have to provide that. >> and, rick, steve just mentioned the president of egypt. we have to remember our president has not been terribly supportive of him. in fact he was more support tifr of the islamic brotherhood that he preceded him. they are more terrorist than this guy. >> i think in terms of that relationship it may be a little too soon to say. however, i do want to say something about the great question you asked david, about muslims speaking out. i've been digging into this. there are more than you might think, the media may not be giving them the opportunity but let me point out what happened in chicago, a woman who stood before the cameras, a muslim mother, saying, you know isil, leave our children alone. >> i remember that. >> she was ridiculed by certain television comment tarts who questioned her motives. don't do that. if you want them to speak out support them when they do. >> i praise everyone who speaks out against islamic terrorism whether they are muslims or christians or from wherever they're from. >> we support -- the civilized world would su

i'm rick steves.eading off on a very special adventure, traveling to three of the most exciting cities in europe: florence, rome, and venice. italy's my favorite country. these are my favorite italian cities and you're about to see why. i'll be with you during each intermission sharing special tips on traveling smartly as together we celebrate the value of public broadcasting right here in our communities. if you've got any friends bitten by that travel bug, give them a call or text them right now, because we've got a wonderful itinerary planned for you. in the next two hours, we'll share not only the marquee attractions of these great cities, but we'll get to know the back lanes, the edible delights, and the locals so proud of their heritage. now raise your travel dreams to their upright and locked positions, because together, we're heading for italy's cities of dreams. our first stop: florence-- birthplace of the renaissance.

i'm rick steves.today we're heading off on a very special adventure, traveling to three of the most exciting cities in europe: florence, rome, and venice. italy's my favorite country. these are my favorite italian cities and you're about to see why. i'll be with you during each intermission sharing special tips on traveling smartly as together we celebrate the value of public broadcasting right here in our communities. if you've got any friends bitten by that travel bug, give them a call or text them right now, because we've got a wonderful itinerary planned for you. in the next two hours, we'll share not only the marquee attractions of these great cities, but we'll get to know the back lanes, the edible delights, and the locals so proud of their heritage. now raise your travel dreams to their upright and locked positions, because together, we're heading for italy's cities of dreams. our first stop: florence-- birthplace of the renaissance.

steve forbes, saab brianna shaver and rick younger and more. >> steve let's talk about the costs now and clearly a lot of those detainees from gitmo who are redecembered go back to the battlefield, even chuck hagel has said at that, by the way, he said we know that some of the detainees that have come out of gitmo have gone back to the fight, the battlefield. that means they are costing us a lot of money when they commit terror. >> well that's right and it's not just money david it's also the fact that what price do you put on those mnt lives that these terrorists then go back and take? >> and gitmo is not a jail like it is in the united states, it's a prisoner of war camp and by the way the prisoners there are treated far better than most pow-s were in previous wars. the cost is not about cost. closing gitmo would be immensely costly they do go back to the battlefield and the idea that you can treat them like domestic prisoners is preposterous. this is a war. gitmo is a pow camp, period. >> rick, let's get back to what the president was saying. i know there are issues and we can tal

steve forbes, saab brianna shaver and rick younger and more. >> steve let's talk about the costs now and clearly a lot of those detainees from

before we get to rick through the lens here as i see it steve, there's only one way to interpret the market action and that is dovish. the dollar is down -- >> i don't know. >> you've got bonds down crude oil got whacked. rick here is what -- >> why would crude owl getil get whacked. >> the market interprets this as indicating that they may be slower here to move. is that the only possible conclusion from the market's reaction here? >> i came up with something different and steve nailed it on the last one. i called around to various asset managers and some of my sources. i never had such a unanimous answer. why? and here is what they said i'll read it because maybe not everybody saw the statement. this assessment will take into account a wide range of information, including measures of the labor market indications of inflation pressures and inflation expectations and here it is. and readings on financial and international develops. those last two words for traders are synonymous with it's not looking good. there's a light coming in the tunnel and it may be a big train. >> that's my po

. >> thank you, rick. steve francisco, where he's going to be interviewing san francisco fed president. good morning. >> yeah. the cci is not showing a whole lot of change in the year over year rate, andrew. but i think the story here is it does kind of contradict the negative number we had in december. the notion of waging falling. i didn't get the business spending and the inventory numbers. that strong consumer spending number that rick talked about seemed to be even stronger than what was pretty much estimated. that plus 4% number. inventories could have gone either way. and one of the reasons why economists were a little nervous about this number prices having falling so they didn't now how inventories can be valued. we'll see if that gets adjusted over time. i'll look at the inventory. some of this is estimated. 2.6% would be the first -- i think it was six out of the last seven we've been above 3%. we had those two strong quarters. but really the devil is going to be many the details here, andrew. >> okay

rick steve alan krueger, diane swonk, and kevin hessett. >> you know how myth busters says don't try on my model is 50,000. that's over since 2000. and i'm very happy to be there. >> i just made it up and i was close. >> i was closest. 250. >> oh, i got 260. i just totally made it up. >> so all my work is for naught. here's the thing. it actually is not good for my model in the sense that the prior month which my model was still at 220, whatever it was, went further away. this strength in november is interesting to me. and the thing that jumps off the table is just when you think you understand the dynamics of the job market which is that is stronger job market should lead to higher wages and attract people back into the workforce. what happens? you get a stronger job market you get not only a downward revision to the november earnings. you get a negative number for december. and you have more people leave the workforce and a decline of the rate. i submit that understanding the market is a job for brains bigger than mine. kevin? >> that's why you're going to me? >> exactly. >> it's a

money map press, kenny polcari from o'neill securities is here with us at the big board and steve liesman and rick santelli. steve liesman, first of all, the thing we had to puzzle this morning, the retail sales number from this morning. much weaker than expected when we all expected better things because of lower gasoline prices. >> it was a weak number across the board and you also had downward november revisions. i will say that the combination of october/november enough to power ahead overall consumer spending according to most estimates to a pretty good number for the total fourth quarter but really we have a puzzle. when you look at the market and what it has to see, what's in its vision you have these negatives that are coming out of the oil fields. we got a bunch of that in the beige book where they talked about things like hiring freezing and layoffs. that's the negative side. and it's not clear to the market that there is this upside. i suspect there will be. i think december is going to be seen as an anomaly but right now the market has the data in front of it and that data is not very

just to talk about what rick and steve were just saying. our country is showing amazing economic resilience despite the fact it's saddled with bad economic policy. the corporate tax rate, it's almost punitive and we still managed to claw our way out from under that. when we do claw our way out, it makes less incentive for people to change it. it's a double edged sword. it seems like we're cursed to this lukewarm fed induced mild growth. but back to e the numbers. this is a bad number and the stock market is reflecting that. it's no longer bad is good and bad is good. bad is bad. >> i got to tell you. the december durable shipments number was up 1.1%. it was the orders that were down which is sort of bad for the future. but the current number for december rick i don't know if you have an estimate on what people expected shipments to be. because the street does expectations on orders. >> i was looking for 1%. it actually came down .2%. >> i got shipments up 1.1%. do you have that number there? >> no. sorry. >> that's going to feed in. that's

get to the closing bell exchange lindsey piegi and jack and keith fitzgerald and we've got steve liesman and rick santelli to talk about things. steve, give us a play by play on the fed minutes. you know not a lot of surprises. we knew what came out of that meeting in the press conference. right? >> they're talking about global economic weakness. they're talking about the affects of lower oil prices. but overall, what they see is that the u.s. economy is able to withstand that some seeing risk to the up with side. maybe a touch aukish with one comment that the fed could raise rates at the current core pce level and they qualify that saying they would have to see movement towards a goal of 2%. overall, you know i'm more focused today than on the minutes with the data of adp number at 240. small business hiring at a record since 2006. and finally, that trade deficit number guys showing the effects of lower oil prices on the u.s. economy, that's a boost to gdp. our cnbc rapid update up by 0.4% and looking at a 3% or 3.2% fourth quarter growth and this is a quarter that a lot of people thought down i

some of those conserve steves can galvanize momentum like rick santorum in the last campaign, able to do around a few issues, position himself to go firth and last longer than anyone expected him to do. the other thing that i'm fascinated by is a lot of folks are fascinating by the top names. i'm looking at the next tier of republican governors that have yet to step in, the mike pence, the scott walkers. when they get into this thing, it's a whole different race. these other guys did, and they have come out on the other side and have a track record they can talk to the nation about. >> and in some ways, particularly compared to jeb bush, they're less rusty. scott walker won three elections in four years. and if i was scott walker, i would be touting that to every donor i could find. >> on that point, you can't forget that a scott walker has a national base now. the national party galvanized behind those efforts. he is not going to start in the woods. >> the reason it starts so early is because of how expensive it is, the ways in which we call the invisible primary plays out. the big q

contributor greg epp, steve liesman, what a day he's had and now joins us on "closing bell" and rick santelli in chicago, as well. steve, let me start with you on the jobs number. everything looked good. why was wage growth lower in the face of everything else that was so positive in that report? >> yeah. my neck hurts a little bit. it was a great jobs number. wages were terrible. back and forth. some question about whether or not there's volatility that's compositional in the sense of low wage hires and not necessarily any high wage hiring that went on out there, although some work by drew madison contradicted that saying there's been in december especially job growth in high-wage industry sectors and taking a pass on that in terms of waiting to see if this is indeed a problem. if maybe its the first sign of declareary forces on our shore here. some sort of result of what's happening overseas in europe. but if that's the case then what we know is that the way to fix it is with more job growth an we certainly got a lot of it. and the 250 is a good number. add on top of that 50,000 of

rick santelli in chicago. >>> let's get up to steve liesman with a cnbc rapid update on that data thisning. >> carl, especially the retail sales data, the big miss, bringing down the fourth quarter estimate, cnbc wrap it up done by moody's ap listics down 0.2 to 3.2%. still not a bad number coming off the five in the third quarter but erasing hopes we're going to get to 4% which some had out there. some still holding out, 2.5 to 4.2 is our range. here's where they are, deutsch bank at 4.2%, they don't change their number. barclay's at 3.5, jpmorgan credit suisse at 2.9, should be morgan stanley i'm sorry there, and goldman sachs at 2.5% there at the bottom, most pessimistic of all. still more date to come, the number could get revised, tracking 3.2, not it too bad off the 5 in the third quarter. >> all right. thanks so much for that update, steve liesman. when we come back we will keep talking about growth because american businesses are expecting 3.5% growth through the middle of this year. what about the longer term outlook. tom donahue will join us with his economic outlook and the

that is why chris christie's appearance and standing on his stage and rick perry did a fist pump with him and the democrats love steve king and love having him be a host for the republican party. >> chris, one of the interesting things in the book is the republican official most influencing the gop is not ronald reagan it is newt gingrich. >> i was going to say someone else. >> and already the white house making good on its name. and up next we'll talk weather and deflate-gate with bill nye, the science guy. can footballs actually deflate on their own in the cold? you listen. you laugh. you worry. you do whatever it takes to take care of your family. and when it's time to plan for your family's future we're here for you. we're legalzoom, and for over 10 years we've helped families just like yours with wills, living trusts and more. visit us today for legal help you can count on. legalzoom. legal help is here. when it comes to good nutrition...i'm no expert. that would be my daughter -- hi dad. she's a dietitian. and back when i wasn't eating right, she got me drinking boost. it's got a great taste and it helps give m

rick. thank you. let's bring in steve leisman on the numbers and michelle caruso-cabrera who's here on the swiss franc? >> obviously as rick said the food and energy on ppi was a surprise. it looks like it was driven by services, some increases in private capital equipment. but i'm seeing a little bit -- natural gas up 3.2%. so that's going to drive it. gas up 14.5. so a nice beat on the upside for empire state. and i did not see or hear claims. did rick give us claims? this is a volatile period here for claims. looks like they rose to a four-month high. >> 316,000. >> right. you're looking for a big increase with layouts. and the question is how much the seasonals get that. on the swiss franc i know michelle's going to talk about it but a lot of people saying this is the first victim of qe. saying that what this is all about is getting out in front of next week's move by the european central bank because what was going to happen was they were going to have this basically need to buy a whole lot of euros. it has skyrocketed. >> michelle? >> welcome to the world currency wars. they keep saying how do y

and with that representative steve king fired opening sabo in his race for 2016 precedential nomination during the freedom summit in iowa. former pennsylvania senator rick san tore sum another republican toying with the idea of running for president. but to be sure no one has made official announcement just yet but just showing up in des moines these days sends signals. >> it's great to be back in iowa. >> we need to appeal every world of obamacare. >> now mitt romney and jeff bush are among big name no-shows today and senators marco rubio and rand paul. >> a man who routinely heard voices is accuses of setting a six alarm fire yesterday that gutted several families in suburban pittsburgh. suspect, 27-year-old edward mcdonald lived in one of the apartments destroyed. he told investigators he started is fire in response to the voices he heard in his head. it was his way of dealing with the stress he was feeling. >>> two people suffered smoke inhalation and no serious injuries reported. eight people however are without a place to live. >> up in north jersey hundreds of people have been allowed to go home and sit through what remains of their apartment com

i'll tell you the person steve, overlooked is rick santorum.nues to overlook him or think he doesn't have a good chance. that's how people treated him before. he won the iowa caucus. we wound up being the second you know second to romney in delegates. he was, you know he was second to romney in terms of he was the last man standing before romney got the nomination. he's talking to the middle class. rick santorum has a chance to emerge. >> dallas -- >> i'm not talking about her age, but i am talking about the contrast that all of the republican candidates -- >> that's -- >> are well younger than the democratic candidates, especially -- >> oh, nothing worse than getting a call from your mom and that's how we met you boys. we thank you very much for joining us live today. >> thank you steve. >> one likes walker. the other likes santorum. listen to this. >> mama. thinks she's having a boy. >> the four-year-old calm enough to save her mom's life. that story is next about a biologic... this is humira. this is humira helping to relieve my pain and pro

rick santelli is standing by in chicago. steve reese is right here on set. ell. rick we want to hear what you think about the yields. we want to hear what you think about the numbers. go ahead, take it away. we've got december restale tail sales. >> reporter: we started with a little down and we ended up a boat load of sales. down 0.9. last month, up 0.7. a very respectful line. slashed about 0.4. if we take x autos down was down a whole percent. x autos down three. the control down 0.4. just one other thing i want to go over on that x autos numbers, last month that was up a half%. they took that down to positive 110. import prices down 2.7. certainly not shocking. down 5.2 year over year. i guess this is expected no farther than what's going on with how energy affects the equation. down 8.5 month over month. down -- if i didn't get that right, down 2.5 month over month. that was actually less than 2.8 expected. let's summarize the export prices if we look at exports instead of imports that was down 1.2. year over 84year we want to pay attention. 1% interest

steve as well. that we want to try to elimon-aid this but make it part of a larger tax reform effort. >> rick, this segment, after all, your idea. you're for complete abolition of the tax code. right? i'm kidding! >> i'm against you all. here's what we have to get to. we immediate to have an honest conversation. yes, we should not have the highest corporate tax rate in the world. >> we have nothing but honest conversations here. >> no no. i don't mean us. i mean the congress public, et cetera. here's the problem. we have to take our effective tax rate. we know some big corporations -- by the way john a republican candidate said corporations are people, too, and we forget all the deductions corporations get. we need to figure out what are they really paying? we should not be the highest corporate tax in the world, but we have to make it fair so that a small company who's paying full boat is the same as a large company that's paying nothing. >> mike i want to shock rick. i agree with him. the actual rate of taxation for corporations is much less than 35% because all the big guys have an army of lawye

people like rick licklider who created interactive computing and they lead up to people like steve jobs, bill gates sergey brin and the people we all know as leaders of this revolution. i was lucky enough to be able to meet these people and i started gathering strength and started collecting stories. i would say when he founded intel tell me that story. icom from vienna which is a place filled with storytellers and it's a great journalist and asked some football questions which is tell me your story. i was gathering the stories and i put them aside as you may know when steve jobs called. i had done one on benjamin franklin won on albert einstein and he called and said what a dumain next? i must admit my first reaction was -- but then i was told he was fighting off cancer realized it would be a great chance to be part of being up close to somebody who had been a revolutionary. it was a revolutionary and we know we were stored history a little bit. we made it seem like it was a visionary like edison or moore or steve jobs or bill gates or einstein. they have a lightbulb moment moment and

next rick perry wrote, "two years of college, what are they, rocket doctors?" [ laughter ] rocket doctors. >> stevecket doctors. >> jimmy: and finally joe biden wrote -- first! [ laughter and applause ] just confused. he doesn't know what that means. you don't understand what that first -- ah, forget it. i saw that former arkansas governor and potential 2016 candidate mike huckabee is releasing his 12th book later this month called "god, guns, grits and gravy." craziest part, that's just his favorite aisle at walmart. [ laughter ] mine, too. that's a great aisle. a lot of stuff. big store. >> steve: bible. >> jimmy: and during a fund-raiser this week, potential 2016 candidate jeb bush took a jab at hillary clinton and said, quote, "if someone wants to run a campaign about '90s nostalgia, it's not going to be very successful." hillary took offense at the idea that her campaign is rooted in the '90s saying quote, "as if, jeb bush may think he's the bombdigity, but he is living la vida loca." [ laughter ] [ cheers and applause ] that little beanie baby better talk to the hand, because when i'm done wi

. >> on saturday there was iowa republican congressman steve king's summit in the hawkeye state. the speakers ted cruz, mike huckabee, rickck perry and even sarah palin and donald trump, outside of a couple of exceptions these folks are competing in the conservative bracket. >> on sunday night, ted cruz rand paul and marco rubio were participating in a panel with the koch brothers. they're vying the win the koch brothers primary. >> call it 2016 bracketology lots of activity and lots of politi thanks for the ride around norfolk! and i just wanted to say geico is proud to have served the military for over 75 years! roger that. captain's waiting to give you a tour of the wisconsin now. could've parked a little bit closer... it's gonna be dark by the time i get there. geico. proudly serving the military for over 75 years. >>> it's sunday morning everyone. we are just one week away super bowl xlix, patriots-seahawks right he nbc4. usually this time of year everyone is talking predic what kind of food is going prepared for super bowl pa this year all anyone can t about is deflate-gate. did the patriots deflate footballs in the

people like bob khan who did the internet protocalls and rick lick lite, and they all lead up to people like steve jobs bill gates, larry page, sergey brin, the people who we all know as leaders of this revolution. and i was lucky enough to be able to meet these people, and i started gathering string started collecting stories about them. i'd say to them, gordon moore, you know when you founded intel and got to moore's law, tell me that story. i come from louisiana which like southern florida, is a place filled with storytellers, and it's always great to be a journalist because you can ask the simplest of all questions which is tell me a story tell me your story. so i put it aside, as you may know when steve jobs called. i had done a biography of benjamin franklin, one of albert einstein. steve called and said why don't you do me next. [laughter] i must admit my first reaction was, because he's my age. but then when i was told he was fighting off cancer, i realized it would be a great chance of being part of being up to close to somebody who had really been a revolutionary. he was a revolutionary

steve scheffler, what about iowa voters on mitt romney? guest: people want to take a look at the candidates. even though people like mitt romney, rick santorum have a reservoir support, they will be looking anew and trying to wegh weigh each candidate. host: we were live all day yesterday with the freedom summit. all of it is on our website, including many of the news conferences that took place in an adjoining room. part of our coverage on the road to the white house 2016. among those speaking, senator ted cruz, the possibility of two texas politicians, ted cruz and rick perry running for president. here is what he had to say. [video clip] >> i was once out in west texas and i said, the thing about folks from epa, unlike lettuce locusts you can't use pesticide , against them. an old farmer looked at me and said, wanna bet? [laughter] and the most important regulatory reform we could do is we need to repeal every word of obamacare. [applause] we need tax reform, and the most important tax reform we could do is we need to abolish the irs. [end video clip] host: what kind of reaction did he get? guest: he got a phenomenal reaction. i

steve? >> kayla, what i'm going to give you is the flip side of what rick was talking about, the growth side2.6% gdp number disappointed, the street looking for 3% plus and a sharp slowing from the 5s% of the third quarter raising the question are we now settling back into a middle growth with no inflation scenario. let me give you the details of the number. a lot of noise in the data worth talking about here. consumer spending up a strong 4.2%. government spending down 7.5%. that was national defense. a payback from an outsized gain in the third quarter. inventory surprising to the upside. net trade to the down side. they kind of cancel each other out. the big story here is that it seems like 2.6, 2.7 might be closer to where we should be growing here. finally just a little commentary here, some people saying the data leaves the fed in the same place, solid growth but with inflation missing. edging further away from their objective. i'll be talking to john williams the fed president later today to ask about this gdp number and the outlook for fed interest rate hikes. kayla? >> thanks so muc

steve: ooh, i saw that thunder. i said, uh-uh. i'm not going out there. hey, rick. name something you see outside that woul

he also had some uninvited guests dreamers holding up steve king's own word deportable. and governor ricks arrested by police outside the summit. joining me one of the dreamers that interrupted governor perry, co-director of dream action. erica, good to see you. >> hi jose good morning. >> this is not the first time you've gotten attention in iowa and beyond. what's the goal of these confrontations? >> well just particularly the goal of this past weekend was really to get a message not necessarily to steve king or to his crowd. i think for us it is pretty much a lost cause trying to get him to understand you know the stories of the undocumented community and that issue, but it was mostly for presidential candidates that were there who are trying to be presidential candidates for 2016. perry and chris christie whether they stand with steve king or whether they stand with immigrant and latino community. and it seemed like chris christie called him one of his good friends and i think to us it really has to show where they stand and where the latino community should be looking at or who they

rick santorum, and newt gingrich, i suspect you are going to see some of the folks who were at steve king's event yesterday getting money from some of the players who want to push this thing far to the right. >> that's going to create a problem for the event nominee because ted cruz is not going to get nominated by the republican party but he can make sure that whoever does get nominated is not electable in the general election if this goes too far. host: let's go to foenldz. lisa on democrats line from louisville kentucky. caller: thank you for c-span. hello, mr. mcmahon. i think you are a very smart democratic strategist bur i am not really a hillary clinton fan. i think she has had her time. and i think it's over. i would like to know what you think about governor steve bashear of kentucky. he had a successful healthcare rollout, which is very hard for a democrat to get elected two terms in kentucky and be successful. he also brings a lot of newer business from overseas to kentucky. i think he would be a great candidate, and i also like chris van hollen. i would like to hear your

>> with that representative steve king fired opening remarks in the race for 016 president precedential nomination during freedom summit in iowa. former senator rick santorum is one of the republicans of toying with the idea of making a run to the whitehouse. no one has made announcement yet but showing newspaper des moines shows a signal. >> it's great to be back in iowa. >> we need to repeal every word of obamacare. >> in america we value independence from the government not our dependence on it. >> mitt romney and jeff bush are among no shows today and and rand paul. >> meteorologist melissa magee joining us with more snow on the way. >> walter, as early as tomorrow night to monday we're tracking a clipper system working its way into the delaware and lehigh valleys. high today in philadelphia one degree shy of average. coming in 39 normal is 40. it's chilly outside tonight. 37 in the city. 35 trenton 36 allentown and 34 lancaster and feels colder especially where when you have the fresh snow pack on the wake of the nor east he. as you look at wind chills across the region winds coming in west, northwest, wind chills in the 20s across region. 25

steve king. >> do you believe the next president of the united states is going to be speaking from this stage to you today. >>> it's an all-day conference of potential gop candidates. rick santorum, scott walker. >> we took the power from the special interests. >> donald trump, who took a swipe at two fellow republicans. >> you can't have romney, he choked. you you can't have bush. >> texas senator ted cruz. former governor rick perry. >> thank you so much iowa. >> and sarah palin all among the tea party favorites. >> today was a test for new jersey governor chris christie in front of iowa conservatives. >> our values are consistent and we're fighting together to make this a better country. >> but notable for not attending, senators rand paul and marco rubio, mitt romney and former florida governor jeb bush, who on friday -- >> i know you're on the fence. >> no i'm not. >> a little fun at the national automobile dealers association convention in san francisco. >> i'm seriously considering the possibility of running. >> ladies and gentlemen -- >> back in iowa gop faithful weigh their options less than a year before the official kickoff to primary season. barry aarons nbc

rick perry in iowa. >> look at the story we were just talking about with steve scalise. governor bush it seems is looking into the future and saying, do you know what if we are to be judged by those with whom we associate in any form i am not going to be part of this gathering because there is nothing that i will gain from this. i implicitly and inherently disagree with the host. and whatever the exchange may be i'm not going to be associated with this. >> it's interesting because that was one of the things that people took from the romney experience in 2012 the republicans said in the primary he was so nervous about being outflanked on his right. there wasn't anything he wouldn't to do to try to convince the right wing, it's okay, be with me. this is not the kind of step that mitt romney would have taken in 2012. and it's interesting that jeb bush may be learning this interestingly. >>> there's another funeral for one of the slain nypd officers and all the politics that have come in. will the officers or turn their backs on the mayor who will be there as well. >>> later

steve liesman, brian kelly, thank you. melissa sticking around, wrovl. we'll see all these guys in a bit. let's get more from the fed statement. >> rick santelli on the bond pit. let's go to mary thompson live on the floor of the new york stock exchange. mary. >> hey there, melissa. rick is going to tell us about this later, but there's an interesting move from the ten-year. the yield initially kicking up after the sfaimt statement from the fed, but it's recently unmoved. very close to session lows. iffen at them at 1.755. in the equity markets, what we saw is a bounce to the -- in the dow up to about 90 points as investors expect that the fed will maintain this fractionan gains are lower than -- the index lower than it was before the fed decision. holding on to a 20-point gain. initially it looked like a positive for the stock markets, but it's given up the gains in light of that, and pretty of the much where it was before the fed decision. back to you. he reminds us that job gains were solid in december, and are now "strong." the economy was expanding at a moderate pace in december, but now it's a solid pace. you know, listen, the f

out of five times but since steve king engineered this hostile take overof the process there in iowa, from 2000 on they didn't picked a single winner. they pick people like rick santorum who appeal to the far right of the base but don't actually get nominated. so iowa as a result of king's influence is becoming less influential in the process overall. so that's not a good thing and not a good thing for the current crop of candidates. >> governor one of our reporters from msnbc.com interviewed steve king today. he says his staff kept a running list of some 12 to 16 prominent republicans who have leveled personal criticisms against him. going back to your point about people criticizing him. he kept a list. and king says quote, their agenda has been marginalized. mine has been strengthened. is this the steve king agenda? is it going to dictate the gop's 2016 primary race? >> well that's the big question. because if it does the republicans are destined to lose the 2016 general election. we saw what happened to governor romney tried to become more conservative to appeal to the base during the primaries and locked himself into positions that come the general electi

mike huckabee and rick perry, senator ted cruz former senator rick santorum santorum, and they are there in iowa to pay homage to congressman stevebest known for his hardline stance on immigration. he's a controversial figure in the republican party and a party that says it's trying to reach more diverse supporters particularly latinos, but king once told a conservative website that for every undocumented immigrant who is a high school valedictorian, there's another that way 130 pounds and calves the size of coconuts. michelle obama will be sitting with an undocumented college student at the state of the union address, he tweeted out this obama perverts discretion by inviting a deport to believe sit in place of honor at the state of the union with the first lady. i should say the with alito who hasn't attended a state of the union speech since 2010 as msnbc reports, dreamers young immigrants brought to the u.s. illegally as children will be protesting the event this weekend in iowa. it was that same group in fact that confronted king and rand paul back in august. when paul heard the conversation that they were starting he promptl

steve king getting a lot of big name presidential hopefuls there. chris christie governor of new mexico governor of wisconsin will be there. you see on the screen ted cruz mike huckabee governor rick perry. a lot of people are saying this is the unofficial kickoff to the presidential season. at least on the republican side. iowa is the first in the nation caucus state. a very important state. the first time we are seeing iowa voters get to see all of these people in one room at the same time but emissions from the list. >> was i not reading fast enough? didn't see jeb bush. >> or no mitt romney and they're meeting themselves in utah together just the two of them. pre-scheduled prior to mitt romney possibly testing the waters. and what's really interesting here is a lot of people say, look if mitt romney and jeb bush both get in this race that is a lot of money on the establishment wing of the party that's going to be split, and perhaps they could beat up on each other and that would open up an avenue for somebody who would not do as well in the general election to come through. they'll probably talk about that and how hard they would go after each other if they would both run. and

rick santelli. dig deeper into that as well as the big retail sales number. cnbc senior economics reporter steveq nothing major in headline in line with forecasts. but boy retail sales dis disappointment. >> looked like the grinch succeeded this year in stealing the christmas and cindy lu was not there to melt icy heart or as many suggesting the number is all wrong. i'm getting comment tear on that. but first, let's me tell you what steve stanley said, based on the list one have to conclude the christmas selling season a disaster though most stores came out of the period saying things went well. here's the stage, set by declining gas prices strong job growth, put more money in americans' pockets. result, a big drop in gasoline sales but we're not seeing the gains any place else. the numbers that rock the market this morning. down zeer 09. he ex-autos down 1% with the core number that feeds into gdp which was down .4. november revised down to .04 from 0.7. october and november core sales strong still on pace for 4% sales growth in the fourth quarter. here are details. big plunge in gas station sa

steve liesman joins us now. sort of a mixed bag on all fronts. >> i'm not sure why rick is so sure the inventories is a bad numberthat go up? >> i'm pulling it up right now. on a whole as a contribution to gdp, it's not good. it subtracts. >> higher inventory adds to gdp. >> i think we weren't seeing the addition people were looking for. >> i thought it was double what was expected. i was looking for 0.4% and it came in at 0.8%. >> correct. >> what i want to talk about is this jobs number which came in right about a little bit higher than expectations. 252 is the number. you want to add back revisions. 252 plus 50 is 302,000. that's the equivalent of jobs added if you take revisions of october and november. unemployment coming in lower than expected. we were looking for 5.7% got 5.6%. earnings down 0.2%. there is a puzzle out there. that is how is it we have such a relatively strong job market but earnings are down? i have a theory i can't prove, but i'll talk about that in a minute. look where the jobs are. a lot of construction jobs which is a puzzle given how lame the housing market has been. these constructio