiple. still trading down at 11 times earnings. versus now with the stock up here, pushing $40, high 37s we still like the stock. but if there is a pullback in the market as we discussed earlier, we want to be covered. so the hedge there is to be short jcpenney where we think they're up at these levels because of the ron johnson trade. they're doing this store within a store, and trading up at 23 times 2013 earnings, they still have to prove that to me. they still have to prove that they can make all of that work and if they don't i think the stock's going to go a lot lower. >> it appears the consistent theme that we've heard throughout this quarter is about who can be profes

lundgren you one of the chairman and i'm asking to this question on the record. i will not ask for an answer. mr. lundgren is not the chairman. >> i would ask you to submit it for the record and go to mr. thompson for any questions he may have. >> thank you very much, mr. chairman. mr. pistole, i am concerned that the comments by some lobbying extension by the privatized screening has resulted in as understanding of what this would mean for the flying public. we've created this entity, tsa, after 9/11. if a similar incident occurred today, would you have the authority to direct private screening to other locations? >> under the existing contract, no. they would be limited to the later part to which they are assigned. >> so basically, the ability to respond based on incident is hampered by your inability to move private screening where the situation could potentially be? >> yes, that is one of the limitations on the process we could address a contract under the existing contract would be a voluntary aspect so i cannot direct them. >> thank you. >> in your experien

. >> terry lundgren sell 500,000 shares. big thing in nantucket, i don't know. >> $18 million he's going to get from the sale would go toward buying a new home. >> i think that's what you do. still seems inexpensive in the hamptons. >> can 18 million bucks get you anything in nantucket? >> that's a darn good question. i don't know. >> parking space. >> how about gap -- >> just financial engineering? >> i think so. insiders have been selling. they're buying. >> not great margins there at the gap. >> old navy. >> nobody really talks about the gap. >> 32.8% margin down from 38.2% margin. you can talk about -- cotton costs have actually abated. >> yes, yes. >> you would think that wouldn't necessarily be such an issue. it could be other things. >> i've got to circle back to sears for a second. >> let's do it. >> the conference call yesterday. talk about brand management. they're talking about doing a lot of things. they'll spin things off. this is what i thought lampert was fwoigoing to do initially. they lost years here. lost y