what they've done -- i'm going to start with you, mark simone.e new regs have done is they've expanded the definition of religious institution that's are supposedly exempt. from churches to religious schools, hospitals, and charities. doesn't have to be catholic. could be anybody. but they have expanded the definition. but as i understand it, employees can go and get contraception, including the pill after, by going to the insurance company that is used by the institution. and the institution, which is self-insured through the insurance company, they've got to pay for it. somehow. so i don't see what's changed. they've expanded the definition, but what's changed? >> it's simple. they've made it much more complicated than it already was. >> right. >> it wasn't complicated enough and they've figured out away to make it cost even more and make it harder to keep track of. this is your government in action. >> it's true. the whole idea here was that okay, let's just use the catholic church for a minute. that the church would not have to pay directly f

congressman meeks, mark simone, and robert costa are still with us.cott, welcome back. 76% want spending cuts and tax hik hikes. your polls aren't quite that clear. tell me who's right and who's wrong here. >> we do find the same thing for long-term deficit reduction. and like the pew poll we show that even people who want a mix want it heavily weighted to the spending cuts side. americans are willing to pay a little bit more in taxes to balance the budget if they believe spending cuts are real. however, they have absolutely zero faith that anybody in washington has any interest in cutting spending. and right now that's what we're seeing in the sequester deal. >> did you hear that, congressman meeks? they have zero faith in congress cutting spending. >> go back. the president offered a big deal that can't get passed. he offered it to the speaker. speaker couldn't get it done. i would love to have a bigger deal. let's snatch off the band-aid instead of taking it off slowly. i think you have a number of individuals who would be willing to do that if you

. >> simon, down to you. >> we should mark a shocking development from catholics from the vatican.ope benedict is stepping down saying he no longer has the mental or physical strength to cloak with the ministry. thake the 85-year-old german pope the first pontiff to step aside. many within the vatican itself were caught off guard, it would appear. even his inner circle unaware he was about to abdecate. >> by the end of the week we should see us airways and american merge. is this the consolidation play when it comes to airline stocks in when you see the numbers, you might say, maybe so. that story when "power lunch" returns. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> welcome back to "power lunch." i'm josh lipton with a cnbc market flash. analyst with fossil's report due out

it they have gone like that even thought you know i'm guy simon rose is absolutely right i'm going to change my view we're going to. tell mark carney i'm sorry but you've got to stick to inflation it's in the bank of england act two percent stick to it stop letting it run out of control and they have to listen ok so it may be that pigs may fly what is markets coming in there's talk of adopting what's called nominal g.d.p. growth getting away from inflation targeting is a part can you summarize what that sounds to me as if they're just making another excuse to print more money but i'm sure that's exactly what it is but that but like as with quantitative easing what they're going to do is cloak it in nice name nobody really understands so nobody appreciates what's happened until it's too late and the inflation catches on the bottle ok now let's talk about another fraud here i think you've been covering also interest rate swap scam there isn't an argument that can be made from our creditor bank of england creates this point the more fraud is committed by those receiving that credit in other words ok they are releasing more mone

it they have gone like that even thought you know i'm guy simon rose is absolutely right i'm going to change my view we're going to. tell mark carney i'm sorry but you've got to stick to inflation it's in the bank of england that two percent stick to it stop letting it run out of control and they have to listen ok so it may be that pigs may fly what is market is coming in there's talk of adopting what's called nominal g.d.p. growth getting away from inflation targeting is a part can you summarize what that sounds to me as if they're just making another excuse to print more money but i'm sure that's exactly what it is but that but like as with quantitative easing what they're going to do is cloak it in nice name that nobody really understands so nobody appreciates what's happened until it's too late and the inflation catches on the bottle ok now let's talk about another fraud here i think you've been covering also interest rate swap scam there isn't an argument that can be made from our creditor bank of england creates this point the more fraud is committed by those receiving that credit in other words ok they are releasing m

it they have gone like that even thought you know i'm guy simon rose is absolutely right i'm going to change my view we're going to. tell mark carney i'm sorry but you've got to stick to inflation it's in the bank of england act two percent stick to it stop letting it run out of control and they have to listen ok so it may be that pigs may fly what is markets coming in there's talk of adopting what's called nominal g.d.p. growth getting away from inflation targeting is a part can you summarize what that sounds to me as if they're just making another excuse to print more money but i'm sure that's exactly what it is but that but like as with quantitative easing what they're going to do is cloak it in nice name that nobody really understands so nobody appreciates what's happened until it's too late and the inflation catches on the bottle ok now let's talk about another fraud here i think you've been covering also interest rate first wops scam there isn't an argument that can be made from our creditor bank of england creates this point the more fraud is committed by those receiving that credit in other words ok they are releasin

it they have gone like that even thought you know i'm guy simon rose is absolutely right i'm going to change my view we're going to. tell mark carney i'm sorry but you've got to stick to inflation it's in the bank of england act two percent stick to it stop letting it run out of control and they have to listen ok so it may be that pigs may fly what is markets coming in there's talk of adopting what's called nominal g.d.p. growth getting away from inflation targeting is a part can you summarize what that sounds to me as if they're just making another excuse to print more money i'm sure that's exactly what it is but that but like as with quantitative easing what they're going to do is cloak it in nice name that nobody really understands so nobody appreciates what's happened until it's too late and the inflation catches on the bottle ok now let's talk about another fraud here i think you've been covering also interest rate swap scam there isn't an argument that can be made from our creditor bank of england creates this point the more fraud is committed by those receiving that credit in other words ok they are releasing more mon

simon, take a look at europe. obviously the issues there are not resolved. how did marks perform last year, germany, greece do last year? this year you may see european outperform again. things are getting a little less bad. the lesson we learned, markets don't need -- >> i think it's funny that a little less bad is equal to the dow multi-year highs. that's the new normal we've grown accustomed to. >> it's just retraced where it was five years ago, not a jamboree. >> evaluations are significantly better, corporate profits doing well. thank you guys for having me always. >> let's recap some of the -- there you are. let's recap some of the other big headlines driving today's session. avon rose the most in 10 months after fourth quarter adjusted profit top street forecast. it also said it would consider selling it's jewelry unit. rubber fell after cutting its forecast due to witness in the european auto market, the point we were making. american express after a partnership with twitter which allows them to buy by simply typing in a hashtag. >>> media moguls facing off over t

. >> mark, thanks for coming by post nine. simon? has one of the most outspoken republicans in the house to talk about whether wall street should be paying more attention to d.c. >>> more attention to d.c. >>> and another contrarian call. we have an analyst well a buy rating. >>> and as the dow takes aim at its all-time high, take a look at some of the dow winners that are pushing it back. tires squeal ]over, and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. >>> welcome back. i want to get to cablevision shares. the new york-based distributor of programming and broadbrand, numbers that were not really good, even when you take out the costs associated with hurricane sandy. but then the conference call began and it is there where people, frankly, who have been on the call and i have not been able to be on the call as a result of being on air, it's been scary for them that the call was not going well at all. the man who runs the company not entertaining a number of

anyway, mark glaze and lenden eakin, thank you both very much. >>> coming up next, l.a. reid talks x factor, simon, whitney houston, and tells us his grammy predictions. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or if y

simon, cnn, san francisco. >> ali velshi sits down with mark zuckerberg for an exclusive interview at 3:00 p.m.ted with making kelly clarkson the musical force she is, but clarkson says that clive davis is really a bully. come on, boy! [ barks ] ♪ oh, heavenly day here we go. ♪ cha-cha-cha ♪ don't you know that i love ya ♪ ♪ cha-cha-cha-cha-cha ♪ always thinking of ya ♪ all around the world ♪ everybody singin' along ♪ singin' along ♪ fly me to the moon ♪ let me play among the stars ♪ let me see what spring -- ♪ [ birds chirping ] [ male announcer ] with the best lineup of vehicles ever, introducing the new chevrolet. ♪ oh, heavenly day why just go from "a" to "b" when imagination can take you everywhere? ♪ all the clouds blew away chevrolet. find new roads. >>> things getting a little heated between singer kelly clarkson and record exec clive davis. clarkson, she's taking exception to the way she's depicted in davis' memoir "the soundtrack of my life. "she says davis belittled her work saying she was a lousy writer although clarkson says he use add more vulgar term. davis says he's sorry for th

mark with ink from chase. >>> let's do final trades. stephanie link a you're up first. >> i like cisco. more predictable revenues. >> john p. >> automatic data processing, adp. >> simon baker. >> a short term trade, verifone. i think completely oversold. recently bought shares. >> josh brown? >> i don't think google is done going off. if you're nervous buzz it is 800 bucks, you can trail the stop loss. not the end of the world. >> stocks are negative. at left a couple major averages, negative for the month of february. worst pull back day of the year. tweet me. "power lunch" is up now. >> the second half of the trading day starts right now. >> we are going to pick up right where scott left off, on the slide in stocks. we are going to ask the question, is it time to run for the hills. is the bull run over? we have full coverage as the market falls for the second straight day. worst two-day decline this year. wal-mart shares are up on earnings. but question remains, is this a company with enduring problems? we have a unique perspective from a secret shopper. a woman who visits the stores then reports back to wall street on what she is seeing. then, what does the great

mark zuckerburg is hosting a fund-raiser tonight for new jersey governor chris christie who is seeking reelection. jane wells is at the expo in california. good morning, jane. >> hey, simonssey ferguson wind rower, can be yours for $175,000. farmers have money and they're spending it despite the drought. the usda said the good times may not last. we'll talk about it after the break. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. >>> the deficit front and center in last night's state of the union with the upcoming sequester looming. congresswoman marsha blackburn joins us this morning. good morning to you, congresswoman. >> good morning. >> a lot of discussion about the number of initiatives that the president proposed last night. and the

mark with ink from chase. >>> welcome back, everybody. among our top stories today, nightmare at sea. thousands of passenger cheer as they finally file off that crippled cruise ship. simon hobbs joins us with more on this and, simon, we've been following this very closely trying to figure out what it means for these stocks. >> for sure. and we know we can see realtime what is happening to this stock because carnival is the only stock to be both in the s&p 500 and the ftse 100 in london. so you have a live trade in it at the moment. many people are puzzled as to why this stock has only lost now 4% of its value globally. and you have to understand how big carnival is, how well run and is well respected it is within the investment community. this is a huge stock. it has a 30 billion market cap, far bigger than most other stocks within the t&l sector. and on tuesday night when they warned and they did, they had an 8k warning, they said this could cost us 8 to 10 cents earnings per share. that's only 4% of their expected profitability for the entire year. most analysts on average have a buy recommendation. it's a gravy dividend play and, of course, they're so well insured. t

mark carney going from canada to the bank of england. the many time, focus closer to home and link-steve liesman, has the chicago fed president charles evans. good morning to you, steve. >> good morning, simonerview which we taped after the live portion ended from the man who has done more than anybody else to promote this idea of the federal reserve using economic targets, a real revolution in central banking. evans sees evidence already that qe, this unlimited qe, qe linked to economic dark sets working. he see it is in auto loans, in a revival in the housing sector, most importantly, he see it is happening in the minds of investors. >> the investment climate seems to be one people are increasingly understanding that very low interest rates on super safe assets are going to be around for a while and if they are worried about that, they need to take on more risk and taking on that more risk will help get the question growing. >> this is the key to i havens, changing the minds of investors, getting the federal reserve to maintain the policy in place, when it looks like the economy is turning around. the question when will it turn around so the qe can end? >> i have got an outlook. that outl