schiller is with the board of directors of baseball.oming up, i will speak with an artist that has no trouble to such brands as linked in, red bull, and perrier. he is helping other artists sell out as well. you will find out why. >> calling someone a cell is usually not a compliment. they're coming together for an event that is called sellout and joining me now is steve wasterval, the creator of worstofall designed. tell people, what is this event? what is going on here with brands and artists? >> well, sellout is an event that is ongoing, it is putting together emerging artists with brands. >> in what way? it is one thing to say, antiwar hall made brands they miss with a campbells sued can't but what is going on here? >> we are branding company. i am also an artist. some of the artists inspired by this. they want to go involved. >> do you remember the absolut vodka campaigns that feature the artist's the absolut vodka bottle? does it go in that same kind of thread? >> it is mutually beneficial for artists and brands that has they're a

schiller is with the board of directors of baseball.g up, i will speak with an artist that has no trouble selling out to such brands as linked in, red bull, and perrier. he is helping other artists sell out as well. you will find out why. ♪ >> calling someone a cell is usually not a compliment. they're coming together for an event that is called sellout and joining me now is steve wasterval, the creator of worstofall designed. tell people, what is this event? what is going on here with brands and artists? >> well, sellout is an event that is ongoing, it is putting together emerging artists with brands. >> in what way? it is one thing to say, antiwar hall made brands they miss with a campbells sued can't but what is going on here? >> we are branding company. i am also an artist. some of the artists inspired by this. they want to go involved. >> do you remember the absolut vodka campaigns that feature the artist's the absolut vodka bottle? does it go in that same kind of thread? >> it is mutually beneficial for artists and brands that has

also well received, the headlines from the latest housing numbers in the async a -- in the schiller index. they had their biggest -- home prices had the biggest gain in eight years. we have us that we have with us jeffrey levine. thank you for being here. on the s&p case shiller beults, people should feeling positive about the residence -- the value of the residence. >> people should be feeling positive about the value of the real estate. because there is so little inventory relative to the amount of demand, prices are continuing to escalate. you think america will turn into a nation that is equally suited to rented the -- renting as to owning? >> i think that there'll always be a place for the renter in the american economy. said, we continue to incentivize purchasing by allowing people to deduct on their mortgages. there has been a lot of effort in recent years to keep mortgage rates low and i think we are fundamentally a nation of homebuyers. >> what innate -- what about a nation of homebuilders? what about building multi-family housing? works i am a big fan of all thai family rental h

i'll be joined by robert raich, bowl schiller and personal finance expert suzy orman. that will be right here on al jazeera america. i'm ali velshi, thanks for joining us. are. >> hi, i'm lisa fletcher and you're in the stream. our digital producer, wajahat ali is here, bringing you all the comments from social media. waj, no idea folks from myanmar make up one of

when compared to a year ago that was the biggest leap in almost 8 years-- according to a new case- schiller report. data from the u-s census bureau show new-home sales dropped by 7% in december. some economists are argue the extremely cold winter is effecting sales. ford calls it one of the best years yet. in earnings news...ford tells investors it's results are exceeding expectations, and it will share the wealth with workers, sending out checks averaging 88 hundred dollars. comcast reported in higher revenues and says it will raise its dividend as it adds more customers. shares rose 1% yesterday. the "new" american airlines group debuted its first earnings report. results of the world's largest airline were stronger than expected on a combined basis. and, pfizer's profit dropped dramatically as generic competition presents new challenges for the drug maker. the stock opens today up two and a half percent. samsung gains more ground against apple. total smartphone sales hit a record 1 billion last year and that is an overall rise of 40%. samsung widened its lead by shipping nearly 319 milli

prices of single family homes rose in october, the s&p case schiller index of 20 metro areas gained 13.6% year over year. on a monthly basis, prices rose less than expected, just a fraction of a percent over the strong september gain. this suggests higher mortgage rates have slowed home sales. >>> also slowing, business activity this month in the manufacturing heavy midwest. the closely watched chicago purchasing managers index fell to 63 in november. that still indicates some growth, but the new order segment plunged. but in the same time frame, consumer confident rose. this is after two months of pessimism triggered by the government shutdown. the conference board's consumer confidence index notched up sick points. >>> that shutdown didn't stop new laws from getting passed. at the stroke of midnight, just like every new year, many of them will go into effect. and in 2014, many of those laws, state and federal, will have a major effect on low wage workers and on the individuals and businesses which employ them. jane wells explains. ♪ >> reporter: new year, new laws. [ chanting ] >> repor

had to come to the full interview with andrea schiller co-author of that report which accuses british forces of abuse and torture and if you get a lot of other stories there as well as the radiation japan stricken fukushima nuclear plant saying i was hit record levels if you so much you can later smell as you suggest the worst leak in one reactor well going straight into the ocean big mess there also and this is making headlines right now when u.k. politicians express among likely views about why storms and floods have been battering britain of late he says the legalization of gay marriage is what's affecting the weather system according to me standing by its comments as well you may have a mind of course are to be done. with the sochi winter olympics now just a few weeks away presently putin spoke to foreign and russian members of the media earlier he was keen to dispel concerns about security as well as to discuss some of the challenges of hosting the event. of oliver spoke to r.t. and to farmers in this year's olympic village about what exactly the president had to say that. these

at 9:30, the schiller index. earnings all morning. ford right now. at&t,, comcast, yahoo!rse, the state of the union. >> it is a pretty nice report. north america holding up. europe with a negative handle. the north american pretax profit, $1.7 billion -- a sense of the scale. operating margin in north america is 7.6%. automotive revenue is also topping estimates. like caterpillar and others, not a quiet amount. pfizer with a nice earnings beat as well. >> 16.10 is the latest trade for ford. >we may be on the verge of a big deal in the cable television business. this is all according to people familiar with the matter. time warner cable has rejected the charter proposal, calling it grossly inadequate. shareholders are demanding that charter boost its offer. exporter become a net of cars from the united states. the first japanese automaker to build cars here. the honda accord is the most built passenger car in the united states. rose.ife shares tim remy has criticized bill ackman of being at pyramid herbalife being a pyramid scheme. >> i would expect to hear from carl icahn

talk to dot com for the full interview with andrea schiller co-author of the report which accuses british forces of abuse and torture and taken of course in the stories were there as well like these the radiation of japan's stricken fukushima nuclear plant has hit record levels apparently the latest measurements suggest the worst leak in one reactor wells going straight into the ocean. also the u.k. politician who says he knows what storms and floods have battering the country he says is god retribution for legalizing gay marriage according to him read more about that online. where the sochi winter olympics are just a few weeks away president ridhima putin spoke to foreign and russian members of the media he was keen to dispel concerns about security as well as to discuss some of the challenges of hosting the event. of oliver earlier spoke to andrew farmer who's in issues olympic city these games the most expensive in the limpid history and five times the original price tag for mr putin did stress that over the last five years so cheap was the biggest building site in the world all the ve

that international courts have to step in we've had to watch it all come for full interview with schiller co-author of that report which accuses british forces of abuse and torture played by the stories there as well of course you might want to check the radiation stricken fukushima nuclear plant now is a record levels to be more bad news after more bad news there the latest reading suggests the worst leak in one reactor well is going straight into the ocean. and one u.k. politicians making big waves right now is express likely views on why storms and floods have been battering britain of late he says it's all to do with the legalization of gay marriage that's what's affecting the weather system according to him. one time a bay detention camp finally allowed a visit by russian officials after more than ten years of diplomatic negotiations the delegation from moscow visited the last russian citizen being held and they were told his case will be reviewed by the u.s. military in the very near future remember one day is reporting now from washington with more about that. visit securing the re

everyone wants to speak to bob schiller. you have been coming here for many years. have not seen you without a microphone stuck in front of you. how exhausting is it being a newly minted nobel prize winner? >> it came as a shock. i was already overcommitted. ittop of everything else -- is like suddenly i am so visible. people stop me on the street. it is fun, though. i recommend it. >> one of the things that we see in davos is the society here. the affluent, elite society. most of them have not read your finance. you have thought a lot about any quality. you have thought about how capitalism brings us to good society. does davos get passing grades? >> as the years go by, i find myself more admiring of davos. the business community is not always idealistic. the people here are on the idealistic, socially conscious side of business. that is the future, i think. we need people like this. >> how do you respond to conservatives in america and other nations who suggest the uncertainty that leads to a lack of investment and jobs, to a poor society, is due to government med

one man who knows a thing or two about the nfl hall of fame, harvey schiller, the president of the internationall of fame. he spoke to pimm fox about three manager inductees. >> all three are well known in the baseball system by everyone. they are all people players love, i think. that is one of the messages that has come through on these people. they're the kind of people people want to play for. that is the exciting part. >> same thing for bobby cox area >> bobby cox, baseball managers, like players, move around a lot. >> let's talk about greg maddux. >> you think about someone, the two pitchers that have been brought in in terms of their unbelievable records, and everyone talked about them getting voted in the first time. i know the players do not know until a phone call comes. in each case, they have had sterling records in terms of starting pitchers and they travel around as well but both of them had a home in atlanta. >> the potential inductees, are ey told the phone will ring between a certain hour and they ought to be home? >> you ought to be talking to someone like jane who makes the ca

they brought in all the campaign, and it was a divide in both, but uptown reelected schiller. i stand by, and that people in chicago do not get it, but they want independence. that leads me to this point. i still can't quite get my mind around the realization that the people of the city of chicago not only elected mayor five times, but i ask more questions than i answer smghts i usually ask my fellow citizens, who did you vote for? everybody i meet, i ask, who did you vote for? based on the results, i've come to the conclusion that rahm did not win at all. [laughter] the real winner was miguel. [applause] what it is, i think, people of chicago didn't realize who they were voting for or they did not vote, just as bad. so they elected this man whoa is a little to the right of mitt romney. so now what is next? this is a question that is always raced, will be raised in this very room when the program is over. who is going to run? my response is we have to stop looking at the washington model because that presumes a great leader steps forth to lead us out of the promised lain. ther

and bob schiller has been hugely influential to everyone on wall street.nobel prize for economics. i don't see how he doesn't fit on this list even though he's from academia and not a business leader, per se. >> you don't think rock stars have any business on this list. >> rock stars, ail guards and shakes. as far as the leaders and rebels like that. i think jobs and bezos. they're not two men that define business as we know it in the last 20 years, like those guys. >> i thought robert evans. youngest studio head of any studio, paramount pictures, of course, brought out "godfather," "china town," "love story." that guy defines rebels and icons. by the way, fabulous book, "the kid stays in the picture." if you want to read something fabulous about hollywood, that's it. >> 1987, aig created financial products. and they printed money for a long time. the group collectively, joe cassano, should be on this list. say what you want. they changed the way finance was done, for better for a while. and obviously, for a lot worse. >> we should know -- first, check out

robert schiller said last year the housing market was not a great investment.hat too dramatic? >> i think it was overly dramatic. he talked buying a house comparing to buying a car which i thought was interesting met at that pour. melissa: it comes closer to the truth though. it overdoes it but car is deappreciating asset. everyone always thought a house was definitely an appreciating asset. i think his point was you don't buy a house as investment any longer. it has to make sense as a place to live and look at monthly cost versus renting. is that still true? >> yeah. melissa: because people are out there buying houses again to make money. >> two answers for you. one, if you're looking for a place to raise your family, don't look as a house as investment. it is really not. it's a place to live. we got into trouble when people started looking at a house not to place to park their car. melissa: as the stock market. >> a place to park their money. people got in over their head. there are investors in the market today and they will profit on properties. doing it tw

labor secretary robert reich, bob schiller, teamster union president james hoffa and personal finance expert suze orman, we are trying to find solutions. >> wow that is big. can't wait for tonight's show, 7:00 p.m. eastern here on al jazeera america. >>> president obama says he may be open to an immigration bill that does not include a path to citizenship for the estimate 11 million people in the u.s. illegally. he made the comments in an interview with cnn. >> if the speaker proposes something that says right away folks aren't being deported, families aren't being separated and we are able to track top young students to provide the skills or start businesses here and then there's a regular process of citizenship, i'm not sure how wide the divide ends up being. >> well, the comments come on the heels of house republican leaders release their immigration principles. they include allowing adults living in the u.s. illegally to get legal status after paying back taxes and fines. >>> montana's glacier national park is losing its glaciers. up next, the team from tech-know looks at the chan

the s&p kay schiller home price index down a tenth of a percent overall in november from the month beforey area did rebound up slightly in november by four- tenths of a percent after a drop in october. bay area also up 23.2% on the year second biggest gain only to las vegas. the overall 20-city index was up 13.7% year-over-year. >>> wall street trying to snap a nasty losing skid. outside tech things are looking good. let's check the big board. the dow is up by 80. nasdaq just turned positive up by one despite apple. s&p up by 7 points. back to you. >> thank you. tough couple of days. thank you. >>> let's check the roads with liza. >> good morning, everybody. we are starting off "kcbs traffic" with this ace train delay taking them a while to clear up this delay on ace train number 3 running about 9 minutes late. fortunately we haven't had any major problems this morning with the bart system. they are running on time. no delays either for the ferries or caltrain. as we move on and check on the bay bridge commute, you're going to be sitting in backups unfortunately this morning it's slow fro

that's why they are so cheap compared to the united states. ,f you look at the schiller p/e it is 25.you can find developed core european-based markets of 15-17 whether you talk about the u.k. or germany or france. if you are more adventuresome and want to go into the peripheral countries, you can find them at nine and 10. because of the fact that we have a modest level of growth in europe now after 18 months of recession, still high unemployment levels, still concerns about how this will all work out in terms of the aftermath of the financial crisis and the upcoming stress tests in europe, that is they can to valuations. it does not take much of a change in earnings profile for european-based companies to show share price appreciation but also european taste equities and get the multiple expansion. i think the markets are poised to do better than the u.s. in 2014. >> thank you so much. up, wisconsin republican senator ron johnson will join me to talk about obamacare and why he filed a lawsuit over the health care law yesterday. we will take you inside the consumer electronic show her

forecast in short of and we got the case schiller home price index. home prices in the top 20 u.s.e most in eight years. are due outumbers at 10 a.m. and this is day one of amber naked bath last two-day meeting at they had of the fmo say. -- fmo see. -- fmoc. >> these are the only trades you need to know about today. dupont, it beat fourth-quarter earnings and announced a five to the dollar stock i've back. for this year is not as strong as analysts estimated by the strong dollar is expected to increase the dolls your test the dollar exchange. ariad. nine is >> number eight is texas industries. martin marietta has offered to buy the company at $2.7 billion and it will give them a stronger foothold in texas and california. >> number seven d isr horton. the first quarter trumpets rose 87% per the company had targeted more move up fires you can pay higher prices which has helped counter signs of a slowdown in the housing recovery. >> number six is pfizer. it reported a 59% drop in fourth-quarter profits. the results came in above analyst estimates. pfizer has been grappling with paten

. >> we will have bob schiller and richard thaler join the conversation.ist at bloomberg government. richardson is an economist at bloomberg government. >> when we come back, it is only rock 'n roll, but do we still like it? we will have highlights of last night's grammy awards. we will find out if these shows actually help sell music. stay with us. ♪ >> welcome back. a french duo disguised as robots were the big winners in last night's grammys. to come five awards, including record of the year. we are joined by the editor of the lord magazine. when i first heard "get lucky" i said this was going to happen. surprise for you? >> i would say the album of the year grammy was a surprise. record of the year, daft punk gets that for the recording. >> what is the difference between the two? >> album of the year is all of the songs. song of the year is a songwriters award. that one went to lorde, the 17- year-old sensation out of new zealand. the recording itself, that went to the daft punk track, "get lucky." when you look at the hot 100, who is actually looking

s&p and schiller at the bottom of your screen and we'll discuss it with robert shiller later on in thew. futures did suggest we get a breather from the recent selloff but durable goods were weak and took wind out of the sails and the ten-year note 2.75% and most of europe is hanging to some green arrows. apple disappoints and revenue guidance is short of expectation. meantime, the overall market set for a missed open after a big mix on durable goods orders and another big driver of today's market is earnings, ford, comcast, pfizer some of the names making moves in trading and we'll break them down. first up, we'll talk about apple and shares taking hits after better-than-expected quarterly profits they sold a record 51 million iphones in the quarter but below expectations, the current quarter guidance short of consensus and an hour from now we'll get information from john scully who will join us at post nine. we said how easy it would be to set a new record which they did on phones, but no one expected phones to come in quite this low. >> no. i think there's a big schism developing, th

robert schiller will join us as well. of course, the new minted nobel laureate.to bob shiller about finance in a good society. shiller has done a lot of thinking on inequality. but rip up the script, front and center in the last 12 hours, 18 hours, everyone in davos glued to their blackberry ofs and i fopes or argentine a. we saw significant devaluation yesterday for the deeply troubled nation. it's a story of domestic politics, and we'll touch on that through the entire "bloomberg surveillance" this morning. >> i to say, it's going hand in hand with significant turbulence elsewhere, turkey, going to go look at the story developing there. south africa, what is happening in the emerging markets, i don't know how much you can pin on paper, but a significant story there. >> we've had the same issue last year, where news events overcame the meetings of the world economic forum, but this year there's a real cacophony to it. things are not as correlateed as or attached as they were a year ago, but i would say this morning what everyone is talking about in the congress

lawrence schiller who took photographs of marilyn during "something's got to give," in the magazine hend adds, "he even confided in me that at one point he'd had an affair with marylin." shaw, who died in 1999, may be best known for snapping this shot of marilyn over a subway during the filming of "the seven year itch." >> the subway, it's amazing. >> reporter: the marilyn millions prefer to remember is showcased in the lost scrapbook where she remains disarmingly clever, effortlessly sexy and endlessly mesmerizing. >>> for "good morning america," chris connelly, abc news, los angeles. >>> and "newsweek" special issue "marilyn monroe's lost scrapbook" is on sale in walmart and barnes & noble and on newsstands nationwide tuesday, january 14th. we'll be right back with gabrielle union. ♪ when you're ready ♪ when you're ready >>> we are back with the beautiful and lovely gabrielle union. she's here as part of "gma's" sexiest star secrets where we're asking hollywood's hottest stars to reveal how they look their best. and the new year is already off to a fantastic start for gabrielle. she

>> that's true too, but valuations are very stretched by the schiller and other measurements. we think, for example, the next 10% move will be downward. the market has been very strong for a long time and the cycle is ready to top and turn down. >> is that happening now, david? is that your call then that this is the beginning of a 10% move lower? >> yeah. we think there's at least 50% chance that this is the very first little tiny part of what will become a sustained down trend. it's possible there might be another spike to a short new high, but we think it's going to be a tough market this year in stocks. >> we're having a tough market year right now. look at that. now the nasdaq is down 1.5%. the dow at the lows of the session down 170. if we move 10% lower, quincy are you going to buy that dip? >> i think as long as the credit markets are holding up and telling us that the underpinnings of this economy and there's no panic, you're going to see buyers come in and they're going to come in and they're going to be stock specific this year but they will be coming in. >> anthony

s&p and schiller at the bottom of your screen and we'll discuss it with robert shiller later on in the from the recent selloff but durable goods were weak and took wind out of the sails and

>> guest: sprite was a dog that we own, my family and i, schiller dog -- oh gosh, how many years ago? it is 2004 there about. we adopted and brought him into the home, sort of a blond white dog. so the family called him sprite because we had a dog that was black and white and called him pepsi so we had pepsi and sprite like the drinks. we only had him two years and he was a wonderful dog, wonderful companion to our dog pepsi, wonderful dog to us. i have a huge heart for dogs, for animals generally but dog in particular, and about a year in he got sick, part of his skull sort of caved in and a tumor, and it was very sad at the end, we had to put him in down. we had never put down of a dog before. it was extremely emotional and very upsetting and i got very down about it for a period of months. what is interesting about that to people, i don't know, is i had in an early discussion with simon and schuster about writing a book on conservatism, became liberty and tyranny and sold 1.3 million copies, sprite passed away and i told them i wasn't interested in writing anything. and then becaus