trump, shiller has said it as well. >> it is one of the few markets, right, where it's down 40% from the peak. if you buy good properties, they're income producing. you know, household formations starting to pick up. there are a whole lot of things it has going for it. but again, you have to have the right liquidity before you venture into investments like that. and that's why i wouldn't say definitively for every person and every circumstance you need to be looking at housing. you need to have the foundations there first. >> steve, we want to thank you very much for joining us today. it's been a pleasure talking to you. >> my pleasure. >> good to see you. >> by the way, scott and steve, thank you guys for hanging out this week and spending so much time today, too. >> always a good place to be. >> great to have you guys here. >> thanks. >> that's it for us today. by the way, everyone, have a wonderful weekend and make sure jo

the shillor there is robert shiller who we have on this pam. prices are down 33% from their peak in 2006. john king, looking at those housing numbers, we know that the jobs numbers have been looking better for the president in recent months. we know there has been 16 months of job growth. we've got an oil price, gas price thing which some say could derail our recovery. and we have this stubborn, strangely stubborn housing situation. tell me how that plays out for president obama, who was kind of hoping that he's going to get some momentum and go into the campaign saying, hey, things aren't that bad under me. >> ali, when you travel, the psychology of the housing market is fascinating. this was a big part of consumer confidence. this is a consumer-spending driven economy. people thought their home values were going up. they looked around the neighborhood and everybody's home voss were going up. that doesn't exist anymore. most states i visited the prices aren't better so people aren't feeling better about their personal nest egg. maybe it was a

robert shiller received a lot of buzz.e's what he had to say about home prices. >> in terms of housing, we might be at the end game. home prices are back to a normal level. they could just stay here. and that would be all right. right? housing is very affordable. interest rates are down, prices are down to kind of a normal level. they haven't overshot normal. maybe in terms of housing, this is it. this is it. >> so does our next guest agree, this is it? let's ask him. james camp, you had a chance to listen to professor shiller. sort of called the end game for housing, do you agree with him? >> i think we're in a bottoming process but i don't think the end game is upon us yet. the reason i say that, brian, is we still see three or four years in the visible housing space. we hf not really created a financing vehicle for residential housing post-2008. we've sort of let the general agencies limp along at the federal level. we obviously know that the financial system i think it is still strained, balance sheets are still under

planners is ben bernanke for example a contrarian indicator will discuss meanwhile this week's new case shiller numbers told us u.s. hourly not so good at least in a sense that average home price drop back to levels last seen in two thousand and three but is housing our actually way worse i could that be a good thing let's get to today's outlook and. so we've heard billionaire investor warren buffett saying the rich should be talents to more that he should be taxed more he's made that case very publicly and with much fanfare that he pays seventeen percent a little more than that in taxes a lower tax rate than his secretary and not only that. there wasn't anybody in the office for the reception the song played as well as hard for it and i have no tax planning i don't have it i don't have an account and i don't have tax shelters i just follow what the u.s. congress told me to do. sounds impressive sounds noble that message has really traveled but our guest today asked if we should slap a warning label on each one of buffett's public pronouncements as well before we get into the matter at hand the

the just released case-shiller home price report cards. also, building your portfolio by investing in america, the kramer way. looking at futures, follow through on yesterday. more live from post 9 in just a moment. the most spectacular experiences are happening here. imax now showing on the big board. introducing gold choice. the freedom you can only get from hertz to keep the car you reserved or simply choose another. and it's free. ya know, for whoever you are that day. it's just another way you'll be traveling at the speed of hertz. >>> get back some of the key housing data of the morning. a rocky start to the year for home prices. the composites saw price declines 0.8% in january. david blitzer, chairman of the s&p 500 index committee. david, good morning. good to see you again. >> good morning. >> rocky start is exactly how the press release states but the data is through january. if you could characterize that month and tell us whether or not you think the time that passed since then looks any different. >> well, january was definit

yale professor of economics robert shiller offered his latest take on housing. listen to this. >> in terms of housing, we might be at the end game. home prices are back to a normal level. they could just stay here. and that would be all right, right? housing is very affordable. interest rates are down, prices are down to kind of a normal level. they haven't overshot normal. maybe in terms of housing, this is it. >> very interesting. let's get reaction to that comment and investor advice with john calamos. he's chairman and ceo and cio at calamos investments where he helps oversee more than $34 billion. good to see you. i know you were an air force pilot in a prior life, so you know about things that take off. one of the things that's taken off is apple stock over the past year. >> that's right. >> they've got a new product out today. is this stock still investable at these prices or is it too hot to touch? >> you know, we think so. we've been holding on to apple for many, many years. it's been a core holding of ours for many years. >> and good for you. >> you kn

the standard & poor's case-shiller report shows housing prices in january were down for a fifth straight month. the report analyzed prices in 19 major cities. prices were up in just three, phoenix, washington, d.c. and miami. >>> this weekend the united states will become the most expensive place to do business in the world. on sunday japan lowered its corporate tax rates to 36.8%. the current u.s. rate is higher at 39.2%. >>> you will be drinking more than just coffee, milk and sugar if you order a strawberry frappuccino from starbucks. pulverized bug parts will be passing your lips as well. the strawberry flavoring gets its pink colors from extract made from insects. the story got legs when a starbucks barista tipped off a vegetarian website that the drink is not a vegetarian-friendly one. starbucks says it uses the dye in order to minimize artificial ingredients. >>> do you want the good news or bad news? the bad news is you didn't win. good news is, nobody else did either. talking about last night's $356 million mega million dollar lottery drawing. now the jackpot will go up to an es

it's already starting to happen. >> robert shiller, thank you so much for joining us today.appreciated. in the meantime, today -- >> want to bring your attention to deckers, hitting november 2010 lows. this is a classic example of momentum in reverse. one of my pals points out that this stock, people loved it. 40% higher. >> on a sunny, shiny day here in the northeast, beautiful day out there. today's sunshine stock is cabo ceramics. it's a houston, texas, energy company that makes products of fracing for natural gas and oil in the u.s. they also have technologies that prevent oil spills, and also help to contain them. shares are up, oh, goodness, about 6% so far today. for the year, though, the stock is down significantly. >> i almost did it as a disaster du jour a number of times recently. >> but not for today. >> this next story is not a disaster, it's a very sunshiny day for the woman who sold this thing. but i'm not sure what it says about anything. but here you go, folks. that mcnugget we showed you, the one that has the vague resemblance to george washington's face? w

we saw phoenix home prices improve 2% in the case-shiller report. that's ground zero for the housing debacle. i think home depot keeps going. >> don't forget about lowe's. we talk home depot. look at lowe's as well. look at the options. they're going into both. continuing to see upside. people continue to see this housing market recover. those names continue to perform. >> patty edwards, coach. you can't get past the reliance on international new markets. >> it's not only the new markets but it's also things like the murse. i'm sorry, my guy anin't carryig one. >> i'm not a murse carrier. >> the stock continued to perform. despite the issues you may have with it, it continues to be a big performer. >> you know, it does. and if you're in it, god bless you. i hope it goes higher for you. it's one i have chosen not to play in. things like tjx is a much better call. >>> let's move on and talk about another big performer in the dow, american express announcing its first increase since 2007. that's in a dividend. planning to buy it back. also up to $4 bil

and also tuesday, the monthly s&p case shiller index tracks home prices in 20 cities across the uniteday the third and final estimate of the gross domestic product for the fourth quarter of 2011. that is typically a market mover as well. friday the latest numbers on personal income and spending will be out. as will be the university of michigan's survey of consumer sentiment. finally, ben bernanke gets schooled. the former head of princeton's economic department became the first sitting chairman of the federal reserve to teach a college course. he delivered the first two of four planned lectures at george washington university on economic history. 30 undergraduates are taking the course and no, the chairman will not be grading any papers. >>> that's the show for today. thank you for being with me. my guests next week, chef and rest ra daughter daniel ba lieu. keep it right here where wall street meets main street. have a great weekend everybody, i'll see you next weeken

but today, we're going to have the case-shiller home price index. although it looks back three months, it's a widely followed housing price index. so we're going to get a better indication of the housing markets and, of course, the housing markets, the jobs and inflation are three key areas where economists look for any further progress for the u.s. economy. so we'll keep track of all of that. major gains here for the nikkei this tuesday morning up over 100 points. back to you. >> ramin, thanks for that update. ramin mellegard from the tokyo stock germany says it may be willing to stump up more cash for the eurozone bailout. germany's softer stance means they may be able to reach a deal on boosting rescue loans. german chancellor angela merkel on monday signaled for the first time a willingness to boost europe's bailout fund. merkel suggested raising the total lending capacity by 200 billion euros to 700 billion euros. eurozone nations set up the european financial stability facility as a temporary measure two years ago. they planned to set up a per

> very good morning to you, ai, and pretty negative start here following on from the case hi case-shiller home price index. let's have a look at the hoping levels for the nikkei and topix, down over 100 points, still above 10,000 though but down over 100 points for the nikkei and down 10 points for the topix. the nikkei closed yesterday, however, at its highest point since the march 11th, the day the disaster struck japan actually last year, and yesterday a very large percentage of stocks on the first section of the nikkei 225 traded at their highest levels this year. so still yesterday was very positive. we're seeing a little bit of a pullback today. domestic and foreign buyers also flocking in to buy japanese stocks. now, looking forward, of course, a lot of high dividends may be paid out so investors also trying to lock in some of those stocks before the fiscal year ends this week here in japan. on a negative note, though, elpita memory, one of japan's biggest memory chipmakers will be delisted today after filg for bankruptcy late last month. that company has a lot of products which go

the s&p 500 case shiller home price index fell 3.8% in the last quarter.ose low prices are sparking more home sales. existing home sales rose 4.3% in january. so are record low mortgage rates and those falling prices, are they going to spark a recovery in housing? let's get to the bottom of it, literally. mike, host of "real estate intervention" nice to see you. >> always great to see you, christine. especially when i'm going to say something good about the housing market. >> is it? >> i think what everybody wants to know, is it the right time to buy? absolutely. i can tell we will never see mortgage money as cheap as we're seeing it right now. i think that whether you're an investor or you're buying a principal residence to live in, if you don't take advantage of the times we're living in, you're going to be on the outside looking in. >> if the family situation is right, if you've got the money to put down and get the low rates. we know it's been about cash. but what is the question you should ask yourself if you should be a buyer or a renter here? under

and p's case shiller index and i was talking to a very smart source and we were discussing ok you know if the bad guys have won and there's nothing we can do about it we can keep fighting it we can fight him stand up for the right thing but they're winning how do we protect ourselves what do we do well we know the economic trends ok the growth of emerging markets now represent close to fifty percent of global economic outlook you can see right there the red or pink are emerging markets and the blue are the developed economies and we talk about that on this show often in more macro economic and political terms what that should mean for the world bank leadership for example or what it means for the dollar as the reserve currency but our guess thesis is that the narrowing of the gaps between the western world and everyone else will continue for decades and this will be the most important long term investment theme of the twenty first century now he has traveled the world getting all of the intel enjoying all the due diligence for us that supports us these as these put them all into his ne

been writing about it you mentioned it just now we just got numbers out earlier this week from case shiller showing that housing prices if we can bring them up are back to two thousand and three levels so this was just the news that we got out earlier this week but then you show that when you look at median home price in terms of per capita disposable income it's actually much worse than we can bring up those numbers too because we have a chart from you eric and it shows that they're lower than they have been in forty years if we could bring that up eric tells us what is the opportunity here. right well i mean obviously out of that i would start by saying i have i have no crystal ball i mean maybe the housing market falls from a decade i really have no idea what but what but what i think appealing about the housing market is that it is cheap. both in relative terms relative to recent nominal pricing and also in terms of of what it what it would cost an actual person to buy meaning in terms of disposable personal income and also very very importantly in terms of what's the monthly payment yo

. >> and yale economic professor robert shiller making a powerful case for more breakthroughs in the pressing down on me, under pressure ♪ >> good morning, everybody. welcome back to "squawk box." let's get to your monday morning headlines. gasoline prices have jumped another 11.5 cents over the last two weeks. the latest survey puts the average price just under $3.93 a gallon, after a rise of more than 12 cents over the last two-week period. >> bats global coe is apologizing for his company's botched initial ipo on friday. it was terminated after a serious failure. and it was blockbuster box office numbers for "the hunger games." it took in $155 million in ticket sales. we've been watching the futures this morning and keep in mind it is the last week of the quarter. right now you see those dow futures are indicated to open up by about 60 points. we're going to keep an eye on this as we go through the morning. joe, back over to you. >> i almost saw that, beck. i had a ticket yesterday. >> why didn't you go? >> because, i don't know, a couple of ncaa games on. >> because you were doin

case-shiller says prices tumbled almost 1% since the start of the year. analysts say it adds further evidence just how bumpy the recovery is for the housing market and will continue to be. when it comes to the broader economy, americans remain just as upbeat in march as they were in february. the confidence board says consumer price rose after dipping last month. americans were concerned about inflation, mostly because of rising gasoline prices, but are generally upbeat about the current job situation. >>> coming up wednesday, figures on durable goods, mortgage applications, and housing inventories. and a hearing on the collapse of mf global. that's a wrap of the day on wall street. i'm alison kosik in new york. >>> here in hong kong, the court battle over the right of residency for overseas domestic helpers has taken a step backwards. today a hong kong appeals court overturned a ruling that granted those workers the right to apply for permanent residency. it says the clause in question was unconstitutional. we have more on this story. just for people who

i want you to hear from phil shiller who handled the presentation, the worldwide marketing officer. >al distance, 15 inches or even closer your retina cannot discern those individual pixels. there is enough pixel density that you can't pit out the pixels. the imaging on it look stunning. >> so that is the signature feature, brooke, with the new ipad. a lot of people thought they would call it the ipad 3 or ipad hd, but no, it's just the ipad the new feature is the camera in the back, a 5 members apixel camera. in theory you could use it as your primary camera. one thing you can't see is there's a new chip inside, so a faster data connection that's really as fast as using a typical wifi connection. this is the 4g network you may have heard about. it will go on sale on march 16th. i'm sure it will be another phenomenal success for the company. >> so march 16th. people don't want to wait for that, so i know they're taking pre-orders, right? can you start ordering today online? >> reporter: you can start ordering today, brooke. one thing we should also mention, is the company released an

kay shiller just came out with their news.ou have differences in the markets and three markets doing very well are places where the downturn started. phoenix and miami and washington, d.c. you see gains but numbers are also down in seattle, san francisco, and san diego all are coming in on that. so we'll keep our eye on this but great, great gains. >> it is. baseball fans remember, though, 1998, year of the steroid. >> good. >> hopefully it's not the stock market on steroids. >>> coming up, burned on the hot mike. microphone mishaps. >>> and the critical question, can the federal government force everyone to have health insurance? the three justices you should be listening most to. you're watching a special edition of "the daily rundown" live from the supreme court. [ male announcer ] if you think any battery will do... consider the journey of today's athletes: ♪ their training depends on technology. [ beeping, ticks ] and when their devices are powered by a battery, there are athletes everywhere who trust duracell so whether

take a look at the s&p shiller-case index. they're continuing lose ground.ls in june and july to january 2012 the decline for both indices is over 34%. while the nation home builders have seen a revival in their stock prices, does it mean a revival in the businesses? let's take a listen to one of them, toll brothers' ceo douglas yearl yearley. nice to have you on the program. we've gotten the housing data. how would you characterize the environment right now? >> it's really good and we don't buy the numbers that came out today on pricing. 25% of our communities have seen a price increase since january 1. this spring season is the best selling season we've had in five years. it's the deepest season. we're now in late march and the season -- and the selling season is continuing. the last few years it has died. in early march, late february. so we feel really good right now. >> this is the hot spot of the year right now. from january to april, this is when you're looking for the biggest boost in terms of sales. >> that's right. we sell most of our homes from la

robert shiller said earlier on street signs. >> home prices are back to a normal level. they could just stay here. and that would be all right. right? housing is very affordable. interest rates are down. prices are down to a normal level. they haven't overshot normal. so maybe in terms of housing, this is it. this is it. >> and jamie dimon said the same thing earlier in the year when we spoke with him in san francisco. said that housing may have bottomed. but we may very well bump along the bottom for a long time. where are the best opportunities in terms of buying opportunities in housing as we head into the spring selling? >> here's a fun fact for you. a growing number of homeowners are beginning to think that now is actually a good time to sell. when was the last time we heard that? yes. home prices are still falling, but that's largely due to the major share of distressed properties in the market. well over a third of the market. so if you're an investor or just a regular home buyer, where do you look for the best deals? phoenix. yeah, i said it. phoenix. prices ther

her cell phone meanwhile was found saturday at the intersection of shiller avenue and santa theresa boulevard. the phone was in a field about 20-30 feet from the roadway and today we learned that sierra's purse and clothes were found sunday near laguna avenue and santa theresa boulevard, about two miles from the location near her home and bus stop. our team coverage continues now, as kron 4 maureen kelly with details on the extensive expanding search for sierra lamar. >> reporter: 40 trained volunteers are going out in teams of two most concentrating on a three mile radius around sierra's moms house. some teens going farther checking out waterways like here. five search dogs cross trained as cadaver dogs have their noses to the ground trying to pick up her vent. a santa clair it county sheriff helicopter gives the team a view from above. crews are looking for any sign of the missing girl and securing the area for any evidence of criminal activity. >> that includes things like tire tracks or footprints. in general we could be looking for weapons of different types, clothing, any number of smal

shiller sold around 70 million. mansfield and forstall sold more than $30 million worth of shares.ock units that are granted every two years and apple sees them as a way to keep these guys around which some might see as a big risk if they lose these guys to competitors. that's a risk to apple stock. >> thanks so much. what do you think about that? much to do about nothing? >> much to do about nothing if i was a ferrari dealer in silicon valley i would be a happy guy. >> next up, a stock riding apple's coattails that may be ready to soar even higher. more halftime report is up next. ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there track it all through the air, that's logistics. ♪ ♪ clearing customs like that hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, that's logistics. ♪ managing my diabetes is part of my life, between taking insulin, testing my blood sugar. is this part of your life? freestyle lite test strips? why, are they any beep! wow, that hardly needs any blood! yeah. and the

the latest case shiller price index., p, p, profits, portugal and property. >> what we see here is china's going to have a soft landing. u.s. economy is improving. and europe at least they're trying to contain the prices somewhat. where does this leave us in terms of stock? >> europe is in containment mode. emerging markets are in slowing mode. the strength in economy as we saw in the employment report is really out of the u.s. i think what this means is a rotation into the united states. i think it's good for risk assets and good for the u.s. market as well. >> are you looking for a rotation into the atmosphere as well? >> oracle and apple we talked about 200 points ago. yes, we like the technology. get the cheap u.s. stocks that have sales into the global emerging markets. which are growing faster than the u.s. they aren't slowing. but if china is looking at 7 1/2, we're looking at 2 for u.s. this year. you want to get u.s. companies that sell cheaply into these emerging markets. that's where we would be. >> jeff, let

has been like, we've had stability since the home buyer tax credit went ago, even though the case-shillers, we've got more than that. >> thanks for being with us. >> thanks for having me. >>> coming up next on "power lunch," cashing in on the cleansing craze. we don't mean like cleaning your house. we mean cleaning out your system and losing a little weight in the process. we're going to take you inside the booming business of cleanse, self-cleanse. we'll tell you which is number one when it come to the preferred juices at goldman sachs' cafeteria as well. ♪ ♪ [ male announcer ] offering four distinct driving modes and lexus' dynamic handling, the next generation of lexus will not be contained. the all-new 2013 lexus gs. there's no going back. ♪ >>> welcome back. time for three stocks in 30 seconds. let's look at endosite, it submitted a request to market their ovarian cancer treatment in europe, which if approved would broaden their customer base. look at drugmaker cyclone pharmaceuticals, surging to a seven-year high after beating street estimates. its fourth quarter profit came in at 2

the s&p case-shiller home price index hitting a new low. but actually better than expectations on this report. that's something, right? take a look if you will. top ten and top 20 cities down 3.9% and 3.8% annually in january. month to month essentially flat. down 0.8%. these declines are less steep than we saw in december. that's an improvement. again, looking two months back at a three-month running indicator. on that average it's not really indicative of what prices are doing right now as we head into the spring market. eight cities, however, did hit new price lows. atlanta really tanking, down over 14% annually thanks to a wave of foreclosures. chicago's price drop was half of what it was the previous month. that's moving in the right direction. three cities saw year over year gains. that's phoenix, denver and detroit. again, this is a very backward looking indicator. we have to look at what we're going to see going forward into the spring market. where are the sales going to be? specifically geographically and what price range. are we

we'll get the case shiller home price index. and both men behind the index have joineded us on squawk in the last week to talk about housing. yesterday, we had professor shiller on and he said this could be a turning point for housing or then again it might not be. at 10:00, get consumer confidence and the richmond fed survey, as well. and the u.s. equity futures after the big gains yesterday, dow up by 161 points for the third biggest gain of this year. you can see we are looking at arrows in the green across the board. dow up by about 36. also the supreme court, justices are expected to hear arguments focusing on the heart of the case that involves the health care law. hearings began yesterday. today's arguments will be focusing on that provision that requires everyone to carry insurance or pay a penalty. the decision is expected by late june, but this could be the heart of the case. . can you force people to carry insurance and there are those who say, no way, you can't do it, and then there are those who point to auto insura

. >> and the case shiller home price index is out at 9:00 a.m. eastern.r homes in the 20 major markets forecast to have dropped by 4% in january. at 10:00 a.m., we get march consumer confidence. economists look for a read aing of 70 down nearly a point from last month. and no less than five fed officials are speaking today. among them bill dudley testifies before a house committee at 10:00 a.m. to discuss all the aid the fed provided to help mitt indicate the eu debt crisis. ben bernanke gives another lecture to students at ghornlg washington university. and james bullard continues his tour of asia. let's get a couple final thoughts. chip, we've had a really impressive run here for equities and i have to ask taking the other side of the coin, are we due for a correction, shallow or otherwise? >> i don't look at a catalyst that will push us down significantly. i think it's more of a breather. but i would take advantage of that situation, look for those opportunities to really try to deploy more cash. but i would leak moreards q3 versus right now. >> ian, y

the latest case-shiller home price report shows san francisco home and condo prices fell 2.5% and that's down 5.9% since january of 2010. overall, national prices fell .810. that puts u.s. home prices back to where they were ten years ago. there is another new report out that says the number of adult americans is increasing. at the current rate employers will need 23 million more college graduates anyone the colleges and the universities will have tro duesed in the next 13 -- produced in the next 13 hours. the united states will need to have 60% of all adults having college degrees. right now, only 30% of all americans have either a bachelor's or around advanced degree. >>> new this morning, high school students will face tougher rules on college exams this fall. students will have to upload a picture of them sees under new requirements just announced for this morning. admission tickets will be issued to the parents. on testing day, the tickets will be screened against a photo i.d. >>> the santa rosa school district is seaeth sag a board member's vote to close doyle school. on march 14th

many others saying that we've already reached a bottom and then on the other hand, you have s&p case shillerervices that are again telling us that we're continuing to see declines. so i think for the most part, housing data has been somewhat mixed as we're starting to see unemployment come off and a trend develop to the down side there. and again, there's argument in terms of why that number is coming off, is it that fewer people are eligible. but i think housing data will be in the same situation that it is right now until we see that real growth phase in the unemployment market or in jobs data to the up side. and as you mentioned, we do have jobless data coming out this week on thursday, but again looking forward a little bit more towards the unemployment data as usual is the case that being the bigger mark for the month. but, no, for the most part, i think again there have been a lot of officials that have been predicting a pbottom and we haven't seen the bounce yet. >> thank you so much, ben. and of course to tony fratto. and that's it for today's show. i'm jackie deangelis in the united

if you looked at the case-shiller data that came out just yesterday, you know, again, we're seeing more price declines. until you start to see prices stabilize and begin to move higher, i don't think you can declare victory in the housing market. so, you know, i know we've had a great run in some of the home builder stocks. i -- again, that's not something -- a move i would want to get into at this point in time. i still think the residential housing market is vulnerable. and, again, until you start to see prices stabilize and move higher, then i still think, you know, bigger picture, there are problems there. >> yeah, absolutely, bill. and, jon, let's build on what we were talking about with bill in terms of housing. earlier this year jamie dimon told maria bartiroma we were going to see a bottom in the housing market. is that your take. and once the bottom is achieved, the recovery will start in a meaningful way? >> we have a two-tailed market, the high end, which we heard toll brothebrothers' ceo talk a. to buy a house makes perfect sense. to take the rest of the market, you have two

this is the kay shiller home index. prices fell 1% in january.ces are at levels we saw back in 2002. we haven't seen these prices in a decade. housing as you know has really been one of the economies weakest spots. it's really the sticking point that's keeping this recovery from going full force ahead. overall when you look at the housing market, we're seeing improvement from year to year but it's slow. americans are nervous about it. we're getting another report in about a half hour on consumer confidence. that's expected to fall in part because housing prices continue to fall and stocks look like they'll get a slow start. so much for momentum from yesterday looking at a flat open in about 45 seconds. >> i think we're used to the roller coaster ride by now sadly. thank you. >> you got it. >>> good morning to you. i'm carol costello. stories we're watching right now in the "newsroom." mitt romney's comments about russia stir up cold war memories. >> these are unfortunate developments and if he plans to do more and suggests to russia that he has t

in the case shiller report, phoenix is a market starting to move. >> thanks for your time, earl.ng up the wire with his much-hyped "new york times" op ed. he talked about how he was a rhodes scholar finalist. since he's looking for a job, we're asking you, to whom should he submit his resume and why? tweet us your answers. "and i got a one-hundred dollar cash bonus for rolling over by april 16th." "i like bonuses." "plus at scottrade, there are thousands of commission-free investments." "and if i need help, i can find it online, by phone or at one of over five-hundred scottrade locations." "it's why more investors with i.r.a.s are saying.." "i'm with scottrade." ♪ [music] ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there track it all through the air, that's logistics. ♪ ♪ clearing customs like that hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, that's logistics. ♪ our machines help identify early stages of cancer and it's something that we're extremely proud of. you see someone who is

. >> i was going to say michael, i think the case shiller index is indicating there are overall priceyork. is that correct? >> you know -- >> from the top end? >> i think a little bit. i think we're still seeing in the $4 million plus market, a tremendous activity, volume. i mean our numbers, what we're seeing now is stuff that sold three months ago. so it changes so quickly here in new york. and as you'll see on the show. but you know, with wall street bonuses being capped, i don't think that's going to have the effect that people think it does here. i think that's going to affect more the secondary markets like the hamiltptons and your luxury purchases. >> it looks like you're disagreeing. why? >> i think when you take money out of the pockets of the people who live in the city who are working incredibly hard, you're going to affect demand. so yes, there's liquidity there and yes, people are buying apartments and prices are coming up. but you know, this is financial sector of the world. >> so they, they tested thousands of realtors to pick you three. >> realtors. >> we call them est