steve marshall, appreciate it. thank you for explaining this to us. >> thanks, john. >> joining us now is former american airlines pilot jay rollins. welcome. >> thank you. >> based on everything you have heard over the last 24 hours, give me your assessment. what does this location tell us, if anything? >> well, i think it sort of shifts the weight because in the original scenario that there were hijackers involved or the pilots wanted to commit suicide - that made sense as long as you are talking about staying near populated area to either commit suicide or some sort of hari kari, or to fly off to the north-west to hostile territory, so to speak, in order to hide the plan and use it for later use. to go to the south - there's nothing down there. then one has to take into account that maybe there was mechanical failure, that perhaps the autopilot did this, and everyone was dead on board. >> so the autopilot could have taken it that far? >> absolutely. the reports have come out that the pilots inputted a short rout

steve: i can't do it. i can't wait any longer. >> jimmy: the jeans aisle of marshall's. this one's weird. s from @hannaheve. she says, "after the breakup, he said he was finished dating and he wanted to live his life alone like his great aunt did." [ laughter ] >> steve: what? >> jimmy: weird people, man. >> steve: he's lucky. >> jimmy: my great aunt edna. >> steve: she lived alone for 30 years in a manse on a hill. >> jimmy: she had the best life ever. she would go up and down the stairs. >> steve: beep, beep, beep, beep. [ laughter ] she had 3,000 cats. [ laughter ] stacks of national geographics as high as your head. [ laughter ] we found her corpse. [ laughter ] >> jimmy: she was -- >> steve: we hadn't heard from her in two years. by the time we showed up, there was a house full of thousands of fat cats. i won't describe the rest. >> jimmy: one of them learned how to open the fridge. i didn't believe that a cat could do that. >> steve: made a casserole. it was spectacular. tater tots on top. [ talking over each other ] >> jimmy: there i was, sitting with a bunch of cats. someone should

russia invaded georgia when national security adviser steve hadley was there, they didn't stop him. marshals declared in poland in 1981 when ronald reagan was in the white house. and despite all their efforts, they couldn't stop that. >> eventually they did. eventually reagan did with some help from ms. thatcher and pope john paul. i just want to --ç >> it took eight years after marshal law. >> i understand. i want to get mr. hadley in before we leave. i wanted you to rebut because this is a charge -- in my opinion, sir, and i'm a novice at this game -- vladimir putin is the enemy right now. president obama is not. that's just my view. on that point, but mr. hadley, was the russian reset a good or bad idea at the time? do you think it's helped or hurt our relationship? >> one, i think we ought to be rallying behind president obama. this is a difficult crisis. and i hope that on a bipartisan basis the congress will come around and support what he's trying to do. secondly, michael's right. there were benefits from the reset. but i think we take some responsibility here. i think the bush admi

steve ganyard was really talking early on about how the malaysian government, the other countries wanted to take a bigger role. and now that we're seeing that, we're getting some results. >> we're seeing those resources now marshaled and brought to bear. >>> other developments in ukraine. breaking news from the showdown there, overnight pro-russian forces released a ukrainian navy commander they had taken prisoner but that is doing little to ease tensions there. ukraine is evacuating troops from the crimea region which is now firmly in russia's hands. clocks are even being turned, in fact, to moscow time. and in a new interview, president obama has ruled out u.s. military intervention saying that nobody wants to trigger war with russia. >>> and some surprising testimony here in new york from osama bin laden's son-in-law. he took the stand at his terrorism trial and admitted that he was called to bin laden's cave after the attacks of september 11th, 2001 but sulaiman abu ghaith denied being al qaeda's spokesperson and said he warned his father-in-law that the u.s. would hunt him down and kill him. >>> and overnight, police here in new york confirmed that a teenager has been arrested for breaking into the new world

steve. thank you very much. joining us now for perspective on the market's reaction to yellen's news conference is michael farr, he is president of farr, miller and washington. we also have eric marshallportfolio manager of hodges funds in dallas. did you hear anything that changed your mind about when the fed would be raising rates yesterday and did you do anything different with your portfolio as a result? >> i tended to agree with steve. i thought he was pretty much right on. the thing that got me was the shift to the qualitative language. if you looked at his numbers for the predictions of when rates might hike, there was only about 20%, 23% for the first half of 2015, which means 75% or more think that it's going to be second half or later or even into 2016. i don't think that changed. this shift to a qualitative kind of squishy confused number of what they're going to mean by an employment target, i think added a whole lot of dovish room. it gave them room to say, we're not really worried about the empirical precision here. we've got this general sort of thing we're going to go for, and it lets them ease. so we didn't change yesterday, but i'm still looking for opportunities to