hi, i'm rick steves, back with more of the best of europe. this time, we're in a city that for centuries has been a magnet for world travelers -- we're in eternally entertaining rome. ♪ there's history everywhere here in the city of the caesars. the coliseum reminds us of ancient pageantry and gladiators. monuments like trajan's column boosted imperial egos. statues show how emperors were worshipped as gods on earth. and the pantheon, with my favorite skylight anywhere, inspired future ages to great domes of their own. but we'll learn about these ancient wonders in another episode. right now, we're interested in a different rome,

steve forbes, rick uger and our other guests. steve, does this make any sense? >> no, it doesn't. it's a complete waste of money. but this may be a plot to undermine the muslim brotherhood because it carries -- in return, we want you to cut a deal with the i fm. we know the international monetary fund w its high tax, getting rid of subsidies when the economy is in a free fall and devaluating the economy, a huge wave of making the government totally unpopular. otherwise it's a huge waste of money. we shouldn't do it. >> rick, on the face of it, at a time when the white house is complaining that it has to give out furloughs and cut white house tours, spending $250 million on a government that's run by the muslim brotherhood, does that make sense? >> actually, i love steve theories. i have to rethink everything i'm going to say now. you have to be careful now. for starters, keep in mind that the condoleddated foreign aid act puts strings on this money. we can't give money to egypt unless they agree to continue their peace treaty with israel. in a sense, there is some good news in the

two people that know this story better than anybody, our own steve liesman and rick santelli. what do you think? >> i don't think so much. i think there's a lot of slack in the labor market. the fed has made a commitment to remain -- to keep purchasing bonds and keep quantitative easing policy in place past the point where we think it's already needed, partly because there's been all these false starts before, bill, and i don't think this is enough to move the fed or meet their criteria of substantial improvement in the labor market. one more thing, i think that you could have a rise in the participation rate in the coming months if the job market is really improving than could raise the unemployment rate. >> rick? >> let's look at the number today. believe me. it was much better than expected, no doubt about it. but we now move back over 40% in terms of the number of people unemployed that have been unemployed for over 27 weeks. if we had the same labor force participation rate we had when the president was first sworn in, the unemployment rate would be very close to 11%. hav

quickly rick, then back. >> what steve is saying is not giving people a choice, he is saying avoid social security if you want to put it 18 mutual fund. that's not a choice. >> that is a choice. you own the money. you own your social security money and you put it into an s&p 500 index fund or -- >> a choice, ck. >> what is it about choice you don't understand? sounds like choice to me. we got to leave it at that, gang. there is a difference of opinion clearly. happy third birthday health care law. is there really a cause for celebration? eric's crewgetting ready to unwrap a new reason why it's not when they crash the party. first here on forbes, one college giving new meaning to higher learning. it's saying sayonara to student loans putting students to work instead. should more follow suit. we'll debate that next. >>> you want to lrn, you better earn. the college of the ozarks in missouri is no longer accepting students who take out loans. instead kids who need money for school have to work it off on campus. the college says it will help solve our student loan debt program. and john think

quickly rick, then back. >> what steve is saying is not giving people a choice, he is saying avoid social you want to put it 18 mutual fund. that's not a choice. >> that is a choice. you owthe money. you own your social security money and you put it into an s&p 500 index fund or -- >> a choice, rick. >> what is it about choice you don't understand? sounds like choice to me. we got to leave it at that, gang. there is a difference of opinion clearly. happy third birthday health care law. is there really a cause for celebration? eric's crew getting ready to unwrap a new reason why it's not when they crash the party. first here on forbes, one college giving new meaning to higher learning. it's saying sayonara to student loans putting students to work instead. should more follow suit. we'll debate that next. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert

quickly rick, then back. >> what steve is saying is not giving people a choice, he is saying avoid socialual fund. that's not a choice. >> that is a choice. you own the money. you own your social security money and you put it into an s&p 500 index fund or -- >> a choice, rick. >> what is it about choice you don't understand? sounds like choice to me. we got to leave it at that, gang. there is a difference of opinion clearly. happy third birthday health care law. is there really a cause for celebration? eric's crew getting ready to unwrap a new reason why it's not when they crash the party. first here on forbes, one college giving new meaning to higher learning. it's saying sayonara to student loans putting students to work instead. should more follow suit. we'll debate that next. (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they k

rick santelli from the cme in chicago. steveere so that it looks like -- >> at cnbc global headquarters. >> i've got to ask him, though, the games in russia, i skipped over the name of the city. >> sochi. i went there in 1993 when they opened the first radisson foreign hotel. we flew down there for new year's eve. >> that's where they opened your reeducation camp. >> and we took a helicopter ride into the caucuses in the day after new year's and the guy said that the law prohibited from going more than 500 feet close to the mountains, but i will take you closer, he said. and we said no, that's okay. we all kissed the ground when we landed. >> now we know. >> down in sochi. that was not what i came to talk about. >> no, i needed your expertise, though. >> you have a hit, don't you? >> i was just going to talk briefly about the debate yesterday which was reignited later in the morning when we got that plunge in consumer confidence numbers and whether or not that means retail sales is going to roll over. and there's a nice, interes

that's the overriding message that we're talking about. >> steve: rick sanchez joining us from miami.check? >> i hope i didn't lose any of your peeps. oh, my goodness. >> steve: thank you very much. good to have you here on the fox family. >> all right. it's a pleasure. >> steve: all right. what do you think about that? e-mail us. coming up, a look at what's opening this weekend at the box office. kevin mccarthy here to tell us the movies worth seeing. on this day in 1976, "december, 1963", oh, what a night, by the four seasons. everybody sing. in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. with fancy feast mornings gourmet cat food. (announcer) make mornings special, mornings are delicious protein rich entrees with gden veggies and egg. fancy feast mornings. the best ingredient is love. dad: you excited for youyeah.st day? ♪ dad: you'll be fine, ok? girl: ok. dad: you look so pretty. ♪ i'

rick santelli is standing by at the cme in chicago. steve liesman is with us. nnualize adjusted rate. permits, 946,000. that's up $4.5%. starts up 0.8%. how does this figure in 9.17. at the end of the year we had 973 number. it now stands at 910. permit side, 946,000 is a pretty good number. as a matter of fact, that's going to take us all the way back to '08 since we have had a better number. permits, what may be down the road is rather encouraging. this is pretty much a big reversal from the national association of home builders sentiment which backtracked to fall levels. this is more substantial in terms of data points. where is the yields? pretty much exactly where they were yesterday. after the cyprus issues, we fell in the mid-190s. it's like we nailed it to the wall as rates pretty much stayed there. the equity markets of course looking like a positive number. statistically, you know, don't bat against deposit of opening especially when you look at the current run for the month of march. and as far as foreign exchange goes, we see that the euro is hoverin

rick unger and rich and elizabeth and john and morg an, so steve, the president said getting the private bankings out of the student loanand more government has it made it worse. >> it is. college costs continue to go up killing the middle class parents and kids. instead of catapulting a career it is it an albatross because the degree is indebtedness. get the government out so colleges learn to cut costs and have it three years instead of four years and on line and those reforms so you get an education to get ahead and starting out behind. >> student loans are up 90 percent of all student loans are begin bypass the government; is that too much? >> i acknowledge the problem. it is difficult for the kid and schools. but there is it a critical public policy issue here we can't forget. you take away student loans from the government, you are really saying from this moment on, people only with money can go to college. you don't want a country where you have to be wettley to go to college. it is it a way to destroy the middle class. >> rich, one of the worst thing about government loans, they

rick santelli and steve liesman are standing by at 7:30 here. does that come at 8:30 doesn't it?, that's good. we love that. and all i see is chanos. i don't see -- >> there you go. >> all right. >> about an hour away from -- at least i know what time it is. is it 2013? >> i think so. >> you're chanos, right? >> you're no anchorman. you don't read anything that's just thrown up for you. i'm ron burgundy? >> if were in a different city maybe. but we're an hour away. we're two hours away if we're like in some other city. three hours away. but we -- here we are. three government economic reports are due in an hour. jobless claims, revised fourth quarter productivity and the january trade deficit. we were going to try to surprise you with santelli and liesman but now you know that they're going to be here at 8:30, so i guess i can't do that. we'll have all those numbers and market reactions. now, everybody out there is really excited. wow, liesman and santelli are going to be on at 8:30. the bank of england has left the key rate interest rate unchanged. also opted against more moneta

rick? that's what he's going to be worried about here. >> you know, steve.i look at the markets and tell you what the market is doing. but if you can can per receive how a market many react when the subsidy is removed. the markets in the u.s. used to be the envy because it used to take care of this all by itself. >> it never did. >> that's the dilution of nostalgia, rick. >> the delusion is do they really have control over anything. >> this is the same how to game out how the market will take it if the fed cuts a quarter. >> no. we're living the gardener. i want to know how many more peter sellers will be running around with big brief cases telling people how the markets are going to react. >> rick, it's what we did all the time. >> i'm bored with this argument. but i do want to ask you -- >> just my side? not rick's side? >> yeah. were you watching earlier when i was reading about the the universe that it inflated a trillion trillion trillion fold. i said that was more than bernanke. >> i did not see it. >> roger, you were watching yesterday, right? what wa

he definitely fears steve liesman and rick santelli.vest in self-imposed fear in this kind of bull market. if you find yourself thinking, okay, okay, wait until the bloodshed starts, we're okay. you are not going to take positions with any confidence and you'll be spooked out with every mention of anything involving a fed. you're going to be so defensive as to have much less exposure to stocks and much more cash than you need which is a license to fall behind in rapid fashion. most likely not participated in the upswing and you certainly aren't going to be involved in the industrials of the housing plays because both would be hurt by the fed's actions that you so fear. in fact, you would most likely be short those sectors if you're a hedge fund manager, hence another costly performance. consequently your advice, at least to this guy, it's tainted or questionable. that's why i want you to know the positioning of every fund manager who denigrates this market. how much are you in? i know that's a bold -- courtesy of the public portfolio i

steve liesman is on set and rick santelli is standing by at the cme.down so i know exactly who's right next time and i give proper credit to the proper place. >> this is the tough part. 160 on payrolls. total. 170 on payrolls private. unemployment sticking at 7.9. i think we're looking at basically a race between household balance sheets, which are deleveraging, and the consumer who's just not as strong and he and she needs to be. >> okay, austan? >> ail say 165. i think we've had modest progress getting a little better, unfortunately as the sequester starts kicking in i think this is likely to slow down in the coming months. >> and what about your unemployment rate? >> unemployment i think stays the same. >> okay. brian, how about you? >> i'm slightly more optimistic. i'm in line with last year's average. private 180,000. unemployment rate ticks down 7.8%. >> okay, steve. your official ones. i know you tried to stay out of this before. >> kind of like 187 is where i am. >> precise. >> because i think i like the adp number which has been doing a little

rick, thank you, sir. steve, thank you, sir. scott? >>> all right.st of stocks that could make you some money in the retail sector. >>> and tomorrow on "squawk," do you know what mine craft is? your kids probably do. you're going to talk to the ceo behind the viral computer game and find out what the company has in the pipeline. and as we head to break, look at futures on the back of that better than expected retail number. it is a different story than what it looked like a couple hours ago and implied open is now higher. not huge, but nonetheless, a reversal as the dow has put together this string of gains and looks like it's going to start this day higher. ♪ ♪ twith blackberry hub10 and flick typing. built to keep you moving. see it in action at blackberry.com/z10. you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!! ♪ >>> we've been watching the >>> we've been watching the fut

and so you get the whole going from hedrick smith, bureau chief, on to rick burt who covered the national security council, steve roberts and marty -- [inaudible] who were alternating congress and white house, bernie, the diplomatic correspondent, phil who was doing the environment. and they weave in and out. i'll do a long one of marty primarily because it tells what it was like there without exception if you started in "the new york times" at that time. marty said, i got a bachelor of law degree, and then i went into the service for two years, and i came out and took a va course called how to get a job, the burden of which was something, to go for something you're really interested in. so i wrote 110 editors and had six interviews, four job offers in 1954. what i was offered was copy boy jobs, mail room jobs. i took the one at "the new york times." then when you got that jobs, according to the va course, consider it a foot inside door, and make yourself useful to the people who are doing the kind of work you want to do, and someday a task will come, and they will need somebody, and they will look at you, and t

. >> heather: steve centanni, thank you. >> rick: breaking developments out of syria. the leader of the main opposition group resigning saying he is disappointed over the lack of help from the international community. leland vittert has more from the middle east bureau. >> the iraqis are giving the wink, wink, nudge, nudge here so iranians can fly into supplies and even soldiers. for a long time the u.s. are pressuring iraq but the fact they are going public with intelligence they are trying to shame the rumbling kiss to stop the flights. fox news was the first to report the flights. they use cargo planes to fly into syria with anything that assad needs to keep killing his own people. what intelligence sources confirm this is video of the flights that are happen multiple times a week and reinforce a truck system the iranians have in place. iran helping syria is no nothing new but iraq is different. john kerry is arriving here. the fact they are making it public that pressure on the iraqis didn't work. on one hand it supported the attacks on assad and says the days are

. >> let's also bring in steve leaseman and rick santelli for more reaction.iews with what you're hearing from people there when you're looking attic movements. what really jumps out to you? >> i'll tell you what, and i am totally serious about this. when i walked in, this is a little earlier than our regular time. people are walking around, taking care of issues from friday. people have come up and said i understand this is a little island with a gdp that's in fan tess mal. i'll tell you what, i'm kind of shocked that it made that jump. i understand that at a time where computerization allows every government on the planet to track and have say complete financial audit trail of everything anybody has, whether it's in this country, 401(k), deferred retirement account. there's a rule of law issue here that's not only going to bug people in cyprus but it's going to bug everybody around the globe. that last comment you played is ridiculous, we'll never do it again. it is absolutely beyond belief. but this really is a shot across for anybody who has a deposit in a

of 30 reporters there and so you get the whole going from rick, the bureau chief, on to rich, who covered the national security council, steve roberts, and marty schulte who were alternating congress and white house, bernie, the foreign diplomatic correspondent, and they weave in and out. i'll do a long one of marty. primarily because it tells what it was like there without exception if you started in the new york times at that time. marty said, got a bachelor of law degree and then i went into the service for two years and came out and took a v.a. course called, how to get a job. the burden of which was something to do -- go for had gone you're interested. and i wrote 110 makes and i was offered copy boy jobs, mailroom jobs. took the one at the new york times. when you got that job, according to the v.a. course, consider at it food in the door and make yourself useful to the people doing the work you've whatnot to do, and some day a task will come and somebody will be on a project or on vacation or sick and they'll look at you and say, what the heck, he knows how to bring us coffee, how to rip copy of off the machine. give

. >> rick: when -- filibuster, could he talk? >> steveof the the others don't talk. they have to ask him questions. >> gretchen: there is the milky way. >> brian: here is the other thing. a democrat sided with him. >> steve: yeah. >> brian: at least a little side of bipartisanship on something besides dinner. >> gretchen: don't hold your breath. >> steve: i think in all, two democrats actually stood and asked him questions and we'll have a report live from washington on that in a minute. first, off to north korea. >> gretchen: your headlines. north korea threatening the united states hours before the u.n. will vote on a new round of sanctions. they vowed to launch a preemptive nuclear strike on america. the u.n. security council is set to impose a fourth round of sanctions over their latest nuclear tests. it's not believed they have the capability yet to reach the united states. the threat probably not going to help dennis rodman's efforts to score a peace deal with kim jong-un and president obama. >>> horror at an exotic cat sanctuary in

steve hirsch, thank you so much. we go from adult entertainment to the clubs. rick'se publicly-traded company that is the pace seter for adult clubs around the country. you didn't know that, did you? sandra: i do now. david: find out how revenue continues to rise even as fewer big spenders shows up at the clubs. sandra: well are big spenders staying out of the casinos? what about the casual gambler? that would be two different types of gamblers. higher taxes and gas prices could spell trouble for cities that do rely on casino resorts. coming up tonight at 8:00 on "cavuto" talk about challenges e facing. david. david: good stuff. ♪ . i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low costnd tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackro. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read

rick likes and yahoo is doing it individually and if it fails it fails individually and notffect other companies it is it the correct decision. >> we sached the boss for last because we didn't want steve to intimidate the workers one way or the other. >> yahoo is in trouble and brought her in to straighten the situation out and june is right. one size does not fit all. how she did the decision a disaster in a memo and instead of saying we have to recreate the new culture and make drastic changes to stave it is company. we are in a highly competitive industry. it was the way it implemented. when steve jobs came back to apple he fired 3000 people. she should have conveyed that. >> and it might be right for some and wrong for others? >> ibm has 40 percent of the work force working remotely . my good friend who is it an, steamed commockist said it is it a economic decision. if you cut yr real estate cost by 40 percent that is it a good savings. >> ibm has computer sales men and constultants, and the issue is, forgive me, if the new ceo can't fix the company, we know jobs for the employees to come to . no one will be on working atia >> what about the labratory requires people work face to

finney and i are both wondering please explain to us, steve, how that candidate would get through the iowa caucuses as a first stop? >> well, look, rick santorum won the iowa caucuses. he wasn't the nominee. pat robertson won iowa caucus, he wasn't the nominee. iowa doesn't pick the republican nominee any more than it does in the democratic party, but the republican party in 2016, 2020, cannot be held hostage to the social extremism that some in our party have on all these issues because the country is changing and voters in the middle won't tolerate it. >> karen finney, a striking quote from a lesbian that wants to marry her partner, happens to be a cousin of the chief justice of the united states supreme court. she has said he is a smart man, he is a good man, i believe he sees where the tide is going. i do trust him. i absolutely trust that he will go in a good direction. i guess it is a question of how well does she know her cousin. >> that's a fine question. i don't want to prejudge or jinx it, but i think it is the right thing to do, but from a legal standpoint i take the position as an interracial person, when my parents were m

and steve liesman in the studio. rick, we're about two seconds away.the survey says -- january personal income fell more than expected. down 3.6%. no revision. our last look. we were expecting about 2.5 lower. let's look at the internals. we look at just the spending, it's actually right on target. up 0.2. last month was split in half. up 0.2 in december. it's now up 0.1. the deflator, unchanged. that's on a month over month on a year over year up 1.2. you know, i can go through the rest of the internals. nothing jumps out at me. let's look at this for what it is. everybody, you know, especially at the fed, i would think, wants to see the spending. i'd rather see the income. but income down, spending up a bit as expected. i guess what's most note worthy today isn't necessarily this data, although interesting. it's what's going on in the foreign exchange markets. and believe me, when you have central banks doing things, whether you like them or not, it gets difficult with thumb of the scale. where you do see the interest rate differential in full-blown

rick, is it good or bad for he economy? the president's programs, as we talk about on a daily basis are not cheap. stevedirecter of the narc institute for early education research at rutgers was consulted by the white house. there's a number, estimated, one the president's plan, that early childhood education could cost up to $10 billion a year, rick. this goes in the line of more spending, more recovery. this is a lot of money. >> well, yeah, but here's the concern. i don't know how you can make the argument that 800,000 civilian defense workers losing their jobs can be good for the economy. i don't quite see how that's possible, and now on spending on preschool, look, what we're looking at now, forget the president's agenda to increase it. we're now looking at major cut to head start because of the sequester. i don't know if that impacts on the economy today, but you can't tell me this is a good thing for the future when we take away the programs for kids. >> bottom line is, literally, barack obama needs more revenue. he needs another source. he just raised taxes on the risk, talking about closing duc

support went to rick santorum, chris christie, paul ryan, scott walker, ben carson, ted cruz, bobby jindal and sarah palin. joining us now, nbc analyst and mccain senior adviser, steve schmidt, analyst and obama re-election campaign adviser robert gibbs and huffington post editorial director howard fineman. robert gibbs, this is your debut performance on the last word. we have a motto that's very republican. it is not what you say but how you say it. keep that in mind. >> i have to say that lead in provides an exceedingly low bar for which i can roll right over. you know, chairman priebus may have cued it perfectly. >> months later, he figured it out. >> might have spent less paper figuring out the two or three things they did right in 2012 rather than all of what they did wrong. i think they have a herculean task on their shoulders because it isn't about how you say it. obviously spending $10 million to do outreach with the same message will result in the same outcome. they have a huge problem in what they say, not in how they say it. and i think the biggest problem for the chairman of the rnc is he is not going to make any of these changes. as you mentioned, there

rick thatcher, the syracuse goalie. we went down there and he couldn't have been nicer. >> steve: you look so much like your son. >> brian >> steve: yes. >> brian: he's still doing it. that's when it was the morning show before it was national. >> gretchen: very cute. so you have a long history are regis and now you get to work with him. >> brian: 82 years old, sitting there as quick as anybody. >> steve: he's a role model. >> gretchen: coming up on "fox & friends," she bravely shared her story of surviving an attack at gun point. the response? >> chances are that if you had had a gun, then he would have been able to get that from you and possibly use it against you. >> gretchen: the victim will respond to that democratic senator live coming up next. >> steve: and sorry, brian. you're going to need a new suit. turns out beer goggles are a mess. >> brian: what is that on me? >> gretchen: just because you drink a lot of beer doesn't mean you have goggles on. >> brian: i choose to have a beer once in a while only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your re

steve: they haven't worked. that's why michigan governor rick schneider is fed up with detroit's huge crime, huge debt, and hugets who have controlled the city for years say they don't want the help. joining us is spokesman for michigan freedom to work coalition, brian, who joins us live from detroit. good morning to you, brian. >> good morning. thanks for having me on. >> steve: we should also point out you're a member of the united auto workers and you work for ford as well. what has been going wrong with detroit for many, many years now? >> well, the short answer is they've had a population decline since 1950 when the population peaked around 2 million. they're now down around 700,000. they haven't reduced the size of government to reduce the cost. so the tax base isn't able to pay for the services and the unions have been -- the unions were fine when the population was expanding and they were able to increase their tax base year after year. but during the shrinkage, they haven't wanted to reduce the number of jobs and reduce the labor costs in detroit. now it's coming back to bite them. >> steve: we ran a c

steve, take it away. >> i'm looking at the wholesale number, which rick is exactly right, four times better than expected. it's either going to go -- people will buy it or it will go on the shelves. we count all of it as we count gross domestic product. they use words like solid, better than expected for a big upside surprise this morning. but some still warning the strength is not the trend here. let's take a look at the numbers. nonfarm payrolls 236. economists were expecting only 160,000. so almost 100,000, or 76,000 more. unemployment rates, 7.7%. forecast at 7.9%. average annual earnings okay at plus 0.2%. here are the details. construction 48,000. we've been waiting for a pop in that, given that we've had home construction increase. manufacturing do be better. health care, perennial job better. retail was a question mark because we were concerned about the payroll tax taking away from retail. maybe that's a sign that the retailers are doing better than we think. temporary help is a leading edge of unemployment. that's good. government decline, is more at the state and local level. because of the se

rick brings up a good poi point. >> we'll leave it there. great conversation, great panel. al smith, come back soon. we'll see everybody soon. don't move! right after this break, steve liesman is sitting down with the new treasury secretary, jack lew, for his first interview since taking over the treasury. then we are awaiting the results of the latest review of the banks. we'll find out which banks requested more capital, which were rejected, and which were given the capital. find out what it means for your portfolio. that and a lot more coming up on "closing bell." platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-255

ed tore rick green says no actual addresses were given. the map was later taken down. >> steve kids. that's coming straight from the mouth of the chicago teachers union president. watch her say this. >> i love parent-teacher conferences 'cause i would just lie to the parents. [ laughter ] he's wonderful! the parents would look at me like, are you talking about my kid? [ laughter ] and the kids would sit there like, when is she going to blow the whistle on me? >> steve: hilarious. she went on to say that these are, quote, tips that work. the speech, given during an education conference earlier this month. >> gretchen: three young girls off in the woods in florida saved by a pair of light-up sneakers. they wandered off to watch some horses and found themselves four miles from home. that's when one of them realized she had her grandmother's old cell phone. it can only call 911 and that's what she did. police sent out a search helicopter and six-year-old grace used her sneakers to wave them in. >> i was maybe thinking we might have to stay here the night. i was just thinking i want

on the day when i did it, instead of rick, just to kind of get a laugh, i guess. >> murphy's law. they got you good, steve all laughing about it, aren't we. >> it's okay. it's just an international audience of viewers, millions around the world. let's get the road map for the next hour. dow hitting an all-time high for the next session. are new buyers really jumping in? when will the cyclicals start playing? top strategists on how to play the big bull run. >>> two firms citing growing concern over the retailer's so-called turn-around plan. is it too little too late at this point. >>> jefferies says best buy is a good buy here. we've got the analysts behind that call. >>> an exclusive interview with bp's ceo bob dudley. what does he think is next for the oil markets. >>> a new record here for the dow as we mentioned. records keep coming. importantly in today's session, new high in the transports being confirmed also by the dow. so a buy signal. let's bring in doug ramsey, director of research. art, i will start off with you. a lot of people might have missed this rally. what do you tell them? does it keep

steve rattner. it looks like "time" magazine's getting spun off. >> yeah. well, we have rickngel, of course, coming in a little later. instead of doing the cover, we could find out what's going on in "time." >> i think rick would probably rather read the cover. >> i'm sure he would. the magazine has been troubled. the shareholder returns kind of guy has been trying to raise the stock price. tried to do a joint venture with meredith where they've combined these magazines with meredith. that fell apart with "time," "fortune," "sported illustrated" that didn't fit in. now they'll try and spin the whole thing off, kind of like what rupert's doing with his newspaper company. >> so first of all, what's rupert doing with his newspaper company? is rupert going to sell the "new york post"? >> no. i think rupert would, you know, sell his prized heirlooms before he sold the "new york post." he loves the "new york post." after the hacking thing and because you have a disparate set of assets in the company, he's taken his newspapers and educational publishing and spinning that off in a se

rick, a lot of information there. markets trying to work their way off the lows. let's get reaction from steve liesman.one today, steve. >> yeah. disappointing construction numbers. i'm not quite sure why. they're really sort of strong to the down side, carl. and i'm wondering if there was a negative -- maybe a weather issue related there. i honestly don't know. residential was unchanged. and we've had just other really good housing numbers. that's a little off. and then transportation, manufacturing down, 2.9%. spending i expect to be down. lodging down 6.1%. that's a little bit of an amomly. on the other side, something for everybody. upside on the ism, with a new orders up, production is up. i haven't seen the employment number, that's down just a little bit. but still at 52.6. unfortunately ism, this cycle has not done a terrific job predicting the outlook for manufacturing. it is a good number to follow. it's one that's done over many decades, excellent job of predicting the company. this would suggest strengthening for the manufacturing sector. puts more strength for gdp. right now it's all up to

steve schwartzman with blackstone. >>> ceo and co-founder of fourscare dennis crowley with us on south by southwest. first, though, ricke grains a little bit later. rick? >> traders are interesting folks. all right. grains, it's all about grains. right now i look in the corn room and i see corns over $7. it really has been an arranged. i look at soybeans, best level since november. they're above 15. but i look at wheat, it's going straight down. we're going to try to decipher what all of this may mean for you, what it may mean for commodities and what it may mean for food prices but that's in ten minutes. >>> welcome back to cnbc. the market flash desk. watching shares of gwen worth. stock up by getter than 6%. it's still currently trading at half its book value but for that reason, carl, bar wrens in an article over the weekend said the stock could double. of course that would still mean it would only be trading at one times book value but that would be a big gain for the stock. carl, back to you. >> thank you. >>> south by southwest being called a launching pad for tech start-ups and apps. especially true for foursqu

steve liesman. lots of incomes. if you've got these numbers separate from your all american numbers. >> there's a lot of numbers going on. i think rick. a big part has to do with aircraft and how the government counts it and the delivery by boeing. if we look at nondefense. minus 3.2. plus 95% in february. so i don't know if they delivered a lot of planes or the government just wanted the planes they delivered. in general, the business investment proxy has been doing quite well. it's minus 2.7. rick is correct. it's about a point and a half worse than expectations. but we did have the 6.7% jump in january. it seems we're still on track for business investment to add to gdp in the first quarter. i don't know if mr. darst has capital goods companies and whether or not they have been a good play. >> we like the industrials. they have a global guerrilla expect. you want to look at hiring. you want to look at the fourth piece. profits. so we're wondering whether they're going to come through. they start the earnings season very shortly. and this is connected to the goods orders. thirdly, personal income. that's the wages you show over the

. >> steve, since the kids are in charge today, we're making the show all about social media, facebook, twitter. i want to read you a tweet. rickegist, i finally just saw the mccain and graham clips. just wow. twilight of the old order much? so obviously there's a lot going on here in terms of policy. but in terms of senator mccain and senator graham, do you think they are clinging to some old conception of politics in terms of denouncing young people and their support, or are we not in a transitionary period? >> and by the way, the viewpoint that senators mccain and graham are expressing is not a minority viewpoint in the republican party. there's a lot of people who would agree completely with the point that they made. but there's going to be a big, robust debate that plays out now over the next couple of years. and what has been a strain of libertarianism in the republican party that's had no expression for a long time is going to begin to express itself. and i think it's going to find itself to be popular with a lot of people in the country because in the republican party, the knee-jerk interventionism in places ranging fro