in middle america you can say 80,000. cox - i have clients who paid over 200,000. >> 200,000. >> $200,000. >> people can say a lot of money going overseas. >> correct. when we started the process 6.5 years ago it wasn't a billion dollars a year industry, you didn't have the players in the pot. now it's a different story. industry. >> correctment probably more -- correct. probably more. it's a cash and carry industry. >> travis says when money is no object global surrogacy can go in the other direction. 7500 miles away is shanghai china. with 24 million people, nearly three times that of new york city, shanghai is one of the fastest growing cities in the world. it's here we found tony jang. he and his wife couldn't have children, so they turned to surrogacy. it's mapped in china. they travelled to a suppressing place for help. >> i checked with service from india, ukraine, thailand, then the solution in california. >> jane has fully children, a daughter and twin boy and girl from the same surro date in california. all thre

we would never put our faces on the cover because they said they couldn't sell it in middle america sopositioning these kids are getting today. so it seems like the singers just got pushed away. it all became rap and they're just not developing as singers singers ♪ >> today, you don't know what's live. you can go to the shows and don't know if they're singing live anymore there's so much stuff going on. back then the groups were incredible and the music was incredible. i get a lot of requests for the 70s stuff. can't do it all for the show. i have to pick and choose. >> and i also pay tribute to george. he produced every one of my hits on the artist. he meant so much to me that i pay tribute to him in my show and i will every show from here on. >> it's time to party. here we go. ♪ >> up next this husband and wife ♪ >> up next this husband and wife team brings therespected. malibu. efficient. safe. smart. when you set out to find new roads, you become the most awarded car company of 2014. find new roads. >>> welcome back to our world with black enterprise. many children living below the

ambassador john bolton from middle america he's in chicago today. thank you for your insight. >> thank you eric. >> arthel? >> well a fox extreme weather alert, a nasty storm moving across the midwest and south. rising temperatures this morning melting yesterday's snow and ice in tennessee prompting a flood watch there. but another round of cold weather is on the way bringing along a mix of sleet and frozing rain spreading from north texas into alabama through tomorrow. boy, senior meteorologist jan dean is joining us from the extremely busy weather center. j.d., give us all of the details. >> well arthel there is a foot of snow to west virginia over 4 inches to new york city. that's moving eastward. we have warmer temperatures here but that's going to be short shortlived and there will be snow and ice over the next 24 hours. another batch of cold air is sinking southward across the upper midwest. the temperatures have rizsen here. a balmy feeling but, again, the temperatures are going to fall again tonight. any moisture on the roadways are going to

this lifts of middle-class america in a big way. the retail hardware stores needed a shot in the arm. they gave us that shot on the arm. we all understand you have political considerations and the president does too. today those political considerations i think are diminished by the fact that the new political consideration is that the people's representatives in concert with the people we do represent are willing to stand with the president as he stands with them. >> time to sign the bill. >> the house and senate are currently in recess for the presidents' day holiday. lawmakers will return the week of february 23 when the senate will have its annual reading of washington's farewell address. senators will also consider whether to proceed to the homeland security spending bill. current funding for the homeland security department is set to expire that same week on february 27. when the house returns it will take up a bill expanding the 529 college savings program. it is also possible members will consider funding for dhs, should the

the headlines do tell the story from the capitol to middle america. headline row outside the museum in washington d.c. features headlines from newspapers across the u.s. from d.c. to the heartland, omaha, it's clear the brian william scandal is hitting home. >> i'm going to think twice about believing every story i hear. >> reporter: it wasn't traditional media but on social media where the story caught on. questions arose about a number of statements williams has made since being embedded with the u.s. invasion of iraq 12 years ago, statements much like this on david letterman in 2014. >> two of our four helicopters were hit by ground fire including the one i was in. rpg and ak47. >> reporter: a piece by the washington post was written not only raising williams' role in the retelling of his story, but his networks in fact checking it. to his anchor position? >> that central figure has an enormous responsibility to be up front and factually perfect with everything. >> reporter: williams' network had been highly critical of hillary clinton's statement

so for, you know, the clients i serve, middle america, there are a security out there. b.i.x. that some people follow but for my clients, they're more traditional. they're looking at the indices and what works to meet their long-term goals. >> barry, how do your clients in general feel about the market? we hear that the retail investors have been somewhat underinvested in the market either a lack of trust or worries about what's going to happen next with earnings or what's happening in europe. do your clients feel comfortable with the parktmarket or not? >> you bring up a great point and as lisetta pointed out, what a traditional portfolio looks like with a lot of commodities or stocks things that have extreme volatility and then fixed income that's paying very little and a lot of it has interest rate risk. we're addressing it by adding a lot of the stuff in between. the risk and return in between stocks and bonds. things like hedged equity or long short, high yield bonds, both corporate and municipal bonds and such. we add things in the portfolio not necessarily taking from s

currently there is that neat little ugly place called wall street, and they are doing well and middle americat. she has to say i was the senator from new york, two terms, i want to be the president of everybody and that is a middle class issue and she can talk about it and hammer it home and she can be progressive and pro-business too. there is fog wrong with that. >> and during the 2008 campaign she supported the abolition of the carried interest loophole. >> which was anti-wall street. >> she took a few stands that surprised me even at the time and that was before the populous moment. >> and don't forget how she got her start. she heard a speech by the reverend dr. martin luther king, jr. >> which turned her from a republican to a democrat. >> let's turn to -- speaking of republicans. we have to talk about rand paul. he has liabilities and clearly what he has his is -- has is his dad. and let's listen -- which is a liability. listen to him talk to lou rockwell in february about the congressional black caucus and the subject of war. >> i was always annoyed with it in congress because we had

appeals to business people and the teapartier and evangelicals with the national donor base with middle americaer is public enemy number one for the public sector union. a key part of the base of "the washington post" will eviscerate him they do to republicans and conservatives. >> i agree there. but this is a sign he must be resonating. >> and they're giving can press because that could work here in your favor to get your name out there. neil: i think it could boomerang. >> a lot of people did not have a college degree including chairman and elected his successor think good is he didn't. he defeated the public-sector unions and fix their economy. neil: eric schmidt and mark zuckerberg says note to the cybersummit that starts tomorrow. >> maybe for the first time i agree with them for doing something. these companies are abandoning this a president. he is all lame duck the nsa has been snooping after a law-abiding citizens. data when anything to do with the solutions coming from the white house. they want to protect their customer base and the data and the young bird customers are very wary of

the rules don't get better for america's middle class. the rules are getting better for those who are thin sliced at the top and that is the profound danger that we see from great inequality. >> there's a particular way that the system in america is rigged to which he described well in the book and just now. i'm curious in your research is it similar in other countries or does inequality get thrown in different ways? in other words is the power dynamic the same in the particular ways it plays out in different countries? >> some countries are able to be more inclusive institutions than others so this is in the educational domain in non-european countries and they have been able to keep inclusive systems of investments and skills so that not everybody is going to put a large part with high-paying jobs. i guess institutions regarding the financing of political parties and political life is certainly one of the important differences between the european countries and the united states. there are different social and legal fiscal institutions t

everything's fine and rosy but when you get right down there, middle america is suffering.resident trumpets the economy. however, a record 92 million people are not in the labor force. >> the labor participation rate guys 62.8% edged up ever so slightly, but we're still talking about the lowest levels since the late 1970s. stuart: the headline number looks encouraging. it looks encouraging. >> yeah. stuart: lots of new jobs, hourly wages up, real unemployment rate came down. what's troubling? >> wages aren't really taking off and accelerating. the labor participation rate that number we've looked at so closeically, still at 1970s levels. tom: let's bring in paul conway former labor department chief of staff under george w. bush and, paul you're our resident skeptic. [laughter] what do you make of this latest report? >> well, i like to be an optimist sometimes, but not a lot of optimism in this report. you need 150,000 jobs minimum every month created just to bring on new workers coming into the work force. so i think that the direction is great, but you folks have drilled i

america. [applause] so, you know, i summarized all of this as middle class economics. and what we know is middle-class economics works. that has been the history of this country. that has been the history of the last six years when we have implemented the middle class economics, and the other side was telling us this would be a disaster and it would kill jobs and raise the deficit. health care costs would explode. and none of that happened. that is pretty rare where you have two visions, a vigorous debate, and then you test who is right. [laughter] and the records show that we were right, and middle class economics does work. [applause] so -- the bottom line is this. we have to make sure it continues to work. we should protect the progress we're making. i hear republicans are holding their 50th or 60th vote next year to repeal or undermine the affordable care act. i have lost count at this point. but here's something that is easy to remember. if that bill ever actually reached my desk, i would happily veto it. [applause] if they try to unravel new rules that we put in

could be a lagging indicator that all of a sudden if the economy continues at its current pace middle america could feel better than does now. a big challenge for the president and as well at parties for 2016 who can win over the public. my policies can put more money in your pockets. >> you think the poll reflects only those doing a little better? >> that's where the dissatisfaction comes from president obama handling the economy. you see the road for democrats, call for a higher minimum wage more family leave. day care. they're popular with the american public. >> and the president's popularity. how's he doing right now? >> overall approval rating as 47%. gallup in 48%. below 50%, never a good thing but not on the george w. bush trajectory after the midterm election in the 20s, 30s. now to the mid to high 40s. neutral place as he party looks ahead to 2016. >> we'll continue to watch the numbers although i suspect at this point he's a lame duck. what difference? >> what goes up comes down what goes down comes back up. that's polls. >> for more from mark and the rest of the nbc news political

. >> what about in middle america where if you have had to go to the butcher. >> well, you could go tor and go to get the waste. >> and what about the bourbon chicken. >> i know sit is too much. >> but can you tear it? >> i don't know how to do it. >> p but can the manager do it? >> i am willing to wait for the manager. >> things are wrapped like this for convenience and go through like saying, i want this big bloody meat thing, and this jar of stuff, and you throw mitt the buggy and shop and get out. what starts to happen is that everything slows down. when you are doing this, and you have to prepare for that, because people are not ready for this way of shopping and buying things, but we are going to get there. have you ever had anybody want o ocome to buy anything in a jar? >> you are good for it, and it is good for the environment, and we should to do it. this is the future. >> this is the future right here. so it is a little bit more work for the future. >> yes. >> but he is reseptive for my mason jar of meat. >> thank you. >> thank you. i really feel like i'm getting the hang of

but on a price value basis we're just not sure that it's such a compelling idea to middle america. >>l i think they would argue that it's not just soft drinks, right? it's not just carbonated beverages. there's going to be all sorts of other cold drinks and a new and exciting way to reinvigorate a category that's been declineing for the past several years. >> obviously coke agrees with them. i think that there's potential for this to be a great success, but a lot depends on exactly how functional the machine is. it's going to be using pods that have a chemical that creates a carbonation effect immediately. don't know what the uptick will be on that. the at least wealthy americans tend to be the biggest users of packaged soft drinks and we don't know how widespread penetration and uptick of the machine will be in-house. >> why do you think coke is buying them outright? a lot of folks say the bull case on cure rigkeurig is coke just buys them outright. >> i think they would have to offer about a 25% premium. and coke's balance sheet isn't as strong as it might appear at first blush. the

. >> what about in middle america where you don't have your own butcher?go to the farmer. there are lots of different ways. >> and what about the bourbon chicken. in this jar, please. >> i know it is too much. >> but can you tear it? >> i don't know how to do it. >> but can the manager do it? >> i am willing to wait for the manager. >> things are wrapped like this for convenience and go through like saying, i want this big bloody meat thing. i want this jar of stuff. and you throw it in your buggy and you shop and get out. what happens is everything slows down. when you're doing this, you just have to prepare for that, because people aren't ready for this way of shopping and buying things. but we're getting there. have you ever had anybody come and buy meat in a jar? >> this is the first one. it's good for the environment. they should be doing that. >> this is the future happening right here. it's a little more work for the butcher. but he is remarkably receptive to my request for a mason jar of meat. >> all right. thank you very much. >> thank you. ♪ >> i

america will choose freedom. thank you. and god bless you. [applause] >> president obama discusses retirement issues and new rules to protect middle-class america's future earnings. jim of ohio has the republican response. he talks about the importance of saving for college and legislation passed by the house earlier this week that expands 529 savings plans. it's one of the critical components of middle-class life. this week i took new steps to protect it. six years after the crisis that shook a lot of people's face -- people's faith, our economy is growing. last year was the best year for job growth since the 1990's. over the past five years private sector has added 12 million new jobs. since i took office, the stock market has more than doubled replenishing the 401(k)s of millions of families. we have more work to do to make sure our recovery reaches more americans, not just those at the top. that is what middle class economics is all about the idea that this country does best when everyone gets their fair shot, everyone does their fair share and everyone plays by the same set of rules. making sure everyone plays by the same set of rules is why

farmers, you're out in middle america. how in the world can you not expect your representative to read this trade agreement when it's going to affect your commodities. it's going to affect cars. it's going to affect chemicals. it's going to affect drugs. your prices will go up. if this deal passes there's no doubt more jobs will be pished overseas. and also it's going to bleed into the service sector. it won't take long. this idea that we have to have another trade agreement makes no sense. we might export more. yeah, big deal. but it doesn't pencil out. so here's what we have. we have the wealthiest americans who can invest in emerging markets. who can go find cheap places of service and manufacturing and technology for that matter. where people around the globe are going to work for a hell of a lot less than they would work for in america. that's what this is about. the other element of this is we stand a chance of giving up our sovereignty. there will be international laws that will undercut and supercede american law.

well, guess what middle america still wants somebody to cook their hamburgers their fries, cut theirthings. we might want our kids to go to college but we still want people to do the work. >> let me take this opportunity to bash federal regulations. as an investor of small businesses around $10 million in sales, it's such a hassle to comply with federal regulations now, particularly in places like massachusetts and california. hire part time and you don't have to hire a lawyer to file the form. it's a huge problem. >> not to mention health care. >> health care is a whole new nightmare for compliance. one of the reasons we're not getting foster job growth is we've overregulated our own economy and it's a huge detriment. >> let me give walter a last word. >> if you look the number of full-time jobs has gone up a little bit this month more than was expected -- >> we're still 10 million behind where we were. >> second thing i would say is maybe a portfolio of part-time jobs is not a bad thing but what people want especially because health care reform allows them to get individual insuran

keystone pipeline a perfect opportunity in middle america states to provide great paying jobs.orth dakota, what a great example, heitkamp senator north dakota because she has seen what energy production can do. you don't need minimum wage in north dakota. this will eventually land on his feet. >> i think gas prices will start to go up, we knew they always do it will be politically very difficult for president keep vetoing it if republicans park it and push it. >> 15 refineries are seeing people walk off the jobs picketing conditions at work places. that is starting to have effect we're seeing hit the gas prices at pump. you have that going on. but i think this is interesting among democrats who are problem ising to override president's veto, claire mccaskill, senator from missouri. no matter how much you look research is done. oil is coming out of the ground. pipelines are better than barges or trains. that is common sense. i will vote to overright the veto. interesting they're not just doing it for political posturings, they have reasons for why they believe the way they do. >

this is my cheap oil middle america, go out and buy your girlfriend something really nice.think of it? >> i love this. own it for clients. great pullback in the chart. earnings per share, 21% the next two years. ed about bottom line growth. the only problem with the stock is the darn jared commercial. charles: is it the same dude from the sandwich shop? two different dudes. >> i was going to ask dani about it, her earrings cost more than the entire inventory. >> i don't think she's a jared type of woman. charles: this is network type of stuff. >> they have the financial house in order. great revenue growth and i think that's making up for the concerns about maybe the lack of income growth that they're having. but again great revenue, great debt. good strong financial position, i like it. charles: jim, so far seeing mostly place where you buy food and drinks getting the benefits of cheap gas. do you see it spreading to the malls or lower level mall jewelry area. >> all the evidence is people are not spending all of their gas savings. where they are spending is services, not

middle class with too much money. we need to be on the side of america's middle class, and i've proposed a tax cut for them because it's the right way to strengthen our economy. let me put it plainly: if americans aren't working, america's not working. so my economic plan sets this goal -- to get back george bush's three million jobs in my first 500 days as president. and to cut the budget deficit in half in the first four years. but what we face today -- and what we must change -- is not simply a failure of policy. today at the center of power, we have a radical ethic that ratifies and glorifies a creed of greed. once, a great republican president named theodore roosevelt took on those who abused their wealth and power; today's republican president invites them in for secret meetings, sells out our environment, tolerates their abuses and lets them evade taxes by moving their headquarters to an offshore shelter that is nothing more than a post office box or a mail drop. that must stop. dick cheney's old company halliburton has 58 offshore tax havens. the bush administration's response is to hand halliburton a seven bil

. >> president johnson is believed to have said if he has lost cronkite he has lost middle america. is that why this is such a big deal? there really is no comparison anywhere else around the world to the position held by the network anchors in the u.s. >> that is right. even in this fragmenting age when people are as likely to get the news on their phones or newspapers the top network anchor men, and they are all men at the moment. they still have a unique place in the culture. brian williams is watched by 10 million people a night. but overall, you get a 22 million to 25 million people in a country of 300 million all watching the same newscasts at night. the numbers are dwindling. but they're still the most popular ways to get information during the day. and even though brian williams has been doing this for many year, even though he has a remarkable track record and a lot of earned respect and admiration in the industry this scrutiny is being taken very seriously. there's a lot to lose in other words. there's a lot on the line. >> at the end of the day, can brian williams survive

through a golden afternoon -- redding, california with its famous sundial bridge, its parks, its middle america feel, is a whole different place, a different life, than the california whose reputation blares technicolor from the botoxed and tmz'd narcissism 600 miles to the south. drive a few minutes from redding, and you're on the ball diamond in a little place called cottonwood. here, in the shadow of mighty mount shasta, an anchor. a constant. just like the people casey knew would be in the stands. >> so, were they there? >> yep, both there. >> always there. >> always there. never missed a game. >> reporter: his parents, mark and karen duenas, side by side by the dugout as always. >> you know, they were together since they were what, 17 years old. >> they practically lived in each other's skin. >> exactly. >> reporter: his mother had brought the chocolate chip cookies she passed out to the players after every game and for which she was justly famous. his father had made sure he finished work in time for the opening pitch. >> what kind of parents were they? >> they were the best parents that

if you believe the justices are not reading the polls but the justices ss more or less mirror middle americamong the public for same-sex marriage. i think perhaps the justices as the comments suggest are getting more used to it. really what was perhaps the signal is justice clarence thomas said in a dissent from an order this week that alabama had asked the court to put a federal judge's decision striking down the ban on same-sex marriage on hold. >> mm-hmm. >> there weren't five votes on the court for that stay. >> right. >> so i think that's a signal as justice thomas said of how it could play out. >> amy, good to talk with you. >> thanks for having me. >> that's a wrap. join me for a two-hour edition of the show at noon. straight ahead "up" with steve kornacki. oments? sacrifice streaming all night long? is it okay to drop a connection, when you need it most? if you're not on the largest, most reliable network, what are you giving up? verizon. you use tide pods? yeah! but i thought you were the queen of the pre-treat soak treat soak? those are fond memories, but those things are amazing.

middle class. and that's the engine that runs america. if you give more purchasing power to the middle-income community give it to the working poor and give it to those looking to spend it in the middle class, that will drive it. even more powerful than what we have seen since the president took office back in 2009 when we hit the lowest part in 2009. since that point we have done well. we could have done better with infrastructure investments and put people to work in the trades environment and would have had more purchasing power. representative garmeppedy, it is a pleasure to join with you, to make certain we bring to the public's attention, direct assistance we can provide, items that have been introduced in bill format that can make a difference in the fabric of this community. where we can have that american dream in more nobel and measured terms and make certain that we not only drive the climate production and grow the economy. it's within our grasp. we have to be bold in our attempt to go forward and go progressive in our thinking

the middle america broej rajs not buying into the stocks. >> that's so true. t.price is now investing heavily in private venture-backed companies. goldman sachs just struck a deal with uber. they're going to let wealth management companies and ipl uber shares. i don't know how sheltered we are, number one, and number two, you know, there are public companies out there that have a big stake in this thing continuing. silicon valley bank being a good example. some of the reets that play heavily in that area. i think it's maybe not as contained as we hope it is if everything goes the other way. >> i think we've come a long way in the last 15 years in understanding tech companies. back in 2000 eyeballs were the proxy to understand -- >> now it's monthly active useers and total addressable market. it's the same nonsense just as a different name. >> i think we have sophisticated tools, and i'm want disagreeing with you in the sense that there's some froth, but i think we're much lowers to understanding and projecting cash flows for tech companies that we were in 2000. y

we need to be on the side of america's middle class, and i've proposed a tax cut for them because it's the right way to strengthen our economy. let me put it plainly -- if americans aren't working, america's not working. [applause] so my economic plan sets this goal -- to get back george bush's three million jobs in my first 500 days as president. [applause] and to cut the budget deficit in half in the first four years. but what we face today -- and what we must change -- is not a failure of policy. today at the center of power, we have a radical ethic that ratifies and glorifies a creed of greed. once, a great republican president named theodore roosevelt took on those who abused their wealth and power; today's republican president invites them in for secret meetings, sells out our environment, tolerates their abuses and lets them evade taxes by moving their headquarters to an offshore shelter that is nothing more than a post office box or a mail drop.

but you wouldn't know about that if you were in the middle of america record breaking warm weather, everye you look. 70 degrees in provo utah, even hotter in denver, friday. 71. and if you're heading to new orleans for mardi gras parades they're calling for a chance of sunburn in february. go figure. back in a minute. [ aniston ] when people ask me what i'm wearing, i tell them aveeno®. because beautiful skin goes with everything. [ female announcer ] aveeno® daily moisturizing lotion has active naturals® oat with five vital nutrients naturally found in healthy skin. where do i wear aveeno®? everywhere. aveeno® daily moisturizing lotion.. and try the body wash too. aveeno®. naturally beautiful results™. is there an elk in your bed? with sleep number, now there's an adjustment for that. you can only find sleep number at a sleep number store. right now save 50% on the ultimate limited edition bed. know better sleep with sleep number. >> schieffer: that's all all the time we have for today. thank you for watching "face the nation." we'll see you right here next sunday. winds, fallen trees an

offended part of the base and that's the idea bill clinton seemed to change all that and tell middle america, hey, we're not crazy. we're not that far out there. we are in the middle just like you. do you agree that jeb bush may repudiate giuliani? >> you know, he may. i think somebody better if they intend to win the presidency. i mean it's -- you know barack obama got elected president of this country twice. >> twice. >> and by the way, with over 50% twice. the first democrat to do that since fdr. and again, even if i disagree with the overwhelming number of this policy i find this to be a remarkable line that you would not repudiate. >> yeah. i don't get it. i mean, frankly, when i read the comment to the "new york times" about, well, he had a white mother and white grandmother and therefore this is not racist i wondered is rudy giuliani well. i mean is he you know is this -- because it doesn't -- this is so crazy and counterproductive that it doesn't seem to me to be part of any sort of thought out political strategy. you know i mean it's a guy losing it basically. and will his party go

betty: they do indeed but i cannot imagine anybody in middle america saying, yeah, he is not taking as. we will be back with the opening bell in a moment. ♪ betty: welcome back. let's get back to bringing you the most important stories. julie hyman and greg raburn joining me. number one, the recent finance minister -- is this a surprise during the meeting in berlin today? >> we did not even agree to disagree from where i am standing. from where i am standing, we agreed to enter into -- as partners, solutions for european problems. betty: this is what you say to your spouse when you hate each other at that moment. "we agree to disagree. let's just stop it now." julie: as these meetings are going on we keep expecting something big to happen, and mohamed el-erian wrote kind of a q&a today trying to address the questions throughout the greek crisis. the conclusion was this is going to be going on for quite a file. we cannot expect any brief resolution. the comments by the finance minister really illustrate that. greg: a large percentage of greeks do not want to leave the euro, yet they el

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the congress that we shouldn't worry about this pipeline carrying tar sands sludge through the middle of america and across the aquifer. they say it will be ultrasafe state-of-the-art pipeline. the problem, though, is that we've heard this before. transcanada's first keystone pipeline, which brings canadian tar sands oil to refineries in illinois and oklahoma, shouldn't inspire confidence. this was a brand new supposedly state-of-the-art pipeline. it was predicted to spill no more than once every seven years. but in its first year of operation it reported 14 separate oil spills. the largest spill occurred on may 7 2011 when approximately 20000 gallons of oil erupted from the pipeline in north dakota. there was literally a 60-foot-high geyser of oil. this spill was not detected by transcanada but was reported by a local farmer. in response to this spill and others, the pipeline safety agency issued a corrective action order temporarily shutting down the original keystone pipeline. the agency based this action on a finding that the continued operation of the pipeline without corrective action woul

middle-class economics in the 21st century. this means helping working families by making their paychecks go further, preparing americans to earn higher wages and making america the place where businesses decide to innovate, grow, and create good, high-paying jobs. the budget shows that we don't have to choose between investing in the middle class, and being fiscally responsible. first, because we cannot afford a return to mindless austerity the budget proposes to end sequestration, fully reversing it for domestic priorities in 2016, matched by equal dollar increases for defense. by replacing sequestration with a combination of smart spending cuts, program integrity measures, and commonsense loophole closures, the budget makes room for investments in our economy, and our national security. for example on the domestic side, where sequestration would cut r&d to its lowest level since 2002, adjusted for inflation, the budget supports cutting-edge research like precision medicine, efforts to combat antibiotic resistance and the brain initiative, which is helping to revolutionize our understanding of the human brain. likewise, rather than cutting inflation adjuste

middle class. the entire state of america's middle class could fit inside of china's middle class. >> what do you expectn terms of timing? might it just favor local developers and content? >> so far the content has been balanced with local and international. ubisoft is on the ground, and this gives them an advantage. all of us in the government approval for what we do and that is a bit challenging. >> maybe that gives you the advantage. will we ever see a grand theft auto in china? >> forever is a long time. i certainly hope so. >> we don't talk about this kind of plans, certainly not in regard to our titles. the chinese government has a strong point of view about content. until that funnel is widened, it will be hard for us to bring a lot of action. >> might that mean that first-person shooter games like the one that you are introducing, that will have trouble getting into china? >> it remains to be seen. i think over time the chinese government will recognize that entertainment properties do not stand in contrast to the values of the chinese culture and that they can coexist. i think over time the chi

people in jordan are not interested in fighting for america in the middle east. ica is not popular in jordan. when you see a handsome jordanian pilot from a powerful jordanian tribe humiliated and burned to death, i think it makes the politics for the king of jordan much much easier for him to be involved in this coalition. i think it's similar to what we saw in pakistan where the taliban after this barbaric killing of these school children in december really rally and mobilized even fairly conservative anti-american elements in pakistani society against them. >> how does this change the equation for jordan? a, in terms of the involvement. you mentioned this is a population that's not interested in this war. as we wait to hear from king abdullah how do -- what do you think his message to his people will be? >> i think it changes it. isis was always a threat to the king of jordan, to the political control of the ruling class. now i think it will be seen by certainly at least by jordan's bettowin population as a war against them a war against the people of jordan. i

america is like a dog with a hot spot on its butt. called the middle east. k you have to keep licking it but are you just making it worse. (laughter) >> jon: are you saying, are you saying that america has to -- >> uh-huh yes. >> jon: oh, no not the cone. >> you need the cone. america needs the cone swrz no no. we can't wear the cone. >> yeah. yeah. >> jon: this is-- wait a minute wait a minute. you are doing it too. you are blaming america. >> me? >> jon: yes, you are. you are pretending we're responsible for all the middle east problems. >> no. >> jon: admit it, that hot spot on our butt was festering before we even licked it. >> gross, ew. >> jon: see blaming the dog. the metaphor was yours. america didn't create all the corruption that cripples middle eastern politics with. didn't establish the hierarch oooh or meddive el justice system. you know, what i got a song for i buddy. ♪ ♪ i'm so-- no that's not it (we didn't start the fire it was all [bleep] before we even got there. >> let it go. >> jon: oh stop. i will ask you one more time what should america

have you changed your investment approach because of this middle america?look at is prices. buy low, sell it here. it's never really stable. we look at those as exogenous force. and we have to understand how those exogenous forces impact the company we are investing in. that is very important. for example, in retail, you have what appears to be another tweak of the retail revolution. when online came, it was enough -- it was a threat. and in high-speed internet came and it was a threat. you have to understand how these impact your business. olivia: i want to know how that moves went 5000 walmart workers get a raise. back to janet yellen she will testify before the house financial services committee. yesterday, she spoke before a senate committee. she was critical of audits of fed monetary policy. >> it would politicize monetary policy and bring short-term political pressures to bear on the fed. olivia: the senate banking committee chairman said he's not interested in creating monetary policy, but he said there is a big role that involves -- for the congress

often middle america middle-class.ar loan, the first home loan, the first checking account. it typically is not the wall street, money center. even with navy federal, they are serving that kind of the population in a different way than any bank. brendan: huntsman nuzzled just implied that was my first car loan. -- congressman nussle just implied this is my first car loan. the credit unions are not going in. how do they solve that problem? jim: i will bet you that if you walk into a credit union today. if you're out there on the street and have not had your first checking account or credit card, go in. we do not just open a checking account we sit down with you and say, let's talk about our first -- your first budget. let's get you out of debt raise your fica will score. how can we get you in a better situation -- brendan: there are places that are being addressed where they are banking deserts where nobody is going in. not the big banks not the credit unions. how to the credit union sticks that? -- how do the credit un

when the middle class succeeds america succeeds. our recognition of that truth orchestrates the economy, and laser focus again on the purchasing power of working families that our economy needs today. we must achieve bigger paychecks, better infrastructure and manufacture more products in the united states. only by laying a firm foundation for growth, which the president talked about in his inaugural address based on ambitious goals for our future can we secure and maintain a vibrant middle class only by focused on working families can we reignite the american dream and step into a new era of american prosperity. thank you for the opportunity to be with you this morning. i look forward to your questions. thank you so much. [applause] >> i just want to say we apologize for the state of that microphone, but it was actually a set up to allow you'll not silence your voice. welcome this morning. i am tempted to ask you about the impact on the middle class of what is clearly one of the most important news stories in the country right now.

when the middle class succeeds america succeeds. our recognition of that truth orchestrates the economy, and laser focus again on the purchasing power of working families that our economy needs today. we must achieve bigger paychecks, better infrastructure and manufacture more products in the united states. only by laying a firm foundation for growth, which the president talked about in his inaugural address based on ambitious goals for our future can we secure and maintain a vibrant middle class only by focused on working families can we reignite the american dream and step into a new era of american prosperity. thank you for the opportunity to be with you this morning. i look forward to your questions. thank you so much. [applause] >> i just want to say we apologize for the state of that microphone, but it was actually a set up to allow you'll not silence your voice. welcome this morning. i am tempted to ask you about the impact on the middle class of what is clearly one of the most important news stories in the country right now.

in middle america where there is not a lot of money, they want to see a family from iowa that came uph a screen protector and are doing a million in sales. they can protect themselves. -- project themselves. it is the number one show watched by families. if you have a 12-year-old sitting at home with you saying i like this idea or not i would pay that much or not that much valuation, understanding what equity is -- and, you are going to be proud of your kid when their talk about that and set of who is number one on the charts and ariana grande's latest hit. i went to see my kids be the -- we are evolving from i want to see my kids be the star quarterbacks to entrepreneurs. >> there is a theater. in the early days we had companies such as mince. switching gears, one more time and we're going to wrap us up shortly. you recently talked about companies moving overseas to avoid u.s. taxes. what is wrong with trying to make your company more profitable? >> nothing. but you have to ask who owns your company? shareholders. i think there is a misconception. the conventional wisdom is that you