i am mark crumpton. we are in new york. i will see you again in 30 minutes. "money moves" is up next. ♪ to gocome to "money moves where we focus on alternative assets. we will show you what investors not to brewers are doing about as well as what is going on in hedge funds, real estate, and more. kkr making a multibillion-dollar purchase.and theirey are increasing exposure in the sector. a value oriented investor will be our guest, why he is winning apple'sin canada area numbers will show just how many people bought ipads and iphones during the holidays. beat walllyst has street estimates 70% of the time. there is a bipartisan effort in congress that of x and current farm bill. this could take a whi le. it does affect everything from the cost of the food to hat you eat, to the milk that you buy. >> where of the savings coming from? $5it basically paid farmers billion a year for being farmers. that has been illuminated in this bill, and that is going to end up largely being substituted with some new farm programs. it is still a net savings. the other thing is

i am mark crumpton in new york. ♪ ," whereis "money moves we focus on alternative investments.irdre bolton. president obama is continuing his four-state to are pushing what he calls an opportunity agenda, building support for initiatives on higher wages, retirement savings, and education. the president was in maryland and pennsylvania yesterday. is york hedge fund scout shutting down. at firm will return 90% of customer funds by april 1. it manages about $6.5 billion. traffic is moving around atlanta after a crippling winter storm. officials worry -- are warning that icy roads remain a threat to travelers. police responded to a number of accidents. speaking of the cold and the energy play, weeks of wild weather have caused explosive volatility in natural gas futures. surging more than 10% yesterday, the highest and four years. su keenan has more. andare finding ceos consumers are bracing for the effects of higher energy costs. >> it will be depending on which side you are run. consumers are going to get sticker shock on utility bills. the ceo of southern company, experiencing s

i am mark crumpton. we are going to talk about health care.y things are still not perfect, but saying things are up and running. remember, april the target for enrollment is 7 million. they are not going to hit that come are they? >> are we still talking about obamacare? rex you an interesting angle. one of the points you made is that we have effectively outsourced this website to that is headquartered overseas for tax season. we outsourced to an outsourcer. do not have really strong feelings, but i was surprised that no one made it an issue so i brought it up. they had an ipo somewhere around 12 years ago. what is surprising to me is this is a company for ages that has been criticized for incorporating overseas. a few years ago they were incorporated in ireland. lex now they are benefiting from our tax dollars. >> ireland is a major tax shelter for u.s. companies. >> it brings this in another direction, which is whether or not we have the budget -- best tax policy. a secondealth care for . we probably are going to still be talking about it in

let's get straight to new york and mark crumpton. >> thank you so much.s get you caught up on the markets right now. stocks are heading for the biggest three-day drop since june. led by losses in the emerging markets. earnings --forecast they topped estimates. royal caribbean shares are surging after it posted a fourth-quarter profit compared to a loss a year ago. ♪ >> this is the early edition of "bloomberg west." you can also catch us at our later time. now for your top headlines. ukraine may be on the verge of a state emergency. the justice minister is considering declaring one after a government protester briefly took control of the justice department headquarters. the state of emergency would allow their embattled president to expand his powers. a new acquisition in europe. they are buying a dutch broadband provider for $6.7 billion. a premium over the friday closing price. the move. globals dominance. and prices are down for super bowl tickets. it may be the lowest since 2002. there are concerns about the weather in new york. the average price to wa

i am mark crumpton, thank you for joining us.ting to see another global selloff. -- don't industrial average the dow down 55 points. declineaq leading the down 1.4% at 4070. volatility in the emerging markets skyrocketed over the most in two years. the bears are outweighing the bulls at this point, i am joined nikolai. what is shaking investor confidence? ,> we have the perfect storm the central banks scaling back. we had some data out of china last week, we have no debts in tf -- protests in the ukraine. the emerging markets are seeing some political turmoil, and that is scaring investors. we are seeing the perfect example of how the option market , and they wantrs to buy insurance against market selloff. nikolai, how much of this could be driven by concern about possible fed action? further cuts to stimulus? >> the micro crisis, if you will, in turkey, ukraine, thailand, and so on, we have had this move in emerging markets because of the monetary easing. this is a continuation of that whole trend. agilitywith this goal -- volat

i'm mark crumpton. interesting day, a turnabout from yesterday. dow jones invest -- dow jones industrial average up .41%. the s&p is at 1780 eight. nasdaq is trending lower. a couple of movers we are keeping our eyes on. first, herbalife. shares are dropping after the new york post reported that canadian regulators are investigating the company over complaints that it has a pyramid structure. herbalife is already facing scrutiny in the u.s. and china over similar charges. we are also watching apple. shares of the tech giant are falling after iphone sales in the holiday season fell short of estimates. activist investor carl icahn to good vantage of the falling price. he announced on twitter that he has purchased $500 million worth of apple shares. will have more coming up in half an hour. i am mark crumpton. quakes this is "lunch money" on bloomberg television. i'm adam johnson. in today's moving pictures, where the video is the story, the prime minister of the ukraine has stepped down. he hopes his resignation will diffuse the country's political

mark crumpton joining us from the breaking news that. -- rickey news desk. jason kelly is aside me now. he is an and now that he is an he is anraves -- atlanta braves fan. i saw you do that one person wave. >> i did. >> this is your years. >> i feel like i almost need a moment here. this is huge news. as someone who grew up a braves fan and watched ted turner put on ostrich races on the infield back in the 80s, this represents the golden era of atlanta braves baseball. and was talking about bobby cox. -- these arevery multiple young award winners. the error some of the greatest players ever to take the mound. this is very exciting for braves fan. >> jason going from his one-man atlanta braves connection wave to private equity. talking --e been larger theme -- investing in real estate and having more and more private equity firms. what are you hearing from your sources? >> it is interesting to go at it from a private equity angle. we look at private equity as a leading indicator. they tend to buy when other people are not buying. for the last year or two is a

mark crumpton here with everything you need to know on trade. what do you see?breaking news to start. walt disney said to be close to an agreement to settle litigation with dish network over ad skipping technology, according to two people with knowledge of the situation. the technology at the center of the battle allows dish subscribers to automatically skip commercials on recorded shows. disney is also involved in litigation with at least three other companies over similar technology. we will continue to follow that story and bring you more information as soon as we get it. let's get you caught up on the markets. stocks are paring losses today, admits that slump in emerging market currencies. the dow industrials down half a 5769.nt, 15,000 7069 -- 1 nasdaq is down fractionally. we have a big read on tech when disney, zynga and amazon reported earnings after the close thursday. ari leavy joins us from san francisco. what is this earnings picture telling us? >> when you look at google, you're looking at a company that is benefiting tremendously from online advert

i am mark crumpton.aining their strides after yesterday's up and down session, seeing green across the board on wall street with the and we areials up, watching ubs, the shipping giant, who said fourth-quarter profits fell. we are also watching a sports apparel company that is beating estimates. we are back in minutes. ♪ is "lunch money" on bloomberg television. today's moving picture, where the video is the story. sickresident taking a leave. conditionespiratory and also a high fever. this is according to the website. this is him meeting with an eu official. no indication of how long he might be bed ridden. not a lot of sympathy from protesters, who still want him to resign. minusatures there are four degrees fahrenheit last night. passengers got sick. peopleise -- hundreds of had stomach really -- stomach problems. leftlanta, ice storms have thousands of street -- of people stranded. some stores took in as many as 300 people. the vice president spoke to people this morning. localwent to establishments

for today's headlines, let's go to mark crumpton. >> actually, i'm in for mark. >> my radio cohost carol nassar! >> goldman sachs falling the most in two months creating nearly $16 billion and dropping 13% last year. the trading business representing 46% of the firm's total revenue, the lowest percentage since 2002. citigroup all but took a tumble suffering the biggest drop since june. net income more than doubled. chuck e. cheese has agreed to a takeover. the deal valued at $1.3 billion including debt and apollo will pay $54 per share with an all cash deal with the company's owner, cec entertainment. "bloomberg businessweek" with nba commissioner david stern. >> how to manage an enterprise that continues to grow. every successful corporation has to deal with that because they are going to have so many markets crawling out for so much development -- that -- so much development. we had that when we were 24 and now when we are 1200. >> we will see what happens on february 1. >> i feel like i have some chuck e. cheese all over me now. we are in different parts of the newsroom. best buy plun

i am mark crumpton in for pimm fox. this hour we focus on things that are ready to take off. air cap makes a $5 billion deal with aig. the company is set to become a leading global franchise for aircraft. plus, the top executive from a digital mini company that is adding 25,000 companies per day. we will tell you why they are considered the youtube of publishing. plus, why lindsey vonn will take off once she returns from injury. all that and more over the next hour, but first, headlines with su keenan. >> thank you. new jersey governor chris christie gave his state of the state speech today. he told lawmakers to move beyond the traffic scandal. >> what has occurred does not define us or our state. this administration and this legislature will not allow the work that needs to be done to improve the people's lives in new jersey to be delayed for any reason. >> state and federal officials are looking into the bridge scandal and the hurricane sandy ad campaign that featured chris christie. $2.6 billion in settlements were paid by jpmorgan with ties to the bernie madoff ponzi sche

that is it for "on the market start" i am mark crumpton. ♪ .

let's get to mark crumpton. >> thanks so much. 90 minutes left of trading in january.s the color of the month. look at the boards. now industrials down three quarters of a percent. of market movers, mastercard part of the selloff, shares of the second-largest u.s. payments network tumbling after it missed analysts's limits. a 30% rise in profits after luring her customers through its doors. ♪ quickly i just about 30 minutes away from the closing bell. >> it is almost the weekend. on everyone's mind is the super bowl. and you are going to the game. that is huge. >> i have gone for the last two games, actually. know the right people. >> i was going to say that, but did not want to embarrass you. >> i am interested to see how this is going to turn out, particularly with the weather. >> peyton manning can throw in 45 degrees. who are you rooting for? >> i want to say the broncos. mike is wearing the broncos orange. enough toon was nice take us through all the surprising numbers attached to super bowl xlviii. >> are you ready for some football? 110 million people are. that

from the markets, i'm mark from to -- mark crumpton. . ." january 30, 20 14. i'm pimm fox. the theme at this hour is center stage -- nathan east spent his career playing with bands like after punk and artists like eric clapton, now he is taking center stage with his own music and his own album. we will discuss his life as a musician. the first mutual fund devoted to 3-d printing and attitude manufacturing. we will find outt

i'm mark crumpton.e breaking news desk here, we are getting word from jcpenney that it is pleased with its company's holiday performance, though it did not disclose specific results. on november 20, jcpenney expected fourth-quarter comps to turn positive. management on a conference call right now. jcpenney is saying it is pleased with its holiday performance, although it did not release specific holiday results. back over to you. >> thank you, mark crumpton. we got to talk about the bloomberg markets magazine. it is out. toge funds are struggling make money. the average hedge fund only made about seven percent this year. the s&p was up almost 30%. the question becomes, how do you make money e >> -- how do you make money? >> what is my take away? only 16 hedge funds outperforming the s&p. that is a problem. the heat is on. i spoke to sandra miller -- sam druckenmiller and said, what gales -- what gives? here is what he said. thatfound it remarkable investors are paying these guys to plus 20 48%. lastre i

i want to get straight to mark crumpton. much.nk you so u.s.tocks rising today snapping that three-day decline. let's take a quick look at the boards. you can see the broader market up a 6/10 of a percent. the dow industrials up nearly 6/10 of one percent. the nasdaq up. apple taking a hit after announcing iphone sales fell short of analyst estimates. they had profits driven by sales in north america and in asia. we are back on the markets in 30 minutes. >> welcome back. 30 minutes away from the close of trading. now of 93 points. gold down $12 shows the calm coming off of the emerging- market turmoil last week. dollar yen weaker. 102.87. they yen doing a little bit other. argentine peso are what the pros are watching. a little bit of weakness. that will mean a lot of rhetoric to calm down. there is the data check. pre-k's a little bit jumbled. i want to get us caught up on the headlines here with companies. .co -- yahoo! reporting after the belt. investors will look at whether the ceo, has she been able to turn around the slopping -- something

i am mark crumpton. >> i am trish regan. of concerns about the global economy causing a steep decline in the dow. china, othert emerging markets around the globe. >> google announced it will pay $3.2 billion to acquire another company. some have said it is too expensive and evidence of a bubble in silicon valley. can you really put a price on innovation? just today, the ceo told why he sold to google. >> we have been producing new products. we have wanted to roll them out to multiple countries. there are 96 countries where we do not sell. we cannot get there fast enough. going with google, we could get and access to resources to allow us to move these products around the world more quickly. as a small start, you have to build all of it. >> of course, the $3.2 billion did not hurt. >> barry ritholtz wrote about the deal. googletained the risk to is not the cost of such acquisitions but the potential risk to the core business down the road if failing to do so. we will hear more from barry on that. also joining the conversation

i'm mark crumpton, thanks for staying with us.action on wall street -- kind of a rocky day early on and then the rot -- than the markets trying to regain some of what they lost earlier. as you can see, a down day on lower,eet with markets the nasdaq down by more than 1%. wasbroader market s&p 500 down nearly .5%. the dow jones industrial average falling .25%. today's fluctuations follow the biggest weekly drop on the s&p this month. to help us make sense of the market, i'm joined by michael james, the managing director of wedbush out in los angeles. what was behind today's bounce? >> i think a little anxiety spilled over from thursday and friday's big 500 point decline on the dow. little unsure of what was going to happen on monday after you went home friday afternoon. things started off very positively in the overseas market. the emerging market for kind of spread to everything. people were concerned with managing positions, reducing liquidity, and preparing for what could potentially be a in the lastdown couple days. is it going

for today's headlines, let's go to mark crumpton -- >> actually, i'm in for mark.ohost carl nassar. >> goldman sachs falling the creatingwo months nearly $16 billion and dropping 13% last year. the trading business representing 46% of the firm's total revenue, the lowest percentage since 2002. citigroup all but took a tumble suffering the biggest drop since june. net income more than doubled. cheese has agreed to a takeover. the deal valued at $1.3 billion including debt and apollo will pay $54 per share with an all cash deal with the company's owner, cec entertainment. "numbered as this week" -- "bloomber gbusinessweek" with nba commissioner david stern. how to manage an enterprise that continues to grow. every successful corporation has to deal with that because they are going to have so many markets crawling out for so much -- so much -- that development. we had that when we were 24 and now when we are 1200. >> we will see what happens on february 1. >> i feel like i have some chuck e. cheese all over me now. parts of theferent newsroom. best buy plunging nearly

let's go to mark crumpton in the newsroom.gs total sales at a con are down 7.4%. the total comp sales year to date due 3.9%. showing in loss of $65 million and they are also seeing the fourth quarter domestic adjustment. $20y are at $80 million to million. right now.wn 13% of this point. >> we were just talking around this time yesterday about macy's laying off 2500 people. down on that news. the stock is off 14% in after- hours. we will be back talking about millenial's. what is wrong with them? maybe it's not their fault? we explain next. ♪ >> according to a recent study, the number of people diagnosed with attention deficit hyperactive disorder skyrocketed. our next guest says it's not all your fault or their fault. get you back on track. we want to welcome back simon on "street smart." we are talking about millenials and they're scattered brains. we talk about this attention deficit disease, hyperactivity. you have a theory that the parents are to blame? clacks clacks they have contributed. -- >> they have contributed. a f

mark crumpton has it all in new york. >> thank you. let's get you caught up on the markets.ending that rose at their fastest pace in three years, lifting the markets higher this thursday. checking the board shows the nasdaq. ahead on the the s&p 500 is up over a full percent. the dow industrials is up nearly three fourths of one percent. 15,849. in fixed income treasuries coming up off their lows for the day, an auction of the seven year note jew higher than expected demand. joining me now with more on the bond market, jim keegan, chief executive officer were $30 billion of assets. was going to continue producing those bond purchases, the ten-year backed off the three percent psychological level. what does that mean for the market as a whole gecko -- as a whole? >> stopping quantitative easing and or slowing it, what actually happened is interest rates have fallen and stocks have fallen, not rise. exactly as it has with qe1 and qe2. we are not at all supplies by it. they made it very clear they will be on hold for a long time. think at least until 2016, but you could make th

mark crumpton. >> thank you.tial jobless claim -- claims number is out. .30,000 initial jobless claims at 330,000. the revised figure of 345 is the number we are getting here in as michael mckee has been telling us over the past couple of days. the jobs numbers will be important. they may be driving the discussion in washington, especially going forward because of the debate we are now having in the nation's capital about the unemployment insurance. all of this is tying together nicely were not so nicely for members of the united states congress. the initial jobless claims number, 330,000. back over to you, adam johnson. >> thank you. we have not moved a whole lot on those numbers. we were up and are still up and you could say the dow futures came down. we are up a quarter of a percent. you are seeing movement in the 10 year, the move was about three percent and now to 97 and maybe 298. groundup a little bit of on the yield. >> it is still part of the year where we do not pay a lot of attention to jobless claims.

mark crumpton is in new york. you caught up today's trading action on wall street on this last day of january 2014. stocks falling, pushing the s&p 500 to its third weekly loss, a slump in emerging market currencies into new to weigh on the street. the dow industrials down half a percent, 15773. broader market s&p 500 down a quarter percent. the nasdaq is down fractionally. 4167. been a rough month for the markets. broader market snp on track for its worst on three decline since may 2012. you know how the saying goes, as goes january, so goes the year. so will that adage holds true this year? manager from stifel nicholas is with us now from his office in new jersey. chad, is that adage going to hold true this time around? >> i do not agree with that adage. i believe we will be going through a re-adjustment period. year was riding the wave of liquidity courtesy of the federal reserve. i do believe this year in 2014, adjustment, to 15% one that has been long-awaited. the economy in the u.s. is improving, gdp growth

mark crumpton in new york. >> let's get you caught up on the markets.tocks continuing their decline. emerging market turmoil to blame. boeing, the world's largest playmaker, the biggest drag. they reported fourth-quarter earnings that beat analyst estimates. tupperware reporting a surge in profit thanks to continued strength in emerging markets. >> welcome back to the early edition of "bloomberg west." , for your bloomberg top headlines. you are looking at live pictures of the royal caribbean cruises ship carrying hundreds of sick passengers returning to port in new jersey. they are returning to new jersey after 600 passenger and crew got sick. another partrea, of the deep south is recovering from the snow and ice storm that caused major gridlock. many were stuck on buses. blanket the of snow area. part of the national guard had to be called in. super bowl price of tickets is rising. the forecast is now calling for a clear day with temperatures around 38 degrees. when the denver broncos and seattle seahawks take the field to brave the temperatures, they

i am mark crumpton in for pimm fox. this hour we focus on things that are ready to take off.ir cap makes a $5 billion deal with aig. the company is set to become a leading global franchise for aircraft. plus, the top executive from a digital mini company that is adding 25,000 companies per day. we will tell you why they are considered the youtube of publishing. plus, why lindsey vonn will take off once set

. >> i am mark crumpton. welcome to "street smart."ing into the final minutes of trading. stocks across the globe are tumbling. the dow is heading to the worst week since 2012. it is now off 255 points. we are seeing a selloff in emerging-market currencies. we will tell you what is behind he

mark crumpton has more. >> let's get you caught up on the markets this afternoon.cks rising today, snapping a three-day decline. thatw yesterday stocks in range of part of the day, they looked well and then toward the afternoon, trying to recruit some of those losses. let's highlight a couple of the movers, american airlines, -- the company was combined with us airways last month. they beat estimates thanks to hijack -- higher average fares. cheers of rent a center following. reported earnings that fell short of analyst estimates. its net income fell 72% compared to 47 million in the year ago period. it said competition hurt its business. again, this afternoon in new york, the markets are trending higher. we will continue to follow wall street and we are on the markets again in 30 minutes. ♪ to "bloombergk west." i am emily chang. in the next part of my interview, we talk about the reaction from the firm he founded, which has distanced itself saying it was shocked at his views and does not agree. i asked him if he understands why. all, my letterf was not about klei

. >> i'm mark crumpton, welcome to "street smart" on this thursday. >> we're seeing a lot of downsidere we are just about an hour from the close. we have the s&p and dow off better than 1%. a pretty down day all around. the nasdaq down almost a percent. we have a lot to cover. on the agenda, we're talking about h.l.f., the drama playing out on capitol hill. shares are plummeting on news that a u.s. senator is calling an investigation into is gations that the company a pyramid scheme. >> and richard sherman, his post-game interview has gone viral. we'll focus on how to manage the message without jeopardizing sponsorship dollars. >> that was unbelievable. i was feeling for erin andrews in that one. moments ago, we got news that the u.s. attorney's office subpoenaed chris christi's campaign for documents related to the bridge-gate scandal. the got news that the u.s. attorney's office subpoenaed chris christi's campaign for documents related to the bridge-gate scandal. the former campaign manager for president obama is here for the hour. david, this story is not going away, won't seem to

a former homeland security adviser with mark crumpton and scarlet fu, richard falkenrath. >> he kicked the can down the road. he says the book telephone metadata, subject to court order, was going to be transitioned out of the nsa and go someplace else. but he does not say where the someplace else is. he knocked down two of the obvious candidates, one being the telephone companies themselves, who do not want to keep it for longer than they have to come up second is some third-party, which itself is either governmental or nongovernmental. going toea is, you are preserve some of those existing capabilities. but is this tinkering on the margin? >> this is really tinkering on the margins. he wants to preserve the telephone in the metadata program. he is convinced of the utility of that. he cites the key case, one of the 9/11 hijackers who theoretically could have been identified before the attack. he is in the camp that says we need that capability in the u.s. government, and wants to modify slightly how that is achieved, but he is not specific about how. frank lee, i think it is likely th

i am mark crumpton. but get you caught up with today's action on wall street.d of a rocky day early on. the markets trying to regain some of what they have lost earlier. as you can see, a down day on the street. markets were lower. nasdaq was down by 1%. nearly .5% was down at 1781. at dow jones falling .25% 15,837. today's fluctuation follow the biggest drop in the fcc this month. to help us make sense of the markets, i am joined by michael james. thank you for your time. what was behind today's bounce echo >> i think a lot of anxiety spilled over from thursday and friday. a little unsure of what would happen on monday after they went home friday afternoon. things did not start out positively in the overseas market. emerging markets fluent everything. before more concerned about managing positions, reducing liquidity, and preparing for what potentially could be a further downturn from what we've seen the last two days. would i continue? -- will that continue? right now it is risk aversion. >> you told us earlier that you believe that there is a lot of bullish

. >> i'm mark crumpton, welcome to "street smart" on this thursday. >> we're seeing a lot of downsideut an hour from the close. we have the s&p and dow off better than 1%. a pretty down day all around. the nasdaq down almost a percent. we have a lot to cover. on the agenda, we're talking about h.l.f., the drama playing out on capitol hill. shares are plummeting

. >> i am mark crumpton. welcome to "street smart"

i am mark crumpton in for pimm fox. this hour we focus on things that are ready to take off. a deal with aig. the company is set to become a leading global franchise for aircraft. less, the top executive from a digital mini company that is companies per day. we will tell you why they are

we want to go over to mark crumpton in the newsroom, with more. >> let's reiterate some of those headlinesg that they will eliminate 2500 jobs, shutting down five stores. macy's saying that the changes will save $100 million per year beginning this year, 2014. other headlines, macy's sees fiscal 2015 earnings-per-share at four dollars and four dollars 50 cents. the estimate was $4.36. of 125ve the charge million dollars, they are saying they will eliminate 2500 jobs as they shut five stores and that those changes will save $100 million per year beginning in 2014. back over to you. took, one more story we want get to, quickly, with chuck on the set -- this is fascinating, apparently there were some e- mails obtained by "the new york times." governor chris christie, allegedly closing a lane on the george washington bridge in retaliation -- this was in september -- gridlocked for four days, apparently in retaliation or payback against the fort lee mayor who declined to endorse him. >> that is rough. here is what i do not understand about this. first of all, in his defense, chris christie said

mark crumpton has more. >> thanks so much. this was according to the u.s. attorney. the figure, 1.7 billion dollars. to resolve the claims that jpmorgan played a role in facilitating this ponzi scheme. the u.s. attorney saying jpmorgan agreed to pay $1.7 billion to settle claims. thisll continue to follow story and bring you more developments as soon as we get them. >> thank you. using up, ron johnson joins to talk about obamacare and why he is following a lawsuit over the health care law. and we are a few minutes away from the open. you will not want to miss right after this break. ♪ >> welcome back. 26 minutes past the hour. bloomberg television is on the markets. julie has the latest. >> three straight days of decline. we have not seen three down days at the start of the year since 2005. a little unusual. we may rebound today. we will see how the session plays out. a waiting game. jobs report is coming out on friday. investors are taking a wait and see approach right now. >> thank you so much. let's count down to the open with the top 10. these are the only trades

i'm mark crumpton. ♪ >> this is "taking stock" wednesday, january 29, 2014.ports and business. dan marino, long-time base of the miami dolphins franchise, talking about this upcoming weekend super bowls player safety and a second career after football. facebook, the social network, out with its earnings. sming up today on "taking

i spoke to my colleague mark crumpton and we both agreed it is a goose bump moment when the presidentalks into the chamber for the state of the union. last night was very different -- the word must way out of fashion, saying it exactly four times. dowd on the recalibration of the obama presidency. he braved deep, snow we were dan washington, d.c. this morning to be with us. carlos gutierrez with us as well, former commerce secretary. secretary gutierrez moments ago talking about little ideas coming out of executive orders. does the obama presidency become a little presidency? >> well, if you look at this, this is the incredible shrinking presidency actually. this is the weakest position he has ever been in going into one of these beaches. if -- these speeches. his approval numbers are in the low 40's and people do not trust them on the number one issue, the economy. and he does not seem to be able to get anything done with congress. what he is doing is all small all, all small things. singing the frank sinatra song, "my way," which is if people don't go along with my big ideas, it is

. >> and i am mark crumpton. erik and stephanie are headed to davos.from now, president obama will be speaking to the justice department but changes he wants to make to the nsa data collection programs. we will take you there live once that press gets underway. phil mattingly joins us now. what do we know about what the president is going to say this morning? mark, two major topline changes that we know the president is going to propose -- one immediate, one that he is just asking for in the future. on that bulk collection program, section 215, the president is going to require that as of today, the attorney general is going to have to work with the secret surveillance court to to get nsa analysts judicial approval before they query any of the bulk of data that they have collected. he president is also going to propose that the nsa no longer hold that data. is a point here -- it proposal. he has not said where he wants that data to go. there is talk of an independent third company, but he is talking about the attorney general the director of national i