fiscal expansion big increase in wages and pensions we also had a big credit expansion with very strong growth in russia if you look at what russia can afford it grow the hand it can afford to pay or the other country could afford it but still growth slowed through the year despite this big expansion now i think that actually means that next year growth will be quite resilient because what happened i think is you had that sharp fall in the oil price back in the second quarter and that scared people but i thought you know second wave of the crisis is coming so savings that she went up last year even though unemployment went down and i think that companies ran down there in venture reason delayed investment because of political uncertainty because of this oil price shock but both of those things that increase in savings that run down of adventure ease actually means that next year consumption investment should be pretty resilient so i think growth will probably slow a little bit from last year because we're at full. past you know full employment manufacturing capacity pre-crisis levels bu

instance about the the orphan adoption law but fundamentally you know i think russia is in a very strong position at the moment i think it ran a fiscal surplus last year had a current account surplus of about five percent. it's got full employment in russian terms about five and a half percent last year was a bit disappointing we had a big fiscal expansion big increase in wages and pensions we also had a big credit expansion with very strong growth in russia similar but russia can afford to grow the hand it can afford if they are the other country could afford it but still growth slowed through the year despite this big expansion there i think that actually means that next year growth will be quite resilient because what happened i think is you have to show up for them all price back in the second quarter and that scared people they thought you know second wave of the crisis is coming so savings actually went up last year even though unemployment went down and i think that companies ran down their venture east and delayed investment because of political uncertainty because of this oil pr

strong gains, up 5.3% for the s&p.st one of its strongest januarys by historical standards. it's one of those signs that may point towards a better year. >> a lot riding on what happens today. so if the s&p mthd to book a gain by 5% by the end of play today for january, it means that 11 out of 12 times previously thattite done that, the market then has a double digit gain for the year. >> where do you think we're going to fall on this chart? i vote we're not going to to be on this at all. >> we will be at the lowest -- it will be the lowest double digit gain out of that record. >> okay. you are now on report, my friend. >>> and investors have found -- yeah. investors have found a bit of good news and bad news in facebook's fourth quarter earnings report. the highlight was strong growth in the company's mobile business. julia boorstin has broken down the numbers us. >>> facebook beat on the top and bottom line reporting earnings per share of 2 cents more than expected on 40% revenue of a year ago. ceo mark zuckerberg ki

that those very important community members who do so much to ensure that our communities remain strong and vibrant, those who are under served typically continue to be served that our communities are strengthened and our ties are bound and strong. so, in 2012, of this year, we are very lucky enough to have two very distinguished honorees for our distinguished service a word for the city and county of san francisco and the first person we will recognize tonight is vera noon tear if you can please u.s.a. plast she is the social director at the arab culture and community center and she helps hundreds of families in trans by providing social work service and is i know how important that work is and how difficult that work is and i can't thank you enough to ensure that all of our communities are cared for and ensure that all of our competency ask ins san francisco serve the arab and arab community know what to do when people walk through their doors so thank you so much vera. (applause). . >> thank you so much for your support san francisco we really appreciated it the arab community really

a strong russia or strong putin because of putin's gone you don't have a strong russia there's no one to replace him i mean you can't get anyone to someone who's going to i mean now i think it's really interesting is. very often we can look at reuters be able to bloomberg eccentrics address a sentence vladimir putin comma former k.g.b. agent comma now when i think back george bush sr he was head of the cia so have you ever seen george bush come a former head of the cia comma said today in texas i think the assumption is that let me put it is not necessarily a former k.g.b. . agent the job and he became president of the united states and. keeps his loyalty to his parent institutionalised that's how i would read this headline. is it because this negative branding that russia get it's because it just doesn't fall in line i mean we look at we look at the post cold war narrative you know the soviet union was defeated and the defeated must accept terms of surrender and the terms of surrender is become like us ok because if i think i look very back at this very carefully. let me put it was a

primarily because of strong whence, 40-50 miles an hour. >> that will do it.

the judge had strong words and that they failed in their duties. on count three, the judgeicalled his behavior in count 3 and asked him to empty the catheter and he said that john leopold was abusive and that his conduct was outrageous. and that date is not set and it's up to the judge to decide the penalty in this case. as far as the count five which card's penalty, he was found not guilty on that count. >> and what is he facing? >> that is up to the judge and there is no statutory number here and that card a prison sentence. >> and do we know the status as county executive? >> and he was asked if he would resign and he did not respond. we understand the county council is working on putting out a statement and we anticipate that they will either ask him to resign or make an effort on their own to remove him and we're waiting on that. >> and there is another big story. president obama diving into the new debate and declared the time is now and unveiled sweeping situations and to create a path to citizenship and upgrade current system in the u.s. >>

strong balance sheet you have a reform program and yet you know i find when i talk to investors. the world a significant proportion to the say to me things like russia is an investible you know russia is a place we don't want to invest and i think the thing that would really counteract that would be a launch a number of competitive. i think that what russia really lacks given it's got such talented people such a big market it's been growing so fast it doesn't have a large enough population of dynamic firms firms such as you know make me to yandex that are creating new markets in russia and driving change there is going to those companies actually have a good reputation as a thing to take those you know there are success stories significances story there was a paper out recently on foreign direct investment in russia and although it's very low one of the lowest in the region per capita basis is also the most profitable so in a quite country to being non investable is actually one of the most profitable investments you can do in this form the equity markets and you know there are s

you can also not have a strong and stable defense without a strong and stable democracy. as we continue to confront strategic challenges and fiscal austerity, my hope for the future is that the sense of duty our service members and their families exhibit every day inspires the leaders of this nation to have the courage to do what is right to achieve the american dream, to give our children a better life, and to build a more secure future. >> thank you, mr. president. i'm honored by your trust and your confidence in me and not unmindful of the immense responsibilities that go with it. i want to also acknowledge my wife lillybeth, my son allen, and our son who is in chicago today, we hope, back attending his first day of classes at de paul university. to my friend leon panetta, thank you for your extraordinary service to our country. over so many years in so many capacities. you are one of the premier public servants of our time. to follow you at the department of defense will be a most challenging task, but i will try to live up to the standards that you, bob gates, and ot

i am privileged today to recognize a number of individuals who have been strong, strong advocates, people who have gone way beyond the duty but also deserving of recognition for all their advocacy work. the first person i would like to introduce is these year's recipient of the abolitionist the word for advocacy, staff attorney with with the asian pacific legal advocacy services, 2013 abolitionist awardee for advocacy, cindy lu. apl (applause) we also have someone whose services have been both exemplary and deserving of recognition. she is a founder and executive director of freedom house. she is the 2013 abolitionist award for providing exemplary services, -- em. (applause) we also together in collaboration with the status of women, with supervisors, department heads, the human rights commission we wanted to make sure that future generations of children are part of the solution. in that effort both in advocacy we have a strong, strong goal of educating our public and all the other kids and families in our city. this is a way of our quality of life, we cannot accept human trafficking. par

it was to show their strong women. certainly madonna personified that. >> definitely. >> was it actually madonna in in 1990, the blond ambition tour, but this was not the first time you had done these bras. there was a link with africa. did i get that right? >> i did not get the thing with africa. >> i thought that when we see -- >> yes, yes, 1985. the first corset dress, i did a collection. collections were big. it was a mix of difficulty. and the lingerie. one part was the lingerie. i did it i think in 1981. i came out with the collection in 1982. of course, i was inspired by my grandmother. but something else. musical. i saw a musical in new york. something like about the life of fellini. they made a movie of it -- only a few years ago, which was not so good, but the play was excellent. it was broadway. there was one scene where all the women were preparing themselves for the show. all in corset, like satin, salmon color. and i was fascinated with it. i enjoyed the show, but i was only thinking about that, i must sa

so, technically the market looks pretty strong. now the hope is, of course, that the weekend press cycle doesn't shift the subject perhaps back to the debt ceiling debate. so early on in trade today, we will see more follow-through from the strong wednesday-thursday trade, but perhaps expect a little bit of profit-taking in the last hour ahead of the weekend press cycle. > > what are you seeing as far as volume, and did growth in china have anything to do with this latest rally? > > right, no, absolutely. first and foremost, china. the chinese trade data from wednesday night into thursday morning was exceptionally strong, exceeding analysts' expectations by 50%. it suggests or gives the hint that perhaps the global and domestic economies are both a little bit stronger than what some of the data is perhaps suggesting. that would be welcome news for federal reserve policymakers. your second point, volumes - volumes have been very strong at the start of the new year. even the s&p futures for example, yesterday traded over 1.6 million

in that effort both in advocacy we have a strong, strong goal of educating our public and all the other kids and families in our city. this is a way of our quality of life, we cannot accept human trafficking. part of the way to do that is to have this be part of the kids education, and push strongly. the collaborative this year, allow the youth of san francisco to enter in a poster contest to provide artistic ability to the messaging of this really important movement. the 2013 poster contest winners i get to announce. i will begin with third-place winners. the third-place winner, first one eighth-grade student, from james brannan middle school. shelley lu (sounds like) apl(applause) also an eighth-grade student from james dunham as well, stella lee. thank you. apl(applause) (applause) to be an eighth-grader. the collaborative has chosen for the second place at 12 greater, from abraham lincoln high school. stephanie chung (applause) and then we have a number of first place winners. i'm sure this is all about collaboration, talking about it, what it means absorbing the purpose and working

. >> a strong cold front will be coming through tonight. there is the possibility of some severe weather later tonight. we could get some big thunderstorms rolling through. there is some patchy fog out there. it is not a widespread fog events. near 70 in southern maryland. a slight chance for a sprinkle today. strong thunderstorms are possible tonight. first we say good morning to kim. >> good morning. a bad situation is improving slightly on the capital beltway. you can see some backups from this big crash on the outer loop at 50. we have several lane closures and it is kind of a maess. expect some delays and traveling south towards d.c. this morning. 60 southbound near padonia. 55 near harford road. things are moving find on the inner and outer loops. same story on the west side. the inner and outer loops are looking good. that is the latest on traffic pulse 11. >> john leopold is suspended from his job as executive. >> he was convicted on two of the four misconduct charges he was facing. sarah sampson has more. >> the judge called leopol

one of our, one of our strong partnerships is with the police department. we kind of share responsibility for managing the public right-of-way and enforcement as you heard from mayor is absolutely a part of the strategy. so, it's a very important partnership for us and very glad to have the police department so ably represented here, but more importantly, on the task force and working with us every day. so, very happy to have one of the great leaders of the police department, deputy chief denise chef. >> it's a very tall man. good morning, i'm denise smith and i don't know how to work microphones. thank you. the men and women of san francisco police department are absolutely commit today working with our partners to make the walking, cycling and motoring public safer in our city. we commit to it every day, and based on information that mta has provide and had that we have from our collision data, we've launched a program called focus on the five. and for each of district stations we've provided them their five intersections or areas where they have the high

looking for heavy rain and strong winds. we're beginning to see thunderstorm warnings of our own and that is to our south. and let me start with sentinel radar. not much rain in the d.c. area and it's been to the north of us or to the west and it's continuing to move very rapidly from south to north and can you see what is going on around the region right now. i want to let you know we have a new flash flood warnings and starting with the severe thunderstorm warnings that popped up and it affects southwestern orange county and nelson county. those storms are moving east at 45 miles an hour and so we will watch those for heavy winds and a flash flood warning for a couple of areas, including faulkier, loudoun, warren and clark and portions the counties until 9:30. we have seen half rain and what we call training heavy bands of rain. in extreme western montgomery county and through loudoun county in particular, right around the leesberg area about an inch and a half of rain has fallen and you're going to get more and watch the

strong. we will see more clouds than anything else. today.aks of sunshine high temperatures today will be yesterday, 69. theirs has been a crash. we will go back to the newsroom. -- there has been a crash. the breaking news. is a mess. the east side of the beltway, huge problems. brianne carter is on the scene, on the outer loop of the beltway. what is the situation? >> this is a very active scene along the inner loop and outer loop of the beltway. look behind me. you can see the accident investigation continuing. been here on the hours.ore than two accident involving a fire truck. prince or discounted fire and along with a tractor- trailer. whend 2:45 this morning is it occurred. a fire truck was leaving the accident andher the station when was struck by a tractor- trailer. seven people have been taken to hospital. of them, including firefighters, transported to prince george's county. others as well. the fire truck, a tractor- trailer, and another vehicle involved. all three vehicles slippe

you obviously have very, very strong views and i know you reflect a lot of people out there who have strong views on this as well. >> thank you very much for giving me the opportunity to discuss it with you. >> i wanted to hear your views and now we heard them. appreciate it very much. >> thank you. >> steve toth from texas. by the way, i'm from upstate new york, myself. >>> a new cnn/"time"/orc poll shows more americans favor gun control. 55% say they're in favor of stricter laws. 44% are opposed. here's a further breakdown of the numbers. 37% say they strongly favor stricter gun laws. 18% moderately favor it. 17% moderately oppose them. 27% strongly oppose stricter gun laws. we also polled americans on the president's performance. 55% say they now approve of how president obama is handling his job. 43% disapprove. we also asked how vice president

we know what that means. >> which means to be strong. >> strong, yes. >> look how strong i am. >> reporter: dwight henry has a daughter about the same age as quvenzhane, and he treated her as his own. >> that was fun. do it again. >> your character wink is facing incredible hardships, and he needs to help his daughter, hush puppy, toughen up. >> come on! come on! let me have it! ahh! you the man. who the man? >> i'm the man. >> who the man? >> i'm the man! >> you get very tough. >> you have to understand, she's the most important person in the world to me. she doesn't have her mother. i'm all she has, and she's living in a region that's so dangerous. i know i'm dying. and in real life, if her father is dying, he's going to do everything in his power to make sure our children are okay when we are not here. >> she understands that he's saying that he's dying and everything is not going to happen the way you want it, it's just going to have to go the way the world wants it. >> reporter: that reality hits home when hush puppy faces saying goodbye to her dying father. >> when he dies, you're dy

alcoa posts a quarterly profit and says it's in strong shape to make money this year. alcoa c.e.o. klaus kleinfeld joins us for an exclusive interview. >> tom: good evening. i'm tom hudson. from record high unemployment in europe to political dysfunction here in the u.s., we'll talk about the biggest risks for global investors this year. >> susie: and can the man who rescued sears do it again? chairman eddie lampert tacks on c.e.o. duties at the struggling retailer. >> tom: that and more tonight on "n.b.r." >> susie: alcoa kicked off earnings season with a profit and better than expected revenues. the aluminum giant also said it expects global demand to rise by 7%. that's a slight pick up from last year. after the closing bell, alcoa said it earned six cents a share in the fourth quarter. that was right in line with analyst estimates. revenues came in stronger than expected at nearly $6 billion, but they were down a bit from a year ago. alcoa is the first dow component to report earnings, and the stock rose more than 1.5% in after hours trading. on wall street, worries about earnin

be strong. if we fix the radio, the beat goes on! oh, yeah! sweet! come on, everybody. let's... get up and move gotta move to feel alive ♪ ♪ get up, get up and move ♪ ♪ you gotta bop and groove all day long ♪ ♪ you gotta move your bod to keep it strong ♪ ♪ get up and move you gotta move to feel alive. ♪ (pants, barks) kid: word world! kids: word world! ♪ welcome to the place where words come alive ♪ kid: let's build a word. kids: word world. kid: word world. kids: ♪ jump to the beat ♪ ♪ clap your hands in the air ♪ kids: let's build a word! word world! kid: word world. ♪ we've got friends of every size ♪ ♪ building words before our eyes ♪ ♪ nothing's better than a letter ♪ ♪ they hold our world together ♪ ♪ with dog ♪ ♪ and sheep ♪ ♪ and duck ♪ ♪ and pig ♪ ♪ there's always a surprise! ♪ (barks) kids: word world! (croaks) (whimpers) (giggles) ♪ welcome to our world ♪ kids: word world! ♪ word world ♪ kids: word world! ♪ it's a beautiful world ♪ ♪ word world. ♪ kids: yay! narrator: early one afternoon in world world pig was getting ready to eat his favorite snack. cookies! narrator

extremely solid performance on the -- a strong performance on the cash generation side. good performance on the earnings and solid revenue. that's what you have to prepare for. you have the use every lever to make sure you have a strong balance sheet and that you can manage in a very, very fast section, and stay flexible. that's what our 60,000 employees in alcoa have shown. we are prepared to use the opportunities that come up. i hope there will be quite a number of opportunities. at the same time, we do it in a way we continue to have a strong balance sheet and continue to generate cash. >> susie: all right, talking about cash and your strong balance sheet, you have about $2 billion of cash. we hear a lot about how companies are sitting on a pile of cash and really not doing much with it. what can we expect alcoa to do with that $2 million, maybe not all of it, but some of it. >> we already are doing something. we are using opportunities. automotive we talked about. in general, that is exciting. specifically for an aluminum company is exciting. because we see here in t

for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than anyone's words. iams. keep love strong. >>> i'm back now with milwaukee county sheriff david clarke and milwaukee mayor tom barrett. if you want to join the conversation tweet me @piersmorgan. i get frustrated with this because i don't think it's the job of the sheriff to be going on -- producing advertisements urging -- >> let me make a quick -- >> no, to effectively ignoring a first response call to the police. what is your reaction to what the sheriff was just saying? >> let me make a couple of quick points. the sheriff talked about furloughs. the police chief has ensured us there will be no reduction in coverage as a result of furloughs. we have three furlough day so we can make a pension payment of $29 million to our police and have no layoffs. second the sheriff said that he can respond to all calls in milwaukee county. he didn't say that

a line of strong storms is pushing across the south. we're getting new video and pictures into the live desk. take a look at this. here's a photo of a severely damaged three-story building in mt. juliette, tennessee. i believe we have the picture for you. it's following reports of a possible tornado touchdown. local police originally tweeted it out. we'll retweet it owe you can actually see it. this comes after more damage continues to come in. after a wave of possible twisters moved through. in nashville, 100-plus mile an hour winds went through there. they're having a rough time. angie goff, news 4. >>> 6:21 right now. that stuff is moving our way. we got to deal with -- deal with. i guess we don't have to deal with it. >> tom kierein here with the weather and traffic on the 1s. >> temperatures taunting us with a touch of spring yesterday. and it stayed fairly balmy overnight. starting off this wednesday morning, breaks in the clouds, temperatures, prince george's county near 60 degrees. montgomery county now the mid and upper 50s. al