robert shiller, the co-author of the case-shiller index joins us on if the recovery at home values is over. adam: uncertainty in ukraine, venezuela and egypt driving trading in gold. prices are holding at levels not seen in four months. jim rogers on whether or not he is buying at these levels and what he thinks will help outperform medals at this pointñ cheryl: the high profile exchange goes off-line and reports of a massive theft. lot happening in the next hour of fox business. but first, the dow up 19 points. major averages in a bit of a roller coaster ride, volatility is back, nicole. nicole: putting out a note today saying how the market was testing his own vital signs. we held since they balanced off the levels, we do have that back-and-forth action. that is seeing his own back and forth. one thing worth noting also is the floor type of look at the big board, they see stocks higher, gold higher, treasuries higher. now that is an unusual mix. back to you. cheryl: watching the s&p. that is what we need.g close. adam: big names reporting quarterly results, sandra smith with the tr

buys, back to you. >>> the latest s&p shiller says it's losing momentum.n the fed and the housing market. take a look. >> i don't think bernanke is really in control of the housing market. you know, these people probably don't even fully understand it. so i think the market has its life of its on. >> for more on housing let's go to somebody who has a life of his own, rick santelli in chicago. >> i love that sound bite. i'm going to play it on my alarm clock every morning. the market has a life of its own. imagine that. i like to welcome our housing guest, mark hanson. thanks for taking the time today. are there you, mark? >> i got you, rick. >> everybody started out with ben bernanke, mr. shiller, in your newsletter today you said fed induced dead manned is waning. i like this dynamic. okay. can you expand on it from your perspective? >> yeah, we're in a critical juncture in housing and it started when rates went up that small 1% back in june. we're going from an investor-led housing market to an end user-led housing market. that's creating a lot of proble

let's drill down on some of the problems that middle class families like this family confront, robert shiller spent decades studying the middle class. his book explores the widening income gap between classes in the us. >> contrary to popular mythology, globalization and technology haven't redosed the number of jobs available to americans, the transformations have reduced their pay. ♪ >> it's not just that wages are stagnating, but when you take into consideration, rising costs, the rising costs of rents or homeownership, dramatic increase of health care, child care, and high education, rising much faster than inflation. >> robert shiller joins us from the university of california berkeley. you heard the conversation. the fact that there is real pressure on the middle class in terms of getting loans, income, general economic upward mobility, i don't think that's in dispute. but close the circle for my viewers about where a weakening middle class is a problem for all of us. >> you need a boy e-- buoyant middle class to increase the spending. if the middle class doesn't have enough money, then

s&p/case-shiller index gaining

the s&p case-shiller price home did he tell decks is out at 9:00 a.m. eastern. rise 13.9%. at 10:00 a.m., we get consumer confidence, looking for a reading up a point from the january figures. fed governor dan tarullo speaking about financial stability outside of washington. we've got home depot, macy's recording results before the opening bell today. and numbers from t-mobile u.s., toll brothers, domino's pizza and dreamworks animation. >> looking forward to those. >>> elsewhere, there were further protests last night as venezuela's president shared a national dialogue meeting. police responded with tear gas. it's the latest in a string of anti-government protests across the country since february 12th. even at least 15 people dead and 150 injured. >>> protests continue in thailand early this morning with gunfire and explosion certainly with anti-government -- in ba bangkok. the prime minister shinawatra targeted protesters without resigning despite growing pressure on her administration. >>> and we'll leave but a look at how the equity futures are trading ahea

the s&p case shiller index of 20 cities came in with a .1% decline in december from november. it's the second straight month over month drop. a spokesman for the s&p index says the str0ngest part of the recovery in home values maybe over. traders are welcoming earnings that helped push housing stocks higher this week. wall street cheered on home depot, sending shares up almost 4%, even as it said winter weather hurt income, and plans to lower it's 20-14 forecasts. however, at toll brothers, earnings were better than expected and it's issuing a higher dividend. the upscale homebuilder revealed that a jump in home prices pushed earnings higher. but, warned that messy weather could put a dent in future earnings. the stock was down slightly yesterday. retail stocks rallied on the heels of earnings from macy's shares spiked 6% after .. the department store chain reported sales were weak.. until valentine's day when profits improved. the company also predicts business will pick up when the weather turns around. office depot stock however plunged 9% as it warned wall street to expect

the s&p case-shiller home prices index will be released at 9:00 a.m. eastern time.up at 10:00 a.m., the markets will get a read on consumer confidence. the markets will get some fed speak today. daniel turullo is expected to deliver a speech on monetary policy and financial stability at the annual policy conference. that is your squawk planner today. right now, we're going to send it over to andrew. >> porsche roadside assistance. >> you're talking aaa. >> porsche roadside assistance. >>> anyway, coming up next, honors and specifically why he doesn't like tesla. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today. for what reality teac

yale economist robert shiller, namesake of the closely watched survey, predicts more uncertainty in housing prices in the year ahead. >> i think prices will continue to go up for the first part of the year at a fairly good pace. but i think they may weaken. there's a lot of signs showing that the housing market is weakening. >> the survey also says that the strongest part of the housing recovery may be quote over. >>> no matter where home prices are ultimately headed, you can be sure of one thing, your grocery bills are heading hire. the usda predicts that food prices will rise between 2.5 and 3.5% this year which is right in line with overall inflation. but that is based on a normal weather pattern. and with a devastating drought out west and polar vortex visits things have been far from normal lately. the agency admits california's drought may have a large and lasting impact on fruit, vegetable, dairy and egg prices. >>> gus lochet joins us to talk about how economy is doing. he's a senior economist at pnc. so gus is the economy is it just winter doldrums or is something else going on? >>

massachusetts new jersey they've all stopped going up so what you have of now is said if you look at the case shiller index the latest press release from s. and p. what it tells you is that there's five markets pulling the average up remember it's an average but generally speaking in the rest of the country you've seen a pretty marked deceleration in home price appreciation over the last six months so my guess is that the investors who got in in the last year year and a half are a little bit late we stopped putting investors into rental homes two years ago fact most of those have been sold so you know our view carrington is that rent is pretty much done as far as that ario trade you were talking about before we're the biggest buyer of non-performing loans in the country and we like that business because we go and we fix some in many cases we keep the family in the house. it's a very good business but to just go out and buy homes in the open market today i don't think that's a really good investment strategy because i think home prices will be flat for the next couple years chris thirty second fact i

at the moment.wn case-shiller will come out, is it a bubble?debated yesterday on twitter. along with consumer confidence in the u.s. that will play through. in europe, one of the lead stories is about vivendi. what is vivendi going to be? they want to be a media asset. what are they going to do about telecoms business? moot point out there. capital return to shareholders, nothing authoritative. down 4.875%. last year was all about spain. it is very fully valued this year. this year will be where the thee lies further right on yield curve. the markets are sure about the next three years to four years, but beyond five years it begins to look more interesting. go to my twitter page @manu scranny and get the interview. >> think you very much. another blow to bitcoin. mt. gox goes off-line after an apparent hack. how big a threat is this to the future of the digital currency? ♪ we start with our smart phone business in china. in one or two years, we become number two. we grow out from china to emerging markets with the opportunity of motorola. that

would continue and then therefore the year over year changes that we see in things like the case shiller and it's going to come out and so eventually we're going to be at a flood thank you as always have wished you could talk more about this but that's all for now however you can see all segments featured in today's show on you tube at you tube dot com slash boom bust r t we also hearing from you so please check out our facebook page at facebook dot com slash boom bust r.t. you can see and tweet out us as well to aaron to aid at edward and h. from all of us here at boom bust thank you for watching see an x. time shall. be used you don't know if you don't panic or. response to bruise. everyone in my life that i cared about they're gone and then. i came to skint well. i was national champion in track and field and also was able to go and qualify for the olympic games. but had to experiment with that the drugs i had lost all the financial means that i. was really on the street. where. black market kids. can get a great chip off the street kid. winter is when the sahara comes to life you kno

robert shiller, the co-author of the case-shiller index joins us on if the recovery at home values isegypt driving trading in gold. prices are holding at levels not seen in four months. jim rogers on whether or not he is buying at these levels and what he thinks will help outperform medals at this point.

would continue and then therefore the year over year changes that we see in things like the case shiller and are going to come and so eventually we're going to be at a flood ed thank you as always have wished you could talk more about this but that's all for now however you can see all segments featured in today's show on you tube at you tube dot com slash boom bust r t we also hearing from you so please check out our facebook page at facebook dot com slash boom bust r.t. you can see and tweet at us as well to aaron to aid at edward and h. from all of us here at boom bust thank you for watching c n x time shall. be a. very hard to take. that back we are right there. please. please. for the. revolutionary with the illegal overthrow of the democratically elected government in ukraine the country stands at the abyss politically economically and even territorially strongly supported by the e.u. and washington the new rulers of my don't perceive as ideological zealots to me reach out to all ukrainians or will we divide the country even more. coming up on our t.v. u.s. troops may soon be gone

would continue and then therefore the year over year changes that we see in things like the case shiller and it's going to come and so eventually we're going to be a. thank you as always have wished we could talk more about this but that's all for now however you can see all segments featured in today's show on you tube at you tube dot com slash boom bust r t we also hearing from you so please check out our facebook page at facebook dot com slash boom bust r.t. you can see and tweet out us as well to aaron aid at edward and h. from all of us here at boom bust thank you for watching see an x. time talent. technology innovation all the developments around. the future. a little. bit. more. pain for the young girls cam all for of a future hotter. between two and three hundred million guns united states so you can act like they're not here and keep kids away from them. the pass' out is a large you know i mean this teaches them a lot of are a responsibility to contemplate through the eyes of children if we can't do it for our children for our future. winter is when the sun comes to life in. a

of it continue and then therefore the year over year changes that we see in things like the case shiller and x. are going to come out and so then surely will be a ed thank you as always have wished you could talk more about this but that's all for now however you can see all segments featured in today's show on you tube at you tube dot com slash boom bust r t we also hearing from you so please check out our facebook page at facebook dot com slash boom bust r.t. you can see and tweet at us as well to aaron aid at edward and h. from all of us here at boom bust thank you for watching c n x time cal. well. technology innovation all the developments from around russia we. covered. a lot of these policies i think you. should have you with us here on t.v. today i roll researcher. at least two people are dead dozens injured in southern ukraine demonstrators who refused to recognize the new leader with a rival rally meanwhile in kiev. it is instead of cheers for even the replacement leaders protesters. warning the opposition against letting them down. if there's one thing you don't want a potenti

robert shiller, suze orman, the financial guru, we're going otalk about the middle class, why they'reueezed but more importantly tony how we fix it. this is the beginning of a year long conversation that we're all having, this entire channel is going to have. we're also talking to as we always do on this show, people with real world pressure in their lives. sabino family of new york, the mamaddox family of oregon. we want to be able to tell you what's going on with the middle class. >> i was going to end it here but here's the other doggone thing, when i listen to you talk about the factors that lead to the squeeze of the middle class, everyone knows about it happens but leads me to wonder how important is the middle class? if it is really important, there are people working on this right? >> it's crucial. the most all of history every successful economy have a robust middle class. they do two things, they buy the stuff that we build and produce so you can have jobs and they pay the taxes our government needs. the rich are you can get the more taxes can you avoid. if you earn $10 mill

the dip in the standard-and- poor's case-shiller index partly reflects the effects of winter storms. and on wall street today,the dow jones industrial average lost 27 points to close at 16,179. the nasdaq fell five points to close at 4287. and the s-and-p 500 was down two points to finish at 1,845. still to come on the "newshour: political turmoil in venezuela; a fight over grounding a battle-tested u.s. war plane; islamist militants go on a killing spree in nigeria; plus, a bipartisan effort to get undocumented youth a college education. >> ifill: now, to the escalating tensions in the key oil state of venezuela. street protests against the socialist government show no sign of ending, and already- frayed relations between washington and caracas are growing even more strained. >> ifill: the latest diplomatic jab came today from state department spokeswoman jen psaki. >> in accordance with article nine of the vienna convention on diplomatic relations, the state department has declared three officials from the venezuelan embassy in washington, d.c., persona non-gratae. >> ifill: that w

s&p/case-shiller index gaining .08%. they were expecting 6%. liz: to brothers saying severe winter weather was to blame for that. david: consumer confidence dropping this month amid concerns about the future performance of the economy. the conference board's index of consumer attitudes dropping to 78.1 from downwardly-revised 79.4 in january. liz: did you see home depot's stock today? surging after the world's largest home improvement chain reported higher than expected quarterly profits. the company kept a tight rain on david: t-mobile us after, the wireless company that calls itself the uncharacter in the bat well at&t and verizon says the fourth quarter loss widened. company's growth in new customers was offset by the cost of acquiring them. liz: huge setback for bitcoin. mt. gox, once the dominant trading platform for the virtual currency has gone off light, quiet, shut. other exchanges trying to reassure bitcoin users saying there are bad actors out there that needed to be weeded out. bitcoin prices standing at last check, $516 per bitcoin

we have economic data. 9:00 the case shiller home price index. 10:00 consumer confidence index in richmond fed manufacturing index. the retail earnings day. after the bell, dreamworks and sam adams. beer in retail. >> we will get to that in a bit. commoditiesnd continuing. futures lighter. nymex crude, again, stable. moving onto foreign exchange. we look at the yen at the bottom. a huge deal. that is a weaker yen as the government manipulates the room ramimbi.- the gamimbi euro-yen 140 .78. this is the dynamics of what revenue is doing. the dynamics are bringing that found the income statement to cap -- profits are doing. >> looks like a disappointing quarter for home depot. missing on earnings and revenue. that means revenue fell about two percent. overall, comparison -- comparable csales. is the full-year sales guidance also lower than estimated coming in at 4.8%. the company was looking for five percent. obviously home depot has been hit with the weather issues. spring very important to see if there is payback. the fourth quarter does not look great coming in at the low end of estimates

in a month over month basis the s&p case shiller price index is above estimates for the month over montht on the yearly number it is 13.4%, the best since 2008. how futures check have been trading, remember that they were indicating a lower open. not much change your based on the numbers that olivia just went through with the home prices up about .7%. our economics editor michael mckee has more details. the markets move on these numbers sometimes, only when it is off drastic -- of the estimates. >> i was looking at the numbers just before i came on louisburg radio -- bloomberg radio, and this is a little bit better news. olivia is little miss sunshine, but i can top that comes she is giving you the 20 city number, i'm giving the national number. the increase is not as much, 11.3% for the year of 2013, but is the best national performance since 2005. we are enterprise-level we saw in 2004. not so good on a seasonal adjusted, they went down .8%. the. of this together said we are starting to see a little but of a softening in home prices. they have gone down, the rate of increase has gone d

nationally, home prices surged 11.3%, according to s&p case-shiller.ts home price index had its best year since 2005. so it's been a little while, but s&p also warns, the strongest part of the housing recovery may be over. home sales have fallen recently amid bad weather and higher mortgage rates. >>> coming up next, judy garland's, ugh, her children, not so much children anymore, but they include liza my nellla, reportedly set to unite on stage this weekend at the oscars. we'll tell you why. >>> plus, he is the rare person whose movie hits are known for folks of all ages, from "animal house" to ""ghostbusters"," we'll continue talking about harold rames' legacy. next. [ female announcer ] you get sick, you can't breathe through your nose... suddenly you're a mouthbreather. well, put on a breathe right strip and instantly open your nose up to 38% more than cold medicines alone. so you can breathe and sleep. shut your mouth and sleep right. breathe right. but with less energy, moodiness, and a low sex drive, i had to do something. i saw my doctor. a blo

tuesday is the case-shiller home prices next week, and then you have on friday the fourth quarter gdpwas 3.2%, it will be revised down to 2.5%. >> you know what's amazing? can we throw up the itb? amid all of the housing problems that we've just been discussing, it's at new year-to-date highs, and it points to a sense that people are looking through whatever the choppiness is we're seeing in the macro picture. it's not that markets are always right but it's a telling thing. >> it's a great point. the price action of the home builders has been really great. they're looking through this. the long term average for housing starts is about 1.4 million and we're only in the mid hundreds of thousands. >> are we whistling past the graveyard right now? are we rationalizing a problem? >> if there's a problem, and i would be remiss if i didn't say our solidarity with the people of ukraine. >> absolutely. >> if there's a problem, it could be geopolitical, believe it or not, and venezuela, those folks are also -- their voices are screaming to be heard and they're being repressed. that having been

to sales, if you look to earnings price relative to normalized earnings and i define that as the shiller margin adjusted one, to me, the market is expensive. plus you have margin debt as a percent to gdp, the second higher ever. so there's no room for error. and in my opinion, again, the fed is going to create a greater opportunity for access in the context of an expensive market. to me, that's not necessarily going to be a good combination at some point this year. >> all right. opposing, i think, even though david joy is not our -- anyway, david joy, as i've said, a joy once again. peter -- >> thank you. >> -- thanks for coming in. you've been right for two months and now you're definitively saying all this stuff now. i can see that you're getting back at me a little bit. >> my viewpoint would be different if the fed wasn't so entrenched in the marketplace. >> they really are, in our lives. so deeply into our lives. it's not just zero interest rates. >> right. >> and we just think it's normal that they're buying 80 -- you know, all right. >> what is it now? >> 65. >> they're still here.