still ahead, the c.e.o. of k.b. home talks about the challenges facing the housing recovery and the builder's efforts to boost sales through energy efficiency. >> susie: a strong defense of his budget today from president obama. he responded to criticism that he didn't make enough deep spending cuts. the president told reporters his plan, quote,"running up the credit card." le is confident republicans and democrats can agree on changes to he's confident republicans and democrats can agree on changes in social security and other programs, and he thinks investors and the markets want to shrink the deficit. >> if they see us chipping away at this problem in a serious way, even if we haven't solved 100% of it all in one fell swoop, then that will provide more confidence that washington can work. and more than anything, that's not just what the markets want; that's what the american people want. >> susie: but that's not how republican house budget committee chairman paul ryan sees it. ryan said the president hasn't shown

the sacred sports jersey. rick horrow is a sports business analyst and c.e.o. of horrow sports ventures. >> i will start by wishing you a a happy valentine's day. >> back to you. >> tom: let's talk about the sacred sports jersey. a new study finds the major professional leagues in the u.s. are leaving $370 million on the table by not taking corporate sponsors on their shirts is so let's talk about this. if it's off limits, does nike, does under-- armour do they lose. >> here's the bottom line that validates that number. the european soccer league, generated over $155 million in those 20 teams and fc barcelona just signed a deal with middle eastern an country qatar for 40 million a year so we understand there is significance dollars over there that ought to be tapped somewhere. >> tom: right now the only logos we see on these big jerseys the nike swish, maybe adidas could be there. nike in 2012 is due to be the official team jersey maker for the nfl assuminging there is a season. is this a big contract for nike? >> well, it is. if they will allow them to go beyon

complaint seeking to stop the deal on grounds that it violates the shareholder agreement earlier the c.e.o. of the british company said. it could include. their arctic project deal signed last month and robert dudley also said he is confident the standoff over the shares will be resolved soon. and the annual russia former is underway in moscow it's the fourth such event bringing together the business leaders investors and officials from all the world to discuss investment opportunities and russia and the c.i.s. this here the forum will focus on the global financial challenges and russia's changing economic situation well archies said richard today rejoins us now. live from the forum so in which way the forum started about an hour ago so what have the delegates been discussing so far. well the key question discussed today at the trucker dial of investment for here is who or watch will be driving global growth see there's a changing paradigm of global and russian economy and therefore the delegates are looking for new factors of sustainable economic growth one of the most debated sectors is

s duncan niederauer would be the c.e.o. of the powerhouse and reto francioni, the head of the deutsche exchange, would be chairman. joining us now with more, michael wong, financial services analyst at morningstar. hi, michael. >> hello, susie. >> susie: so does this combination make sense? why would these two giants want to do this deal? >> the merger pending potential merger makes sense, exchange mergers always make sense from a business standpoint. there's usually substantial expense synergies, revenue sinner swres and usually a strategic rationale behind them. that said, historicly when you look at mergers, they haven't made a lot sense from a financial point of view. it usually has come out that the acquirer has overpaid for the target. >> susie: what about for people who are buying and selling securities at these exchanges, what impact with a combination like this have on that investor? >> it's would probably be a good thing for the broker dealers that deal with the exchange. one of the major sources of an expense sinn

holds, it would take shares below the low last month, and back below the price they were at when the c.e.o. scandal broke in august. before the bell, markets were greeted with walmart's fourth quarter numbers, showing better than expected earnings, but that was thanks only to its international stores. u.s. same-store sales fell for the seventh straight quarter. consumer traffic actually dropped during the holidays. deutsche bank senior analyst bill dreher says there are no easy answers for walmart. >> we're very concerned that not only will the economic recovery be slow, but also walmart's ability to change their position will also take some time. we're similarly looking for same-store sales for u.s. stores to be flat to down this year again, after a disappointing year last year. >> tom: walmart fell 3% on the news. volume was twice normal. the sell-off brings the stock back to prices it saw for the better part of four months late last year. other retail earnings include macy's fourth quarter coming in a nickel better than estimates. its own house brands and exclusive merchandise got the c

with only three years to go now the game site and infrastructure are beginning to take shape now the c.e.o. of the organizing committee dimitri chernyshenko says that with new innovations in construction and environmental care the event will leave a long lasting legacy to the region and the whole country well that's in our interview coming up next. is that jessica thanks a lot for being with us today my pleasure right so three or so ago till the opening of two thousand and fourteen in sochi you said in one of your recent interviews that time is your main challenge how ready are you does this mean that maybe you're afraid that you're not going to be done in time you wrote we just in the middle for wonderful journey to deliver the most in a way to ever olympic and paralympic games which will celebrate this period when you more than russia through sustainable positive changes and interim will inspire the wall and we can all weakness now really positive changes in the region i can tell you that three years to the games away in the good shape way deliver and everything within budget and on time

caught up with the c.e.o. of the sochi two thousand and fourteen organizing committee. to get the latest on the build up to the interview is coming. mr chen the secret thanks a lot for being with us today my pleasure right so three or so ago till the opening of two thousand and fourteen in sochi you said in one of your recent interviews that time is your main challenge how ready are you does this mean that maybe you're afraid that you're not going to be done on time you wrote we just in the middle for wonderful journey to deliver the most in the way to ever olympic and paralympic games which will celebrate this period we knew more than russia through sustainable positive changes and we interim will inspire the wall and we can all weakness now really positive changes in the region i can tell you that three years to the games away in the good shape we deliver and everything within budget and on time so that will be prepared for the games at the highest possible level so you have test competitions going on in february on the slopes in sochi how do you think they're going t

that's an annual growth rate of 10%, well above the inflation rate. careerbuilber c.e.o. matt ferguson says they watch key areas of their business to gauge the success of the ad. >> we measure the impact, looking at job seekers and revenue from employers, and we see positive impacts on both those after each time we run the ads. >> reporter: on average, the site's job applications jump 25% in the month after a super bowl ad, and revenues pop 39% over its usual growth rate. admittedly, part of the aura of a super bowl ad is the free publicity surrounding it. as the game has grown in popularity, so have the ads. it used to be super bowl ads were tightly guarded secrets before the game, but no longer. so what can we expect from careerbuilder? >> instead of just being the focus of one event, we've understood that it is as much of the pull-through of the next weeks, next months versus that 30 seconds, 90 seconds, 60 seconds, how many ever spots you buy on that day. >> tom: and some companies buy more than one. despite the price tag, the commercial breaks between the plays have g

the c.e.o. calls it a great start to the new fiscal year. visa bucked the sector trend today coming into those numbers. shares were up 2%, but still well below their high of over $95 dollars per share last april. shares were down about 1% after hours. chief competitor mastercard releases its results tomorrow. share price moving fractionally higher. earlier data on holiday spending showed higher volumes, which analysts say is encouraging. shares remain below 52-week high. shares seeing some mild buying interest today. one area of concern for both is interchange fees-- what banks pay when accepting debit cards. new regulations limit those fees, and one worry is banks may discourage having consumers using debit cards. and that could pinch some of those processors. one bright spot was commercial property managers. c.b. richard ellis has earnings tomorrow. shares jumped 5% as volume tripled. this is a new 52-week high. volume tripled. it was helped by fellow commercial real estate manager jones lang lasalle. a 5% rally came as earnings were bette

only three years left to make all the preparations and all she's safe and now is it caught up with the c.e.o. the twenty fourteen organizing committee dmitri trenin xango to get the latest on the build up to the games that interview is out next. thanks. thanks a lot for being with us today my pleasure right so three or so ago till the opening of two thousand and fourteen in sochi you said in one of your recent interviews that time is your main challenge how ready are you does this mean that maybe you're afraid that you're not going to be done on time you wrote we're just in the middle for wonderful journey to deliver the most in the way to ever olympic and paralympic games which will celebrate this period when you more than russia sustainable positive changes. which interim will inspire the world with them we just now look forward to changes in the region i can tell you of the three years to be games. where in good shape we deliver and everything within budget time so no dumps that rush will be prepared for the games at the highest possible level so you have test competitions going on in feb

the c.e.o. of a giant christmas decorations store is mainly interested in germanyen christmas baubles made from handblown glass. >> we buy the european items and especially the german items because this is where christmas traditions originated, many of them. our customers they associate german quality with perfection and they know that the items they will buy are going to be 100% in quality and they're very happy to have something from germany. >> on the first day of the fair, visitors mainly look around. wayne bronner knows many exhibitors personally and they know his tastes. most companies develop special collections for foreign clients. firms from outside germany account for 50% to 60% of their sales. translator: americans used to like very vibrant, contrasting colors while germans favor tone in tone. tastes have grown somewhat closer but naturally there are still clear differences. you can see it in these two items, which both have lots of colors but one with the more than contrasting colors

brand new ski resort will be hosting the european cup in alpine skiing and that begins today well the c.e.o. of the sochi organizing committee dimitri charity shackle told r.t. there's a lot riding on getting this event right. this will be the first international exam. with the presence of international olympic committee and i know that. both from the. club kili the great will come to check the slopes and how well we have again i said the first test about the proper planning is the key factor of the success and that is why we have to be ready for any unpredictable things like remember what happened in whistler the region the which was secured for the snow for one hundred thirty years suddenly was suffering with the local snow so we have to predict everything and to be ready to deliver what we promised. well you can catch the full interview in just over an hour here on r.t. and in a few minutes we check the index of one rest in north africa in the kaiser report but first though your years here with the business news. that's right time to get the latest from the business news russia's state o

in their arctic project deal signed last month the c.e.o. of the british company robert dudley says it wouldn't mind cooperating with. b.p. in joint projects with the russian oil giant meanwhile the london high court is set to decide whether or not to block these assets wap with loss that. this comes after the russian owners of b.p. father complained seeking to stop the deal on grounds that it violates their shareholder agreements however doubly said the standoff should be resolved soon. and staying with b.p. the british company has announced it will pay dividends for the first time since the gulf oil spill after posting a profit in the fourth quarter of two thousand and ten despite an overall loss of five billion dollars last year this comes as ten k.b.p.s. russian shareholders decided not to approve a one point eight billion dollar dividend half of which would have guards to b.p. . always take a look at the stock markets u.s. stocks start a new. wall street's focus shifts back to optimism about the global recovery ahead of the u.s. manufact

their brand new ski resort will be hosting the european cup in alpine skiing which begins today well the c.e.o. of the saatchi organizing committee dimitri chernyshenko told r.t. there's a lot riding on getting this event right. this will be the first international exam. with the presence of international olympic committee and i know that. from the. from claude killy the great will come the checks of the slopes. again i said the first test of proper planning is the key factor of the success and that is why we have to be ready for any unpredictable things like you remember what happened in the region which was secured for the snow for one hundred thirty years suddenly was suffering with the local small so we have to predict ricin and to be ready to deliver what we promised. well you can catch the full interview in or out of five minutes time here in our team but first let's get all the latest in business with your ear. hello and a very warm welcome to the business update russia's state owned free t. bank which saw a successful privatization of a ten percent stake in the company on monday has de

its own us and it didn't pass up so as the middle of last year to nichols majority shareholders the c.e.o. . and the head of interrupts for jim at the time and have been buying full control of the nickel producer. both of us having twenty five percent looking stakes and refusing to yield to one another any further development of the company is being blocked chris with think believes whether that the outstanding issue in ending the row is now just a matter of price. it does appear we're now entering the the end stages of this long running dispute we noted some key minority shareholders and russo are pressing. the board to accept this deal and even the controlling shareholder himself has no acknowledged that they're likely to sell it's no question of price hike so we certainly see that we are you know more likely to get a deal over the next few weeks or maybe my you can take the next few months but at least i think the principle to we're now talking about the price of the exit rather than the principle of the exit of things that's now been established. let's have a look at the markets now a

one's according to the self loathing grads on the site ready experts say five small presses about the c.e.o. writes the first thing first off it. was the old. i'll be back with the headline shortly do stay with us. well when one deals with water it has to realize that this tremendous amounts of damage that are done not just human damage but damage to the physical environment in which the battlefield takes place tremendous amounts of damage done by earl bombs by napalm boy coming from the city whether it's. a factory remember or it's the burning. or destroy this search for purpose is going on the geneva conventions of nineteen forty nine states that shall be taken in war to protect. against widespread long term and severe damage the united states although it is accepted almost all of the provisions one has taken exception to that. are close enough to stop we are going to come back. we'll have a rally we'll sell lots of beer will wrong wrong the state will wear uniforms that will damage is in the black for them anything but very little damming to white. and they are the key to our problem our

shareholder agreement earlier the c.e.o. of the british company said b.p. and ross that could include. in the arctic project deal signed last month robert dudley also said he is confident the standoff over the share swap will be resolved soon. and a brief look at the markets in russia the r.t.s. in the my sex closed on the day and posted strong gains tracking the upbeat investor mood globally the indices gained ground after monday's losses showing that correction on the market was apparently short term. and rising oil prices are sending energy shares higher gas palm and lukoil are seeing approximately the same gains adding on between three to four percent respectively mining shares are also up on the day as severstal to one and a half percent. now the my sex stock exchange has agreed that it will buy out a controlling stake in the r.t.s. bourse for roughly one point two billion dollars first deputy chairman of russia's central bank a majority shareholder of my sec says the price estimation includes a thirty seven percent premium correspondent sara firth rep

in their arctic project deal signed last month the c.e.o. of the british company robert dudley says it wouldn't mind cooperating with sank a b.p. in joint projects with the russian oil giant. meanwhile the london high court is set to decide whether or not to block b.p.'s asset swap with. this company this comes after the russian owners the father complained seeking to stop the deal on grounds that it violates that yank a b.p. shareholder agreement however deadly said the standoff should be resolved soon analysts also say that the disputed deal is unlikely to be blocked. the. russians didn't get b.'s not to steal business because this is the extremely important for russia and i'm sure that such people as mr friedman will miss the big city be out of the old woman route to stop this very important deal for good is why in this case. the russians. have some small benefits and other creations that go into the problem or for example deal with the gander that probably will go we've been. staying with b.p. the british company has announced it will pay

until the arbitration hearing is held which is to happen by the twenty fifth of february earlier the c.e.o. of the british company said b.p. and rosneft could include b.p. in their arctic project deal signed last month robert dudley also said he is confident the standoff over the share swap will be resolved. and in other news the my sex stock exchange has agreed that it will buy out a controlling stake in the r.t.s. boards for roughly one point two billion dollars first deputy chairman of russia's central bank and majority shareholder of my sex says the price estimation includes a thirty seven percent premium argy correspondent sara firth reports. brushes two leading stock exchanges my six in r.t.f. has succeeded now in reaching a preliminary agreement for my sex to buy a controlling stake in our ts now we know that this is just a verbal agreement the documents have been signed and sources say the stakes to be based on r.t.s. is appraisal between one point one five billion and one point three zero eight billion dollars now we know in a very two thousand and ten that my take made a friendly

until the arbitration hearing is held which has to happen by the twenty fifth of february earlier the c.e.o. of the british company said b.p. and could include b.p. in their arctic project deal signed last month robert dudley also said he is confident the standoff over the share swap will be resolved soon. let's take a look at the stock markets here u.s. stocks start the new month on high notes as wall street's focus shifts back to optimism about the global recovery ahead of the u.s. manufacturing data. and stocks in europe closed on the day investors seemed a little less cautious about the unrest in egypt decision to pay dividends however didn't impress the investors the company's shares were only up slightly about one percent. and in russia the r.t.s. in my sex closed up on the day and posted strong gains tracking the upbeat investor mood globally the indices gained ground after monday's losses showing that correction on the markets was apparently short term. meanwhile rising oil prices are sending energy shares higher gas problem and lukoil are seeing approximately the same gains adding

in their arctic project deal signed last month the c.e.o. of the british company robert dudley says it wouldn't mind cooperating with b.p. in joint projects with a russian oil giant meanwhile the london high court is set to decide whether or not to block b.p.'s asset swap with. this comes after the russian owners of the father complained seeking to stop the deal on the grounds that it violates their. shareholder agreement over dudley says the standoff should be resolved soon alice also say that the disputed deal is unlikely to be blocked. the main. russian. still business because these do is extremely important for russia and i'm sure such people was. nice to be out of the old woman route. well that is why in this case. the russian shareholders. have some small benefits and other questions that go into the problem or for example. and stay with b.p. the british company has announced it will pay dividends for the first time since the gulf oil spill after posting a profit in the fourth quarter of two thousand and ten despite an overall loss of f

on the c.e.o. of one hundred ten points one hundred three victories boston the eastern conference . all over the boxing where money and shane mosley gearing up for what white fans hope will be a blockbuster invites on the seventh of may in las vegas that man will enter as a big favorite against a thirty nine year old sugar shane at the w.b. a welterweight championship belt all mine at the m.g.m. grand these my first encounter. in oh so. i mean. i'm really happy for this buy in i like what i said to him you know in the ring. we forget that we were friends we had to do our job. to give a good faith in him to make people happy we're going to say i'm going to be really made me. a good many back who's a great. warrior and these are the type of phone is allowed to be in. my world today more support coming up in around two hours time so change watty the weather's coming up next. culture is that so much i'm afraid we're going to make a lot of people a variable here is the world facing a serious and sustained food crisis prices are at all time fives and tens of millions of people are joining

he's the c.e.o. and founder of cypress semiconductor, a company that makes programmable chips that can be used in a variety of products, including l.e.d. lights and touch screen controllers. the company employs about 3,500 people; 1,000 of them in the u.s. rodgers says his company has weathered tough times before, on its own. >> so stop giving me the subsidies, which you take from me anyway by taxing me. just go away and let us spend our own money, and we will create the jobs. silicon valley is a miracle of job creation. we really don't need any government help to continue on with what we've done. >> reporter: but the federal government has historically played a major role in spurring innovation, says hancock. >> there's this mythology about silicon valley. people think silicon valley happened in a garage. yes, those are true stories. but the real story at silicon valley is that it was built with federal money. it was the vietnam war, it was the cold war, it was the moon shot. federal government neede

hugh demeanor of the c.e.o. of internet investment firm d s t global has topped the list of russia's thirty main internet business enterprise that's according to a list compiled by forbes magazine second place was given to loan you but was slutsky who partially owes its search engine through its holding net sports was taken by a venture fund managing partner at sun that believes people list was based on an opinion poll held among market representatives and experts it's worth nothing that you're a member it's worth noting that you're a millionaire who successfully into social networks facebook will go on and signed on the poll by a large margin. russia's biggest lenders burbank asserter expander to investment banking c.e.o. henry brass a decision on his strategy would be announced in less than two weeks the company says it will either buy an existing investment company or create the business from scratch and. we plan to quickly develop spurred banks investment banking arm we have ended studying units that exist to