you know a lot about stanley fischer, i am sure. is this a good choice or not? >> i want to be hopeful. this is a hard time right now for the fed reserve. this economy has not recovered the way it should coming out of this recession. what we are seeing is that the federal reserve has limited tools. in a world in which congress is willing to act, and world in which congress is not cutting back on spending or shutting down the government costing the , congress is supposed to do its part. -- costing the economy $24 billions, congress is supposed to do its part. right now the fed has limited tools of monetary policy. it keeps playing and working with the one tool. >> you like yellen. >> i want to be hopeful. i'm not sure. >> what grade would professor warren give ben bernanke? >> it is a mixed grade for me. bernanke did a lot to stabilize the market, but he kept the focus on the largest financial and much less on what was happening at a different level. i want to be fair -- the fed's role has limited tools. in dealing with that crisis, the fed has a responsibility a

things done the united states president barack obama has nominated former bank of israel had stanley fischer as the new vice chair of the us federal reserve. fisher who had retired from his post in israel last year as a part of the beanie administration's top choice for some time stanley fischer had been rumored to be a possible choice for the us central bank to jen and yell and a fellow jew ended up snagging the top spot. fish are now seven years older was born in northern rhodesia modern day zambia. he is a dual us israeli citizen and had previously served as the chief economist at the world bank as was the first deputy managing director of the international monetary fund. fisher has also been a longtime professor at the massachusetts institute of technology and can count both outgoing fed chairman ben bernanke keith and european central bank head minute friday as former students. florida's southern palm beach county is swamped by heavy ryan for the second consecutive night closing stores i'm completely some matching light to run routes lions on sunday my distractions of being to site know

david: let's talk about stanley fischer. that is very interesting.irst time in a while you have a very, very strong, well-known vice chairman. he was of course head of central bank in israel. what kind of influence, first of all, do we know what he thinks about what the fed has been doing over the past few years? >> he has expressed some skepticism. ultimately i think, if he is going to be the vice chairman of the place. he is going to be a loyal soldier. he is not, at least publicly he is not going to push behind the scenes, publicly against janet yellen's approach but i think we'll see some, there will be some differences between yellen and fisher in that, yellen has a very clearly-drawn views. she is very supportive of these easy money policies. i think fisher is more internally kind of skeptical. he is not likely to just kind of embrace any idea without looking very carefully at both side of the issue. so i think you're going to see, not necessarily kind of a, fight against yellen, but just kind of some internal skepticism she will have to work w

boss and these are the stories we're tracking for you today first up president obama nominated stanley fischer to vice chair of the federal reserve will the pragmatic policy maker live up to his reputation will discuss and eve smith the brains behind the extremely popular financial blog naked capitalism dot com joins us live near our new york city studios to talk pre and post financial meltdown. and later on in the show we introduced a totally totally new segment here on boom bust designed to make you the viewer in the driver's seat you won't want to miss it and it all starts right now. president obama has nominated former bank of israel chief stanley fischer to the position of vice chairman of the federal reserve the u.s. senate confirmed yellen on monday to be the next fed chair woman she is due to take over for ben bernanke when his term ends on january thirty first now fisher is touted as a pragmatic policymaker with extensive crisis experience in the past. held high level positions at the i.m.f. dealing with economic debate buckles in mexico and asia and fisher successfully navigated isra

bust and these of the stories we're tracking for you today first up president obama nominated stanley fischer to vice chair of the federal reserve will the pragmatic policy maker live up to his reputation will discuss and eve smith the brains behind the extremely popular financial blog capitalism dot com joins us live near our new york city studios to talk pre and post financial meltdown good stuff and later on in the show we introduce a totally totally new segment here on groom but designed to make you the viewer in the driver's seat you won't want to miss it and it all starts right now. president obama has nominated former bank of israel keith stanley fischer to the position of vice chairman of the federal reserve the u.s. senate confirmed yellen on monday to be the next fed chairwoman she is due to take over for ben bernanke when his term ends on january thirty first now fisher is touted as a pragmatic policymaker with extensive crisis experience in the past fisher held high level positions at the i.m.f. dealing with economic debate buckles in mexico and asia and fisher successfully naviga

president obama has nominated former bank of israel chief stanley fischer to the position of vice chairman of the federal reserve the u.s. senate confirmed yellen on monday to be the next fed chair woman she is due to take over for ben bernanke when his term ends on january thirty first now fisher is touted as a pragmatic policymaker with extensive crisis experience in the past fisher held high level positions at the i.m.f. dealing with economic debate buckles in mexico and asia and fisher successfully navigated israel through the recent financial crisis as head of the bank of israel fischer who has dual israeli u.s. citizenship grew up in a house without running water in what is now zambia while his parents worked as shop keepers at a general store. elsewhere december's bad weather may be to blame for a lower than expected payroll increases the december payroll report came in much weaker than anticipated bringing up new questions about both the strength of the economy and the aggressiveness of the federal reserve stimulus only seventy four thousand workers were hired last month the smalle

no, i do not think vice chairman stanley fischer will have an impact on chairman yellen and the othervernors in terms of a more international federal reserve. it is the federal reserve of the u.s. what is so scary here, these are marginal changes. makingovements in taper for large movements as you see in the reversal of turkish lira and particularly the verbal. -- particularly the ruble. i am focusing on the russian currency structure. >> thank you so much, tom keene with "surveillance." >> dollar, your problem. from controversial ads to using eye candy. got it takes to make an ad viral. we will talk about that when we come back. ♪ pulse,"me back to "the live from london on bloomberg tv. h&m banking on david beckham, hoping he can help win over america. he is the star of the companies campaign for this year. a little twist -- let's find out what is going on. hans nichols. uniquely qualified to talk about this. >> i have been avoiding talking about the details of this ad campaign all morning. we are going to jump into it, this is h&m's attempt to increase their 10% market share, the re

on fridayouncement was that they would appoint stanley fischer as the vice chair of the fed.hat does this mean for the fed? >> he is a real heavyweight. >> bernanke is a professor. it was a crisis fighter. nominated,wo people one was renominated that is a republican. he has been very supportive of bernanke. there are bringing over another from the treasury. >> to the white house think the economy is fine now? >> it is the fist bumps in the handholding. >> yet. >> -- yeah. number was disappointing. it put pressure on the president as he looks at some of the and thisproposals continued fight over extending unemployment benefits. fed'ss this threaten the tapering effort? >> i do not think so. ,iven the totality we have seen the $10 trillion reduction in the next meeting. >> julianna, you mentioned the state of the union. any sense of what a major theme or themes will be? >> one thing the white house has been rolling out is the emphasis on income inequality. haves have been doing well over the past years and the have-nots have not. that will be something they will push for. white

i think what is surprising is today was the stanley fischer rally. they say, this is great.ying to janet yellen's yang. traders, now, maybe they like the super dubbish yellen but if he can that would be the bullish things that we've seen in a very long time. >> that is extremely well said. that is extremely well put and i think you're extremely right. jeff, what is your market outlook right now? tell us where you are. >> you know, i think we're going to see another year of double digit gains for the stock market. one thing i worry about is where the volatility is going to come from and i think it may come from stanley fischer. the fed's biggest job is to a less direct approach to the markets over the course of 2014. they failed on communication in 2013 whether it was fooling the markets two of the last three meetings with what they were going to do, communication has been a weak spot. yellen has to get better at it and fischer says don't communicate. it's not going to like the silent treatment. >> he may whisper, hi, i'm stanley and qe 3 is cooked. it's over. i think that's

nominating stanley fischer to be the fed vice chairman to replace janet yellen.en rumored a few months ago. we had al hunt who spoke about this topic. with center elizabeth warren about this topic to get her take on it. >> you like yellen. do you like fischer? >> i want to be hopeful. i'm not sure. >> i was reading barclays know when they came out talking about stanley fischer what his name was first floated a month or so ago. barclays was saying that critics point to his perceived lack of accommodative monetary policy and the potential for any asset bubble risk. that was an interesting comment. >> it is interesting that you take someone who was running the central bank of israel and now he is serving on the central bank. could possibly run the central bank of the u.s.. >> what is interesting about that? >> do you not find that interesting question marquee is a general and one army and goes to be a general in another army. >> we are talking about the economy. in some ways much more competitive -- more important than an army. will -- i do not know if he is the rig

entirely know who's who's going to fill the slots for example we do think that there's a good chance stanley fischer is going to be nominated hero and accepted two to one of the slots and i think that he would find that his. policy stance is really to have lee well in line with birth and so what really comes down to those is to what extent is the president picked. up. members that are shown are only in line with janet yellen thinking or the thinking in general and as long as he continues to pick members that are generally in in that vein then when it see a large change in in the composition of the policy making behavior the followers or so if the share is nominated you expect that we'll see more of the same is that we're saying you insisted pay that ok yes now could be see it potentially be felled by hawks. i there's always that chance and i think though that we're we could see them thought by hock so to speak is to what extent they get filled they pick persons that are not worried about inflation so much might be worried about financial instability issues some do extended periods of lower interest

entirely know who's who's going to fill the slots for example we do think that there's a good chance stanley fischer is going to be nominated hero and it's up to two to one of the slots and i think that he would find that his. policy stance is really to have lee well in line with earth and so what it really comes down to dollars is to what extent is the president pick. up. members that are shown are only in line with janet yellen thinking or the divorce thinking in general and as long as he continues to pick members that are generally in in that vein they wanted to see a large change in in the composition of the policy making behavior the followers are so if the share is nominated you expect that we'll see more of the same is that we're saying. pay that ok yes now could be see it potentially be felled by hawks. there's always that chance and i think though that we're we could see them fall by hock so to speak is to what extent they get filled by persons that are worried about inflation so much might be worried about financial instability issues some do extended periods of low interest rates contribu

entirely know who's who's going to fill the slots for example we do think that there's a good chance stanley fischer is going to be nominated hero and accepted two to one of the slots and i think that he would find that his. policy stance is really to have lee well in line with earth and so what it really comes down to though is is to what extent is the president pick. members that are generally in line with janet yellen thinking or that the boards think in general and as long as he continues to pick members that are generally in in that vein then when it see a large change in in the composition of the policy making behavior the followers are so if a share is nominated you expect that we'll see more of the same is that we're saying through insisted pay that ok yes now could be see it potentially be felled by hawks. there is always that chance and i think though that we're we could see them fall by hock so to speak is to what extent they get filled a persons that won't be not worried about inflation so much might be worried about financial instability issues some do extended periods of low interest r

i assume stanley fischer will be there, maybe even janet yellen, all rise after what he has gone through of that, surely, there can be no doubt. to radio. we bid you farewell for the weekend. istina, what is on your agenda? >> i will be watching the car results from the auto industry, coming out through the morning. at the end of the day, we will get an aggregate number from the government. our own reporter matt miller i am sure will be all over this. it has been a banner year for the u.s. carmakers, and they will probably post some pretty strong results -- post some pretty strong results here. obviously we have -- >> they now call it mobile on wheels. >> what car will be the catalyst for auto sales? >> i don't know if it will be a catalyst for auto sales, but it will be very important for the mobileequal system -- ecosystem. >> one of the first things car buyers look at his technology of the car. what is on the screen, how does the ge it -- how does the gps work? was in arst time i tesla, i was blown away. amazing.is the screen is beautiful. >> it is like having a 55-inch tv in your car

do you acquire bonds today or do you wait for another event like stanley fischer? is very everybody is wondering when the knife is going to stop falling. whether the bottom is a few tens of basis points from here on the 10 year, i don't know -- >> what is your measure that says it is oversold? >> if you look at the supply and demand over the bonds out there. fed is unlikely to sell bonds, bank of japan looking at is unlikely to sell. they are likely to let these mature and portfolio. if you look at bonds in hard currency countries out there. are the ramifications of reduction of that bond funds? we make an inflammatory moment about it. what does it mean when there are redemptions, why is that a bad thing? >> it accelerates the same talk we had, creating less buy side interest and more falling knife concept. everybody assumes it is going to rotate into equities. >> do you? >> equities are so highly valued, it is hard to assume there will be more rotational -- >> where would the money go? >> cash is a wonderful place. >> hide under the desk. else? >> the president re

. >> the president will nominate stanley fischer, former governor of the bank of israel, as well as lael brainard, to the federal reserve board. also, re-nominating jerome powell to continue serving on the board of governors of the federal reserve. >> people were expecting these, but now chairman to the yellen has have people in place. good luck. the scandal that could ruin chris christie or help. we will hear both sides of the debate. companies headed out of the cities. we have detailers and a naysayer, coming up. escape from earth. the company will be supplying the international space station. look at this thing. ♪ >> this is "lunch money" on bloomberg television, streaming live on bloomberg.com, your tablet, and your smart phone. i am adam johnson. bridgegate, the scandal that made a new jersey governor chris christie apologize. >> i believe that all of the people who were affected by this conduct deserve this apology. that is why i am giving it to them. i also need to apologize to them for my failure as the governor of the state to understand the true nature of this problem sooner th

will nominate stanley fischer to be vice chairman of the federal reserve.ll replace net yellen, who was nominated to be president. current fed governor jerome powell is being nominated for a second term. new security concerns arising ahead of next month's winter olympics. russia says it is hunting for suspects in the murder of six people in a region near where the games will be held. islamicon suspects militants of staging the killings. is expected to announce a series of changes to u.s. surveillance policies starting next week. phil mattingly joins us now. proposed that a third party hold millions of phone records collected by the nsa. how much is that going to cost? >> this is a big issue, emily, of as you said, it is part 46 proposals by the president's own task force in the wake of the idea is that the nsa should not be holding the data. it should go to a third-party or two from carriers. dianne diane feinstein, chairman of the intelligence committee, said that would cost the phone carriers as much as $60 million a year and open them to an enormous amou

the president will nominate stanley fischer, former governor of the bank of israel, as well to the federald, reserve board. also, read nominating jerome powell to continue serving on the board of governors of the federal reserve. >> people were expecting these, but now chairman to the yellen has have people in place. good luck. the scandal that could ruin chris christie or help. we will hear both sides of the debate. companies headed out of the cities. we have detailers and a naysayer, coming up. escape from our. earth.pe from the company will be supplying the international space station. look at this thing. ♪ onthis is "lunch money" bloomberg television, streaming live on bloomberg.com, your tablet, and your smart phone. bridgegate, the scandal that made a new jersey governor chris christie apologize. >> i believe that all of the people who were affected by this conduct deserve this apology. that is why i am giving it to them. i also need to apologize to them for my failure as the governor understand the true nature of this problem sooner than i did. see receipt began in september when a m

boss and these are the stories we're tracking for you today first up president obama nominated stanley fischer to vice chair of the federal reserve well the pragmatic policy maker live up to his reputation will discuss and eve smith the brains behind the extremely popular financial blog naked capitalism dot com joins us live near our new york city studios to talk pre and post.

will nominate stanley fischer, the former governor of the bank of israel to be the vice chairman of theederal reserve. has hadmeone who experience on wall street. he is a citizen of israel and the united states. he is also someone very well- known to janet yellen but they have not always agreed on some policy so it will be interesting to watch this going forward. personminating the point brainardeasury, lael and jerome powell. h.w. bushe george administration. will yeahed they janet yellen -- at janet yellen's side. d.c. but staying with the regulatory thing, the trialm -- insider trading of matthew martoma. his attorney argued this will hurt his defense. su keenan has more. the jury will hear that he was kicked out of school for faking grades. >> apparently has. these are devastating details for defense against cheating. lawyers vigorously fought to keep jurors and the public from hearing information in the sealed documents that they claim -- have grossly prejudicial information. at is painting mr. martoma in liar and the eyes of the jury. prosecutors claim he was engaged trading most

perhaps the most important person by far on the list would be the number two at the fed, stanley fischer, the governor of the bank of israel. this is the guy who taught ben bernanke. a superstar. withs not always agreed janet yellen on policy issues, but she pushed him to consider the jobs. that is according to my colleague julianna goldman at the white house. lael eing considered brainard. she is being nominated to serve as a governor. has beene powell, also in wall street and the private equity business. these three will get to negotiate the fed exit strategy right as janet yellen decides this is an important decision. look for the administration to push hard for these folks to be confirmed wigley, particularly fischer. confirmed quickly, particularly fischer. this, josephscuss mcalinden. he is the founder of. also with this, ed fleischman, the ceo of execu-search. -- he is the founder of catalpa capital. >> the jobs report is all about the weather, weather, weather. it gives no indication of the underlying economy. if you look at the isn report, the unemployment line item is the highe

asked about stanley fischer and his work in 1997- 1998. all the research notes talks about canaries spread around the world in the coal mines of the world and there is a contagion. does your study of the linkage of finance to market turmoil -- is what we are seeing link into a larger crisis? >> it definitely can. at some point, there will be a change from the vladimir putin control over russia. is living on the brink of crisis on multiple peripheries. the latest one is a macro economic -- not crisis -- but the early signs of something to come. if you have this spike, these are things that topple governments. russia in 1998 was a. of immense turmoil and led directly to vladimir putin's ascension to power. >> you see that in argentina with the government there. we will talk about this throughout "bloomberg surveillance." with targetarting narrowing in on the big breach of data. it says hacker stole of vendors credentials which were used to gain access to their system. personal data for as many 70 million people may have been stolen. they say

bust and because of the stories we're tracking for you today first up president obama nominated stanley fischer to vice chair of the federal reserve will the pragmatic policy maker live up to his reputation will discuss and eve smith the brains behind the extremely popular financial blog naked capitalism dot com joins us live near our new york city studios to talk pre and post financial meltdown. and later on in the show we introduce a totally totally new segment here on room but designed for you the viewer in the driver's seat you won't want to miss it and it all starts right now.

policy for the u.s., but it should look more to the outside world, which is why maybe they have stanley fischerhe trajectory clear? we are going to gradual tapering. >> the tapering story will play out through this year. improves, it is possible that the $10 billion per could turn into 15 or 20. we think they will be finished in september or october. 2015, theyll into will monitor how the economy is doing. we saw the gdp numbers out yesterday. again, they were strong. he had this kind of momentum in the u.s. it is possible that rate hikes ofe part in the early part 2015. >> you said you liked a lot of the u.s. equities. has anything changed? >> we have not changed. it is based on the fact that the u.s. economy continues to do well. it is outperforming. he has seen that in the currency markets as well. the dollar has performed very well. it is up more than anything this year except the yen. it is based on the solid momentum in the economy. we are sticking with that story. >> one of the things we discussed a lot in douglas -- in davos was complacency. you have been more cautious on europe. what e

many characteristics of a central bank that independent and more predictable policy when we have stanley fischer of yellen, experience, lots of it and the international view that requires international coordination. i believe the central bank is off the radar screen and we will be a positive force. gerri: jonathan, just to answer one idea which is really? it will be perfect? this and if you brought up bubble's what you think is a bubble right now? >> i think it is in bonds. 2013 great for stocks but terrible for bonds even without actual paper. investors lost more than 10 percent look what is happening now. reit, partnerships, preferredd3 stocks, interest-rate sensitive instruments are among the weakest that is a harbinger of the bond proxy's that people have been forced through the fed intervention. gerri: a great year the dow is up the nasdaq is up and get the first days of 2014 nothing to write home about negative across the board. david, where are we going? >> single-digit return 2014 includes dividends from the s&p. i see it as a single-digit number if we don't get a shock. it is a good cha

stanley fischer, the former government of the bank of israel, nominated to serve on our own federal reserved, said it could boost israel's gdp after peace, israel will enjoy richer economic benefit from relations with the gulf than it now enjoys with europe. imagine what that would mean for trade. stanley fischer, the former government of the bank of israel, nominated to serve on our own federal reserve board, said it could boost israel's gdp by as much as 6% a year. the jewish state of israel and the arab state of palestine can develop into an international hub for technology, trade, tourism. unbelievable tourism. the holy sites of the world, of the major three religions. this will invigorate a region. it is long past time that this ancient part of the world became known for what they can create, not for the conflicts that they can perpetuate. it is long past time that jerusalem, a crucible of the three great monotheistic religions, becomes known not as the object of struggle, but as the golden city of peace and unity, embodying the aspirations of israelis and palestinian's. after decades

as expected stanley fischer was nominated to replace janet yellen as vice chairman and treasury official lyle brain-dead getting tapped for an empty slot. jerome powell was not needed for a second term as state governor and those nominations will have to be conserved by the senate. ashley: more fall out from target's data breach, a to 17 million customers getting their information stolen, up from the original report of $40 million and it goes beyond credit and debit card numbers. the company says:they also now includes in jeans, e-mail addresses and phone numbers. targets as the hack affected other systems and the points of sales. the company would not provide more specific details to the fox business. target shares falling on the news down 1%. lori: stock alert, remember this one from yesterday? intercept pharmaceuticals another blockbuster day of trading, stock at 90 yesterday's game of 300% with the jump in the biotech company went from being a $1 billion company to having at evaluation of $5 billion. the move comes as the company reported its drug to treat river disease is effective.

president obama has tapped a former head of the bank of israel, stanley fischer -- to be vice chairman of the federal reserve. the nominee is currently a professor at m.i.t and holds dual citizenship in the u-s and israel. if confirmed by the senate, fischer will replace janet yellen, who's taking over as fed chair. a civil rights pioneer who helped spark sit-ins across the south, died overnight. in 1960, franklin mccain and three other black college students took seats at a segregated woolworth's lunch counter in greensboro, north carolina. they were denied service, but kept coming back, and the protests spread. in later years, mccain became a research chemist and sales executive. he was 73 years old. still to come on the "newshour"... today's lackluster jobs report... the chemical spill that led to a water crisis in west virginia. mark shields and david brooks on the week's news... plus, the library of congress's new ambassador of young people's literature. >> woodruff: today's jobs report was surprising, and by most accounts, disappointing. it renewed concerns about the strength of

. >> we frame this with stanley fischer. front and center.ith you reading over the weekend, do you equate this time in 2014 anything like what we saw in 1997 and 1998? >> you had a whole region at that point that was out of balance. foreign exchange reserves very small. the whole region -- >> there is one element that the wholeate clearly emerging-market asset class from what we've seen in the past. it is the newly developed ability of government for -- governments to finance in their own currency. a very powerful concept that has changed the whole landscape. >> a critical question. we have talked to a number of people about this. do you at black change or investment strategy based on the unrest and fear going over? >> what is going on in global portfolios is they are starting to look into emerging markets as part of the composition of global fixed income. now there are people in the u.s. looking in detail at emerging markets and trying to take advantage of these that we talked about. theou have talked about fact that these markets have been

. >> some say why stanley fischer is being put on the board.s a great advocate of the economics of gdp. benefits, thee real benefits, the efficacy of qe. we are in a different paradigm. we are going to get the growth numbers. some of the numbers are getting better. company spending. it was tough in december. we will wait and see. there was an irish saying. me, myself and i. >> it will be a battle of the central banks. manus, thank you. >> let's talk about those central banks. turkey is center stage. an emergency, late-night meeting. an incredibly volatile lira. they assess what is next. >> they hiked rates aggressively. the biggest hike in the last five years. a massive turnaround. check out the charts on dollar- lira. they can only buy a nine hour reprieve for the turkish lira. what the daily -- do they do next? if these moves hold and the turkish lira continues to weaken -- you have got to say, what can they do next? politically, it would be very hard. >> a country with a huge current account deficit. south africa, the next in the firing line

it is possible, he says, is that stanley fischer is looking to push a trusted deputy into that slot. crucial void that the fed, where they lack significant market experience. does have that macro role that is so essential in that market experience. >> the interesting thing is he would not have to go ahead of time. some people are promoting him for president of egypt. it must be nice to have those kinds of choices. be possible that he wants his own operation. in davos, are- people talking about it? >> there was a good feeling for him. the real issue, to be blunt, was would he push out or not? then the idea of going forward, yes. when people asked me to we is -- he is the number one guy on theory, practicing economic gain. like no one else. i am sure there will be a place for him in the coming months. >> i am sure he will not have any trouble finding gainful employment. my agenda this morning cannot be avoided. back.nter weather is storms have stopped, the cold is here. taking windchill into account, tenant -- 10 degrees below zero. mess.mmute is a the good news is we will get more sno

coming up, how would janet yellen and stanley fischer steer the economy?one. ♪ morning, everyone. "in the loop," with betty liu, she joins us this morning. >> we have a very special guest host this morning. -- bob, the cio of aig. he has taken a pitch over the last several months. theill talk about not only operations of the company, but his thoughts on the fed, the economy, and jobs as well. , in the loop.g it is an earnings calendar with we have to do bank of america, they reported earnings of the top of the hour, 2.25% this morning, revenue beating analyst estimates, taking a big pretax litigation expense. some see that is smaller than anticipated. we should also mention that the net interest margins at bank of america are coming in higher than anticipated, two .56% as interest rates increased. >> three dollars $.59, why did you not tell me to buy? >> the same reason i did not tell you to buy that biotech stock. >> four to 17? >> for the rest of the week we have more banks reporting. tomorrow we have blackrock and citigroup announcing fourth- quarter re

the name that really has generated the most interest is stanley fischer.e was governor of the bank of israel and is an interesting choice. , given his history and his close ties to janet yellen and his prominence within the world of international central banking taking on the number two job. has been one of the lead players in the administration on international issues and it is quite likely she would take on the same role if confirmed by the u.s. senate and this role at the federal reserve. it is a different role for her. had a lot of experience in terms of budget issues and has worked in the private equity world. streeted with wall expressed on these are three familiar faces to people in washington. they are the folks that the president is sending up to complement the vacancies at the federal reserve board. this will be the team sitting around the table with janet yellen as she carries out her duties as chairman going forward. icks one of these tax p -- as interest. there is something missing -- there is no one with community banking experience and that

president obama nominating stanley fischer to be vice chairman of the national reserve thplacing janetl and longtime professor at mit. one of his students, ben bernanke. it all comes together. that is the latest from the fox business network, giving you the power to prosper. dennis: from carlos danger to legal pot, spirit airlines knows a good meme is a terrible thing to waste. spirit airlines ceo joins me now. thank you for being with us, we appreciate it. i want to run through three ads that you ran. look at this one on weiner. carlos danger, the weiner rises again. and you have another one on the secret service scandal, more bang for the buck. and hot, no smoking sign is off. is your marketing department high? >> our marketing department is brilliant. when we pai pay her a really low ticket price with a topical and hopefully funny kind of had, that makes for a really powerful marketing platform. dennis: how do you metric whether it is working, what numbers you can site? >> we know our normal sales figures ever know what happens after we run sales, so we measure the metrics very care

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