are you there, mark mobius? he called in on the phone. e mark if you'd like. >> i don't really -- >> you want my views on emerging markets. >> he speaks all these different languages. >> my accent is off, too. >> we'll get him back here. he's calling on a phone. we have dropped calls all the time. >> is that -- what carrier is that? >> we're waiting. >> coming up next, we go to break with a little "hotel california." former wells fargo chairman dick kovacevich will join us as well. news from jcpenney, the retailer and miding its stockholder rights plan. the chain lowers the threshold for a personal group to become a, quote, acquiring person from 10% to 4.9%, the change reduces the likelihood of an ownership change occurring and part of this is a function of all the nols, the tax benefits that the company has. we're coming right back, hopefully, with mark mobius if we can get him on the phone. and guaranteed one-second trades. and at the center of it all is a surprisingly low price -- just $7.95. in fact, fidelity gives you lower trade comm

mark mobius says he still sees fundamentals in emerging markets despite major wall street banks beingsh on the air. says there is a great opportunity. situation where institutional investors and other investors in the u.s. are overweight. they have to diversify or else they will be in trouble. >> millions of the u.s. are being urged to stay indoors to coldct against the bitter snap. record show tuesday was the coldest day in record years. chicago had a temperature of -20 degrees celsius. that was colder than the south pole. hello. welcome back to "countdown." the latest stop of the u.s. treasury jack lew's european tour takes into berlin. for more on what is on the agenda, we are joined by hans nichols. he is missing the u.s. weather. [laughter] >> when he was the chief of the white house staff, he was lovely. there are two sides to his trip. he can be a good cop or a bad cop. separate almost two issues. the banking unity has been pretty positive on and gross growthting -- stimulation. clearly -- some xcessries have ec capacity. >> we welcome the progress that france and the partners

billionaire investor mark mobius says he still sees fundamentals in emerging markets despite major wallbearish on the sector. in an interview with bloomberg, emergingys em to markets are a great opportunity. >> investors in the u.s. are overweight u.s. they now have to diversify, otherwise they are in trouble. force helicopter has crashed in the east of england, killing all four crew members. the helicopter, similar to the one you see here, crashed during a training mission on the norfolk coast. >> the netherlands' largest pension fund like having israeli banks because of their ties to west bank settlements. -- boycotting israeli banks. elliott gotkine has more. >> as an individual action, it is not terribly worrying. they have confirmed that i they have taken away investments from israel's top five banks. newspaper,o ha'aretz bank shares have not been suffering. that such a move sense, the precedent it sets is what matters and what will be causing concern in israel today. to adhereis saying, to international law and to keep in sync with their own corporate social responsibility practic

mark mobius and thomas per easy, those two will be joining us during the 8:00 a.m. hour. this morning, we start with the markets. the dow closing at six-week lows. futures at this hour are indicated higher. dow futures up by about 100 points. the s&p futures are up by just over 9. yesterday, it looks like things were starting out strong. they gave that back by tend of the session. this is a pretty momentous

. >> what we've seen in emerging markets, mark mobius was on last week.lose to the growth potential still ahead of these areas of the world. so you'll have these periods but you've got to be there. is that, in your view, the same? >> i think the long-term bull case that you hear from consultants and other experts is that they beat us on demographics, right? the populations are younger, the developed market populations are older. the growth differentials are clearly positive for em. em is sensitive to capital flows, money going in, money coming out. >> the fed can affect it. a consultant is a guy from out of town who doesn't have a job, like a mackenzie guy. >> consultants who advice pension funds, endowment funds. >> those type of funds. >> yes, very long-term oriented folks who advise endowments. >> how should we watch what turkey tries to do? that was going to be a test case for whether raising interest rates could defend the currency. we don't know whether it will work at this point. >> i suspect it will not work. rising rates will slow growth. in turk