hi, i'm rick steves, back with more of the best of europe.this time, we're in north wales, splitting slate, exploring castles, and steaming up mountains. thanks for joining us.

and i want to bring back steve and rick because the first thing you said, steve, was that it was a dovishet it feels like the market is taking it as anything but. what do you make of this? >> you want to let it settle out a little bit, but i'm real interested in what rick's hearing down there. i went through this thing. there is one paragraph in there that does say that whatever we do here this doesn't mean a change in the guidance. so they're trying to say you know what? we went from 6 1/2% to this qualitative guidance, but it doesn't make you want to think about anything about the outlook for rates. i read it as more dovish but clearly somebody somewhere is reading it as more hawkish at least on the initial thing. it could be just to sell the news. i want to know from rick if he's hearing any specific statements down there that have spooked the markets into thinking that it might bring forward, when interest rates might go up. i don't see it. i see interest rates being lower for a longer reading this statement and i'm ready to be corrected. >> oh, no. no. i'm not hearing a debate about

rick santelli is standing by at the cme in chicago. steve liesman is in studio with us. over to you. >> a litany of data. here we go. retail sales headline, february up 0.3, a little better than expect. if you take out autos, still up 0.3. that's good news. take out autos and gas up 0.3. let's mush it all together, the big group, that's up 0.3. 3s are wild. let's quickly look at january revisions. here's where it gets a little sticky. wasn't a good number, dunn 0.4. do you it's down 0.6 are. ex-autos on change, down 0.3. that smushed it all together number which was down 0.3 last month, doubled to down 0.6. you have to balance these two out. jobless claims, dropped from 324,000, 9,000 less at 315,000. that's a slight revision originally released. continuing claims, a different time frame, 2.85 million as expected. import prices for february, they were up 0.9. almost double expectations. if you look at a year-over-year versus that month-over-month, they were down 1.1. up close to 1% month-over-month. take a wider view, down 1.1. here's the kicker. we expected that year-ov

quincy crosby, todd verchet, rod morgan, and our own steve liesman and rick santelli. steve, i will start with you. i mean, i know rick always gives treasury auctions a grade. what grade would you give this jobs report today? >> i'd say give it like a "b" considering that it had a tough time getting to school because of the weather and taking the test. i think amid what was clearly a tough climatic month, that at the end of the day you're going to -- 175,000 is a good number to have. there were some other signs of strength, bringing people back into the workforce and higher wages was a good one, too. >> rick, if you want to look at how this is being interpreted, look to the ten-year. 2.8%. do we start having the conversation about 3% next? >> well, i think so. you know, being a technician first, any kind of a close today for the week above 2.76% probably augusters you're supposed to have more of a short presence looking for resistant at 2.85% and 3%. it isn't only the economy and isn't only what's going on with the equity markets and how much they have surged. i also th

steve forbes. rich and elizabeth, bruce jackson, rick unger and john. so steve, this is the only hope a lot of these kids have. >> absolutely, david. that's why parents are so adaamant about it. they want them to have a ticket for the future. i'm here in chicago, out here the mayor is in favor, rahm emanuel, so kids in chicago, 13% than in new york which is 6 or 7%. out here the mayor knows they are a ticket to the future. he is a great fan of them. so the more charter schools the better. and at least one mayor out here gets it even if de blasio in new york does not. >> bruce, the reason,et's be clear about it, the reasons that the unions hate these schools is because they don't have to hire union teachers. >> well, that's part of it. i'm out in denver for health care conference, but one of the things going on in chicago where i live is that they closed 50 schools and the mayor does get some credit for opening charter schools, but he's only opened a handful and the unions in a lot of people, the taxpayers are asking questions saying you know, who is owni

rick tyler, a republican strategist and steve mcmahon is a democratic strategist.nybody making money off of these guys? they spend billions of dollars. are the consultants or ad copywriters making money? they're paying the checks to somebody. tv stations, i guess. >> on himself. harry reid spent $14 million on his last election. >> on himself. but harry reid doesn't like -- well, the unions also gave him money. >> let's get to the point here. why is harry reid going after the koch brothers? why is he making it personal and admitting it's personal. he doesn't like these guys. >> well, he doesn't like them. but he also wants to make it much more difficult for them as business people to be successful in business if they continue down this road. so he wants them to be shunned at cocktail parties. he wants their business associates to question their motives and what they're doing. he wants to make their lives difficult in their communities. and i think he -- >> here is what i know about the koch brothers. they don't like being talked about. they like spending lots of mo

steve moore and cnbc contributor rick santelli. rick, how did you read yellen today? >> i don't think think she said that much different than we heard from her before. the markets read a lot more into her than i did and they went down on something that they might as well have gone up on. if you say you might normalize sooner than people thought, that means the economy is improving. the market should haveom applaud that. >> rick, i saw this quote from leon cooperman. i think it was via doug cast but cooperman says if people don't believe oron don't understand tn interest rates have to go up, they shouldn't be in this stock market at all. i don't think a one percent interest rate is any big deal. i'm going get your take. was the impression that janet yellen was hawkish in your view? >> no, definitely not, larry. what we saw today in action was some of the nworld's biggest bod funds and their positions being long, threes being long, fives. they like to be long the heart of the yield curve around that five-year sector. if you look at threes or fives, they came out like a

bell exchange, it's susanç fulton, nathan bachrach, steve fitzgerald, david kudlow, our own steve liesman and ricksantelli. steve, i'll begin with you. what did the beige book tell us that seemed to confirm what everyone has been talking about, that one word that's dominated for the last two months, weather. >> i feel like i got hit with another storm. it got down to minus ten. the beige book mentions the word weather 119 times according to the word count program. that compares with just 21 in the last month and 18 a years ago. so weather a big factor. what was interesting was the areas that it hit. you know, rail traffic in dallas, homes throughout the country, manufacturing in nine different districts. so to me it does two things. it confirms, as you said, the notion that there was a big impact of the weather, and it sets us up for the markets to maybe look beyond what could be a soft jobs report. >> nathan, does any of this matter? >> it doesn't matter at all. the one thing i find amazing about the beige book besides the fact this they could pick a color in washington is this is proof that abso

closing bell" exchange today, erin gibbs, bill smead, steve east, michael block, we've got steve liesman on board, rick santelli is along for the ride as well. steve liesman, let's start with you. coincidence or not, but richard fisher, the dallas fed president, speaking in london made those comments that he made typically hawkish. the market started to sell off. is that why we saw the sell-off today do you think? >> i think so, and something appears to be bothering the market that i didn't know was bothering them, which is doesq e end in october or does it end in december? kelly, some quick math. five times ten. five meetings at $10 billion gets you where? >> that's $50 billion. >> okay, bill, here is to you. $55 billion over six meetings gets you how much left over if you do it in $10 billion increments? >> that's a lot. >> it's $5 billion. five left over. the question is does the fed do one $15 billion one to end the whole thing in october, let it go? why do we care? it's simple why we care. >> we're splitting hairs now, right? >> when does the clock start ticking on the six months or so -- >> it's

steve forbes. rich and elizabeth, bruce jackson, rick unger and john. is is the only hope a lot of these kids have. >> absolutely, david. that's why parents are so adaamant about it. they want them to have a ticket for the future. i'm here in chicago, out here the mayor is in favor, rahm emanuel, so kids in chicago, 13% than in new york which is 6 or 7%. out here the mayor knows they are a ticket to the future. he is a great fan of them. so the more charter schools the better. and at least one mayor out here gets it even if de blasio in new york does not. >> bruce, the reason, let's be clear about it, the reasons that the unions hate these schools is because they don't have to hire union teachers. >> well, that's part of it. i'm out in denver for health care conference, but one of the things going on in chicago where i live is that they closed 50 schools and the mayor does get some credit for opening charter schools, but he's only opened a handful and the unions in a lot of people, the taxpayers are asking questions saying you know, who is owning these s

rick tyler, a republican strategist and steve mcmahon is a democratic strategist. is anybody making money off of these guys? they spend billions of dollars. are the consultants or ad copywriters making money? they're paying the checks to somebody. tv stations, i guess. >> sure, they spend a lot of money to get people elected. but harry reid doesn't like -- well, the unions also gave him money. >> let's get to the point here. why is harry reid going after the koch brothers? why is he making it personal and admitting it's personal. he doesn't like these guys. >> well, he doesn't like them. but he also wants to make it much more difficult for them as business people to be successful in business if they continue down this road. so he wants them to be shunned at cocktail parties. he wants their business associates to question their motives and what they're doing. he wants to make their lives difficult in their communities. and i think he -- >> here is what i know about the koch brothers. they don't like being talked about. they like spending lots of money. they like to

rick santelli is standing by at the cme in chicago. stevembers, the market again, looks like it's fairly upbeat. dow futures are indicated up above fair value right now. let's get to rick right now. >> fourth quarter final productivity nonfarm, of course, is 1.8%. that is not the 2 plus we're looking for. it's close, close, to half of the 3.2 that we had on our last read of the last quarter. this is a dispoiting number. unit labor costs dropped 0.1%. jobless claims, for the most recent week, they dropped a lot. because we revised last week 348 to 34. that isn't huge. then we take it down to 323,000. so we're down 26,000. that's rather significant. and of course, that's never bad news. the real issue is whether we actually create jobs and we put the unemployed back to work. continuing claims, 2.9 million. on the chart right now, one of the issues that many are paying attention to is if you look at average productivity, starting in early 2011 to our last read not including what we just put on the screen today, that averages a little over 1%. t

ask steve and his neighbours, and they'll tell you the serente place, balances the rick. >> if you could see beyond the cloud, it's worth it. >> the country allowed building here, despited studies showing the sloping unstable. the last big slope was eight years ago, damning the river and causing flooding. building continued after that. >> it's a nice area. we have an 88 acre fan. >> firefighters like jeff mclellan spent days dealing with body recovering. they shrug off suggestions they sunday build where they were. >> i thought it wouldn't have happened again after 1996. it took away the pressure. but it did. >> i'm not thinking about the danger are. there's danger everywhere, from when you drive to work and home. emergency management consultant assess some land should be considered too dangerous to build on. >> when you think about what is done to prevent this. it's individuals thinking about are they at risk. >> as allen schauffler reports, only bodies recovered and seen by coroners are counted as dead. >> christy has been cleared of any dealings in the george washington bridge. he was

steve wieting, citi private bank. ben white, chief economic correspondent at politico, jared bernstein, senior fellow. rebecca patterson, chief investment officer at bessemer trust. the man who has the trader's ears, rickman. welcome, everybody and let's play. steve. >> 135. >> 135. ding, ding, ding. ben white? what are you thinking? >> 115. no change in the unemployment rate. >> jared bernstein, your predictions? >> 138 on the payrolls, unemployment ticks up a tenth to 6.7%. >> rebecca patterson, how about you. >> 130 on the payrolls, unchanged inemployment rate at 6.6. >> rick santelli, your guess? >> 120,000 on jobs and i'll take the fifth on the unemployment rate. i definitely don't want to be viewed as acknowledging it has any significance. >> steve liesman, your thoughts? >> 84. >> one more time. 84? >> 84. i have a crazy motto about the private sector. i don't think they'll add much to it. >> without going over? >> the price is right rules. it's got to be "price is right" rules. >> one job. that's my prediction. >> i will wonder, half of your brought down your numbers given the numbers we've seen this week. steve, 84,000, you adjusted that. >> manufacturing employment, other employment was reall

we have rick santelli standing by at the cme in chicago and the professor steve liesman is in the studiolitany of data popping up, two, one, buzzer, please. cpi for the month of february up 0.1. strip out the all-important food and energy still up 0.1. year-over-year headline up 1.1. cooler than 1.6. even cooler than some of the expectations for 1.2. if we look at core year-over-year, 1.6. which is exactly expectations, exactly matches our last look. and of course we do have a new calculus for this data series. we want to view how that all sifts through. housing starts and other key data, this is about right. 907,000, close to expectations. last month's 880, moves up a bit to 909,000. considering the revision, 909, 907, we're off a witness kerrhi terms of percentages. permits in february jumping over a million, 1.108. that is versus a slightly upw d upwardless revised 947, moves to 945. that's up 7.5%, close to 8% on permits. there's our data. we still have some of the most important data yet to come in the form of what are foreign interests think of investing in u.s. dollar denominated

joining us our political panel abc news political director rick klein, "the washington examiner" susan ferrechio and steve. steve, jay carney today said we are confident. >> he said that they're confident every day since october, i think. look, they don't have a lot of reason to be confident. these are problematic numbers. they are not, i think it's important to say they are not enrollment numbers. they are sign up numbers. that's a very big difference. percentage, we tonight note exact percentage but somewhere probably in the neighborhood of 17 to 20% who have not actually paid premiums which means that they have signed up but they haven't technically enrolled. so you are going to see that 4.2 million number come down by a not inconsiderable margin. that's a huge problem for them much the other problem as you point out is the demographic spread. if it's 2 a% when their target was older sicker people if you don't have young and healthy people signing up. the rate of signups is slowing. this was supposed to be huge month, february came in below expectations and the rate is slowing, that's a problem for thi

tim leach, marty patel, steve liesman is with us, so is rick santelli. we are ready to go here. steve liesman, i will start with you. we haven't mentioned janet yellen's speech today. she made it clear exactly how dovish she is, didn't she? >> which is a key issue for fed and fed policy and what she said is that there's an awful lot of slack in the labor market as far as she's concerned. she mentioned people working part time for economic reasons, people unemployed for longer than six months. she talked about five different metrics and if there was any doubt how dovish she was on the issue of labor. i think the thing that moved markets was her saying that this required the fed to remain easy for at least some time. didn't walk back the six-month comment, but in a subtle way suggested maybe it was longer than six months. also, bill, taking a very populist tact for a fed chair. she mentioned individual americans by name and their experiences in the job market and later in the day maybe we can bring you this after her speech, hopefully we'll be able to bring you this video later, sh

rick santeli is standing by. steve leishman is standing by with us. ake it away. >> initial jobless claims moved up 5,000 from an unrevised 315. that's 315,000. 320,000 this week. continuing claims hovering just a whisker under 2.9 million. and of course, the big news of the day is that short maturity notes like twos may be more specifically and aggressively three-year notes. five-year notes yesterday. they moved higher at a pace that far outpaced longer maturities. flattening. if you think back, we've seen that before. bear stearns, lehmanns. especially in an area where you're not going to see a real tightening until 2015. and the long maturities, they may be a little nervous about the stock market. we're going to go over that, but it is the talk of the watercooler community today. back to you. >> for more on the data, let's get to steve leishman, who's been doing a little number crunching. thank you for that. >> it's another sort of evidence that some of the pops we saw earlier last month were kind of weather-related in the sense that you've now sett

. >> steve, that's why we have an inspector general. by the way, a hit-and-run by rick saying that democrats weren't consulted at all in this -- well, i have in my hand a whole list of -- it is a redacted list of copies of exchanges between the i. and democrats from 2012 until 2013. you cannot say that democrats were not consulted. that's what their report says. >> i didn't say -- >> that's not -- >> yes. that's n -- >> that's not true. >> i said the i.g. had meetings with daryl issa and the democrats should have been represented in those meet. >> hold on a second. steve, we have a big letter from the democrats suggesting that there was no contact between democrats and the i.g., that certainly was not true with this exchange of e-mails. we see it was. we have an i.g. they are new attacking the messenger who is the on independent observer of this process. >> yeah. when you -- attack anyone that gets in your way. you disparage everyone and make it sound like it is a debate out there and we are not doing anything wrong. as for 401-c-4s, engaging in trying to educate people

rick weiland. west virginia, where shelly more capito leads natalie tenant, and montana, where steve danes has a doubledigit lead over former lieutenant governor john boelginger. open seats in michigan and iowa are also open targets. these were states twice won by president obama, but they suggest a tough fight until election day. mark pryor of arkansas, mary landrieu of louisiana, kay hagan, and mark begich, all face strong gop contenders with ample war chests to pummel them. that's 11 states where the gop is tied or leading to win six more seats needed for the majority, and there are three more vulnerable democrats. minnesota senator al franken, jeff merkley, and mark warner. all at risk in their states in large measure for their allegiance to the unpopular president. republicans say they haven't seen a map or momentum like this in the senate in nearly two decades, and today, the democratic national chairman send out a plea urging without more money, democrats will lose their majority. >> all right, carl, thank you. >>> the man who put about eight bullets into the white house three years ago will spe

rick helicopters. what was once the largest helicopter operation in the world. and he was the first president of the helicopter association. >>> let's go back over to steve paulson for a look at the weather. your microphone up in order? >> that was a good story. >> i love hearing from people like that. >> we do have cloudy skies and some very light rain. almost all the observations say cloudy. there is drizzle out there or very light rain. this is a whole hum system. 50s or low 60s on the temps. another mild pattern. low 80s toward the santa clara valley. by this afternoon i think later this afternoon we will get sun in here. 50s and 60s for a lot of the temperatures. so not cool. it's kind of toppling over. and that is a bad sign. so drizzle mainly. or really light rain. cloudy and mild. this will all move south but 60s and 70s rain totals will be very, very light. cloudy and mild morning. morning drizzle or light rain. breeze might pick up tonight into tuesday but i'm getting ahead of myself. sunny side up here. mild to warm. >> thank you, steve. >>> pounding surf made the rescue operation of a trapped surfer very difficult. they got a call yesterday afternoon

. >> ask steve bloom and his neighbours, they tell you the serenity of the place balances the rick. >> if the clouds weren't here, and you could see the mountains, it's worth it - the beauty, the paradise. >> the country approved ohms in this part of paradise wiped out by the side, despite studies showing the slope was unstable. the last big slide was eight years ago, damning the river and caused flooding. building continued even after that. >> it's a nice area. >> local volunteer firefighters like gentlemen mclellan spent days dealing with body recovery, shrugging off suggestions that they shouldn't live where they do. >> i thought the hill would never slide again. they blocked the river then. it was like an earthquake, not happening again for 100 years. but it did. >> i don't think about the danger. there's danger everywhere, when you drive to work, when you drive home from work. >> still, emergency management consultant eric holder says some land could be considered too dangerous to build on. when you think about what could be done to prevent this, it's land use planning, individua

governor rick perry, there he is with steve, weighing in next. but his dog saved the day. the incredible story that will make you believe in miracles next. ♪ ♪ [dog] let's do this larry. he across america, people are taking charge of their type 2 diabetes... ...with non-insulin victoza. for a while, i took a pill to lower my blood sugar, but it didn't get me to my goal. so i asked my doctor about victoza. he said victoza works differently than pills, and comes in a pen. and the needle is thin. victoza is an injectable prescription medicine that may improve blood sugar in adults with type 2 diabetes when used with diet and exercise. it is not recommended as the first medication to treat diabetes and should not be used in people with type 1 diabetes or diabetic ketoacidosis. victoza has not been studied with mealtime insulin. victoza is not insulin. do not take victoza if you have a personal or family history of medullary thyroid cancer, multiple endocrine neoplasia syndrome type 2, or if you are allergic to victoza or any of its ingredients. sympt

rick, thank you. >>> let's bring in steve liesman, the senior economics editor. boil it all down, fed is till on track to taper assets next week? >> i think that's right, simon. just a quick word on these inventory numbers, you know, you don't necessarily want to see these rising. they are up a little bit more than expected at 0.4. the inventory-to-sales ratio creeping up a bit from 1.3 in december to 1.32 in january. it might mean there's a little bit more inventory to work off depending on how the economy does and sales do. a lot depending on jobs and retail sales which we got this morning. 315 on claims coming in better than expected. jobs doing okay, the forward moving average hasn't been this low in quite a while. february retail sales up a tick. exauto 0.03. and we are discounting this number both because of weather but because it wasn't much of a snapback. the big declines in december and especially january and then this modest about a zero three rounds up from zero 2 six. look at the retail details. autos up 03 after being down 23 in january. and the left

thank you, steve sedgwick. >>> let's go to chicago with rick santelli for this morning's santelli, changeimon. i think the topic of geopolitics and what's going on in crimea is front and center. let's look at the lay of the land before we get to all of the issues. as i look at our ten-year note yield, it settled at 265, it's at 266, we're basically up one basis point after the referendum, which obviously, the outcome is less meaningful to pretty much everybody outside of putin's regime. let's look at something a little bit less intense. let's look at how many basis points we are above the lowest yield of the year in some of the related areas. in the u.s., we're about eight basis points above our lowest yield close for 2014. let's look at the bund, it's in their backyard, they're one basis point above the yield close for the year. the uk, three basis points above. in japan, about four basis points above even though it's only 58 basis points to begin with. so the factors are that we're trying to handicap, pretty simple, the geopolitics of the situation and the ongoing issues with china's sl

rick perry. it's wisconsin governor scott walker on thursday and i'm going head-to head with david axelrod on friday. steveus. impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses gundyes!n group is a go. not just a start up. an upstart. gotta get going. gotta be good. good? good. growth is the goal. how do we do that? i talked to ups. they'll help us out. new technology. smart advice. we focus on the business and they take care of the logistics. ups? good going. we get good. that's great. great. great. great. great. great. great. great. great. (all) great! i love logistics. ( music ) steve: las vegas, it's sin city. it's the city of lights. it's the city of entertain

rick. right now let's get over to steve liesman.clusive all-america economic survey. steve? >> yeah, andrew, and in this statistic, i think we can explain more about the differences in the united states than any other piece of data we have ever gathered in the seven-year history of this survey. 800 americans polled across the country. we asked a simple question. why do you think people are poor or wealthy? due to circumstance or due to their own actions? you can see here that 53% of the public says people are poor due to circumstances. only 43% of the public say people are wealthy due to circumstance. take a look here at the other one. 35% think it's due to their own actions, poverty that is. a little more charitable about poverty. a little less certain about the reasons for wealth. but that's not what i want to emphasize here. what i want to emphasize is this unbelievable split between democrats and republicans. take a look here. 58% of republicans believe that people are poor due to their own actions. 67% of republicans say people

rick santelli is tracks the interest raid and currency action. ricky? >> thanks, sue. aisle city trying to understand what tyler and steveere talking about with the fed. it's really important, but it's not really important. i don't know, i can't wait for the press conference on wednesday. if you look at a chart of tens, i can see things more clearly. we're up a couple basis appointments after the crimea referendum after our high yields on friday. if you look at a two-month chart, the treasury market is pretty much committed to a pattern. momentum is to yields to the down side. there have been corrections, but we still sit about 35 basis points lower than where we settled last year. if i look at the euro versus the dollar, it answers all questions. does this look like a currency where there's aggress in the backyard? it didn't so toe m the etf for munis, it's about to break out to the best levels -- we had the mayor of san jose. nobody really care being that anymore. steady as she goes. >> no, but that was a great interview. thanks. >>> you want 165 points on the dow the market shot higher right through some resistants le

. >> steve, good to see you, too. thanks, rick, for that. >>> yen is such an important indicator.ot a good day for citi. it's down 5 and some change percent slipping to the downside after the bank failed the federal reserve's annual stress test. the management practices and capital cushions are not robust enough to withstand a severe economic downturn. earlier this morning on "squawk on the street," our own jim cramer had advice for citi. here's what he said. >> the smart thing for them to do is to issue a huge number of shares right now at $45. get this past them. that's the smart thing. instead of battle, instead of complaining, do it, get it over with, move on. >> we should note those are jim cramer's opinions. for the record when you look at the numbers that citigroup posted they cleared the fed's hurdles with flying colors. the fed asked for 5%, citigroup posted 6 1/2% tier one capital. this is an issue about citi's qualitative or their planning practices. their ability to project revenue losses in the case of a severe crisis. now, they sought $6.5 billion in buybacks and sou

rick perry, governor of texas. of course, incarceration does cost money. perry bacon jr., political editor at the grio and more coverage on my show "up with steve car kornacki" 8:00 eastern time saturday and sunday mornings. thank you, perry, for being with us tonight. >> thanks, steve. >>> we continue to monitor news about the missing malaysia airline 777 aircraft which lost contact with control. 239 people aboard. as we get more information, we're going to bring it to you, so stay with us. master of the digital universe. but do you protect yourself? ♪ apparently not. when you access everything, you give everyone access to everything about you. but that's ok. while you do your thing... [ alert rings ] we'll be here at lifelock, doing our thing. watching out for things your credit card alone can't. [ alert rings ] and relentlessly protecting your identity. get lifelock protection and live life free. [ alert rings ] yeah... try new alka seltzer fruit chews. they work fast on heartburn and taste awesome. these are good. told ya! i'm feeling better already. [ male announcer ] new alka seltzer fruits chews. enjoy the relief! from crest 3d white, new brilliance

rick santelli. >>> more jim cramer from the gulf of mexico. later on, stevein with his view on the state of the economying activist investing and where we're headed. "squawk on the street," it's coming right back. it's a growing trend in business: do more with less with less energy. hp is helping ups do just that. soon, the world's most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind. no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ making moves that would put an adult in an emergency room. yet all they really want to do is grow up. it's funny, everyone i know wishes they could go back and feel younger. sound familiar? then test drive one of these. current non-gm owners and lessees use your $1,500 allow

steve hayes, senior writer for the weekly standard. elise, and jason riley, editorial board member of the wall street journal. jason, you listened to senator paul, ted cruz, and you listen to rickis clearly a libertarian lean to their messaging. they're obviously playing to the cpac crowd. but there may be in the party a libertarian lean that starts to develop this year. >> certainly, certainly. the gop has lost the popular vote in five of the last six presidential elections. what you're seeing here is a very healthy debate about how to move forward. and i think we'll see where it goes. you mentioned libertarianism. i think we're getting some of that. the tea party certainly contributed to that. and we see it reflected in the speakers. rand paul is trying to pull something off here that would be sort of breaking the mold, i think. traditionally, you have this three-legged stool with the fiscal conservatives and social conservatives and then defense hawks. paul is much more libertarian than your typical republican candidate. we'll have to see if he can pull it off. i do think, yes, the libber tainian bent is seen in the speakers at cpac. >> it's interesting that rand paul, i bel

rick. >>> up next, the author of the highly anticipated book "haunted empire, apple after steve jobs."post nine. find out why in her view she thinks the tech giant's success cannot continue without jobs. we're back after a quick break. ...return on investment wall isn't a street... isn't the only return i'm looking forward to... for some, every dollar is earned with sweat, sacrifice, courage. which is why usaa is honored to help our members with everything from investing for retirement to saving for college. our commitment to current and former military members and their families is without equal. no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-sec

rick santelli. that is a four-year low in nonmanufacturing ism. let's get to steveah, i want the good news first. >> the good news is the weak services sector report here goes along with the weak adp report so i'll get to that in just a second. but i went back to look at the last time we had an employment component in ism that was this low and i go back to may 2013. and in that same month we did 222,000 on jobs so a little bit hard to know how much to take from it. but it's clear that's weakness in the service sector as a result of this number. this number's very steady. it's the service sector of the economy. manufacturing goes up and down with the weather, with demand and inven other and service sector is haircuts and lawyers and all sorts of stuff like that doctors' appointments, it's not that volatile when it goes down it's something to take note of but maybe it's also a weather aberration i think what we're hearing. that's what we saw this morning in the adp report according to mark zandi that puts together the report for the company, the total 139,000 against

rick perry's replacement. wendy david easily picked up the democratic nod. in the texas senate race, john cordon beating tea party candidate steve stockman. >> south africa's blade runner oscar pistorius covered his ears and went with the first prosecution witness. the neighbor said she heard a woman screaming followed by the sound of gunshots. this does contradict his claim that he accidentally shot his girlfriend, thinking she was an intruder, a legal analyst warns this trial has a long way to go. >> as a prosecutor, you would always want to introduce evidence that really creates a good impression and good start for the court. i think the state has really done that by this witness. this witness started with a bang, evidence was really startling. >> he made history becoming the first paralympic athlete to compete in the summer olympic games. he faces a possible life sentence if convicted. >> there is widespread violence against women in the european union. the agency for fundamental rights interviewed women in 48 countries, one in three reporting physical or sexual abuse beginning in the age of 14, one in 20 said they were rape

steve, the past ten in a row. >> and, you know, with pretty weak economic data. days where you do what rickg is it all weather and the fact that you can't know. dudley's out with some comments and interview with the "wall street journal" saying it's hard to look through the data. that's really the bottom line, you just can't know. >> steve, we'll see you in a little bit. steve liesman back at hq. costco down 3% after reporting the bigger-than-expected fall in profit and weaker gross margins especially and fresh food especially during the four-week holiday selling season. let's bring in the managing director with stern ag and courtney reagan joins us for the conversation as well. guys, good morning to you both. >> hi, carl. >> chuck, i can see missing once or twice but three times and this one is the worst of the three. what's going on? >> right. yeah, you're right. three straight misses from costco. this is the worst miss since at least 2002. i think, you know, some of it's transitory in nature. some of it was the weather that you and steve were speaking about earlier. some of it was margin

rick. always enlightening to talk to you. >>> meanmeanwhile, a lot of ecoc data this morning. it may be changing the way people are looking at economic growth. steven of the cnbc rapid update powered by moody's analytics. it's a new market wide measure and how much an economic report changes the street. interesting stuff, steve. great graphic. >> cool graphic but it's going to get more interesting as time goes by. right now i want to give you that rapid update and tell you the new home sales which is the data today that does feed into gdp did not change the tracking forecast. the economist who we surveyed are still looking for 2.2% growth in the first quarter and their growth is 3.2% for the regular draft. let me explain this quickly which is we have a wide disparity right now t in the outlook for growth. what i'm looking at here are guys like joy looking for 3 lf 1 and then mark zandy looking for 2.6. what we're going to do now is when all this data comes in we'll see how this updates the people who are following here, they're tracking forecast. we get a measure and are able to translate essentially all of this data, carl, into gdp points and mak