joining us, yale university professor, robert shiller. back, we will talk about fads and fashions with cliff asness. be talking with jack bogle, founder of the vanguard group. ♪ >> welcome back. chalk this up as another round in the battle between companies and moguls in san francisco. union workers will march to twitter headquarters with a building one but -- and they want twitter to pay, 50 $6 million, for the tax breaks they got from the city of sentences go. megan hughes has made the trip. she is with us outside of twitter headquarters. why are san franciscans so dam that -- damn mad? theyey are upset because say this is taking a big bite out of the city budget. these are service workers, sei you you you know organize protest. they will start at city hall at 4:00 today, rush-hour. expecting about 1000 people to march here to twitter headquarters which you see behind me. and it is not just twitter that got this tax break. the unions say it is $56 million that should've gone to the city. that is just from twitter. $100 million for these

robert shiller, thank you very much.p, open ssl is implementing as many as six d six percent of all websites and it has a bug. >> it is the latest threat to your cyber protection, open source software that runs two thirds of active websites. it has a flaw called heartbleed. discovered by researchers from google and experts are now urging consumers to change their web password. how does heartbleed work exactly? >>? is a full -- heartbleed is a flaw. open-source encryption technology used by most websites , it is a form of communication on the internet. that is what they used to secure information. emotional the information on the energetic today, like passwords, instant messaging, e-mails, your financial information is encrypted using the open ssl. the father has just been found actually atbleed is security bug or programming error in that particular program. >> has anybody been able to exploit that yet? >> there'd are some news here and there but not widespread problem yet. but the issue is that he can be very catastroph

robert shiller-- co-founder of the case-shiller home price index-- tells cnbc.. he still describes the housing recovery as strong-- even though some of the recent data is showing weakness in the housing sector. shiller adds, the futures market at cme predicts 25% higher home prices in 2018. new numbers from the rand corporation point to the possibility that as many as 7.8 million additional people have health care insurance because of the affordable care act. insurance companies can no longer turn people away who have a pre-existing condition. and americans- can apply for coverage directly with those insurance companies. the obama administration does not count these enrollees in their offical tally. so far, 7.5 million people have enrolled for coverage through the obamacare exchanges -- possibly bringing the grand total of enrollees to more than 15 million. blackberry could get some financial healing--- blackberry is taking a small stake in nanthealth to develop a new smartphone designed for people in the health care industry. the phone will have the capability o

robert shiller the co-founder of the case-shiller index, noble lawyer et and professor at yale universityo have you back. good morning. >> good morning. >> part of the release talks about the disparity between the prices, the home prices, and the weak numbers we've seen out of new and existing over the past couple of weeks. what do you make of that? >> well first of all, our numbers are for february. but it's been more than a couple weeks that we've been getting weak numbers in various dimensions like permits, the nahb, housing market index starts, existing home sales, so yeah, the market would seem to be weakening. even months ago. but our data are still holding in there on a seasonally adjusted basis they look as -- pretty strong. >> do you expect the numbers to start a downtrend once we get into march numbers? >> i think it might. although years ago, i used to publish regular forecasts and one thing i learned then, is that there's a lot of momentum in the housing market and so the most important number is the housing price number. now it is flat now. it's not going up. but it might be

eastern time, robert shiller. andrew, back to you. >> thank you.what does super model heidi clum and glen close have in common? they donated fashions with more than half of the proceeds going to charity. we'll explain how it works and introduce the found irz afters e break. break. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and the

robert shiller is urging higher taxes to solve the income inequality problem.anel is back with us. he makes the point that if we wait until inequality is more severe, we will have a whole class of the new super rich who feel entitled to their wealth and will have the means to defend their interest. it has already gone far enough. the hand gesture. i could feel him thinking that. >> the last five years amid a presidential administration the most class conscious divided people among classes, we have had more income inequality than ever before. melissa: do you take away from the rich and give to the poor? what do you do? >> i would say damn the hikes. damn them. look over the history, this has been a tax rate environment exacerbating the issue. even when lyndon johnson took the idf massive tax cuts further back in the 60s, that is when inequality narrowed. when you see tax hike, that is when we see it rise, that is what you are seeing right now. melissa: what do you think about that? it spreads further and further out, you risk down the road somewhere. >> they fee

we have a huge lineup including ko coca-cola's ceo and robert shiller and nhl commissioner gary bettmananley cup playoffs and we'll also be paying a visit to the squawk set. also two more heavy weights about to check into earnings central this morning. coca-cola getting ready to turn in its first quarter results. that's going to happen right before

we heard professor robert shiller talk several times, he thought the momentum was d dispating.what old parts like me paid, up 14%, 15%, it doesn't matter. the rate of change hasn't been devastating. yes, rates have moved up. the point is, things like affordability, demonstrate, and jobs, it isn't just about financing. by the way, that's the third wheel on this, the third leg of the stool, so to speak. it's hard to obtain financing. interest rates haven't been the issue. now, let's look at interest rates in the context of what everybody's been talking about. the six-day, maybe not seven-run of the equity indices and realize there's only one out of the three indexes, the s&p, that's up on the year. the nasdaq's down. the dow's down. the s&p is currently sits at 1.5%. now, if we look at the 14 through today, you can see we've had the up sessions. the point is, we are up now 47 points, almost 50 points in the s&p. what has the five year done in that interim period? it's gone from basically 1.61 to 1.68, so up seven basis points. what's interesting is it stopped at 1.73, which is ba