many other cities are now calling rick lowe to come see what he might do with them.hile, here in the third ward, there's still plenty of work to do. old houses sit abandoned on some streets. there's also new building everywhere, including a $33 million renovation project at nearby emancipation park. it's a sign of gentrification as condos are built and rent and property taxes rise. ♪ ♪ ♪ lowe's biggest fear now is that the character of this place will change and longtime residents will be pushed out. >> as we embrace the awareness of historic value of this neighborhood, ting gives us some ground to continue to stay in this development process. >> brown: there was me preventing razing of the flower man's home. but rick lowe's organization owns this plot as well, and he told us it will be put to good use to preserve the legacy of the folk artist and his neighborhood. reporting from houston's third ward, i'm jeffrey brown for the pbs newshour. >> ifill: again, the major developments of the day. federal authorities charged two men in new york with planning to join islami

tomorrow night's newshour: jeffrey brown recently went to houston, where macarthur genius fellow rick lowe is enlisting art to reshape a community. an effort to rejuvenate and energize a neighborhood and its people through art, economic development, and social services. lowe told me it began in the early 1990's, when he was working as a traditional painter and sculptor. >> i had a group of high school students at my studio. and this student came to me, and he said, "that's not what we need." he said, if you're an artist, why cant you create a solution? >> ifill: creating solutions and creating change, wednesday on the pbs newshour. and that's the program for tonight. i'm gwen ifill, we'll see you on-line, and again here tomorrow evening. for all of us here at the pbs newshour, thank you and good night. >> major funding for the pbs newshour has been provided by: ♪ ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> lincoln financial-- committed to helping you take charge of your life and become you're own chief life officer. >> carnegie corporation of new york. suppo

and a high of 23, but what i did not show you is overnight into sunday, look at the overnight low 2 degrees rick we can find find -- >>> there is much more ahead in our next half our of "action news" at noon, more trouble for new jersey governor chris christie, new numbers he is contemplating as he thinks about a run for the white house. and why chocolate will cost you more this year. those store jazz and much more coming up on "action news" at 12:30. >>> some places where below 0 across the tri-state area s. melissa magee has your exclusive accuweather forecast coming up. plus exclusive news out of reading a fugitive was shot and killed trying to escape. >>> and a new jersey man is arrested after faking his own death. >>> but first freezing temperatures that are gripping the tri-state area today. here is sky 6 hd looking at the philadelphia skyline, temperatures are in the single digits and teens if you think this is bad are you in for a nasty surprise come sun. new jersey correspondent talked to people braving the elements in new jersey but lets start with melissa magee outside. where is your

. >> the central bank cuts interest rates to a new low. rick retreat. the country is backed off from calling for a debt write-down. instead proposing swaps for growth linked bonds. >> budget\. president obama's $4 billion spending plan sets of a fight with congress. >> giving middle class families the security they need to get ahead in the new economy. >> welcome to "countdown." >> let's get straight to bp. >> bp is pay a quarterly dividend to. to shareholders the dividend is sacrosanct. it is secretary to the oil companies as well and ap is paying its dividend. it said it will do that when it spoke to the market for months ago and it will do that. that is the first headline from bp. its fourth-quarter adjusted profit $2.4 billion bp interestingly has been on an adjusted probability estimate basis. these oil companies are going through a tough time. we have had layoffs and drilling delays, more than $40 billion in spending cuts from the big oil players as oil companies scramble to ensure they have got enough cash on hand to essentially continue paying o

there is not a single republican -- a guy like rick perry showed he could do letterman. the bar is low. i don't see anybody that can play at the level of our last three residents in the pop culture realm. >> there are some funny people. rick perry is kind of underrated. but the fact is nobody has a young media sense of humor. at least, not that i have seen. you look at the three young senators -- cruz, rubio and rand paul, they are not laugh riot s. that lane is there. that primary matters not just for young voters, but it sends a signal to the public -- if you have a sense of humor, it works. there is a lot of strength in the field. but not a lot of strength there. the other guy who good do well is chris christie. >> i really do think it is incredibly important. it is not coincidental that obama, bush and clinton were able to do well. >> the other person we did not mention who could win the primary -- hillary clinton. coming up, we will put one of the top crisis managers in politics and business to the test. we will play some clue. get out your candlesticks and ropes. we will be right

stephanie: low oil prices, what do they mean for you? rick: the impact is understated. the impact on the euro zone and the u.s. will start to play through the economic data. people cannot talk about it -- it has bigger implications for the dollar. the dollar will rally because of the export dynamic in this country. stephanie: awesome. carl: watch out for an upside surprise on the retail sales that are. stephanie: thank you, mae west. brendan: the only sector where jobs were down, mineral extraction. carl: and temp hiring. stephanie: temp hiring. there you go. carl: it shows employers are shifting toward permanent placement. stephanie: thank you very much rick rieder and carl riccadonna. brendan: coming up -- mission to moscow -- the leaders of germany and france are meeting with vladimir putin on the fighting in ukraine. stephanie: plus, zeroing in on the hackers -- can you ever really do that? chana -- china might be responsible for the big attack on anthem. ♪ stephanie: welcome back to "market makers." i am stephanie ruhle. time for some of the top headlines from arou

. >> hi rick another day it's good to bundle up. gusty winds and low temperatures created uncomfortable windchills trenton down to 5 and philadelphia and wilmington a windchill of 6 degrees and lan city reporting a low windchill of 5 degrees, windchills are in the low 20s and teens and 20 in millville and 12 in allentown and 19 degrees in reading. the good news is as we head through the evening hours future tracker is showing the windchill is not dropping much, by 10:00 tonight and then tomorrow the winds will actually be shifting out of the south and you'll notice the windchills will be a little bit higher in the morning, it won't be as harsh as it was this morning. by 2:00 tomorrow afternoon we have a little bit of a surge of milder air temperatures manage to make it up into the 40s and in the 50s to the south don't get used to it though this is really just a one day warm-up before cooler air and some snow will be moving in by thursday, this is what is ahead i am tracking milder temperatures for tomorrow for the middle of the week and behind that sys

rick. >> hi tyler, indeed percentages on low yields are treacherous experimenting with that, but looking at 30 year bonds in particular because it was a spongy auction, a 24-hour chart. one issue market that trades only on yields is very similar, 2.63, 2.54 that's why the auction likely was sloppy and if you look at year to date chart, tyler's right, rates are going up. settling at 2.59 2.75 settle the year 2.17 for tens important level to pay attention to. the other market to pay attention to because everything is back to central bankers, the bank of japan saying that anymore stimulus is counter productive. look at what it's done to the dollar versus dollar-yen on this chart. down 118.5, no more stimulus talk firms up the yen with respect to the dollar. back to you. >> thank you very much rick from bonds to precious metals what is gold up to? prices are getting ready to close here. currently flat with an upside buy. the better way to put it. 1221 lifting from a five week low hit in trade. let's look at sill vefr, copper palladium, platinum copper industrial metal, moving up and silver a

. >> hi rick, it was a cold start to our friday and record cold in elections, the record was 1 set in 1979, today coming in with a record low of 2 degrees, trenton coming in at 0, 2 degrees as well in dover so making some new records this morning in those locations. this is what you felt when you stepped outdoors this morning. 35 degrees below zero. and along the coast in lakehurst it felt like 18 degrees below zero and not much recovery. 26 miles per hour in wilmington and 27 miles per hour gusts in beach haven current windchills are still below zero, 3 degree below in philadelphia 7 below in trenton and 6 degrees boo low in wildwood. temperatures are at zero if not below for the rest of the day. we are tracking snow on saturday and changing over to a messing mix. >> thank you melissa. meanwhile, the warm is causing all kinds of headaches, this car is frozen in place right outside of the owner's house, he tells "action news" that water is tripping from a vacant home immediately turns to ice, it stretches through much of the road in the overbrook park section, "action news" is waiting to hear from the water department in wh

low fare now at southwest.com. [alarms blaring] ohhhhh... whoa whoa whoa! who's responsible for this?!? if something goes wrong, you find a scapegoat. ...rick.hhhhhhhh! what'd you say? uh-oh! kelly! if you want to save fifteen percent or more on car insurance, you switch to geico. it's what you do. rick. don't walk away from me. ahhhhhhhh! >>> forget hot yoga. so cold. in ain't paul it will be 8 below. some yoggis are breaking out their snow gear and doing their downward dog poses outside. they are calling it snow-yoga. they are raising money for charity. so much for breaking a sweat. >> do you seriously not know what downward dog is? >> why would i? >> a few months bulldog: you don't need superpowers to help someone. sometimes, all it takes is a warm heart and a cold nose. that's why mattress discounters good deed dogs is raising money to train service dogs for people with disabilities. i would never imagine a life without an assistance dog ever again. i relied on people a lot. he helps me live a more independent life. bulldog: we need your help to do more. give at mattressdiscountersdogs.com, or any mattress discounters. mattress discounte

low. health reporter and registered nurse ali gorman is at the "action news" big board tonight with more on that. >> reporter: rick, extreme cold can be extremely dangerous to your health. if you can, stay indoors and keep warm. if you have to go outside take precaution. as the polar vortex returns so does the greater risk for frost bite and hypothermia. sunday morning wind chills in our area are expected to dip to 15 below zero. that means frost bite can set in in just 15 to 30 minutes to any exposed skin. >> signs might include numbness tingling, change in color of the skin and pain as well. >> reporter: these are signs you need to come inside and slowly warm the area. but prevention is key. if you have to be outside bundle up and stay dry. you lose the most heat from your head and torso. but smaller areas such as your fingers, toes, ears and nose typically suffer frost bite first. be sure to wear lots of layers. a hat scarf mittens and warm boots. hypothermia is also a risk, especially for the very young very old and mentally ill. babies should never sleep in a cold room. they lose body heat easily and unlike a

you could say that >> reporter: iowa's gop caucuses are a low turnout exercise in year-long organizing. the winner gets huge media attention. rickerry in 2012 and mike huckabee and rick santorum and names like bush. there's app appetite for choices. >> they are interested to see what marco rubio and scott walker will bring to the table. they haven't been on the national stage for a long time. >> reporter: scott walker is the first in iowa office. like most, he has begun hiring. some opposed his bill for comprehensive immigration reform. it's early but one repeat candidate and two new comers are already getting a lot of attention. >> i think mike huckabee is going to be a strong candidate. i think competing with huckabee is ted cruz. we're hearing a lot about scott walker right now >> reporter: jeb bush faces challenges in iowa too. conservatives think on national education standards and immigration he's soft. >> he has amnesty and commitment to the common core. those are two issues that conservatives won't play well with. >> reporter: most gop activists say mike huckabee has the early edge. >> he is a turnkey operation. when he

rick, gas prices starting to tick higher. i've noticed it. probably you have too. the recent lows are having an impact on main street businesses. a look at just how much of an impact after this. plus is google crossing over into uber's lane with its own ride-hailing service? we'll talk about that when "power lunch" returns in two. there's nothing more romantic than a spontaneous moment. so why pause to take a pill? and why stop what you're doing to find a bathroom? with cialis for daily use, you don't have to plan around either. it's the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoi

world today into rick, there's no uncertainty among the american people 56% of whom believe that they are at war with radical islam. >> i'm a little surprised that the number is that low i would have thought that far more than 56% would figure that out. what he had to say yesterday was preposterous. >> he is the deputy press secretary by the way. >> he is i just -- >> look at who else john kerry is the secretary of state. he says nogs more than criminal activity. >> and i know you know this i do not understand why this white house is so reluctant to call it what it is. i will say this i don't think that it has an impact. i don't agree with that on how we fight this war because you still have to point out that president obama has killed more terrorists than anybody before him and i i think they do understand they're fighting a war. i'm not supporting their refusing to say it though. >> all right. by the way, emac, chris kyle himself alone killed 200 terrorists i'm not sure whether obama has killed more than previous presidents it is not just republicans who are saying this, by the way, congressman gabbard she is an iraqi war veteran listen to what she said about this.

. >> reporter: hi rick this is making good on a big campaign promise, a pivotal issue in the race, the announcement was so what low key, he did not go to a high school gymnasium and pack it with people and have a marching band, he when to a classroom and used a first grade classroom to make his pitch. >> we'll start the tour this way. >> governor tom wolf took in the sights and sounds of the elementary and then talked about making good on a campaign promise. >> we cannot continue to disinvest in our education system. >> it's a two step model based on a west virginia tax. >> it would raise a billion dollars in the first full year. >> the lion's share of that expected billion would go to education music to the ears of woman that runs the millville district. where under corbett they struggled. >> they made cuts and we had to furlough teachers and it drove class sizes up and cut in textbook funding. >> and to become a reality, the governor's plan must get through the gop controlled legislature, they are already questioning the proposal. harry lewis of chester county a freshman senator and republican as for wolf's anno

far, 22 for a high next friday, seven for the overnight low with temperatures near zero again in the suburbs. that won't warm your heart but, rickay and enjoy the weekend. >> and many more. >> thank you. that 50 degrees sunday, boy oh boy. >> if you were 50 again, right? >> if he can remember. >> i didn't say all that. monica's birthday make sure it's 60. >>> the 6abc storm tracker app has you covered from live radar showing the path of the snow to the latest hourly and seven-day forecast and instant alerts for any weather warning. download the app right now, it is free. >> ♪♪ >> remember jeremy meeks. he's the stockton, california man whose mug shot was dubbed one of the quote hottest in the country there on the left. today he was sentenced to 27 months in federal prison on weapons charges. meeks developed a following after that mug shot. modeling agencies expressed interest in him but that disappeared when they found out he had a previous felony conviction. meeks is sporting a new look on the right for his next stint behind bars. >> right now the "action news" team standing by with these stories. montgomery how about county he

let's talk about these super low yields and where that leaves investors. >> yes. as rick alluded to rates are still down at 2.1%. so would the feds really raise rates? i know all eyes were on the feds this week. you have mr. alan greenspan coming on within the next hour. we have the cpi index. the results this morning, up .07 of 1%. and although the unemployment number is at 5.6% it's higher at 11.3. i just can't think that they would raise rates any time soon. >> kathy, for years now, people at the end of the year as they forecast rates going into the new year have been saying we're going to see a substantial rise in interest rates, long rates, especially, and they have been wrong every single time. and it looks like they are wrong again this year. why? what's going on? >> it's a repeating pattern and i think that what people ignore is this long-term down trend in inflation or a deflation now that we have around the world and that we have a demographic trend that gets us to a lower growth rate than we have in the past. so rates are going to be lower going forward than th

rick. this is our third messy run in a row. storm tracker 6 live double scan showing the setup. there's low pressure over south western virginia and this low pressure is diving to the south and east. heavy snow yet again across new england boston already more than a foot of snow from the s between the two we've got this. light precipitation. the problem is that it's falling in the form of freezing rain. and it doesn't take much freezing rain to really create a glaze on those untreated surfaces and cause problems. storm tracker 6 showing we have a batch of some freezing rain over new castle, southern new castle and northern kent county and we also have some light pockets of some freezing rain mixing in with sleet in our northwest suburbs. no heavy precipitation but this will continue into the night and even into the overnight hours. so the national weather service has posted winter weather advisories for entire viewing area for the combination of freezing rain and sleet. the northern suburbs these are in effect until midnight but philadelphia and areas to the south the winter weather advisor

rick, monica. we definitely had a frigid start on our friday and almost a record here in philadelphia. the morning low temperature dropped down to 2 degrees. that's 1 degree shy of the record of one set back in 1979. so, we didn't make a record this morning but still very cold. the coldest morning we've seen since january 20th of 1994. we did however hit some records across the delaware and lehigh valleys. trenton your record morning temperature zero, two for both wilmington and dover so these are the locations where we had record-low temperatures this morning. allentown minus one and 1 degree at the airport there in atlantic city. this is what you felt, however, when you stepped outside early this morning. wind chills below zero, 34 degrees below zero this morning in the poconos, 17 below in philadelphia, fifteen below in wildwood and 20 degrees below zero in trenton. now, early this afternoon and early this evening we do have a bit of a recovery. it feels like 4 degrees currently in philadelphia from where we were earlier today. zero in the poconos, wind chill currently in wildwood of three. same th

of earnings reports last night, that disappointed the street off of session lows right nowv'4 down by 15.5%. speaking to rickoney" at 5:00. brian? >> thank you. >>> treasury market, a reason we are looking at bonds because we have a big interview in ten seconds here, but the treasury market is not seeing a huge move. we have seen a bounce over the january 30 lows hitting 1.64% and the ten year is below 2. mortgage ratings should be low. when i say relatively low, never been this cheap. let's get to the second big interview of the day. >> i never get there, brian, i bet you don't either. sitting here in new york city with cleveland federal reserve president, and, boy, there's a lot to talk about. >> thanks for having me. >> what happened yesterday? the hearing on the hill a lot of people said it was about as partisan as they've ever seen. your reaction to it? >> so i wish we were all there yesterday at the hearing. we have had some questions about our transparency, but as you know, the fed has been working on transparency and communication over the years, and questions comeó4h) up about our policies. i'm one

rick, monica. we definitely had a frigid start on our friday and almost a record here in philadelphia. the morning low degree shy of the record of one set back in 1979. so, we didn't make a record this morning but still very cold. the coldest morning we've seen since january 20th of 1994. we did however hit some records across the delaware and lehigh valleys. trenton your record morning temperature zero, two for both

rick. this is our third messy run in a row. storm tracker 6 live double scan showing the setup. there's lowuth and east. heavy snow yet again across new england boston already more than a foot of snow from the s between the two we've got this. light precipitation. the problem is that it's falling in the form of freezing rain. and it doesn't take much freezing rain to really create a glaze on those untreated surfaces and cause problems. storm tracker 6 showing we have a batch of some freezing rain over new castle, southern new castle and northern kent county and we also have some light pockets of some freezing rain mixing in with sleet in our northwest suburbs. no heavy precipitation but

lows. a dangerous blast of cold air and ice in virginia over the last 24 hours. that high speed spinout. the suv slamming into that car there. then on i-24 in tennessee, ricks sliding right off the slick roads. further north, the rescues playing out. in this case late today, three people stranded on the ice. teams moving in quickly. and look at this in georgia. this family using flashlights tonight. homes plunged into darkness. we do have team coverage on the brutal cold. the states of emergency. meteorologist ginger zee with the track. how quickly it's moving in. but first, abc's matt gutman in nashville, where the driving has listen treacherous. matt? >> reporter: david we've seen crash after crash, backup after backup. motorists across this country's midsection have been driving on roads they thought moiay be passable but have skidded on black ice. icy roads turning deadly in tennessee where christy clark and her 10-year-old son stopped to help motorists when police say a semitruck plowed into them. spin youflts and chaos in north carolina. >> and black ice will make this a very dangerous situation for several days. >> reporter: parades of plows weren't

. >> he's low out in iowa as well. >> i mean, rick periwent after him implicitly. was talking about obama. he was talking about him not ready to be a president. if are you a republican voter you spent the last six years now saying obama wasn't ready, a freshman senior wasn't ready, whether it's marco rubio or ted cruz is that a problem to convince republican activists who made that about the last freshman senator our current president? look at me? >> i think it is. when have you so many governors, have you high profiles running. i think it's a big hurdle. not only for them also for elizabeth warren on the other side who is frequently mentioned as a potential challenger to hillary clinton. >> there is a history of electing the opposite. that's what we tend to do. it to be structural too. the fact is that is a looming problem for those the senators that you mentioned. it will be more pressing when their opponents and this primary bring it up explicitly. now it's folks like us talking about it. perry and others started saying that over and over again, especially figur

rand paul, mike huckabee, rick perry and others all have high net favorables among likely iowa caucusgoers, they all look good out there. jeb bush, his net favorability is low one digit, three. so for chris christie it's even worse. negative. he's the only big negative out there. 18. john, why don't they like christie out in iowa among your party? >> first of all, you do have to take some of this in perspective. everyone was talking about michele bachmann when she won the ames straw poll only to finish last in the iowa caucuses. with that said, iowa is a conservative state. chris christie is seen as relatively moderate, jeb bush is relatively moderate. the real problem for this in this poll is not where they are in the mix. it's that they have high unfavorables. they have to change a lot of minds which is difficult to do especially because they're not the type that's all of a sudden going to move toward the right. i think they have some problems. issues like common core, immigration. their positions are just not going to play with mainstream republicans in iowa. >> what i'm stunned with is how much knowledge they have of these guys. i mean, these are regula

rick santelli, what are you watching today? >> i think we're watching a young lady named tina today. we've heard about tina. there is no alternative. what do lowss why we think maybe tina needs a nap. after the break. e financial noise financial noise financial noise financial noise i've been called a control freak... i like to think of myself as more of a control... enthusiast. mmm, a perfect 177-degrees. and that's why this road warrior rents from national. i can bypass the counter and go straight to my car. and i don't have to talk to any humans, unless i want to. and i don't. and national lets me choose any car in the aisle. control. it's so, what's the word?... sexy. go national. go like a pro. yao coming up, mario with his view on the markets and his three favorite stocks right now. plus, instagram valued at $33 billion and the nasdaq near 5,000. are things different now versus 19 9? venture capitalist weighs in. do you still believe in miracles? 35 years after the u.s. hockey team's upset over russia one of the stars of that game jack o'callahan is here live. in finance now. can't wait for that one. see you in about 15. >> sounds good.

rick santelli in chicago. welcome back to "squawk on the street." post nine at the new york stock exchange. simon is off this week. markets down session lows 67 points. at 17,103 we exactly a thousand points below the dow's all-time high. january marked the worst month for u.s. stocks since january of last year. can we expect a more bullish month for february? joining us this morning on post nine is the bull of wall street tomley. it's good to have you back. >> you don't mind being called that do you? maybe you do. >> it's long as it's not a permanent label. >> fair enough. >> are you worried about how the year has begun? how earnings season has transpired? how some of the macro data is turning out? >> a down january is not what you want to see. earnings have been -- the bottom line beats have been good, but the guidance hasn't been great. but i think we're really looking at a plethora of sort of negative headlines, whether it's europe oil, dollar. but we really have to focus on some of the things that are going to matter like consumer. the consumer i think is beginning to have some positive catalysts over the course of the year and i thi

. >> yeah, rick and mon today the big story at least for the first half of the day was the brutally cold start to our monday. record lows in some locations trenton and women you tied your record, one in trenton two, in wilmington. atlantic city reading and dover new record lows today. atlantic city 2 degrees, 1 degree below zero in reading and four was the new record low this morning there in dover. now, temperatures certainly did not recover. in fact, in philadelphia morning low temperature coming in at 3 degrees, 1 degree shy of the record set back in 1888 making this the coldest since january 24th of 2005. so, we're talking about a 10 year chill where we've seen temperatures at 3 degrees here in philadelphia. this morning it was quite cold when you factor in those blustery winds out of the northwest. wind chills this morning 16 degrees below zero in philadelphia. wind chill of 19 degrees below zero in allentown, 35 below in the poconos and 12 degrees below zero there in allentown. we do have more changes on the way. storm tracker 6 live double scan radar showing you we're tracking this storm system, an area of low pr

lows. 4 degrees for new york city friday morning. minus 9 as far south as louisville. no signs of my message changing at all for the near-term. >> we still love you, though. thanks. >> rickeather center. i hope you are making money, maybe a lot of money. "countdown to the closing bell" starts right now. liz: the second the fed minutes were released it was quick and suddenly over. right at 2:00 p.m. eastern, the dow jones industrials and the s&p see the spike there? began to quickly tick higher. the phrase in the just released minutes from the january fed meeting that did it many participants regarded dropping the language in the statement. whenever that occur as risking a shift in market expectations for the beginning of policy firming toward an unduly narrow range of day thes. let me translate. we know the fed officials are clearly worried about rattling the markets. in just a moment we've got the man who has his finger on the fed's pulse. jon hilsenrath will give us the crucible when will the fed raise rates?

low down payments are making a comeback. to jump-start the housing market, mortgage companies are offering home loans with 3% down payments. is this the right approach by mortgage lenders? auction.com rickohn fun with the national review. rick, i'll start with you. so you remember that little mortgage meltdown we had, one of the problems was that credit was too easy. now you'll favor 3% down mortgages. you'll only put down a teeny tiny 3% and you think that's a good idea. tell me why that could be a good idea. (?) >> i think anything that stimulates the housing market and brings more responsible home buyers back into the marketplace is a good thing for the housing market and for the overall economy. you and i actually met during the middle of that meltdown, and you remember that all those bad practices that went into place. and there are safeguards in place today that simply didn't exist back in 2000 to 2006 when all those loans were being made. we're talking about a -- this is not your grandfather's low down payment mortgage. this is a different flavor. gerri: we'll get to that. i want opening statements. john if you fudd, i know you don't agree with that. shouldn't we juice that housi

rick santelli with the santelli exchange. silicon valley the latest focus and the nationwide measles outbreak after a report that some of the day care facilities in the region have unusually lowon rates. our scott cohen is there to investigate in palo alto with the story. hi, scott. >> hi, kelly. from university avenue in the heart of silicon valley. this hit home this week, when we got word that a linkedin employee up in the san francisco office, had come down with measles, potentially exposing hundreds of bay area rapid transit commuters to the disease and then here in silicon valley, wired magazine started looking around at the day care centers on-site at a number of these firms and found some low rates. you had a google facility at 68% immunization, and a cisco center below 60%. the experts say that threshhold for what they call herd immunity is 98, maybe 95%, and one disease expert tells us it's generally not a problem if you have low rates here or there, but right now, it's starting to get out of hand. >> we've always had these little pockets and through the years we've had, you know, travel -- unvaccinated travelers go to other countries and come back and find all thes

rick. >> good morning, carl. and indeed, even though rates are lower, they're lower at levels that don't seem quite as low. year to date a two-year. we had what on the surface was a pretty good surprising jobs report. we could go through all the small details, but the two-year note didn't wait it popped up. of course, that might have an implication as to when the fed is or isn't going to raise rates close to the highest levels of the year. look at a two-day of tens. we're still holding most of the jump friday in terms of rates, but we're definitely down several basis points. year to date chart reveals we're still down pretty strong for the year considering we settle at 2.17, but many are still caught the wrong way and the market feels like it's hard to find new buyers at these levels. look at the bunde yields. even though germany's exports were up about 3.5%, their imports were down about 1%. what's really fascinating is what's going on with china. down 3.3 on exports. down 19.9 on imports. these are really really large numbers. something to pay attention to. if you look at what's going on with regard to h

temperatures should settle up still the low 60s saleratus shows there's a lot of activity of this message or an hour in this year lake tahoe get some decent note from rick level is still rain as we did hire a to a slow will look for some fresh snow totals coming in from the resort by tomorrow and as for the bay area is aggressively, compared with saw over the weekend as she sent a look at storm track four and get a more detailed look what iran is actually falling a few light showers just off the san mateo shoreline that weather is across the bay and the impact in places like hayward and san leandro probably in the next half hour 45 minutes to my sprinkles have been in the north may end from mount diablo. not bad compared to widespread heavy rains we saw over the weekend. >>james: have is a little breezy forcibly health 10 in hayward and temperatures right now is asking pretty mild those clouds he does on the warm side we have 59 for regina (a lot of bits of for fifties and even a low 60 as you see there in concord this morning. a lot of 67 for los gatos campbell the alton valley this 64 silicon valley issue be pretty nice partly cloudy and is a few scat

low somewhere starts to stabilize here. in the meantime macro data continues to inch our way. let's get to chicago. ricktelli and a look at factory orders. rick? >> absolutely. december factory orders expected to drop close to 2.5% added an extra percent. down 3.4, first of 2.4 expectation. last month, added awhole percent. being a december number this will of course help get closer to the granular final number of fourth quarter gdp we enter last week 2.6. draw your attention, a few minutes ago we had ism new york released, and then for the month of january and it was 44.5 versus 70.8. that is the lowest level on new york ism since april of 2009. so of course everything is right in the world, equities up 1.70 or so and interest rates up. but it doesn't quite seem to jive with data. make sure you look at spreads and interest rates across the globe. that helps explain it further. back to you. >> thank you, rick santelli. we should mention with the dow up 180, best two-day gain since january 7th and 8th. dominic chu, breaking news on lear. >> another hedge fund going activist on the company, it's marcotto

drop a low -yielfd bomb on them and i think we could eradicate that whole problem. host: ricklouisville, kentucky. caller: it always seems that politics divide this country even when it comes to life. jordan took care of the problem immediately because they did not have an election coming. this makes me sick. you nkow know what? an immediate and full response is what should happen. we will allow it to drag on for 10 years through two or three more elections. host: brick from louisville about 10 minutes left. your thoughts on the hostage killings in your opinion on the conflict against isis -- it is the lead story taking a look at potential changes to plans for afghanistan. this is missy ryan -- caller: my name is tony from new jersey. host: go ahead. caller: i would like to say that america is the only country with the political will to do what is necessary. although we may be criticized by leaders around the world at night, i'm sure they chose america for doing the right thing. thank you very much. host: we will now hear from ron republican line. caller: good morning, pedro.

. >>> markets off lows, down 25 points on the dow but in the red in the last day of trading for the month. ten-year, as rick after the weak pmi data. even still both the dow and the s&p, of course have had their best months through february since october of 2011. keeping an eye on oil. we could see the first monthly gain for crude since june. michael gappen chief economist at barclays and also joining us dave katz. >> good morning. >> michael, i want to kick off where we are on consumer sentiment. we've had figures come through from rick there within the gdp data consumer spending last quarter, climbing at its most in four years. we've seen an acceleration on the consumer discretionaries, certainly during the course of the month. how would you sum up where we are. >> are we accelerating with consumer spending. >> the data reflects decline in energy prices we saw last year. the peak of that effect took place in november perhaps into december. we still think it's supporting consumption spending. it's supporting consumer sentiment. i think that effect will fade by the end of the first quarter and then you're l

. >> rick, if we get a strong jobs report on friday could that be an impetus to see those yields rise back above those october lows do you think? >> oh absolutely. while the market is in this process, anything that pushes yields up, even if it's some kind of shock like a strong number just like oil, it becomes a logistics game not necessarily fundamentals, but who needs to get in who needs to get out, and how big is the port hole for everybody to fit through. >> jack the other thing happening today are some headlines going back and forth about about germany and greece and can you tell us how that might move the market for the next month or so? >> i think the geopolitical issues are affecting the market. you see them every day but the reality is that europe is not as big a factor as people really think it is. you know unless it free falls or we see a complete breakup of the eurozone. what we find here is that the u.s. economy is the engine that is leading the way. the rest of the world seems to be following that path. and -- >> would you rule that out, jack, a breakup of the eurozone? >> you know what? i would, and

rick hope watched the whole horrifying ordeal. first he says the gate came down and he saw her get out of her car. he describes what happened next to gannett's lowsite. >> she walks and gets back in the car, slight hesitation and then moves forward and at that instant the train came. >> reporter: officials say there was an dent that night on a nearby highway which diverted traffic to this road with the railroad crossing but investigators say lights would have been flashing that they found no problems with any of the warning signals. >> the lights at the crossing the flashing lights illuminated and a few seconds later as designed the crossing arm activate activated. >> reporter: in an interview with steven small, the engineer he saw the driver drive on to the track and activated the brake and sounded the horn for four seconds. it was too late. it could not stop in time. he was later credited with helping passengers off the train. >> thank god he sprung into action. ma i wish i could have saved more he said. >> reporter: ellen brody, the mother of three, will be laid to rest this morning. robin. >> all right, linsey thank you very much. >>> we'll

rick we talked about this the other day. if we got a big jobs number you could see those yields on the long end of the curve moving back above their october lows. we didn't get the blowout number but the yields have still moved above those levels haven't they? >> yes, they have. and we've actually been discussing for about a week now, bill, that the flavor of the marketplace just didn't seem as though you were going to get enough buying to challenge some of those low yields like last week's 20-month low at 1.64% established in 10s. we're 30 basis points higher on the week looks to be the highest close in basically four weeks, and it underscores we're above that very important 1.86% that gave us so many great trades really since the mid october wild session. so you really want to be careful here. i'm certainly not saying that i think rates are going to skyrocket or we're going to take away the notion that rates will be soft all year but trends come in many different time packages and i think the short-term trend continues to be especially now at these levels we may come very close to testing what we settled at last year which is around 2.16%, 2

the extent that low oil keeps inflation down and maybe below the fed target that makes it easier for them to keep rates lower for a lot longer. brian. >> bob, thank you very much. ricktelli. rick, your reaction to a continuously dovish federal reserve. >> well you know patience. how long do we need to wait? 11,400 dow points. 11,400 dow points. okay? from 6,600 to basically 18,000. i believe we were at 666 on s&ps. we were at 10% unemployment. we're now 5.5. we're averaging close to 2.5% gdp. how much patience do they need? 30s down two basis points. the biggest loser or winner depending if you are long or short, dollar index went for basically up a half a cent to unchanged. i don't know that the markets were surprised, and i don't think it's a coincidence that the high yields of the day that were made in the wee hours of the morning are pretty much exactly where we settled last year which is by far the best yield resistance and we're backing away from it quickly. back to you. >> all right. thank you very much, rick santelli. rising yields and mortgage applications lower. let's bring in diana. what does this all mean for those looking to get a mortgage these days? >

rick. >> all right. check out the price of brent crude this morning. it is now topping $60 for the first time in 2015. that's after hitting a low of $45 last month.higher right now back above $50. $52, in fact. even though we've seen higher oil prices the last couple days they are well off their highs. big story of the year. lower oil prices while they've been positive for consumers, they've been hitting the oil producing states very hard. like texas. and that's where we find brian sullivan this morning. brian. >> good morning, michelle. thanks very much. we're not here to tell the oil story. you've told it. everybody knows what's happened to the price of oil. what we're going to do all day today on cnbc is really tell the derivative story. what's going to happen to real estate, to banking, to the consumer, car sales. whatever it might be. that's why we are here. i have to say, it's not bad to be here. it's already 55 degrees in galveston, texas. all day we'll tell that story. here's why it's important. they've accounted for 16% of all housing starts last year together bob wettenhall and 23% of all jobs created over the last six years were here i