joining us this morning, we have steve bell, senior director of economic policy, policy center, laura peterson, senior policy analyst, taxpayera pollack, senior policy analyst, the economic policy institute. our moderator for this morning's panel is jim tankersley, the economics correspondent for national journal. jim joined us from the tribune washington bureau where he covered energy, the environment and politics for newspapers, including the "los angeles times" and the "chicago tribune." he previously worked at "the toledo blade" and "the rocky mountain news" and "the oregonian." mr. tankersley and a colleague at the blade won the 2007 livingston award for their business as usual series of stories revealing the true roots of ohio's economic decline. he was part of the coingate people that was a finalist for the pulitzer prize. jim? >> thank you so much. thank you all for sticking around. i'm a numbers nerd myself, and have been delighted with the amount of numbers so far this morning. but i want to start without numbers and start with some raw politics. we just heard a lot of theor

joining us this morning we have steve bell, senior director of economic policy, the bipartisan policy center. lora peterson, senior policy analyst, taxpayers for common sense and ethan polec, senior policy analyst, the economic policy institute. our moderator for this morning's panel is jim tankersly, the economics correspondent for "national journal." jim joined us from the tribune washington bureau covering energy, environment and politics for newspapers including the "los angeles times" and the "chicago tribune," previously worked at the "to lead ledo bla" he won the 2007 livingston award for young journeyists of stories revealing the true roots of ohio's economic decline and part of the coingate team at the toledo blade, a finalist for the pulitzer prize. jim? >> thank you so much. thank you all for sticking around. i'm a numbers nerd myself, and i've been delighted with the amount of numbers so far. but i want to start without numbers and start with raw numbers. how numbers and how we should do this, 5 trillion here, 4 trillion there. let's talk about what's going to happen. righ

in the "closing bell" exchange, bob pisani, steve liesman -- >> look at simon's face. >> and we're going to start with simon. a took a frenchman at the ecb to begin this rally when he suggested the obvious, the ecb could buy bonds. >> was it obvious? the last time marrow was up at the ecb news conference, he was suggesting that the recent fallout that we had on spanish yields had more to do with what the politicians were doing and benoit said the politicians were doing the right thing and the market wasn't really understanding that. in other words, there was a market inefficiency. the sort of inefficiency for which the ecb may have to blow through and buy spanish bonds again. that was enough for people to feel -- look, we don't have to wait. spanish growth or spanish austerity, there is in addition to whatever firewall we could put up there, there is always the prospect that the ecb could buy bonds. they were up there yesterday and, guys, as you know, they came back down and quite a solid rally on the european banks today although to a certain extent they did sell into that. >> and that

does the chewing gum lose its flavor on the bed post overnight ♪ [ cheers and applause ] >> steve: he just belleeds plants and preven weeds for up to three months. so my plants grow bigger, more beautiful, without all thweeds. guaranteed. [ cellphone rings ] with miracle-gro shake 'n feed, anyone can have a green thumb. [ cellphone rings ] everyonews with miracle-gr is this where we're at now? we just eat whatever tastes good? like these sweet honey clusters... actually there's a half a day's worth of fiber in every ... why stop at cereal? bring on the pork chops and the hot fudge. fantastic. are you done sweetie? yea [ male announcer ] fiber one. let's see what you got. rv -- covered. why would you pay for a hotel? i never do. motorcycles -- check. atv. i ride those. do you? no. boat. house. hello, dear. hello. hello. oh! check it -- [ loud r&b on car radio ] i'm going on break! the more you bundle, the more you save. now, that's progressive. >> gretchen: tomorrow, dick morris, ohio governor john kasich and dr. keith ablow dip noose his mail bag to tell you if you're normal or not. >> brian: o

bell. maria takes it from here again. the exclusive interview with steve forbes coming up on the second hour of the bell. >> it's 4:00 on wall street. do you know where your money is? i'm on the floor of the new york stock exchange as we follow the close this monday afternoon on wall street. market down for a fourth session in a row. disappointing employment report on friday. two of wall street's top strategists explain how to protect your portfolio from the market correction. plus, break down the sector most vulnerable for what is expected to be a lackluster profit report when the earning season kicks off tomorrow. er with looking at under 1%. facebook sealed its largest ever acquisition today, purchasing insta gram for $1 million. thoughts over whether facebook overpaid on the program. how we finished wall street, the worst levels of the session, had been down close to 160. er with finishing below 1%. volume, light on this easter monday. europe of course, closed. volume about 629 million shares here at the big board. nasdaq, one of the leading sectors wi

steves belt. >> reporter: 97 years since it was hoisted, the stephens bell is at the university. >> i think the campus will appreciate it. >> reporter: built in 1915 by a company. the bronze bell needed a complete overhaul. >> i had from all over the united states and revamped them, cleaned and polished them and then sent them back. >> reporter: the bill looks classic, but it's more modern. an electronic clapper makes different tones. >> we could make it for 9/11, anything you want to. >> beautiful. that bell should be in full service next week. >>> michael phelps. the baltimore native spoke at the count down to gold event at the stadium that honors athletes that qualify for the olympic trial. phelps said he's excited for another olympic run. >> i'm very excited for what's going to come and i'm excited to be back in the water and actually being at work. i think that's something that hasn't happened over the last couple of years. >> the north baltimoreians had a few who earned medals. >>> baltimore area teens take in life lessons from some pretty unique teachers. several u.s. navy seals spoke at

steve. >>> i am just exchanging tweets and charleston bell, what do you think about -- charles bell, what do you think about the coast, by the coast we are doing a lot of fog and on shore breeze, upper 50s for some, there is just too much fog out there, it is showing a pretty good warmup away from the coast. now tomorrow there are signs there will be less but sunny away, it is a describe pattern and still a ways off. west 12 at fso and augusta 29- mile-per-hour. 50s on the temperatures, santa rosa and 52, 40s are gone here at least for most and a lot of 50s indicating 70s and upper 50s. you can see the high pressure system once it deepens it is firing up the high ridge of high pressure and we are losing a lot of clouds but the warmer weather is for those bayside and inland. capitoa will be warm and a half moon bay, pacifica, it will be tough, clear lake ukiah san rafael walnut creek, there is an 80 san leandro 68 and a lot of that low clouds and fog upper 70s on the santa clara valley and i did go 74. 62 for half-moon bay, 67 for san bruno and 75 redwood city. it will be warmer for everyb

>> joining us is web bush securities and give me an overall picture, steve, as we look at these results after the bell. are we going to see a continuation of the trade down or the better economic data that we've seen lately, is that going to hurt these restaurant chains? >> i think it's going to be a mixed bag. what we're seeing in our data with consumers, here in the u.s. specifically, is an acceleration of the tradedowns, especially as unemployment rates are still very high and we've seen gasoline approaching 4 clarz. we would definitely see the acceleration in that trade down. that might be good news for the u.s., finally, and as you mentioned, it's all about china and how that is a slow down going to affect the consumer there. we've never seen that before but who knows as we go forward. >> nick, michelle mentioned that they are tailoring the taco bell and pizza hut brands to china. what are they doing? what are they doing to make it more appealing to the chinese consumers? >> well, the biggest brand there is kfc. it's really driven by the chicken product and they are now moving into india as well

bell with this "sportscenter" update. the jazz looki to clinch the nal spot in the western confce ayoffs. taking on stevee suns. su down by six. milsapith the jam. nash, to ward for the jam. suns down by six. later on, down by three. and nash, so good. i've been doing this for years. floater the lane is good. had 14 points an 11 assists. fourth quarter we go. sebastian telfair. had thopen floor. he went t the line and made it out. so, the jazz up byone. devin harris, now, straightaway three. nobody ihis face. jazz up by four. later on, milsap, fouled on the play. jazz up by seven on the line. up by five. al jefferson spinning on gortat. jazz go on to win and clinch the final spot in the west. >>> yankees and rangers. darvish, the rookie, getting the start. darvish striking out alex rodriguez. p three, bases loaded. curtis granderson, he's just looking. next batter,a-rod. groundg into a double-play, with bases loaded. the 25-year-old rookie out of a ja bottom of the third now. 1-0, rangers. with a runner on second. it's josh hamilton he's thinking outside of the batter box. top of the seventh,ack b to dar

. >> also steve capus, the president of our news division. and they pick our pal, jim bell>> there's jim bell! >> yes, indeed. >> he's our fearless leader. congratulations. >> we always use that picture of jim. he likes it. >> you went to -- no picture from the event the other night? >> i was there -- there were no pictures. i was there and none of them were there. i ended up showing up and no one else did. >> you know who's here? >> bobbie thomas. >> how are the wedding plans going, bridezilla? >> i don't know. ask the hoda. we talked about cat eyes earlier this week. we didn't get to brittany but we will today. it is all about lashing out. there are a few new inventions you should know about. there is a brand-new products you can get at salons done professional, called cry baby mascara. it is semi-permanent and lasted up to two weeks. for two weeks you can have mascara that looks like that. >> that's amazing. >> it starts about $25 and up. you can go to crybabymascara.com. we have all been raving about this new mascara here behind the scenes at "today." it is called they'

as steve handelsman shows us, it was not pretty. >> stock prices fell at the opening bell, reaction to the bad news on good friday. hiring down in march, after three months of record growth. gasoline across upper cut to $3.96 nationally. this was chicago, even higher prices. bad political news for barack obama. but he got a break today, as the president enjoyed the threat the white house, his political opponents took the day off. mitt romney posted a family's direct vote, but tomorrow romney is still saddled with santorum. the port -- former pennsylvania senator has been caring for his daughter who is ill. he has new hope into big primaries. >> we have to do well in pennsylvania. also texas, you heard about the movement afoot over the weekend that texas could be winner-take- all by simple majority. we could have 155 delegates just overnight right there. >> the texas primary is not until may 29. while romney in santorum babylon, president is about to get hammered by a feared republican operative, karl rove and his american crossroads super pac it is while romney and a santorum battle on

steve jobs, and the rest is history there. but it's ancient history, 1979. in the years since parc and other corporate labs, bell, hp, have continued to create. here's a parc scientist working on water purification. but corporate labs have lost some of the gee whiz of decades past. now, make no mistake. discoveries are being made, and many of those discoveries quietly find their way into other companies' products. >> this is the new macbook air. >> but in a world where the game "draw something" is worth a billion dollars and a photo app worth another billion more, corporate labs find themselves competing for both attention and talent. dr. steven hoover is head of palo alto research center, or parc. just celebrated his first year at the helm. parc will celebrate ten years as an independent company later this month, spun off from xerox. joined by farhad manjoo of "fast company" and "slate" and eric savitz of "forbes." so if one of your scientists had created draw something, you could have booked a billion dollars in revenue. none of your scientists i assume are working on draw something. was it a bit disheartening

steve young told me when you play for mike shanahan, he's going to kill you on the detail. >> reporter: he better know his stuff. jared bella today, nfl writer. thank you. we appreciate your time. we are live in new york city just outside radio city. draft day goes on tomorrow and saturday. let's go out to kristen who is live at redskins park where mike shanahan has some plans in the works for rg3 as we just heard. >> reporter: yes, derek. you did. shanahan said tonight he has been excited about rg3 since march 13th when they were able to trade up to st. louis and get the second pick in the draft. he spent about a month looking over all of the film from rg3's career. was impressed then. and even more so when he got to spend a few hours with the kid. so now that they have their quarterback, though, shanahan does realize there is still a lot more work to be done. >> he has you look for in a quarterback. hopefully we can get the supporting cast around him and start playing very well as a football team and give him a chance to do some special things. >> reporter: and rg3 will officially be announced to the washington media on

bell ringer. joining us, renowned columnist and author of the aformentioned atlanta article steve march along withd to come to dispute the asser tagss of the article. the author of "going solo" and the surprising appeal of going along. steven, before we get into this, walk us tloo the basis of your analysis, yeah? >> the basis of my analysis is basic twloi movements that i identify as happening at the same time. one of them is this rise in loneliness, which i think is eric's biggest disagreement with me. and then the other is the incredible interconnectedness which we have. and i was just trying to understand from -- i'm not really a specialist. i'm more an essayist. i was trying to understand these two emotions as they seem to contradictory, yet happen over the same period of time. >> i read that and listen to that, and i can see what steven is talking about anecdotely where there is a sense of connection. at the same time an incredible sense of isolation, occurring simultaneous simultaneously, because the connection is less belly to belly, and more in the ambient space. i'm interested to hear yo

and if you didn't get that bell going i wanted to make sure you saw this is the great cartoon someone came up with for our guest the steve king superhero version and again i was the economist and professor steve king. all right let's wind down with or appen it up with loose change i have to meet shannon to talk about this story ok j.p. morgan too big to fail j.p. morgan we talk about them a lot of pay they've agreed to pay a twenty million dollars fine to settle regulatory allegations that the bank mishandled customer funds over twenty two months until a financial broker filed for bankruptcy court protection. the new if that money was not money that should be touchy to pay back the credit on your question from day one of the all of us have very strong suspicions nothing's happened since then your money is it your working. here's the thing that was stanley hard he was a guest on our show talking about j.p. morgan's suspected role in the m.f. global fiasco but i'm a global customers like him and the ones that he is fighting for to get their money back ok people who have lost their money in the firm's bankruptcy the funny t

steve kroft. >> i'm lesley stahl. >> i'm morley safer. >> i'm bob simon. >> i'm lara logan. >> i'm scott pelley. those stories tonight on "60 minutes." ( bellging ) everything that i've gained in life has been because of the teachers and the education that i had. they're just part of who i am. teaching is the most important profession we have. we all go through a stage in our life where we'd like to do something important, and i was given the tools to do that. 'cause i was fortunate enough to have some great math teachers that were incredibly inspiring. he told us all about how mountains form and rivers she'd convinced me that there was no limit to what we could learn. i don't think i'd be here today had i not had a wonderful science teacher. ms. moseo was her name. dr. gilmore. i mean, he could teach. he would never give up on any of us. a teacher can make a huge difference in a child's life. she had a big impact on me in applying engineering skill sets to make a better world. she was very inspiring for me. she made learning, of all things calculus, fun. i learned a lot from her, not just about math but about life. hello mrs. quinn, and th

as steve handelsman reports, it could shape what happens next on the presidential campaign trail. >> reporter: stock prices fell at the opening bell, a reaction to the bad news on good friday. hiring down in march after three months of record growth. and gasoline is up to $3.96 nationally. this for chicago. even higher prices. bad political news for barack obama. but he got a break today. as the president enjoyed kids at the white house for easter. his political opponents took the day off. mitt romney posted a family easter egg photo. but tomorrow romney can't devote all his energy to the president and the economy because he is still saddled with santorum. and the former pennsylvania senator also on a break caring for his daughter bella who has been ill has new hope in two big primaries. >> we've got to do well in pennsylvania. we need to win that state. but also texas. you heard about the movement afoot over the weekend that actually texas could be winner take all. if that becomes the case we could have 150 delegates just overnight. >> and the texas primary is not until may 29th but while romney and santorum battle on, the presid

bell. continuing that slide today. norfolk southern. >> shipping those cigarettes that i've never smoked in my life there, steve cortes.s city. all-time high in ksu. time to take money off. >> gmc popping 11%. doc. >> very strong move. great earnings blowout and nice guidance. shows the consumers are out spending. very nice move out of gmc today. >> back in a couple on the other side of the break. final trades from the halftime team. what the world wants to know and share is here. demand media expands on the big board. the teacher that comes to mind for me is my high school math teacher, dr. gilmore. i mean he could teach. he was there for us, even if we needed him in college. you could call him, you had his phone number. he was just focused on making sure we were gonna be successful. he would never give up on any of us. yeah, scott. i was just about to use... that's a bunch of ground-up paper, lad! scotts ez seed absorbs and holds water better. it's guaranteed to grow grass anywhere, even if you miss a day of watering. [ scott ] seed your lawn. seed it! ♪ ( whirring and crackling sounds ) man: assembly lines that fix

steve jobs of retail. the stock, is it still a buy without him at the helm? watch kudlow report next. >>> amazon huge after the bell. i was surprised. took my breath away. fantastic. on the other hand, the stock i have on the sell block, mdrx, all scripts cut in half. that is not a two for one split. that is an actual horrible earnings report. i like to say there's always a bull market somewhere. i'm jim cramer, "mad money". see you tomorrow. what are you looking at? >> our stocks and inflation hedge, is that the market's message? good evening. i'm larry kudlow. this is "the kudlow report." we are coming to you tonight from washington d.c. first, in the midst of growing scandals, republicans question the leadership of an awl president. the president then slow jamming on late night tv. the economy is slow jamming on sxwrob jobless claims. house speaker john boehner called on the president to repay millions of campaign funds. >> this is the biggest job in the world, and i have never seen a president make it smaller. the president keeps attempting to invent these fake fights because he doesn't have a record of success

bell. a little earlier we told you about the plays if apple hits. what about the play if apple misses the numbers? stevecapital and a cnbc contributor is with us. steve, what do you think? >> i think it's kind of obvious as we see it today. telephone came out. big t. reported a really good quarter. verizon good quarter. they benefit no matter whose phones they sell. actually benefit more if they sell cheaper phones where the subsidies are less. over 5% yields. it would be a mistake not to own these stocks regardless. >> there you go. two cheers for at&t and verizon. >>> coming up, a stock to stay away from. we're talking about some of the biggest losers on the street. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... all ] i'm with sc

bell) >> judge jeanine: daryl parks represents trayvon martin's family. thank you for being with us this evening. >> thank you for having me. >> judge jeanine: all right. doctor steve salvatore just was remarking that the video that we have seen of george zimmerman as he comes out of the car with his behind his back in cuffs and the visual of him just doesn't appear to be traumatized or certainly not bloody is not inconsistent with a fight that might have occurred to the extent that zimmerman described it. does that make sense to you? >> well, it doesn't make sense. this particular video that we have seen we now know happened within 35 minutes of the actual events. as he gets out of the car no apparent distress whatsoever. we see him walking. his gait is normal. the guy looks just fine. i would think that is a person says he was beat ton almost unconsciousness, one step from needing diapers would be a lot worse off than what we see in the video, judge. >> judge jeanine: and i have to tell you i happen to agree with you on that. but there are doctors that say that this could be consistent. but, you know, one of the things that we do know, darryl, is that there was a

bell sounds. financial, technology, all of the groups under pressure today. >>> the layout which sectors can help check your portfolio, as fear once again, creeps back into this market. then steves says the federal reserve is doing more harm than good to the federal economy. he talks about what he thinks should be done in an inview the. >>> we want to hear you are view. send us a tweet at cnbc "closing bell." we will reveal your answers later on in the show. back in a moment. tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus - i can custom build my own screens tdd# 1-800-345-2550 or use predefined ones. tdd# 1-800-345-2550 and i can trade wherever i want, tdd# 1-800-345-2550 whenever i want. tdd# 1-800-345-2550 the kicker? tdd# 1-800-345-2550 i pay $8.95 a trade. tdd# 1-800-345-2550 that's a deal in any language. tdd# 1-800-345-2550 open an account tdd# 1-800-345-2550 and trade up to 6 months tdd# 1-800-345-2550 commission-free. tdd# 1-800-345-2550 call 1-866-393-6174. ♪ ♪ ♪ [ male announcer ] not eve

this is the bell on the cat. [ male announcer ] it's a network of possibilities -- helping you do what you do... even better. ♪ >>> let's work it around the horn. make our final trades now, stevenes. crude keeps going lower, started buying a couple weeks ago. i still think they look very attractive. >> mike murphy, what do you got? >> green briar. gbx. the company announced earnings this morning. earnings are solid. no exposure to coal. i think this company can rally a lot from here. >> j.j. >> idcc. we talked about the rally of patents. here's a company that tried to sell all theirsn

steve. thank you very much. turning out to be a very big day, as you know. even before apple after the bell last night.up down to the nasse doc. >> the stock has been weak ahead of its quarterly report. losing ground in nine of the past 10 sessions. even looking at the options activity on apple. that's indicating big moves in the stock. we're talking about the highest volatility in over a year in apple options. so that's something to keep in mind. they're expecting to react to apple's earnings reaction. and the guidance the company gives on how many ipad and iphones it expects to sell in 2012. that's certainly expected to be a focus. those are a list of some of the suppliers that apple has. >> brian sullivan has it all covered for us. >> i want to give you a little more coverage on radio shack. tandy just keeps getting worse. the stock not seen since 19d 81. >> you have to go back to the computer days. head winds probably just going to continue in large part because of the sprint problems. big lots. this stock has wiped out 10 bucks a share. >> i wanted to leave you with a positive, guys. a line techno