. >>> new treasury secretary jack lew weighs in on the markets and the american economy. his interview just ahead. >>> and the tsa under fire. the growing backlash over knives on planes. what every traveler needs to know. good evening, everyone, and welcome to our public television viewers. suzy, the market beat goes on and on. >> it's like the energizer bunny. it just keeps going and going. the dow marches on higher for the tenth day in a row, the first time since 1997 -- 1996. it ended at 14,539. the nasdaq added 14 and the broader s&p 500 gained almost 9 points, and it's now just 2 points away from its own record high close. >>> there is some concern that the rise in the markets may have been too high too fast. and this could be the start of a market bubble. but newly installed treasury secretary jack lew tells steve liesman not so. >> the analysis i've seen doesn't give me reason to be worried right now. >> we'll have more of steve's interview with the treasury secretary in just a few minutes. >>> as the dow hits unprecedenteded heights and the s&p 500 nears its own p

more from treasury secretary jack lew. peter? >> that's right, david. these budget negotiations will have an impact one way or the other, good or bad, on america's aaa credit rating, which, standard & poor's cut two years ago because of all these budget dysfunction. so i asked him if we will get it back? take a listen. >> i'm not going to comment on what ratings agencies might or might not do. >> why? >> what we have to focus on whether the economic challenges we face and why. we need to do a number of things. we need to take steps to have an economy where we're investing and creating jobs and improving the future for american workers. the truth of the matter is we know that we need to do entitlement reform and tax reform. we need it for competitiveness and we need to do it on bipartisan basis. time to do it and time to unleash the investment that i think will follow from a certainty that we have dealt with the challenge, that everyone knows we need to address. >> last question, play economist for me if you don't mind for one moment. the administration

first, steve liesman going one on one with new treasury secretary jack lew.hat's ahead, 4:15 eastern time. and former fdic chairman shelia bair will react to the federal reserve's decision on whether to improve the plans by the big banks to raise dividends, buy back stock, we're going to get the capital plans, coming up. you're watching the "closing bell" on cnbc. >> buckle up! >> buckle up, bill! [ male announcer ] the lexus command performance sales event has begun. ♪ featuring the powerful gs. ♪ just when you thought you had experienced performance a new ride comes along and changes everything. ♪ get great values on your favorite lexus models during the command performance sales event. this is the pursuit of perfection. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ and his new boss told him two thi

. >>> treasury secretary jack lew visited a siemens plant highlighting the importance of infrastructure and manufacturing and creating new jobs. steve liesman spoke with lew about his role at treasury, the budget negotiations in washington and the challenges the u.s. economy still faces. >> reporter: treasury secretary jack lew in some of his comments in the new position, talking about the value of the dollar, the budget deficit and the economy. i began my interview with him by asking whether or not equities which have seen new highs are in what he would consider to be a bubble. >> the analysis i've seen doesn't give me reason to be worried right now. i think one of the lessons we learned from 2008/2009 is that even when things are not a problem, we always have to ask those questions. we need to make sure that we have the transparency to see what's going on. in firms and markets. we need to have the regulatory tools to deal with problems as they develop. that doesn't mean we should jump in when we don't see a problem. >> every treasury secretary serves at the pleasure of the president.

treasury secretary jack lew on a critical mission to china.ay he met with china's new president to talk cybersecurity and more. peter barnes in washington with details. hey, peter. >> tracy, that's right. cybersecurity is at the top of the agenda the new treasury secretary around the new president of china. just last month the private security firm mandy apt, tied the chinese military to cyber attacks on more than 140 u.s. companies. analysts describe the meetings in beijing as a get acquainted session that will set the table for future negotiations on this and other issues. a treasury official saying quote, it was a warm and wide-ranging discussion but secretary lou was candid and direct in his comments! experts say china risks a backlash if it doesn't stop hacking.% >> it is the american business community is killed by cyber espionage from china. they're the ones that are supposed to be the voices of reason. you take the business community support away from the bilateral relationship you have a lot more possibility for problems. >> china has

new treasury secretary, jack lew, >>> welcome back. new treasury secretary, jack lew, headed to china next week for key meetings. but before that, he sat down with our own steve liesman. steve just wrapped up that interview and joins us now live from just outside atlanta. steve, over to you. >> maria, i began by asking jack lew whether or not equities were in a bubble. >> i think as treasury secretary, my practice will be the same as my predecessor's, not to comment on markets. i think there are things going on right now that, you know, just as a matter of a policy environment, are interesting. you know, towards the end of the year, there was a sense of imminent crisis. we're a little bit beyond imminent crisis. there seems to be -- we still have a lot of work to do, but there doesn't seem to be any push to create a crisis over the debt limit or over shutting down the government. i think that's helpful. we've had economic data come out for quite a while now, showing that we have a resilient economy, that's growing and we'd like it to gr

. >>> new treasury secretary jack lew weighs in on the markets and the american economy.is interview just ahead. >>> and the tsa under fire. the growing backlash over knives on planes. what every traveler needs to know. good evening, everyone, and welcome to our public television viewers. suzy, the market beat goes on and on. >> it's like the energizer bunny. it just keeps going and going. the dow marches on higher for the tenth day in a row, the first time since 1997 -- 1996. it ended at 14,539. the nasdaq added 14 and the broader s&p 500 gained almost 9 points, and it's now just 2 points away from its own record high close. >>> there is some concern that the rise in the markets may have been too high too fast. and this could be the start of a market bubble. but newly installed treasury secretary jack lew tells steve liesman not so. >> the analysis i've seen doesn't give me reason to be worried right now. >> we'll have more of steve's interview with the treasury secretary in just a few minutes. >>> as the dow hits unprecedenteded heights and the s&p 500 nears its own pea

connell: treasury secretary jack lew meeting with the chinese.n the agenda, some of the growing concerns we have. dagen: not confident they will recover comfortably. americans are not stocking away enough money. take a look at how oil prices are doing today. almost $94 a barrel. still stubbornly high. ♪ investor. yeah, i'm a serious investor but i'm a busy guy. it used to be easier but now there are more choices than ever. i want to know exactly what i am investing in. i want to know exactly how much i'm paying. i want to use the same stuff the big guys use. find out why nine out of ten large professional investors choose ishares f for their etf. ishares by blackrock. call 1-800-ishares for a prospectus which inclus investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ (train horn) vo: wherever our tras go, the economy comes to life. norfolk southern. one line, infinite possibilities. dagen: we love charles payne. he is coming up. right now it is stocks now

the treasury secretary jack lew was in china. one of the discussions he's having over there, china is behind some of this. >> china is a rogue nation on this stuff. >> what's that? >> china is a rogue nation. >> they're also a big emerging economy and they have a stake in not having this. >> they're operating by robber barron rules. >> there's room for agreement between the u.s. and china. >> jack lew's obama's treasury secretary just completed a two- day china trip in which he warned the chinese about cyber attacks. china's new premier listened but refused to acknowledge the chinese government's role in rehearsing cyber sabotage. >> john, this is where you have to retaliate. we go over there and plead with these guys. they're operating by robber barron rules. they manipulate their currency, they do all kinds of rogue state things in commerce. you have to hit them with some sanctions. >> right. and to reinforce what you said, given that the new president has endorsed china's goal of military supremacy over the united states, it i

treasury secretary jack lew to say the japanese are not aiming to weaken the yen. >> translator: i explainedhat we're not engaged in a currency war. that our main goal is to get out of our deflationary slump. i made it clear that the yen's depreciation is just a by-product. >> aso said he and lew also discussed the global economy. he said they agreed to work closely together to ensure stable growth. >>> people in northeastern japan have spent nearly two years trying to get back on their feet. next monday marks the second anniversary of the earthquake, tsunami and nuclear disaster. or nuclear accident. the march 11th disaster left nearly 19,000 people dead or missing. survivors have been moving forward on a path to recovery. almost all of the 120,000 companies in areas devastated by the tsunami were small and medium-sized firms. many were already feeling the weight of their loans after a long economic slump. and they had to decide whether to take on additional debt to restart operations. government officials say only 2/3 of those companies are back in business. people in the city of kesennuma

i am curious your conversations with the new treasury secretary jack lew. do you have any indications from him as to take this new post what he's thinking of the likelihood of tax reform? i am curious his thoughts on the way multinational companies should pay taxes. should we keep our worldwide system? what are you hearing from the administration on this? >> it is just beginning. he has spelled out exactly where they're coming from. people may shut down their televisions for a second if they hear too much. it is an important issue. what do you do about profits of corporations doing business overseas. today we tax them but we differ the taxation. now to say if you go over territorial system if you will not tax them at all or very little, the problem is that it might encourage corporations to move their operations overseas. all these proposals for a territorial system, tried to have some provisions to discourage companies from moving overseas. it is a good example of balance. there is no one role won worldwide. need to encourage companies to do business in th

treasury secretary jack lew hitting the ground running in his new role, touring a siemens factory in y lew will be making his first international trip next week with a visit to china where he'll meet with the nation's new leadership and senior economic officials. stay tuned to "after the bell" today when our own peter barnes has a one-on-one interview with the treasury secretary. and samsung is set to unveil its newest smartphone, the galaxy s4. the device is widely expected to feature a 13 megapixel camera, and some analysts predict it could top ten million unit sales in the first month after its lawn after alone. that's the latest from the fox business network, giving you the power to prosper. ashley: u.s. natural gas futures hitting a three and a half month high after government data showed inventories fell more than expected last week, so futures are up more than 10% so far this year. so can this rally keep going? kevin book, managing director of resource at clear view energy partners. kevin, thanks for being here. are we going to see these prices continue to climb? what do you th

. >>> new treasury secretary jack lew weighs in on the markets and the american economy. and the tsa under fire. the growing backlash over knives on planes. what every traveler needs to know. good evening, everyone, and welcome to our public television viewers. suzy, the market beat goes on and on. >> it's like the energizer bunny. it just keeps going and going. the dow marches on higher for the tenth day in a row, the first time since 1997 -- 1996. it ended at 14,539. the nasdaq added 14 and the broader s&p 500 gained almost 9 points, and it's now just 2 points away from its own record high close. >>> there is some concern that the rise in the markets may have been too high too fast. and this could be the start of a market bubble. but newly installed treasury secretary jack lew tells steve liesman not so. >> the analysis i've seen doesn't give me reason to be worried right now. >> we'll have more of steve's interview with the treasury secretary in just a few minutes. >>> as the dow hits unprecedenteded heights and the s&p 500 nears its own peak tantalizingly close to it,

what about treasury secretary jack lew's trip to china? what do you expect will come out of that? what are you watching for as a trader? > > it is a nice visit, but i think that is very basic what is, an introduction visit, and i don't think there is anything whatsoever that is going to come out of it. as a matter of fact, the chinese, the pboc has actually lowered the reference rate for the rmb, or yuan. that is mainly due to the fact that the yuan has depreciated verses the dollar over 20% since several months ago. so that basically makes china's exports a little less competitive. so i think that is the driving force behind what they're doing, but it is probably counter to what mr. lew wants them to do. so, to answer your question, i don't think his visit is anything more than a cordial hello, but it will have zero effect on any policy changes now. > thanks for those insights. that is tim mulholland of china america capital. stick around for tomorrow's show. it's a movies and money day with our critic talking about the wild success of "oz, the great and powerful," and what it me

meantime, coming up next, does treasury secretary jack lew think a stronger dollar is what is best for america? we have details from steve le e liesman's interview. >>> and trader bk. much more "fast" straight ahead. [ male announcer ] with citibank it's easy for jay to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier banking. standard at citibank. makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. easier banking. standard at citibank. >>> welcome back to >>> welcome back to "fast money." the s&p 500 may be just two points away from its record closing high, but one trader says this rally may be derailed. let's good to bk. no surprise, bk, you're the bear on this thing. >> it's at the cleaners, being dusted off i'm not quite ready to be sharp short in this market. here is my working hypothesis. we're at the end of a speculative phase here. a speculative phase in markets tend to get disconnected from fundamentals. and if you look at -- i look at pmi.

treasury secretary jack lew meanwhile says he doesn't think the markets are in a bubble right now, and that the economy is recovering. >> we still have a lot of work to do. but there doesn't seem to be any push to create a crisis over the debt limit or over shutting down the government. i think that's helpful. we've had economic data come out for quite a while now showing that we have a resilient economy that is growing. >> retail sales were growing. they came in better than expected for the month of february, rising 1.1%, the best numbers since september. analysts were concerned about the impact of gasoline prices and the increase in the payroll tax for us, but consumers are still spending money. important because that makes up about 70% of america's economic growth. and if you're looking for something new to buy, samsung will be happy to oblige. introducing its new galaxy 4 smartphone this week. the phone features a five-inch screen, a larger battery and a screen you don't have to touch, but just hover your fingers over. samsung is apple's main competition in the smartphone market. >

treasury secretary jack lew is quickly moving into his new position. he's scheduled to meet with china's new leaderhip in bejing next week. while there, he plans to fight the weak chinese yuan, which hurts american manufacturers. yesterday, in his first trip since taking office, lew traveled to a siemens manufacturing plant in georgia, where he talked about the importance of innovation and job creation to strengthen the middle class. "when we talk about advanced manufacturing jobs in america, there is a bright future. there is truly the possibility of an american manufacturing renissance. we have some responsibility in terms of infrastructure but also in terms of reforming our tax code." lew also talked about reducing the deficit in a balanced way while meeting with local business leaders in atlanta. after only two days on the job, pope francis is proving to be a "pope of the people." the pontiff performed his first mass inside the sistine chapel yesterday, with an off-the-cuff homily about the need for compassion - that's after giving up his limo to t

we'll also hear from treasury secretary jack lew in his first on the job interview. and samsung expected to unveil its new galaxy 4 phone. that is all tomorrow. >>> well, spring officially begins one week from today. the heart of the real estate spring selling season and a chance for many of us to plan some home repairs and lawn cleanups. the nation's largest do-it-yourself chain, home depot, is getting ready too. brian sullivan takes us to the company's annual new product walk in las vegas to show us what companies are banking on this spring. >> the home improvement business is massive, with some estimates of how much consumers spent on their homes last year peaking as high as $300 billion. after years of sluggish growth, thanks in large part to a major housing downturn, that figure looks poised to go even higher. home improvement spending will increase by another 4% this year and an industry group projects spending will balloon to $345 billion over the next five. so what is driving all that growth? >> housing we think is getting better. you can see it in terms of h

sanders as a bill would give secretary treasury secretary jack lew ninety days to come up with a list of banks and insurance companies that he sees as too big to fail and within a year those institutions would have to break into smaller pieces for more on this i'm joined by our t.v. producer bob hi there bob hello so is this a sign that too big to fail may be on its way out on the way out i think too big to fail is just getting started more properly probably in the seventh inning stretch here what sanders is trying to do is notable and perhaps a bit commendable he's a guy that got the mini audit of the federal reserve a couple years ago along with ron paul but like you said what he's trying to do here is within ninety days designate some of these institutions as too big to fail well dodd frank already tried to do that and we're going on three years and we still haven't compiled the list thanks to you have to see in the federal reserve and some other agencies so the big banks are still getting a pass right now yeah well one senator in addition to mr sanders there that that has taken no

jack lew is treasury secretary although that's potentially seen as lip service. the dollar/yen, given up 0.1%. the euro is a little firmer on the day. given that we've seen the yen improving a little bit, what impact does that have for us? hi, sixuan. >> thank you, kelly. asian markets lost a bit of momentum in the afternoon session to end the week on a mixed note. samsung electronics, the technology giant finally took the wraps off a much anticipated galaxy s4, but might have failed to impress markets especially after weeks of speculation over its new features. investors took profit on that stock tumbling 2.6% today. the nikkei, however, managed to close above the 12,500 level while many expect the boj now with deflation governor kuroda to roll out aggressive guidelines in the next meeting. sonny closed at an 11-month high after a ratings upgrade. the in china, the shanghai composite gave back some of its early gains over 1% ending higher by a modest 0.4% after no fresh policy catalyst to lift sentiment. banking shares outperformed on bargain hunting and boosted

we just learned a few minutes ago that treasury secretary jack lew is going to travel to china and meet with the new chinese economic leader as well as the political leadership over there that was just appointed. it's interesting whether it's a sign on whether the secretary wants to move on some of the issues out there. we have an interview coming up with jack lew. we will be talking to him. whether or not he will move fast on domestic issues becomes very important. he is touring and will be doing a meeting in a few minutes and then we will have a sit down interview and we will bring you that interview around 4:15. >> i know you don't want to give away your questions. are you going to hammer him on china? debt? >> i can't -- >> what are you reaching for a water mark? >> i got a whole page full of questions and i don't have that much time. i don't know which ones i will ask. there is the value of the dollar, corporate tax reform. send me a note about what i'm supposed to ask. >> i will. steve and the treasury secretary. all right. you heard martha stewart right here on street signs backi

that was treasury secretary jack lew meeting with china's president today discussing ramping up cybersecurity states and stopping the threat. competition is hitting up, though, among the security providers. here's the good twist. we'll talk to the chairman and ceo of palo alto networks, mark mclaughlin, a fox business exclusive interview, and how he is building the next generation of firewalls, which we need. ♪ l stations come over to mission a for a final go. this is for real this time step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siens. answers. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only natnal lets you choose any car in the aisle... and go. you can even take a full-size r above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. adam: i am

first stop for china for treasury secretary jack lew. what exactly will his troop do for the u.s.hip with beijing and will your investments suffer because of it. tracy: as adam mentioned much more on the cyprus money grab. could it happen here in the united states? no surprise, judge andrew napolitano has an opinion and wants to weigh in. first as we do every day this time of day let's look how oil is trading. it is barely budging, $93.56 a barrel. we'll be right back. gotcha ! got you ! you cannot escape the rebel forces ! ahhh. got ya ! gotcha ! got ya. that's all you got, brother ? take that. never having to surrender the things that matter. gotcha. that's powerful. verizon. girl: don't look at me. second girl: your hair's a bit frizzy today. aw! ha ha! you should pick that up. announcer: every day, kids witness bullying. poor you. ha ha! they want to help but don't know how. teach your kids how to be more than a bystander. visit stopbullying.gov. tracy: time to make some money with charles payne. from darling to outcast. has wall street given up too soon on apple? i have not.

. >> also today, treasury secretary jack lew talked about the possibility of finding bipartisan compromise think there is a growing sense that everyone knows where the balance fair deal is. everyone knows we need to get there. they just don't know how to get there. you have to start. >> today, as far as discussions about reinstating some of the white house tours ts in, in the briefing jay carney says there has been discussions about trying to get specific groups in. no decision on that point and no plans to reverse the overall decision to suspend tours for now. >> bret: shannon bream live on the white house lawn. thank you. the dow's run is now in double digits. the industrial average made it ten straight winning days to gain 84 today. closing at another record high. s&p 500 was up 9. the nasdaq finished ahead 14. senate democrats have pushed a new assault weapons ban through committee. chief congressional correspondent mike emanuel tells us tonight the process saw rhetorical shots being fired from both sides. >> the second amendment and the bill o right provide the right of the people to

on "after the bell" -- "countdown to the closing bell" peter barnes sits down with treasury secretary jack lewwill it take to get the u.s. aaa rating back. you don't want to miss peter's interview with the treasury secretary because he is able to glean good information. david: peter asks tough questions and jack lew is thankful to give us his time tomorrow. liz: trip advisor, listen to this, 100 million reviews and opinions and is adding an average of one new posting every single minute. coming up the ceo tells us how this traffic results in ad dollars and profits. david: meanwhile retail numbers looked shockingly good when they were released this morning, when you take out the hike in gasoline the numbers got a little soft. are consumers out shopping more or not? the answer could affect retail stocks in a big way. the answers coming next. ♪ girl vo: i'm pretty conservative. very logical thinker. (laughs) i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. (screams) i'm reallylad that girl stayed at home. vo: expedia helps 30 million trave

know, they didn't get nearly as much money as they thought, now we've got news that treasury secretary jack lewrope in early april, talking to european leaders about the mess. what do you make of that? >> his predecessor, tim geithner, from what i remember late last year when the europeans problem first occurred was going there to sell a bank bailout plan like we did in the u.s., a good bank, bad bank thing where governments somehow buy the bad assets from the bank. people are floating i floating n cypress, and i'm sure jack lew -- >> neil: big depositors get a stake in the new entity just like they did here. how will that pan out? >> easier said than done. when you do it here, you've got guys like the former treasury secretary doing it. tim geithner has been around the block a few times. ben bernanke. you know, the european economic leadership when you get out of germany is very thin, let's say. they don't have -- >> neil: do you think that could happen here? of course, in the '80s and '90s with the s and l fiascoes and scandals, it happened when fdr came in for a brief time. there's precedent

so, for secretary jack lew's first major over seas trip.hina and cyprus on their minds as well, guys. >> i wish i put a bet on what treasury would say because they have said exactly what you would expect them to say. >> you just did this for me. >> got my eye on you, cyprus. got my eye on you. watching you. >> interesting language here. if you just have one second, they say they would like to resolve the situation in a why that is responsible and fair. i think we have to get a little bit more sense of what treasury means by responsible and fair. >> better than being irresponsible. >> coming up next, debate on surgical robot is really heating up. greenberg is going to be here in a moment. >> could jcpenney finally be on to something. the headline that is popping the stock. tell you what it is and debate tell you what it is and debate it, coming up. >>> and the dow is now negative again. it was briefly positive. let's get to street talk right now. the stocks that might be under the radar under all the cyprus news. hewlett-packa hewlett-packar

. >> speaking of that, we know that treasury secretary jack lew is this china this week and a big partenda is addressing these cyber attacks. you have news on the man that chinese group that reportedly has been sitting those u.s. sites recently, including some of the banks. >> yeah, that's right. i have been talking to the folks at mandian. it's the private american consulting firm that put out the ground breaking report in which they named the chinese army unit they suggested was responsible based in shanghai for attacks on american companies. they are telling me they, in fact, are experiencing a denial of service attack themselves. let me give you some details from them about exactly you who they describe this. they say they saw agres sif reconnaissance of their computers after they put out that chinese army support and a sustained ddos, distributed denial of service attack, followed over the past ten days. that's been ongoing. the attack appears to come from china but mandiant is not assigning responsibility to that unit. they say so far they have seen no data breach or damage done

the treasury department is monitoring the situation in cyprus closely and secretary lew, jack lew, whothe new treasury secretary is speaking with his european counterparts. it is important that cyprus and its euro area partners work to resolve the situation in a way that is responsible and fair and insures financial stability. now again, is it fair, erin, to have the government come in, rather than solve its own problems, to have the government come in and to take my personal property, property i have already paid taxes on? >> well, they were going to have to take money from somebody. if they did take it from the bondholders, the government would end up bailing out the banks eventually anyway. so they're trying to get to the end of the game quicker. david: which banks -- >> of course it is never fair. david: which banks are safest and which banks are more at risk as a result of what's going on there, erin? >> well most of the european global banks fortunately have very little exposure to this. socgen has a little bit of exposure to cyprus but it is not very material. i think the bigger

international trade and a call for reduced barriers was on the agenda this week, as treasury secretary jack lewmet with top chinese leaders in beijing. no word yet if surfboards came up. >> sreenivasan: now, our series on broadband and how it's changing our habits, our work, our communities. tonight, we focus on why some cities are opting for even faster access and whether it will make sense for other places to follow suit. new york, boston, silicon valley-- those are the kind of innovation hubs that may come to mind when it comes to high speed internet. but the city home to the country's fastest broadband is nestled below lookout mountain along the tennessee river: chattanooga. >> in 2010, chattanooga became america's first gig city. >> sreenivasan: in 2008, using a bond issue and more than $110 million in federal stimulus funds-- the city's utility began laying 6,000 miles of fiber optic cables. today, with speeds of up to one gigabyte per second, chattanooga's 170,000 residents enjoy broadband that's 200-times faster than the country's average. the network ties together public services like

thanks for your time. >>> want to note that treasury secretary jack lew will make his first officialit a se siemen's facility. catch that conversation at 4:15 p.m. eastern on cnbc. >>> will the s&p cross the all-time closing high level in who better to ask than art cashin. he's after the break. >>> if you think equities are the only things moving higher these days, wait until you hear about the wealth gaps between the millionaires and the merely rich. stick around. >>> the dow is up for a tenth straight session as we stand at the moment. our next guest says we may all be losing perspective amidst the happy hype. ash carbon joins us. why so pessimistic? >> i'm not pessimistic. this is moving toward those new highs without excitement. it is almost a sense of inevitability. they're plodding along in baby steps and that's my my concern. my concern is the level of profit margins. they're an all-time record. american manage the has cleverly found a way to do more with less which is the reap why wall street's a little happier than main street. and the history of profit margins are that they

seriously, we're down here to talk to treasury secretary jack lew on his first official road trip as he's coming to this siemens plant in georgia where they make something called traction drives which are, basically, boxes that help convert electric power to the make them, to help big electric engines run more efficiently and at maximum strength. for example, in car trains, electric car trains. amtrak is a big customer, for example. the treasury secretary coming here to highlight some of the administration's key proposals and policies such as investment in infrastructure, manufacturing and high-skilled jobs and and wages. we'll be sitting down with him in a couple hours after he tours the plant. back to you guys in new york. cheryl: looking forward to it and, of course, thank you to you. catch peter's interview on "after the bell," 4 p.m. eastern time right here on fox business. cheryl: time for your west coast minute. colorado-based level tree communications agrees to pay a fine over service quality. the fcc accused the communications company of poor service to rural areas. level thr

peter barnes is sitting down with newly minted treasury secretary jack lew.elissa: how important is the balanced budget. they offer to get us in ten years. president obama says it is not a top priority. that is coming up next. lori: the dial up about 11 points. let's see what their reaction is. the dollar is slightly stronger, but below that 130 strike against the euro. we are back after this. ♪ [ thunder crashes ] [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protectshem. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. lori: the president set to meet with house republicans and just minutes. americans do not seem too impressed. 44% said president obama and the other said they trust republicans in congress. president obama held an 18 percentage point advantage over congressional republicans. now it is a far more even split. melissa: republicans offering up a budget proposal yesterday. without adding

. >> reporter: treasury secretary jack lew visited beijing earlier this week, imploring china to becomeonsible stakeholder in the global economy, that means stopping its intellectual property theft, its currently manipulation and most recently its sponsorship of the cyber attacks that uma mentioned. >> there'll be lots of problems ahead and a clear-minded, very honest, direct and tough approach is the right way to deal with the chinese government. i think that's the way president clinton and president george w. bush tried to do it. i know president obama has had a tough-minded approach as well. >> reporter: one positive note, published reports this morning say china last month halted its oil shipments to north korea, possibly as punishment for the north korean nuclear test of february 12th. uma? uma: well, that's something at least, james. always good to see you, thank you very much. >> reporter: thank you. jon: a major legal battle over immigration is heading to court. does arizona's governor have the right to block a key provision of president obama's immigration policy? we'll take a

thoroughly hashed over for several weeks, the brainchild of the president and his new treasury secretary jack lew and it's their baby and now the president says it's going to make your life very terrible for the next decade as it goes into effect. >> megyn: and both parties took a risk. they both signed-- welsh the president signed it into law, but the republicans passed it in the house and the democrats in the senate so it passed, but thanks to both parties. both parties thinking that it probably would never stay the law because this had' reach a deal that led to better, smarter spending, not cuts. they're not cuts, it's a decrease to the increase in spending we're going to see. that's what they thought and tried and they failed. they tried again and failed. and republicans produced bills out of the house and those failed to go anywhere. late in the day the democrats said, well, why don't we-- >> no, both sides, it just didn't work out. they couldn't agree when they first struck the deal, and somehow deluded themselves into believing maybe woe'll get along better down the line and that's how it

treasury secretary is visiting china today. jack lew is meeting with china's new leader and lew plans to raise issues, including north korea's nuclear program. you didn't even notice. you don't care that i skipped his name, like you do. >> channeling me. >> learning from you. >> there's certain things. >> no word yet on whether he's going to stop in north korea and dance to michael jackson. >> did you see that? >> yes. i did. >> dennis rodman. >> deadin rodman and king jong iii. i think that might mistake him mad enough. >> do we know what michael jackson song? >> no. i have no idea. ♪ >> thriller? >> we don't know. we don't know if dennis was in drag. we don't know whether they were slow dancing. all this is going to get us in trouble. we've just been blacked out in china. anyway, china's exchange rate controls sigh better spying and president obama leaves tonight for israel. no major policy breakthroughs are expected. this is the president's first visit to the west bank since moving into the white house. i think he was there maybe bef

briefing at 12:30 their weekly lunch, and then this afternoon they will meet with the new treasury secretary, jack lewnoon. and peter was event was canceled? >> yeah, the president was going to welcome the alabama crimson tide football team that has been canceled. >> bill: but they'll set a new date. >> they will reschedule. [♪ theme music ♪] >> bill: hey good morning, friends and neighbors, it is wednesday, march 6th. good morning, good morning, and welcome to the "full court press" here on current tv coming to you live all across this great land of ours from our studio on capitol hill in washington, d.c. it is snow central, at least it's supposed to be this morning, but the storm has turned out to be more of a rain storm than anything else. however, you know we can't handle snow in our nation's capitol, in anticipation the federal government has shut down, the city government has shut down, all schools are closed, the smithsonians are open, but the zoo is closed. and congress is check out today. they will stay home as well. so there you go we just don't know how to handle the snow. only the brave me

morgan will be here to tell you why you should follow jack lew, the new treasury secretary when he exitst out of stocks and you should get rid of the pants from lululemon that are too see-through. >>> good morning. let's get to the road map for the next hour of "squawk on the street." the dow and the s&p 500 hoping to avoid their first three-day losing streak for the year. here in the u.s., day one of the fed meeting kicks off at 2:00 p.m. eastern. >> and happy anniversary apple dividend and it's been one year since apple marked the first time since 1995. will the tech titan actually raise its payout and perhaps gain a few new shareholders in the meantime. lulugedd lulugedd lulugeddon. lululemon recalling the signature yoga pant saying the material is too sheer and there could be a shortage in the price of yoga gear. look out for that stock and its competitors ahead. >> let's get a check on the markets. remember yesterday at this time we were down triple digits and all fears about cyprus and the contagion that may not come. guess what? yesterday briefly we went positive on the dow. housi